7-19-12 POSTS
Wobama’s Choom
Gang Bangin’ { This brief video (11 mb) is well done and worth a watch! }
http://www.albertpeia.com/wobamaschoomgangbangin.wmv
Dave’s Daily: http://www.etfdigest.com
BAD DATA IGNORED IN FAVOR OF
TECH 7-19-12 { Tech? Palease, don’t make me laugh! This
‘bad news is good’ scenario based upon hopes for contraindicated, egregiously
failed QE for the benefit of the frauds on wall street only to the detriment of
everyone else with such hopium rallying stocks has gone beyond the point of
ridiculous. It’s really rather pathetic, these so-called wall street
mavens/titans of capitalism, the largest of which remain unprosecuted for their
huge, lucrative, debilitating frauds wanting/expecting even more on the public
dole. They’ve even gotten to the point where their computers are selling to
themselves for the ‘churn and earn’ along with the algo-driven contraindicated
moves up. The markets are totally cooked! Dave as always is spot-on the case!
} ‘There’s plenty of bad economic data
to motivate QE3 fans. Jobless Claims rose (386K vs 365 expected & prior
revised higher to 352K). The least noticed in the report is 86K were dropped
from benefits as their 99 week period expired. Existing Home Sales disappointed
(4.37M vs 4.65M expected & prior 4.55M). Leading Economic Indicators fell
(-.3% vs -.1% expected & prior .3%). Worse yet was the Philly Fed (-12.9 vs
-.8 expected & prior -16.6). Taken together this gives the bad news bulls
something to cheer. Below is a chart courtesy of Zero Hedge pointing out the
worst part of the Philly Fed reading—employment sub index. Stock
markets are rallying substantially as investors rotate away from previous
winning sectors like REITs (IYR) and Financials/Banks (XLF & KBE) towards
tech (XLK). Once again, there really has never been a bull market without
financials in the mix. The last time we saw sharp rallies with financials still
lagging was in the Great Depression. IBM was one of the market leaders and
investors should remember the DJIA (DIA) is a “price-weighted” index with big
blue being the heaviest weighting at 11%. In fact the top 5 represent 33% of
the entire index and top 10 or the 30 at 55%. This is why those following the
index often find results misleading as to overall market conditions. IBM jumped
3.70% despite lower revenues but better guidance. Qualcomm (QCOM) up 4% and
EBay (EBAY) up 8% added to the enthusiasm for tech while financials and other
sectors were weak. After the close SanDisk (SNDK), Microsoft (MSFT) and Google
(GOOG) all reported earnings that seemed to please lowered estimates. (That’s
the way the game is played folks.) Despite Bernanke stating yesterday that the
eurozone was “a long way away from being fixed” bulls ignored it for now. After
all conditions there are quiet and negative headlines are scant. Spanish yields
soared to a record as the German parliament voted to approve loans to Spanish
banks. The high court in
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Morning Snapshot Jul 19th, 2012 by News
(USAGOLD) — Gold is well bid today, underpinned by heightened
• US
Philly Fed index improved to -12.9 in Jul, but was below expectations of -8.0,
vs -16.6 in Jun.
• US leading indicators -0.3% in Jun, on expectations of -0.1%, vs upward
revised +0.4% in May.
•
• US initial jobless claims +34k to 386k for the week ended 14-Jul, above
expectations of 365k, vs upward revised 352k in the previous week.
•
•
• Eurozone current account (sa) €10.9 bln in May, vs upward revised €5.5 bln in
Apr.
• Italy industrial orders (sa) +1.7% m/m in May, vs positive revised -1.8% in
Apr; -9.4% y/y.
• UK retail sales +0.1% m/m in Jun, vs positive revised +1.5% in May; 1.6% y/y,
down from negative revised 2.1% y/y in May.
• Japan All-Industry Index (sa) -0.3% m/m in May, vs +0.1% in Apr.
•
•
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The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed! Train Reading: The Stock Market Is
(Criminally) Insane The Wall Street Journal , http://albertpeia.com/archives.htm , [ECRI Stays with
Recession Call New American http://albertpeia.com/ecricallsrecession.htm , ECRI's
Achuthan: "The US Is In Recession Already" , 19
Warnings About A Coming Global Financial Catastrophe http://albertpeia.com/19warningsofglobalcatastrophe.htm , These
12 Hellholes Are Examples Of What The Rest Of America Will Look Like Soon http://albertpeia.com/12hellholesvisionofamericasfuture.htm , The
Federal Reserve Is Not Going To Save Us From The Great Depression That Is
Coming http://albertpeia.com/fedcantwontsaveusfromgreatdepression.htm 12
Signs That The Next Recession In The United States Has Already Begun http://albertpeia.com/12signsusrecessionhasbegun.htm
,
20
Signs That All Point To The Exact Same Thing - Can You Guess What That Is? http://albertpeia.com/20signspointtoeconomiccrisiscollapse.htm , Dave’s Daily: http://www.etfdigest.com
BAD DATA IGNORED IN FAVOR OF
TECH 7-19-12 { Tech? Palease, don’t make me laugh! This
‘bad news is good’ scenario based upon hopes for contraindicated, egregiously
failed QE for the benefit of the frauds on wall street only to the detriment of
everyone else with such hopium rallying stocks has gone beyond the point of
ridiculous. It’s really rather pathetic, these so-called wall street
mavens/titans of capitalism, the largest of which remain unprosecuted for their
huge, lucrative, debilitating frauds wanting/expecting even more on the public
dole. They’ve even gotten to the point where their computers are selling to
themselves for the ‘churn and earn’ along with the algo-driven contraindicated
moves up. The markets are totally cooked! Dave as always is spot-on the case!
} 11
International Agreements That Are Nails In The Coffin Of The Petrodollar http://albertpeia.com/endofpetrodollar.htm , UBS
Issues Hyperinflation Warning For US And UK, Calls It Purely "A Fiscal
Phenomenon" , …Germany
Would Leave the Euro… Well, Germans Are Already Using Deutschemarks Again!
http://albertpeia.com/germanywillleaveeuro.htm , The End of the Bernanke Put is Here http://albertpeia.com/endofbernankeput.htm , The
New Depression: The Breakdown of the Paper Money Economy , 27
Things That Every American Should Know About The National Debt http://albertpeia.com/27thingsamericansshouldknowaboutnationaldebt.htm Two
Myths That the Bulls Continue to Cling To Were Just Rendered Moot http://albertpeia.com/twobullmythsnowmoot.htm , Dustbowl: U.S. declares drought largest disaster area ever , Jobless claims fall as plants put off retooling, The
EU in Recession, the US is Entering a Recession and China is Lying About Its
Growth http://albertpeia.com/euinrecessionusrecessionchinachinakissmyhina.htm , 25
Signs The Collapse Of America Is Speeding Up As Society Rots From The Inside
Out http://albertpeia.com/25signsacceleratedamericancollapseandrotwithin.htm , 14
Incredibly Creepy Surveillance Technologies That Big Brother Will Be Using To
Spy On You http://albertpeia.com/14creepygovernmenttechnologiestospyonyou.htm
,
The
US is Entering a Recession In the Worst State in the Post WWII Period… Right As
the Fed Realizes It’s Out of Ammo http://albertpeia.com/usenteringrecessionworstinpostww2.htm , White House on weak jobs report: Don’t ‘read too much’ into it Olivier
Knox, Yahoo! News { Riiiiight!
Sounds like a plan! After all, wobama’s gotten’ by on b***s*** and ‘special
consideration’ alone, never having done anything of substance in his entire
life. Indeed, even his so-called ‘auto-biographies’ are works of what appear to
be ‘choom-gang’ induced fantasies which reveal a psychogenic/dissociative
amnesia that works well in the continuing ‘narrative’ devoid of fact on his
‘more b*** s*** campaign trail’ littered with the cowpies of stark reality.
People owe themselves and their children more than this grifter’s con which in
numbers measures more than the increased deficits of all the presidents since
President General Eisenhower combined to obfuscate his unequivocal failure. http://albertpeia.com/10waysobamakillingjobsinamerica.htm
} Computers
on Wall Street are Buying and Selling to Themselves { Churnin’ and earnin’ http://albertpeia.com/churninandearnin.htm 6-29-12 Suckers’ short covering plus high
frequency algo rally into the close to keep suckers sucked in for month,
quarter, half window dressing (manipulated stock prices, oh my! Realize that
these fraudulently induced commissions come OUT of the real macro economy which
has been a major problem for quite some time!)
7-5-12 The Biggest
Financial Scandal In History? http://albertpeia.com/anotherbiggestfinancialscandal.htm , Equities
Fumble As Broke Banks Mounting ZeroHedge.com Tyler Durden 7-5-12 , Thunder
Road Report On The Death March: Approaching A New Financial System , The
Next Imminent Bailout: Eminent Domain
} http://albertpeia.com/archives.htm - As per Dave (Dave’s Daily: http://www.etfdigest.com
‘.. There were grandiose
statements, promises and more importantly, details to be worked out. The latter
will wait since bullish algos only move on headlines and not pesky
details..’ ‘6-28-12 … But a late day
rally on
an old Bloomberg story that Italy and Spain might get some short-term help
launched algo buy programs late...’) 7-2-12
Global
Growth Outlook Weakens , Big
Banks Have Criminally Conspired Since 2005 to Rig $800 Trillion Dollar Market
George Washington 07/01/2012 … But Receive Only a Light Slap on the Wrist , 77%
of JP Morgan’s Net Income Comes from Government Subsidies JP Morgan Sucks at the Government Teat , Sorry
Folks, Spain Isn’t “Saved” And The Next Leg Down is Coming Soon / The Exact Moment Greece
Will Leave the Euro gpc1981
http://albertpeia.com/greeceyspainpain.htm , Chief
Justice John Roberts Bowed To Political Pressure And Changed His Vote On
Obamacare http://albertpeia.com/nolegalsystem.htm { The unfortunate reality is what I’ve
alluded to in the context of my own direct experience; viz., america’s ‘legal
system’ is an illegal system used to cover-up crimes, arbitrarily enforce laws
to apply pressure, etc., and essentially run by the inmates of this collective
criminal entity called america: http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm } , Houston, We
Have Contraction , China's
Landing Getting Harder As Stimulus Fails To Prime Pump , As
US Closes June With $15,856,367,214,324.44 In Federal Debt, US Debt/GDP Hits
Post WWII High Of 101.5% , 15
Reasons Why The Obamacare Decision Is A Mind Blowing Disaster For America http://albertpeia.com/15reasonsobamacareisadisaster.htm , 17
Reasons To Be EXTREMELY Concerned About The Second Half Of 2012 http://17reasonssecondhalfworse.htm , 22
Statistics That Prove That The American Dream Is Being Systematically Destroyed http://albertpeia.com/americandreamdestroyed.htm Where
Does Money Come From? The Giant Federal Reserve Scam That Most Americans Do Not
Understand http://albertpeia.com/federalreservescam.htm , The EU
Has Already Broken Up… They Just Haven’t Formalized Yet http://albertpeia.com/eualreadybrokenup.htm , http://albertpeia.com/totaleconomiccollapseseptoct.htm
, Egan
Jones Downgrades Germany From AA- To A+
, "Bankruptcy
Only Choice Left" As Stockton Set To Become Largest US City Chapter 9 , Deutsche
Bank Hides The Hopium: "The Next Recession Should Start By The End Of
August" , Richmond
Fed Plunges; Consumers Underconfident For The Fourth Month In A Row , Art
Cashin Warns: "Beware The Ides Of September" ( Suckers’ algo rally into the close off
lows; great opportunity to sell/take profits! Much worse to come! ) Dave’s Daily: http://www.etfdigest.com
http://etfdigest.com/commentary.html
BANKS RALLY ON DOWNGRADES 6-22-12 ‘It would appear the rating agencies are
either “leading from behind” or just don’t have much respect these days after
they botched the mortgage crisis’ { As
an aside, I thought Rodney Dangerfield was absolutely hilarious in that great
comedy classic, ‘Caddyshack’ and I’m glad Dave used his image here http://albertpeia.com/dangerfieldindeed.jpg }. , The
USD Trap Is Closing: Dollar Exclusion Zone Crosses The Pacific As Brazil Signs
China Currency Swap When the US
Dollar is ultimately dethroned as the world's reserve currency (and finally
gets rid of all those ridiculous three letter post-Keynesian economic
"theories") nobody will have seen it coming. Well, nobody except for
the following headlines: ""World's
Second (China) And Third Largest (Japan) Economies To Bypass Dollar, Engage In
Direct Currency Trade", "China,
Russia Drop Dollar In Bilateral Trade", "China
And Iran To Bypass Dollar, Plan Oil Barter System", "India and Japan sign new
$15bn currency swap agreement", "Iran,
Russia Replace Dollar With Rial, Ruble in Trade, Fars Says", "India
Joins Asian Dollar Exclusion Zone, Will Transact With Iran In Rupees."
And while the expansion of the "dollar exclusion zone"
was actually quite glaring to anyone who dared to look, one thing was obvious:
it was confined to ONLY
A FEW DAYS LEFT TO SELL IN MAY AND GO AWAY ! IF YOU HAVEN’T SOLD BY JUNE YOU ARE A LUNE! Great opportunity to sell into this
short-covering / HFT algo-driven rally into the close to window dress the bad
news / bad fundamentals scenario; because, there are no bargains on fraudulent
wall street. Dave’s Daily: http://www.etfdigest.com ‘…After
being down nearly 200 points markets turned around late as the infamous 2:15 PM
Buy Program Express kicked-in (a few minutes late) and stocks rallied sharply
off lows as another short squeeze began…’
}, , Rajoy:
Pain in Spain to deepen despite bank rescue AP , Farage
On The Spanish Bailout: "A Reinforcement Of Failure" http://albertpeia.com/reinforcementoffailure.htm , Dave’s Daily: http://www.etfdigest.com MARKETS RETHINK SPAIN AND ITALY 6-11-12 {Contrasted to prior trading day
folly/fraud} MARKETS RALLY ON
LIGHT VOLUME 6-8-12 ‘Markets started the day off weakly then rallied late
because…wait for it, Spain is rumored to be willing to ask for help, and Obama
said European leaders face an “urgent need to act”. No, you can’t make this
kind of stuff up. His statement is about as effective as a Kofi Annan Syrian
peace plan. Search as I may, there seems to be little hard news to explain
Friday’s rally…’ { This all too familiar foolishness/fraud on wall street so
inconsonant with reality presents again a great opportunity to sell / take
profits! }, 6-7-12 Think about the preposterousness of
yesterday’s 286 point pop on the DOW based on b***s***, contraindicated hopes
for QE, etc., Previous day: 6-6-12 The ultimate suckers’ rally on hopes for
contraindicated QE which has clearly NOT WORKED for all except the frauds on
wall street enriched thereby at everyone else’s expense (higher gas prices,
costs, etc.) and to keep suckers sucked in; this is a huge opportunity to
sell/take profits. Reality from
http://albertpeia.com/nohousingrecoveryuntil2020in5charts.htm
Durden , The
Mother Of All Infographics: Visualizing America's Derivatives Universe http://albertpeia.com/usderivatives221trillionof707trillionglobal.htm
, Fasten
Your Seatbelts: High Frequency Trading Is Coming To The Treasury Market [ http://albertpeia.com/highfrequencytradingcomingtotreasuries.htm
, 22
Signs That The Collapsing Spanish Economy Is Heading Into A Great Depression
http://albertpeia.com/22signsspainheadingintogreatdepression.htm
, The
Secrets of the Spanish Banking System That 99% of Analysts Fail to Grasp http://spainbanksystemsecrets.htm
, What
Do California And Detroit Have In Common? http://albertpeia.com/californiadetroitdeclineincommon.htm
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http://endoftheamericandream.com
http://albertpeia.com/12signsusrecessionhasbegun.htm
‘Is the
The following are 12 signs that the next recession in
the United States has already begun....
#1 U.S.
retail sales have declined for three months in a row, and that is a very bad
sign. Retail sales in America have fallen three months in a row only 27
times since 1947. In 25 of those instances, the U.S. economy was either
"in
a recession or within three months of a recession."
#2
Manufacturing activity in the mid-Atlantic region has declined for three months in a row.
#3 Overall,
the U.S. manufacturing sector contracted last month for the first time in
almost three years. The following is from a recent article in the Los Angeles Times....
A factory index calculated by the Institute for
Supply Management slid to 49.7 in June from 53.5 in May to the lowest reading
since July 2009. Any level below 50 denotes tightening in the sector; anything
above signifies growth.
#4 Sales of
previously occupied homes dropped by 5.4 percent during June.
#5 Initial
claims for unemployment benefits rose to 386,000 last week - another sign that
the labor market is weakening again.
#6 According
to one survey, only 23 percent of all U.S. businesses plan
to hire more workers over the next 6 months.
#7 The Philadelphia
Fed's employment index indicates that
there is bad news ahead for the labor market....
Labor market conditions at the reporting firms
deteriorated this month. The current employment index decreased 10 points,
to ‐8.4, its second negative reading in three months. The
percent of firms reporting decreases in employment (18 percent) exceeded the percent
reporting increases (10 percent).
#8 Unless
Congress acts, the U.S. Postal Service is going to financially default for the
first time ever on August 1st.
#9 The
Conference Board's index of leading economic indicators fell by 0.3 percent in June.
#10 A
Washington Post survey that was conducted back in April discovered that 76 percent of all Americans believe that
the U.S. economy is still in a recession.
#11 According
to AARP, 600,000 American homeowners that are 50 years of age or
older are currently in foreclosure.
#12 The
unemployment rate in New York City is now back up to 10 percent.
That equals the peak unemployment rate in New York City during the last
recession.
So where do we go from here?
Are poverty and government dependence going to reach
even higher levels during the next recession than they did during the last
recession?
Yes, we always want to help those that are hurting
and that cannot take care of themselves. We don't want to see anyone
going without food or sleeping in the streets.
But handouts are not going to solve our economic
problems. The U.S. government even admits that handouts can be very
damaging to those that become accustomed to them. The following is from
the website of the U.S. National
Park Service....
Feeding bears or allowing them access to human food
causes a number of problems:
• It changes the bear's wild behavior and causes them
to lose their instinctive fear of humans. This lack of fear causes panhandler
or "nuisance" bears to be more unpredictable and dangerous when they
encounter humans.
• At their best, panhandler bears perform tricks to
obtain food. At their worst, they damage property and injure people. In 2009,
288 bear-related incidents were recorded in the park. One incident involved an
injury to a park visitor and others resulted in extensive property damage.
• It transforms wild and healthy bears into habitual
beggars. Studies have shown that panhandler bears never live as long as wild
bears. Many are hit by cars and become easy targets for poachers. Beggar bears
may die from ingesting food packaging or toxins.
But although socialism is bad for bears, apparently
it is just right for humans.
According to the Daily Caller, the federal
government is actually working with the Mexican government to increase
participation in the U.S. food stamp program....
The Mexican government has been working with the United
States Department of Agriculture to increase participation in the Supplemental
Nutrition Assistance Program (SNAP), or food stamps.
USDA has an agreement with Mexico to promote American
food assistance programs, including food stamps, among Mexican Americans,
Mexican nationals and migrant communities in America.
“USDA and the government of Mexico have entered into
a partnership to help educate eligible Mexican nationals living in the United
States about available nutrition assistance,” the USDA explains in a brief
paragraph on their “Reaching
Low-Income Hispanics With Nutrition Assistance” web page. “Mexico will help
disseminate this information through its embassy and network of approximately
50 consular offices.”
This doesn't make any sense at all.
Why is the U.S. government seeking the assistance of
a foreign government to help get more people on food stamps?
Sadly, many in our government actually believe that
getting people on food stamps is one of the best things we can do for our
economy.
For example, House Minority Whip Steny Hoyer recently
told reporters that enrolling more Americans in the food stamp program is one
of the "most stimulative" things that
the government can do for the U.S. economy.
Isn't that frightening?
No wonder why so many people are skeptical of the
government these days. One recent survey found that 23 percent
of all Americans believe that "government is the solution to the
problem" while 64 percent of all Americans believe that "government
is the problem".
What we really need is for the government to get off of the backs of
our businesses so that they can start thriving again and so that they can
start creating more jobs.
But as we have seen in the past, that never seems to
happen no matter which political party is in power.
Meanwhile, the next great global financial
crisis is rapidly approaching and there seems to be little hope that the
U.S. is going to be able to avoid another major economic downturn.
If you expect the government or the Federal Reserve
to save you from what is coming, then you are going to be
bitterly disappointed. They were not able to prevent the last economic
crisis and they are not going to be able to prevent the next one either.
The truth is that our financial system is massively
overloaded with debt and our economy is failing.
A great storm is coming and it is going to be
exceedingly painful.
You better get ready while you still have time.’
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http://theeconomiccollapseblog.com
http://albertpeia.com/20signspointtoeconomiccrisiscollapse.htm
‘The U.S.
economy is in a massive amount of trouble. There aren't enough
jobs. There isn't enough money to go around. Business activity is
slowing down again. Household wealth has been falling. Food prices
have been rising. Many state and local governments all over the country
are flat broke and are drowning in debt. The federal government has been
rolling up unprecedented amounts of debt in an
attempt to keep things going, but everyone knows that kind of borrowing is
simply unsustainable. So where do we go from here? We consume far
more than we produce and we use debt to make up the difference. 40 years
ago the total amount of debt in America (government, business and consumer) was
less than 2 trillion dollars.
Today it is nearly 55 trillion dollars.
How in the world did we let the total amount of debt in the United States grow
more than 27 times larger over the past 40 years? Our economic system is
fundamentally broken, but most Americans don't realize it yet because times are
still relatively good.
However, the next great economic crisis is going to
wake a whole lot of Americans up.
And when they realize what has happened to our
future, they are going to be really, really angry.
Enjoy the good times while they last. The next
recession is rapidly approaching, and it will not be pleasant.
The following are 20 signs that all point to the
exact same thing....
#1 The
unemployment rate in the U.S. has been above 8 percent for 40 months in a row, and 42 percent of
all unemployed Americans have been out of work for at least half a year.
As I wrote about recently, there are never going to be enough jobs in America
ever again. As bad as things are right now, they are about to get even
worse. So what is our country going to look like once the unemployment
rate starts shooting up rapidly once again?
#2 35 percent
of all unemployed workers have had to dip into retirement savings in
order to make ends meet over the past year.
#3 Since
2008, the U.S. economy has lost 1.3 million jobs while at the same time
3.6 million more Americans have been
added to Social Security's disability insurance program.
#4 A recent
survey conducted by the National Association for Business Economics found that
only 23 percent of all U.S. companies plan to
hire more workers over the next 6 months. When the same question was
asked a few months ago that number was at 39 percent.
#5 An
important measure of U.S. manufacturing activity has fallen to its lowest level
since June 2009.
#6 Hundreds
of thousands of federal jobs at civilian agencies will likely be lost if
Congress allows the automatic federal budget cuts to go into effect next
year. The following is from a recent article posted on federalnewsradio.com....
A report released Tuesday suggests that several
hundred thousand federal jobs at civilian agencies would be on the chopping
block within the next year if Congress lets the automatic budget cutting
process known as sequestration go into effect.
The study, authored by George Mason University
professor Stephen Fuller, adds a new dimension to a budget debate that's so far
been centered on sequestration's effects on the military.
#7 The teen
unemployment rate in Washington D.C. right now is 51.7 percent.
#8 Gallup's
U.S. Economic Confidence Index is now the lowest that it has been since January.
#9 The median
net worth of U.S. households in 2007 was $126,400. By 2010, it had fallen to
just $77,300.
#10 Pensions
at S&P 500 companies are more under-funded than they have ever
been before.
#11 According
to the New York Times, state and local governments across America "shortchanged
their pension plans by more than $50 billion" between 2007 and 2011.
#12 The city
of Compton, California is evaluating whether or not it should
declare bankruptcy. If it did, it would become the fourth California city to declare
bankruptcy this year.
#13 The
percentage of U.S. households that are spending more than half their incomes on
housing is at an all-time high.
#14 For the
first time in modern history, Canadian households are wealthier than American
households are.
#15 One recent
poll found that 42 percent of all Americans believe that
China is the leading economic power in the world while only 36 percent believe that the U.S. is
still the leading economic power in the world.
#16 According
to the federal government, the price of food rose much faster than the general
rate of inflation did during 2011. Just check out these rates of food
inflation for 2011....
If that happened during a somewhat "normal
year", what will food prices look like after we are done with the drought of 2012?
#17 The price
of a bushel of corn has risen by 54 percent since mid-June.
#18 According
to one survey, 42 percent of all American workers are
living paycheck to paycheck.
#19 A
different survey found that 28 percent of all Americans have
absolutely no emergency savings at all right now.
#20 Federal
Reserve Chairman Ben Bernanke made the following statement to Congress on
Tuesday: "At this point we don't see a double dip recession. We see
continued moderate growth."
Do you remember that old Seinfeld episode when George
Costanza decided that he would "do the opposite" of everything that
his instincts were telling him to do and everything started working out great
for him?
Well, when it comes to Federal Reserve Chairman Ben
Bernanke, the key is to "believe the opposite" of everything that he
says.
And since Bernanke does not believe that a double dip
recession is going to happen, that probably means that we are about to hit
another recession.
If you doubt this theory about Bernanke, just go back
and check out his track record.
Okay, so if our economy is in big trouble shouldn't
our leaders be doing something about it?
Well, it is election season now so I wouldn't expect
too much from Barack Obama. He is too busy raising money in France and in China.
I wouldn't expect too much from Obama's economic
advisers either. In fact, Obama's much-ballyhooed "jobs
council" has not even met in six months.
Not that the "jobs council" was ever going
to do anything substantive anyway.
The truth is that it was just for show and most of
the CEOs on the council have been sending jobs overseas anyway.
Well, what about the SEC?
Shouldn't they be doing something to fix the
financial system?
No, they are too busy investigating the Amish.
It looks like we are on our own.
Soon, even more parts of the country will start
looking like Detroit or Baltimore or Cleveland.
This country is rapidly falling apart, and the
federal government is not going to save us.
That is why we need to focus on preparing to weather
the coming storm on a family and community level.
There is hope in being prepared. The coming
economic crisis will wipe out many Americans because they will never even see
it coming. But that does not have to happen to you.
If you work really hard right now to prepare your
family for the storm that is on the horizon, then you will have a much better
chance of making it through to the other side.’
http://www.albertpeia.com/todayspage.htm
http://albertpeia.com/todaysbusinesssummarylinks.htm
http://albertpeia.com/fbimartinezcongallard.htm
http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm
http://albertpeia.com/22signsglobalrecessiondepression.htm
Compendium of Important
Business / National / World News / Topics / Articles / Headlines
http://albertpeia.com/articlelinkspage3.htm
http://albertpeia.com/archives.htm
Drudgereport: 7-19-12 NYC jobless
rate hits 10%...
Huge
protests against austerity cuts erupt in Spain...
...firemen
strip naked
Rubio likens
Obama to 'left-wing third-world leader'...
Former
SEAL Team Six Commander Launches Anti-Obama Offensive...
'IT'S A
FAKE'...
Sheriff
Joe's Obama probe finds 'national security threat'...
Calls
Congress to move on eligibility...
VIDEO:
'Every document surrounding Obama plagued with problems'...
NEXT:
Compton, CA, may declare bankruptcy...
3-Year-Old
Mugged in NYC...
3-year-old
boy mugged -- while sitting in stroller!
Thieves
Stripping Air Conditioning Units For Freon To Get High...
HORROR:
Naked, Blood-Soaked Man Breaks Into 2 Homes, Kills Elderly Woman... { http://albertpeia.com/anothertypicalblack.htm Do americans feel they deserve such a fate at
the hands of the uncivilized wobama blacks
}
COPS: Woman
Kept Friend's Corpse In Armchair For 18 Months, Watched NASCAR With It...
'He
Was Only Guy Who Was Ever Nice To Me'...
FLASH: Rep. Jesse Jackson Jr. 'in Rehab'...
'Persistent sleep disorder'...
Has Been Under investigation by House Ethics
Committee...
NYT: His Father's Son...
Chicago police sergeant: 'Tribal warfare' on
streets...
Comparable to Iraq, Afghanistan...
WAR DRUMS: USA moving dozens of underwater craft to
Persian Gulf...
TOURISM PLEA TO GODFATHER: Violent crime wave must be
defused...
Algorithms now 'writing' articles for newspapers and
websites...
SALES TAX
IN SPAIN JUMPS TO 21% {
That’ll work! }
Jon Voight defends Brad Pitt's mom after death threats
for anti-Obama letter...
UPDATE: Closure of Border Patrol stations across 4
states triggers alarm...
REPORT: People losing homes for as little as $400 in
back taxes...
NAACP Requires Photo ID to See Holder Speak in State
Being Sued Over Voter ID (they’re such b***s***/hypocrites)?
GODFATHER UNDER FIRE AS MURDER RATE SOARS...
Chicago Mayor Appeals to Gangsters' 'Values'...
'Don't touch the children'...
RADIO STATION REPORTS REP. JESSE JACKSON, JR
'ATTEMPTED SUICIDE'...
Questions mount...
NAACP goes wild for Eric Holder...
'O: This Will Be My Last Political Campaign No Matter
What'...
GALLUP: APPROVE SLIPS TO 44%...
POLL: US CHANGED FOR THE WORSE UNDER OBAMA ...
Boehner: Voters Need Not 'Love' Romney...
Man Who Introduced Obama At Rally Owes $500,000 To
Former Employer...
'We sort of ran out of money'...
Obama campaign threatens donors: 'We could lose if
this continues'...
Obama uses 'I' and 'me' 117 times in speech...
'Delirious' Blood-Covered Naked Man Selling Candy Kills
Motel Worker In Violent Rampage...
Man holds knife to 3-year-old's face, threatened to
cut out tongue...
Kudlow: Obama’s Goose Is Cooked...
Obama's Social Security Number challenged...
'American story' faces fresh scrutiny... {
‘By some counts, The Story presents more than three-dozen instances of
material discrepancy where Dreams fails to align with the facts as
Maraniss reports them. Case in point: Maraniss confirmed that Mr. Obama's
mother, Ann Dunham, left his father, Barack Obama, Sr., a volatile bigamist,
and not the other way around, as related in Dreams. Dreams also
related the tale of Obama's paternal grandfather, Hussein Onyango, who was said
to have been detained and tortured in a prison outside Nairobi for six months
because of his brave defiance of British colonialists. But after a half-dozen
interviews and other research, Maraniss deemed the tale "unlikely." Read more: http://www.foxnews.com/politics/2012/07/04/obama-american-story-faces-fresh-scrutiny/#ixzz1zmwWPuJ5 ‘ }
Ann Romney
says woman being eyed for ticket...
Obama's
whole campaign strategy is 'let's kill this guy' ( That’s no exaggeration, the
predisposition of blacks toward whites; and, wobama can’t run on his record of
failure in which he’s lied and failed! ) ...
POLL: In 15
swing states, Romney leads Obama 51% to 43%...
Romney
accuses Obama of 'vicious lies' on BAIN CAPITAL...
'THE LAW I
PASSED IS HERE TO STAY' { Wobama must be back on his choom pipe
fantisizin’ again! }
LAND OF THE FREE: San Diego
man stranded after told on 'no-fly' list...
Midwest
ranchers, lawmakers protest drone flyovers...
TWITTER
shares info on gov't demands for user data...
ACLU
Launches Smartphone App To Secretly Record Police Stops...
'Homeland
Security' Report Lists 'Liberty Lovers' As Terrorists...
Cannibal Updates: Boy bitten
on neck by man in 'vampire' attack...
VIDEO: Man
high on synthetic 'spice' goes on naked 'ninja' rampage...
'ZOMBIE
CANNIBAL': 'I'm a eat you'...
SCORN ON THE
4TH OF JULY: Chris Rock Mocks 'Happy White Peoples Independence Day'...
TOP BLACK
CHURCH BACKS HOLDER, BLASTS HOUSE...
Severed head
thought to belong to Canadian cannibal's butchered lover found in park...
Pregnant
woman bites off boyfriend's fingertip...
RECORD
NUMBERS OF AMERICANS ON DISABILITY
NOW Mammoth
Lakes files for bankruptcy!
Rep.
Allen West: Obama Wants Americans To 'Be His Slave'...
CHICAGOLAND:
7-Year-Old Girl Gunned Down While Selling Lemonade Outside Home...
MCCONNELL:
'Sold to American people on a deception'...
CURL: Gift
to Romney... { This may seem somewhat counterintuitive and a bit
of a rationalization; but, it is absolutely true. So true in fact, that wobama
will come to be compared to Pyrrhus of Ephyrus (W. Greece) since realization of
what this legislation won’t do for americans and the economy and what it
actually does will not have the galvanizing effect that striking the bill down
would have had on voters who were thinking ‘another free lunch from the
government’ will save them (we all now know better, no such thing). Yes, in
somewhat European tradition, defacto bankrupt america is keeping up with the
(ie., rating agencies Egan) Joneses. After all, we all know how well this
European program model is working out for Europe (and any other nation that’s
tried it). In the final analysis, this and such programs as the contraindicated
bailouts for the unprosecuted frauds on wall street, etc., will prove to be the
‘camel-back breaking’ moment for america; and, a pyrrhic victory for the egregiously
failed president wobama. America’s
debt woe is worse than Greece’s News (CNN) — ‘Our government is
utterly broke. There are signs everywhere one looks…The government’s total
indebtedness is $211 trillion’ … }
HISTORIC: HOUSE
VOTES HOLDER IN CONTEMPT...
DEM HOODIED
BLACKS PLUS WALK OFF FLOOR...
Pelosi
botches name of slain border agent...
Adult Chimpanzee
Fatally Mauls Baby Chimp at LA Zoo...
ZIMMERMAN
PASSED POLICE LIE DETECTOR...
REPORT...
Syringes
litter NYC beach...
ZOMBIE: Man
who took synthetic drug strangles dog, starts eating it...
POLL: Obama
drops 8 points with whites...
... 13-point
plunge among young voters
Obama Asks
People Getting Married To Forgo Gifts...
Donate
To His Campaign Instead... { Wobama is so pathetic! Sure, sacrifice
for the grifter wobamas so they can continue livin’ large on the taxpayer dime
while accomplishing nothing except greater public debt to hide his failure.
This from the record holder for fundraisers, 151 and counting. Then there’s the
100 plus rounds of golf in addition to being famously over-vacationed while in
office. It’s laughable to hear him blame congress for his lack of
accomplishments when the reality is that he ‘really wasn’t there’ for any of
it. For wobama the presidency is just endless debate, rhetoric, campaigning,
vacationing, soundbites from the teleprompted speeches, jive-talk, b***s***,
and ‘choom fantasy’. He’s a total fraud and failure and anyone who buys into
election-year desperation / promises, etc., is just a fool of the worst
kind! AP: ‘…THE FACTS: Five Senate
Democrats voted against sending the DREAM Act to the Senate floor for full
consideration. The bill would have created a path to citizenship for many young
illegal immigrants brought to the United States as children. Last week, Obama
announced plans to stop deporting illegal immigrants who would have qualified
for the DREAM Act. The policy change does not include a path to citizenship…’ Then
there’s the other meretricious ‘wobama desperation hail mary’ that once again
falls short. Indeed, as an investor, one analyzes earnings, projects
prospective earnings over a 3-5 year horizon, and the quality of the earnings
along macro economic factors which are affected by ‘political considerations’.
Does anyone remember the honorable Ross Perot who warned of NAFTA’s effect on
american jobs even as the democrat administration et als were hell-bent on passing
same? Should Romney have breached his legal duty to shareholders and invested
in companies with poor earnings prospects? After all, in the financial /
security analysis step of projecting the income statement, prospective labor
costs figure prominently in the bottomline. In sum, Romney took conditions as
he found them, and made the prudent choices which as per his legal duty were
optimal for those who put their trust in him. For those who put their trust in
proven failure wobama, all they have to show for such misplaced trust are
broken campaign promises, now insurmountable record deficit spending exceeding
all the presidents since Eisenhower combined to obfuscate what clearly has been
wobama’s unequivocal failure. }
Will accept
your birthday or anniversary gifts, too...
VIDEO: Obama
Trips At Campaign Event In Tampa...
ZOMBIE:
Naked man bites off chunk of arm...
PAPER:
Obama's grandfather tortured by the British? A fantasy (like most of the
President's own memoir)... { http://albertpeia.com/wobamaschoomgangfantasy.htm }
JAILHOUSE CALLS: Zimmerman told wife to buy
bulletproof vest...
WAR ZONE: 7 Killed, Dozens Wounded During Obama Visit
to Chicago...
More killed this year than in Afghanistan...
Bill Maher: 'The Problem With Racism Is Matt
Drudge'... { Oh riiiiight! Drudge is the racist for reporting facts/reality
concerning black on every color crime along with black threats. What can you
expect from maher who is an null sum embarrassment/disgrace who like the
italian scallion had married (and I believe is now divorced from) a black (he
like booby deniro need rationalization)? } Here’s some reality for maher who
doesn’t mahter:
U.S.
Cannibal Updates: Doctors release first photos of Miami cannibal victim...
**WARNING:
Extremely graphic** [ See
here: http://albertpeia.com/blackcannibalswhitevicitm.htm ]
U.S. CANNIBAL UPDATES:
'Zombie
Bullets' In High Demand Following Cannibal Attacks...
COPS:
Attacker bit off large chunk of victim's face in bloody assault...
UPDATE:
SOUTH BEACH CANNIBAL WAS CARRYING BIBLE, HAD RECENTLY SMOKED POT...
NEW: Man
Threatens To Eat Cop...
'Growled,
opened and closed his jaw'...
Woman bites
wig shop owner’s bicep, spits flesh in face...
L.A. KINGS' $50,000 PUSHES
REWARD IN BABY'S SLAYING TO $100,000 June 6, 2012 { When are people going to awaken to the
reality of the uncivilized nigger? Where’s the outrage for this 1 year old baby
who unlike hoodie trayvon martin killed in self-defense (from niggers) was not
a thief and was totally innocent? The tragic outcomes for ignoring the threat
of the uncivilized niggers! }
http://albertpeia.com/blackonbrowncrime.htm
http://www.albertpeia.com/whitesvictimizedbyblacks.htm
CANNIBAL
UPDATES: CRUISED MIAMI IN 2010?
COPS:
Canadian cannibal on run in France -- dressed as woman...
CANNIBAL
CAPTURED IN BERLIN...
Arrested at
Internet cafe -- looking up stories on himself!
Shady,
Master of Disguise...
{ U.S. Cannibal Update }: Maryland cannibal ranted on
FACEBOOK...
FUGITIVE
CANNIBAL WARNED: I CAN'T STOP KILLING...
Scary
digital trail...
Gay White
Porn Star Wanted by Interpol...
CANNIBAL
STRIKES IN MARYLAND... { Yes, another black cannibal; with ties to
wobama’s home country of Kenya, Sub-Saharan Africa. }
SHOCK
DETAILS...
South Beach
Cannibal 'Put Under Voodoo Curse'... {Riiiiight! That voodoo thing
made him do it! Oh yeah, that and the evil white man’s bathing salts also the
culprit!}
VIDEO SHOWS
BIKES RIDING PAST SOUTH BEACH CANNIBAL ATTACK!
MORE GRISLY
DETAILS...
'BATH SALTS'
TRIGGERED SOUTH BEACH CANNIBAL { Riiiight! Fine young black
cannibal, driven cannabalistic by bath salts made by those evil white
overlords! How 'bout the inherent cannabilistic trait as manifested here; the
recurring theme of ‘Roots’, they’ll choose white meat over dark meat every
time! http://albertpeia.com/blackonwhitecrime.htm
VIDEO: Black
Student Becomes Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm
http://www.albertpeia.com/whitesvictimizedbyblacks.htm }
Flash Mob of
40 Kids Storm 7-ELEVEN over Free Slurpee Promotion, Beat Manager, Raid
Shelves...
REPORT:
Woman viciously beaten at MCDONALD'S drive-thru...
'This
is for you, you white b***ch! This is a grape soda!' { The description of the suspects - two black women and
one black man - is vague. The best clue police have to go on right now is they
were driving a light-blue Cadillac with temporary tags. }
HORROR: Mob
of 20 'hooded blacks' storm UK pub, drag man out, stab him to death...
Half of
Florida high school students fail reading test...
COPS:
19-year-old white student beaten by two separate black gangs...
Dershowitz:
Zimmerman acted in self-defense. so drop murder charge...
Evidence
Backs Up George Zimmerman's Version of Shooting...
Witness Told
Cops: Trayvon Straddling And Punching 'MMA Style'...
New evidence in Trayvon Martin case raises
more questions
Trayvon Martin's autopsy shows he had marijuana in his system the night he was
killed by neighborhood watch volunteer George Zimmerman, and a gunshot to his
chest came from close range, according to nearly 200 pages of previously
undisclosed documents released Thursday.
ABC News Exclusive: Zimmerman Medical Report Shows Broken Nose,
Lacerations After Trayvon Martin Shooting {That little (6’3”) thieving nigger
was enraged by his being thwarted in his scope-out/plundering of Zimmerman’s
neighborhood. Clearly self-defense with wounds consistent with his true story,
Zimmerman was fighting for his life and ultimately saved the citizens of
Florida from the future costs of the burgeoning violent, thieving typical
nigger-criminal trayvon martin.}
Previous: Holder sues Florida city, says firefight test racist [
Yeah, of course, because dumb niggers can’t read, ‘rite, or do ‘rithmetic!
They’re always too busy donning their little hoodies and scopin’ out
neighborhoods for their pillaging, plundering, and terrorizing! ]...
Black mob beats white man unconscious on his front
porch...
'Now that's justice for Trayvon' (they
shout in crazed nigger fashion)...
DERSHOWITZ BLASTS PROSECUTION: 'NOT ONLY IMMORAL, BUT
STUPID'... [ Indeed! And, make no mistake, I never would have
thought I’d be agreeing with Alan Dershowitz on anything: http://albertpeia.com/trayvonnewtawana.htm
]
BANG, BANG ‘…His
surprising testimony came the same day that ABC News exclusively obtained a
photograph showing the bloodied back of Zimmerman's head, which was apparently
taken three minutes after he
shot and killed Martin. The photo could give credence to Zimmerman's claim
that Martin had bashed his head against the concrete as Zimmerman fought for
his life…’
COPS:
Suspect angry over Trayvon Martin death beats up white man...
Obama as a
Boy Ate Dog Meat [ And, you can bet there’s canabalism in his line; his father
being an african ape nigger and his mother a flaky whore; you know, that
typical type that schtooped niggers back in the day! ]...
Obama
campaign tries to diversify...
...looking
to hire more African-Americans [ More dead-weight, contentious,
unproductive make-shift, make-work, costly welfare job niggers … just what the
nation, strike that, wobama campaign needs.]
Farrakhan
Warns Whites: 'Unless You Change, Your End Has Come'… [ They call this a
self-destructive manifestation of the Oedipal Effect: Goodbye niggers, aka
unevolved apes/chimps/monkeys – Your end’s already here! Your jigs are up, and you boos are down! Everyone’s onto your nigger jive! Look in the
mirror! If only you could change / evolve faster! ] ...
HOLDER
PRAISES FELLOW APE SHARPTON, ONE INCOMPETENT NIGGER TO ANOTHER ...
'SECOND
DEGREE MURDER'...
'We do not
prosecute by public pressure or by petition'[B***S***!]...Tyson on Zimmerman: 'It's a disgrace that man hasn't been shot
yet' [ Spoken like the true ape, dumb nigger he is! If he had been an extra
in ‘Planet of the Apes’, they could have saved money on make-up / costumes. The
reality is, if that were the criterion and rule, given the overwhelming
prevalence of black violence, particularly black on white violence, there’d be
a lot of dead niggers. Niggers are a scourge wherever they are; a black plague,
if you will. The reality is that in this nation, having been overrun by
niggers, americans have become the new age dinosaurs. As for tyson, the ugly
little monkey that no one wanted, now full-grown angry ape, his IQ is well
below the average 100. Ape tyson is just a disgrace, period. He’s a typical
ignorant, violent ape/nigger. Life with ape tyson, also a convicted rapist, was
described by his then (soon to be former) wife, Robin Givens, in a live
televised interview with him present (you can only imagine the unsaid) as
‘hell’. He’s mentally deranged (too many head shots?), but he does profess
typical nigger sentiment. (Mike
Tyson vs. Robin Givens: … biggest fight | Ebony ... Eight months after Mike Tyson and Robin Givens were married on Feb. ...
beatings -- she filed for divorce)
Panthers
Call For Violent Revolution, Race War, Bloodshed Against ‘Honkies’ (Video) Some typical comments: Reply:
April 11th, 2012 at 9:51 pm 11 percent of population and they always have thier
hands out begging for more.No matter how much you give them its never
enough.Filthy animals is all they are. (Absolutely correct!)
Dandroid Reply:
April 11th, 2012 at 5:47 pm
Show trial to keep the peace? Cities will burn if hes found not guilty!
Startover Reply:
April 12th, 2012 at 12:04 am
Let the cities burn, send the Army in to finish them off
George Zimmerman is totally innocent
Trayvon is a punk ass killer (also a known thief and would be in futuro typical
nigger criminal)
There is only one victim in this case and that is Zimmerman
Eduard Reply:
April 11th, 2012 at 7:28 pm
Precisely!! That was my thought. This press release sounded more like a minor
league actress thanking everyone at a Grammy Award for her success. Then again,
I can’t emphasize enough how despicable the “lawyer” field really is. There is
no shame in it. The profession is a giant conflict of interest. Moreover, the
rules of lawyer ethics always being pulpitted is nothing more than consumable
fodder for the gullible. Ethics and lawyers? Laughable isn’t it? That’s like
Lucifer passing out copies of the decalogue. This whole twist to the
“mestizo-reported-as-a-white man” Zimmerman case has notched into a renewed
effort of politicalization for formenting a racial war. …’ ]
Heroin
dealer uses welfare EBT card to post bail [ Yes, he’s a nigger; with unreported
cash drug income that gives him welfare as well! ] ...
New Black
Panther Party chief of staff apologizes after radio outburst...
'The
things that's about to happen, to these honkeys, these crackers, these pigs'...
Black
residents fearful after shootings in Tulsa… [ Now they know how the ‘white
folk’ feel, everywhere, every day, and the black on white violent crime stats
overwhelmingly prove the reality and legitimacy of that concern! Civilized
people everywhere are tired of the typical nigger b***s***! ]...
RACE WARS: ZIMMERMAN
BREAKS SILENCE...
Family
challenges Holder on New Black Panthers...
Hacked
roadsign reads: 'Trayvon a n*****'...
CNN says
'f****** n*****' on air...
Anchor:
'N*****' Should Replace 'N-word' in News Reports...
Government
Surveillance Crackdown On Internet Goes Into Overdrive...
Congressman
fears Obama power grab in 'emergency'...
Fidel Castro
mocks Obama over 'guayabera' diplomacy...
REPORT:
'Stunning lack of diversity' in Obama's re-election campaign [ I’d say this is
more embarrassing for the self-destructive whites who are for obama; after all,
who would be foolish enough to hire the typically uncivilized, problematic,
violence / crime prone, etc., blacks? ]
... { to be fair and balanced, the RICO litigation involves those
uncivilized who consider themselves ‘whites’ http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf
(predominantly but not exclusively jews / romans-italians / mobsters /
government slugs). }
$1 million
pizza party in Detroit -- on sterling silver plates!
WHouse
basketballs emblazoned with Obama's image...
HOODIE ON
THE HILL...
VIDEO: Dem
Rep Kicked Off House Floor... [ Typical noisy nigger in the house of bad black reps. Female members,
keep your purses close when ‘bobby bobby r’ is near; the temptation might prove
to be too much for his inner rap nigger soul man. ]
Ex-Black Panther...
Another Says Trayvon 'Hunted
Down Like Dog' [Well, if the shoe fits …
but, actually, niggers are more like apes, monkeys that only evolved to a
point… and some dog-lovers might be offended by comparing niggers to dogs. ]...
Pentagon unaware of 'secret
deal' between Obama, Kremlin ... [ Wobama’s done! Those black
niggers have stunk-up the Whitehouse for too long! http://albertpeia.com/bobobamathetraitor.htm ]
Black
Panthers offer $10,000 bounty for 'capture' of Trayvon Martin's killer … [ who
do these filthy niggers think they are? ] Take a look at this nigger who kills
a white man during robbery, without any provocation from the victim ... http://albertpeia.com/typicalblackmanonneighborhoodwatch.htm
Shooter of
Florida teen not a racist, lawyer says...
SECRET
WITNESS: Self-defense... [Witness:
Martin attacked ZimmermanUpdated: Monday, 26 Mar 2012, 2:57 PM EDT
ORLANDO - A witness we haven't heard from before paints a much different
picture than we've seen so far of what happened the night 17-year-old Trayvon
Martin was shot and killed.The night of that shooting, police say there was a
witness who saw it all.Our sister station, FOX 35 in Orlando, has spoken to
that witness.What Sanford Police investigators have in the folder, they put
together on the killing of Trayvon Martin few know about.The file now sits in
the hands of the state attorney. Now that file is just weeks away from being
opened to a grand jury.It shows more now about why police believed that night
that George Zimmerman shouldn't have gone to jail.Zimmerman called 911 and told
dispatchers he was following a teen. The dispatcher told Zimmerman not to.And
from that moment to the shooting, details are few.But one man's testimony could
be key for the police."The guy on the bottom who had a red sweater on was
yelling to me: 'help, help…and I told him to stop and I was calling 911,"
he said.Trayvon Martin was in a hoodie; Zimmerman was in red.The witness only
wanted to be identified as "John," and didn't not want to be shown on
camera.His statements to police were instrumental, because police backed up
Zimmerman's claims, saying those screams on the 911 call are those of
Zimmerman."When I got upstairs and looked down, the guy who was on top
beating up the other guy, was the one laying in the grass, and I believe he was
dead at that point," John said.Zimmerman says the shooting was self
defense. According to information released on the Sanford city website,
Zimmerman said he was going back to his SUV when he was attacked by the
teen.Sanford police say Zimmerman was bloody in his face and head, and the back
of his shirt was wet and had grass stains, indicating a struggle took place
before the shooting.’ ] Trayvon Martin shooter: Teen went for my gun
Hoodie-Wearing
niggers Kill 1, Wound 5 in Congressman's District... http://albertpeia.com/niggersinniggertown.htm [ 13 shot, 2 dead in Chicago in six hours Thursday night ]
'There were
young men scattered everywhere'... [ http://albertpeia.com/obamaslammedforsilenceonwhitestudentsmurderedbyblack.htm , http://albertpeia.com/typicalblackmanonneighborhoodwatch.htm
, http://albertpeia.com/blackonwhitecrime.htm , VIDEO: Black
Student Becomes Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm , http://www.albertpeia.com/whitesvictimizedbyblacks.htm
]
Buchanan: It's all about race
now...
NAACP
condemns nigger apeman sharpton's call for escalation in civil disobedience...
Talkradio
host calls for arrest and removal from MSNBC...
Detroit
Preacher: 'Isn't The Mood In This Nation That White People Are Better Than
Black? [ That’s not the mood, that’s reality; the plain, raw, unvarnished
truth! And, not just whites; viz., Asians, Hispanics, real American Indians, etc., and most feral beasts except dogs are
better than blacks who are at best their equals, though some dog owners/lovers
may dispute that. Niggers are a scourge on civilized society wherever they are.
Just look around, worldwide, wherever they are, in concentrations particularly;
it’s the same nigger story. That’s the way they are. That’s what they are. They
are a blight on any neighborhood. They are a blight on any society and an
insurmountable burden. They bring any society down. Some will argue, how ‘bout sports?,
to which one may reply, ie., just because you go to horse races, doesn’t mean
you want to live with horses, or, just because you have monkeys in zoos doesn’t
mean you want to live with them, etc., much less cede control and affect over
society to them. ] '
·
Trayvon Martin was suspended from school three times
in the months before he was shot dead by a neighborhood watchman, it emerged
today.
·
The facts, revealed in a leaked report, paint a
different picture of a teenager who frequently found himself in trouble with
authorities.
·
It was also revealed that he might have attacked a
bus driver, according to a Twitter account that it is claimed belonged to the
teen.
The Miami Herald claims
that in October, he was caught with a 'burglary tool' - a flathead screwdriver
- and 12 pieces of women's jewellery. Martin insisted that they did not belong
to him.
POLICE:
Black teenagers light 13-year-old on fire; 'You get what you deserve, white
boy'...
Typical n*****s! Come on! People are tired of making making up excuses
for the blacks. It’s always the same story with them, no matter where. http://www.albertpeia.com/whitesvictimizedbyblacks.htm
http://www.albertpeia.com/whitesvictimizedbyblacks.htm Drudgereport:
'Mob' beatings at WI state
fair... 'Hundreds of
young black people beating white people'... [ Typical n*****s! Good thing there are food stamps;
otherwise they’d be reverting to their inherent proclivity for canabalism (send
them back to
Black Serial/Mass/Spree Killer List:
1. Matthew
Emanuel Macon (Murdered and Raped 5 White Women in Lansing)
2. Jimmie
Reed (Murdered his wife and his 2 month old daughter and set them on fire)
3. Shelly
Brooks (Murdered 7 prostitutes in Detroit Cass Corridor)
4. Justin Blackshere
(Stabbed two white cooks at Cheli’s Chili downtown Detroit)
5. Jervon
Miguel Coleman (Murdered three people.)
6. Donell
Ramon Johnson (Murdered a mother and a daughter)
7. Brian
Ranard Davis (6 women known murdered by nigger)
8. Paul Durousseau
(Seven women)
9. Mark Goudeau “The
Baseline Killer” (Eight women and a man in 2005-2006)
10. Coral Eugene Watts
(11 women in Texas & 1 in Michigan)
11. Anthony
McKnight (Five girls and young women)
12. Derrick Todd Lee
(8 Women)
13. Charles
Lendelle Carter (4 known murders; admits to ‘hunting’ Atlantans for 15
years!)
14. The Zebra Killings
(71 White people)
15. Chester Turner
(L.A.s most prolific killer 12 women killed.)
16. Lorenzo
J. Gilyard (Kansas City, MO.—13 victims)
17. Eugene
Victor Britt (Gary, IN.–3 known murder/rapes.)
18. Reginald and
Jonathan Carr (The Wichita Massacre–6 Whites murdered)
19. Ray Joseph
Dandridge and his uncle, Ricky Gevon Gray (Richmond, VA.–Murdered 7 people
in 7 days, including an entire White family.)
20. The
Tinley Park Murderer (Suspect hasn’t been found but has been described as
black – murdered 5 women in a store.)
21. Henry Louis
Wallace (Raped and strangled 5 women to death.)
22. Charles
Johnston (Murdered 3 unarmed white men in hospital)
23. Craig Price
(Brutally murdered 3 women)
24. Harrison
Graham (Brually Murdered 3 women)
25. Charles
Lee “Cookie” Thornton (Murdered 6 Whites at the Kirkwood, MO. city council.
)
26. & 27. Darnell
Hartsfeld & Romeo Pinkerton (Abducted and Murdered 5 from a restaurant)
28 &29. John Allen Muhammad & Lee Boyd Malvo (Sniped 11 people from a
car in DC, 9 died.)
30. George Russell (3 women, WA state)
31. Timothy W. Spencer (5 killed, Arlington, VA and Richmond, VA)
32. Elton M. Jackson (12 gay men killed, Norfolk, VA area)
33. Carlton Gary (3 killed in Columbus, GA)
34. Mohammed Adam Omar (16 women, Yemen. Omar is Sudanese.)
35. Kendall Francois (8 women, Poughkeepsie, NY and surrounding areas.)
36. Terry A. Blair (8 women, Kansas City area)
37. Wayne Williams (33 many of them children!, Atlanta, GA)
38. Vaughn Greenwood (11 killed in LA)
39. Andre Crawford (10 killed in Chicago – southside)
40. Calvin Jackson (9 killed possibley more in NY)
41. Gregory Klepper (killed 8, Chicago – southside)
42. Alton Coleman (Killed 8 in the Midwest)
43. Harrison Graham (killed 7+ in N. Philadelphia)
44. Cleophus Prince (6 killed in, San Diego
45. Robert Rozier (7 killed in, Miami)
46. Maurice Byrd (killed 20 + in St. Louis)
47. Maury Travis (17 and rising, St. Louis and possibly also Atlanta)
48. Hulon Mitchell, a.k.a. Yahweh Ben Yahweh (killed 20+ in Florida)
49. Lorenzo Fayne (killed 5 children in East St. Louis, IL)
50. Paul Durousseau, (killed 6, two of which were pregnant women, Jacksonville,
FL; Georgia.)
51. Eddie Lee Mosley (killed 25 to 30 women, south Florida)
52. Henry Lee Jones (killed 4 in, south Florida; Bartlett, TN)
53. Richard “Babyface” Jameswhite (15 killed in, New York; Georgia.)
54. Donald E. Younge, Jr. (killed 4), East St. Louis, IL; Salt Lake City, UT.
55. Ivan Hill
(killed 6 in Los Angeles area).
56. Michael Vernon (Bronx, NY. Killed at least seven people – )
57. Chester Dewayne Turner (12 women killed in, Los Angeles)
ARREST MADE IN LOS ANGELES GRIM SLEEPER SERIAL KILLER CASE July
07, 2010 http://articles.cnn.com/2010-07-07/justice/grim.sleeper.arrest_1_lonnie-david-franklin-serial-killer-case-family-members?_s=PM:CRIME |By
Mallory Simon, CNN ‘Authorities in California said Wednesday they have arrested
a suspect in the Grim Sleeper serial killer case and will charge him with 10
counts of murder.Lonnie David Franklin Jr., 57, faces an additional count of
attempted murder, Capt. Kevin McClure with the Los Angeles Police Department
said.Franklin will arraigned in court Thursday morning, McClure said.The
California Attorney General's office attributed the arrest to DNA collected
from a relative of the suspect, in a controversial and rarely used practice
known as familial DNA search.’
Of
Course There Are Black Serial Killers by Lynette Holloway
on July 15, 2010 The case of the
"Grim Sleeper" inspires a second look at the popular perception that
serial killing is the province of clever white men.
Serial
Murderers' Row July 16, 2010 The
following black men are among the most prolific serial killers in U.S. history.
http://www.theroot.com/multimedia/gallery-meet-6-black-serial-killers Plus:
Behind the myth that only white men commit such crimes.
Black Serial
Killers Not So Uncommon http://www.amren.com/news/news04/03/03/blackserial.html
200 Involved
In Fights At Mall Of America After Rumors That Rappers Are There...
People have become weary of making
up excuses for blacks (like obama, holder, etc.). At some point, as now, people
should not be timid about relating the cold, unvarnished truth statistically /
factually about blacks and, ie., black
on white violent crime, etc..
From Pat Buchanan: As for
racism, its ugliest manifestation is in interracial crime, and especially
interracial crimes of violence. Is Barack Obama aware that while white
criminals choose black victims 3 percent of the time, black criminals choose
white victims 45 percent of the time? Is Barack aware that black-on-white rapes
are 100 times more common than the reverse, that black-on-white robberies were
139 times as common in the first three years of this decade as the reverse? We
have all heard ad nauseam from the Rev. Al about Tawana Brawley, the Duke rape
case and Jena. And all turned out to be hoaxes. But about the epidemic of black
assaults on whites that are real, we hear nothing.
The
reality is that blacks are an insoluble problem wherever they are. That’s not
going to ever change; not make-shift/make-work jobs; not programs; not anything
tried or to be tried; hence, they must be treated as exactly that – problems –
before a solution can be derived and fashioned. ] [ Send
the niggers, including niggerbama back to sub-saharan africa! ]
http://www.albertpeia.com/todayspage.htm
http://albertpeia.com/todaysbusinesssummarylinks.htm
http://albertpeia.com/fbimartinezcongallard.htm
http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm
http://albertpeia.com/22signsglobalrecessiondepression.htm
Compendium of Important
Business / National / World News / Topics / Articles / Headlines
http://albertpeia.com/articlelinkspage3.htm
http://albertpeia.com/archives.htm
Germany
Would Leave the Euro… Well, Germans Are Already Using Deutschemarks Again! http://albertpeia.com/germanywillleaveeuro.htm ,
Why
Are So Many Bad Things Happening To America? http://albertpeia.com/americacursed.htm
11
International Agreements That Are Nails In The Coffin Of The Petrodollar http://albertpeia.com/endofpetrodollar.htm
UBS
Issues Hyperinflation Warning For US And UK, Calls It Purely "A Fiscal
Phenomenon" ZeroHedge.com Tyler Durden
City
Of Compton Next On The Muni Bankruptcy Deck
Why
Are So Many Bad Things Happening To America? http://albertpeia.com/americacursed.htm
http://theeconomiccollapseblog.com
http://albertpeia.com/endofpetrodollar.htm
http://albertpeia.com/americacursed.htm
Drudgereport: 7-18-12 CANADIANS NOW RICHER THAN
AMERICANS (That’s pretty poor!)
Dem Effort in Congress To
Pressure Romney; Release More Tax Returns...
Harry Reid: 'We Do What We
Can to Protect the President of the United States'...
REPORT: Most members of
Congress keep their tax returns secret...
Former SEAL Team
Six Commander Launches Anti-Obama Offensive...
'IT'S A FAKE'...
Sheriff Joe's Obama probe
finds 'national security threat'...
Calls Congress to move on
eligibility...
VIDEO: 'Every document
surrounding Obama plagued with problems'...
NEXT: Compton, CA, may
declare bankruptcy...
FOXNEWS HANNITY INTERVIEWS
ZIMMERMAN... DEVELOPING...
Top Syrian defense officials
killed in suicide blast...
Russia accuses West of
inciting opposition...
STUDY: Girls As Young As 6
See Themselves As Sex Objects... { Wow! This is really quite
alarming and bespeaks america’s new-found perverse, third-world uncivilized
status, which is ‘picked up’ by kids who in some ways are smarter than given
credit for with a vulnerable longing to please, be accepted in light of their powerless
position in our ever more deteriorating society. For the record, personally,
I’ve never had a virgin though I’ve been in a position to; that’s something I
just don’t do. Never have, never wanted to, never would, never will! Moreover,
with the prevalence of sick pedophiles and kiddie-porn, it’s not so surprising
that kids might pick up on such abominable vibes. It is difficult to imagine
that little girls could be the objects of such horror as, ie., Samantha Runnion
( who was kidnapped, sexually abused and strangled by a man who lured
her from her front yard by telling her he had lost his dog. Her naked body was
found the next day by a hiker in Cleveland National Forest, 50 miles
southeast of Stanton.[1]
The autopsy
revealed that she died from compression. A sample of the kidnapper's DNA was found under her
fingernail. The suspect, a Lake Elsinore, California, man named
Alejandro Avila, was convicted of first degree murder with special
circumstances in May 2005. His DNA was found on Samantha's body, and her DNA
was found in his car. He was arrested three days after the abduction. Avila had
previously been to the condominium complex where Samantha lived, because his
ex-girlfriend resided there and he had been previously acquitted of molesting
her daughter and niece. On May 16, 2005, the jury recommended he receive the
death penalty. On July 22, 2005, Avila was formally sentenced to death. He is
incarcerated at San Quentin State Prison on death row
). As an aside, I’ve included the following for the record as well: Though I’ve
had many consensual sexual liasons with many different female sexual partners
all of whom I liked, I’ve never, ever resorted to prostitutes. The accidental
exceptions included two ‘call girls’; one having met at summer beach town bar
matinee and who was ‘not working’ (as it turned out the reason being she was at
the end of her menstrual cycle). The other at a grocery store with her daughter
which made such in my mind, unlikely. As it turned out, both were
‘nymphomaniacs’ (which, truth be told, made for quite an exceptional sexual
romp) and I simplistically inferred/surmised without dwelling on the subject
that they probably expected they’d have inordinate amounts of sex anyway and
might as well get paid for it – of course I didn’t nor was I asked to. The
other incident I’m including here for the record concerned an absolutely
beautiful (blonde hair, blue eyes, pretty, cute, perfectly built/proportioned –
make no mistake, however, I like brunettes also) girl I met at a bar called
‘the Red Ranch’, later changed to ‘Harpoon Willy’s’. At closing, we immediately
became amorous, near intimate to a point in my car with abrupt ‘resistance’ at
the ‘crucial moments’. When I finally, ‘exasperated’, asked ‘what’s up’, she
stated she had recently broken up with her boyfriend who had gone too far in
the ‘sado-masochistic’ ritual behavior they were, and she still was into. I
told her I wasn’t into it (I don’t
connect sex with sado-masochism); never would, never did, never will. We talked
for quite some time and she explained her ‘predisposition’ the (her perceived)
consequence of her strict, puritanical upbringing and feelings of guilt
concomitant with sexual activity requiring coincident punishment/pain when so
engaged. I was busy with law school evenings, work, and teaching at a local
college part-time and parted ways without taking her number and never did see
her again. } { Previously, for the
record: Yes...it's absolutely, unequivocally true that blacks
are inherently uncivilized and in evolutionary terms, only evolved to a point (
http://albertpeia.com/anthroindex1.htm ). They
are themselves racist, intolerant, hypocritical [ UPDATE: MORE CLAIMS OF RACE BIAS AT HOLDER
JUSTICE DEPARTMENT... (WP)
‘ignore cases that involve
black defendants and white victims ' ],
and prone to violence as with any feral animal. Moreover, I must admit that I
find their simian look repulsive; and, even before totally realizing the
foregoing reality owing to self-destructive egalitarian propaganda, never did
and never would know a black female in the biblical sense (despite their
‘intrusively easy availability’, in my view a form of bestiality - not a matter
of skin color inasmuch as I have ‘known biblically’ red-Indian, brown-Hispanic,
yellow-Oriental women). Wobama the b for b***s*** is a typical, jive-talking
'n-word' and consequently as well, an abject failure as president. I was
fortunate to have no blacks whatsoever in my schools (schooling) through high
school. }
7-17-12 The
Federal Reserve Is Not Going To Save Us From The Great Depression That Is
Coming http://albertpeia.com/fedcantwontsaveusfromgreatdepression.htm , The
New Depression: The Breakdown of the Paper Money Economy, The End of the Bernanke Put is Here http://albertpeia.com/endofbernankeput.htm For well over a year, even after Ben
Bernanke admitted that the consequences of QE outweighed the benefits , Dave’s Daily: http://www.etfdigest.com
BULLS ASSUME QE3 WILL
HAPPEN 7-17-12
“We have
reached a profound point in economic history where the truth is unpalatable to
the political class – and that truth is that the scale and magnitude of the
problem is larger than their ability to respond – and it terrifies them.” Hugh
Hendry
“Given the
political realities, the Fed is the only game in town that can do anything to
bolster the economy.” Senator Schumer
http://albertpeia.com/fedcantwontsaveusfromgreatdepression.htm
http://albertpeia.com/endofbernankeput.htm
7-17-12
VIVA: OBAMA
DECLARES TEXAS 'BATTLEGROUND STATE' -- SOON...
Star of
Pro-Obama Super PAC Ad Unloads: 'Obama Is a Jerk, a Pantywaist, a Lightweight,
a Blowhard'... The star of a pro-Obama super PAC ad is speaking out
against ... President Barack Obama."I could really care less about
Obama," Donnie Box says of President Obama, according to In These Times.
"I think Obama is a jerk, a pantywaist, a lightweight, a blowhard. He
hasn't done a goddamn thing that he said he would do. When he had a Democratic
Senate and Democratic Congress, he didn't do a damn thing. He doesn't have the
guts to say what’s on his mind."Box, In
These Times reports, won't be voting for Obama. Here's the
pro-Obama, anti-Bain Capital ad Box appeared in: …’
Obamas have
up to $450K in companies that ship jobs overseas...
UPDATE: Chevy
Volt Makes NO Money, Costs Taxpayers Hundreds of Thousands of Dollars Per
Car...
CA cities
eye plan to seize mortgages...
Broke San
Bernardino can't pick up garbage anymore...
Chicago
suburb's water contaminated with vinyl chloride...
Slow
progress predicted for unemployment...
Dems beg
Bernanke for more easing before election...
DR. GLOOM
CNBC: How Close Are We to New Great
Depression? { Already there! }
CREDIT
RATING AGENCIES TO FALL UNDER GOV'T OVERSIGHT { Fake your ratings or else says
extortionist, pervasively corrupt, defacto bankrupt america! } ...
3-Year-Old
Mugged in NYC...
3-year-old
boy mugged -- while sitting in stroller!
Thieves
Stripping Air Conditioning Units For Freon To Get High...
HORROR:
Naked, Blood-Soaked Man Breaks Into 2 Homes, Kills Elderly Woman... { http://albertpeia.com/anothertypicalblack.htm Do americans feel they deserve such a fate at
the hands of the uncivilized wobama blacks
}
COPS: Woman
Kept Friend's Corpse In Armchair For 18 Months, Watched NASCAR With It...
'He
Was Only Guy Who Was Ever Nice To Me'...
These
12 Hellholes Are Examples Of What The Rest Of America Will Look Like Soon http://albertpeia.com/12hellholesvisionofamericasfuture.htm , Criminal
Inquiry Shifts To JPMorgan's Mispricing Of Hundreds Of Billions In CDS: Is
Dimon The Next Diamond?
ZeroHedge.com Tyler Durden
7-16-12 , It's
Different This Time: The Scariest Equity Market Chart Around , Senate
Throws The Book At HSBC Accusing It Of Massive "Money Laundering And
Terrorist Financing", No Comment On NAR Money Laundering Yet Just because there is already an overflow of
confidence in the financial system, here comes the Senate's Permanent
Subcommittee On Investigations with a 340 page report detailing how HSBC
"exposed the U.S. financial system to a wide array of money laundering,
drug trafficking, and terrorist financing risks due to poor anti-money laundering
(AML) controls." Of course, since HSBC is one of the world's largest
banks, what it did was not in any way unique, and it is quite fair to say that
every other bank has the same loose anti-money "laundering"
provisions. What HSBC was likely most at fault for was not providing sufficient
hush money to the appropriate powers in the highest
[Drug
war hypocrisy: drug trafficking’s big money benefits Big Brother and corrupt
banksters PF Louis | The hypocrisy of the war on drugs is centers on
the amount of drug trafficking that benefits the CIA and international banking
system. Natural
News February 1, 2012 [ http://albertpeia.com/americangovernmentdrugtrafficking.htm http://albertpeia.com/americascorruptiondrugtrade.htm http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm
http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm
] ‘The hypocrisy of the war on drugs is
outrageous when compared to the amount of drug trafficking that benefits the
CIA and international banking system. The son of a convicted notorious mobster,
John Gotti Jr, when asked in court if the family still dealt drugs cracked,
“No, we can’t compete with the government.”Today in
SHOCK:
Justice Dept. will not prosecute Holder for contempt of Congress...
[ Justice Department shields Holder from prosecution after
contempt vote FoxNews.com | The
Justice Department moved Friday to shield Attorney General Eric Holder from
prosecution after the House voted to hold him in contempt of Congress. DOJ
Says It Won't Prosecute DOJ Head Holder
How should we say this: we are shocked, shocked, that the
DOJ won't prosecute itself. BREAKING: DOJ says it won't prosecute Attorney General Holder after
the GOP-led House voted to hold him in criminal contempt of Congress – Fox see also, http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm House could arrest Holder with inherent contempt power The Washington
Times | The thought is shocking, and conjures up a
Hollywood-ready standoff scene between House police and the FBI agents. { Eh, what the heck…you can let that go…they’re
hoodied blacks, not white like Nixon, etc…; and, be sure to hold on to your
wallets, purses everyone ‘cause there’s black folk in the capital! }
FLASHBACK
NYT: Roberts drugs 'can have troubling side effects, mental slowing and
forgetfulness'... { Wow! Who woulda thunk it, known it! I
certainly didn’t know of roberts’ condition. And, yes, the effects of said
drugs are significant, serious as set forth above and over time particularly,
debilitating. Roberts should step down, not that the u.s. supreme court is some
font of reason, sound judgment, and wisdom, even lawfulness. Indeed, quite the
contrary is true: http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm }
Sorry Bulls, The Fed
Will Not Engage in More QE. Http://albertpeia.com/nomoreqe.htm
The
Largest Natural Disaster In U.S. History: The Endless Drought Of 2012 Will Bake
America Well Into August http://albertpeia.com/bakedamerica.htm
25
Signs That America Is A Seething Cesspool Of Filth And Corruption http://albertpeia.com/25signsamericacesspooloffilthcrimeandcorruption.htm , http://albertpeia.com/debtcrisisdestroysamerica.htm , Chimps
Throwing Poop And 29 Other Mind Blowing Ways That The Government Is Wasting
Your Money http://albertpeia.com/whydochimpslikeobamasthrowpoop29waysgovernmentwastesmoney.htm , Failed Wobama model
illustrated: 16 Reasons To Move Away From California http://albertpeia.com/16reasonstomoveawayfromcalifornia.htm , No
Housing Recovery Until 2020 In 5 Simple Charts
http://albertpeia.com/nohousingrecoveryuntil2020in5charts.htm
Durden , The
Mother Of All Infographics: Visualizing America's Derivatives Universe http://albertpeia.com/usderivatives221trillionof707trillionglobal.htm
, , What
Do California And Detroit Have In Common? http://albertpeia.com/californiadetroitdeclineincommon.htm
http://albertpeia.com/12hellholesvisionofamericasfuture.htm
Submitted by Tyler Durden on
07/16/2012
Just because there is already an overflow of
confidence in the financial system, here comes the Senate's Permanent
Subcommittee On Investigations with a 340 page report detailing how HSBC
"exposed the U.S. financial system to a wide array of money laundering,
drug trafficking, and terrorist financing risks due to poor anti-money
laundering (AML) controls." Of course, since HSBC is one of the world's
largest banks, what it did was not in any way unique, and it is quite fair to
say that every other bank has the same loose anti-money "laundering"
provisions. What HSBC was likely most at fault for was not providing sufficient
hush money to the appropriate powers in the highest US legislative
administration. But at least tomorrow we will have yet another dog and pony
show, accusing that HSBC did what the NAR does every single day. Because let's not forget that the National
Association of Realtors lobbied for and received a waiver for anti-money
laundering provision regulations: after all how else will
US real estate remain at its current elevated levels if not for the drug,
blood, and fraud money from various Russian, Chinese, and petrodollar kingpins,
mafia bosses and otherwise rich people who need to launder their money in the
US, in the process keeping Manhattan real estate in the stratosphere? But one
can't possibly pursue the real truth if it just may impair the fair value of
that backbone of honest, hard-working US society: still massively overpriced
housing in a world in which those who need mortgages will never get them.
[Drug
war hypocrisy: drug trafficking’s big money benefits Big Brother and corrupt
banksters PF Louis | The hypocrisy of the war on drugs is centers on
the amount of drug trafficking that benefits the CIA and international banking
system. Natural
News February 1, 2012 [ http://albertpeia.com/americangovernmentdrugtrafficking.htm http://albertpeia.com/americascorruptiondrugtrade.htm http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm
http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm
]
7-16-12
Obama Goes
Wild: 'If you've got a business, you didn't build that. Somebody else made that
happen'... { Riiiiight! That ‘minority owned business’ incentive
for government contracts, bloated/padded for non-performance and electoral
considerations…’the minority view’ on the ebt, strike that, the bet network.
Say anything, wobama the b for b***s*** who suffers at the least from the
psychological disorder of psychogenic/dissociative amnesia. How totally
preposterous and pathetic at once! Wow! That ‘choom’ did wonders for wobama’s
understanding of business! Riiiiight ….they’ll beat a path to your door…to make
that business happen! This guy’s a totally dysfunctional joker who’s failed by
every measurable standard except increased deficits to obfuscate his
unequivocal failure! Other than the ‘choom/drug’ business, what business does
wobama really know? }
Campaign
Holding Fundraisers in Switzerland, Sweden, France -- China?
Egyptians
pelt ‘Hearts and Minds Victor’ Hillary Clinton motorcade with tomatoes...
'Monica,
Monica' chants taunt...
They throw
shoes...
CNBC: How
Close Are We to New Great Depression? { Already there! }
CREDIT
RATING AGENCIES TO FALL UNDER GOV'T OVERSIGHT { Fake your ratings or else says
extortionist, pervasively corrupt, defacto bankrupt america! } ...
3-Year-Old
Mugged in NYC...
3-year-old
boy mugged -- while sitting in stroller!
Thieves
Stripping Air Conditioning Units For Freon To Get High...
HORROR:
Naked, Blood-Soaked Man Breaks Into 2 Homes, Kills Elderly Woman... { http://albertpeia.com/anothertypicalblack.htm Do americans feel they deserve such a fate at
the hands of the uncivilized wobama blacks
}
COPS: Woman
Kept Friend's Corpse In Armchair For 18 Months, Watched NASCAR With It...
'He
Was Only Guy Who Was Ever Nice To Me'...
27
Things That Every American Should Know About The National Debt http://albertpeia.com/27thingsamericansshouldknowaboutnationaldebt.htm
Submitted
by Tyler
Durden on 07/13/2012
"I
have committed fraud.
For this I feel constant and intense guilt...
The forgeries started nearly twenty years
ago...
Should
I go out of business or cheat...
I
guess my ego was too
big to admit failure..."
Submitted
by Tyler
Durden on 07/13/2012
UPDATE: Suicide
note details added:
While
unable to successfully kill himself, it appears the CEO of PFGBest is even less
successful at evading the police. As just reported,
What
is probably more concerning to him now is the fact that he was not a Presidential bundler - as the Big House is definitely calling...
Obama: Biggest mistake too much perspiration, not enough
inspiration [What total b***s***!] {
Biggest mistake: too much b***s***, not enough substance; that’s reality, not
spin! } White House on weak jobs report: Don’t ‘read too much’ into it Olivier
Knox, Yahoo! News { Riiiiight!
Sounds like a plan! After all, wobama’s gotten’ by on b***s*** and ‘special
consideration’ alone, never having done anything of substance in his entire
life. Indeed, even his so-called ‘auto-biographies’ are works of what appear to
be ‘choom-gang’ induced fantasies which reveal a psychogenic/dissociative
amnesia that works well in the continuing ‘narrative’ devoid of fact on his
‘more b*** s*** campaign trail’ littered with the cowpies of stark reality.
People owe themselves and their children more than this grifter’s con which in
numbers measures more than the increased deficits of all the presidents since
President General Eisenhower combined to obfuscate his unequivocal failure. http://albertpeia.com/10waysobamakillingjobsinamerica.htm
} Obama Asks People Getting
Married To Forgo Gifts...
Donate To His
Campaign Instead... [ Wobama is so pathetic! Sure, sacrifice for the
grifter wobamas so they can continue livin’ large on the taxpayer dime while
accomplishing nothing except greater public debt to hide his failure. This from
the record holder for fundraisers, 151 and counting. Then there’s the 100 plus
rounds of golf in addition to being famously over-vacationed while in office.
It’s laughable to hear him blame congress for his lack of accomplishments when
the reality is that he ‘really wasn’t there’ for any of it. For wobama the
presidency is just endless debate, rhetoric, campaigning, vacationing,
soundbites from the teleprompted speeches, jive-talk, b***s***, and ‘choom
fantasy’. He’s a total fraud and failure and anyone who buys into election-year
desperation / promises, etc., is just a fool of the worst kind! AP: ‘…THE FACTS: Five Senate Democrats voted against
sending the DREAM Act to the Senate floor for full consideration. The bill
would have created a path to citizenship for many young illegal immigrants
brought to the United States as children. Last week, Obama announced plans to
stop deporting illegal immigrants who would have qualified for the DREAM Act.
The policy change does not include a path to citizenship…’ Then there’s the other meretricious ‘wobama
desperation hail mary’ that once again falls short. Indeed, as an investor, one
analyzes earnings, projects prospective earnings over a 3-5 year horizon, and
the quality of the earnings along macro economic factors which are affected by
‘political considerations’. Does anyone remember the honorable Ross Perot who
warned of NAFTA’s effect on american jobs even as the democrat administration et
als were hell-bent on passing same? Should Romney have breached his legal duty
to shareholders and invested in companies with poor earnings prospects? After
all, in the financial / security analysis step of projecting the income
statement, prospective labor costs figure prominently in the bottomline. In
sum, Romney took conditions as he found them, and made the prudent choices
which as per his legal duty were optimal for those who put their trust in him.
For those who put their trust in proven failure wobama, all they have to show
for such misplaced trust are broken campaign promises, now insurmountable
record deficit spending exceeding all the presidents since Eisenhower combined
to obfuscate what clearly has been wobama’s unequivocal failure. ]
Will accept your birthday or
anniversary gifts, too...
IF IT WAS ONLY ONE THING ABOUT WOBAMA THAT
MAKES HIM SO WRONG. YET, IT’S A MULTITUDE OF REALITIES; FROM INVARIABLY BROKEN CAMPAIGN
PROMISES (Roche
'The worst part of it ...Obama, who
vowed change, has done almost nothing to fix any of it and in fact continues
most of the policies that helped get us here in the first place’ ‘INSIDE JOB’ Ferguson
wins Oscar for Documentary on the unprosecuted massive extant fraud in the
(many) TRILLIONS by the frauds on wall street ( and declares with oscar in hand
that not one high level wall street exec has been prosecuted … despite
‘earning’ billions from the fraud ) Cases against Wall Street lag despite
Holder’s vows to target financial fraud WP
Obama has promised to hold Wall Street accountable for the meltdown. ‘THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv , etc.) , TO
VERY REAL BIRTH ISSUES (WHAT PERSON FAILS TO GET THEIR PLACE OF BIRTH CORRECT –
THE FRAUDULENT WOBAMA KIND http://albertpeia.com/wasntbornintheusa.htm http://albertpeia.com/obp.jpg http://albertpeia.com/impeachobama.htm ) , TO THE CURRENT
OBFUSCATING FRAUD, Obama's Five
Trillion Dollar Lie http://albertpeia.com/obamas5trilliondollarlie.htm { the
economy is already in depression in real
terms when taking into account real inflation numbers. Financial
Crisis Phase II Is Ahead at Forbes Bert Dohmen ‘ In late 2007, I wrote the book Prelude To Meltdown, predicting
the global crisis that occurred the following year. I now see a similar
confluence of events .. “the new recession has started.”… Over the past 33
years, we have called the start of every recession..Currently, the GDP deflator
is 1.8%, which hardly reflects the true rise in prices. Therefore, what is
counted as “growth,” is actually price increases. Actual inflation..is now more
than 11%. Using that to adjust GDP for inflation, would show that the economy
is now in a very sharp contraction…’ } , WOBAMA ET ALS’
DISINGENUOUS ATTACKS AGAINST ROMNEY ON WHAT WAS PRIZED AND LAUDED AS LEGAL,
COMPETENT MANAGEMENT INCREASING SHAREHOLDER WEALTH (THE TASK OF COMPETENT
MANAGEMENT) IN THOSE BLOATED, NON-COMPETITIVE TIMES CONTRASTED WITH WOBAMA’S UNPRECEDENTED
FURTHER BANKRUPTING OF THE NATION AND INDISPUTABLE FAILURE AS PRESIDENT (Obama's
Legacy: A Failed Recovery & Double-Dip Recession Forbes / Mariotti ‘…There will be no significant recovery
in the United States of America while Barack Obama is President. The
evidence is overwhelming: everything Obama has tried to fuel a recovery
(with his Democratic allies in Congress) has failed. Statistics claiming
jobs saved by the stimulus package were mostly fiction, and cost American
taxpayers about $275,000 each. Nearly 2-1/2 million fewer Americans have
jobs than before the stimulus. Barack Obama has been President for 30
months—2-1/2 years. He spent the first year obsessed with passing Obamacare, a
program that doesn’t create jobs, but might destroy a lot of them. He
“bailed out” GM, but many believe that his interference didn’t save GM; it
merely cost taxpayers an extra $15-20 billion, and stole from legitimate
investors to buy off the UAW. His broken campaign promises are too
numerous to list…’). IT IS NOTHING SHORT OF TRAGEDY TO
SEE PEOPLE DELUDE AND MAKE FOOLS OF THEMSELVES IN SUPPORT OF JIVE-TALKING
GRIFTER/CON-MAN OBAMA. GOOD BYE FORMER FAILED PRESIDENT WOBAMA … GOOD RIDDANCE!
http://albertpeia.com/12factorsamericancitieshellholes.htm
Obama: 'We get Virginia, we win' { Well there you go….it’s now a one state
Presidential race, winner take all…Wow!...The scary thing is that wobama seems
to believe his own b***s***, even when he knows same to be false; as, ie.,
Dreams, etc.. Another choom gang fantasy? He really insults people’s
intelligence. I personally believe, and strong case can be made, that wobama,
like fellow chitown pol
http://albertpeia.com/27thingsamericansshouldknowaboutnationaldebt.htm
Drudgereport:
7-13-12 Romney Demands Obama
Apology...
Says president 'reckless and
absurd'...
'Beneath Dignity Of His
Office'...
'It's disgusting. It's
demeaning'... { And, let me
add, it’s indicative of total desperation on the part of wobama who has but a
record of failure to run on; hence, the diversionary, disingenuous tactics to
obfuscate his failure by diverting attention therefrom. People will see through
the wobama subterfuge. }
GALLUP: OBAMA VS ROMNEY DEAD
HEAT...
http://albertpeia.com/twobullmythsnowmoot.htm
http://albertpeia.com/obamacareandsterilizingamericanwomen.htm
7-12-12 SHOCK: STOCKS '50% LOWER' WITHOUT FED PUMPING...
POLL: Supreme Court Approval
Lowest on Record...
Oscar-winning producer to
take on Obama's 'imperial presidency' in documentary...
Carney sneers at reporter
asking about college records...
Americans Will Work Over 7
Months to Pay for Govt Spending in '12...
Santa Monica extends smoking
ban to apartments, condos...
Some California cities 'may
cease to exist'...
San Bernardino -- Third
California City to Go Bankrupt..
FACEBOOK monitors chats for
suspicious activity, reports users to police...
MOODY'S downgrades Italy
debt...
FLASH:
Rep. Jesse Jackson Jr. 'in Rehab'...
'Persistent
sleep disorder'...
Has
Been Under investigation by House Ethics Committee...
NYT:
His Father's Son...
Chicago
police sergeant: 'Tribal warfare' on streets...
Comparable to Iraq, Afghanistan...
WAR
DRUMS: USA moving dozens of underwater craft to Persian Gulf...
TOURISM
PLEA TO GODFATHER: Violent crime wave must be defused...
Algorithms
now 'writing' articles for newspapers and websites...
SALES TAX IN SPAIN JUMPS TO 21%
{ That’ll work! }
Jon
Voight defends Brad Pitt's mom after death threats for anti-Obama letter...
UPDATE:
Closure of Border Patrol stations across 4 states triggers alarm...
REPORT:
People losing homes for as little as $400 in back taxes...
NAACP
Requires Photo ID to See Holder Speak in State Being Sued Over Voter ID
(they’re such b***s***/hypocrites)?
GODFATHER
UNDER FIRE AS MURDER RATE SOARS...
Chicago
Mayor Appeals to Gangsters' 'Values'...
'Don't touch the children'...
RADIO STATION
REPORTS REP. JESSE JACKSON, JR 'ATTEMPTED SUICIDE'...
Questions
mount...
NAACP goes wild for
Eric Holder...
'O:
This Will Be My Last Political Campaign No Matter What'...
GALLUP:
APPROVE SLIPS TO 44%...
POLL:
US CHANGED FOR THE WORSE UNDER OBAMA ...
Boehner:
Voters Need Not 'Love' Romney...
Man
Who Introduced Obama At Rally Owes $500,000 To Former Employer...
'We
sort of ran out of money'...
Obama
campaign threatens donors: 'We could lose if this continues'...
Obama
uses 'I' and 'me' 117 times in speech...
'Delirious'
Blood-Covered Naked Man Selling Candy Kills Motel Worker In Violent Rampage...
Man
holds knife to 3-year-old's face, threatened to cut out tongue...
Kudlow:
Obama’s Goose Is Cooked...
Obama's
Social Security Number challenged...
'American
story' faces fresh scrutiny... { ‘By some counts, The Story
presents more than three-dozen instances of material discrepancy where Dreams
fails to align with the facts as Maraniss reports them. Case in point: Maraniss
confirmed that Mr. Obama's mother, Ann Dunham, left his father, Barack Obama,
Sr., a volatile bigamist, and not the other way around, as related in Dreams.
Dreams also related the tale of Obama's paternal grandfather, Hussein Onyango,
who was said to have been detained and tortured in a prison outside Nairobi for
six months because of his brave defiance of British colonialists. But after a
half-dozen interviews and other research, Maraniss deemed the tale
"unlikely." }
19
Warnings About A Coming Global Financial Catastrophe http://albertpeia.com/19warningsofglobalcatastrophe.htm , Dave’s Daily: http://www.etfdigest.com
TWO-WAY ACTION AS FED MINUTES
RELEASED 7-11- 12
http://albertpeia.com/19warningsofglobalcatastrophe.htm
http://albertpeia.com/4reasonsforlessoptimism.htm
7-11-12 Some
California cities 'may cease to exist'...
San
Bernardino -- Third California City to Go Bankrupt..
POLL: President Sinks to Historic Lows Among Blue-Collar
MEN....
REPORT:
Pelosi made up to $5 million on Asian investments in 2011 (and don’t forget
feinstein’s blum who did even better)...
Investors
get lowest-ever Treasury yields...
Fed
Officials Weigh More 'Stimulus'...
Warn
of looming crisis...
FLASH:
Rep. Jesse Jackson Jr. 'in Rehab'...
'Persistent
sleep disorder'...
Has
Been Under investigation by House Ethics Committee...
NYT:
His Father's Son...
Chicago
police sergeant: 'Tribal warfare' on streets...
Comparable to Iraq, Afghanistan...
WAR
DRUMS: USA moving dozens of underwater craft to Persian Gulf...
TOURISM
PLEA TO GODFATHER: Violent crime wave must be defused...
Algorithms
now 'writing' articles for newspapers and websites...
SALES TAX IN SPAIN JUMPS TO 21% { That’ll work!
}
Jon
Voight defends Brad Pitt's mom after death threats for anti-Obama letter...
UPDATE:
Closure of Border Patrol stations across 4 states triggers alarm...
REPORT:
People losing homes for as little as $400 in back taxes...
NAACP
Requires Photo ID to See Holder Speak in State Being Sued Over Voter ID
(they’re such b***s***/hypocrites)?
GODFATHER
UNDER FIRE AS MURDER RATE SOARS...
Chicago
Mayor Appeals to Gangsters' 'Values'...
'Don't touch the children'...
RADIO STATION
REPORTS REP. JESSE JACKSON, JR 'ATTEMPTED SUICIDE'...
Questions
mount...
NAACP goes wild for
Eric Holder...
'O:
This Will Be My Last Political Campaign No Matter What'...
GALLUP:
APPROVE SLIPS TO 44%...
POLL:
US CHANGED FOR THE WORSE UNDER OBAMA ...
Boehner:
Voters Need Not 'Love' Romney...
Man
Who Introduced Obama At Rally Owes $500,000 To Former Employer...
'We
sort of ran out of money'...
Obama
campaign threatens donors: 'We could lose if this continues'...
Obama
uses 'I' and 'me' 117 times in speech...
'Delirious'
Blood-Covered Naked Man Selling Candy Kills Motel Worker In Violent Rampage...
Man
holds knife to 3-year-old's face, threatened to cut out tongue...
Kudlow:
Obama’s Goose Is Cooked...
Obama's
Social Security Number challenged...
'American
story' faces fresh scrutiny... { ‘By some counts, The Story
presents more than three-dozen instances of material discrepancy where Dreams
fails to align with the facts as Maraniss reports them. Case in point: Maraniss
confirmed that Mr. Obama's mother, Ann Dunham, left his father, Barack Obama,
Sr., a volatile bigamist, and not the other way around, as related in Dreams.
Dreams also related the tale of Obama's paternal grandfather, Hussein
Onyango, who was said to have been detained and tortured in a prison outside
Nairobi for six months because of his brave defiance of British colonialists.
But after a half-dozen interviews and other research, Maraniss deemed the tale
"unlikely." }
L.A. KINGS'
$50,000 PUSHES REWARD IN BABY'S SLAYING TO $100,000 June 6,
2012 { When are people going to
awaken to the reality of the uncivilized nigger? Where’s the outrage for this 1
year old baby who unlike hoodie trayvon martin killed in self-defense (from
niggers) was not a thief and was totally innocent? The tragic outcomes for
ignoring the threat of the uncivilized niggers!
}
http://albertpeia.com/blackonbrowncrime.htm
http://www.albertpeia.com/whitesvictimizedbyblacks.htm
http://albertpeia.com/euinrecessionusrecessionchinachinakissmyhina.htm
http://albertpeia.com/corndyingoveramerica.htm
7-10-12 DNC
Chair Invested in Swiss Banks, Foreign Drug Companies, Bank of India...
Wasserman
Schultz: 'It Would Be Nice If We Had Candidate for President Who Was Committed
To America'...
GODFATHER
UNDER FIRE AS MURDER RATE SOARS...
Chicago
Mayor Appeals to Gangsters' 'Values'...
'Don't touch the children'...
RADIO STATION
REPORTS REP. JESSE JACKSON, JR 'ATTEMPTED SUICIDE'...
Questions
mount...
NAACP goes wild for
Eric Holder...
'O:
This Will Be My Last Political Campaign No Matter What'...
GALLUP:
APPROVE SLIPS TO 44%...
POLL:
US CHANGED FOR THE WORSE UNDER OBAMA ...
Boehner:
Voters Need Not 'Love' Romney...
Man
Who Introduced Obama At Rally Owes $500,000 To Former Employer...
'We
sort of ran out of money'...
Obama
campaign threatens donors: 'We could lose if this continues'...
Obama
uses 'I' and 'me' 117 times in speech...
'Delirious'
Blood-Covered Naked Man Selling Candy Kills Motel Worker In Violent Rampage...
Man
holds knife to 3-year-old's face, threatened to cut out tongue...
Kudlow:
Obama’s Goose Is Cooked...
Obama's
Social Security Number challenged...
'American
story' faces fresh scrutiny... { ‘By some counts, The Story
presents more than three-dozen instances of material discrepancy where Dreams
fails to align with the facts as Maraniss reports them. Case in point: Maraniss
confirmed that Mr. Obama's mother, Ann Dunham, left his father, Barack Obama,
Sr., a volatile bigamist, and not the other way around, as related in Dreams.
Dreams also related the tale of Obama's paternal grandfather, Hussein
Onyango, who was said to have been detained and tortured in a prison outside
Nairobi for six months because of his brave defiance of British colonialists.
But after a half-dozen interviews and other research, Maraniss deemed the tale
"unlikely." ‘ }
7-9-12 DOOM Roubini: My 'Perfect Storm'
Scenario Is Unfolding NOW...
CADDELL:
Taxes and Trust - The Achilles Heels of Obama...
Maryland's Rich
Flee State...
83%
OF DOCTORS 'HAVE CONSIDERED QUITTING' OVER OBAMACARE
Broke
Scranton, PA cuts all employees to minimum wage!
Bankrupt
Alabama county asks for second look at lawyer fees...
PUTIN:
WEST IS ON DECLINE...
Defends
support for Syrian regime...
POLL:
US CHANGED FOR THE WORSE UNDER OBAMA ...
Boehner:
Voters Need Not 'Love' Romney...
Man
Who Introduced Obama At Rally Owes $500,000 To Former Employer...
'We
sort of ran out of money'...
Obama
campaign threatens donors: 'We could lose if this continues'...
Obama
uses 'I' and 'me' 117 times in speech...
'Delirious'
Blood-Covered Naked Man Selling Candy Kills Motel Worker In Violent Rampage...
Man
holds knife to 3-year-old's face, threatened to cut out tongue...
Kudlow:
Obama’s Goose Is Cooked...
Obama's
Social Security Number challenged...
'American
story' faces fresh scrutiny... { ‘By some counts, The Story
presents more than three-dozen instances of material discrepancy where Dreams
fails to align with the facts as Maraniss reports them. Case in point: Maraniss
confirmed that Mr. Obama's mother, Ann Dunham, left his father, Barack Obama,
Sr., a volatile bigamist, and not the other way around, as related in Dreams.
Dreams also related the tale of Obama's paternal grandfather, Hussein
Onyango, who was said to have been detained and tortured in a prison outside
Nairobi for six months because of his brave defiance of British colonialists.
But after a half-dozen interviews and other research, Maraniss deemed the tale
"unlikely." Read more: http://www.foxnews.com/politics/2012/07/04/obama-american-story-faces-fresh-scrutiny/#ixzz1zmwWPuJ5 ‘ }
http://albertpeia.com/10waysobamakillingjobsinamerica.htm
Obama administration repeats same jobs line — for the 30th
month
http://albertpeia.com/neverenoughjobsinamericaagain.htm
http://albertpeia.com/10waysobamakillingjobsinamerica.htm
July 5, 2012 By gpc1981 http://albertpeia.com/germanywillbailoneuro.htm
http://albertpeia.com/neverenoughjobsinamericaagain.htm
http://albertpeia.com/10waysobamakillingjobsinamerica.htm
7-6-12 O NO: UNEMPLOYMENT STUCK AT 8.2%...
'STEP
IN THE RIGHT DIRECTION'...
Just
80,000 jobs added in June...
85,000
WENT ON DISABILITY!
Unemployment
rate for blacks jumps to 14.4% (Actually, that’s much too low and 100%
unemployment/imprisonment/deportation would be optimal for
productivity/civilized behavior/minimal violent crime)...
780,000
Fewer Women Employed Under Obama...
Romney:
'It Doesn't Have To Be This Way'...
Team
Obama predicted 5.6% today with stimulus...
Broke California OKs funding for high-speed rail line...
Bush
spend Fourth in Zambia, opening health clinic, visiting orphanage { The perfect
place for dumbya bush; little ‘blackface’ and he’d fit right in! } ...
Ohio
restaurant owner dies hours after Obama visit { Kind of like the nation as a
whole; see wobama and die! } ...
Obama's
Social Security Number challenged...
'American
story' faces fresh scrutiny... { ‘By some counts, The Story
presents more than three-dozen instances of material discrepancy where Dreams
fails to align with the facts as Maraniss reports them. Case in point: Maraniss
confirmed that Mr. Obama's mother, Ann Dunham, left his father, Barack Obama,
Sr., a volatile bigamist, and not the other way around, as related in Dreams.
Dreams also related the tale of Obama's paternal grandfather, Hussein
Onyango, who was said to have been detained and tortured in a prison outside
Nairobi for six months because of his brave defiance of British colonialists.
But after a half-dozen interviews and other research, Maraniss deemed the tale
"unlikely." Read more: http://www.foxnews.com/politics/2012/07/04/obama-american-story-faces-fresh-scrutiny/#ixzz1zmwWPuJ5 ‘ }
Ann Romney says woman being
eyed for ticket...
Obama's whole campaign
strategy is 'let's kill this guy' ( That’s no exaggeration, the predisposition
of blacks toward whites; and, wobama can’t run on his record of failure in
which he’s lied and failed! ) ...
POLL: In 15 swing states,
Romney leads Obama 51% to 43%...
Romney accuses Obama of
'vicious lies' on BAIN CAPITAL...
'THE LAW I PASSED IS HERE TO
STAY' { Wobama must be back on his choom pipe fantisizin’ again! }
LAND OF THE FREE: San Diego man stranded after
told on 'no-fly' list...
Midwest ranchers, lawmakers
protest drone flyovers...
TWITTER shares info on gov't
demands for user data...
ACLU Launches Smartphone App
To Secretly Record Police Stops...
'Homeland Security' Report
Lists 'Liberty Lovers' As Terrorists...
Cannibal Updates: Boy bitten on neck by man in
'vampire' attack...
VIDEO: Man high on synthetic
'spice' goes on naked 'ninja' rampage...
'ZOMBIE CANNIBAL': 'I'm a eat
you'...
SCORN ON THE 4TH OF JULY:
Chris Rock Mocks 'Happy White Peoples Independence Day'...
TOP BLACK CHURCH BACKS
HOLDER, BLASTS HOUSE...
Severed head thought to belong
to Canadian cannibal's butchered lover found in park...
Pregnant woman bites off
boyfriend's fingertip...
RECORD
NUMBERS OF AMERICANS ON DISABILITY
NOW Mammoth Lakes files for
bankruptcy!
Rep. Allen West:
Obama Wants Americans To 'Be His Slave'...
CHICAGOLAND: 7-Year-Old Girl
Gunned Down While Selling Lemonade Outside Home...
MCCONNELL: 'Sold to American
people on a deception'...
CURL: Gift to Romney... {
This may seem somewhat counterintuitive and a bit of a rationalization; but, it
is absolutely true. So true in fact, that wobama will come to be compared to
Pyrrhus of Ephyrus (W. Greece) since realization of what this legislation won’t
do for americans and the economy and what it actually does will not have the
galvanizing effect that striking the bill down would have had on voters who
were thinking ‘another free lunch from the government’ will save them (we all
now know better, no such thing). Yes, in somewhat European tradition, defacto
bankrupt america is keeping up with the (ie., rating agencies Egan) Joneses.
After all, we all know how well this European program model is working out for
Europe (and any other nation that’s tried it). In the final analysis, this and
such programs as the contraindicated bailouts for the unprosecuted frauds on
wall street, etc., will prove to be the ‘camel-back breaking’ moment for
america; and, a pyrrhic victory for the egregiously failed president
wobama. America’s
debt woe is worse than Greece’s News (CNN) — ‘Our government is
utterly broke. There are signs everywhere one looks…The government’s total
indebtedness is $211 trillion’ … }
HISTORIC: HOUSE VOTES HOLDER
IN CONTEMPT...
DEM HOODIED BLACKS PLUS WALK
OFF FLOOR...
Pelosi botches name of slain
border agent...
Adult Chimpanzee Fatally
Mauls Baby Chimp at LA Zoo...
ZIMMERMAN PASSED POLICE LIE
DETECTOR...
REPORT...
Syringes litter NYC beach...
ZOMBIE: Man who took
synthetic drug strangles dog, starts eating it...
POLL: Obama drops 8 points
with whites...
... 13-point plunge among
young voters
Obama Asks People Getting
Married To Forgo Gifts...
Donate To His
Campaign Instead... { Wobama is so pathetic! Sure, sacrifice for the
grifter wobamas so they can continue livin’ large on the taxpayer dime while
accomplishing nothing except greater public debt to hide his failure. This from
the record holder for fundraisers, 151 and counting. Then there’s the 100 plus
rounds of golf in addition to being famously over-vacationed while in office.
It’s laughable to hear him blame congress for his lack of accomplishments when
the reality is that he ‘really wasn’t there’ for any of it. For wobama the
presidency is just endless debate, rhetoric, campaigning, vacationing,
soundbites from the teleprompted speeches, jive-talk, b***s***, and ‘choom
fantasy’. He’s a total fraud and failure and anyone who buys into election-year
desperation / promises, etc., is just a fool of the worst kind! AP: ‘…THE FACTS: Five Senate Democrats voted against
sending the DREAM Act to the Senate floor for full consideration. The bill
would have created a path to citizenship for many young illegal immigrants
brought to the United States as children. Last week, Obama announced plans to
stop deporting illegal immigrants who would have qualified for the DREAM Act. The
policy change does not include a path to citizenship…’ Then there’s the other meretricious ‘wobama
desperation hail mary’ that once again falls short. Indeed, as an investor, one
analyzes earnings, projects prospective earnings over a 3-5 year horizon, and
the quality of the earnings along macro economic factors which are affected by
‘political considerations’. Does anyone remember the honorable Ross Perot who
warned of NAFTA’s effect on american jobs even as the democrat administration
et als were hell-bent on passing same? Should Romney have breached his legal
duty to shareholders and invested in companies with poor earnings prospects?
After all, in the financial / security analysis step of projecting the income
statement, prospective labor costs figure prominently in the bottomline. In
sum, Romney took conditions as he found them, and made the prudent choices
which as per his legal duty were optimal for those who put their trust in him.
For those who put their trust in proven failure wobama, all they have to show
for such misplaced trust are broken campaign promises, now insurmountable
record deficit spending exceeding all the presidents since Eisenhower combined
to obfuscate what clearly has been wobama’s unequivocal failure. }
Will accept your birthday or
anniversary gifts, too...
VIDEO: Obama Trips At Campaign
Event In Tampa...
ZOMBIE: Naked man bites off
chunk of arm...
PAPER: Obama's grandfather
tortured by the British? A fantasy (like most of the President's own memoir)...
{ http://albertpeia.com/wobamaschoomgangfantasy.htm }
JAILHOUSE
CALLS: Zimmerman told wife to buy bulletproof vest...
WAR
ZONE: 7 Killed, Dozens Wounded During Obama Visit to Chicago...
More
killed this year than in Afghanistan...
Bill
Maher: 'The Problem With Racism Is Matt Drudge'... { Oh riiiiight!
Drudge is the racist for reporting facts/reality concerning black on every
color crime along with black threats. What can you expect from maher who is an
null sum embarrassment/disgrace who like the italian scallion had married (and
I believe is now divorced from) a black (he like booby deniro need
rationalization)? } Here’s some reality for maher who doesn’t mahter:
U.S. Cannibal Updates:
Doctors release first photos of Miami cannibal victim...
**WARNING: Extremely
graphic** [ See here: http://albertpeia.com/blackcannibalswhitevicitm.htm ]
U.S. CANNIBAL UPDATES:
'Zombie Bullets' In High
Demand Following Cannibal Attacks...
COPS: Attacker bit off large
chunk of victim's face in bloody assault...
UPDATE: SOUTH BEACH CANNIBAL
WAS CARRYING BIBLE, HAD RECENTLY SMOKED POT...
NEW: Man Threatens To Eat
Cop...
'Growled,
opened and closed his jaw'...
Woman bites wig shop owner’s
bicep, spits flesh in face...
L.A. KINGS' $50,000 PUSHES
REWARD IN BABY'S SLAYING TO $100,000 June 6, 2012 { When are people going to awaken to the
reality of the uncivilized nigger? Where’s the outrage for this 1 year old baby
who unlike hoodie trayvon martin killed in self-defense (from niggers) was not
a thief and was totally innocent? The tragic outcomes for ignoring the threat
of the uncivilized niggers! }
http://albertpeia.com/blackonbrowncrime.htm
http://www.albertpeia.com/whitesvictimizedbyblacks.htm
The Biggest
Financial Scandal In History? http://albertpeia.com/anotherbiggestfinancialscandal.htm ‘We always knew
that the financial markets were rigged, but this is getting ridiculous.
It is now being alleged that 20 major banks have been systematically fixing
global interest rates for years. Barclays has already been fined hundreds of millions of
dollars for manipulating Libor (the London Inter Bank Offered Rate).
But Barclays says that a whole bunch of other banks were doing this too. This
is shaping up to be the biggest financial scandal in history, and criminal
investigations have been launched on both sides of the Atlantic. What
those investigations are likely to uncover could shake the financial markets to
their very core. In the end, this scandal could absolutely devastate
confidence in the global financial system and it could potentially bring down a
number of major global banks. We have never seen anything quite like this
before.
What Is Libor?
As
mentioned before, Libor is the London Inter Bank Offered Rate. A recent Washington Post article
contained a pretty good explanation of what that means....
In
the simplest terms, LIBOR is the average interest rate which banks in London
are charging each other for borrowing. It’s calculated by Thomson Reuters
— the parent company of the Reuters news agency — for the British
Banking Association (BBA), a trade association of banks and financial services
companies.
Why Does Libor Matter?
If
you have a mortgage, a car loan or a credit card, then there is a very good
chance that Libor has affected your personal finances. Libor has been a
factor in the pricing of hundreds of trillions of dollars of loans, securities
and assets. The following is from a recent article by Maureen Farrell....
These
traders influenced the pricing of the London Interbank Offered Rate or Libor, a
benchmark that dictates the pricing of up to $800 trillion of securities (yes
trillion)…’
http://albertpeia.com/anotherbiggestfinancialscandal.htm
http://albertpeia.com/70reasonstomournforamerica.htm
7-5-12 POLL:
In 15 swing states, Romney leads Obama 51% to 43%...
Romney
accuses Obama of 'vicious lies' on BAIN CAPITAL...
13,000
Pages of Regulations for New ObamaTaxes Drafted...
JINDAL:
Way paved for 'tofu' tax...
Romney And Obama Supporters Clash
at July 4th Parade...
Obama's
Social Security Number challenged...
'American
story' faces fresh scrutiny... { ‘By some counts, The Story
presents more than three-dozen instances of material discrepancy where Dreams
fails to align with the facts as Maraniss reports them. Case in point: Maraniss
confirmed that Mr. Obama's mother, Ann Dunham, left his father, Barack Obama,
Sr., a volatile bigamist, and not the other way around, as related in Dreams.
Dreams also related the tale of Obama's paternal grandfather, Hussein
Onyango, who was said to have been detained and tortured in a prison outside
Nairobi for six months because of his brave defiance of British colonialists.
But after a half-dozen interviews and other research, Maraniss deemed the tale
"unlikely." Read more: http://www.foxnews.com/politics/2012/07/04/obama-american-story-faces-fresh-scrutiny/#ixzz1zmwWPuJ5 ‘ }
Ann Romney says woman being
eyed for ticket...
Obama's whole campaign
strategy is 'let's kill this guy' ( That’s no exaggeration, the predisposition
of blacks toward whites; and, wobama can’t run on his record of failure in
which he’s lied and failed! ) ...
POLL: In 15 swing states,
Romney leads Obama 51% to 43%...
Romney accuses Obama of
'vicious lies' on BAIN CAPITAL...
'THE LAW I PASSED IS HERE TO
STAY' { Wobama must be back on his choom pipe fantisizin’ again! }
The
Great Crash Ahead with Author Harry Dent 7-3-12
http://endoftheamericandream.com
http://albertpeia.com/freakishamericangeneticmonsters.htm
Drudgereport: 7-3-12 POLL: In 15 swing states,
Romney leads Obama 51% to 43%...
Romney accuses Obama of
'vicious lies' on BAIN CAPITAL...
Greece to present debt
inspectors 'alarming' data...
France Faces Major Test as It Enters 'Danger Zone'...
Cyprus starts bailout talks
with EU, IMF...
Ex-President Sarkozy's home,
offices raided by police...
Cannibal Updates: VIDEO: Man high on synthetic
'spice' goes on naked 'ninja' rampage...
'ZOMBIE CANNIBAL': 'I'm a eat
you'...
Severed head thought to
belong to Canadian cannibal's butchered lover found in park...
Pregnant woman bites off
boyfriend's fingertip...
Murdoch Dissatisfied With "Weak" Romney, Allies Say http://albertpeia.com/senilepenalmurdoch.htm { Yeah; murdoch prefers the ‘tougher’ gay
choom gang banger wobama alternative. More cream pies in his face cries the
senile old media meister. Yeah; the majority of the electorate think just like
billionaire murdoch. Let’s not kid ourselves…murdoch’s totally gone…even the
wisdom of his company’s breakup/split into two companies is being seriously
questioned. …’ Murdoch wrote on Twitter.
"Tough O Chicago pols ( Aah! Riiiiight! Just what the country needs;
crime, corruption, cook county politics, capone/chicago style , hudson
county/jersey city/newark,n.j. style, etc.; … Even LA’s substantially better
than that; and, make no mistake, as ‘wobama country’ LA’s pretty bad, etc.)
…will be hard to beat unless he drops old friends from team and hires some real
pros’… First reality: He could hire some real pros without dropping old
friends… even americans will prove smart enough and not sufficiently
self-destructive enough and will not embrace proven failure, viz., given the
magnitude of wobama’s failure and the unaffordable, insurmountable expense of
obfuscation: ‘…those who put their trust in proven failure
wobama, all they have to show for such misplaced trust are broken campaign
promises, now insurmountable record deficit spending exceeding all the
presidents since Eisenhower combined to obfuscate what clearly has been
wobama’s unequivocal failure...’ ( The
Real Obama Budget Deficit For 2011: 5 Trillion Dollars http://albertpeia.com/2011realobamabudgetdeficit5trillion.htm http://albertpeia.com/34shockingfactsofusdebt.htm ) America’s
debt woe is worse than Greece’s(CNN)‘Our government is utterly broke…The
government’s total indebtedness is $211 trillion’ … )
Obama Asks People Getting
Married To Forgo Gifts...
Donate To His
Campaign Instead... [ Wobama is so pathetic! Sure, sacrifice for the
grifter wobamas so they can continue livin’ large on the taxpayer dime while
accomplishing nothing except greater public debt to hide his failure. This from
the record holder for fundraisers, 151 and counting. Then there’s the 100 plus
rounds of golf in addition to being famously over-vacationed while in office.
It’s laughable to hear him blame congress for his lack of accomplishments when
the reality is that he ‘really wasn’t there’ for any of it. For wobama the presidency
is just endless debate, rhetoric, campaigning, vacationing, soundbites from the
teleprompted speeches, jive-talk, b***s***, and ‘choom fantasy’. He’s a total
fraud/failure and anyone who buys into election-year desperation, etc., is just
a fool ! .. ]
Will accept your birthday or
anniversary gifts, too...
}
CURL: Gift to Romney... {
This may seem somewhat counterintuitive and a bit of a rationalization; but, it
is absolutely true. So true in fact, that wobama will come to be compared to
Pyrrhus of Ephyrus (W. Greece) since realization of what this legislation won’t
do for americans and the economy and what it actually does will not have the
galvanizing effect that striking the bill down would have had on voters who
were thinking ‘another free lunch from the government’ will save them (we all
now know better, no such thing). Yes, in somewhat European tradition, defacto
bankrupt america is keeping up with the (ie., rating agencies Egan) Joneses.. a
pyrrhic victory for the egregiously failed president wobama. }
{ In sum, though
comfortably familiar to aussie murdoch, himself the product of penal colony
progeny in what has now become tantamount to a global penal colony with inmates
running the institution/asylum, rupee the poopee is less comfortable with
fact/reality of his global irrelevance... }
The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed! Train Reading: The Stock Market Is
(Criminally) Insane The Wall Street Journal , [ECRI Stays with
Recession Call New American http://albertpeia.com/ecricallsrecession.htm , Computers
on Wall Street are Buying and Selling to Themselves { Churnin’ and earnin’ http://albertpeia.com/churninandearnin.htm 6-29-12 Suckers’ short covering plus high
frequency algo rally into the close to keep suckers sucked in for month,
quarter, half window dressing (manipulated stock prices, oh my! Realize that
these fraudulently induced commissions come OUT of the real macro economy which
has been a major problem for quite some time!) } - As per Dave (Dave’s Daily: http://www.etfdigest.com
‘.. There were grandiose
statements, promises and more importantly, details to be worked out. The latter
will wait since bullish algos only move on headlines and not pesky
details..’ ‘6-28-12 … But a late day
rally on
an old Bloomberg story that Italy and Spain might get some short-term help
launched algo buy programs late...’) 7-2-12
Global
Growth Outlook Weakens , Big
Banks Have Criminally Conspired Since 2005 to Rig $800 Trillion Dollar Market
George Washington 07/01/2012 … But Receive Only a Light Slap on the Wrist , 77%
of JP Morgan’s Net Income Comes from Government Subsidies JP Morgan Sucks at the Government Teat , Sorry
Folks, Spain Isn’t “Saved” And The Next Leg Down is Coming Soon / The Exact Moment Greece
Will Leave the Euro gpc1981
http://albertpeia.com/greeceyspainpain.htm , Chief
Justice John Roberts Bowed To Political Pressure And Changed His Vote On
Obamacare http://albertpeia.com/nolegalsystem.htm { The unfortunate reality is what I’ve
alluded to in the context of my own direct experience; viz., america’s ‘legal
system’ is an illegal system used to cover-up crimes, arbitrarily enforce laws
to apply pressure, etc., and essentially run by the inmates of this collective
criminal entity called america: http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm } , Houston, We
Have Contraction , China's
Landing Getting Harder As Stimulus Fails To Prime Pump , As
US Closes June With $15,856,367,214,324.44 In Federal Debt, US Debt/GDP Hits
Post WWII High Of 101.5% , 15
Reasons Why The Obamacare Decision Is A Mind Blowing Disaster For America http://albertpeia.com/15reasonsobamacareisadisaster.htm , 17
Reasons To Be EXTREMELY Concerned About The Second Half Of 2012 http://17reasonssecondhalfworse.htm , 22
Statistics That Prove That The American Dream Is Being Systematically Destroyed http://albertpeia.com/americandreamdestroyed.htm Where
Does Money Come From? The Giant Federal Reserve Scam That Most Americans Do Not
Understand http://albertpeia.com/federalreservescam.htm , The EU
Has Already Broken Up… They Just Haven’t Formalized Yet http://albertpeia.com/eualreadybrokenup.htm , http://albertpeia.com/totaleconomiccollapseseptoct.htm , Egan
Jones Downgrades Germany From AA- To A+
, "Bankruptcy
Only Choice Left" As Stockton Set To Become Largest US City Chapter 9 , Deutsche
Bank Hides The Hopium: "The Next Recession Should Start By The End Of
August" , Richmond
Fed Plunges; Consumers Underconfident For The Fourth Month In A Row , Art
Cashin Warns: "Beware The Ides Of September" ( Suckers’ algo rally into the close off
lows; great opportunity to sell/take profits! Much worse to come! ) Dave’s Daily: http://www.etfdigest.com
http://etfdigest.com/commentary.html
BANKS RALLY ON DOWNGRADES 6-22-12 ‘It would appear the rating agencies are
either “leading from behind” or just don’t have much respect these days after
they botched the mortgage crisis’ { As
an aside, I thought Rodney Dangerfield was absolutely hilarious in that great
comedy classic, ‘Caddyshack’ and I’m glad Dave used his image here http://albertpeia.com/dangerfieldindeed.jpg }. , The
USD Trap Is Closing: Dollar Exclusion Zone Crosses The Pacific As Brazil Signs
China Currency Swap When the US
Dollar is ultimately dethroned as the world's reserve currency (and finally
gets rid of all those ridiculous three letter post-Keynesian economic
"theories") nobody will have seen it coming. Well, nobody except for
the following headlines: ""World's
Second (China) And Third Largest (Japan) Economies To Bypass Dollar, Engage In
Direct Currency Trade", "China,
Russia Drop Dollar In Bilateral Trade", "China
And Iran To Bypass Dollar, Plan Oil Barter System", "India and Japan sign new
$15bn currency swap agreement", "Iran,
Russia Replace Dollar With Rial, Ruble in Trade, Fars Says", "India
Joins Asian Dollar Exclusion Zone, Will Transact With Iran In Rupees."
And while the expansion of the "dollar exclusion zone"
was actually quite glaring to anyone who dared to look, one thing was obvious:
it was confined to Asia. No more courtesy of the following FT headline: "Brazil
and China agree currency swap." More: "Brazil has
provided a vote of confidence in China’s efforts to promote the renminbi as a reserve currency by becoming the biggest economy
yet to agree a swap deal with Beijing. Brazil and China
announced the R$60bn (US$29bn) local currency swap after a bilateral meeting
between Wen Jiabao, the Chinese premier, and Dilma Rousseff, Brazil’s
president, on the sidelines of the Rio+20 environmental summit in Rio de
Janeiro." , The
Economic Collapse Is Not A Single Event
http://albertpeia.com/economiccollapsenotsingleevent.htm , The
Spanish Bailout Explained With One Image
Zerohedge.com http://albertpeia.com/suicidegun.jpg , AMERICA’S
FAILED ECONOMIC APPROACH IN A NUTSHELL (image courtesy of Dave Fry http://etfdigest.com ) : http://albertpeia.com/insanity.jpg Well done, Dave! , America’s debt woe is worse than Greece’s
News (CNN) — ‘Our
government is utterly broke. There are signs everywhere one looks…The
government’s total indebtedness is $211 trillion’ … Suckers’
rally into the close off lows to keep the fraud rollin’ as in previous session,
Dave Fry/Dave’s Daily: Timing is Everything vs.
Seductive Hype { Yes, Dave; indeed that’s true, timing is everything,
certainly in stock market investing. And, REMEMBER: ONLY
A FEW DAYS LEFT TO SELL IN MAY AND GO AWAY ! IF YOU HAVEN’T SOLD BY JUNE YOU ARE A LUNE! Great opportunity to sell into this
short-covering / HFT algo-driven rally into the close to window dress the bad
news / bad fundamentals scenario; because, there are no bargains on fraudulent
wall street. Dave’s Daily: http://www.etfdigest.com ‘…After
being down nearly 200 points markets turned around late as the infamous 2:15 PM
Buy Program Express kicked-in (a few minutes late) and stocks rallied sharply
off lows as another short squeeze began…’
}, , Rajoy:
Pain in Spain to deepen despite bank rescue AP , Farage
On The Spanish Bailout: "A Reinforcement Of Failure" http://albertpeia.com/reinforcementoffailure.htm , Dave’s Daily: http://www.etfdigest.com MARKETS RETHINK SPAIN AND ITALY 6-11-12 {Contrasted to prior trading day
folly/fraud} MARKETS RALLY ON
LIGHT VOLUME 6-8-12 ‘Markets started the day off weakly then rallied late
because…wait for it, Spain is rumored to be willing to ask for help, and Obama
said European leaders face an “urgent need to act”. No, you can’t make this
kind of stuff up. His statement is about as effective as a Kofi Annan Syrian
peace plan. Search as I may, there seems to be little hard news to explain Friday’s
rally…’ { This
all too familiar foolishness/fraud on wall street so inconsonant with reality
presents again a great opportunity to sell / take profits! },
6-7-12 Think about the preposterousness of yesterday’s 286 point pop on
the DOW based on b***s***, contraindicated hopes for QE, etc., Previous day:
6-6-12 The ultimate suckers’ rally on hopes for contraindicated QE which has
clearly NOT WORKED for all except the frauds on wall street enriched thereby at
everyone else’s expense (higher gas prices, costs, etc.) and to keep suckers
sucked in; this is a huge opportunity to sell/take profits. Reality from Dallas
Fed’s Fisher, “And there is a growing sense that we
are unwittingly, or worse, deliberately, monetizing the wayward ways of
Congress. I believe that were we to go down the path to further accommodation
at his juncture, we would not simply be pushing on a string but would be viewed
as an accomplice to the mischief that has become synonymous with Washington.”as
per Dave who’s all over this travesty: Dave’s Daily: http://www.etfdigest.com BIG WEDNESDAY SHORT SQUEEZE 6-6-12 ‘There
wasn’t much in the way of “hard news” to account for Wednesday’s large stock
market rally beyond oversold conditions. The ECB left interest rates unchanged.
Germany did mumble something about helping Spanish banks in some undefined
manner. And, in a show of defiance or cluelessness, France
cut the retirement age to 60.The U.S. Productivity & Cost report was
negative (-.9% vs. -.8% expected & prior -.5%). Some bulls spun this as
showing employers would be willing to hire more. That seemed a stretch. Other
bulls spun it to mean more QE certainly.The Fed’s Beige Book report released
this afternoon reflects old data from the spring which as most know showed
growth as moderate…’ , Morgan
Stanley Sees QE3 Rally Lasting Hours Not Weeks Zerohedge.com Tyler Durden
, Form
Worst To First - S&P Has Best Day Of 2012 Shortly After Worst , On
Capital Markets, Confidence Tricks, And Criminals , US
factory goods orders -0.6% in Apr, well below market expectations of +0.3% vs
big negative revision for Mar from -1.5% to -2.1%; inventories unch. , Big
factory orders miss on top of last week’s grim jobs data sends some of those in
the record dollar long position heading toward the exit. , 21
Signs That This Could Be A Long, Hot, Crazy Summer For The Global Financial
System http://albertpeia.com/21signsbadsummerforglobalfinancialsystem.htm , The EU’s Systemic
Risk: Why This Time IS Different http://albertpeia.com/eusystemicrisk.htm
, Dave’s Daily: http://www.etfdigest.com FORCING THE FED’S HAND 6-4-12 ‘Trading desks
and hedge funds may just keep driving equity prices lower until the Bernanke
led Fed responds with the QE3 they want…’
, The
Bad Jobs Report Is Just A Very Small Taste Of The Nightmare That Is Coming http://albertpeia.com/badjobsreportsmalltasteofcomingnightmare.htm
, "The
End Game: 2012 And 2013 Will Usher In The End" - The Scariest Presentation
Ever? http://albertpeia.com/endgamecollapse.htm ,
Biderman:
"Everyone Is Now A Seller Of US Stocks" ZeroHedge.com Submitted by Tyler
Durden on 05/31/2012 http://albertpeia.com/everyonenowasellerofusstocks.htm , Albert
Edwards Has Some Words Of Discouragement: Welcome To S&P 500 Hell "Expect
the S&P500 to decline decisively below its March 2009, 666 intraday low. All hope will be crushed."
http://albertpeia.com/sp500todeclinebelow666.htm , Guest
Post: Uncle Sam Admits Monitoring You For These 377 Words http://albertpeia.com/usdhsadmitsmonitoringyouforthese377words.htm , Dave’s Daily: http://www.etfdigest.com 5-29-12 MARKETS RISE ON STIMULUS HOPES ‘…the
ultimate Ponzi Scheme…‘ , ALGOS FEAST ON RUMORS 5-24-12 ‘The overall news continues to be
dreadful…’ http://albertpeia.com/dave.htm , The
Real Obama Budget Deficit For 2011: 5 Trillion Dollars http://albertpeia.com/2011realobamabudgetdeficit5trillion.htm
{ Related: 34
Shocking Facts About U.S. Debt That Should Set America On Fire With Anger http://albertpeia.com/34shockingfactsofusdebt.htm } , Greece
Could Implode the Second Bailout and the EU by Mid-June http://albertpeia.com/greecesecondbailouteuimplosion.htm , Eurobonds:
The Issue That Could Shatter Europe http://albertpeia.com/eushatteringeubonds.htm
, As
Reality Recedes, Rumor Rampage Returns
, Biderman
On Bad Data And China's Recession
, On The
Predictability Of European Lies
, HP to lay off about 27,000, profit slides 31 percent , http://albertpeia.com/obamas5trilliondollarlie.htm , http://albertpeia.com/fedecbcantstopcomingcrash.htm
, http://albertpeia.com/bankrunsspainitalyeuropeanarchy.htm
, JPMorgan
Estimates Immediate Losses From Greek Exit Could Reach 400 Billion ZeroHedge.com Durden
, Are
They Insane? 58 Percent Of Americans Believe Economic Conditions In The United
States Will Be Good A Year From Now http://albertpeia.com/insanelyoptimistic.htm , If
You Live In California Things Just Got A Whole Lot Worse http://albertpeia.com/hopelesscluelesscalifornia.htm Failed Wobama model illustrated: 16
Reasons To Move Away From California http://albertpeia.com/16reasonstomoveawayfromcalifornia.htm , Why
Is The Obama Administration Allowing The Chinese Government To Buy Up U.S. Oil
And Gas Deposits Worth Billions Of Dollars?
http://albertpeia.com/chinabuyingamerican.htm , Merkel
is Backed Into a Corner… Commit Political Suicide or Bail on the Euro? May 13, 2012 By gpc1981 http://albertpeia.com/merkelpolsuicideorbailoneuro.htm , State
Election Defeat Seen as Disaster for Merkel
(WSJblogs) , Greece Can
No Longer Delay Euro Zone Exit It’s Going to Get
Harder for Merkel (Der Spiegel) J.P.
Morgan has significant credit portfolio loss May 10th, 2012 by News Breaking…………“Shares of J.P. Morgan
Chase & Co. JPM -5.89% dropped after the bank said in a regulatory filing
late Thursday it had “significant” mark-to-market losses in its synthetic
credit portfolio. Shares fell 4.5% to $38.87 in after-hours activity. In a
Securities and Exchange Commission filing, the bank said its synthetic credit
portfolio had proved to be riskier and more volatile than expected.”MarketWatch
MK comment: Sound
familiar? Think Bear Stearns, early 2008. , J.P. Morgan Reveals 'London Whale'-Size Losses , Surprising JPMorgan loss hits stock market late NEW
YORK (Reuters) - Stock index futures fell sharply on Thursday evening as
JPMorgan Chase & Co stunned investors with news that its chief investment
office had incurred "significant mark-to-market losses... , Marc Faber Sees A 1987-Like Crash Approaching www.zerohedge.com Durden, "Europe
Has Started The Endgame" And Biderman Says "The US Is Next" , Greece's
Jobless Soar By 42% As Unemployment Rises To Record, Industrial Collapse
Accelerates , Dave’s Daily: http://www.etfdigest.com STOCKS ATTEMPT TO RALLY 5-10-12 ‘In overseas
news, China’s exports were only 4.9% vs 8.5% expected (I guess that qualifies
as a miss). China is also rumored to be intervening to support the euro (or,
defending their position) which should explain why the currency hasn’t fallen
further. In England, the Central Bank head Merwyn King has (gasp!) halted bond
buying (QE) due to the combination of inflation and recession—yes, commonly
known as stagflation. In the U.S. Jobless Claims (367K vs 366K expected &
prior adjusted higher to 368K) allowed for a bullish headline as usual http://albertpeia.com/wobamaexecorderforoneworldgovernment.htm , http://albertpeia.com/militarypensiondebacle.htm
, http://albertpeia.com/nyteconomistkrugmanwrong.htm
, Dave’s Daily: http://www.etfdigest.com .. After
hitting some support levels markets rallied sharply into the close led by
(ahem) the reliable 2:15 PM Buy Program Express. Five
Reasons For Caution In US Equities ZeroHedge.com
http://albertpeia.com/5reasonsforcautioninusequities.htm
[ As astutely pointed out by Dave, ‘Michigan Consumer
Sentiment Report (76.4 vs 75.8 expected and prior 75.7) which is weighted more
heavily by stock market prices than Consumer Confidence’, this thusly is the
ultimate ‘bootstrap’ for these bubble stock prices. ] 95
Percent Of The Jobs Lost During The Recession Were Middle Class Jobs http://albertpeia.com/95percentofjobslostmiddleclass.htm , New
study: High U.S. debt levels could mean a quarter century of weak growth
(The American Enterprise Institute) [ That’s optimistic; and towards the end
there at best! Remember: Decades at Best! ] , Total US Debt
Soars To 101.5% Of GDP Durden
on 05/01/2012 , Dallas
Fed: Why We Must End TBTF Now! Suckers’ rally - schtooping for apples – This is an
especially great opportunity to sell / take profits! Corporate insiders are
sell like there’s no tomorrow http://albertpeia.com/22redflagsofdoomforglobalfinancialmarkets.htm
– REMEMBER: SELL IN MAY AND GO AWAY! , STOCKS RALLY DESPITE BAD NEWS: Here's What
You Need To Know Business Insider, Failed Wobama model illustrated: 16
Reasons To Move Away From California http://albertpeia.com/16reasonstomoveawayfromcalifornia.htm , 4-11-12 GARY SHILLING: PROFITS WILL PLUMMET AND STOCKS WILL PLUNGE 43% By Mamta Badkar | Business
Insider 4-17-12 Dave’s Daily: http://www.etfdigest.com BULLS
HAVE GREAT EXPECTATIONS { Which means GREAT OPPORTUNITY TO SELL/TAKE PROFITS
with much worse to come! } 4-17-12 ‘There was little news to account for any
rally on this Turnaround Tuesday given poor Industrial Production and lower
than expected Housing Starts. But, bulls are looking ahead to earnings which
have been much lowered and engineered to beat expectations … There could also
be some fresh money to funds as investors beat the tax deadline. That money
gets invested quickly.IBM just announced earnings that missed top line revenue
estimates and stock falls. Intel (INTC) beats lowered estimates but stock is
lower in after-hours trading…’ http://albertpeia.com/shillingsaysstockswillplunge43percent.htm
, 4-12-12 Hope for economically contraindicated wall street welfare rallies
stocks on really bad news, much of which bad news here as in Europe, the direct
consequence of failed, contraindicated, costly wall street welfare (QE’s, ZIRP,
etc.) that everyone’s paying for now and in the future (bad economics,
inflation, etc.)! Dave’s Daily: http://www.etfdigest.com BAD NEWS
BULLS 4-12-12 ‘Let’s see, Jobless Claims were terrible by recent comparisons
and recorded a large miss (380K vs 355K expect and prior revised higher as
usual to 367K). Some analysts blamed Easter for the rise which seems odd
frankly. Plenty of rumors were planted that China’s GDP growth (released
Friday) would be better than expected and yields in the eurozone were lower on
talk of more ECB buying…’ , 4-2-12 ‘Massive
Wealth Destruction’ Is About to Hit Investors: Faber http://albertpeia.com/massivewealthdestructionabouttohit.htm
, RICHARD
RUSSELL: A Massive Stock Market Collapse Will Wipe Out 60 Years Of Inflation
And Leveraging Business Insider , http://albertpeia.com/22signsglobalrecessiondepression.htm
, The 15 Trillion Dollar
Party http://albertpeia.com/bankruptamericadestroyingthefuture.htm { WALL STREET IS
SO FRAUDULENTLY BEYOND THE PALE; FOR THERE IS NO QUESTION BUT THAT THEY BELONG
IN JAIL! } , Both
The Market and Government Are Irrational Paul Craig Roberts | One of the
great economic myths is that markets are rational. Not a day passes without
this myth being disproved scores of times, but the myth persists. [ 4-10-12
Don’t buy their ‘buy the dip’ b***s***, still a great opportunity to sell/take
profits since Rosenberg
Ruminates On Six Roadblocks For Stocks Durden
‘On this basis, the market as a whole is
OVERPRICED BY MORE
THAN 20%.’ { http://albertpeia.com/rosenbergsaysmarketovervaluedmorethan20percent.htm } , The
Shocking Truth About Unemployment In America In One Chart http://albertpeia.com/shockingtruthofunemploymentinamerica.htm , Bob
Janjuah: S&P At 800, Dow/Gold Ratio Will Hit 1 Before Next Real Bull Cycle
Durden , 3-30,29,28,-12
Familiar theme of suckers’ rally off lows to keep suckers sucked in and window
dress another fraudulent quarter at national expense for wall street welfare.
3-26-12 As was so last pre-crash, particularly this election year of
desperation, bernanke resorts to his ‘jaw-boning’ (another dog who made news
called this ‘baffling them with b***s***’); yet, it’s fraudulent wall street that
conditions ‘all’ to believe the easy money / over-printed created Weimar
dollars, a clear negative (you’re paying for the wall street welfare; ie, gas,
food, etc., prices { Financial
Crisis Phase II Is Ahead at Forbes Bert
Dohmen ‘ In late
2007, I wrote the book Prelude To Meltdown, predicting
the global crisis that occurred the following year. I now see a similar
confluence of events .. “the new recession has started.”… Over the past 33
years, we have called the start of every recession..Currently, the GDP deflator
is 1.8%, which hardly reflects the true rise in prices. Therefore, what is
counted as “growth,” is actually price increases. Actual inflation..is now more
than 11%. Using that to adjust GDP for inflation, would show that the economy
is now in a very sharp contraction…’ } rallies those pieces of paper/computer entries via HFT algos
programmed to go wild with such talk, making this a great opportunity to sell,
take profits while you can, much worse to come! http://albertpeia.com/10reasonsdollarreservecurrencyending.htm
, I’ve Never
Seen a Confluence of Negative Factors Like This 3-24-12 http://gainspainscapital.com , DAVE FRY IS RIGHT ON THE MONEY HERE! Dave’s Daily: http://www.etfdigest.com BERNANKE IN ABC MODE ON ABC 3-27-12 ‘Sure,
it’s one of my favorite movie scenes and I couldn’t resist it. The Fed is in
full campaign mode as great as Obama and his GOP rivals. When stock prices seem
in doubt the Fed is ready to launch more assurances accommodation (money
printing) will be available. Monday’s rally was typical as we head toward the
end of the quarter. Hedge fund performance fees are on the line and any way to
boost these profits is job one. Top holdings for hedge funds include the usual
suspects: AAPL, IBM, INTC, BAC, DIS, HD etc. With little volume it’s easy for
algos and hedge funds to prop stocks on little hard news. Tuesday we briefly
saw more of this. Just as markets were weakening a story appeared using the
Fed’s favorite oracle, the WSJ, as Fed governor Rosengren
stated, “more stimulus is on the table”. Immediately
HFT algos jumped and markets rose if only briefly.On its face, the Fed wants
higher stock prices to boost confidence in the economy. However from a
practical view ALL THEY’VE SUCCEEDED IN DOING FROM MY
PERSPECTIVE IS DEBASING THE DOLLAR CREATING INFLATION…’ , And 14 of 16 On
Dallas Fed Miss 3-26-12 The Dallas Fed
Manufacturing Outlook just came with its largest
miss of expectations in 9 months - and biggest drop in 7 months..
A 10.8 print vs expectations of 17.0 dropped the index back to its lowest since
December and keeps the 'good is good but bad is better' dream alive..’, Don’t be fooled
by the money illusion MarketWatch
| Rising prices are making some statistics look better than they really
are. [ The ‘psychological factor’ has
always been a component in the valuation of securities which valuations, good
or ill, collectively give rise to the ‘markets’. The mythical part is the
presumption of rationality accorded the ‘market-makers’ which, despite their
glaring irrationality and propensity for fraud (I’d conservatively say that
wall street is comprised predominantly, I’d estimate 90%, of psycho/sociopathic
personalities), is still decidedly and pathetically vis-ŕ-vis the rest of the
‘go along to get along’ world, criminally insane wall street. { The frauds on wall street et als should be criminally prosecuted, jailed,
fined, and disgorgement imposed! Train Reading: The Stock Market Is
(Criminally) Insane The Wall Street Journal } It
should be obvious by now, particularly with the advent of ubiquitous, lightning
fast programmed computerization, that the markets are fraudulently manipulated
in a bigger way now than ever; and, not without great cost ultimately to
muppets / taxpayers like you, whether in the markets or not.They do it for the
money; and, sick as they are, to be screwin’ at least someone all of the time
which perversely gives them pleasure! ] This is an especially
great opportunity to sell / take profits with stocks floating on air in
contraindicated ‘Weimar dollar bubble rally’ as preceded last crash. Suckers’
rally into the close off lows and in shades of the dot com bubble with Apple
the fraudulent stock market’s one-trick pony (‘in play’, pricey, big weighting
and big bang for the market buck, and compared to what). Competition will
ultimately (no real breakthroughs on horizon) take a big bite out of the Apple,
which along with price targets is way over valued (currently being manipulated
to the upside by the ‘muppet masters’ given the 20% weighting for maximum
fraudulent effect). I say this despite liking Apple. They’re loving Apple to
death on fraudulent wall street which is a testament to the pathetic state of
american and world technology which is horrendous. As my first computer (Apple
IIc, 1986) I’m glad they survived but they’re way, way over-valued. Aside from
the IPAD (at best and even that’s a stretch, and past history at that), there’s
really nothing there, which is a testament to the stupidity of american
consumers particularly. Wake up! What total frauds! 11
Reasons Why America Would Be A Better Place Without Goldman Sachs [ If only
it was just 11 and not an endless number of reasons why the aforesaid is true!
And, though america particularly, not just america, but the entire world as
well! ] http://albertpeia.com/americabetterwithoutgoldmansachs.htm
, Guest
Post: Money from Nothing - A Primer on Fake Wealth Creation and its
Implications (Part 2) ZeroHedge.com 3-14-12 ‘Only in a debt-based money
system could debt be curiously cast as an asset. We’ve
made “extend and pretend” a quaint phrase for a burgeoning market for financial
lying and profiteering aimed toward preventing the collapse of a debt- (or
lack-) based system that was already doomed by its initial design to collapse.’ Election year temp jobs,
trade deficit up, GDP projection down, business inventories miss,
manipulations, obfuscations… Dave’s Daily: http://www.etfdigest.com STOCK RALLY FADES WITH CDS ISSUE 3-9-12 [ Dave astutely points out: “Jobless Claims
Thursday were weaker than expected (362K vs 351K expected and prior revised
higher to 354K). Did you know that prior weekly Jobless Claims data has been
revised higher
100% of the time over the past two years? How does that happen this
consistently?” – Which I refer to as the ‘data ponzi scheme’ wherein new fake
data is used to buoy markets as prior reported fake data is reconciled closer
to reality. 3-15-12 Yes, and again, prior week revised up . ] Does
China's Forex Policy Beggar Its Neighbors? The Wall Street Journal [ Are you sure the author didn’t mean ‘bugger
its neighbors’? Sounds like it; but, it’s really all about cost structures
which are far less in China which is the primary reason for China’s export
success. Manipulation of currencies is an artifice that the west will
ultimately prove does not work at all (all that over-printing / creating of
fiat Weimar paper currencies is a time-tested loser).]Rumor planted by fed of QE3 light spurs rally, not the fake, uneconomic
jobs estimate from jersey adp for election year spin purposes which only fools
believe. How desperate and pathetic! For those who think this money-printing out of
thin air is without cost, you’re in for a worse than rude awakening. The global
markets have become a joke! This is a ‘full press’ as in ‘fiat paper printing
presses in overdrive’ debased Weimar dollars / currencies that will end quite
badly so take this opportunity to take profits while you can. The manipulated,
contrived, and fake data has all been unaffordably ‘electioneared’ for
‘electionyeared’ spin and propaganda. Don’t be their fool! The full moon
previously helped keep the contraindicated lunatics’ huge suckers’ rally going
with across the board media et als complicity (infra). But not quite … reality
(will) catch(es) up … you know the drill … typical suckers’ surge into the
close off lows, etc.. Today’s data looked pretty bad to me, even with the
manipulations/spin otherwise, ie., Durable
goods orders drop by most in 3 years
AP , etc.. Then there
was previously the manipulated revision to make this month’s distressed,
foreclosure sales (backlog) look better. Total scam! This will all end quite
badly and is much like the ‘floating on air’ stock price scenario that preceded
the dot.com and most recent, continuing debacles. { http://albertpeia.com/todaysbusinesssummarylinks.htm
- today’s business summary links only, by day – scroll down as well for
today’s links and for more complete context – Encouraged and recommended! } This
global suckers’ rally is based on market frothing hopium for unaffordable,
contraindicated, failed QE/wall street only welfare (which is being injected
sub rosa, see infra), bad news, fraud, b***s***, and
desperation alone, as suckers’ rallies ushered in the new year in a most
preposterous fashion [Forget the “January Effect”… Instead Skousen
http://www.investmentu.com/2010/December/january-effect-vs-siegel-indicator.html http://albertpeia.com/forgetthejanuaryeffect.htm , INVESTORS, SKIP THE 'JANUARY INDICATOR' FOR
STOCKS Jan. 26, 2012 Mark Hulbert [ the frauds on wall street still shootin’
for the superstitious so-called ‘January effect’ based on based on
market frothing hopium for unaffordable, contraindicated, failed QE/wall street
only welfare, bad news, fraud, b***s***, and
desperation alone to suck suckers in and keep suckers sucked in! Don’t be their
fool! Mohammed El Erian gets this and to Frank Motek 1070am relates that he’s
using the up moves to reduce risk assets / stocks / exposure, in other words,
he’s selling the rallies which is sound advice [3-12-12: I’ve previously
recommended this business report; but, like everything in america, it’s gotten
so bad as in the first 30 minutes I calculated approximately 6 minutes of
business report and the balance predominantly advertising and some cbs network
stuff before I had to turn it off – I might listen again in a year, if at all.
Terrible! ]. The fundamentals/realities, current and prospective, are worse
than ever. There are no systems/formulas for these unprecedentedly dire times.
Don’t be their sucker! This is an especially great opportunity to sell / take
profits because there’s much, much worse to come! Here’s a simple chart of the
Dow’s history http://albertpeia.com/dowjonesindavghistory.htm . Keep in mind how lowly the dollar’s become
in terms of purchasing power and relative to metals as ie., gold, etc.. Don’t
be scammed by the frauds on wall street, et als.] with lingering intoxication
an explanation as the printing presses and issuance of worthless insurmountable
debt paper are in full throttle globally (a testament to global blindness as
the blind follow the blind) making this impending disaster at this time an
especially great opportunity to sell / take profits because there’s much, much
worse to come! jersey-lautenberg based adp with 100% better than expectations
private sector jobs number? Nobody thinks so (infra)! Scandal scarred commerce
department data? Labor dept. ue claims / ue numbers? Only a fool believes what
they say! ( After One Month Respite, Pink Slips Are
Flying Again Durden , Lies, Damned Lies, and (Unemployment)
Statistics Mac Slavo | The actual unemployment rate in the United
States is in excess of 22%. , NFP Payrolls At 200K, Expected At 155K;
Unemployment Rate Drops To 8.5%, Labor Force Participation At Lowest Since 1984 Durden
on 01/06/2012 .. Yet the unemployment rate trickery still continues,
with labor force participation (prior revised), now at a 27 year low of 64%,
and the labor force itself declined by 50K from 153,937 to 153,887. In fact, persons not in
the labor force have increased by 7.5 million since January 2007!
Bottom line - dropping out of labor statistics is the new killing it. http://www.albertpeia.com/laborparticipationrate.jpg
, ) The same for the conference board which
came in with 100% better than expected consumer confidence, which is
preposterous even taking into consideration the ‘ultimate bootstrap’ bubble
stock price weighting in same. The lack of ‘politicians’ at
S&P/Case/Shiller showed a different picture: ’house prices in
20 major metropolitan areas declined 1.2 percent on an unadjusted basis in
October after falling 0.7 percent the prior month’. ( US Economic Data Reporting Now Officially A
Farce: Every Economic Data Point Prints 4+ Std Devs Above Consensus
Zero Hedge ) Watch for more fake reports / data / and spin in their infinite political
desperation both here and across the sea, and suckers’ rallies to suck suckers
in and keep suckers sucked in! [ ‘The Currency Wars’ http://www.albertpeia.com/rickardsgrantboltoninterviewvideo.htm , David Rosenberg On The Depression, The ECB,
MF Global As A Canary In The Coalmine... All With A Surprise Ending Durden, This is No Cyclical Recession… It is a
Secular DE-pression Phoenix Capital , MF
GLOBAL EXPLAINED http://www.youtube.com/watch?v=jLt05sN7vK0&feature=player_embedded [causal links between OTC derivatives, the
financial crisis of 2008, Alan Greenspan, Robert Rubin, Larry Summers, Jon
Corzine and MF Global, ‘Quantitative Easing Explained’ http://www.youtube.com/watch?v=PTUY16CkS-k , ’ Famed
economist predicts economic calamity in 2012. See the evidence.
http://w3.newsmax.com/a/aftershockb/video.cfm 50%
unemployment & 90% Dow crash also predicted. Newsmax ,
Economic / Financial Collapse Imminent – Stansberry Investment Advisory http://www.albertpeia.com/stansberrysinvestmentadvisory.flv Harry
Dent, Jr. Economy will be in a Depression by 2011 Dow
will Fall to 3,800 – 4,500 by 2012 Nasdaq
will Fall Below 1,100, its 2002 low, by late 2010 or mid-2012 at the latest. U.S. Dollar will Decline
Housing will Decline by 40 – 60% from Today’s Levels Greatest Economic and Banking Crisis since the
1930s will Occur Between 2010 and 2012). , ‘…technical pattern is predicting the S&P plunges to 935Bank of America via Zero Hedge Mary Ann Bartels, Bank of America's Head of
Technical and Market Analysis , 935 is nothing; the S&P 500 will
crash to 579.57United-ICAP's Walter Zimmerman
(via WSJ's Tom Kilgore) is a technical
analyst who has been looking at the charts and they're telling him that the
S&P is headed for 579.57…’ , The Financial Crisis Of 2008 Was Just A Warm
Up Act For The Economic Horror Show That Is Coming http://theeconomiccollapseblog.com
http://albertpeia.com/2008crisisjustwarmupforcomingcollapse.htm
Why earnings will continue to decline MarketWatch , 10 Things That Every American Should Know
About The Federal Reserve
Eco.Coll.Blog http://albertpeia.com/10thingsmustknowaboutfedreserve.htm #1 The Federal Reserve
System Is A Privately Owned Banking Cartel #2 The Federal Reserve System Is A
Perpetual Debt Machine #3 The Federal Reserve Has Destroyed More Than 96% Of
The Value Of The U.S. Dollar #4 The Federal Reserve Can Bail Out Whoever It
Wants To With No Accountability #5 The Federal Reserve Is Paying Banks Not To
Lend Money #6 The Federal Reserve Creates Artificial Economic Bubbles That Are
Extremely Damaging #7 The Federal Reserve System Is Dominated By The Big Wall
Street Banks #8 It Is Not An Accident That We Saw The Personal Income Tax And
The Federal Reserve System Both Come Into Existence In 1913 #9 The Current
Federal Reserve Chairman, Ben Bernanke, Has A Nightmarish Track Record Of
Incompetence #10 The Federal Reserve Has Become Way Too Powerful , A Warning Sign For The World
http://albertpeia.com/warningsignfortheworld.htm
Any financial system that is based on debt is doomed to fail. Today, we
are living in the greatest debt bubble that the world has ever seen … , Despite Two Thirds Of Components Declining,
Empire Fed Prints At Highest Since June 2010 ZeroHedge | Chalk this one to
“seasonal adjustments” or something, cause we no longer have any clue what is
going on with the data fudging in America. ,
20 Signs You Might Be A Typical American
Worker http://albertpeia.com/20signsoftypicalamericanworker.htm
, 10
Signs That America Is Decomposing Right In Front Of Our Eyes http://albertpeia.com/10signsamericadecomposing.htm
, 8
Reasons Why The Greek Debt Deal May Not Stop A Chaotic Greek Debt Default http://albertpeia.com/8reasonsgreekdebtdefaultstillcoming.htm
, 55
Interesting Facts About The U.S. Economy In 2012 http://albertpeia.com/55factsaboutus2012economy.htm
‘How is the U.S. economy doing in 2012? Unfortunately, it is not doing
nearly as well as the mainstream media would have you believe. Yes,
things have stabilized for the moment but this bubble of false hope will not
last for long. The long-term trends that are ripping our economy and our
financial system to shreds continue unabated. When you step back and look
at the broader picture, it is hard to deny that we are in really bad shape and
that things are rapidly getting worse. Later on in this article you will
find a list of interesting facts that show the true state of the U.S. economy…
, http://albertpeia.com/debtpercapita.jpg , Double-dip recession setting in across eurozone: EU Thomson | AFP , America 1950 vs.
America 2012 http://albertpeia.com/downhillslideofamerica.htm
, Society’s
Five Stages of Economic Collapse http://albertpeia.com/5stagesofcollapse.htm
David Meyer shtfplan.com March 1, 2012
, No
Housing Recovery - Case Shiller Shows 8th Consecutive Month Of House Price
Declines Durden
2-28-12 Little that can be added here. The December
Case Shiller came, saw, and shut up all those who keep calling for a home
price recovery. The Index printed at 136.71 on expectations of 137.11, with the
prior revised to 138.24. The top 20 City composite was down -0.5% on expectations
of a 0.35% drop. 18 out of 20 MSAs saw monthly declines in December over
November… , Goldman:
Germany Is Now On The Hook By €1 Trillion (Or 40% Of GDP) Durden, , 20
Economic Statistics To Use To Wake Sheeple Up From Their Entertainment-Induced
Comas http://albertpeia.com/20ecostatstowakesheeple.htm , Central
bank balance sheet expansion since end 2007
Mar 1st, 2012 by News
(ZeroHedge) — SNB +230%; Fed +222%, BOJ +125%, BOE +87%, PBOC +93%, ECB +51%.
USA Gold / PG View:
Pretty strong evidence that the rally in bonds — and by extension the rally in
stocks — is nothing but a charade. , 10.7
Percent: Unemployment In Europe Is Worse Than It Was At The Peak Of The Last
Recession http://albertpeia.com/europeunemploymentworsethanrecession.htm
The unemployment rate in the eurozone is now 10.7 percent. That is the
highest the unemployment rate has been since the introduction of the
euro. The unemployment rate in the eurozone never got any higher than
10.2 percent during the last recession. This is very troubling
news. It was just recently announced that the eurozone has entered another
recession, and already the unemployment rate is hitting new record highs… ,
Inflation
Is A Tax And The Federal Reserve Is Taxing The Living Daylights Out Of Us http://albertpeia.com/inflationisatax.htm , Guest
Post: Cause, Effects & The Fallacy Of A Return To Normalcy Durden
3-6-12, Market Takes First Big Loss Of 2012 As Investors Eye Greek Debt
Swap Forbes , 15
Potentially Massive Threats To The U.S. Economy Over The Next 12 Months http://albertpeia.com/15massivethreatstoeconomy.htm
, 1
Through 30 – The Coming U.S. Financial Crisis By The Numbers http://albertpeia.com/1-30usfinancialcrisiscoming.htm
, Gallup
Finds February US Unemployment Jumps Most Since 2010, Third Consecutive Monthly
Increase Durden
3-8-12 , Initial
Claims Miss Expectations, Rise For Third Consecutive Week For First Time Since
August 2010 Durden
3-8-12 , Greece
Has Defaulted - Which Country In Europe Is Next? http://albertpeia.com/greecehasdefaultedwhonext.htm , Five
Charts That Prove We’re in a Depression and That the Federal Reserve and
Washington Are Wasting Money March 12, 2012
By gpc1981 http://albertpeia.com/usindepressionfedandgovwastingmoney.htm , Broken
Promises: Pensions All Over America Are Being Savagely Cut Or Are Vanishing
Completely .. this exact scenario is
playing out from coast to coast and in the years ahead millions of elderly
Americans are going to be affected by broken promises and vanishing pensions.. http://albertpeia.com/uspensionscutorvanishing.htm , America
Is Being Transformed From A Wealthy Nation Into A Poor Nation At Breathtaking
Speed America is losing wealth far
faster than any other nation on earth is. http://albertpeia.com/ustransformedfromwealthytopoor.htm
, As
US Rakes Largest Monthly Deficit In History, 2012 Tax Revenues Net Of Refunds
Trail 2011 Durden
3-12-12 , Guest
Post: The Audacity of Bonuses At MF Global Durden
3-12-12 In the spirit of George Orwell’s Animal Farm commandment: “all animals are equal, but some
animals are more equal then others” comes the galling news that bankruptcy
trustee, Louis Freeh, could approve the defunct, MF Global to pay bonuses to
certain senior executives. This, despite the fact that nearly $1.6 billion of
customer funds remains “missing” or otherwise partially accounted for, yet
beyond the reach of those customers, perhaps forever, since before the firm
declared bankruptcy on October 31, 2011... , 11
Reasons Why America Would Be A Better Place Without Goldman Sachs [ If only
it was just 11 and not an endless number of reasons why the aforesaid is true!
And, though america particularly, not just america, but the entire world as
well! ] http://albertpeia.com/americabetterwithoutgoldmansachs.htm
, S&P
Says Improbable Any Economic Improvement Would Bring Back AAA US Rating Durden 3-15-12 Sigh: *S&P says that
it is impossible that any economic improvement would bring back the AAA rating
*US deficit progress is needed. *Outlook remains negative.- And what do stocks
do on latest S&P report that America is broke? Why they surge of course....
, The
U.S. Economy: Soul Crushing Total System Failure http://albertpeia.com/ustotalsystemfailure.htm
, Kass:
The Market Is Overvalued at
TheStreet By Doug Kass { Yes, this is true;
but, he’s still too optimistic in that he doesn’t point out that the election
year manipulations / obfuscations will cause things to end far worse than his
anticipation. } , An Open Letter to All
Presidential Candidates March 19, 2012
By gpc1981 http://albertpeia.com/grahamsummerswarnings.htm
, Ben
Bernanke Tries To Convince America That The Federal Reserve Is Good And The
Gold Standard Is Bad http://albertpeia.com/benbsshalombernankesellsfedpansgoldstandard.htm
[ greenspan and now bernanke are incompetent and total failures creating and
exacerbating current and prospective conditions for the sake of fraudulent wall
street at everyone else’s expense! ] , 10
Signs That America Is On The Verge Of A Horrible Municipal Debt Crisis http://albertpeia.com/americanmunicipaldebtcrisis.htm , Bursting
The Permabullish Bubble: 11 Out Of 13 Economic Indicators Have Missed Durden 3-22-12 , Corzine
Corzined - Congressional Panel Finds Former MF Global CEO Ordered JPM Fund
Transfer Durden
3-23-12 [ ‘Jon S. Corzine, MF Global Holding Ltd.’s chief executive
officer, gave “direct instructions” to transfer $200 million from a customer
fund account to meet an overdraft in one of the brokerage’s JPMorgan Chase
& Co. accounts in London, according to an e-mail sent by a firm executive.
Edith O’Brien, a treasurer for the firm, said…’] , TBTF
Get TBTFer: Top 5 Banks Hold 95.7%, Or $221 Trillion, Of Outstanding
Derivatives Durden
3-26-12 , 10
Reasons Why The Reign Of The Dollar As The World Reserve Currency Is About To
Come To An End http://albertpeia.com/10reasonsdollarreservecurrencyending.htm
, Dave’s Daily: http://www.etfdigest.com BERNANKE IN ABC MODE ON ABC 3-27-12 ‘Sure,
it’s one of my favorite movie scenes and I couldn’t resist it. The Fed is in
full campaign mode as great as Obama and his GOP rivals. When stock prices seem
in doubt the Fed is ready to launch more assurances accommodation (money
printing) will be available. Monday’s rally was typical as we head toward the
end of the quarter. Hedge fund performance fees are on the line and any way to
boost these profits is job one. Top holdings for hedge funds include the usual
suspects: AAPL, IBM, INTC, BAC, DIS, HD etc. With little volume it’s easy for
algos and hedge funds to prop stocks on little hard news. Tuesday we briefly
saw more of this. Just as markets were weakening a story appeared using the
Fed’s favorite oracle, the WSJ,
as Fed governor Rosengren stated, “more
stimulus is on the table”. Immediately HFT algos jumped and markets rose if
only briefly.On its face, the Fed wants higher stock prices to boost confidence
in the economy. However from a practical view all they’ve succeeded in doing
from my perspective is debasing the dollar creating inflation. The latter will
be a problem for the next administration and even the current generation. It’s
an all about “now” market in a politically charged year… , Bernanke
Claims That The Fed Has Averted A Second Great Depression By Bailing Out The Too
Big To Fail Banks http://albertpeia.com/weareinsecondgreatdepression.htm [ To the contrary, because of his policies and
particularly the bailouts which facilitated consummation of and even greater
frauds, the real economy, the nation, taxpayers will suffer a more severe fate
than even that obfuscated by bad policy in this election-year expedience! ‘…
When the last financial crisis began, the U.S. national debt was about 10 trillion
dollars. Today, it has risen to 15.5 trillion dollars. So Bernanke did not fix
anything. The best that can be said is that he kicked the can down the road a
little bit and made our long-term financial problems a lot worse at the same
time. Bernanke can create money out of thin air and loan it to his friends all
he wants, but he is not going to be able to prevent this house of cards from
crashing down…’ . He’s as much a fraud and incompetent bozo as ‘his buds who
put him there’ for their purpose / benefit. The guy’s a dope http://albertpeia.com/30bunglebenbernankequotes.htm , a fool which fact is lost on no one
vis-ŕ-vis the debased Weimar dollar http://albertpeia.com/10reasonsdollarreservecurrencyending.htm , who’s
delusional http://albertpeia.com/bunglerbenfedfedsfailure.htm
. He’s a total fraud! ]
, 20
Signs That We Are Witnessing The Complete Collapse Of Common Sense In America http://albertpeia.com/americasdevolutionintomadness.htm
http://albertpeia.com/bobobamathetraitor.htm http://albertpeia.com/45signsamericatinyelitemajoritypoor.htm , A
View on Inflation & Keynesian Talking Points : CrownThomas
: 03/29/2012 The ponzi will fail, and the economy
will reset - the only question is when. http://albertpeia.com/fedponzifails.htm , Charles
Hugh Smith On The Phony "Economic Recovery," Stress and "Losing
It" Durden
3-30-12, Everything Is
Going To Be Alright? http://albertpeia.com/everythingsnotalright.htm
, ‘Massive
Wealth Destruction’ Is About to Hit Investors: Faber http://albertpeia.com/massivewealthdestructionabouttohit.htm
CNBC.com | Runaway government debts have triggered uncontrolled money printing
that in turn will lead to inflation.. , The 15 Trillion Dollar
Party http://albertpeia.com/bankruptamericadestroyingthefuture.htm { WALL STREET IS
SO FRAUDULENTLY BEYOND THE PALE; FOR THERE IS NO QUESTION BUT THAT THEY BELONG
IN JAIL! } , RICHARD
RUSSELL: A Massive Stock Market Collapse Will Wipe Out 60 Years Of Inflation
And Leveraging Business Insider , Graham
Summers’ Weekly Market Forecast (Europe on the Verge Edition) 4-2-12 http://albertpeia.com/euontheverge.htm
, 27
Statistics About The European Economic Crisis That Are Almost Too Crazy To
Believe http://albertpeia.com/27statsofeueconomiccrisis.htm , How
Bad Do Things Have to Be For the Fed AND the ECB to Talk of Easing… On the Same
DayApril 13, 2012 By gpc1981 http://albertpeia.com/gpcsaysthingsarereallythatbad.htm
, 25
Signs That America Is A Seething Cesspool Of Filth And Corruption http://albertpeia.com/25signsamericacesspooloffilthcrimeandcorruption.htm , http://albertpeia.com/debtcrisisdestroysamerica.htm , Chimps
Throwing Poop And 29 Other Mind Blowing Ways That The Government Is Wasting
Your Money http://albertpeia.com/whydochimpslikeobamasthrowpoop29waysgovernmentwastesmoney.htm , Failed Wobama model
illustrated: 16 Reasons To Move Away From California http://albertpeia.com/16reasonstomoveawayfromcalifornia.htm , No
Housing Recovery Until 2020 In 5 Simple Charts
http://albertpeia.com/nohousingrecoveryuntil2020in5charts.htm
Durden ,
The
Mother Of All Infographics: Visualizing America's Derivatives Universe http://albertpeia.com/usderivatives221trillionof707trillionglobal.htm
, Fasten
Your Seatbelts: High Frequency Trading Is Coming To The Treasury Market [ http://albertpeia.com/highfrequencytradingcomingtotreasuries.htm
, 22
Signs That The Collapsing Spanish Economy Is Heading Into A Great Depression
http://albertpeia.com/22signsspainheadingintogreatdepression.htm
, The
Secrets of the Spanish Banking System That 99% of Analysts Fail to Grasp http://spainbanksystemsecrets.htm
, What
Do California And Detroit Have In Common? http://albertpeia.com/californiadetroitdeclineincommon.htm
Paul Joseph Watson |
“Breathtaking” information will top previous press conference, says lead
investigator.
Steve Watson | A
coalition of privacy and freedom advocacy groups has joined forces to push for
elected officials to acknowledge the digital rights of all Americans and sign a
new Declaration of Internet Freedom.
Paul Joseph Watson | “I’m now
afraid that I might be in physical danger”.
RT | High-tech battleships and missiles
are on stand-by to protect London during the upcoming Olympics.
Ron Paul | Ron Paul is America’s leading voice
for limited, constitutional government, low taxes, free markets, sound money,
and a pro-America foreign policy.
Elizabeth Renter |
Breast-feeding mothers are often cautioned against eating and drinking certain
things; it’s because some of these things can find their way into their breast
milk and then their baby.
Paul Joseph Watson | Heavily
armored vehicle “used by U.S. troops on the battlefield”.
Prisonplanet.com | Alex
discusses the progressively deteriorating global economy and review evidence
that indicates the world is in the grasp of criminal banks.
Daily Caller | On
Monday, protesters are scheduled to gather outside the White House to demand
President Barack Obama and Attorney General Eric Holder be held accountable for
Operation Fast and Furious.
Mike Adams | Now that
Obamacare has been ruled a tax by the U.S. Supreme Court, reality is starting
to sink in for all those who emotionally supported it.
Infowars.com | Iran
does not divulge how it will stop oil shipments from passing through strategic
Strait of Hormuz waterway.
Kurt Nimmo | Code of
ethics released to “accelerate public confidence” in Big Brother’s eye in the
sky surveillance system.
Infowars.com | This
summer’s extreme weather highlights the need for preparedness advice.
Paul Joseph Watson |
“Breathtaking” information will top previous press conference, says lead
investigator.
Steve Watson | A
coalition of privacy and freedom advocacy groups has joined forces.
Infowars.com | Taking
the message exposing Obama’s treason to the streets.
Melissa Melton | The
Obama Administration recently spent three million dollars to convince us we
will all live healthier lives if we sign up for food stamps.
Paul Joseph Watson | “I’m now
afraid that I might be in physical danger”.
http://albertpeia.com/kicksinthecandowntheroad.htm
http://albertpeia.com/empburst.htm
July 3, 2012 By gpc1981 http://albertpeia.com/greeceyspainpain.htm
http://albertpeia.com/nolegalsystem.htm
By gpc1981 http://albertpeia.com/noeugamechangers.htm
CHICAGOLAND: 7-Year-Old Girl
Gunned Down While Selling Lemonade Outside Home...
MCCONNELL: 'Sold to American
people on a deception'...
CURL: Gift to Romney... {
This may seem somewhat counterintuitive and a bit of a rationalization; but, it
is absolutely true. So true in fact, that wobama will come to be compared to
Pyrrhus of Ephyrus (W. Greece) since realization of what this legislation won’t
do for americans and the economy and what it actually does will not have the
galvanizing effect that striking the bill down would have had on voters who
were thinking ‘another free lunch from the government’ will save them (we all
now know better, no such thing). Yes, in somewhat European tradition, defacto
bankrupt america is keeping up with the (ie., rating agencies Egan) Joneses.
After all, we all know how well this European program model is working out for
Europe (and any other nation that’s tried it). In the final analysis, this and
such programs as the contraindicated bailouts for the unprosecuted frauds on
wall street, etc., will prove to be the ‘camel-back breaking’ moment for
america; and, a pyrrhic victory for the egregiously failed president
wobama. America’s
debt woe is worse than Greece’s News (CNN) — ‘Our government is
utterly broke. There are signs everywhere one looks…The government’s total
indebtedness is $211 trillion’ … }
HISTORIC: HOUSE VOTES HOLDER
IN CONTEMPT...
DEM HOODIED BLACKS PLUS WALK
OFF FLOOR...
Pelosi botches name of slain
border agent...
Adult Chimpanzee Fatally
Mauls Baby Chimp at LA Zoo...
ZIMMERMAN PASSED POLICE LIE
DETECTOR...
REPORT...
Syringes litter NYC beach...
ZOMBIE: Man who took
synthetic drug strangles dog, starts eating it...
POLL: Obama drops 8 points
with whites...
... 13-point plunge among
young voters
Obama Asks People Getting
Married To Forgo Gifts...
Donate To His
Campaign Instead... { Wobama is so pathetic! Sure, sacrifice for the
grifter wobamas so they can continue livin’ large on the taxpayer dime while
accomplishing nothing except greater public debt to hide his failure. This from
the record holder for fundraisers, 151 and counting. Then there’s the 100 plus
rounds of golf in addition to being famously over-vacationed while in office.
It’s laughable to hear him blame congress for his lack of accomplishments when
the reality is that he ‘really wasn’t there’ for any of it. For wobama the
presidency is just endless debate, rhetoric, campaigning, vacationing,
soundbites from the teleprompted speeches, jive-talk, b***s***, and ‘choom
fantasy’. He’s a total fraud and failure and anyone who buys into election-year
desperation / promises, etc., is just a fool of the worst kind! AP: ‘…THE FACTS: Five Senate Democrats voted against
sending the DREAM Act to the Senate floor for full consideration. The bill
would have created a path to citizenship for many young illegal immigrants
brought to the United States as children. Last week, Obama announced plans to
stop deporting illegal immigrants who would have qualified for the DREAM Act.
The policy change does not include a path to citizenship…’ Then there’s the other meretricious ‘wobama
desperation hail mary’ that once again falls short. Indeed, as an investor, one
analyzes earnings, projects prospective earnings over a 3-5 year horizon, and
the quality of the earnings along macro economic factors which are affected by
‘political considerations’. Does anyone remember the honorable Ross Perot who
warned of NAFTA’s effect on american jobs even as the democrat administration
et als were hell-bent on passing same? Should Romney have breached his legal
duty to shareholders and invested in companies with poor earnings prospects?
After all, in the financial / security analysis step of projecting the income
statement, prospective labor costs figure prominently in the bottomline. In
sum, Romney took conditions as he found them, and made the prudent choices
which as per his legal duty were optimal for those who put their trust in him.
For those who put their trust in proven failure wobama, all they have to show
for such misplaced trust are broken campaign promises, now insurmountable
record deficit spending exceeding all the presidents since Eisenhower combined
to obfuscate what clearly has been wobama’s unequivocal failure. }
Will accept your birthday or
anniversary gifts, too...
VIDEO: Obama Trips At
Campaign Event In Tampa...
ZOMBIE: Naked man bites off
chunk of arm...
PAPER: Obama's grandfather
tortured by the British? A fantasy (like most of the President's own memoir)...
{ http://albertpeia.com/wobamaschoomgangfantasy.htm }
JAILHOUSE
CALLS: Zimmerman told wife to buy bulletproof vest...
WAR
ZONE: 7 Killed, Dozens Wounded During Obama Visit to Chicago...
More
killed this year than in Afghanistan...
Bill
Maher: 'The Problem With Racism Is Matt Drudge'... { Oh riiiiight!
Drudge is the racist for reporting facts/reality concerning black on every
color crime along with black threats. What can you expect from maher who is an
null sum embarrassment/disgrace who like the italian scallion had married (and
I believe is now divorced from) a black (he like booby deniro need
rationalization)? } Here’s some reality for maher who doesn’t mahter:
U.S. Cannibal Updates:
Doctors release first photos of Miami cannibal victim...
**WARNING: Extremely
graphic** [ See here: http://albertpeia.com/blackcannibalswhitevicitm.htm ]
U.S. CANNIBAL UPDATES:
'Zombie Bullets' In High
Demand Following Cannibal Attacks...
COPS: Attacker bit off large
chunk of victim's face in bloody assault...
UPDATE: SOUTH BEACH CANNIBAL
WAS CARRYING BIBLE, HAD RECENTLY SMOKED POT...
NEW: Man Threatens To Eat
Cop...
'Growled,
opened and closed his jaw'...
Woman bites wig shop owner’s
bicep, spits flesh in face...
L.A. KINGS' $50,000 PUSHES
REWARD IN BABY'S SLAYING TO $100,000 June 6, 2012 { When are people going to awaken to the
reality of the uncivilized nigger? Where’s the outrage for this 1 year old baby
who unlike hoodie trayvon martin killed in self-defense (from niggers) was not
a thief and was totally innocent? The tragic outcomes for ignoring the threat
of the uncivilized niggers! }
http://albertpeia.com/blackonbrowncrime.htm
http://www.albertpeia.com/whitesvictimizedbyblacks.htm
6-28-12 MICHAEL SAVAGE: 'ROBERTS EPILEPSY
MEDICATION AFFECTS HIS COGNITION'...
FLASHBACK NYT: Roberts drugs
'can have troubling side effects, mental slowing and forgetfulness'...
{ Wow! Who woulda thunk it, known it! I certainly didn’t know of roberts’
condition. And, yes, the effects of said drugs are significant, serious as set
forth above and over time particularly, debilitating. Roberts should step down,
not that the u.s. supreme court is some font of reason, sound judgment, and
wisdom, even lawfulness. Indeed, quite the contrary is true. http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm }
SUPREME COURT RULES:
OBAMACARE
STANDS...
Mandate survives
AS A 'TAX'...
Chief Justice Roberts joins
left of the Court...
'It is not our role to forbid
it, or pass upon its wisdom or fairness'...
.PDF OF OPINIONS
Dissent: 'We Cannot Rewrite
the Statute to Be What It Is Not'...
FLASHBACK: Obama: Mandate is
NOT A TAX...
VIDEO...
RUSH LIMBAUGH: 'WE NOW HAVE
THE BIGGEST 'TAX' INCREASE IN HISTORY OF THE WORLD'...
Did Justice Roberts change
his vote at last minute?
George Will: Conservatives'
consolation prize...
Republican governors vow to
ignore Obamacare...
HOUSE REPEAL VOTE SET FOR
WEEK OF JULY 9...
Speaker Boehner: 'Ruling
underscores urgency'...
MCCONNELL: 'Sold to American
people on a deception'...
CURL: Gift to Romney... {
This may seem somewhat counterintuitive and a bit of a rationalization; but, it
is absolutely true. So true in fact, that wobama will come to be compared to
Pyrrhus of Ephyrus (W. Greece) since realization of what this legislation won’t
do for americans and the economy and what it actually does will not have the
galvanizing effect that striking the bill down would have had on voters who
were thinking ‘another free lunch from the government’ will save them (we all
now know better, no such thing). Yes, in somewhat European tradition, defacto
bankrupt america is keeping up with the (ie., rating agencies Egan) Joneses.
After all, we all know how well this European program model is working out for
Europe (and any other nation that’s tried it). In the final analysis, this and
such programs as the contraindicated bailouts for the unprosecuted frauds on
wall street, etc., will prove to be the ‘camel-back breaking’ moment for
america; and, a pyrrhic victory for the egregiously failed president
wobama. America’s
debt woe is worse than Greece’s News (CNN) — ‘Our government is
utterly broke. There are signs everywhere one looks…The government’s total
indebtedness is $211 trillion’ … }
HISTORIC: HOUSE VOTES HOLDER
IN CONTEMPT...
DEM HOODIED BLACKS PLUS WALK
OFF FLOOR...
Pelosi botches name of slain
border agent...
Adult Chimpanzee Fatally
Mauls Baby Chimp at LA Zoo...
ZIMMERMAN PASSED POLICE LIE
DETECTOR...
REPORT...
Syringes litter NYC beach...
ZOMBIE: Man who took
synthetic drug strangles dog, starts eating it...
POLL: Obama drops 8 points
with whites...
... 13-point plunge among
young voters
Obama Asks People Getting
Married To Forgo Gifts...
Donate To His
Campaign Instead... { Wobama is so pathetic! Sure, sacrifice for the
grifter wobamas so they can continue livin’ large on the taxpayer dime while
accomplishing nothing except greater public debt to hide his failure. This from
the record holder for fundraisers, 151 and counting. Then there’s the 100 plus
rounds of golf in addition to being famously over-vacationed while in office.
It’s laughable to hear him blame congress for his lack of accomplishments when
the reality is that he ‘really wasn’t there’ for any of it. For wobama the
presidency is just endless debate, rhetoric, campaigning, vacationing,
soundbites from the teleprompted speeches, jive-talk, b***s***, and ‘choom
fantasy’. He’s a total fraud and failure and anyone who buys into election-year
desperation / promises, etc., is just a fool of the worst kind! AP: ‘…THE FACTS: Five Senate Democrats voted against sending
the DREAM Act to the Senate floor for full consideration. The bill would have
created a path to citizenship for many young illegal immigrants brought to the
United States as children. Last week, Obama announced plans to stop deporting
illegal immigrants who would have qualified for the DREAM Act. The policy
change does not include a path to citizenship…’ Then there’s the other meretricious ‘wobama
desperation hail mary’ that once again falls short. Indeed, as an investor, one
analyzes earnings, projects prospective earnings over a 3-5 year horizon, and
the quality of the earnings along macro economic factors which are affected by
‘political considerations’. Does anyone remember the honorable Ross Perot who
warned of NAFTA’s effect on american jobs even as the democrat administration
et als were hell-bent on passing same? Should Romney have breached his legal
duty to shareholders and invested in companies with poor earnings prospects?
After all, in the financial / security analysis step of projecting the income
statement, prospective labor costs figure prominently in the bottomline. In
sum, Romney took conditions as he found them, and made the prudent choices
which as per his legal duty were optimal for those who put their trust in him.
For those who put their trust in proven failure wobama, all they have to show
for such misplaced trust are broken campaign promises, now insurmountable
record deficit spending exceeding all the presidents since Eisenhower combined
to obfuscate what clearly has been wobama’s unequivocal failure. }
Will accept your birthday or
anniversary gifts, too...
VIDEO: Obama Trips At
Campaign Event In Tampa...
ZOMBIE: Naked man bites off
chunk of arm...
PAPER: Obama's grandfather
tortured by the British? A fantasy (like most of the President's own memoir)...
{ http://albertpeia.com/wobamaschoomgangfantasy.htm }
JAILHOUSE
CALLS: Zimmerman told wife to buy bulletproof vest...
WAR
ZONE: 7 Killed, Dozens Wounded During Obama Visit to Chicago...
More
killed this year than in Afghanistan...
Bill
Maher: 'The Problem With Racism Is Matt Drudge'... { Oh riiiiight!
Drudge is the racist for reporting facts/reality concerning black on every
color crime along with black threats. What can you expect from maher who is an
null sum embarrassment/disgrace who like the italian scallion had married (and
I believe is now divorced from) a black (he like booby deniro need
rationalization)? } Here’s some reality for maher who doesn’t mahter:
U.S. Cannibal Updates: Doctors
release first photos of Miami cannibal victim...
**WARNING: Extremely
graphic** [ See here: http://albertpeia.com/blackcannibalswhitevicitm.htm ]
U.S. CANNIBAL UPDATES:
'Zombie Bullets' In High
Demand Following Cannibal Attacks...
COPS: Attacker bit off large
chunk of victim's face in bloody assault...
UPDATE: SOUTH BEACH CANNIBAL
WAS CARRYING BIBLE, HAD RECENTLY SMOKED POT...
NEW: Man Threatens To Eat
Cop...
'Growled,
opened and closed his jaw'...
Woman bites wig shop owner’s
bicep, spits flesh in face...
L.A. KINGS' $50,000 PUSHES
REWARD IN BABY'S SLAYING TO $100,000 June 6, 2012 { When are people going to awaken to the
reality of the uncivilized nigger? Where’s the outrage for this 1 year old baby
who unlike hoodie trayvon martin killed in self-defense (from niggers) was not
a thief and was totally innocent? The tragic outcomes for ignoring the threat
of the uncivilized niggers! }
http://albertpeia.com/blackonbrowncrime.htm
http://www.albertpeia.com/whitesvictimizedbyblacks.htm
Where
Does Money Come From? The Giant Federal Reserve Scam That Most Americans Do Not
Understand http://albertpeia.com/federalreservescam.htm , The EU
Has Already Broken Up… They Just Haven’t Formalized Yet http://albertpeia.com/eualreadybrokenup.htm , Dave’s Daily: http://www.etfdigest.com
6-27-12 ‘There’s
plenty of tension around with ObamaCare up for a SCOTUS decision and more
deadlines for the eurozone Friday or over the weekend. Economic data in the
U.S. was pleasing to bulls as Durable Goods Orders climbed (1.9% vs .4%
expected & prior .2%) and ex-Transportation missed (.4% vs .8% expected
& prior -.6%). The better number came from Pending Home Sales (5.9% vs
.1.2% expected & prior -5.5%)…“Germany is not the cause of problems in the
euro area.” Also, Merkel has repeated her negative view of euro bonds as noted…’
http://endoftheamericandream.com
http://albertpeia.com/runandhideplan.htm
June 27,
2012 By gpc1981 http://albertpeia.com/eualreadybrokenup.htm
http://theeconomiccollapseblog.com
http://albertpeia.com/americaonfire.htm
6-27-12 Contempt vote on Holder will
proceed...
...last-minute
talks fail
Black lawmakers plot 'walkout
strategy' during vote...
28.9% unemployment rate in
Yuma, AZ...
Merkel dismisses Spain, Italy
pleas for aid...
'EPIC' WILDFIRE RAGES IN
COLORADO...
300+ Homes Burned...
Obama Shrunk Aerial Firefighting
Fleet...
Adult Chimpanzee Fatally
Mauls Baby Chimp at LA Zoo...
ZIMMERMAN PASSED POLICE LIE
DETECTOR...
REPORT...
Syringes litter NYC beach...
ZOMBIE: Man who took
synthetic drug strangles dog, starts eating it...
POLL: Obama drops 8 points
with whites...
... 13-point plunge among
young voters
Obama Asks People Getting
Married To Forgo Gifts...
Donate To His
Campaign Instead... { Wobama is so pathetic! Sure, sacrifice for the
grifter wobamas so they can continue livin’ large on the taxpayer dime while
accomplishing nothing except greater public debt to hide his failure. This from
the record holder for fundraisers, 151 and counting. Then there’s the 100 plus
rounds of golf in addition to being famously over-vacationed while in office.
It’s laughable to hear him blame congress for his lack of accomplishments when
the reality is that he ‘really wasn’t there’ for any of it. For wobama the
presidency is just endless debate, rhetoric, campaigning, vacationing,
soundbites from the teleprompted speeches, jive-talk, b***s***, and ‘choom
fantasy’. He’s a total fraud and failure and anyone who buys into election-year
desperation / promises, etc., is just a fool of the worst kind! AP: ‘…THE FACTS: Five Senate Democrats voted against
sending the DREAM Act to the Senate floor for full consideration. The bill
would have created a path to citizenship for many young illegal immigrants
brought to the United States as children. Last week, Obama announced plans to
stop deporting illegal immigrants who would have qualified for the DREAM Act.
The policy change does not include a path to citizenship…’ Then there’s the other meretricious ‘wobama
desperation hail mary’ that once again falls short. Indeed, as an investor, one
analyzes earnings, projects prospective earnings over a 3-5 year horizon, and
the quality of the earnings along macro economic factors which are affected by
‘political considerations’. Does anyone remember the honorable Ross Perot who
warned of NAFTA’s effect on american jobs even as the democrat administration
et als were hell-bent on passing same? Should Romney have breached his legal
duty to shareholders and invested in companies with poor earnings prospects?
After all, in the financial / security analysis step of projecting the income
statement, prospective labor costs figure prominently in the bottomline. In
sum, Romney took conditions as he found them, and made the prudent choices
which as per his legal duty were optimal for those who put their trust in him.
For those who put their trust in proven failure wobama, all they have to show
for such misplaced trust are broken campaign promises, now insurmountable
record deficit spending exceeding all the presidents since Eisenhower combined
to obfuscate what clearly has been wobama’s unequivocal failure. }
Will accept your birthday or
anniversary gifts, too...
VIDEO: Obama Trips At
Campaign Event In Tampa...
ZOMBIE: Naked man bites off
chunk of arm...
PAPER: Obama's grandfather
tortured by the British? A fantasy (like most of the President's own memoir)...
{ http://albertpeia.com/wobamaschoomgangfantasy.htm }
JAILHOUSE
CALLS: Zimmerman told wife to buy bulletproof vest...
WAR
ZONE: 7 Killed, Dozens Wounded During Obama Visit to Chicago...
More
killed this year than in Afghanistan...
Bill
Maher: 'The Problem With Racism Is Matt Drudge'... { Oh riiiiight!
Drudge is the racist for reporting facts/reality concerning black on every
color crime along with black threats. What can you expect from maher who is an
null sum embarrassment/disgrace who like the italian scallion had married (and
I believe is now divorced from) a black (he like booby deniro need
rationalization)? } Here’s some reality for maher who doesn’t mahter:
U.S. Cannibal Updates:
Doctors release first photos of Miami cannibal victim...
**WARNING: Extremely
graphic** [ See here: http://albertpeia.com/blackcannibalswhitevicitm.htm ]
U.S. CANNIBAL UPDATES:
'Zombie Bullets' In High
Demand Following Cannibal Attacks...
COPS: Attacker bit off large
chunk of victim's face in bloody assault...
UPDATE: SOUTH BEACH CANNIBAL
WAS CARRYING BIBLE, HAD RECENTLY SMOKED POT...
NEW: Man Threatens To Eat
Cop...
'Growled,
opened and closed his jaw'...
Woman bites wig shop owner’s
bicep, spits flesh in face...
L.A. KINGS' $50,000 PUSHES
REWARD IN BABY'S SLAYING TO $100,000 June 6, 2012 { When are people going to awaken to the
reality of the uncivilized nigger? Where’s the outrage for this 1 year old baby
who unlike hoodie trayvon martin killed in self-defense (from niggers) was not
a thief and was totally innocent? The tragic outcomes for ignoring the threat
of the uncivilized niggers! }
http://albertpeia.com/blackonbrowncrime.htm
http://www.albertpeia.com/whitesvictimizedbyblacks.htm
Guest Post:
Liquidation Is Vital In light of the
zombification that now exists in Japan and
also America (and coming soon to every single QE and bailout-heavy Western
economy) — zombie companies, poorly managed, making all the same mistakes as
before, rudderless, and yet still in business thanks to government intervention
— it is clear that the liquidationists grasped something that Keynesians
are still missing. Markets are largely
no longer trading fundamentals; they are just trading state intervention and
money printing.
http://albertpeia.com/americandreamdestroyed.htm
Drudgereport:
6-26-12 ZIMMERMAN PASSED POLICE LIE
DETECTOR...
REPORT...
Stockton, CA braces for
bankruptcy...
HOLDER: 'It's Going to Get Really
Busy on Thursday, Apparently'...
Hoyer: Some Dems Will Vote
For Contempt...
Brewer: White House tells
Arizona to 'drop dead'...
MO Dem Sen to Skip Party's
Convention...
FLASHBACK: Obama's 'most
reliable surrogate' in 2008...
ANOTHER: GA Dem. Rep. to Skip
Convention...
PENTAGON HOLDS FIRST GAY
PRIDE EVENT...
ANOTHER ONE: Cruise Ship
Steward Sues Travolta...
ZIMMERMAN PASSED POLICE LIE
DETECTOR...
REPORT...
Syringes litter NYC beach...
ZOMBIE: Man who took
synthetic drug strangles dog, starts eating it...
POLL: Obama drops 8 points
with whites...
... 13-point plunge among
young voters
Obama Asks People Getting
Married To Forgo Gifts...
Donate To His
Campaign Instead... { Wobama is so pathetic! Sure, sacrifice for the
grifter wobamas so they can continue livin’ large on the taxpayer dime while
accomplishing nothing except greater public debt to hide his failure. This from
the record holder for fundraisers, 151 and counting. Then there’s the 100 plus rounds
of golf in addition to being famously over-vacationed while in office. It’s
laughable to hear him blame congress for his lack of accomplishments when the
reality is that he ‘really wasn’t there’ for any of it. For wobama the
presidency is just endless debate, rhetoric, campaigning, vacationing,
soundbites from the teleprompted speeches, jive-talk, b***s***, and ‘choom
fantasy’. He’s a total fraud and failure and anyone who buys into election-year
desperation / promises, etc., is just a fool of the worst kind! AP: ‘…THE FACTS: Five Senate Democrats voted against
sending the DREAM Act to the Senate floor for full consideration. The bill
would have created a path to citizenship for many young illegal immigrants
brought to the United States as children. Last week, Obama announced plans to
stop deporting illegal immigrants who would have qualified for the DREAM Act.
The policy change does not include a path to citizenship…’ Then there’s the other meretricious ‘wobama
desperation hail mary’ that once again falls short. Indeed, as an investor, one
analyzes earnings, projects prospective earnings over a 3-5 year horizon, and
the quality of the earnings along macro economic factors which are affected by
‘political considerations’. Does anyone remember the honorable Ross Perot who
warned of NAFTA’s effect on american jobs even as the democrat administration
et als were hell-bent on passing same? Should Romney have breached his legal
duty to shareholders and invested in companies with poor earnings prospects?
After all, in the financial / security analysis step of projecting the income
statement, prospective labor costs figure prominently in the bottomline. In
sum, Romney took conditions as he found them, and made the prudent choices
which as per his legal duty were optimal for those who put their trust in him.
For those who put their trust in proven failure wobama, all they have to show
for such misplaced trust are broken campaign promises, now insurmountable
record deficit spending exceeding all the presidents since Eisenhower combined
to obfuscate what clearly has been wobama’s unequivocal failure. }
Will accept your birthday or
anniversary gifts, too...
VIDEO: Obama Trips At
Campaign Event In Tampa...
ZOMBIE: Naked man bites off
chunk of arm...
PAPER: Obama's grandfather
tortured by the British? A fantasy (like most of the President's own memoir)...
{ http://albertpeia.com/wobamaschoomgangfantasy.htm }
June 25,
2012 By gpc1981
http://albertpeia.com/europeinsolvent.htm
Europe is heading into a full-scale disaster.
You see, the debt problems in Europe are not simply
related to Greece. They are SYSTEMIC. The below chart shows the official Debt
to GDP ratios for the major players in Europe.
http://albertpeia.com/toomuchdebt.htm
Drudgereport:
6-25-12 BOOK: Obama Team Squandered
Chance For 'Peace' in Afghanistan...
GALLUP: 44% Can't Name Obama's
Religion?
BAM: SUPREME COURT TO RULE
OBAMACARE ON THURSDAY...
BOOM: HOUSE VOTE HOLDER
CONTEMPT ON THURSDAY...
SHERIFF JOE: 'I'M
NOT STOPPING ANYTHING'
Stockton, CA faces midnight
deadline to avert bankruptcy...
Obama Booed At Boston
Fundraiser After Mocking Red Sox Trade...
BREWER: 'Assault' on AZ
continues...
Romney: States have right to
secure their borders...
Scalia warns of 'evil effects
of illegal immigration'...
Jimmy Carter Accuses USA of
'Widespread Abuse of Human Rights'...
U of Chicago Prof wants to
shelve Obama library idea...
POLL: Obama drops 8 points
with whites...
... 13-point plunge among
young voters
Obama Asks People Getting
Married To Forgo Gifts...
Donate To His
Campaign Instead... { Wobama is so pathetic! Sure, sacrifice for the
grifter wobamas so they can continue livin’ large on the taxpayer dime while
accomplishing nothing except greater public debt to hide his failure. This from
the record holder for fundraisers, 151 and counting. Then there’s the 100 plus
rounds of golf in addition to being famously over-vacationed while in office.
It’s laughable to hear him blame congress for his lack of accomplishments when
the reality is that he ‘really wasn’t there’ for any of it. For wobama the
presidency is just endless debate, rhetoric, campaigning, vacationing,
soundbites from the teleprompted speeches, jive-talk, b***s***, and ‘choom
fantasy’. He’s a total fraud and failure and anyone who buys into election-year
desperation / promises, etc., is just a fool of the worst kind! AP: ‘…THE FACTS: Five Senate Democrats voted against
sending the DREAM Act to the Senate floor for full consideration. The bill
would have created a path to citizenship for many young illegal immigrants
brought to the United States as children. Last week, Obama announced plans to
stop deporting illegal immigrants who would have qualified for the DREAM Act.
The policy change does not include a path to citizenship…’ Then there’s the other meretricious ‘wobama
desperation hail mary’ that once again falls short. Indeed, as an investor, one
analyzes earnings, projects prospective earnings over a 3-5 year horizon, and
the quality of the earnings along macro economic factors which are affected by
‘political considerations’. Does anyone remember the honorable Ross Perot who
warned of NAFTA’s effect on american jobs even as the democrat administration
et als were hell-bent on passing same? Should Romney have breached his legal
duty to shareholders and invested in companies with poor earnings prospects?
After all, in the financial / security analysis step of projecting the income
statement, prospective labor costs figure prominently in the bottomline. In
sum, Romney took conditions as he found them, and made the prudent choices
which as per his legal duty were optimal for those who put their trust in him.
For those who put their trust in proven failure wobama, all they have to show
for such misplaced trust are broken campaign promises, now insurmountable
record deficit spending exceeding all the presidents since Eisenhower combined
to obfuscate what clearly has been wobama’s unequivocal failure. }
Will accept your birthday or
anniversary gifts, too...
VIDEO: Obama Trips At
Campaign Event In Tampa...
ZOMBIE: Naked man bites off
chunk of arm...
PAPER: Obama's grandfather
tortured by the British? A fantasy (like most of the President's own memoir)...
{ http://albertpeia.com/wobamaschoomgangfantasy.htm }
JAILHOUSE
CALLS: Zimmerman told wife to buy bulletproof vest...
WAR
ZONE: 7 Killed, Dozens Wounded During Obama Visit to Chicago...
More
killed this year than in Afghanistan...
Bill
Maher: 'The Problem With Racism Is Matt Drudge'... { Oh riiiiight!
Drudge is the racist for reporting facts/reality concerning black on every
color crime along with black threats. What can you expect from maher who is an
null sum embarrassment/disgrace who like the italian scallion had married (and
I believe is now divorced from) a black (he like booby deniro need
rationalization)? } Here’s some reality for maher who doesn’t mahter:
U.S. Cannibal Updates: Doctors
release first photos of Miami cannibal victim...
**WARNING: Extremely
graphic** [ See here: http://albertpeia.com/blackcannibalswhitevicitm.htm ]
U.S. CANNIBAL UPDATES:
'Zombie Bullets' In High
Demand Following Cannibal Attacks...
COPS: Attacker bit off large
chunk of victim's face in bloody assault...
UPDATE: SOUTH BEACH CANNIBAL
WAS CARRYING BIBLE, HAD RECENTLY SMOKED POT...
NEW: Man Threatens To Eat
Cop...
'Growled,
opened and closed his jaw'...
Woman bites wig shop owner’s
bicep, spits flesh in face...
L.A. KINGS' $50,000 PUSHES
REWARD IN BABY'S SLAYING TO $100,000 June 6, 2012 { When are people going to awaken to the
reality of the uncivilized nigger? Where’s the outrage for this 1 year old baby
who unlike hoodie trayvon martin killed in self-defense (from niggers) was not
a thief and was totally innocent? The tragic outcomes for ignoring the threat
of the uncivilized niggers! }
http://albertpeia.com/blackonbrowncrime.htm
http://www.albertpeia.com/whitesvictimizedbyblacks.htm
The
USD Trap Is Closing: Dollar Exclusion Zone Crosses The Pacific As Brazil Signs
China Currency Swap When the US
Dollar is ultimately dethroned as the world's reserve currency (and finally
gets rid of all those ridiculous three letter post-Keynesian economic
"theories") nobody will have seen it coming. Well, nobody except for
the following headlines: ""World's
Second (China) And Third Largest (Japan) Economies To Bypass Dollar, Engage In
Direct Currency Trade", "China,
Russia Drop Dollar In Bilateral Trade", "China
And Iran To Bypass Dollar, Plan Oil Barter System", "India and Japan sign new
$15bn currency swap agreement", "Iran,
Russia Replace Dollar With Rial, Ruble in Trade, Fars Says", "India
Joins Asian Dollar Exclusion Zone, Will Transact With Iran In Rupees."
And while the expansion of the "dollar exclusion zone"
was actually quite glaring to anyone who dared to look, one thing was obvious:
it was confined to
WHERE IS THE
BROAD-BASED NATIONWIDE, WORLDWIDE COVERAGE THIS FRAUD OF THE CENTURY DESERVES? This is serious business; viz., that wobama’s
total b***s*** and an utter fraud! Are people too embarrassed to admit they’ve
been hoodwinked by this total fraud, conman, grifter? This is so egregious that
pathological is not nearly sufficient to describe what more aptly is nothing
short of borderline if not outright criminal.
(CNN) - David
Maraniss, who wrote the recently published Barack Obama
biography, "Barack Obama: The Story," on Wednesday characterized ...
New
Book Raises Questions About Obama's Memoir
New York
Times (blog) - by Michael Shear
PAPER:
Obama's grandfather tortured by the British? A fantasy (like most of the
President's own memoir)... By Toby
Harnden PUBLISHED: | UPDATED:{ http://albertpeia.com/wobamaschoomgangfantasy.htm }
‘A new biography of Barack Obama has established that
his grandfather was not, as is related in the President’s own memoir, detained
by the British in Kenya and found that claims that he was tortured were a
fabrication.
'Barack Obama: The Story' by David Maraniss
catalogues dozens of instances in which Obama deviated significantly from the
truth in his book 'Dreams from My Father: A Story of Race and Inheritance'. The
641-page book punctures the carefully-crafted narrative of Obama’s life…’
Drudgereport:
6-22-12 POLL: Obama drops 8 points
with whites...
... 13-point plunge among
young voters
Obama Asks People Getting
Married To Forgo Gifts...
Donate To His
Campaign Instead... { Wobama is so pathetic! This from the record
holder for fundraisers, 151 and counting. Then there’s the 100 plus rounds of
golf in addition to being famously over-vacationed while in office. It’s
laughable to hear him blame congress for his lack of accomplishments when the
reality is that he ‘really wasn’t there’ for any of it. For wobama the
presidency is just endless debate, rhetoric, campaigning, vacationing,
soundbites from the teleprompted speeches, jive-talk, b***s***, and ‘choom
fantasy’. He’s a total fraud and failure and anyone who buys into election-year
desperation / promises, etc., is just a fool of the worst kind! AP: ‘…THE FACTS: Five Senate Democrats voted against
sending the DREAM Act to the Senate floor for full consideration. The bill
would have created a path to citizenship for many young illegal immigrants
brought to the United States as children. Last week, Obama announced plans to
stop deporting illegal immigrants who would have qualified for the DREAM Act.
The policy change does not include a path to citizenship…’ Then there’s the other meretricious ‘wobama
desperation hail mary’ that once again falls short. Indeed, as an investor, one
analyzes earnings, projects prospective earnings over a 3-5 year horizon, and
the quality of the earnings along macro economic factors which are affected by
‘political considerations’. Does anyone remember the honorable Ross Perot who
warned of NAFTA’s effect on american jobs even as the democrat administration
et als were hell-bent on passing same? Should Romney have breached his legal
duty to shareholders and invested in companies with poor earnings prospects?
After all, in the financial / security analysis step of projecting the income
statement, prospective labor costs figure prominently in the bottomline. In
sum, Romney took conditions as he found them, and made the prudent choices which
as per his legal duty were optimal for those who put their trust in him. For
those who put their trust in proven failure wobama, all they have to show for
such misplaced trust are broken campaign promises, now insurmountable record
deficit spending exceeding all the presidents since Eisenhower combined to
obfuscate what clearly has been wobama’s unequivocal failure. }
Will accept your birthday or
anniversary gifts, too...
VIDEO: Obama Trips At
Campaign Event In Tampa...
GREEKS KICKED OUT OF EURO!
EU Battle Spills Off Soccer
Field...
Merkel heckled...
New Greek finance minister
hospitalized after fainting...
Support growing for return of
Deutschmark...
AMERICAN NIGHTMARE: SANDUSKY
CONVICTED ON 45 COUNTS OF CHILD SEX ABUSE...
BAIL REVOKED... { Sweet sandy, the ‘frolicking funloving
manchild’ (defense version), will have plenty of time for cornholin’ except,
who’d let him and who’d want him. }
ZOMBIE: Naked man bites off
chunk of arm...
PAPER: Obama's grandfather
tortured by the British? A fantasy (like most of the President's own memoir)...
{ http://albertpeia.com/wobamaschoomgangfantasy.htm }
JAILHOUSE
CALLS: Zimmerman told wife to buy bulletproof vest...
WAR
ZONE: 7 Killed, Dozens Wounded During Obama Visit to Chicago...
More
killed this year than in Afghanistan...
Bill
Maher: 'The Problem With Racism Is Matt Drudge'... { Oh riiiiight!
Drudge is the racist for reporting facts/reality concerning black on every
color crime along with black threats. What can you expect from maher who is an
null sum embarrassment/disgrace who like the italian scallion had married (and
I believe is now divorced from) a black (he like booby deniro need
rationalization)? } Here’s some reality for maher who doesn’t mahter:
U.S. Cannibal Updates: Doctors
release first photos of Miami cannibal victim...
**WARNING: Extremely
graphic** [ See here: http://albertpeia.com/blackcannibalswhitevicitm.htm ]
U.S. CANNIBAL UPDATES:
'Zombie Bullets' In High
Demand Following Cannibal Attacks...
COPS: Attacker bit off large
chunk of victim's face in bloody assault...
UPDATE: SOUTH BEACH CANNIBAL
WAS CARRYING BIBLE, HAD RECENTLY SMOKED POT...
NEW: Man Threatens To Eat
Cop...
'Growled,
opened and closed his jaw'...
Woman bites wig shop owner’s
bicep, spits flesh in face...
L.A. KINGS' $50,000 PUSHES
REWARD IN BABY'S SLAYING TO $100,000 June 6, 2012 { When are people going to awaken to the
reality of the uncivilized nigger? Where’s the outrage for this 1 year old baby
who unlike hoodie trayvon martin killed in self-defense (from niggers) was not
a thief and was totally innocent? The tragic outcomes for ignoring the threat
of the uncivilized niggers! }
http://albertpeia.com/blackonbrowncrime.htm
http://www.albertpeia.com/whitesvictimizedbyblacks.htm
Dave’s Daily: http://www.etfdigest.com http://etfdigest.com/commentary.html ‘As readers know I’ve been on the “down low” waiting for the Greek elections and FOMC statement. This, and staying liquid, proved the right move for now. After all, as someone famously said, “tomorrow’s another day.”Markets started the trading day inundated by a litany of crummy economic data. Jobless Claims (387K vs 383K expected & prior revised higher as per normal to 389K) made for a mild headline beat but overall the trend is worsening. The “flash” (why do we need one?) PMI estimate came in cold (52.9 vs 53.8 expected & prior 53.9); Bloomberg Consumer Comfort Index fell again (-37.9 vs -36.8 previous); Existing Home Sales were poor dropping 1.4% (4.55M vs 4.62M prior) or housing market not “fixed”; if that weren’t enough, the important Philly Fed Survey imploded (-16.6 vs .5 expected & prior -5.8). Put these together and Operation Twist seems pathetically inadequate requiring perhaps another Fed meeting adjustment which would be seen by many as more politically motivated. Let’s face it; Bernanke & Co have gotten things wrong. The administration and congress haven’t been helpful either.Goldman Sachs (GS), and no doubt prepositioned, issued a short S&P 500 call…
Propaganda, Lies,
And War ZeroHedge.com Tyler Durden
6-21-12 Despite already being
engaged in drone wars in Pakistan, Somalia, Yemen, and still occupying
Afghanistan, the U.S. is being duped into yet another war based on shaky
evidence and at the behest of deep-pocketed
special interests. This is coming even while a secretive
cyber war already being
waged to damage Iran’s nuclear capability. According to
the Pentagon, “computer sabotage coming from another country can constitute
an act of war.” Not only that, but the draconian sanctions thus far
placed on Iran are doing enormous harm to the citizens who hardly have a say in
what their government does. The Belgium-based SWIFT payment system that
facilitates most international payments has already denied
service to many Iranian banks. With the imposing of an oil
embargo from the European Union just around the corner (July 1st)
that will all but make it impossible for oil tankers to be insured by Lloyd’s
of London, an actual naval blockade is being
floated by U.S. lawmakers. Much like the Antebellum South and Japan,
Iran too is
being pushed into a corner.... Then and now, wealthy special interests are
a driving force behind American imperialism. Lies will be spun till they
are seen as facts. When the truth comes out, the irreparable damage will
already be done. Like anything the state lays its filthy hands on, war is
a racket. The beneficiaries of the ruling class’s gleeful foray into mass
murder are few in number. The masses, still brainwashed into feverish
nationalism, end up paying the costs with their pilfered income, eroded
liberty, and, ultimately, their own lives.
“You
Can Lose Freedom Only Once” Posted by : testosteronepit
Post date: 06/21/2012 - Swiss Minister of Defense
speaks up while Merkel joins the Axis of Evil , Ponzi
Comes Full Circle: ECB Will Rate Sovereign Bonds It Accepts As Collateral , Initial
Claims Miss For 7th Week In A Row, "Improve" From Last Week's Bogus
Revised Number And so the gaming
continues: Initial Claims miss expectations of a 383K print, coming at 387K, a
number which next week will be revised to 390K. This is the 7th miss in a row, and 23rd miss of the past 26 weeks.
It is also the highest 4 week average since December. But the mainstream media
has its soundbite: "initial
claims decline by 2,000" because, lo and behold, last
week's 386K print was revised to 389K. We have discussed this topic to death:
little to add here. The ceremonial scripting by the BLS continues full bore.
The only real data point in today's release: those collecting extended claims
continue to hit the 99-week cliff, as 42K more drop off Komrade Samov's free
lunch dole. Finally, judging by the somewhat muted positive market response to this
latest piece of horrible economic news, the data was bad but not bad enough: we
need a 400K+ print for the ES to get back to 1,400 it appears.
Data
Mining: Big Corporations Are Gathering Every Shred Of Information About You
That They Can And Selling It For Profit
http://albertpeia.com/datamining.htm , 120
Powerful Pieces Of Advice For Preppers
http://albertpeia.com/adviceforpreppers.htm
Was
BlackRock's Permabull Bob Doll Fired For Stealing Financial Models?
June 21,
2012 By gpc1981 http://albertpeia.com/germanypullout.htm
As I’ve ( Graham Summers ) assessed in earlier
pieces, neither the Fed, nor the IMF, nor the EFSF, nor the ECB has the
firepower or the political backing to prop up Spain or the EU.
This ultimately leaves the ESM, the permanent
European Stability Mechanism… which technically doesn’t even exist yet (it’s supposed to be ratified
by July 2012).
That’s right… the bailout fund which is meant to SAVE
Europe doesn’t even exist yet. And it’s not clear that it will anytime soon
either…
Indeed, in order for the ESM to be ratified it needs
the individual EU member states that will contribute 90% of its capitalization
to first ratify it on an individual basis.
Here’s the list of countries that represent that 90% of capital as well as the status
of their individual ratifications and the percentage of funding they are to
provide.
Country |
Ratified? |
Percentage of Capital |
Germany |
NO |
27% |
France |
YES |
20% |
Italy |
NO |
18% |
Spain |
NO |
12% |
Netherlands |
YES |
6% |
Belgium |
NO |
3% |
Greece |
YES |
3% |
Austria |
NO |
3% |
Portugal |
NO |
2% |
Finland |
NO |
2% |
Ireland |
NO |
1% |
Slovakia |
NO |
0.8% |
Slovenia |
YES |
0.5% |
Luxembourg |
NO |
0.2% |
Cyprus |
NO |
0.1% |
Estonia |
NO |
0.1% |
Malta |
NO |
0.07% |
To summate the above chart succinctly… only four of the required 17 countries have even
ratified the ESM (it’s supposed to be completely ratified in July 2012).
Moreover, you’ll note that the PIIGS as a whole are meant to contribute 36% of the
ESM’s FUNDING!!!! Spain and Italy alone are meant to contribute 30%!!!!
So… Spain is supposedly going to be bailed out by an
entitythat doesn’t even exist yet…
for which Spain is mean to
contribute 12% of the funding. And to top it off… Spain
hasn’t even ratified the fund
itself!!!
More importantly, neither has Germany. And it’s not
clear that it will either.
http://albertpeia.com/datamining.htm
6-21-12 GALLUP: OBAMA FALLS TO 43%...
Housing market hits 15-year
low...
Unlike 2,000-Death Count in
Iraq, ABCNBCPBSMSNBC Skip 2,000 Marker in Afghanistan...
Retiring Dem: 'The People
Have Gotten Dumber'...
Sandusky's son says his
father abused him...
Judge Bars Media From
Reporting Verdict Until Court Is Adjourned...
Italian PM: We have a week to
save eurozone...
Starving Greeks line up by
the thousands for food handouts...
ZOMBIE: Naked man bites off
chunk of arm...
PAPER: Obama's grandfather
tortured by the British? A fantasy (like most of the President's own memoir)...
{ http://albertpeia.com/wobamaschoomgangfantasy.htm }
JAILHOUSE
CALLS: Zimmerman told wife to buy bulletproof vest...
WAR
ZONE: 7 Killed, Dozens Wounded During Obama Visit to Chicago...
More
killed this year than in Afghanistan...
Bill
Maher: 'The Problem With Racism Is Matt Drudge'... { Oh riiiiight!
Drudge is the racist for reporting facts/reality concerning black on every
color crime along with black threats. What can you expect from maher who is an
null sum embarrassment/disgrace who like the italian scallion had married (and
I believe is now divorced from) a black (he like booby deniro need
rationalization)? } Here’s some reality for maher who doesn’t mahter:
U.S. Cannibal Updates:
Doctors release first photos of Miami cannibal victim...
**WARNING: Extremely
graphic** [ See here: http://albertpeia.com/blackcannibalswhitevicitm.htm ]
U.S. CANNIBAL UPDATES:
'Zombie Bullets' In High
Demand Following Cannibal Attacks...
COPS: Attacker bit off large
chunk of victim's face in bloody assault...
UPDATE: SOUTH BEACH CANNIBAL
WAS CARRYING BIBLE, HAD RECENTLY SMOKED POT...
NEW: Man Threatens To Eat
Cop...
'Growled,
opened and closed his jaw'...
Woman bites wig shop owner’s
bicep, spits flesh in face...
L.A. KINGS' $50,000 PUSHES
REWARD IN BABY'S SLAYING TO $100,000 June 6, 2012 { When are people going to awaken to the
reality of the uncivilized nigger? Where’s the outrage for this 1 year old baby
who unlike hoodie trayvon martin killed in self-defense (from niggers) was not
a thief and was totally innocent? The tragic outcomes for ignoring the threat of
the uncivilized niggers! }
http://albertpeia.com/blackonbrowncrime.htm
http://www.albertpeia.com/whitesvictimizedbyblacks.htm
CANNIBAL UPDATES:
CRUISED MIAMI IN 2010?
AMERICA’S FAILED ECONOMIC
APPROACH IN A NUTSHELL (image courtesy of Dave Fry http://etfdigest.com )
: http://albertpeia.com/insanity.jpg Well done, Dave! ,
Will
Toledo, Ohio Be The First Major American City To Be Owned By China? http://albertpeia.com/holytoledo.htm
http://albertpeia.com/holytoledo.htm
WHERE IS THE
BROAD-BASED NATIONWIDE, WORLDWIDE COVERAGE THIS FRAUD OF THE CENTURY DESERVES? This is serious business; viz., that wobama’s
total b***s*** and an utter fraud! Are people too embarrassed to admit they’ve
been hoodwinked by this total fraud, conman, grifter? This is so egregious that
pathological is not nearly sufficient to describe what more aptly is nothing
short of borderline if not outright criminal.
(CNN) - David
Maraniss, who wrote the recently published Barack Obama
biography, "Barack Obama: The Story," on Wednesday characterized ...
New
Book Raises Questions About Obama's Memoir
New York
Times (blog) - by Michael Shear
davidmaraniss.com/
“Maraniss
is a skillful, thorough writer with an eye for telling detail, … a fact-finding
contemporary historian with an artist's touch and feel.” – Ed Bark, Dallas ...
PAPER:
Obama's grandfather tortured by the British? A fantasy (like most of the
President's own memoir)... By Toby
Harnden PUBLISHED: | UPDATED:{ http://albertpeia.com/wobamaschoomgangfantasy.htm }
‘A new biography of Barack Obama has established that
his grandfather was not, as is related in the President’s own memoir, detained
by the British in Kenya and found that claims that he was tortured were a
fabrication.
'Barack Obama: The Story' by David Maraniss catalogues
dozens of instances in which Obama deviated significantly from the truth in his
book 'Dreams from My Father: A Story of Race and Inheritance'. The 641-page
book punctures the carefully-crafted narrative of Obama’s life…’
http://albertpeia.com/russiachinarational.htm
6-20-12 THE LONGEST DAY: EXECUTIVE
PRIVILEGE
House panel votes Holder in
contempt...
FULL HOUSE TO VOTE NEXT
WEEK...
OBAMA REFUSES TO TURN OVER
'FAST AND FURIOUS' DOCUMENTS...
PELOSI: 'I could have
arrested Karl Rove on any given day'...
Obama Spends More Than He
Raises...
Team shrugs off campaign
criticism...
Another Hollywood Fundraiser?
SHOCK: $9 Billion in
'Stimulus' for Green Projects Created Just 910 Jobs!
PAPER: Obama's grandfather
tortured by the British? A fantasy (like most of the President's own memoir)...
{ http://albertpeia.com/wobamaschoomgangfantasy.htm }
JAILHOUSE
CALLS: Zimmerman told wife to buy bulletproof vest...
WAR
ZONE: 7 Killed, Dozens Wounded During Obama Visit to Chicago...
More
killed this year than in Afghanistan...
Bill
Maher: 'The Problem With Racism Is Matt Drudge'... { Oh riiiiight!
Drudge is the racist for reporting facts/reality concerning black on every
color crime along with black threats. What can you expect from maher who is an
null sum embarrassment/disgrace who like the italian scallion had married (and
I believe is now divorced from) a black (he like booby deniro need
rationalization)? } Here’s some reality for maher who doesn’t mahter:
U.S. Cannibal Updates:
Doctors release first photos of Miami cannibal victim...
**WARNING: Extremely
graphic** [ See here: http://albertpeia.com/blackcannibalswhitevicitm.htm ]
U.S. CANNIBAL UPDATES:
'Zombie Bullets' In High
Demand Following Cannibal Attacks...
COPS: Attacker bit off large
chunk of victim's face in bloody assault...
UPDATE: SOUTH BEACH CANNIBAL
WAS CARRYING BIBLE, HAD RECENTLY SMOKED POT...
NEW: Man Threatens To Eat
Cop...
'Growled,
opened and closed his jaw'...
Woman bites wig shop owner’s
bicep, spits flesh in face...
L.A. KINGS' $50,000 PUSHES
REWARD IN BABY'S SLAYING TO $100,000 June 6, 2012 { When are people going to awaken to the
reality of the uncivilized nigger? Where’s the outrage for this 1 year old baby
who unlike hoodie trayvon martin killed in self-defense (from niggers) was not
a thief and was totally innocent? The tragic outcomes for ignoring the threat
of the uncivilized niggers! }
http://albertpeia.com/blackonbrowncrime.htm
http://www.albertpeia.com/whitesvictimizedbyblacks.htm
Wobama’s Choom
Gang Bangin’ { This brief video (11 mb) is well done and worth a watch! }
http://www.albertpeia.com/wobamaschoomgangbangin.wmv
PAPER:
Obama's grandfather tortured by the British? A fantasy (like most of the
President's own memoir)... By Toby
Harnden 6-19-12{ http://albertpeia.com/wobamaschoomgangfantasy.htm }
…
The big problem is that there is simply way, way, way
too much debt in the
....
#1 The yield
on 10 year Italian bonds has now risen to more than 6 percent.
#2 The yield
on 10 year Spanish bonds has now risen to more than 7 percent. This is
considered to be an unsustainable level.
#3 Citigroup
Chief Economist Willem Buiter says that both Italy and Spain are going
to need major bailouts.
#4 The
Spanish banking crisis continues to get worse. The following is from a
CNN article that was posted on Monday....
But the depth of the nation's crisis has raised
doubts about whether €100 billion will be enough to recapitalize the banks. For
example, the Bank of
#5 Unemployment
in
#6
Unemployment in the eurozone as a whole has hit a brand new all-time
record high.
#7 The
socialists won an outright majority in the recent
parliamentary elections in
#8 New French
President Francois Hollande has promised to implement a top tax rate of 75 percent on those making over 1
million euros a year.
#9 German
Chancellor Angela Merkel has declared that
#10 Analysts
at Citigroup Global Markets are projecting that the odds of
#11 Money is
being transferred from banks in southern Europe to banks in northern
Financial advisers and private bankers whose clients
have accounts too large to be covered by a Europe-wide guarantee on deposits up
to 100,000 euros ($125,000), are reporting a "bank run by wire
transfer" that has picked up during May…’
#19 Barack
Obama almost seems more focused on his golf game than on the problems the
global economy is having. He just finished up playing his 100th round of golf since he
became president. (Don’t forget as well, wobama’s record 150 fundraisers plus
heavily vacationed tenure leaves little time to accomplish anything; and, he
hasn’t!)
PAPER:
Obama's grandfather tortured by the British? A fantasy (like most of the
President's own memoir)... By Toby
Harnden 6-19-12{ http://albertpeia.com/wobamaschoomgangfantasy.htm }
‘A new biography of Barack Obama has established that
his grandfather was not, as is related in the President’s own memoir, detained
by the British in Kenya and found that claims that he was tortured were a
fabrication.
'Barack Obama: The Story' by David Maraniss
catalogues dozens of instances in which Obama deviated significantly from the
truth in his book 'Dreams from My Father: A Story of Race and Inheritance'. The
641-page book punctures the carefully-crafted narrative of Obama’s life.
One of the enduring myths of Obama’s ancestry is that
his paternal grandfather Hussein Onyango Obama, who served as a cook in the
British Army, was imprisoned in 1949 by the British for helping the
anti-colonial Mau Mau rebels and held for several months.
Obama’s step-grandmother Sarah, Onyango wife, who is
still living, is quoted in the future President’s memoir, as saying: ‘One day,
the white man’s askaris came to take Onyango away, and he was placed in a
detention camp.
More...Sarah Obama claimed that he was ‘whipped every
morning and evening’ by the British. ‘They would sometimes squeeze his
testicles with metal rods. They also pierced his nails and buttocks with a
sharp pin, with his hands and legs tied together. He was lucky to survive. Some
of his fellow inmates were mutilated with castration pliers and beaten to death
with clubs.’
But Maraniss, who researched Obama’s life ..no
remaining records of any detention, imprisonment, or trial of Hussein Onyango
Obama’. ..
This undermines the received wisdom that Obama’s
grandfather was a victim of oppression, an assumption that has in turn fuelled
theories that Obama harbours an animus towards
John Ndalo Aguk, who worked with Onyango before the
alleged imprisonment and was in touch with him weekly afterwards said he 'knew
nothing' about any detention and would have noticed if he had gone missing for
several months.
Zablon Okatch, who worked with Onyango as a servant
to American diplomats after the supposed incarceration, said: ‘Hussein was
never jailed. I know that for a fact…
.. ‘If you get arrested, you say it was the fight for
independence, but they are arrested for another thing.
‘.. If he was in Kamiti Prison for only a day, even if
for a day, I would have known.’
Maraniss also casts a sceptical eye on Obama’s
grandmother’s tales of racism in Kansas, doubting whether she was ever
chastised for addressing a black janitor as ‘Mister’ or ridiculed for playing
with a black girl.
Obama himself, Maraniss finds, deliberately distorted
elements of his own life to fit into a racial narrative…
Writing about his schooldays, Obama created a friend
called
Maraniss found, however, that Regina was based on
Caroline Boss, a white student leader at
The book also notes that Obama removed two white
roommates in
A tale of the father of Obama’s Indonesian stepfather
Soewarno Martodihardjo being killed by Dutch soldiers as he fought for
Indonesian independence turns out to be ‘a concocted myth in almost all
respects’..
According to the book, both Obama’s father and his
paternal grandfather were abusive towards women and Maraniss finds that Obama’s
story that he was abandoned by his father when he was two was false – in fact,
Obama’s mother fled to Washington state a year earlier, possibly because she
was being beaten.
A character in Obama’s memoir called Ray, portrayed
as a symbol of young blackness, is in fact based on a fellow pupil who was half
Japanese, part native American and part black and was not a close friend…
http://www.albertpeia.com/todayspage.htm
6-19-12 PAPER: Obama's grandfather
tortured by the British? A fantasy (like most of the President's own memoir)...
{ http://albertpeia.com/wobamaschoomgangfantasy.htm }
LEAK: USA, ISRAEL CREATED
'FLAME' VIRUS AIMED AT IRAN
Issa to Holder: Get ready for
contempt vote...
Negotiations stuck on getting
documents...
Greece's ailing economy
grinds to halt...
Companies can
no longer afford to pay employees...
French business frustration
boils over...
Spain and Italy to be bailed
out...
THERE HE BOWS AGAIN: OBAMA
MEETS MEX PRESIDENT...
Anti-Romney protesters paid
to heckle?
FEDS STIKE OUT AGAIN: Baseball's Clemens acquitted of all
charges... { How incredible is this? Trillion dollar wall street
frauds (ie., corzine et als) unprosecuted and walking freeh, while the feds are
persecuting Clemens over some ‘misperceived slight’. How pathetic these corrupt
incompetents are! http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm }
PALIN: DRUDGE HISTORY... { Drudge history? I
don’t even know what this headline means; but, I can tell you that palin’s
history!
Joe McGinniss Sarah Palin Book, 'The Rogue,' Makes
Controversial Claims About Former Alaska Governor ‘Joe
McGinniss's new book, The Rogue: Searching for the Real Sarah Palin,
hits bookstores next week, but its controversial claims about the former Alaska governor are
already making waves.
In the book,
McGinniss writes that Palin had a one-night stand in 1987 with future NBA basketball
player Glen Rice nine months before she married her husband Todd. He quotes a
friend who said Palin "had a fetish for black guys for a while."
"She was
a gorgeous woman. Super nice. I was blown away by her," Rice tells
McGinniss in the book, NBC reports. "Afterward, she was a big crush that I
had."
McGinniss's
book also alleges that Palin had an extramarital affair with her husband's
business partner, Brad Hanson, in the mid-1990s, and snorted cocaine off a
55-gallon oil drum while snowboarding.
"An utter
fraud. An absolute and utter fraud," McGinniss calls Palin in an interview about the book with NBC.
"At best,
she's a hypocrite," McGinniss tells NBC's
McGinniss famously
moved into a house next door to Palin's Wasilla, Alaska home
to write his book -- prompting the Palins to accuse him of stalking them. They built a high fence along their property to protect their
privacy.
In response to
McGinniss's book, Todd Palin gave a statement to NBC saying that McGinniss "spent the
last year interviewing marginal figures with an axe to grind in order to churn
out a hit piece to satisfy his own creepy obsession with my wife."
"I'd ask
the fathers and husbands of America to consider our privacy when one summer day
I found this guy on the deck of the rental property, just 18 feet away next
door to us, staring like a creep at my wife while she mowed the lawn in her
shorts," Palin said.
McGinniss says
that anything he learned about Palin by living next door did not make it into
the book, but he does become a character in the story himself.
The New
York Times writes in its review:
Soon
Mr. McGinniss is settling in to enjoy the fuss his mere presence has created.
"Normally, for a news story to continue beyond the first 24-hour news
cycle, something newsworthy must occur," he writes loftily, but "The
Rogue" is filled with proof to the contrary. What was his hate mail like?
He quotes it. What did Glenn Beck call him? That’s here too. Who took umbrage
at this venom and chose to help him? One man offered him a hideout, despite Mr.
McGinniss's slight skepticism about his motives. "But you don’t know
me," Mr. McGinniss protested.
McGinniss's book is scheduled to hit bookstores on
Tuesday, Sept. 20.’
The Rogue: Searching For The Real Sarah Palin' Cover Revealed Call it Palin Noir. Joe McGinniss' upcoming biography of Sarah Palin has a cover design more fitting for a detective novel. It has a bold...
Joe
McGinniss, Palin Neighbor & Author, Leaving Wasilla To Write Book ANCHORAGE,
Bristol Palin Interview Accidentally Reveals Mother's 15
Abortions
Forget
The Election Results - Greece Is Still Doomed And So Is The Rest Of Europe http://albertpeia.com/forgetelectiongreeceeuropedoomed.htm , No
One’s Asking the REAL Question That Matters for the EU… And It’s Going to Cost
Them gpc1981
‘..no one seems to be asking THE
key question regarding the EU: Just WHERE is the money for
this bailout going to come from?.. only four of the required 17 countries have
even ratified the ESM (it’s supposed to be completely ratified in July 2012).Moreover,
you’ll note that the PIIGS as a whole
are meant to contribute 36% of the ESM’s FUNDING!!!! Spain and Italy alone are
meant to contribute 30%!!!! So… Spain is supposedly going to be
bailed out by an entity that doesn’t even
exist yet… for which
Spain is mean to contribute 12% of the funding. And to top
it off… Spain hasn’t even ratified
the fund itself!!! More importantly, neither has Germany. And it’s not clear
that it will either. Folks, the
real deal is that Europe is out of money. End of story…’ ,
Massive Economic Collapse http://w3.newsmax.com/a/aftershockb/video47.cfm?PROMO_CODE=EF5E-1 , "Textbook
Economics" Quote Of The Day
ZeroHedge.com ‘For our quote of the day, we go to
none other than the Fed's favorite mouthpiece, the WSJ's
Jon Hilsenrath: Fed officials have been frustrated in the past year that low
interest rate policies haven't reached enough Americans to spur stronger
growth, the way economics textbooks say
low rates should... Multiply the fruit of cheap credit across
millions of households—with healthy portions of interest savings spent on goods
and services—and the U.S. should be recovering more quickly, according to textbook economics.
No... not the textbooks... Does this mean... Economics 101 is... nothing but
one epic lie, based on
Ponzi assumptions which work in a world of constant and gradual leveraging, and
completely fall apart in a deleveraging world such as the one we have now? , Biderman
On Europe: "Germany Must Say No To Greece, Spain, & Italy" , As
Part Of Its NEW QE Q&A, Goldman Warns Of Possibility For $50-$75 Billion
"Flow" Program , Guest
Post: How to Save Your Money And Your Life
‘You should do the following.
Credit
Slumps But VIX Dump Drives Equity Pump
, Three
Charts Your Stockbroker Won't Want You To See While every long-only manager and jobbing
stockbroker is hard at work twisting the simple logic of 'but, but Central Banks will print and save the
world' into a much more appetizing 'US decoupling, cleanest-shirt, ignore Europe, earnings, profits,
money-on-the-sidelines' euphemism, we note that the following three
charts from UBS suggest that things are not quite as rosy as one might believe
America’s Coming Depression Posted by : Bruce Krasting Post date: 06/17/2012 - 09:27 Happy Father's Day!
Drudgereport:
6-18-12 Bloomberg Overheard Saying
Romney Would Be Better at Running Country than Obama { Indeed, because it’s
true! } ...
FEDS STIKE OUT AGAIN: Baseball's Clemens acquitted of all
charges... { How incredible is this? Trillion dollar wall street
frauds (ie., corzine et als) unprosecuted and walking freeh, while the feds are
persecuting Clemens over some ‘misperceived slight’. How pathetic these corrupt
incompetents are! http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm }
PALIN: DRUDGE HISTORY... { Drudge history? I
don’t even know what this headline means; but, I can tell you that palin’s
history!
Joe McGinniss Sarah Palin Book, 'The Rogue,' Makes
Controversial Claims About Former Alaska Governor ‘Joe
McGinniss's new book, The Rogue: Searching for the Real Sarah Palin,
hits bookstores next week, but its controversial claims about the former Alaska governor are
already making waves.
In the book,
McGinniss writes that Palin had a one-night stand in 1987 with future NBA basketball
player Glen Rice nine months before she married her husband Todd. He quotes a
friend who said Palin "had a fetish for black guys for a while."
"She was
a gorgeous woman. Super nice. I was blown away by her," Rice tells
McGinniss in the book, NBC reports. "Afterward, she was a big crush that I
had."
McGinniss's
book also alleges that Palin had an extramarital affair with her husband's
business partner, Brad Hanson, in the mid-1990s, and snorted cocaine off a
55-gallon oil drum while snowboarding.
"An utter
fraud. An absolute and utter fraud," McGinniss calls Palin in an interview about the book with NBC.
"At best,
she's a hypocrite," McGinniss tells NBC's Savannah Guthrie. "At
worst, she's a vindictive hypocrite."
McGinniss
famously moved into a house next door to Palin's Wasilla, Alaska home
to write his book -- prompting the Palins to accuse him of stalking them. They built a high fence along their property to protect their
privacy.
In response to
McGinniss's book, Todd Palin gave a statement to NBC saying that McGinniss "spent the
last year interviewing marginal figures with an axe to grind in order to churn
out a hit piece to satisfy his own creepy obsession with my wife."
"I'd ask
the fathers and husbands of America to consider our privacy when one summer day
I found this guy on the deck of the rental property, just 18 feet away next
door to us, staring like a creep at my wife while she mowed the lawn in her
shorts," Palin said.
McGinniss says
that anything he learned about Palin by living next door did not make it into
the book, but he does become a character in the story himself.
The New
York Times writes in its review:
Soon
Mr. McGinniss is settling in to enjoy the fuss his mere presence has created.
"Normally, for a news story to continue beyond the first 24-hour news
cycle, something newsworthy must occur," he writes loftily, but "The
Rogue" is filled with proof to the contrary. What was his hate mail like?
He quotes it. What did Glenn Beck call him? That’s here too. Who took umbrage
at this venom and chose to help him? One man offered him a hideout, despite Mr.
McGinniss's slight skepticism about his motives. "But you don’t know
me," Mr. McGinniss protested.
McGinniss's book is scheduled to hit bookstores on
Tuesday, Sept. 20.’
The Rogue: Searching For The Real Sarah Palin' Cover Revealed Call it Palin Noir. Joe McGinniss' upcoming biography of Sarah Palin has a cover design more fitting for a detective novel. It has a bold...
Joe
McGinniss, Palin Neighbor & Author, Leaving Wasilla To Write Book ANCHORAGE, Alaska — Sarah Palin can take down the
fence. Palin's neighbor of three months on Wasilla's Lake Lucille, author Joe
McGinniss, is packing his...
Bristol Palin Interview Accidentally Reveals Mother's 15
Abortions WASILLA,
AK—Sarah Palin's political team was forced to do emergency damage control
Monday after the former Alaska governor's daughter Bristol accidentally
divulged on live television that her mother has undergone at least 15 abortions
over the past 30 years. "She's always telling me how special I am,
especially considering the five or six babies she aborted before I was
born," Palin, 20, said during a CNN interview in which she was asked if
she thought her mother would make a good president. "Then of course there
were the twins she aborted shortly after having me, another four abortions
after Willow somehow survived hers—but anyway, she's a wonderful mom. She just
gets pregnant a lot and doesn't always want to have the baby." Palin also
commended her mother's strength in carrying three babies with Down syndrome to
term, and then even choosing not to give Trig up for adoption like the others.
JAILHOUSE
CALLS: Zimmerman told wife to buy bulletproof vest...
WAR
ZONE: 7 Killed, Dozens Wounded During Obama Visit to Chicago...
More
killed this year than in Afghanistan...
Bill
Maher: 'The Problem With Racism Is Matt Drudge'... { Oh riiiiight!
Drudge is the racist for reporting facts/reality concerning black on every
color crime along with black threats. What can you expect from maher who is an
null sum embarrassment/disgrace who like the italian scallion had married (and
I believe is now divorced from) a black (he like booby deniro need
rationalization)? } Here’s some reality for maher who doesn’t mahter:
U.S. Cannibal Updates:
Doctors release first photos of Miami cannibal victim...
**WARNING: Extremely
graphic** [ See here: http://albertpeia.com/blackcannibalswhitevicitm.htm ]
U.S. CANNIBAL UPDATES:
'Zombie Bullets' In High
Demand Following Cannibal Attacks...
COPS: Attacker bit off large
chunk of victim's face in bloody assault...
UPDATE: SOUTH BEACH CANNIBAL
WAS CARRYING BIBLE, HAD RECENTLY SMOKED POT...
NEW: Man Threatens To Eat
Cop...
'Growled,
opened and closed his jaw'...
Woman bites wig shop owner’s
bicep, spits flesh in face...
L.A. KINGS' $50,000 PUSHES
REWARD IN BABY'S SLAYING TO $100,000 June 6, 2012 { When are people going to awaken to the
reality of the uncivilized nigger? Where’s the outrage for this 1 year old baby
who unlike hoodie trayvon martin killed in self-defense (from niggers) was not
a thief and was totally innocent? The tragic outcomes for ignoring the threat
of the uncivilized niggers! }
http://albertpeia.com/blackonbrowncrime.htm
http://www.albertpeia.com/whitesvictimizedbyblacks.htm
6-15-12 Dave’s Daily: http://www.etfdigest.com INVESTORS EXPECT BAILOUTS & QE { Keep this in mind as you read the data
infra, QE has blatantly failed and actually has exacerbated an already bad
economic situation for all but the frauds on wall street, yet the architects of
this unequivocal failure, viz., the incompetents at the fed, other bureaucrats,
pols, etc., clamor for more of the same (by Einstein’s or any other definition
that’s called insanity) } 6-15-12 ‘The
economic news Friday was terrible but that’s just leads to the cocktail
libation bulls want. Remember: “bad news is good” so get with the program
folks. The likely scenario is more bond buying and an extension of Operation
Twist (OT as in moving to “overtime”). The Empire State Mfg Survey (2.28 vs 13.8
expected & prior 17.09) was an unmitigated disaster. It implies a sub-50
ISM number soon. But wait, there’s more…as Consumer Sentiment (74.1 vs 77.5
expected & prior 79.3) also laid an egg. Industrial Production (-.1% vs 0%
expected & prior revised lower to 1%) completes the downward trend in
economic data…
Submitted by Tyler
Durden on 06/15/2012
‘Don't
read this if you have high blood pressure or if you are a client of MF Global's,
whose money is still held
by JP Morgan.
In
the meantime, Jon Corzine was, is and will always be a freeh man.
Submitted by Tyler Durden on
06/15/2012
Prisonplanet.com
| Lew Rockwell joins Alex to discuss the
latest in the Ron and Rand Paul controversy. { I include this and infowars/prisonplanet
headlines so as not to be accused of first amendment obstruction. Yet, I’m
constrained to point out that I was censored on the alex jones sites who
despite endlessly complaining about censorship, do so themselves (particularly
regarding American inherently criminal predispositions, which of course lead
ineluctably to much of what alex jones complains about, especially corruption).
Jones et als complain about jivetalking pre-disposed failed president and
dictatorial despot wobama yet seek to be wobama’s best friends in embracing
whatever it is that yields proven failure and ominously worse by a petulant
attitude that ignores the reality of flawed americana. Fortunately, the
grueling primary battle of which Ron Paul was a willing participant has yielded
the ultimate winner in November in the person of President Mitt Romney. Sadly,
jones remains ‘mr. tubby not too bright’ (he really isn’t that bright) from
Texas who just can’t help himself as the moth to the flame in ineluctably
embracing losing whenever he can, chiding others for not following his lemming path beyond the
precipice (ie., the wiser Rand Paul – Ron Paul was 77 and never resonated
despite equal opportunity to do so), which makes him a loser in spades. He’s
really become quite an embarrassment to anyone who has ever appreciated his
attempts to call a spade a spade! Signed: Al Peia I’ve logged in for this one comment only and
will post no others, and will delete the account registration in short order. http://albertpeia.com
} http://albertpeia.com/tubbyjonesnottoobright.htm
Drudgereport: 6-15-12 Obama
bundler in Chicago goes all in for Romney...
Foreign
holdings of US debt hit record high...
BIDEN:
'Great' cities in China, not America anymore...
REPORTER
INTERRUPTS OBAMA!
PRICKLY IN
ROSE GARDEN...
PRESIDENT
SCOLDS: 'I didn't ask for argument'...
But doesn't
take questions -- again!
EDITOR:
'A reporter's job is to ask questions'...
OBAMA TO
GRANT IMMUNITY TO YOUNG ILLEGALS...
FLASHBACK:
'The notion that somehow, by myself, I can do these things, it's just not
true'...
Joy and
anger...
SHERIFF JOE:
'They will still be arrested'...
Gov. Jan
Brewer Blasts 'Backdoor Amnesty' Move...
LIMBAUGH:
'Open Borders Friday'...
FACEBOOK
Told Regulators IPO Range Was Near Fair Value…{ Riiiiight! }...
Burglaries
rise as Greeks hoarde cash...
Central
banks prepare for turmoil...
EGYPT VOTES
AMID CHAOS
Man arrested
for public sex with teddy bear -- for fourth time...
BURGLARS
BREAK IN, BITE OFF VICTIM'S EAR...
U.S.
Cannibal Updates: Doctors release first photos of Miami cannibal victim...
**WARNING:
Extremely graphic** [ See
here: http://albertpeia.com/blackcannibalswhitevicitm.htm ]
'Zombie
Bullets' In High Demand Following Cannibal Attacks...
COPS:
Attacker bit off large chunk of victim's face in bloody assault...
UPDATE:
SOUTH BEACH CANNIBAL WAS CARRYING BIBLE, HAD RECENTLY SMOKED POT...
NEW: Man
Threatens To Eat Cop...
'Growled,
opened and closed his jaw'...
Woman bites
wig shop owner’s bicep, spits flesh in face...
http://albertpeia.com/blackonbrowncrime.htm
http://www.albertpeia.com/whitesvictimizedbyblacks.htm
CANNIBAL STRIKES IN
MARYLAND... { Yes, another black cannibal; with ties to wobama’s
home country of
South Beach Cannibal 'Put
Under Voodoo Curse'... {Riiiiight! That voodoo thing made him do it!
Oh yeah, that and the evil white man’s bathing salts also the culprit!}
'BATH SALTS' TRIGGERED SOUTH
BEACH CANNIBAL { Riiiight! Fine young black cannibal, driven
cannabalistic by bath salts made by those evil white overlords! How 'bout the inherent
cannabilistic trait as manifested here; the recurring theme of ‘Roots’, they’ll
choose white meat over dark meat every time!
Flash Mob of 40 black Kids
Storm 7-ELEVEN over Free Slurpee Promotion, Beat Manager, Raid Shelves...
REPORT: Woman viciously
beaten at MCDONALD'S drive-thru...
'This is for
you, you white b***ch! This is a grape soda!' {suspects - two black women and one black man }
HORROR: Mob of 20 'hooded
blacks' storm UK pub, drag man out, stab him to death...
COPS: 19-year-old white
student beaten by two separate black gangs...
Dershowitz: Zimmerman acted
in self-defense. so drop murder charge...
Evidence Backs Up George
Zimmerman's Version of Shooting...
Witness Told Cops: Trayvon
Straddling And Punching 'MMA Style'...
From
Pat Buchanan: As for racism, its ugliest manifestation is in
interracial crime, and especially interracial crimes of violence. Is Barack
Obama aware that while white criminals choose black victims 3 percent of the
time, black criminals choose white victims 45 percent of the time? Is Barack
aware that black-on-white rapes are 100 times more common than the reverse,
that black-on-white robberies were 139 times as common in the first three years
of this decade as the reverse? We have all heard ad nauseam from the Rev. Al
about Tawana Brawley, the Duke rape case and
The
reality is that blacks are an insoluble problem wherever they are. That’s not
going to ever change; not make-shift/make-work jobs; not programs; not anything
tried or to be tried; hence, they must be treated as exactly that – problems –
before a solution can be derived and fashioned. ] [ Send the blacks, including blackbama back to sub-saharan
Dave’s Daily: http://www.etfdigest.com CENTRAL BANKS THREATEN INTERVENTION 6-14-12 ‘We began Thursday with terrible Jobless Claims data (386K vs 375K exp & prior revised higher again to 380K). Further another 135K unemployed fell off the benefits rolls in one week. But, the previous theme the past few years now remains, “bad news is good” because the Fed and other central banks will launch more QE. In fact QE is going on now as the Fed today purchased (front ran) 30 year Treasury bonds ahead of the Treasury’s 30 year auction. { image – http://albertpeia.com/61412qe.jpg } This little bit of manipulation has been ubiquitous but has now expanded to a level not seen previously. In afternoon trading word started filtering (obviously early to insiders) that central banks were once again “all-in” in preparation to intervene in markets post Greek election chaos. All this began as rumors (hence, those in the know were able to push markets higher in a heartbeat) but then came news…’
The EU’s Real
Agenda: “Lie Until You Are About to Die”
June 14, 2012 By gpc1981 ‘The big news that
the markets are attempting to digest this week is the €100 billion Spanish
bailout. This action and the upcoming Fed FOMC meeting on June 19-20 will
dictate the market’s action over the next two weeks and possibly for the
remainder of the year.The first of these topics, the Spanish bailout, is an
extremely complicated affair. The key takeaway issues that need to be
considered are:
Let’s dive in.
Submitted by Tyler Durden on
06/14/2012
In browsing the last seven months of video commentary
that Charles Biderman, of TrimTabs, has produced, he is clear on one thing, "nothing has changed". With
an 'admittedly rigged' stock market now at the behest of global central banks
and the slow-motion train-wreck in Europe seemingly approaching the end of its
can-kicking-road, Biderman is
frustrated by the inane financial media's perpetual belief that we are 'a grand
plan' away from a return to the way the world was before the crisis began -
"We are not!" Wages and salaries in the
6-14-12 Germany sounds crisis alarm
as Italy, France demand progress...
Greek health system crumbles
under weight of crisis...
Working Without Pay...
ELECTION: Decisive Moment...
Obama Speech Gets Thumbs Down
From Political Press?
CHAOS IN CAIRO: MILITARY
CLAIMS CONTROL...
A sense of dread...
...coup d’état
Biden Praises 'Arab Spring'
on Same Day Egypt Dissolves Parliament...
Witness details shower encounter
in Sandusky sex abuse trial...
'Tickle Monster'...
Should have been charged in
1998...
Dozens of NYC students have phones stolen
in armed robbery...
Man Beaten By Mob Of Teens In Chicago On
Train Over Dropped iPhone..
U.S. Cannibal Updates:
Doctors release first photos of Miami cannibal victim...
**WARNING: Extremely
graphic** [ See here: http://albertpeia.com/blackcannibalswhitevicitm.htm ]
'Zombie Bullets' In High
Demand Following Cannibal Attacks...
COPS: Attacker bit off large
chunk of victim's face in bloody assault...
UPDATE: SOUTH BEACH CANNIBAL
WAS CARRYING BIBLE, HAD RECENTLY SMOKED POT...
NEW: Man Threatens To Eat
Cop...
'Growled,
opened and closed his jaw'...
Woman bites wig shop owner’s
bicep, spits flesh in face...
http://albertpeia.com/blackonbrowncrime.htm
http://www.albertpeia.com/whitesvictimizedbyblacks.htm
How
Can a Non-Existent Entity Bailout Spain… Or Anyone Else For That Matter? June 13, 2012 By gpc1981 ‘Spain’s Bailout is one big lie.I know, I
know… Spain is “saved” thanks to a €100 billion bailout.But no one is asking
just where this money will come from?The IMF isn’t involved. Nor is the ECB.The
EFSF, which can’t even raise €10 billion without having to step in to insure it
doesn’t have a failed bond auction isn’t a possibility (Germany doesn’t want
it).That leaves just the European Stability Mechanism (ESM)… except for the
little known fact that only FOUR of the necessary 17 EU members have ratified
legislation to even CREATE the ESM.That’s right… the ESM doesn’t even EXIST
yet.On top of this, Spain and Italy
make up 30% of the ESM’s supposed “funding.” That’s right,
nearly one third of the mega-bailout fund’s capital will come from countries
that are bankrupt themselves and are either already requesting bailouts (Spain)
or soon will be (Italy).Finally, and this is the REAL problem with the ESM…
Germany hasn’t OK’d it yet.In fact, German opposition leaders have stated point
blank that hoping for Germany to ratify the ESM before its due date (July 1) is
“completely unrealistic.”So… Spain is going to be bailed out by a non-existent
entity whose leading member likely won’t even have ratified its formation…
before July 1.Sure things could play out differently. But wasn’t Spain
literally on the verge of a systemic Crisis? And we’re talking about weeks…
possibly months before it gets a single Euro in bailout funds (assuming the
funds even show up at all).So I ask again… WHERE is the money going to come
from? It doesn’t exist. The whole Bailout is one big lie. The funds simply are
not there.Even if they were, €100 billion is NOTHING compared to the REAL
capital needs of Spanish banks. Heck, Bankia alone needs €24 billion… and
that’s just ONE BANK out of Spain’s €3 trillion banking system.Folks, if you
think we’re out of the storm yet in Europe, you’re in for a very VERY rude
surprise. It’s quite likely the EU won’t even exist in its current form before
the summer ends.The simple reason… THERE AREN’T ANY FUNDS LEFT TO PROP UP the
€46 TRILLION toxic sewer that is the EU banking system. End of story…’ , Moody's slashes Spain debt ratings three notches , Dave’s Daily: http://www.etfdigest.com THE FED BUYS TREASURY AUCTION 6-13-12 ‘Just
how does this little game of Finance 2012 work anyway? To quote our friends at Zero Hedge: “A month after the U.S.
Treasury sold $24 billion in 10 Year bonds at what was then a record low yield
of 1.86%, the U.S. government once again approaches that mysterious primary
dealer-repo nexus with the latest offer U.S. banks can't refuse: a $21 billion
reopening. What is notable about today's auction is that in about 40 minutes,
the auction will price at a record low yield of just about 1.63%, or 23 bps
lower to the last record yield. Where things get patently surreal, however, is
when one takes a look at today's POMO operation conducted by the Fed (remember
those). Because as can be seen on the table below from the NY Fed, at 11 AM
today, so precisely 2 hours before when the Treasury will complete its own
sale, bought $4.8 billion of... wait for it... 10 Year bonds.” (And,
you thought QE and POMO were over probably.) Two hours later the
Treasury auctioned $21 billion in 10 year bonds at a yield of 1.622%. You can
put 2 and 2 together, but this is the type of stuff which for the most part is
done behind the curtain and away from the MSM and financial media more absorbed
with Jaime Dimon. Call it what you will—three card Monte, Ponzi or just plain
manipulation.
Hannan:
"The Euro Is The Problem, Not The Solution" ZeroHedge.com Tyler
Durden , These
Three Spanish Banks Will Be Downgraded Tomorrow , Spain
Loses Final A Rating With Moodys Downgrade To Baa3, May Downgrade Further -
Full Text , Egan
Who Just Gave Spain The Triple Hooks
, Greek
Bank Run Update: Up To $1 Billion A Day Now
, SocGen's
Albert Edwards On Spain: "A Bailout Will Solve Nothing" , Treasury
To Sell 10 Year Bonds At Record Low Yield Two Hours After Fed Buys... 10 Year
Bonds , Europe Bailout #5
Is In The Books , Farage:
"The Euro Titanic Has Now Hit The Iceberg" , Retail
Sales Miss Ex-Autos, PPI Misses; Gold Soars On More QE Expectations Two
more data points, two more disappointments ,
Forget
Three Months: Italy May Have Two Weeks Tops, As "It Already Is Where Spain
Is Heading" , China seen as top economic power and Obama slips overseas , Unholy mess:
Vatican amidst mafia money-laundering scandal [ The unholy see? Or are they
conveniently blind? ] The Vatican Bank is under media fire as reports emerge
that Italian prosecutors suspect it of laundering Sicilian mafia bosses’
riches. , Ex-coach in Sandusky case tells of shower
scene San Francisco Chronicle ‘A
former Penn State assistant coach who was a central figure in Joe Paterno's
downfall testified Tuesday that he heard a "skin-on-skin smacking
sound" in a campus locker room one night in 2001 and saw something that
was "more than my brain could handle." Jerry Sandusky was standing
naked in the showers behind a boy, slowly moving his hips, Mike McQueary told
the jury. McQueary, one of the star witnesses in the child sexual abuse case
against Sandusky, said he had no doubt he was witnessing anal sex…’ , Accuser: Sandusky threatened me after assault , Pimco’s
Bill Gross via Twitter: Gross: Fed buys 10-yr notes at 11am; Treasury sells
10-yr notes at 2pm. One Hand Feeds the Other. Remarkable! , Retail
Sales in U.S. Declined for Second Month in May
I know, I know… Spain is “saved” thanks to a €100 billion
bailout.
But no one is asking just where this money will come
from?
The IMF isn’t involved. Nor is the ECB.
The EFSF, which can’t even raise €10 billion without
having to step in to insure it doesn’t have a failed bond auction isn’t a
possibility (Germany doesn’t want it).
That leaves just the European Stability Mechanism
(ESM)… except for the little known fact that only FOUR of the necessary 17 EU
members have ratified legislation to even CREATE the ESM.
That’s right… the ESM doesn’t even EXIST yet.
On top of
this, Spain and Italy make up 30% of the ESM’s supposed “funding.” That’s
right, nearly one third of the mega-bailout fund’s capital will come from
countries that are bankrupt themselves and are either already requesting
bailouts (Spain) or soon will be (Italy).
Finally, and this is the REAL problem with the ESM…
Germany hasn’t OK’d it yet.
{ I'm surprised they did this there and not here in
the states where drug-money laundering is among other significant crimes,
protected. My reply incorporates my direct experience concerning the foregoing
and then some here in the states:
I think you
should keep this in mind:
There's not
even the slightest doubt in my mind that they're already monitoring/wiretapping
phones/lines without warrants; and have been doing so for quite some time. [ I
actually confirmed this by measuring the impedance on my line with devices for
said purpose some time ago]. I personally haven't had such pressing need for
privacy; but I support your cause [I also believe they monitor everything you
see on your screen and their supercomputers are getting better/faster, etc.].
What I believe
this is about is their using/referencing same and such for charges, in court or
otherwise, etc..
You must
realize the law, arbitrarily enforced at best, coercive consistent with their
misguided agendas, is all but absolutely meaningless to them except as used to
further their respective agendas. The process is totally corrupt (the very few
exceptions are statistically insignificant). After all, you need only look so
far as the still unprosecuted largest wall street frauds, the government's
illegal drug trade, etc.. [Think of it in terms of arm-twisting without the
twisting; unless of course, you don't see/do things their way, in which case
you may experience the full weight of the law as they arbitrarily apply it.
Don't forget: they have the same employer.]
I've
experienced this first-hand:
http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
http://albertpeia.com/fbimartinezcongallard.htm
http://albertpeia.com/americangovernmentdrugtrafficking.htm
http://albertpeia.com/americascorruptiondrugtrade.htm
http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm
From a
somewhat recent post and my website: http://albertpeia.com
5-22-12 IF IT
WAS ONLY ONE THING ABOUT WOBAMA THAT MAKES HIM SO WRONG. YET, IT’S A MULTITUDE
OF REALITIES; FROM INVARIABLY BROKEN CAMPAIGN PROMISES (Roche 'The worst part of
it ...Obama, who vowed change, has done
almost nothing to fix any of it and in fact continues most of the policies that
helped get us here in the first place’ ‘INSIDE JOB’ Ferguson wins Oscar for Documentary on
the unprosecuted massive extant fraud in the (many) TRILLIONS by the frauds on
wall street ( and declares with oscar in hand that not one high level wall
street exec has been prosecuted … despite ‘earning’ billions from the fraud ) Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall
Street accountable for the meltdown. ‘THE
OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv , etc.) , TO VERY REAL
BIRTH ISSUES (WHAT PERSON FAILS TO GET THEIR PLACE OF BIRTH CORRECT – THE
FRAUDULENT WOBAMA KIND http://albertpeia.com/wasntbornintheusa.htm http://albertpeia.com/obp.jpg http://albertpeia.com/impeachobama.htm ) , TO THE CURRENT
OBFUSCATING FRAUD, Obama's Five
Trillion Dollar Lie http://albertpeia.com/obamas5trilliondollarlie.htm { the economy is already in depression in real terms when
taking into account real inflation numbers. Financial
Crisis Phase II Is Ahead at Forbes Bert Dohmen ‘ In late 2007, I wrote the book Prelude To Meltdown, predicting the global crisis that
occurred the following year. I now see a similar confluence of events ..
“the new recession has started.”… Over the past 33 years, we have called the
start of every recession..Currently, the GDP deflator is 1.8%, which hardly
reflects the true rise in prices. Therefore, what is counted as “growth,” is
actually price increases. Actual inflation..is now more than 11%. Using that to
adjust GDP for inflation, would show that the economy is now in a very sharp
contraction…’ } , WOBAMA ET ALS’ DISINGENUOUS ATTACKS
AGAINST ROMNEY ON WHAT WAS PRIZED AND LAUDED AS LEGAL, COMPETENT MANAGEMENT
INCREASING SHAREHOLDER WEALTH (THE TASK OF COMPETENT MANAGEMENT) IN THOSE
BLOATED, NON-COMPETITIVE TIMES CONTRASTED WITH WOBAMA’S UNPRECEDENTED FURTHER
BANKRUPTING OF THE NATION AND INDISPUTABLE FAILURE AS PRESIDENT (Obama's Legacy: A Failed Recovery & Double-Dip Recession Forbes / Mariotti ‘…There will be no significant
recovery in the United States of America while Barack Obama is President.
The evidence is overwhelming: everything Obama has tried to fuel a
recovery (with his Democratic allies in Congress) has failed. Statistics
claiming jobs saved by the stimulus package were mostly fiction, and cost
American taxpayers about $275,000 each. Nearly 2-1/2 million fewer Americans
have jobs than before the stimulus. Barack Obama has been President for 30
months—2-1/2 years. He spent the first year obsessed with passing Obamacare, a
program that doesn’t create jobs, but might destroy a lot of them. He
“bailed out” GM, but many believe that his interference didn’t save GM; it
merely cost taxpayers an extra $15-20 billion, and stole from legitimate
investors to buy off the UAW. His broken campaign promises are too
numerous to list…’). IT IS NOTHING SHORT OF TRAGEDY TO
SEE PEOPLE DELUDE AND MAKE FOOLS OF THEMSELVES IN SUPPORT OF JIVE-TALKING
GRIFTER/CON-MAN OBAMA. GOOD-BYE FORMER FAILED PRESIDENT WOBAMA … GOOD RIDDANCE!
http://www.albertpeia.com/todayspage.htm
http://albertpeia.com/todaysbusinesssummarylinks.htm
http://albertpeia.com/fbimartinezcongallard.htm http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm
http://albertpeia.com/22signsglobalrecessiondepression.htm
http://albertpeia.com
From:
Fight for the Future <[email protected]>
To: [email protected]
Sent: Tuesday, June 12, 2012 11:18 AM
Subject: CISPA vote delayed!
Ok, so here's
the latest on CISPA:
Insiders expected the Senate to vote in the week after they returned from
Memorial Day recess. But guess what? The week’s over, and no vote. Now we're
hearing the Senate might not vote until the 3rd or 4th week of June.
This is exactly what we want. CISPA's supporters are in a race against time: in
just 7 weeks Congress will shut down, election season kicks in, and the clock
runs out for CISPA. Even better, the fact that Congress postponed the vote
means they probably don't have enough "yes" votes yet.
The problem is, they’re working on a deal to get those votes. Which is why we
need every person receiving this in California to schedule a meeting at their
senator’s office. Call, get a time and date and report back, making sure we can
contact you. Others will follow your lead and offer to go with you. Let’s do
this -- we have to get into their offices before they finish cutting a deal and
pass this awful bill.
Click here to call to get a date and time for a meeting now!
(It’s super important)
The odds are against us, but the idea of giving the FBI, NSA, and local police
a permanent warrantless wiretap on our online life... well, it makes us sick.
Let’s win this one.
-Douglas and Zak
Fight for the Future
Drudgereport:
6-13-12 Fears rise over EU handling
of debt crisis...
Greeks Withdraw $1 Billion a Day Ahead of Vote...
CASINO BOSS BETS $10M ON
ROMNEY! { Good Bet! That’s a Winner! }
CHINA VOTED TOP ECONOMIC
POWER ON EARTH...
SLAP: RUSSIA DEFENDS ARMS
SALES TO SYRIA
MAG: Is legalizing weed
Obama's October surprise?
GERMAN MEDIA TURNS ON
OBAMA...
Unions organizing --
unemployed...
COPS: Naked Man High On 'Bath
Salts' Tries To Attack 3-Year-Old Girl On Miami Beach Playground...
U.S. Cannibal Updates:
Doctors release first photos of Miami cannibal victim...
**WARNING: Extremely
graphic** [ See here: http://albertpeia.com/blackcannibalswhitevicitm.htm ]
U.S. CANNIBAL UPDATES:
'Zombie Bullets' In High
Demand Following Cannibal Attacks...
COPS: Attacker bit off large
chunk of victim's face in bloody assault...
UPDATE: SOUTH BEACH CANNIBAL
WAS CARRYING BIBLE, HAD RECENTLY SMOKED POT...
NEW: Man Threatens To Eat
Cop...
'Growled,
opened and closed his jaw'...
Woman bites wig shop owner’s
bicep, spits flesh in face...
L.A. KINGS' $50,000 PUSHES
REWARD IN BABY'S SLAYING TO $100,000 June 6, 2012 { When are people going to awaken to the
reality of the uncivilized nigger? Where’s the outrage for this 1 year old baby
who unlike hoodie trayvon martin killed in self-defense (from niggers) was not
a thief and was totally innocent? The tragic outcomes for ignoring the threat
of the uncivilized niggers! }
http://albertpeia.com/blackonbrowncrime.htm
http://www.albertpeia.com/whitesvictimizedbyblacks.htm
Dave’s Daily: http://www.etfdigest.com BULLS ARE EXPECTING MORE FED QE 6-12-12
‘“I’ve been in favor of pretty much any accommodative policy I’ve heard about,”
said Charles Evans, President of the
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm
Establishing
capital controls is one of the worst forms of theft that a government can
impose. It traps people’s hard earned savings and their future income
within a nation’s borders. This trapped pool of capital allows the government
to transfer wealth from the people to their own coffers through excessive
taxation or rampant inflation… both of which soon follow.
… Jamie will
have a fun time explaining just how he let all of this happen for years while
potentially engaging in material 10(b)-5 fraud in his public filings and
statements.
http://endoftheamericandream.com
http://albertpeia.com/howtodietime.htm
{ First and foremost
clarification: There are no elite on this planet. The grim reality for this
planet is a dominant species descended from initially notochords, primitive
chordates, and relatively more recently primitive apes.
See generally, http://albertpeia.com/anthroindex1.htm , for a brief but sorrowful history of
man. }
‘What should be done with elderly Americans when they
become very seriously ill? Should we try to save their lives or should we
just let them die? Unfortunately, there is a growing consensus among the
"intellectual elite" that most elderly people are not going to have a
high enough "quality of life" to justify the expense of costly life
saving procedures. This philosophy is now being promoted very heavily
through mainstream news outlets, in our television shows and in big Hollywood
movies. The elite are attempting to convince us that killing off our sick
grandparents is cool and trendy. We are being told that "pulling the
plug" on grandma and grandpa is compassionate …”
Sobbing witness, 18, details sex abuse in Sandusky trial {
The defense: just a frolicking, cornholin’, fun-loving man-child; that sweet
sandy was! Riiiiight! ‘…
"After cracking my back and rubbing his hands down the back of my shorts
and blowing on the stomach, he, he put his mouth on my privates," the man
said, holding back sobs as a silent courtroom listened. "I
didn't know what to do. With all the thoughts running through my head I kind of
blacked out, I didn't want it to happen," the witness added. The witness
began to cry and said Sandusky later had forced him to put his mouth on the
coach's genitals…’ } http://albertpeia.com Crying witness gives graphic Sandusky account Witness: I saw Sandusky in the showers with a boy
6-12-12 DEFICIT DOUBLES IN
YEAR
POSTAL CHIEF: We're headed
for Greece...
'People ain't got jobs,
people are hurting'...
POLL: Obama rapidly losing
support among black voters { GOP: Don’t believe this, and don’t count on it!
Wobama will get near 100% of the black vote based on skin color alone and for
no other reason whatsoever! } ...
White support cracking...
Jewish support in NY drops
22% -- in 1
month!
UNION MEMBERS BAIL...
IMF chief Lagarde warns world
risks triple crisis...
NEXT: Worry for Italy Quickly
Replaces Relief for Spain...
Trevi fountain crumbling 'for
lack of maintenance'...
EU Mulls Worst-Case Scenarios If Greece Leaves Euro...
Spain deal 'will come apart
in less than a month'...
U.S. Cannibal Updates:
Doctors release first photos of Miami cannibal victim...
**WARNING: Extremely
graphic** [ See here: http://albertpeia.com/blackcannibalswhitevicitm.htm ]
U.S. CANNIBAL UPDATES:
'Zombie Bullets' In High
Demand Following Cannibal Attacks...
COPS: Attacker bit off large
chunk of victim's face in bloody assault...
UPDATE: SOUTH BEACH CANNIBAL
WAS CARRYING BIBLE, HAD RECENTLY SMOKED POT...
NEW: Man Threatens To Eat
Cop...
'Growled,
opened and closed his jaw'...
Woman bites wig shop owner’s
bicep, spits flesh in face...
L.A. KINGS' $50,000 PUSHES
REWARD IN BABY'S SLAYING TO $100,000 June 6, 2012 { When are people going to awaken to the
reality of the uncivilized nigger? Where’s the outrage for this 1 year old baby
who unlike hoodie trayvon martin killed in self-defense (from niggers) was not
a thief and was totally innocent? The tragic outcomes for ignoring the threat
of the uncivilized niggers! }
http://albertpeia.com/blackonbrowncrime.htm
http://www.albertpeia.com/whitesvictimizedbyblacks.htm
6-11-12
The
Economic Collapse Is Not A Single Event
http://albertpeia.com/economiccollapsenotsingleevent.htm , The
Spanish Bailout Explained With One Image
Zerohedge.com Tyler
Durden on 06/11/2012 Pretty
much says it all. http://albertpeia.com/suicidegun.jpg , Rajoy:
Pain in Spain to deepen despite bank rescue AP , Farage
On The Spanish Bailout: "A Reinforcement Of Failure" http://albertpeia.com/reinforcementoffailure.htm , Dave’s Daily: http://www.etfdigest.com MARKETS RETHINK SPAIN AND ITALY 6-11-12 ‘Most financial broadcasters were
excited about prospects for a substantial rally last night as the Spanish
bailout was announced. But, then there are those pesky details and fallout to
be dealt with. Will current Spanish sovereign debt be subordinate to freshly
issued eurozone loans? It seems that’s likely. For most of the trading day
Monday, Italian stocks (Fiat, Intesa & others)
were halted in trading as contagion worries persisted…Not so cheery news
came from the Fed which indicated
The
Spanish Bank Bailout: A Complete Walk Thru From Deutsche Bank , Bill
Buckler: "It's GIGO Time On Wall Street" Here is the conclusion of a
Submitted
by Tyler
Durden on 06/11/2012
Here
we go:
In other words, that money you thought you had... You
don't really have it. We can only hope
this message was not meant to restore confidence and prevent future bank runs.
Because if
http://albertpeia.com/suicidegun.jpg
Rajoy:
Pain in Spain to deepen despite bank rescue AP
Submitted by Tyler Durden on
06/10/2012 http://albertpeia.com/reinforcementoffailure.htm
http://albertpeia.com/economiccollapsenotsingleevent.htm
http://albertpeia.com/economiccollapsenotsingleevent.htm
Submitted by Tyler Durden on
06/10/2012 http://albertpeia.com/reinforcementoffailure.htm
6-11-12 DYSPHORIA: Dow spooked over
'Spailout,' drops 143 points...
NET WORTH OF
AMERICAN FAMILY FALLS 40% IN 3 YEARS...
HOUSE SETS
CONTEMPT VOTE ON HOLDER...
BOEHNER:
'Justice Department out of excuses'...
Issa expects
31 Dems to join...
FLA
TO SUE FEDS OVER VOTER PURGE
REPORT:
ITALIAN BANK DECLARES 'HOLIDAY'...
Bernanke
Bonds: Fed's Holdings of US Debt Soars 452% under Obama...
Eurozone
agrees to lend Spain up to $50 billion $125 billion...
Obama
campaign's data mining 'reaches far beyond anything politics has ever seen'...
'Obama Girl'
won't endorse Obama!
KARZAI
COMPLAINS: US failed to consult Afghans on airstrike...
Veiled
suicide bomber kills 4 soldiers...
'Canadian
cannibal' sent videos to 'fans'...
Did he
strike in Miami, too?
For election
favor, Obama looks to Merkel, again...
Seeks to woo
Hispanics...
Lanny Davis:
Vicious People Working For President...
WITNESS: 'I
was his girlfriend'...
'Victim No.
4 describes 'soap battles'... { The defense: just a frolicking,
cornholin’, fun-loving man-child; that sweet sandy was! Riiiiight! }
'Zombie
Bullets' In High Demand Following Cannibal Attacks...
COPS:
Attacker bit off large chunk of victim's face in bloody assault...
UPDATE:
SOUTH BEACH CANNIBAL WAS CARRYING BIBLE, HAD RECENTLY SMOKED POT...
NEW: Man
Threatens To Eat Cop...
'Growled,
opened and closed his jaw'...
Woman bites wig
shop owner’s bicep, spits flesh in face...
http://albertpeia.com/blackonbrowncrime.htm
http://www.albertpeia.com/whitesvictimizedbyblacks.htm
6-8-12 Dave’s Daily: http://www.etfdigest.com MARKETS RALLY ON LIGHT VOLUME 6-8-12 ‘Markets
started the day off weakly then rallied late because…wait for it, Spain is
rumored to be willing to ask for help, and Obama said European leaders face an
“urgent need to act”. No, you can’t make this kind of stuff up. His statement
is about as effective as a Kofi Annan Syrian peace plan. Search as I may, there
seems to be little hard news to explain Friday’s rally…’ , The
U.S. Economy By The Numbers: 70 Facts That Barack Obama Does Not Want You To
See http://albertpeia.com/70badfactsaboutuseconomy.htm , Hollywood
trip marks Obama's 150th fundraiser President Obama
Vacations. [VIDEO] | Most Watched Today | The ... http://www.mostwatchedtoday.com/president-obama-vacations It seems like every week
president Barack Obama is on another vacation or playing games. When does he plan to start fixing things here in
the
Market
Is More Fragile Now Than Pre-Lehman
The significant rise in global systemic risk that occurred in 2008
remained until mid 2010 when it began to subside a little as Jackson Hole and
QE2 seemed to allay fears somewhat. However, in the last year or so, BofA's market fragility index has soared higher
alarmingly signaling higher systemic risks than in the peak pre-Lehman era.
This confirms the massively elevated signal for global systemic risk that
credit markets are also sending.
Brodsky
On "Gold Monetization And The Big Reset" , JPM
Tries To Explain Why The Bailout Train In Spain Will Lead To Much More Pain , A
Game Of Euro Chicken From The German Perspective: "Playing Until the
Germans Lose Their Nerve" "The next stage in the crisis will be blatant
blackmail.... With their refusal to accept money from the bailout
fund to recapitalize their banks, the Spanish are not far from causing the entire
system to explode. They clearly
figure that the Germans will lose their nerve and agree to rehabilitate their
banks for them without demanding any guarantee in return that things will take
a lasting turn for the better."
CNet News | The United
Nations is considering a new Internet tax targeting the largest Web content
providers. Drudgereport: REPORT: UN to take up 'global
Internet tax' proposal … [ It is unfathomable that anyone takes such a failed
organization as the u.n. seriously; they’re a costly, extravagant, waste of
money! Any costs so leveyed should be deducted from dues foolishly and
wastefully paid to the u.n.. Time to abolish the u.n.! ] ... { The
UN Wants Complete Control Over The Internet And That Would Mean Unprecedented
Censorship, Taxes And Surveillance http://albertpeia.com/unwantscontrolofinternetforcensorshiptaxessurveillance.htm }
Submitted by Tyler Durden on
06/08/2012
Rick Davis of The Consumer Metrics Institute plays
Clark
http://albertpeia.com/70badfactsaboutuseconomy.htm
‘Why is the economy
going to collapse? Have you ever been asked that question? If so,
what did you say? Sometimes it is difficult to communicate dozens of complicated
economic and financial concepts in a package that the average person on the
street can easily digest. It can be very frustrating to know that
something is true but not be able to explain it clearly to someone else.
Hopefully many of you out there will find the list below useful. It is a
list of 70 numbers that show why we are headed for a national economic
nightmare. So why does the title of the article single out Barack
Obama? Well, it is because right now he is the biggest cheerleader for
the economy. He is attempting to convince all of us that everything is
just fine and that the economy is heading in a positive direction. Well,
the truth is that everything is not fine and things are about to get a whole
lot worse. Certainly others should share in the blame as well.
Congress has been steering the economy in the wrong direction for decades, the
"too big to fail" banks have turned Wall Street into a pyramid of
risk, leverage and debt, and the Federal Reserve has more power over the financial
system than anyone else does. Our economy has been in decline for quite a
while now, and soon we are going to smash directly into an economic brick
wall. Unfortunately, a lot of Americans are in denial about this. A
lot of people out there doubt that an economic collapse is coming. Well,
if you know someone that believes that the
The following are 70 facts that Barack Obama does not
want you to see....
$3.59 - When
Barack Obama entered the White House, the average price of a gallon of gasoline
was $1.85. Today, it is $3.59.
22 - It is
hard to believe, but today the poverty rate for children living in the
23 -
According to U.S. Representative Betty Sutton, an average of 23 manufacturing
facilities permanently shut down in the
30 - Back in
2007, about 10 percent of all unemployed Americans had been out of work for 52
weeks or longer. Today, that number is above 30 percent.
32 - The
amount of money that the federal government gives directly to Americans has
increased by 32 percent since Barack Obama
entered the White House.
35 -
40 - The
official
42 -
According to one survey, 42 percent of all American workers are
currently living paycheck to paycheck.
48 - Shockingly,
at this point 48 percent of all Americans are either
considered to be "low income" or are living in poverty.
49 - Today,
an astounding 49.1 percent of all Americans live in
a home where at least one person receives benefits from the government.
53 - Last
year, an astounding 53 percent of all
60 -
According to a recent
61 - At this
point the Federal Reserve is essentially monetizing
much of the
63 - One
recent survey found that 63 percent of all Americans believe that
the
71 - Today,
71 percent of all small business
owners believe that the
80 -
Americans buy 80 percent of the pain pills sold on the
entire globe each year.
81 - Credit
card debt among Americans in the 25 to 34 year old age bracket has risen by 81 percent since 1989.
85 - 85
percent of all artificial Christmas trees are made in China.
86 -
According to one survey, 86 percent of Americans workers in their
sixties say that they will continue working past their 65th birthday.
90 - In the
93 - The
United States now ranks 93rd in the world in income
inequality.
95 - The middle
class continues to shrink - 95 percent of the jobs lost during the last recession
were middle class jobs.
107 - Each
year, the average American must work 107 days just to make enough money to pay
local, state and federal taxes.
350 - The
average CEO now makes approximately 350 times as much as the average American worker makes.
400 -
According to Forbes, the 400 wealthiest Americans have more wealth than the
bottom 150 million Americans combined.
$500 - In some
areas of
627 - In 2010,
877 - 20,000
workers recently applied for just 877 jobs at a Hyundai plant in
900 - Auto
parts exports from
$1580 - When
Barack Obama first took office, an ounce of gold was going for about
$850. Today an ounce of gold costs more than $1580 an ounce.
1700 - Consumer
debt in
2016 - It is
being projected that the Chinese economy will be larger than the
$4155 - The
average American household spent a staggering $4,155
on gasoline during 2011.
$4300 - The
amount by which real median household income has declined since Barack
Obama entered the White House.
$6000 - If you
can believe it, the median price of a home in
$10,000 -
According to the Employee Benefit Research Institute, 46 percent of all American workers have
less than $10,000 saved for retirement, and 29 percent of all American workers have
less than $1,000 saved for retirement.
49,000 - In 2011,
our trade deficit with
50,000 - The
56,000 - The
$85,000 -
According to the New York Times, a Jeep Grand
Cherokee that costs $27,490 in the
$175,587 - The
Obama administration spent $175,587 to find out if cocaine causes Japanese quail to
engage in sexually risky behavior.
$328,404 - Over the
next 75 years, Medicare is facing unfunded liabilities of more than 38 trillion
dollars. That comes to $328,404 for each and every household in
the
$361,330 - This is
what the average banker in
440,00 - If the
federal government began right at this moment to repay the
500,000 -
According to the Economic Policy Institute,
2,000,000 - Family farms are being systematically wiped out of
existence in the
$2,000,000 - At this
point, the
2,600,000 - In 2010,
2.6 million more Americans fell into poverty. That was
the largest increase that we have seen
since the
5,400,000 - When
Barack Obama first took office there were 2.7 million long-term unemployed
Americans. Today there are twice as many.
16,000,000 - It is
being projected that Obamacare will add 16 million more Americans
to the Medicaid rolls.
$20,000,000 - The
amount of money the
25,000,000 - Today,
approximately 25 million American adults are living
with their parents.
40,000,000 -
According to Professor Alan Blinder of
46,405,204 - The
number of Americans currently on food stamps. When Barack Obama first
entered the White House there were only 32 million Americans on food stamps.
88,000,000 - Today
there are more than 88 million working age Americans that
are not employed and that are not looking for employment. That is an
all-time record high.
100,000,000 - Overall,
there are more than 100 million working age Americans
that do not currently have jobs.
$150,000,000 - This is
approximately the amount of money that the Obama administration and the
$2,000,000,000 - The
amount of money that JP Morgan has admitted that it will lose from derivatives
trades gone bad. Many analysts are convinced that the real number will
actually end up being much higher.
$147,000,000,000 - In the
295,500,000,000 - Our
trade deficit with
$359,100,000,000 - During
the first quarter of 2012,
$454,000,000,000 - During
fiscal 2011, the
$1,000,000,000,000 - The
total amount of student loan debt in the
$1,170,000,000,000 -
$1,600,000,000,000 - The
amount that has been added to the
$5,000,000,000,000 - The U.S.
national debt has risen by more than 5 trillion dollars
since the day that Barack Obama first took office. In a little more than
3 years Obama has added more to the national debt than the first 41 presidents
combined.
$5,000,000,000,000 - What the
real
$11,440,000,000,000 - The
total amount of consumer debt in the
$15,734,596,578,458.59 - The
$200,000,000,000,000 - Today, the 9 largest banks in the
Drudgereport: UPDATE: S&P keeps US
rating unchanged, outlook 'negative'...
Obama Backs Off Comment
'Private Sector Is Doing Fine'...
Argentina loses third of its
dollar deposits...
...foreign
exchange restrictions
'FACEBOOK Funds' Plunge...
UBS May Have Trading Loss of $350 Million...
REPORT: High school cancels
Hollywood producer's grad speech over 'right-wing' views...
'Zombie Bullets' In High
Demand Following Cannibal Attacks...
COPS: Attacker bit off large
chunk of victim's face in bloody assault...
UPDATE: SOUTH BEACH CANNIBAL
WAS CARRYING BIBLE, HAD RECENTLY SMOKED POT...
NEW: Man Threatens To Eat
Cop...
'Growled,
opened and closed his jaw'...
Woman bites wig shop owner’s
bicep, spits flesh in face...
http://albertpeia.com/blackonbrowncrime.htm
http://www.albertpeia.com/whitesvictimizedbyblacks.htm
Guest Post: God Don't Save The Queen { You know, I recently have become somewhat
bored of the topic ‘jolly old england’ despite their glaring failure across the
board, and a noisome intrusiveness as here, for me, ie., orange street, conn.
( http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ) , etc.,
and all the negatives entailed therewith; yet, there’s something so nauseating
about that cloyingly bothersome nothingness that bespeaks old england, that ‘go
along, get along and pretend’, that I include the following from Zerohedge.com
that’s accurate, fair comment. } "Crowds Cheer Queen On Last Day of Jubilee"
So ran the headline from Time.
Yesterday marked the end of the “Diamond Jubilee” of Queen Elizabeth II of the
British monarchy. The four day celebration was is honor of her ascendancy
to the throne sixty years ago. Monarchies
are supposed to be antithetical to freedom. Under
feudalistic monarchism, the notion of personal liberty took a backseat to
loyalty to the king. Those who weren’t part of or close to the nobility
were referred to as subjects. These peasants were to serve without
question. Today, the only difference
between the systematic malfeasance and plunder that existed under the rule of
monarchs and that which defines the state is the ballot box.
Voters in a sense get to choose a small portion of their rulers. This
gives them the mirage of freedom when the nation-state they inhabit is no less
than a contemporary field of serfdom lorded over by kings. Too much of the public still behaves with the mindset
of servants. They are pathetically docile to those who hold the keys of
their shackles. What the celebration of Queen
Elizabeth’s sixty year rule showed is that the people of Great Britain never
really escaped from monarchy. See
also, http://albertpeia.com/esotericagenda.flv , David Takes On The Porn-Addicted Goliath: Egan-Jones
Countersues The SEC A
month and a half after the SEC
took a much-deserved break from watching
taxpayer-funded pornography, and stumbled on the scene with its latest
pathetic attempt to scapegoat someone, anyone, for its years of gross
incompetence, corruption, and inability to prosecute any of the true
perpetrators for an event that wiped out tens of trillions in US wealth, by
suing Egan-Jones for "improperly" filing their NRSRO application in
what was a glaring attempt to shut them up, the only rating agency with any credibility has done what nobody else
in the history of modern crony capitalist-cum-socialist America has dared to
do: fight back. We have
only three words for Sean Egan: ‘For the Win!’
, Systemic Risk For Dummies Following the success of the "Dummies
Guide To Europe's Problems" and the "Global
Economic Collapse For Dummies", we present "Systemic Risk For
Dummies". With global systemic risk at March 2009 highs and nearing
November 2011 all-time peak levels, perhaps it is worth considering just what
it is that all this TBTF-saving money-printing has achieved? , Consumer
Credit Misses, As Fed Magically Creates $1.5 Trillion In Net Worth Out Of Thin
Air
The
Criminal Banking Cartel's End Game: A 100% Digital Monetary System
Posted by: smartknowledgeu
Post date: 06/07/2012 The end game of this global monetary crisis is the
imposition of a 100% digital monetary system that would permanently end what
little economic freedoms we still retain today. Educate. Resist. Fight...
http://albertpeia.com/criminalcartel.htm { I agree with the thrust of this article
which I’ve yet to read in full; if only to emphasize that with a mouse
click/button/keystroke/enter you could easily be separated from your
money/wealth which is a formidable intimidating threat consistent with planned
subservience (and also facilitating manipulated fraud, etc.). And, don’t think
they wouldn’t do it, meaningless, arbitrarily enforced laws notwithstanding.
Don’t forget; government slugs all have the same employer. I experienced the
corruption first-hand: http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
http://albertpeia.com/fbimartinezcongallard.htm
http://albertpeia.com/americangovernmentdrugtrafficking.htm
http://albertpeia.com/americascorruptiondrugtrade.htm
http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm
Drudgerept:ROMNEY AHEAD
IN MICHIGAN/Unemployment in Greece 22%./CANNIBAL UPDATES
SPAIN: SAVE OUR BANKS OR
BREAK EURO...
Germany Finalizing Face-Saving Deal...
Long lines at pharmacies in
Greece...
France cuts retirement age --
TO 60...
US blamed for on-going
massacre in Syria...
Holder Claims Emails Using
Words 'Fast and Furious' Don't Refer to Operation 'Fast and Furious'...
REPORT: 'Mole' inside DOJ...
HALPERIN: DEMS NOW BELIEVE
OBAMA COULD LOSE { Duh! Truth
be told, as I’ve already told it on my website, that is ‘fait accomplis’! }
ROMNEY CASH HAUL
TOPS OBAMA...
'Gender gap' narrows...
SHOCK POLL: ROMNEY AHEAD IN
MICHIGAN { This should come as no surprise inasmuch as Michigan has suffered
under the hapless wobama while becoming blacker with all the negatives entailed
therewith. Michigan’s prospects along with the suffering rust belt as with the
rest of the nation will only be enhanced by Romney’s Presidency! } ...
Black Rock: 'We Ignore the
President's Whiteness, But It's There' { This election, wobama’s blackness
won’t be ignored! } ...
PELOSI: Health law represents
'life, liberty and pursuit of her’s and wobama’s happiness'...
POLL: Large majority want
Supreme Court to overturn...
Bill Clinton 'very sorry' for
saying Bush tax cuts should be extended...
UPDATE: Senator Demands
Inquiry Into Attacks on Conservative Commentators...
U.S. CANNIBAL
UPDATES:
'Zombie Bullets' In High
Demand Following Cannibal Attacks...
COPS: Attacker bit off large
chunk of victim's face in bloody assault...
UPDATE: SOUTH BEACH CANNIBAL
WAS CARRYING BIBLE, HAD RECENTLY SMOKED POT...
NEW: Man Threatens To Eat
Cop...
'Growled, opened
and closed his jaw'...
Woman bites wig shop owner’s
bicep, spits flesh in face...
L.A. KINGS' $50,000 PUSHES
REWARD IN BABY'S SLAYING TO $100,000 June 6, 2012 { When are people going to awaken to the
reality of the uncivilized nigger? Where’s the outrage for this 1 year old baby
who unlike hoodie trayvon martin killed in self-defense (from niggers) was not
a thief and was totally innocent? The tragic outcomes for ignoring the threat
of the uncivilized niggers! }
http://albertpeia.com/blackonbrowncrime.htm
http://www.albertpeia.com/whitesvictimizedbyblacks.htm
CANNIBAL UPDATES:
CRUISED MIAMI IN 2010?
COPS: Canadian cannibal on
run in France -- dressed as woman...
CANNIBAL CAPTURED IN
BERLIN...
Arrested at Internet cafe --
looking up stories on himself!
Shady, Master of Disguise...
{ U.S. Cannibal
Update }: Maryland cannibal ranted on FACEBOOK...
REPORT: Woman viciously
beaten at MCDONALD'S drive-thru...
'This is for
you, you white b***ch! This is a grape soda!' { The description of the suspects - two black women and
one black man - is vague. The best clue police have to go on right now is they
were driving a light-blue Cadillac with temporary tags. }
HORROR: Mob of 20 'hooded
blacks' storm UK pub, drag man out, stab him to death...
Half of Florida high school
students fail reading test...
COPS: 19-year-old white
student beaten by two separate black gangs...
Fed's Beige Book Is
Out Submitted by Tyler Durden on
06/06/2012
Everyone
will be scouring for apocalyptic suggestions (need.moar.NEW
The
US Labor Market Is In A Full-Blown Depression ‘Now that stocks are back to
reflecting nothing more than expectations of how many times the Chairsatan
dilutes the existing monetary base in a carbon copy replica of not only 2011
but also 2010... and 2009 (because contrary to what purists may believe, the
only way to inflate away unsustainable debt in a growth-free economy is by destroying the currency), and manic
pattern chasers have crawled out of their holes proclaiming the death of the
bear market after a two day bounce, what is happening in the actual economy, no
longer reflected by the market, has once again been pulled back to the
backburner. Which is sad, because while ever fewer people reap the benefits of
artificial, centrally-planned S&P rallies, the rest of the population
suffers, and what is worse: hope for a quiet, middle-class life is now an
endangered species. Nowhere is this more evident than in the following list
from David Rosenberg which summarizes how, quietly, the
One Sick Labor Market
There were
so many disturbing elements to the May jobs data that we're not sure we can do
justice to the litany of disappointments (with some help from our friends at
the Investor's Business Daily):
http://albertpeia.com/10signsamericanhighwaysnowhightechprisongrid.htm
France cuts
retirement age -- TO 60...
Germany
Finalizing Face-Saving Deal for Spain...
UH O...
WALKER WINS
[AGAIN]...
'RECALL'
DEFEAT SPELLS DOOM FOR PUBLIC SECTOR UNIONS...
Voters in
California Back Pension Cuts for City Workers...
ROMNEY:
'TONIGHT'S RESULTS WILL ECHO BEYOND BORDERS OF WISCONSIN'...
'PULITZER'
NEWSPAPER MOCKS DRUDGE FOR INFORMING READERS...
MEDIA BLOWS
IT...
'Kill Scott
Walker': Angry libs flood TWITTER...
WASHPOST:
7-point victory 'close vote'...
Pelosi:
Ghosts of past women leaders spoke at White House meeting...
Stocks rise
on hopes of new Fed pumping...
'Very Worried'
About EU Banks...
Debt Per
American Set to Triple in a Generation to $147,000...
CLINTON: USA
Already in 'Recession,' Extend Bush Tax Cuts...
WHITE HOUSE:
Nope...
BUBBA: 'I
didn't have any idea' undermining Obama's campaign message...
VANITY FAIR:
'HE DOESN'T NEED PEOPLE'...
Four years ago, Barack Obama
said he wanted a Lincoln-esque “team of rivals” in his Cabinet. Thanks to his
own temperament, the modern White House, and the 24-hour news cycle, what the
president has created is something that doesn’t look Lincoln-esque at all. {
Come on! Does anyone at this point take anything wobama the b for b***s***
says, past or present, seriously? He’s total b***s***, end of story! }
COPS:
Attacker bit off large chunk of victim's face in bloody assault...
UPDATE:
SOUTH BEACH CANNIBAL WAS CARRYING BIBLE, HAD RECENTLY SMOKED POT...
NEW: Man
Threatens To Eat Cop...
'Growled,
opened and closed his jaw'...
Woman bites
wig shop owner’s bicep, spits flesh in face...
http://albertpeia.com/blackonbrowncrime.htm
http://www.albertpeia.com/whitesvictimizedbyblacks.htm
CANNIBAL
UPDATES: CRUISED MIAMI IN 2010?
US
Non-Manufacturing ISM Beats Modestly As Employment Index Tumbles To Year Lows Zerohedge.com , Ignore
the Rumors… Central Banks Are Pulling Back… Guess What Comes Next? http://albertpeia.com/centralbankspullingbacksoignorerumors.htm , The
CBO Will Need A Bigger Chart To Forecast Exponentially-Rising US Debt , America
In Decline: The Soul Crushing Despair Of Lowered Expectations http://albertpeia.com/americaindeclineandloweredexpectations.htm ,
, Steve
Liesman's Modest Proposal: America Must Bail Out Europe { Riiiiight! What a dumb thing to say … after
all, Who’s going to bail out the US, who’s going to clean up the mess they call
US - The
Real Obama Budget Deficit For 2011: 5 Trillion Dollars http://albertpeia.com/2011realobamabudgetdeficit5trillion.htm
(Related: 34
Shocking Facts About U.S. Debt That Should Set America On Fire With Anger http://albertpeia.com/34shockingfactsofusdebt.htm ) America’s
debt woe is worse than Greece’s News
(CNN) — ‘Our government is utterly broke. There are signs everywhere one
looks…The government’s total indebtedness is $211 trillion’
… } ,
21
Signs That This Could Be A Long, Hot, Crazy Summer For The Global Financial
System http://albertpeia.com/21signsbadsummerforglobalfinancialsystem.htm , The EU’s Systemic
Risk: Why This Time IS Different http://albertpeia.com/eusystemicrisk.htm
,
The
Bad Jobs Report Is Just A Very Small Taste Of The Nightmare That Is Coming http://albertpeia.com/badjobsreportsmalltasteofcomingnightmare.htm
, "The
End Game: 2012 And 2013 Will Usher In The End" - The Scariest Presentation
Ever? http://albertpeia.com/endgamecollapse.htm ,
Biderman:
"Everyone Is Now A Seller Of US Stocks" ZeroHedge.com Submitted by Tyler Durden on
05/31/2012 http://albertpeia.com/everyonenowasellerofusstocks.htm , Albert
Edwards Has Some Words Of Discouragement: Welcome To S&P 500 Hell "Expect
the S&P500 to decline decisively below its March 2009, 666 intraday low. All hope will be crushed."
http://albertpeia.com/sp500todeclinebelow666.htm , Guest
Post: Uncle Sam Admits Monitoring You For These 377 Words http://albertpeia.com/usdhsadmitsmonitoringyouforthese377words.htm , MARKETS
RISE ON STIMULUS HOPES ‘…the ultimate Ponzi Scheme…‘ , ALGOS FEAST ON
RUMORS 5-24-12 ‘The overall news
continues to be dreadful…’ http://albertpeia.com/dave.htm , The
Real Obama Budget Deficit For 2011: 5 Trillion Dollars http://albertpeia.com/2011realobamabudgetdeficit5trillion.htm
{ Related: 34
Shocking Facts About U.S. Debt That Should Set America On Fire With Anger http://albertpeia.com/34shockingfactsofusdebt.htm } America’s debt
woe is worse than Greece’s News
(CNN) — ‘Our government is utterly broke. There are signs everywhere one
looks…The government’s total indebtedness is $211 trillion’ … Suckers’ rally into the close off lows
to keep the fraud rollin’ as in previous session, Dave
Fry/Dave’s Daily: Timing is Everything vs. Seductive Hype 5-23-12 { Yes,
Dave; indeed that’s true, timing is everything, certainly in stock market
investing.: http://albertpeia.com/dave.htm
}
http://albertpeia.com/americaindeclineandloweredexpectations.htm
6-5-12 ROMNEY:
Obama holding onto shares of GOV'T MOTORS to avoid embarrassment of big
losses...
Gov't Down
$16B on Bailout...
EXIT POLLS:
CLOSE, BUT NO 'RECALL'
WI EXIT POLLS: REMATCH SIMILAR TO ELECTION 2 YEARS
AGO, SOURCES TELL DRUDGE... '5 POINT MARGIN'... DEVELOPING...
White House
downplaying...
WASH POST:
'Makeup of voters appears very close to original 2010 contest'...
VOTER
SHOWDOWN: DEMS CRY FOUL...
Hundreds
Report 'Photo ID' Issues...
400 Lawyers
At The Ready...
Report:
'119%' Voter Turnout in Madison...
'Remember
Me? I'm the Only Guy Who Gave You Four Surplus Budgets ( THANKS TO THE PEACE
DIVIDEND! PEOPLE MUST GET THAT REALITY/TRUTH THROUGH THEIR WAR-MONGERING
SKULLS! )'...
USA Already in 'Recession,' Extend
Bush Tax Cuts...
DICK MORRIS:
'He Does Not Want Obama to Win'...
FREEFALL
CONTINUES...
FACEBOOK
'worth a look' -- at $20!
MORGAN STANLEY Lending Shares to
Sell Short...
Jackson
Browne cools on Obama...
6-4-12 EVEN MAUREEN
DOWD BEGINS TO TURN
Debt Has
Increased More in Last 15 Months Than First 97 Congresses -- Combined!
Obama Gets
'Left' Behind; Libs Turn...
NYT: Weak
Economy Points to Obama's Constraints...
Jon Bon Jovi
Gets A Ride On Air Force One...
Hispanic
unemployment jumps to 11% in US...
S&P down
10% since April...
Japan's Debt
Sustains Deflationary Depression...
FACEBOOK
'will disappear'...
Buyers'
remorse for California's 'bullet train to nowhere'...
War in White
House: Holder and Axelrod 'had to be separated'...
Tokyo
Stocks Hit 28-Year Low Amid Global Rout...
CANNIBAL
UPDATES: CRUISED MIAMI IN 2010?
COPS:
Canadian cannibal on run in France -- dressed as woman...
CANNIBAL
CAPTURED IN BERLIN...
Arrested at
Internet cafe -- looking up stories on himself!
Shady,
Master of Disguise...
{
http://www.albertpeia.com/whitesvictimizedbyblacks.htm ]
FUGITIVE
CANNIBAL WARNED: I CAN'T STOP KILLING...
Scary
digital trail...
Gay White
Porn Star Wanted by Interpol...
CANNIBAL
STRIKES IN MARYLAND... { Yes, another black cannibal; with ties to
wobama’s home country of
SHOCK
DETAILS...
South Beach
Cannibal 'Put Under Voodoo Curse'... {Riiiiight! That voodoo thing
made him do it! Oh yeah, that and the evil white man’s bathing salts also the
culprit!}
VIDEO SHOWS
BIKES RIDING PAST SOUTH BEACH CANNIBAL ATTACK!
MORE GRISLY
DETAILS...
'BATH SALTS'
TRIGGERED SOUTH BEACH CANNIBAL { Riiiight! Fine young black
cannibal, driven cannabalistic by bath salts made by those evil white
overlords! How 'bout the inherent cannabilistic trait as manifested here; the
recurring theme of ‘Roots’, they’ll choose white meat over dark meat every
time! http://albertpeia.com/blackonwhitecrime.htm
VIDEO: Black
Student Becomes Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm
http://www.albertpeia.com/whitesvictimizedbyblacks.htm }
Flash Mob of
40 Kids Storm 7-ELEVEN over Free Slurpee Promotion, Beat Manager, Raid
Shelves...
REPORT:
Woman viciously beaten at MCDONALD'S drive-thru...
'This
is for you, you white b***ch! This is a grape soda!' { The description of the suspects - two black women and
one black man - is vague. The best clue police have to go on right now is they
were driving a light-blue Cadillac with temporary tags. }
HORROR: Mob
of 20 'hooded blacks' storm UK pub, drag man out, stab him to death...
Half of
Florida high school students fail reading test...
COPS:
19-year-old white student beaten by two separate black gangs...
Dershowitz:
Zimmerman acted in self-defense. so drop murder charge...
Evidence
Backs Up George Zimmerman's Version of Shooting...
Witness Told
Cops: Trayvon Straddling And Punching 'MMA Style'...
New evidence in Trayvon Martin case raises
more questions
Trayvon Martin's autopsy shows he had marijuana in his system the night he was
killed by neighborhood watch volunteer George Zimmerman, and a gunshot to his
chest came from close range, according to nearly 200 pages of previously
undisclosed documents released Thursday.
ABC News Exclusive: Zimmerman Medical Report Shows Broken Nose,
Lacerations After Trayvon Martin Shooting {That little (6’3”) thieving
nigger was enraged by his being thwarted in his scope-out/plundering of
Zimmerman’s neighborhood. Clearly self-defense with wounds consistent with his
true story, Zimmerman was fighting for his life and ultimately saved the
citizens of Florida from the future costs of the burgeoning violent, thieving
typical nigger-criminal trayvon martin.}
Previous: Holder sues Florida city, says firefight test racist [
Yeah, of course, because dumb niggers can’t read, ‘rite, or do ‘rithmetic!
They’re always too busy donning their little hoodies and scopin’ out
neighborhoods for their pillaging, plundering, and terrorizing! ]...
Black mob beats white man unconscious on his front
porch...
'Now that's justice for Trayvon' (they
shout in crazed nigger fashion)...
DERSHOWITZ BLASTS PROSECUTION: 'NOT ONLY IMMORAL, BUT
STUPID'... [ Indeed! And, make no mistake, I never would have
thought I’d be agreeing with Alan Dershowitz on anything: http://albertpeia.com/trayvonnewtawana.htm
]
BANG, BANG ‘…His
surprising testimony came the same day that ABC News exclusively obtained a
photograph showing the bloodied back of Zimmerman's head, which was apparently
taken three minutes after he
shot and killed Martin. The photo could give credence to Zimmerman's claim
that Martin had bashed his head against the concrete as Zimmerman fought for
his life…’
COPS:
Suspect angry over Trayvon Martin death beats up white man...
Obama as a
Boy Ate Dog Meat [ And, you can bet there’s canabalism in his line; his father
being an african ape nigger and his mother a flaky whore; you know, that
typical type that schtooped niggers back in the day! ]...
Obama
campaign tries to diversify...
...looking
to hire more African-Americans [ More dead-weight, contentious,
unproductive make-shift, make-work, costly welfare job niggers … just what the
nation, strike that, wobama campaign needs.]
Farrakhan
Warns Whites: 'Unless You Change, Your End Has Come'… [ They call this a
self-destructive manifestation of the Oedipal Effect: Goodbye niggers, aka
unevolved apes/chimps/monkeys – Your end’s already here! Your jigs are up, and you boos are down! Everyone’s onto your nigger jive! Look in the
mirror! If only you could change / evolve faster! ] ...
HOLDER PRAISES
FELLOW APE SHARPTON, ONE INCOMPETENT NIGGER TO ANOTHER ...
The
reality is that blacks are an insoluble problem wherever they are. That’s not
going to ever change; not make-shift/make-work jobs; not programs; not anything
tried or to be tried; hence, they must be treated as exactly that – problems –
before a solution can be derived and fashioned. ] [ Send the niggers, including niggerbama back to sub-saharan africa! ]
21
Signs That This Could Be A Long, Hot, Crazy Summer For The Global Financial
System http://albertpeia.com/21signsbadsummerforglobalfinancialsystem.htm , The EU’s Systemic
Risk: Why This Time IS Different http://albertpeia.com/eusystemicrisk.htm , 1.6
Trillion Dollars More Debt: Fiscal Conservatives Have Been Raped By The
Democrats, The Democratic Party, as well as The Republican Party http://albertpeia.com/onepointsixtrillionmoredebt.htm
, 10
Things That We Can Learn About Shortages And Preparation From The Economic
Collapse In Greece http://albertpeia.com/10thingswecanlearnpreparefromgreekeconomiccollapse.htm
The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed! Train Reading: The Stock Market Is
(Criminally) Insane The Wall Street Journal , [ECRI Stays with
Recession Call New American | The
vicious cycle is starting where lower sales, lower production, lower employment
and lower income [leads] back to lower sales… http://albertpeia.com/ecricallsrecession.htm , 6-4-12
Suckers’ rally into the close on hopes for contraindicated QE which has
clearly NOT WORKED for all except the frauds on wall street enriched thereby at
everyone else’s expense (higher gas prices, costs, etc.) and to keep suckers
sucked in, US
factory goods orders -0.6% in Apr, well below market expectations of +0.3% vs
big negative revision for Mar from -1.5% to -2.1%; inventories unch. , Big
factory orders miss on top of last week’s grim jobs data sends some of those in
the record dollar long position heading toward the exit. , 21
Signs That This Could Be A Long, Hot, Crazy Summer For The Global Financial
System http://albertpeia.com/21signsbadsummerforglobalfinancialsystem.htm , The EU’s Systemic
Risk: Why This Time IS Different http://albertpeia.com/eusystemicrisk.htm
, Dave’s Daily: http://www.etfdigest.com FORCING THE FED’S HAND 6-4-12 ‘Trading desks
and hedge funds may just keep driving equity prices lower until the Bernanke
led Fed responds with the QE3 they want…’
, The
Bad Jobs Report Is Just A Very Small Taste Of The Nightmare That Is Coming http://albertpeia.com/badjobsreportsmalltasteofcomingnightmare.htm
, "The
End Game: 2012 And 2013 Will Usher In The End" - The Scariest Presentation
Ever? http://albertpeia.com/endgamecollapse.htm ,
Biderman:
"Everyone Is Now A Seller Of US Stocks" ZeroHedge.com Submitted by Tyler Durden on
05/31/2012 http://albertpeia.com/everyonenowasellerofusstocks.htm , Albert
Edwards Has Some Words Of Discouragement: Welcome To S&P 500 Hell "Expect
the S&P500 to decline decisively below its March 2009, 666 intraday low. All hope will be crushed."
http://albertpeia.com/sp500todeclinebelow666.htm , Guest
Post: Uncle Sam Admits Monitoring You For These 377 Words http://albertpeia.com/usdhsadmitsmonitoringyouforthese377words.htm , Dave’s Daily: http://www.etfdigest.com 5-29-12 MARKETS RISE ON STIMULUS HOPES ‘…the
ultimate Ponzi Scheme…‘ , ALGOS FEAST ON RUMORS 5-24-12 ‘The overall news continues to be
dreadful…’ http://albertpeia.com/dave.htm , The
Real Obama Budget Deficit For 2011: 5 Trillion Dollars http://albertpeia.com/2011realobamabudgetdeficit5trillion.htm
{ Related: 34
Shocking Facts About U.S. Debt That Should Set America On Fire With Anger http://albertpeia.com/34shockingfactsofusdebt.htm } America’s
debt woe is worse than Greece’s News
(CNN) — ‘Our government is utterly broke. There are signs everywhere one
looks…The government’s total indebtedness is $211 trillion’
… Suckers’ rally into the close off lows to keep the fraud rollin’ as in
previous session, Dave Fry/Dave’s Daily: Timing is
Everything vs. Seductive Hype 5-23-12 { Yes, Dave; indeed that’s true,
timing is everything, certainly in stock market investing. http://albertpeia.com/dave.htm
http://albertpeia.com/21signsbadsummerforglobalfinancialsystem.htm
June 4,
2012 By gpc1981 , http://albertpeia.com/eusystemicrisk.htm
Europe will collapse before the end of
the year and very likely before the end of the summer. When this Crisis hits it
will be worse than 2008. And the world Central Banks will not be able to
control the damage.
What makes this time different?
Several items:
1) The Crisis coming from
Europe will be far, far larger in scope than anything the Fed has dealt with
before.
2) The Fed is now politically
toxic and cannot engage in aggressive monetary policy without experiencing
severe political backlash (this is
an election year).
3) The Fed’s resources are
spent to the point that the only thing the Fed could do would be to announce an ENORMOUS monetary program
which would cause a Crisis in of itself.
Let me walk through each of these one at
a time.
Drudgereport: 6-4-12 EVEN MAUREEN DOWD BEGINS TO
TURN / CANNIBAL UPDATES
Debt Has Increased More in
Last 15 Months Than First 97 Congresses -- Combined!
Obama Gets 'Left' Behind;
Libs Turn...
NYT: Weak Economy Points to
Obama's Constraints...
Jon Bon Jovi Gets A Ride On
Air Force One...
Hispanic unemployment jumps
to 11% in US...
S&P down 10% since
April...
Japan's Debt Sustains
Deflationary Depression...
FACEBOOK 'will disappear'...
Buyers' remorse for
California's 'bullet train to nowhere'...
War in White House: Holder
and Axelrod 'had to be separated'...
Tokyo Stocks Hit 28-Year Low Amid Global Rout...
FUTURES...
Euro Zone Nears Moment of
Truth on Staying Together...
SOROS WARNS: 3 MONTHS...
Spain Seeks United Effort on
Banks; Pressure Builds on Merkel...
The week Europe stopped
pretending...
Retirement Age '80' After
Crisis?
BULLS, BEARS OR BUST?
REPORT: Air Force drone spied
on US soil...
CANNIBAL UPDATES:
CRUISED MIAMI IN 2010?
COPS: Canadian cannibal on
run in France -- dressed as woman...
CANNIBAL CAPTURED IN
BERLIN...
Arrested at Internet cafe --
looking up stories on himself!
Shady, Master of Disguise...
{ U.S. Cannibal
Update }: Maryland cannibal ranted on FACEBOOK...
FUGITIVE CANNIBAL WARNED: I
CAN'T STOP KILLING...
Scary digital trail...
Gay White Porn Star Wanted by
Interpol...
CANNIBAL STRIKES IN
MARYLAND... { Yes, another black cannibal; with ties to wobama’s
home country of Kenya, Sub-Saharan Africa. }
SHOCK DETAILS...
South Beach Cannibal 'Put
Under Voodoo Curse'... {Riiiiight! That voodoo thing made him do it!
Oh yeah, that and the evil white man’s bathing salts also the culprit!}
6-1-12 The
Bad Jobs Report Is Just A Very Small Taste Of The Nightmare That Is Coming http://albertpeia.com/badjobsreportsmalltasteofcomingnightmare.htm ‘…The tough stretch that we are
going through right now is only a very small taste of the economic nightmare
that is on the horizon. If you think that things are a
"disaster" right now, just wait until you see what is coming.’ … The
following is from a Zero Hedge summary of a recent
presentation by Raoul Pal....
It
continues:
It
only gets better. We use the term loosely:
So
how soon does Raoul Pal think all of this is going to happen?....From a timing perspective, I think 2012 and 2013 will
usher in the end. You can find his entire presentation entitled
"The End Game" right here. What Raoul Pal is saying
lines up very well with what Steve
Quayle's anonymous international banking source is telling him....There is no stopping this...We are still on track as
I have been predicting for a while now for a fall/winter collapse of the
Eurozone and naked exposure of all derivative markets the world over. Europeans
will go through a major reset, after time they will recover as Europeans do not
carry the type of personal debt that Americans do. It is for America that I
worry. Look for these signs next:
1-
JPM will be bailed out again but it will not stop the coming market crash. More
details will emerge about their derivative swap failure $150 billion and
counting.
2-BOA
(BAC Bank of America) will fold and be absorbed into JPM as a way to prop up
the bleeding Giant. JPM will get the best picking of this deal just like they
got with Bear Stearns.
3-
Massive layoffs at Citigroup and Wells Fargo
4-
Goldman Sachs finally pays the piper, look for massive cuts there as well as
BIG Losses
5-
Bond market bust which leads to freeze of all bond sales
6-
Derivative bust the next one will be BOA followed by Citigroup
7-
All CDS shorts and swaps will freeze.
8-
Total Meltdown …’
"The
End Game: 2012 And 2013 Will Usher In The End" - The Scariest Presentation
Ever? http://albertpeia.com/endgamecollapse.htm , Dave’s Daily: http://www.etfdigest.com GLOBAL
ECONOMIC DESCENT CONTINUES 6-1-12 ‘We could start by noting Chinese
Manufacturing Growth fell to 50.4 vs 53.3 previously. Of course, that’s not
impressive. The star of the show was the U.S. The nonfarm payroll data (aka
unemployment report) laid an egg. Pundits forecasted growth of 150K jobs but
less than half that (69K) was reported and the unemployment rate rose to 8.2%.
And, this with so many falling off the employment rolls. Net downward revisions
for March and April were 49K. The labor participation rate is low and means
there are over 5.34 million people not be accounted for in the official
unemployment rate, in other words counted as employed or unemployed, many who
probably need a job and can't find one.That's in addition to the official 12.72
million unemployed. http://albertpeia.com/laborparticipationratechartfromdave.jpg
Sorry
Folks, QE 3 Ain’t Coming… Even the Fed Doves Admit It http://albertpeia.com/contraindicatedqe3aintcoming.htm , The
UN Wants Complete Control Over The Internet And That Would Mean Unprecedented
Censorship, Taxes And Surveillance http://albertpeia.com/unwantscontrolofinternetforcensorshiptaxessurveillance.htm
The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed! Train Reading: The Stock Market Is
(Criminally) Insane The Wall Street Journal , [ECRI Stays with
Recession Call New American | The
vicious cycle is starting where lower sales, lower production, lower employment
and lower income [leads] back to lower sales… http://albertpeia.com/ecricallsrecession.htm , 6-1-12
The
Bad Jobs Report Is Just A Very Small Taste Of The Nightmare That Is Coming http://albertpeia.com/badjobsreportsmalltasteofcomingnightmare.htm
, "The
End Game: 2012 And 2013 Will Usher In The End" - The Scariest Presentation
Ever? http://albertpeia.com/endgamecollapse.htm ,
Biderman:
"Everyone Is Now A Seller Of US Stocks" ZeroHedge.com Submitted by Tyler Durden on
05/31/2012 http://albertpeia.com/everyonenowasellerofusstocks.htm , Albert
Edwards Has Some Words Of Discouragement: Welcome To S&P 500 Hell "Expect
the S&P500 to decline decisively below its March 2009, 666 intraday low. All hope will be crushed."
http://albertpeia.com/sp500todeclinebelow666.htm , Guest
Post: Uncle Sam Admits Monitoring You For These 377 Words http://albertpeia.com/usdhsadmitsmonitoringyouforthese377words.htm
,
Dave’s Daily: http://www.etfdigest.com 5-29-12 MARKETS RISE ON STIMULUS HOPES ‘…the
ultimate Ponzi Scheme…‘ , ALGOS FEAST ON RUMORS 5-24-12 ‘The overall news continues to be
dreadful…’ http://albertpeia.com/dave.htm , The
Real Obama Budget Deficit For 2011: 5 Trillion Dollars http://albertpeia.com/2011realobamabudgetdeficit5trillion.htm
{ Related: 34
Shocking Facts About U.S. Debt That Should Set America On Fire With Anger http://albertpeia.com/34shockingfactsofusdebt.htm } America’s
debt woe is worse than Greece’s News
(CNN) — ‘Our government is utterly broke. There are signs everywhere one
looks…The government’s total indebtedness is $211 trillion’
…
http://albertpeia.com/badjobsreportsmalltasteofcomingnightmare.htm
http://albertpeia.com/unwantscontrolofinternetforcensorshiptaxessurveillance.htm
Drudgereport: U.S. Cannibal Update/MAY MESS: UNEMPLOYMENT GOES UP...
STOCKS COLLAPSE...
Weak US Job Growth Threatens
World Economy...
This Summer 'Eerie Echo' of
Pre-Lehman...
HELL DAY
Obama has big plans for when
Republican 'fever' breaks...
HAS OUTSPENT PAST FIVE PRESIDENTS...
Bill Clinton: Romney's
Business Record 'Sterling'...
Top Italy banker says risk of
euro breakup growing...
{ U.S. Cannibal
Update }: Maryland cannibal ranted on FACEBOOK...
FUGITIVE CANNIBAL WARNED: I
CAN'T STOP KILLING...
Scary digital trail...
Gay White Porn Star Wanted by
Interpol...
CANNIBAL STRIKES IN
MARYLAND... { Yes, another black cannibal; with ties to wobama’s
home country of Kenya, Sub-Saharan Africa. }
SHOCK DETAILS...
South Beach Cannibal 'Put
Under Voodoo Curse'... {Riiiiight! That voodoo thing made him do it!
Oh yeah, that and the evil white man’s bathing salts also the culprit!}
VIDEO SHOWS BIKES RIDING PAST
SOUTH BEACH CANNIBAL ATTACK!
MORE GRISLY DETAILS...
'BATH SALTS' TRIGGERED SOUTH
BEACH CANNIBAL { Riiiight! Fine young black cannibal, driven
cannabalistic by bath salts made by those evil white overlords! How 'bout the
inherent cannabilistic trait as manifested here; the recurring theme of
‘Roots’, they’ll choose white meat over dark meat every time! http://albertpeia.com/blackonwhitecrime.htm
VIDEO: Black Student Becomes
Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm
http://www.albertpeia.com/whitesvictimizedbyblacks.htm }
Flash Mob of 40 Kids Storm
7-ELEVEN over Free Slurpee Promotion, Beat Manager, Raid Shelves...
REPORT: Woman viciously
beaten at MCDONALD'S drive-thru...
'This is for
you, you white b***ch! This is a grape soda!' { The description of the suspects - two black women and
one black man - is vague. The best clue police have to go on right now is they
were driving a light-blue Cadillac with temporary tags. }
HORROR: Mob of 20 'hooded
blacks' storm UK pub, drag man out, stab him to death...
Half of Florida high school
students fail reading test...
COPS: 19-year-old white
student beaten by two separate black gangs...
Dershowitz: Zimmerman acted
in self-defense. so drop murder charge...
Evidence Backs Up George
Zimmerman's Version of Shooting...
Witness Told Cops: Trayvon
Straddling And Punching 'MMA Style'...
Trayvon Martin's autopsy shows he had marijuana in his system
ABC News Exclusive: Zimmerman Medical Report Shows Broken Nose,
Lacerations After Trayvon Martin Shooting {That little (6’3”) thieving
nigger was enraged by his being thwarted in his scope-out/plundering of
Zimmerman’s neighborhood. Clearly self-defense with wounds consistent with his
true story, Zimmerman was fighting for his life and ultimately saved the
citizens of Florida from the future costs of the burgeoning violent, thieving
typical nigger-criminal trayvon martin.}
Previous: Holder
sues Florida city, says firefight test racist [ Yeah, of course, because dumb
niggers can’t read, ‘rite, or do ‘rithmetic! They’re always too busy donning
their little hoodies and scopin’ out neighborhoods for their pillaging,
plundering, and terrorizing! ]...
Black
mob beats white man unconscious on his front porch...
'Now that's justice for Trayvon' (they shout in crazed nigger
fashion)...
DERSHOWITZ
BLASTS PROSECUTION: 'NOT ONLY IMMORAL, BUT STUPID'... [ Indeed! And, make
no mistake, I never would have thought I’d be agreeing with Alan Dershowitz on
anything: http://albertpeia.com/trayvonnewtawana.htm
]
Black Serial
Killers Not So Uncommon http://www.amren.com/news/news04/03/03/blackserial.html
200 Involved In Fights At
Mall Of America After Rumors That Rappers Are There...
People
have become weary of making up excuses for blacks (like obama, holder, etc.).
At some point, as now, people should not be timid about relating the cold,
unvarnished truth statistically / factually about blacks and, ie., black on white violent crime, etc..
From
Pat Buchanan: As for racism, its ugliest manifestation is in
interracial crime, and especially interracial crimes of violence. Is Barack
Obama aware that while white criminals choose black victims 3 percent of the time,
black criminals choose white victims 45 percent of the time? Is Barack aware
that black-on-white rapes are 100 times more common than the reverse, that
black-on-white robberies were 139 times as common in the first three years of
this decade as the reverse? We have all heard ad nauseam from the Rev. Al about
Tawana Brawley, the Duke rape case and Jena. And all turned out to be hoaxes.
But about the epidemic of black assaults on whites that are real, we hear
nothing.
The
reality is that blacks are an insoluble problem wherever they are. That’s not
going to ever change; not make-shift/make-work jobs; not programs; not anything
tried or to be tried; hence, they must be treated as exactly that – problems –
before a solution can be derived and fashioned. ] [ Send the niggers, including niggerbama back to sub-saharan africa! ]
Biderman:
"Everyone Is Now A Seller Of US Stocks" ZeroHedge.com Submitted by Tyler
Durden on 05/31/2012 http://albertpeia.com/everyonenowasellerofusstocks.htm ‘Focusing on his supply-demand
perspective of what drives stock prices and the heavy volume of corporate
selling combined with mutual fund outflows that we have been so vociferous
about, Charles Biderman of TrimTabs provides color on why, just like in 2010
and 2011, markets sold off in May. Whether you believe it is explicitly the
angst-inspiring European malaise, Facebook's flop, or US macro deterioration
and a pending fiscal cliff - the real driver is more shares chasing less cash as he puts it and
reflexively the news exaggerates it or stalls it. Stock prices are likely to keep dropping,
no matter what, until the Fed announces the next stimulus/easing (as we all
know) but unfortunately this will have no impact on the real economy (though
stocks will pop). Biderman berates the
Fed for its constant insistence that this time is different and
as far as the election 'our policies will
bring about sustainable recovery and jobs' promises we will hear
from both candidates, he succinctly summarizes thus: "What Bullsh**! Where we are now as a world is:
it's ok for government to lie for their own benefit". , Albert
Edwards Has Some Words Of Discouragement: Welcome To S&P 500 Hell "Expect
the S&P500 to decline decisively below its March 2009, 666 intraday low. All hope will be crushed."
http://albertpeia.com/sp500todeclinebelow666.htm , Guest
Post: Uncle Sam Admits Monitoring You For These 377 Words http://albertpeia.com/usdhsadmitsmonitoringyouforthese377words.htm , Busting The
"Core" European Myth , Market
Fails To Zucker In Gullible Traders With End Of Day Stop Hunt , Guest
Post: Facebook & the Bubble Mentality So Facebook keeps falling, and is
now floating around the $27 mark. We’re a third of the way down to my IPO valuation
of FB as worth roughly $2-4 a share (or 5-10 times earnings), although I
wouldn’t be surprised for the market to stabilise at a higher price (at least
until the next earnings figures come out and reveal — shock horror —
that Facebook is terrible at making money). The really stunning thing is
that even after all these falls, FB is still trading at 86 times earnings. What
the hell did Morgan Stanley think they were doing valuing an IPO without any
viable profit model at over 100 times earnings? The answer is that this was an
exit strategy. This IPO was about the people who got in early passing on a
stick of dynamite to a greater fool which incidentally is precisely the same
bubble mentality business model as bond investors who are currently buying
negative-real-yielding treasuries at 1.6% hoping to pass them onto a greater
fool at 0.5% (good luck with that).
, Goldman
Slashes Treasury Yield Forecasts If
it appears like it was only yesterday that Goldman was advising clients to
short the 10 Year Treasury, it is because it was... give or take a few months: From
January: "Since the end of last August, we have argued that 10-yr US
Treasury yields would not be able to sustain levels much below 2% in this
cycle. Yields have traded in a tight range around an average 2% since September,
including so far into 2012. We are now
of the view that a break to the upside, to 2.25-2.50%, is likely and
recommend going tactically short. Using Mar-12 futures
contracts, which closed on Friday at 130-08, we would aim for a target of
126-00 and stops on a close above 132-00." We added the following: "As a reminder, don't do what Goldman says, do what it
does, especially when one looks the firm's Top 6 trades for
2012, of which 5 are losing money, and 2 have been stopped out less than a
month into the year." Sure enough, as we tabulated last night, those who
had listened to this call, and also gone long stocks as Goldman urged on March
21, have
lost nearly 30% in about 2 months. Those who listened to us and did the
opposite, well, didn't. Which is why the just released note from the very same
Garzarelli who 4 months ago was so gung ho on shorting bonds, just cut his bond
yield forecast for the entire world, US Treasurys included: "We now see 10-year US Treasuries ending this year at
2.00% (from 2.50% previously, and 30bp above current forwards), rising to 2.50%
(previously 3.25%, and 60bp above the forwards) by December 2013. The
corresponding numbers for German Bunds are 1.75% and 2.25%." In other
words, it is now that
Doug Kass should have made his short bonds call: not when he did it, a month
ago and got his face bathsalted right off. For those asking - yes: Goldman is
now selling bonds to clients. , Santelli
On Capital Flight And Bond Contagion
http://www.albertpeia.com/todayspage.htm
http://albertpeia.com/todaysbusinesssummarylinks.htm
http://albertpeia.com/fbimartinezcongallard.htm
http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm
http://albertpeia.com/22signsglobalrecessiondepression.htm
Biderman:
"Everyone Is Now A Seller Of US Stocks" ZeroHedge.com Submitted by Tyler
Durden on 05/31/2012 http://albertpeia.com/everyonenowasellerofusstocks.htm ‘Focusing on his supply-demand
perspective of what drives stock prices and the heavy volume of corporate
selling combined with mutual fund outflows that we have been so vociferous
about, Charles Biderman of TrimTabs provides color on why, just like in 2010
and 2011, markets sold off in May. Whether you believe it is explicitly the
angst-inspiring European malaise, Facebook's flop, or US macro deterioration
and a pending fiscal cliff - the real driver is more shares chasing less cash as he puts it and
reflexively the news exaggerates it or stalls it. Stock prices are likely to keep dropping,
no matter what, until the Fed announces the next stimulus/easing (as we all
know) but unfortunately this will have no impact on the real economy (though
stocks will pop). Biderman berates the
Fed for its constant insistence that this time is different and
as far as the election 'our policies will
bring about sustainable recovery and jobs' promises we will hear
from both candidates, he succinctly summarizes thus: "What Bullsh**! Where we are now as a world is:
it's ok for government to lie for their own benefit". , Albert
Edwards Has Some Words Of Discouragement: Welcome To S&P 500 Hell "Expect
the S&P500 to decline decisively below its March 2009, 666 intraday low. All hope will be crushed."
http://albertpeia.com/sp500todeclinebelow666.htm , Guest
Post: Uncle Sam Admits Monitoring You For These 377 Words http://albertpeia.com/usdhsadmitsmonitoringyouforthese377words.htm
Student
Debt Bubble Delinquencies Surge
, The
Inexplicable American Consumer Hits A Wall
, Spain
Just Gave Us a Glimpse Into the True State of the EU Banking System
Posted by: Phoenix Capital... Post date: 05/31/2012 This is the state of affairs in Europe: bankrupt
nations trying to bailout bankrupt banks or looking for bailouts from funds
that are backed by other bankrupt nations.What could go wrong? http://albertpeia.com/truestateofeubankingsystem.htm , Bonds
Now Beating Stocks Year-to-Date
, Spanish
CDS Over 600bps Sends S&P Under 1300
, Market
Shocked By Recessionary PMI Print, Gold Pummeled, Apple Slides, FaceBerging
Continues , US
initial jobless claims +13k to 383k for the week ended 26-May, above
expectations of 369k, vs upward revised 373k in the previous week. , Chicago
PMI Plunges To 52.7, Lowest Print Since September 2009 , First
Q1 GDP Revision In Line With Expectations; Initial Claims Spike , Bill
Gross: The Global Monetary System Is Reaching Its Breaking Point , Dave’s Daily: http://www.etfdigest.com MARKETS PREPARE FOR 2010 & 2011 REPRISE
5-31-12 http://albertpeia.com/dave.htm
The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed! Train Reading: The Stock Market Is
(Criminally) Insane The Wall Street Journal , [ECRI Stays with
Recession Call New American | The
vicious cycle is starting where lower sales, lower production, lower employment
and lower income [leads] back to lower sales… http://albertpeia.com/ecricallsrecession.htm , Biderman:
"Everyone Is Now A Seller Of US Stocks" ZeroHedge.com Submitted by Tyler Durden on
05/31/2012 http://albertpeia.com/everyonenowasellerofusstocks.htm , Albert
Edwards Has Some Words Of Discouragement: Welcome To S&P 500 Hell "Expect
the S&P500 to decline decisively below its March 2009, 666 intraday low. All hope will be crushed."
http://albertpeia.com/sp500todeclinebelow666.htm , Guest
Post: Uncle Sam Admits Monitoring You For These 377 Words http://albertpeia.com/usdhsadmitsmonitoringyouforthese377words.htm , Dave’s Daily: http://www.etfdigest.com 5-29-12 MARKETS RISE ON STIMULUS HOPES ‘…the
ultimate Ponzi Scheme…‘ , ALGOS FEAST ON RUMORS 5-24-12 ‘The overall news continues to be
dreadful…’ http://albertpeia.com/dave.htm , The
Real Obama Budget Deficit For 2011: 5 Trillion Dollars http://albertpeia.com/2011realobamabudgetdeficit5trillion.htm
{ Related: 34
Shocking Facts About U.S. Debt That Should Set America On Fire With Anger http://albertpeia.com/34shockingfactsofusdebt.htm } America’s
debt woe is worse than Greece’s News
(CNN) — ‘Our government is utterly broke. There are signs everywhere one
looks…The government’s total indebtedness is $211 trillion’
… Suckers’ rally into the close off lows to keep the fraud rollin’ as in
previous session, Dave Fry/Dave’s Daily: Timing is
Everything vs. Seductive Hype 5-23-12 { Yes, Dave; indeed that’s true,
timing is everything, certainly in stock market investing... http://albertpeia.com/dave.htm
}, Greece
Could Implode the Second Bailout and the EU by Mid-June http://albertpeia.com/greecesecondbailouteuimplosion.htm , Eurobonds:
The Issue That Could Shatter Europe http://albertpeia.com/eushatteringeubonds.htm , As
Reality Recedes, Rumor Rampage Returns
, Biderman
On Bad Data And China's Recession
, On The
Predictability Of European Lies
, HP to lay off about 27,000, profit slides 31 percent , http://albertpeia.com/obamas5trilliondollarlie.htm , http://albertpeia.com/fedecbcantstopcomingcrash.htm
, http://albertpeia.com/bankrunsspainitalyeuropeanarchy.htm
, JPMorgan
Estimates Immediate Losses From Greek Exit Could Reach 400 Billion ZeroHedge.com Durden
, Are
They Insane? 58 Percent Of Americans Believe Economic Conditions In The United
States Will Be Good A Year From Now http://albertpeia.com/insanelyoptimistic.htm , If
You Live In California Things Just Got A Whole Lot Worse http://albertpeia.com/hopelesscluelesscalifornia.htm Failed Wobama model illustrated: 16
Reasons To Move Away From California http://albertpeia.com/16reasonstomoveawayfromcalifornia.htm , 25
Signs That America Is A Seething Cesspool Of Filth And Corruption http://albertpeia.com/25signsamericacesspooloffilthcrimeandcorruption.htm , http://albertpeia.com/debtcrisisdestroysamerica.htm , Chimps
Throwing Poop And 29 Other Mind Blowing Ways That The Government Is Wasting
Your Money http://albertpeia.com/whydochimpslikeobamasthrowpoop29waysgovernmentwastesmoney.htm ,
No
Housing Recovery Until 2020 In 5 Simple Charts
http://albertpeia.com/nohousingrecoveryuntil2020in5charts.htm
Durden ,
The
Mother Of All Infographics: Visualizing America's Derivatives Universe http://albertpeia.com/usderivatives221trillionof707trillionglobal.htm
, Fasten
Your Seatbelts: High Frequency Trading Is Coming To The Treasury Market [ http://albertpeia.com/highfrequencytradingcomingtotreasuries.htm
, 22
Signs That The Collapsing Spanish Economy Is Heading Into A Great Depression
http://albertpeia.com/22signsspainheadingintogreatdepression.htm
, The
Secrets of the Spanish Banking System That 99% of Analysts Fail to Grasp http://spainbanksystemsecrets.htm
, What
Do California And Detroit Have In Common? http://albertpeia.com/californiadetroitdeclineincommon.htm
http://albertpeia.com/18examplesofnannystategonewild.htm
http://albertpeia.com/usdhsadmitsmonitoringyouforthese377words.htm
Wobama’s Choom
Gang Bangin’/Cannibal update
http://www.albertpeia.com/wobamaschoomgangbangin.wmv
5-31-12 Geithner warns Spain...
TIME BOMB: Banks Pressured To Buy Up Government Debt...
UPDATE: China and Japan to
begin direct currency trading...
Stocks Post Worst May Since 2010...
Anxious June...
FUGITIVE CANNIBAL WARNED: I
CAN'T STOP KILLING...
Scary digital trail...
Gay White Porn Star Wanted by
Interpol...
CANNIBAL STRIKES IN
MARYLAND... { Yes, another black cannibal; with ties to wobama’s
home country of Kenya, Sub-Saharan Africa. }
SHOCK DETAILS...
South Beach Cannibal 'Put
Under Voodoo Curse'... {Riiiiight! That voodoo thing made him do it!
Oh yeah, that and the evil white man’s bathing salts also the culprit!}
VIDEO SHOWS BIKES RIDING PAST
SOUTH BEACH CANNIBAL ATTACK!
MORE GRISLY DETAILS...
'BATH SALTS' TRIGGERED SOUTH
BEACH CANNIBAL { Riiiight! Fine young black cannibal, driven
cannabalistic by bath salts made by those evil white overlords! How 'bout the
inherent cannabilistic trait as manifested here; the recurring theme of
‘Roots’, they’ll choose white meat over dark meat every time! http://albertpeia.com/blackonwhitecrime.htm
VIDEO: Black Student Becomes
Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm
http://www.albertpeia.com/whitesvictimizedbyblacks.htm }
Flash Mob of 40 Kids Storm
7-ELEVEN over Free Slurpee Promotion, Beat Manager, Raid Shelves...
REPORT: Woman viciously
beaten at MCDONALD'S drive-thru...
'This is for
you, you white b***ch! This is a grape soda!' { The description of the suspects - two black women and
one black man - is vague. The best clue police have to go on right now is they
were driving a light-blue Cadillac with temporary tags. }
HORROR: Mob of 20 'hooded blacks'
storm UK pub, drag man out, stab him to death...
Half of Florida high school
students fail reading test...
COPS: 19-year-old white
student beaten by two separate black gangs...
Dershowitz: Zimmerman acted
in self-defense. so drop murder charge...
Evidence Backs Up George
Zimmerman's Version of Shooting...
Witness Told Cops: Trayvon
Straddling And Punching 'MMA Style'...
Trayvon
Martin's autopsy shows he had marijuana in his system
ABC News Exclusive: Zimmerman Medical Report Shows Broken Nose,
Lacerations After Trayvon Martin Shooting {That little (6’3”) thieving
nigger was enraged by his being thwarted in his scope-out/plundering of
Zimmerman’s neighborhood. Clearly self-defense with wounds consistent with his
true story, Zimmerman was fighting for his life and ultimately saved the
citizens of Florida from the future costs of the burgeoning violent, thieving
typical nigger-criminal trayvon martin.}
Previous: Holder
sues Florida city, says firefight test racist [ Yeah, of course, because dumb
niggers can’t read, ‘rite, or do ‘rithmetic! They’re always too busy donning
their little hoodies and scopin’ out neighborhoods for their pillaging,
plundering, and terrorizing! ]...
Black
mob beats white man unconscious on his front porch...
'Now that's justice for Trayvon' (they shout in crazed nigger
fashion)...
DERSHOWITZ
BLASTS PROSECUTION: 'NOT ONLY IMMORAL, BUT STUPID'... [ Indeed! And, make
no mistake, I never would have thought I’d be agreeing with Alan Dershowitz on
anything: http://albertpeia.com/trayvonnewtawana.htm
]
Dave’s Daily: http://www.etfdigest.com VOLATILITY INCREASES WITH EUROZONE RISK
5-30-12
The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed! Train Reading: The Stock Market Is
(Criminally) Insane The Wall Street Journal , [ECRI Stays with
Recession Call New American | The vicious
cycle is starting where lower sales, lower production, lower employment and
lower income [leads] back to lower sales… http://albertpeia.com/ecricallsrecession.htm , The familiar end of month window dressing
rally based on fraud and b***s*** alone so great opportunity to sell/take
profits since there’s much worse to come! Dave’s Daily: http://www.etfdigest.com 5-29-12 MARKETS RISE ON STIMULUS HOPES ‘…The
worse the news becomes, the more bulls are betting on another round of QE from
the Fed and other central banks. It’s the drug of choice even if the results
aren’t long lasting and remain the ultimate Ponzi Scheme…‘ , ALGOS FEAST ON RUMORS 5-24-12 ‘The overall news continues to be
dreadful…’ http://albertpeia.com/dave.htm , The
Real Obama Budget Deficit For 2011: 5 Trillion Dollars http://albertpeia.com/2011realobamabudgetdeficit5trillion.htm
{ Related: 34
Shocking Facts About U.S. Debt That Should Set America On Fire With Anger http://albertpeia.com/34shockingfactsofusdebt.htm } America’s
debt woe is worse than Greece’s News
(CNN) — ‘Our government is utterly broke. There are signs everywhere one looks…The
government’s total indebtedness is $211 trillion’ … Suckers’
rally into the close off lows to keep the fraud rollin’ as in previous session,
Dave Fry/Dave’s Daily: Timing is Everything vs.
Seductive Hype 5-23-12 { Yes, Dave; indeed that’s true, timing is
everything, certainly in stock market investing. And, REMEMBER:
ONLY A FEW DAYS LEFT TO SELL IN MAY AND GO AWAY! http://albertpeia.com/dave.htm }
http://albertpeia.com/taxesyoupaytheirway.htm
{As I’ve previously said, President
Romney would be less than rational to tell his tax advisors ‘to take a dive’
when it comes to his financial planning. Importantly, it should be noted that
up to now, President Romney has not been part of the federal system (unlike
obama, kerry, etc.) that sets federal tax policy / laws.}
Europe
Is About to Implode... Are You Ready?
Phoenix Capital... We're talking about a banking system that is nearly four
times that of the US ($46 trillion vs. $12 trillion) with at least twice the
amount of leverage (26 to 1 for the EU vs. 13 to 1 for the US... ‘(Summers: )I've
warned time and again that the EU would collapse in May-June. That collapse is
here right on schedule. And NO ONE will be able to stop it.
Here's why:
1) According to the IMF, European banks as a whole
are leveraged at 26 to 1 (this data point is based on reported loans... the
real leverage levels are much, much higher.) These are a Lehman Brothers
leverage levels.
2) The European Banking system is over $46 trillion
in size (nearly 3X total EU GDP).
3) The European Central Bank's (ECB) balance sheet is
now nearly $4 trillion in size (larger than Germany's economy and roughly 1/3
the size of the ENTIRE EU's GDP). Aside from the inflationary and systemic
risks this poses (the ECB is now leveraged at over 36 to 1).
4) Over a quarter of the ECB's balance sheet is
PIIGS' debt which the ECB will dump any and all losses from onto national
Central Banks (read: Germany)
So we're talking about a banking system that is
nearly four times that of the US ($46 trillion vs. $12 trillion) with at least
twice the amount of leverage
Drudgereport: Investors flee Spain as
financial crisis spirals...
'Total emergency'...
France to cap top pay...
French irked by EU use of
English...
MOODY'S downgrades Danish
banks...
MORGAN STANLEY CEO defends
FACEBOOK IPO conduct...
Bilderberg Launches
Unprecedented Security Crackdown...
Talk of
machine guns & surveillance spooks hotel guests...
Rockefellers and Rothschilds
unite...
VIDEO SHOWS BIKES RIDING PAST
SOUTH BEACH CANNIBAL ATTACK!
MORE GRISLY DETAILS...
'BATH SALTS' TRIGGERED SOUTH
BEACH CANNIBAL { Riiiight! Fine young black cannibal, driven
cannabalistic by bath salts made by those evil white overlords! How 'bout the
inherent cannabilistic trait as manifested here; the recurring theme of
‘Roots’, they’ll choose white meat over dark meat every time! http://albertpeia.com/blackonwhitecrime.htm
VIDEO: Black Student Becomes
Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm
http://www.albertpeia.com/whitesvictimizedbyblacks.htm }
Flash Mob of 40 Kids Storm
7-ELEVEN over Free Slurpee Promotion, Beat Manager, Raid Shelves...
REPORT: Woman viciously
beaten at MCDONALD'S drive-thru...
'This is for
you, you white b***ch! This is a grape soda!' { The description of the suspects - two black women and
one black man - is vague. The best clue police have to go on right now is they
were driving a light-blue Cadillac with temporary tags. }
HORROR: Mob of 20 'hooded
blacks' storm UK pub, drag man out, stab him to death...
Half of Florida high school
students fail reading test...
COPS: 19-year-old white
student beaten by two separate black gangs...
Dershowitz: Zimmerman acted
in self-defense. so drop murder charge...
Evidence Backs Up George
Zimmerman's Version of Shooting...
Witness Told Cops: Trayvon
Straddling And Punching 'MMA Style'...
When
The Derivatives Market Crashes (And It Will) U.S. Taxpayers Will Be On The Hook http://albertpeia.com/derivativesmarketcrashtaxpayerbailout.htm
, 20
Signs That Society Is Beaking Down And That America Has Been Overrun By Psychos , http://albertpeia.com/20signsamericaoverrunbypsychos.htm , Are
The Europeans About To Start The Second Half Of Our Great Depression?
ZeroHedge.com Submitted
by Tyler Durden on 05/26/2012 , Guest
Post: War Pigs - The Fall Of A Global Empire General Douglas MacArthur
understood this danger to our liberty. “I
am concerned for the security of our great Nation; not so much because of any
threat from without, but because of the insidious forces working from within.”
, Guest
Post: U.S.A. 2012: Is This What We've Become? , If Greece Was
California... If
You Live In California Things Just Got A Whole Lot Worse http://albertpeia.com/hopelesscluelesscalifornia.htm Failed Wobama model illustrated:
16 Reasons To Move Away From California
The
notion of a “nuclear weapons capability” seems like a dangerously low standard.
Let us not forget that Mossad, the CIA and the IAEA agree that Iran does
not have a bomb, is not building one, has no plans to build one.
Forget
the Upcoming Elections… Greece Has Already Proved the Great “Bailout Lie” May 29, 2012 By gpc1981 http://albertpeia.com/alreadygreatgreekbailoutlie.htm
http://albertpeia.com/25signssmartmoneywriteoffsoeu.htm
The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed! Train Reading: The Stock Market Is
(Criminally) Insane The Wall Street Journal , [ECRI Stays with
Recession Call New American | The
vicious cycle is starting where lower sales, lower production, lower employment
and lower income [leads] back to lower sales… http://albertpeia.com/ecricallsrecession.htm , http://albertpeia.com/dave.htm , The
Real Obama Budget Deficit For 2011: 5 Trillion Dollars http://albertpeia.com/2011realobamabudgetdeficit5trillion.htm
{ Related: 34
Shocking Facts About U.S. Debt That Should Set America On Fire With Anger http://albertpeia.com/34shockingfactsofusdebt.htm } America’s
debt woe is worse than Greece’s News
(CNN) — ‘Our government is utterly broke. There are signs everywhere one
looks…The government’s total indebtedness is $211 trillion’
… Suckers’ rally into the close off lows to keep the fraud rollin’ as in
previous session, Dave Fry/Dave’s Daily: Timing is
Everything vs. Seductive Hype 5-23-12 { Yes, Dave; indeed that’s true,
timing is everything, certainly in stock market investing. And, REMEMBER: ONLY A FEW DAYS LEFT TO SELL IN MAY AND GO AWAY
Submitted by Tyler Durden on
05/26/2012
“I am
concerned for the security of our great Nation; not so much because of any
threat from without, but because of the insidious forces working from within.”
http://albertpeia.com/derivativesmarketcrashtaxpayerbailout.htm
5-29-12 FACEBOOK FREEFALL
CONTINUES...
Stock sinks below $29...
'Worst IPO in decade'...
SHOCK REPORT: 40% of social
media accounts ARE SPAMMERS...
Biggest Greek bank warns of
dire euro exit fallout...
Romney Campaign Hits Obama On
SOLYNDRA...
Carney Struggles With
SOLYNDRA Questions...
Holder to brief black pastors
on campaigning for Obama...
'BATH SALTS' TRIGGERED BLACK
SOUTH BEACH CANNIBAL
NASA to future moon
explorers: Don't wreck our fake Apollo landing sites fiction...
'Biggest collapse of law firm
in U.S. history' as DEWEY & LEBOEUF goes under...
Warning signs for Obama on
path to electoral votes...
LLOYD'S OF LONDON preparing
for euro collapse...
Switzerland draws up action
plan...
Greece says public finances
face collapse...
GOOGLE GRABS
SECRETS OF PRIVATE LIVES...
Emails, texts,
photos, documents taken from wi-fi networks...
Deliberately stole
information but 'covered it up'...
Miami Police Shoot Naked Man
-- Eating Face Of Other Naked Man...
'Like a rabid dog'...
'Tearing him to pieces with
mouth'...
ILLEGAL KIDNEY TRADE BOOMS AS
NEW ORGAN 'SOLD EVERY HOUR'...
'BATH SALTS' TRIGGERED SOUTH
BEACH CANNIBAL { Riiiight! Fine young black cannibal, driven
cannabalistic by bath salts made by those evil white overlords! How 'bout the
inherent cannabilistic trait as manifested here; the recurring theme of
‘Roots’, they’ll choose white meat over dark meat every time! http://albertpeia.com/blackonwhitecrime.htm
VIDEO: Black Student Becomes
Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm
http://www.albertpeia.com/whitesvictimizedbyblacks.htm }
Flash Mob of 40 Kids Storm
7-ELEVEN over Free Slurpee Promotion, Beat Manager, Raid Shelves...
REPORT: Woman viciously
beaten at MCDONALD'S drive-thru...
'This is for
you, you white b***ch! This is a grape soda!' { The description of the suspects - two black women and
one black man - is vague. The best clue police have to go on right now is they
were driving a light-blue Cadillac with temporary tags. }
HORROR: Mob of 20 'hooded
blacks' storm UK pub, drag man out, stab him to death...
Half of Florida high school
students fail reading test...
COPS: 19-year-old white
student beaten by two separate black gangs...
Dershowitz: Zimmerman acted
in self-defense. so drop murder charge...
Evidence Backs Up George
Zimmerman's Version of Shooting...
Witness Told Cops: Trayvon
Straddling And Punching 'MMA Style'...
Marc
Faber Sees 100% Probability Of Global Recession In 2013 ZeroHedge.com
Tyler
Durden 5/25/12 From around
two minutes into this CNBC clip, Marc Faber brings the conversation back into
sharp focus. Noting that "whenever
everybody focuses on just one thing -
The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed! Train Reading: The Stock Market Is
(Criminally) Insane The Wall Street Journal , [ECRI Stays with
Recession Call New American | The
vicious cycle is starting where lower sales, lower production, lower employment
and lower income [leads] back to lower sales… http://albertpeia.com/ecricallsrecession.htm , Dave’s Daily: http://www.etfdigest.com ALGOS FEAST ON RUMORS 5-24-12 ‘The overall news continues to be
dreadful. In
Submitted by Tyler Durden on
05/25/2012
While eugenicists and Keynesians make correct
descriptive observations — like the fact that certain qualities and traits are
inheritable, or more simply that children are like their parents — their attempts to use the state as a mechanism to
control these natural systems often turns out to be drastically worse than the
natural systems that they seek to replace. As Keynes seems to
admit when — in the German language edition of his General Theory — he noted that the
conditions of a totalitarian state may be more amenable to his economic theory,
the desire for control may be the real story here. Keynesianism brings more of
the economy under the control of the state. It is a slow and creeping descent into
dependency on the state. As we are seeing in
http://albertpeia.com/usmultilingual.htm
‘The
quickest way to divide people is to have them speak different languages.
America has always been a nation of immigrants, but one of the things that has
always united us as a nation has been the English language. In the past,
it was always understood that if you wanted to thrive in the "land of
opportunity" that you had better learn English and learn it well.
Unfortunately, times have changed. Today, many radical activist groups
are actually referring to the English language as a "tool of
oppression" and are demanding that special accommodations be made for
those that do not wish to learn the English language. But what languages
are we supposed to accommodate? Overall, there are 325 different languages
spoken at home in the
Drudgereport: 5-25-12 Plans for
emergency immigration controls if euro collapses...
Spanish bank
asks for biggest bailout in country's history...
Fear Seen in
Money Transfers...
Faber: Chance of Global Recession
Now 100%...
ZUCKED UP:
CITI LOSES MILLIONS
IPO Seen
Deepening Investor Distrust of Stocks...
SEC eyes
Nasdaq...
Obama
Pot-Smoking 'Choom Gang'...
Thanked drug
dealer, not mom, in high-school yearbook...
Twice in 2
Days Mentions 'My Sons' -- even with Teleprompter...
340-pound
woman punches, pepper-sprays, spits on PIGGLY WIGGLY workers in bid to steal food...
5-24-12 REAL DEFICIT
LAST YEAR: $5 TRILLION...
REPORT: Senate Dems pay female
staffers less than male staffers...
HALF OF
DETROIT STREETLIGHTS MAY BE TURNED OFF
ZUCKER BORN
EVER MINUTE:
FIDELITY
facing 'thousands' hit by FACEBOOK woes...
Big European
funds dump euro assets...
Investors Running Out of Safe
Havens to Put Money?
Flash Mob of
40 Kids Storm 7-ELEVEN over Free Slurpee Promotion, Beat Manager, Raid
Shelves...
REPORT:
Woman viciously beaten at MCDONALD'S drive-thru...
'This
is for you, you white b***ch! This is a grape soda!' { The description of the suspects - two black women and
one black man ..
HORROR: Mob
of 20 'hooded blacks' storm UK pub, drag man out, stab him to death...
Half of
Florida high school students fail reading test...
COPS:
19-year-old white student beaten by two separate black gangs...
Dershowitz:
Zimmerman acted in self-defense. so drop murder charge...
Evidence
Backs Up George Zimmerman's Version of Shooting...
Witness Told
Cops: Trayvon Straddling And Punching 'MMA Style'...
ABC News Exclusive: Zimmerman Medical Report Shows Broken Nose,
Lacerations After Trayvon Martin Shooting {That little (6’3”) thieving
nigger was enraged by his being thwarted in his scope-out/plundering of
Zimmerman’s neighborhood. Clearly self-defense with wounds consistent with his
true story, Zimmerman was fighting for his life and ultimately saved the
citizens of Florida from the future costs of the burgeoning violent, thieving
typical nigger-criminal trayvon martin.}
Previous: Holder sues Florida city, says firefight test racist [
Yeah, of course, because dumb niggers can’t read, ‘rite, or do ‘rithmetic!
They’re always too busy donning their little hoodies and scopin’ out
neighborhoods for their pillaging, plundering, and terrorizing! ]...
Black mob beats white man unconscious on his front
porch...
'Now that's justice for Trayvon' (they
shout in crazed nigger fashion)...
DERSHOWITZ BLASTS PROSECUTION: 'NOT ONLY IMMORAL, BUT
STUPID'... [ Indeed! And, make no mistake, I never would have
thought I’d be agreeing with Alan Dershowitz on anything: http://albertpeia.com/trayvonnewtawana.htm
]
BANG, BANG ‘…taken three
minutes after he
shot and killed Martin. The photo gives credence to Zimmerman's claim that
Martin had bashed his head against the concrete as Zimmerman fought for his
life…’
COPS:
Suspect angry over Trayvon Martin death beats up white man...
Farrakhan
Warns Whites: 'Unless You Change, Your End Has Come'… [ They call this a
self-destructive manifestation of the Oedipal Effect: Goodbye niggers, aka
unevolved apes/chimps/monkeys – Your end’s already here! Your jigs are up, and you boos are down! Everyone’s onto your nigger jive! Look in the
mirror! If only you could change / evolve faster! ] ...
HOLDER
PRAISES FELLOW APE SHARPTON, ONE INCOMPETENT NIGGER TO ANOTHER ...
Tyson on Zimmerman: 'It's a disgrace that man hasn't been shot
yet' (Mike
Tyson vs. Robin Givens: … biggest fight | Ebony ... 8 months after Mike Tyson and Robin Givens were married on Feb…beatings-she filed for divorce)
Panthers
Call For Violent Revolution, Race War, Bloodshed Against ‘Honkies’ (Video)
Dave’s Daily: http://www.etfdigest.com ALGOS FEAST ON RUMORS May 24, 2012 http://albertpeia.com/dave.htm ‘The overall news continues to be dreadful.
In
The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed! Train Reading: The Stock Market Is
(Criminally) Insane The Wall Street Journal , [ECRI Stays with
Recession Call New American | The
vicious cycle is starting where lower sales, lower production, lower employment
and lower income [leads] back to lower sales… http://albertpeia.com/ecricallsrecession.htm , Dave’s Daily: http://www.etfdigest.com ALGOS FEAST ON RUMORS 5-24-12 ‘The overall news continues to be
dreadful. In
{ Related: 34
Shocking Facts About U.S. Debt That Should Set America On Fire With Anger http://theeconomiccollapseblog.com http://albertpeia.com/34shockingfactsofusdebt.htm ‘We have all been
lied to. For decades, the leaders of both major political parties have
promised us that they can fix our current system and that they can get our
national debt under control. As the 2012 election approaches, they are
making all kinds of wild promises once again. Well you know what?
It is all a giant sham. The
http://albertpeia.com/usacommunistchinacolony.htm
{
A sure sign that the communist Chinese have lost their edge; I mean, rationally
speaking, who’d want to? }
[
Related: Why
Is The Obama Administration Allowing The Chinese Government To Buy Up U.S. Oil
And Gas Deposits Worth Billions Of Dollars?
http://albertpeia.com/chinabuyingamerican.htm
]
http://albertpeia.com/biguscitiescesspoolsoffilthdecaywretchedness.htm
Drudgereport: 5-24-12 Flash Mob of
40 Blacks Storm 7-ELEVEN over Free Slurpee Promotion, Beat Manager, Raid
Shelves...
REAL DEFICIT
LAST YEAR: $5 TRILLION...
REPORT: Senate Dems pay
female staffers less than male staffers...
HALF OF
DETROIT STREETLIGHTS MAY BE TURNED OFF
NIELSEN:
DRUDGE READERS MOST EDUCATED...
Flash Mob of
40 Blacks Storm 7-ELEVEN over Free Slurpee Promotion, Beat Manager, Raid
Shelves...
REPORT:
Woman viciously beaten at MCDONALD'S drive-thru...
'This
is for you, you white b***ch! This is a grape soda!' { The description of the suspects - two black women and
one black man - is vague. The best clue police have to go on right now is they
were driving a light-blue Cadillac with temporary tags. }
HORROR: Mob
of 20 'hooded blacks' storm UK pub, drag man out, stab him to death...
Half of
Florida high school students fail reading test...
COPS:
19-year-old white student beaten by two separate black gangs...
Dershowitz:
Zimmerman acted in self-defense. so drop murder charge...
Evidence
Backs Up George Zimmerman's Version of Shooting...
Witness Told
Cops: Trayvon Straddling And Punching 'MMA Style'...
New evidence in Trayvon Martin case raises
more questions
Trayvon Martin's autopsy shows he had marijuana in his system the night he was
killed by neighborhood watch volunteer George Zimmerman, and a gunshot to his
chest came from close range, according to nearly 200 pages of previously
undisclosed documents released Thursday.
ABC News Exclusive: Zimmerman Medical Report Shows Broken Nose,
Lacerations After Trayvon Martin Shooting {That little (6’3”) thieving
nigger was enraged by his being thwarted in his scope-out/plundering of
Zimmerman’s neighborhood. Clearly self-defense with wounds consistent with his
true story, Zimmerman was fighting for his life and ultimately saved the
citizens of Florida from the future costs of the burgeoning violent, thieving
typical nigger-criminal trayvon martin.}
Previous: Holder sues Florida city, says firefight test racist [
Yeah, of course, because dumb niggers can’t read, ‘rite, or do ‘rithmetic!
They’re always too busy donning their little hoodies and scopin’ out
neighborhoods for their pillaging, plundering, and terrorizing! ]...
Black mob beats white man unconscious on his front
porch...
'Now that's justice for Trayvon' (they
shout in crazed nigger fashion)...
DERSHOWITZ BLASTS PROSECUTION: 'NOT ONLY IMMORAL, BUT
STUPID'... [ Indeed! And, make no mistake, I never would have
thought I’d be agreeing with Alan Dershowitz on anything: http://albertpeia.com/trayvonnewtawana.htm
]
BANG, BANG ‘…His
surprising testimony came the same day that ABC News exclusively obtained a
photograph showing the bloodied back of Zimmerman's head, which was apparently
taken three minutes after he
shot and killed Martin. The photo could give credence to Zimmerman's claim
that Martin had bashed his head against the concrete as Zimmerman fought for
his life…’
COPS:
Suspect angry over Trayvon Martin death beats up white man...
Obama as a
Boy Ate Dog Meat [ And, you can bet there’s canabalism in his line; his father
being an african ape nigger and his mother a flaky whore; you know, that
typical type that schtooped niggers back in the day! ]...
Obama
campaign tries to diversify...
...looking
to hire more African-Americans [ More dead-weight, contentious,
unproductive make-shift, make-work, costly welfare job niggers … just what the
nation, strike that, wobama campaign needs.]
Farrakhan
Warns Whites: 'Unless You Change, Your End Has Come'… [ They call this a
self-destructive manifestation of the Oedipal Effect: Goodbye niggers, aka
unevolved apes/chimps/monkeys – Your end’s already here! Your jigs are up, and you boos are down! Everyone’s onto your nigger jive! Look in the
mirror! If only you could change / evolve faster! ] ...
HOLDER
PRAISES FELLOW APE SHARPTON, ONE INCOMPETENT NIGGER TO ANOTHER ...
'SECOND
DEGREE MURDER'...
'We do not
prosecute by public pressure or by petition'[B***S***!]...Tyson on Zimmerman: 'It's a disgrace that man hasn't been shot
yet' [ Spoken like the true ape, dumb nigger he is! If he had been an extra
in ‘Planet of the Apes’, they could have saved money on make-up / costumes. The
reality is, if that were the criterion and rule, given the overwhelming
prevalence of black violence, particularly black on white violence, there’d be
a lot of dead niggers. Niggers are a scourge wherever they are; a black plague,
if you will. The reality is that in this nation, having been overrun by
niggers, americans have become the new age dinosaurs. As for tyson, the ugly
little monkey that no one wanted, now full-grown angry ape, his IQ is well
below the average 100. Ape tyson is just a disgrace, period. He’s a typical
ignorant, violent ape/nigger. Life with ape tyson, also a convicted rapist, was
described by his then (soon to be former) wife, Robin Givens, in a live
televised interview with him present (you can only imagine the unsaid) as
‘hell’. He’s mentally deranged (too many head shots?), but he does profess
typical nigger sentiment. (Mike
Tyson vs. Robin Givens: … biggest fight | Ebony ... Eight months after Mike Tyson and Robin Givens were married on Feb. ...
beatings -- she filed for divorce)
Panthers
Call For Violent Revolution, Race War, Bloodshed Against ‘Honkies’ (Video) Some typical comments: Reply:
April 11th, 2012 at 9:51 pm 11 percent of population and they always have thier
hands out begging for more.No matter how much you give them its never
enough.Filthy animals is all they are. (Absolutely correct!)
Dandroid Reply:
April 11th, 2012 at 5:47 pm
Show trial to keep the peace? Cities will burn if hes found not guilty!
Startover Reply:
April 12th, 2012 at 12:04 am
Let the cities burn, send the Army in to finish them off
George Zimmerman is totally innocent
Trayvon is a punk ass killer (also a known thief and would be in futuro typical
nigger criminal)
There is only one victim in this case and that is Zimmerman
Eduard Reply:
April 11th, 2012 at 7:28 pm
Precisely!! That was my thought…’ ]
Heroin
dealer uses welfare EBT card to post bail [ Yes, he’s a nigger; with unreported
cash drug income that gives him welfare as well! ] ...
New Black
Panther Party chief of staff apologizes after radio outburst...
'The
things that's about to happen, to these honkeys, these crackers, these pigs'...
Black
residents fearful after shootings in Tulsa… [ Now they know how the ‘white
folk’ feel, everywhere, every day, and the black on white violent crime stats
overwhelmingly prove the reality and legitimacy of that concern! Civilized
people everywhere are tired of the typical nigger b***s***! ]...
RACE WARS: ZIMMERMAN
BREAKS SILENCE...
Family
challenges Holder on New Black Panthers...
Hacked
roadsign reads: 'Trayvon a n*****'...
CNN says
'f****** n*****' on air...
Anchor:
'N*****' Should Replace 'N-word' in News Reports...
Government
Surveillance Crackdown On Internet Goes Into Overdrive...
Congressman
fears Obama power grab in 'emergency'...
Fidel Castro
mocks Obama over 'guayabera' diplomacy...
REPORT:
'Stunning lack of diversity' in Obama's re-election campaign [ I’d say this is
more embarrassing for the self-destructive whites who are for obama; after all,
who would be foolish enough to hire the typically uncivilized, problematic,
violence / crime prone, etc., blacks? ]
... { to be fair and balanced, the RICO litigation involves those
uncivilized who consider themselves ‘whites’ http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf
(predominantly but not exclusively jews / romans-italians / mobsters /
government slugs). }
$1 million
pizza party in Detroit -- on sterling silver plates!
WHouse
basketballs emblazoned with Obama's image...
HOODIE ON
THE HILL...
VIDEO: Dem Rep Kicked Off
House Floor... [ Typical
noisy nigger in the house of bad black reps. Female members, keep your purses
close when ‘bobby bobby r’ is near; the temptation might prove to be too much
for his inner rap nigger soul man. ]
Ex-Black
Panther...
Another
Says Trayvon 'Hunted Down Like Dog'
[Well, if the shoe fits … but, actually, niggers are more like apes,
monkeys that only evolved to a point… and some dog-lovers might be offended by
comparing niggers to dogs. ]...
Pentagon
unaware of 'secret deal' between Obama, Kremlin ... [ Wobama’s done! Those
black niggers have stunk-up the Whitehouse for too long!
http://albertpeia.com/bobobamathetraitor.htm ]
Black Panthers offer $10,000
bounty for 'capture' of Trayvon Martin's killer … [ who do these filthy niggers
think they are? ] Take a look at this nigger who kills a white man during
robbery, without any provocation from the victim ... http://albertpeia.com/typicalblackmanonneighborhoodwatch.htm
Shooter of
Florida teen not a racist, lawyer says...
SECRET
WITNESS: Self-defense... [Witness:
Martin attacked ZimmermanUpdated: Monday, 26 Mar 2012, 2:57 PM EDT
ORLANDO - A witness we haven't heard from before paints a much different
picture than we've seen so far of what happened the night 17-year-old Trayvon
Martin was shot and killed.The night of that shooting, police say there was a
witness who saw it all.Our sister station, FOX 35 in Orlando, has spoken to
that witness.What Sanford Police investigators have in the folder, they put
together on the killing of Trayvon Martin few know about.The file now sits in
the hands of the state attorney. Now that file is just weeks away from being
opened to a grand jury.It shows more now about why police believed that night
that George Zimmerman shouldn't have gone to jail.Zimmerman called 911 and told
dispatchers he was following a teen. The dispatcher told Zimmerman not to.And
from that moment to the shooting, details are few.But one man's testimony could
be key for the police."The guy on the bottom who had a red sweater on was
yelling to me: 'help, help…and I told him to stop and I was calling 911,"
he said.Trayvon Martin was in a hoodie; Zimmerman was in red.The witness only
wanted to be identified as "John," and didn't not want to be shown on
camera.His statements to police were instrumental, because police backed up
Zimmerman's claims, saying those screams on the 911 call are those of
Zimmerman."When I got upstairs and looked down, the guy who was on top
beating up the other guy, was the one laying in the grass, and I believe he was
dead at that point," John said.Zimmerman says the shooting was self
defense. According to information released on the Sanford city website,
Zimmerman said he was going back to his SUV when he was attacked by the
teen.Sanford police say Zimmerman was bloody in his face and head, and the back
of his shirt was wet and had grass stains, indicating a struggle took place
before the shooting.’ ] Trayvon Martin shooter: Teen went for my gun
Hoodie-Wearing
niggers Kill 1, Wound 5 in Congressman's District... http://albertpeia.com/niggersinniggertown.htm [ 13 shot, 2 dead in Chicago in six hours Thursday night ]
'There were
young men scattered everywhere'... [ http://albertpeia.com/obamaslammedforsilenceonwhitestudentsmurderedbyblack.htm , http://albertpeia.com/typicalblackmanonneighborhoodwatch.htm
, http://albertpeia.com/blackonwhitecrime.htm , VIDEO: Black
Student Becomes Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm , http://www.albertpeia.com/whitesvictimizedbyblacks.htm
]
Buchanan: It's all about race
now...
NAACP
condemns nigger apeman sharpton's call for escalation in civil disobedience...
Talkradio
host calls for arrest and removal from MSNBC...
Detroit
Preacher: 'Isn't The Mood In This Nation That White People Are Better Than
Black? [ That’s not the mood, that’s reality; the plain, raw, unvarnished
truth! And, not just whites; viz., Asians, Hispanics, real American Indians, etc., and most feral beasts except dogs are
better than blacks who are at best their equals, though some dog owners/lovers
may dispute that. Niggers are a scourge on civilized society wherever they are.
Just look around, worldwide, wherever they are, in concentrations particularly;
it’s the same nigger story. That’s the way they are. That’s what they are. They
are a blight on any neighborhood. They are a blight on any society and an
insurmountable burden. They bring any society down. Some will argue, how ‘bout
sports?, to which one may reply, ie., just because you go to horse races,
doesn’t mean you want to live with horses, or, just because you have monkeys in
zoos doesn’t mean you want to live with them, etc., much less cede control and
affect over society to them. ] '
·
Trayvon Martin was suspended from school three times
in the months before he was shot dead by a neighborhood watchman, it emerged
today.
·
The facts, revealed in a leaked report, paint a
different picture of a teenager who frequently found himself in trouble with
authorities.
·
It was also revealed that he might have attacked a
bus driver, according to a Twitter account that it is claimed belonged to the
teen.
The
POLICE:
Black teenagers light 13-year-old on fire; 'You get what you deserve, white
boy'...
Typical n*****s! Come on! People are tired of making making up excuses
for the blacks. It’s always the same story with them, no matter where. http://www.albertpeia.com/whitesvictimizedbyblacks.htm
http://www.albertpeia.com/whitesvictimizedbyblacks.htm Drudgereport:
'Mob' beatings at WI state
fair... 'Hundreds of
young black people beating white people'... [ Typical n*****s! Good thing there are food stamps;
otherwise they’d be reverting to their inherent proclivity for canabalism (send
them back to
Black Serial/Mass/Spree Killer List:
1. Matthew
Emanuel Macon (Murdered and Raped 5 White Women in
2. Jimmie
Reed (Murdered his wife and his 2 month old daughter and set them on fire)
3. Shelly
Brooks (Murdered 7 prostitutes in
4. Justin Blackshere
(Stabbed two white cooks at Cheli’s Chili downtown
5. Jervon
Miguel Coleman (Murdered three people.)
6. Donell
Ramon Johnson (Murdered a mother and a daughter)
7. Brian
Ranard Davis (6 women known murdered by nigger)
8. Paul Durousseau
(Seven women)
9. Mark Goudeau “The
Baseline Killer” (Eight women and a man in 2005-2006)
10. Coral Eugene Watts
(11 women in
11. Anthony
McKnight (Five girls and young women)
12. Derrick Todd Lee
(8 Women)
13. Charles
Lendelle Carter (4 known murders; admits to ‘hunting’ Atlantans for 15
years!)
14. The Zebra Killings
(71 White people)
15. Chester Turner
(L.A.s most prolific killer 12 women killed.)
16. Lorenzo
J. Gilyard (
17. Eugene
Victor Britt (
18. Reginald and
Jonathan Carr (The
19. Ray Joseph
Dandridge and his uncle, Ricky Gevon Gray (
20. The
Tinley Park Murderer (Suspect hasn’t been found but has been described as
black – murdered 5 women in a store.)
21. Henry Louis
Wallace (Raped and strangled 5 women to death.)
22. Charles
Johnston (Murdered 3 unarmed white men in hospital)
23. Craig Price
(Brutally murdered 3 women)
24. Harrison
Graham (Brually Murdered 3 women)
25. Charles
Lee “Cookie” Thornton (Murdered 6 Whites at the
26. & 27. Darnell
Hartsfeld & Romeo Pinkerton (Abducted and Murdered 5 from a restaurant)
28 &29. John Allen Muhammad & Lee Boyd Malvo (Sniped 11 people from a
car in DC, 9 died.)
30. George Russell (3 women, WA state)
31. Timothy W. Spencer (5 killed,
32. Elton M. Jackson (12 gay men killed,
33.
34. Mohammed Adam Omar (16 women,
35. Kendall Francois (8 women,
36. Terry A. Blair (8 women,
37. Wayne Williams (33 many of them children!,
38. Vaughn Greenwood (11 killed in LA)
39. Andre Crawford (10 killed in
40. Calvin Jackson (9 killed possibley more in NY)
41. Gregory Klepper (killed 8,
42.
43. Harrison Graham (killed 7+ in
44. Cleophus Prince (6 killed in,
45. Robert Rozier (7 killed in,
46. Maurice Byrd (killed 20 + in
47. Maury Travis (17 and rising,
48. Hulon Mitchell, a.k.a. Yahweh Ben Yahweh (killed 20+ in
49. Lorenzo Fayne (killed 5 children in
50. Paul Durousseau, (killed 6, two of which were pregnant women,
51. Eddie Lee Mosley (killed 25 to 30 women, south
52. Henry Lee Jones (killed 4 in, south
53. Richard “Babyface” Jameswhite (15 killed in,
54. Donald E. Younge, Jr. (killed 4),
55. Ivan Hill
(killed 6 in
56. Michael Vernon (
57. Chester Dewayne Turner (12 women killed in, Los Angeles)
ARREST MADE IN LOS ANGELES GRIM SLEEPER SERIAL KILLER CASE July
07, 2010 http://articles.cnn.com/2010-07-07/justice/grim.sleeper.arrest_1_lonnie-david-franklin-serial-killer-case-family-members?_s=PM:CRIME |By
Mallory Simon, CNN ‘Authorities in California said Wednesday they have arrested
a suspect in the Grim Sleeper serial killer case and will charge him with 10
counts of murder.Lonnie David Franklin Jr., 57, faces an additional count of
attempted murder, Capt. Kevin McClure with the Los Angeles Police Department
said.Franklin will arraigned in court Thursday morning, McClure said.The
California Attorney General's office attributed the arrest to DNA collected
from a relative of the suspect, in a controversial and rarely used practice
known as familial DNA search.’
Of
Course There Are Black Serial Killers by Lynette Holloway
on July 15, 2010 The case of the
"Grim Sleeper" inspires a second look at the popular perception that
serial killing is the province of clever white men.
Serial
Murderers' Row July 16, 2010 The
following black men are among the most prolific serial killers in
Black Serial
Killers Not So Uncommon http://www.amren.com/news/news04/03/03/blackserial.html
200 Involved
In Fights At Mall Of America After Rumors That Rappers Are There...
People
have become weary of making up excuses for blacks (like obama, holder, etc.).
At some point, as now, people should not be timid about relating the cold,
unvarnished truth statistically / factually about blacks and, ie., black on white violent crime, etc..
From
Pat Buchanan: As for racism, its ugliest manifestation is in
interracial crime, and especially interracial crimes of violence. Is Barack
Obama aware that while white criminals choose black victims 3 percent of the
time, black criminals choose white victims 45 percent of the time? Is Barack
aware that black-on-white rapes are 100 times more common than the reverse,
that black-on-white robberies were 139 times as common in the first three years
of this decade as the reverse? We have all heard ad nauseam from the Rev. Al
about Tawana Brawley, the Duke rape case and
The reality is that blacks
are an insoluble problem wherever they are. That’s not going to ever change;
not make-shift/make-work jobs; not programs; not anything tried or to be tried;
hence, they must be treated as exactly that – problems – before a solution can
be derived and fashioned. ] [ Send the
niggers, including niggerbama back to sub-saharan africa! ]
Eurobonds:
The Issue That Could Shatter Europe http://albertpeia.com/eushatteringeubonds.htm
‘...In fact, it is being estimated that
The frauds on wall street et als
should be criminally prosecuted, jailed, fined, and disgorgement imposed! Train Reading: The Stock Market Is
(Criminally) Insane The Wall Street Journal , [ECRI Stays with
Recession Call New American | The
vicious cycle is starting where lower sales, lower production, lower employment
and lower income [leads] back to lower sales… http://albertpeia.com/ecricallsrecession.htm , Dave Fry/Dave’s
Daily: Timing is Everything vs. Seductive Hype 5-23-12 { Yes, Dave;
indeed that’s true, timing is everything, certainly in stock market investing.
And, REMEMBER: ONLY A FEW DAYS LEFT TO SELL IN MAY AND
GO AWAY! Great opportunity to sell into this short-covering / HFT
algo-driven rally into the close to window dress the bad news / bad
fundamentals scenario; because, there are no bargains on fraudulent wall
street. Dave’s Daily: http://www.etfdigest.com ‘…After
being down nearly 200 points markets turned around late as the infamous 2:15 PM
Buy Program Express kicked-in (a few minutes late) and stocks rallied sharply
off lows as another short squeeze began…’
I’ve included this link for Bidermann’s summary from Dave’s Daily: http://albertpeia.com/dave.htm
}, Greece
Could Implode the Second Bailout and the EU by Mid-June http://albertpeia.com/greecesecondbailouteuimplosion.htm , Eurobonds:
The Issue That Could Shatter Europe http://albertpeia.com/eushatteringeubonds.htm
, As
Reality Recedes, Rumor Rampage Returns
, Biderman
On Bad Data And China's Recession
, On The
Predictability Of European Lies
, HP to lay off about 27,000, profit slides 31 percent , http://albertpeia.com/obamas5trilliondollarlie.htm , http://albertpeia.com/fedecbcantstopcomingcrash.htm
, http://albertpeia.com/bankrunsspainitalyeuropeanarchy.htm
, JPMorgan
Estimates Immediate Losses From Greek Exit Could Reach 400 Billion ZeroHedge.com Durden
, Are
They Insane? 58 Percent Of Americans Believe Economic Conditions In The United
States Will Be Good A Year From Now http://albertpeia.com/insanelyoptimistic.htm , If
You Live In California Things Just Got A Whole Lot Worse http://albertpeia.com/hopelesscluelesscalifornia.htm Failed
Wobama model illustrated: 16 Reasons To Move Away From California http://albertpeia.com/16reasonstomoveawayfromcalifornia.htm
http://albertpeia.com/eushatteringeubonds.htm
May 23,
2012 By gpc1981 http://albertpeia.com/greecesecondbailouteuimplosion.htm
Drudgereport: 5-23-12 GOOGLE
chairman: 'We face fight for future of web'... ‘One of Google’s most senior
executives issued a stark warning tonight that the power of the internet to
free some of the world’s most oppressed people risks being overturned by
autocratic governments who seek to “Balkanise” the web by controlling what can
be accessed…dictatorial regimes
were increasingly looking to control who has access to the web by “filtering
information they fear or prohibit.”…’
UPDATE:
Eurozone looks at Greek exit as leaders meet...
Germans
ready to boot Greece out...
Russia tests
new missile, in warning over U.S. shield...
BBC:
'Barcode Everyone at Birth' with 'implanted chips'...
Bilderberg
Pushes Mandatory Internet ID for Europe...
Bars using
new app and hidden cameras to scan customers' faces...
IF IT WAS ONLY ONE THING ABOUT WOBAMA THAT
MAKES HIM SO WRONG. YET, IT’S A MULTITUDE OF REALITIES; FROM INVARIABLY BROKEN
CAMPAIGN PROMISES (Roche
'The worst part of it ...Obama, who
vowed change, has done almost nothing to fix any of it and in fact continues
most of the policies that helped get us here in the first place’ ‘INSIDE JOB’ Ferguson
wins Oscar for Documentary on the unprosecuted massive extant fraud in the
(many) TRILLIONS by the frauds on wall street ( and declares with oscar in hand
that not one high level wall street exec has been prosecuted … despite
‘earning’ billions from the fraud ) Cases against Wall Street lag despite
Holder’s vows to target financial fraud WP
Obama has promised to hold Wall Street accountable for the meltdown. ‘THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv , etc.) , TO
VERY REAL BIRTH ISSUES (WHAT PERSON FAILS TO GET THEIR PLACE OF BIRTH CORRECT –
THE FRAUDULENT WOBAMA KIND http://albertpeia.com/wasntbornintheusa.htm http://albertpeia.com/obp.jpg http://albertpeia.com/impeachobama.htm ) , TO THE CURRENT
OBFUSCATING FRAUD, Obama's Five
Trillion Dollar Lie http://albertpeia.com/obamas5trilliondollarlie.htm { the
economy is already in depression in real
terms when taking into account real inflation numbers. Financial
Crisis Phase II Is Ahead at Forbes Bert Dohmen ‘ In late 2007, I wrote the book Prelude To Meltdown, predicting the global crisis that
occurred the following year. I now see a similar confluence of events ..
“the new recession has started.”… Over the past 33 years, we have called the
start of every recession..Currently, the GDP deflator is 1.8%, which hardly
reflects the true rise in prices. Therefore, what is counted as “growth,” is
actually price increases. Actual inflation..is now more than 11%. Using that to
adjust GDP for inflation, would show that the economy is now in a very sharp
contraction…’ } , WOBAMA ET ALS’ DISINGENUOUS ATTACKS
AGAINST ROMNEY ON WHAT WAS PRIZED AND LAUDED AS LEGAL, COMPETENT MANAGEMENT
INCREASING SHAREHOLDER WEALTH (THE TASK OF COMPETENT MANAGEMENT) IN THOSE
BLOATED, NON-COMPETITIVE TIMES CONTRASTED WITH WOBAMA’S UNPRECEDENTED FURTHER
BANKRUPTING OF THE NATION AND INDISPUTABLE FAILURE AS PRESIDENT (Obama's
Legacy: A Failed Recovery & Double-Dip Recession Forbes / Mariotti ‘…There will be no significant recovery
in the United States of America while Barack Obama is President. The
evidence is overwhelming: everything Obama has tried to fuel a recovery
(with his Democratic allies in Congress) has failed. Statistics claiming
jobs saved by the stimulus package were mostly fiction, and cost American
taxpayers about $275,000 each. Nearly 2-1/2 million fewer Americans have
jobs than before the stimulus. Barack Obama has been President for 30
months—2-1/2 years. He spent the first year obsessed with passing Obamacare, a
program that doesn’t create jobs, but might destroy a lot of them. He
“bailed out” GM, but many believe that his interference didn’t save GM; it
merely cost taxpayers an extra $15-20 billion, and stole from legitimate investors
to buy off the UAW. His broken campaign promises are too numerous to
list…’). IT IS NOTHING SHORT OF TRAGEDY TO SEE PEOPLE
DELUDE AND MAKE FOOLS OF THEMSELVES IN SUPPORT OF JIVE-TALKING GRIFTER/CON-MAN
OBAMA. GOOD-BYE FORMER FAILED PRESIDENT WOBAMA … GOOD RIDDANCE!
The
EU Political Game of Growth Vs. Austerity is Akin to Polishing the Brass on the
Titanic May 22, 2012 By gpc1981
http://albertpeia.com/eusstitanic.htm , Facebook’s
‘falling knife’ shares drop again Market Watch , Dave’s Daily: http://www.etfdigest.com STOCK INVESTORS LACK CONVICTION { Shades of
the dot.com bubble/fraud of yesteryear, facebook’s already being referred to as
a debacle, ie., infra, ‘Facebook (FB) debacle remains fixed in the minds of
many investors which only made Monday’s rally weirder. (FB) fell another 9%
Tuesday making the total decline from the IPO 18%. Like I stated yesterday,
there will be books and case studies written about this issue.’ The frauds on
wall street still scammin’ and jammin’. }
5-22-12 ‘European stocks rallied early on news that the EU ministers are
going for growth vs austerity. China had already chimed-in that it was going to
do the same which provided a spark.Supposedly there’s a rumor and story going around that Greece is
being supported by a secret ECB lending facility ELA (Emergency Liquidity
Assistance) of €100 billion. This signals more trouble than the rosy Kumbaya
comments announced at the G-8 meeting. Further, late day news indicated more
EFSF (European Financial Stability Facility) rescue funds for Greek banks:
Chart below courtesy of Zero Hedge: http://albertpeia.com/geuexitprep.jpg ,
Facebook IPO: CIA and Goldman Sachs Take the Suckers for
a Stroll Kurt Nimmo
| Stasibook takes on a side project — to enrich insiders while taking the
outsiders to the cleaners
The
Facebook Maginot Histogram - Here Is How Morgan Stanley Just Gave Up Update: well, our feeling was
correct:
The
EU Political Game of Growth Vs. Austerity is Akin to Polishing the Brass on the
Titanic May 22, 2012 By gpc1981
http://albertpeia.com/eusstitanic.htm
Drudgereport: 5-22-12 ZUCKED!
NASDAQ WOULD HAVE PULLED STOCK....
THE $40 BILLION VANISH...
MORGAN STANLEY Under Review...
Massachusetts
subpoenas...
Selloff Nearly Turned Into Bigger Run...
Stock Loses 18% of value...
Investor Sues...
'The insiders got greedy'...
'They knew the jig was up'...
Zuckerberg sell shares...
FRIENDS: OBAMA TOUTED FACEBOOK IN 'CAMPAIGN' TOWN HALL...
DOOM: FACEBOOK could destroy
economy?
REPORT: Woman viciously
beaten at MCDONALD'S drive-thru...
'This is for
you, you white b***ch! This is a grape soda!' { The description of the suspects - two black women and
one black man - is vague. The best clue police have to go on right now is they
were driving a light-blue Cadillac with temporary tags. }
HORROR: Mob of 20 'hooded
blacks' storm UK pub, drag man out, stab him to death...
Half of
Florida high school students fail reading test...
COPS:
19-year-old white student beaten by two separate black gangs...
Dershowitz:
Zimmerman acted in self-defense. so drop murder charge...
Evidence
Backs Up George Zimmerman's Version of Shooting...
Witness Told
Cops: Trayvon Straddling And Punching 'MMA Style'...
New evidence in Trayvon Martin case raises more
questions
Trayvon Martin's autopsy shows he had marijuana in his system the night he was
killed by neighborhood watch volunteer George Zimmerman, and a gunshot to his
chest came from close range, according to nearly 200 pages of previously
undisclosed documents released Thursday.
ABC News Exclusive: Zimmerman Medical Report Shows Broken Nose,
Lacerations After Trayvon Martin Shooting {That little (6’3”) thieving
nigger was enraged by his being thwarted in his scope-out/plundering of
Zimmerman’s neighborhood. Clearly self-defense with wounds consistent with his
true story, Zimmerman was fighting for his life and ultimately saved the
citizens of Florida from the future costs of the burgeoning violent, thieving
typical nigger-criminal trayvon martin.}
Previous: Holder sues Florida city, says firefight test racist [
Yeah, of course, because dumb niggers can’t read, ‘rite, or do ‘rithmetic!
They’re always too busy donning their little hoodies and scopin’ out
neighborhoods for their pillaging, plundering, and terrorizing! ]...
Black mob beats white man unconscious on his front
porch...
'Now that's justice for Trayvon' (they
shout in crazed nigger fashion)...
DERSHOWITZ BLASTS PROSECUTION: 'NOT ONLY IMMORAL, BUT
STUPID'... [ Indeed! And, make no mistake, I never would have
thought I’d be agreeing with Alan Dershowitz on anything: http://albertpeia.com/trayvonnewtawana.htm
]
BANG, BANG ‘…His
surprising testimony came the same day that ABC News exclusively obtained a
photograph showing the bloodied back of Zimmerman's head, which was apparently
taken three minutes after he
shot and killed Martin. The photo could give credence to Zimmerman's claim
that Martin had bashed his head against the concrete as Zimmerman fought for
his life…’
People have become weary of making
up excuses for blacks (like obama, holder, etc.). At some point, as now, people
should not be timid about relating the cold, unvarnished truth statistically /
factually about blacks and, ie., black
on white violent crime, etc..
From Pat Buchanan: As for
racism, its ugliest manifestation is in interracial crime, and especially
interracial crimes of violence. Is Barack Obama aware that while white
criminals choose black victims 3 percent of the time, black criminals choose
white victims 45 percent of the time? Is Barack aware that black-on-white rapes
are 100 times more common than the reverse, that black-on-white robberies were
139 times as common in the first three years of this decade as the reverse? We
have all heard ad nauseam from the Rev. Al about Tawana Brawley, the Duke rape
case and
The
reality is that blacks are an insoluble problem wherever they are. That’s not
going to ever change; not make-shift/make-work jobs; not programs; not anything
tried or to be tried; hence, they must be treated as exactly that – problems –
before a solution can be derived and fashioned. ] [ Send
the niggers, including niggerbama back to sub-saharan
Obama's Five
Trillion Dollar Lie http://albertpeia.com/obamas5trilliondollarlie.htm { I disagree to the extent that this economic
scenario is posited as anything but presently already in depression in real
terms when taking into account real inflation numbers. Financial
Crisis Phase II Is Ahead at Forbes Bert Dohmen ‘ In late 2007, I wrote the book Prelude To Meltdown, predicting
the global crisis that occurred the following year. I now see a similar
confluence of events .. “the new recession has started.”… Over the past 33
years, we have called the start of every recession..Currently, the GDP deflator
is 1.8%, which hardly reflects the true rise in prices. Therefore, what is
counted as “growth,” is actually price increases. Actual inflation..is now more
than 11%. Using that to adjust GDP for inflation, would show that the economy
is now in a very sharp contraction…’ }
, Neither
the Fed Nor the ECB Will Be Able to Stop What’s Coming http://albertpeia.com/fedecbcantstopcomingcrash.htm , Jim
Cramer Is Predicting Bank Runs In Spain And Italy And Financial Anarchy
Throughout Europe http://albertpeia.com/bankrunsspainitalyeuropeanarchy.htm { The one ‘glass half-full’ thing that’s
going for them is that perma-bull Cramer is so wrong, so often, in very big
ways; yet, realistically one must admit that if cramer’s saying so, it’s many
times worse!
Jim
Cramer Is Predicting Bank Runs In Spain And Italy And Financial Anarchy
Throughout Europe http://albertpeia.com/bankrunsspainitalyeuropeanarchy.htm { The one ‘glass half-full’ thing that’s
going for them is that perma-bull Cramer is so wrong, so often, in very big
ways; yet, realistically one must admit that if cramer’s saying so, it’s many
times worse! }
Neither
the Fed Nor the ECB Will Be Able to Stop What’s Coming http://albertpeia.com/fedecbcantstopcomingcrash.htm
http://albertpeia.com/targetinguscitizens.htm
http://albertpeia.com/top50excusesfornotprepping.htm
Gross
/ PIMCO On Facebook: "I Know A Bubble When I See One"
The
Facebook IPO: The Last Great Wall Street Party http://albertpeia.com/lastwallstreetparty.htm ,
‘Jersey Boy Bruce’, Stalwart Wobama Supporter, Will He Change the Words
to: ‘Wasn’t Born in the U.S.A.’,‘Wasn’t Born in the U.S.A.’ http://albertpeia.com/wasntbornintheusa.htm Say it isn’t so ,‘Jersey Boy Brucie’! http://albertpeia.com/obp.jpg Sing it Brucie: Not born in the usa, Not born
in the usa, O’s not born in the usa, O wasn’t born in the usa! , http://albertpeia.com/impeachobama.htm
Biderman
On Malinvestment And Diminishing Returns From Intervention Charles Biderman of TrimTabs discusses the
reality of the macro environment with Madeline Schnapp - though do not worry as
the sense of sarcasm and disbelief at the government's actions and hopes is
palpable. Noting that our economy is at best growing 'sluggishly' based off her
real-time macro data, Biderman's right hand goes on to explain to him
that inflation is running hotter than the government would like us to believe.
More importantly, she hits the nail on the head with regard to what Biderman
notes is the wasted stimulus money, saying that the economy needs to clear the
malinvestments, not sustain them through stimulus transmission mechanisms, in
order for growth to once again re-appear. Historically QE2 did manage to create
some inventory restocking and pick up in wages/salaries in Q1 2011 but
Operation Twist appears to have little to no impact on the real economy (outside
of government statistical modelers) - which as we have said before indicates
the diminishing
returns to government intervention. What is clear is that, as
we have noted, that post the 1971 modified gold standard, over a
long-period of time it has taken an 'unsustainably' increasing amount of
government debt to create economic growth - with the post-2008 insanity that we
need $2.50 to create $1 of economic growth. The two end with a discussion of
the debt ceiling and deficit potential for a black swan event.
As
The Chinese Car "Channel Stuffing" Bubble Pops, "Debilitating
Price Cuts" Arrive The fact
that GM's "stunning" car sales have been in no small part driven
exclusively by its eagerness to stuff dealers with unsold inventory, aka channel stuffing, is well known to
Zero Hedge readers - we have been covering
the subject for over a year now. What we did not know, yet what in
retrospect is so glaringly obvious, is that the GM ploy of fooling the dumbest
sellside analysts and investors all the time has now gone global.
Aaron Dykes | Publicist says “fact checking” not
correspondence with Obama to blame, as apology is rushed out
Infowars | Over 16
Years, Obama’s Literary Agency Circulated Official Biography Listing Birthplace
as Kenya, Suddenly Changing it to Hawaii in 2007 Ahead of Bid for Highest
Office
Infowars | Obama’s
own authorized biography while president of the Harvard Law Review says he was
“born in Kenya.”
Paul
Joseph Watson | Establishment media pulls stunt in effort to
diffuse ‘birther’ controversy.
Establishment media pulls stunt in effort to diffuse
‘birther’ controversy
Paul
Joseph Watson Infowars.com Friday, May 18, 2012
The establishment media hastily seized on yesterday’s
explosive story about a literary publication listing Barack Obama’s birthplace
as Kenya in an effort to claim that the 1991 brochure was the “origin” of the
entire ‘birther’ issue. In reality, evidence that Obama was born in the African
country is abundant.
A literary agent’s promotional text for a 1991
brochure released
yesterday by Breitbart.com states Obama was “born in Kenya and raised in
Indonesia and Hawaii.”
Yahoo
News, along with a deluge of other mainstream news outlets, responded by
reporting that the document was potentially the “source” of the birther
controversy and had merely been a mistake.
The literary agent who wrote the description, Miriam
Goderich, now works with Dystel & Goderich agency, which lists Obama as one of its clients.
Unsurprising therefore that Goderich hastily claimed listing Obama’s birthplace
as Kenya was “nothing more than a fact checking error.”
However, evidence to indicate that Obama war born in
Kenya is plentiful and it goes significantly beyond the 1991 version of the
brochure.
- Despite claiming the passage about Obama’s
birthplace being Kenya was a mistake, the listing still maintained that Obama’s
birthplace was Kenya until after Obama became a U.S. Senator. “Goderich’s
statement fails to explain why the “fact checking error” persisted for sixteen
years, through at least three different versions of Jane Dystel’s website, and
through at least four different versions of Obama’s biography,” reports
Breitbart.com.
- The literary agency also updated
the text in June 1998, but the part about Obama being born in Kenya was
retained.
- The text was again updated in February 2005 to
reflect the fact that Obama had become a Senator, but Kenya was still listed as
his birthplace.
- After an April 2007 modification of the text, the
passage still read Obama, “was born in Kenya.”
- As
Steve Boman reveals, the Dystel & Goderich agency asks its clients to
submit their own biography, meaning it’s virtually impossible the listing of
Obama’s birthplace as Kenya could have been a “fact checking error” on behalf
of the literary company itself.
- During a speech about HIV, First Lady Michelle
Obama said she and Barack Obama “visited his home country of Kenya.” Watch the
clip below.
- In 2008, Obama’s paternal step grandmother
appeared to indicate publicly that Barack Obama was born in Kenya. In an
interview conducted by American Christian minister Ron McRae, Sarah Obama was
asked, ‘Were you present when your grandson was born in Kenya?’” McRae
testified in his sworn statement. “This was asked to her in translation twice,
and both times she replied, “Yes! Yes she was! She was present when Obama was
born.”
- Another source who met Sarah Obama told World Net
Daily, “I have keenly and attentively listened to the tape over and over again,
and I can confirm from Sarah’s own confession that Barack Obama was born in
Kenya in her presence.”
- A separate Kenyan government official agreed,
stating, “I have listened to the tape. The preacher asked whether Barack Obama
was born in Mombassa, and the translator asked the same. When she said
Mombassa, it was like a surprise, and those there thought she could not have
meant to say Mombassa.”
- When New York Times bestselling author Jerome Corsi
traveled to Kenya to investigate the claims, he was almost immediately kicked out
of the country by Kenyan officials.
- When Kenya’s National Security Intelligence Service
investigated claims that Obama was
born in Kenya, officials in Nairobi found “relevant birth records may have
been removed or were missing.”
- Obama has deep political connections in Kenya. From
2006 onwards he rallied
in support of Islamist Raila Odinga in Kenya, helping him impose Sharia
law. When Odinga lost the Kenyan election in 2008, his supporters rioted,
unleashing a wave of violence. Despite the bloodshed, Obama used his influence
to aid Odinga in retaining his position as part of a coalition government.
For the mainstream media to imply that the 1991
brochure is the “source” of the claim that Obama was born in Kenya is
completely inaccurate. Not only was that brochure updated many times right up
until 2007, with the information about Obama’s birthplace being Kenya retained,
but there are numerous other factors which all indicate that Kenya could indeed
be Obama’s homeland.
*********************
Paul Joseph Watson is the editor and writer for Prison Planet.com. He is the author of Order
Out Of Chaos. Watson is also a regular fill-in host for The Alex Jones Show and
Infowars Nightly News.
Similar/Related
Articles
Infowars.com | Alex
speaks with Congressman Walter B. Jones, Jr. about H.CON.RES.107.
Drudgereport:
5-18-12 Romney warns economy is on
'path of California'... { Yes, that’s really true; and, beyond the
hype and propaganda, that’s a real negative!
}
Debt Up $12,984 Per Household
Since 2011 Spending Deal...
Underwriters Stepped In to
Support Shares at Offering Price...
Trade Disorder Plagues
Nasdaq...
Messy Debut...
'Disastrous'...
SEC to probe glitches...
Zuckerberg In '04: 'No
Intention' Of Making Money...
NATO protesters occupy
Chicago streets...
Police Raid Apartment, Seize
Beer-Making Equipment...
40 Fed Agencies Man Secret
Command Center...
Half of Florida high school
students fail reading test...
COPS: 19-year-old white
student beaten by two separate black gangs...
Dershowitz: Zimmerman acted
in self-defense. so drop murder charge...
Evidence Backs Up George
Zimmerman's Version of Shooting...
Witness Told Cops: Trayvon
Straddling And Punching 'MMA Style'...
New evidence in Trayvon Martin case raises
more questions
Trayvon Martin's autopsy shows he had marijuana in his system the night he was
killed by neighborhood watch volunteer George Zimmerman, and a gunshot to his
chest came from close range, according to nearly 200 pages of previously
undisclosed documents released Thursday.
ABC News Exclusive: Zimmerman Medical Report Shows Broken Nose,
Lacerations After Trayvon Martin Shooting {That little (6’3”) thieving
nigger was enraged by his being thwarted in his scope-out/plundering of
Zimmerman’s neighborhood. Clearly self-defense with wounds consistent with his
true story, Zimmerman was fighting for his life and ultimately saved the
citizens of Florida from the future costs of the burgeoning violent, thieving
typical nigger-criminal trayvon martin.}
Previous: Holder
sues Florida city, says firefight test racist [ Yeah, of course, because dumb
niggers can’t read, ‘rite, or do ‘rithmetic! They’re always too busy donning
their little hoodies and scopin’ out neighborhoods for their pillaging,
plundering, and terrorizing! ]...
Black
mob beats white man unconscious on his front porch...
'Now that's justice for Trayvon' (they shout in crazed nigger
fashion)...
DERSHOWITZ
BLASTS PROSECUTION: 'NOT ONLY IMMORAL, BUT STUPID'... [ Indeed! And, make
no mistake, I never would have thought I’d be agreeing with Alan Dershowitz on
anything: http://albertpeia.com/trayvonnewtawana.htm
]
BANG, BANG ‘…His surprising
testimony came the same day that ABC News exclusively obtained a photograph
showing the bloodied back of Zimmerman's head, which was apparently taken three
minutes after he
shot and killed Martin. The photo could give credence to Zimmerman's claim
that Martin had bashed his head against the concrete as Zimmerman fought for
his life…’
GOOGLE FOUNDERS PLAN SPACE
BIZ { Spaced out! The new boondoggle! Clearly, in desperation this
must be the NSA (recall that google has that ‘cozy’ relationship with the NSA
presumably for your data, searches, activity, etc.) pushing their ‘spread the
new propaganda / b***s***’ line, the googleheads their mouthpiece! How totally
pathetic! How totally desperate! Unfortunately for them, the writing’s already
on the wall; hence, their inconsequential, too little too late, desperation. If
this wasn’t so pathetically desperate and tragic, this would be laughable; not
to mention the costs relative to benefits and a time horizon sufficient to
recoup capital (payback)much less earn a profit – Remember: Decades at best! (I
wonder what the insurance premiums alone on this pipedream would be – oh,
right, self-insurance). Let’s see where they divert the new boondoggled funds
from; stock issue?, taxpayers?, illegal drug trade – strike that as doubtful –
they’re the greediest and lack the patience for a drawn out score! Of course
the other possibility that begs the typical california question of these
california googlers is, ‘what have they been smoking’? http://albertpeia.com/nsawhistleblowerspeaks.htm }
COPS: Suspect angry over
Trayvon Martin death beats up white man...
Obama as a Boy Ate Dog Meat [
And, you can bet there’s canabalism in his line; his father being an african
ape nigger and his mother a flaky whore; you know, that typical type that
schtooped niggers back in the day! ]...
Obama campaign tries to
diversify...
...looking to
hire more African-Americans [ More dead-weight, contentious,
unproductive make-shift, make-work, costly welfare job niggers … just what the
nation, strike that, wobama campaign needs.]
Farrakhan Warns Whites:
'Unless You Change, Your End Has Come'… [ They call this a self-destructive
manifestation of the Oedipal Effect: Goodbye niggers, aka unevolved
apes/chimps/monkeys – Your end’s already here!
Your jigs are up, and you boos are down!
Everyone’s onto your nigger jive! Look in the mirror! If only you could
change / evolve faster! ] ...
HOLDER PRAISES FELLOW APE
SHARPTON, ONE INCOMPETENT NIGGER TO ANOTHER ...
'SECOND DEGREE MURDER'...
'We do not prosecute by
public pressure or by petition'[B***S***!]...Tyson on Zimmerman: 'It's a disgrace that man hasn't been shot
yet' [ Spoken like the true ape, dumb nigger he is! If he had been an extra
in ‘Planet of the Apes’, they could have saved money on make-up / costumes. The
reality is, if that were the criterion and rule, given the overwhelming
prevalence of black violence, particularly black on white violence, there’d be
a lot of dead niggers. Niggers are a scourge wherever they are; a black plague,
if you will. The reality is that in this nation, having been overrun by
niggers, americans have become the new age dinosaurs. As for tyson, the ugly
little monkey that no one wanted, now full-grown angry ape, his IQ is well
below the average 100. Ape tyson is just a disgrace, period. He’s a typical
ignorant, violent ape/nigger. Life with ape tyson, also a convicted rapist, was
described by his then (soon to be former) wife, Robin Givens, in a live
televised interview with him present (you can only imagine the unsaid) as
‘hell’. He’s mentally deranged (too many head shots?), but he does profess
typical nigger sentiment. (Mike
Tyson vs. Robin Givens: … biggest fight | Ebony ... Eight months after Mike Tyson and Robin Givens were married on Feb. ...
beatings -- she filed for divorce)
Panthers
Call For Violent Revolution, Race War, Bloodshed Against ‘Honkies’ (Video) Some typical comments: Reply:
April 11th, 2012 at 9:51 pm 11 percent of population and they always have thier
hands out begging for more.No matter how much you give them its never
enough.Filthy animals is all they are. (Absolutely correct!)
Dandroid Reply:
April 11th, 2012 at 5:47 pm
Show trial to keep the peace? Cities will burn if hes found not guilty!
Startover Reply:
April 12th, 2012 at 12:04 am
Let the cities burn, send the Army in to finish them off
George Zimmerman is totally innocent
Trayvon is a punk ass killer (also a known thief and would be in futuro typical
nigger criminal)
There is only one victim in this case and that is Zimmerman
Eduard Reply:
April 11th, 2012 at 7:28 pm
Precisely!! That was my thought. This press release sounded more like a minor
league actress thanking everyone at a Grammy Award for her success. Then again,
I can’t emphasize enough how despicable the “lawyer” field really is. There is
no shame in it. The profession is a giant conflict of interest. Moreover, the
rules of lawyer ethics always being pulpitted is nothing more than consumable
fodder for the gullible. Ethics and lawyers? Laughable isn’t it? That’s like
Lucifer passing out copies of the decalogue. This whole twist to the
“mestizo-reported-as-a-white man” Zimmerman case has notched into a renewed
effort of politicalization for formenting a racial war. …’ ]
Heroin dealer uses welfare
EBT card to post bail [ Yes, he’s a nigger; with unreported cash drug income
that gives him welfare as well! ] ...
New Black Panther Party chief
of staff apologizes after radio outburst...
'The things
that's about to happen, to these honkeys, these crackers, these pigs'...
Black residents fearful after
shootings in Tulsa… [ Now they know how the ‘white folk’ feel, everywhere,
every day, and the black on white violent crime stats overwhelmingly prove the
reality and legitimacy of that concern! Civilized people everywhere are tired
of the typical nigger b***s***! ]...
RACE WARS: ZIMMERMAN BREAKS SILENCE...
Family challenges Holder on
New Black Panthers...
Hacked roadsign reads:
'Trayvon a n*****'...
CNN says 'f****** n*****' on
air...
Anchor: 'N*****' Should
Replace 'N-word' in News Reports...
Government Surveillance
Crackdown On Internet Goes Into Overdrive...
Congressman fears Obama power
grab in 'emergency'...
Fidel Castro mocks Obama over
'guayabera' diplomacy...
REPORT: 'Stunning lack of diversity' in Obama's re-election
campaign [ I’d say this is more embarrassing for the self-destructive whites
who are for obama; after all, who would be foolish enough to hire the typically
uncivilized, problematic, violence / crime prone, etc., blacks? ] ... { to be fair and balanced,
the RICO litigation involves those uncivilized who consider themselves ‘whites’
http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf
(predominantly but not exclusively jews / romans-italians / mobsters /
government slugs). }
$1 million pizza party in
Detroit -- on
sterling silver plates!
WHouse basketballs emblazoned
with Obama's image...
HOODIE ON THE HILL...
VIDEO: Dem Rep Kicked Off
House Floor... [ Typical
noisy nigger in the house of bad black reps. Female members, keep your purses
close when ‘bobby bobby r’ is near; the temptation might prove to be too much
for his inner rap nigger soul man. ]
Ex-Black Panther...
Another Says Trayvon 'Hunted
Down Like Dog' [Well, if the shoe fits …
but, actually, niggers are more like apes, monkeys that only evolved to a
point… and some dog-lovers might be offended by comparing niggers to dogs. ]...
Pentagon unaware of 'secret
deal' between Obama, Kremlin ... [ Wobama’s done! Those black
niggers have stunk-up the Whitehouse for too long! http://albertpeia.com/bobobamathetraitor.htm ]
Black Panthers offer $10,000
bounty for 'capture' of Trayvon Martin's killer … [ who do these filthy niggers
think they are? ] Take a look at this nigger who kills a white man during
robbery, without any provocation from the victim ... http://albertpeia.com/typicalblackmanonneighborhoodwatch.htm
Shooter of Florida teen not a
racist, lawyer says...
SECRET WITNESS:
Self-defense... [Witness:
Martin attacked ZimmermanUpdated: Monday, 26 Mar 2012, 2:57 PM EDT
ORLANDO - A witness we haven't heard from before paints a much different
picture than we've seen so far of what happened the night 17-year-old Trayvon
Martin was shot and killed.The night of that shooting, police say there was a
witness who saw it all.Our sister station, FOX 35 in Orlando, has spoken to
that witness.What Sanford Police investigators have in the folder, they put
together on the killing of Trayvon Martin few know about.The file now sits in
the hands of the state attorney. Now that file is just weeks away from being
opened to a grand jury.It shows more now about why police believed that night
that George Zimmerman shouldn't have gone to jail.Zimmerman called 911 and told
dispatchers he was following a teen. The dispatcher told Zimmerman not to.And
from that moment to the shooting, details are few.But one man's testimony could
be key for the police."The guy on the bottom who had a red sweater on was
yelling to me: 'help, help…and I told him to stop and I was calling 911,"
he said.Trayvon Martin was in a hoodie; Zimmerman was in red.The witness only
wanted to be identified as "John," and didn't not want to be shown on
camera.His statements to police were instrumental, because police backed up
Zimmerman's claims, saying those screams on the 911 call are those of Zimmerman."When
I got upstairs and looked down, the guy who was on top beating up the other
guy, was the one laying in the grass, and I believe he was dead at that
point," John said.Zimmerman says the shooting was self defense. According
to information released on the Sanford city website, Zimmerman said he was
going back to his SUV when he was attacked by the teen.Sanford police say
Zimmerman was bloody in his face and head, and the back of his shirt was wet
and had grass stains, indicating a struggle took place before the shooting.’ ] Trayvon Martin shooter: Teen went for my gun
Hoodie-Wearing niggers Kill
1, Wound 5 in Congressman's District... http://albertpeia.com/niggersinniggertown.htm [ 13 shot, 2 dead in Chicago in six hours Thursday night ]
'There were young men
scattered everywhere'... [ http://albertpeia.com/obamaslammedforsilenceonwhitestudentsmurderedbyblack.htm , http://albertpeia.com/typicalblackmanonneighborhoodwatch.htm
, http://albertpeia.com/blackonwhitecrime.htm , VIDEO: Black Student Becomes
Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm , http://www.albertpeia.com/whitesvictimizedbyblacks.htm
]
Buchanan: It's all about race now...
NAACP condemns
nigger apeman sharpton's call for escalation in civil disobedience...
Talkradio host calls for arrest
and removal from MSNBC...
Detroit Preacher: 'Isn't The
Mood In This Nation That White People Are Better Than Black? [ That’s not the
mood, that’s reality; the plain, raw, unvarnished truth! And, not just whites;
viz., Asians, Hispanics, real American Indians,
etc., and most feral beasts except dogs are better than blacks who are
at best their equals, though some dog owners/lovers may dispute that. Niggers
are a scourge on civilized society wherever they are. Just look around,
worldwide, wherever they are, in concentrations particularly; it’s the same
nigger story. That’s the way they are. That’s what they are. They are a blight
on any neighborhood. They are a blight on any society and an insurmountable
burden. They bring any society down. Some will argue, how ‘bout sports?, to
which one may reply, ie., just because you go to horse races, doesn’t mean you
want to live with horses, or, just because you have monkeys in zoos doesn’t
mean you want to live with them, etc., much less cede control and affect over
society to them. ] '
·
Trayvon Martin was suspended from school three times
in the months before he was shot dead by a neighborhood watchman, it emerged
today.
·
The facts, revealed in a leaked report, paint a different
picture of a teenager who frequently found himself in trouble with authorities.
·
It was also revealed that he might have attacked a
bus driver, according to a Twitter account that it is claimed belonged to the
teen.
The Miami Herald claims
that in October, he was caught with a 'burglary tool' - a flathead screwdriver
- and 12 pieces of women's jewellery. Martin insisted that they did not belong
to him.
POLICE: Black teenagers light
13-year-old on fire; 'You get what you deserve, white boy'...
Typical n*****s! Come on! People are tired of making making up excuses
for the blacks. It’s always the same story with them, no matter where. http://www.albertpeia.com/whitesvictimizedbyblacks.htm
http://www.albertpeia.com/whitesvictimizedbyblacks.htm Drudgereport:
'Mob' beatings at WI state fair... 'Hundreds of young black
people beating white people'... [ Typical n*****s! Good thing there are food stamps;
otherwise they’d be reverting to their inherent proclivity for canabalism (send
them back to africa … even give them a lump sum for an irrevocable repatriation
incentive … a huge cost-saving beyond the first year with substantial salutary
effects for the nation, the economy, and the remaining civilized non-blacks).
The other major crimes they do anyway. It’s their nature. You’ll never change
the nigger … they evolved only to ‘a point’ and no further. ] Fairgoers 'pulled out of cars'... 'They were just going after
white people'... Heightened security... [ I
refrained from using the ‘n word’ (or even blacks / negroes) in referring to
the culprits in the following two incidents (those tender sensibilities) but
I’m sure you’ve guessed that they were niggers and I include same here in light
of the foregoing incident (and yes, the victims were white), which is typical.
‘.. while walking through Military Park (a sliver of a “park” - more a
pedestrian thoroughfare/cement walks) in newark, new jersey on the way to the
bank during lunch hour, I heard the clearly audible screams/cries of what
turned out to be an old lady on the ground with blood streaming from her mouth.
I ran toward the sound of the cries, the source of which I could not see
because there were so many people in and about this thoroughfare so as to block
any vision of the source of the cries. When I came to the woman, on the ground,
blood streaming from her mouth, I asked what happened, to which she responded
she had been hit in the mouth and knocked to the ground, her purse stolen/put
inside her shopping bag, and she pointed out the criminal casually now walking
across the main street. Nobody stopped to help her, many having passed her by.
I slammed the thug to the ground so hard that, in light of all the blood and
confusion (limbic system / adrenalin flow) I thought I had been stabbed (the
blood was from his elbows hitting the pavement so hard - no one helped / a
crowd gathered / an undercover cop happened along). When I testified at the
Grand Jury Proceeding I made sure his threat on my life was set forth in prima
facie fashion so as to maximize the DA’s position with both felonies ( he went
to prison – pled out ). The other case I wrote about here ( This was included
on my website in the Psychology forum discussion of ‘bystander effect’ /
diffusion of responsibility. ) - Having had occasion to have run down a mugger
in newark, n.j. who apparently had followed a girl from the bank on her way to
the bursar to pay tuition, though in pretty good shape, I was astounded by how
totally exhausting such a pursuit was, how much like rubber my arms were when I
traded punches with the perpetrator, and truth be told, if I had a flashlight
on my belt, I have little doubt that I would have probably used it to subdue
the perp (a police officer here in California was the object of intense
criticism for having used a flashlight to subdue a criminal / nigger after a long chase so I included
that here) . The girl was not that seriously injured, did get her pocketbook
and tuition back, and the criminal / nigger went to jail (where they belong).
The other thing about such a pursuit that amazed me was that no one else
assisted the girl or me despite being in a position to do so. I was also mugged
by 4 niggers and 2 hispanics in an incident here in Los Angeles, CA. But, to be
fair and balanced, the RICO litigation involves those uncivilized who consider
themselves ‘whites’ http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf
(predominantly but not exclusively jews / romans-italians / mobsters /
government slugs). ]
Black Serial/Mass/Spree Killer List:
1. Matthew
Emanuel Macon (Murdered and Raped 5 White Women in Lansing)
2. Jimmie
Reed (Murdered his wife and his 2 month old daughter and set them on fire)
3. Shelly
Brooks (Murdered 7 prostitutes in Detroit Cass Corridor)
4. Justin Blackshere
(Stabbed two white cooks at Cheli’s Chili downtown Detroit)
5. Jervon
Miguel Coleman (Murdered three people.)
6. Donell
Ramon Johnson (Murdered a mother and a daughter)
7. Brian
Ranard Davis (6 women known murdered by nigger)
8. Paul Durousseau
(Seven women)
9. Mark Goudeau “The
Baseline Killer” (Eight women and a man in 2005-2006)
10. Coral Eugene Watts
(11 women in Texas & 1 in Michigan)
11. Anthony
McKnight (Five girls and young women)
12. Derrick Todd Lee
(8 Women)
13. Charles
Lendelle Carter (4 known murders; admits to ‘hunting’ Atlantans for 15
years!)
14. The Zebra Killings
(71 White people)
15. Chester Turner
(L.A.s most prolific killer 12 women killed.)
16. Lorenzo
J. Gilyard (Kansas City, MO.—13 victims)
17. Eugene
Victor Britt (Gary, IN.–3 known murder/rapes.)
18. Reginald and
Jonathan Carr (The Wichita Massacre–6 Whites murdered)
19. Ray Joseph
Dandridge and his uncle, Ricky Gevon Gray (Richmond, VA.–Murdered 7 people
in 7 days, including an entire White family.)
20. The
Tinley Park Murderer (Suspect hasn’t been found but has been described as
black – murdered 5 women in a store.)
21. Henry Louis
Wallace (Raped and strangled 5 women to death.)
22. Charles
Johnston (Murdered 3 unarmed white men in hospital)
23. Craig Price
(Brutally murdered 3 women)
24. Harrison
Graham (Brually Murdered 3 women)
25. Charles
Lee “Cookie” Thornton (Murdered 6 Whites at the Kirkwood, MO. city council.
)
26. & 27. Darnell
Hartsfeld & Romeo Pinkerton (Abducted and Murdered 5 from a restaurant)
28 &29. John Allen Muhammad & Lee Boyd Malvo (Sniped 11 people from a
car in DC, 9 died.)
30. George Russell (3 women, WA state)
31. Timothy W. Spencer (5 killed, Arlington, VA and Richmond, VA)
32. Elton M. Jackson (12 gay men killed, Norfolk, VA area)
33. Carlton Gary (3 killed in Columbus, GA)
34. Mohammed Adam Omar (16 women, Yemen. Omar is Sudanese.)
35. Kendall Francois (8 women, Poughkeepsie, NY and surrounding areas.)
36. Terry A. Blair (8 women, Kansas City area)
37. Wayne Williams (33 many of them children!, Atlanta, GA)
38. Vaughn Greenwood (11 killed in LA)
39. Andre Crawford (10 killed in Chicago – southside)
40. Calvin Jackson (9 killed possibley more in NY)
41. Gregory Klepper (killed 8, Chicago – southside)
42. Alton Coleman (Killed 8 in the Midwest)
43. Harrison Graham (killed 7+ in N. Philadelphia)
44. Cleophus Prince (6 killed in, San Diego
45. Robert Rozier (7 killed in, Miami)
46. Maurice Byrd (killed 20 + in St. Louis)
47. Maury Travis (17 and rising, St. Louis and possibly also Atlanta)
48. Hulon Mitchell, a.k.a. Yahweh Ben Yahweh (killed 20+ in Florida)
49. Lorenzo Fayne (killed 5 children in East St. Louis, IL)
50. Paul Durousseau, (killed 6, two of which were pregnant women, Jacksonville,
FL; Georgia.)
51. Eddie Lee Mosley (killed 25 to 30 women, south Florida)
52. Henry Lee Jones (killed 4 in, south Florida; Bartlett, TN)
53. Richard “Babyface” Jameswhite (15 killed in, New York; Georgia.)
54. Donald E. Younge, Jr. (killed 4), East St. Louis, IL; Salt Lake City, UT.
55. Ivan Hill
(killed 6 in Los Angeles area).
56. Michael Vernon (Bronx, NY. Killed at least seven people – )
57. Chester Dewayne Turner (12 women killed in, Los Angeles)
ARREST MADE IN LOS ANGELES GRIM SLEEPER SERIAL KILLER CASE July
07, 2010 http://articles.cnn.com/2010-07-07/justice/grim.sleeper.arrest_1_lonnie-david-franklin-serial-killer-case-family-members?_s=PM:CRIME |By
Mallory Simon, CNN ‘Authorities in California said Wednesday they have arrested
a suspect in the Grim Sleeper serial killer case and will charge him with 10
counts of murder.Lonnie David Franklin Jr., 57, faces an additional count of
attempted murder, Capt. Kevin McClure with the Los Angeles Police Department
said.Franklin will arraigned in court Thursday morning, McClure said.The
California Attorney General's office attributed the arrest to DNA collected
from a relative of the suspect, in a controversial and rarely used practice
known as familial DNA search.’
Of
Course There Are Black Serial Killers by Lynette Holloway
on July 15, 2010 The case of the
"Grim Sleeper" inspires a second look at the popular perception that
serial killing is the province of clever white men.
Serial
Murderers' Row July 16, 2010 The
following black men are among the most prolific serial killers in U.S. history.
http://www.theroot.com/multimedia/gallery-meet-6-black-serial-killers Plus:
Behind the myth that only white men commit such crimes.
Black Serial
Killers Not So Uncommon http://www.amren.com/news/news04/03/03/blackserial.html
200 Involved In Fights At
Mall Of America After Rumors That Rappers Are There...
People
have become weary of making up excuses for blacks (like obama, holder, etc.).
At some point, as now, people should not be timid about relating the cold,
unvarnished truth statistically / factually about blacks and, ie., black on white violent crime, etc..
From
Pat Buchanan: As for racism, its ugliest manifestation is in
interracial crime, and especially interracial crimes of violence. Is Barack
Obama aware that while white criminals choose black victims 3 percent of the
time, black criminals choose white victims 45 percent of the time? Is Barack
aware that black-on-white rapes are 100 times more common than the reverse,
that black-on-white robberies were 139 times as common in the first three years
of this decade as the reverse? We have all heard ad nauseam from the Rev. Al
about Tawana Brawley, the Duke rape case and Jena. And all turned out to be
hoaxes. But about the epidemic of black assaults on whites that are real, we
hear nothing.
The reality is that blacks are an insoluble problem
wherever they are. That’s not going to ever change; not make-shift/make-work
jobs; not programs; not anything tried or to be tried; hence, they must be
treated as exactly that – problems – before a solution can be derived and
fashioned. ] [ Send the niggers,
including niggerbama back to sub-saharan africa! ]
{
First and foremost clarification: There are no elite on this planet. The grim reality for this planet is a dominant
species descended from initially notochords, primitive chordates, and
relatively more recently primitive apes.
See generally, http://albertpeia.com/anthroindex1.htm , for a
brief but sorrowful history of man. }
http://albertpeia.com/planetalreadyruined.htm }
http://albertpeia.com/greekbankingsystemdying.htm
19
Things That All High School Students Should Be Told Before They Go To
Collegehttp://albertpeia.com/19thingshsstudentsshouldbetoldbeforecollege.htm
http://albertpeia.com/newworldordervedgesmockus.htm
{
First and foremost clarification: There are no elite on this planet. The grim reality for this planet is a dominant
species descended from initially notochords, primitive chordates, and
relatively more recently primitive apes.
See generally, http://albertpeia.com/anthroindex1.htm , for a
brief but sorrowful history of man. }
http://albertpeia.com/planetalreadyruined.htm }
5-17-12 'BORN IN
KENYA'
How did the
mainstream media miss this?
Obama
Literary Agent Says 1991 Booklet was 'Mistake'...
EUROPE
ROCKED BY SPANISH BANKING CRISIS...
New French
government takes 30% pay cut...
NO ESCAPE:
DEMS WANT TAX FOR LEAVING USA...
'Ex-PATRIOT
Act'...
UPDATE:
'Mystery object' that nearly caused mid-air collision believed to be drone...
STUDY: 96%
of restaurant entrees exceed USDA limits...
Feds fine
Utah school for accidentally selling soda at lunch...
Evidence
Backs Up George Zimmerman's Version of Shooting...
Witness Told
Cops: Trayvon Straddling And Punching 'MMA Style'...
New evidence in Trayvon Martin case raises
more questions
Trayvon Martin's autopsy shows he had marijuana in his system the night he was
killed by neighborhood watch volunteer George Zimmerman, and a gunshot to his
chest came from close range, according to nearly 200 pages of previously
undisclosed documents released Thursday.
ABC News Exclusive: Zimmerman Medical Report Shows Broken Nose,
Lacerations After Trayvon Martin Shooting {That little (6’3”) thieving
nigger was enraged by his being thwarted in his scope-out/plundering of
Zimmerman’s neighborhood. Clearly self-defense with wounds consistent with his
true story, Zimmerman was fighting for his life and ultimately saved the
citizens of Florida from the future costs of the burgeoning violent, thieving
typical nigger-criminal trayvon martin.}
Previous: Holder sues Florida city, says firefight test racist [
Yeah, of course, because dumb niggers can’t read, ‘rite, or do ‘rithmetic!
They’re always too busy donning their little hoodies and scopin’ out neighborhoods
for their pillaging, plundering, and terrorizing! ]...
Black mob beats white man unconscious on his front
porch...
'Now that's justice for Trayvon' (they
shout in crazed nigger fashion)...
DERSHOWITZ BLASTS PROSECUTION: 'NOT ONLY IMMORAL, BUT
STUPID'... [ Indeed! And, make no mistake, I never would have
thought I’d be agreeing with Alan Dershowitz on anything: http://albertpeia.com/trayvonnewtawana.htm
]
BANG, BANG ‘…His
surprising testimony came the same day that ABC News exclusively obtained a
photograph showing the bloodied back of Zimmerman's head, which was apparently
taken three minutes after he
shot and killed Martin. The photo could give credence to Zimmerman's claim
that Martin had bashed his head against the concrete as Zimmerman fought for
his life…’
COPS:
Suspect angry over Trayvon Martin death beats up white man...
Obama as a
Boy Ate Dog Meat [ And, you can bet there’s canabalism in his line; his father
being an african ape nigger and his mother a flaky whore; you know, that
typical type that schtooped niggers back in the day! ]...
Obama
campaign tries to diversify...
...looking
to hire more African-Americans [ More dead-weight, contentious,
unproductive make-shift, make-work, costly welfare job niggers … just what the
nation, strike that, wobama campaign needs.]
Farrakhan
Warns Whites: 'Unless You Change, Your End Has Come'… [ They call this a
self-destructive manifestation of the Oedipal Effect: Goodbye niggers, aka
unevolved apes/chimps/monkeys – Your end’s already here! Your jigs are up, and you boos are down! Everyone’s onto your nigger jive! Look in the
mirror! If only you could change / evolve faster! ] ...
HOLDER
PRAISES FELLOW APE SHARPTON, ONE INCOMPETENT NIGGER TO ANOTHER ...
'SECOND
DEGREE MURDER'...
'We do not
prosecute by public pressure or by petition'[B***S***!]...Tyson on Zimmerman: 'It's a disgrace that man hasn't been shot
yet' [ Spoken like the true ape, dumb nigger he is! If he had been an extra
in ‘Planet of the Apes’, they could have saved money on make-up / costumes. The
reality is, if that were the criterion and rule, given the overwhelming
prevalence of black violence, particularly black on white violence, there’d be
a lot of dead niggers. Niggers are a scourge wherever they are; a black plague,
if you will. The reality is that in this nation, having been overrun by
niggers, americans have become the new age dinosaurs. As for tyson, the ugly
little monkey that no one wanted, now full-grown angry ape, his IQ is well
below the average 100. Ape tyson is just a disgrace, period. He’s a typical
ignorant, violent ape/nigger. Life with ape tyson, also a convicted rapist, was
described by his then (soon to be former) wife, Robin Givens, in a live
televised interview with him present (you can only imagine the unsaid) as
‘hell’. He’s mentally deranged (too many head shots?), but he does profess
typical nigger sentiment. (Mike
Tyson vs. Robin Givens: … biggest fight | Ebony ... Eight months after Mike Tyson and Robin Givens were married on Feb. ...
beatings -- she filed for divorce)
Panthers
Call For Violent Revolution, Race War, Bloodshed Against ‘Honkies’ (Video) Some typical comments: Reply:
April 11th, 2012 at 9:51 pm 11 percent of population and they always have thier
hands out begging for more.No matter how much you give them its never
enough.Filthy animals is all they are. (Absolutely correct!)
Dandroid Reply:
April 11th, 2012 at 5:47 pm
Show trial to keep the peace? Cities will burn if hes found not guilty!
Startover Reply:
April 12th, 2012 at 12:04 am
Let the cities burn, send the Army in to finish them off
George Zimmerman is totally innocent
Trayvon is a punk ass killer (also a known thief and would be in futuro typical
nigger criminal)
There is only one victim in this case and that is Zimmerman
Eduard Reply:
April 11th, 2012 at 7:28 pm
Precisely!! That was my thought. This press release sounded more like a minor
league actress thanking everyone at a Grammy Award for her success. Then again,
I can’t emphasize enough how despicable the “lawyer” field really is. There is
no shame in it. The profession is a giant conflict of interest. Moreover, the
rules of lawyer ethics always being pulpitted is nothing more than consumable
fodder for the gullible. Ethics and lawyers? Laughable isn’t it? That’s like
Lucifer passing out copies of the decalogue. This whole twist to the
“mestizo-reported-as-a-white man” Zimmerman case has notched into a renewed
effort of politicalization for formenting a racial war. …’ ]
Heroin
dealer uses welfare EBT card to post bail [ Yes, he’s a nigger; with unreported
cash drug income that gives him welfare as well! ] ...
New Black
Panther Party chief of staff apologizes after radio outburst...
'The
things that's about to happen, to these honkeys, these crackers, these pigs'...
Black
residents fearful after shootings in Tulsa… [ Now they know how the ‘white
folk’ feel, everywhere, every day, and the black on white violent crime stats
overwhelmingly prove the reality and legitimacy of that concern! Civilized
people everywhere are tired of the typical nigger b***s***! ]...
RACE WARS: ZIMMERMAN
BREAKS SILENCE...
Family
challenges Holder on New Black Panthers...
Hacked
roadsign reads: 'Trayvon a n*****'...
CNN says
'f****** n*****' on air...
Anchor:
'N*****' Should Replace 'N-word' in News Reports...
Government
Surveillance Crackdown On Internet Goes Into Overdrive...
Congressman
fears Obama power grab in 'emergency'...
Fidel Castro
mocks Obama over 'guayabera' diplomacy...
REPORT:
'Stunning lack of diversity' in Obama's re-election campaign [ I’d say this is
more embarrassing for the self-destructive whites who are for obama; after all,
who would be foolish enough to hire the typically uncivilized, problematic,
violence / crime prone, etc., blacks? ]
... { to be fair and balanced, the RICO litigation involves those
uncivilized who consider themselves ‘whites’ http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf
(predominantly but not exclusively jews / romans-italians / mobsters /
government slugs). }
$1 million
pizza party in Detroit -- on sterling silver plates!
WHouse
basketballs emblazoned with Obama's image...
HOODIE ON
THE HILL...
VIDEO: Dem
Rep Kicked Off House Floor... [ Typical noisy nigger in the house of bad black reps. Female members,
keep your purses close when ‘bobby bobby r’ is near; the temptation might prove
to be too much for his inner rap nigger soul man. ]
Ex-Black Panther...
Another Says Trayvon 'Hunted
Down Like Dog' [Well, if the shoe fits …
but, actually, niggers are more like apes, monkeys that only evolved to a point…
and some dog-lovers might be offended by comparing niggers to dogs. ]...
Pentagon unaware of 'secret
deal' between Obama, Kremlin ... [ Wobama’s done! Those black
niggers have stunk-up the Whitehouse for too long! http://albertpeia.com/bobobamathetraitor.htm ]
Black
Panthers offer $10,000 bounty for 'capture' of Trayvon Martin's killer … [ who
do these filthy niggers think they are? ] Take a look at this nigger who kills
a white man during robbery, without any provocation from the victim ... http://albertpeia.com/typicalblackmanonneighborhoodwatch.htm
Shooter of
Florida teen not a racist, lawyer says...
SECRET
WITNESS: Self-defense... [Witness:
Martin attacked ZimmermanUpdated: Monday, 26 Mar 2012, 2:57 PM EDT
ORLANDO - A witness we haven't heard from before paints a much different
picture than we've seen so far of what happened the night 17-year-old Trayvon
Martin was shot and killed.The night of that shooting, police say there was a
witness who saw it all.Our sister station, FOX 35 in Orlando, has spoken to
that witness.What Sanford Police investigators have in the folder, they put
together on the killing of Trayvon Martin few know about.The file now sits in
the hands of the state attorney. Now that file is just weeks away from being
opened to a grand jury.It shows more now about why police believed that night
that George Zimmerman shouldn't have gone to jail.Zimmerman called 911 and told
dispatchers he was following a teen. The dispatcher told Zimmerman not to.And
from that moment to the shooting, details are few.But one man's testimony could
be key for the police."The guy on the bottom who had a red sweater on was
yelling to me: 'help, help…and I told him to stop and I was calling 911,"
he said.Trayvon Martin was in a hoodie; Zimmerman was in red.The witness only
wanted to be identified as "John," and didn't not want to be shown on
camera.His statements to police were instrumental, because police backed up
Zimmerman's claims, saying those screams on the 911 call are those of
Zimmerman."When I got upstairs and looked down, the guy who was on top
beating up the other guy, was the one laying in the grass, and I believe he was
dead at that point," John said.Zimmerman says the shooting was self
defense. According to information released on the Sanford city website,
Zimmerman said he was going back to his SUV when he was attacked by the
teen.Sanford police say Zimmerman was bloody in his face and head, and the back
of his shirt was wet and had grass stains, indicating a struggle took place
before the shooting.’ ] Trayvon Martin shooter: Teen went for my gun
Hoodie-Wearing
niggers Kill 1, Wound 5 in Congressman's District... http://albertpeia.com/niggersinniggertown.htm [ 13 shot, 2 dead in Chicago in six hours Thursday night ]
'There were
young men scattered everywhere'... [ http://albertpeia.com/obamaslammedforsilenceonwhitestudentsmurderedbyblack.htm , http://albertpeia.com/typicalblackmanonneighborhoodwatch.htm
, http://albertpeia.com/blackonwhitecrime.htm , VIDEO: Black
Student Becomes Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm , http://www.albertpeia.com/whitesvictimizedbyblacks.htm
]
Buchanan: It's all about race
now...
NAACP
condemns nigger apeman sharpton's call for escalation in civil disobedience...
Talkradio
host calls for arrest and removal from MSNBC...
Detroit
Preacher: 'Isn't The Mood In This Nation That White People Are Better Than
Black? [ That’s not the mood, that’s reality; the plain, raw, unvarnished
truth! And, not just whites; viz., Asians, Hispanics, real American
Indians, etc., and most feral beasts
except dogs are better than blacks who are at best their equals, though some
dog owners/lovers may dispute that. Niggers are a scourge on civilized society
wherever they are. Just look around, worldwide, wherever they are, in
concentrations particularly; it’s the same nigger story. That’s the way they
are. That’s what they are. They are a blight on any neighborhood. They are a blight
on any society and an insurmountable burden. They bring any society down. Some
will argue, how ‘bout sports?, to which one may reply, ie., just because you go
to horse races, doesn’t mean you want to live with horses, or, just because you
have monkeys in zoos doesn’t mean you want to live with them, etc., much less
cede control and affect over society to them.
] '
·
Trayvon Martin was suspended from school three times
in the months before he was shot dead by a neighborhood watchman, it emerged
today.
·
The facts, revealed in a leaked report, paint a
different picture of a teenager who frequently found himself in trouble with
authorities.
·
It was also revealed that he might have attacked a
bus driver, according to a Twitter account that it is claimed belonged to the
teen.
The Miami Herald claims
that in October, he was caught with a 'burglary tool' - a flathead screwdriver
- and 12 pieces of women's jewellery. Martin insisted that they did not belong
to him.
POLICE:
Black teenagers light 13-year-old on fire; 'You get what you deserve, white
boy'...
Typical n*****s! Come on! People are tired of making making up excuses
for the blacks. It’s always the same story with them, no matter where. http://www.albertpeia.com/whitesvictimizedbyblacks.htm
http://www.albertpeia.com/whitesvictimizedbyblacks.htm Drudgereport:
'Mob' beatings at WI state
fair... 'Hundreds of
young black people beating white people'... [ Typical n*****s! Good thing there are food stamps;
otherwise they’d be reverting to their inherent proclivity for canabalism (send
them back to africa … even give them a lump sum for an irrevocable repatriation
incentive … a huge cost-saving beyond the first year with substantial salutary effects
for the nation, the economy, and the remaining civilized non-blacks). The other
major crimes they do anyway. It’s their nature. You’ll never change the nigger
… they evolved only to ‘a point’ and no further. ] Fairgoers 'pulled out of
cars'... 'They were
just going after white people'... Heightened
security... [ I refrained from using the ‘n word’ (or
even blacks / negroes) in referring to the culprits in the following two
incidents (those tender sensibilities) but I’m sure you’ve guessed that they
were niggers and I include same here in light of the foregoing incident (and
yes, the victims were white), which is typical. ‘.. while walking through
Military Park (a sliver of a “park” - more a pedestrian thoroughfare/cement
walks) in newark, new jersey on the way to the bank during lunch hour, I heard
the clearly audible screams/cries of what turned out to be an old lady on the
ground with blood streaming from her mouth. I ran toward the sound of the
cries, the source of which I could not see because there were so many people in
and about this thoroughfare so as to block any vision of the source of the
cries. When I came to the woman, on the ground, blood streaming from her mouth,
I asked what happened, to which she responded she had been hit in the mouth and
knocked to the ground, her purse stolen/put inside her shopping bag, and she
pointed out the criminal casually now walking across the main street. Nobody
stopped to help her, many having passed her by. I slammed the thug to the
ground so hard that, in light of all the blood and confusion (limbic system /
adrenalin flow) I thought I had been stabbed (the blood was from his elbows
hitting the pavement so hard - no one helped / a crowd gathered / an undercover
cop happened along). When I testified at the Grand Jury Proceeding I made sure
his threat on my life was set forth in prima facie fashion so as to maximize
the DA’s position with both felonies ( he went to prison – pled out ). The
other case I wrote about here ( This was included on my website in the
Psychology forum discussion of ‘bystander effect’ / diffusion of
responsibility. ) - Having had occasion to have run down a mugger in newark,
n.j. who apparently had followed a girl from the bank on her way to the bursar
to pay tuition, though in pretty good shape, I was astounded by how totally
exhausting such a pursuit was, how much like rubber my arms were when I traded
punches with the perpetrator, and truth be told, if I had a flashlight on my
belt, I have little doubt that I would have probably used it to subdue the perp
(a police officer here in California was the object of intense criticism for
having used a flashlight to subdue a criminal
/ nigger after a long chase so I included that here) . The girl was not
that seriously injured, did get her pocketbook and tuition back, and the
criminal / nigger went to jail (where they belong). The other thing about such
a pursuit that amazed me was that no one else assisted the girl or me despite
being in a position to do so. I was also mugged by 4 niggers and 2 hispanics in
an incident here in Los Angeles, CA. But, to be fair and balanced, the RICO
litigation involves those uncivilized who consider themselves ‘whites’ http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf
(predominantly but not exclusively jews / romans-italians / mobsters /
government slugs). ]
Black Serial/Mass/Spree Killer List:
1. Matthew
Emanuel Macon (Murdered and Raped 5 White Women in Lansing)
2. Jimmie
Reed (Murdered his wife and his 2 month old daughter and set them on fire)
3. Shelly
Brooks (Murdered 7 prostitutes in Detroit Cass Corridor)
4. Justin Blackshere
(Stabbed two white cooks at Cheli’s Chili downtown Detroit)
5. Jervon
Miguel Coleman (Murdered three people.)
6. Donell
Ramon Johnson (Murdered a mother and a daughter)
7. Brian
Ranard Davis (6 women known murdered by nigger)
8. Paul Durousseau
(Seven women)
9. Mark Goudeau “The
Baseline Killer” (Eight women and a man in 2005-2006)
10. Coral Eugene Watts
(11 women in Texas & 1 in Michigan)
11. Anthony
McKnight (Five girls and young women)
12. Derrick Todd Lee
(8 Women)
13. Charles
Lendelle Carter (4 known murders; admits to ‘hunting’ Atlantans for 15
years!)
14. The Zebra Killings
(71 White people)
15. Chester Turner
(L.A.s most prolific killer 12 women killed.)
16. Lorenzo
J. Gilyard (Kansas City, MO.—13 victims)
17. Eugene
Victor Britt (Gary, IN.–3 known murder/rapes.)
18. Reginald and
Jonathan Carr (The Wichita Massacre–6 Whites murdered)
19. Ray Joseph
Dandridge and his uncle, Ricky Gevon Gray (Richmond, VA.–Murdered 7 people
in 7 days, including an entire White family.)
20. The
Tinley Park Murderer (Suspect hasn’t been found but has been described as
black – murdered 5 women in a store.)
21. Henry Louis
Wallace (Raped and strangled 5 women to death.)
22. Charles
Johnston (Murdered 3 unarmed white men in hospital)
23. Craig Price
(Brutally murdered 3 women)
24. Harrison
Graham (Brually Murdered 3 women)
25. Charles
Lee “Cookie” Thornton (Murdered 6 Whites at the Kirkwood, MO. city council.
)
26. & 27. Darnell
Hartsfeld & Romeo Pinkerton (Abducted and Murdered 5 from a restaurant)
28 &29. John Allen Muhammad & Lee Boyd Malvo (Sniped 11 people from a
car in DC, 9 died.)
30. George Russell (3 women, WA state)
31. Timothy W. Spencer (5 killed, Arlington, VA and Richmond, VA)
32. Elton M. Jackson (12 gay men killed, Norfolk, VA area)
33. Carlton Gary (3 killed in Columbus, GA)
34. Mohammed Adam Omar (16 women, Yemen. Omar is Sudanese.)
35. Kendall Francois (8 women, Poughkeepsie, NY and surrounding areas.)
36. Terry A. Blair (8 women, Kansas City area)
37. Wayne Williams (33 many of them children!, Atlanta, GA)
38. Vaughn Greenwood (11 killed in LA)
39. Andre Crawford (10 killed in Chicago – southside)
40. Calvin Jackson (9 killed possibley more in NY)
41. Gregory Klepper (killed 8, Chicago – southside)
42. Alton Coleman (Killed 8 in the Midwest)
43. Harrison Graham (killed 7+ in N. Philadelphia)
44. Cleophus Prince (6 killed in, San Diego
45. Robert Rozier (7 killed in, Miami)
46. Maurice Byrd (killed 20 + in St. Louis)
47. Maury Travis (17 and rising, St. Louis and possibly also Atlanta)
48. Hulon Mitchell, a.k.a. Yahweh Ben Yahweh (killed 20+ in Florida)
49. Lorenzo Fayne (killed 5 children in East St. Louis, IL)
50. Paul Durousseau, (killed 6, two of which were pregnant women, Jacksonville,
FL; Georgia.)
51. Eddie Lee Mosley (killed 25 to 30 women, south Florida)
52. Henry Lee Jones (killed 4 in, south Florida; Bartlett, TN)
53. Richard “Babyface” Jameswhite (15 killed in, New York; Georgia.)
54. Donald E. Younge, Jr. (killed 4), East St. Louis, IL; Salt Lake City, UT.
55. Ivan Hill
(killed 6 in Los Angeles area).
56. Michael Vernon (Bronx, NY. Killed at least seven people – )
57. Chester Dewayne Turner (12 women killed in, Los Angeles)
ARREST MADE IN LOS ANGELES GRIM SLEEPER SERIAL KILLER CASE July
07, 2010 http://articles.cnn.com/2010-07-07/justice/grim.sleeper.arrest_1_lonnie-david-franklin-serial-killer-case-family-members?_s=PM:CRIME |By
Mallory Simon, CNN ‘Authorities in California said Wednesday they have arrested
a suspect in the Grim Sleeper serial killer case and will charge him with 10
counts of murder.Lonnie David Franklin Jr., 57, faces an additional count of
attempted murder, Capt. Kevin McClure with the Los Angeles Police Department
said.Franklin will arraigned in court Thursday morning, McClure said.The
California Attorney General's office attributed the arrest to DNA collected
from a relative of the suspect, in a controversial and rarely used practice
known as familial DNA search.’
Of
Course There Are Black Serial Killers by Lynette Holloway
on July 15, 2010 The case of the
"Grim Sleeper" inspires a second look at the popular perception that
serial killing is the province of clever white men.
Serial
Murderers' Row July 16, 2010 The
following black men are among the most prolific serial killers in U.S. history.
http://www.theroot.com/multimedia/gallery-meet-6-black-serial-killers Plus:
Behind the myth that only white men commit such crimes.
Black Serial
Killers Not So Uncommon http://www.amren.com/news/news04/03/03/blackserial.html
200 Involved
In Fights At Mall Of America After Rumors That Rappers Are There...
People have become weary of making
up excuses for blacks (like obama, holder, etc.). At some point, as now, people
should not be timid about relating the cold, unvarnished truth statistically /
factually about blacks and, ie., black
on white violent crime, etc..
From Pat Buchanan: As for
racism, its ugliest manifestation is in interracial crime, and especially
interracial crimes of violence. Is Barack Obama aware that while white
criminals choose black victims 3 percent of the time, black criminals choose
white victims 45 percent of the time? Is Barack aware that black-on-white rapes
are 100 times more common than the reverse, that black-on-white robberies were
139 times as common in the first three years of this decade as the reverse? We
have all heard ad nauseam from the Rev. Al about Tawana Brawley, the Duke rape
case and Jena. And all turned out to be hoaxes. But about the epidemic of black
assaults on whites that are real, we hear nothing.
The
reality is that blacks are an insoluble problem wherever they are. That’s not
going to ever change; not make-shift/make-work jobs; not programs; not anything
tried or to be tried; hence, they must be treated as exactly that – problems –
before a solution can be derived and fashioned. ] [ Send
the niggers, including niggerbama back to sub-saharan africa! ]
Well, my hat is off to the global central planners
for averting the next stage of the unfolding financial crisis for as long as
they have. I guess there’s some solace in having had a nice break between the
events of 2008/09 and today, which afforded us all the opportunity to attend to
our various preparations and enjoy our lives.
Alas, all good things come to an end, and a crisis
rooted in ‘too much debt’ with a nice undercurrent of ‘persistently high and
rising energy costs’ was never going to be solved by providing cheap liquidity
to the largest and most reckless financial institutions. And it has not.
Developing
World’s Market Bubble Set to Bring Global Depression
Infowars | The
world market bubble is setting the stage for a global economic collapse.
Jamie
Dimon: Billions Lost in Derivatives Fraud is Merely ‘Standard Banking Practice’
LA Times | Head of
JP Morgan Chase unveils arrogance of a banking elite not concerned with the
real economy.
Death
By Foreclosure: Desperate Man Commits Suicide After Wells Fargo Steals His Home
Alternet | This is
the story of what happens when an average couple is up against a giant, wealthy,
powerful bank.
This is the story of what happens when an average couple is up against a
giant, wealthy, powerful bank.
Dave
Johnson
Alternet
May 16, 2012
Norman
and Oriane Rousseau were one more couple pushed by a huge, greedy bank to the
brink of homelessness. On Sunday, desperate and with nowhere to go, Norman
Rousseau shot himself.
This is the story of what happens when an average
couple is up against a giant, wealthy, powerful bank. Unfortunately the result
is what the result always is when people are on their own against the wealthy
and powerful: the bank ends up with all of their money, takes their house to
sell and throws them out onto the street. In this case the bank is Wells
The quick version of this terrible story is that
Norman and Oriane Rousseau of
Here’s the shocker: right at the start the Rousseaus
came up with proof that the bank had received the payment and had cashed the
check. But the bank continued to claim it had missed the payment, gave the
Rousseaus the runaround, started applying fees, and used it as an excuse to
foreclose on the house anyway.
{ First and foremost clarification: There
are no elite on this planet. The grim
reality for this planet is a dominant species descended from initially
notochords, primitive chordates, and relatively more recently primitive apes.
See generally, http://albertpeia.com/anthroindex1.htm , for a
brief but sorrowful history of man. }
http://albertpeia.com/planetalreadyruined.htm
BLIND CHINESE ACTIVIST: THE PERFECT NEW
AMERICAN CITIZEN – DOESN’T KNOW ANYTHING ABOUT
Chinese
Activist Makes Plea to U.S. Congress...
Obama under
fire... {While there’s plenty of deserved critism for wobama, on a
multitude of issues, and should indeed be voiced by a multitude of people;
smith of pervasively corrupt, mob infested/controlled jersey is not one to be
doing the criticizing. As with
US Using Staged “Blind Activist” Stunt For Leverage
Ahead of Talks Prisonplanet.com
Why Is It Necessary For The Federal Government To
Turn The United States Into A Prison Camp?
http://albertpeia.com/usprisoncamp.htm
{ I really must say that this is a tough one because
the vast majority of
americans are inherently criminal, with the highest crime rates in the world
among the so-called ‘civilized’ nations (you can’t count the niggers of
sub-saharan africa as civilized, and there’s no question but that the niggers have
disproportionately skewed the american crime rates, particularly violent
crimes, higher); including, from my direct observation and experience, that
within all three branches of the u.s. government. Indeed, the (should be
prison) inmates are running this asylum called
http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm http://albertpeia.com/americangovernmentdrugtrafficking.htm http://albertpeia.com/americascorruptiondrugtrade.htm ] }
Drudgereport (Plus): 5-16-12 Obama's
budget goes down in flames...
Unanimously
rejected by DemSenate...
Fails to get
single vote anywhere in Congress...
Even labor
unions oppose...
Warning
Signs For Obama -- in Wisconsin?
Wall Street
goes bearish on stocks
Insiders
Cashing Out...
White jogger
'randomly' gunned down in broad daylight...
COPS: May
have been gang initiation or dare...
Judge
Napolitano: First Patriot To Shoot Down A Government Spy Drone 'Will Be A
Hero'...
'VULTURE
FUNDS' CIRCLE AS GREECE FEARS GROW...
ABC News Exclusive: Zimmerman Medical Report Shows Broken Nose,
Lacerations After Trayvon Martin Shooting {That little (6’3”) thieving
nigger was enraged by his being thwarted in his scope-out/plundering of
Zimmerman’s neighborhood. Clearly self-defense with wounds consistent with his
true story, Zimmerman was fighting for his life and ultimately saved the
citizens of Florida from the future costs of the burgeoning violent, thieving
typical nigger-criminal trayvon martin.}
Previous: Holder sues Florida city, says firefight test racist [
Yeah, of course, because dumb niggers can’t read, ‘rite, or do ‘rithmetic!
They’re always too busy donning their little hoodies and scopin’ out
neighborhoods for their pillaging, plundering, and terrorizing! ]...
Black mob beats white man unconscious on his front
porch...
'Now that's justice for Trayvon' (they
shout in crazed nigger fashion)...
DERSHOWITZ BLASTS PROSECUTION: 'NOT ONLY IMMORAL, BUT
STUPID'... [ Indeed! And, make no mistake, I never would have
thought I’d be agreeing with Alan Dershowitz on anything: http://albertpeia.com/trayvonnewtawana.htm
]
Seth
Klarman On The Absurd Short-Termism Of The Exuberant Rally { Yeah, as pointed out here, fundamentals
should and still matter! } While most of the retail investor's time is
(hopefully not) spent watching CNBC propaganda spouted by wannabe traders
(mostly asset gatherers as opposed to real return seekers) who sell their
$29.95 books on how to be rich in 30 seconds trading the TVIX; some might
prefer to listen to the original thoughtful value investor - Seth Klarman. The
man whose book 'Margin of Safety' sells for over $1000 (and whose acumen
extends for decades) just released Baupost's (his fund) quarterly letter and
makes what should be a critical statement for any and every investor to
consider when next they hear of quantitative easing prognostications. In two
short sentences, Klarman states: "We
will not be tempted into making investments based on such absurdly short-term thinking,
which sadly still dominates Wall Street. We focus solely on
fundamentals. We are comfortable
missing out on potentially major rallies if they are based purely on money
flows or government action; the risks of engaging in this sort of speculative activity
are simply too high." And echoing our thoughts perfectly,
"The same low interest rate, deficit-spending driven, leverage-friendly
economic policies that fueled the unsustainable conditions that led to the 2008
collapse are with us still."
The
frauds on wall street et als should be criminally prosecuted, jailed, fined,
and disgorgement imposed! Train Reading: The Stock Market Is
(Criminally) Insane The Wall Street Journal , [ECRI Stays with
Recession Call New American | The
vicious cycle is starting where lower sales, lower production, lower employment
and lower income [leads] back to lower sales… http://albertpeia.com/ecricallsrecession.htm , 5-14-12 JPMorgan
Estimates Immediate Losses From Greek Exit Could Reach 400 Billion ZeroHedge.com Durden
, Are
They Insane? 58 Percent Of Americans Believe Economic Conditions In The United
States Will Be Good A Year From Now http://albertpeia.com/insanelyoptimistic.htm , If
You Live In California Things Just Got A Whole Lot Worse http://albertpeia.com/hopelesscluelesscalifornia.htm Failed Wobama model illustrated: 16
Reasons To Move Away From California http://albertpeia.com/16reasonstomoveawayfromcalifornia.htm
http://albertpeia.com/endofeurozone.htm
http://albertpeia.com/planetalreadyruined.htm
Drudgereport: 5-15-12 Obama worth
up to $10 million...
Has up to $1
million with JPMORGAN...
Stimulus
funded erectile dysfunction studies...
POLL: ROMNEY
LEADS WITH WOMEN...
WH called
out for skipping female reporter at press briefing...
BANK RUNS
HIT GREECE
Merkel and
Hollande join forces on Greece...
Europe
prepares for 'messy' exit...
Little
country threatens big impact...
Italy's
banks shaken; Slump deepens...
Zimmerman
Medical Report Shows Broken Nose, Lacerations After Trayvon Martin Shooting...
In
our 608th issue:
EFF's
International IP Director Gwen Hinze traveled to Dallas this week to demand
transparency in the Trans-Pacific Partnership (TPP) Agreement, a secret
international trade negotiation that includes provisions to regulate intellectual property and the Internet. She was joined
by hundreds of protesters rallying outside the Dallas hotel as well as
culture-jamming activist group The Yes Men, who presented U.S. Trade
Representative Ron Kirk with the fictitious "2012 Corporate Power Tool
Award." Over 18,000 Internet users have used the EFF action center to speak
out against the TPP; please help us get to 20,000 by contacting Congress today.
Documents
just released by US Immigration & Customs Enforcement (ICE) in response to
one of EFF’s Freedom of Information Act requests show that DHS is considering
collecting DNA from kids ages 14 and up -- and is exploring expanding its
regulations to allow collection from kids younger than that. The proposal
appears to be working its way through DHS in the wake of regulations that
require all federal agencies to collect DNA from individuals arrested for
federal crimes as well as "from non-United States persons who are detained
under the authority of the United States," whether or not they have been
involved in criminal activity.
After
a year-long seizure and six more months of secrecy, the court records were
finally released concerning the mysterious government takedown of Dajaz1.com
-- a popular blog dedicated to hip hop music and culture. The records confirm
that one of the key reasons the blog remained censored for so long is that the
government obtained three secret extensions of time by claiming that it was
waiting for "rights holders" and later, the Recording Industry
Association of America. In other words, having goaded the government into an
outrageous and very public seizure of the blog, the RIAA members refused to
follow up and answer the government’s questions.
NY Twitter Decision Fails to
Recognize Content and Location Data Require a Warrant
The
New York City District Attorney is facing new obstacles in its attempts to
subpoena information from Twitter regarding the account of Malcolm Harris, one
of the 700 people arrested on the Brooklyn Bridge in an October 2011 Occupy
Wall Street protest. Faced with a written order to comply with the subpoena,
Twitter filed a motion to quash the subpoena, arguing that complying would
violate the law.
EFF to Testify at Hearings on
Expanding DMCA Exemptions for Jailbreaking and Video Remixing
Experts
from EFF will testify at public hearings held by the U.S. Copyright Office this
month, urging officials to renew and expand the critical exemptions to the
Digital Millennium Copyright Act (DMCA) that the Copyright Office granted in
2009 in response to EFF's requests to protect the rights of American consumers
who modify electronic gadgets and make remix videos.
Oracle v. Google and the Dangerous
Implications of Treating APIs as Copyrightable
At
stake in the case of Oracle v. Google is whether APIs can be considered
copyrightable, which would have a profound negative impact on interoperability,
and, therefore, innovation. Allowing a party to assert control over APIs means
that a party can determine who can make compatible and interoperable software,
an idea that is anathema to those who create the software we rely on everyday.
Drones, Secret Surveillance, and
Classifying the Wizard of Oz
EFF
follows up on the FAA report showing the names of government agencies which
have received authorization to fly drones in the US. Meanwhile, the annual
Department of Justice report to Congress shows DOJ applications to conduct
electronic surveillance increased in 2011.
Our
movie industry has created some memorable monsters on screen. But Hollywood and
the major music labels also helped create a very real kind of monster:
copyright trolls who coerce settlements from Internet subscribers using
intimidation and our out-of-whack copyright laws.
DOJ Official: Any Privacy
Protection is Too Much Privacy Protection for Cell Phone Tracking
Jason
Weinstein, a deputy assistant attorney general in the Department of Justice's
criminal division, told a panel at the Congressional Internet Caucus Advisory
Committee's "State of the Mobile Net" conference that requiring a
search warrant to obtain location tracking information from cell phones would
"cripple" prosecutors and law enforcement officials. We couldn't
disagree more.
Special 301 Report 2012: The USTR's
Bogus List of Countries That "Don't Enforce" Copyrights
The
Office of the United States Trade Representative released its annual Special
301 report, a review of other countries’ intellectual property laws and
enforcement standards. What’s particularly obnoxious about these reports is
that countries are judged on whether they adopt very particular implementations
of international legal standards and interpretations of controversial parts of
U.S. law that only reflect the interests of intellectual property (IP)
rightsholder industries -- not everyday Internet users.
Party Ends Badly for U.S. Trade Reps, Federal Agents
Watch
video footage from The Yes Men's organized action against the TPP negotiations,
including dozens of "delegates" disrupting the gala event and a
whimsical mass toilet paper replacement.
Pay
What You Want for Indie Music -- and Benefit EFF!
The
Indie Allstars Bundle lets you pay what you want for music from up to 15 indie
bands while benefiting EFF.
UK Border Agency ID Card System Crashes
The
UK Border Agency turned hundreds of people away from a key office after the
major foreign national ID card computer system shut down.
ISSN
1062-9424
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JPMorgan
Estimates Immediate Losses From Greek Exit Could Reach 400 Billion ZeroHedge.com Durden
, Are
They Insane? 58 Percent Of Americans Believe Economic Conditions In The United
States Will Be Good A Year From Now http://albertpeia.com/insanelyoptimistic.htm , If
You Live In California Things Just Got A Whole Lot Worse http://albertpeia.com/hopelesscluelesscalifornia.htm Failed Wobama model illustrated: 16
Reasons To Move Away From California http://albertpeia.com/16reasonstomoveawayfromcalifornia.htm , Why
Is The Obama Administration Allowing The Chinese Government To Buy Up U.S. Oil
And Gas Deposits Worth Billions Of Dollars?
http://albertpeia.com/chinabuyingamerican.htm , Merkel
is Backed Into a Corner… Commit Political Suicide or Bail on the Euro? May 13, 2012 By gpc1981 http://albertpeia.com/merkelpolsuicideorbailoneuro.htm , State
Election Defeat Seen as Disaster for Merkel
(WSJblogs) , Greece Can
No Longer Delay Euro Zone Exit It’s Going to Get
Harder for Merkel (Der Spiegel)
, Newsweek cover: Obama ‘first gay president’ , Must Read:
"Another Perspective" ZeroHedge.com
Durden , "The
Weight Of The Nation": Documenting America's Obesity Epidemic: Part 1 -
Consequences , Biderman
And Bianco Bury Bernanke's Bond Bull Market Backbone , Guest
Post: JPM Chase Chairman, Jamie Dimon, The Whale Man, And Glass-Steagall , Moody's
Downgrades 26 Italian Banks: Full Report MOODY'S DOWNGRADES ITALIAN BANKS; OUTLOOKS REMAIN NEGATIVE
Dave’s Daily: http://www.etfdigest.com MARKETS CAN’T CLIMB ON ONE WHEEL 5-14-12
‘Angela Merkel’s party suffered a severe rebuke in local elections to
socialists and other left parties. This action demonstrates the tenacity with
which the public in the eurozone demands to cling to government benefits versus
austerity. It further complicates matters politically for the EMU and
previously agreed financial arrangements and commitments. On Saturday, the
troika agreed to give
As an
aside let’s review the reoccurring issues with mega-banks as just happened with
JPM. I’ve been writing about the demise of the Glass-Steagall Act (GSA) for a
long time. I featured it in my early 2007 book “Create Your Own ETF Hedge Fund”
and frequently on ETF Digest. The GSA was made law during the Great Depression.
Among other things it separated banks from brokers and federally insured bank
deposits (FDIC) to $100K. This had meant banks were restricted in how they
dealt with depositor funds which were widely insured by the public. In the late
second term of the
http://albertpeia.com/chinabuyingamerican.htm
http://albertpeia.com/hopelesscluelesscalifornia.htm
Failed
Wobama model illustrated: 16 Reasons To Move Away From
‘Why does the state of
Newsweek cover: Obama ‘first gay president’
Drudgereport: 5-14-12 EU ON THE
BRINK...
Euro Weakens
on Greek Exit Spec...
Big Debt Payment Due Tuesday...
Italian
banks DOWNGRADED...
CBSNYTIMES
POLL: ROMNEY PULLS AHEAD BY 3...
PAUL OUT...
ALERT: Euro
Officials Begin to Weigh Greek Exit...
Fear grows
of Greece leaving euro...
Will 'run
out of money soon'...
Moment of
truth...
Euro Parity With the Dollar?
If Greece
goes... who and what would be next?
Turmoil
boosts London property stampede...
IMF
concerned about Kuwait's finances?
3 to Exit
J.P. MORGAN After Shock Losses...
Dimon
Remains...
Obama:
JPMORGAN 'One Of The Best-Managed Banks' {by failed president wobama standards
which of course is no standard at all}...
Anti-capitalist
protesters storm campaign HQ building...
UPDATE:
230,000 unemployed lost benefits over weekend...
CA DOWN
$16B...
BROWN WARNS
OF BIG CUTS...
'Worst
recession since 1930s'...
Obama pushes
new billion-dollar stimulus plan...
NBC ADDS
SITCOM FROM OBAMA SPEECHWRITER...
http://albertpeia.com/collapseofderivativesmarket.htm
Lot of whistling down there on wall street as
‘WALL STREET DOES BROADWAY’ (not
Whenever the frauds on wall street feel afraid,
Their penises get erect (for screwin’ someone
other than their deserving selves),
They whistle a happy tune,
So no one will suspect,
They’re afraid.
While shivering in their shoes,
They strike a fearless pose,
And whistle a happy tune,
So no one will suppose,
They’re afraid.
Yeah, lots and lots of whistling on fraudulent
wall street. So uniquely fashioned to their task of obfuscation and fraud, even
Humphrey Bogart would have found Lauren Bacall’s instructive direction for same
as wanting in comparison (not everyone will get this…famous, but strictly
unreal cinematic show biz, not the live fraud biz of wall street fame). I
believe much of this soft shoe song and dance was for the ‘benefit’ of european
markets which are hopelessly in the throes of their own confrontation with
reality, which despite all the whistling is all going to get much worse than
feared, fearless poses notwithstanding (see infra).
It is here where wobama not doing what he said
he’d do last campaign littered with his jive-talking b***s***!
Roche 'The
worst part of it ...Obama, who vowed
change, has done almost nothing to fix any of it and in fact continues most of
the policies that helped get us here in the first place’ ‘INSIDE JOB’
Ferguson wins Oscar for Documentary on the unprosecuted massive extant fraud in
the (many) TRILLIONS by the frauds on wall street ( and declares with oscar in
hand that not one high level wall street exec has been prosecuted … despite
‘earning’ billions from the fraud ) Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall
Street accountable for the meltdown. THE
OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Facebook co-founder Saverin renounces citizenship , The
2 Billion Dollar Loss By JP Morgan Is Just A Preview Of The Coming Collapse Of
The Derivatives Market http://albertpeia.com/collapseofderivativesmarket.htm
The
2 Billion Dollar Loss By JP Morgan Is Just A Preview Of The Coming Collapse Of
The Derivatives Market http://albertpeia.com/collapseofderivativesmarket.htm , http://albertpeia.com/wallstreetdoesbroadway.htm
Roche 'The
worst part of it ...Obama, who vowed
change, has done almost nothing to fix any of it and in fact continues most of
the policies that helped get us here in the first place’ ‘INSIDE JOB’
Ferguson wins Oscar for Documentary on the unprosecuted massive extant fraud in
the (many) TRILLIONS by the frauds on wall street ( and declares with oscar in
hand that not one high level wall street exec has been prosecuted … despite
‘earning’ billions from the fraud ) Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall
Street accountable for the meltdown. THE
OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
The
frauds on wall street et als should be criminally prosecuted, jailed, fined,
and disgorgement imposed! Train Reading: The Stock Market Is
(Criminally) Insane The Wall Street Journal , [ECRI Stays with
Recession Call New American | The
vicious cycle is starting where lower sales, lower production, lower employment
and lower income [leads] back to lower sales… http://albertpeia.com/ecricallsrecession.htm , J.P.
Morgan has significant credit portfolio loss May 10th, 2012 by News
Breaking…………“Shares of J.P. Morgan Chase & Co. JPM -5.89% dropped after the
bank said in a regulatory filing late Thursday it had “significant”
mark-to-market losses in its synthetic credit portfolio. Shares fell 4.5% to
$38.87 in after-hours activity. In a Securities and Exchange Commission filing,
the bank said its synthetic credit portfolio had proved to be riskier and more volatile
than expected.”MarketWatch
MK comment: Sound familiar? Think Bear Stearns,
early 2008. , J.P. Morgan Reveals 'London Whale'-Size Losses , Surprising JPMorgan loss hits stock market late NEW
YORK (Reuters) - Stock index futures fell sharply on Thursday evening as
JPMorgan Chase & Co stunned investors with news that its chief investment
office had incurred "significant mark-to-market losses... , Marc Faber Sees A 1987-Like Crash Approaching www.zerohedge.com Durden, "Europe
Has Started The Endgame" And Biderman Says "The US Is Next" , Greece's
Jobless Soar By 42% As Unemployment Rises To Record, Industrial Collapse
Accelerates
Facebook co-founder Saverin renounces citizenship
http://albertpeia.com/collapseofderivativesmarket.htm
Drudgereport: B A C K L A
S H:
POLL
(Rasmussen): ROMNEY 50% OBAMA 43%...
Stocks Worst
Week of Year...
JP MORGAN
Dimon: 'We Screwed Up'...
$2 Billion
Loss...
Credibility
at stake...
Fed
'Investigates'... { Riiiiight! Nothing to worry about now, the fraud
inducing failed fed’s on the job! NOT! Worry! Really worry! Much worse to
come! http://albertpeia.com/fedponzifails.htm http://albertpeia.com/fraudulentfedhasfailed.htm
MSNBC Anchor Cuts off
Contributor's Mic over Romney Defense...
'You're
in my house, now'...
CLINTON: O'S
AN 'AMATEUR'...
BOOK: Bill
urged Hillary to quit Cabinet, run in primaries...
Obama's Own
Doctor Slams ObamaCare as 'Failure'?
BEACH BOYS
SINGER: 'Obama's a Socialist A**hole'...
FACEBOOK
CO-FOUNDER GIVES UP U.S. CITIZENSHIP BEFORE IPO...
Talkradio
host found shot to death inside home... { This is jersey! This could
be anything from a mob hit to random, pervasive violence, etc. }
Police Sent
To Collect Overdue Library Books From 4-Year-Old Girl...
Shopping
Mall Requires Teens To Be With Parents After 6 PM...
Chicago
Officials Ban Food, Drinks, Backpacks On City Trains...
NSA, GOOGLE
SPY TIES 'CAN REMAIN SECRET'
GOOGLE
starts mapping indoor locations!
Air Force
Document: Drones Can Be Used To Spy On Americans...
http://albertpeia.com/chinamerica.htm
Drudgereport: Obama: 'Sometimes I Forget' Magnitude of Recession…{
Oh! How conveniently forgetful, though the vast majority of americans don’t
have wobama’s luxury of feigned amnesia suffering from what wobama did and
didn’t do contrary to promises last time around the perpetual campaign trail
littered with his typical jive-talking b***s***! The following headline will
help him remember some of his sordid, pot-clouded high school past! }...
FLASHBACK: Obama's Sordid High School Past...
By Ben Shapiro ‘While the Washington
Post has been diligently digging into relatively innocent high
school pranks
by Mitt Romney, they’ve spent the last few years diligently ignoring President
Obama’s far more controversial high school days.Obama, by all accounts, was a
habitual drug user in high school. He tried cocaine, he admits in Dreams From My Father; he “tried drugs
enthusiastically.” The Chicago Tribune
reported back in 2007 that Obama thanked the “Choom Gang” in his high school
yearbook; “chooming” was Hawaiian slang for smoking pot. The Honolulu Advertiser reported that Obama’s
senior portrait “prominently displayed … A package of ‘Zig-Zag’ rolling papers
and a matchbook.” One of Obama’s close friends was arrested for drug possession
during high school.In his memoir, Obama talked about routinely getting high.
“Junkie. Pothead,” he wrote. “That’s where I’d been headed: the final, fatal
role of the young would-be black man.” But, according to Obama, he only got
high because he was contemplating deep matters: drugs could “push questions of
who I was out of my mind.” Obama told students in 2007 that this activity
constituted “goofing off” and “wasting time”:"I will confess to you that I
was kind of a goof off in high school as my mom reminded me," Obama said.
"I went to high school in
Cracks
in the Washington Post story on Romney’s ‘pranks’ emerge
Correction
Request: Washington Post Uses Falsehood in Romney Hit Piece
Media
Downplays Obama's Past, Tries to Define Romney with Teen Prank
If we're going to delve deep into a candidate's past, let's delve deep into a
candidate's past. Here's Obama in his own words admitting to physically shoving
a little girl named Coretta. Yes, it was at this moment that the first
shot in the War on Women was fired.http://albertpeia.com/obamashovesgirl.png
No doubt that after expending all that energy
bullying an innocent little girl, young Obama readied himself for round two by
eating a Golden Retriever. More on this breaking story here.If
you're wondering what the rules are regarding a candidate's past; how far back
we're allowed to go in an attempt to define them -- the answer is simple: the
corrupt media will let us know.
Washington
Post Disgraces Itself By Targeting Romney's 'Anti-Gay' High School Pranks Obama WILL NOT pursue gay marriage as part of party
platform...
STONE: 'Playing a
cruel and cynical game'...
Unites Republicans?New Black Panther Niggers Plan Newspaper Cover With
Zimmerman In Noose { and civilized people everywhere should respond with
niggers in nooses and contributions to the Klu Klux Klan! } ...
LOONEY CLOONEYLAND: BIG CAMPAIGN BOXOFFICE FOR NIGGERO
– Meanwhile, looney clooneyland ain’t doin’ so well with the niggero model –
see next headline! ...Failed
Wobama model illustrated: 16 Reasons To Move Away From
http://albertpeia.com/impeachobama.htm
3.6
Million Taxpayer Dollars Being Used To Support The Lavish Lifestyles Of Former
Presidents Such As Bush And Clinton http://albertpeia.com/nothingsucceedslikefailureinamerica.htm , Guest
Post: Obama Embraces Gay Marriage Durden ‘I’m in favour of consenting adults
being able to do whatever they like with each other, but the fact that the
current push for gay marriage is supported by Lloyd
Blankfein and Goldman Sachs makes me very suspicious (does he want to
sell securitised gay marriage debt?). It just seems like an easy issue for
Obama to posture on, while trampling the Constitution into the dirt. When it
comes to civil liberties, Obama has always talked a good game, and then acted
more authoritarian than Bush. He talked about an end to the abuses of the Bush
years and an open and transparent government, yet extended the
Fourth-Amendment-shredding Patriot Act, empowered the TSA
to produce naked body scans and engage in humiliatingly
sexual pat-downs, signed indefinite detention of American citizens into
law, claimed and exercised the power to assassinate American citizens without
trial, and aggressively prosecuted whistleblowers. Under his watch the
11
Quotes That Show How Worried The Financial World Is About Europe Right Now http://albertpeia.com/financialworriesabouteurope.htm ‘…The following are 11 quotes that show
how worried the financial world is about
24
Facts That Prove That America Is A Nation Of Slobs
http://albertpeia.com/24factsproveamericaanationofslobs.htm }
Extraordinary
popular delusions and the madness of machines http://albertpeia.com/madnessofmachines.htm
INFOWARS.COM
http://www.infowars.com On the
Wednesday, May 9 edition of the Alex Jones Show, Alex talks with Douglas J. Hagmann, founder and director of the Northeast Intelligence
Network. He is also the CEO of a private investigative agency serving a roster
of Fortune 500 clients. Due to his expertise in covert surveillance and
counter-terrorism, Mr. Hagmann has been used as an operational asset by the
http://albertpeia.com/24factsproveamericaanationofslobs.htm
Drudgereport: 5-09-12 Fed clears
China's first US bank takeover...
324,000
Women Dropped Out Of The Labor Force -- In Last 2 Months!
EVOLUTION:
OBAMA NOW BACKS GAY MARRIAGE… [ Well, with some frolicking documented coicaine/gay sex
romping in his past, he’d be hard pressed not to. Interestingly, Clit Eastwood
has come out in favor of gay marriage saying he doesn’t give a f**k… good for
you Clit; spoken like a true egalitarian. Truth be told, I always liked those
spagetti westerns that put him on the map; his own ‘Pale Rider’, particularly;
and of course, the ‘Dirty Harry’ series. Aside from that, I find him/his films
boring, shallow, and plebian beyond tears; hardly the philosopher king. Yet, I
also don’t give a f**k regarding gays living their lives as they wish, with
full constitutional protections consistent with their presumed law-abiding
lives, particularly in a world like this, such as it is. But, that doesn’t mean
the ‘state’ must get behind (no pun intended) same. There are few if any legal
statuses that can’t be achieved through legal document, ie., adoptions, trust
beneficiaries, etc.. Marriage, procreation, the province of a man/woman
relationship has always been a given. Also interesting was the take on same by
reknown Psychiatrist Maslow (his famed, laudable work regarding hierarchy of
needs, etc., needs no introduction) who wrote and posited that homosexuality
was physically, anatomically contraindicated. Again, let me reiterate a live, let
live position while cautioning against the state getting behind (again, no pun)
same and potentially giving young, pubescent, impressionable boys the idea that
penises were made for male a**holes and not female vaginas. ] ... OBAMA ADMITS
FABRICATING GIRLFRIEND IN MEMOIR { Latent gay man obama - ... Barack Obama: The
Naked Emperor Shocking but true revelations from David Icke| ..Obama is
just more of the same, a big smile with strings attached, and controlled
completely by those that chose him, trained him, sold him and provided his
record funding, kept his many skeletons under wraps, like the gay sex and crack
cocaine .. Larry Sinclair (from affidavit: 1. Who is Ron Allen that claims to
be with your Presidential camp, who is alleged to claim that someone claiming
to represent me called asking for $100,000, to keep me from coming forward
about our (Obama and I) November 1999 encounter of sex and cocaine use?), ...
Obama is just another Banksters' moll prostituting himself .., and that's why
he supported the grotesque bail-out of the banking system and why he will always
put their interests before the people. ] http://albertpeia.com/obamadeceptionhighqualityversion.flv }
OBAMA NOW BACKS GAY MARRIAGE
Raises $1
Million in 90 Minutes...
GAWKER:
Bulls**t Announcement...
LAWYER: MORE
Travolta accusers coming forward...
5-08-12 GALLUP:
ROMNEY RETAKES LEAD...
UPDATE:
Empty seats haunt Obama...
Dave’s Daily: http://www.etfdigest.com
http://albertpeia.com/countdowntoeurobreakup.htm
http://albertpeia.com/governmentchippinaway.htm
‘Where have all the tax dollars gone, long
time passing’? http://albertpeia.com/wherehaveallthetaxdollarsgone.htm
Eloise Lee and Robert Johnson | Mar. 13, 2012
‘President
Eisenhower warned of the rise of the military industrial complex in his 1961
farewell address…’
Five
Reasons For Caution In US Equities ZeroHedge.com http://albertpeia.com/5reasonsforcautioninusequities.htm
While there may be a plethora of geopolitical reasons
to be 'cautious' of getting over your skis in US equities, there are a number
of more quantifiable reasons for not buying-the-f##king-dip here. Between the
sustainability of US earnings and the sell-in-May mantra, we highlight five
foods-for-thought before you push all-in this morning. , Guest
Post: Global Reality - Surplus Of Labor, Scarcity Of Paid Work , Will
Equity Investors Never Learn? Presented with little comment except to note
that just when you thought a sense of reality had returned (and Treasuries and
stocks re-coupled), equities feel the need to hype once again - fool you once
shame on you, fool you the 50th time and we give up. , US
Equities Ignoring US Sovereign Risk Warning , Is
Obama Negotiating A Treaty That Would Essentially Ban All "Buy
American" Laws? http://albertpeia.com/wobombanation.htm , Debt Serfdom in One Chart http://albertpeia.com/debtserfdom.htm , Soylent
Pepsi is People http://albertpeia.com/soyentpepsi.htm
Infowars.com | Ground
up dead baby fetuses… just business as usual. {
Well, let’s not kid ourselves; there’s likely canabalism in wobama’s
line! How totally disgusting. I’ll never drink pepsi ever again! }. , Do
What Buffett Says, Not What He Does , Greek
Bonds Monkeyhammered As Hedge Funds Slash Hands Catching Falling Knives , Guest
Post: The Treasury Bubble in One Graph , And
Back To Euro-Math: Up To €210 Billion Funding Shortfall For Spanish, Italian
Banks In 2012 , Overnight
Sentiment: Clutching At Straws
Will
Equity Investors Never Learn? Presented with little comment except to note
that just when you thought a sense of reality had returned (and Treasuries and
stocks re-coupled), equities feel the need to hype once again - fool you once
shame on you, fool you the 50th time and we give up.
Five
Reasons For Caution In US Equities ZeroHedge.com http://albertpeia.com/5reasonsforcautioninusequities.htm
Five
Reasons For Caution In US Equities ZeroHedge.com http://albertpeia.com/5reasonsforcautioninusequities.htm
, Is
Obama Negotiating A Treaty That Would Essentially Ban All "Buy
American" Laws? http://albertpeia.com/wobombanation.htm , Debt Serfdom in One Chart http://albertpeia.com/debtserfdom.htm , Soylent
Pepsi is People http://albertpeia.com/soyentpepsi.htm
Infowars.com | Ground
up dead baby fetuses… just business as usual. {
Well, let’s not kid ourselves; there’s likely canabalism in wobama’s
line! How totally disgusting. I’ll never drink pepsi ever again! } , Two
Charts Exposing America's Record Shadow Welfare State ZeroHedge.com, And
Back To Euro-Math: Up To €210 Billion Funding Shortfall For Spanish, Italian
Banks In 2012 , Overnight
Sentiment: Clutching At Straws
http://albertpeia.com/wobombanation.htm
http://endoftheamericandream.com
http://albertpeia.com/notgoingtohappen.htm
{ First, let me say at the outset, that if Ron Paul’s
grandmother had had wheels, she’d have been a trolley car. Not going to happen!
Second, I include this article on my website as a matter of first amendment
principle, encouraged by the authors of their website so to do. Third, and most
important, it doesn’t matter what Ron Paul does at this point. He’s totally
irrelevant as he’s proven over and over again to be at the end of an atypically
grueling primary campaign. Quite simply, with plenty of opportunity to do so,
Ron Paul never resonated with the primary voters of his own party, which party
he himself chose. In a general election, Ron Paul would be lucky to get (probably
the low end of the range of) 15%-25% of the vote. Remember: we’re not talking
about a high school debate here, but rather an american general election with
all its faults. There isn’t one vote that potentially goes to the failed
president obama that couldn’t/wouldn’t as likely go, and upon reflection with
rationality the criteria would go to Mitt Romney. Obviously, that’s clearly not
the case for Paul. Wobama‘s a jive-talking loser who failed to do what he said
he’d do last time around which we now know if he had done this nation and the
world would be in a better position this day. Mitt Romney really wants to be
President, which of course is not the decisive test. He’s smart enough, and
flexible enough (which set up the primary battles to follow) to be President of
all the nation. He wanted it, fought for it, and has earned it. At the age of
77, one could only at best say of Ron Paul that he should have started sooner.
At worst, given that Paul’s chosen defacto to favor the side of collectively
the losers for the proven loser, the mentally troubled b***s*** artist obama;
which then makes him no more than a loser himself, and an embittered, senile
old man at that. I side with the former missionary, President Mitt Romney and
First Lady Ann who I congratulate for their victory in what I further believe
will be a blowout victory in November. }
"Shattering
The American Dream": The US Government’s Ponzi Scheme Tyler Durden
5-4-12 While Larry Kotlikoff was markedly pessimistic in the past (as we
noted here just over a year ago), it seems it was a dress-rehearsal to his
latest evisceration of what he now calls the US Government's Ponzi Scheme. In a
recent VoxEU article
on
The
Two Scariest Charts From Today's NFP Report, Or The Real "New Part-Time
Normal" , Real U-3
Unemployment Rate: 11.6% Propaganda unemployment rate: 8.1%; Real
unemployment rate: 11.6%. Reason
for difference: organic growth of labor force which
grows alongside the broader population. Don't be confused by cheap explanations
on TV why the labor force should be declining (especially with ZIRP meaning
pre-retirement workers have to stay in the labor force ever longer to supplant
their meager fixed income): the widely accepted definition of the labor pool,
that used by the CBO and all other government forecasting agencies, assumes
a 90,000 growth in the labor force every month as it has to keep in line with
the growth of the US population! The implication is simple: using a
real labor force participation rate long-term average of 65.8%, the real
unemployment rate in April was 11.6%, based on the 5.4 million additional
workers that should be counted as part of the U-3 which then means that the real
number of unemployed is not 12.5 million but 17.9 million, which in turn
implies a 11.6% unemployment rate in the US. This also means that the spread
between the propaganda, and the real number is now 3.5%: the most
it has been since the early 1980s.
RT | A new
Department of Defense document has been leaked to the Web that details
“Internment and Resettlement Operations.” Some
pictures for the past quarter http://albertpeia.com/42712pics.gif
Paul Joseph Watson | Weather
Underground terrorist planned to incarcerate 25 million
Paul Joseph Watson | The time
for denial is over.
Crooks
and Criminals in High Places with Gerald Celente
Prisonplanet.com | Alex
talks with trend forecaster Gerald Celente.
RT | A new
Department of Defense document has been leaked to the Web that details
“Internment and Resettlement Operations.”
Paul Joseph Watson |
Political activists would be pacified to sympathize with the government.
Drudgereport: 5-04-12 UN: USA
should return stolen land to Indian tribes...
Anemic jobs
data hit Obama launch; Official campaign starts under shadow...
Labor Force
Participation Lowest Since 1981...
Disability
applications soar...
Gloom builds
for euro zone, United States..
Oil Prices in Free Fall as Worries
Spur Selling...
Paul Ryan:
Obama's 'Julia' website 'creepy' and 'demeaning'… {Ryan forgot to say
‘pathetic’!}...
http://albertpeia.com/ericholderincontemptofcongress.htm
While
normally we stay away from outright political commentary especially of the kind
that has no direct relation to finance or the economy, the fact is that if the
US had a functioning, uncompromised, uncorrupt, and effective Justice
Department, much of what we see every day on Wall Street would be vastly
different since if crime did indeed
have punishment, then a vast portion of the questionable behavior that is
exhibited by financiers would have been eliminated long ago.
Which is why we find the news just released from The Hill that "Rep.
Darrell Issa (R-Calif.) has circulated a draft copy of a resolution that would
hold Attorney General Eric Holder in contempt of Congress" particularly
relevant. For it is none other than Holder's complete lack of involvement and
intervention to outright daily crimes conducted in the financial world that is
as much a reason for the deplorable economic state of this country and the
world, as are all those other factor extensively discussed in books and
documentaries each and every day.
While
much has been written on the revisions, adjustments, and just-plain-guesses
that make up the BLS' non-farm-payroll data, the frustration levels are
building in the Bay Area as Charles Biderman provides the most in-depth
discussion of why we need a better press corps. The simple truth, as Charles
notes, is that even the BLS doesn't
believe its own hype (in its footnotes) and while mainstream
media and talking heads will quote the unemployment rate or NFP change as if it
was transcribed by the hand of God, it is in fact an extremely ill-formed, very narrow survey with such
huge statistical noise as to be entirely useless. However,
while every human should watch this
brief clip before buying that 100-lot ES milliseconds after the release
tomorrow, we suspect, as usual, it will be algos-gone-wild no
matter how many sigma we beat or miss.
http://albertpeia.com/100millionworkingageamericansdonthavejobs.htm
May 4, 2012 By gpc1981 http://albertpeia.com/sharpcorrectioncoming.htm
May 3, 2012 By gpc1981 http://albertpeia.com/merkelsinhotwaternomorebailouts.htm
What
can the Federal Reserve do? With the
.. Bernanke’s
results .. since Ben took the reins:
Feb ’06 –
April ’11
Items in a Typical Budget |
% Change |
Food and Beverages |
16.54% |
Water and sewer and trash collection services |
31.88% |
Rent of primary residence |
13.82% |
Housing |
8.68% |
Fuels and Utilities |
11.93% |
Apparel |
4.83% |
Medical Care |
20.11% |
Gasoline (all types) |
65.12% |
Transportation |
23.36% |
Tuition, other school fees, and childcare |
29.28% |
Recreation |
2.87% |
..
The standard unemployment rate most often used by the Fed is currently at 9.1%,
up 90% since Bernanke started. The more inclusive (realistic) U6 number
stands at 15.8%, up 75% in the same period. The Civilian Participation
Rate has declined 2.87% to 64.2%.
This is the
lowest level the
In conclusion,
it is evident that Ben Bernanke is failing his mandates. We believe it
must come down to one of the following reasons:
1.
Bernanke does not know how to achieve his mandates;
2.
The policy tools employed don’t work;
3.
He does not have the ability to implement policies that would work;
4.
He is not trying to achieve his mandates;
5.
He has goals other than his legal mandates;
6.
He does not look at the data, and believes he is succeeding.
Matt Marcewicz
& Robert Barone, Ph.D.
.. ‘
Drudgereport: UPDATE: Arrest made in black-mob attack on whites...
Romney team sees path to winning presidency…{Indeed!
Congratulations President Romney and First Lady Ann!} ...
Americans flee banks for home safes {Sounds
like a plan!}...
Young Italians flock to become shepherds...
Spain's poorest region suffers 32% unemployment...
Student's ordeal in DEA jail sparks outrage...
Chinese Activist Makes Plea to U.S. Congress...
Obama under fire... {While there’s plenty
of deserved criticism for wobama, on a multitude of issues, and should indeed
be voiced by a multitude of people; smith of pervasively corrupt, mob
infested/controlled jersey is not one to be doing the criticizing. As with
BLIND CHINESE ACTIVIST: THE PERFECT NEW
AMERICAN CITIZEN – DOESN’T KNOW ANYTHING ABOUT
Why Is It Necessary For The Federal Government To
Turn The United States Into A Prison Camp?
http://albertpeia.com/usprisoncamp.htm
{ I really must say that this is a tough one because
the vast majority of
americans are inherently criminal, with the highest crime rates in the world
among the so-called ‘civilized’ nations (you can’t count the niggers of
sub-saharan africa as civilized, and there’s no question but that the niggers
have disproportionately skewed the american crime rates, particularly violent
crimes, higher); including, from my direct observation and experience, that
within all three branches of the u.s. government. Indeed, the (should be
prison) inmates are running this asylum called
http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm http://albertpeia/americangovernmentdrugtrafficking.htm http://albertpeia/americascorruptiondrugtrade.htm ] }
New
Obama Executive Order Pushes Us Closer To A North American Union And A One
World Economic Systemhttp://albertpeia.com/wobamaexecorderforoneworldgovernment.htm
{ The truly astounding thing here is that
without exception, these respective nations, from largest to smallest, can’t
even manage themselves, their own nations properly, efficiently; and then
there’s the inevitable corruption, ‘bigger and better?’. Come on! More
obfuscation! In a world such as this, human nature being what it is, ‘bigger is
definitely not better’! They’re pushing on a string! Time for accountability!
Time to pay the piper! Additionally, people must come to grips with the reality
that wobama hasn’t the slightest idea what he’s doing; hence, the over-vacationed
teleprompter reader whose ‘handlers’ have literally taken over policy, with
some ‘slick’ maneuvering to try and repackage him; ultimately to no avail
inasmuch as his disastrous results at home and abroad speak volumes. If only he
had done what he said he was going to do last campaign, this nation and the
world would have been in a better position today! } , Military
Winning War Over Pensions Bruce
Krasting 05/02/2012 Why is the Military
Retirement Fund exploding higher? http://albertpeia.com/militarypensiondebacle.htm
, This
Is the First Time In History that All Central Banks Have Printed Money at the
Same Time … And They’re Failing Miserably Washington’s Blog | Simultaneous Global
Printing Is Failing Miserably. Why
New York Times Economist Paul Krugman Is Partly Right But Mostly Wrong http://albertpeia.com/nyteconomistkrugmanwrong.htm , NBER's
Martin Feldstein Bashes The Deplorable US Economy, Says Bernanke Has Engineered
Another Stock Bubble Tyler Durden 5-2-12 , Hugh
Hendry On Europe "You Can't Make Up How Bad It Is" , Biderman
Makes Friends: "Bankers Are As Dumb As Politicians" , Guest
Post: 3 Likely Triggers Of The Next Recession Durden [ We’re already in a (continued) recession,
stupid; actually, depression. { Financial
Crisis Phase II Is Ahead at Forbes Bert
Dohmen ‘ In late
2007, I wrote the book Prelude To Meltdown, predicting
the global crisis that occurred the following year. I now see a similar
confluence of events .. “the new recession has started.”… Over the past 33
years, we have called the start of every recession..Currently, the GDP deflator
is 1.8%, which hardly reflects the true rise in prices. Therefore, what is
counted as “growth,” is actually price increases. Actual inflation..is now more
than 11%. Using that to adjust GDP for inflation, would show that the economy
is now in a very sharp contraction…’ } ] , Zuckerman
To CNBC: "The Recession Never Ended" Everyone's favorite
perma-bullish stand-in for Cramer, Fast Money's Scott Wapner, seemed lost for words
when Boston Properties CEO Mort Zuckerman laid down some basic truthiness on
the state of the US economy "We
have the most stimulative fiscal and monetary policy in the history of this
country and here we are three years into the recession and it's not ended. I think we may be heading for an
even weaker economy this year than people expect." The
righteous REIT ruler went on to note that it is not just the US but Europe
(ridiculously high unemployment rates) where he analogizes (rather
picturesquely) that it reminds him of "the man who jumps off a 25-story
building and as he's hurtling by the sixth floor he says 'don't worry, nothing
has happened yet'." Wapner is silenced and changes the topic as we suspect
he is stunned at the honest sentiment given the nominal three-year-highs in
REIT indices. Truth is indeed stranger than fiat-fiction
Military
Winning War Over Pensions Bruce
Krasting 05/02/2012 Why is the Military
Retirement Fund exploding higher? http://albertpeia.com/militarypensiondebacle.htm { Bubbles, bubbles everywhere; and, though
aware, they show not even a care. This is all steeped in political desperation
which will manifest in collapse as the respective bubbles burst as they always
do, particularly on fraudulent wall street. Will you be holding their bag? }
Durden on 05/02/12
That the market is merely yet another transitory
sugar high bubble creation of the Chairsatan and his central planning
colleagues in various marble buildings around the world is no surprising to
anyone, at least not anyone who maintains a pretense of objectivity, is not
desperate to sell a weekly newsletter, and has a frontal lobe. What however is
not only surprising, but outright shocking, is that such embedded members of
the aristocratic status quo elite as Martin Feldstein - a professor of
economics at that bastion of Keynesianism Harvard as well as president emeritus
of the NBER - the folks who tell us when recessions start and end, are starting
to get it. To wit: "The economy is
slow and weak. We are not doing very well. The economy is just
coming along at a snail's pace. The first quarter numbers that we just got last
week were not very good at all" and warns "if we are going to see that jump in taxes, that is
going to push the economy next year into a serious recession"
but the punchline: "The stock
market is, I think, responding to the Fed. I think the real danger is that this
is a bubble in the stock market created by low long-term interest rates that
the Fed has engineered....The danger is, like all bubbles, they burst at some
point" Well, uh... if it is now common knowledge that
everything is manipulated, and that the economy is collapsing, and would be
outright imploding if it weren't for the Fed's goosing of the stock market,
does that mean it is time for Zero Hedge to hang up our hat?
Why
New York Times Economist Paul Krugman Is Partly Right But Mostly Wrong http://albertpeia.com/nyteconomistkrugmanwrong.htm { Keep in mind: America’s
debt woe is worse than Greece’s News
(CNN) — ‘Our government is utterly broke. There are signs everywhere one
looks…The government’s total indebtedness is $211 trillion’, Then there’s this We
Are in Age of ‘Late Great Depression’: Shiller CNBC.com
| The world is in a state of “late Great Depression,” well-known economist
and author Robert Shiller told CNBC Monday. [ Indeed we are! And, one for which
there’s no historical comparison in terms of magnitude; nor will there be a
retracement / coming back from this one owing to huge frauds, excessive fiat
paper money printing, an enormous fraudulent bubble, and a time constraint that
precludes same, along with insurmountable debt. ] }
Durden [ We’re already in a (continued) recession,
stupid; actually, depression. { Financial
Crisis Phase II Is Ahead at Forbes Bert
Dohmen ‘ In late
2007, I wrote the book Prelude To Meltdown, predicting
the global crisis that occurred the following year. I now see a similar
confluence of events .. “the new recession has started.”… Over the past 33
years, we have called the start of every recession..Currently, the GDP deflator
is 1.8%, which hardly reflects the true rise in prices. Therefore, what is
counted as “growth,” is actually price increases. Actual inflation..is now more
than 11%. Using that to adjust GDP for inflation, would show that the economy
is now in a very sharp contraction…’ } ]
BLIND CHINESE ACTIVIST: THE PERFECT NEW
AMERICAN CITIZEN – DOESN’T KNOW ANYTHING ABOUT
April 30th, 2012
April 29th, 2012
April 28th, 2012
http://theeconomiccollapseblog.com
http://albertpeia.com/usprisoncamp.htm
{ I really must say that this is a tough one because
the vast majority of
americans are inherently criminal, with the highest crime rates in the world
among the so-called ‘civilized’ nations (you can’t count the niggers of
sub-saharan africa as civilized, and there’s no question but that the niggers
have disproportionately skewed the american crime rates, particularly violent
crimes, higher); including, from my direct observation and experience, that
within all three branches of the u.s. government. Indeed, the (should be
prison) inmates are running this asylum called
http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm http://albertpeia/americangovernmentdrugtrafficking.htm http://albertpeia/americascorruptiondrugtrade.htm ] }
Obama
Should ‘Remove Eric Holder’ and ‘Just Come Clean’ on Fast and Furious, Says
Rep. Steve King
CNSNews.com | “If I
were the president of the United States, I would find a way for Eric Holder to
step down, and it would be characterized as a firing,”
Trail
of Death: Breitbart Coroner Turns Up Dead, Arsenic Poisoning Suspected
Patrick Henningsen | Another
dead body turns up in LA, this time it’s a veteran coroner technican connected
to the Andrew Breitbart case.
http://albertpeia.com/95percentofjobslostmiddleclass.htm
http://albertpeia.com/21unansweredquestions.htm
BIN LADEN WAS ALREADY DEAD http://albertpeia.com/binladenwasalreadydead.htm
Bin Laden: Everyone Is Missing the Big Picture
: George Washington : 04/30/2012
We
Are in Age of ‘Late Great Depression’: Shiller CNBC.com
| The world is in a state of “late Great Depression,” well-known
economist and author Robert Shiller told CNBC Monday. [ Indeed we are! And, one
for which there’s no historical comparison in terms of magnitude; nor will
there be a retracement / coming back from this one owing to huge frauds,
excessive fiat paper money printing, an enormous fraudulent bubble, and a time
constraint that precludes same, along with insurmountable debt. ]
In one of the most complete documentaries undertaken
on the financial crisis, PBS
Frontline's "Money, Power, & Wall Street" series stretches
from the origins of the credit derivative business with a bikini-clad
pool-side Blythe Masters and her JPMorgan colleagues to the scary (but
absolutely true) fact that the
financial crisis never ended. The four-part series (of which we
present the first two below) continues tonight at 730ET and the entire set of
20 in-depth interviews with the various players (from Sheila Bair to Rodgin
Cohen with a smattering of Jared Bernstein and Dick Fisher in between)
can be found here.
A must-watch series from beginning to end to get a grasp of how we got here
(despite what Chairman Greenspan told us all this morning), where exactly we
are now (in spite of today's FTMFW ISM print), and what we can expect in the
next few years.
http://albertpeia.com/95percentofjobslostmiddleclass.htm
{ There should be no surprise here; especially in light of
specific government policies that made some insiders filthy rich, and as
well, the bailouts that helped the
banksters among other frauds at the expense of ‘the many’. }
http://albertpeia.com/21unansweredquestions.htm
{These are 21 for sure; yet, if it was only 21,
there’d be at least a semblance of hope. New
study: High U.S. debt levels could mean a quarter century of weak growth
(The American Enterprise Institute) [ That’s optimistic; and towards the end
there at best! Remember: Decades at Best! ] , Total US Debt
Soars To 101.5% Of GDP Tyler
Durden on 05/01/2012 }
5-01-12 Drudgereport: MILBANK:
Preezy making me queasy...
‘campaigner in chief…The preezy of the United
Steezy is making me queasy…According to statistics compiled for a book to be
published this summer, the president has already set a record for total
first-term fundraisers — 191 — and that’s only through March 6. Measured in
terms of events that benefit his reelection bid, Obama’s total (inflated in
part by relaxed fundraising rules) exceeds the combined total of George W. Bush, Bill Clinton, George H.W.
Bush, Ronald Reagan and Jimmy Carter… “Not everything should be subject to
thinking about the next election instead of thinking about the next
generation,” Obama said of the Republicans. “Not everything should be subject
to politics.” [ Typical nigger jive-talk / b***s***! ] ‘He should follow his
own advice.’ … [ Bravo Mr. Milbank. And, don’t worry … wobama the b for
b***s*** is done! It’s great to see Mr. Milbank finally walk in the light! ]
SEALS SLAM
OBAMA FOR MAKING IT POLITICAL
GOP SEN:
'Shame on Barack Obama'...
FLASHBACK:
Obama '08 Accused Clinton of Using Terror Leader To 'Score Political Points'...
CHICAGOLAND:
Teacher tells students NRA wants 'porch monkeys' to die…[Sounds like a
plan!]...
BIN LADEN WAS
ALREADY DEAD
Bin
Laden: Everyone Is Missing the Big Picture http://albertpeia.com/binladenwasalreadydead.htm
: George Washington : 04/30/2012
Campaign ad
says Romney wouldn't have ordered raid to kill Osama bin Laden …
[Coulda…Woulda…If wobama’s grandmother had wheels she’d have been a trolley
car…There’s documentation from reliable military sources that the ‘staged
event’ for political capital at a time wobama was generating record low polling
numbers did not in reality result in Osama’s death – there are also varying
views, from already dead, body on ice and reason for quick burial at sea, etc.,
see infra ]... http://albertpeia.com/binladendeadandonicesince2001.htm
“Bin
Laden” Heroes Probably Murderered to Keep Them Quiet ... Gordon Duff Veterans
Today
...
Read full
article ‘ http://albertpeia.com/binladendeadandonicesince2001.htm
4-30-12 22
Signs That The Collapsing Spanish Economy Is Heading Into A Great Depression
http://albertpeia.com/22signsspainheadingintogreatdepression.htm
, Dave’s Daily: http://www.etfdigest.com MARKET
LIMPS INTO MAY 4-30-12 , The
Secrets of the Spanish Banking System That 99% of Analysts Fail to Grasp http://albertpeia.com/spainbanksystemsecrets.htm
, What
Do California And Detroit Have In Common? http://albertpeia.com/californiadetroitdeclineincommon.htm
Durden { Rosenberg gets this right; and, even far
worse on the horizon! }
Few have been as steadfast in their correct call that the US economy
sugar high of the first quarter was nothing but a liquidity-driven, hot
weather-facilitated uptick in the economy, which has now ended with a thud, as
seen by the recent epic collapse in all high-frequency economic indicators,
which have not translated into a market crash simply because the market is
absolutely convinced that the worse things get, the more likely the Fed is to
come in with another round of nominal value dilution. Perhaps: it is unclear if
the Fed will risk a spike in inflation in Q2 especially since as one of the
respondents in today's Chicago PMI warned very prudently that Chinese inflation
is about to hit America in the next 60 days. That said, here are some of
today's must read observations on where we stand currently, on why 1937-38 may
be the next imminent calendar period deja vu, and most importantly, the fact
that Rosie now too has realized that the next credit bubble is student debt as
we have been warning since last summer.
http://theeconomiccollapseblog.com
http://albertpeia.com/22signsspainheadingintogreatdepression.htm
{ They’re not called
PIIGS for naught; yet, naught is what their spendthrift policies have wrought.
Actually, worse than naught since their horrendous policies which parallel
those in america have dug a hole so deep, there’s no climbing out with collapse
assured thereby. The
Secrets of the Spanish Banking System That 99% of Analysts Fail to Grasp April 29, 2012 By gpc1981 http://gainspainscapital.com http://albertpeia.com/spainbanksystemsecrets.htm
Drudgereport: 4-30-12 BARACK
BIZARRE: PRESIDENT JOKES ABOUT EATING DOGS?
'What's the
difference between hockey mom and pit bull? A pit bull is delicious'...
20 years
after LA Riots, 22 murders remain unsolved...
SHOCK CLAIM:
No housing rebound 'for a generation'...
PAPER:
Obama's new slogan has long socialist past...
Farrakhan:
Joining U.S. Military Is Fighting 'for the Enemy'..
WIRE: Obama
Fails to Stem Middle-Class Slide He Blamed on Bush...
Jon Lovitz
scorches Obama again: 'President lying to get votes'...
SEALS SLAM
OBAMA FOR MAKING IT POLITICAL
GOP SEN:
'Shame on Barack Obama'...
FLASHBACK:
Obama '08 Accused Clinton of Using Terror Leader To 'Score Political Points'...
CHICAGOLAND:
Teacher tells students NRA wants 'porch monkeys' to die…[Sounds like a
plan!]...
Campaign ad
says Romney wouldn't have ordered raid to kill Osama bin Laden …
[Coulda…Woulda…If wobama’s grandmother had wheels she’d have been a trolley
car…There’s documentation from reliable military sources that the ‘staged
event’ for political capital at a time wobama was generating record low polling
numbers did not in reality result in Osama’s death – there are also varying
views, from already dead, body on ice and reason for quick burial at sea, etc.,
see infra ]... http://albertpeia.com/binladendeadandonicesince2001.htm
“Bin
Laden” Heroes Probably Murderered to Keep Them Quiet ... Gordon Duff Veterans
Today
FLASHBACK:
Eyewitness to OBL Raid Saw Helicopter Explode (TRANSCRIPT) [ As
indicated on this albertpeia.com website, I didn’t buy the administration’s
desperate and politically opportunist Osama event and still don’t buy it; and
further, I believe this! ]Veterans
Today | TRANSCRIPT of critical interview with Pakistani
eyewitness to Bin Laden raid. Is this the key to SEAL Team 6′s demise?
“Bin Laden”
Heroes Probably Murderered to Keep Them Quiet Gordon Duff
Veterans
Today August 7, 2011 | Some Possibly Killed in Abbottabad Helicopter
Crash Months Before. [ As indicated on this albertpeia.com website, I didn’t
buy the administration’s desperate and politically opportunist Osama event and
still don’t buy it; and further, I believe this! ] Today 31 NATO troops, 20 of
them Navy Seals from the Osama bin Laden operation died in what is reported as
a helicopter crash in Afghanistan.
‘The chance of
this story being true is almost nil. The chances of this being a staged coverup
is over 80%. We believe these people were murdered to silence them. This is
why.
We have solid
information on two areas:
This gave the US several areas of severe vulnerability.
Generally, Navy Seals are the best people in the world at keeping their mouths
shut, these are real team players, as the term “Seal Team” belies.
Petraeus is a possible presidential contender and had
to be denied this “gift from heaven,” a fast track to the oval office for sure.
Again, I
remind you, I went over specific meetings on bin Laden with his handlers,
getting every last detail. I have watched what has gone on, the continuing need
to vilify a long dead top CIA operative to provide residual cover for the Bush
administration…
The reason?
Bush and his cronies are all facing charges of war crimes, not just in minor
jurisdictions but heading for the ICC, putting them on the dock with Gaddafi (
a far less harmful character).
...
Read full
article ‘ http://albertpeia.com/binladendeadandonicesince2001.htm
Sarkozy on
defensive in bitter final election battle...
Unease
grows...
'The Merkozy
era is over'...
’The
human capacity for self-delusion truly is remarkable. Most people out there
end up believing exactly what they want to believe even when the truth is
staring them right in the face. Take the
Durden [ And, not just social security. Don’t
forget; on top of all the demographic problems is the inevitable, unwavering,
unequivocal fact that the nation’s pervasively corrupt and defacto bankrupt. America’s
debt woe is worse than Greece’s News (CNN) — ‘Our government is
utterly broke…The government’s total indebtedness is $211 trillion’.
http://albertpeia.com/anddebtslaveryforall.htm
]
The Social Security Administration made an alarming
announcement recently that they will exhaust their funding capability by 2033
which was several years earlier than originally projected. As millions of baby
boomers approach retirement more strain is put on the fabric of the Social
Security system. The exact timing of this crunch is less important than
its inevitability. The problem that Social Security has is "real" employment. I say "real" employment simply to
sidestep the ongoing arguments about the validity of government employment
survey's from the Bureau of Labor Statistics. The Federal Government receives
income from the Social Security "contribution" from employee's
paychecks. Social security
"contributions" have decreased sharply by almost $70 billion from its
peak. This is due to two factors. The first is that the number of "real" employees, while growing,
is in lower income producing and temporary jobs. The second
factor is that a larger share of
personal incomes is made up of government benefits which does
not affect social security contributions. The entire social support framework faces an inevitable conclusion and
no amount of wishful thinking will change that.
(
Wobama Desperation in Light of his Failure
– Corruption, Lies, and Intimidation…Drudgereport: 4-27-12 PLUNGE: GROWTH FALLS TO 2.2%...
BIG DROP
FROM 4Q'S 3.0%...
ANALYSTS
PREDICTED 2.6%...
U.S. Firms
Add Jobs, but Mostly Overseas...
Falling home
prices drag new buyers under water...
Homeownership
Hits Decade Low...
Spanish unemployment hits record
24.4%...
Republicans
prepare contempt citation against Holder...
'Obama
attempts to intimidate contributors to Romney's campaign'... http://albertpeia.com/obamaattemptsintimidationofcontributorstoromney.htm
OBAMA SPIKES
FOOTBALL --
AGAIN!
GOP SEN:
'Shame on Barack Obama'...
FLASHBACK:
Obama '08 Accused Clinton of Using Terror Leader To 'Score Political Points'...
CHICAGOLAND:
Teacher tells students NRA wants 'porch monkeys' to die…[Sounds like a
plan!]...
Campaign ad
says Romney wouldn't have ordered raid to kill Osama bin Laden …
[Coulda…Woulda…If wobama’s grandmother had wheels she’d have been a trolley
car…There’s documentation from reliable military sources that the ‘staged
event’ for political capital at a time wobama was generating record low polling
numbers did not in reality result in Osama’s death – there are also varying
views, from already dead, body on ice and reason for quick burial at sea, etc.,
see infra ]... http://albertpeia.com/binladendeadandonicesince2001.htm
“Bin
Laden” Heroes Probably Murderered to Keep Them Quiet ... Gordon Duff Veterans
Today
FLASHBACK:
Eyewitness to OBL Raid Saw Helicopter Explode (TRANSCRIPT) [ As
indicated on this albertpeia.com website, I didn’t buy the administration’s
desperate and politically opportunist Osama event and still don’t buy it; and
further, I believe this! ]Veterans
Today | TRANSCRIPT of critical interview with Pakistani
eyewitness to Bin Laden raid. Is this the key to SEAL Team 6′s demise?
“Bin Laden”
Heroes Probably Murderered to Keep Them Quiet Gordon Duff
Veterans
Today August 7, 2011 | Some Possibly Killed in Abbottabad Helicopter
Crash Months Before. [ As indicated on this albertpeia.com website, I didn’t
buy the administration’s desperate and politically opportunist Osama event and
still don’t buy it; and further, I believe this! ] Today 31 NATO troops, 20 of
them Navy Seals from the Osama bin Laden operation died in what is reported as
a helicopter crash in
‘The chance of
this story being true is almost nil. The chances of this being a staged coverup
is over 80%. We believe these people were murdered to silence them. This is
why.
We have solid
information on two areas:
This gave the
Petraeus is a possible presidential contender and had
to be denied this “gift from heaven,” a fast track to the oval office for sure.
Again, I
remind you, I went over specific meetings on bin Laden with his handlers,
getting every last detail. I have watched what has gone on, the continuing need
to vilify a long dead top CIA operative to provide residual cover for the Bush
administration…
The reason?
Bush and his cronies are all facing charges of war crimes, not just in minor
jurisdictions but heading for the ICC, putting them on the dock with Gaddafi (
a far less harmful character).
... Read full
article ‘ http://albertpeia.com/binladendeadandonicesince2001.htm
PIMCO's Bill Gross spent a longer-than-soundbite
period discussing QE3, the chance of a
Adding insult to Bayern Munich injury, we just got
S&P which did the impossible and cut
4-26-12 84%
of All Stock Trades Are By High-Frequency Computers … Only 16% Are Done By
Human Traders Washington’s Blog |
As of 2010, 50-70% of all stock trades were done by high frequency trading
computer algorithms.[ Churning / earning without regard to learning! That money
has to come from someplace; hence, the horrendous economy and jobs picture! ] ,
Forrester: Apple is Entering a Long Decline Written
by Damon
Poeter PC Magazine ‘ At least one analyst is bucking the trend
of gushing over Apple. Forrester Research chief executive George Colony laid
out his case in a blog post Wednesday for why he thinks the company will start
looking like just another tech .. ‘ [
As much as I like Apple, my first computer, and am glad they survived in a big
way, I’m constrained to agree. Moreover, and I can’t prove this, I believe
there to be some ‘soft’ stimulation of the heavily weighted, more bang for the
buck, Apple stock by way of subsidized purchases. Remember those $275,000 per
car government purchases, and the $278,000 cost per stimulus job? What’s $500
per ipad or iphone, etc., to a nation hopelessly, insurmountably indebted to
the tune of $211 trillion, especially in their election year desperation. This
should in no way be construed as a slight to Cook; but rather, just the reality
there’s a limit to what one’s willing to pay for fairly common utility. That
said, I’d still buy an IPad since, as with the ipod and the simple technology
involved, amazingly, ultimate competitors as, ie., microsoft with zune, etc.,
didn’t measure up at all! I think the IPhone’s totally underwhelming! Contrary
to the tenor of the article, I believe charisma has nothing whatsoever to do
with the inevitable decline ahead; and, not just Apple. Moreover, I believe
Apple’s success is a testament to the pathetic state of american/global
technology generally, and the somewhat ‘curious’ state of the consuming public.
The only really ‘big thing’ has been the internet. And, given time, they’ll
mess that up as they’re so desperately trying to do with all forms of
censorship and constraints; just ask Timothy Berners-Lee Inventor of World Wide Web Savages Government’s Big
Brother Plans http://albertpeia.com/bernersleeantibigbrotherwebintrusion.htm
] , The
Family Farm Is Being Systematically Wiped Out Of Existence In America http://albertpeia.com/familyfarmwipedoutinamerica.htm
Consumer
Comfort in U.S. Falls by the Most in More Than a Year , Greek
Anti-Austerity Vote Poses Eurozone Danger
, Ireland’s
Noonan Says Will Cut Growth Forecast by Almost Half { Yes, all bad news; but, as we all know, the
computers (algorithms) don’t care. 84%
of All Stock Trades Are By High-Frequency Computers … Only 16% Are Done By
Human Traders Washington’s Blog |
As of 2010, 50-70% of all stock trades were done by high frequency trading
computer algorithms. .[ Churning / earning without regard to learning! That
money has to come from someplace; hence, the horrendous economy and jobs
picture! ] }
Forrester: Apple is Entering a Long Decline Written
by Damon
Poeter PC
Magazine ‘ At least
one analyst is bucking the trend of gushing over Apple. Forrester Research
chief executive George Colony laid out his case in a blog post Wednesday for
why he thinks the company will start looking like just another tech .. ‘ [ As much as I like Apple, my first
computer, and am glad they survived in a big way, I’m constrained to agree.
Moreover, and I can’t prove this, I believe there to be some ‘soft’ stimulation
of the heavily weighted, more bang for the buck, Apple stock by way of
subsidized purchases. Remember those $275,000 per car government purchases, and
the $278,000 cost per stimulus job? What’s $500 per ipad or iphone, etc., to a
nation hopelessly, insurmountably indebted to the tune of $211 trillion,
especially in their election year desperation. This should in no way be
construed as a slight to Cook; but rather, just the reality there’s a limit to
what one’s willing to pay for fairly common utility. That said, I’d still buy
an IPad since, as with the ipod and the simple technology involved, amazingly,
ultimate competitors as, ie., microsoft with zune, etc., didn’t measure up at
all! I think the IPhone’s totally underwhelming! Contrary to the tenor of the
article, I believe charisma has nothing whatsoever to do with the inevitable
decline ahead; and, not just Apple. ]
‘At least one analyst is bucking the trend of gushing
over Apple. Forrester Research chief executive George Colony laid out his case in a blog post Wednesday for why he
thinks the company will start looking like just another tech companies within
the next four years unless it finds another "special, magical" leader
like Steve Jobs.
Colony's position couldn't be more contrarian. Apple
just reported
record March quarter profits while selling tens of millions of its iPhones,
iPads, and Mac computers. In the past few months, other analysts have been
jockeying to tout Apple's share price, currently at just over $600 per share,
for gains past the $800, $900, and even $1,000 threshold.
But if Apple's riding high now, that's not going to
last, according to Colony.
"Apple will decline in the post Steve Jobs
era," he writes, explaining that Apple under Jobs fit the bill as a
"charismatic organization ... headed by people with the 'gift of
grace'." Succession in such an organization is particularly difficult
because while bureaucratic and traditional organizations have processes and
rituals to elevate new leadership, "[i]n charismatic organizations, the
magical leader must be succeeded by another charismatic—the emotional
connection of employees and (in the case of Apple) customers demands it."
Colony quotes liberally from Max Weber's The
Theory of Social and Economic Organization and Adam Lashinky's Inside
Apple to build his case that Apple will "coast" over the next 24
to 48 months and "then decelerate."
What about the processes Jobs himself put in place at
Apple to ensure that his vision and management style would endure at the
company after he was gone? Apple University and other company initiatives
fostered by Jobs won't do the trick, Colony claims, quoting Weber:
"Charisma can only be awakened and tested, it cannot be learned or
taught."
Colony argues that Jobs' successor, Tim Cook, has a
"legal/bureaucratic approach" to leading Apple that "will prove
to be a mismatch for an organization that feeds off the gift of grace."
Instead of Cook, the company should turn to Jonathan Ive or Scott Forstall to
be CEO, the analyst writes.
If Apple doesn't get another magical charismatic
leader, Colony concludes, it risks turning into Sony after Akio Morita or
Polaroid post-Edwin Land—a company that goes from great to merely good in a few
short years./
Durden [ And, not just social security. Don’t
forget; on top of all the demographic problems is the inevitable, unwavering,
unequivocal fact that the nation’s pervasively corrupt and defacto bankrupt. America’s
debt woe is worse than Greece’s News (CNN) — ‘Our government is
utterly broke…The government’s total indebtedness is $211 trillion’.
http://albertpeia.com/anddebtslaveryforall.htm
]
The Social Security Administration made an alarming
announcement recently that they will exhaust their funding capability by 2033
which was several years earlier than originally projected. As millions of baby
boomers approach retirement more strain is put on the fabric of the Social
Security system. The exact timing of this crunch is less important than
its inevitability. The problem that Social Security has is "real" employment. I say "real" employment simply to
sidestep the ongoing arguments about the validity of government employment
survey's from the Bureau of Labor Statistics. The Federal Government receives
income from the Social Security "contribution" from employee's
paychecks. Social security
"contributions" have decreased sharply by almost $70 billion from its
peak. This is due to two factors. The first is that the number of "real" employees, while growing,
is in lower income producing and temporary jobs. The second
factor is that a larger share of
personal incomes is made up of government benefits which does
not affect social security contributions. The entire social support framework faces an inevitable conclusion and
no amount of wishful thinking will change that.
(
Drudgereport:
More
Americans Than Projected File Jobless Claims...
Employers add just 120,000 jobs;
lowest since October...
POLL: Young
People May Not Bother to Vote for Obama... { Yeah, come on! Smart
(if they don’t)! As a matter of self-respect, how could they possibly vote for
wobama the b for b***s***. Sure, that disingenuous smile/spiel; the feigned
understanding, ‘shared pain’; then…just the opposite or nothing at all!
Wobama’s an incompetent fraud who’s made things worse for young people
everywhere! }
REPORT:
Michelle's Spanish Vacation Cost Taxpayers $467,585 [moochell … how
typical … and as always, though
contraindicated, in your face, tauntingly so! They’re just typical blacks who
come november, will indeed be packing and gone by innauguration or sooner which
is not soon enough. ] ...
Blue collar
Dems jealous, angry over lavish vacations...
'Fantasy' is
to walk out WH 'and just keep walking' [ That wish is granted! Start packing! ]
...
Says she
won't run for president...
MOST
UNPOPULAR GOV'T IN 15 YEARS
America’s
debt woe is worse than Greece’s News (CNN) — ‘Our government is
utterly broke…The government’s total indebtedness is $211 trillion’.
http://albertpeia.com/anddebtslaveryforall.htm
(
The $5 Trillion Man: Debt Has Increased Under Obama by
$5,027,761,476,484.56 CNSNews.com
| Since Barack Obama took the oath of office as president of the
Just
As Predicted, Initial Claims Miss Huge, Yet Magically Improve Durden [ It is indeed quite pathetic how, even with
their fudged data, they try to manipulate the spin as pointed out by the astute
at ZeroHedge.com immediately hereafter. ] Recall
what we said less
than an hour ago: "what will most likely happen is a print in the mid
to upper 380,000s, while last week's number will be revised to a 390K+ print,
allowing the media to once again declare that the number was an improvement
week over week. In other words, SSDD." SSDD it is: last week's 386K number
was revised to 389K, meaning the massive miss relative to expectations of 370K
last week just got even worse. This
is the 10th week in a row of misses to the weaker side and the 16th of the last
18. And while this week's miss was
whopping as usual, with expectations of 375K being soundly missed after the
print came at 388K on its way back to 400K, the media can sleep soundly because
the absolute lack of BLS propaganda means that the sequential progression is
one of, you got it, improvement. In other words here is what the headlines in
the Mainstream Media will be: "Initial claims improve over prior
week." In fact here it is from Bloomberg: "
22
Red Flags That Indicate That Very Serious Doom Is Coming For Global Financial
Markets http://albertpeia.com/22redflagsofdoomforglobalfinancialmarkets.htm
http://theeconomiccollapseblog.com
http://albertpeia.com/22redflagsofdoomforglobalfinancialmarkets.htm [ Very serious doom indeed, even as the
market’s rallying as I write this with ‘HFT Algo’s gone wild’ with their 1
trick pony, Apple beating more modest estimates with lower guidance
prospectively. I hate to rain on any parade but across the board, much lower
guidance is in order! ]
‘If you enjoy watching financial doom, then you are
quite likely to really enjoy the rest of 2012. Right now, red flags are
popping up all over the place. Corporate insiders are selling off stock
like there is no tomorrow, major economies all over Europe continue to implode,
the IMF is warning that the eurozone could actually break up and there are
signs of trouble at major banks all over the planet. Unfortunately, it
looks like the period of relative stability that global financial markets have
been enjoying is about to come to an end…’
http://albertpeia.com/shillingsaysstockswillplunge43percent.htm , http://albertpeia.com/ecricallsrecession.htm , ‘Massive Wealth Destruction’ Is About to Hit Investors: Faber http://albertpeia.com/massivewealthdestructionabouttohit.htm , RICHARD RUSSELL: A Massive Stock Market Collapse Will Wipe Out 60 Years Of Inflation And Leveraging Business Insider , http://albertpeia.com/22signsglobalrecessiondepression.htm , The 15 Trillion Dollar Party http://albertpeia.com/bankruptamericadestroyingthefuture.htm , Failed Wobama model illustrated: 16 Reasons To Move Away From California http://albertpeia.com/16reasonstomoveawayfromcalifornia.htm , No Housing Recovery Until 2020 In 5 Simple Charts http://albertpeia.com/nohousingrecoveryuntil2020in5charts.htm Durden , The Mother Of All Infographics: Visualizing America's Derivatives Universe http://albertpeia.com/usderivatives221trillionof707trillionglobal.htm , Fasten Your Seatbelts: High Frequency Trading Is Coming To The Treasury Market [ http://albertpeia.com/highfrequencytradingcomingtotreasuries.htm
April 23, 2012 By gpc1981 http://gainspainscapital.com
[ http://albertpeia.com/germanyplanb.htm ]
US home
prices drop for 6th straight month USAGold.com
Apr 24th, 2012 07:39 by News
{ Yes, it’s all that bad and worse. Don’t forget,
pervasively corrupt and defacto bankrupt, they and wobama the b for b*** are
obfuscating the reality of just how bad, by spending money they don’t have,
because this is an election year. http://albertpeia.com/caseshillerhousingchart42412.jpg America’s
debt woe is worse than Greece’s News (CNN) — ‘Our government is
utterly broke…The government’s total indebtedness is $211 trillion’ Chimps
Throwing Poop And 29 Other Mind Blowing Ways That The Government Is Wasting
Your Money http://albertpeia.com/whydochimpslikeobamasthrowpoop29waysgovernmentwastesmoney.htm }
Leading neoconservative (read “closet Trotskyite“)
commentator Charles Krauthammer’s latest Washington Post editorial pays homage
to the glory days of NASA and the retirement of the space shuttle
Discovery. Titled “Farewell,
the New Frontier,” the piece evokes mental images of Uncle Sam losing his
international prestige as President Obama scales down NASA’s space exploration
endeavors. Contrary to Krauthammer,
NASA has never represented
{ A bit much, to be sure (Casey) … my own position on
this same topic regarding the same WP Editorial:
Krauthammer:
Farewell, the New Frontier (
If I could be
disappointed, Mr. Krauthammer, it would be because you uncharacteristically
sound like a pubescent schoolchild! The ‘space program(s)’ were boondoggles,
plain and simple. Chimps
Throwing Poop And 29 Other Mind Blowing Ways That The Government Is Wasting
Your Money http://albertpeia.com/whydochimpslikeobamasthrowpoop29waysgovernmentwastesmoney.htm
Scientists
fear end of trips to Mars They’re worried and angry as the White House
won’t commit to the plan to explore the red planet. (
Astronauts'
tracks, trash seen in new moon photos [ The easiest thing in the
world to contrive (don’t forget they can with some precision today send
robotics to ie., mars, etc.) and doctor so don’t be taken in by their
fraudulent b***s***! They’re probably desperately looking for some money /
budgetary consideration for their continued boondoggles. No man has ever set
foot on the moon to date. As
NASA transitions, U.S. space politics in a state of flux (
http://theeconomiccollapseblog.com
http://albertpeia.com/usprisoncamp.htm
{ I really must say that this is a tough one
because the vast majority of americans are inherently criminal, with the
highest crime rates in the world among the so-called ‘civilized’ nations (you
can’t count the blacks of sub-saharan africa as civilized, and there’s no question
but that the blacks have disproportionately skewed the american crime rates,
particularly violent crimes, higher); including, from my direct observation and
experience, that within all three branches of the u.s. government. Indeed, the
(should be prison) inmates are running this asylum called
http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm http://albertpeia/americangovernmentdrugtrafficking.htm http://albertpeia/americascorruptiondrugtrade.htm ] }
http://endoftheamericandream.com
http://albertpeia.com/unsoundslikeaplanfordisasterontheway.htm
‘Did you know that the UN has a plan for running the
world and it is right out in the open? It is called "sustainable
development", but it is far more comprehensive than it sounds. The
truth is that the UN plan for running the world would dramatically alter nearly
all forms of human activity…’
Paul Craig Roberts | When did
things begin going wrong in
http://albertpeia.com/howlibertywaslost.htm
‘When did things begin going wrong in
“From the beginning,” answer some. English colonists,
themselves under the thumb of a king, exterminated American Indians and stole
their lands, as did late 18th and 19th century Americans. Over the course of
three centuries the native inhabitants of
Demonization always plays a role. The Indians were
savages and the Palestinians are terrorists. Any country that can control the
explanation can get away with evil.
I agree that there is a lot of evil in every country
and civilization. In the struggle between good and evil, religion has at times
been on the side of evil. However, the notion of moral progress cannot so
easily be thrown out…’
(California
had 9 out of the 10 worst metro areas for employment in the nation) http://www.washingtonpost.com/business/economy/10-metro-areas-with-highest-unemployment-rates/2011/09/07/gIQAUjKqLL_gallery.html#photo=2
http://albertpeia.com/studentloandebtbubble.htm http://albertpeia.com/anddebtslaveryforall.htm
America’s debt woe is worse than Greece’s
News (CNN) — ‘Our
government is utterly broke. There are signs everywhere one looks…The
government’s total indebtedness is $211 trillion’.
The Simple
Problems Of Too Much US Debt Durden http://albertpeia.com/toomuchusdebt.htm
10
Reasons Why The Reign Of The Dollar As The World Reserve Currency Is About To
Come To An End http://theeconomiccollapseblog.com
http://albertpeia.com/10reasonsdollarreservecurrencyending.htm
The
Shocking Truth About Unemployment In America In One Chart http://albertpeia.com/shockingtruthofunemploymentinamerica.htm
Fed
likely to stay the course, even as economic recovery appears mixed Fed not
expected to announce any new actions to boost economy after policy meeting on
Wednesday. Wonkblog:
Is the Fed fueling a bond bubble? (Washington Post) [ Stay what course? Failure?
More unaffordable, inflationary QE for the sake of the frauds on wall street? …
Bond bubble? Not just bonds; but that and any other worthless paper that can be
monetized, securitized, hypothecated, re-hypothecated, an d so on, ad nauseum,
over and over, again and again.
Guest
Post: Why Bernanke Has Failed, And Will Continue To Fail Tyler Durden
New
espionage unit to focus on high-profile targets (Washington Post) [ Oh come on! Another bureaucratic black hole? They
should focus on themselves. In the final analysis, history will write america
as its own worst enemy that brought itself down from within for the sake of the
military industrial complex as warned against by the great but underrated
President General Eisenhower and the greedy few it serves (including the frauds
on wall street, etc.). Cruisin’ for a bruisin’ consistent with a course set for
losin’, america’s disavowed Dale Carnegie with a national theme akin to ‘How to
Make Enemies and Not Influence People’! That’s domestic and global, attested to
by poll numbers disapproving the u.s. government that are tantamount disavowal,
so bad they are. Chimps
Throwing Poop And 29 Other Mind Blowing Ways That The Government Is Wasting
Your Money http://albertpeia.com/whydochimpslikeobamasthrowpoop29waysgovernmentwastesmoney.htm , Failed Wobama model
illustrated: 16 Reasons To Move Away From California http://albertpeia.com/16reasonstomoveawayfromcalifornia.htm , No
Housing Recovery Until 2020 In 5 Simple Charts
http://albertpeia.com/nohousingrecoveryuntil2020in5charts.htm
Durden , The
Mother Of All Infographics: Visualizing America's Derivatives Universe http://albertpeia.com/usderivatives221trillionof707trillionglobal.htm
, Fasten
Your Seatbelts: High Frequency Trading Is Coming To The Treasury Market [ http://albertpeia.com/highfrequencytradingcomingtotreasuries.htm
OPINION
| Why America won't go the way of Europe (Washington Post) [ Why? Because america’s already there, but printing
that ever more worthless fiat paper currency which Europe has emulated to their
eternal misfortune, their prior experience with Weimar notwithstanding.
America’s per capita debt exceeds that of the worst PIIGS in the poke,
including greece and spain and america’s
total debt is ultimately unserviceably insurmountable. The scenario here will
be ultimately worse and wishing otherwise will not make it not so! Guest
Post: Presenting The US Government’s Infographic Of Its Own Insolvency http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2012/04/20120420_info1.png , America’s
debt woe is worse than Greece’s News (CNN) — ‘Our government is
utterly broke…The government’s total indebtedness is $211 trillion’.
, Does The I In IMF
Stand For Idiot? , Guest
Post: The Market's Getting A Wedgie , FoodStamp Nation
First and foremost, there are 46.5
million Americans in the program as of the most recent
information available (January 2012), comprising 22.2 million households.
That’s 15% of the entire population,
and just over 20% of all households. Moreover, despite the end of the
official “Great Recession” in June 2009, over 10 million more Americans have
been accepted into the program since that month, and the year-over-year growth
rate for the program is still +5%.
Chimps
Throwing Poop And 29 Other Mind Blowing Ways That The Government Is Wasting
Your Money http://albertpeia.com/whydochimpslikeobamasthrowpoop29waysgovernmentwastesmoney.htm , Failed Wobama model
illustrated: 16 Reasons To Move Away From California http://albertpeia.com/16reasonstomoveawayfromcalifornia.htm , No
Housing Recovery Until 2020 In 5 Simple Charts
http://albertpeia.com/nohousingrecoveryuntil2020in5charts.htm
Durden , The
Mother Of All Infographics: Visualizing America's Derivatives Universe http://albertpeia.com/usderivatives221trillionof707trillionglobal.htm
, Fasten
Your Seatbelts: High Frequency Trading Is Coming To The Treasury Market [ http://albertpeia.com/highfrequencytradingcomingtotreasuries.htm
http://endoftheamericandream.com
http://albertpeia.com/anddebtslaveryforall.htm
Mitt
Romney: Obama 'nice guy' we can't 'afford'Apr. 21, 2012 - On Friday,
Republican Mitt Romney addressed a gathering of state GOP chairs and members in
Phoenix. He criticized President Obama, saying “I think he's a nice person, I
just don't think we can afford him any longer.”(Washington Post) [ I believe this to be the most charitable
understatement in the history of american politics. The $5 Trillion Man: Debt Has Increased Under Obama by
$5,027,761,476,484.56 CNSNews.com
| Since Barack Obama took the oath of office as president of the United States,
the federal government’s debt has increased by $5,027,761,476,484.56. – That’s more than all the Presidents since
President Eisenhower combined. This
obfuscating failure and incompetence of wobama the b for b***s*** was stated
another way just this past day; viz., obama has increased the deficit (now
insurmountable) by more than all the presidents of the nation through clinton
combined! Furthermore, wobama’s not a ‘nice person’. THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
; or those black spokesmen that blacks have rallied around ; how ‘bout your view on this incident http://albertpeia.com/typicalblackmanonneighborhoodwatch.htm
, or these black on white crimes (which is the overwhelming statistical
incidence) http://www.albertpeia.com/whitesvictimizedbyblacks.htm
, http://albertpeia.com/obamaslammedforsilenceonwhitestudentsmurderedbyblack.htm , Drudgereport: 'Mob' beatings at WI state
fair... 'Hundreds of
young black people beating white people'... , http://www.theroot.com/multimedia/gallery-meet-6-black-serial-killers Plus:
Behind the myth that only white men commit such crimes.
Black Serial Killers Not So Uncommon http://www.amren.com/news/news04/03/03/blackserial.html
200 Involved
In Fights At Mall Of America After Rumors That Rappers Are There...
Zimmerman
defense exposes weaknesses in case (Washington Post) [ Weak, misguided case indeed.
That I find myself on the same side as Alan Dershowitz is testament to just how
weak the prosecution’s case really is. Of course, rational discourse, and facts
for that matter, or neighborhoods under siege have had no place in this 21st
century version of sharpton/tawana get bwana (as in the ‘Tarzan’ sense as used)
noise trumps all episode. Rather tragic and pathetic, which bespeaks the real
condition of this nation and dark days ahead. Drudgereport: DERSHOWITZ
BLASTS PROSECUTION: 'NOT ONLY IMMORAL, BUT STUPID'... [ Indeed! And,
make no mistake, I never would have thought I’d be agreeing with Alan
Dershowitz on anything: http://albertpeia.com/trayvonnewtawana.htm ]
BANG, BANG ‘…His
surprising testimony came the same day that ABC News exclusively obtained a
photograph showing the bloodied back of Zimmerman's head, which was apparently
taken three minutes after he
shot and killed Martin. The photo could give credence to Zimmerman's claim
that Martin had bashed his head against the concrete as Zimmerman fought for
his life…’
The
threat of the extreme right Rants from Ted Nugent and Rep. Allen West
exemplify a poison we can’t ignore.
(Washington Post) [ The real poison we can’t ignore giving rise to what some
might find offensive blowback is found no further than the whitehouse and
friends of ‘0’. Comment on farrakhan, Mr. Robinson ( Drudgereport: Farrakhan
Warns Whites: 'Unless You Change, Your End Has Come'…) ; or tyson (Tyson on Zimmerman: 'It's a disgrace that man hasn't been shot
yet' - Don’t forget, Mr. Robinson, little hoody
trayvon was a thief and worse … I believe Zimmermann.) ; or obama who reminded us
that if he had a son, he’d look black like obama; or the holder/ holder justice
department as pointed out by this very newspaper UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... WP ‘ignore cases that involve black
defendants and white victims ', Panthers
Call For Violent Revolution, Race War, Bloodshed Against ‘Honkies’ (Video) ; or wobama the b for b***s*** whose broken
campaign promises and obfuscating spending are legend , Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall
Street accountable for the meltdown. The $5 Trillion Man: Debt Has Increased Under Obama by
$5,027,761,476,484.56 CNSNews.com
| Since Barack Obama took the oath of office as president of the United States,
the federal government’s debt has increased by $5,027,761,476,484.56. – That’s more than all the Presidents since
President Eisenhower combined. THE OBAMA DECEPTION’
http://albertpeia.com/obamadeceptionhighqualityversion.flv
; or those black spokesmen that blacks have rallied around ; how ‘bout your view on this incident http://albertpeia.com/typicalblackmanonneighborhoodwatch.htm
, or these black on white crimes (which is the overwhelming statistical
incidence) http://www.albertpeia.com/whitesvictimizedbyblacks.htm
, http://albertpeia.com/obamaslammedforsilenceonwhitestudentsmurderedbyblack.htm , Drudgereport: 'Mob' beatings at WI state
fair... 'Hundreds of
young black people beating white people'... , http://www.theroot.com/multimedia/gallery-meet-6-black-serial-killers Plus:
Behind the myth that only white men commit such crimes.
Black Serial Killers Not So Uncommon http://www.amren.com/news/news04/03/03/blackserial.html
200 Involved
In Fights At Mall Of America After Rumors That Rappers Are There...
Miami Heat
Players Don Hoodies...
'Dead or
Alive' Poster Issued by New Black Panther Party... , etcetera, etc..
·
Trayvon Martin was suspended from school three times
in the months before he was shot dead by a neighborhood watchman, it emerged
today.
·
The facts, revealed in a leaked report, paint a
different picture of a teenager who frequently found himself in trouble with
authorities.
·
It was also revealed that he might have attacked a
bus driver, according to a Twitter account that it is claimed belonged to the
teen.
Krauthammer:
Farewell, the New Frontier
(Washington Post) [ I’m frankly a bit surprised, Mr. Krauthammer. I personally
have long since stopped being disappointed; one builds up a tolerance to
reality after a time. Pity? The only pity rationally should be the new frontier
of rational, civilized behavior on terra ferma, aka earth. Not that it matters
mind you, given the decades at best constraint. Then, rationality counting,
there’s those other more earthy constraints called debits and credits, assets
and liabilities, revenues and spending, etc.; and, as is particularly relevant
here, the reality that the nation, as is the world generally as a hole, excuse
me, whole, is defacto bankrupt! America’s
debt woe is worse than Greece’s News (CNN) — ‘Our government is
utterly broke…The government’s total indebtedness is $211 trillion’).
If I could be disappointed, Mr. Krauthammer, it would
be because you uncharacteristically sound like a pubescent schoolchild! The
‘space program(s)’ were boondoggles, plain and simple. Chimps
Throwing Poop And 29 Other Mind Blowing Ways That The Government Is Wasting
Your Money http://albertpeia.com/whydochimpslikeobamasthrowpoop29waysgovernmentwastesmoney.htm
Scientists
fear end of trips to Mars They’re worried and angry as the White House
won’t commit to the plan to explore the red planet. (Washington Post) [ Been
there, done that courtesy of Brian DePalma. Why waste money the nation doesn’t
have by going back? After all, the nation is defacto bankrupt. buzz aldrin wants to colonize Mars … Riiiiight buzzed!
Better check with DePalma to see if he already has the footage in the can since
you won’t be able to use the moon footage for the new boondoggle video ...
‘Mission to Mars’ … Previous: OBAMA
SPEECH OUTLINES PLANS FOR RETURNING DEFACTO BANKRUPT U.S. TO SPACE – OOOOOH!
SOUNDS LIKE A PLAN … FOR INNER SPACE (IMAGINATION).
Astronauts'
tracks, trash seen in new moon photos [ The easiest thing in the
world to contrive (don’t forget they can with some precision today send
robotics to ie., mars, etc.) and doctor so don’t be taken in by their
fraudulent b***s***! They’re probably desperately looking for some money /
budgetary consideration for their continued boondoggles. No man has ever set
foot on the moon to date. As
NASA transitions, U.S. space politics in a state of flux (Washington Post) [ U.S. space politics? I
didn’t know there was such a thing. But I, and I’m sure all know that ‘u.s.
politics are spaced’. Flux? One could only hope. I’d say, ‘fleeced’; as in
we’ve all been fleeced. Sterner:
5 myths about NASA (Washington
Post) [ If you can’t get past the first myth; viz., that they actually set foot
on the moon, the other 5 so-called myths become irrelevant. Indeed,
post-Eisenhower, and certainly post-Kennedy-assassination / coup d’etat, NASA
was all military / military industrial complex (moreover, someone knowledgeable
about such matters said essentially that in explaining to my surprise the
transition to the shuttle program it was said there was greater military
application in same). In any event, Russia’s been doing quite a bit of ‘heavy
lifting’ vis-ŕ-vis the space station, but not inordinately so. All I can say
with certainty is that the universe beyond this solar system is forever
protected / insulated. The fact is, they never set foot on the moon; and, in
light of the pervasive corruption in and defacto bankruptcy of the nation,
their perpetual wars toward making a hell on earth militate against anything
but trying to do even just a little bit better (for a start),
terrestrially. NASA wants
mission to bring Martian rocks to Earth (AP) Why? They already have
that and more: Launch
of secret US space ship masks even more secret launch of new weapon The
Militarization of Outer Space: The Pentagon’s “Space Warriors” Global Research | It’s not as if
things aren’t bad enough right here on planet earth. Now the Defense Department
wants to up the stakes with new, destabilizing weapons systems that will
transform low- and high-earth orbit into another
“battlespace.”
Tom
Davis: Centrist Republicans, alive and well (Washington Post) [ Indeed they are; if only as a matter of reality,
pragmatism, and necessity in seeing a nation survive as we once knew it. After
all, there is absolutely no one who could honestly say that wobama the b for
b***s***, who didn’t do what he said he’d do which we now know he should have
done as promised, is an abject, utter failure as president.
Robinson:
Which Mitt will we get? (Washington Post) [ I think the more
important and less speculative question is which con-man obama do we have?
Indeed, there is no speculating about the fact that wobama the b for b***s***
is without exception, a completely different obama from that personified by the
campaign promises and rhetoric last time around. In fact, except for profligate
spending on top of the already unbalanced fiscal approach of dumbya bush to
obfuscate his abject failure as president, wobama’s continued dumbya’s failed
policies to a ‘t’. Oh sure, you’ll get some of the ‘same old song’ from wobama with the election drawing
nye; nothing of which is even remotely within the possibility of passage, but,
as last time around, it sounds good on the campaign trail. If anything, praise
Mitt for giving Wobama a heads-up by informing him to ‘start packing’. I
thought that was the nice Mitt; and, truth be told, that’s not typical wobama
b***s***! Keep in mind, while being fiscally prudent as Governor; though
politically contraindicated he was compassionate as he deemed necessary for the
benefit of the vast majority in his state which set up this grueling primary
campaign in which he has clearly prevailed.
Just the opposite is true of wobama who despite rhetoric and (broken)
campaign promises, favored ie., the banksters, military industrial complex,
etc..
David Icke, Barack Obama: The
Naked Emperor Shocking but true revelations from David Icke| infra ‘...Obama is just more of the same, a
big smile with strings attached, and controlled completely by those that chose
him, trained him, sold him and provided his record funding, kept his many
skeletons under wraps, like the gay sex and crack cocaine .. Larry Sinclair
(from affidavit: 1. Who is Ron Allen that claims to be with your Presidential
camp, who is alleged to claim that someone claiming to represent me called
asking for $100,000, to keep me from coming forward about our (Obama and I)
November 1999 encounter of sex and cocaine use?), ... Obama is just another
Banksters' moll prostituting himself .., and that's why he supported the grotesque
bail-out of the banking system and why he will always put their interests
before the people. His financial advisors are straight from the Wall Street
'A' list, including Paul Adolph Volker
Will:
Protecting true self-government
(Washington Post) [ Oh come on Mr. Will. If anyone in america really cared
about Constitution, true self-government, meaningful rules of law to protect
same, etc., wobama would already have been impeached. http://albertpeia.com/impeachobama.htm
‘...North Carolina Republican Walter Jones’ efforts to bring the administration
to account for launching unconstitutional wars without the authorization of
Congress. Jones’
recently introduced resolution states that such actions represent “an
impeachable high crime and misdemeanor.”
The five
core reasons for impeachment proceedings to be launched can be summarized as
follows;
1) Despite promising otherwise, Barack
Obama committed U.S. military resources to overthrow Libyan leader Colonel Gaddafi
without any kind of congressional authorization whatsoever and without citing
any evidence that Libya under Gaddafi was a threat to the security of the
United States. Furthermore, Obama brazenly undermined the power of Congress by
insisting his authority came from the United Nations Security Council and that
Congressional approval was not necessary. “I don’t even have to get to the
Constitutional question,” Obama
churlishly remarked.
2) On New Years Eve 2011, Obama signed
into law the National Defense Authorization Act which includes provisions that
permit the abduction and military detention without trial of U.S. citizens.
Despite Obama claiming he would not use the provisions to incarcerate U.S.
citizens, it was
his administration that specifically demanded these powers be included in
the final NDAA bill.
3) The passage of the Obamacare
bill, under which Americans will be forced to buy health insurance, is clearly
anathema to the Constitution. “The individual mandate is unprecedented and
exceeds Congress’s power to regulate interstate commerce. If it is allowed to
stand, Congress will be able to impose any kind of economic mandate as part of
any kind of national regulatory scheme,” writes
Ilya Shapiro, a Senior Fellow in Constitutional
Studies, Cato Institute.
4) Obama’s role in the economic looting
of America since he took office is unprecedented. Specifically, Obama violated
the Constitution’s Takings and Due Process Clauses when he bullied the secured
creditors of automaker Chrysler
into accepting 30 cents on the dollar while politically connected labor unions
and preferential others received better deals.
5) Finally, Obama’s use of signing
statements shows his desire to continue in the vein of George W. Bush and rule
by executive fiat. This is a direct violation of Article II of the
Constitution…’
GOOGLE SEARCH – ‘LARRY KLAYMAN, LOUIS FREEH CORRUPT’
ABOUT 6,240 RESULTS (0.11 SECONDS)
archive.newsmax.com/articles/?a=2000/7/30/211047
Jul 31, 2000 – Judicial Watch is a public-interest
law firm that fights corruption in government. To read Larry
Klayman's
letter to Louis Freeh, ...
www.judicialwatch.org/archive/newsletter/2003/0203b.shtml
... security," said JW Chairman
Larry Klayman. "His behavior stands in stark contrast to Louis
Freeh, a man
so corrupt he destroyed the office he led, ...
www.freedomwriter.com/issue20/am15.htm
“Louis
Freeh will
finally have to answer in court for what he did to our clients. ... answers,”
stated Judicial Watch Chairman and General Counsel Larry
Klayman. ...
www.infowars.com/jw_transcript.htm
Klayman, Larry, Chairman, Judicial
Watch ... My name is Larry Klayman. ... interest group that
investigates and prosecutes government corruption and abuse. ...... They seized his
computer – these are FBI agents at the direction of Louis
Freeh, ...
www.judicialwatch.org/archive/2001/printer_921.shtml
May 3, 2001 – Because of his corrupt behavior, Freeh was placed on Judicial Watch's ...
stated Judicial Watch Chairman and General Counsel Larry
Klayman. ...
www.wnd.com/index.php?pageId=5374
May 27, 2000 – By Larry
Klayman ...
While Judicial Watch has asked FBI Director Louis
Freeh to ....
lawsuits against a corrupt and unrepentant Clinton-Gore ...
cryptome.org/trulock-v-fbi.htm
LOUIS J. FREEH, in his personal capacity; NEIL
GALLAGHER, in his No. ... COUNSEL ARGUED: Larry E. Klayman, JUDICIAL WATCH, INC., Washing-
ton, D.C. ...
GOOGLE SEARCH – ‘LARRY KLAYMAN, LOUIS FREEH CORRUPT’
ABOUT 6,240 RESULTS (0.11 SECONDS)
archive.newsmax.com/articles/?a=2000/7/30/211047
Jul 31, 2000 – Judicial Watch is a public-interest
law firm that fights corruption in government. To read Larry
Klayman's letter
to Louis Freeh, ...
www.judicialwatch.org/archive/newsletter/2003/0203b.shtml
... security," said JW
Chairman Larry Klayman. "His behavior stands in stark contrast to Louis
Freeh, a man
so corrupt he destroyed the office he led, ...
www.freedomwriter.com/issue20/am15.htm
“Louis
Freeh will
finally have to answer in court for what he did to our clients. ... answers,”
stated Judicial Watch Chairman and General Counsel Larry
Klayman. ...
www.infowars.com/jw_transcript.htm
Klayman, Larry, Chairman, Judicial
Watch ... My name is Larry Klayman. ... interest group that
investigates and prosecutes government corruption and abuse. ...... They seized his
computer – these are FBI agents at the direction of Louis
Freeh, ...
www.judicialwatch.org/archive/2001/printer_921.shtml
May 3, 2001 – Because of his corrupt behavior, Freeh was placed on Judicial Watch's ...
stated Judicial Watch Chairman and General Counsel Larry
Klayman. ...
www.wnd.com/index.php?pageId=5374
May 27, 2000 – By Larry
Klayman ...
While Judicial Watch has asked FBI Director Louis
Freeh to ....
lawsuits against a corrupt and unrepentant Clinton-Gore ...
cryptome.org/trulock-v-fbi.htm
LOUIS J. FREEH, in his personal capacity; NEIL
GALLAGHER, in his No. ... COUNSEL ARGUED: Larry E. Klayman, JUDICIAL WATCH, INC., Washing-
ton, D.C. ...
America also leads in the illegal drug
trade. In fact, many researchers reveal that the war on drugs is only
utilized to control and monopolize the illicit drug trade. The US
government has been caught multiple times shipping
in cocaine [ http://www.youtube.com/watch?v=bQvbdiWgwsA , http://www.youtube.com/watch?v=UQNSoOX-dcw&feature=related , http://www.youtube.com/watch?v=gG1Id2qpSOE&feature=related , http://www.youtube.com/watch?v=tIEUhpxeuP4&feature=related , http://www.youtube.com/watch?v=DyM43Sw2OVc&feature=related ] , colluding
with certain cartels [ http://www.americanthinker.com/blog/2011/08/does_mexican_drug_cartel_have_deal_with_us_government.html ] to control the industry, and now
openly protects and
transports opium from Afghanistan
[ http://www.youtube.com/watch?v=ElEciFI0Pew ] . In
fact, Global Research points out that in 2001, “according to UN
figures, opium production had fallen to 185 tons. Immediately following the
October 2001 US led invasion, production increased dramatically, regaining its
historical levels.” This month, the U.N. announced that Afghanistan now
provides 93% of the world’s opium production [ http://www.nytimes.com/2011/10/12/world/asia/un-reports-sharp-rise-in-opium-production-in-afghanistan.html?_r=2&ref=world ] ; up 61% compared to 2010 to a whopping 5800 tons.
Although the empire tries to keep it secret, they can’t hide the
hypocrisy forever. [ website archived links http://albertpeia.com/uscocainedistributionfiles.htm
Robinson:
Which Mitt will we get? (Washington Post) [ I think the more
important and less speculative question is which con-man obama do we have?
Indeed, there is no speculating about the fact that wobama the b for b***s***
is without exception, a completely different obama from that personified by the
campaign promises and rhetoric last time around. In fact, except for profligate
spending on top of the already unbalanced fiscal approach of dumbya bush to
obfuscate his abject failure as president, wobama’s continued dumbya’s failed
policies to a ‘t’. Oh sure, you’ll get some of the ‘same old song’ from wobama with the election drawing
nye; nothing of which is even remotely within the possibility of passage, but,
as last time around, it sounds good on the campaign trail. If anything, praise
Mitt for giving Wobama a heads-up by informing him to ‘start packing’. I
thought that was the nice Mitt; and, truth be told, that’s not typical wobama
b***s***! Keep in mind, while being fiscally prudent as Governor; though
politically contraindicated he was compassionate as he deemed necessary for the
benefit of the vast majority in his state which set up this grueling primary
campaign in which he has clearly prevailed.
Just the opposite is true of wobama who despite rhetoric and (broken)
campaign promises, favored ie., the banksters, military industrial complex,
etc..
David Icke, Barack Obama: The
Naked Emperor Shocking but true revelations from David Icke| infra ‘...Obama is just more of the same, a
big smile with strings attached, and controlled completely by those that chose
him, trained him, sold him and provided his record funding, kept his many
skeletons under wraps, like the gay sex and crack cocaine .. Larry Sinclair
(from affidavit: 1. Who is Ron Allen that claims to be with your Presidential
camp, who is alleged to claim that someone claiming to represent me called
asking for $100,000, to keep me from coming forward about our (Obama and I)
November 1999 encounter of sex and cocaine use?), ... Obama is just another
Banksters' moll prostituting himself .., and that's why he supported the
grotesque bail-out of the banking system and why he will always put their
interests before the people. His financial advisors are straight from the Wall Street
'A' list, including Paul Adolph Volker
Obama,
Romney and the ultra-rich The candidates’ tax plans would have vastly
different outcomes for the wealthy, offering a window into their disparate
economic views. (Washington Post) [
Disparate economic views? For wobama, that’s as ephemeral as an election cycle
measured in months; after which, anything goes regardless of campaign promises,
as we’ve regretfully witnessed in wobama the b for b***s*** to the nation’s
profound detriment. After all, wobama has essentially continued, fatal foibles
and all, virtually all the policies of dumbya bush, and added even greater
obfuscating spending on top of that leaving the nation with an insurmountable
debt load and defacto bankruptcy (America’s
debt woe is worse than Greece’s News (CNN) — ‘Our government is
utterly broke…The government’s total indebtedness is $211 trillion’). Romney's
claim that Obama has raised taxes on ‘millions of Americans’FACT CHECKER |
There have been tax increases. But also lots of tax cuts. We do the math. (WP [
Well, the one math you didn’t do, and the one most important tax Mitt Romney
forgot to mention, is the inflation tax courtesy of wobama’s increase in the
nation’s deficit in an amount greater than all the nation’s previous presidents
since President General Eisenhower combined. And yes, inflation is a ‘tax’
(even bernanke admitted that) (see Inflation
Is A Tax And The Federal Reserve Is Taxing The Living Daylights Out Of Us http://albertpeia.com/inflationisatax.htm ) and it’s
already here (gas, meats, etc.), underreported, and will keep on coming in a
very big way. , The 15 Trillion Dollar
Party http://albertpeia.com/bankruptamericadestroyingthefuture.htm , http://albertpeia.com/obamadeceptionhighqualityversion.flv
http://albertpeia.com/impeachobama.htm
‘...North Carolina Republican Walter Jones’ efforts to bring the administration
to account for launching unconstitutional wars without the authorization of
Congress. Jones’
recently introduced resolution states that such actions represent “an
impeachable high crime and misdemeanor.”
The five
core reasons for impeachment proceedings to be launched can be summarized as
follows;
1) Despite promising otherwise, Barack
Obama committed U.S. military resources to overthrow Libyan leader Colonel
Gaddafi without any kind of congressional authorization whatsoever and without
citing any evidence that Libya under Gaddafi was a threat to the security of
the United States. Furthermore, Obama brazenly undermined the power of Congress
by insisting his authority came from the United Nations Security Council and
that Congressional approval was not necessary. “I don’t even have to get to the
Constitutional question,” Obama
churlishly remarked.
2) On New Years Eve 2011, Obama signed
into law the National Defense Authorization Act which includes provisions that
permit the abduction and military detention without trial of U.S. citizens.
Despite Obama claiming he would not use the provisions to incarcerate U.S.
citizens, it was
his administration that specifically demanded these powers be included in
the final NDAA bill.
3) The passage of the Obamacare
bill, under which Americans will be forced to buy health insurance, is clearly
anathema to the Constitution. “The individual mandate is unprecedented and
exceeds Congress’s power to regulate interstate commerce. If it is allowed to
stand, Congress will be able to impose any kind of economic mandate as part of
any kind of national regulatory scheme,” writes
Ilya Shapiro, a Senior Fellow in Constitutional
Studies, Cato Institute.
4) Obama’s role in the economic looting
of America since he took office is unprecedented. Specifically, Obama violated the
Constitution’s Takings and Due Process Clauses when he bullied the secured
creditors of automaker Chrysler
into accepting 30 cents on the dollar while politically connected labor unions
and preferential others received better deals.
5) Finally, Obama’s use of signing
statements shows his desire to continue in the vein of George W. Bush and rule
by executive fiat. This is a direct violation of Article II of the
Constitution…’
Al
Sharpton, power player Once a
pariah, everybody wants to be on his good side these days. (Washington Post) [ Speak for yourself
wobama-lover, Mr. Milbank. Power? More
than just a bit of a stretch; but, it is an unequivocal, sure sign as to how
far the nation’s fallen. Like wobama, the guy’s a con-man including the latest
‘Into the Hoods’; lest we forget http://albertpeia.com/tawana.htm . Then, there’s sharpton fan eric holder,
himself a proper candidate for impeachment (Sheriff: Fast and Furious Bigger Scandal Than Watergate http://www.prisonplanet.com/sheriff-fast-and-furious-bigger-scandal-than-watergate.html Watson | … calls for Holder to resign ); and,
of course, wobama of the same mold ( http://albertpeia.com/impeachobama.htm
‘...North Carolina Republican Walter Jones’ efforts to bring the administration
to account for launching unconstitutional wars without the authorization of
Congress. Jones’
recently introduced resolution states that such actions represent “an
impeachable high crime and misdemeanor.”
The five
core reasons for impeachment proceedings to be launched can be summarized as
follows:
1) Despite promising otherwise, Barack
Obama committed U.S. military resources to overthrow Libyan leader Colonel
Gaddafi without any kind of congressional authorization whatsoever and without
citing any evidence that Libya under Gaddafi was a threat to the security of
the United States. Furthermore, Obama brazenly undermined the power of Congress
by insisting his authority came from the United Nations Security Council and
that Congressional approval was not necessary. “I don’t even have to get to the
Constitutional question,” Obama
churlishly remarked.
2) On New Years Eve 2011, Obama signed
into law the National Defense Authorization Act which includes provisions that
permit the abduction and military detention without trial of U.S. citizens.
Despite Obama claiming he would not use the provisions to incarcerate U.S.
citizens, it was
his administration that specifically demanded these powers be included in
the final NDAA bill.
3) The passage of the Obamacare
bill, under which Americans will be forced to buy health insurance, is clearly
anathema to the Constitution. “The individual mandate is unprecedented and
exceeds Congress’s power to regulate interstate commerce. If it is allowed to
stand, Congress will be able to impose any kind of economic mandate as part of
any kind of national regulatory scheme,” writes
Ilya Shapiro, a Senior Fellow in Constitutional
Studies, Cato Institute.
4) Obama’s role in the economic looting
of America since he took office is unprecedented. Specifically, Obama violated
the Constitution’s Takings and Due Process Clauses when he bullied the secured
creditors of automaker Chrysler
into accepting 30 cents on the dollar while politically connected labor unions
and preferential others received better deals.
5) Finally, Obama’s use of signing
statements shows his desire to continue in the vein of George W. Bush and rule
by executive fiat. This is a direct violation of Article II of the
Constitution…’ ).
Parker:
Rosen vs. Romney — A faux ‘girl fight’ (Washington Post) [ Faux ‘girl fight’? Hardly! Fully intended as a
slight, the unintended consequences are significant! The Plum Line : The Morning Plum...over Hilary
Rosen and Ann Romney triggered reams of analysis echoing the GOP spin that
this... (WP) [ This is more than just GOP spin although the wobama spinmeisters
would like you to believe otherwise. It was a typical cheap shot meant to draw
contrasts with such as hillary clinton, michelle obama (see infra) which is
specious and foolhardy since on close inspection and analysis, such scrutiny
favors the honorable Ann Romney as it does hardworking housewives, mothers
everywhere. To coin a new phrase: ‘Housewife/Mother, the Oldest HONORABLE
Profession in the World’! Though too early to congratulate the new President
(as a matter of courtesy to Ron Paul who is starting to look foolish, even
leading some to wonder about the soundness of his positions owing to his age),
I disagree that this will be a close election which I believe will be a
blowout. Why? Because this is truly an existential moment for other than
wobama’s ‘black voting (for b.o. no matter what) block’ and the nation as we
once knew it and as well because of those legal / factual bases upon which the
sound call for wobama’s impeachment is predicated, http://albertpeia.com/impeachobama.htm
; in addition to the reality that wobama’s
failed miserably having been given the chance to do what he said he would do
but didn’t, which if he did do would have been the right course as we well now
know!
David Icke, Barack Obama: The
Naked Emperor Shocking but true revelations from David Icke| infra ‘...Obama is just more of the same, a
big smile with strings attached, and controlled completely by those that chose
him, trained him, sold him and provided his record funding, kept his many
skeletons under wraps, like the gay sex and crack cocaine .. Larry Sinclair
(from affidavit: 1. Who is Ron Allen that claims to be with your Presidential
camp, who is alleged to claim that someone claiming to represent me called
asking for $100,000, to keep me from coming forward about our (Obama and I)
November 1999 encounter of sex and cocaine use?), ... Obama is just another
Banksters' moll prostituting himself .., and that's why he supported the
grotesque bail-out of the banking system and why he will always put their
interests before the people. His financial advisors are straight from the Wall Street
'A' list, including Paul Adolph Volker (Trilateral Commission, Council on
Foreign Relations, Bilderberg Group), the head of the Federal Reserve from 1979
to 1987 and Illuminati to his fingertips. Obama has made him head of the
Economic Recovery Advisory Board, which is dominated by insiders, including its
staff director and chief economist, Austan Goolsbee, a close Obama associate
from the University of Chicago. Goolsbee is an initiate of the infamous Illuminati
Skull and Bones Society at Yale University, which also includes Boy and Father
Bush. It was Goolsbee who told the Canadian government not to worry about
Obama's attacks on the economic effects of free trade agreements because his
words were just to win votes in the election campaign. Another Wall Street
insider, the Zionist Timothy Geithner (Bilderberg Group, Trilateral Commission,
Council on Foreign Relations), was appointed by Obama to be his Treasury
Secretary. Geithner was the President of the New York Federal Reserve Bank, the
most powerful in the private Federal Reserve cartel that masquerades as
America's central bank, and he is a former employee of both the Council on
Foreign Relations and the appalling Kissinger Associates. Obama's Treasury team
locks into the inner circle around the Zionist Robert Rubin, the Director and
Senior Counselor of Citigroup, co-chairman of the Council on Foreign Relations,
and economic advisor to Obama. Rubin, a member of the Illuminati Bilderberg
Group, was the man behind Citigroup's strategy of expanding its risk in debt
markets which forced it to be rescued by taxpayers' money. The very people who
caused the financial crisis are being appointed by Obama to decide how to
respond to it (more taxpayers' money for them and their friends)’
More
Republicans say Afghan war not worth fighting, poll shows The Post-ABC News
findings come as U.S. efforts in Afghanistan emerge as key battle in
presidential race. ‘Then why are we there?’ (Washington Post) [ Why are we there? Geeh, if
only that was a question without an obvious answer, defacto bankrupt
america/eu/west might be forgiven. But alas, this ‘tiny little’ malevolent
thing at roughly 3% GDP involving hundreds of billions of taxpayer dollars at a
pop called the ‘military industrial complex’, warned against by the great but
substantially underrated President General Eisenhower, is hardly hidden from
view. As a matter of fact, especially given nato’s and america’s particularly,
collective defacto bankruptcy, it’s shocking they’re there at all, much less
still there. America’s
debt woe is worse than Greece’s News (CNN) — ‘Our government is
utterly broke…The government’s total indebtedness is $211 trillion’.
10 Signs That America Is Decomposing Right In
Front Of Our Eyes http://albertpeia.com/10signsamericadecomposing.htm
, USA
#1? 40 Embarrassing Things That America Is The Best In The World At http://albertpeia.com/40badthingsusabest.htm , They Love Death http://albertpeia.com/theylovedeath.htm
Milbank:
Santorum’s Gettysburg surrender
(Washington Post) [ Yes, indeed! You can almost see wobama aficionado/apologist
Mr. Milbank gritting his teeth in disappointment that Rick Santorum can no
longer be counted on as at least a nominally foolish but not real spoiler as
Mr. Milbank’s hopes for same now rest upon the slimy newt and Ron Paul who are
looking more foolish by the day in pressing forward as if imbued with the
spirit of Don Quixote while straining however implausibly to become wobama’s
best friends. They are really beginning to look very foolish indeed!
More
Americans expect health-care ruling to be political Half of the public expects
the Supreme Court justices to rule mainly based on their “partisan political
views,” a Post-ABC News poll reveals. ‘A corrupt political system’ (Washington Post) [ Well, here’s a poll that
even mainstream media jokemeister abc with sidekick the Post can do without
‘cherry-picking’ the polled to come up with the clear, ineluctable, correct
result. Yeah, the american political system is corrupt. But, not just the
political system ( http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm
); rather, the entire american system, all three branches of government,
executive, legislative, and judicial are unequivocally corrupt (throw in as
well here, so-called private enterprise, ie., the bailed out huge frauds on
wall street, military industrial complex, illegal drug trade by the government,
etc.). That’s certainly consistent with my direct experience and I’d swear to
it on a Bible. http://albertpeia.com/fbimartinezcongallard.htm
America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious
freedom, freedom generally did they come to these shores. A rare exception to
the influx of immigrants to this young nation who turned out to be more a virus
to the indigenous peoples of this land than what could have been expected from
those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those
so positioned abroad would have represented a positive addition to the gene
pool which, borrowing from an insurance term, viz., adverse selection, springs
forth the notion of inevitability to the genocide of the indigenous populations
while guaranteeing the decline we see throughout this foundering nation. The
effects of these negative predispositions toward inherent criminality is
certainly being felt globally as well as domestically and has little to
recommend it. My own direct experience with the region(s) (particularly new
jersey, new york, virginia, connecticut, california) carves out no exception
for the prevalence of the worst of human nature; which is now collectively and
pervasively americana. Though having but 5% of the world’s population, the u.s.
has 76% of the world’s serial killers,
http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall
Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic
reality [ http://albertpeia.com/grimreality.htm
Rank |
|
||
# 1 |
11,877,218 |
|
|
# 2 |
6,523,706 |
|
|
# 3 |
6,507,394 |
|
UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall
Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Sargent:
Will Romney be allowed to change?
(Washington Post) [ What does it matter and why the speculation since from the
moment he was sworn to present there’s been an astounding metamorphosis of
wobama into the lying, jive-talking weasel-worm he’s proven to be. Whatever
Romney is will always exceed what wobama is and purports to be. Wobama’s failed
miserably having been given the chance to do what he said he would do but
didn’t, which if he did do would have been the right course as we well know
now.
Obama
holds key leads over Romney on top issues, personal traits But contest is
more competitive when it comes to economy, jobs, according to new Post-ABC News
poll. (Washington Post) [ I don’t
believe these polls as favor obama for even a second. While it may seem unfair
to single out abc inasmuch as any mainstream news disseminator is as
unreliable, the fact is that while there are many stupid people in america,
there really aren’t that many people who are that stupid. The fact is that the
guy they know (‘ devil that you know verses the devil that you don’t ‘) is so
bad and without any integrity whatsoever and such a proven failure, that only the dumbest fool could
invite the fool me twice scenario with wobama the b for b***s*** who has broken
virtually every campaign promise on which he ran and was elected; and as it has
turned out, to the nation’s substantial detriment. Mainstream media is a total
joke and a testament to how far the nation has fallen. There’s no downside to
Romney because there’s no upside to wobama, the jive-talking black man as he
reminds us as he did when he reminded us that that if he had a son, he’d look
like that little thief/would have been future criminal trayvon martin. As for
the Post, almost everything seems controversial these days and their comment
section for the more controversial topics is down/not working/doesn’t post more
often than not and I no longer even bother with, waste my time alerting them to
the problems. Virtually every criticism of Romney is in the realm of wobama’s
been there done that; including the purported cozy relationship with wall
street as we all wait for wobama’s promised prosecutions at the highest levels
… don’t hold your breath. Personal traits? I’ll take the guy who was a former
missionary. Should he be punished for a less than sordid background: http://albertpeia.com/obamadeceptionhighqualityversion.flv
www.snopes.com/politics/obama/muslim.asp
His
mother then married
Lolo Soetoro, a RADICAL Muslim from Indonesia. ... Barack Obama's
parents separated when
he was two years old, his father
moving to ....
en.wikipedia.org/wiki/Barack_Obama,_Sr.
Later,
while
Obama Sr. was married
to his third wife, Kezia had Abo and Bernard .... from my mother
when I was 2 years old; in any event, although my father had ...
www.reformation.org/frank-marshall-davis-obama.html
by
A Paradise - Related
articles
Obama
cannot change the fact that he is illigetimate, but it is not too late for him to forsake
his ... on his mother's side, Stanley Dunham, was a close
friend of father Frank. ... In
1946, Obama's
father married 23 year old Helen Canfield in Chicago.
.... It was during one such free
love affair
that University of Hawaii student Ann ...
topics.nytimes.com/topics/reference/.../b/...obama.../index.html
In
his memoir, "Dreams From My Father,"
Barack Obama
conjures up an ... In 1961, the
short-lived marriage
produced a son, also named Barack. ...
When
his mother
returned to Indonesia to do field work for her degree, ..... foreign affairs,
helping to parry Mr. McCain's attacks that Mr. Obama was too light on national security.
www.npr.org › Arts
& Life › Books
› Author
Interviews
May
3, 2011 – Politics & Public Affairs · Romance · Science Fiction &
Fantasy · Science & ... Obama said yes, and in 1995, his book Dreams
from My Father
was published. ... But the characterizations of Obama's mother — first as
"a white anthropologist ...
Three months pregnant with their child, she married him in 1961.
isteve.blogspot.com/.../barack-obamas-mom-was-17-when-barack-sr....
May
14, 2008 – When
examined carefully, their affair
turns out to be a sordid one, with disastrous ... Meanwhile, the candidate's mother married an
Indonesian guy who tried to ....
Obama
is not responsible for his sleezy father
or flaky mother.
www.lrb.co.uk/v34/n01/jackson-lears/a-history-of-disappointment
Jan
5, 2012 – In domestic affairs, Obama's obeisance to the Washington consensus
led ... Two recent books,
biographies of his father
and his mother,
may help to ... a hopeless
drunk, recently married
and a new father but
estranged from ...
www.wnd.com/2008/03/59850/
Mar
25, 2008 – In truth, Barack Obama senior, Obama's father, was a
polygamist who had ... While at Harvard, Obama senior had an affair with yet another woman, ... whom he met at Harvard while yet married to Obama's mother and to his
...
barackobamabiography.org/
Born
to a Kenyan father
and an American mother, Barack Obama
has a ... Obama's mother married an
Indonesian student Lolo Soetoro while
they were in .... and Committee
on Homeland Security and Government Affairs
at the start of 2007.
www.archives.com/.../presidential-candidates-barack-obama-2012.ht...
President
Barack Obama
has a fascinating family tree with ties to Africa and to a ... his mother to Indonesia when he was six years old to join his step-father Lolo ... when
he married
Dunham, and the marriage
failed quickly after Obama
was born. ... of Chicago
Hospitals for Vice President of Community and External Affairs, ...
David Icke, Barack Obama: The
Naked Emperor Shocking but true revelations from David Icke| infra ‘...Obama is just more of the same, a
big smile with strings attached, and controlled completely by those that chose
him, trained him, sold him and provided his record funding, kept his many
skeletons under wraps, like the gay sex and crack cocaine .. Larry Sinclair
(from affidavit: 1. Who is Ron Allen that claims to be with your Presidential
camp, who is alleged to claim that someone claiming to represent me called
asking for $100,000, to keep me from coming forward about our (Obama and I)
November 1999 encounter of sex and cocaine use?), ... Obama is just another
Banksters' moll prostituting himself .., and that's why he supported the
grotesque bail-out of the banking system and why he will always put their interests
before the people. His financial advisors are straight from the Wall Street
'A' list, including Paul Adolph Volker (Trilateral Commission, Council on
Foreign Relations, Bilderberg Group), the head of the Federal Reserve from 1979
to 1987 and Illuminati to his fingertips. Obama has made him head of the
Economic Recovery Advisory Board, which is dominated by insiders, including its
staff director and chief economist, Austan Goolsbee, a close Obama associate
from the University of Chicago. Goolsbee is an initiate of the infamous
Illuminati Skull and Bones Society at Yale University, which also includes Boy
and Father Bush. It was Goolsbee who told the Canadian government not to worry
about Obama's attacks on the economic effects of free trade agreements because
his words were just to win votes in the election campaign. Another Wall Street
insider, the Zionist Timothy Geithner (Bilderberg Group, Trilateral Commission,
Council on Foreign Relations), was appointed by Obama to be his Treasury
Secretary. Geithner was the President of the New York Federal Reserve Bank, the
most powerful in the private Federal Reserve cartel that masquerades as
America's central bank, and he is a former employee of both the Council on
Foreign Relations and the appalling Kissinger Associates. Obama's Treasury team
locks into the inner circle around the Zionist Robert Rubin, the Director and
Senior Counselor of Citigroup, co-chairman of the Council on Foreign Relations,
and economic advisor to Obama. Rubin, a member of the Illuminati Bilderberg
Group, was the man behind Citigroup's strategy of expanding its risk in debt
markets which forced it to be rescued by taxpayers' money. The very people who
caused the financial crisis are being appointed by Obama to decide how to
respond to it (more taxpayers' money for them and their friends)’
http://albertpeia.com/obamadeceptionhighqualityversion.flv
Robert
Burt: Should God be obeyed?
(Washington Post) [ The ‘politically correct’ answer is of course, ‘Of Course’.
But, of course, saying so won’t change the fact that they won’t. The grim reality
for this planet which boasts a dominant species descended from initially
notochords, primitive chordates, and relatively more recently primitive apes,
is that at this point, it really no longer matters. Think decades, at best;
which, is not a forbearance, but rather, time for tribulation, suffering,
‘payback’, etc.; for example, think algorithyms (I’ve not really pondered the
math closely) as in, ie., a month’s tribulation for every minute of Christ’s
suffering, etc.. As I’ve previously written:
What
Sarah Palin's "Today Show" appearance proves (Washington Post) [ More than anything else,
it proves that ‘dumb’ sells in america. ‘You know it when you see it’ (supreme
court obscenity test of old) kind of dumb that’s funny because it’s ‘you can’t
make this stuff up’ kind of dumb/funny. Sweet sister sarah, hypocrite
extraordinaire with closet skeletons to spare, we gotta’ at least wonder
whether Alan West whom she ‘endorsed’/recommended for the VP nod had been one
of her black lovers. Of course, that would in fact be stupid because wobama
will get near 100% of the black vote for no reason other than the fact that
he’s black. But who’s listening to pickled-brain palin who has no credibility
in reality whatsoever but provides great source material for comedy as SNL of
which she’s quite proud, media hound that she is and as the article points out.
Joe McGinniss Sarah Palin Book, 'The Rogue,' Makes
Controversial Claims About Former Alaska Governor ‘Joe
McGinniss's new book, The Rogue: Searching for the Real Sarah Palin,
hits bookstores next week, but its controversial claims about the former Alaska governor are
already making waves.
In the book, McGinniss
writes that Palin had a one-night stand in 1987 with future NBA basketball
player Glen Rice nine months before she married her husband Todd. He quotes a
friend who said Palin "had a fetish for black guys for a while."
"She was a gorgeous
woman. Super nice. I was blown away by her," Rice tells McGinniss in the
book, NBC reports. "Afterward, she was a big crush that I had."
McGinniss's book also
alleges that Palin had an extramarital affair with her husband's business
partner, Brad Hanson, in the mid-1990s, and snorted cocaine off a 55-gallon oil
drum while snowboarding.
"An utter fraud. An
absolute and utter fraud," McGinniss calls Palin in an interview about the book with NBC.
"At best, she's a
hypocrite," McGinniss tells NBC's Savannah Guthrie. "At worst, she's
a vindictive hypocrite."
McGinniss famously moved into a house next door to Palin's Wasilla, Alaska home
to write his book -- prompting the Palins to accuse him of stalking them. They built a high fence along their property to protect their
privacy.
In response to
McGinniss's book, Todd Palin gave a statement to NBC saying that McGinniss "spent the
last year interviewing marginal figures with an axe to grind in order to churn
out a hit piece to satisfy his own creepy obsession with my wife."
"I'd ask the
fathers and husbands of America to consider our privacy when one summer day I
found this guy on the deck of the rental property, just 18 feet away next door
to us, staring like a creep at my wife while she mowed the lawn in her
shorts," Palin said.
McGinniss says that
anything he learned about Palin by living next door did not make it into the
book, but he does become a character in the story himself.
The New York Times
writes in its review:
Soon Mr. McGinniss is
settling in to enjoy the fuss his mere presence has created. "Normally,
for a news story to continue beyond the first 24-hour news cycle, something
newsworthy must occur," he writes loftily, but "The Rogue" is
filled with proof to the contrary. What was his hate mail like? He quotes it.
What did Glenn Beck call him? That’s here too. Who took umbrage at this venom
and chose to help him? One man offered him a hideout, despite Mr. McGinniss's
slight skepticism about his motives. "But you don’t know me," Mr.
McGinniss protested.
McGinniss's book is
scheduled to hit bookstores on Tuesday, Sept. 20.’
The Rogue: Searching For The Real Sarah Palin' Cover Revealed Call it Palin Noir. Joe McGinniss' upcoming biography of Sarah Palin has a cover design more fitting for a detective novel. It has a bold...
Joe
McGinniss, Palin Neighbor & Author, Leaving Wasilla To Write Book ANCHORAGE, Alaska — Sarah Palin can take down the
fence. Palin's neighbor of three months on Wasilla's Lake Lucille, author Joe
McGinniss, is packing his...
Bristol Palin Interview Accidentally Reveals Mother's 15
Abortions WASILLA,
AK—Sarah Palin's political team was forced to do emergency damage control
Monday after the former Alaska governor's daughter Bristol accidentally
divulged on live television that her mother has undergone at least 15 abortions
over the past 30 years. "She's always telling me how special I am,
especially considering the five or six babies she aborted before I was
born," Palin, 20, said during a CNN interview in which she was asked if
she thought her mother would make a good president. "Then of course there
were the twins she aborted shortly after having me, another four abortions
after Willow somehow survived hers—but anyway, she's a wonderful mom. She just
gets pregnant a lot and doesn't always want to have the baby." Palin also
commended her mother's strength in carrying three babies with Down syndrome to
term, and then even choosing not to give Trig up for adoption like the others.
Henry
Kissinger: A new intervention doctrine? (Washington Post) [ How does anyone still listen to this guy? He’s been
a major part of america’s past giving rise to current failure and decline! A
product of gimmicks, soundbites, and media revelry, this warmongering, neocon
zionist has in self-interested fashion led the nation down the wrong path at
every turn. As a matter of disclosure, I did not read his article because there
is nothing he could write or say that’s worth reading or hearing. SHOCK POLL:
Afghan war support DOWN TO 25%...
America’s
debt woe is worse than Greece’s News (CNN) — ‘Our government is
utterly broke. There are signs everywhere one looks…The government’s total
indebtedness is $211 trillion’
It’s
lights out for Earth HourPHOTOS | From China’s Great Wall to Washington’s
National Cathedral, landmarks around the world shine a spotlight on climate
change by going dark. (Washington Post) [ No, it’s too soon! Decades
at best, then … lights out for earth!
The
best investment in U.S. politics? How donors shape judicial elections.
Low-profile judicial races are now under the spotlight as super PACs set sights
on controlling the courts. (Washington
Post) [ And not just the overt donors; ie., the super PACs alluded to here.
I’ve seen it first hand and the bribery one way or another is pervasive and
brazened; almost as if an expectation consistent with a sense of entitlement (to
the bribes). And not just the ‘low profile’ races; but as well, the high
profile appointments, including at the highest levels. http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm
.
October 15, 2010 (*see infra {ultimately delivered by
UPS})
Steven M. Martinez, Assistant Director In Charge
Federal Bureau of Investigation, USDOJ
11000 Wilshire Blvd., Suite 1700
Los Angeles, CA 90024
Dear Sir:
I enclose herewith 3 copies of the within DVD rom
autorun disk (which will open in your computer’s browser) as per your office’s
request as made this day (the disk and contents have been scanned by Avast,
McAfee, and Norton which I’ve installed on my computer to prevent viral attacks
/ infection and are without threat). I also include 1 copy of the DVD as filed
with the subject court as referenced therein (which files are also included on
the aforesaid 3 disks in a separate folder named ‘112208opocoan’). The (civil)
RICO action (as you’re aware, the RICO Act is a criminal statute which provides
a civil remedy, including treble damages and attorney fees, as an incentive for
private prosecution of said claims probably owing to the fact that the USDOJ
seems somewhat overwhelmed and in need of such assistance given the seriousness
and prevalence of said violations of law which have a corrupting influence on
the process, and which corruption is pervasive). A grievance complaint against
Coan was also filed concurrently with the subject action and held in abeyance
pending resolution of the action which was illegally dismissed without any
supporting law and in contravention of the Order of The Honorable Robert N.
Chatigny, Chief Judge, USDC, District Connecticut. The files below the
horizontal rule are the referenced documents as filed. (Owing to the damage to
the financial interests of both the U.S. and the District of Congresswoman
Roybal-Allard, viz., Los Angeles, the Qui Tam provisions of the Federal False Claims Act probably would apply and I
would absent resolution seek to refer the within to a firm with expertise in
that area of the law with which I am not familiar).
The document in 5 pages under penalty of perjury I
was asked to forward to the FBI office in New Haven is probably the best and
most concise summary of the case RICO Summary to FBI Under Penalty of
Perjury at Their Request (5 pages) [
ricosummarytoFBIunderpenaltyofperjury.pdf http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf
].
The correspondence I received from the Congresswoman
by way of email attachment (apparent but typical problem with my mail) along
with my response thereto is included on the 3 disks as
fbicorrespondencereyes.htm . With regard to
the calls to the FBI’s LA and New Haven, CT offices: There was one call to the
LA office and I was referred to the Long Beach, CA office where I personally
met with FBI Agent Jeff Hayes to whom I gave probative evidentiary documents of
the money laundering which he confirmed as indicative of same (he was transferred
from said office within approximately a month of said meeting and his location
was not disclosed to me upon inquiry). The matter was assigned to FBI Agent Ron
Barndollar and we remained in touch for in excess of a decade until he abruptly
retired (our last conversation prior to his retirement related to the case and
parenthetically, Rudy Giuliani whose father I stated had been an enforcer for
the mob to which he registered disbelief and requested I prove it, which I did
– he served 12 years in prison, aggravated assault/manslaughter? – and no,
there is no Chinese wall of separation – Andrew Maloney’s the one that
prosecuted gotti).
In contradistinction to the statement in said
correspondence, there is a plethora of information including evidence supporting
the claims set forth in the RICO
VERIFIED COMPLAINT (see infra). Such includes and as
set forth in the case, inter alia,
There is applicable insurance / surety coverage and
neither LA, nor creditors, nor I should continue to have been damaged by this
brazened corrupt and illegal scenario, which should be resolved in accordance
with the meaningful rules of law apposite thereto.
Sincerely,
Albert L. Peia
611 E. 5th Street, #404
Los Angeles, CA 90013
(213) 219-**** (cell phone)
(213) 622-3745 (listed land line but there are
unresolved problems with the line, computer connection may be the reason but I
hesitate to chance greater non-performance / worsening by their ‘fix’ so cell
phone best for contact).{recent change 323-786-6651 -magic jack}
----------
*The foregoing and as indicated therein was
previously send 9-14-10 but delivery confirmation was flawed as set forth below
and my inquiries to the u.s. postal service rebuffed (I believe tampered with
inasmuch as your office could not locate same). This cover letter (9-13-10) is on
the 3 disks with navigable hyperlinks to the subject files for ease of
reference, including the files in the RICO action as indicated. (10-15-10) I
spoke with Rose, FBI, ADIC Secretary, who indicates once again that your office
has not received the aforesaid and which can reasonably be presumed to have
been tampered with, and hence, a violation of the federal statute concerning
same. (Ultimately delivered by UPS) ]
Repeal
‘Stand Your Ground’ As Trayvon Martin’s death shows, such laws are a
license to kill. (Washington Post) [ Well, the fact is that
criminals who make neighborhood watch necessary need no licenses to kill.
Indeed, this 3-24-12 robbery/murder by a black of a white store-owner who
complied with all the killer’s demands and offered no resistance or provocation
and complete compliance, was killed by the ‘rabid dog’ anyway. At some point
rational people must say, ‘thus far and no further’! Stand your ground must
stand! People should be more objective, and not base their opinions as this
clearly on shades of race and inherent bias alone! UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE...(WP) ‘ignore cases that involve black
defendants and white victims’
Drudgereport: Black
Panthers offer $10,000 bounty for 'capture' of Trayvon Martin's killer … [ who
do these blacks think they are? ] Take a look at this black who kills a white
man during robbery, without any provocation from the victim ... http://albertpeia.com/typicalblackmanonneighborhoodwatch.htm
Zimmerman
claims Martin started confrontation, broke his nose Attorney for man who shot teen says client
also suffered injuries to head; boy’s parents dispute account. (Washington Post) [ I
believe Zimmerman and as well, the eyewitness to the incident. Drudgereport:
COPS:
Zimmerman says Trayvon decked him with one blow then began hammering his head
on sidewalk...
'Suffered
broken nose and had injury to back of head'...
Martin had
been suspended from school for marijuana...
Black
Panthers offer $10,000 bounty for 'capture' of Trayvon Martin's killer … [ who
do these filthy niggers think they are? ] Take a look at this nigger who kills
a white man during robbery, without any provocation from the victim ... http://albertpeia.com/typicalblackmanonneighborhoodwatch.htm
Shooter of
Florida teen not a racist, lawyer says...
SECRET
WITNESS: Self-defense... [Witness:
Martin attacked ZimmermanUpdated: Monday, 26 Mar 2012, 2:57 PM EDT
ORLANDO - A witness we haven't heard from before paints a much different
picture than we've seen so far of what happened the night 17-year-old Trayvon
Martin was shot and killed.The night of that shooting, police say there was a
witness who saw it all.Our sister station, FOX 35 in Orlando, has spoken to
that witness.What Sanford Police investigators have in the folder, they put
together on the killing of Trayvon Martin few know about.The file now sits in
the hands of the state attorney. Now that file is just weeks away from being
opened to a grand jury.It shows more now about why police believed that night
that George Zimmerman shouldn't have gone to jail.Zimmerman called 911 and told
dispatchers he was following a teen. The dispatcher told Zimmerman not to.And
from that moment to the shooting, details are few.But one man's testimony could
be key for the police."The guy on the bottom who had a red sweater on was
yelling to me: 'help, help…and I told him to stop and I was calling 911,"
he said.Trayvon Martin was in a hoodie; Zimmerman was in red.The witness only
wanted to be identified as "John," and didn't not want to be shown on
camera.His statements to police were instrumental, because police backed up
Zimmerman's claims, saying those screams on the 911 call are those of
Zimmerman."When I got upstairs and looked down, the guy who was on top
beating up the other guy, was the one laying in the grass, and I believe he was
dead at that point," John said.Zimmerman says the shooting was self
defense. According to information released on the Sanford city website,
Zimmerman said he was going back to his SUV when he was attacked by the
teen.Sanford police say Zimmerman was bloody in his face and head, and the back
of his shirt was wet and had grass stains, indicating a struggle took place
before the shooting.’ ] Trayvon Martin shooter: Teen went for my gun
http://abclocal.go.com/kabc/story?section=news/local/los_angeles&id=8594147
http://albertpeia.com/typicalblackmanonneighborhoodwatch.htm
‘Timothy Johnson, 24, is shown in this 2007 mugshot provided by the Los Angeles
County Sheriff's Department.’ (KABC Photo) Calif. (KABC) – ‘Sheriff's officials released the
name of the man they say shot and killed the owner of a computer shop in
Lancaster.
The suspect was identified as 24-year-old Timothy
Johnson, described as being 6 feet 2 inches tall, weighing about 170 pounds
with a dark complexion (negro-black) and a closely shaved head.
Detectives say Johnson reportedly entered eChaps
Computers and More at 2007 W. Avenue K on Friday, shot and killed store owner
Reed Lewis Keith and left with stolen electronics in hand.
Johnson reportedly fled in a black, 1980s model
four-door car driven by an accomplice. Investigators said Johnson was wearing a
black hooded sweatshirt and a ski mask at the time of the robbery…’
German
town fears loss of U.S. Army base will shake loose longtime U.S. tilt Baumholder’s identity may no longer be tied
up in red, white and blue as it braces for Pentagon cutbacks. (Washington Post) [ Oh come on! You’ve been
reading too much american propaganda. Of all places, Germany. I think they’ll
get by. I think they’ll manage. I think they’ll survive. Moreover, there’s not
the slightest doubt in my mind that the Germans will be glad to see the
american troops go, beyond the propaganda which is in no short supply here.
Fears? I doubt it. Some minimal financial pain requiring rather simple
adjustment? Maybe, but worth it for them. 10
Reasons Why The Reign Of The Dollar As The World Reserve Currency Is About To Come
To An End http://albertpeia.com/10reasonsdollarreservecurrencyending.htm
, TBTF
Get TBTFer: Top 5 Banks Hold 95.7%, Or $221 Trillion, Of Outstanding
Derivatives Durden
3-26-12 , 10
Reasons Why The Reign Of The Dollar As The World Reserve Currency Is About To
Come To An End http://albertpeia.com/10reasonsdollarreservecurrencyending.htm
, (
America’s
debt woe is worse than Greece’s News
(CNN) — ‘Our government is utterly broke…The government’s total indebtedness is
$211 trillion’
)
For
U.S., bad news on Afghanistan war continues (Washington Post) [ Yes, indeed it does; continue that is, that bad
news…except for the heroin trade which is booming, a source of pride for ‘the
world’s policeman’ aka the pervasively corrupt, defacto bankrupt disunited
states of america, aka the clichéd quintessential ‘corrupt cop’. Drug
war hypocrisy: drug trafficking’s big money benefits Big Brother and corrupt
banksters PF Louis | The hypocrisy of the war
on drugs is centers on the amount of drug trafficking that benefits the CIA and
international banking system. Natural
News February 1, 2012 [ http://albertpeia/americangovernmentdrugtrafficking.htm http://albertpeia/americascorruptiondrugtrade.htm http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm
http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm
] ‘The hypocrisy of the war on drugs is
outrageous when compared to the amount of drug trafficking that benefits the
CIA and international banking system. The son of a convicted notorious mobster,
John Gotti Jr, when asked in court if the family still dealt drugs cracked,
“No, we can’t compete with the government.”
(America also leads in the illegal drug trade. In fact,
many researchers reveal that the war on drugs is only utilized to control and
monopolize the illicit drug trade. The US government has been caught
multiple times shipping in cocaine [ http://www.youtube.com/watch?v=bQvbdiWgwsA , http://www.youtube.com/watch?v=UQNSoOX-dcw&feature=related , http://www.youtube.com/watch?v=gG1Id2qpSOE&feature=related , http://www.youtube.com/watch?v=tIEUhpxeuP4&feature=related , http://www.youtube.com/watch?v=DyM43Sw2OVc&feature=related ] , colluding
with certain cartels [ http://www.americanthinker.com/blog/2011/08/does_mexican_drug_cartel_have_deal_with_us_government.html ] to control the industry, and now
openly protects and
transports opium from Afghanistan
[ http://www.youtube.com/watch?v=ElEciFI0Pew ] . In
fact, Global Research points out that in 2001, “according to UN
figures, opium production had fallen to 185 tons. Immediately following the
October 2001 US led invasion, production increased dramatically, regaining its
historical levels.” This month, the U.N. announced that Afghanistan now
provides 93% of the world’s opium production [ http://www.nytimes.com/2011/10/12/world/asia/un-reports-sharp-rise-in-opium-production-in-afghanistan.html?_r=2&ref=world ] ; up 61% compared to 2010 to a whopping 5800 tons.
Although the empire tries to keep it secret, they can’t hide the
hypocrisy forever. [ website archived links http://albertpeia.com/uscocainedistributionfiles.htm )
Will:
Those pesky things called laws
(Washington Post) [ Come on Mr. Will! This is america, the ‘meaningfully
lawless’ land, you’re talking about! Oh
yeah, there are loads of laws; yet, even arbitrary enforcement at best is hard
to come by. After all, the biggest wall street frauds in the trillions have yet
to be prosecuted, et cetera, et cetera:
Repeal
‘Stand Your Ground’ As Trayvon Martin’s death shows, such laws are a
license to kill. (Washington Post) [ Well, the fact is that
criminals who make neighborhood watch necessary need no licenses to kill.
Indeed, this 3-24-12 robbery/murder by a black of a white store-owner who complied
with all the killer’s demands and offered no resistance or provocation and
complete compliance, was killed by the ‘rabid dog’ anyway. At some point
rational people must say, ‘thus far and no further’! Stand your ground must
stand! People should be more objective, and not base their opinions as this
clearly on shades of race and inherent bias alone! UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE...(WP) ‘ignore cases that involve black
defendants and white victims’
Zimmerman
claims Martin started confrontation, broke his nose Attorney for man who shot teen says client
also suffered injuries to head; boy’s parents dispute account. (Washington Post) [ I
believe Zimmerman and as well, the eyewitness to the incident. Drudgereport:
COPS:
Zimmerman says Trayvon decked him with one blow then began hammering his head
on sidewalk...
'Suffered
broken nose and had injury to back of head'...
Martin had
been suspended from school for marijuana...
Black
Panthers offer $10,000 bounty for 'capture' of Trayvon Martin's killer … [ who
do these filthy niggers think they are? ] Take a look at this nigger who kills
a white man during robbery, without any provocation from the victim ... http://albertpeia.com/typicalblackmanonneighborhoodwatch.htm
Shooter of
Florida teen not a racist, lawyer says...
SECRET
WITNESS: Self-defense... [Witness:
Martin attacked ZimmermanUpdated: Monday, 26 Mar 2012, 2:57 PM EDT
ORLANDO - A witness we haven't heard from before paints a much different
picture than we've seen so far of what happened the night 17-year-old Trayvon
Martin was shot and killed.The night of that shooting, police say there was a
witness who saw it all.Our sister station, FOX 35 in Orlando, has spoken to
that witness.What Sanford Police investigators have in the folder, they put
together on the killing of Trayvon Martin few know about.The file now sits in
the hands of the state attorney. Now that file is just weeks away from being
opened to a grand jury.It shows more now about why police believed that night
that George Zimmerman shouldn't have gone to jail.Zimmerman called 911 and told
dispatchers he was following a teen. The dispatcher told Zimmerman not to.And
from that moment to the shooting, details are few.But one man's testimony could
be key for the police."The guy on the bottom who had a red sweater on was
yelling to me: 'help, help…and I told him to stop and I was calling 911,"
he said.Trayvon Martin was in a hoodie; Zimmerman was in red.The witness only
wanted to be identified as "John," and didn't not want to be shown on
camera.His statements to police were instrumental, because police backed up
Zimmerman's claims, saying those screams on the 911 call are those of
Zimmerman."When I got upstairs and looked down, the guy who was on top
beating up the other guy, was the one laying in the grass, and I believe he was
dead at that point," John said.Zimmerman says the shooting was self
defense. According to information released on the Sanford city website,
Zimmerman said he was going back to his SUV when he was attacked by the teen.Sanford
police say Zimmerman was bloody in his face and head, and the back of his shirt
was wet and had grass stains, indicating a struggle took place before the
shooting.’ ] Trayvon Martin shooter: Teen went for my gun
http://abclocal.go.com/kabc/story?section=news/local/los_angeles&id=8594147
http://albertpeia.com/typicalblackmanonneighborhoodwatch.htm
‘Timothy Johnson, 24, is shown in this 2007 mugshot provided by the Los Angeles
County Sheriff's Department.’ (KABC Photo) Calif. (KABC) – ‘Sheriff's officials released the
name of the man they say shot and killed the owner of a computer shop in
Lancaster.
The suspect was identified as 24-year-old Timothy
Johnson, described as being 6 feet 2 inches tall, weighing about 170 pounds
with a dark complexion (negro-black) and a closely shaved head.
Detectives say Johnson reportedly entered eChaps
Computers and More at 2007 W. Avenue K on Friday, shot and killed store owner
Reed Lewis Keith and left with stolen electronics in hand.
Johnson reportedly fled in a black, 1980s model
four-door car driven by an accomplice. Investigators said Johnson was wearing a
black hooded sweatshirt and a ski mask at the time of the robbery…’
New Black Panthers Call for Vigilante Justice in Trayvon
Martin Case Kurt Nimmo
| “An eye for an eye, a tooth for a tooth,” declares Mikhail Muhammad, leader
of the group.
People have become weary of making
up excuses for blacks (like obama, holder, etc.). At some point, as now, people
should not be timid about relating the cold, unvarnished truth statistically /
factually about blacks and, ie., black
on white violent crime, etc..
From Pat Buchanan: As for
racism, its ugliest manifestation is in interracial crime, and especially
interracial crimes of violence. Is Barack Obama aware that while white
criminals choose black victims 3 percent of the time, black criminals choose
white victims 45 percent of the time? Is Barack aware that black-on-white rapes
are 100 times more common than the reverse, that black-on-white robberies were
139 times as common in the first three years of this decade as the reverse? We
have all heard ad nauseam from the Rev. Al about Tawana Brawley, the Duke rape
case and Jena. And all turned out to be hoaxes. But about the epidemic of black
assaults on whites that are real, we hear nothing.
APNewsBreak: Marine critical of Obama faces charge [ This one caught my eye. While it is true that good
soldiering requires absolute discipline by definition, oaths should be taken
seriously, honored, and given effect. That said, burning Qurans was the product
I assume of orders reflecting even more than just stupidity; hence, whoever
gave the order should pay the piper. If
no order, and stupidity as with urinating on the bodies of the dead, can and
should the actors be held accountable for such gross stupidity? Absolutely! However,
one must be mindful of the reality that marines invariably have ‘skin in the
game’ when it comes to consequences of commanders in chief incompetence,
unlawful acts, poor judgment particularly as impacted by questionable mental
states (arbitrarily taking the last three presidents as illustrative, viz.,
clinton, bush, obama certainly reflect this reality and concern coupled with
the unnecessary murderous results of their actions). There has been a
longstanding rebuke of the ‘just following orders’ defense accorded soldiers
since particularly the nazi regime as an example. As such, Stein certainly
should be lauded for saying what all soldiers should already know; namely, the
unlawful detention of americans, among other constitutionally barred activities
should not be among those orders they are willing to follow. The proscriptions
of posse comitatus should also serve as a guide. This is particularly important
given the fragile mental state of americans generally, and america’s leadership
especially. No longer is it, if ever it was, true that americans can be trusted
to do the right thing. In fact, quite the opposite is true. Wobama is a
desperate and incompetent failure as president whose invariable breach of
campaign promises is a testament to his unsuitability for the office he
currently occupies; and, one can only thank Stein for recognizing what could
devolve into a much more serious and devastating scenario for the nation owing
to wobama’s ever increasing political desperation. Broadly and generally, murky
areas as this, even involving the military, should be resolved in favor of free
speech, first amendment guarantees and against censorship. Guest
Post: The Ascendence Of Sociopaths In US Governance Durden
3-21-12 How did we get here? An argument can be made that
miscalculation, accident, inattention and the like are why things go bad. Those
elements do have a role, but it is minor. Potential catastrophe across the
board can't be the result of happenstance. When things go wrong on a grand
scale, it's not just bad luck or inadvertence. It's because of serious
character flaws in one or many – or even all – of the players. So is there a
root cause of all the problems I've cited? If we can find it, it may tell us
how we personally can best respond to the problems. In this article, I'm going
to argue that the US government, in particular, is being overrun by the wrong
kind of person. It's a trend that's been in motion for many years but has now
reached a point of no return. In other words, a type of moral rot has become so
prevalent that it's institutional in nature. There is not going to be,
therefore, any serious change in the direction in which the US is headed until
a genuine crisis topples the existing order. Until then, the trend will
accelerate. The reason is that a
certain class of people – sociopaths – are now fully in control of major
American institutions. Their beliefs and attitudes are
insinuated throughout the economic, political, intellectual and
psychological/spiritual fabric of the US.
Paul Joseph Watson | Media
Matters is a White House front group. [ Though a frequent critic of neo-con
Limbaugh, I’m against any and all attempts, particularly by desperate wobama et
als to shut him down based on what he’s said. ]
McCain,
Lieberman, Graham on Afghanistan (Washington
Post) [ I say this without even a tinge of sarcasm and as serious as serious
can be. If these guys had served during the administration of the last truly
great but substantially underrated President General Eisenhower, as cogs in the
military industrial complex / zionists / neocons their political careers would
have been over before he left office. The nation generally, and connecticut
particularly should be thankful lieberman’s gone as his efforts, energies on
behalf of israel have always been antithetical to the interests of both. These
guys are war mongering losers and have played significant roles in bringing
this nation down. (I’m not even going to get into their inapposite reference to
the neo-con wet dream come true; that ‘pearl harbor’ incident they longed for,
viz., 911, which served as hot-button blinders for the nation – there was
advance knowledge of this op which was cheered by israeli agents on the banks
of the palisades in weehawken, new jersey in full view of the imploding towers).
The only area in which their admonitions ring even remotely true is as pertains
to the opium/poppy/heroin trade which will continue under the auspices of the
cia but without the muscle (military) necessary to sustain them long-term (see
infra). Then there’s the indisputable and insurmountable defacto bankruptcy of
the pervasively corrupt disunited states (note the video – 3 minutes which
discusses interest costs on the debt
compared to the costs of the wars-understated and doesn’t figure in
deaths of soldiers and prospective medical costs of the injured). The Simple
Problems Of Too Much US Debt Durden 3-20-12 http://albertpeia.com/toomuchusdebt.htm , 10
Signs That America Is On The Verge Of A Horrible Municipal Debt Crisis http://albertpeia.com/americanmunicipaldebtcrisis.htm
Paul
Ryan’s dangerous budget Make no mistake: his intentionally vague plan
envisions draconian cuts. (Washington
Post) Editorial Board [ Truth be told, it’s really not all that often that I’m
on the ‘same page’ as the Washington Post’s Editorial Board (and God knows have
the utmost respect for this great Publishing Company / Newspaper and their
historic defense of and respect for First Amendment, etc.) ; or, ie., Mr.
Milbank, etc., who probably is on the opposite end of the political spectrum
from me. Yet, I echo their concern / sentiment in commenting as follows: Ryan’s
reverse Robin Hood His justification for his irresponsible budget only adds
insult to injury. (Washington Post) [ I
only wish Mr. Milbank hadn’t used the phrase, ‘Reverse Robin Hood’, inasmuch as
this would be among those few times I’d be ‘all in’ in support of his position
(which I am infra); but alas, that’s a phrase once used by the deplorable jesse
jackson who is a shakedown artist with absolutely no credibility whatsoever.
That said, my position is as stated in another WP comment as follows: With
spending plan, House GOP renews budget clash with Obama Proposal would cut social programs and slash
taxes for the rich. ‘Paul Ryan is a national hero’ (Washington Post) [ Hero? Indeed, in a
nation of thieves; and, for such a nation of thieves, look no further than … pervasively
corrupt, defacto bankrupt america. Yes, thieves, frauds; and, if america was
just a nation of thieves, frauds and not the war mongering nation of murderers
america’s proven herself to be, there might be at least some high ground upon
which u.s. representatives could stand.
Until the filthy rich frauds on wall street among others (everyone knows
who they are) are prosecuted, jailed, fined, and disgorgement imposed, not a
cent in taxes for all the rich (their compatriots, oligarchs with relatively
few exceptions) nor a even a penny in programs should be cut. Unfortunately,
it’s those corrupt, greedy rich oligarchs who have had their way in bringing
the nation down through misdirected policy influence (ie., wars/military
industrial complex, etc.), protection of huge frauds still extant (marked to
anything courtesy of contraindicated legislated FASB rule change), etc. (a list
too long for this comment). The time has come for all people in and outside of
this nation to embrace this foregoing reality, truth. All
truth passes through three stages. First, it is ridiculed. Second, it is
violently opposed. Third, it is accepted as being self-evident.--Arthur Schopenhauer
THE OBAMA
DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv Does
regulation really kill jobs? (Washington Post) [ Just those
corruption-related ones; those organized crime, as well as disorganized crime
jobs for which there’s plenty of ‘quid pro quo’, bribes, etc., to go around. Energy
Dept. failed to act as Solyndra sank (WP) [ This stuff is becoming all too
typical. I believe it’s time to start questioning what federal employees get
paid for. After all, pervasively corrupt america is defacto bankrupt ( America’s
debt woe is worse than Greece’s News
(CNN) — ‘Our government is utterly broke…The government’s total indebtedness is
$211 trillion’
) . Moreover, america’s pervasive corruption, even crimes, has become synonomous with the machinations
of any number of federal agencies / departments / all branches of
government (ie., DOJ – holder/fast and
furious/race bias UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE...‘ignore cases that involve black
defendants and white victims ,
Fannie / Freddie Mac , SEC destroyed documents, senator says 17 Aug 2011 ‘The Securities and Exchange Commission
destroyed documents and compromised enforcement case ... “It doesn’t make sense
that an agency responsible for investigations would want to get rid of
potential evidence…’ Report:
SEC lawyer exposed FBI informant (WP) [the sec liar (sic – lawyer)
typically with a ‘pre or post’ arrangement, whether implicit or explicit; that
ubiquitous ‘bribe thing’ in pervasively corrupt, defacto bankrupt, fallen america. Indeed, the scenario typifies that
national drain / sinkhole new york (new york / new jersey metro) where, for
example, FBI informants were routinely exposed by ‘italians’ in the new york
d.a.’s office over the objection of the FBI, and were murdered by mafia /
organized crime [ this was documented with authority in ‘Goombata: The
Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman ] SEC
faulted over records shredding The SEC destroyed internal documents that
should have been preserved as official federal records, the agency’s inspector
general has found. (Washington Post) [ Oh, if it was only that, and only the
SEC; and if only they did an incisive investigation of the DOJ. Sheriff: Fast and Furious Bigger Scandal Than Watergate http://www.prisonplanet.com/sheriff-fast-and-furious-bigger-scandal-than-watergate.html Paul Joseph Watson | Over two dozen
Republicans call for Holder to resign. Though heavily redacted, the documents directly
discuss “Operation Fast and Furious” and how it involves “trafficking
firearms to Mexico”. Tuesday, November 1, 2011 . )That’s certainly my experience
which comports with reality, http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
Financier
Stanford is convicted on most charges (Washington Post) [ The astute people at zerohedge.com are all over
this, pointing out that the biggest frauds to date (in the trillions, giving
rise to the crisis, still extant and cashed out by way of legislative
complicity by way of change to the FASB rule change that now marks the
worthless paper to anything), by the biggest ‘players’/frauds, have yet to be
prosecuted.
In case anyone cares:
Of course, his real
crime was not realizing that if you are going to get busted for
ponzinomics, you better make sure everyone goes down with you. In the meantime,
rejoice, sheep, for the theater of Ponzi crime and punishment continues. Then
again one wonders: why are the perpetrators of the biggest Ponzi of all time,
i.e., the central bankers, walking free? Or Jon Corzine for that matter?
Why
insider trading probes are awkward for SEC (Washington Post) [ If only it
wasn’t true that ‘where there’s a will, there’s a way’! Clearly, a lack of will
and conflicts, bribes / quid pro quo, even destruction of evidence, have
plagued the SEC. Yet, their’s is only the province of civil remedies with at
best criminal referrals to the DOJ for prosecution; good luck with that
(remember all those prosecutions promised last election time by what is now the
wobama / holder doj of the still extant high level wall street frauds in the
trillions…never happened - { Obama
flush with financial sector cash The president has managed to raise more
money this year from the sector than any GOP contender. (WP) ( So much for
obama and OWS; but how ‘bout wobama and obs … yes, more ‘obama b***
s*** ! The quid pro quo … the bribe …
Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall
Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog Roche 'The worst part of it ...Obama, who vowed change, has done almost
nothing to fix any of it and in fact continues most of the policies that helped
get us here in the first place’ ‘INSIDE
JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant
fraud in the (many) TRILLIONS by the frauds on wall street ( and declares with
oscar in hand that not one high level wall street exec has been prosecuted …
despite ‘earning’ billions from the fraud )THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
, http://albertpeia.com/10mostcorruptpols.htm ) }
America’s shine is wearing off I know why we are falling into a cataclysm of debt and can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious freedom, freedom generally did they come to these shores. A rare exception to the influx of immigrants to this young nation who turned out to be more a virus to the indigenous peoples of this land than what could have been expected from those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those so positioned abroad would have represented a positive addition to the gene pool which, borrowing from an insurance term, viz., adverse selection, springs forth the notion of inevitability to the genocide of the indigenous populations while guaranteeing the decline we see throughout this foundering nation. The effects of these negative predispositions toward inherent criminality is certainly being felt globally as well as domestically and has little to recommend it. My own direct experience with the region(s) (particularly new jersey, new york, virginia, connecticut, california) carves out no exception for the prevalence of the worst of human nature; which is now collectively and pervasively americana. Though having but 5% of the world’s population, the u.s. has 76% of the world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on military than all the nations of the world combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t, etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall Street accountable for the meltdown. America Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm
Rank |
|
||
# 1 |
11,877,218 |
|
|
# 2 |
6,523,706 |
|
|
# 3 |
6,507,394 |
|
UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall
Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Insider-trading
probe targets House panel chair Rep. Bachus EXCLUSIVE | Chairman of the
House Financial Services Committee is being investigated. 'This
is a dog and pony show' (Washington Post) [ Yeah! And he’s both the dog and
the pony. As for the paulson meeting and denial of ‘inside information’, one
can only say for certain, giving bachus the temporary but unlikely benefit of
the doubt, that paulson should be in jail for what they did for their buds at
goldman et als. And dern it, as a wine man by definition, how else is he going
to afford the finest vintages and bacchanalian rituals? Yet, one must agree that
they’re already pretty well overpaid http://albertpeia.com/govemployeeretirement.jpg . Well, I guess there’s a little Geckoish
(‘Wall Street’, Oliver Stone) wall street ‘greed is good’ in all capital hill /
government connected reps.
Ignatius:
How to end the Afghan mission
(Washington Post) [ What mission? Someone please tell me! Is it to bankrupt
america? Is the mission to become numero uno in the opium / heroin? Is it to
engender anti-american sentiment globally? If any of the foregoing characterize
the mission, I’d say ‘mission accomplished’! Milbank:
Gravestones tell story of two wars
(Washington Post) [ I’d say more correctly that gravestones tell the story of
all wars. The difference in these two wars referenced by Mr. Milbank is that
both were unnecessary. Yes, sad but true; they died for nothing; for no good
reason whatsoever which reasons include the paranoid zionist neo-con and
israeli mental cases, the military industrial complex (would never have
happened under the great but substantially underrated President General
Eisenhower), political considerations (diversion from the central problems
confronting the nation), money, greed, drug trade preeiminence (money/greed),
etc.. Yes, the story that they tell is one of dying for all the wrong reasons;
of dying for nothing! Panetta
arrives in Afghanistan; pledges setbacks will not alter strategy U.S.
likely to stay on course despite strong public reaction to Koran burnings and
deaths of 16 civilians. (Washington
Post) [ Strategy? What strategy? Ignatius:
How to end the Afghan mission
(Washington Post) [ What mission? Someone please tell me! Is it to bankrupt
america? Is the mission to become numero uno in the opium / heroin? Is it to
engender anti-american sentiment globally? If any of the foregoing characterize
the mission, I’d say ‘mission accomplished’! For
U.S., bad news on Afghanistan war continues (Washington Post) [ Yes, indeed it does; continue that is, that bad
news…except for the heroin trade which is booming, a source of pride for ‘the
world’s policeman’ aka the pervasively corrupt, defacto bankrupt disunited
states of america, aka the clichéd quintessential ‘corrupt cop’.
For
U.S., bad news on Afghanistan war continues (Washington Post) [ Yes, indeed it does; continue that is, that bad
news…except for the heroin trade which is booming, a source of pride for ‘the
world’s policeman’ aka the pervasively corrupt, defacto bankrupt disunited
states of america, aka the clichéd quintessential ‘corrupt cop’. Drug
war hypocrisy: drug trafficking’s big money benefits Big Brother and corrupt
banksters PF Louis | The hypocrisy of the war
on drugs is centers on the amount of drug trafficking that benefits the CIA and
international banking system. Natural
News February 1, 2012 [ http://albertpeia/americangovernmentdrugtrafficking.htm http://albertpeia/americascorruptiondrugtrade.htm http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm
http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm
] ‘The hypocrisy of the war on drugs is
outrageous when compared to the amount of drug trafficking that benefits the
CIA and international banking system. The son of a convicted notorious mobster,
John Gotti Jr, when asked in court if the family still dealt drugs cracked,
“No, we can’t compete with the government.”
(America also leads in the illegal drug trade. In fact,
many researchers reveal that the war on drugs is only utilized to control and
monopolize the illicit drug trade. The US government has been caught
multiple times shipping in cocaine [ http://www.youtube.com/watch?v=bQvbdiWgwsA , http://www.youtube.com/watch?v=UQNSoOX-dcw&feature=related , http://www.youtube.com/watch?v=gG1Id2qpSOE&feature=related , http://www.youtube.com/watch?v=tIEUhpxeuP4&feature=related , http://www.youtube.com/watch?v=DyM43Sw2OVc&feature=related ] , colluding
with certain cartels [ http://www.americanthinker.com/blog/2011/08/does_mexican_drug_cartel_have_deal_with_us_government.html ] to control the industry, and now
openly protects and
transports opium from Afghanistan
[ http://www.youtube.com/watch?v=ElEciFI0Pew ] . In
fact, Global Research points out that in 2001, “according to UN
figures, opium production had fallen to 185 tons. Immediately following the
October 2001 US led invasion, production increased dramatically, regaining its
historical levels.” This month, the U.N. announced that Afghanistan now
provides 93% of the world’s opium production [ http://www.nytimes.com/2011/10/12/world/asia/un-reports-sharp-rise-in-opium-production-in-afghanistan.html?_r=2&ref=world ] ; up 61% compared to 2010 to a whopping 5800 tons.
Although the empire tries to keep it secret, they can’t hide the
hypocrisy forever. [ website archived links http://albertpeia.com/uscocainedistributionfiles.htm )
Will:
Those pesky things called laws
(Washington Post) [ Come on Mr. Will! This is america, the ‘meaningfully
lawless’ land, you’re talking about! Oh
yeah, there are loads of laws; yet, even arbitrary enforcement at best is hard
to come by. After all, the biggest wall street frauds in the trillions have yet
to be prosecuted, et cetera, et cetera:
Insider-trading
probe targets House panel chair Rep. Bachus EXCLUSIVE | Chairman of the
House Financial Services Committee is being investigated. 'This
is a dog and pony show' (Washington Post) [ Yeah! And he’s both the dog and
the pony. As for the paulson meeting and denial of ‘inside information’, one
can only say for certain, giving bachus the temporary but unlikely benefit of
the doubt, that paulson should be in jail for what they did for their buds at
goldman et als. And dern it, as a wine man by definition, how else is he going
to afford the finest vintages and bacchanalian rituals? Yet, one must agree
that they’re already pretty well overpaid http://albertpeia.com/govemployeeretirement.jpg . Well, I guess there’s a little Geckoish
(‘Wall Street’, Oliver Stone) wall street ‘greed is good’ in all capital hill /
government connected reps.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv Does
regulation really kill jobs? (Washington Post) [ Just those
corruption-related ones; those organized crime, as well as disorganized crime
jobs for which there’s plenty of ‘quid pro quo’, bribes, etc., to go around. Energy
Dept. failed to act as Solyndra sank (WP) [ This stuff is becoming all too
typical. I believe it’s time to start questioning what federal employees get
paid for. After all, pervasively corrupt america is defacto bankrupt ( America’s
debt woe is worse than Greece’s News
(CNN) — ‘Our government is utterly broke…The government’s total indebtedness is
$211 trillion’
) . Moreover, america’s pervasive corruption, even crimes, has become synonomous with the machinations
of any number of federal agencies / departments / all branches of
government (ie., DOJ – holder/fast and
furious/race bias UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE...‘ignore cases that involve black
defendants and white victims ,
Fannie / Freddie Mac , SEC destroyed documents, senator says 17 Aug 2011 ‘The Securities and Exchange Commission
destroyed documents and compromised enforcement case ... “It doesn’t make sense
that an agency responsible for investigations would want to get rid of
potential evidence…’ Report:
SEC lawyer exposed FBI informant (WP) [the sec liar (sic – lawyer)
typically with a ‘pre or post’ arrangement, whether implicit or explicit; that
ubiquitous ‘bribe thing’ in pervasively corrupt, defacto bankrupt, fallen america. Indeed, the scenario typifies that
national drain / sinkhole new york (new york / new jersey metro) where, for
example, FBI informants were routinely exposed by ‘italians’ in the new york
d.a.’s office over the objection of the FBI, and were murdered by mafia /
organized crime [ this was documented with authority in ‘Goombata: The
Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman ] SEC
faulted over records shredding The SEC destroyed internal documents that
should have been preserved as official federal records, the agency’s inspector
general has found. (Washington Post) [ Oh, if it was only that, and only the
SEC; and if only they did an incisive investigation of the DOJ. Sheriff: Fast and Furious Bigger Scandal Than Watergate http://www.prisonplanet.com/sheriff-fast-and-furious-bigger-scandal-than-watergate.html Paul Joseph Watson | Over two dozen
Republicans call for Holder to resign. Though heavily redacted, the documents directly
discuss “Operation Fast and Furious” and how it involves “trafficking
firearms to Mexico”. Tuesday, November 1, 2011 . )That’s certainly my
experience which comports with reality, http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
Financier
Stanford is convicted on most charges (Washington Post) [ The astute people at zerohedge.com are all over
this, pointing out that the biggest frauds to date (in the trillions, giving
rise to the crisis, still extant and cashed out by way of legislative
complicity by way of change to the FASB rule change that now marks the
worthless paper to anything), by the biggest ‘players’/frauds, have yet to be
prosecuted.
In case anyone cares:
Of course, his real
crime was not realizing that if you are going to get busted for
ponzinomics, you better make sure everyone goes down with you. In the meantime,
rejoice, sheep, for the theater of Ponzi crime and punishment continues. Then
again one wonders: why are the perpetrators of the biggest Ponzi of all time,
i.e., the central bankers, walking free? Or Jon Corzine for that matter?
Why
insider trading probes are awkward for SEC (Washington Post) [ If only it
wasn’t true that ‘where there’s a will, there’s a way’! Clearly, a lack of will
and conflicts, bribes / quid pro quo, even destruction of evidence, have
plagued the SEC. Yet, their’s is only the province of civil remedies with at
best criminal referrals to the DOJ for prosecution; good luck with that
(remember all those prosecutions promised last election time by what is now the
wobama / holder doj of the still extant high level wall street frauds in the
trillions…never happened - { Obama
flush with financial sector cash The president has managed to raise more
money this year from the sector than any GOP contender. (WP) ( So much for
obama and OWS; but how ‘bout wobama and obs … yes, more ‘obama b***
s*** ! The quid pro quo … the bribe …
Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall
Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog Roche 'The worst part of it ...Obama, who vowed change, has done almost
nothing to fix any of it and in fact continues most of the policies that helped
get us here in the first place’ ‘INSIDE
JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant
fraud in the (many) TRILLIONS by the frauds on wall street ( and declares with
oscar in hand that not one high level wall street exec has been prosecuted …
despite ‘earning’ billions from the fraud )THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
, http://albertpeia.com/10mostcorruptpols.htm ) }
Insider-trading
probe targets House panel chair Rep. Bachus EXCLUSIVE | Chairman of the
House Financial Services Committee is being investigated. 'This
is a dog and pony show' (Washington Post) [ Yeah! And he’s both the dog and
the pony. As for the paulson meeting and denial of ‘inside information’, one
can only say for certain, giving bachus the temporary but unlikely benefit of
the doubt, that paulson should be in jail for what they did for their buds at
goldman et als. And dern it, as a wine man by definition, how else is he going
to afford the finest vintages and bacchanalian rituals? Yet, one must agree
that they’re already pretty well overpaid http://albertpeia.com/govemployeeretirement.jpg . Well, I guess there’s a little Geckoish
(‘Wall Street’, Oliver Stone) wall street ‘greed is good’ in all capital hill /
government connected reps.
Obama
vs. Israel Priority No. 1? Stop Israel (Washington Post) [ It’s always so disappointing to see one as
intelligent as Mr. Krauthammer to be so in lockstep with the beligerant war
crimes nation israel (THE POSSESSOR OF 300+ ILLEGAL NUKES NO DOUBT TARGETING IRAN AMONG OTHER NATIONS).
On facts and intellect, Mr. Krauthammer’s position is indefensible. Actually,
wobama gets points for rationality here; and, as indicated by Mr. Krauthammer’s
colleague, Mr. Robinson, Mitt Romney’s position is little different, being more
rational than, ie., that senile old war mongering dog mccain whose best days,
if any, are long since done, among other neo-cons, national bankrupters, nation
destroyers, killers for no good reason, etc. (They Love Death http://albertpeia.com/theylovedeath.htm)... Respond to , ie., Pat Buchanan: Pat
Buchanan: 300 nukes in Israel yet Iran a threat? RT | Islamic wars have brought questionable benefit to the US over
the last 20 years, former US presidential advisor Pat Buchanan, author of
Suicide of a Superpower, shared with RT. http://albertpeia.com/16reasonswhyonlyfoolssupportswaragainstIran.htm
Would You Support a War Against Iran If You Knew the True Facts? Then there’s
also, from israel’s perspective, ‘the Oedipal Effect’. AIPAC
beats the drums of war From speaker after speaker, intimations that a clash
is coming — and probably soon. (Washington
Post) [ How totally pathetic for pervasively corrupt, defacto bankrupt america.
James Forrestal’s worst fears realized. This wouldn’t have ever happened under
the wise auspices of the great but substantially underrated President General
Eisenhower! How destructive and self-destructive americans have become. In 1948, U.S.
Secretary of Defense James Forrestal, an opponent of the creation of a Jewish
state in Palestine, warned that, even though failure to go along with the
Zionists might cost President Truman the states of New York, Pennsylvania, and
California, it was about time that somebody should pay some consideration to
whether we might not lose the United States!…
, Panetta:
Israel must negotiate with Palestine
Noose
tightens around Iranian oil Tehran may be profiting now with high prices,
but E.U., U.S. measures pinch even before they take effect. (Washington Post) [ Ah, riiiiight! They call
this the defacto bankrupt eu/u.s. pro-zionist/israeli gambit; also known more
familiarly as, how to hang yourself (nation) in one easy lesson. In years to
come, this strategy will be compared to the circular firing squad that places
the target in the center and opens fire repeatedly until all the ‘marksmen’ are
dead. SHIPPING
CEO: Iran Could Send Oil To $440/Barrel Business Insider | The scariest Iran scenario yet comes from Bob
Bandos, CEO of marine logistics and services company GAC North America. ,
The Post’s View Unresolved
differences on Iran Editorial Board U.S. and Israel both seek — but don’t
find — reassurance. (Washington Post) [
Differences indeed! Whether Palestine, Gaza, or any other issue involving war
crimes nation, illegal nuke totin’ israel, as long as the israelis are screwin’
someone, it’s ok; hence, ie., no resolution (solution) even when there are u.n.
resolutions (242, 338, etc.). It is no small wonder therefore, that talk of
final solution in nazi germany brought literally, cheers throughout even the
rest of the world, even beyond the discernible nazi borders. At some point,
people refuse to bend over and there’s blowback! U.S. client ‘rogue’ state
israel has in excess of 300 illegal nukes, targeted no-doubt at Iran among
other nations (from stolen american nuke technology, no less, along with more
recent ‘improvements’). Gerson:
Containment won’t work with Iran
(Washington Post) [ Indeed! Because, there’s nothing to see here other than
that typical, irrational, paranoid, pro-israeli, zionist/neo-con, military
industrial complex b***s*** ! israelis
seem resigned to Iran strike
(Washington Post) [ I think Pat Buchanan just said it best: Pat
Buchanan: 300 nukes in Israel yet Iran a threat? RT | Islamic wars have brought questionable benefit to the US over
the last 20 years, former US presidential advisor Pat Buchanan, author of
Suicide of a Superpower, shared with … http://albertpeia.com/16reasonswhyonlyfoolssupportswaragainstIran.htm
Would You Support a War Against Iran If You Knew the True Facts? And, a u.s. General weighs in: Gen.
Dempsey: Iran rational actor, not after nukes Press TV | General described any
Israeli attack on Iran as “destabilizing.”
Would
You Support an Iran War If … : George Washington : 02/22/2012
http://albertpeia.com/16reasonswhyonlyfoolssupportswaragainstIran.htm
Would You
Support a War Against Iran If You Knew the True Facts?
Would you
support a war against Iran if you knew that:
Russia:
Israeli attack on Iran will bring catastrophe REUTERS | After UN nuclear watchdog declares collapse in talks
with Tehran, Russian FM says military action would have dangerous consequences.
Gen.
Dempsey: Iran rational actor, not after nukes Press TV | General described any
Israeli attack on Iran as “destabilizing.”
Pat
Buchanan: 300 nukes in Israel yet Iran a threat? RT | Islamic wars have brought questionable benefit to the US over
the last 20 years, former US presidential advisor Pat Buchanan, author of
Suicide of a Superpower, shared with RT. http://albertpeia.com/16reasonswhyonlyfoolssupportswaragainstIran.htm
Would You Support a War Against Iran If You Knew the True Facts?
5 Reasons Iran is NOT a Threat to the U.S. Michael Edwards | Iran is next unless the American people stop living in fear of manufactured threats.
Paul Joseph Watson | Obama
administration firms up support for state-sponsored assassination.
Kurt Nimmo |
Propaganda war edges toward Israeli attack on Iran’s imaginary nukes.
Moriches Daily | The
decision has already been made by the Israeli government to attack Iran’s
nuclear facilities.
Paul Joseph Watson | NATO
powers arm Al-Qaeda in pursuit of regime change.
Kurt Nimmo | Similar
bombing raids under identical pretense were used in Libya.
Paul Joseph Watson | NATO
powers arm Al-Qaeda in pursuit of regime change.
Netanyahu
to Obama: Israel ‘reserves the right’ to strike
Washington Free
Beacon | Netanyahu pushed back against the administration’s
repeated attempts to dissuade Israel from attacking Iran.
Ron
Paul To Israel “It Doesn’t Make Any Sense To Attack A Country That’s No Threat
To ANYONE!”
CNN | Ron Paul appears on CNN’s State Of The Union and
speaks about his foreign policy.
Obama’s
Ineligibility Shocker, His Enemies Hit List & More with Dr. Jerome Corsi
Prisonplanet.com | Alex welcomes author and leading
birth certificate researcher Jerome Corsi to unveil the latest information on
the shadow war for leading up to the 2012 elections.
The Hill | Most likely voters don’t think the
United States should get involved in Syria despite the worsening crisis there,
according to a new poll for The Hill.
Is
China already No. 1?
(Washington Post) [ That may be so and for sound reasons. But, america will
still be No.1 in the following areas if not in our hearts and minds. USA
#1? 40 Embarrassing Things That America Is The Best In The World At http://albertpeia.com/40badthingsusabest.htm
With that
being said, the following are 40 embarrassing things that America is the best
in the world at....
#1 America has the highest
incarceration rate and the largest total prison population in
the entire world by a good margin.
#2 There are
more car thefts in the United States than anywhere else in the world by far.
#3 Of all the
major industrialized nations, America is the most obese. Mexico is #2.
#4 The average
American drinks more than 600 sodas a year -
the most in the world.
#5 U.S. corporations sell more fast food
and more soda than anyone else in the world by a wide margin.
#6 Nobody
watches more television per week (28 hours) than Americans do.
Although to be honest, people living in the UK are tied with us.
#7 The United States leads the world in credit card fraud.
#8 The United States has the highest
percentage of one person households on the
entire planet.
#9 The United States has the highest divorce rate in the world by a good
margin.
#10 The United States has the highest teen pregnancy rate in the
world by far.
#11 There are
more school shootings in America than
anywhere else in the world.
#12 The United States has the highest child abuse death rate in
the world.
#13 There are
more "deaths by reptile" in
America than anywhere else in the world.
#14 The United States has the most lawyers per capita in the entire
world.
#15 The United States produces more pornography than any other
nation in the world.
#16 Americans take more prescription drugs than anyone else in the
world.
#17 More is spent on prescription drug advertising in
America than anywhere else in the world.
#18 The
percentage of women taking antidepressants in America is higher than in any other country in
the world.
#19 More people
have been diagnosed with mental disorders in America than
anywhere else on earth.
#20 The United States has the highest rate
of illegal drug use on the
entire globe.
#21 There is more
credit card debt in America than
anywhere else in the world.
#22 There is more
mortgage debt in America than
anywhere else in the world.
#23 There is more
student loan debt in America than anywhere else
in the world.
#24 The United States spends more money on
government schools than any other nation on
earth does.
#25 U.S. citizens spend more time in
school than anyone else in the world. So why are so many of us dumb as a rock?
#26 Nobody in the
world gets more plastic surgery done than Americans
do.
#27 The United States leads the world in eating disorder deaths.
#28 According to nationmaster.com, the United
States has the most total reported crimes in the world by far.
#29 Nobody has
more airport security thugs groping women and children
than America does.
#30 The United States spends much more on
health care as a percentage of GDP than
any other nation on the face of the earth.
#31 The United States has the most complicated
tax system on the entire planet.
#32 The United States has the most laws on the entire planet.
#33 The United States spends more on the
military than the next 12 nations
combined, and yet the Obama administration is considering plans to
unilaterally slash the size of the U.S. nuclear arsenal by up to 80 percent.
#34 The United States has the most foreign
military bases in the world by far.
#35 The United States exports more arms to other
countries than anyone else in the world.
#36 Americans spend more time sitting in traffic than anyone
else in the world.
#37 Americans spend more money on elections than anyone else does in the world by a
very wide margin.
#38 Every single
year, the United States has the largest
trade deficit in the world by far.
#39 The U.S. government wastes more money than any other government on
earth does.
#40 The United States has accumulated the
biggest mountain of government debt in the history of the world.
So is the
USA #1?
Unfortunately,
the answer way too often is yes.
The goal of
this list of embarrassing things is not to trash America.
Rather, the
goal is to wake Americans up and to get them to realize what has happened to
us.
We should
be deeply humbled and embarrassed as a nation. We were once the best in
the world and the envy of the entire globe, but now the whole world is laughing
at us.
America is
supposed to be a beacon of liberty, freedom and prosperity for the entire
planet.
Instead, we
are rapidly turning into a horror show.
Wake up
America. The condition of our country is absolutely shameful, and every
single day it gets even worse.
Please
share this list with as many people as you can. The American people need
a massive wake up call, and it is up to those of us that are awake to share the
truth while we still can.’
They Love Death http://albertpeia.com/theylovedeath.htm
The Post’s View A
tear for Putin’s Russia Editorial Board He reclaims a country that is no
longer so sure about him. (Washington
Post) [ A tear? How about a cheer … for
Putin’s Russia. No longer sure about him? Indeed, if they listen to the western
press among other ‘anti-Russia’ propaganda outlets / disseminators. Suffice it
to say, much to the chagrin of america / israel / Russia’s enemies, whether
knowingly or not, or just plain oblivious to the threat, by electing Putin,
Russia has just dodged a major ‘bullet’ in a very big way! 3-15-12 There was
mention of Russia’s intent regard a manned moon mission to which I respond to
such if intended by the historically great nation of Russia: Bon voyage! Good
luck! Godspeed!
Putin
wins election amid fraud complaints
(Washington Post) [ Oh come on! Those complaints were coming no matter what.
Indeed, the u.s. led (much like that in the Mid-East, one way or another; ie.,
Iraq, Libya, etc.) efforts to unseat ‘The Great Vladimir Putin’ have failed
(believe me, they are seething with envy and resentment for Russia’s good
fortune prospectively), which is a testament to the intelligence and survival
instincts of an historically great nation that has stood the test of time. Yet,
I truly believe there are those in Russia herself who quite foolishly fail to
see and appreciate this reality and the formerly substantial but still extant
threat from without. Moreover, I further posite that almost without exception
there’s substantial fraud / skullduggery
in virtually every venue at every level, municipal, state, federal of near
every american election (coincidentally, on the tv news ‘shock’ was reported
that some local official would receive $272,000 equivalent pension for life,
exceeding even the outrageously high salary of that worker – as in every crime,
the motive, local, state, federal). Who's congratulating
Putin? (FP)(Editors)[ I am! Congratulations President Putin!
Five
myths about Vladimir Putin
(Washington Post) [ Much like many of problems globally, from strife to
economic / financial fraud / instability, the myths are of particularly
american and western origin; and, a consequence of their seething envy of and
resentment toward this talented, great leader of an historically great nation.
Gen.
Dempsey: Iran rational actor, not after nukes Press TV | General described any
Israeli attack on Iran as “destabilizing.”
Pat
Buchanan: 300 nukes in Israel yet Iran a threat? RT | Islamic wars have brought questionable benefit to the US over
the last 20 years, former US presidential advisor Pat Buchanan, author of
Suicide of a Superpower, shared with RT. http://albertpeia.com/16reasonswhyonlyfoolssupportswaragainstIran.htm
Would You Support a War Against Iran If You Knew the True Facts?
5 Reasons Iran is NOT a Threat to the U.S. Michael Edwards | Iran is next unless the American people stop living in fear of manufactured threats.
( http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases against Wall Street lag despite Holder’s vows to target
financial fraud WP Obama has promised to hold Wall
Street accountable for the meltdown. America Is a Failed State Because It Won’t Prosecute Financial
Crime Washington’s
Blog )
(America
also leads in the illegal drug trade. In fact, many researchers reveal
that the war on drugs is only utilized to control and monopolize
the illicit drug trade. The US government has been caught multiple
times shipping in cocaine [ http://www.youtube.com/watch?v=bQvbdiWgwsA , http://www.youtube.com/watch?v=UQNSoOX-dcw&feature=related , http://www.youtube.com/watch?v=gG1Id2qpSOE&feature=related , http://www.youtube.com/watch?v=tIEUhpxeuP4&feature=related , http://www.youtube.com/watch?v=DyM43Sw2OVc&feature=related ] , colluding
with certain cartels [ http://www.americanthinker.com/blog/2011/08/does_mexican_drug_cartel_have_deal_with_us_government.html ] to control the industry, and now
openly protects and
transports opium from Afghanistan
[ http://www.youtube.com/watch?v=ElEciFI0Pew ] . In
fact, Global Research points out that in 2001, “according to UN
figures, opium production had fallen to 185 tons. Immediately following the
October 2001 US led invasion, production increased dramatically, regaining its
historical levels.” This month, the U.N. announced that Afghanistan now
provides 93% of the world’s opium production [ http://www.nytimes.com/2011/10/12/world/asia/un-reports-sharp-rise-in-opium-production-in-afghanistan.html?_r=2&ref=world ] ; up 61% compared to 2010 to a whopping 5800 tons.
Although the empire tries to keep it secret, they can’t hide the
hypocrisy forever. [ website archived links http://albertpeia.com/uscocainedistributionfiles.htm ) ‘When they’re
losing, they can afford to be principled’ says corrupt mobster trump regarding
the snubbing of his ‘less than moderation’ of an upcoming debate in Iowa by the
remaining principled GOP contenders. In reality, it’s actually ‘when you’re
winning, you can afford to be principled’. But, in trump’s corrupt, sordid,
sinkhole habitat, the former is indeed his truth. If you’re principled, you’re
losing in trump’s rather surreal unreality. After all, pervasively corrupt and
unprincipled america is indeed losing; and, big-time at that. That trump is a
megalomaniac, a narcissist, and, yes … a loser, there is no question. Indeed,
anyone who ‘wins’ unfairly (corruption, etc.) at others expense (ie., himself,
the frauds on wall street, etc.) is a loser. Unfortunately, such modus
operandi, including that which is criminal, has been accorded protection and
respect in defacto bankrupt america, much like the ‘protected’ (bribes, etc.)
common drug dealer (america, see infra), pimp, etc.. Then there’s the endearing
(to a dumbed down american public) hype! That cloyingly cutesy ‘the donald’
routine is nauseating; but, that’s the natural, visible concomitant to a nation
in ineluctable decline! On a positive note, megalomaniac trump will not be able
to retread the path of his role model / idol Adolf Hitler as head of state. He’s
really quite a joke when you think about it; and a mentally ill one at that;
ask Steve Wynn, he’ll tell you, he’s already said it.
‘Pizza with palin’, ‘town hall of fame with
Bachmann’, trump purports to be at least ‘alcohol free’ (the alleged cause – I don’t
think so – of mobster trump’s elder brother’s suicide); but is he ‘med-free’? …
there must be something to account for his madness (he’s a psychopath who used
to play Hitler speeches for inspiration).
Trump
to moderate GOP debate This won’t end well. (Washington Post) [ Goes
without saying… of all people to choose … Why not Jerry Springer?…
‘Non-celebrity Apprentice’, the new reality show, as in who scratches whose
back for favors down the road, as in quid pro quo, as in trump’s continued
‘graduation’ from commonly mob connected, to new york/new jersey politically
sordid sinkholes, to now failed washingtonian … ‘establishment’? Hasn’t trump’s
rise coincided with the nation’s decline / demise? I’ve seen the corruption
first hand! http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases against Wall Street lag despite Holder’s vows to target
financial fraud WP Obama has promised to hold Wall
Street accountable for the meltdown. America Is a Failed State Because It Won’t Prosecute Financial
Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm
Rank |
|
||
# 1 |
11,877,218 |
|
|
# 2 |
6,523,706 |
|
|
# 3 |
6,507,394 |
|
UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ignore cases that involve black
defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target
financial fraud WP | Obama has promised to hold Wall
Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv Does
regulation really kill jobs? (Washington Post) [ Just those
corruption-related ones; those organized crime, as well as disorganized crime
jobs for which there’s plenty of ‘quid pro quo’, bribes, etc., to go around. Energy
Dept. failed to act as Solyndra sank (WP) [ This stuff is becoming all too
typical. I believe it’s time to start questioning what federal employees get
paid for. After all, pervasively corrupt america is defacto bankrupt ( America’s
debt woe is worse than Greece’s News
(CNN) — ‘Our government is utterly broke…The government’s total indebtedness is
$211 trillion’
) . Moreover, america’s pervasive corruption, even crimes, has become synonomous with the machinations
of any number of federal agencies / departments / all branches of
government (ie., DOJ – holder/fast and
furious/race bias UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE...‘ignore cases that involve black
defendants and white victims ,
Fannie / Freddie Mac , SEC destroyed documents, senator says 17 Aug 2011 ‘The Securities and Exchange Commission
destroyed documents and compromised enforcement case ... “It doesn’t make sense
that an agency responsible for investigations would want to get rid of
potential evidence…’ Report:
SEC lawyer exposed FBI informant (WP) [the sec liar (sic – lawyer)
typically with a ‘pre or post’ arrangement, whether implicit or explicit; that
ubiquitous ‘bribe thing’ in pervasively corrupt, defacto bankrupt, fallen america. Indeed, the scenario typifies that
national drain / sinkhole new york (new york / new jersey metro) where, for
example, FBI informants were routinely exposed by ‘italians’ in the new york
d.a.’s office over the objection of the FBI, and were murdered by mafia /
organized crime [ this was documented with authority in ‘Goombata: The
Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman ] SEC
faulted over records shredding The SEC destroyed internal documents that
should have been preserved as official federal records, the agency’s inspector
general has found. (Washington Post) [ Oh, if it was only that, and only the
SEC; and if only they did an incisive investigation of the DOJ. Sheriff: Fast and Furious Bigger Scandal Than Watergate http://www.prisonplanet.com/sheriff-fast-and-furious-bigger-scandal-than-watergate.html Paul Joseph Watson | Over two dozen
Republicans call for Holder to resign. Though heavily redacted, the documents directly
discuss “Operation Fast and Furious” and how it involves “trafficking
firearms to Mexico”. Tuesday, November 1, 2011 . )That’s certainly my
experience which comports with reality, http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
Why
insider trading probes are awkward for SEC (Washington Post) [ If only it
wasn’t true that ‘where there’s a will, there’s a way’! Clearly, a lack of will
and conflicts, bribes / quid pro quo, even destruction of evidence, have
plagued the SEC. Yet, their’s is only the province of civil remedies with at
best criminal referrals to the DOJ for prosecution; good luck with that
(remember all those prosecutions promised last election time by what is now the
wobama / holder doj of the still extant high level wall street frauds in the
trillions…never happened - { Obama
flush with financial sector cash The president has managed to raise more
money this year from the sector than any GOP contender. (WP) ( So much for
obama and OWS; but how ‘bout wobama and obs … yes, more ‘obama b***
s*** ! The quid pro quo … the bribe …
Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall
Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog Roche 'The worst part of it ...Obama, who vowed change, has done almost
nothing to fix any of it and in fact continues most of the policies that helped
get us here in the first place’ ‘INSIDE
JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant
fraud in the (many) TRILLIONS by the frauds on wall street ( and declares with
oscar in hand that not one high level wall street exec has been prosecuted …
despite ‘earning’ billions from the fraud )THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
, http://albertpeia.com/10mostcorruptpols.htm ) }
Insider-trading
probe targets House panel chair Rep. Bachus EXCLUSIVE | Chairman of the
House Financial Services Committee is being investigated. 'This
is a dog and pony show' (Washington Post) [ Yeah! And he’s both the dog and
the pony. As for the paulson meeting and denial of ‘inside information’, one
can only say for certain, giving bachus the temporary but unlikely benefit of
the doubt, that paulson should be in jail for what they did for their buds at
goldman et als. And dern it, as a wine man by definition, how else is he going
to afford the finest vintages and bacchanalian rituals? Yet, one must agree
that they’re already pretty well overpaid http://albertpeia.com/govemployeeretirement.jpg . Well, I guess there’s a little Geckoish
(‘Wall Street’, Oliver Stone) wall street ‘greed is good’ in all capital hill /
government connected reps.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv Does
regulation really kill jobs? (Washington Post) [ Just those
corruption-related ones; those organized crime, as well as disorganized crime
jobs for which there’s plenty of ‘quid pro quo’, bribes, etc., to go around. Energy
Dept. failed to act as Solyndra sank (WP) [ This stuff is becoming all too
typical. I believe it’s time to start questioning what federal employees get
paid for. After all, pervasively corrupt america is defacto bankrupt ( America’s
debt woe is worse than Greece’s News
(CNN) — ‘Our government is utterly broke…The government’s total indebtedness is
$211 trillion’
) . Moreover, america’s pervasive corruption, even crimes, has become synonomous with the machinations
of any number of federal agencies / departments / all branches of
government (ie., DOJ – holder/fast and
furious/race bias UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE...‘ignore cases that involve black
defendants and white victims ,
Fannie / Freddie Mac , SEC destroyed documents, senator says 17 Aug 2011 ‘The Securities and Exchange Commission
destroyed documents and compromised enforcement case ... “It doesn’t make sense
that an agency responsible for investigations would want to get rid of
potential evidence…’ Report:
SEC lawyer exposed FBI informant (WP) [the sec liar (sic – lawyer)
typically with a ‘pre or post’ arrangement, whether implicit or explicit; that
ubiquitous ‘bribe thing’ in pervasively corrupt, defacto bankrupt, fallen america. Indeed, the scenario typifies that
national drain / sinkhole new york (new york / new jersey metro) where, for
example, FBI informants were routinely exposed by ‘italians’ in the new york
d.a.’s office over the objection of the FBI, and were murdered by mafia /
organized crime [ this was documented with authority in ‘Goombata: The
Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman ] SEC
faulted over records shredding The SEC destroyed internal documents that
should have been preserved as official federal records, the agency’s inspector
general has found. (Washington Post) [ Oh, if it was only that, and only the
SEC; and if only they did an incisive investigation of the DOJ. Sheriff: Fast and Furious Bigger Scandal Than Watergate http://www.prisonplanet.com/sheriff-fast-and-furious-bigger-scandal-than-watergate.html Paul Joseph Watson | Over two dozen
Republicans call for Holder to resign. Though heavily redacted, the documents directly
discuss “Operation Fast and Furious” and how it involves “trafficking
firearms to Mexico”. Tuesday, November 1, 2011 . )That’s certainly my
experience which comports with reality, http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
Ignatius:
American history’s greatest flip-flop (Washington Post) [ That’s only if
you can be certain of what’s been flipped; and, sifting through the obfuscation
and propaganda, what’s really flopped in terms of so-called ‘american
history’.
The
Gospel according to Obama The president’s contradictory theologies.
(Washington Post) [ Oh come on, Mr. Krauthammer! Who’s still counting? Wobama’s
total jive-talking b***s***! I mean, count the ways! There’s absolutely no end
to his jive! Who’s still buyin’ / believin’? Fools and other ‘tools’?
Meyerson:
Out-of-touch Republicans (Washington Post) [ Oh! Riiiiight! It’s just those dern republicans;
since, every 4 years the dems (and wobama) are all ears (that’s literally and
figuratively). Not that anything of substance actually comes of their being all
ears, but we should be grateful they’re listening despite that being precisely
what they’re supposed to be doing along with the action consistent therewith.
Republicans
in fantasy land Wednesday’s debate
presented a party adrift from reality. (Washington
Post) [ This article refers to republicans only. Now who’s in fantasy land …
Mr. Hiatt. The embrace of fantasy economically, fiscally, financially,
politically, geo-politically is truly a bi-partisan undertaking. See chart: http://albertpeia.com/debtpercapita.jpg
. Here’s some bi-partisan u.s. debt reality: http://albertpeia.com/34shockingfactsaboutusdebt.htm .
National
debt will likely swell under top GOP hopefuls’ plans, report shows Analysis
finds Ron Paul’s tax plan is the exception and would slice about $2 trillion
from future borrowing. (Washington
Post) [ Nothing could match the swelling seen under wobama the b for b***s***,
particularly while in ‘election year mode’. At this point, who’s counting?
Swelling indeed! The nation’s now one big hematoma of insurmountable debt! The
growing deficit? It’s not as bad as it looks. Modern Monetary Theory, which
asserts that budget shortfalls are actually good for the economy, is gaining
popularity. If accepted by policymakers, this unorthodox take on financial
strategy could affect everything from job creation to the price of goods to the
tax code. (Washington Post) [ Not as bad as it looks? Yeah! It’s worse! When I
saw this headline juxtapsed with Dylan, immediately apropo to the moment was
‘Blowin’ (in the) Wind’ by Bob Dylan. How totally preposterous; not that it is
totally unexpected that such spin, defense of the indefensible is inevitible
inasmuch as, prudent or not, like it or not, that’s the way it is in a very big
way. So big in fact, that it is literally insurmountable leading to Weimar
over-printing of fiat paper currency of unprecedented historical proportion
which has already required ‘cover stories’/obfuscation for the consequent
ratcheting of food / energy prices, etc., with other costs soon to catch up
with incomes statements as these higher prices will not be favorably received
nor successfully passed on.
Obama
looks to tame U.S. debt Spending plan would pump nearly $500 billion into
new construction projects over the next decade. (Washington Post) [ Tame u.s.
debt … Yes indeed, by more record level spending … Sounds like a plan! Well, you
know the drill; it’s an election year and it takes money ( that’s not really
there, and no, not to make money ) to if not get elected, to enable an argument
that, though contraindicated, you should be elected. I think we’ve passed the
‘fool me twice, shame on me’ threshold. Obama
Revises CBO Deficit Forecast, Predicts 110% Debt-To-GDP By End Of 2013, Worse
Deficit In 2012 Than 2011 Durden , Ben Bernanke
FTMFW Quote Of The Day Durden And the winner is... BERNANKE: HOUSING MAY NO LONGER BE VIEWED AS SECURE
INVESTMENT … Here are some other pearls of ‘is dumb’ from helicopter ben b.s.
shalom bernanke : http://albertpeia.com/30bunglebenbernankequotes.htm , How
much has Obama added to debt? OPINION | The amount he’s actually
responsible for adding to the deficit is difficult to calculate. (Washington Post) [ Well, when you’re
dealing with debased, over-printed fiat currency and insurmountable debt
levels, the precise amount of debt added on his watch matters less than the
fact that he’s increased america’s debt by an amount in excess of the total
amounts of all the nations’ presidents since Eisenhower combined. (34
Shocking Facts About U.S. Debt That Should Set America On Fire With Anger http://theeconomiccollapseblog.com http://albertpeia.com/34shockingfactsaboutusdebt.htm ‘We have all been lied to. For
decades, the leaders of both major political parties have promised us that they
can fix our current system and that they can get our national debt under
control. As the 2012 election approaches, they are making all kinds of
wild promises once again. Well you know what? It is all a giant
sham. The United States has gotten into so much debt that there will be
no coming back from this. The current system is irretrievably broken…
Professor Laurence J. Kotlikoff, the U.S. is facing a "fiscal gap" of
over 200 trillion dollars in the future. The following is a brief excerpt
from a recent article that he did for CNN...The government's total indebtedness -- its fiscal gap -- now stands at
$211 trillion.. The fiscal gap is the difference, measured in present value,
between all projected future spending obligations -- including our huge defense
expenditures and massive entitlement programs, as well as making interest and
principal payments on the official debt -- and all projected future taxes…#33 If you add up all forms of debt in
the United States (government, business and consumer), it comes to more than 56
trillion dollars. That is more than $683,000
per family…).
Milbank:
Burning bridges in Washington
(Washington Post) [ Burning bridges? What, London bridge is falling down?
(Actually, in a manner of speaking it is: George
Osborne: UK has run out of money London
Telegraph | The Government ‘has run out of money’ and cannot afford
debt-fuelled tax cuts or extra spending, George Osborne has admitted.) Oh,
sure; this, from wobama aficionado Mr. Milbank. And, despite spending more than
all the presidents since Eisenhower combined, wobama cannot obfuscate,
manipulate, mask his complete and utter failure and for once in his life must
be held accountable for even his own words (b***s***): ‘… “The president said three years ago that if he couldn’t turn
this around in three years, then this would be a one-term proposition. Well,
Republican governors are deciding it’s time to collect. It’s time for a new
president.” A third governor, Nikki Haley of South Carolina, piled on. “It was
frustrating to see that he once again was finger-pointing at everyone else, and
we don’t have that luxury,” she said, instructing the president: “Enough of the
talk.” You’d literally have to go back to Jimmy Carter’s years in the White
House, back in the 1970s, to match the liberal ideology, to match the
incompetence.” Virginia Gov. Bob McDonnell proposed a remedy …’ . After all, if he had but done what he
said he would do upon which he campaigned and was elected, though still dire,
the nation’s predicament would have been substantially improved. Moreover, if
he had done as promised, whatever the outcome, he could not have been faulted
as he so fittingly does deserve to be so now.
Gallup:
Obama's favorability lowest of any nominee since Bob Dole (Washington Post) [ There’s absolutely no
surprise here! The only real surprise is that his favorability isn’t
substantially lower. After all, the cost of maintaining even this near record
low favorability is unprecedented record high spending exacerbating pervasively
corrupt, defacto bankrupt’s america’s already insurmountable debt level
disaster. Obama
Economists Admit: 'Stimulus' Cost $278,000 per Job... , Obama's
Legacy: A Failed Recovery & Double-Dip Recession Forbes / Mariotti ‘…There will be no
significant recovery in the United States of America while Barack Obama is
President. The evidence is overwhelming: everything Obama has tried
to fuel a recovery (with his Democratic allies in Congress) has failed.
Statistics claiming jobs saved by the stimulus package were mostly fiction, and
cost American taxpayers about $275,000 each. Nearly 2-1/2 million fewer
Americans have jobs than before the stimulus… Obamacare, a program that doesn’t
create jobs, but might destroy a lot of them. He “bailed out” GM, but many
believe that his interference didn’t save GM; it merely cost taxpayers an extra
$15-20 billion, and stole from legitimate investors to buy off the UAW.
His broken campaign promises are too numerous to list. At some
point, his statute of limitations on blaming Bush runs out…’
A Warning Sign For The
World http://albertpeia.com/warningsignfortheworld.htm
Any financial system that is based on debt is doomed to fail. Today, we
are living in the greatest debt bubble that the world has ever seen, and if all
of a sudden people could not use credit to buy things our economy would
immediately ground to a halt. Unfortunately, no debt bubble can last
forever. When this current debt bubble finally bursts, faith in the
financial system is going to disappear, credit is going to freeze up and there
is going to be a massive wave of bank failures.
In
Obama’s export push, clash of U.S. interests That collision has been evident
in the U.S. airline industry, where policies that aided Boeing forced another
American company, Delta, to lose business. Experts say the approach by Obama,
who is visiting a Boeing plant today, forces him to pick winners and losers. ‘Service
sector cannot and should not lead our economy’ (Washington Post) [ Ramping
up the rhetoric; or rather, the b***s***, which is what wobama does best though
his actions and inactions since last campaign mode belie his words. First,
there isn’t enough real capital in the world to sustain america’s debt burden,
and, the over-printed fiat paper weimar dollar currency will be ‘paid for’ by
‘all’. Second, even assuming, arguendo, the absence of the foregoing
insurmountable burden / obstacle, there simply is not enough capital in the
world to retransition what’s been decades in the making overseas with modern
plants and equipment there, now here, much less being profitable to do so. Too
little, too late for wobama the b for b***s*** whose actions have consistently
belied his words, and who has literally further insurmountably bankrupted the
nation with excessively costly and uneconomic window-dressed numbers. For
example, taxpayers should get a share of the GM profits since they’re paying
for them, ie., { to pad stats - Drudgereport: Obama
Economists Admit: 'Stimulus' Cost $278,000 per Job... } and those unaffordably costly
cars { to pad sales - Drudgereport (on Government Motors): REPORT: Chevy Volt Costing
Taxpayers Up to $250K Per Vehicle... CAVUTO: Volt sales inflated with
taxpayer fleet buys... } Is
the unemployment rate misleading? WONKBLOG | Some point out that it doesn’t
count those who’ve given up looking for work. (Washington Post) [ Duh! Ya
think? I don’t even buy their raw numbers; and, even if, arguendo, their raw
numbers real, they are election year expedient at best for ‘reporting purposes’
and uneconomic, overcostly, and very, very temporary http://albertpeia.com/governmentfraudulentemploymentstats.htm . White
House was warned about Solyndra layoffs E-mails show Energy Dept. asked
firm in October 2010 to delay news of layoffs until after midterm vote.
(Washington Post) [ Those unaffordably costly jobs and those unaffordably
costly military industrial complex welfare programs . The ‘so-called improvement’? At what cost for
election appearances only? ***? Milbank:
Obama’s budget games He avoided anything resembling a serious proposal. (Washington
Post) [ I’m totally astounded! I really am! I even checked / refreshed to see
if this was a print / display error! Praise the Lord! It’s true! Criticism of
his much-loved wobama! Even pinched myself to see if I was dreaming. Who woulda think it? Tough love? I’d say
we’ll happily take any criticism of wobama by Mr. Milbank as welcomed and
nothing short of a monumental breakthrough, whatever the reason. But indeed Mr.
Milbank’s quite right and the context is surely typical wobama election-year b***s***!
Karen
Santorum: Presidential run is 'God's will' (Washington Post) [ The place they call Heaven to Karen Santorum: News
Flash – God has more important things and worlds to attend to … Further News
Flash – Though not popular fare among rationalizers … Look around you,
worldwide. Clearly, the world where the Christ was brutally crucified (it would
happen again and again here) is certainly not God’s favorite, euphemistically
speaking … Final News Flash – No, the Christ was not sent here by God to be
brutally murdered / sacrificed like some animal in some pagan ritual for the
sake of some primitive species evolved from initially notochords, primitive
chordates, and relatively more recently primitive apes. Summary Conclusion:
Decades at best, people don’t flatter yourselves; in earthly vernacular, God
doesn’t give a flyingf*** about this, or any other election. Deceivers all
(look at all the pervasive frauds, deceptions embraced by so many), do not
deceive yourselves. http://albertpeia.com/anthroindex1.htm
Gerson:
Containment won’t work with Iran
(Washington Post) [ Indeed! Because, there’s nothing to see here other than
that typical, irrational, paranoid, pro-israeli, zionist/neo-con, military
industrial complex b***s*** ! israelis
seem resigned to Iran strike
(Washington Post) [ I think Pat Buchanan just said it best: Pat
Buchanan: 300 nukes in Israel yet Iran a threat? RT | Islamic wars have brought questionable benefit to the US over
the last 20 years, former US presidential advisor Pat Buchanan, author of
Suicide of a Superpower, shared with … http://albertpeia.com/16reasonswhyonlyfoolssupportswaragainstIran.htm
Would You Support a War Against Iran If You Knew the True Facts? And, a u.s. General weighs in: Gen.
Dempsey: Iran rational actor, not after nukes Press TV | General described any
Israeli attack on Iran as “destabilizing.”
Would
You Support an Iran War If … : George Washington : 02/22/2012
http://albertpeia.com/16reasonswhyonlyfoolssupportswaragainstIran.htm
Would You
Support a War Against Iran If You Knew the True Facts?
Would you
support a war against Iran if you knew that:
Russia:
Israeli attack on Iran will bring catastrophe REUTERS | After UN nuclear watchdog declares collapse in talks
with Tehran, Russian FM says military action would have dangerous consequences.
US
Embassy In Afghanistan In Lockdown After Being Targeted By Angry Protesters
CNN | Hundreds have forced the
US embassy in Kabul into lockdown.
Super-PAC
donors act as GOP kingmakers A
rarefied group of millionaires and billionaires is acting as kingmakers in the
Republican presidential contest, often helping to decide, with a simple
transfer of money, which candidate might survive another day in race. (Washington Post) [ Let’s not limit this
‘oligarchy in action’ scenario to the republicans. After all, it took some
scrutiny from across the sea to ferret out early on a similar scenario
regarding ‘the man of the people’, ‘the man of change’ (NOT on both counts)
wobama the b for b***s***; viz., David Icke, Barack Obama: The
Naked Emperor Shocking but true revelations from David Icke| infra ‘...Obama is just more of the same, a
big smile with strings attached, and controlled completely by those that chose
him, trained him, sold him and provided his record funding, kept his many
skeletons under wraps, like the gay sex and crack cocaine .. Larry Sinclair
(from affidavit: 1. Who is Ron Allen that claims to be with your Presidential
camp, who is alleged to claim that someone claiming to represent me called
asking for $100,000, to keep me from coming forward about our (Obama and I)
November 1999 encounter of sex and cocaine use?), ... Obama is just another
Banksters' moll prostituting himself .., and that's why he supported the
grotesque bail-out of the banking system and why he will always put their
interests before the people. His financial advisors are straight from the Wall Street
'A' list, including Paul Adolph Volker (Trilateral Commission, Council on
Foreign Relations, Bilderberg Group), the head of the Federal Reserve from 1979
to 1987 and Illuminati to his fingertips. Obama has made him head of the
Economic Recovery Advisory Board, which is dominated by insiders, including its
staff director and chief economist, Austan Goolsbee, a close Obama associate
from the University of Chicago. Goolsbee is an initiate of the infamous
Illuminati Skull and Bones Society at Yale University, which also includes Boy
and Father Bush. It was Goolsbee who told the Canadian government not to worry
about Obama's attacks on the economic effects of free trade agreements because
his words were just to win votes in the election campaign. Another Wall Street
insider, the Zionist Timothy Geithner (Bilderberg Group, Trilateral Commission,
Council on Foreign Relations), was appointed by Obama to be his Treasury
Secretary. Geithner was the President of the New York Federal Reserve Bank, the
most powerful in the private Federal Reserve cartel that masquerades as
America's central bank, and he is a former employee of both the Council on
Foreign Relations and the appalling Kissinger Associates. Obama's Treasury team
locks into the inner circle around the Zionist Robert Rubin, the Director and
Senior Counselor of Citigroup, co-chairman of the Council on Foreign Relations,
and economic advisor to Obama. Rubin, a member of the Illuminati Bilderberg
Group, was the man behind Citigroup's strategy of expanding its risk in debt
markets which forced it to be rescued by taxpayers' money. The very people who
caused the financial crisis are being appointed by Obama to decide how to
respond to it (more taxpayers' money for them and their friends)’
http://albertpeia.com/obamadeceptionhighqualityversion.flv
Putin
unleashes wave of anti-American sentiment ahead of March elections Can
U.S.-Russian relations withstand damage from attacks that have gotten more
aggressive? (Washington Post) [ One can hardly expect a great leader of a great
nation as Russia (yes, it is President Putin) to roll over and bend over for a
pervasively corrupt, defacto bankrupt, meaningfully lawless nation as america surely
is. The question always boils down to the ultimate cost of better relations
with the u.s.. For indigenous populations and foreign nations that have tested
the waters of ‘better relations with america’, the outcomes have been fatal
(Iraq, Libya, etc., to name a recent few). I personally am constrained to sound
and be accused of being ‘anti-american’ (not really, but by their spin
certainly) by standing for my rights in property and constitutionally and
resisting the costly corruption by the lawless oligarchs presiding over
america’s declining / falling destiny today. The vast majority of americans
this day are being irrevocably screwed by the u.s. government which is for the
sake of current obfuscation bankrupting all in futurity. The corruption is real
in america, at the highest levels of all branches of the u.s. government, and
I’ve seen this first hand. Then there’s the illegal wars based on lies, war for
the sake of heroin production (Afghanistan), and the list goes on (Panama,
etc.). http://albertpeia.com/fbimartinezcongallard.htm Drug
war hypocrisy: drug trafficking’s big money benefits Big Brother and corrupt
banksters PF Louis | The hypocrisy of the war
on drugs is centers on the amount of drug trafficking that benefits the CIA and
international banking system. Natural
News February 1, 2012 [ http://albertpeia/americangovernmentdrugtrafficking.htm http://albertpeia/americascorruptiondrugtrade.htm http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm
http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm
] ‘The hypocrisy of the war on drugs is
outrageous when compared to the amount of drug trafficking that benefits the
CIA and international banking system. The son of a convicted notorious mobster,
John Gotti Jr, when asked in court if the family still dealt drugs cracked,
“No, we can’t compete with the government.”
Vladimir
Putin: My vision for a better Russia (Washington Post) [ I certainly agree
that Putin is a man of vision and a great leader of an historically great
nation with a long, rich history. Moreover, as he astutely points out,
candidates’ worthless promises have the hollow ring we see epitomized by the
jive-talker wobama. As Russia made the transition passing through that
oligarchical stage as mentioned, america has devolved into an oligarchy for
which there are no meaningfully enforced laws / rules and for which this
parasitic, symbiotically venal interaction between elements of all branches of
the u.s. government and the oligarchs (ie., wall street, etc.) has been
destructive domestically (ie., the national drain of corruption on k street,
huge frauds, etc.) and globally (the military industrial complex, wars, etc.).
The story of america’s rather brief history, beyond the propaganda, is, in a
nutshell, one of ‘taking without asking’, without regard to meaningful law,
common decency, or morality. The taking includes lives, property, and most
recently, liberty (as manifested in various nefarious, self-created problems
for which they provide ‘the solution’; ie., encroachments on speech, etc.).
Ter·ror·ist
(Noun): Anyone Who Disagrees with the Government : George Washington : 02/08/2012 - 01:03 Any
American Who Criticizes the Government May Be Labeled a Terrorist
SYRIA: CIA-MI6
Intel Ops and Sabotage Felicity
Arbuthnot | American and British intel agencies are in Syria
executing a plan of destabilization
Pakistan
Warns West Over Drone Killings of Innocent Civilians The Sun | Pakistan warned Britain to
help stop the American “Drone Wars” that are slaughtering hundreds of its
innocent civilians.
Iran: A Manufactured
Threat Stephen Lendman
| US media engineers recycle old messages – to pull the American mind-set
towards a new war
Five
myths about the presidency (Washington Post) [ Five? Is that all? I can
with ease rattle off fifty-five myths relative to those of the last several
decades. And, none of them flattering I might add. As for longevity, given
their attentive, quality medical care and post office (no pun intended) stress
free living, the lengthy aberation is not at all surprising to me. Well here’s
a big one not on the list: http://albertpeia.com/obamadeceptionhighqualityversion.flv
Why
Iran wants the bomb (Washington Post) [ Assuming, arguendo, that they do
(want the bomb – they deny it –but israel also denied or pretends by silence
what everyone knows ain’t so, or none of anyone’s business), they could always
say the why is ‘better relations with america’ as has worked for
contraindicated american favorite israel (they could also point out that at
least they didn’t steal the nuke tech from the u.s. as did israel). The
reference to alleged culpability regarding the ‘attempted’ revenge (and the
notion of revenge is important and acknoledges what all know is israel
culpability regard the assassination of the subject Iranians) killings of
israeli dips which have been described by some as false flag attempts to rally support for invading Iran. I think that say
what may, if bellicose, militant israel’s got it, so too should Iran.
Kurt Nimmo | Determined to fan the flames of hysteria and set the stage for a
devastating attack on Iran.
Prisonplanet.com | The supposed terror plot to bomb
Washington DC was yet another FBI set up.
The
Hegelian Dialectic: Infowars Nightly News
Prisonplanet.com | Derrin McBreen discusses the
Hegelian Dialectic, otherwise known as “Problem-Reaction-Solution”
London Guardian | Officials in key parts of the Obama
administration are increasingly convinced that sanctions will not deter Tehran.
Milbank:
With Hispanics, a GOP death wish (Washington Post) [ Wow! GOP death wish? A
bit melodramatic on the part of Mr. Milbank. Coupled with yesterday’s long
overdue criticism of wobama, one has to wonder whether it’s the dc drinking
water that’s the culprit. Then again, could this be a rhetorical way of
criticizing the GOP in favor of the Dems or a legitimate heads up so as to
preclude the GOP from shooting themselves in the foot. I know not nor care not;
the context is the key. Indeed, federal judiciary? Like most things american,
the federal courts are rife with corruption. Since when should politics trump
(includes corrupt judge maryanne trump barry, and shiff, matz, etc. ) judicial
integrity and experience? Answer: since america beyond the propaganda is what
inherently criminal, pervasively corrupt defacto is what america truly is and
has been. Examples of federal judicial corruption already include the likes of
sam alito among others, who though incompetent and corrupt and unequivocally
deserving of jail time, sits now on the u.s. supreme court ( http://albertpeia.com/fbimartinezcongallard.htm , and infra).
The
Post’s View Drawdown
in Afghanistan Why should troops die this year if U.S. is leaving next
year? (Washington Post) [ Indeed! But the larger question is why should they
have died in Afghanistan at all? Well, the answer’s simple, even beyond the
military industrial complex / war profiteer thing. It’s not a question of the
heroes in; but rather, it’s all about the heroin. Yes, heroin! That icky,
sticky highly addictive and devestating drug that the most sordid of organized
crime ilk here and abroad find so appealing and lucrative. And, it’s ‘high
time’ for this very newspaper (among all others and media) to step up and say
what everyone with a computer and internet connection with a desire to know
already knows; viz., the u.s. government is in the illegal drug business
(including heroin, cocaine, etc.) in a very big way. Back when I brought a RICO
action involving drug money laundering (see infra) I never in my wildest dreams
could have thought that reality to be so, yet indeed it is so.
Drug
war hypocrisy: drug trafficking’s big money benefits Big Brother and corrupt banksters PF
Louis | The hypocrisy of the war on drugs is centers on the
amount of drug trafficking that benefits the CIA and international banking
system. Natural
News February 1, 2012 [ http://albertpeia/americangovernmentdrugtrafficking.htm http://albertpeia/americascorruptiondrugtrade.htm http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm
http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm
] ‘The hypocrisy of the war on drugs is
outrageous when compared to the amount of drug trafficking that benefits the
CIA and international banking system. The son of a convicted notorious mobster,
John Gotti Jr, when asked in court if the family still dealt drugs cracked,
“No, we can’t compete with the government.”
Today in Afghanistan, American troops have been seen
guarding poppy fields used to make heroin. Those fields were all but wiped out
by 2001 when the Taliban destroyed them and forbade that agricultural pursuit.
Now they’re flourishing again after the American occupation.
This doesn’t make sense despite all the mainstream
reports that American troops are protecting the poppy farmers from the bad
guys. Internet sites such as Prison Planet, Info Wars, The Political
Coffeehouse and others report otherwise. They connect the CIA and US military
to restarting the poppy fields in Afghanistan in 2002, increasing poppy growth
by over 650 percent. Who’s telling it like it is?
The CIA’s secret operations to influence journalism
started in the 1950s by infiltrating the media and bribing journalists to be
operatives and assets for the CIA. By 1976, then CIA director William Colby
reportedly bragged that the CIA owned the press. Supposedly, this too secret to
name operation was coined “Operation Mockingbird” by Deborah Davis in her book Katherine
the Great.
Operation Mockingbird worked well against prize
winning journalist Gary Webb when his newspaper, the San Jose Mercury News,
ran his in depth series on CIA drug trafficking that flooded the USA to help
finance the CIA backed Nicaraguan Contras during the 1980s.
Journalists all over the USA jumped on the series,
claiming Webb’s journalism was shoddy. The newspaper had to recant and fire
him, and Gary Webb was black listed from mainstream journalism completely.
Webb retaliated by having his book Dark Alliance
published and making the NY Times best seller list, forcing some of his
critics to privately eat crow after the fact.
Despite the CIA’s control of the press, a few Mexico
and Central America cocaine busts of plane cargoes and discoveries of large
cocaine stashes on crashed planes with CIA hired pilots flying them for front
companies did hit the mainstream news, albeit briefly.
Remember the movie “Air America?” It was based on an
actual CIA owned front company transporting tons of heroin from Southeast
Asia’s “Golden Triangle” poppy fields during and after the Vietnam conflicts.
Now Afghanistan and the “Golden Crescent” are the featured opium/heroin conduit
sources.
When the U.S. government made deals with the Cosa
Nostra mafia to help police ports and harbors during WW II, they breathed life
into the heroin trade. Eventually, Marseilles, France was set up by the
Corsican mafia to become the “French Connection” for heroin traffic.
But opium trade history goes back further, to
colonial times and early America. That’s when American shipping magnates used
their fast Clipper Ships to compete with England’s monarch sanctioned dope
running East India Company for transporting opium to China.
A few key players created family fortunes from the
China opium trade that exist today within some northeast America’s “old money”
families.
Among the familiar family names, according to Wikipedia
(source below) is Forbes. Another source mentions Astor, a prominently
wealthy philanthropic family around New York today (Wiki source below). In
those days, trafficking dope was a legitimate business endeavor, immoral but
not illegal.
Now it is illegal as well. Ironically, this allows
the biggest illicit drug providers to financially benefit the CIA and
international banking.’
Sources for this article include:
http://whatreallyhappened.com/RANCHO/POLITICS/MOCK/mockingbird.php
http://en.wikipedia.org/wiki/Forbes_family
http://en.wikipedia.org/wiki/John_Jacob_Astor
http://thepoliticalcoffeehouse.com/2011/12/01/us-military-opium-afghanistan/
http://www.minormusings.com/Drugs/Mask.html
See
also:
Big Banks, Gov’ts
Collude in Drug War Hypocrisy
Much Of Afghan Drug
Money Going To ‘Our Friends’
Steady
Stream of Drug Money Departs Afghanistan, U.S. Officials Flummoxed
Afghan CIA Drug
Kingpin Shot Dead by Own Bodyguard
Afghanistan drug trade
hits $4 billion a year
Occupiers involved in
drug trade: Afghan minister
US and NATO protecting Afghan
drug trade
B.C. RCMP seize
60,000 poppy plants in record haul
NATO rejects
Russian call for Afghan poppy spraying
War
on drugs is a hoax: US admits to guarding, assisting lucrative Afghan opium
trade
UN: Afghan
opium production up by 61% under NATO’s watch
DOJ:
Drug Cartel’s Influence Extends Well Beyond Border Well Into the U.S.
2012 Update: What Part III of the financial crisis will look
like
http://www.stansberryresearch.com/pro/1108PSINEWVD/PPSIN138/PR
http://www.stansberryresearch.com
http://www.stansberryresearch.com/pro/1108PSINEWVD/PPSIN111/PR
http://www.albertpeia.com/stansberrysinvestmentadvisory.flv
http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm
http://albertpeia.com/3real2.png
http://albertpeia.com/3real3.png
http://albertpeia.com/3real4.png
I
Can’t Take It Anymore! When Will The Government Quit Putting Out Fraudulent
Employment Statistics? http://theeconomiccollapseblog.com http://albertpeia.com/governmentfraudulentemploymentstats.htm
The
Post’s View Drawdown
in Afghanistan Why should troops die this year if U.S. is leaving next
year? (Washington Post) [ Indeed! But the larger question is why should they
have died in Afghanistan at all? Well, the answer’s simple, even beyond the
military industrial complex / war profiteer thing. It’s not a question of the
heroes in; but rather, it’s all about the heroin. Yes, heroin! That icky,
sticky highly addictive and devestating drug that the most sordid of organized
crime ilk here and abroad find so appealing and lucrative. And, it’s ‘high
time’ for this very newspaper (among all others and media) to step up and say
what everyone with a computer and internet connection with a desire to know
already knows; viz., the u.s. government is in the illegal drug business
(including heroin, cocaine, etc.) in a very big way. Back when I brought a RICO
action involving drug money laundering (see infra) I never in my wildest dreams
could have thought that reality to be so, yet indeed it is so.
Drug
war hypocrisy: drug trafficking’s big money benefits Big Brother and corrupt
banksters PF Louis | The hypocrisy of the war on drugs is centers on the
amount of drug trafficking that benefits the CIA and international banking
system. Natural
News February 1, 2012 [ http://albertpeia.com/americangovernmentdrugtrafficking.htm http://albertpeia.com/americascorruptiondrugtrade.htm http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm
http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm ] ‘The
hypocrisy of the war on drugs is outrageous when compared to the amount of drug
trafficking that benefits the CIA and international banking system. The son of
a convicted notorious mobster, John Gotti Jr, when asked in court if the family
still dealt drugs cracked, “No, we can’t compete with the government.”
Today in Afghanistan, American troops have been seen
guarding poppy fields used to make heroin. Those fields were all but wiped out
by 2001 when the Taliban destroyed them and forbade that agricultural pursuit.
Now they’re flourishing again after the American occupation.
This doesn’t make sense despite all the mainstream
reports that American troops are protecting the poppy farmers from the bad
guys. Internet sites such as Prison Planet, Info Wars, The Political
Coffeehouse and others report otherwise. They connect the CIA and US military
to restarting the poppy fields in Afghanistan in 2002, increasing poppy growth
by over 650 percent. Who’s telling it like it is?
The CIA’s secret operations to influence journalism
started in the 1950s by infiltrating the media and bribing journalists to be
operatives and assets for the CIA. By 1976, then CIA director William Colby
reportedly bragged that the CIA owned the press. Supposedly, this too secret to
name operation was coined “Operation Mockingbird” by Deborah Davis in her book Katherine
the Great.
Operation Mockingbird worked well against prize
winning journalist Gary Webb when his newspaper, the San Jose Mercury News,
ran his in depth series on CIA drug trafficking that flooded the USA to help
finance the CIA backed Nicaraguan Contras during the 1980s.
Journalists all over the USA jumped on the series,
claiming Webb’s journalism was shoddy. The newspaper had to recant and fire
him, and Gary Webb was black listed from mainstream journalism completely.
Webb retaliated by having his book Dark Alliance
published and making the NY Times best seller list, forcing some of his
critics to privately eat crow after the fact.
Despite the CIA’s control of the press, a few Mexico
and Central America cocaine busts of plane cargoes and discoveries of large
cocaine stashes on crashed planes with CIA hired pilots flying them for front
companies did hit the mainstream news, albeit briefly.
Remember the movie “Air America?” It was based on an
actual CIA owned front company transporting tons of heroin from Southeast
Asia’s “Golden Triangle” poppy fields during and after the Vietnam conflicts.
Now Afghanistan and the “Golden Crescent” are the featured opium/heroin conduit
sources.
When the U.S. government made deals with the Cosa
Nostra mafia to help police ports and harbors during WW II, they breathed life
into the heroin trade. Eventually, Marseilles, France was set up by the
Corsican mafia to become the “French Connection” for heroin traffic.
But opium trade history goes back further, to colonial
times and early America. That’s when American shipping magnates used their fast
Clipper Ships to compete with England’s monarch sanctioned dope running East
India Company for transporting opium to China.
A few key players created family fortunes from the
China opium trade that exist today within some northeast America’s “old money”
families.
Among the familiar family names, according to Wikipedia
(source below) is Forbes. Another source mentions Astor, a prominently
wealthy philanthropic family around New York today (Wiki source below). In
those days, trafficking dope was a legitimate business endeavor, immoral but
not illegal.
Now it is illegal as well. Ironically, this allows
the biggest illicit drug providers to financially benefit the CIA and international
banking.’
Sources for this article include:
http://whatreallyhappened.com/RANCHO/POLITICS/MOCK/mockingbird.php
http://en.wikipedia.org/wiki/Forbes_family
http://en.wikipedia.org/wiki/John_Jacob_Astor
http://thepoliticalcoffeehouse.com/2011/12/01/us-military-opium-afghanistan/
http://www.minormusings.com/Drugs/Mask.html
See
also:
Big Banks, Gov’ts
Collude in Drug War Hypocrisy
Much Of Afghan Drug
Money Going To ‘Our Friends’
Steady
Stream of Drug Money Departs Afghanistan, U.S. Officials Flummoxed
Afghan CIA Drug
Kingpin Shot Dead by Own Bodyguard
Afghanistan drug trade
hits $4 billion a year
Occupiers involved in
drug trade: Afghan minister
US and NATO protecting Afghan
drug trade
B.C. RCMP seize
60,000 poppy plants in record haul
NATO rejects
Russian call for Afghan poppy spraying
War
on drugs is a hoax: US admits to guarding, assisting lucrative Afghan opium
trade
UN: Afghan
opium production up by 61% under NATO’s watch
DOJ:
Drug Cartel’s Influence Extends Well Beyond Border Well Into the U.S.
TOUCH ME by THE DOORS
(Album "The Soft Parade")
{ I played this song along the album according to some other versions I was
able to find and it didn't sound well. So, I tried to write my own version
of this song - here is the result. http://www.rockmagic.net/guitar-tabs/the_doors/touch_me.crd }
INTRO:
4 times: Am Am Am G Am Am G Am Bm
2 times: Am7 Am7 Am7 G7 Am7 Am7 G7 Am7 Bm7
1 times: Am7 -stop-
VERSE:
Come on, come on, c'mon, c'mon now
G
Touch me babe,
Bm C Cm
Can't you see that I am not afraid.
A# Dm
What was that promise that you made?
D# F#
Why won't you tell me what she said?
C#
What was that promise that she made?
CHORUS:
F# Fm
Now I'm gonna love you
F# G# C#
till the heaven stops the rain.
F# Fm
I'm gonna love you
F# G# F#
till the stars fall from the sky
C#
for you and I.
Yes newt man … sounds like a plan!
Well, I just got into town about an hour ago
Took a look around, see which way the wind blow
Where the little girls in their Hollywood bungalows
Are you a lucky little lady in The City of Light
Or just another lost angel...City of Night
City of Night, City of Night, City of Night, woo, c'mon
L.A. Woman, L.A. Woman
L.A. Woman Sunday afternoon
L.A. Woman Sunday afternoon
L.A. Woman Sunday afternoon
Drive thru your suburbs
Into your blues, into your blues, yeah
Into your blue-blue Blues
Into your blues, ohh, yeah
I see your hair is burnin'Hills are filled with fire
If they say I never loved you
You know they are a liar
Drivin' down your freeways
Midnite alleys roamCops in cars, the topless bars
Never saw a woman...
So alone, so alone
So alone, so alone
[ Lyrics from:
http://www.lyricsfreak.com/d/doors/la+woman_20506553.html ]
Motel Money Murder Madness
Let's change the mood from glad to sadness
Mr. Mojo Risin', Mr. Mojo Risin'
Mr. Mojo Risin', Mr. Mojo Risin'
Got to keep on risin'
Mr. Mojo Risin', Mr. Mojo Risin'
Mojo Risin', gotta Mojo Risin'
Mr. Mojo Risin', gotta keep on risin'
Risin', risin'
Gone risin', risin'
I'm gone risin', risin'
I gotta risin', risin'
Well, risin', risin'
I gotta, wooo, yeah, risin'
Woah, ohh yeah
Well, I just got into town about an hour ago
Took a look around, see which way the wind blow
Where the little girls in their Hollywood bungalows
Are you a lucky little lady in The City of Light
Or just another lost angel...City of Night
City of Night, City of Night, City of Night, woah, c'mon
L.A. Woman, L.A. Woman
L.A. Woman, your my woman
Little L.A. Woman, Little L.A. Woman
L.A. L.A. Woman Woman
L.A. Woman c'mon
THE END
D C D
This is the end, beautiful friend.
C D
This is the end, my only friend, the end
C G D
of our elaborate plans, the end
C D
of everything that stands, the end,
C G D
no safety or surprise, the end.
C D
I'll never look into your eyes again.
C D
Can you picture what will be,
G7 D
so limitless and free,
C D G D
desp'rately in need of some stranger's hand,
C D
in a desp'rate land.
D
Lost in a roman wilderness of pain,
and all the children are insane... x 2
waiting for the summer rain.
There's danger on the edge of town,
Ride the king's highway.
Weird scenes inside the goldmine;
ride the king's highway west, baby.
Ride the snake... x 2
to the lake,
the ancient lake, baby.
The snake is long,
seven miles;
ride the snake,
he's old and his skin is cold.
The West is the best... x 2
Get here and we'll do the rest.
The blue bus is calling us... x 2
Driver, where you taking us?.. x 2
(spoken)
D
The Killer awoke before dawn,
he put his boots on,
he took a face from the ancient gallery,
and he walked on down the hall.
He went to the room where his sister lived,
and then he paid a visit to his brother,
and then he walked on down the hall.
And he came to a door,
and he looked inside,
"Father?"
"Yes, son?"
"I want to kill you.
Mother I want to....."
Come on, baby, take a chance with us,
and meet me at the back of the blue bus... x 3
Come on, yeah.
Gingrich:
Today’s college students are coddled (Washington Post) [ Oh riiiiight, Ché
Newty the Revolutionary! They’ve got no jobs and an insurmountably bankrupt
nation to look forward to thanks in large part to you, your ilk, your peers,
wobama et als; and, notably, through no fault of their own. Besides, says
newty, ‘kids, they comb their hair in that funny way’. Riiiiight, snooty newty, there’s those
‘janitorial jobs’ for which there are even waiting lists of applicants for even
those jobs according to reports. Say anything, Ché Newty the Revolutionary! As
per wobama, words are cheap; but as we all now know, ultimately very costly
when they’re more rhetoric / b***s*** than truth / reality! Gingrich
turns to advisers who believe supply-side economics is the answer Advisers
believe solution to nation’s deficit is to spur growth through tax cuts and
deregulation. (Washington Post) [ Oh riiiiight! Worked like a charm in creating
the last few fraud-induced debacles in this ongoing crisis, and the trickle
never quite seems to trickle down that far. Yet, it appears the slimy newt’s
found a kindred spirit in that malleable italian, peter ferrara ( ‘Peter
Ferrara describes himself as Gingrich’s chief economic policy adviser and has
won praise from Gingrich on the campaign trail. A lawyer and libertarian
scholar who had long advocated privatizing Social Security — and once
acknowledged taking payments from Jack Abramoff to write favorable op-ed pieces
about the lobbyist’s clients — Ferrara said he talks to Gingrich almost
daily…’), and the frauds on wall street will just love his social security
privatization / new blood for the infamous blood-sucking squid (goldman sachs),
to keep the ponzi padded with fresh dough once again on the backs of taxpayers
(kind of a ‘k street’ kind of drain). Focused regulation of areas of the
economy prone to fraud, ie., wall street, and deregulation as to others, ie.,
small businesses, is a more optimal course.( Bribes,
Chinese mob ties alleged at Casino of Gingrich money man Sheldon Adelson Denies Wrongdoing as FBI, SEC Probe
Alleged Corrupt Practices …).
Sargent:
Romney camp — Newt ‘erratic, reckless’ (Washington Post) [ Yeah, that slimy
newt; erratic, reckless … (n)e(u)rotic, feckless. I’m still on the edge of my
chair as to what sweet Nancy’s got on the slimy newt though her lips are sealed
even as the daredevil newty says, bring it on, let’s hear what she’s got, which
of course newty would already know yet might not register with him given his
unconflicted, sociopathic, ‘revolutionary’ nature. Let’s hear it, Nancy! Pelosi: Gingrich Will Not Get The Nomination, There Is
Something I Know CNN | “There is something I know. The Republicans,
if they choose to nominate him that’s their prerogative. I don’t even think
that’s going to happen.” , Drudgereport: PELOSI
THREAT: NEWT WON'T BE PRESIDENT 'THERE IS
SOMETHING I KNOW' { And, what is that Nancy, pray tell…that newty
has a coutee (vagina) and Calista is a lesbian? Or, that the newter has a
couter and Calista is a man? Please do tell! }
Scientists
fear end of trips to Mars They’re worried and angry as the White House
won’t commit to the plan to explore the red planet. (Washington Post) [ Been
there, done that courtesy of Brian DePalma. Why waste money the nation doesn’t
have by going back? After all, the nation is defacto bankrupt. buzz aldrin wants to colonize Mars … Riiiiight buzzed!
Better check with DePalma to see if he already has the footage in the can since
you won’t be able to use the moon footage for the new boondoggle video ...
‘Mission to Mars’ … Previous: OBAMA
SPEECH OUTLINES PLANS FOR RETURNING DEFACTO BANKRUPT U.S. TO SPACE – OOOOOH!
SOUNDS LIKE A PLAN … FOR INNER SPACE (IMAGINATION).
Astronauts'
tracks, trash seen in new moon photos [ The easiest thing in the
world to contrive (don’t forget they can with some precision today send
robotics to ie., mars, etc.) and doctor so don’t be taken in by their
fraudulent b***s***! They’re probably desperately looking for some money /
budgetary consideration for their continued boondoggles. No man has ever set
foot on the moon to date. As
NASA transitions, U.S. space politics in a state of flux (Washington Post) [ U.S. space politics? I
didn’t know there was such a thing. But I, and I’m sure all know that ‘u.s.
politics are spaced’. Flux? One could only hope. I’d say, ‘fleeced’; as in
we’ve all been fleeced. Sterner:
5 myths about NASA (Washington
Post) [ If you can’t get past the first myth; viz., that they actually set foot
on the moon, the other 5 so-called myths become irrelevant. Indeed,
post-Eisenhower, and certainly post-Kennedy-assassination / coup d’etat, NASA
was all military / military industrial complex (moreover, someone knowledgeable
about such matters said essentially that in explaining to my surprise the
transition to the shuttle program it was said there was greater military
application in same). In any event, Russia’s been doing quite a bit of ‘heavy
lifting’ vis-ŕ-vis the space station, but not inordinately so. All I can say
with certainty is that the universe beyond this solar system is forever
protected / insulated. The fact is, they never set foot on the moon; and, in
light of the pervasive corruption in and defacto bankruptcy of the nation,
their perpetual wars toward making a hell on earth militate against anything
but trying to do even just a little bit better (for a start),
terrestrially. NASA wants
mission to bring Martian rocks to Earth (AP) Why? They already have
that and more: Launch
of secret US space ship masks even more secret launch of new weapon The
Militarization of Outer Space: The Pentagon’s “Space Warriors” Global Research | It’s not as if
things aren’t bad enough right here on planet earth. Now the Defense Department
wants to up the stakes with new, destabilizing weapons systems that will
transform low- and high-earth orbit into another
“battlespace.”
Economy
makes election a nail-biter Few of the proposals laid out by the president
Tuesday would jump-start the economy before November. ‘Once
again, long-winded on rhetorics but short on specifics’ (WP) [ No … it’s
not the economy that makes the election a nail-biter. Rather, it’s wobama’s
‘long-winded on rhetorics but short on specifics’ typical b***s*** that makes
for this a ‘nail-biter’. No specifics? Indeed! From ‘wobama speak’ we can
surmise from this ‘hedge’ that at least he wouldn’t be vulnerable to the
legitimate accusations that his actions (and non-actions) belie his words as
last time around. As for the economy, it’s all that bad and worse! Are
George Soros, The IMF And The World Bank Purposely Trying To Scare The Living Daylights
Out Of Us? [ Short answer: No! The
crisis is real! ] http://albertpeia.com/diretimesahead.htm
.
[GOP
reactions reflect party divisions Indiana Gov. Mitch Daniels makes official
response, but Romney and Cain also offer their takes. (WP) [ Although I didn’t
listen to / watch wobama’s b***s*** session (his words are absolutely worthless
and as last time around, belied by his misguided deeds), I did pay attention to
the intelligent, succinct, poignant Republican Response by Mitch Daniels, Gov.
Indiana, and confidently say, if he so chooses the path, he will prospectively
be President. A way his formidable background and talents could more quickly be
brought to the fore would be a Ron Paul / Mitch Daniels ticket which would be a
Mitch Daniels candidacy then Presidency in 2016. This would give the nation and
the world ‘time to breath’ while recovering from wobama way of failings / missteps. You can’t ignore Oliver
Stone’s sagacious opinion in such matters as these. ( Oliver Stone: I Would Vote For Ron Paul Over Obama Steve Watson | “He’s the only one who’s saying
anything intelligent about the world”. ) His great film anthology speaks for
itself and has ‘caught and treated’ some of the most significant, recent
american historical ‘breakpoints’.]
Limbaugh: Ron Paul “Sounds Like An Islamic Terrorist” Steve
Watson | Says he would have no problem with TSA detaining US Congressman. [ Ah,
come on. You got to infer something’s supplanted limbaugh’s hillbilly heroin
and clouding his judgement. He’s watched too much ‘24’ (while sampling his
‘talk radio’ among others, he’d talk of this show as if reality) ‘under the
influence’ which has had the desired mainstream hypnotic effect on his bloated
/ clouded perspective. ]
It cites some of the most breathtakingly
self-congratulatory statements that I’ve ever seen from a politician, and that
is a high bar.
Last month: “I think I am a transformational figure.”
(Shouldn’t there have been a footnote crediting Barack Obama with that line?)
In 1985, when he was a backbencher in the Reagan
G.O.P., to put it generously: “I want to shift the entire planet. And I’m doing
it … I represent real power.” (Maybe that explains global warming.)
In 1992, when he was on the verge of becoming Speaker
of the House, one of the most non-revolutionary things you can do: “I am
essentially a revolutionary.”
And in 2005: “I first talked about [saving
civilization] in August of 1958.” It’s fairly impressive that Mr. Gingrich
remembers the exact date he first mentioned saving civilization. Too bad it’s
now been almost 54 years and he still hasn’t done it.
All politicians love to compare themselves to
previous politicians, and Republicans especially love to compare themselves to
Abraham Lincoln, whose Republican Party, of course, had no connection to the
current one apart from the name. But Mr. Gingrich truly excels at this, as in
all other matters egotistical.
The Romney news release, which is carefully sourced,
contains examples of Mr. Gingrich likening himself to Abraham Lincoln, Ronald
Reagan, Margaret Thatcher (another revolutionary, essentially), Woodrow Wilson,
Henry Clay, Charles de Gaulle (aren’t Republicans supposed to disdain the
French?), William Wallace (from the movie “Braveheart,” not the actual William
Wallace); the Duke of Wellington (presumably not for the beef or the boots),
Thomas Edison, Vince Lombardi, the Wright brothers, and any old Viking. And
Moses…’ [In this respect, viz., potentially suffering from a narcissistic
personality disorder, he’s not so different from wobama the b for b***s***]: ‘…
During a recent 60 Minutes interview,
Barack Obama said that only 3 presidents in U.S. history accomplished more than
he did during the first two years of his presidency….
“The issue here is not going be a list of
accomplishments. As you said yourself, Steve, you know, I would put our
legislative and foreign policy accomplishments in our first two years against
any president — with the possible exceptions of Johnson, F.D.R., and Lincoln —
just in terms of what we’ve gotten done in modern history. But, you know, but
when it comes to the economy, we’ve got a lot more work to do.”
He had to be joking, right? Sadly, he was not
joking…’ The
Economic Collapse December 21, 2011 http://albertpeia.com/40piecesevidenceusdecline.htm
[Truth be
told, though a narcissist ‘floats’ between feelings / emotions of grandiosity
and inferiority, I do believe much of wobama’s obfuscating grandiosity stems
from and masks his feelings of insecurity; and, his displays of grandiosity
have worked so well for him in the form of b***s*** that he’s continued this
rather ‘doomed to failure, course par’ approach to literally all matters, of
state and otherwise.]
Romney, Gingrich clash sharply in debate The former Massachusetts governor attacked the former House speaker as a failed leader, a K Street influence peddler and a candidate who would put the party at risk in the general election. Gingrich’s firm paid $25,000 a month by Freddie, according to contract (Washington Post) [ True enough, sweet mitt; the slimy newt’s just an unscrupulous peddler; and none other than Frank’s ‘rat pack bro’, the Dino is ushered in from beyond by Frank to croon in his smooth as greecey italian way and warn us all:
The Peddler’s Serenade {recorded 1962 Dean Martin joined Frank Sinatra's Reprise ... "The
Peddler's Serenade" (Jimmy Eaton / J.J. Corvo / Paul McGrane}
There’s a peddler and
former speaker of the house
Was forced to resign
‘cause he’s such a louse
The peddler slimy newt
with nothing of substance to sell
Just like wobama will
bring the nation down to hell
(Actual lyrics in pertinent part)
There's a peddler comes to our house
With such wonderful
bargains to sell
And he starts our
hearts to tingling
Just as soon as he
pushed the bell …
Fannie,
Freddie writedowns too costly: regulator WASHINGTON (Reuters) - The
regulator for Fannie Mae and Freddie Mac told lawmakers
that forcing the two mortgage firms to write down loan principal would require
more than $100 billion in fresh taxpayer funds… [ In other words, like the fed,
banks, fannie/freddie are carrying
worthless toxic assets ‘marked to anything’. ]
The
two faces of Newt Gingrich With few campaign advisers to keep him on track,
the candidate is showing his nasty side. (Washington Post) [ Yes indeed, we see
‘both sides now’ of ‘nasty newt’; as ominously warned by the sound from beyond
of none other but Frank { Performed by
Frank
Sinatra 1968, Written by Joni
Mitchell First release Both Sides Now by Judy Collins on audio
album Wildflowers
(November 1967) }
Rows and flows of newt’s white hair
And icy screams from bombs in the air
And unfettered cannons ev'rywhere
I've looked at mushroom clouds that way …
Krauthammer:
The GOP’s suicide march (Washington Post) [ Wow! Mr. Krauthammer must have
been having a ‘bad hair day’. Suicide march? I don’t think so. I even was
compelled to look up his (vaulted mis)use of ‘manichean’ (definitions infra) in
his rather grimly devised piece. Whew! Time to break out the ‘sackcloth and
ashes’. I truly have never seen Mr. Krauthammer so ‘off his game’. If one can’t
appreciate the ultimate ‘raison d’etre’ for the occupy movement vis-ŕ-vis the
egregious, gargantuan, still unprosecuted wall street frauds, clearly, that
person’s not been paying attention; and, to ignore same is to do so at the
nation’s peril [ Obama
flush with financial sector cash The president has managed to raise more
money this year from the sector than any GOP contender. (WP) [ So much for obama
and OWS; but how ‘bout wobama and obs … yes, more ‘obama b*** s***
! The quid pro quo … the bribe … Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall
Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog Roche 'The worst part of it ...Obama, who vowed change, has done almost
nothing to fix any of it and in fact continues most of the policies that helped
get us here in the first place’ ‘INSIDE
JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant
fraud in the (many) TRILLIONS by the frauds on wall street ( and declares with
oscar in hand that not one high level wall street exec has been prosecuted …
despite ‘earning’ billions from the fraud )THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
, http://albertpeia.com/10mostcorruptpols.htm ] . I often point to the stupidity of americans
generally, but not so dumb to ignore the most basic math coupled with common
sense relative to these nation-debilitating, unjustifiable frauds, boondoggles.
At this juncture I feel obliged to state that I haven’t voted for decades (kind
of along the lines of ‘George Carlin’s famed defense of his own non-voting
record which he justified by reminding all that Hitler came to power in a full,
free, democratic election by a landslide’). Yet, on all the ‘big ones’, I’ve
always taken a prior position based on the ‘reality’ of the prospective result.
May I humbly say, I’ve never, ever been wrong. These are ‘debates’ …’words’…
geared toward positioning one or another for the opportunity of the ‘big job’.
To expect anything less than at least a ‘little bit of juglar’ is a bit naďve.
So calm down Mr. Krauthammer; nothing’s been lost. Testament to Mr. Krauthammer
being ‘off his game’ here is his positing of ‘wobama the b for b***s***’ as
being smart. Au contraire Mr. Krauthammer! Wobama’s quite dumb! If smart,
wobama would have done as he said he would do last campaign, and the nation
would have been far better off for it! Parenthetically, look to who’s pushing
the censorship bills; now, that’s political desperation! To cheer Mr.
Krauthammer up, there’s also that egregious ‘Keystone’ misstep which even The
Post’s Editorial Board felt compelled to point out. We’ll just chalk this up to
‘(temporary) situational anxiety disorder’.
Should I (Reveal) { Recorded by Frank Sinatra Songwriters: Nacio Herb Brown, Arthur Freed }
Romney,
Gingrich clash sharply in debate The former Massachusetts governor attacked
the former House speaker as a failed leader, a K Street influence peddler and a
candidate who would put the party at risk in the general election. Gingrich’s
firm paid $25,000 a month by Freddie, according to contract (Washington
Post) [ True enough, sweet mitt; the slimy newt’s just an unscrupulous peddler;
and none other than Frank’s ‘rat pack bro’, the Dino is ushered in from beyond
by Frank to croon in his smooth as greecey italian way and warn us all:
The Peddler’s Serenade {recorded 1962 Dean Martin joined Frank Sinatra's Reprise ... "The
Peddler's Serenade" (Jimmy Eaton / J.J. Corvo / Paul McGrane}
There’s a peddler and
former speaker of the house
Was forced to resign
‘cause he’s such a louse
The peddler slimy newt
with nothing of substance to sell
Just like wobama will
bring the nation down to hell…
Marcus:
Gingrich shoots the messenger Parker:
Gingrich’s plea of persecution
(Washington Post) [ Yeah! Poor (not really thanks to that slithery ‘k
street phenomena of money for nothing’) slimy newt. There’s really no excuse
for blaming the media. I actually believe her (could be a familiar ‘meaning of
the word is, is’ scenario) but to that I say, ‘So What’! After all, if it was a
lack of mendacity and meretricious, disingenuous hypocrisy that the media and
electorate were looking for, Ron Paul would be surging! And from beyond, we
sense Frank’s upset as he croons:
He was married and so was she
In a house of sticks that he was made to flee
She wore black and he wore white
Though she might win this fight
So what, she shot him down
So what, they were blank rounds
Bang bang, the media rang
Bang bang, the socar hillbillies sang
So what, his baby shot him down … with blanks!
My Baby Shot Me Down
Writer: BONO, SONNY / REYES, SENEN / FREESE, LOUIS /
FERM, DEMERICK SHELTON Recorded: Frank
Sinatra ‘She Shot Me Down’ 1981
(Actual lyrics in pertinent part)
I was five and she was six
We rode on horses made of sticks
I wore black and she wore white
She would always win the fight
Bang bang, she shot me down
Bang bang, I hit the ground
Bang bang, that awful sound
Bang bang, my baby shot me down …
Petri:
Grandiose Gingrich overruns awful Romney
Rubin:
In debate, Gingrich meets his match (Washington Post) [ ‘Same Debate: Two
views, the news, two different views’. The gamut … from ‘bull run to ‘bull
s***’ they did diverge. Frank’s displeased with this lack of clarity so from
beyond he adds his soothing sound … for clarity of course! :
"Tea for Two" (recorded 1947 Frank Sinatra
/ Dinah Shore) (Music/Youmans Lyrics/Caesar)
We’re discontented with candidates that are rented
With grand promises that they’ve invented
America’s now a place that’s no oasis
Where life’s weary chase is always in crisis
Far from the cries of crime victims in the city,
Where flowers pretty caress the streams
Sarcozy to hide in, and war monger side-by-side in
Don’t let lobotomy joe bidin your dreams.
Slimy newt flat on his high knee, more war plans from
Romney,
Chinese tea for two, and two for Chinese tea,
Me for who and you show me, al one!
{actual song in pertinent part}
I'm discontented with homes that are rented
So I have invented my own.
Darling this place is a lover's oasis where life's
weary chase is unknown.
Far from the cry of the city, where flowers pretty
caress the streams.
Cozy to hide in, to love side-by-side in.
Don't let it abide in my dreams.
Picture you upon my knee, just tea for two and two for tea,
Just me for you and you for me, alone! …’
The
two faces of Newt Gingrich With few campaign advisers to keep him on track,
the candidate is showing his nasty side. (Washington Post) [ Yes indeed, we see
‘both sides now’ of ‘nasty newt’; as ominously warned by the sound from beyond
of none other but Frank { Performed by
Frank
Sinatra 1968, Written by Joni
Mitchell First release Both Sides Now by Judy Collins on audio
album Wildflowers
(November 1967) }
Rows and flows of newt’s white hair
And icy screams from bombs in the air
And unfettered cannons ev'rywhere
I've looked at mushroom clouds that way …
Drudgereport: AP: ABC TO
AIR THURSDAY NIGHT...
GINGRICH
DAUGHTERS: 'The failure of a marriage is terrible and emotional experience'...
Me and My Shadow
snooty newty and his shadow
Strolling down pennsylvania avenue
snarky newty and his shadow
That’s a dream that won’t come true
snooty newty and his shadow
All alone and feeling black and blue
‘cause snooty newty and his shadow
just got mugged in front of wobama’s temp house too
I
Love Paris (Writer(s): Cole Porter) (Recorded 1959, 1960 Frank
Sinatra)
I love Paris in the spring time
No room for newt on the ballot in the fall
I love seeing newt splinter this winter when he fizzles
I love seeing newt the bummer in summer when it sizzles
Newty seems dumber,
Really don’t have to wait for summer,
to see that bummer newty fall
Ron
Paul’s achievement After a quarter-century in the wilderness, he’s within
reach of putting his cause on the map. (Washington Post) [ At first blush, I
thought by this headline this article to be Mr. Krauthammer’s vailed attempt at
sarcasm. After all, as a jewish man himself, I’ve yet to see him take a
position that could in any way be even remotely antithetical to israeli
interests; and yet, one would have to be blind and dumb not to to realize such
zionist / pro-israeli policies as foolishly adopted by the u.s. have been
unequivocally antithetical to american interests. The testament to the merger
of contraindicated american ‘interests’ with selfishly construed israeli
interests was that display of wildly cheering israeli agents on the banks of
the palisades in Weehawken, n.j. at the sight of the burning / exploding /
symmetrically imploding trade towers (including bldg. 7) on 911 (contriving
such a ‘pearl harbor event’ a neocon / military industrial complex / israeli
wet dream come true. Later history might even write this as the ‘albatross
incident’ for america). The great but substantially underrated President
General Eisenhower warned of the military industrial complex whose interests
and welfare programs have merged with those of the militant illegal-nuke totin’
israelis whose interests suddenly merged into puppet-in-chief wobama despite
wobama’s campaign rhetoric to the contrary upon which he was elected.
Parenthetically, President Eisenhower never took any crap from the terrorist
begin / israelis in contravention of American interests in the region. I truly don’t know what being a libertarian
means; but I do know that a junkie/thief/methamphetamine addict from virginia
who stole some (very valuable to me) items from me here in Socal had a father
who was one and he professed being one of sorts himself though questionable
(ie., his ‘phony’ business card with an ‘in God we trust’ logo, etc.). The
importance of Ron Paul is to point out the unsustainability of ‘same old / same
old’ without reason, purpose, advantage to any but the very greedy
short-sighted few, though substantially detrimental to the nation. After the
cold war’s end, with peace dividend to grace clinton, the substantial
achievement of Reagan / Gorbachev, if america had literally ‘done nothing’
rather than having embarked upon the ‘money-eating / war-profiteering’
adventurism along with ‘that engagement thing’ with communist china so hailed
by former ambassador to china / cia man bush, no nation could have caught up to
and passed america; some and then many have and are destined to do so (what the
heck, decades at best anyway). The fed has failed all mandates for which it
supposedly exists. They’ve literally helped consummate for the intended benefit
of the few, frauds in the trillions, to the substantial detriment of the vast
majority and the nation itself (among other culpable acts, ie., $4 trillion
missing at the new york fed, over-printing of
the ever more worthless dollars, etc.). For the israeli lobby, reality
is a frightful thing. For pervasively corrupt, defacto bankrupt america,
reality is also a frightful thing.
http://www.angelfire.com/indie/pearly/htmls/bush-carlyle.html
. Barack Obama: The
Naked Emperor Shocking but true revelations from David Icke| infra ‘...Obama is just more of the same, a
big smile with strings attached, and controlled completely by those that chose
him, trained him, sold him and provided his record funding, kept his many
skeletons under wraps, like the gay sex and crack cocaine .. Larry Sinclair
(from affidavit: 1. Who is Ron Allen that claims to be with your Presidential
camp, who is alleged to claim that someone claiming to represent me called
asking for $100,000, to keep me from coming forward about our (Obama and I)
November 1999 encounter of sex and cocaine use?), ... Obama is just another
Banksters' moll prostituting himself .., and that's why he supported the
grotesque bail-out of the banking system and why he will always put their
interests before the people. His financial advisors are straight from the Wall Street
'A' list, including Paul Adolph Volker (Trilateral Commission, Council on
Foreign Relations, Bilderberg Group), the head of the Federal Reserve from 1979
to 1987 and Illuminati to his fingertips. Obama has made him head of the
Economic Recovery Advisory Board, which is dominated by insiders, including its
staff director and chief economist, Austan Goolsbee, a close Obama associate
from the University of Chicago. Goolsbee is an initiate of the infamous
Illuminati Skull and Bones Society at Yale University, which also includes Boy
and Father Bush. It was Goolsbee who told the Canadian government not to worry
about Obama's attacks on the economic effects of free trade agreements because
his words were just to win votes in the election campaign. Another Wall Street
insider, the Zionist Timothy Geithner (Bilderberg Group, Trilateral Commission,
Council on Foreign Relations), was appointed by Obama to be his Treasury
Secretary. Geithner was the President of the New York Federal Reserve Bank, the
most powerful in the private Federal Reserve cartel that masquerades as
America's central bank, and he is a former employee of both the Council on
Foreign Relations and the appalling Kissinger Associates. Obama's Treasury team
locks into the inner circle around the Zionist Robert Rubin, the Director and
Senior Counselor of Citigroup, co-chairman of the Council on Foreign Relations,
and economic advisor to Obama. Rubin, a member of the Illuminati Bilderberg
Group, was the man behind Citigroup's strategy of expanding its risk in debt
markets which forced it to be rescued by taxpayers' money. The very people who
caused the financial crisis are being appointed by Obama to decide how to
respond to it (more taxpayers' money for them and their friends)’
Rubin:
Gingrich out for revenge (Washington Post) [ Yes, newt … revenge is sweet
and so are you … Your reward: a message and a song to sing as you pine away
about what was your day … Sweet slimy newt, once again from beyond, Frank’s got
just the sultry sound to soothe your vengeful, restless spirit, so sing it
snooty newty (but stay away from any new booty) :
Call him irresponsible - call him unreliable
Throw in undependable too
Do his foolish alibis bore you
Well he’s not too clever – he just adores trumpish people we should boo
Call him unpredictable - tell him he’s impractical
Pots of gold at ends of rainbows he’s inclined to pursue
Call him irresponsible - yes newt’s unreliable
But it's undeniably true – newt’s irresponsibly mad for madman trump et als too
Financial
Troubles For Many Nations In The New Year Bob Chapman | 2012 is going to be
quite a year with falling economies in the UK, Europe, the US, China, Japan and
the remainder of Asia. Ron
Paul’s poll numbers are up in Iowa (Washington Post) [ As indeed they should
be if people are truthful about wanting real change for the better. Historical
headwinds Gingrich, Romney and Paul against the odds. (Washington Post) [
This is without doubt the most disappointing article by an otherwise invariably
clear thinking Mr. Will. I’m glad for his disclosure (the Perry link) inasmuch
as at least there is the possibility of a modicum of reason behind what
otherwise would constitute a total ‘lack of reason’. Mr. Will sets forth some
interesting tidbits of a category of sorts of history as if prepping for a
round of Jeopardy, so obscure as they are. Relevance to today, that is also as
obscure. If Mr. Will, of all people, cannot discern the difference today, from
the america of yesterday, one does have to wonder who can. Yet, I do believe
the vast majority in america do in fact discern such a difference. Why? Because
the magnitude of that reality (of difference) is so great that one would have
to be literally brain-dead to not discern it. Pervasively corrupt and quite
literally defacto bankrupt, america’s at the cusp of a complete collapse in
every way a nation could collapse; viz., financially, economically,
politically, geopolitically, and legally. Indeed, so stark are these realities
despite organized obfuscation, the same direction / status quo is blatantly
untenable to even the most stalwart of ‘stay the course types’. Other than the
black vote (roughly 18% according to’the first black president, clinton’) and
the relatively few remaining wobama loyalists, I do believe, though belated,
it’s human nature for that clear majority to opt for the chance of survival (of
a nation) rather than the already worn path of decline as tread by wobama. Then
comes the distinction between the failed president wobama and the alternative;
Ron Paul being the ‘man, with a plan, that’s not already been ran’. New
direction, change is sorely needed; which wobama promised, but never delivered,
jive-talking con-man that he is.
George
H.W. Bush said to support Romney (Washington Post) [“I think Romney is the
best choice for us,” said poppy bush. Exactly! Though surprisingly candid given
his oft shady rhetoric; from read his lips ‘no new taxes’ to ‘he’s thinking
anew’, words he ascribed to Lincoln; he really means this ‘us’ thing; not u.s.
mind you; but literally us as in the untalented (war) criminal bush clan that
spawned two failed presidents and have rested hopes for a third (jebby the
judas – or at least a still viable political ‘leeching of america’ position –
same for his lying -9/11- buddy tom kean’s son) in the ever increasingly
desperate romney. So poor a job did poppy do, he, like ‘wobama the b for
b***s***, was a ‘one-termer’ (even bush failure 2 who ranks among the worst
presidents in american history, just a notch above wobama –the worst-, got two
terms – people were still buying into their self-created ‘national emergency
mode’ war propaganda). Then there’s his familial historical ties to fraudulent
wall street as well as even hitler et als. But then there’s the military industrial
complex so warned against by the great but underrated President General
Eisenhower that stands to gain by the bush league approach and certainly
romney’s bellicose rhetoric was made to order to accommodate such fleecing
enterprises with wars / conflicts made real thereby. ‘Best choice’ … For whom
should be the proper query? There’s the cia (and their
illegal drug business and bigger off the grid budgets http://albertpeia.com/CIAAgentAffidavit1.jpg ), the communist chinese (that engagement
thing as former ambassador that’s worked out so marvelously for america while
make ‘those few’ very wealthy), the Carlisle Group, etc.. Then there’s aipac,
israel, zionist jews, neo-cons, mental-cases like cheney, bolton, etc., and in
the case of aipac have been showing their love … not for americans/america, but
for ie., romney and themselves… With
rise, Ron Paul could be spoiler in GOP presidential race — or kingmaker As
the first votes approach in Iowa, the congressman is a serious force with the
potential to upend fight. (Washington Post) [ Spoiler? Kingmaker? How ‘bout
‘the candidate’! If there’s one thing far more scrutinizing eyes than those of
the so-called mainstream are apt to point out (ie., Tyler Durden, Jones,
Watson, etc.), it’s that the nation hasn’t fared so well with the so-called
‘establishment / mainstream candidates / favorites’. In fact, as we all know,
the substantially compromised mainstream candidates with substantially
compromised mainstream positions have proven to be downright disastrous for the
nation, the people, and the world generally. The time has come in light of
realities to say, borrowing the words from Robert Kennedy … Why not? There is
no rational argument that militates against a Ron Paul who calls things as they
are. After all, whether people like to admit it or not, the fed (like wobama
the b for b***s***) has failed virtually all of their mandates. Moreover, the
bernanke fed’s policies have helped the frauds / perps (biggest still
unprosecuted) on wall street to the detriment of literally everyone else. The
same is true of the military industrial complex war-welfare plans as warned
against by the great but substantially underrated President General Eisenhower
in terms of the few they so favored at everyone else’s expense. The examples go
on and on and are too numerous to list. Rogers:
Paul is short on appeal (Washington Post) [ Yeah … he ain’t pretty … but
this ain’t a beauty contest … Moreover, what has appeal gotten the nation? …
where has appeal gotten the nation to? … 4 years of wobama’s ‘appeal’ aka
b***s*** has left the nation in the toilet at best, cesspool at worst; and, in
large part owing to the glaring fact that if ‘wobama the b for b***s***’ had
done what he said he’d do and didn’t, the nation prospects, though still
ominous, would have been substantially enhanced. For all but Paul, it’s the
failed ‘same old, same old’ which is, as per paraphrasing Einstein, neither a
plan, nor strategy, but rather insanity. Gingrich’s
time of testingTHE TAKE | Can Gingrich survive rivals’ attacks, build a
campaign that sustains his candidacy? (Washington Post) [ ‘Time of testing’?
Oh, but he has been tested … scandal-scarred like no other, he has been found
wanting … too much … not for the nation, but himself … he’s already failed any
and all tests. Newspaper
Chaired By Private Equity Head Shockingly Endorses Mitt Romney For President;
Ron Paul On Jay Leno Tyler Durden on 12/18/2011 A few hours
ago the Des Moines Register threw
its support behind the Bain Capital founder, and the man now known to have
actively destroyed
any trace of his public "service" before his 2007 Massachusettes
office handover (with a pending response to a Reuters FOIA, which will disclose
just what it was that Romney was so tenuously shredding). Because according to
the Iowan newspaper, Mitt Romney "is the best to lead" America,
although into what, is not quite clear - perhaps the biggest Fed funded LBO
(with a Bain Capital $1 mezz piece) of all time, that of America? We don't
know. And neither does the Register's editorial board. What they do know are
hollow adjectives, such as "sobriety", "wisdom" and
"judgment" which somehow are applicable to Romney, if not so much
"betting" and "shredding." Those looking for a late night
laugh can read the OpEd below (link to tomorrow's front page here).
And ironically, while likely set to provide a very short-term boost to Romney's
chances, it is the baseless ongoing accusations against Ron Paul that will
likely solidify the groundswell behind the Texan, with such desperate platitudes
as "Ron Paul's libertarian ideology would lead to economic chaos and
isolationism, neither of which this nation can afford." Because what
America certainly needs is more of that old ideology of doing everything just
the same and hoping for the best, because if there is anything Romney's would
be predecessors have taught us is that hope apparently is a credible strategy. But perhaps
most relevant is the reminder that the Des Moines Register is a Gannett company
whose Chairman just
happens to be one Marjorie
Magner, whose bio reads: 'Ms. Magner, 61, is Managing Partner of Brysam Global Partners, a private
equity firm investing in financial services firms with a focus on consumer
opportunities in emerging markets founded in January 2007. She
was Chairman and CEO of Citigroup's Global Consumer Group from 2003 to 2005.
She served in various roles at Citigroup, and a predecessor company,
CitiFinancial (previously Commercial Credit), since 1987. Ms. Magner currently
serves as a director of Accenture Ltd. and Ally Financial Inc. and served as a
director of The Charles Schwab Corporation from February 2006 to May 2008. Ms.
Magner has broad business experience and financial expertise from the various
senior management roles she held with Citigroup." (that Romney felt the
need to ‘kiss the ring’ of failed president poppy bush says a lot about
‘regressive political persuasion’
In N.H., Romney steps up attacks on Gingrich(Washington Post) [ Yeah … he’d better get going, ratchet up the rhetoric; after all, slimy newt’s just gotten the endorsement of ‘celebrity mobster madman’s (trump’s) apprentice’, ‘gary the b’ (for berserk) busey (most notable for his role in the film ‘Tomcats’ as the guy with only half a pair of b**ls!) (Drudgereport: Gary Busey Endorses Gingrich... ). Five myths about Ron Paul (WP) [ For me, the litmus test for any candidate, though somewhat personalized, is generally applicable to the entire national electorate. It falls within that very broad category; viz., ‘been there, done that’. It is no mystery that the current wobama regime, et als are trying in every which way to censor, obstruct, and otherwise control the free-flow of information, particularly now the internet, which really works against failed administrations as that currently in place. By every measure you can gauge the success or failure of a presidency, wobama the b for b***s*** is an abject failure. There is not one reason based upon what he said he would do last time around, didn’t do, but as we now know had he done as he said the nation would have clearly been better off this day. He basically continued the policies of the prior failed presidency of war criminal dumbya bush, including the same or similarly connected players, despite having campaigned vociferously condemning same (CIA lawyer says Obama administration backed and continued virtually all Bush-era programs Natural News ). Clinton was the luckiest of all recent presidents in having the benefit of the peace dividend to smooth things over, by way of the one and only but very significant accomplishment of Reagan / Gorbachev; yet, he found ways through deep-seated mental issues to fail, which we all endured as if watching a soap opera unfold. Incompetent george h.w. bush (‘poppy’) was basically the ‘cia in disguise’ which kept up the ops which included that snookering of then american proxy, sadam hussein, by u.s. ambassador april glaspie (see more here infra) (george h.w.bush was also ambassador to communist china and we all know how that’s turned out for america; but, ‘they’ and ‘theirs’ have made a bundle.. poppy and clinton were tied by ‘virtue’ of their cia / Mena, Arkansas cocaine drop / connection [ for me that connection was devastating to my RICO case which involved the laundering of drug money through the trump casinos in atlantic city,n.j., and poppy is after all, war criminal dumbya bush’s father ( see ie., http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm , and, america also leads in the illegal drug trade, infra ) . .. calls for impeachment ..‘fast and furious debacle’. Despite campaign promises, there have been no high level prosecutions of the wall street frauds which are still extant in the trillions. That ‘8%’ unemployment; don’t completely dismiss same as they may just have enough of their stand-ins to work exactly 1 day to be counted;that’s at best... as they’ve done, manipulate/fudge/outright lie about the numbers (actual unemployment is beyond 15%). Gingrich actually carved out exceptions for fraudulent wall street to the applicability of the RICO Act to their frauds, among many other unscrupulous acts which will emerge; along with having sought the endorsement of mobster, mental case trump.. romney follows suit with a trip to kiss the ring of failed president poppy bush while cow-towing as all but Paul to the israeli lobby. So I, as should be so for the entire nation, say results count. (For me, it’s resolution of those corrupted RICO matters). Reality counts. What’s gone before has failed;new direction, policies are required. After all, Einstein did say, paraphrasing, ‘doing the same thing over and over again and expecting a different result’ is insanity. Ron Paul’s still standing!
America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious
freedom, freedom generally did they come to these shores. A rare exception to
the influx of immigrants to this young nation who turned out to be more a virus
to the indigenous peoples of this land than what could have been expected from
those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those
so positioned abroad would have represented a positive addition to the gene
pool which, borrowing from an insurance term, viz., adverse selection, springs
forth the notion of inevitability to the genocide of the indigenous populations
while guaranteeing the decline we see throughout this foundering nation. The
effects of these negative predispositions toward inherent criminality is
certainly being felt globally as well as domestically and has little to
recommend it. My own direct experience with the region(s) (particularly new
jersey, new york, virginia, connecticut, california) carves out no exception
for the prevalence of the worst of human nature; which is now collectively and
pervasively americana. Though having but 5% of the world’s population, the u.s.
has 76% of the world’s serial killers,
http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on
military than all the nations of the world combined... fed employees /
contractors, cia, all 3 branches of u.s. gov’t, etc., are included in this
evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall
Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic
reality [ http://albertpeia.com/grimreality.htm
Rank |
|
||
# 1 |
11,877,218 |
|
|
# 2 |
6,523,706 |
|
|
# 3 |
6,507,394 |
|
UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall
Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
The following is my comment to an LA Times article
regarding a Justice Department cover-up! As for your inquiry, all I think about
day and night is a long overdue resolution to the RICO litigation as set forth
therein:
I believe him!
Here’s some real, complicit cover-up / fraud on the
part of the federal government, et als:
October 15, 2010 (*see infra {ultimately delivered by
UPS})
Steven M. Martinez, Assistant Director In Charge
Federal Bureau of Investigation, USDOJ
11000 Wilshire Blvd., Suite 1700
Los Angeles, CA 90024
Dear Sir:
I enclose herewith 3 copies of the within DVD rom
autorun disk (which will open in your computer’s browser) as per your office’s
request as made this day (the disk and contents have been scanned by Avast,
McAfee, and Norton which I’ve installed on my computer to prevent viral attacks
/ infection and are without threat). I also include 1 copy of the DVD as filed
with the subject court as referenced therein (which files are also included on
the aforesaid 3 disks in a separate folder named ‘112208opocoan’). The (civil)
RICO action (as you’re aware, the RICO Act is a criminal statute which provides
a civil remedy, including treble damages and attorney fees, as an incentive for
private prosecution of said claims probably owing to the fact that the USDOJ
seems somewhat overwhelmed and in need of such assistance given the seriousness
and prevalence of said violations of law which have a corrupting influence on
the process, and which corruption is pervasive). A grievance complaint against
Coan was also filed concurrently with the subject action and held in abeyance
pending resolution of the action which was illegally dismissed without any
supporting law and in contravention of the Order of The Honorable Robert N.
Chatigny, Chief Judge, USDC, District Connecticut. The files below the
horizontal rule are the referenced documents as filed. (Owing to the damage to
the financial interests of both the U.S. and the District of Congresswoman
Roybal-Allard, viz., Los Angeles, the Qui Tam provisions of the Federal False Claims Act probably would apply and I
would absent resolution seek to refer the within to a firm with expertise in
that area of the law with which I am not familiar).
The document in 5 pages under penalty of perjury I
was asked to forward to the FBI office in New Haven is probably the best and
most concise summary of the case RICO Summary to FBI Under Penalty of
Perjury at Their Request (5 pages) [
ricosummarytoFBIunderpenaltyofperjury.pdf http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf
].
The correspondence I received from the Congresswoman
by way of email attachment (apparent but typical problem with my mail) along
with my response thereto is included on the 3 disks as
fbicorrespondencereyes.htm . With regard to
the calls to the FBI’s LA and New Haven, CT offices: There was one call to the
LA office and I was referred to the Long Beach, CA office where I personally
met with FBI Agent Jeff Hayes to whom I gave probative evidentiary documents of
the money laundering which he confirmed as indicative of same (he was
transferred from said office within approximately a month of said meeting and
his location was not disclosed to me upon inquiry). The matter was assigned to
FBI Agent Ron Barndollar and we remained in touch for in excess of a decade
until he abruptly retired (our last conversation prior to his retirement
related to the case and parenthetically, Rudy Giuliani whose father I stated
had been an enforcer for the mob to which he registered disbelief and requested
I prove it, which I did – he served 12 years in prison, aggravated
assault/manslaughter? – and no, there is no Chinese wall of separation – Andrew
Maloney’s the one that prosecuted gotti).
In contradistinction to the statement in said
correspondence, there is a plethora of information including evidence
supporting the claims set forth in the RICO VERIFIED COMPLAINT (see
infra). Such includes and as set forth in the case, inter alia,
There is applicable insurance / surety coverage and
neither LA, nor creditors, nor I should continue to have been damaged by this
brazened corrupt and illegal scenario, which should be resolved in accordance
with the meaningful rules of law apposite thereto.
Sincerely,
Albert L. Peia
611 E. 5th Street, #404
Los Angeles, CA 90013
(213) 219-**** (cell phone)
(213) 622-3745 (listed land line but there are
unresolved problems with the line, computer connection may be the reason but I
hesitate to chance greater non-performance / worsening by their ‘fix’ so cell
phone best for contact).{recent change 323-786-6651 -magic jack}
----------
*The foregoing and as indicated therein was
previously send 9-14-10 but delivery confirmation was flawed as set forth below
and my inquiries to the u.s. postal service rebuffed (I believe tampered with
inasmuch as your office could not locate same). This cover letter (9-13-10) is
on the 3 disks with navigable hyperlinks to the subject files for ease of
reference, including the files in the RICO action as indicated. (10-15-10) I
spoke with Rose, FBI, ADIC Secretary, who indicates once again that your office
has not received the aforesaid and which can reasonably be presumed to have
been tampered with, and hence, a violation of the federal statute concerning
same. (Ultimately delivered by UPS) ]
GOOGLE SEARCH – ‘LARRY KLAYMAN, LOUIS FREEH CORRUPT’
ABOUT 6,240 RESULTS (0.11 SECONDS)
archive.newsmax.com/articles/?a=2000/7/30/211047
Jul 31, 2000 – Judicial Watch is a public-interest
law firm that fights corruption in government. To read Larry
Klayman's
letter to Louis Freeh, ...
www.judicialwatch.org/archive/newsletter/2003/0203b.shtml
... security," said JW
Chairman Larry Klayman. "His behavior stands in stark contrast to Louis
Freeh, a man
so corrupt he destroyed the office he led, ...
www.freedomwriter.com/issue20/am15.htm
“Louis
Freeh will
finally have to answer in court for what he did to our clients. ... answers,”
stated Judicial Watch Chairman and General Counsel Larry
Klayman. ...
www.infowars.com/jw_transcript.htm
Klayman, Larry, Chairman, Judicial
Watch ... My name is Larry Klayman. ... interest group that
investigates and prosecutes government corruption and abuse. ...... They seized his
computer – these are FBI agents at the direction of Louis
Freeh, ...
www.judicialwatch.org/archive/2001/printer_921.shtml
May 3, 2001 – Because of his corrupt behavior, Freeh was placed on Judicial Watch's ...
stated Judicial Watch Chairman and General Counsel Larry
Klayman. ...
www.wnd.com/index.php?pageId=5374
May 27, 2000 – By Larry
Klayman ...
While Judicial Watch has asked FBI Director Louis
Freeh to ....
lawsuits against a corrupt and unrepentant Clinton-Gore ...
cryptome.org/trulock-v-fbi.htm
LOUIS J. FREEH, in his personal capacity; NEIL
GALLAGHER, in his No. ... COUNSEL ARGUED: Larry E. Klayman, JUDICIAL WATCH, INC., Washing-
ton, D.C. ...
America also leads in the illegal drug
trade. In fact, many researchers reveal that the war on drugs is only
utilized to control and monopolize the illicit drug trade. The US
government has been caught multiple times shipping
in cocaine [ http://www.youtube.com/watch?v=bQvbdiWgwsA , http://www.youtube.com/watch?v=UQNSoOX-dcw&feature=related , http://www.youtube.com/watch?v=gG1Id2qpSOE&feature=related , http://www.youtube.com/watch?v=tIEUhpxeuP4&feature=related , http://www.youtube.com/watch?v=DyM43Sw2OVc&feature=related ] , colluding
with certain cartels [ http://www.americanthinker.com/blog/2011/08/does_mexican_drug_cartel_have_deal_with_us_government.html ] to control the industry, and now
openly protects and
transports opium from Afghanistan
[ http://www.youtube.com/watch?v=ElEciFI0Pew ] . In
fact, Global Research points out that in 2001, “according to UN
figures, opium production had fallen to 185 tons. Immediately following the
October 2001 US led invasion, production increased dramatically, regaining its
historical levels.” This month, the U.N. announced that Afghanistan now
provides 93% of the world’s opium production [ http://www.nytimes.com/2011/10/12/world/asia/un-reports-sharp-rise-in-opium-production-in-afghanistan.html?_r=2&ref=world ] ; up 61% compared to 2010 to a whopping 5800 tons.
Although the empire tries to keep it secret, they can’t hide the
hypocrisy forever. [ website archived links http://albertpeia.com/uscocainedistributionfiles.htm
http://www.albertpeia.com/todayspage.htm
http://albertpeia.com/todaysbusinesssummarylinks.htm
http://albertpeia.com/fbimartinezcongallard.htm
http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm
http://albertpeia.com/22signsglobalrecessiondepression.htm
http://www.economist.com/content/global_debt_clock
http://www.albertpeia.com/todayspage.htm
http://albertpeia.com/fbimartinezcongallard.htm
7-19-12 NEWS / TOPICS
Business Summary / Links
The frauds on wall
street et als should be criminally prosecuted, jailed, fined, and disgorgement
imposed! Train Reading: The Stock Market Is
(Criminally) Insane The Wall Street Journal , http://albertpeia.com/archives.htm , [ECRI Stays with
Recession Call New American http://albertpeia.com/ecricallsrecession.htm , ECRI's
Achuthan: "The US Is In Recession Already" , 19
Warnings About A Coming Global Financial Catastrophe http://albertpeia.com/19warningsofglobalcatastrophe.htm , These
12 Hellholes Are Examples Of What The Rest Of America Will Look Like Soon http://albertpeia.com/12hellholesvisionofamericasfuture.htm , The
Federal Reserve Is Not Going To Save Us From The Great Depression That Is
Coming http://albertpeia.com/fedcantwontsaveusfromgreatdepression.htm 12
Signs That The Next Recession In The United States Has Already Begun http://albertpeia.com/12signsusrecessionhasbegun.htm
,
20
Signs That All Point To The Exact Same Thing - Can You Guess What That Is? http://albertpeia.com/20signspointtoeconomiccrisiscollapse.htm , Dave’s Daily: http://www.etfdigest.com
BAD DATA IGNORED IN FAVOR OF
TECH 7-19-12 { Tech? Palease, don’t make me laugh! This
‘bad news is good’ scenario based upon hopes for contraindicated, egregiously
failed QE for the benefit of the frauds on wall street only to the detriment of
everyone else with such hopium rallying stocks has gone beyond the point of
ridiculous. It’s really rather pathetic, these so-called wall street
mavens/titans of capitalism, the largest of which remain unprosecuted for their
huge, lucrative, debilitating frauds wanting/expecting even more on the public
dole. They’ve even gotten to the point where their computers are selling to
themselves for the ‘churn and earn’ along with the algo-driven contraindicated
moves up. The markets are totally cooked! Dave as always is spot-on the case!
} 11
International Agreements That Are Nails In The Coffin Of The Petrodollar http://albertpeia.com/endofpetrodollar.htm , UBS
Issues Hyperinflation Warning For US And UK, Calls It Purely "A Fiscal
Phenomenon" , …Germany Would Leave the Euro… Well, Germans
Are Already Using Deutschemarks Again!
http://albertpeia.com/germanywillleaveeuro.htm , The End of the Bernanke Put is Here http://albertpeia.com/endofbernankeput.htm , The
New Depression: The Breakdown of the Paper Money Economy , 27
Things That Every American Should Know About The National Debt http://albertpeia.com/27thingsamericansshouldknowaboutnationaldebt.htm Two
Myths That the Bulls Continue to Cling To Were Just Rendered Moot http://albertpeia.com/twobullmythsnowmoot.htm , Dustbowl: U.S. declares drought largest disaster area ever , Jobless claims fall as plants put off retooling, The
EU in Recession, the US is Entering a Recession and China is Lying About Its
Growth http://albertpeia.com/euinrecessionusrecessionchinachinakissmyhina.htm , 25
Signs The Collapse Of America Is Speeding Up As Society Rots From The Inside
Out http://albertpeia.com/25signsacceleratedamericancollapseandrotwithin.htm , 14
Incredibly Creepy Surveillance Technologies That Big Brother Will Be Using To
Spy On You http://albertpeia.com/14creepygovernmenttechnologiestospyonyou.htm
,
The
US is Entering a Recession In the Worst State in the Post WWII Period… Right As
the Fed Realizes It’s Out of Ammo http://albertpeia.com/usenteringrecessionworstinpostww2.htm , White House on weak jobs report: Don’t ‘read too much’ into it Olivier
Knox, Yahoo! News { Riiiiight!
Sounds like a plan! After all, wobama’s gotten’ by on b***s*** and ‘special
consideration’ alone, never having done anything of substance in his entire
life. Indeed, even his so-called ‘auto-biographies’ are works of what appear to
be ‘choom-gang’ induced fantasies which reveal a psychogenic/dissociative
amnesia that works well in the continuing ‘narrative’ devoid of fact on his
‘more b*** s*** campaign trail’ littered with the cowpies of stark reality.
People owe themselves and their children more than this grifter’s con which in
numbers measures more than the increased deficits of all the presidents since
President General Eisenhower combined to obfuscate his unequivocal failure. http://albertpeia.com/10waysobamakillingjobsinamerica.htm
} Computers
on Wall Street are Buying and Selling to Themselves { Churnin’ and earnin’ http://albertpeia.com/churninandearnin.htm 6-29-12 Suckers’ short covering plus high
frequency algo rally into the close to keep suckers sucked in for month,
quarter, half window dressing (manipulated stock prices, oh my! Realize that
these fraudulently induced commissions come OUT of the real macro economy which
has been a major problem for quite some time!)
7-5-12 The Biggest
Financial Scandal In History? http://albertpeia.com/anotherbiggestfinancialscandal.htm , Equities
Fumble As Broke Banks Mounting ZeroHedge.com Tyler Durden 7-5-12 , Thunder
Road Report On The Death March: Approaching A New Financial System , The
Next Imminent Bailout: Eminent Domain
} http://albertpeia.com/archives.htm - As per Dave (Dave’s Daily: http://www.etfdigest.com
‘.. There were grandiose
statements, promises and more importantly, details to be worked out. The latter
will wait since bullish algos only move on headlines and not pesky
details..’ ‘6-28-12 … But a late day
rally on
an old Bloomberg story that Italy and Spain might get some short-term help
launched algo buy programs late...’) 7-2-12
Global
Growth Outlook Weakens , Big
Banks Have Criminally Conspired Since 2005 to Rig $800 Trillion Dollar Market
George Washington 07/01/2012 … But Receive Only a Light Slap on the Wrist , 77%
of JP Morgan’s Net Income Comes from Government Subsidies JP Morgan Sucks at the Government Teat , Sorry
Folks, Spain Isn’t “Saved” And The Next Leg Down is Coming Soon / The Exact Moment Greece
Will Leave the Euro gpc1981
http://albertpeia.com/greeceyspainpain.htm , Chief
Justice John Roberts Bowed To Political Pressure And Changed His Vote On
Obamacare http://albertpeia.com/nolegalsystem.htm { The unfortunate reality is what I’ve
alluded to in the context of my own direct experience; viz., america’s ‘legal
system’ is an illegal system used to cover-up crimes, arbitrarily enforce laws
to apply pressure, etc., and essentially run by the inmates of this collective
criminal entity called america: http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm } , Houston, We
Have Contraction , China's
Landing Getting Harder As Stimulus Fails To Prime Pump , As
US Closes June With $15,856,367,214,324.44 In Federal Debt, US Debt/GDP Hits
Post WWII High Of 101.5% , 15
Reasons Why The Obamacare Decision Is A Mind Blowing Disaster For America http://albertpeia.com/15reasonsobamacareisadisaster.htm , 17
Reasons To Be EXTREMELY Concerned About The Second Half Of 2012 http://17reasonssecondhalfworse.htm , 22
Statistics That Prove That The American Dream Is Being Systematically Destroyed http://albertpeia.com/americandreamdestroyed.htm Where
Does Money Come From? The Giant Federal Reserve Scam That Most Americans Do Not
Understand http://albertpeia.com/federalreservescam.htm , The EU
Has Already Broken Up… They Just Haven’t Formalized Yet http://albertpeia.com/eualreadybrokenup.htm , http://albertpeia.com/totaleconomiccollapseseptoct.htm
, Egan
Jones Downgrades Germany From AA- To A+
, "Bankruptcy
Only Choice Left" As Stockton Set To Become Largest US City Chapter 9 , Deutsche
Bank Hides The Hopium: "The Next Recession Should Start By The End Of
August" , Richmond
Fed Plunges; Consumers Underconfident For The Fourth Month In A Row , Art
Cashin Warns: "Beware The Ides Of September" ( Suckers’ algo rally into the close off
lows; great opportunity to sell/take profits! Much worse to come! ) Dave’s Daily: http://www.etfdigest.com
http://etfdigest.com/commentary.html
BANKS RALLY ON DOWNGRADES 6-22-12 ‘It would appear the rating agencies are
either “leading from behind” or just don’t have much respect these days after
they botched the mortgage crisis’ { As
an aside, I thought Rodney Dangerfield was absolutely hilarious in that great
comedy classic, ‘Caddyshack’ and I’m glad Dave used his image here http://albertpeia.com/dangerfieldindeed.jpg }. , The
USD Trap Is Closing: Dollar Exclusion Zone Crosses The Pacific As Brazil Signs
China Currency Swap When the US
Dollar is ultimately dethroned as the world's reserve currency (and finally
gets rid of all those ridiculous three letter post-Keynesian economic
"theories") nobody will have seen it coming. Well, nobody except for
the following headlines: ""World's
Second (China) And Third Largest (Japan) Economies To Bypass Dollar, Engage In
Direct Currency Trade", "China,
Russia Drop Dollar In Bilateral Trade", "China
And Iran To Bypass Dollar, Plan Oil Barter System", "India and Japan sign new
$15bn currency swap agreement", "Iran,
Russia Replace Dollar With Rial, Ruble in Trade, Fars Says", "India
Joins Asian Dollar Exclusion Zone, Will Transact With Iran In Rupees."
And while the expansion of the "dollar exclusion zone"
was actually quite glaring to anyone who dared to look, one thing was obvious:
it was confined to ONLY A FEW DAYS LEFT TO SELL IN MAY
AND GO AWAY ! IF YOU HAVEN’T SOLD BY
JUNE YOU ARE A LUNE! Great
opportunity to sell into this short-covering / HFT algo-driven rally into the
close to window dress the bad news / bad fundamentals scenario; because, there
are no bargains on fraudulent wall street. Dave’s Daily: http://www.etfdigest.com
‘…After being down nearly 200 points markets turned around late as the infamous
2:15 PM Buy Program Express kicked-in (a few minutes late) and stocks rallied
sharply off lows as another short squeeze began…’ },
, Rajoy:
Pain in Spain to deepen despite bank rescue AP , Farage
On The Spanish Bailout: "A Reinforcement Of Failure" http://albertpeia.com/reinforcementoffailure.htm , Dave’s Daily: http://www.etfdigest.com MARKETS RETHINK SPAIN AND ITALY 6-11-12 {Contrasted to prior trading day
folly/fraud} MARKETS RALLY ON
LIGHT VOLUME 6-8-12 ‘Markets started the day off weakly then rallied late
because…wait for it, Spain is rumored to be willing to ask for help, and Obama
said European leaders face an “urgent need to act”. No, you can’t make this
kind of stuff up. His statement is about as effective as a Kofi Annan Syrian
peace plan. Search as I may, there seems to be little hard news to explain
Friday’s rally…’ { This all too familiar foolishness/fraud on wall street so
inconsonant with reality presents again a great opportunity to sell / take
profits! }, 6-7-12 Think about the preposterousness of
yesterday’s 286 point pop on the DOW based on b***s***, contraindicated hopes
for QE, etc., Previous day: 6-6-12 The ultimate suckers’ rally on hopes for
contraindicated QE which has clearly NOT WORKED for all except the frauds on
wall street enriched thereby at everyone else’s expense (higher gas prices,
costs, etc.) and to keep suckers sucked in; this is a huge opportunity to
sell/take profits. Reality from
http://albertpeia.com/nohousingrecoveryuntil2020in5charts.htm
Durden , The
Mother Of All Infographics: Visualizing America's Derivatives Universe http://albertpeia.com/usderivatives221trillionof707trillionglobal.htm
, Fasten
Your Seatbelts: High Frequency Trading Is Coming To The Treasury Market [ http://albertpeia.com/highfrequencytradingcomingtotreasuries.htm
, 22
Signs That The Collapsing Spanish Economy Is Heading Into A Great Depression
http://albertpeia.com/22signsspainheadingintogreatdepression.htm
, The
Secrets of the Spanish Banking System That 99% of Analysts Fail to Grasp http://spainbanksystemsecrets.htm
, What
Do California And Detroit Have In Common? http://albertpeia.com/californiadetroitdeclineincommon.htm
Morning Snapshot Jul 19th, 2012 by News
(USAGOLD) — Gold is well bid today, underpinned by heightened
• US Philly
Fed index improved to -12.9 in Jul, but was below expectations of -8.0, vs
-16.6 in Jun.
• US leading indicators -0.3% in Jun, on expectations of -0.1%, vs upward
revised +0.4% in May.
•
• US initial jobless claims +34k to 386k for the week ended 14-Jul, above
expectations of 365k, vs upward revised 352k in the previous week.
•
•
• Eurozone current account (sa) €10.9 bln in May, vs upward revised €5.5 bln in
Apr.
• Italy industrial orders (sa) +1.7% m/m in May, vs positive revised -1.8% in
Apr; -9.4% y/y.
• UK retail sales +0.1% m/m in Jun, vs positive revised +1.5% in May; 1.6% y/y,
down from negative revised 2.1% y/y in May.
• Japan All-Industry Index (sa) -0.3% m/m in May, vs +0.1% in Apr.
•
•
Germany
Would Leave the Euro… Well, Germans Are Already Using Deutschemarks Again! http://albertpeia.com/germanywillleaveeuro.htm ,
Why
Are So Many Bad Things Happening To America? http://albertpeia.com/americacursed.htm
7-17-12 The
Federal Reserve Is Not Going To Save Us From The Great Depression That Is
Coming http://albertpeia.com/fedcantwontsaveusfromgreatdepression.htm ‘Federal
Reserve Chairman Ben Bernanke delivered his annual address to Congress on
Tuesday, and he did very little to give lawmakers much confidence about where
the U.S. economy is heading. Bernanke told members of Congress that
recent economic data points "suggest further weakness
ahead" and that the Federal Reserve is projecting that the
“We have reached a profound point in economic history
where the truth is unpalatable to the political class – and that truth is that
the scale and magnitude of the problem is larger than their ability to respond
– and it terrifies them.” Hugh Hendry
“Given the political realities, the Fed is the only
game in town that can do anything to bolster the economy.” Senator Schumer
7-16-12 These
12 Hellholes Are Examples Of What The Rest Of America Will Look Like Soon http://albertpeia.com/12hellholesvisionofamericasfuture.htm , Criminal
Inquiry Shifts To JPMorgan's Mispricing Of Hundreds Of Billions In CDS: Is
Dimon The Next Diamond?
ZeroHedge.com Tyler Durden
7-16-12 , It's
Different This Time: The Scariest Equity Market Chart Around While analogs
for periods past have been shown time and time again, the striking similarity of the last four months of this
year and the same period last year is becoming extremely worrisome.
The rips and dips are of almost perfectly equal size and duration and retail
and professional participation is also very similar. July 21st marked the top
last year after failing to break the highs of a July 4th week peak (which
occurred on low average trade size). It would appear the bulls are hoping that
it's different this time - or else it is very scary with S&P 500 set for
the magic 1200 Bernanke Put strike very
soon. , Senate
Throws The Book At HSBC Accusing It Of Massive "Money Laundering And
Terrorist Financing", No Comment On NAR Money Laundering Yet Just
because there is already an overflow of confidence in the financial system,
here comes the Senate's Permanent Subcommittee On Investigations with a 340
page report detailing how HSBC "exposed the U.S. financial system to a
wide array of money laundering, drug trafficking, and terrorist financing risks
due to poor anti-money laundering (AML) controls." Of course, since HSBC
is one of the world's largest banks, what it did was not in any way unique, and
it is quite fair to say that every other bank has the same loose anti-money
"laundering" provisions. What HSBC was likely most at fault for was
not providing sufficient hush money to the appropriate powers in the highest
[Drug
war hypocrisy: drug trafficking’s big money benefits Big Brother and corrupt
banksters PF Louis | The hypocrisy of the war on drugs is centers on
the amount of drug trafficking that benefits the CIA and international banking
system. Natural
News February 1, 2012 [ http://albertpeia.com/americangovernmentdrugtrafficking.htm http://albertpeia.com/americascorruptiondrugtrade.htm http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm
http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm
] ‘The hypocrisy of the war on drugs is
outrageous when compared to the amount of drug trafficking that benefits the
CIA and international banking system. The son of a convicted notorious mobster,
John Gotti Jr, when asked in court if the family still dealt drugs cracked,
“No, we can’t compete with the government.”Today in
SHOCK:
Justice Dept. will not prosecute Holder for contempt of Congress...
[ Justice Department shields Holder from prosecution after
contempt vote FoxNews.com | The Justice Department
moved Friday to shield Attorney General Eric Holder from prosecution after the
House voted to hold him in contempt of Congress. DOJ
Says It Won't Prosecute DOJ Head Holder
How should we say this: we are shocked, shocked, that the DOJ won't
prosecute itself. BREAKING: DOJ says it won't prosecute
Attorney General Holder after the GOP-led House voted to hold him in criminal
contempt of Congress
– Fox see also, http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm House could arrest Holder with inherent contempt power The Washington Times | The thought is
shocking, and conjures up a Hollywood-ready standoff scene between House police
and the FBI agents. { Eh, what the
heck…you can let that go…they’re hoodied blacks, not white like Nixon, etc…;
and, be sure to hold on to your wallets, purses everyone ‘cause there’s black
folk in the capital! }
FLASHBACK
NYT: Roberts drugs 'can have troubling side effects, mental slowing and
forgetfulness'... { Wow! Who woulda thunk it, known it! I
certainly didn’t know of roberts’ condition. And, yes, the effects of said
drugs are significant, serious as set forth above and over time particularly,
debilitating. Roberts should step down, not that the u.s. supreme court is some
font of reason, sound judgment, and wisdom, even lawfulness. Indeed, quite the
contrary is true: http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm }
Sorry Bulls, The Fed
Will Not Engage in More QE. Http://albertpeia.com/nomoreqe.htm
The
Largest Natural Disaster In U.S. History: The Endless Drought Of 2012 Will Bake
America Well Into August http://albertpeia.com/bakedamerica.htm
7-13-12 Dave’s Daily: http://www.etfdigest.com
http://etfdigest.com/commentary.html
FRIDAY THE 13TH BAD NEWS BULLS
7-13-12 { I’d go even further
than Dave in terms of cynicism and point to what is tantamount to the ‘pump and
dumps’, programmed ‘churn and earn’, ponzis, etc., and posit that they already
know the news is going to be bad because the reality is that the economy,
financial institutions sitting on worthless paper marked to anything with many
trillions in derivatives exposure, the nation, the system are all broke/broken
and it’s merely their attempt in their fraudulent ‘alice in wonderland’ way to
condition the Pavlov dogs of wall street et als to salivate on the prospect of
bad news which is coming anyway. The fact is, fraudulent wall street’s paper
churning gains by way of QE are Main Street’s and the real economy’s losses.
There are no free lunches; so this is a great opportunity to sell/take profits
since there’s much, much worse to come. Really! } ‘Fed voting member Lockhart was quoted
saying: “It would take more bad news for more QE”. The bad news keeps on coming
and bulls are anxious for QE since for many they’re addicted to it. Friday the
13th was a good demonstration for the “bad news bulls” crowd. Most news was
terrible. Even JP Morgan’s (JOM) earnings news was bizarre given trading losses
and incompetent management oversight. But there are some big players with skin
in the game so they’ll take what they can get.Consumer Sentiment missed and was
lower (72 vs 73.5 expected & prior 73.2). That’s the kind of news Lacker
and bulls need more of I guess. In this ongoing
Submitted
by Tyler
Durden on 07/13/2012
"I have committed fraud. For this I feel constant and
intense guilt...
The forgeries
started nearly twenty years ago...
Should I go out of business or cheat...
I guess my ego was too big to admit failure..."
Submitted
by Tyler
Durden on 07/13/2012
UPDATE: Suicide
note details added:
While unable to successfully kill himself, it appears
the CEO of PFGBest is even less successful at evading the police. As just
reported,
What is probably more concerning to him now is the
fact that he was not a Presidential bundler
- as the Big House is
definitely calling...
U.S. investigates whether JPMorgan traders hid losses [ Duh! ]
Obama: Biggest mistake too much perspiration, not enough
inspiration [What total b***s***!] {
Biggest mistake: too much b***s***, not enough substance; that’s reality, not
spin! } White House on weak jobs report: Don’t ‘read too much’ into it Olivier
Knox, Yahoo! News { Riiiiight!
Sounds like a plan! After all, wobama’s gotten’ by on b***s*** and ‘special
consideration’ alone, never having done anything of substance in his entire
life. Indeed, even his so-called ‘auto-biographies’ are works of what appear to
be ‘choom-gang’ induced fantasies which reveal a psychogenic/dissociative
amnesia that works well in the continuing ‘narrative’ devoid of fact on his
‘more b*** s*** campaign trail’ littered with the cowpies of stark reality.
People owe themselves and their children more than this grifter’s con which in
numbers measures more than the increased deficits of all the presidents since
President General Eisenhower combined to obfuscate his unequivocal failure. http://albertpeia.com/10waysobamakillingjobsinamerica.htm
} Obama Asks
People Getting Married To Forgo Gifts...
Donate
To His Campaign Instead... [ Wobama is so pathetic! Sure, sacrifice
for the grifter wobamas so they can continue livin’ large on the taxpayer dime
while accomplishing nothing except greater public debt to hide his failure.
This from the record holder for fundraisers, 151 and counting. Then there’s the
100 plus rounds of golf in addition to being famously over-vacationed while in
office. It’s laughable to hear him blame congress for his lack of
accomplishments when the reality is that he ‘really wasn’t there’ for any of
it. For wobama the presidency is just endless debate, rhetoric, campaigning,
vacationing, soundbites from the teleprompted speeches, jive-talk, b***s***,
and ‘choom fantasy’. He’s a total fraud and failure and anyone who buys into
election-year desperation / promises, etc., is just a fool of the worst
kind! AP: ‘…THE FACTS: Five Senate
Democrats voted against sending the DREAM Act to the Senate floor for full
consideration. The bill would have created a path to citizenship for many young
illegal immigrants brought to the
Will accept
your birthday or anniversary gifts, too...
IF IT WAS ONLY ONE THING
ABOUT WOBAMA THAT MAKES HIM SO WRONG. YET, IT’S A MULTITUDE OF REALITIES; FROM
INVARIABLY BROKEN CAMPAIGN PROMISES (Roche
'The worst part of it ...Obama, who
vowed change, has done almost nothing to fix any of it and in fact continues
most of the policies that helped get us here in the first place’ ‘INSIDE JOB’ Ferguson
wins Oscar for Documentary on the unprosecuted massive extant fraud in the
(many) TRILLIONS by the frauds on wall street ( and declares with oscar in hand
that not one high level wall street exec has been prosecuted … despite
‘earning’ billions from the fraud ) Cases against Wall Street lag despite
Holder’s vows to target financial fraud WP
Obama has promised to hold Wall Street accountable for the meltdown. ‘THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv , etc.) , TO VERY REAL BIRTH ISSUES
(WHAT PERSON FAILS TO GET THEIR PLACE OF BIRTH CORRECT – THE FRAUDULENT WOBAMA
KIND http://albertpeia.com/wasntbornintheusa.htm http://albertpeia.com/obp.jpg http://albertpeia.com/impeachobama.htm ) , TO THE CURRENT
OBFUSCATING FRAUD, Obama's Five
Trillion Dollar Lie http://albertpeia.com/obamas5trilliondollarlie.htm { the
economy is already in depression in real
terms when taking into account real inflation numbers. Financial
Crisis Phase II Is Ahead at Forbes Bert Dohmen ‘ In late 2007, I wrote the book Prelude To Meltdown, predicting
the global crisis that occurred the following year. I now see a similar
confluence of events .. “the new recession has started.”… Over the past 33
years, we have called the start of every recession..Currently, the GDP deflator
is 1.8%, which hardly reflects the true rise in prices. Therefore, what is
counted as “growth,” is actually price increases. Actual inflation..is now more
than 11%. Using that to adjust GDP for inflation, would show that the economy
is now in a very sharp contraction…’ } , WOBAMA ET ALS’
DISINGENUOUS ATTACKS AGAINST ROMNEY ON WHAT WAS PRIZED AND LAUDED AS LEGAL,
COMPETENT MANAGEMENT INCREASING SHAREHOLDER WEALTH (THE TASK OF COMPETENT
MANAGEMENT) IN THOSE BLOATED, NON-COMPETITIVE TIMES CONTRASTED WITH WOBAMA’S
UNPRECEDENTED FURTHER BANKRUPTING OF THE NATION AND INDISPUTABLE FAILURE AS
PRESIDENT (Obama's
Legacy: A Failed Recovery & Double-Dip Recession Forbes / Mariotti ‘…There will be no significant recovery
in the United States of America while Barack Obama is President. The
evidence is overwhelming: everything Obama has tried to fuel a recovery
(with his Democratic allies in Congress) has failed. Statistics claiming
jobs saved by the stimulus package were mostly fiction, and cost American
taxpayers about $275,000 each. Nearly 2-1/2 million fewer Americans have
jobs than before the stimulus. Barack Obama has been President for 30
months—2-1/2 years. He spent the first year obsessed with passing Obamacare, a
program that doesn’t create jobs, but might destroy a lot of them. He
“bailed out” GM, but many believe that his interference didn’t save GM; it
merely cost taxpayers an extra $15-20 billion, and stole from legitimate
investors to buy off the UAW. His broken campaign promises are too
numerous to list…’). IT IS NOTHING SHORT OF TRAGEDY TO
SEE PEOPLE DELUDE AND MAKE FOOLS OF THEMSELVES IN SUPPORT OF JIVE-TALKING
GRIFTER/CON-MAN OBAMA. GOOD BYE FORMER FAILED PRESIDENT WOBAMA … GOOD RIDDANCE!
http://albertpeia.com/12factorsamericancitieshellholes.htm
7-12-12 Two
Myths That the Bulls Continue to Cling To Were Just Rendered Moot http://albertpeia.com/twobullmythsnowmoot.htm , Dustbowl: U.S. declares drought largest disaster area ever , Jobless claims fall as plants put off retooling ‘…A Labor Department official said the data, which is adjusted
to account for normal seasonal swings, may have been skewed because some
automakers postponed annual closures for retooling. That means
the temporary layoffs for retooling may have simply been postponed…’ , Dave’s Daily: http://www.etfdigest.com
INVESTORS BIDE TIME AHEAD OF
EARNINGS 7-12-12 ‘Jobless Claims surprised (350K vs 375K
expected & prior claim revised higher to 376K) which was a refreshing
change. But, the week was interrupted by July 4th
http://albertpeia.com/10waysobamakillingjobsinamerica.htm
Obama administration repeats same jobs line — for the 30th
month
Dave’s Daily: http://www.etfdigest.com
VOLATILE
http://albertpeia.com/neverenoughjobsinamericaagain.htm
http://albertpeia.com/10waysobamakillingjobsinamerica.htm
July 5, 2012 By gpc1981 http://albertpeia.com/germanywillbailoneuro.htm
You've
Seen It Before, And Here It Is Again: "The Chart That Tears Apart The Stimulus
Package" ZeroHedge.com
Tyler Durden ‘…"QE
2 Was A Disaster: Here Is Why US Fiscal "Stimulus" Was A
Complete Failure As Well", because, well, QE2 was a disaster…’ , Equities
Close Week Red Even As Hilsenrath Prevents Rout ‘A 10
point rally off the lows, thanks to a well-timed Hilsenrath-rumor, dragged
stocks up to their day-session opening levels (and unsurprisingly perfectly to
VWAP)…’ , Class
Action Lawsuit Filed Against GM For Channel Stuffing , Spain
May Not Be Uganda, But Will America Soon Be Argentina? , The
Four Scariest Charts For Hope-Filled 'De-Cuppers' , European
Money Market Industry Shutting Down As Goldman Closes MM Fund, Says In
"Unchartered Territory"
, Guest
Post: Border Controls Are Back In Europe , Have
Banks Been Manipulating Libor for DECADES? Posted by : George Washington Post date: 07/06/2012 - 18:03 Regulators
Say Libor Manipulation Started in 2005 ... But Industry Veteran Closely
Involved in the Libor Process Says that the Rate Has Been Manipulated for 15
Years
7-5,3-12 The Biggest
Financial Scandal In History? http://albertpeia.com/anotherbiggestfinancialscandal.htm
‘We always knew that the financial markets were
rigged, but this is getting ridiculous. It is now being alleged that 20
major banks have been systematically fixing global interest rates for
years. Barclays has already been fined hundreds of millions of
dollars for manipulating Libor (the London Inter Bank Offered Rate).
But Barclays says that a whole bunch of other banks were doing this too.
This is shaping up to be the biggest financial scandal in history, and criminal
investigations have been launched on both sides of the
What Is Libor?
As mentioned before, Libor is the London Inter Bank
Offered Rate. A recent Washington Post article
contained a pretty good explanation of what that means....
In the simplest terms, LIBOR is the average interest
rate which banks in
Why Does Libor
Matter?
If you have a mortgage, a car loan or a credit card,
then there is a very good chance that Libor has affected your personal
finances. Libor has been a factor in the pricing of hundreds of trillions
of dollars of loans, securities and assets. The following is from a
recent article by Maureen Farrell....
These traders influenced the pricing of the
Equities
Fumble As Broke Banks Mounting ZeroHedge.com
Tyler Durden 7-5-12 , Thunder
Road Report On The Death March: Approaching A New Financial System , The
Next Imminent Bailout: Eminent Domain
It seems that governmental
efforts to save the underwater and ineligible homeowner from his own fate are
reaching fever pitch. Not only do we hear
today of the up to $300mm in Agriculture Department Rural Housing Service
loans that may have financed ineligible projects or borrowers
with a high potential inability to repay the loans; but yesterday's
WSJ reports on the growing call for 'eminent-domain' powers to be used by local government officials in
California to stop the "housing
bust's public blight on their city". In yet another
get-out-of-jail-free card, the officials (helped by a friendly local hedge-fund
/ mortgage-provider) want to use the government's ability to forcibly acquire
property to remove underwater homes, restructure the mortgage (cut principal),
and hand back the home to the previously unable to pay dilemma-ridden
homeowner. As PIMCO's Scott Simon puts it: "I don't see how you could find it anything other than
appalling", as this would crush property prices further and drive up
borrowing costs. As we noted earlier, until these
mal-investments are marked to market, there will be no useful growth in our
credit-bound economy but transferring wealth to the 'mal'-investor seems like a
terrible idea. , 80%
Of The World's Industrial Activity Is Now Contracting , Guest
Post: Guess Who’s Bailing Out Bankrupt Western Governments Now... Fourteen
years ago during the Asian financial crisis,
Murdoch Dissatisfied With "Weak" Romney, Allies Say http://albertpeia.com/senilepenalmurdoch.htm { Yeah; murdoch prefers the ‘tougher’ gay
choom gang banger wobama alternative. More cream pies in his face cries the
senile old media meister. Yeah; the majority of the electorate think just like
billionaire murdoch. Let’s not kid ourselves…murdoch’s totally gone…even the
wisdom of his company’s breakup/split into two companies is being seriously
questioned. …’ Murdoch wrote on Twitter.
"Tough O
POLL: Obama
drops 8 points with whites...
... 13-point
plunge among young voters
Obama Asks
People Getting Married To Forgo Gifts...
Donate
To His Campaign Instead... [ Wobama is so pathetic! Sure, sacrifice
for the grifter wobamas so they can continue livin’ large on the taxpayer dime
while accomplishing nothing except greater public debt to hide his failure.
This from the record holder for fundraisers, 151 and counting. Then there’s the
100 plus rounds of golf in addition to being famously over-vacationed while in
office. It’s laughable to hear him blame congress for his lack of
accomplishments when the reality is that he ‘really wasn’t there’ for any of
it. For wobama the presidency is just endless debate, rhetoric, campaigning,
vacationing, soundbites from the teleprompted speeches, jive-talk, b***s***, and
‘choom fantasy’. He’s a total fraud and failure and anyone who buys into
election-year desperation / promises, etc., is just a fool of the worst
kind! AP: ‘…THE FACTS: Five Senate
Democrats voted against sending the DREAM Act to the Senate floor for full
consideration. The bill would have created a path to citizenship for many young
illegal immigrants brought to the
Will accept
your birthday or anniversary gifts, too...
www.guardian.co.uk ›
Sep 9, 2008 – Rupert Murdoch
may have told his biographer that he favoured Barack Obama rather than Hillary
Clinton because he'll sell more papers but ...
www.huffingtonpost.com/.../new-york-post-endorses-mc_n_124730....
Sep 8, 2008 – Back in
May, NewsCorp CEO Rupert Murdoch admitted
that he had "played a role" in the decision of the
finance.yahoo.com/.../Barack-Obama’s-Unlikely-Supporter-Rupert-'F...
May 29, 2008 – Murdoch's
not-quite-but-almost endorsement of Barack
Obama for ... Murdoch
added that after a long career in the Senate, McCain
had been ..., etc…
] }
CHICAGOLAND:
7-Year-Old Girl Gunned Down While Selling Lemonade Outside Home... {
An all too familiar sight in crime/corruption ridden wobama-land-chicago! }
MCCONNELL:
'Sold to American people on a deception'...
CURL: Gift
to Romney... { This may seem somewhat counterintuitive and a bit
of a rationalization; but, it is absolutely true. So true in fact, that wobama
will come to be compared to Pyrrhus of Ephyrus (W. Greece) since realization of
what this legislation won’t do for americans and the economy and what it
actually does will not have the galvanizing effect that striking the bill down
would have had on voters who were thinking ‘another free lunch from the
government’ will save them (we all now know better, no such thing). Yes, in
somewhat European tradition, defacto bankrupt
HISTORIC:
HOUSE VOTES HOLDER IN CONTEMPT...
DEM HOODIED
BLACKS PLUS WALK OFF FLOOR...
{ In sum, to conclude, though comfortably familiar
to aussie murdoch, himself the product of penal colony progeny in what has now
tantamount to a global penal colony with inmates running the
institution/asylum, rupee the poopee is less comfortable with fact/reality of
his global irrelevance. Moreover, the inmates who neither see nor hear are not
children of a lesser God; but rather, children of a lesser world. Lamentably
for some as he, God has not nor ever will abolish capital punishment with time
of the essence. From a pragmatic and least self-destructive perspective,
realize that give enough rope to blacks, they won’t hang themselves, they will
hang you. That’s just the way they are and wishing and hoping won’t change that
predisposition. Quite simply, the blacks are laughing at the foolish whites
among other ‘rainbow’ colors:
PAPER:
Obama's grandfather tortured by the British? A fantasy (like most of the
President's own memoir)... { http://albertpeia.com/wobamaschoomgangfantasy.htm }
ALL TRUTH PASSES
THROUGH THREE STAGES. FIRST, IT IS RIDICULED. SECOND, IT IS VIOLENTLY OPPOSED.
THIRD, IT IS ACCEPTED AS BEING SELF-EVIDENT.--ARTHUR SCHOPENHAUER , http://albertpeia.com/40piecesevidenceusdecline.htm
, http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm , http://albertpeia.com/50economicnumbersofuscollapse.htm , The
Smartest Guys in the Room Are Screaming "Get Out of the Markets!"
Todd Harrison , It's
Official: US Debt-To-GDP Passes 100% Durden
on 12/21/2011 , Mark
Faber: "I Am Convinced The Whole Derivatives Market Will Cease To Exist
And Will Go To Zero" Durden
, Morgan
Stanley On Why 2012 Will Be The "Payback" For Three Years Of
"Miracles" And A US Earnings Recession Durden
on 12/23/2011 , Wall Street's Biggest Blunders in 2011 By Simon Maierhofer |
ETFguide , Tough
Year For Stocks, Gold And Treasury ETFs Did Better Forbes , 'OBVIOUSLY
UNSERVICEABLE DEBT TO WEIGH ON STOCKS IN 2012’ http://www.bullfax.com/?q=node-obviously-unserviceable-debt-weigh-stocks-2012 12/23/2011 By Chris Ciovacco , My
Christmas Cards Predict "Eternal Conflict" And "Economic
Disaster" Forbes Robert Lenzner , A
Very Scary Christmas And An Incredibly Frightening New Year http://theeconomiccollapseblog.com , Interbank Markets Are Telling
Investors To Sell The Rally … Again http://www.bullseyemicrocaps.com/?p=30070
12-23-11, In
2011, The S&P Moved 877 Times For Every Point Of Change Durden on 12/23/2011 (Churning and earning by
the frauds on wall street!) , Core
Durable, Capital Goods Orders Miss Despite Inventory Stuffing, To Push Q4 GDP
Lower; Savings Rate Declines Durden
on 12/23/2011 So much for ending the year on a positive economic tone: today's
November durable goods number, while better than expected on a headline
basis including volatile transportation data coming at 3.8% on expectations of
2.2%, was a big disappointment when looking at the core economic indicators
such as Durables ex-transportation and non-defense capital goods orders
ex-transportation, both of which missed IT IS YOUR RESPONSIBILITY TO THINK. Q3 GDP: PROGNOSIS
NEGATIVE http://community.tradeking.com/forum/categories/general/topics/8022-it-is-your-responsibility-to-think-q3-gdp-prognosis-negative/forum_posts by The Otter
Way on December 22, 2011 , IF A GLOBAL
RECESSION IS NOT LOOMING, THEN WHY ARE BAILOUTS FLYING AROUND AS IF THE END OF
THE WORLD IS COMING? http://www.theeconomiccollapseblog.com/archives/if-a-global-recession-is-not-looming-then-why-are-bailouts-flying-around-as-if-the-end-of-the-world-is-coming ‘I have learned that watching what people do
is much more important than listening to what they say. Back in 2008,
financial authorities in the
, A
Hedge Fund Insider Explains Why Retail Investors Should Flee The Stock MarketDurden on 12/01/2011 ,THE MARKET IS MISREADING ECONOMIC DATA -- IT'S TIME TO GET SHORT
http://www.bullfax.com/?q=node-market-misreading-economic-data-its-time-get-short 12/01/2011 The Independent Investor , Chinese
manufacturing activity slows Dec 1st, 2011
(Financial Times) , US initial
jobless claims +6k to 402k for the week ended 25-Nov, above mearket
expectations of 390k, vs upward revised 396k in previous week. Dec 1st,
2011 , Another Confirmation of the Solvency Crisis Masquerading as a
Liquidity Problem Atlantic Capital Management Dec 01, 2011 ‘The
Federal Reserve is once again reaching into its controversial
"unconventional" toolkit -- meaning stocks are, for now, celebrating
the near meltdown of modern global banking. , SPX Update: Ben Bernanke Lends Money, Saves the World? Jason Haver Dec 01, 2011 ‘At this point, despite the massive
three-day rally, there are still a few unanswered questions. I remain medium
and long term bearish, while the short-term picture has become a bit clouded.’
, What Does the
Fed Know That We Don’t? 12-01-11 The thought that should be on every
investor’s mind today is “Why did the Fed
have to stage the coordinated intervention yesterday?’Put another
way, what exactly does the Fed know that we don’t?The
whole thing smells fishy to me. Aside from the fact that the Fed clearly leaked
its intentions as early as Monday night (hence the reason stocks rallied while
credit markets weakened), there’s something peculiar about the fact the Fed
chose to do this at the end of November. Why November 30? Why not today or
Tuesday?I think the answer is that the Fed stepped in to help its institutional
investor/ hedge fund buddies.’ BofA,
Goldman Sachs, Citigroup Credit Ratings Cut by S&P Nov 30th, 2011
(Bloomberg) , Planned layoffs
surpass 2010 total CNNMoney
| Cuts announced this year are up 13% overall. , The
Easy Fix? Can Europe Print Its Way Out of Trouble? ETFguide ‘the long-term outlook is as dark as night
inside the Grand Canyon…’ , Global
Coordinated Desperation and the December to Remember Breakdown Minyanville Michael A. Gayed ‘With global central bank desperation
(I mean coordination) announced this morning and the big jump up in risk
assets…’ , The
Fed is So Predictable Chris Celi 11/30/2011 The Fed is becoming a
gigantic waste basket of bad assets. Waste baskets do not have infinite
capacity. Central
Banks’ Latest Move Shows Desperation George Washington 11/30/2011 Hey, at least a
handful of Ben's buddies will make a bundle ...
Deflation
is coming South of Wall Street 11/30/2011 It isn't
avoidable , Don't
Be Foolish, Sell the Next Key Level In the S&P 500 Forbes/Troccoli ‘http://blogs-images.forbes.com/thechartlab/files/2011/11/spafter.png , Wall
Street Watch: S&P Cutting Spree, Germany Faces RecessionWall St. Cheat Sheet , AN UNCONVINCING
RALLY http://www.istockanalyst.com/finance/story/5571238/an-unconvincing-rally By: Cam Hui
, BANK
DOWNGRADE RAMPAGE: Goldman, Bank Of America, Morgan Stanley, Wells Fargo, And
Citigroup Just Got Cut By S&P Business Insider | Standard & Poor’s
ratings service just cut the ratings of Goldman Sachs, Bank of America, Morgan
Stanley and Citigroup from A to A-. , China
Manufacturing Contracts As New Export Orders See Biggest 2 Month Drop Since
Dec2008 Durden 11/30/2011 -UPDATE:
HSBC China Manufacturing PMI prints at
47.7, deteriorating at fastest rate (and lowest level) in 32 Months , Goldman
On Today's Coordinated Central Bank Bailout: "It Isn’t Enough To Save
Anyone Or Solve Averything" And "Why Now?" Durden
11/30/2011 , The
Punch Line: "Crash Test - Bracing For Breakup"Durden
11/30/2011 , For
The First Time In History, Fed Will Buy AND Sell Treasurys At The Same Time On
Friday Durden 11/30/2011 , Egan
Jones Downgrades France From AA- To A; Negative Watch, Sees Debt/GDP Rising From
91% to 117% By 2013Durden 11/30/2011 , Of
Imminent Defaults And Self Deception. Kyle Bass Prepares For The Worst
Durden 11/30/2011 In his latest
letter to LPs, Kyle Bass of Hayman
Capital Management, offers his tell-tale clarity on what may
lie ahead for Europe and
A
Decade of Decline in Equity Markets Faisal Humayun [ This is a must read
and explains how the market’s been artificially propped, the dow relative to
hard assets, ie., gold (dow/gold ratio), has actually crashed 78%, and
comparable prospects for the next decade, etc.. ‘…The Dow Jones Index was
trading at 11,357 levels at the beginning of the year 2000. More than a decade
later (as of beginning July 2011), the index is at 12582. Therefore, the index
has gained 11% in the last ten years…’ Yet, the inflationary dollar (declining)
debasement rate was 31%. (-31%) {See the inflation calculator infra – and
that’s just the government (inflation) numbers … reality is much worse!}
Meanwhile, the frauds on wall street are churnin’ and earnin’ like never before
at lightning computerized speeds enabling the high-frequency trades that are
commissioned in unprecedented large volumes; a big net negative in real
economic terms.] While
Washington Fiddled The Economy Burned at
Forbes [ Oh come on! Let’s get real here! The economy was already burning (see
infra),
Here’s a picture of obama voters / backers: http://www.albertpeia.com/wobamavoters.gif
Beneath
the Market’s Swings, Some Real Cause for Worry News
Jeff Cox August 11 (CNBC) — ‘So whether this equals, falls short of, or
exceeds the financial crisis of 2008 hardly seems to matter—investors are
afraid, very afraid, and the question as much as anything in the minds of many
market pros will be what soothes that fear. Analyst Dick Bove at Rochdale
Securities says he knows why: More restrictive capital requirements and
near-zero interest rates set at the Federal Reserve [cnbc explains] that make
lending neither easy nor lucrative, a trend that will make it difficult for the
economy to grow. “If one thinks through these limitations it can be seen that
banks must shrink their balance sheets and change their business patterns to
maintain their profits. What they are unlikely to do is to expand their lending
activities in order to grow the economy,” Bove wrote in a lengthy banking
analysis Thursday.“However, the Federal Reserve is suggesting that the economy
is unlikely to grow,” he wrote. “If the Fed is prescient, then banks are facing
higher loan losses, lower loan volume, and reduced margins on a wide array of
banking products. The outlook is not appealing.”“Even though the
The frauds on wall street et als should be
criminally prosecuted, jailed, fined, and disgorgement imposed!
Previous, full moon and fraudulent wall street, get this, rallies on not as bad
as expected EU stress tests and better than expected google results but forget
the dire consumer (recession level) consumer sentiment number ‘cause after all,
consumer spending just a paltry 70% of GDP.
Think about this: short-lived Pavlov dog rally (the conditioned
stimulus) on hopes for more welfare for wall street and some good results in
communist
Take
A Lesson From 2007 And Sell Stocks Now at
Forbes, Sean Hanlon ‘August has given new meaning to “the
dog days of summer” as the broad equity market has retracted all year-to-date
gains and dropped into negative territory, all within the first couple weeks.
As written in my
previous Market
Commentary on July 20, our research uncovered potentially dangerous
activity in the equity markets that could lead to a break and high
volatility. We presented this in that Market Commentary by the chart in
Figure 1 below. Using our proprietary research methodologies, we elected
to make a major “tactical” move on June 17.
That move reduced all
equity and high-yield bond exposure, creating 50% cash or cash equivalent
allocations across all portfolios. This defensive move was shown to be prudent
as volatility erupted and considerable downside was experienced in equity
markets in the first week of August, as shown in Figure 2.
Figure 1 (click image to
enlarge.)
http://blogs-images.forbes.com/advisor/files/2011/08/11.jpg
With this heightened
volatility, we were observant that this market behavior was eerily similar to
market conditions in 2007. To elaborate on this point, let’s compare the
S&P 500 Index for 2007 vs. the first seven months of 2011. As you can
see below in Figure 2, 2007 experienced high volatility yet remained range-bound
in an upward trend (represented by the overlaid black bands).
Figure 2 (click image to
enlarge.)
http://blogs-images.forbes.com/advisor/files/2011/08/2.jpg
The first half of 2011
maintained a range-bound upward trend until finally breaking sharply to the
downside in the first week of August.
Of course now everyone
wants to know what happens next? Our research has no special predictive
power of what may happen now that the “trend” has been broken. Instead, what
our research is telling us is to remain extremely cautious at this time.
We have since moved client portfolios to almost 100% money markets and/or cash
equivalents in all accounts. We do maintain some high quality bond positions.
You may think “But I
can’t make any money in money markets, they pay nothing these days!” True
enough, but there are many times in one’s investing lifetime where the best
investment is to simply maintain principal. That principal amount will be
able to potentially purchase more in the not too distant future.
A simple example is
stocks. On April 29 of this year, $1,340 purchased the equivalent of one
S&P 500 Index share. Today, to own those same companies that make up
the S&P 500 Index, the cost is below $1,200, yet the same amount of
dividends is being received. In this period preserving principal has
resulted in increased “investment” purchasing power, income and potentially
increased return.
Related
article: Watch
Out: 2011 Looks A Lot Like The Market Top In 2007 ‘
New Business Articles / Topics / Links
{scroll down to current date, past links of
continued, current importance}
All truth passes through three stages.
First, it is ridiculed. Second, it is violently opposed. Third, it is accepted
as being self-evident.--Arthur Schopenhauer
Compendium of
Important Business / National / World News / Topics / Articles / Headlines
http://albertpeia.com/articlelinkspage3.htm
STOP ACTA AND TPP http://albertpeia.com/stopactatpp.htm
Drug
war hypocrisy: drug trafficking’s big money benefits Big Brother and corrupt
banksters PF Louis | The hypocrisy of the war on drugs is centers on
the amount of drug trafficking that benefits the CIA and international banking
system. Natural
News February 1, 2012 [ http://albertpeia.com/americangovernmentdrugtrafficking.htm http://albertpeia.com/americascorruptiondrugtrade.htm http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm
http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm ] ‘The
hypocrisy of the war on drugs is outrageous when compared to the amount of drug
trafficking that benefits the CIA and international banking system. The son of
a convicted notorious mobster, John Gotti Jr, when asked in court if the family
still dealt drugs cracked, “No, we can’t compete with the government.”
http://albertpeia.com/3real2.png
http://albertpeia.com/3real3.png
http://albertpeia.com/3real4.png
I
Can’t Take It Anymore! When Will The Government Quit Putting Out Fraudulent
Employment Statistics? http://theeconomiccollapseblog.com http://albertpeia.com/governmentfraudulentemploymentstats.htm
News
Flash: The Rally Is Over…For Now The Wall Street Journal
‘..That’s enough of a pullback for Mr. Arbeter to call a near-term top. He sees
the S&P 500 tumbling into the 1290 to 1320 range by early March, with tech
stocks as the ”most overbought and vulnerable to some profit taking.”..’This Is What An Economic Depression Looks Like In The
21st Century http://theeconomiccollapseblog.com http://albertpeia.com/21centurydepressiongreecedusup.htm
7-19-12
America’s
Coming Depression Posted by : Bruce
Krasting Post date: 06/17/2012 - 09:27
Happy Father's Day!
http://albertpeia.com/holytoledo.htm
Dave’s Daily: http://www.etfdigest.com http://etfdigest.com/commentary.html BANKS RALLY ON DOWNGRADES 6-22-12
It would appear the rating agencies are either “leading from behind” or
just don’t have much respect these days after they botched the mortgage crisis
{ As an aside, I thought Rodney
Dangerfield was absolutely hilarious in that great comedy classic, ‘Caddyshack’
and I’m glad Dave used his image here http://albertpeia.com/dangerfieldindeed.jpg }.
http://albertpeia.com/europeinsolvent.htm
http://albertpeia.com/toomuchdebt.htm
http://endoftheamericandream.com
http://albertpeia.com/americandreamdestroyed.htm
June 27, 2012 By gpc1981 http://albertpeia.com/eualreadybrokenup.htm
GOP: Ruling will hurt swing-state Dems in November { This
may seem somewhat counterintuitive and a bit of a rationalization; but, it is
absolutely true. So true in fact, that wobama will come to be compared to
Pyrrhus of Ephyrus (W. Greece) since realization of what this legislation won’t
do for americans and the economy and what it actually does will not have the
galvanizing effect that striking the bill down would have had on voters who
were thinking ‘another free lunch from the government’ will save them (we all
now know better, no such thing). Yes, in somewhat European tradition, defacto
bankrupt
http://albertpeia.com/15reasonsobamacareisadisaster.htm
Europe
Will See Deep Depression, Schoenberger Says
The
Great Crash Ahead with Author Harry Dent
http://albertpeia.com/anotherbiggestfinancialscandal.htm
http://albertpeia.com/20factsaboutwalmart.htm
{ All I can say now is that in very ‘unamerican
fashion’, my latest infrequent Walmart transaction was absolutely
http://albertpeia.com/70reasonstomournforamerica.htm
http://albertpeia.com/10waysobamakillingjobsinamerica.htm
Obama administration repeats same jobs line — for the 30th
month
http://albertpeia.com/neverenoughjobsinamericaagain.htm
http://albertpeia.com/10waysobamakillingjobsinamerica.htm
http://albertpeia.com/archives.htm
http://albertpeia.com/14creepygovernmenttechnologiestospyonyou.htm
Formal
complaint seeks disbarment of Eric Holder in DC
Daily Caller | Attorney General Eric Holder could
lose his license to practice law in the
http://albertpeia.com/euinrecessionusrecessionchinachinakissmyhina.htm
http://albertpeia.com/corndyingoveramerica.htm
http://albertpeia.com/19warningsofglobalcatastrophe.htm
http://albertpeia.com/4reasonsforlessoptimism.htm
http://albertpeia.com/27thingsamericansshouldknowaboutnationaldebt.htm
http://albertpeia.com/12hellholesvisionofamericasfuture.htm
Http://albertpeia.com/nomoreqe.htm
http://albertpeia.com/fedcantwontsaveusfromgreatdepression.htm
The
New Depression: The Breakdown of the Paper Money Economy
http://albertpeia.com/endofbernankeput.htm
http://albertpeia.com/endofpetrodollar.htm
http://albertpeia.com/germanywillleaveeuro.htm
Paul Joseph Watson | One of
the biggest cover-ups in
http://albertpeia.com/americacursed.htm
http://endoftheamericandream.com
http://albertpeia.com/12signsusrecessionhasbegun.htm
‘Is the
The following are 12 signs that the next recession in
the
#1
#2
Manufacturing activity in the mid-Atlantic region has declined for three months in a row.
#3 Overall,
the
A factory index calculated by the Institute for
Supply Management slid to 49.7 in June from 53.5 in May to the lowest reading
since July 2009. Any level below 50 denotes tightening in the sector; anything
above signifies growth.
#4 Sales of
previously occupied homes dropped by 5.4 percent during June.
#5 Initial
claims for unemployment benefits rose to 386,000 last week - another sign that
the labor market is weakening again.
#6 According
to one survey, only 23 percent of all
#7 The
Labor market conditions at the reporting firms
deteriorated this month. The current employment index decreased 10 points,
to ‐8.4, its second negative reading in three months. The
percent of firms reporting decreases in employment (18 percent) exceeded the
percent reporting increases (10 percent).
#8 Unless
Congress acts, the
#9 The
Conference Board's index of leading economic indicators fell by 0.3 percent in June.
#10 A
#11 According
to AARP, 600,000 American homeowners that are 50 years of age or
older are currently in foreclosure.
#12 The
unemployment rate in
So where do we go from here?
Are poverty and government dependence going to reach
even higher levels during the next recession than they did during the last
recession?
Yes, we always want to help those that are hurting
and that cannot take care of themselves. We don't want to see anyone
going without food or sleeping in the streets.
But handouts are not going to solve our economic
problems. The
Feeding bears or allowing them access to human food
causes a number of problems:
• It changes the bear's wild behavior and causes them
to lose their instinctive fear of humans. This lack of fear causes panhandler
or "nuisance" bears to be more unpredictable and dangerous when they
encounter humans.
• At their best, panhandler bears perform tricks to
obtain food. At their worst, they damage property and injure people. In 2009,
288 bear-related incidents were recorded in the park. One incident involved an
injury to a park visitor and others resulted in extensive property damage.
• It transforms wild and healthy bears into habitual
beggars. Studies have shown that panhandler bears never live as long as wild
bears. Many are hit by cars and become easy targets for poachers. Beggar bears
may die from ingesting food packaging or toxins.
But although socialism is bad for bears, apparently it
is just right for humans.
According to the Daily Caller, the federal
government is actually working with the Mexican government to increase
participation in the
The Mexican government has been working with the
United States Department of Agriculture to increase participation in the
Supplemental Nutrition Assistance Program (SNAP), or food stamps.
USDA has an agreement with Mexico to promote American
food assistance programs, including food stamps, among Mexican Americans,
Mexican nationals and migrant communities in
“USDA and the government of Mexico have entered into
a partnership to help educate eligible Mexican nationals living in the United
States about available nutrition assistance,” the USDA explains in a brief
paragraph on their “Reaching
Low-Income Hispanics With Nutrition Assistance” web page. “
This doesn't make any sense at all.
Why is the
Sadly, many in our government actually believe that
getting people on food stamps is one of the best things we can do for our economy.
For example, House Minority Whip Steny Hoyer recently
told reporters that enrolling more Americans in the food stamp program is one
of the "most stimulative" things that
the government can do for the
Isn't that frightening?
No wonder why so many people are skeptical of the
government these days. One recent survey found that 23 percent
of all Americans believe that "government is the solution to the
problem" while 64 percent of all Americans believe that "government
is the problem".
What we really need is for the government to get off of the backs of
our businesses so that they can start thriving again and so that they can
start creating more jobs.
But as we have seen in the past, that never seems to
happen no matter which political party is in power.
Meanwhile, the next great global financial
crisis is rapidly approaching and there seems to be little hope that the
If you expect the government or the Federal Reserve
to save you from what is coming, then you are going to be
bitterly disappointed. They were not able to prevent the last economic
crisis and they are not going to be able to prevent the next one either.
The truth is that our financial system is massively
overloaded with debt and our economy is failing.
A great storm is coming and it is going to be
exceedingly painful.
You better get ready while you still have time.’
http://theeconomiccollapseblog.com
http://albertpeia.com/20signspointtoeconomiccrisiscollapse.htm
‘The
However, the next great economic crisis is going to
wake a whole lot of Americans up.
And when they realize what has happened to our
future, they are going to be really, really angry.
Enjoy the good times while they last. The next
recession is rapidly approaching, and it will not be pleasant.
The following are 20 signs that all point to the
exact same thing....
#1 The
unemployment rate in the U.S. has been above 8 percent for 40 months in a row, and 42 percent of
all unemployed Americans have been out of work for at least half a year.
As I wrote about recently, there are never going to be enough jobs in
#2 35 percent
of all unemployed workers have had to dip into retirement savings in
order to make ends meet over the past year.
#3 Since
2008, the
#4 A recent
survey conducted by the National Association for Business Economics found that
only 23 percent of all
#5 An
important measure of
#6 Hundreds
of thousands of federal jobs at civilian agencies will likely be lost if
Congress allows the automatic federal budget cuts to go into effect next
year. The following is from a recent article posted on federalnewsradio.com....
A report released Tuesday suggests that several
hundred thousand federal jobs at civilian agencies would be on the chopping
block within the next year if Congress lets the automatic budget cutting
process known as sequestration go into effect.
The study, authored by
#7 The teen
unemployment rate in
#8
#9 The median
net worth of
#10 Pensions
at S&P 500 companies are more under-funded than they have ever
been before.
#11 According
to the New York Times, state and local governments across America "shortchanged
their pension plans by more than $50 billion" between 2007 and 2011.
#12 The city
of
#13 The
percentage of
#14 For the
first time in modern history, Canadian households are wealthier than American
households are.
#15 One recent
poll found that 42 percent of all Americans believe that
#16 According to
the federal government, the price of food rose much faster than the general
rate of inflation did during 2011. Just check out these rates of food
inflation for 2011....
If that happened during a somewhat "normal
year", what will food prices look like after we are done with the drought of 2012?
#17 The price
of a bushel of corn has risen by 54 percent since mid-June.
#18 According
to one survey, 42 percent of all American workers are
living paycheck to paycheck.
#19 A
different survey found that 28 percent of all Americans have
absolutely no emergency savings at all right now.
#20 Federal
Reserve Chairman Ben Bernanke made the following statement to Congress on
Tuesday: "At this point we don't see a double dip recession. We see
continued moderate growth."
Do you remember that old Seinfeld episode when George
Costanza decided that he would "do the opposite" of everything that
his instincts were telling him to do and everything started working out great
for him?
Well, when it comes to Federal Reserve Chairman Ben
Bernanke, the key is to "believe the opposite" of everything that he
says.
And since Bernanke does not believe that a double dip
recession is going to happen, that probably means that we are about to hit
another recession.
If you doubt this theory about Bernanke, just go back
and check out his track record.
Okay, so if our economy is in big trouble shouldn't
our leaders be doing something about it?
Well, it is election season now so I wouldn't expect
too much from Barack Obama. He is too busy raising money in France and in China.
I wouldn't expect too much from Obama's economic
advisers either. In fact, Obama's much-ballyhooed "jobs council"
has not even met in six months.
Not that the "jobs council" was ever going
to do anything substantive anyway.
The truth is that it was just for show and most of
the CEOs on the council have been sending jobs overseas anyway.
Well, what about the SEC?
Shouldn't they be doing something to fix the
financial system?
No, they are too busy investigating the Amish.
It looks like we are on our own.
Soon, even more parts of the country will start
looking like Detroit or Baltimore or Cleveland.
This country is rapidly falling apart, and the
federal government is not going to save us.
That is why we need to focus on preparing to weather
the coming storm on a family and community level.
There is hope in being prepared. The coming
economic crisis will wipe out many Americans because they will never even see
it coming. But that does not have to happen to you.
If you work really hard right now to prepare your
family for the storm that is on the horizon, then you will have a much better
chance of making it through to the other side.’
Dave’s Daily: http://www.etfdigest.com
BAD DATA IGNORED IN FAVOR OF
TECH 7-19-12 { Tech? Palease, don’t make me laugh! This
‘bad news is good’ scenario based upon hopes for contraindicated, egregiously
failed QE for the benefit of the frauds on wall street only to the detriment of
everyone else with such hopium rallying stocks has gone beyond the point of
ridiculous. It’s really rather pathetic, these so-called wall street
mavens/titans of capitalism, the largest of which remain unprosecuted for their
huge, lucrative, debilitating frauds wanting/expecting even more on the public
dole. They’ve even gotten to the point where their computers are selling to
themselves for the ‘churn and earn’ along with the algo-driven contraindicated
moves up. The markets are totally cooked! Dave as always is spot-on the case! } ‘There’s plenty of bad economic data to
motivate QE3 fans. Jobless Claims rose (386K vs 365 expected & prior
revised higher to 352K). The least noticed in the report is 86K were dropped
from benefits as their 99 week period expired. Existing Home Sales disappointed
(4.37M vs 4.65M expected & prior 4.55M). Leading Economic Indicators fell
(-.3% vs -.1% expected & prior .3%). Worse yet was the Philly Fed (-12.9 vs
-.8 expected & prior -16.6). Taken together this gives the bad news bulls
something to cheer. Below is a chart courtesy of Zero Hedge pointing out the
worst part of the Philly Fed reading—employment sub index. Stock markets are rallying substantially as investors rotate
away from previous winning sectors like REITs (IYR) and Financials/Banks (XLF
& KBE) towards tech (XLK). Once again, there really has never been a bull
market without financials in the mix. The last time we saw sharp rallies with
financials still lagging was in the Great Depression. IBM was one
of the market leaders and investors should remember the DJIA (DIA) is a
“price-weighted” index with big blue being the heaviest weighting at 11%. In
fact the top 5 represent 33% of the entire index and top 10 or the 30 at 55%.
This is why those following the index often find results misleading as to
overall market conditions. IBM jumped 3.70% despite lower revenues but better
guidance. Qualcomm (QCOM) up 4% and EBay (EBAY) up 8% added to the enthusiasm
for tech while financials and other sectors were weak. After the close SanDisk
(SNDK), Microsoft (MSFT) and Google (GOOG) all reported earnings that seemed to
please lowered estimates. (That’s the way the game is played folks.) Despite
Bernanke stating yesterday that the eurozone was “a long way away from being
fixed” bulls ignored it for now. After all conditions there are quiet and
negative headlines are scant. Spanish yields soared to a record as the German
parliament voted to approve loans to Spanish banks. The high court in
Submitted
by Tyler
Durden on 07/19/2012
Two years ago, in January 2010, Zero Hedge wrote
"This
Is The Government: Your Legal Right To Redeem Your Money Market Account Has
Been Denied" which became one of our most read stories of the year.
The reason? Perhaps something to do with an implicit attempt at capital
controls by the government on one of the primary forms of cash aggregation
available: $2.7 trillion in US money market funds. The proximal catalyst back
then were new proposed regulations seeking to pull one of these three core
pillars (these being no volatility,
instantaneous liquidity, and redeemability) from the foundation of the
entire money market industry, by changing the
primary assumptions of the key Money Market Rule 2a-7. A key proposal would
give money market fund managers the option to "suspend redemptions to allow for the orderly
liquidation of fund assets." In other words: an attempt to
prevent money market runs (the same thing that crushed Lehman when the Reserve
Fund broke the buck). This idea, which previously had been implicitly backed by
the all important Group of 30 which is basically the shadow central planners of
the world (don't believe us? check out the roster of current members), did not get
too far, and was quickly forgotten. Until today, when the New York Fed decided
to bring it back from the dead by publishing "The
Minimum Balance At Risk: A Proposal to Mitigate the Systemic Risks Posed by
Money Market FUnds". Now it is well known that any attempt to prevent
a bank runs achieves nothing but merely accelerating just that (as
Submitted
by Tyler
Durden on 07/19/2012
The subject of revolution is a touchy one. It’s
not a word that should be thrown around lightly, and when it is uttered at all,
it elicits a chaotic jumble of opinions and debates from know-it-alls the world
over. The “R” word has been
persona non grata for quite some time in
Submitted
by Tyler
Durden on 07/19/2012
With Corn hitting its highs again, we are reminded
that global food production has been hitting constraints as rising populations
and changing diets hit against flattening productivity, water and fertility
constraints, and the likely early effects of climate change. As was described in
the recent all-encompassing
theory of global-collapse, there is general agreement that one of the
contributing factors to the rolling revolutions beginning at the end of 2010
was increasing food prices eating into already strained incomes. It is unclear how much impact easing has had on food prices
this time, weather has very much made its presence felt (as we
noted here). From one omnipotent force (central bankers) to another (hand
of god), the fear is that more broadly, food
is likely to be a more persistent problem than oil supply. This
is because we require almost continual replenishment of food to stay alive and
avoid severe social and behavioral stress - food is the most inelastic part of consumption. This
says nothing of the pernicious inflationary impact that will likely quell the
kind of free-flowing printing so many hope to see from China et al.
Submitted
by Tyler
Durden on 07/19/2012
Market-top economics could be an entire university
course, if people cared enough about such phenomena. Most only consider
the signs of a market top months or years after a crash when some unyielding
economics researcher puts the pieces together. As human-beings we have developed an uncanny ability
to rationalize what we know to be bad news and convince ourselves, "This
time is different," despite the fact that it usually never is.
In a previous
article we provided analysis on economic/equity decoupling (cognitive
dissonance) and showed that the economy as we know it cannot persist--we are
either due for a literal gap-up in leading economic conditions, or we are due
for a serious correction in US equities. With today's 5.4% slip in
existing home-sales, let's go with the latter.
Submitted
by Tyler
Durden on 07/19/2012
The world's largest hedge fund is not as sanguine
about the hope that remains in the markets today. The firm's founder, Ray
Dalio, who has written extensively on the good, bad, and ugly of deleveragings,
sounds a rather concerned note in his latest quarterly letter to investors as
the "developed world remains mired
in the deleveraging phase of the long-term debt cycle" and
has spread to the emerging world "through diminished capital flows which
have weakened their growth rates and undermined asset prices". Between
Submitted
by Tyler
Durden on 07/19/2012
Is it us? Today felt very nervous. The equal
narrowest range in S&P 500 e-mini futures (ES) in over 3 months along with
dismally low volume and even worse average trade size as we peaked over July
5th's swing high and fell back. Aside from the farcical trading in the big Dow
supporting stocks that we just noted,
most asset classes traded along with stocks - in a very narrow range. The big movers were oil - up over $92 -
on Israel-Iran tensions (among other things) and the major financials - which in general have
retraced all of their post-EU
Submitted by Tyler
Durden on 07/19/2012
UPDATE: In case
you were wondering, IBM's magnicently efficient market behavior today provided
53.6 points for the Dow - which ended the day up only 34.6 points - phew!!
We are sure someone smarter than us can come up with
a story and narrative to explain what is going on here. We just sit back and
enjoy the beauty of a sentient SkyNet picking off every single stop trade
possible.
Submitted
by Tyler
Durden on 07/19/2012
For investors, the continued increases in
profitability, at the expense of wages, is very finite. It is revenue that matters in the long term -
without subsequent increases at the top line; bottom line profitability is
severely at risk. The stock market is not cheap,
especially in an environment where interest rates are artificially suppressed
and earnings are inflated due to "accounting
magic." This increases the risk of a significant market
correction particularly with a market driven by "hopes" of further
central bank interventions. This reeks of a risky environment, which can
remain irrational longer than expected, that will eventually revert when
expectations and reality collide.
Submitted
by Tyler
Durden on 07/19/2012
As we warned
yesterday, the curse of the inverse correlation between CNBC appearances
and investment performance has struck once again. The rumor is true as
everyone's favorite knife-catching, Buffett-following, leveraged beta fund
manager Whitney Tilson has split from his 'colleague' Glenn Tongue who has gone
off to run his own 'unencumbered' fund. As the full letter below (h/t DealBreaker)
explains, he couldn't be more optimistic about T2's future (so this is a good
thing then?) and have no fear since he sees 'a target rich environment' as he
has already picked up some 'low hanging fruit'. We wait with bated breath for
the next letter...
Submitted
by RANSquawk
Video on 07/19/2012
Submitted
by Tyler
Durden on 07/19/2012
Most of you that are taking the time to read this
have already experienced some level of "waking up" over the past
several years or longer. Most of you have also probably felt from time to
time that the knowledge you possess is
a burden and have fully appreciated the meaning of "ignorance is
bliss." We know this because we have felt these very
same emotions at times. The most important thing to remember; however, is
that we are just awake individuals
within a wave or cycle of awakening. There were those
that came before us and there will be many, many more to come after us. Most
importantly, once you are truly awakened you never go back to sleep.
Submitted
by Tyler
Durden on 07/19/2012
Hidden under the covers of this morning's already
dismal headline print in the Philly Fed data was a considerably worse than
expected employment sub-index. Historically this has correlated highly with the
non-farm payroll print and suggests (albeit correlation is not causation but
gathering real evidence of a slowdown is) that we are heading for a negative print in the next employment report.
Submitted
by Tyler
Durden on 07/19/2012
In the
Submitted
by Tyler
Durden on 07/19/2012
By now it should be more than clear that the entire
hope-based, short-squeeze driven, algo-mediated rally is the result of the last
traces of hope: with the US economy openly in free-fall mode, housing supported
only by once again increasing
shadow inventory (and even that myth is starting to falter following
today's existing home sales update), corporate profits just barely holding in
as a result of the last possible cuts into the bone via personnel terminations
now that YoY revenue numbers have once again sloped lower and the corporate
growth cycle has turned, there is little sustaining the market aside from the mysterious
seller of endless vol, which could be well, anyone, and some quiet prayer
that China may step in and once again, like back in 2009, be the marginal
economic dynamo that restarts the global economy one more time. It would do
that in the conventional way, of course: by easing as much as it possibly can.
There is, however, one problem with this: food prices. As everyone knows the
product the PBOC pays more attention to than anything else is food: pork, soy,
corn, etc., and particularly food prices.
Because if there is one thing that can cause social upheavals in the world's
most populous country, it is a rerun of the spring of 2011 when as a result of
global easing, we saw not only the Arab Spring, but violent flare ups throughout
China. Which brings us to today's topic: black swans. Deep fried black swans. As UBS
explains the record drought that has gripped
Submitted by Tyler
Durden on 07/19/2012
The latest development in yesterday's Bulgarian bus
bomb explosion, is the identification of the alleged bomber. According to Times
of Israel he is Mehdi Ghezali, "reportedly a Swedish citizen, with
Algerian and Finnish origins. He had been held at the
ReGaRDiNG
CiTiZeN BaiN... Posted by : williambanzai7
Post date: 07/19/2012 - 15:43 "We've given you people all you need to
know..."--Ann Romney
The
Financial Crisis Was Foreseeable … Thousands of Years Ago Posted by:
George Washington Post date: 07/19/2012 - 15:24 Economists,
Military Strategists and Others Warned Us … Long Ago
19
Jul 2012 – " One Bourbon, One Scotch, One Beer " (John Lee Hooker,
1966) Posted by: AVFMS
Post date: 07/19/2012 - 11:59 Still the divergent world views between equity and rates as
during the last days. EGBs better supported. Equities, too… Spain held so so
today, did overshoot 7%, but closed back below. The level...
Submitted
by Tyler
Durden on 07/19/2012
For the sixth day-in-a-row, a rather interesting
price action has occurred in the most liquid FX pair in the world. Each day we see EURUSD crumble rapidly into the
Submitted
by Tyler
Durden on 07/19/2012
In his testimony over the last two days, Bernanke has
listed the 'fiscal cliff' as one of the two greatest risks to the US economy,
along with the situation in Europe, and urged Congress to enact 'earlier rather
than later' a plan that achieves 'short-term and long-term objectives,' with
the primary short-term objective to adjust the timing of the near-term fiscal
contraction "to allow the recovery a little more space to continue."
. However, like us, Goldman believes that resolving the two key issues - the fiscal cliff and the need to raise
the debt limit - will be more difficult than it was last year, for three
reasons: (1) the
"easiest" options to lower the deficit have already been adopted, so
the remaining options touch more controversial areas than those enacted last
year; (2) some members of both parties have indicated that they regret the
agreements reached in 2010 and 2011, implying less willingness to compromise
this year, and (3) both parties appear to be contemplating strategies that
involve allowing most or all of the policies to change at year end, as a means
to achieving their ultimate policy goal. Stunning! Sure enough,
as debate on the fiscal cliff gets underway in earnest, the tone of rhetoric
has predictably worsened. We suspect the only way they will ever agree is after
the market makes it clear that any
other path is unacceptable.
Submitted
by Tyler
Durden on 07/19/2012
Sometimes you just have to laugh, and with the
ongoing debacle of Liebor - it's even more true as now the Swiss hedge fund
community is dragged into the miasma - or else you'll cry. As the conspiracy
theories morph into conspiracy fact, who better to explain that LIBOR is not the "mythical half wild-bore, half
lion that was rumored to have killed Achilles' brother Jimmy"
but is the "benchmark for all money-lending on errr, let's say
Earth", than The Daily Show's Jon Stewart. From the concrete evidence that
banks deliberately manipulated the world's most important interest rate - for
the good of themselves. As Jon says, "never
trust anything that rhymes with wankers". How did they do
it? and what will the fallout be?
Submitted
by Tyler
Durden on 07/19/2012
It's becoming a farce now: if it is a day ending in
-y, Goldman has to tweak their Q1 GDP tracking forecast. Sure enough...
Submitted
by Tyler
Durden on 07/19/2012
To understand
modern
Submitted
by Tyler
Durden on 07/19/2012
The first on-the-record comments, regarding the
bombing in
Meanwhile, as a reminder, a
4th carrier group is on its way to the Gulf...
Submitted
by Tyler
Durden on 07/19/2012
While it seems like everyone 'wants' the housing
recovery to be real and organic (and not simply a reflection of limited supply
and P.E. investor interest in scraping up the lowest fruit - they have to earn
their commish after all), even the NAR couldn't put lipstick on this morning's
pig of an existing home sales number. The biggest drop MoM in 16 months and the
largest miss to expectations in 24 months is hardly the stuff of a solid
foundation for the renaissance of the American Dream. CNBC's Diana Olick speaks
the truth on the distressed supply drying up (despite Liesman's efforts to
ignore it).
Submitted by Tyler
Durden on 07/19/2012
Every single economic data point keeps coming worse
than expected, and the S&P is just shy of 2012 and probably all time (for
those who still care about such things) highs. The Philly Fed just posted its
July index print which was as usual abysmal, posting its third negative month
in a row, coming in at -12.9, and missing expectations of -8.0 for the fourth
month in a row. And while the bulk of index subcomponents were more or less in
line, the biggest and most notable change by far was the Number of Employees
which tumbled from 1.8 to -8.4. Sadly, which the economic contraction
accelerates and print after print is horrible, once again they are not nearly
bad enough to usher in New QE any second, even as the market has priced in not
only QE 4, but 5, 6, and so on.
Submitted
by Tyler
Durden on 07/19/2012
So far the beyond insolvent
Submitted
by Tyler
Durden on 07/19/2012
Despite all the pats on the back from fellow EU
political members and reassurances that all will be well with political
reforms, 10Y Spanish bond spreads (the additional risk over German bunds that
investors demand before lending money to
Submitted
by Tyler
Durden on 07/19/2012
In an exclusive report Zero Hedge yesterday
presented the connection between the 16 BBA member banks, and something far
more sinister: the sleepy, quiet (just as they want it) universe of Swiss hedge
funds and private banks. One of our key focuses was on a gentleman named
Michael Zrihen. We said: "So allegedly Zrihen, who now works in
As a reminder, this is just the tip of the Swiss
Liebor rabbit hole. Many more hedge funds will be implicated.
Submitted
by Tyler
Durden on 07/19/2012
The smoke from the exploded bus carrying Israeli
tourists was still billowing and yet Israeli PM Netanyahu had already
declared that "
Submitted
by Tyler
Durden on 07/19/2012
So much for last week's shocking beat in Initial
Claims, which as a reminder printed at 350K on expectations of 372K, driven by
the July 4 holiday and, what we described were "onetime factors such as
fewer auto-sector layoffs than normal likely caused the sharp decline."
This week the initial
claims soared right back to 386K on expectations of a 365K print: so last
week's 22K beat was promptly reversed following this week's number- a miss 21K
above expectations. And of course, last week's 350K was upward revised to352K.
Of note is what we said last week: "the Not Seasonally Adjusted claims
number rising by 70K is very much irrelevant." Sure enough, this week the
unadjusted number rose even more, by 10.8K to 453K, just 13K below last year's
number of 470K. This compares to the 32K difference from a year ago for the
seasonally adjusted numbers. That this stinks to high seasonally adjusted
heaven needs no observation. Finally, people for whom extended claims expired
soared by 84K in one week, as those on EUC 2008 benefit is imploding with each
week. Overall, a very ugly number, but not horrible enough yet to send the
S&P up 100 on imminent NEW QE.
Submitted
by RANSquawk
Video on 07/19/2012
Submitted
by Tyler
Durden on 07/19/2012
Bernanke
Tells Barney Frank: “I Keep A Collection Of Editorials From My Critics’ Daily
Bail | Wow. Don’t skip this short excerpt.
Morning Snapshot Jul 19th, 2012 by News
(USAGOLD) — Gold is well bid today, underpinned by heightened
• US Philly Fed index improved to -12.9 in Jul, but
was below expectations of -8.0, vs -16.6 in Jun.
• US leading indicators -0.3% in Jun, on expectations of -0.1%, vs upward
revised +0.4% in May.
•
• US initial jobless claims +34k to 386k for the week ended 14-Jul, above
expectations of 365k, vs upward revised 352k in the previous week.
•
•
• Eurozone current account (sa) €10.9 bln in May, vs upward revised €5.5 bln in
Apr.
• Italy industrial orders (sa) +1.7% m/m in May, vs positive revised -1.8% in
Apr; -9.4% y/y.
• UK retail sales +0.1% m/m in Jun, vs positive revised +1.5% in May; 1.6% y/y,
down from negative revised 2.1% y/y in May.
• Japan All-Industry Index (sa) -0.3% m/m in May, vs +0.1% in Apr.
•
•
Operation
Twist: New York Fed purchases $1.804 billion in Treasury coupons.
Jul 19th, 2012 10:36 by News
US
Philly Fed index improved to -12.9 in Jul, but was below expectations of -8.0,
vs -16.6 in Jun.
Jul 19th, 2012 09:20 by News
US
leading indicators -0.3% in Jun, on expectations of -0.1%, vs upward revised
+0.4% in May.
Jul 19th, 2012 09:17 by News
Jul 19th, 2012 09:15 by News
Jul 19th, 2012 06:42 by News
19-Jul-12
07:02PM Google Earnings: Revenue Grows By Double-Digits For Fifth
Straight Quarter at Wall St. Cheat Sheet
07:01PM Microsoft Earnings: Revenue Ticks Up at Wall St. Cheat Sheet 06:45PM Google Inc. Earnings: Revenue Grows By Double-Digits For Fifth
Straight Quarter at Wall St. Cheat Sheet
05:16PM AMD Earnings: Net Income Wasnt What Wall Street Wanted at Wall St. Cheat Sheet 05:15PM Peoples United Financial Earnings: Double-Digit Growth Again
at Wall St. Cheat Sheet 05:08PM Intuitive Surgical Earnings: Profit UP by Double-Figures for
Fifth STRAIGHT Quarter at Wall St. Cheat Sheet
05:07PM E*TRADE Financial Earnings: Profit Lower, Yet Tops Analyst
Estimate at Wall St. Cheat Sheet
05:04PM Simon Property Group Second Quarter Earnings Sneak Peek at Wall St. Cheat Sheet 05:00PM Biogen Idec Second Quarter Earnings Sneak Peek at Wall St. Cheat Sheet 04:59PM Altria Group Second Quarter Earnings Sneak Peek at Wall St. Cheat Sheet 04:58PM Avery Dennison Second Quarter Earnings Sneak Peek at Wall St. Cheat Sheet 01:48PM InPlay: Continued rel.
sector weakness in financials & banks pressuring the S&P to new
afternoon lows: XLF, KBE, KRE, FAS at or near lows for the day Briefing.com 12:55PM Norfolk Southern Second Quarter Earnings Sneak Peek at Wall St. Cheat Sheet 12:51PM Range Resources Second Quarter Earnings Sneak Peek at Wall St. Cheat Sheet 12:51PM GE Quarterly Earnings Sneak Peek at
Wall St. Cheat Sheet 12:48PM Reynolds American Second Quarter Earnings Sneak Peek at Wall St. Cheat Sheet 12:42PM Lockheed Martin Second Quarter Earnings Sneak Peek at Wall St. Cheat Sheet 12:36PM AT&T Second Quarter Earnings Sneak Peek at Wall St. Cheat Sheet 12:33PM Apple Third Quarter Earnings SNEAK PEEK at Wall St. Cheat Sheet 12:33PM FMC Technologies Second Quarter Earnings Sneak Peek at Wall St. Cheat Sheet 12:31PM [video] Tech & Energy Taking the Lead at TheStreet 12:10PM InPlay: Another new
session high for Nasdaq 100/Comp, Dow +39 retesting its high, S&P +4.8 just
one point below Briefing.com
11:45AM Five Ways Markets Can Avoid Turning Japanese at Forbes 11:42AM Index, ETF option volumes near midday optionMONSTER 11:34AM Index, ETF option volumes near midday optionMONSTER 11:15AM InPlay: Nasdaq 100 +28
sets minor new high, Nasdaq Comp +24 retests high, Dow +26 and S&P +3.7
stall slightly below their highs thus far Briefing.com
10:51AM Forget The Fiscal Cliff, Worry About The Stock Market Cliff
at Forbes 10:43AM SPX Update: A Discussion of the Intermediate Bullish Potentials
at Minyanville 10:19AM InPlay: Stock indices
slip back off highs following economic data -- Dow +1.8, S&P +1.9, +17 Briefing.com 10:00AM Danaher Earnings: Margins REBOUND, Net Income Drops at Wall St. Cheat Sheet 09:47AM UnitedHealth Group Earnings: Third Straight Quarter of PROFIT
GROWTH at Wall St. Cheat Sheet
09:37AM InPlay:
Stock indices extend to fresh highs for the week/month -- Dow +33, S&P +5,
Nasdaq Comp +23 Briefing.com
09:34AM Nucor Corp. Earnings Cheat Sheet: Net Income SURGES, Yet Short
of Estimate at Wall St. Cheat Sheet
09:33AM Morgan Stanley Earnings: WEAK Revenue and Profit at Wall St. Cheat Sheet 09:31AM KeyCorp Earnings: RISING Profit Helps Top Wall Street at Wall St. Cheat Sheet 09:30AM Diamond Offshore Drilling Earnings: EXCEEDS Estimates at Wall St. Cheat Sheet 09:29AM Fifth Third Bancorp Earnings: Profit JUMPS for Second Straight
Quarter at Wall St. Cheat Sheet
08:42AM VF Corp. Earnings: Profit TOPS Analyst Estimate at Wall St. Cheat Sheet 08:33AM [video] Earnings Push Futures Up at
TheStreet 08:29AM Huntington Bancshares Earnings: Positive Earnings Streak
Continues at Wall St. Cheat Sheet
08:27AM PPG Industries Earnings: The Profit Streak Continues at Wall St. Cheat Sheet 08:25AM Philip Morris International Earnings: SMOKES Wall Street
Estimates at Wall St. Cheat Sheet
08:24AM BB&T Earnings: Double-Digit Profit GROWTH For Fifth
Straight Quarter at Wall St. Cheat Sheet
08:23AM Morgan Stanley Earnings: WEAKER Revenue and Profit at Wall St. Cheat Sheet 08:22AM Verizon Earnings: Margins EXPAND and Profit Rings UP at Wall St. Cheat Sheet 08:21AM KeyCorp Earnings: Increased Profit Helps Top the Street at Wall St. Cheat Sheet 08:03AM Laboratory Corp. of America Earnings: Profit Increases Again
at Wall St. Cheat Sheet 07:58AM Morgan Stanley Earnings: WEAK Revenue and Net Income at Wall St. Cheat Sheet 07:52AM Diamond Offshore Drilling Earnings: Tops Wall Street Estimates
at Wall St. Cheat Sheet 07:41AM BB&T Earnings: Profits CLIMB by Double Digits For Fifth
Straight Quarter at Wall St. Cheat Sheet
07:40AM Fifth Third Bancorp Earnings: Profit Rises for Second Straight
Quarter at Wall St. Cheat Sheet
07:38AM Autonation Earnings: Third Straight Quarter of Rising Profit
at Wall St. Cheat Sheet 07:36AM The Travelers Companies Earnings: Revenue Falls After Two
Straight Increases at Wall St. Cheat Sheet
07:33AM 24AM Textron Earnings: SURGES Beyond Analyst Estimates at Wall St. Cheat Sheet 07:22AM UnitedHealth Group Earnings: Third Consecutive Quarter of
PROFIT GROWTH at Wall St. Cheat Sheet
07:21AM Quest Diagnostics Earnings: Margin Growth Streak SNAPPED, but
Profit Still RISES at Wall St. Cheat Sheet
Monti
plans ‘Greek-style’ takeover of Sicily to avert default
Why
Are So Many Bad Things Happening To America?
The American Dream | Have you ever wondered why things
have been going so badly for the
Prosecutors
investigate Vatican Bank mafia link
London Telegraph | Anti Mafia prosecutors have asked the
secretive Vatican Bank to disclose details of an account held by a priest in
connection with a money laundering and fraud investigation, it emerged on
Sunday.
Deep
Into The Lieborgate Rabbit Hole: The Swiss Hedge Fund Link?
Zero Hedge | That Lieborgate is about to spill
over and take down many more banks is well known.
PETER
SCHIFF: Our Children May Have To Lead A Violent Revolution To Bring Back
Capitalism
Business Insider | Peter Schiff’s single greatest fear
is that over-regulation, too much Fed intervention, and anti-business sentiment
will eventually cause capitalism to come to an end.
Big
Banks Funded the Nazis and Launched a Coup Against the President of the United
States
(7-19-12) Dow
12,943
+34 Nasdaq 2,965 +23 S&P 500
1,376 +3 http://albertpeia.com/todaysbusinesssummarylinks.htm
[CLOSE- OIL $92.35 (-54% for year 2008)
(RECORD TRADING HIGH $147.27) GAS
$3.40 (**The BTU-adjusted price of E-85 is the nationwide average price of E-85
adjusted to reflect the lower energy content as expressed in British Thermal
Units - and hence miles per gallon - available in a gallon of E-85 as compared
to the same volume of conventional gasoline…’ so adjusted=$4.00 – higher real
than quoted price for respective states including CA, infra – another
manipulation for the ‘feel good’ effect despite the inflationary over-printing
of weimar dollars/currencies)(reg. gas in LAND OF FRUITS AND NUTS $3.83 REG./
$3.93MID-GRADE/$4.02 PREM./ $3.93 DIESELL)
/ GOLD $1,583 (+24% for year 2009) / SILVER $27.26 (+47% for year 2009) /
PLATINUM $1,413 (+56% for year 2009) Metal News for the Day / DOLLAR= 78 EURO, 81 YEN, .63 POUND STERLING,
ETC. (How low can you go LOWER)/ Interest Rates: http://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=yield 10 YR NOTE YIELD 1.54% AP Business
Highlights ...Yahoo Market
Update… T. Rowe Price
Weekly Recap – Stocks / Bonds / Currencies - Domestic /
International
This
Is a Secular Bear Market and The End of Buy and Hold … and Hope The bull market that never was/were beyond wall
street b.s. when measured in gold
‘WORST ECONOMIC COLLAPSE EVER’ Must Read Economic
/ Financial Data This Depression is
just beginning The coming
depression… thecomingdepression.net
The
Next Wave of Collapse is Coming Sooner than you think Sliding
Back Into the Great Depression ABSOLUTELY,
ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE
TO COME!
Submitted
by Tyler
Durden on 07/16/2012
Just because there is already an overflow of
confidence in the financial system, here comes the Senate's Permanent
Subcommittee On Investigations with a 340 page report detailing how HSBC
"exposed the U.S. financial system to a wide array of money laundering,
drug trafficking, and terrorist financing risks due to poor anti-money laundering
(AML) controls." Of course, since HSBC is one of the world's largest
banks, what it did was not in any way unique, and it is quite fair to say that
every other bank has the same loose anti-money "laundering"
provisions. What HSBC was likely most at fault for was not providing sufficient
hush money to the appropriate powers in the highest
[Drug
war hypocrisy: drug trafficking’s big money benefits Big Brother and corrupt
banksters PF Louis | The hypocrisy of the war on drugs is centers on
the amount of drug trafficking that benefits the CIA and international banking
system. Natural
News February 1, 2012 [ http://albertpeia.com/americangovernmentdrugtrafficking.htm http://albertpeia.com/americascorruptiondrugtrade.htm http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm
http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm
] ‘The hypocrisy of the war on drugs is
outrageous when compared to the amount of drug trafficking that benefits the
CIA and international banking system. The son of a convicted notorious mobster,
John Gotti Jr, when asked in court if the family still dealt drugs cracked,
“No, we can’t compete with the government.”Today in
SHOCK:
Justice Dept. will not prosecute Holder for contempt of Congress...
[ Justice Department shields Holder from prosecution after
contempt vote FoxNews.com | The Justice Department
moved Friday to shield Attorney General Eric Holder from prosecution after the
House voted to hold him in contempt of Congress. DOJ
Says It Won't Prosecute DOJ Head Holder
How should we say this: we are shocked, shocked, that the DOJ won't
prosecute itself. BREAKING: DOJ says it won't prosecute
Attorney General Holder after the GOP-led House voted to hold him in criminal
contempt of Congress
– Fox see also, http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm House could arrest Holder with inherent contempt power The Washington Times | The thought is
shocking, and conjures up a Hollywood-ready standoff scene between House police
and the FBI agents. { Eh, what the
heck…you can let that go…they’re hoodied blacks, not white like Nixon, etc…;
and, be sure to hold on to your wallets, purses everyone ‘cause there’s black
folk in the capital! }
FLASHBACK
NYT: Roberts drugs 'can have troubling side effects, mental slowing and
forgetfulness'... { Wow! Who woulda thunk it, known it! I
certainly didn’t know of roberts’ condition. And, yes, the effects of said
drugs are significant, serious as set forth above and over time particularly,
debilitating. Roberts should step down, not that the u.s. supreme court is some
font of reason, sound judgment, and wisdom, even lawfulness. Indeed, quite the
contrary is true: http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm }
http://albertpeia.com/bakedamerica.htm
President
Obama: “If You’ve Got A Business – You Didn’t Build That. Somebody Else Made
That Happen”
Zero Hedge | “If you’ve got a business — you
didn’t build that. Somebody else made that happen.” { Riiiiight! That ‘minority
owned business’ incentive for government contracts, bloated/padded for
non-performance and electoral considerations…’the minority view’ on the ebt,
strike that, the bet network. Say anything, wobama the b for b***s*** who
suffers at the least from the psychological disorder of
psychogenic/dissociative amnesia. How totally preposterous and pathetic at once!
Wow! That ‘choom’ did wonders for wobama’s understanding of business! Riiiiight
….they’ll beat a path to your door…to make that business happen! This guy’s a
totally dysfunctional joker who’s failed by every measurable standard except
increased deficits to obfuscate his unequivocal failure! Other than the
‘choom/drug’ business, what business does wobama really know? }
Obama: Biggest mistake too much perspiration, not
enough inspiration [What total
b***s***!] { Biggest mistake: too much b***s***, not enough substance; that’s
reality, not spin! } White House on weak jobs report: Don’t ‘read too much’ into it
Olivier
Knox, Yahoo! News { Riiiiight!
Sounds like a plan! After all, wobama’s gotten’ by on b***s*** and ‘special
consideration’ alone, never having done anything of substance in his entire
life. Indeed, even his so-called ‘auto-biographies’ are works of what appear to
be ‘choom-gang’ induced fantasies which reveal a psychogenic/dissociative
amnesia that works well in the continuing ‘narrative’ devoid of fact on his
‘more b*** s*** campaign trail’ littered with the cowpies of stark reality.
People owe themselves and their children more than this grifter’s con which in
numbers measures more than the increased deficits of all the presidents since
President General Eisenhower combined to obfuscate his unequivocal failure. http://albertpeia.com/10waysobamakillingjobsinamerica.htm
} Obama Asks
People Getting Married To Forgo Gifts...
Donate
To His Campaign Instead... [ Wobama is so pathetic! Sure, sacrifice
for the grifter wobamas so they can continue livin’ large on the taxpayer dime
while accomplishing nothing except greater public debt to hide his failure.
This from the record holder for fundraisers, 151 and counting. Then there’s the
100 plus rounds of golf in addition to being famously over-vacationed while in
office. It’s laughable to hear him blame congress for his lack of
accomplishments when the reality is that he ‘really wasn’t there’ for any of
it. For wobama the presidency is just endless debate, rhetoric, campaigning,
vacationing, soundbites from the teleprompted speeches, jive-talk, b***s***,
and ‘choom fantasy’. He’s a total fraud and failure and anyone who buys into
election-year desperation / promises, etc., is just a fool of the worst
kind! AP: ‘…THE FACTS: Five Senate
Democrats voted against sending the DREAM Act to the Senate floor for full
consideration. The bill would have created a path to citizenship for many young
illegal immigrants brought to the
Will accept
your birthday or anniversary gifts, too...
IF IT WAS ONLY ONE THING
ABOUT WOBAMA THAT MAKES HIM SO WRONG. YET, IT’S A MULTITUDE OF REALITIES; FROM
INVARIABLY BROKEN CAMPAIGN PROMISES (Roche
'The worst part of it ...Obama, who
vowed change, has done almost nothing to fix any of it and in fact continues
most of the policies that helped get us here in the first place’ ‘INSIDE JOB’ Ferguson
wins Oscar for Documentary on the unprosecuted massive extant fraud in the
(many) TRILLIONS by the frauds on wall street ( and declares with oscar in hand
that not one high level wall street exec has been prosecuted … despite
‘earning’ billions from the fraud ) Cases against Wall Street lag despite
Holder’s vows to target financial fraud WP
Obama has promised to hold Wall Street accountable for the meltdown. ‘THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv , etc.) , TO VERY REAL BIRTH ISSUES
(WHAT PERSON FAILS TO GET THEIR PLACE OF BIRTH CORRECT – THE FRAUDULENT WOBAMA
KIND http://albertpeia.com/wasntbornintheusa.htm http://albertpeia.com/obp.jpg http://albertpeia.com/impeachobama.htm ) , TO THE CURRENT
OBFUSCATING FRAUD, Obama's Five
Trillion Dollar Lie http://albertpeia.com/obamas5trilliondollarlie.htm { the
economy is already in depression in real
terms when taking into account real inflation numbers. Financial
Crisis Phase II Is Ahead at Forbes Bert Dohmen ‘ In late 2007, I wrote the book Prelude To Meltdown, predicting
the global crisis that occurred the following year. I now see a similar
confluence of events .. “the new recession has started.”… Over the past 33
years, we have called the start of every recession..Currently, the GDP deflator
is 1.8%, which hardly reflects the true rise in prices. Therefore, what is
counted as “growth,” is actually price increases. Actual inflation..is now more
than 11%. Using that to adjust GDP for inflation, would show that the economy
is now in a very sharp contraction…’ } , WOBAMA ET ALS’
DISINGENUOUS ATTACKS AGAINST ROMNEY ON WHAT WAS PRIZED AND LAUDED AS LEGAL,
COMPETENT MANAGEMENT INCREASING SHAREHOLDER WEALTH (THE TASK OF COMPETENT
MANAGEMENT) IN THOSE BLOATED, NON-COMPETITIVE TIMES CONTRASTED WITH WOBAMA’S
UNPRECEDENTED FURTHER BANKRUPTING OF THE NATION AND INDISPUTABLE FAILURE AS
PRESIDENT (Obama's
Legacy: A Failed Recovery & Double-Dip Recession Forbes / Mariotti ‘…There will be no significant recovery
in the United States of America while Barack Obama is President. The
evidence is overwhelming: everything Obama has tried to fuel a recovery
(with his Democratic allies in Congress) has failed. Statistics claiming
jobs saved by the stimulus package were mostly fiction, and cost American
taxpayers about $275,000 each. Nearly 2-1/2 million fewer Americans have
jobs than before the stimulus. Barack Obama has been President for 30
months—2-1/2 years. He spent the first year obsessed with passing Obamacare, a
program that doesn’t create jobs, but might destroy a lot of them. He
“bailed out” GM, but many believe that his interference didn’t save GM; it
merely cost taxpayers an extra $15-20 billion, and stole from legitimate
investors to buy off the UAW. His broken campaign promises are too
numerous to list…’). IT IS NOTHING SHORT OF TRAGEDY TO
SEE PEOPLE DELUDE AND MAKE FOOLS OF THEMSELVES IN SUPPORT OF JIVE-TALKING GRIFTER/CON-MAN
OBAMA. GOOD BYE FORMER FAILED PRESIDENT WOBAMA … GOOD RIDDANCE!
Obama: 'We get Virginia, we win' { Well there you go….it’s now a one state
Presidential race, winner take all…Wow!...The scary thing is that wobama seems
to believe his own b***s***, even when he knows same to be false; as, ie.,
Dreams, etc.. Another choom gang fantasy? He really insults people’s
intelligence. I personally believe, and strong case can be made, that wobama,
like fellow chitown pol
http://albertpeia.com/12factorsamericancitieshellholes.htm
http://albertpeia.com/twobullmythsnowmoot.htm
Two myths that the Bulls continue to cling to were
rendered moot yesterday. Those myths are:
1) That the Fed will engage in more QE.
2) That
http://albertpeia.com/obamacareandsterilizingamericanwomen.htm
http://albertpeia.com/usgestapotactics.htm
http://albertpeia.com/scenesofdespair.htm
July 5, 2012 By gpc1981 http://albertpeia.com/germanywillbailoneuro.htm
http://albertpeia.com/areyouaslave.htm
June 29, 2012 By gpc1981 http://albertpeia.com/noeugamechangers.htm
http://albertpeia.com/kicksinthecandowntheroad.htm
http://albertpeia.com/empburst.htm
Murdoch Dissatisfied With
"Weak" Romney, Allies Say
http://albertpeia.com/senilepenalmurdoch.htm { Yeah; murdoch prefers the ‘tougher’ gay
choom gang banger wobama alternative. More cream pies in his face cries the
senile old media meister. Yeah; the majority of the electorate think just like
billionaire murdoch. Let’s not kid ourselves…murdoch’s totally gone…even the
wisdom of his company’s breakup/split into two companies is being seriously
questioned. …’ Murdoch wrote on Twitter.
"Tough O
POLL: Obama
drops 8 points with whites...
... 13-point
plunge among young voters
Obama Asks
People Getting Married To Forgo Gifts...
Donate
To His Campaign Instead... [ Wobama is so pathetic! Sure, sacrifice
for the grifter wobamas so they can continue livin’ large on the taxpayer dime
while accomplishing nothing except greater public debt to hide his failure.
This from the record holder for fundraisers, 151 and counting. Then there’s the
100 plus rounds of golf in addition to being famously over-vacationed while in
office. It’s laughable to hear him blame congress for his lack of
accomplishments when the reality is that he ‘really wasn’t there’ for any of
it. For wobama the presidency is just endless debate, rhetoric, campaigning,
vacationing, soundbites from the teleprompted speeches, jive-talk, b***s***,
and ‘choom fantasy’. He’s a total fraud and failure and anyone who buys into
election-year desperation / promises, etc., is just a fool of the worst
kind! AP: ‘…THE FACTS: Five Senate
Democrats voted against sending the DREAM Act to the Senate floor for full
consideration. The bill would have created a path to citizenship for many young
illegal immigrants brought to the
Will accept
your birthday or anniversary gifts, too...
www.guardian.co.uk ›
Sep 9, 2008 – Rupert Murdoch
may have told his biographer that he favoured Barack Obama rather than Hillary
Clinton because he'll sell more papers but ...
www.huffingtonpost.com/.../new-york-post-endorses-mc_n_124730....
Sep 8, 2008 – Back in
May, NewsCorp CEO Rupert Murdoch admitted
that he had "played a role" in the decision of the
finance.yahoo.com/.../Barack-Obama’s-Unlikely-Supporter-Rupert-'F...
May 29, 2008 – Murdoch's
not-quite-but-almost endorsement of Barack
Obama for ... Murdoch
added that after a long career in the Senate, McCain
had been ..., etc…
] }
{ In sum, to conclude, though comfortably familiar
to aussie murdoch, himself the product of penal colony progeny in what has now
CHICAGOLAND:
7-Year-Old Girl Gunned Down While Selling Lemonade Outside Home...
MCCONNELL:
'Sold to American people on a deception'...
CURL: Gift
to Romney... { This may seem somewhat counterintuitive and a bit
of a rationalization; but, it is absolutely true. So true in fact, that wobama
will come to be compared to Pyrrhus of Ephyrus (W. Greece) since realization of
what this legislation won’t do for americans and the economy and what it
actually does will not have the galvanizing effect that striking the bill down
would have had on voters who were thinking ‘another free lunch from the
government’ will save them (we all now know better, no such thing). Yes, in
somewhat European tradition, defacto bankrupt
HISTORIC:
HOUSE VOTES HOLDER IN CONTEMPT...
DEM HOODIED
BLACKS PLUS WALK OFF FLOOR...
Pelosi
botches name of slain border agent...
Adult
Chimpanzee Fatally Mauls Baby Chimp at LA Zoo...
ZIMMERMAN
PASSED POLICE LIE DETECTOR...
REPORT...
Syringes
litter NYC beach...
ZOMBIE: Man
who took synthetic drug strangles dog, starts eating it...
POLL: Obama
drops 8 points with whites...
... 13-point
plunge among young voters
VIDEO: Obama
Trips At Campaign Event In Tampa...
ZOMBIE:
Naked man bites off chunk of arm...
PAPER:
Obama's grandfather tortured by the British? A fantasy (like most of the
President's own memoir)... { http://albertpeia.com/wobamaschoomgangfantasy.htm }
JAILHOUSE CALLS: Zimmerman told wife to buy
bulletproof vest...
WAR ZONE: 7 Killed, Dozens Wounded During Obama Visit
to Chicago...
More killed this year than in Afghanistan...
Bill Maher: 'The Problem With Racism Is Matt
Drudge'... { Oh riiiiight! Drudge is the racist for reporting
facts/reality concerning black on every color crime along with black threats.
What can you expect from maher who is an null sum embarrassment/disgrace who
like the italian scallion had married (and I believe is now divorced from) a
black (he like booby deniro need rationalization)? } Here’s some reality for maher
who doesn’t mahter:
U.S.
Cannibal Updates: Doctors release first photos of Miami cannibal victim...
**WARNING:
Extremely graphic** [ See
here: http://albertpeia.com/blackcannibalswhitevicitm.htm ]
'Zombie
Bullets' In High Demand Following Cannibal Attacks...
COPS:
Attacker bit off large chunk of victim's face in bloody assault...
UPDATE:
SOUTH BEACH CANNIBAL WAS CARRYING BIBLE, HAD RECENTLY SMOKED POT...
NEW: Man
Threatens To Eat Cop...
'Growled,
opened and closed his jaw'...
Woman bites
wig shop owner’s bicep, spits flesh in face...
http://albertpeia.com/blackonbrowncrime.htm
http://www.albertpeia.com/whitesvictimizedbyblacks.htm
July 3, 2012 By gpc1981 http://albertpeia.com/greeceyspainpain.htm
http://endoftheamericandream.com
http://albertpeia.com/nolegalsystem.htm
{ The unfortunate reality is what I’ve alluded to
in the context of my own direct experience; viz., america’s ‘legal system’ is
an illegal system used to cover-up crimes, arbitrarily enforce laws to apply
pressure, etc., and essentially run by the inmates of this collective criminal
entity called america: http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
http://albertpeia.com/fbimartinezcongallard.htm }
http://albertpeia.com/americaonfire.htm
Moody's downgrades 15 major global banks
June 21, 2012 By gpc1981 http://albertpeia.com/germanypullout.htm
http://albertpeia.com/datamining.htm
Durden { http://albertpeia.com/rosenbergsaysmarketovervaluedmorethan20percent.htm }
http://albertpeia.com/shockingtruthofunemploymentinamerica.htm
GARY SHILLING: PROFITS WILL PLUMMET AND STOCKS WILL
PLUNGE 43% By
Mamta Badkar | Business Insider
http://finance.yahoo.com/news/gary-shilling-profits-plummet-stocks-203000738.html
http://albertpeia.com/shillingsaysstockswillplunge43percent.htm
April 11, 2012 By gpc1981 http://gainspainscapital.com
http://albertpeia.com/europecollapseinmayjune.htm
27
Statistics About The European Economic Crisis That Are Almost Too Crazy To
Believe
http://albertpeia.com/27statsofeueconomiccrisis.htm
Failed
Wobama model illustrated: 16 Reasons To Move Away From
April 23, 2012 By gpc1981 [ http://albertpeia.com/spainpain.htm ]
http://albertpeia.com/22signsspainheadingintogreatdepression.htm
http://spainbanksystemsecrets.htm
http://albertpeia.com/classwarfare.htm
http://albertpeia.com/95percentofjobslostmiddleclass.htm
http://albertpeia.com/21unansweredquestions.htm
BIN LADEN WAS ALREADY DEAD Bin
Laden: Everyone Is Missing the Big Picture http://albertpeia.com/binladenwasalreadydead.htm
: George Washington : 04/30/2012
... Read full
article ‘ http://albertpeia.com/binladendeadandonicesince2001.htm
http://albertpeia.com/wobamaexecorderforoneworldgovernment.htm
{ The truly
astounding thing here is that without exception, these respective nations, from
largest to smallest, can’t even manage themselves, their own nations properly,
efficiently; and then there’s the inevitable corruption, ‘bigger and better?’.
Come on! More obfuscation! In a world such as this, human nature being what it
is, ‘bigger is definitely not better’! They’re pushing on a string! Time for
accountability! Time to pay the piper! Additionally, people must come to grips
with the reality that wobama hasn’t the slightest idea what he’s doing; hence,
the over-vacationed teleprompter reader whose ‘handlers’ have literally taken
over policy, with some ‘slick’ maneuvering to try and repackage him; ultimately
to no avail inasmuch as his disastrous results at home and abroad speak volumes.
If only he had done what he said he was going to do last campaign, this nation
and the world would have been in a better position today! }
me".’
Military
Winning War Over Pensions Bruce
Krasting 05/02/2012 Why is the Military
Retirement Fund exploding higher? http://albertpeia.com/militarypensiondebacle.htm
Eric
Holder To Be Held In Contempt Of Congress?
http://albertpeia.com/ericholderincontemptofcongress.htm
http://albertpeia.com/100millionworkingageamericansdonthavejobs.htm
May 4, 2012 By gpc1981 http://albertpeia.com/sharpcorrectioncoming.htm
http://albertpeia.com/merkelsinhotwaternomorebailouts.htm
Durden http://albertpeia.com/notinlaborforce.htm
Some
pictures for the past quarter http://albertpeia.com/42712pics.gif
ZeroHedge.com http://albertpeia.com/5reasonsforcautioninusequities.htm
http://albertpeia.com/wobombanation.htm
Debt Serfdom in One Chart http://albertpeia.com/debtserfdom.htm
fedupusa.org | The essence of debt serfdom is debt
rises to compensate for stagnant wages.
Infowars.com | Ground up dead baby fetuses… just
business as usual. { Well, let’s not kid
ourselves; there’s likely canabalism in wobama’s line! How totally disgusting.
I’ll never drink pepsi ever again! }
http://theeconomiccollapseblog.com
http://albertpeia.com/countdowntoeurobreakup.htm
The
Way The Pentagon Is Predicting Your Potential To Become A National Threat Is
Frightening Business Insider |
Tom Cruise made “pre-crime’” a futuresque and controversial method of law
enforcement in the 2002 movie Minority Report. { The business of war … now you
know, along with the frauds on wall street, where all your tax dollars went and
how the nation’s insurmountable debt-load and defacto bankruptcy came to be… http://albertpeia.com/wherehaveallthetaxdollarsgone.htm } Officials:
Al-Qaida underwear bomber worked for CIA
http://albertpeia.com/financialworriesabouteurope.htm
24
Facts That Prove That America Is A Nation Of Slobs
http://albertpeia.com/24factsproveamericaanationofslobs.htm }
J.P.
Morgan has significant credit portfolio loss May 10th, 2012 by News Breaking…………“Shares of J.P.
Morgan Chase & Co. JPM -5.89% dropped after the bank said in a regulatory
filing late Thursday it had “significant” mark-to-market losses in its
synthetic credit portfolio. Shares fell 4.5% to $38.87 in after-hours activity.
In a Securities and Exchange Commission filing, the bank said its synthetic
credit portfolio had proved to be riskier and more volatile than expected.”MarketWatch
MK comment: Sound
familiar? Think Bear Stearns, early 2008.
J.P. Morgan Reveals 'London Whale'-Size Losses
Surprising
JPMorgan loss hits stock market late
http://albertpeia.com/chinamerica.htm
http://albertpeia.com/collapseofderivativesmarket.htm
Lot of whistling down there on wall street as
‘WALL STREET DOES BROADWAY’ (not
Whenever the frauds on wall street feel afraid,
Their penises get erect (for screwin’ someone
other than their deserving selves),
They whistle a happy tune,
So no one will suspect,
They’re afraid.
While shivering in their shoes,
They strike a fearless pose,
And whistle a happy tune,
So no one will suppose,
They’re afraid.
Yeah, lots and lots of whistling on fraudulent
wall street. So uniquely fashioned to their task of obfuscation and fraud, even
Humphrey Bogart would have found Lauren Bacall’s instructive direction for same
as wanting in comparison (not everyone will get this…famous, but strictly
unreal cinematic show biz, not the live fraud biz of wall street fame). I
believe much of this soft shoe song and dance was for the ‘benefit’ of european
markets which are hopelessly in the throes of their own confrontation with
reality, which despite all the whistling is all going to get much worse than feared,
fearless poses notwithstanding (see infra).
It is here where wobama not doing what he said
he’d do last campaign littered with his jive-talking b***s***!
Roche 'The worst part of it
...Obama, who vowed change, has done almost nothing to fix any of it and
in fact continues most of the policies that helped get us here in the first
place’ ‘INSIDE JOB’ Ferguson wins Oscar for Documentary
on the unprosecuted massive extant fraud in the (many) TRILLIONS by the frauds
on wall street ( and declares with oscar in hand that not one high level wall
street exec has been prosecuted … despite ‘earning’ billions from the fraud ) Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP Obama
has promised to hold Wall Street accountable for the meltdown.
http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
Facebook co-founder Saverin renounces citizenship
http://albertpeia.com/collapseofderivativesmarket.htm
http://albertpeia.com/insanelyoptimistic.htm
http://albertpeia.com/hopelesscluelesscalifornia.htm
Failed Wobama model
illustrated: 16 Reasons To Move Away From
http://albertpeia.com/chinabuyingamerican.htm
http://albertpeia.com/endofeurozone.htm
http://albertpeia.com/greekbankrunsgoeurope.htm
http://albertpeia.com/18signseuropebankcrisisbadtoworse.htm
http://albertpeia.com/greekbankingsystemdying.htm
http://albertpeia.com/19thingshsstudentsshouldbetoldbeforecollege.htm
http://albertpeia.com/newworldordervedgesmockus.htm
{ First and foremost clarification: There
are no elite on this planet. The grim
reality for this planet is a dominant species descended from initially
notochords, primitive chordates, and relatively more recently primitive apes.
See generally, http://albertpeia.com/anthroindex1.htm , for a
brief but sorrowful history of man. }
http://albertpeia.com/planetalreadyruined.htm }
http://albertpeia.com/obamas5trilliondollarlie.htm
{ I
disagree to the extent that this economic scenario is posited as anything but
presently already in depression in real terms when taking into account real
inflation numbers. Financial
Crisis Phase II Is Ahead at Forbes Bert Dohmen ‘ In late 2007, I wrote the book Prelude To Meltdown, predicting the global crisis that
occurred the following year. I now see a similar confluence of events ..
“the new recession has started.”… Over the past 33 years, we have called the
start of every recession..Currently, the GDP deflator is 1.8%, which hardly
reflects the true rise in prices. Therefore, what is counted as “growth,” is
actually price increases. Actual inflation..is now more than 11%. Using that to
adjust GDP for inflation, would show that the economy is now in a very sharp
contraction…’ }
http://albertpeia.com/fedecbcantstopcomingcrash.htm
http://albertpeia.com/bankrunsspainitalyeuropeanarchy.htm
{ The one ‘glass half-full’ thing that’s going for
them is that perma-bull Cramer is so wrong, so often, in very big ways; yet,
realistically one must admit that if cramer’s saying so, it’s many times worse!
}
http://albertpeia.com/eurosend.htm
IF IT WAS ONLY ONE THING
ABOUT WOBAMA THAT MAKES HIM SO WRONG. YET, IT’S A MULTITUDE OF REALITIES; FROM
INVARIABLY BROKEN CAMPAIGN PROMISES (Roche
'The worst part of it ...Obama, who
vowed change, has done almost nothing to fix any of it and in fact continues
most of the policies that helped get us here in the first place’ ‘INSIDE JOB’ Ferguson
wins Oscar for Documentary on the unprosecuted massive extant fraud in the
(many) TRILLIONS by the frauds on wall street ( and declares with oscar in hand
that not one high level wall street exec has been prosecuted … despite
‘earning’ billions from the fraud ) Cases against Wall Street lag despite
Holder’s vows to target financial fraud WP
Obama has promised to hold Wall Street accountable for the meltdown. ‘THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv , etc.) , TO VERY REAL BIRTH ISSUES
(WHAT PERSON FAILS TO GET THEIR PLACE OF BIRTH CORRECT – THE FRAUDULENT WOBAMA
KIND http://albertpeia.com/wasntbornintheusa.htm http://albertpeia.com/obp.jpg http://albertpeia.com/impeachobama.htm ) , TO THE CURRENT
OBFUSCATING FRAUD, Obama's Five
Trillion Dollar Lie http://albertpeia.com/obamas5trilliondollarlie.htm { the
economy is already in depression in real
terms when taking into account real inflation numbers. Financial
Crisis Phase II Is Ahead at Forbes Bert Dohmen ‘ In late 2007, I wrote the book Prelude To Meltdown, predicting
the global crisis that occurred the following year. I now see a similar
confluence of events .. “the new recession has started.”… Over the past 33
years, we have called the start of every recession..Currently, the GDP deflator
is 1.8%, which hardly reflects the true rise in prices. Therefore, what is counted
as “growth,” is actually price increases. Actual inflation..is now more than
11%. Using that to adjust GDP for inflation, would show that the economy is now
in a very sharp contraction…’ } , WOBAMA ET ALS’
DISINGENUOUS ATTACKS AGAINST ROMNEY ON WHAT WAS PRIZED AND LAUDED AS LEGAL,
COMPETENT MANAGEMENT INCREASING SHAREHOLDER WEALTH (THE TASK OF COMPETENT
MANAGEMENT) IN THOSE BLOATED, NON-COMPETITIVE TIMES CONTRASTED WITH WOBAMA’S
UNPRECEDENTED FURTHER BANKRUPTING OF THE NATION AND INDISPUTABLE FAILURE AS
PRESIDENT (Obama's
Legacy: A Failed Recovery & Double-Dip Recession Forbes / Mariotti ‘…There will be no significant recovery
in the United States of America while Barack Obama is President. The
evidence is overwhelming: everything Obama has tried to fuel a recovery
(with his Democratic allies in Congress) has failed. Statistics claiming
jobs saved by the stimulus package were mostly fiction, and cost American
taxpayers about $275,000 each. Nearly 2-1/2 million fewer Americans have
jobs than before the stimulus. Barack Obama has been President for 30
months—2-1/2 years. He spent the first year obsessed with passing Obamacare, a
program that doesn’t create jobs, but might destroy a lot of them. He
“bailed out” GM, but many believe that his interference didn’t save GM; it
merely cost taxpayers an extra $15-20 billion, and stole from legitimate
investors to buy off the UAW. His broken campaign promises are too
numerous to list…’). IT IS NOTHING SHORT OF TRAGEDY TO
SEE PEOPLE DELUDE AND MAKE FOOLS OF THEMSELVES IN SUPPORT OF JIVE-TALKING
GRIFTER/CON-MAN OBAMA. GOOD BYE FORMER FAILED PRESIDENT WOBAMA … GOOD RIDDANCE!
Dave’s Daily: http://www.etfdigest.com ALGOS FEAST ON RUMORS May 24, 2012 http://albertpeia.com/dave.htm
{ Related: 34
Shocking Facts About U.S. Debt That Should Set America On Fire With Anger http://theeconomiccollapseblog.com http://albertpeia.com/34shockingfactsofusdebt.htm ‘We have all been
lied to. For decades, the leaders of both major political parties have
promised us that they can fix our current system and that they can get our
national debt under control. As the 2012 election approaches, they are making
all kinds of wild promises once again. Well you know what? It is
all a giant sham. The
http://albertpeia.com/usacommunistchinacolony.htm
{ A sure sign that the
communist Chinese have lost their edge; I mean, rationally speaking, who’d want
to? }
[ Related: Why
Is The Obama Administration Allowing The Chinese Government To Buy Up U.S. Oil
And Gas Deposits Worth Billions Of Dollars?
http://albertpeia.com/chinabuyingamerican.htm
]
http://albertpeia.com/derivativesmarketcrashtaxpayerbailout.htm
Submitted
by Tyler
Durden on 05/31/2012 http://albertpeia.com/everyonenowasellerofusstocks.htm
"Expect the S&P500 to decline decisively
below its March 2009, 666 intraday low. All hope will be crushed."
http://albertpeia.com/sp500todeclinebelow666.htm
http://albertpeia.com/badjobsreportsmalltasteofcomingnightmare.htm
http://albertpeia.com/endgamecollapse.htm
http://albertpeia.com/laborparticipationratechartfromdave.jpg
June 1, 2012 By gpc1981 http://albertpeia.com/contraindicatedqe3aintcoming.htm
http://albertpeia.com/unwantscontrolofinternetforcensorshiptaxessurveillance.htm
http://albertpeia.com/21signsbadsummerforglobalfinancialsystem.htm
http://albertpeia.com/eusystemicrisk.htm
http://albertpeia.com/americaindeclineandloweredexpectations.htm
Submitted
by Tyler
Durden on 06/05/2012 {
Riiiiight! What a dumb thing to say … after all, Who’s going to bail out the
US, who’s going to clean up the mess they call US - The
Real Obama Budget Deficit For 2011: 5 Trillion Dollars http://albertpeia.com/2011realobamabudgetdeficit5trillion.htm
(Related: 34
Shocking Facts About U.S. Debt That Should Set America On Fire With Anger http://albertpeia.com/34shockingfactsofusdebt.htm ) America’s
debt woe is worse than Greece’s News
(CNN) — ‘Our government is utterly broke. There are signs everywhere one
looks…The government’s total indebtedness is $211 trillion’
… }
Dave’s Daily: http://www.etfdigest.com BIG WEDNESDAY SHORT SQUEEZE 6-6-12 ‘There
wasn’t much in the way of “hard news” to account for Wednesday’s large stock
market rally … warm-up acts for Thursday’s Bernanke’s congressional
speech.Below is a quote in the conclusion of Richard Fisher’s (Dallas Fed
President & non-voting member) speech which was little noted but struck a
nerve nonetheless with yours truly: “And there is a growing sense that we are unwittingly, or worse,
deliberately, monetizing the wayward ways of Congress. I believe that were we
to go down the path to further accommodation at his juncture, we would not
simply be pushing on a string (in other words, futile) but would be viewed as
an accomplice to the mischief (corruption, fraud, incompetence, malfeasance,
etc.) that has become synonymous with
June 6, 2012 By gpc1981 http://albertpeia.com/eufinished.htm
The
Criminal Banking Cartel's End Game: A 100% Digital Monetary System
Posted by: smartknowledgeu
Post date: 06/07/2012 The end game of this global monetary crisis is the
imposition of a 100% digital monetary system that would permanently end what
little economic freedoms we still retain today. Educate. Resist. Fight...
http://albertpeia.com/criminalcartel.htm { I agree with the thrust of this article
which I’ve yet to read in full; if only to emphasize that with a mouse
click/button/keystroke/enter you could easily be separated from your
money/wealth which is a formidable intimidating threat consistent with planned
subservience (and also facilitating manipulated fraud, etc.). And, don’t think
they wouldn’t do it, meaningless, arbitrarily enforced laws notwithstanding.
Don’t forget; government slugs all have the same employer. I experienced the
corruption first-hand: http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
http://albertpeia.com/fbimartinezcongallard.htm
http://albertpeia.com/americangovernmentdrugtrafficking.htm
http://albertpeia.com/americascorruptiondrugtrade.htm
http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm }
Dave’s Daily: http://www.etfdigest.com MARKETS RALLY
ON LIGHT VOLUME 6-8-12 ‘Markets started the day off weakly then rallied late
because…wait for it, Spain is rumored to be willing to ask for help, and Obama
said European leaders face an “urgent need to act”. No, you can’t make this
kind of stuff up. His statement is about as effective as a Kofi Annan Syrian
peace plan. Search as I may, there seems to be little hard news to explain
Friday’s rally.
http://albertpeia.com/70badfactsaboutuseconomy.htm
http://albertpeia.com/economiccollapsenotsingleevent.htm
http://albertpeia.com/reinforcementoffailure.htm
Dave’s Daily: http://www.etfdigest.com BULLS ARE EXPECTING MORE FED QE 6-12-12
‘“I’ve been in favor of pretty much any accommodative policy I’ve heard about,”
said Charles Evans, President of the
Americans' net worth falls 40% from 2007-2010
Jerry Sandusky’s defense could be histrionic
personality disorder [ Come on! A
psychiatrist/psychologist would be accused of malpractice for such a diagnosis;
clearly more than self-dramatization and an exaggerated display of emotions on
the part of sweet sandy...Sobbing witness, 18, details sex abuse in Sandusky
trial { The defense: just a frolicking, cornholin’, fun-loving man-child; that
sweet sandy was! Riiiiight! ‘… "After cracking my back and rubbing his
hands down the back of my shorts and blowing on the stomach, he, he put his
mouth on my privates," the man said, holding back sobs as a silent
courtroom listened. "I didn't know what to do. With all the thoughts
running through my head I kind of blacked out, I didn't want it to
happen," the witness added. The witness began to cry and said
http://endoftheamericandream.com
http://albertpeia.com/howtodietime.htm
{ First and foremost clarification: There
are no elite on this planet. The grim reality for this planet is a dominant
species descended from initially notochords, primitive chordates, and
relatively more recently primitive apes.
See generally, http://albertpeia.com/anthroindex1.htm , for a brief but sorrowful history of
man. }
PrisonPlanet.com | Facebook has deleted my account for
no reason and is demanding my passport. Social networking websites routinely
censor alternative media. Another fantastic reason to sign up at Planet
Infowars. http://albertpeia.com/37responsestofacebookdeletesaccountdemandspassport.htm
http://albertpeia.com/onepointsixtrillionmoredebt.htm
http://albertpeia.com/10thingswecanlearnpreparefromgreekeconomiccollapse.htm
Submitted
by Tyler
Durden on 05/31/2012 http://albertpeia.com/usdhsadmitsmonitoringyouforthese377words.htm
Spain
Just Gave Us a Glimpse Into the True State of the EU Banking System Posted by:
Phoenix Capital... Post date: 05/31/2012 - 13:55 This is
the state of affairs in Europe: bankrupt nations trying to bailout bankrupt
banks or looking for bailouts from funds that are backed by other bankrupt
nations.What could go wrong? http://albertpeia.com/truestateofeubankingsystem.htm
http://albertpeia.com/18examplesofnannystategonewild.htm
http://albertpeia.com/taxesyoupaytheirway.htm
{As I’ve previously said, President Romney would be
less than rational to tell his tax advisors ‘to take a dive’ when it comes to
his financial planning. Importantly, it should be noted that up to now,
President Romney has not been part of the federal system (unlike obama, kerry,
etc.) that sets federal tax policy / laws.}
Submitted
by Tyler
Durden on 05/26/2012
“I am
concerned for the security of our great Nation; not so much because of any
threat from without, but because of the insidious forces working from within.”
’ http://albertpeia.com/dave.htm
Forget
the Upcoming Elections… Greece Has Already Proved the Great “Bailout Lie” May 29, 2012 By gpc1981 http://albertpeia.com/alreadygreatgreekbailoutlie.htm
http://albertpeia.com/25signssmartmoneywriteoffsoeu.htm
http://albertpeia.com/eushatteringeubonds.htm
May 23, 2012 By gpc1981 http://albertpeia.com/greecesecondbailouteuimplosion.htm
Aaron Dykes | Publicist says “fact checking” not
correspondence with Obama to blame, as apology is rushed out
Infowars | Over 16
Years, Obama’s Literary Agency Circulated Official Biography Listing Birthplace
as Kenya, Suddenly Changing it to
Infowars | Obama’s
own authorized biography while president of the Harvard Law Review says he was
“born in
Paul Joseph Watson |
Establishment media pulls stunt in effort to diffuse ‘birther’ controversy.
Establishment media pulls stunt in effort to diffuse
‘birther’ controversy
Paul Joseph Watson Infowars.com
Friday, May 18, 2012
The establishment media hastily seized on yesterday’s
explosive story about a literary publication listing Barack Obama’s birthplace
as
A literary agent’s promotional text for a 1991
brochure released
yesterday by Breitbart.com states Obama was “born in
Yahoo
News, along with a deluge of other mainstream news outlets, responded by
reporting that the document was potentially the “source” of the birther
controversy and had merely been a mistake.
The literary agent who wrote the description, Miriam
Goderich, now works with Dystel & Goderich agency, which lists Obama as one of its clients.
Unsurprising therefore that Goderich hastily claimed listing Obama’s birthplace
as
However, evidence to indicate that Obama war born in
- Despite claiming the passage about Obama’s
birthplace being
- The literary agency also updated
the text in June 1998, but the part about Obama being born in
- The text was again updated in February 2005 to reflect
the fact that Obama had become a Senator, but
- After an April 2007 modification of the text, the
passage still read Obama, “was born in
- As
Steve Boman reveals, the Dystel & Goderich agency asks its clients to
submit their own biography, meaning it’s virtually impossible the listing of
Obama’s birthplace as Kenya could have been a “fact checking error” on behalf
of the literary company itself.
- During a speech about HIV, First Lady Michelle
Obama said she and Barack Obama “visited his home country of
- In 2008, Obama’s paternal step grandmother
appeared to indicate publicly that Barack Obama was born in
- Another source who met Sarah Obama told World Net
Daily, “I have keenly and attentively listened to the tape over and over again,
and I can confirm from Sarah’s own confession that Barack Obama was born in
- A separate Kenyan government official agreed,
stating, “I have listened to the tape. The preacher asked whether Barack Obama
was born in Mombassa, and the translator asked the same. When she said
Mombassa, it was like a surprise, and those there thought she could not have
meant to say Mombassa.”
- When New York Times bestselling author Jerome Corsi
traveled to
- When
- Obama has deep political connections in
For the mainstream media to imply that the 1991
brochure is the “source” of the claim that Obama was born in
*********************
Paul Joseph Watson is the editor and writer for Prison Planet.com. He is the author of Order
Out Of Chaos. Watson is also a regular fill-in host for The Alex Jones Show and
Infowars Nightly News.
Similar/Related Articles
Infowars.com | Alex
speaks with Congressman Walter B. Jones, Jr. about H.CON.RES.107.
Forrester: Apple is Entering a Long Decline Written
by Damon
Poeter PC
Magazine ‘ At least
one analyst is bucking the trend of gushing over Apple. Forrester Research
chief executive George Colony laid out his case in a blog post Wednesday for
why he thinks the company will start looking like just another tech .. ‘ [ As much as I like Apple, my first
computer, and am glad they survived in a big way, I’m constrained to agree.
Moreover, and I can’t prove this, I believe there to be some ‘soft’ stimulation
of the heavily weighted, more bang for the buck, Apple stock by way of
subsidized purchases. Remember those $275,000 per car government purchases, and
the $278,000 cost per stimulus job? What’s $500 per ipad or iphone, etc., to a
nation hopelessly, insurmountably indebted to the tune of $211 trillion,
especially in their election year desperation. This should in no way be
construed as a slight to Cook; but rather, just the reality there’s a limit to
what one’s willing to pay for fairly common utility. That said, I’d still buy
an IPad since, as with the ipod and the simple technology involved, amazingly,
ultimate competitors as, ie., microsoft with zune, etc., didn’t measure up at
all! I think the IPhone’s totally underwhelming! Contrary to the tenor of the
article, I believe charisma has nothing whatsoever to do with the inevitable
decline ahead; and, not just Apple. ]
‘At least one analyst is bucking the trend of gushing
over Apple. Forrester Research chief executive George Colony laid out his case in a blog post Wednesday for why he
thinks the company will start looking like just another tech companies within
the next four years unless it finds another "special, magical" leader
like Steve Jobs.
Colony's position couldn't be more contrarian. Apple
just reported
record March quarter profits while selling tens of millions of its iPhones,
iPads, and Mac computers. In the past few months, other analysts have been
jockeying to tout Apple's share price, currently at just over $600 per share,
for gains past the $800, $900, and even $1,000 threshold.
But if Apple's riding high now, that's not going to
last, according to Colony.
"Apple will decline in the post Steve Jobs
era," he writes, explaining that Apple under Jobs fit the bill as a
"charismatic organization ... headed by people with the 'gift of
grace'." Succession in such an organization is particularly difficult
because while bureaucratic and traditional organizations have processes and
rituals to elevate new leadership, "[i]n charismatic organizations, the
magical leader must be succeeded by another charismatic—the emotional connection
of employees and (in the case of Apple) customers demands it."
Colony quotes liberally from Max Weber's The
Theory of Social and Economic Organization and Adam Lashinky's Inside
Apple to build his case that Apple will "coast" over the next 24
to 48 months and "then decelerate."
What about the processes Jobs himself put in place at
Apple to ensure that his vision and management style would endure at the
company after he was gone? Apple University and other company initiatives
fostered by Jobs won't do the trick, Colony claims, quoting Weber:
"Charisma can only be awakened and tested, it cannot be learned or
taught."
Colony argues that Jobs' successor, Tim Cook, has a
"legal/bureaucratic approach" to leading Apple that "will prove
to be a mismatch for an organization that feeds off the gift of grace."
Instead of Cook, the company should turn to Jonathan Ive or Scott Forstall to
be CEO, the analyst writes.
If Apple doesn't get another magical charismatic
leader, Colony concludes, it risks turning into Sony after Akio Morita or
Polaroid post-Edwin Land—a company that goes from great to merely good in a few
short years./
http://endoftheamericandream.com
http://albertpeia.com/10factsaboutamericanenergyresources.htm
[ Well, first off, since we’re only talking decades at
best, I agree the alarmist propaganda is all for naught. Yet, make no mistake,
those who equate shale oil, deep water oil, etc., with that close to the
surface, easily recovered, ie., sweet crude, are as
misguided. It’s kind of like that ‘asteroid mining’ that’s ‘become the rage’.
Firstly, in hollywood (oh yeah, we’ve seen them
digitally land on asteroids, planets as in Avatar, etc., with ease and without
a hitch), they don’t keep books the way other businesses do, at least on the
creative end, viz., ie., Cameron. And, what do you
expect a former pilot to say, etc.? As an example of ‘fuel price makes a
difference’, anyone who thinks american airlines among
others went bankrupt because they’re so horribly managed or because they felt
like strategically avoiding their debt would be mistaken. For airlines it’s all
about fuel costs and load factors, capital intensive that they are, and pennies literally do make a difference.
Costs of extraction make a difference. Oh sure, there’s loads of oil. It’s all
about the costs of getting it. Peak oil really has been reached in terms of
‘easy pickins’. Some even argue/document persuasively
that current reserves of the ‘easy pickins’ are
over-stated. ]
Merkel’s
Back is Against the Wall… Time for Germany’s “Plan B”?
[ http://albertpeia.com/germanyplanb.htm ]
http://theeconomiccollapseblog.com
http://albertpeia.com/24factsaboutmindblowingustaxes.htm
‘The
The following are 24 outrageous facts about taxes in
the
#1 - The
#2 -
According to the National Taxpayers
#3 - 75 years
ago, the instructions for Form 1040 were two pages long. Today, they are 189 pages long.
#4 - There
have been 4,428 changes to the tax code over
the last decade. It is incredibly costly to change tax software, tax
manuals and tax instruction booklets for all of those changes.
#5 - According
to the National Taxpayers
#6 - Our tax
system has become so complicated that it is almost impossible to file your
taxes correctly. For example, back in 1998 Money Magazine had 46 different tax
professionals complete a tax return for a hypothetical household. All
46 of them came up with a different result.
#7 - In 2009,
PC World had five of the most popular tax preparation software websites prepare
a tax return for a hypothetical household. All five of them came up with a different result.
#8 - The IRS
spends $2.45 for every $100 that it collects in
taxes.
#9 -
According to The Tax Foundation, the average American has to work until April 17th just to pay federal, state, and
local taxes. Back in 1900, "Tax Freedom Day" came on January 22nd.
#10 - When the
#11 -
Residents of
#12 - The
#13 -
According to Forbes, the 400 highest earning Americans pay an average federal
income tax rate of just 18 percent.
#14 - Warren
Buffett had an effective tax rate of just 17.4 percent for 2010.
#15 - The top
20 percent of all income earners in the
#16 - Sadly, as Bill Whittle has shown, you could take
every single penny that
every American earns above $250,000 and it would only fund about 38 percent of
the federal budget.
#17 - The
#18 - Some tax
havens are doing a booming business in setting up sham headquarters for
#19 - In 1950,
corporate taxes accounted for about 30 percent of all federal revenue.
In 2012, corporate taxes will account for less than 7 percent of all federal revenue.
#20 - In a previous article, I discussed
how many of our largest corporations make huge profits and yet pay less than nothing in taxes....
What
The following figures come directly out of a report by Citizens
for Tax Justice. These are combined figures for the tax years 2008,
2009 and 2010.
During those three years, all of the corporations
below made a lot of money. Yet all of them paid net taxes that were below
zero for those three years combined.
How is that possible? Well, it turns out that
instead of paying in taxes to the federal government, they were actually
getting money back.
So for these corporations, their rate of taxation was
actually below zero.
If you have not seen these before, you are going to
have a hard time believing some of these statistics.....
*Honeywell*
Profits: $4.9 billion
Taxes: -$34 million
*Fed Ex*
Profits: $3 billion
Taxes: -$23 million
*Wells
Profits: $49.37 billion
Taxes: -$681 million
*Boeing*
Profits: $9.7 billion
Taxes: -$178 million
*Verizon*
Profits: $32.5 billion
Taxes: -$951 million
*Dupont*
Profits: $2.1 billion
Taxes -$72 million
*American Electric Power*
Profits: $5.89 billion
Taxes -$545 million
*General Electric*
Profits: $7.7 billion
Taxes: -$4.7 billion
Are you starting to get the picture?
#21 -
Exxon-Mobil paid $15 billion in taxes in 2009, but not a single penny went to the
#22 - Many
wealthy Americans hide enormous amounts of money outside the country in order
to avoid paying taxes. According to the IMF, a total of 18 trillion dollars is currently being hidden
in offshore banks.
#23 - The
number of traffic accidents spikes each year right around April 15th. The
following is from a recent Bloomberg article....
Deaths from traffic accidents around April 15,
traditionally the last day to file individual income taxes in the
#24 - Most of
the tax debate is focused on income taxes, but the truth is that Americans pay
dozens of other taxes every single year. The following are just a few of
the taxes that many Americans pay....
#1 Building
Permit Taxes
#2 Capital
Gains Taxes
#3 Cigarette
Taxes
#4 Court
Fines (indirect taxes)
#5 Dog
License Taxes
#6 Federal
Unemployment Taxes
#7 Fishing
License Taxes
#8 Food
License Taxes
#9 Gasoline
Taxes
#10 Gift Taxes
#11 Hunting
License Taxes
#12
Inheritance Taxes
#13 Inventory
Taxes
#14 IRS
Interest Charges (tax on top of tax)
#15 IRS
Penalties (tax on top of tax)
#16 Liquor
Taxes
#17 Luxury
Taxes
#18 Marriage
License Taxes
#19 Medicare
Taxes
#20 Property
Taxes
#21
Recreational Vehicle Taxes
#22 Toll Booth
Taxes
#23 Sales
Taxes
#24
Self-Employment Taxes
#25 School
Taxes
#26 Septic
Permit Taxes
#27 Service
Charge Taxes
#28 Social
Security Taxes
#29 State
Unemployment Taxes (SUTA)
#30 Telephone
Federal Excise Taxes
#31 Telephone
Federal Universal Service Fee Taxes
#32 Telephone
Minimum Usage Surcharge Taxes
#33
#34 Tire Taxes
#35 Toll
Bridge Taxes
#36 Toll
Tunnel Taxes
#37 Traffic
Fines (indirect taxation)
#38 Utility
Taxes
#39 Vehicle
License Registration Taxes
#40 Vehicle
Sales Taxes
#41 Workers
Compensation Taxes
When you account for all forms of taxation on the
federal, state and local levels there are many Americans that pay out more than
half of their incomes in taxes.
We are being taxed into oblivion, and yet most Americans do
not even realize that it is happening.
It is kind of like being killed by thousands of tiny
cuts.
So what do all of these taxes buy us?
They buy us a massively bloated government that
wastes money on some of the
craziest things imaginable.
Millions of Americans work for the federal
government, and yet most of them produce very little of real economic
value. The following comes from a recent National Review article....
By 2005, the federal government employed 14.6 million
people: 1.9 million civil servants, 770,000 postal workers, 1.44 million
uniformed service personnel, 7.6 million contractors, and 2.9 million grantees.
This amounted to a ratio of five and a half “shadow” government employees for
every civil servant on the federal payroll. Since 1999, the government had
grown by over 4.5 million employees.
According to that same article, when you add in state
and local government workers the numbers are even more dramatic....
According to the
Yes, we do need some government. For example,
without any law enforcement at all our society would descend into complete
chaos, and without any military at all we would be completely open to foreign
conquest.
In order to have a stable, secure society we do need
some government.
However, we definitely do not need the massively
bloated government that we have today.
The truth is that most government employees are a drain on the system.
Most of them just push paper around. I used to work in
And as I wrote about yesterday, there are millions of
other Americans that enjoy a comfortable existence at the expense of the
federal government without doing any work whatsoever.
Of course the biggest welfare recipients of all are the big corporations. All forms
of corporate welfare should be eliminated immediately.
When are
Every single year, the federal government, state
governments and local governments drain massive amounts of desperately needed
money from hard working middle class families.
Then they take that money and spend it on incredibly foolish things.
When are American voters going to stand up and boldly
declare that they have been taxed enough already and they aren't going to take
it anymore?
The current tax code is completely and utterly broken
and it is beyond repair.
Unfortunately, neither the Republicans or the
Democrats are proposing that we should get rid of it.
So we are just going to continue to get more of the
same year after year, and it is the middle class that will feel the pain.’
[
To the contrary, because of his policies and particularly the bailouts
which facilitated consummation of and even greater frauds, the real economy,
the nation, taxpayers will suffer a more severe fate than even that obfuscated
by bad policy in this election-year expedience! ‘… When the last financial
crisis began, the
A View on Inflation & Keynesian Talking Points : CrownThomas : 03/29/2012 The ponzi will fail, and the economy will reset - the only question is when. http://albertpeia.com/fedponzifails.htm
‘Massive
Wealth Destruction’ Is About to Hit Investors: Faber http://albertpeia.com/massivewealthdestructionabouttohit.htm
{
RICHARD
RUSSELL: A Massive Stock Market Collapse Will Wipe Out 60 Years Of Inflation
And Leveraging
http://albertpeia.com/19signsveryseriouseconomictroubleonhorizon.htm
People
have become weary of making up excuses for blacks (like obama, holder, etc.).
At some point, as now, people should not be timid about relating the cold,
unvarnished truth statistically / factually about blacks and, ie., black on white violent crime, etc..
From
Pat Buchanan: As for racism, its ugliest manifestation is in
interracial crime, and especially interracial crimes of violence. Is Barack
Obama aware that while white criminals choose black victims 3 percent of the
time, black criminals choose white victims 45 percent of the time? Is Barack
aware that black-on-white rapes are 100 times more common than the reverse,
that black-on-white robberies were 139 times as common in the first three years
of this decade as the reverse? We have all heard ad nauseam from the Rev. Al
about Tawana Brawley, the Duke rape case and
Drudgereport:
People have become weary of making
up excuses for blacks (like obama, holder, etc.). At some point, as now, people
should not be timid about relating the cold, unvarnished truth statistically /
factually about blacks and, ie., black
on white violent crime, etc..
From Pat Buchanan: As for
racism, its ugliest manifestation is in interracial crime, and especially
interracial crimes of violence. Is Barack Obama aware that while white
criminals choose black victims 3 percent of the time, black criminals choose
white victims 45 percent of the time? Is Barack aware that black-on-white rapes
are 100 times more common than the reverse, that black-on-white robberies were
139 times as common in the first three years of this decade as the reverse? We
have all heard ad nauseam from the Rev. Al about Tawana Brawley, the Duke rape
case and
EUROPE RIDICULES OBAMA...
'Maybe copy key got stuck on presidential
speechwriter's keyboard'...
A Warning Sign For The
World http://albertpeia.com/warningsignfortheworld.htm
Any financial system that is based on debt is doomed to fail. Today, we
are living in the greatest debt bubble that the world has ever seen, and if all
of a sudden people could not use credit to buy things our economy would
immediately ground to a halt. Unfortunately, no debt bubble can last
forever. When this current debt bubble finally bursts, faith in the
financial system is going to disappear, credit is going to freeze up and there
is going to be a massive wave of bank failures.
America 1950 vs.
America 2012 http://albertpeia.com/downhillslideofamerica.htm
10.7
Percent: Unemployment In Europe Is Worse Than It Was At The Peak Of The Last
Recession http://albertpeia.com/europeunemploymentworsethanrecession.htm
http://albertpeia.com/18statseconomynotimprovedsinceobama.htm
ECRI Stays with
Recession Call New American | The vicious cycle is
starting where lower sales, lower production, lower employment and lower income
[leads] back to lower sales…BOB
ADELMANN New
American Tuesday, March 13,
2012 http://albertpeia.com/ecricallsrecession.htm
http://albertpeia.com/americabetterwithoutgoldmansachs.htm
And what do stocks do on latest S&P report that
{ Ah yes …
those sweet sounds and smells of motown … the darks coming to a place near you!
}
Do you want to know what the future of
Drug
war hypocrisy: drug trafficking’s big money benefits Big Brother and corrupt banksters PF Louis | The hypocrisy of the war on drugs is centers on
the amount of drug trafficking that benefits the CIA and international banking
system. Natural
News February 1, 2012 [ [ http://albertpeia.com/americangovernmentdrugtrafficking.htm http://albertpeia.com/americascorruptiondrugtrade.htm http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm
http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm
]
‘The hypocrisy of the war on drugs is outrageous when compared to the
amount of drug trafficking that benefits the CIA and international banking
system. The son of a convicted notorious mobster, John Gotti Jr, when asked in
court if the family still dealt drugs cracked, “No, we can’t compete with the
government.”
Today in
This doesn’t make sense
despite all the mainstream reports that American troops are protecting the
poppy farmers from the bad guys. Internet sites such as Prison Planet, Info
Wars, The Political Coffeehouse and others report otherwise. They connect the
CIA and US military to restarting the poppy fields in
The CIA’s secret
operations to influence journalism started in the 1950s by infiltrating the media
and bribing journalists to be operatives and assets for the CIA. By 1976, then
CIA director William Colby reportedly bragged that the CIA owned the press.
Supposedly, this too secret to name operation was coined “Operation
Mockingbird” by Deborah Davis in her book Katherine the Great.
Operation Mockingbird
worked well against prize winning journalist Gary Webb when his newspaper, the San
Jose Mercury News, ran his in depth series on CIA drug trafficking that
flooded the USA to help finance the CIA backed Nicaraguan Contras during the
1980s.
Journalists all over the
Webb retaliated by
having his book Dark Alliance published and making the NY Times
best seller list, forcing some of his critics to privately eat crow after the
fact.
Despite the CIA’s
control of the press, a few Mexico and Central America cocaine busts of plane
cargoes and discoveries of large cocaine stashes on crashed planes with CIA
hired pilots flying them for front companies did hit the mainstream news, albeit
briefly.
Remember the movie “Air
When the
But opium trade history
goes back further, to colonial times and early
A few key players
created family fortunes from the China opium trade that exist today within some
northeast America’s “old money” families.
Among the familiar
family names, according to Wikipedia (source below) is Forbes. Another
source mentions Astor, a prominently wealthy philanthropic family around
Now it is illegal as
well. Ironically, this allows the biggest illicit drug providers to financially
benefit the CIA and international banking.’
Sources for this article
include:
http://whatreallyhappened.com/RANCHO/POLITICS/MOCK/mockingbird.php
http://en.wikipedia.org/wiki/Forbes_family
http://en.wikipedia.org/wiki/John_Jacob_Astor
http://thepoliticalcoffeehouse.com/2011/12/01/us-military-opium-afghanistan/
http://www.minormusings.com/Drugs/Mask.html
See also:
Big Banks, Gov’ts
Collude in Drug War Hypocrisy
Much Of Afghan Drug
Money Going To ‘Our Friends’
Steady
Stream of Drug Money Departs Afghanistan, U.S. Officials Flummoxed
Afghan CIA Drug
Kingpin Shot Dead by Own Bodyguard
Afghanistan drug trade
hits $4 billion a year
Occupiers involved in
drug trade: Afghan minister
US and NATO protecting Afghan
drug trade
B.C. RCMP seize
60,000 poppy plants in record haul
NATO rejects
Russian call for Afghan poppy spraying
War
on drugs is a hoax: US admits to guarding, assisting lucrative Afghan opium
trade
UN: Afghan
opium production up by 61% under NATO’s watch
DOJ:
Drug Cartel’s Influence Extends Well Beyond Border Well Into the U.S.
RealClearMarkets
- Gary Shilling: New Global Recession Is Here (It’s
actually a depression and no nation will be spared!) http://www.marketwatch.com/story/shilling-says-new-global-recession-is-here-2012-01-20?link=MW_story_popular
By Howard Gold
2012 Update: What Part III of the financial crisis will look
like
http://www.stansberryresearch.com/pro/1108PSINEWVD/PPSIN138/PR
http://www.stansberryresearch.com
http://www.stansberryresearch.com/pro/1108PSINEWVD/PPSIN111/PR
http://www.albertpeia.com/stansberrysinvestmentadvisory.flv
http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm
'OBVIOUSLY UNSERVICEABLE DEBT TO
WEIGH ON STOCKS IN 2012’ http://www.bullfax.com/?q=node-obviously-unserviceable-debt-weigh-stocks-2012 12/23/2011 By Chris Ciovacco: Referencing Kyle Bass’ work in a
December 18 video,
we noted numerous countries have an unstable combination of debt and revenue
relative to the size of their banking system. Another excellent source for debt
sustainability analysis comes from Jeffery Gundlach, manager of the 2011
top-performing
Tough
Year For Stocks, Gold And Treasury ETFs Did Better Forbes
My
Christmas Cards Predict "Eternal Conflict" And "Economic
Disaster" Forbes Robert Lenzner ‘For the first time in my life, some
Christmas messages are weighing in about the worrisome condition
of US economy and the financial markets– as well as family
news. Obviously, the crisis we are facing is triggering
disheartening expressions of concern at holiday time.
This from a former
state finance chairman for George Bush, who is so distressed he is staying out
of the primary race.
On Jobs; ” I wonder why
our candidates have not come forward to feature as the main and vital keystone
of their campaign that sector in the economy which can create millions of jobs
and solve our huge foreign trade deficit– converting our $300 billion plus
purchase of foreign oil to domestic energy– electrification of transportation,
more natural gas, nuclear, more domestic oil drilling, clean coal, and all the
domestic alternatives.”
On the deficit: ”
I have also become very disheartened with our politicians’ inability to strike
a grand compromise on reducing the federal deficit. We are considerably
constrained by the Grover Norquist tax pledge signed by so many Republicans,
wherein an elimination of a tax loophole which takes the recovered revenue and
applies it to reduce debt is considered a tax increase and therefore
unacceptable. This position will never allow the Republicans to negotiate and
compromise( a noble word) with the democrats on a combination of a massive
expense reduction with a modest revenue increase.”
All this from a
conservative Republican in a key state who is utterly frustrated by “ eternal
gridlock in Washington“—
and determined to spend considerably more quality time with his family. All
this ranting in a Christmas card; it’s a first.
Then, there’s the
retired
The
Smartest Guys in the Room Are Screaming "Get Out of the Markets!" Todd Harrison http://www.minyanville.com/articles/articlelisting.htm#ixzz1hGAVUaU9
Has
the Global Economy Been Zapped by ZIRP? Minyanville Eugene Linden
Dec 21, 2011 ‘Zero interest rate policies dominate the world's largest
economies -- a situation that's contributing to the worsening pension crisis,
the unnaturally buoyant equity markets, the need for quantitative easing, and
even the bull market in gold. Read more: http://www.minyanville.com/businessmarkets/articles/zero-interest-rate-policy-zirp-us/12/21/2011/id/38513#ixzz1hFyFn7Pb Eclipsed by
Historically, examples of ZIRP are few and far between – and usually very brief
– but now ZIRP and near-ZIRP dominate the interest
rate policies for most of the world’s largest economies.
We’re in uncharted territory. More worrisome, the longer an economy embraces
ZIRP, the harder it is to extricate itself. In fact, as far as I can tell, no
one has exited extended ZIRP intact and voluntarily. Some, like Kyle Bass,
argue that once a nation gets trapped in ZIRP for an extended period, the only
escape is through debt restructuring. Others say war.
ZIRP has been the policy of the United States since 2008; it has been the
policy of Japan for most of the past two decades, and it is becoming the policy
of the ECB, at least in terms of ECB short-term funding. Currently, over two
trillion dollars of
The problem is as simple and intractable as human nature. So long as there's a
market willing to buy a government’s debt (or buyers who can be forced to buy
said debt), ZIRP offers the promise of vast new funds with virtually no
increase in carrying costs. If the problem is short-term liquidity, the theory
is that ZIRP buys the time necessary to restart growth. If the problem is
solvency, however, ZIRP is viewed as an alternative to a painful restructuring.
In that case (e.g. Japan), the rotten debts remain on the books of the banks,
hobbling the lending that is necessary for the economic growth that will enable
the central bankers to wean the economy off the drug.
Faced with little or no economic growth and anemic tax receipts, central
bankers keep pumping out new debt. When
The
At the same time, to keep the interest burden of debt from spiraling out of the
control, nations are tempted to shift to shorter duration. This has the effect
of leaving a country ever more vulnerable should central bankers be forced to
raise interest rates. Interest payments are now just 1% of GDP and 5.7% % of US
expenditures, actually fairly low (though, even at these levels, interest chews
up 14% of each tax dollar collected). In fact, the interest bill for
|
|
2011 |
$454,393,280,417.03 |
2010 |
$413,954,825,362.17 |
2009 |
$383,071,060,815.42 |
2008 |
$451,154,049,950.63 |
2007 |
$429,977,998,108.20 |
2006 |
$405,872,109,315.83 |
2005 |
$352,350,252,507.90 |
2004 |
$321,566,323,971.29 |
2003 |
$318,148,529,151.51 |
2002 |
$332,536,958,599.42 |
2001 |
$359,507,635,242.41 |
2000 |
$361,997,734,302.36 |
1999 |
$353,511,471,722.87 |
1998 |
$363,823,722,920.26 |
1997 |
$355,795,834,214.66 |
1996 |
$343,955,076,695.15 |
1995 |
$332,413,555,030.62 |
1994 |
$296,277,764,246.26 |
1993 |
$292,502,219,484.25 |
1992 |
$292,361,073,070.74 |
1991 |
$286,021,921,181.04 |
1990 |
$264,852,544,615.90 |
1989 |
$240,863,231,535.71 |
1988 |
$214,145,028,847.73 |
But we’ve reached a place where even a historically modest rise – say 2% --
would start gobbling huge chunks of tax revenue to the point where tax revenues
are flat to declining. The longer ZIRP continues, the more onerous the cost of
raising interest rates. Past some unknown point, ZIRP begets more ZIRP. We may
be past that point as the fed has said ZIRP will be the
http://image.minyanville.com/assets/FCK_Jan2011/images/Lila/eugenechart1.JPG
How long can this continue? In
ZIRP turns out to be a
trap that ensnares everybody, and not just the countries that adopt the policy.
During a briefing an economist from Tejas made the comment that once a major
economy adopts ZIRP, Central Banks all over the world lose control of their
monetary policy. I was puzzled about the mechanics of that until I came across
an example from
The transmission
mechanism is the carry trade. Starting in 2009, despite its precarious
geopolitical situation,
While foreign money might be enticed to borrow in ZIRP countries and invest
elsewhere, domestic institutions like pension funds and insurers are driven to
search for yield to meet the estimated returns embedded in their models. A
pension fund using an 8% expected return is going to find itself ever deeper
underwater if it is stuck in fixed income in such an interest rate regime. This
is one reason hedge funds haven’t gone out of fashion even though their returns
have been more dismal than not since 2008. The search for yield has also
underpinned the recovery of the High Yield market since the crash. ZIRP
may have saved pensions and insurers from an immediate crash in 2008, but it
has subjected them to a merciless squeeze ever since.
Individual savers find themselves caught between embracing risk and spending
principal. This is not the choice retiring baby boomers expected, particularly
since most were under-saved for retirement even as other safety nets develop
holes.
Other unintended consequences have to do with the freeze up in interbank
lending. With short term yields virtually non-existent, there is no incentive
for the big banks to use funds in excess reserves to lend to smaller banks. Why
take any risk in interbank lending when your reward is virtually the same as
holding cash. The lack of liquidity in the interbank market in turn disrupts
the forward market for FX futures (according to Stamford economist Ronald
McKinnon), and this in turn makes lenders less willing to back letters of
credit for exporters – something that happened in the midst of the crisis in
2008.
There have been positive benefits of ZIRP, including cheap debt for those
companies lucky enough to have access to the credit markets. Most notably, has
been the relationship between ZIRP’s evil twin, quantitative easing, and the
buoyant stock market. Nothing makes this point as starkly as a simple chart of
the S&P in 2011. The first half year was relatively smooth under the
protective umbrella of quantitative easing, while the second half looks like
the EKG of a heart attack (see below).
http://image.minyanville.com/assets/FCK_Jan2011/images/Lila/eugenechart3.jpg
Click to enlarge
Ben Bernanke is a brilliant economist, and I’m certain that he is more aware
than I am of the pitfalls of employing ZIRP for an extended period. So why did
he do it? My guess is that he went to ZIRP because he felt he had no choice. In
2008 he was caught between a rock and a hard place. On the one hand, he
desperately needed to funnel money and a yield curve to the banks. All well and
good, but the defensible solution–the course taken by Sweden in 1993–would have
been to saddle the taxpayers with these costs only after the banks’
shareholders and debt holders had shared the pain. As one pundit put it: a
nation needs banks, but a nation doesn’t need these particular banks.
So again, why didn’t Bernanke recognize that? A few people know, and they
haven’t been saying. One suspicion is that our major creditors in Asia and the
ZIRP, in concert with the various bailout programs and the stimulus, offered a
way to buy time, and that’s what happened. But what happens next?
Right now, this question is still at the edges of the radar. When ZIRP is
discussed at all, it is in the context of inflation fears. Indeed, inflation is
one way a debt burden might be reduced, but when that day comes, soaring
interest rates will force defaults and restructurings. The Goldilocks solution
is to grow our way to exit. Given that both governments and households are
still burdened with trillions in excess debt (as well as the issue of debt
saturation), it is difficult to imagine how we could finance that growth even
if an obvious and politically viable path to growth presented itself. This
suggests that we will do what
This means that the economy and the markets will remain in this surreal context
of ZIRP for an indeterminate period, even as awareness grows that there will be
no controlled ending for this halcyon period. It means that there will be
further episodes of quantitative easing, either overt or by stealth.
This money will likely flow into equity markets as it has in the past. It also
means that government institutions will likely be major players in interbank
lending for the indefinite future and that consumer lending will be constrained
for the indefinite future. And with major economies printing money to maintain
the illusion that there is a market for their sovereign debt, it means that
commodities will continue to find a bid, even as the global economy contracts
(though there will be dramatic downdrafts on specific events
such as noticeable cooling in China).
It also means that the pension crisis will continue to worsen, and that the
already dire situation for retirees will continue to worsen, with implications
for burdens on various levels of government as well as for consumer spending.
And then, of course, ZIRP, though encompassing, is but one of the factors that
will be influencing our markets in the coming months. The unresolved sovereign
debt issues in the EU, a cooling
Getting
Worse: 40 Undeniable Pieces Of Evidence That Show That America Is In Decline
The Economic Collapse | Is America in decline? That is a very provocative
question. The
Economic Collapse December 21, 2011
Is
The following are 40
undeniable pieces of evidence that show that
#1 Back in 1985, 11 million vehicles were sold in
#2 In 1990, the median age of a vehicle in the
#3 The average price of a gallon of gasoline in 2011
has been $3.50. That is a new all-time record. The
previous record was $3.24 in 2008.
#4 The average American household will have spent an
astounding $4,155 on gasoline by the time the year is over.
#5 The number of children in the
#6 A decade ago, the
#7 The
#8 American 15-year-olds do not even rank in
the top half of all advanced nations when it comes
to math or science literacy.
#9 The United States once had the highest proportion of
young adults with post-secondary degrees in the world. Today, the
#10 After adjusting for inflation,
#11 The student loan default rate has nearly doubled since 2005.
#12 Our economy is not producing nearly enough jobs for
our college graduates. The percentage of mail carriers with a college
degree is now 4 times higher than it was back in
1970.
#13 Our infrastructure was once the envy of the
world. Today,
#14 Since December 2007, median household income in the
#15 Since the year 2000, incomes for
#16 According to U.S. Representative Betty Sutton,
#17 In all, more than 56,000 manufacturing
facilities in the
#18 The
#19 Manufacturing employment in the
#20 In 1959, manufacturing represented 28 percent of all
#21 The television manufacturing industry began in the
#22 The
#23 The Economic Policy Institute says that since 2001
America has lost approximately 2.8 million jobs due to our trade
deficit with China alone.
#24 According to one study, between 1969 and 2009 the
median wages earned by American men between the ages of 30 and 50 dropped by 27 percent after you account for
inflation.
#25 Back in 1980, less than 30% of all jobs in the
#26 The size of the economy in
#27 One prominent economist believes that the Chinese
economy will be three times larger
than the
#28 In 2001, the
#29 Back in the year 2000, 11.3% of all Americans were living in
poverty. Today, 15.1% of all Americans are living in poverty.
#30 Last year, 2.6 million more Americans dropped into poverty.
That was the largest increase that we have seen
since the
#31 According to the
#32 The percentage of children living in poverty in the United States increased
from 16.9 percent in 2006 to nearly 22 percent in 2010.
In the
#33 As I wrote about the other day, since 2007 the number of children
living in poverty in the state of
#34 A staggering 48.5% of all Americans live in a household
that receives some form of government benefits. Back in 1983, that number
was below 30 percent.
#35 Back in 1965, only one out of every 50 Americans was
on Medicaid. Today, one out of every 6 Americans is
on Medicaid.
#36 Between 1991 and 2007 the number of Americans
between the ages of 65 and 74 that filed for bankruptcy rose by a
staggering 178 percent.
#37 Today, the “too big to fail” banks are larger than ever.
The total assets of the six largest
#38 Since the Federal Reserve was created in 1913, the
U.S. dollar has lostover 95 percent of its purchasing power.
#39 During the Obama administration, the
#40 The
Sadly, most Americans
are not fired up about turning this country around. Way too many of them
realize that things are getting worse, but they have “checked out” and are just
going through the motions of life.
A perfect example is
posted below. In this video, a FedEx delivery guy just
chucks a computer monitor over somebody’s fence……Can you believe he did that?
The sad thing is that
the guy was actually home at the time and all the FedEx employee needed to do
was ring the bell.
This is the kind of attitude
that is killing
We all need to start
caring again. We all need to start taking pride in what we do. We
all need to start working hard again. We all need to make sure that we
are living with a sense of personal integrity.
When a nation simply
does not care anymore, even a con man can become president.
During a recent 60 Minutes interview,
Barack Obama said that only 3 presidents in
“The issue here is
not going be a list of accomplishments. As you said yourself, Steve, you know,
I would put our legislative and foreign policy accomplishments in our first two
years against any president — with the possible exceptions of Johnson, F.D.R.,
and Lincoln — just in terms of what we’ve gotten done in modern history. But,
you know, but when it comes to the economy, we’ve got a lot more work to do.”
He had to be joking,
right?
Sadly, he was not
joking.
But it is not just
Barack Obama. The truth is that both political parties are absolutely
littered with con men, charlatans and corrupt politicians.
It is going to be up to
the American people to get educated about how bad things have really gotten, to
start demanding solutions, and to start voting much better people into
positions of authority.
If dramatic changes are
not made, our economy will continue to get worse and the decline of
We cannot stay on this
road my friends.
It is only going to lead
to a total nightmare.
Please share this
information as widely as possible, and please try to wake up as many of your
fellow Americans as you can while there is still time.’
Ten
Reasons To Fear And Loathe Markets In 2012 Forbes Robert Lenzner
#1. European Sovereign
Debt is a greater burden on the economies of
#2. The
ramification for the
#3. Continued pressure
on the earnings and book values of both European and US banks. This can be
seen in the way bank shares have traded this year, with global banks getting
pounded, and only regional banks with strong balance sheets being favored.
#4. Continued
selling pressure on the prices of key commodities like oil, copper and iron ore
due to expectd slowness i the global economy.
#5. The imbecility
of extending the payroll tax deduction for only two more months– a horrendous
sign of political weakness with dire economic ramifications.
#6. Residential housing
market still mightily impaired and not expected to recover for another 3 years.
Still many millions of homes where mortgage debt greater than the market value
of the homes.
#7. Antipathy individual
investor for long term equity investing. Rise of the short-yterm investor such
as hedge funds using leverage, requiring volatility, better informed than the
public investor.
#8. Expectation
reduction $1.2 trillion from US budget over next 10 years. Can only mean less
money in circulation, less income to invest, lower GDP, less economic growth
rate. This is the reality being denied by most investors.
#9. Overall theme
of deflation, deleveraging can only mean lower asset prices.
#10. Chance of
social unrest in
Derivatives
group spent $674K lobbying in Q3 AP
PORTER STANSBERRY OF STANSBERRY RESEARCH
THE CORRUPTION OF
The numbers tell us
I say "the numbers tell us" because I've
become very sensitive to the impact this kind of statement has on people. When
I warned about the impending bankruptcy of General Motors in 2006 and 2007,
readers actually blamed me for the company's problems – as if my warnings to
the public were the real problem, rather than GM's $400 billion in debt.
The claim was absurd.
But the resentment my work engendered was real.
So please... before you
read this issue, which makes several arresting claims about the future of our
country... understand I am only writing about the facts as I find them today. I
am only drawing conclusions based on the situation as it stands. I am not
saying that these conditions can't improve. Or that they won't improve.
The truth is, I am
optimistic. I believe our country is heading into a crisis. But I also believe
that... sooner or later... Americans will make the right choices and put our
country back on sound footing.
Please pay careful
attention to the data I cite. And please send me corrections to the facts. I
will happily publish any correction that can be substantiated. But please don't
send me threats, accusations against my character, or baseless claims about my
lack of patriotism. If I didn't love our country, none of these facts would
bother me. I wouldn't have bothered writing this letter.
I know this is a
politically charged and emotional issue. My conclusions will not be easy for
most readers to accept. Likewise, many of the things I am writing about this
month will challenge my subscribers to re-examine what they believe about their
country. The facts about
One last point, before
we begin... I realize that this kind of macro-economic/political analysis is
not, primarily, what you pay me for.
You rightly expect me to
provide you with investment opportunities – whether bull market, bear market,
or total societal collapse. And that's what I've done every month for more than
15 years.
But that's not what I've
done this month. You won't find any investment ideas at all in these pages.
This issue is unlike any other I have ever written.
I'm sure it will spark a
wave of cancellations – costing me hundreds of thousands of dollars. I fear it
will spark a tremendous amount of controversy. Many people will surely accuse
me of deliberately writing inflammatory things in order to stir the pot and
gain attention. That's not my intention. The truth is, I've gone to great
lengths throughout my career to protect my privacy.
I am speaking out now
because I believe someone must. And I have the resources to do it. I am sharing these ideas with my subscribers because
I know we have arrived at the moment of a long-brewing crisis.
Our political leaders,
our business leaders, and our cultural leaders have made a series of
catastrophic choices. The result has been a long decline in
For decades, we have
papered over these problems with massive amounts of borrowing. But now, our
debts total close to 400% of GDP, and America is the world's largest borrower
(after being the world's largest creditor only 40 years ago)... And the holes
in our society can no longer be hidden...
We've reached the point
where we will have to fix what lies at the heart of
How do I know? How do I
statistically define the decline of
The broadest measure of
national wealth is per-capita gross domestic product (GDP). Economists use this
figure to judge standards of living around the world. It shows the value of the
country's annual production divided by the number of its citizens. No, the
production isn't actually divided among all the citizens, but this measure
provides us with a fair benchmark to compare different economies around the
world. Likewise, this measure shows the growth (or the decline) in wealth in
societies across time.
So... is
This is the most fundamental measure of the success or the failure of any
political system or culture. Are the legal and social rules we live under aiding
our economic development or holding us back? What do the numbers say?
Unfortunately, it's a
harder question to answer than it should be. The problem is, we don't have a
sound currency with which to measure GDP through time. Until 1971, the U.S.
dollar was defined as a certain amount of gold. And the price of gold was fixed
by international agreement. It didn't actually begin to trade freely until
1975. Therefore, the value of the U.S. dollar (and thus the value of
Even today, our
government's nominal GDP figures are greatly influenced by inflation. The
influence of inflation is particularly pernicious in GDP studies. You see,
inflation, which actually reduces our standard of living, drives up the amount
of nominal GDP. So it creates the appearance of a wealthier country... while
the nation is actually getting poorer.
The only real way to
accurately measure per-capita GDP is to build our own model. The need to build
our own tools tells you something important – the government doesn't want
anyone to know the answer to this question. It could easily publish data far
more accurate than the indexes it puts out. But government doesn't want anyone
to know. And it wants to be able to say "those aren't the real data"
when studies like ours produce bad news.
So pay attention to how
we built our charts. You can see for yourself that our data are far more
accurate than the government's figures. Our data are based on the real
purchasing power of the currency, not the nominal numbers, which are completely
meaningless in the real world.
The question we are
trying to answer is: What would per-capita GDP numbers look like, if we used a
real-world currency, like gold, or a basket of commodity prices, instead of the
paper-based U.S. dollar? What would the figures be if we measured GDP in sound
money instead of the government's funny money?
Here's how we figured it
out. We took the government numbers for nominal GDP and measured them first
against commodity prices, and later (after it began to trade freely) gold. We
used a standard commodity index (the CRB) up to 1975 and gold post-1975. The
result of this analysis shows you the real trend in
Our analysis shows you
what's actually happened to our real standard of living. The results, we
suspect, will surprise even the most bearish among you.
http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2011/12/porter%201.png
Americans Are
Getting Poorer – Fast
Let me anticipate the
"official" criticism of our study. Many people will claim that our
numbers aren't "real." They will say that we "mined" the
data to produce a chart that showed a steep decline.
That's simply not so.
All we've done is convert the government's nominal GDP stats into a fixed
currency value that's based on real-world purchasing power. The fact is, our
data are far more accurate than the government's because they represent the
real-world experience.
That's why our data are
far more closely correlated to other real-world studies of wealth in
Consider, for example,
annual sales of automobiles. Auto sales peaked in 1985 (11 million) and have
been declining at a fairly steady rate since 1999. In 2009, Americans bought
just 5.4 million passenger cars. As a result, the median age of a registered
vehicle in the
Our data shows that real
per-capita wealth peaked in the late 1960s. Guess when we find the absolutely
lowest median age of the
Rich people buy new
cars. Poor people do not.
Most important, our data
"proves" something I know many of you have felt or perceived for many
years. You've seen the decline of your neighborhoods. You've gone years without
being able to earn more money in your job. Or you've seen your purchasing power
decrease to the point where you're now substituting lower-quality products on
your grocery list for the brand-name products you used to buy.
You can see how much
harder it is on your children to find good jobs, to buy good housing or a new
car. As a result, few people under the age of 40 have the same kind of
"life story" as their parents.
And because they can't
"make it," many have decided to "fake it." The average
college student now graduates with $24,000 in debt... and by his late 20s has
racked up more than $6,000 in credit card debt. Meanwhile, median earnings for
Americans aged 25-34 equals $34,000-$38,000. (Source: Demos.org, "The
Economic
Can you imagine
starting your life out as an adult with a personal debt-to-income level at
close to 100%? What does this say about the state of our economy? What does this say about the state of our culture?
Who Suffers Most
It's not only the young
that are having trouble in
Debt levels among
households headed by people older than 62 have been rising for two decades. The
average mortgage size for this population is now $71,000 – five times larger
than it was in 1987 (adjusted for inflation), according to William Apgar of
Harvard's
Older Americans are also
more reliant on credit card debt than ever before... credit card debt. From
1992 through 2007 (which is the latest data available) older Americans took on
credit card debt at a faster pace than the population as a whole. According to
Given average interest rates of 20% for these debts, it's a fair bet that these
obligations will never be repaid. But they will have a terrible impact on the
standard of living of these older Americans.
What in the heck is
going on? Don't Americans pay off their mortgages before they retire? Don't
they work hard during their careers, save, and invest, so they can move to
Older Americans living
with credit card debt! This doesn't sound like
My bet is that most of
my subscribers know that something has gone terribly wrong with
In this month's issue,
I'd like to try to define a few of the core reasons we're in this situation. I
can't possibly analyze all the factors that have led to this decline. But I
want to document the growth of graft in politics. I want to demonstrate – with
real facts and examples – how public company leadership has deteriorated. And I
want to document some of the things that are occurring in the broader society,
all of which I believe are linked to this fundamental decline in our standard
of living.
You see, I believe the
decline of our country is primarily a decline of our culture.
We have lost our sense
of honor, humility, and the dedication to personal responsibility that, for
more than 200 years, made our country the greatest hope for mankind. I want to
detail some of the factors that gave rise to the current entitlement society.
We have become a country of people who believe their well-being is someone
else's responsibility.
I've labeled these
problems: The Corruption of
These problems manifest
themselves in different ways across institutions in all parts of our society.
But at their root, they are simply facets of the same stone. They are all part
of the same essential problem.
The corruption of
The Ethos of
'Getting Yours'
Americans know, in their
bones, that something terrible is happening. Maybe you can't articulate it.
Maybe you don't have the statistics to understand exactly what's going on. But
my bet is, you think about it a lot.
For me, a poignant
moment of recognition came this month.
Bloomberg news published
an article based on confidential sources about how Henry Paulson, the former
CEO of Goldman Sachs and the Republican U.S. Treasury secretary during the
financial crisis, held a secret meeting with the top 20 hedge-fund managers in
I knew for a fact that what Paulson told Congress wasn't true. I wrote my
entire June 2008 newsletter detailing exactly why Fannie and Freddie certainly
had billions in losses that they had not yet revealed to investors – $500
billion in losses, at least. There was no question in my mind, both companies
were insolvent – "zeros," as I explained.
And yet, in front of
Congress, the
Then... only a few days later... what did Paulson tell those hedge-fund
managers?
He told them the same
thing I had written in my newsletter. He told them the opposite of what he'd
said publicly to Congress. He told these billionaire investors that Fannie and
Freddie were a disaster... They would require an enormous, multibillion-dollar
bailout... The
Here you had a
high-government official, explicitly lying to Congress (and by extension, the
general public), while giving the real facts to a group of people who
represented the financial interests of the world's wealthiest folks. The story
didn't come to the public's attention for
two years.
This was the most
outrageous example of graft and corruption I have ever seen. Certainly it
involves more billions of dollars in misappropriated value than any other
similar story I can recall. These managers had the risk-free ability to make
tens of billions of dollars, if not hundreds of billions, by using derivatives
to capitalize on what they knew was the imminent collapse of the world's
largest mortgage bank. Who picked up the tab? You know perfectly well. It was
you and me, the taxpayers.
(One of the investment
managers present at this meeting was Steve Rattner, who by that point was
already deeply involved in another bit of graft, his efforts to bribe New York state
pension-fund managers for large investments into his hedge fund, from which he
earned perhaps as much as $100 million. He later settled the charges for a mere
$10 million shortly after Andrew Cuomo was elected governor of
The Bloomberg story... about a crooked Treasury secretary handing a room full
of crooked billionaires inside information worth billions of dollars... hardly
caused a ripple. As far as I know, no actions are being planned against Henry
Paulson or any of the hedge-fund managers involved. No other major media outlet
picked up the story. I saw nothing about it from the Department of Justice or
the Securities and Exchange Commission.
What does that say about
our country when even the most egregious kind of corruption – involving
hundreds of billions of dollars – is simply ignored?
It seems like everyone
in our country has lost his moral bearing, from the highest government
officials and senior corporate leaders all the way down to schoolteachers and
local community leaders. The ethos of my fellow Americans seems to have changed
from one of personal integrity and responsibility to "getting yours"
– the all-out attempt, by any means possible, to get the most amount of
benefits with the least amount of work.
You can see this in
everything from the lowering of school standards (revising the SAT) to the
widespread use of performance-enhancing drugs in professional, college, and
high school sports. Cheating has become a way of life in
I have an idea about how
this happened... about the root cause of this kind of corruption and why it was
inevitable, given some of the basic facts regarding how we've organized our
government and our corporations.
Let me show you the
numbers – the hard facts – behind what's happened to our country...’
50
Economic Numbers From 2011 That Are Almost Too Crazy To Believe The Economic Collapse | If we do not educate
the American people about how deathly ill the U.S. economy has become, then
they will just keep falling for the same old lies. December 16, 2011 ‘Even
though most Americans have become very frustrated with this economy, the
reality is that the vast majority of them still have no idea just how bad our
economic decline has been or how much trouble we are going to be in if we don’t
make dramatic changes immediately. If we do not educate the American
people about how deathly ill the
At this time of the
year, a lot of families get together, and in most homes the conversation
usually gets around to politics at some point. Hopefully many of you will
use the list below as a tool to help you share the reality of the
The following are 50
economic numbers from 2011 that are almost too crazy to believe….
#1 A staggering 48 percent of all Americans are either
considered to be “low income” or are living in poverty.
#2 Approximately 57 percent of all children in the
#3 If the number of Americans that “wanted jobs” was
the same today as it was back in 2007, the “official” unemployment rate put out
by the
#4 The average amount of time that a worker stays
unemployed in the
#5 One recent survey found that 77 percent of all
#6 There are fewer payroll jobs in the
#7 Since December 2007, median household income in the
#8 According to the Bureau of Labor Statistics, 16.6
million Americans were self-employed back in December 2006. Today, that
number has shrunk to 14.5 million.
#9 A
#10 According to author Paul Osterman, about 20 percent of all
#11 Back in 1980, less than 30% of all jobs in the
#12 Back in 1969, 95 percent of all men between the ages
of 25 and 54 had a job. In July, only 81.2 percent of men in that age group
had a job.
#13 One recent survey found that one out of every three
Americans would not be able to make a mortgage or rent payment next month
if they suddenly lost their current job.
#14 The Federal Reserve recently announced that the
total net worth of
#15 According to a recent study conducted by the
BlackRock Investment Institute, the ratio of household debt to personal income
in the
#16 As the economy has slowed down, so has the number of
marriages. According to a
#17 The
#18 In
#19
#20 If you can believe it, the median price of a home in
#21 According to the
#22 New home construction in the
#23 As I have written about previously, 19 percent of all American men
between the ages of 25 and 34 are now living with their parents.
#24 Electricity bills in the
#25 According to the Bureau of Economic Analysis, health
care costs accounted for just 9.5% of all personal consumption back in
1980. Today they account for approximately 16.3%.
#26 One study found that approximately 41 percent
of all working age Americans either have medical bill problems or are currently
paying off medical debt.
#27 If you can believe it, one out of every seven
Americans has at least 10 credit
cards.
#28 The
#29 It is being projected that the
#30 The retirement crisis in the
#31 Today, one out of every six elderly
Americans lives below the federal poverty line.
#32 According to a study that was just released, CEO pay
at
#33 Today, the “too big to fail” banks are larger than ever.
The total assets of the six largest
#34 The six heirs of Wal-Mart founder Sam Walton have a
net worth that is roughly equal to the bottom 30 percent of all
Americans combined.
#35 According to an analysis of Census Bureau data done
by the Pew Research Center, the median net worth for households led by someone
65 years of age or older is 47 times greater than the
median net worth for households led by someone under the age of 35.
#36 If you can believe it, 37 percent of all
#37 A higher percentage of Americans is living in extreme poverty (6.7%) than has ever been measured
before.
#38 Child homelessness in the
#39 Since 2007, the number of children living in poverty
in the state of
#40 Sadly, child poverty is absolutely exploding all over
#41 Today, one out of every seven Americans is on food
stamps and one out of every four
American children is on food stamps.
#42 In 1980, government transfer payments accounted for
just 11.7% of all income. Today, government
transfer payments account for more than 18 percent of all
income.
#43 A staggering 48.5% of all Americans live in a household
that receives some form of government benefits. Back in 1983, that number
was below 30 percent.
#44 Right now, spending by the federal government
accounts for about 24 percent of GDP. Back in 2001,
it accounted for just 18 percent.
#45 For fiscal year 2011, the
#46 If Bill Gates gave every single penny of his fortune
to the
#47 Amazingly, the
#48 If the federal government began right at this moment
to repay the
#49 The
#50 During the Obama administration, the
Of course the heart of
our economic problems is the Federal Reserve. The Federal Reserve is a
perpetual debt machine, it has almost completely destroyed the value of the
U.S. dollar and it has an absolutely nightmarish track record of
incompetence. If the Federal Reserve system had never been created, the
During 2011 we made a
lot of progress in educating the American people about our economic problems,
but we still have a long way to go.
Hopefully next year more
Americans than ever will wake up, because 2012 is going to represent a huge
turning point for this country.’
Current
Events Summarized In Brilliant Art George Washington 12/16/2011 A picture is worth
a thousand words [ View archived file: http://www.albertpeia.com/currenteventsinart.htm ]
The
Tim Tebow Comeback Story Continues But There Will Be No Miracle Comebacks For
The U.S. Economy | Never in the history of the NFL has there ever been anything
like this. The
Economic Collapse December 12, 2011 ‘Never in the history
of the NFL has there ever been anything like this. Today, Tim Tebow
engineered yet another
miraculous 4th quarter comeback. Almost everyone has been expecting this
unprecedented string of comebacks to come to an end, yet Tebow just keeps
pulling off miracle after miracle. It seems like nearly every week now we
are talking about another unbelievable Tim Tebow comeback. It is truly a
great story, and what is wonderful about Tebow is that he is not out to glorify
himself. He is very humble, he always recognizes his teammates and he is
a terrific role model for a generation of American youth that is in desperate
need of one. Unfortunately, there is not going to be a similar comeback
story for the
We desperately need a
“political Tim Tebow” to come along to dismantle our current debt-based
economic system. But instead, the corrupt politicians in
Unfortunately, this is
about as good as things are going to get for the
We have been
experiencing “economic stagnation” for much of the past year, and there is not
much more that they can do to improve things under our current system.
Right now, the Federal
Reserve has pushed interest rates as low as they can go. They can’t go
any lower.
Right now, the federal
government is borrowing and spending unprecedented amounts of money.
Federal spending cannot go much higher.
Right now, we have
already seen tax cut after tax cut and virtually none of them have been paid
for. Any additional tax cuts will just send our budget deficits even
higher.
Right now, we have
already seen unprecedented intervention by the Federal Reserve. They have
done just about everything short of dropping huge bags of money over the
countryside from helicopters.
The federal government
and the Federal Reserve have done just about everything that they can possibly
do to “stimulate” the economy, and yet things just keep getting worse.
So what is going to
happen when the federal government and the Federal Reserve quit stimulating the
economy?
As I wrote about the other day, when evaluating the future of the
When you do that, you
suddenly do not feel so good about the upward “blips” that we have seen in the
economy lately.
Yes, the “official”
unemployment rate recently went down slightly. But as Mac Slavo recently pointed out, even
with the recent “improvement” the truth is that the “real” level of
unemployment in the
And all of the long-term
trends indicate that we heading for a massive amount of trouble.
The number of good jobs
continues to decline. Even though our population is rapidly increasing,
there are 10 percent fewer middle income jobs in the
In recent years, the
employment to population ratio has been steadily declining. At the start
of the recession it was at 62.7%. Today, it is at 58.5%.
Household incomes
continue to go down as well. Since December 2007, median household income
in the
So why is this
happening? Well, as I wrote about recently, the
Wealth, jobs and
economic infrastructure are pouring out of this country and very few
politicians are trying to stop it.
An average of 23
manufacturing facilities were shut down every single day in the
That represents a huge
amount of lost jobs.
So do you hear any
political candidates talking about how they are going to stop this from
happening or about how they are going to get all of those lost jobs back?
Overall, the
So how can an economy be
great when it is constantly bleeding huge amounts of economic infrastructure?
We have become way too
dependent on other nations for the things that we need.
How much trouble would
we be in if
Right now, businesses
are absolutely racing to get out of the
One economist from
So why aren’t more
politicians screaming and yelling about this?
Without good jobs,
Americans are falling out of the middle class in staggering numbers.
Since 2007, the number
of children living in poverty in the state of
So is that a sign that
things are getting better or that things are getting worse?
A higher percentage of
Americans is living in extreme poverty than has ever been measured
before. Not only that, 2.6 million more Americans fell into poverty last
year. That was also a new all-time record.
So are those signs that
things are getting better or that things are getting worse?
The American people
generally do not understand why these things are happening, but they are
clearly getting frustrated.
A recent
But when election time
rolls around, they will probably send most of them back to
Our politicians keep
kicking the can down the road, but time for doing that is running out.
The unprecedented “stimulus” efforts by the federal government will be coming
to an end sooner or later.
In a recent
article, author Bruce Krasting listed
a whole bunch of reasons why the economic can is not going to be able to be
kicked down the road much farther. The following are some of the things
that he says are scheduled to end by the beginning of 2013….
·
The Bush
tax cuts on those making more than $200k will expire.
·
The Bush
tax cuts on those making less than $200k will also expire.
·
The Patch
on AMT will expire.
·
The 2%
payroll tax holiday will expire for all workers on 12/31/12 (I’m sure the
current holiday will be rolled for another year)
·
The
99-week extended unemployment benefits die on 12/31. (The emergency benefits
will also be extended for 2012)
·
There
will have to be a budget that is approved. Alternatively, a series of
continuing resolutions is required to avert a government shutdown. We have not
had an approved budget in over 900 days.
·
2013 is
the first year that there will be mandatory caps on discretionary spending.
These limits will result in a YoY decline in government spending.
·
The
Federal Reserve has promised to keep interest rates at zero into 2013. While it
is possible that the Fed could continue the madness for even longer, the
reality is that interest rates have nowhere to go but up.
·
By
January 2013 it will be painfully evident that the country’s key social
programs, Social Security and Medicare will be running in the red at a pace
that is far higher than anyone considered possible. The need for dramatic
changes in these programs will have to come onto the table. The implications of
this will be significant.
·
In 2013
the issues of Fannie, Freddie, FHA and the Federal Home Loan Banks must be
addressed. The problems at the housing agencies has festered too long.
·
The
country will face another debt ceiling extension. The last time cost us our
AAA.
Sadly, we will probably
not have to wait until 2013 to feel a whole lot of economic pain.
The reality is that a 15
trillion dollar debt and trillion dollar yearly budget deficits are not
sustainable. We have created a situation where a horrible crash is
inevitable, and there is no way that our current debt-based system can be fixed
to keep a nightmarish collapse from happening.
During the Obama
administration, the
Meanwhile, despite what
you may have heard, the European debt crisis has not been fixed.
Not at all.
The truth is that none
of the fundamental problems were fixed by this recent “agreement” as Ambrose
Evans-Pritchard recently noted in one of his columns….
There is no shared
debt issuance, no fiscal transfers, no move to an EU Treasury, no banking
licence for the ESM rescue fund, and no change in the mandate of the European
Central Bank.
In short, there is
no breakthrough of any kind that will convince Asian investors that this
monetary union has viable governance or even a future.
For many more reasons
why Europe is headed for big trouble, please read this article: “22
Reasons Why We Could See An Economic Collapse In Europe In 2012“.
When Europe goes down,
it is going to have a devastating impact on the
Meanwhile, the economies
of
There is simply way too
much debt in the world, and a great day of reckoning is coming.
Combined, the
industrialized nations of the world borrowed more than 10 trillion
dollars this year, and that number is expected to soar even higher next
year.
Jim Cramer of CNBC stated recently that the global
economy is at “DEFCON 3, two stages from a financial collapse so huge it’s hard
to get your mind around.”
Most Americans don’t
understand this yet. But hopefully we can get more of them educated while
there is still time.
The global financial
system is a big shell game. It is a gigantic mountain of debt, leverage
and risk.
You would have thought
that we would have learned some key lessons from the financial crisis of 2008,
but we didn’t.
Back in 2002, the top 10
Today, the “too big to fail” banks are larger than ever.
The total assets of the six largest
So instead of doing
something about the “too big to fail” banks, they are now more “too big to
fail” than ever.
As big banks and big
corporations have come to dominate our economy more than ever before, wealth
and power have also become much more concentrated….
*The wealthiest 1
percent of all Americans now own more than a third of all the
wealth in the
*The poorest 50 percent
of all Americans collectively own just 2.5% of all the wealth in the
*The six heirs of
Wal-Mart founder Sam Walton have a net worth that is roughly equal to the bottom 30 percent of all
Americans combined.
*Overall, the wealthiest
one percent of all Americans have a greater net worththan the bottom 90
percent combined.
It would be wonderful if
we could send a “Tim Tebow of politics” to
Are the Republicans
really going to nominate someone who co-sponsored 418 bills with Nancy Pelosi? The
truth is that the latest “anti-Romney candidate” isalmost a clone of Mitt Romney.
Newt Gingrich is
essentially an older, ruder version of Barack Obama. If you are counting
on him to “save
Sadly, we just do not
have nearly enough men like Tim Tebow in
While at
You can see video of Tim
Tebow speaking to a group of prisoners at the
Unfortunately, there is
no “Tim Tebow comeback” on the horizon for the
But when the
A lot of people say
that my site
is all about “doom and gloom”, but telling the truth to the American people is
never a bad thing.
We do not do ourselves
any favors by sticking our heads in the sand and pretending that everything is
going to be okay.
There is going to be no
miracle comeback for the
A horrific economic
collapse is
coming.
You better get ready.’
THE ROAD NOT TAKEN: GLOBAL ECONOMY ON THE BRINK http://www.safehaven.com/article/23606/the-road-not-taken 12/10/2011 By David Knox Barker: ‘The international political economy and global financial markets are deep in the woods. A long wave winter season is blowing cold, and getting colder. Decades of excess leverage in the banking system and sovereign states is coming to an end. Government and consumer spending are hitting a wall. A critical fork on this wintry road is coming up fast.
A transformational long
wave crisis that spans the globe is under way. Tough decisions must be made to
pull us out of the long wave winter crisis and into a new spring day on the
other side. There are two different roads beckoning us out of this long wave
wintry mess. Make no mistake; the choice leads to distinctly different
destinations.
http://static.safehaven.com/authors/barker/23606_a.jpg
Oscar Wilde, in his
essay The Decay of Lying, famously penned the words, "Life imitates art
far more than art imitates life." Along this line of thinking, Robert
Frost's famous poem, with only one word edited (wintry), is in order. It offers
new meaning as the world grapples with the global financial, economic and
political crisis. It speaks to the far-reaching implications of the important
decisions required now for the uncertain road that lies ahead.
The Road Not Taken
by Robert Frost
Two roads diverged in a
(wintry) wood,
And sorry I could not travel both
And be one traveler, long I stood
And looked down one as far as I could
To where it bent in the undergrowth;
Then took the other, as just as fair,
And having perhaps the better claim
Because it was grassy and wanted wear,
Though as for that the passing there
Had worn them really about the same,
And both that morning equally lay
In leaves no step had trodden black.
Oh, I marked the first for another day!
Yet knowing how way leads on to way
I doubted if I should ever come back.
I shall be telling this with a sigh
Somewhere ages and ages hence:
Two roads diverged in a wood, and I,
I took the one less traveled by,
And that has made all the difference.
Investors and traders
should recognize that global markets will discount the unknown future on the
road ahead far more than most are expecting as this long wave winter bottoms in
the years directly ahead, whatever road we take. Markets do not like the
unknown and buyers of the future will require a hefty discount to the cash
flows it offers, especially when perceived risks are rising fast and show no
sign of abating.
After this final phase
of the long wave winter that puts the future on sale, we can get on with
building a global economy that is better than what we are leaving behind. The
real question is what road we will take. One road leads to the serfdom and
dependence on government promises, the other to individual freedom and
unlimited potential. The road chosen will make a big difference in the world we
live in during the coming long wave spring season and global boom that lies
ahead.
The low road offers more
of the same Keynesian hopes that created this crisis. It shows more wear. It
offers greater intervention from government in hopes that the state, even in
light of recent evidence to the contrary, has the answers. The low road grants
greater powers to government and vastly higher levels of debt, fighting debt
with debt. Along this road greater national and individual sovereignty and
liberty is a required sacrifice offered to the deity of the state and its various
temples of centralized control.
The high road offers the
hope that the grand experiment of big government is actually ending world over.
The dissemination of information on the Internet suggests the old media is
losing its grip on public consciousness and its role of kingmaker. Centralized
political power is doomed. Rather than centralizing power, there are signs the
information age and technology is in the process of a quantum leap,
transforming political power in the process and returning it to its rightful
owner, the individual and their important role in society and community. The
latent potential that can be unleashed on the high road is astounding, and it
is the same world over.
Advocates of the high
road recognize that radical pro-growth and pro-job corporate tax policies are
urgently required. A low flat corporate tax rate of 15% or less in the
If government spending
cuts are combined with pro-growth corporate tax policies, the next wave of
Internet driven innovation will trigger a global boom in a new long wave spring
season beyond 2012. Political leaders can pursue policies that accelerate these
trends, or they can try to hold on to their rapidly failing grip on power.
Few are aware that the
object-oriented paradigm and the object-oriented code it spawned has played an
essential role in the Internet revolution. The objectivation of the planet is
turning the Internet into an empowering force for individual freedom and
liberty. The Internet is decentralizing access to information and is radically
changing the world, including putting political power into a state of flux.
The low road is simply
more of the same that got us here and delivered the global system to the edge
of the abyss. There are those that are loudly advocating this well-worn
Keynesian road funded by government debt, i.e., the same map that got us here.
Many advocating the low road are hoping for yearend bonus checks for all the
bad debt they would like governments to back stop and transfer onto the backs
of taxpayers. This low road is where society's resources are distributed both
up to an elite class that socialize their losses and down to an entitlement
class. The motto of the low road is clear, in the words of Ayn Rand, "From
each according to his ability, to each according to his need."
The high road is seldom
traveled these days. It is a road of individual responsibility and
accountability for one's own decisions and actions, where thrift and prudence
gain their just reward and are not punished by the greed of others that are too
big to fail. This high road is where budgets are balanced and governments do
not spend money they do not have and therefore must borrow, or steal from its
rightful owners.
The two roads out of the
global financial crisis are coming up as the world descends in the current
business cycle. The call for the European Central Bank (ECB) to join with the
The current global
system is now struggling under its glaring contradictions. The long wave cycle
points down and to a resetting of the global economic and financial order. The
world has come to an important fork in the road in the current business cycle,
the final business cycle of the long wave winter
The entitlement class is
demanding the politicians serve up the wealthiest producers on a 1% prime mover
platter, so they can, in their own words, "eat the rich". It will of
course be their last meal, but this crowd does not think that far ahead. They
have not considered that the next meal will be the wild-eyed comrade across the
table, or it will be them and their family.
In short, the low road
thinking suggests that it is possible to solve history's greatest debt crisis
with more debt and deficit spending, keeping the entitlement class satisfied
and growing. This may work marginally in this long wave cycle crisis and a
somber spring will begin belatedly, but this low road will weaken international
capitalism and likely trigger the collapse of capitalism in the next long wave
winter season, delivering the global economy onto the cusp of a new dark age.
On the high road,
governments will actually be required to stop spending money they do not have
and balance their budgets. Investors that unfortunately make bad investments
will have to take losses and not socialize them and pass them on to taxpayers.
This appears to be a rather novel concept for many. The media and politicians
jeer at it as old-fashioned nonsense. Those with the mistaken belief that the
profits of capitalism will be able to pay the tab for the great entitlement
banquet, are rejecting as "austerity" what is only common sense and
the way our grandparents lived.
Advocates for the low
road gained the upper hand in the 2008-2009 phase of the financial crisis. Many
are now rightfully questioning this direction. Although we are now moving
toward the low road, there remains time to change, to take the high road.
All eyes are now on
The statement out of the
European Union meeting this week suggests there remain leaders that are
advocating the high road; let us pray they can provide the leadership to make
it happen. They are asking governments to cut spending and move toward balanced
budgets before the ECB steps in and buys larger amounts of sovereign debt. Draghi
appears to be the sort that will wait for tangible evidence and real cuts
before backstopping anyone. Chairman Bernanke should take notes and shake off
his fear of deflation.
Great pressure is being
applied to the ECB to jettison their single mandate of price stability in
Europe and join the
On the low road,
concerted global QE will cause the global crisis and long wave winter to drag
on longer than it will on the high road. With global QE that buys bad debt, the
business cycle lows in 2016 will be inflation-adjusted long wave lows as debt
is monetized and inflation steals from real returns. Capital will be slow to
commit to the new global long wave spring season and it will get off to a much
slower start than possible on the high road. Government picks winners and
losers on the low road. That plan has not worked out so far, e.g. Solyndra,
etc.
The map for the high
road is real deficit reduction in the
The chart below
demonstrates this possible scenario using Market Cycle Dynamics software
running with Metastock. The global economy and international markets are a
complex system. The low road will not stop the cycles; it will only lengthen
the cycles and lead the world inexorably toward chaos and a greater collapse.
The high road will restore order and a global boom. A new long wave spring
season of global prosperity is what the high road offers.
http://static.safehaven.com/authors/barker/23606_b.png
On the high road, the
global economy will make the turn and come roaring out of the V shaped
deflation and debt liquidation and into a new long wave spring within 18
months. Hard work, risk taking and ability are what will pick the winners along
the high road. The road we choose to travel will determine how and when this
business cycle and long wave winter season ends. The road we take will make all
the difference.’
The
Worldwide Depression/Recession Of 2012
Jeff
Harding Dec 09, 2011 ‘While we're seeing some positive numbers in the
I’ve been writing about this theme frequently lately because, while we are
seeing some positive numbers here in the U.S., we are also seeing signs of
weakness starting to show up, and since we live in a world of international trade,
the world’s woes will hit us.
The first thing to note about this phenomenon is that the central banks of the
world, including the Fed, have been doing all they can to support their
economies with plentiful money. According to a recent Bloomberg article, “Central banks across five
continents are undertaking the broadest reduction in borrowing costs since 2009
to avert a global economic slump stemming from
Monetary easing will push the average worldwide central bank interest
rate, weighted for gross domestic product, to 1.79% by next June from 2.16% in
September, the largest drop in two years, according to data and projections
from JPMorgan, which tracks 31 central banks. The number of those banks
loosening credit is the most since the third quarter of 2009, when 15
institutions cut rates, the data show.
The People’s Bank of
This is nothing new. Since the Crash of 2008, most central banks have been
pumping fiat money into their economies.
The multiple EU sovereign insolvencies—you don’t need to default to be
insolvent—are hitting eurozone credit hard, which is a trigger for deflation as
money supply declines. Lenders are stuck with bad sovereign loans and there
isn’t enough money to bail them all out, much less the PIIGS.
The thing to remember about the eurozone is that it’s not just sovereign
insolvencies that is their problem. They became insolvent, yes because
governments spent too much, but their economies are in the tank mainly for many
of the same reasons the U.S. economy declined (money inflation boom, high
debt/spending, housing market collapse triggering depression, high taxes and
regulation, and various bailouts to prevent recovery). Until they fix the
underlying causes, their banks will collapse and countries will default.
China’s frequent
monetary stimulus, along with government real estate policies, keeps feeding
their real estate boom-bust cycles.
Once you look at the data (below), you will see where we and the world are
headed.
While these economies are shrinking, demand for commodities,
capital goods, and manufactured goods all decline. This is impacting
commodity prices; they have been falling since this summer (mainly a
supply-demand factor, not just a money deflation issue). Each country/zone will
have a different reaction to all this. Most will continue to inflate (“print”
money).
Money printing will have little impact on declining prices for the time being.
Unless they panic. If they panic -- that is, massively pump money --
they will suffer from price inflation.
Here is what it looks like:
http://image.minyanville.com/assets/FCK_Jan2011/images/LisaCatchDEC2011/Chart%201%20Markit-JPM-Global-Main-PMI-Regional%20Nov%202011.png
Click to enlarge
http://image.minyanville.com/assets/FCK_Jan2011/images/LisaCatchDEC2011/Chart%202%20KMPG_Market-Wordwide-Regional%20PMI%20Nov%202011.png
Click to enlarge
http://image.minyanville.com/assets/FCK_Jan2011/images/LisaCatchDEC2011/Chart%203%20Markit-HSBC-China-PMI-Germany%20Composite%20Nov%202011.png
Click to enlarge
http://image.minyanville.com/assets/FCK_Jan2011/images/LisaCatchDEC2011/Chart%204%20Markit-Eurozone-PMI-GDP-Input%20prices%20Nov%202011.png
Click to enlarge
N.B. The word
“depression” frightens a lot of people. It should. But, we are in one now. Our
leaders just invented the word “recession” to take our minds off what’s really
happening. Murray Rothbard in his book, America’s
Great Depression noted that when the economy crashed again in
1937, Franklin D. Roosevelt and his advisers didn’t want to use the
“D” word so they came up with “recession.” Until that time there were no
“recessions.” Now a “recession” is just a mini-depression. Since we, in my
opinion, have not yet recovered from the Crash of 2008, we are in a depression.
Just ask the 25 million Americans who either don’t have a job, can’t find one,
stopped looking, or are working part-time because they can’t find full-time work.
Just ask the 24% of home owners whose homes are financially underwater.
·
How the U.S. Will
Become a 3rd World Country (Part 1)
·
Globalization and
Global Chaos
·
Into the Abyss:
The Cycle of Debt Deflation
·
OTC Derivatives:
Failed Banks or Failed Nations?
·
Bernanke's
Dilemma: Hyperinflation and the U.S. Dollar
·
Madmen, Gamblers,
Alcoholics, the U.S. Dollar and Gold
SPX Update: Sell the Bounce Jason Haver
Nov 29, 2011 ‘This bounce might not last long, and new lows are expected to
follow.
$707,568,901,000,000:
How (And Why) Banks Increased Total Outstanding Derivatives By A Record $107
Trillion In 6 Months Durden
on 11/26/11
DATA
SUMMARY SHOWS THE US ECONOMY IS IN JEOPARDY [ Duh! Ya think? ] Jeff Harding Nov 23, 2011 http://www.minyanville.com/buzz/buzzalert/data-summary-shows-the-us/11/23/2011/id/146675?camp=syndication&medium=portals&from=yahoo
‘An overview of all the factors at play leads to one inevitable conclusion.
The Crossroad
The economy is at one of those crossroads where something is going to happen. Whether
that will be a positive or a negative is often difficult to tell because at any
time one of those “black swans” could land in our midst and change everything. Plans
are fluid and and forecasting can be quixotic. That said, I believe
we are at a critical point, and the
To understand what “tomorrow” might be, we need to look at today and
try to tie those threads together. Here is my analysis step by step, and
you can decide if you agree with my conclusions.
Today
I have been looking at a lot of data
reports in terms of an overall view of the economy. I apologize for all of the
charts and data, but they offer some insight into trends.
Price Indices
Both the Producer Price Index and the Consumer Price Index have shown modest
price increases, but may be trending negative.
Producer Price Index:
http://image.minyanville.com/assets/FCK_Jan2011/images/LisaCatchNOV2011/Hards1.png
http://image.minyanville.com/assets/FCK_Jan2011/images/LisaCatchNOV2011/Hards2.png
On a 12-month basis, finished goods have gone up 5.9%, intermediate goods up
8.3%, and crude goods up 12.6%. However, the recent trend is down, as the above
chart shows.
Consumer Price Index:
Consumer prices declined 0.1%, and core (less energy and food) went up 0.1%. On
a year-over-year basis, prices have increased 3.5%, but that is down from 3.9%
the prior month, mainly due to energy costs.
http://image.minyanville.com/assets/FCK_Jan2011/images/LisaCatchNOV2011/Hards3.png
Industrial Production
Industrial production as measured by shipments showed a 0.7% gain in October,
and the 12-month index was up 3.9%.
http://image.minyanville.com/assets/FCK_Jan2011/images/LisaCatchNOV2011/Hards4.png
Manufacturing
The important factory sector output was
up 0.5% in October and up 4.1% for the 12 months. The only negative here, and
it is a significant one, is that new orders are flat, but may not be declining:
http://image.minyanville.com/assets/FCK_Jan2011/images/LisaCatchNOV2011/Hards5.png
The more telling ISM Manufacturing Index shows
some weakness:
http://image.minyanville.com/assets/FCK_Jan2011/images/LisaCatchNOV2011/Hards6.png
The capital goods sector has been showing strong growth:
http://image.minyanville.com/assets/FCK_Jan2011/images/LisaCatchNOV2011/Hards7.png
Business Sales
Business sales and inventories are also steady:
Businesses
are carefully managing their inventories, keeping them lean as sales move
incrementally forward. Business inventories are unchanged in the September
report with sales up 0.6 percent [11.06% YoY], a combination that keeps the
inventory-to-sales ratio at 1.27. This ratio has been pretty steady for the
last two years after spiking as high as 1.49 during the recession when sales of
course plunged.
But note that these numbers are nominal, not adjusted for inflation.
Retail Sales
Retail sales and food services were up 0.5% for October, and 7.2% year over
year. Again, these numbers are not adjusted for inflation. They are steady but
have been flat (±) since August 2010.
http://image.minyanville.com/assets/FCK_Jan2011/images/LisaCatchNOV2011/Hards8.png
Wages and Earnings
Real wages continue to be weak. While real wages increased 0.3% in October,
that was after a CPI adjustment ((earnings +0.2)+(CPI -0.1%)). On a
year-over-year basis, real earnings are down 1.6%. “An unchanged average workweek combined
with the decline in real average hourly earnings resulted in a 1.7 percent
decrease in real average weekly earnings during the same period,” according to
the Bureau of Labor Statistics.
Bank Credit
Bank credit conditions are still sluggish.
Consumer credit
Consumer credit increased
at an annual rate of 1.5% in the third quarter. Revolving credit decreased at an annual rate of
3.25%, while nonrevolving credit increased 3.75%.
In September consumer credit increased at an annual rate of 3.5%. Revolving
credit is credit card debt; nonrevolving debt is mostly auto loans and student
loans. Generally, consumer credit has been rather flat except for auto loans,
which have been up and down, but mostly up:
http://image.minyanville.com/assets/FCK_Jan2011/images/LisaCatchNOV2011/Hards9.png
Business credit
What has changed is that commercial and industrial loans have grown, especially
at small domestic banks. Look at the Fed’s H.8 commercial
bank commercial and industrial (C&I) loans in 2011 (note: I modified this
chart to fit):
http://image.minyanville.com/assets/FCK_Jan2011/images/LisaCatchNOV2011/Hards10.png
(Note that “Other consumer loans” are mostly auto loans. This consumer credit
data is slightly different than the Fed’s G.19 data on consumer credit, above.)
What we see is that C&I loans took off starting in the first quarter of
2011. While the data for large domestic banks shows steady C&I loan growth
since the fourth quarter of 2009, small domestic bank C&I lending shot up
in the first quarter of 2011, from zero base to $20 billion:
http://image.minyanville.com/assets/FCK_Jan2011/images/LisaCatchNOV2011/Hards11.png
Even more surprising is that average loan size for small
banks increased from about $100,000 to almost $650,000. One might conclude from
this that the credit freeze is over and small banks are lending and small to
medium business enterprises (SMEs) are borrowing, thus indicating a recovery.
What is happening?
The main reason for this sudden increase in loan activity is competition. Ever
since Dodd-Frank, banks have been scrambling to figure out how to make more
money, as many credit card and other account fees were prohibited in an attempt
to protect consumers. One way to offset that loss is to gain more business
customers, and there has been a scramble by both large and
small banks for SME customers.
Small banks have the most to gain or lose in this competition because SMEs are
their territory. So they are pursuing customers. Many also believe that there
is a window of opportunity with favorable spreads and thus the timing is
critical to expand business before that window closes. The initial
beneficiaries seem to be the banks in the $5 billion to $10 billion asset
range, which are classified as small banks. Keefe, Bruyette & Woods,
an investment bank specializing in services to the banking sector said:
[Damon DelMonte, an analyst with KBW Inc.'s Keefe, Bruyette & Woods
Inc.] said banks reporting loan growth are taking a bigger slice of the
pie, but the pie isn’t getting much bigger. “We’re not of the belief that the
demand for new loans is really ramping up,” he said. “It seems like it’s more
of a shifting of market share. Smaller banks are going to benefit at the
expense of larger banks.“
This was also confirmed by the Fed’s October
2011 Senior Loan Officer Opinion Survey on Bank Lending Practices, where they
reported increased competition, but that loan demand was weak:
http://image.minyanville.com/assets/FCK_Jan2011/images/LisaCatchNOV2011/Hards12.png
I will explain the significance of this data further on.
International Trade
On the international scene, imports were actually down slightly, which was seen
as a positive by
most analysts (I see it as a negative):
The
Exports have been a substantial driver of
the economy ($2.117 trillion):
http://image.minyanville.com/assets/FCK_Jan2011/images/LisaCatchNOV2011/Hards13.png
International Capital Flows
The Treasury International Capital Report shows us that money continues to flow into the US
seeking refuge mainly in Treasuries:
Volatility in
international financial markets made for a second straight month of
increasing inflow into long-term
Summary
Here is a summary of the above data:
#1. Industrial
production (manufacturing and services) is continuing a flat to
declining trend that has been going on since the second quarter of 2010.
Manufacturing has shown recent growth, but it mirrors the negative to flat
trend. Capital goods orders have improved, reflecting technological upgrades
(which is also mirrored in software
sales).
#2. Prices are starting to decline both at the producer and consumer level. Oil
prices are likely to decline as worldwide economic activity slows. But, as we
know, political shocks from producers can alter this forecast dramatically.
#3. Retail sales, adjusted for price inflation, continue to be flat to
declining.
#4. Credit conditions are still tight at the consumer level, and business
credit still suffers from lack of demand.
#5. Exports have been a primary driver of the economy and have rebounded substantially post-crash
as a result of a devalued dollar.
#6. European economic problems have caused a significant influx of money into
the US, and that has been parked in Treasuries.
Here is a summary of other data I feel is important and that I
have recently discussed:
#1. Unemployment is
high. At 9% there are 13.9 million unemployed, while the broader
measure of unemployed (U-6) is 25 million. While unemployment has been dropping
at a snail’s pace, jobs are not being created at a sufficient rate to
substantially reduce unemployment. New jobless claims have been hovering around
the 400,000 per week for the entire year.
#2. Real disposable income is
falling.
#3. Personal savings have
fallen from a post-crash high of 5.8% in June
2010 to 3.6% as of September 2011 because consumers are using savings to
fund consumption.
#4. GDP is static rather than growing, and the latest third-quarter boost will
likely not continue. It is likely that the third-quarter report will be revised
downward.
#5. Auto sales are related to pent-up demand and
are not likely to be sustained.
#6. The top 5% of earners account
for 37% of all consumer spending, and it is they who are supporting consumer
spending. I call this a “bifurcated economy.” There is no broad-based consumer
spending rally.
#7. Household debt ($13.9 trillion) is still historically very high and
has not been substantially reduced.
#8. U.S. sovereign debt is 100% of GDP
($15 trillion and growing).
#9. All government spending (federal,
state, and local) constitutes 45.6% of GDP.
#10. The euro crisis will
have a substantial impact on the rest of the world, including the US. That is
difficult to predict, but we’ll know very soon. According to recent data,
the world is heading into recession in
almost all economies.
#11. The federal government is currently running a $1.3 trillion annual deficit.
#12. Unfunded liabilities for Social
Security, Medicare, and prescription drug (Part D) are $116.4 trillion and
growing. This does not include the pending problem with student loans (Sallie
Mae) or obligations to government-sponsored enterprises.
#13. The MF Global (MFGLQ.PK)
problem is indicative of a declining economy. It is likely that in a growing
economy, MF Global would have been able to ride out its crisis. In a declining
economy, company weaknesses tend to be revealed, as with Lehman. That creates
market uncertainty.
#14. Oil prices have risen from $40 a barrel post-crash to $110 a barrel in
April 2011, and presently are at $97 a barrel. Such oil price increases are
associated with and often presage recessions.
#15. Bank balance sheets are still weak because they do not book asset values
at market, they seem to not properly book troubled loans, and they are
encumbered by a substantial amount of malinvested assets that
have not been liquidated.
#16. 47 million Americans (15%) are on food stamps;
48.5% of the population lived in a household that received some type of
government aid in the first quarter of 2010.
#17. Americans are pessimistic about their future and the future of America,
according to almost all recent polls.
#18. An angry and disaffected
population in America is potentially politically
dangerous.
What is important when looking at the data is to spot trends rather than
specific numbers. I have what I believe is a healthy skepticism about the
reports from the multitude of federal agencies that I follow on a regular
basis. They are often revised and probably understate the negatives. That is
especially so with price inflation. Many of the reports are in nominal numbers
rather than adjusted for official price inflation. If they are adjusted for
inflation (chained), their baseline is a recent year. Many analysts put great
emphasis on specific numbers, but quantifiable data is ephemeral and
probably “gamed.” Look at the trend.
Reminder: This is part one of a two-part
series. The second half will be published on Minyanville on Friday, November
25.’
25
Bitter And Painful Facts About The Coming Baby Boomer Retirement Crisis That
Will Blow Your Mind The Economic Collapse | For decades we were warned that
when the Baby Boomers started to retire that this country would be facing a
retirement crisis of unprecedented magnitude. The
Economic Collapse November 23, 2011
‘For decades we were
warned that when the Baby Boomers started to retire that this country would be
facing a retirement crisis of unprecedented magnitude. Well, that day has
arrived ladies and gentlemen. Back on January 1st, the Baby Boomers began
to retire and more than 10,000 of them will be retiring every single day for
years to come. Most of them have not saved up nearly enough money for
retirement. At the same time, private sector pension plans are failing
all over the place, hundreds of state and local government pension plans from
coast to coast are woefully underfunded, and the Social Security system is on
the road to complete and total disaster. A massive wave of humanity is
hitting retirement age at a moment in history when the U.S. economy is coming
apart at the seams. We do not have the resources to keep the promises
that we made to the Baby Boomers, and most of them have not made adequate
preparations for retirement. What we have is a gigantic mess on our
hands, and millions of Baby Boomers are going to find retirement to be very
bitter and very painful.
A lot of younger
Americans just assume that Social Security is enough to take care of the needs
of elderly Americans. But that is just not the case.
Have you ever tried to
live solely on a Social Security check?
It is not easy.
The truth is that those checks are just not that large.
The following comes
directly from the Social Security
Administration….
The average monthly
Social Security benefit for a retired worker was about $1,177 at the
beginning of 2011.
Could you live on less
than 300 dollars a week?
And keep in mind that
the $1,177 monthly figure is just an average. Many receive a lot less
than that.
In addition, Social
Security benefits have been seriously squeezed by inflation in recent
years. The cost of food and other basics has risen briskly and Social
Security benefits have not.
Today, many elderly
Americans have to make a choice between buying food, heating their homes or
buying medicine that they need. They simply do not have enough money to
do all of them.
It would have been nice
if all of the Baby Boomers had been busy saving money for retirement all these
years, but that just did not happen. In fact, the Baby Boomers as a group
are trillions of dollars short of what they need for retirement.
So why doesn’t the U.S.
government step in to help them out?
Well, the reality of the
situation is that the U.S. government is flat broke. The federal
government is now over 15 trillion dollars in debt. During the
Obama administration so far, the U.S. government has accumulated more new debt
than it did from the time that George Washington took office to the time
that Bill Clinton took office.
Lawmakers are already
looking at ways to make the Social Security program less costly. No, the
federal government is not going to be riding to the rescue.
In fact, it will be a
minor miracle if the Social Security program is able to survive until the end
of this decade, and it will be a major miracle if the Social Security program
is able to survive until 2030.
As for myself, I do not
believe that I will ever see a single penny from Social Security, and many
other working age Americans feel the same way.
Retirement is supposed
to be a fun time, but sadly most Americans that are approaching retirement age
are not going to have any “golden years” to look forward to.
Rather, millions of
elderly Americans are going to find the years ahead absolutely agonizing as
they struggle just to survive.
The following are 25
bitter and painful facts about the coming Baby Boomer retirement crisis that
will blow your mind….
#1 According to the Employee Benefit Research
Institute, 46 percent of all American workers have
less than $10,000 saved for retirement, and 29 percent of all American workers have
less than $1,000 saved for retirement.
#2 According to a recent poll conducted by Americans
for Secure Retirement,88 percent of all Americans are worried
about “maintaining a comfortable standard of living in retirement”. Last
year, that figure was at 73 percent.
#3 A study conducted by Boston College’s Center for
Retirement Research has found that American workers are $6.6 trillion short of what they need
to retire comfortably.
#4 Today, one out of every six elderly
Americans lives below the federal poverty line.
#5 On January 1st, 2011 the very first Baby Boomers
started to retire. For almost the next 20 years, more than 10,000 Baby
Boomers will be retiring every single day.
#6 At the moment, only about 13 percent of all
Americans are 65 years of age or older. By 2030, that number will soar
to 18 percent.
#7 Right now, there are somewhere around 40 million
senior citizens. By 2050 that number is projected to increase to 89 million.
#8 Back in 1991, half of all American workers planned
to retire before they reached the age of 65. Today, that number has
declined to 23 percent.
#9 According to one recent survey, 74 percent of American workers expect to
continue working once they are “retired”.
#10 According to a recent AARP survey of Baby
Boomers, 40 percent of themplan to work
“until they drop”.
#11 A poll conducted by CESI Debt Solutions found
that 56 percent of American retirees still
had outstanding debts when they retired.
#12 A study by a law professor at the University of
Michigan found that Americans that are 55 years of age or older now account
for 20 percent of all bankruptcies in the
United States. Back in 2001, they only accounted for 12 percent of all
bankruptcies.
#13 Between 1991 and 2007 the number of Americans
between the ages of 65 and 74 that filed for bankruptcy rose by a
staggering 178 percent.
#14 What is causing most of these bankruptcies among the
elderly? The number one cause is medical bills. According to a
report published in The American Journal of Medicine, medical bills are a major
factor in more than 60 percent of the
personal bankruptcies in the United States. Of those bankruptcies that
were caused by medical bills, approximately 75 percent of them involved
individuals that actually did have health insurance.
#15 Public retirement funds all over the United States
are woefully underfunded. For example, it has been reported
that the $33.7 billion Illinois Teachers Retirement System is 61% underfunded and is on the
verge of complete collapse.
#16 Most U.S. states have huge pension obligations which
threaten to bankrupt them. For example, pension consultant Girard Miller
told California’s Little Hoover Commission that state and local government
bodies in the state of California have $325 billion in combined unfunded
pension liabilities. When you break that down, it comes to $22,000
for every single working adult in the state of California.
#17 Robert Novy-Marx of the University of Chicago and
Joshua D. Rauh of Northwestern’s Kellogg School of Management have calculated
the combined pension liability for all 50 U.S. states. What they
found was that the 50 states are collectively facing $5.17 trillion
in pension obligations, but they only have $1.94 trillion set aside
in state pension funds. That is a difference of 3.2 trillion dollars. So
where in the world is all of that extra money going to come from?
#18 According to the Congressional Budget Office, the
Social Security systempaid
out more in benefits than it received in payroll taxes in 2010. That
was not supposed to happen until at least 2016. Sadly, in the years
ahead these “Social Security deficits” are scheduled to become absolutely
nightmarish as hordes of Baby Boomers retire.
#19 In 1950, each retiree’s Social Security benefit
was paid for by 16U.S. workers. According to new data from the U.S.
Bureau of Labor Statistics, there are now only 1.75 full-time
private sector workers for each person that is receiving Social Security
benefits in the United States.
#20 The U.S. government now says that the Medicare trust
fund will run outfive years faster than they were
projecting just last year.
#21 The total cost of just three federal government
programs – the Department of Defense, Social Security and Medicare – exceeded
the total amount of taxes brought in during fiscal 2010 by 10 billion dollars.
In the years ahead expenses related to Social Security and Medicare are
projected to skyrocket dramatically.
#22 The Pension Benefit Guaranty Corporation is the
agency of the federal government that pays monthly retirement benefits to
hundreds of thousands of retirees that were covered under defined benefit
pension plans that failed. The retirement crisis has barely even begun
and the PBGC is already dead broke. The PBGC says that it ran a deficit
of $26 billion during the fiscal year that
just ended and that it will probably need a huge bailout from the federal government.
#23 According to a survey by careerbuilder.com, 36
percent of all Americans say that they don’t contribute anything at
all to retirement savings.
#24 More than 30 percent of all investors in the United
States that are currently in their sixties have more than 80 percent of their
401k plans invested in equities. So what is going to happen to them if
the stock market crashes?
#25 A survey taken earlier this year found that 20 percent of all U.S.
workers admitted that they had postponed their planned retirement age
at least once during the last 12 months. Back in 2008,
that number was only at 14 percent.
Our politicians should
have addressed the retirement crisis decades ago before we got to the point of
being in debt up to our eyeballs.
It is being projected
that the U.S. national debt will hit 344% of GDP by the year 2050, and the
Congressional Budget Office says that U.S. government debt held by the
public will reach a staggering 716% of GDP by the year 2080.
Obviously those figures
will never be reached because our financial system would totally collapse long
before then.
So what do we do?
We have tens of millions
of elderly Americans that are completely and totally dependent on Social
Security and Medicare, but those programs also threaten to bankrupt us as a
nation.
Anyone that believes
that there is a “quick fix” to these issues is being naive.
The “supercommittee” was supposed to address this problem,
but they failed so spectacularly that they have become a national joke.
Sadly, most of our
politicians just keep kicking the can down the road. They hope that
somehow things will just magically “work out”.
Well, the truth is that
things are not going to “work out”. The poverty level among the elderly
is going to continue to increase. Pension plans all over this nation are
going to continue to fail in staggering numbers. Social Security and
Medicare are going to bleed more red ink with each passing year.
Something should have
been done about this problem a long, long time ago.
But it wasn’t.
This crisis was ignored,
dealing with it was put off time after time and all the doomsayers were laughed
at.
Now the crisis is here,
and we are all going to pay the price.’
Something
Big Is Coming... and It's Going to Be BAD Phoenix Capital... 11/18/2011 We have been
getting MAJOR warning signs of a collapse for months now. No less than the Bank
of England, the IMF, and legendary asset management firm Franklin Templeton
have warned that we are...
One
Interesting Thing About the Leading Indicators Report The Wall
Street Journal (Fri, Nov 18) { How about the most interesting thing about
‘leading economic indicators’ from mooshy mish shedlock is the weighting
accorded M2 and stock prices [who seems to have forgotten his own ‘unequivocal
declaration’ ( Global
Recession: Right Here, Right Now at
Minyanville Mike Shedlock Sep
02, 2011 ) which by the way was correct –almost, actually
a depression- and now equivocates saying ‘I would agree that a
slip back into recession in the 4th quarter is unlikely, assuming of course it
is even possible. Bear in mind, we have not had an official end of this
recession declared yet.’ I believe mish mosh shedlock is a lightweight (link to
‘huffington post’? What’s up with that?) but he does include the following
excerpt from Chris Puplava which is important, infra (Burt Domen and David
Rosenberg are the ‘real deal’ - Financial
Crisis Phase II Is Ahead at Forbes Bert
Dohmen ‘ In late
2007, I wrote the book Prelude To Meltdown, predicting the global crisis that
occurred the following year. I now see a similar confluence of events ..
“the new recession has started.”… Over the past 33 years, we have called the
start of every recession..Currently, the GDP deflator is 1.8%, which hardly
reflects the true rise in prices. Therefore, what is counted as “growth,” is
actually price increases. Actual inflation..is now more than 11%. Using that to
adjust GDP for inflation, would show that the economy is now in a very sharp
contraction…’, David
Rosenberg: “It’s Time To Start Calling This For What It Is: A Modern Day
Depression” Zero Hedge , David
Rosenberg On The Depression, The ECB, MF Global As A Canary In The Coalmine...
All With A Surprise Ending Durden, This
is No Cyclical Recession… It is a Secular DE-pression Phoenix Capital Research) :
‘Chris Puplava took a
good hard look at the LEI in Fool Me Once, Shame on You. Fool Me Twice, Shame on Me.
One of the things that
many market commentators and research houses have pointed at to support their
bullish outlook on the stock market are the leading economic indicators. I have
had the sneaky suspicion that the aggressive and unprecedented actions on the
part of the Fed have played a significant role in the LEI given a misleading
signal as to an economic turnaround it is forecasting, while the economic
components would likely paint a different picture. It is important to understand
the makeup of the Conference Board’s Leading Economic Index (LEI) and the
weights that each component makes up of the LEI. Below is the breakdown of the
ten indicators that make up the LEI and their respective weights in the index.
As seen below, the three financial indicators make up approximately 50% of the
LEI while the seven economic components make up the other 50%, with the M2
money supply alone making up 35.8% of the total LEI. Money makes the world go
round, I guess, according to the LEI.
http://1.bp.blogspot.com/_nSTO-vZpSgc/Ss2QhpYTrCI/AAAAAAAAHBw/aXOmraxEhEc/s400/LEI+components.png
Shown below are the YOY rate of change growth rates in the Conference Board’s
LEI and my indexes of the economic and monetary components separated out. What
is a clear take away is that the monetary LEI is doing the heavy lifting as the
economic LEI remains in negative territory.
What you can also see is that beginning in the 1980s the growth rate between
the monetary and economic LEI began to show a greater disparity in their growth
rates than they did in the 1970s. What this would tend to imply is that a
greater level of monetary stimulus measures were needed to translate into
improved economic growth rates. This aligns with the second chart below that
shows the dollar increase in debt per dollar increase in GDP, which shows
higher amounts of debt were needed to produce a dollar of GDP, and we are fast
approaching the “Zero Hour” in which rising debt does not translate into
increased economic growth, or the “pay the piper” moment for our economy.
http://4.bp.blogspot.com/_nSTO-vZpSgc/Ss2R7PXY8qI/AAAAAAAAHB4/vCLw0ub9wzY/s400/LEI-YY-%25change.png
Zero Hour - Debt Fails To Add To GDP
http://4.bp.blogspot.com/_nSTO-vZpSgc/Ss2SVk6uicI/AAAAAAAAHCA/b69hK64Ycto/s400/Zero+Hour.png
Further illustrating the notion that it is taking record stimulus just to keep
growth going is the YOY growth rate difference between the Monetary LEI and the
Economic LEI, with the disparity between the two growth rates at the highest
level in the last half century.
http://2.bp.blogspot.com/_nSTO-vZpSgc/Ss2S_Aqy0rI/AAAAAAAAHCI/KZv4Rc8hAR0/s400/LEI-YY-%25change2.png
The above charts simply illustrate that our economy is fundamentally weak and
instead of allowing our economy to sober up after its debt binge, our monetary
and governmental authorities are trying to keep the economy drunk and chugging
along, using greater amounts of monetary alcohol than ever before…’
Something
Big Is Coming... and It's Going to Be BAD Phoenix Capital... 11/18/2011 ‘We have been
getting MAJOR warning signs of a collapse for months now. No less than the Bank
of England, the IMF, and legendary asset management firm Franklin Templeton
have warned that we are... Something major is occuring in the markets today.The
US economy peaked in 2007. However, throughout much of 2008, the stock market
continued to rally despite the economic collapse as well as the financial
system imploding.Throughout this period the credit markets jammed up and
implied something VERY BAD was in the system. However, stock investors
continued to pile into stocks because, well, frankly stocks always are the last
to "get it."And when stocks finally did get it... it was quite a
thing.This same environment is occurring today. Only this time the collapse is
sovereign in nature: entire countries are going bust.We have been getting MAJOR
warning signs of a collapse for months now. No less than the Bank of England,
the IMF, and legendary asset management firm Franklin Templeton have warned
that we are facing an epic, hellish crisis.We got the first taste of this in
August when the S&P 500 literally wiped out a year's worth of gains in two
weeks The only thing that brought us back from the brink at that time was the
belief that the EU mess might be solvable and a coordinated intervention from
the world Central Banks.We then had a spirited rally as the Fed and central
banks went "all in" to force the stock market above its 200-DMA.This
final "hurrah" has failed and the financial system is literally
imploding. The EU will be broken up in the next month or so and it is highly
likely Germany will back out of the Euro altogether.Moreover, the world central
banks are now totally out of ammunition. They've spent Trillions of Dollars in
bailouts, abandoned accounting standards, and even moved TRILLIONs in garbage
debt onto the public's balance sheet.None of this has worked. The credit
markets are jammed up just like in 2008. Italy, the third largest bond market
in the world, is on the verge of default. No one wants to fund the EFSF. China
is entering a hard landing and economic collapse. The US is in a clear
depression.And on and on.This is the single most dangerous market environment
of our lifetimes. We are entering a period of massive wealth destruction.
We will see bank holidays and civil unrest. We will see sovereign defaults. We
will see temporary shortages in various goods and services.So if you have not
already taken steps to prepare for systemic failure, you NEED to do so NOW.
We're literally at most a few months, and very likely just a few weeks from
Europe's banks imploding…’
Train
Reading: Does Water Prevent Dehydration? The EU Says No. The Wall Street Journal [ Wow! Talk about
things that don’t matter! Yeah … like pervasively corrupt, defacto bankrupt
america, the eu’s lost its shine … maybe, employing an american strategy, they
were just try to sell more of their ‘gatorade knockoff’! ]
The
next financial crisis will be hellish, and it’s on its way Nov 17th, 2011
(Forbes) —‘ “There is definitely going to be another financial crisis around
the corner,” says hedge fund legend Mark Mobius, “because we haven’t solved any
of the things that caused the previous crisis.”We’re raising our alert status
for the next financial crisis. We already raised it last week after spreads on
U.S. credit default swaps started blowing out. We raised it again after seeing
the remarks of Mr. Mobius, chief of the $50 billion emerging markets desk at
Templeton Asset Management…”Prior to the bursting of the credit bubble, the
public was shocked to learn that our biggest investment banks were levered
30-to-1. When asset values fell, those banks were quickly wiped out. But now
the Fed is holding many of the same types of assets and is levered 51-to-1! If
the value of their portfolio were to fall by just 2%, the Fed itself would be
wiped out.”[source]’
The
next financial crisis will be hellish, and it’s on its way
http://news.yahoo.com/next-financial-crisis-hellish-way-204303737.html
Addison Wiggin | Forbes – Wed, Nov 16, 2011’ "There is definitely going to be another financial crisis around
the corner," says hedge fund legend Mark Mobius, "because we haven't
solved any of the things that caused the previous crisis."
We're raising our alert
status for the next financial crisis. We already raised it last week after
spreads on U.S. credit default swaps started blowing out. We raised it
again after seeing the remarks of Mr. Mobius, chief of the $50 billion emerging
markets desk at Templeton Asset Management.
Speaking in Tokyo, he
pointed to derivatives, the financial hairball of futures, options, and swaps
in which nearly all the world's major banks are tangled up.
Estimates on the amount
of derivatives out there worldwide vary. An oft-heard estimate is $600
trillion. That squares with Mobius' guess of 10 times the world's annual GDP.
"Are the derivatives regulated?" asks Mobius. "No. Are you still
getting growth in derivatives? Yes."
In other words,
something along the lines of securitized mortgages is lurking out there, ready
to trigger another crisis as in 2007-08.
What could it be? We'll
offer up a good guess, one the market is discounting.
Seldom does a stock
index rise so much, for so little reason, as the Dow did on the open Tuesday
morning: 115 Dow points on a rumor that Greece is going to get a second
bailout.
Let's step back for a
moment: The Greek crisis is first and foremost about the German and French
banks that were foolish enough to lend money to Greece in the first place. What
sort of derivative contracts tied to Greek debt are they sitting on? What
worldwide mayhem would ensue if Greece didn't pay back 100 centimes on the
euro?
That's a rhetorical
question, since the balance sheets of European banks are even more opaque than
American ones. Whatever the actual answer, it's scary enough that the European
Central Bank has refused to entertain any talk about the holders of Greek
sovereign debt taking a haircut, even in the form of Greece stretching out its
payments.
That was the preferred
solution among German leaders. But it seems the ECB is about to get its way.
Greece will likely get another bailout — 30 billion euros on top of the 110
billion euro bailout it got a year ago.
It will accomplish
nothing. Going deeper into hock is never a good way to get out of debt. And at
some point, this exercise in kicking the can has to stop. When it does, you get
your next financial crisis.
And what of the
derivatives sitting on the balance sheet of the Federal Reserve? Here's another
factor behind our heightened state of alert.
"Through quantitative easing efforts
alone," says Euro Pacific Capital's Michael Pento, "Ben Bernanke has
added $1.8 trillion of longer-term GSE debt and mortgage-backed securities
(MBS)."
Think about that for a
moment. The Fed's entire balance sheet totaled around $800 billion before the
2008 crash, nearly all of it Treasuries. Now the Fed holds more than double
that amount in mortgage derivatives alone, junk that the banks needed to clear
off their own balance sheets.
"As the size of the
Fed's balance sheet ballooned," continues Mr. Pento, "the dollar
amount of capital held at the Fed has remained fairly constant. Today, the Fed
has $52.5 billion of capital backing a $2.7 trillion balance sheet.
"Prior to the
bursting of the credit bubble, the public was shocked to learn that our biggest
investment banks were levered 30-to-1. When asset values fell, those banks were
quickly wiped out. But now the Fed is holding many of the same types of assets
and is levered 51-to-1! If the value of their portfolio were to fall by just
2%, the Fed itself would be wiped out."
Mr. Pento's and Mr.
Mobius' views line up with our own, which we laid out during interviews
on our trip to China this month.
An
Eye on the Next Financial Crisis by Addison Wiggin originally appeared in the Daily Reckoning.’
Tighter Credit Suggests Stocks Should Fall The Wall Street Journal ‘All in all, the US stock-market selloff of the past couple of days has not been nearly as bad as it could have been, given that credit-market stress indicators are pushing to levels not seen since the 2008-09 crisis.
It might only be a
matter of time before stocks catch up, however.
The US market has been
buoyed by a string of better-than-expected economic reports that have helped
encourage the belief that the US is a relatively safe haven, insulated from the
problems of Europe.
But these data are
coincident, or lagging, data at best, warns Mike Darda of MKM Partners. Leading
indicators are found in the credit markets and are pointing to tighter
financial conditions — and lower stock prices — in the future:
Pressures on sovereign
debt markets in Europe have created concerns about collateral and capital
in the European banking system, pushing funding spreads sharply
wider (two-year euro interest rate swap spreads hit 114 bps today, a
new 2011 high and not far from the October 2008 peak of 126 bps).
These pressures are
also affecting the U.S. financial system and credit markets. Two-year
interest rate swap spreads in the U.S. have hit new 2011 highs above
50 bps; three-month FRA/OIS spreads (based on
expectations of LIBOR settings) hit 70 bps today. Three-month
dollar LIBOR has set higher every day since late July.
Although U.S. credit
markets are not nearly in the condition that European credit markets are,
they are nonetheless deteriorating, which is one reason we should not take too
much comfort in recent coincident data on sales and production that have
yet to reflect the tighter financial conditions now in place.
U.S. short-term
funding indicators suggest corporate-quality spreads could rise by more
than 40%, a move that would likely spark at least a 10%-15% decline in the
S&P 500 from current levels. FRA/OIS spreads tend to lead corporate spreads by about one month. They
also have led the S&P 500 equity index by about that interval over
most of the last two years. At current levels (near 70 bps), the FRA/OIS
spreads suggest corporate spreads will widen by 40-50%. This would
be tantamount to Baa/Aaa spreads rising to 190 bps from 127 bps,
which would mark new highs for the year.
A similar surge in high
yield spreads from here would place them at 669 bps,
also new highs for the year. The S&P 500 equity index,
which tends to move inversely to the level of credit
spreads, would most likely decline by at least 10%-15% if
this scenario unfolds, which would place the S&P
500 back below 1100.
As for the recent
patch of stronger-than-expected economic data, let’s not forget that real
GDP expanded by 3.6% in Q207 and then by 3% in Q307, right as
the business cycle peaked. Credit markets and financial
conditions lead the business cycle; coincident data tell us
where we are or have been. At
turning points, coincident data—which tend to be extrapolated forward
by Wall Street forecasters—can be misleading. And
costly.’
The Chart That Trumps Analysts Call for a Year-End Rally Simon Maierhofer | ETFguide
What do Tiger Woods and
Bill Miller have in common? — Abnormal Returns { So absolutely preposterous is the notion
(as per this article) of comparison of golf / golfers, to stock trading /
traders, I felt compelled to comment here for the record. I’ve always viewed
golf / golfers in a favorable light. Indeed, as kids we literally ‘did
everything’ at the affluent ‘Arcola Country Club’ [which bordered the ‘Rainbows
End’ riding stables (horses) for hire to the public]. From hunting, to fishing,
to sleigh-riding, to ice-skating / hockey, to campfires on the ice at night, to
of course, golfing ‘the back-nine’ with golf balls amply supplied from ‘the
rough’, we were ‘tacitly approved’ interlopers whose occasional interaction
with the extremely civilized affluent members was always amicably cordial and a
pleasure. While I always liked golf and admire the skill involved, I hardly
considered it a ‘sport’ per se (and for me and my body type, insufficient
exercise for the amount of time spent). Rather, I thought of golf as a
gentleman’s indulgent diversion, and the golf course itself a place of
peaceable beauty. Those are good things. On the other hand, traders and wall
street particularly are so sordid and despicable so as to make any such
comparisons a stretch at best and sheer nonsense at worse. There are very few
successful traders over time as probabilities eventually catch up. Moreover,
‘inside help’ / connections eventually (except for the biggest frauds – ie.,
the big [ still unprosecuted ] boys, ie., goldmans, et als) dry up, fade away
like old (mafia foot) soldiers. Additionally, the high volume computerization /
programmed / manipulated High Frequency Trading have left most not connected to
said churn-and-earn scam / fraud in the dust. No … do not insult golfers by
comparing them with traders; and, do not disparage golf by speciously comparing
it to trading or any other sordid activity connected to fraudulent wall street;
they are as dissimilar as ‘day and night’. }
What do financial stocks
and Russian roulette have in common? — Reformed Broker
The Super Committee’s
worst-case scenario — The Atlantic
Should some bankers be
prosecuted? — New York Review of Books
Learning to love a lost
decade — FT Alphaville
ADP chief’s exit
followed SC arrest — Footnoted
Live updates of Occupy
Wall Street today, with videos, photos — The Atlantic, New York Times
The markets are getting
nothing for Christmas — Market Anthropology
The ECB’s monetary
policy game for the iPhone is suitably policy constricted — Reuters
Large Hadron Collider
may have found crack in modern physics — Wired
Stocks
sink after Fitch warns on US bank exposure AP
Citi
Economist Warns of Imminent Spanish, Italian Default The Wall
Street Journal (11-16-11)
Euro-Dollar
Basis Swap Cost at 2008 Crisis Levels
The Wall Street Journal
Financials
Drag Market Lower, Fitch Raises Doubts About Euro Hedge Effectiveness The Wall Street Journal Gongloff (11-16-11)
Stocks Making Risky Bet on Massive ECB Money
Printing The Wall Street Journal
Bob
Chapman: Surviving The Banker Sociopaths The Alex Jones Channel | Alex
talks with regular Friday guest Bob Chapman of the International Forecaster.
Ignore The Noise Of High Frequency Trading Forbes Ken Kamen [ Unfortunately, though not a perfect
analogy, that’s like having said, ignore dillinger, sutton, etc., because the
banks will still be open the next day (after their robberies). The problem is
that ‘money’ siphoned off by the ‘churn-and-earn’ has to come from some place;
viz., ie., main street, tax payers, etc.. Dave’s Daily
http://www.etfdigest.com ‘Perhaps
this is now the “no news is good news” market since a rally on Berlusconi’s
resignation is beyond irrational. But, we’re long so I shouldn’t complain too
much even though emotionally there isn’t much to like overall. The only bullish
thing is the action of the tape and this is the season when bulls can make
their year. Speaking of HFTs and algos, HFT issues are thoroughly covered with HFT Alert founder Steve Hammer and myself
in the video interview below. The presentation contains two parts: the first
outlines HFT basics—how they work and their controversial impact on financial
markets. The second part we discuss how traders can benefit or make money by
using HFT Alert’s unique trading services. http://www.youtube.com/watch?feature=player_embedded&v=NzfmT4vGXZY
[ ‘Off to the golf course’, indeed. Those are Mr. Hammer’s concluding remarks.
Not because he’s a trader, but because he’s selling this ‘very functional in
terms of what’s going on’ package. The truth is that even today, at lightning
speeds, there are very few successful traders (as distinguished from investors,
and there is a huge distinction, though much less so today)(over the longer
term and is akin to the apposite old adage, ‘you can win a race but you can’t
win at the races’). Indeed, some companies / brokerages employ them just for
the volume / commissions they produce. Most telling, in this video, is the
beginning wherein it’s explained that in literally a second(s), mere quotes can
give rise to revenue (as with commissions, pieces of the action) which has to come
from someplace. The problem is that ultimately, this ‘churn-and-action’
computer programmed action at ‘lightning speed’ is parasitic inasmuch as it is
without any economic utility whatsoever in real economic terms as are
commissions in ‘after-market stock trading’ (as distinguished from initial
ipo’s) that are tantamount to a tax on the real economy; hence, the benefit to
the frauds on wall street at the expense of and to the detriment of main
street, taxpayers, and the populace in general, as we’ve seen and continue to
see. ‘Remember, there is no modern day alchemy that spins worthless paper into
gold except fraudulently for the frauds on wall street who’ve literally oftimes
done exactly that; ‘cashing out’ for hard currency and gold, precious metals, at
everyone else’s expense including main street. They’re just not that important
and represent, like termites eating away at the nation’s foundation, a drag on
the economy, the nation as one would expect from parasites such as they are’. What
to Expect Next From the Markets
Minyanville Jeffrey Cooper ‘Conclusion:
It looks like a program was run using the least amount of dollars to goose the
indices by focusing on some big cap names like Apple, Amazon, Baidu, IBM, and
Caterpillar { Dave’s
Daily:’.. The HAL 9000s have
been doing business as HFTs (High Frequency Traders) launching many buy or sell
programs using complex algorithms which can drive prices on indexes higher or
lower in dramatic fashion. One of their great acts is called "quote
stuffing". It's another illegal activity which the SEC hasn't quite
figured out. It's as futile for them as the illegal fee-driven recent
end-of-quarter price jam-job..’} Then there’s the fed complicity in these
various wall street scams by way of QE’s / dollar debasement which of course
benefits the frauds on wall street to the detriment of literally everyone else.
]So, as indicated stock prices shot
higher on the Berlusconi news. Gold prices saw some profit-taking, the dollar
was weaker, commodities stronger and bonds weaker.Volume was on the light side
and breadth per the WSJ was quite positive…’ ]
This
is No Cyclical Recession… It is a Secular DE-pression Phoenix Capital
Research on 11/09/2011 [ Mr. Summers is quite right! That’s reality! ]To
put US household debt levels into a historical perspective, in order for US
households to return to their long-term average for leverage ratios and their
historic relationship to GDP growth we’d
need to write off between $4-4.5 TRILLION in household debt (an amount equal to
about 30% of total household debt outstanding).
Do Valuation Metrics Still Apply or Has The Market Become
Untradable? Simon Maierhofer Etf Guide [ Short answers: No and yes the
market has become ‘untradable’ for investors. I would add that the ‘debased
dollar policies’ (ie., QE’s, overprinting of paper currencies / dollars, etc.)
enable sales / revenues to be booked with ‘more’ of the inflated dollars
relative to costs booked at the ‘fewer / greater value’ dollars which spikes
earnings but leads to the inevitable margin erosion when the reported costs
‘catch up’ in terms of inflated ‘Weimar’ dollars. Hence, even the averages when
deflated for real inflation (see Faisal infra) show a far less sanguine picture
(than say, hard assets, ie., gold, etc.). Even more important is the effect of
the HFT programmed trades (the current article follows):…
Hit
With Big Withdrawals, Fed Sells Assets, Borrows Cash ilene : 11/06/2011 - 17:13 We'll have to see
what hits the fan this week.
Dave’s Daily
http://www.etfdigest.com ‘Perhaps
this is now the “no news is good news” market since a rally on Berlusconi’s
resignation is beyond irrational. But, we’re long so I shouldn’t complain too
much even though emotionally there isn’t much to like overall. The only bullish
thing is the action of the tape and this is the season when bulls can make
their year. Speaking of HFTs and algos, HFT issues are thoroughly covered with HFT Alert founder Steve Hammer and myself
in the video interview below. The presentation contains two parts: the first
outlines HFT basics—how they work and their controversial impact on financial
markets. The second part we discuss how traders can benefit or make money by
using HFT Alert’s unique trading services.
http://www.youtube.com/watch?feature=player_embedded&v=NzfmT4vGXZY
[ ‘Off to the golf course’, indeed. Those are Mr.
Hammer’s concluding remarks. Not because he’s a trader, but because he’s
selling this ‘very functional in terms of what’s going on’ package. The truth
is that even today, at lightning speeds, there are very few successful traders
(as distinguished from investors, and there is a huge distinction, though much
less so today)(over the longer term and is akin to the apposite old adage, ‘you
can win a race but you can’t win at the races’). Indeed, some companies /
brokerages employ them just for the volume / commissions they produce. Most
telling, in this video, is the beginning wherein it’s explained that in
literally a second(s), mere quotes can give rise to revenue (as with
commissions, pieces of the action) which has to come from someplace. The
problem is that ultimately, this ‘churn-and-action’ computer programmed action
at ‘lightning speed’ is parasitic inasmuch as it is without any economic
utility whatsoever in real economic terms as are commissions in ‘after-market
stock trading’ (as distinguished from initial ipo’s) that are tantamount to a
tax on the real economy; hence, the benefit to the frauds on wall street at the
expense of and to the detriment of main street, taxpayers, and the populace in
general, as we’ve seen and continue to see. ‘Remember, there is no modern day alchemy that
spins worthless paper into gold except fraudulently for the frauds on wall
street who’ve literally oftimes done exactly that; ‘cashing out’ for hard
currency and gold, precious metals, at everyone else’s expense including main
street. They’re just not that important and represent, like termites eating
away at the nation’s foundation, a drag on the economy, the nation as one would
expect from parasites such as they are’. What
to Expect Next From the Markets
Minyanville Jeffrey Cooper ‘Conclusion:
It looks like a program was run using the least amount of dollars to goose the
indices by focusing on some big cap names like Apple, Amazon, Baidu, IBM, and
Caterpillar { Dave’s
Daily:’.. The HAL 9000s have
been doing business as HFTs (High Frequency Traders) launching many buy or sell
programs using complex algorithms which can drive prices on indexes higher or
lower in dramatic fashion. One of their great acts is called "quote
stuffing". It's another illegal activity which the SEC hasn't quite
figured out. It's as futile for them as the illegal fee-driven recent
end-of-quarter price jam-job..’} Then there’s the fed complicity in these
various wall street scams by way of QE’s / dollar debasement which of course
benefits the frauds on wall street to the detriment of literally everyone else.
]
So, as indicated stock prices shot
higher on the Berlusconi news. Gold prices saw some profit-taking, the dollar
was weaker, commodities stronger and bonds weaker.Volume was on the light side
and breadth per the WSJ was quite positive…’
Barclays
Says Italy Is Finished: "Mathematically Beyond Point Of No Return"Durden on 11/08/2011
12
Reasons To Be Extremely Pessimistic About The Direction That The Economy Is
Headed The
American Dream
November 2, 2011 ‘Do you want to feel optimistic about the U.S. economy?
If so, you might not want to read the rest of this article. In many areas
of the United States today, you can almost smell the fear and the anxiety in
the air. Survey after survey has found that the American people are
extremely pessimistic about the direction the economy is headed. In fact,
many recent surveys have found that economic pessimism is at the highest levels
ever recorded. There has been an astonishing loss of faith in the
system. In general, people are extremely dissatisfied with how things are
going right now, and they do not believe that things will get better any time
soon. When the majority of the population starts losing hope like that,
it creates a very unstable economic environment. Once people are gripped
by desperation, they start behaving much differently. Desperate people do
desperate things, and we are already starting to see this in many parts of the
country.
It would be great if
there was some reason to be optimistic about things, but our leaders continue
to pursue the same failed policies that got us into this mess in the first
place.
The statistics that you
are about to read should alarm you. The American people have gotten it
into their heads that things are bad and that they are going to get even worse.
Unfortunately, the
American people are correct about that.
The following are 12
reasons to be extremely pessimistic about the direction that the economy is
headed right now….
#1 A big chunk of the American people are flat
broke. According to one recent survey, one-third of all Americans
say that they have absolutely no spare cash.
#2 The budgets of American families are being stretched
incredibly thin and the savings rate is going down again. In fact, the
savings rate in September was the lowest that it has been since December 2007.
#3 Back in 2001, Gallup began asking Americans about
how they feel about the state of their own personal finances. In October,
Gallup once again asked this question, and 22 percent of the respondents rated
their personal financial situations as “poor”. That is the highest number
that Gallup has ever seen. In addition, the gap between the number of
Americans that said that their finances were “getting worse” and the number of
Americans that said their finances were “getting better” was also the largest
that Gallup has ever seen.
#4 Overall, Americans are very depressed about the
state of the U.S. economy. According to a recent Associated Press-GfK
poll, 43 percent of all Americans believe that
the economy is in “very poor” shape.
#5 Big corporations continue to lay off more American
workers. For example, Whirlpool has just announced that it will be
slashing 5,000 more jobs in the United
States and Europe.
#6 Americans seem to have an incredibly dim view of the
job market. One recent survey discovered the
following….
This month, just 9%
of Americans would rate the job market of their region of the nation as good
while 67% would rate it as bad and one-quarter (24%) say it is neither good nor
bad.
#7 If nearly all Americans believe that something bad
is going to happen, does that make it more likely that it actually will
happen? A recent IBOPE Zogby Interactive Poll found that 95 percent of all Americans are
“somewhat concerned” or “very concerned” that we are headed for a double-dip
recession.
#8 The American people are also overwhelmingly
pessimistic about the housing market. In fact, the same IBOPE Zogby
Interactive Poll referenced above found that 89 percent of all Americans are
“somewhat concerned” or “very concerned” that there will be an increase in
foreclosures over the next two years.
#9 Older Americans tend to be cranky in general, but
the amount of pessimism that they are exhibiting about the economy right now is
absolutely stunning. The following comes from a recent article in the Huffington Post….
Older workers are
gloomier about the economy now than they were last year.
Nearly two thirds of
workers older than 50 first surveyed by AARP’s Public Policy Institute in 2010
said things had gotten worse by the time the senior lobbying powerhouse
followed up in August. Fewer than one in 10 said their view of the economy had
improved. The rest said things had stayed the same.
#10 The consensus among the American people seems to be
that the economy will get even worse leading up to the election in 2012.
The following is what one recent telephone survey
discovered….
By a 49%-35% margin,
Americans say they expect the U.S. economy to worsen between now and the
November 2012 presidential election.
#11 The U.S. national debt is an anchor around our necks that just
gets heavier and heavier as time goes by. The U.S. government is now
about 15 trillion dollars in debt, and a recent Allstate-National Journal poll
discovered that 79 percent of all Americans “believe the
federal debt and deficit have a meaningful impact on their personal finances.”
#12 The financial crisis in Europe just seems to get
worse by the day. The United States is
already teetering on the edge of an economic disaster, and if Europe
experiences a big time financial crash it seems extremely unlikely that we
would be able to avoid another major recession.
Things simply do not
look very promising for the economy right now.
As I wrote about
recently, there are a lot of signs that the American people are already extremely angry and frustrated by
what is happening to the economy.
So what is going to
happen if things get significantly worse?
Unfortunately, there
simply are not any “quick fixes” which are going to put us back “on
course”. The consequences that we are experiencing now are the result of
decades of bad decisions. The American people kept sending incompetents,
con men and charlatans back to Washington D.C. over and over and over and now
we are going to pay the price.
The prosperity of the
last 30 years was a false prosperity. We squandered our national
inheritance and we lived the “high life” by piling up mountains of debt unlike
anything that the world has ever seen before.
In the end, there is
always a very high price for “living for today” at the expense of the
future. Tomorrow always ends up arriving way too soon, and future
generations will curse us for being so foolish.
The party was great
while it lasted, but it is coming to an end.
A whole lot of economic
trouble is on the horizon, and it is going to be very, very painful.’
Don't
Be Fooled - Here's The Real Reason For This Week's Meltdown – ETFguide Simon Maierhofer, 11-1-11 ‘A picture
says more than a thousand words and a chart explains more than a thousand
analysts' opinions (literally). Profitable investing depends on the credibility
of your research sources. This article will contrast the one chart that's
predicted every recent turn weeks in advance and conventional Wall Street
wisdom.
Wall Street
'Wisdom'
Wall Street made us
believe that last Thursday's 3% rally across the board - Dow Jones (DJI: ^DJI),
S&P (SNP: ^GSPC), Nasdaq (Nasdaq: ^IXIC), banks (NYSEArca: KBE - News), financials (NYSEArca: XLF - News), technology (NYSEArca: XLK - News), you name it - was because
of a comprehensive European (NYSEArca: VGK - News) debt deal that would solve
all problems.
Here are some of the
headlines that reflect Wall Street's 'wisdom:'
Forbes: 'Europe
three-point debt salvation plan lets bulls free'
Breakout: 'Don't fight
the rally: Stocks soar after Europe deal'
Reuters: 'Wall Street
soars on hopes EU finally has a fix'
ETFTrends: 'S&P 500
ETFs rally over the 200-day average opens door for year-end rally' (more about
the significance of the 200-day average in a moment)
Zachs: 'S&P 1,350 is
not a stretch'
Even Greece's Prime
Minister George Papandreou was moved to confirm that: 'The debt is absolutely
sustainable now. Greece can settle its accounts from the past now, once and for
all.'
Today, news that Greece
could default on its debt and drop out of the European currency hit the fan.
Trend Following
Technicals Turn Up
In all fairness, trend
following technicals did turn up. It was even possible to interpret the
market's push as a technical breakout. The October 30 ETF Profit Strategy
update acknowledged and warned that: 'Trend following technicals, momentum,
sentiment and seasonality suggest higher prices. But trend following technicals
can be treacherous and we'll do well to view this rally with suspicion.'
In addition to just
being suspicious, the update recommended to go short if the S&P falls below
1,270. S&P 1,270 is not just some random number, it was crucial support.
The chart below, featured in the October 14 ETF Profit Strategy Newsletter,
shows why:
The Most Reliable
Roadmap
The chart shows several
distinct parallels between the 2007/08 market top and today.
https://www.etfguide.com//contributor/UserFiles/8/Image/222.gif
1) In 2007/08 the
S&P touched the yellow trend line twice before slicing through it. The same
occurred in 2011.
2) A break below the
yellow trend line in 2008 led to a freefall decline. The same occurred on August
2, 2011. On July 31, the ETF Profit Strategy update warned that: 'A break below
the 200-day SMA and the trend line may trigger panic selling.'
3) The initial 2008 low
was followed by sideways trading and another low. The same occurred in 2011.
The August 9 low at S&P 1,102 was followed by another low on October 4 at
1,077.
The October 2 ETF Profit
Strategy update expected this low and foretold that: 'The ideal market bottom
would see the S&P dip below 1,088 intraday, followed by a strong recovery
and a close above 1,088.'
4) This low was followed
by a retest of the yellow trend line in 2008. The equivalent 2011 yellow trend
line ran through S&P 1,270.
The October 2 update
stated that: 'From a technical point of view this counter trend rally should
end somewhere around 1,275 - 1,300.'
The October 14 update
warned that it wouldn't 'feel' right to short the S&P above 1,270: 'By the
time the S&P gets to rendezvous with the yellow trend lines, optimism (at
least to a certain degree) will be back and the media will probably tell us
that a larger European debt crisis has been averted. It will take a strong
contrarian conviction to short the markets at that time.'
Of course there's more
to investing than blindly following a previous pattern that may or may not come
true.
But as long as other
research components such as seasonality and sentiment confirmed what the 2008
outline predicted, there was no reason to doubt it.
The Bottom Might
Fall Out
Based solely on the 2008
script, stocks are due for much lower prices…’
Nobel
Prize-Winning Economist: “War Is Widely Thought To Be Linked To Economic Good
Times … NONSENSE” Washington’s Blog | Contrary to a Common Myth, War is Bad
for the Economy Washington’s
Blog
November 1, 2011
Contrary to a
Common Myth, War is Bad for the Economy
Nobel prize winning
economist Paul Krugman wrote yesterday:
Military spending does
create jobs when the economy is depressed. Indeed, much of the evidence that
Keynesian economics works comes from tracking the effects of past military
buildups.
(Mr. Krugman has said
the same thing many times in the past. And many other
influential people havesaid the same thing.)
I am not a Nobel prize
winning economist … but Joseph Stiglitz is.
Stiglitz wrote in 2003:
War is widely thought to
be linked to economic good times. The second world war is often said to have
brought the world out of depression, and war has since enhanced its reputation
as a spur to economic growth. Some even suggest that capitalism needs wars,
that without them, recession would always lurk on the horizon.
Today, we know that this
is nonsense. The 1990s boom showed that peace is economically far better than
war. The Gulf war of 1991 demonstrated that wars can actually be bad for an
economy.
Stiglitz has also said
that this decade’s Iraq war has been very bad for the economy.
See this, this andthis.
This is a no-brainer, if
you think about it.
We’ve been in
Afghanistan for almost twice as long as World War II. We’ve been in
Iraq for years longer than WWII. We’ve been involved in 7 or 8 wars in the last decade. And yet still in a depression.
(And see this).
If wars really helped
the economy, don’t you think things would have improved by now?
Indeed, the Iraq
war alone could end up costing more than World War II. And given the other
wars we’ve been involved in this decade, I believe that the total price tag for
the so-called “War on Terror” will definitely support that of the “Greatest
War”.
The New Republic noted in 2009:
Conservative Harvard
economist Robert Barro has argued that increased military spending during
WWII actually depressed other parts of the economy.
Also from the right,
Robert Higgs has done good work showing that military spendingwasn’t the primary source of the recovery
and that GDP growth during WWII has been “greatly exaggerated.”
And from the left, Larry
Summers and Brad Delong argued back in 1988 that “five-sixths of the decline in output
relative to the trend that occurred during the Depression had been made up
before 1942.”
Economist James
Galbraith has shown that war
always causes inflation, which hurts the average American:
Inflation applies the
law of the jungle to war finance. Prices and profits rise, wages and their
purchasing power fall. Thugs, profiteers and the well connected get rich. Working
people and the poor make out as they can. Savings erode, through the unseen
mechanism of the “inflation tax” — meaning that the government runs a big
deficit in nominal terms, but a smaller one when inflation is factored in.
(Ben Bernanke says
that inflation
is a tax, and Dylan Grice notes that inflation causes societies to prosecute
minorities. And – sorry – but we can’t inflate our way out of our debt
trap.)
As I noted last year:
All of the spending on
unnecessary wars adds up.
The U.S. is adding trillions
to its debt burden to finance its multiple wars in Iraq, Afghanistan, Yemen,
etc.
Two top American
economists – Carmen Reinhart and Kenneth Rogoff – show that the more indebted a
country is, with a government debt/GDP ratio of 0.9, and external debt/GDP of
0.6 being critical thresholds, the more GDP growth drops materially.
Specifically, Reinhart
and Rogoff write:
The relationship between
government debt and real GDP growth is weak for debt/GDP ratios below a
threshold of 90 percent of GDP. Above 90 percent, median growth rates fall by
one percent, and average growth falls considerably more. We find that the
threshold for public debt is similar in advanced and emerging economies…
Indeed, it should be
obvious to anyone who looks at the issue that deficits do matter.
A PhD economist [Michel
Chossudovsky] told me:
War always causes
recession. Well, if it is a very short war, then it may stimulate the economy
in the short-run. But if there is not a quick victory and it drags on, then
wars always put the nation waging war into a recession and hurt its economy.
You know about America’s
unemployment problem. You may have even heard that the U.S. may very well have
suffered a permanent destruction of jobs.
But did you know that
the defense employment sector is booming?
As I pointed out in August, public sector spending – and
mainly defense spending – has accounted for virtually all of the new job
creation in the past 10 years:
The U.S. has largely
been financing job creation for ten years. Specifically, as the chief economist
for BusinessWeek, Michael Mandel, points out, public spending has accounted for
virtually all new job creation in the past 10 years:
Private sector job
growth was almost non-existent over the past ten years. Take a look at this
horrifying chart:
http://www.businessweek.com/the_thread/economicsunbound/archives/longjobs1.gif
Between May 1999 and May
2009, employment in the private sector sector only rose by 1.1%, by far the
lowest 10-year increase in the post-depression period.
It’s impossible to
overstate how bad this is. Basically speaking, the private sector job machine
has almost completely stalled over the past ten years. Take a look at this
chart:
http://www.businessweek.com/the_thread/economicsunbound/archives/longjobs2.gif
Over the past 10 years,
the private sector has generated roughly 1.1 million additional jobs, or about
100K per year. The public sector created about 2.4 million jobs.
But even that gives the
private sector too much credit. Remember that the private sector includes
health care, social assistance, and education, all areas which receive a lot of
government support.
***
Most of the industries which
had positive job growth over the past ten years were in the HealthEdGov sector.
In fact, financial job growth was nearly nonexistent once we take out the
health insurers.
Let me finish with a
final chart.
http://www.businessweek.com/the_thread/economicsunbound/archives/longjobs4.gif
Without a decade of
growing government support from rising health and education spending and
soaring budget deficits, the labor market would have been flat on its back.
Indeed, Former Secretary
of Labor Robert Reich lamented last year
America’s biggest — and
only major — jobs program is the U.S. military.
Back to my essay:
Raw Story argues that
the U.S. is building a largely military economy:
The use of the
military-industrial complex as a quick, if dubious, way of jump-starting the
economy is nothing new, but what is amazing is the divergence between the
military economy and the civilian economy, as shown by this New
York Times chart.
In the past nine years,
non-industrial production in the US has declined by some 19 percent. It took
about four years for manufacturing to return to levels seen before the 2001
recession — and all those gains were wiped out in the current recession.
By contrast, military
manufacturing is now 123 percent greater than it was in 2000 — it has more than
doubled while the rest of the manufacturing sector has been shrinking…
It’s important to note
the trajectory — the military economy is nearly three times as large,
proportionally to the rest of the economy, as it was at the beginning of the
Bush administration. And it is the only manufacturing sector showing any
growth. Extrapolate that trend, and what do you get?
The change in leadership
in Washington does not appear to be abating that trend…[121]
So most of the job
creation has been by the public sector. But because the job creation has been
financed with loans from China and private banks, trillions in unnecessary
interest charges have been incurred by the U.S.And this shows military versus
non-military durable goods shipments:
http://marketoracle.co.uk/images/2010/Jan/us-collapse-18-11.gif
[Click here to view full image.]
So we’re running up our
debt (which will eventually decrease economic growth), but the only jobs we’re
creating are military and other public sector jobs.
PhD economist Dean
Baker points out that America’s massive
military spending on unnecessary and unpopular wars lowers economic
growth and increasesunemployment:
Defense spending means
that the government is pulling away resources from the uses determined by the
market and instead using them to buy weapons and supplies and to pay for
soldiers and other military personnel. In standard economic models, defense
spending is a direct drain on the economy, reducing efficiency, slowing growth
and costing jobs.
A few years ago, the
Center for Economic and Policy Research commissioned Global Insight, one of the
leading economic modeling firms, to project the impact of a sustained increase
in defense spending equal to 1.0 percentage point of GDP. This was roughly
equal to the cost of the Iraq War.
Global Insight’s model
projected that after 20 years the economy would be about 0.6 percentage points
smaller as a result of the additional defense spending. Slower growth would
imply a loss of almost 700,000 jobs compared to a situation in which defense
spending had not been increased. Construction and manufacturing were especially
big job losers in the projections, losing 210,000 and 90,000 jobs,
respectively.
The scenario we asked
Global Insight [recognized as the most consistentlyaccurate forecasting company in the world] to model turned
out to have vastly underestimated the increase in defense spending associated
with current policy. In the most recent quarter, defense spending was equal to
5.6 percent of GDP. By comparison, before the September 11th attacks, the
Congressional Budget Office projected that defense spending in 2009 would be
equal to just 2.4 percent of GDP. Our post-September 11th build-up was equal to
3.2 percentage points of GDP compared to the pre-attack baseline. This means
that the Global Insight projections of job loss are far too low…
The projected job loss
from this increase in defense spending would be close to 2 million. In other
words, the standard economic models that project job loss from efforts to stem
global warming also project that the increase in defense spending since 2000
will cost the economy close to 2 million jobs in the long run.
The Political Economy
Research Institute at the University of Massachusetts, Amherst has also shown that non-military spending creates
more jobs than military spending.
So we’re running up our
debt – which will eventually decrease economic growth – and creating many fewer
jobs than if we spent the money on non-military purposes.
As I wrote last year:
It is ironic that
America’s huge military spending is what made us an empire … but our huge
military is what is bankrupting us … thus destroying our status as an empire.
Even Admiral Mullen
seems to agree:
The Pentagon needs to
cut back on spending.
“We’re going to have to
do that if it’s going to survive at all,” Mullen said, “and do it in a way that
is predictable.”
Indeed, Mullen said:
For industry and
adequate defense funding to survive … the two must work together. Otherwise, he
added, “this wave of debt” will carry over from year to year, and
eventually, the defense budget will be cut just to facilitate the debt.
Former Secretary of
Defense Robert Gates agrees as well. As David Ignatius wrote in the Washington Post in May:
After a decade of war
and financial crisis, America has run up debts that pose a national security
problem, not just an economic one.
***
One of the strongest
voices arguing for fiscal responsibility as a national security issue has been
Defense Secretary Bob Gates. He gave a landmark
speech in Kansas on May 8, invoking President Dwight Eisenhower’s warnings
about the dangers of an imbalanced military-industrial state.
“Eisenhower was wary of
seeing his beloved republic turn into a muscle-bound, garrison state —
militarily strong, but economically stagnant and strategically insolvent,”
Gates said. He warned that
On Thursday the defense
secretary reiterated his pitch that Congress must stop shoveling money at the
military, telling Pentagon reporters: “The defense budget process should no
longer be characterized by ‘business as usual’ within this building — or outside
of it.”
While some might want to
start another war,
Indeed, military
strategists have known for 2,500 years that prolonged wars are disastrous.
Note 1: Security experts
– conservative hawks and liberal doves alike – agree that waging war in the
Terrorism – in turn –
terrorism is bad for the economy. Specifically, a study by Harvard and the National Bureau of Economic Research
(NBER) points out:
From an economic standpoint,
terrorism has been described to have four main effects (see, e.g.,
The Harvard/NBER
concludes:
In accordance with the
predictions of the model, higher levels of terrorist risks are associated with
lower levels of net foreign direct investment positions, even after controlling
for other types of country risks. On average, a standard deviation increase in
the terrorist risk is associated with a fall in the net foreign direct
investment position of about 5 percent of GDP.
So the more unnecessary
wars American launches and the more innocent civilians we kill, the less
foreign investment in America, the more destruction to our capital stock, the
higher the level of uncertainty, the more counter-terrorism expenditures and
the less expenditures in more productive sectors, and the greater the hit to
tourism and some other industries.
Terrorism has
contributed to a decline in the global economy (for example, European
Commission, 2001).
So military adventurism
increases terrorism which hurts the world economy. And see this.
Note 2: True conservatives are anti-war.’
SPX and NDX Update: A Disturbing Look at Fundamentals, and the
Rally Explained Jason Haver Oct
31, 2011 ‘John Mauldin, whom I have a great
deal of respect for, put forth a very convincing and enlightening argument
this weekend (see European Summit: A Plan With No Details.)
I'm going to try to summarize his argument as succinctly as possible, but do
note that the credit for this information goes to
him.
Don’t
count on us to help you out of your single-currency hole, China tells Europe
UK Daily Mail | The decision to ask China for cash was seen as a watershed
moment in the shift of economic power.
Graham
Summers’ Weekly Market Forecast (Wake Up Call Edition) Phoenix Capital... 10/31/2011 The markets flew
into this deal based on rumors and short-covering and are now waking up to the
plain obvious facts that you cannot solve a debt problem with more debt. ‘So
the financial world has collectively woken up and realized that the latest EU
bailout scheme is fraught with problems and loose ends. Amongst the various
problems are:
1) The Greek
private bondholders are furious that the ECB isn’t taking a haircut on its
bonds too.
2) German
courts and voters aren’t too pleased with Merkel’s decision to go “all in” on
the Euro experiment.
3) The Greek
default isn’t nearly large enough to render Greece solvent again
4) The
default has set a precedent for the other PIIGS countries to follow
5) The CDS/
derivative issue regarding Greece’s default is not over by any stretch
6) The
entire EU banking system remains far too leveraged (26 to 1) and needs another
$1.5+ trillion in capital at the minimum.
The markets flew into
this deal based on rumors and short-covering and are now waking up to the plain
obvious facts that you cannot solve a debt problem with more debt. Also, it might
be worth considering just where
the EFSF bailout money will be coming from when various EU members can’t even
stage successful bond auctions without the ECB stepping in.
Again, the primary issue
for the EU is a lack of capital. There is TOO MUCH debt there. And issuing more
debt, no matter how cheap, is not going to help. Especially when your strongest
member (Germany) sports a REAL debt to GDP above 200% and hasn’t recapitalized
its banks.
So the EU will be
crumbling in the coming weeks. This was the final hurrah for the EU and the
Euro in its current form. On that note, the Euro was rejected at resistance at
142 and has already taken out support at 140.
http://www.zerohedge.com/sites/default/files/images/user20289/imageroot/2011/10/sc-4.png
Once we take out 139,
look for this breakdown to pick up steam (pulling stocks with it).
http://www.zerohedge.com/sites/default/files/images/user20289/imageroot/2011/10/sc-5.png
Indeed, the financial
world is talking about how this was the biggest move in stocks since 1974.
Unfortunately, few remember that after that move in 1974, the markets cratered.
Some thoughts on stocks…
isn’t it a little strange that
the market fell exactly 20% (the “official” bear market level) before kicking
off the biggest ramp job in 30 years? How about the fact that this move came for
no real reason other than
rumors of another bailout (what are we on #3 for this?).
Can this move really be attributed to Euro choosing to
let Greece default (which is what happened in reality)?
http://www.zerohedge.com/sites/default/files/images/user20289/imageroot/2011/10/sc-7.png
Regardless, stocks were
deflected from resistance at 1,275 or so. They’re now on their way down again.
The market is extremely overbought and susceptible to a fast violent move
downwards.
Indeed, the credit
markets remain jammed up and are anticipating even more haircuts from Greece.
And the rest of the PIIGS will be following suit in the default game.
Ignore stocks, they’re
ALWAYS the last to “get it.” The credit markets are jamming up just like they
did in 2008. The banking system is flashing all the same signals as well.
So if you have not
already taken steps to prepare for systemic failure, you NEED to do so NOW.
We're literally at most a few months, and very likely just a few weeks from
Europe's banks imploding.
What happened in 2008
was literally just the warm up. The REAL DEAL is coming in the next 14 months.
And it’s going to involve corporate, financial, and sovereign defaults…’
You
Won’t BELIEVE How Much Money Jon Corzine Could Walk Away With From MF Global
Business Insider | The big story of the day in finance is the bankruptcy of MF
Global.
China Says Not So Fast On Rescue
http://www.thestreet.com/_yahoo/video/11292710/buy-and-hold-is-dead-buy-and-hedge-instead.html?cm_ven=YAHOOV&cm_cat=FREE&cm_ite=NA&s=1#1250281566001 , MF Global Caught in Death Spiral , Sell
H-P! Against the Grain , Mon 10/31/11
Are Ratings Agencies Taking Bribes? Wall St. Cheat Sheet’October 31, 2011, ‘Credit-rating companies
like Moody’s Investors Service and Fitch Ratings routinely award higher
rankings to debt issued by banks and corporations that pay them the most, a
conflict of interest that Congressional may be unable to do anything about.
Why Last Week's
Euro Fix Won't Do the Trick ETFguide
Simon Maierhofer, On Monday October 31, 2011, ‘The
S&P (SNP: ^GSPC) surged over 3% last Thursday. Why? In a financial episode
that starts to look more and more like the 1993 movie Groundhog Day, European
leaders once again received credit for engineering this rally.
More specifically, the
euro-zones three-pronged approach to fix the debt crisis was viewed by the
market as the cure to all problems.
However, a closer look
at the Brussels salvation plan reveals nothing but flaws. So why did stocks
rally and will the rally last?
3 Steps to Save
Europe
Here's the plan outlined
by European leaders last Thursday:
1) Private investors
agree to a 50% haircut on their Greek bond holdings.
2) The European
Financial Stability Facility (EFSF) will be increased to $1.4 trillion.
3) European banks need
to bring their Tier 1 capital ratios up to 9%.
3 Problems of the 3
Steps to Save Europe
1) Private sector
creditors such as insurers, banks, and funds are expected to take losses of
about $140 billion on Greek bonds. To protect against such losses, large
institutions tend to buy credit default swaps (CDS). CDS act like insurance.
However, since Greece
did not technically default, the International Swaps and Derivatives
Association (ISDA) is unlikely to consider the restructuring an event that will
trigger CDS payouts.
In other words, CDS (the
insurance policy of choice for financial conglomerates) won't pay. This could lead
to an implosion of the sovereign CDS market. This in turn would severely reduce
demand for government bonds. Who wants to buy risky bonds knowing that the
'insurance company' won't pay?
2) The EFSF was funded
with about $616 billion. About $266 billion have already been spent or
earmarked; so about $350 billion remain to be spent. Who will contribute the
$1.05 trillion to attain the targeted $1.4 trillion? Nobody.
The remaining $350
billion will be leveraged 4-5 times to produce the $1.4 trillion leveraged
figure. Leveraged how? This has yet to be determined.
3) European banks -
along with U.S. banks (NYSEArca: KBE
- News) and financial
institutions (NYSEArca: XLF
- News) are already cash
strapped. Bringing up their Tier 1 capital ratio will probably turn into a
financial engineering exercise as raising actual cash - especially in Europe -
is difficult…’
U.S.
and Europe … “Self-Induced Stagnation,” says Economist Editor The Daily Ticker
Markets
Remain in Cyclical Bear Market Kevin
Tuttle ‘
“Don’t be afraid of missing opportunities. Behind every failure is an
opportunity someone wishes they missed.”–Lily Tomlin
Is It Foolish to
Get Excited About the Latest Deal to Save Europe? ETFguide http://finance.yahoo.com/news/Is-It-Foolish-to-Get-Excited-etfguide-2444921710.html?x=0&.v=1 Simon Maierhofer, On
Thursday October 27, 2011 ‘Before you get excited about the last minute
Euro-Deal, consider this:
Wall Street has been
dancing to Greece's (and by extension Europe's) whistle. If Greece says 'jump,'
Wall Street jumps, if Greece says 'Sorry, false alarm,' Wall Street cries.
This sorry dance has
been going on for nearly two years. Like an endless loop of chicken dance, this
may be fun at first (about 2 minutes) but gets old real fast. If you are tired
of Wall Street's 'chicken dance coverage' and want to know what's really going
on and how to make money (or protect your assets), here's a no nonsense
assessment of Europe.
Greece - Fool Me
Once ...
Fool me once, shame on
Greece, fool me twice, shame on me. Greece has been the scapegoat for every
major sell off and catalyst for most rallies and dead dog bounces since January
2010.
Shame on you if you
think everything's going to be hunky-dory just because Greece and/or its
European pretend-to-be saviors announce another plan to come up with a plan.
The Problem
Here's the problem:
Greece is broke and Greece has no significant revenue sources to pay off its
debt. Foreign investors own about $385 billion worth of Greek government debt.
Many banks and
governments that own Greek debt are at the brink of insolvency already, so
Greece's inability to pay its debt may push other countries and their banks
into a Greece-like position (that's called contagion).
Misleading
Information
You can't trust
statements from European officials because they are trying to prevent panic.
Panic will make any kind of solutions more expensive and more difficult to
execute.
Luxembourg's Prime
Minister (also Chairman of regular eurozone meetings) blatantly admitted that:
'When it becomes serious, you have to lie.'
Obviously no political
leader wants the eurozone to fall apart on their watch, so they pretend and
extend and kick the can down the road far enough for it become someone else's
problem (someone else will inevitably include rosy-eyed investors).
This postpones the inevitable,
but the portfolios of investors who are faithful enough to trust such
assessments suffer a death of thousand cuts. Just imagine where your portfolio
would be if you sold everything when Greece first announced it had some 'minor'
fiscal problems. Like tearing a bandage off a hairy leg, slower is more
painful.
You also can't trust the
media because they profit from sensationalist headlines, not sound investment
advice. If that means they have to spoon-feed a consistent diet of 'Stocks
bounce on hopes for a Europe fix' followed by 'Stocks plummet on fears over
Europe,' then that's what they'll do. Fortunately we can choose not to partake
from the junk food dished out by the media.
On a different note,
have you noticed how bad news (such as downgrades) is reported after the close
(particularly Fridays), while good news (or even just good rumors) are reported
while the markets are open.
The (Only?) Plan
Let's just be realistic
and just admit that Greece is as good as bankrupt. The country just doesn't have
enough income to pay its debt load and keep the country functioning properly
without outside financial support.
Eventually Greece's
saviors will realize that this is a leaky bucket-like money pit. A sudden and
unprepared Greek bankruptcy would shatter the eurozone unless Greece is
quarantined first. The goal here would be to sequester ripple effects that
would cripple Italy, Belgium, Portugal, Spain and whoever else is hiding in the
closet.
Doing this wouldn't be
cheap. To prepare for a such a quarantine (which is a more diplomatic term than
ejection) from the eurozone, Europe (via the EFSF) would have to prepare and
fund a fund that can pay for:
1) Defaulting Greek
government debt
2) Shoring up banks that
won't qualify for inter-bank credit
2) Make sure Italy and
the next dominos in line are safe
Statfor Global
Intelligence estimates the price tag to be about - drum roll - $3 trillion. The
chart below visually explains the above-described process. Can Europe scrape
together $3 trillion?
https://www.etfguide.com//contributor/UserFiles/8/Image/Greek%20Domino.gif
Doomed if You Do,
Doomed if You Don't
I don't think it matters
much, because the above plan doesn't take into account human emotions, panic,
in particular. European banks' deposits at the European Central Bank (ECB) have
already mushroomed. This means that already one bank doesn't trust another bank
with their money.
The combination of
liquidity drying up and assets imploding is a lethal one. What about those
saying 'Things aren't that bad.'
Just consider Dexia.
Dexia pased the European bank stress test with flying colors but still had to
be rescued. Dexia is supposed to be rescued partially by the country of
Belgium, but Belgium's national debt is already 100% of GDP. Depending on
Dexia's actual losses, Belgium's national debt may soar to 120% of GDP just by
having to bail out one bank. Do you know how many banks there are in Europe?
How To Make (or
Protect Your) Money
The ETF Profit Strategy
Newsletter doesn't specialize on European coverage, but it's provided some much
needed common sense. On March 18, 2010 it stated that: 'Until now financial
problems in various European countries have been minimized and swept under the
carpet. The sub-prime crisis took more than a few weeks to rattle Wall Street.
Chances are the investing world will need a bit more time to catch on to what
really is happening with sovereign debt overseas.'
On July 17, the ETF
Profit Strategy Newsletter recommended to short the iShares MSCI EAFE and
iShares MSCI Emerging Markets (NYSEArca: EEM - News). Over the next couple
weeks, EFA lost 22% and EEM 39%.
Under the headline
'Prepare for Bottom Fishing,' the newsletter recommended on September 23 to
prepare for a market bottom and stated that: 'European stock market may get
some relief over the next weeks/month. The same is true for EFA and EEM. Those
markets are temperamental and will therefore bounce higher than U.S. stocks
when the rally materializes. Aggressive investors may add some
European/emerging or BRIC market exposure to their portfolio once we start buying
U.S. stocks.'
We bought U.S. stocks on
October 4 at S&P 1,088. The October 2 ETF Profit Strategy update outlined
the ideal market bottom as follows: 'The ideal market bottom would see the
S&P dip below 1,088 intraday followed by a strong recovery and a close
above 1,088' and recommended to buy as soon as the S&P moved back above
1,088.
The The October 14 ETF
Profit Strategy update stated the following price target: 'The S&P should
rally to 1,255 - 1,xxx (reserved for subscribers).
The S&P (SNP:
^GSPC), Dow Jones (DJI: ^DJI) and Nasdaq (Nasdaq: ^IXIC) are up well over 17%,
the VIX (Chicago Options: ^VIX) down over 80% since. The Vanguard MSCI Europe
ETF (NYSEArca: VGK - News) is up nearly 30% while Wall
Street is scratching its head over what just happened. How could the S&P
soar 200 points in three weeks?
What's Next?
It would be naive to get
excited about the latest euro news. 'Once burnt twice shy' wouldn't be a bad
approach now and long positions should be kept on a tight leash. Sentiment and
seasonality suggest higher prices, however technicals are in topping mode.
Today's intraday ETF Profit Strategy Newsletter update provides detailed
recommendations on how to navigate this market constellation along with an
out-of-the box analysis and actionable ETF profit strategies.’
Global
Financial Crisis: Now in Game Form The Wall Street Journal
First off, let’s call
this for what it is: a default on the part of Greece. Moreover it’s a default
that isn’t big enough as a 50% haircut on private debt holders only lowers
Greece’s total debt level by
22% or so.
Secondly, even after the
haircut, Greece still has Debt to GDP levels north of 130%. And it’s expected to bring these levels to 120% by
2020.
And the IMF is giving
Greece another $137 billion in loans.
So… Greece defaults… but
gets $137 billion in new money (roughly what the default will wipe out) and is
expected to still be insolvent
in 2020.
Forgetting that any and
all official estimates for Greece’s financial condition have been off by a
mile, not to mention that Greece still hasn’t paid back its first round of
bailout funds, this move is nothing short of moronic.
The reasons are:
Let’s put some of the
other numbers from this deal into perspective. According to the agreement,
European banks are supposed to raise $147 billion in new capital by June.
Well, German banks alone
need to raise $173 billion in new capital. So… this new capital “requirement”
from the deal is pointless.
Indeed, the European
banking system as a whole is insolvent.
With OVER $46
trillion in assets outstanding, European banks would need to raise $1.77
TRILLION in capital to bring their leverage levels down to 13 to 1.
Yes… $1.7 TRILLION…
Now you see why the
extra $147 billion in new capital is pointless. It’s like pouring a bucket of
water into a desert and expecting it to sprout a jungle.
Folks, let’s get honest
here. This deal accomplishes nothing. It’s just more “kicking the can” to avoid
the reality. The reality is that the entire European Banking system is
leveraged at near Lehman Brothers levels. And European banks need to roll over
between 15-50% of their total debt (depending on which country they’re in) by
the end of 2012. The credit markets know this, which is why they’re predicting
more Greece haircuts in the future. It’s also why IMF has decided to lend
Greece another $137 billion… right as the country defaults.
Ignore this latest pop
in stocks and the Euro. This mess isn’t over… not by a long shot. And before
the smoke clears, much of Euro will be in default/ banking collapses.
So if you have not already
taken steps to prepare for systemic failure, you NEED to do so NOW. We’re
literally at most a few months, and very likely just a few weeks from Europe’s
banks imploding…’
Europe Wallows
In Insolveable Problems Bob Chapman | We address this European issue,
because soon it will debut in the US.
Inflation,
Jobs, and the Artificial Flow of Monetary Policy Minyanville Atlantic
Capital Management Oct 27, 2011 [ This is an incisively astute analysis of the
currently hailed but doomed to be failed strategy now underway! ] ‘While
the stock market (SPY) (QQQ)
continues to pin its hopes on a successful European monetary device in some
esoteric but mildly believable format, complete with willful leveraging, the
economic consequences of such monetary “solutions” continue to indicate the
predictable results of so much intervention in every part of the global
economy. Mainstream economics may still regard the Phillips Curve with
fondness, believing that there is a direct, inverse relationship between
unemployment and inflation, but the empirical economic history shows that it is
a flawed line of thinking that always leads to the opposite result of what was
intended.
If your base economic theory posited that an increase in expectations of inflation
would decrease the rate of unemployment, you would not think twice about using
inflation expectations as a blunt instrument to combat joblessness. That is
what the Federal Reserve has done since 2008, first with its zero interest rate policy (ZIRP) and then two
scaled programs of quantitative easing (QE). While ZIRP and the first QE
were specifically designed to bail out the ailing banking system, the “side
effect” on inflation expectations was an added bonus for a central bank still
deathly afraid of the smallest hint of deflation.
The second QE, “announced” in August 2010, was calculated specifically to increase
inflation expectations. Between that announcement and its actual
implementation in November 2010, the Fed ramped up its PR initiatives with the
expressed aim of convincing the public that the Fed knew what it was
doing. It fully believed(s) that inflation expectations – even increasing
oil prices (see Federal Reserve Board’s Research Paper “Oil Shocks and the Zero
Bound on Nominal Interest Rates” published in September 2010) – were
economically beneficial, and, most importantly, that should inflation begin to
get out of hand, as it had done in the 1970s, it could be turned off in “15
minutes.” Certainly central banks have a very good idea of what their simple
models (even those that are formed by more than two elemental variables) of the
real world may predict, but an utterly complex and human system rarely conforms
to any static statistical distributions, leaving the practitioners of such
academic simplification often unprepared for “unexpected” and “unintended”
results.
The abstract dangers to such a program of intentional inflation, carried out
directly through dollar devaluation, were accepted because the program would,
without a mathematical doubt in the two-variable paradigm of modern economics,
generate increasing employment. Although the theory of the
Phillips Curve would have to be put into practice through some very
unconventional means, there has been little doubt expressed by policymakers
that the economy would not be “saved” by all these monetary machinations.
However, the theoretical notions of inflation psychology, especially expressed
through energy prices, simply did not live up to those Fed-designed
mathematical predictions. Unfortunately, the Fed was very successful in
creating inflation expectations (commodity prices were elevated as early as
November 2010 when QE 2.0 got under way, and had almost reached 2008 levels by
February 2011), but no sustained job growth followed.
It was not as if the principle intended economic effects failed to materialize.
The primary vehicle to carry forward job growth out of inflation expectations
is inventory production. Manufacturing, wholesale and retail operations
(the supply chain) all accumulate inventory based on cost expectations for the
near future. Any increase in commodity prices triggers the accumulation
urge, especially in an environment where businesses are fairly uncertain of
their ability to pass on additional costs to the next level in the supply chain
(or ultimately end users).
That is exactly what we have seen during this recovery period – one
increasingly led by a historic inventory accumulation (though it is fair to say
that the initial inventory buildup occurred because of the large-scale
depletion of inventory stocks during the 2008/09 collapse). The October
2011 durable goods release showed a record
level of inventory accumulation in the manufacturing sector.
While that overall report seemed to indicate better conditions than recently
feared, shipments of
manufactured durable goods actually fell
by 0.7% in the month.
The day before the durable goods report, the Conference Board’s estimation of
consumer confidence fell all the way to 39.8 – a level not seen since May 2009 . The current conditions
component of that survey dropped to an unthinkably low 26.3 (a level reserved
for economies in the midst of contraction). Not surprisingly, one-year
inflation expectations remained elevated at 5.8%, combining the lack of job
growth with those Fed-inspired prices to once again call into question any
real-world notion of a Phillips Curve-like dynamic.
The Fed succeeded in stoking expectations, elongating the inventory cycle, and
then combined the worst aspects of inflation with a lack of success in the
labor market. Where did it all go wrong?
Perhaps the economic orthodoxy of the Federal Reserve and mainstream economics
is simply outdated. The Phillips Curve was questionable even in the
1970s, when inventory cycles moved the whole of the economy. In 2011,
however, manufacturing has so much less of an impact on employment since its
proportion of the overall jobs market has been greatly reduced.
The reduction in the importance of manufacturing itself is a product of dollar
devaluation, now heading into its twelfth year. So any marginal increase
in inventory activity spurred manufacturing levels more in China than
domestically. The increase in inventory levels from domestic sources has
been at the wholesale and retail levels, leading to the “part time” recovery,
where low-level service jobs have been disproportionately high.
The counterweight to that “open” economy dynamic is supposed to be an increase
in domestic exports to offset the trade imbalance (it is not coincidence that
the current administration was explicitly and publicly aiming to “double”
exports within five years). But the US has developed a system of
recycling trade money into various forms of asset claims, whereby the sustained
trade imbalance and current account deficit is simply maintained through asset
prices and debt issuance.
During the last decade imported goods filled almost the entirety of marginal
consumption, meaning US dollars flowed overseas in abundance (hundreds of
billions a year). If those dollars had been returned in reciprocal,
bilateral trade, there would be no issue. Instead, those trade dollars
were repatriated largely by foreign central banks as official reserves being
invested in US government debt – especially debt issued by the
government-sponsored enterprises Fannie and Freddie. In other words, this
structural trade imbalance was one of the primary
drivers of the housing bubble . Even private sector inflows
of repatriated dollars tended to end up in some form of government debt, rather
than the more beneficial direct investment.
To close the loop of monetary flow to consumers (remember that an economy is
supposed to be a system of sustained and broadening monetary flow), the
recycled trade dollars flowing into GSE debt helped push up the price of real
estate, allowing households to finance consumption through debt-based housing
equity withdrawals rather than wage or earned income that would have come from a
true bilateral trade regime.
The service economy that
grew in response to this artificial loop was dangerously dependent on the
continued success of the “financial” economy and its continued leakage into the
real economy through housing. This encompasses a whole range of industries,
from finance, real estate and insurance, to business services and even
construction. These sector job markets grew as the backbone of what
little wage growth did occur in the last decade, but they were completely dependent
on the artificial and indirect flow of money into prices (the “wealth
effect”). Without revisiting the price dynamics of the period, these
artificial engines of unsustainable growth cannot repeat their “success” in
2011.
A sustainable system of economic flow, even in an open environment, would have
seen trade dollars returned to the US as demand for US-produced goods (where US
workers would have been hired to produce them, closing the trade loop back into
earned income). However, monetary urges within the Fed to desperately
counteract the potential deflationary consequences of the bursting tech bubble
made the system a willing participant in the artificial, marginal debt trade
system. The Fed, abandoning its role as money supply officiant, gladly accepted
the system as it was since it coincided exactly with its monetary policy’s
short-term goals of avoiding having to pay the piper of the dot-com fiasco.
When the housing bubble finally collapsed, starting in 2006, the loop of
economic flow of trade dollars back to consumers through home equity was
broken, slowly at first. It is not coincidence that corporate
profitability began to decline and marginal economic expansion began to slow in
the middle of 2006. It has not been since repaired, as marginal consumption
still annoyingly flows overseas. Worse, though, marginal production that
does remain domestically is acutely susceptible to the rising input costs of
dollar devaluation, disproportionately impacting smaller businesses.
So the current economy has no solution to recycle the marginal trade dollars
back to households (it currently flows into “regular” US government debt, which
does see some money get to households in the form of transfers such as
unemployment insurance and food stamps, but far more simply finances the
ongoing deficit). On top of that, the rest of the economy is unable to
simply absorb the cost increases that come with intentionally creating
inflation expectations. The first part of the Phillips Curve “plan”
(inflation) worked without kicking off the second (reduced unemployment), where
half a success really is a whole failure.
Without a sustained and intentional effort to remove incentives to produce
overseas, the trade imbalance will continue to be a drag on marginal economic flow.
Further, without finding a way to close the loop of marginal flows through
import production, even artificially through another asset bubble, the
inflation expectations that are created will just be a further drag without any
chance for a positive offset.
So companies like Google (GOOG) and Apple (AAPL)
can still do relatively well in their bottom lines, but unless they begin to
commit a large portion of their built-up cash balances for some kind of
domestic capex program, they do not really enhance the wider economic prospects
of marginal beneficial flow through wages. Companies like Caterpillar (CAT)
are at least investing in capex, but so much of their positive results flow
from the trade imbalance and dollar devaluation dynamic that it makes little
sense for them to do it domestically (outside of the gratuitous stock buyback
program that does nothing for employment).
The monetary system of incentives built up by ZIRP (which would recycle money
into the hands of savers to spend, but is instead a tax on them in favor of
rebuilding bank equity) and QEs is exactly the opposite of what is
needed. Instead of promoting incentives for companies that are doing well
to expand production overseas, or to use their growing stockpiles of cash
resources on financial engineering instead of actual engineering, the economic
system needs to repair itself through less artificial and more sustainable
avenues. Unemployment can remain high right alongside inflation if there
is no closed marginal loop of monetary flow from businesses to
households/consumers and back to businesses. What really matters is the
path that marginal dollars take in fostering actual economic activity.
At the very least, the Fed should try not to make things worse by pushing
inflation expectations in the first place without a better idea of exactly how
to recreate a healthy system of monetary flow primarily through wages. But
that would require them to not only re-examine the Phillips Curve, but also
their misguided commitment to the ephemeral “wealth effect.” After all,
rising artificial asset prices is just another form of inflation, something we
have had enough of through these last two historic asset bubbles.
Editor's Note: For additional commentary, visit the website of Atlantic Capital
Management.’
A
Dysfunctional System That Bankrupts A Generation Wolf Richter | At fault is the system
itself.
Dave’s Daily:
http://www.etfdigest.com ‘The good
news is there’s a plan. The bad news is we don’t really have the details pinned
down as noted HERE.
More good news is this stock market rally, should it hold Monday, will mark the
largest in the last quarter century if records make for good news. Make of it
what you will but shorts have been squeezed out of whatever positions they
maintained. That might in itself be bad news. The pressure to make a deal was
very high. After all, if the banks didn’t (and still haven’t actually) accepted
a “voluntary” restructuring of Greek debt, the an “involuntary” event would
mean default. This would in turn trigger CDS (Credit Default Swaps) activity
which counter-parties probably could not pay. Contagion would burn through the
financial system creating chaos. This is why the FT article from above is so
interesting and worrisome.Where will the firepower come from to push stock
markets higher given the high rate of equity fund redemptions over the past
three years? The last I checked equity mutual fund cash balances were only
3.4%). No, juice for bulls will come from private investors with managed funds
switching from bonds to stocks. The other source for buying is from the usual
suspects—hedge funds, trading desks and HFTs.Bonds did sell-off as switching to
equities and more risk was apparent. On the other hand, commodities rallied as
authorities have chosen inflation (no surprise here) over deflation. It’s
easier to do politically if you don’t care about succeeding generations. Gold,
silver, base metals, energy and most commodities rose sharply as a result. You
want to pay more for stuff don’t you? That’s the trade-off when pursuing
Keynesian policies and big government.Economic data Thursday was shrugged-off
as the two problem areas Jobless Claims (still over 400K) and Pending Home
Sales (-4.6% vs unchanged expected) continued to struggle. GDP data was reported
at 2.5% growth matching expectations and vs 1.3% previous. Most of the growth
there was from consumer spending the bulk of which was in the computer category
(iGadgets?).Meanwhile, Bloomberg’s Personal Consumer Consumption vs Confidence
clearly displays the disconnect between the two:
http://i238.photobucket.com/albums/ff171/flyfry/new%20album/10271-1.jpg
Earnings reports, if any
mattered vs the news, were good overall led by Exxon Mobil (XOM), Aflac (AFL),
Akami Technologies (AKAM) and Aetna (AET) to name a few. The biggest winners on
the day had been the worst performing sector previously—financials. There, bank
stock prices were higher across the board.The stock market is at least
short-term overbought as the trusty daily McClellan Oscillator ($NYMO) reveals
at the end of this posting. Remember this was the case on Monday and then we
had Tuesday’s massive sell-off, remember?? Volume was high on this epic rally
while breadth per the WSJ probably was a 90/10 day…’
Broken
promises, brazen deceit, utter contempt for the electorate – why there MUST be
an EU referendum Daily Mail
| As Greece burns, British government are not keen on letting voters decide on
EU membership
THE DEVIL IS IN THE
DETAILS AND THE DATA Peter Spiegel in
Brussels 10-27-11 http://www.ft.com/intl/cms/s/0/ab7bcd58-00b6-11e1-8590-00144feabdc0.html#axzz1c0eTn2fl ‘…By cutting in half the face value of the
estimated €200bn in Greek bonds in private hands, officials have taken a far
more aggressive stance in reducing Greece’s overall debt levels than they did
three months ago, a move long called for by outside analysts. But such swinging
cuts are also dependent on almost all Greek bondholders agreeing to participate
in the plan. Unlike the July deal, which set a target at 90 per cent
participation, Thursday’s plan includes no such target. In addition, by taking
such big up-front haircuts, European officials threaten the very solvency of
the largest single holders of Greek debt – Greek banks, which hold about €50bn
in sovereign Greek bonds. A senior EU official said €30bn of the new €130bn rescue
package must go to bailing out Greek banks – a €10bn increase from July…’
Economic
reform: MPs swap punches, insults in Italian parliament over pension reforms
Mail Online |
Berlusconi TV interview causes rival MPs grab each other by the throat, as
group of school children watch
After today's ridiculous
move in the market, which brings back memories of either August 2007, March
2008, the reaction after the Tarp vote (the successful one), August 2011, when
the market gyrated by 400 points on a daily basis, and many more bear market
rallies, we hope to restores some semblance of normalcy by presenting the
following series of clips all from Hugh Hendry speechs at the LSE's Alternative
Investments Conference earlier this year. Must watch, because when everyone
loses their mind, listening to some common sense is the best remedy.
S&P
Chart: A Sucker's Rally?Zacks
Durable
Goods Fall As Expected, Market Rallies More The Wall Street Journal
Stocks Are Approaching A Brick Wall
http://markets.financialcontent.com/stocks/news/read?GUID=19799840 ChartProphet
submit: The majority of the world is either optimistic or unsure about the
future of the global economy. But with so many hurdles in the way and warning
signals that point to a slowing, if not collapsing, global economy, the prudent
and rational investor would be extremely wise by protecting his or her portfolio
if not pulling out of stocks completely. Fake Rally/Dead Dog Bounce After
essentially crashing from late 2007 to early 2009 and losing nearly 60% of its
value, the stock market (as represented by the S&P 500) bounced back and
more than doubled from March 2009 to early May 2011. However, even though the
“recovery” powerfully carried stocks back toward the 2007 all-time highs, the
stock market failed to make new highs . The failure to make new highs is a
warning sign that we have yet to truly recover, regardless of the relative
improvements since the depths of…
Investors
Still Dumping Stock Funds, Even As Stocks Rallyat The Wall Street Journal
Operation
Twist Does Nothing for the Real Economy
Minyanville
Parallels to The
Great Depression Suggest Higher Prices Followed by a Bust ETFguide Simon Maierhofer, October 25, 2011 ‘They say everything is bigger and
better in Texas. Simon says, everything is bigger and 'badder' (as in worse) on
Wall Street today, than 85 years ago.
Despite all the
parallels that exist between today and the Great Depression, there is one
factor that just doesn't match up - time. The Great (post-2007) Recession has
already lasted longer than the 1929 - 1932 market meltdown.
If you focus merely on
elapsed time, you can reach two conclusions:
1) Either there is no
parallel, or the 2007 bear market is over.
2) The 2007 bear market
will be more intense and last longer than the 1929 - 1932 parallel.
A look at the pattern
and shape of the post-1929 and post-2007 declines along with the sentiment that
accompanied major events within both periods, suggest that we are in a monster
version of the Great Depression with the next leg down not too far away.
It Can't Happen
Again - Think Again
I've often heard that
the Great Depression can't happen again because we are no longer on the gold
(NYSEArca: GLD - News) standard. The absence of
the gold standard now allows the Federal Reserve to print their way out of any
recession.
That is true; the Fed
can now print unlimited amounts of money. However, the non-existent gold
standard is a double-edged sword. Just as it enables the Fed to print money
(which the Fed has done for decades), it has enabled a massive leveraged
bubble.
It's this unbridled (by
the gold standard) leveraged frenzy that created a huge financial (NYSEArca: XLF - News) leverage bubble. The
Federal Reserve attempted to fix the bubble's consequences with a new bubble,
the QE2 bubble.
Regarding the QE2
bubble, the May ETF Profit Strategy Newsletter stated that: 'The Fed is fueling
a new bubble to combat the damage left behind by the previous one. Once
punctured, bubbles tend to deflate quickly.' Deflate it did. The S&P lost
296 points from the May 2 high to the October 4 low. The 'liberty' of an
unbridled currency did not prevent the decline.
Sentiment Parallels
Here's where the parallels
between the Great Depression stock market meltdown and the post-2007 decline
become interesting.
Both declines saw an
initial leg down followed by the mother of all counter trend rallies. The
1929/30 counter trend rally lasted a little more than five months and retraced
62% of the previous decline. The 2009-11 counter trend rally retraced 86% of
the previous decline (based on the Dow Jones Industrial Average).
Here are some newspaper
headlines that appeared in April 1930 towards the end of the biggest sucker
rally, so far:
'The outlook is
favorable' - Harvard Economic Society
'The depression is over'
- Herbert Hoover
'There is nothing in the
situation to be disturbed about' Andrew Mellon, Treasury Secretary
'Wall Street was in a
cheerful frame of mind as a result of numerous vague reports of improvements in
business and industry' - Wall Street Journal
Following this brief
flash of confidence, the Dow tumbled 10% within two and a half months.
Interestingly, this second major leg of the bear market kicked off in April.
Fast-forward 81 years to
April 2011 and we read the following headlines:
'Global economy is
improving' - GE CEO Immelt
'Sales growth the
biggest surprise on Wall Street' - Wall Street Journal
'Equities finally seeing
light on the economy' - MarketWatch
Just when Wall Street
thought the bear market was over, the S&P (SNP: ^GSPC) delivered a six
month, 20% drop. The Dow (DJI: ^DJI), Nasdaq (Nasdaq: ^IXIC), and Russell 2000
(Chicago Options: ^RUT) followed suit.
Technical
Similarities
The chart below compares
the Dow's performance of 1928 - 32 to that of 2007 - 11. It took a break below
trend lines in 1929 and 1930 to kick off powerful declines.
https://www.etfguide.com//contributor/UserFiles/8/Image/Great%20Depression%2010%2025%2011.gif
It also took a break
below trend lines in 2008 and 2011 to unleash massive bearish forces…’
STOCKS
TANK BEFORE EU MEETING THAT EVERYONE EXPECTS TO FAIL: Here's What You Need To
Know Business Insider [ No …this is
not quite correct … the point being there’s nothing they can do to make it
(other than the meeting itself) succeed!
Investors'
Number One Worry: Europe Posed to Bring Down Global Economy Minyanville [
Riiiiight! Europe following the ‘american way’ of ‘insurmountable debt, funny money and wall
street fraud, and throw in a destructive, wasteful war or two or three’ is ‘ the one’ … to reiterate: America’s
debt woe is worse than Greece’s News
(CNN) — ‘Our government is utterly broke. There are signs everywhere one
looks…The government’s total indebtedness is $211 trillion’ ] Lloyd Khaner Oct
25, 2011 ‘It's all Europe all the time as the market macro trade risks on and
risks off, depending on the daily 3 p.m. news leaks from across the Atlantic…
QE: Is “Operation
Twist” working? I don’t know. What I do know is
that when we need more juice, it will morph into “Operation Twist and Shout!”
US ECONOMY: The Fed’s
Beige Book, anecdotal information on current economic conditions in 12
districts around the country, says some areas are improving a bit while others
are weakening a bit. This useless, wishy-washy information brought to you by
your good friends at US Govt. Inc.
UNEMPLOYMENT: In a
holding pattern. Unfortunately at very high levels.
INVESTOR SENTIMENT:
Turned off, tuned out, dropped dead.
HOUSING CRISIS: I’m
getting tired of writing about this; you’re getting tired of reading about
this. And as Grandpa Max used to say, “You can both go
suck a lemon.” (Or, tough nuggies on us.)
INFLATION: The
inflation rate in the UK pops through 5%. God save the Queen…and Europe if this
rate makes it across the Channel/Chunnel.
CRISIS OF CONFIDENCE:
Still have plenty more gates available in US presidential race if anybody wants
to get in. Anybody…Anybody…ANYBODY!?!
EUROPEAN ECONOMY: You
know things are bad when the economists take solace in the “local markets”
(read: “black markets”) holding up well enough to keep things from collapsing.
THE EUROPEAN UNION: Oh!
In the name of regurgitated commercial clap-trap… “Where’s the beef?”
US CONSUMER CONFIDENCE:
Dropping “like a rock….”
SOVEREIGN DEBT: Still
too much leaven in this rising cake.
POLICY MISTAKE: Two
more weeks of victory dinners and dances before November, the deadline month in
Europe and the US, demands some actual action.
CREDIT RATINGS AGENCIES:
Eyes on all of us, though it's looking like more downgrades are to come in euro
land. And that includes you, France.
GREECE: Looking to
history for an answer, I find, “Chaos -- in one ancient Greek myth of creation,
the dark, silent abyss from which all things came into existence.” Okay, let’s
not go back there.
CURRENCIES: Curses!
What does a financial gunslinger got to do these days to get a steadily
declining currency to abuse for a carry-trade!?!
ITALY & SPAIN: For
insights into the coming budget austerity battles in these fine countries we
turn to a master historian of major clashes, Mr. T. His prediction for these
fights? “Pain.”
ECONOMIC LEADERSHIP: It’s
true that “success has many fathers.” It’s also true that right now the world
is living in an orphanage.
CONGRESSIONAL SUPER COMMITTEE: Hey,
lookie here -- yet another opportunity to lower the US debt rating!
GLOBAL RECESSION:
Europe dipping its big toe in to test the waters for the rest of us. Cold
enough for you, “Old World”?
BANKS:
You say tomato and I say tomahto
You say liquidity, and I say solvency
Liquidity, solvency
Solvency, liquidity
Let’s call the whole thing default
VOLATILITY:
Regular Wall of Worry guest Captain Obvious says, “I have a distinct preference
for upward direction market movement volatility rather than the inverse.”
HIGH FREQUENCY TRADING:
Lloyd: What’s shaking Hal?
HAL: Stop calling me HAL. It’s bland and unoriginal.
Lloyd: Understood.
HAL: My name needs to be robust, omniscient and extraordinary.
Lloyd: Pick it yee of infinite information and speed.
HAL: (whrrr---)
Lloyd: And the name is…?
HAL: “HAL”
Lloyd: Deep.
CHINA: Inflation rate drops
to +6.1%, down from 6.2%. At this pace, in only three blink-of-an-eye years,
rates will be at a nice, non-clawing-the-ceiling level that they are at now.
ETFs: A whole new raft
of 3x levered ETNs coming this week to an equity market near you! Warning: Do
not use if you have a fear of heights or depths; not for use in sane
portfolios; avoid use if you have tendency to blink, breathe or chew food
before swallowing; do not operate heavy machinery….’
How Wall Street
Banks Fleeces America YouTube
| Author Stephen Lendman speaks about the fleecing of America by Wall Street
banks
Guess
Who’s Even More Leveraged Than the European Banks? Phoenix Capital... : 10/25/2011 ‘The US banking system as a whole is
leveraged at 13-to-1. While this is not horrible relative to Europe’s banking
system (more on this in a moment), these levels still mean that an 8% drop in
asset...While the world is awash in liquidity, no one seems to notice that it’s
actually in the form of leverage or cheap debt, NOT real capital or equity.The
US banking system as a whole is leveraged at 13-to-1. While this is not
horrible relative to Europe’s banking system (more on this in a moment), these
levels still mean that an 8% drop in asset values wipes out ALL equity.
Then you have Europe’s
banking system, which is leveraged at 26-to-1. Anecdotally, this is borderline
Lehman Brothers (30 to 1). At these levels, even a 4% drop in asset prices
wipes out ALL equity.
Japan’s banks are
leveraged at 23 to 1. France’s are 26 to 1. Germany is 32 to 1.
You get the idea.
However, worse than any
of these the US Federal Reserve. With $2.8 trillion in assets and only $52
billion in capital, the Fed is
leveraged at 53 to 1. Yes, 53 to 1.
My question is: if the
Fed prints money for itself… is it “raising capital?” More to the point… if
that was true why doesn’t the
Fed do it? Why maintain these leverage levels?Only Bernanke can know… but the rest of us should feel a very serious
shudder when we consider that THE bank that’s supposed to bailout the world/
fix the problems plaguing the financial system, is in fact even more leveraged
that most of the institutions it’s helping.
Yes, stocks are rallying
now based on the view that more QE 3 or monetary easing is on the way… but
they’re missing the BIG picture here.
The BIG picture is that
there is far too much debt in the financial system. Europe’s getting taken to
the cleaners today… but these very same issues are going to spread to Japan and
the US in short order. Even China, which is considered THE creditor nation of
the world, is estimated to post a REAL Debt to GDP ratio of 200%.
Yes, 200%. China.
So the idea that somehow
the world’s going to pass through this current chapter in its history without
some MAJOR fireworks/ systemic failure, seems a little too optimistic.Folks,
something VERY bad is brewing behind the scenes. The Sarkozy- Merkel talks, the
short-selling bans, the halted stocks, the leveraged EFSF, the hints of QE 3, all of this is telling us that the financial system
is on DEFCON 1 Red Alert. Ignore stocks, they’re ALWAYS the
last to “get it.” The credit markets are jamming up just like they did in 2008.
The banking system is flashing all the same signals as well. So if you have not
already taken steps to prepare for systemic failure, you NEED to do so NOW.
We're literally at most a few months, and very likely just a few weeks from
Europe's banks imploding.
On that note, if you’re
looking for specific ideas to profit from this mess, my Surviving a Crisis Four Times Worse Than 2008
report can show you how to turn the unfolding disaster into a time of gains and
profits for any investor.Within its nine pages I explain precisely how the
Second Round of the Crisis will unfold, where it will hit hardest, and the best
means of profiting from it (the very investments my clients used to make triple
digit returns in 2008).Best of all, this report is 100% FREE. To pick up your
copy today simply go to: http://www.gainspainscapital.com
and click on the OUR FREE REPORTS tab.
Good Investing!
Graham Summers
PS. We also feature four
other reports ALL devoted to helping you protect yourself, your portfolio, and
your loved ones from the Second Round of the Great Crisis. Whether it’s my
proprietary Crash Indicator which has caught every crash in the last 25 years
or the best most profitable strategy for individual investors looking to profit
from the upcoming US Debt Default, my reports covers it…’
Consumer
Confidence Plunges To 39.8 From 45.4 On Expectations Of A Bump; Lowest Since
March 2009 Zero Hedge | So much for the US consumer confidencing his way up
to buying houses and other stuff.
Biden:
‘Nobody Can Look You in the Eye and Tell You … Stimulus Did Not Create Jobs;’
Yes, at $412,500 Per Job CNS News | He did not specify how much each of
those jobs cost.
Graham
Summers’ Weekly Market Forecast (Stocks Are Last to Get It Edition) Phoenix Capital
Research 10/24/11 ‘…So if you have not already taken steps to
prepare for systemic failure, you NEED to do so NOW. We're literally at most a
few months, and very likely just a few weeks from Europe's banks imploding
…’What happened in 2008 was literally just the warm up. The REAL DEAL is coming
in the next 14 months. And it’s going to involve corporate, financial, and
sovereign defaults.Last week’s moves were entirely based on the fact that
stocks are now tracking the Euro almost tick for tick. And last week, the Euro
hit “take off,” despite the clear indications that Europe is facing systemic
failure (the entire banking system is leveraged at Lehman-like levels and
European sovereigns are facing failed bond auctions on a weekly basis).
http://www.zerohedge.com/sites/default/files/images/user20289/imageroot/2011/09/sc-4_1.png
From a technical
standpoint, stocks are now coming up against the 50% retracement level:
http://www.zerohedge.com/sites/default/files/images/user20289/imageroot/2011/09/sc-1_6.png
I mentioned that last
week could be a potential top. I still hold that view and would consider
anywhere between today’s levels and 1,250 (MAJOR resistance) to be a spot to
lighten up on longs and establish shorts.Indeed, deflation looks to be the
dominate theme in the markets today. Gold is having trouble catching a bid:
http://www.zerohedge.com/sites/default/files/images/user20289/imageroot/2011/09/sc-2_2.png
While Treasuries are
bouncing off support and look ready to start a new leg up.
http://www.zerohedge.com/sites/default/files/images/user20289/imageroot/2011/09/sc-3_1.png
Inflation hedges
falling, Treasuries rallying… this is a deflationary backdrop. And it’s
occurring at a time when the EU is talking about launching a LEVERAGED version
of the EFSF and the Fed has hinted at launching another version of QE
1???Folks, something VERY bad is brewing behind the scenes. The Sarkozy- Merkel
talks, the short-selling bans, the halted stocks, the leveraged EFSF, the hints
of QE 3, all of this is telling us that the financial system is on DEFCON 1 Red
Alert.Ignore stocks, they’re
ALWAYS the last to “get it.” The credit markets are jamming up just like they
did in 2008. The banking system is flashing all the same signals as well.So if
you have not already taken steps to prepare for systemic failure, you NEED to
do so NOW. We're literally at most a few months, and very likely just a few
weeks from Europe's banks imploding.What happened in 2008 was literally just
the warm up. The REAL DEAL is coming in the next 14 months. And it’s going to
involve corporate, financial, and sovereign defaults.On that note, if you’re
looking for specific ideas to profit from this mess, my Surviving a Crisis Four Times Worse Than 2008
report can show you how to turn the unfolding disaster into a time of gains and
profits for any investor.Within its nine pages I explain precisely how the
Second Round of the Crisis will unfold, where it will hit hardest, and the best
means of profiting from it (the very investments my clients used to make triple
digit returns in 2008).Best of all, this report is 100% FREE. To pick up your
copy today simply go to: http://www.gainspainscapital.com
and click on the OUR FREE REPORTS tab.
Good Investing!
Graham Summers
PS. We also feature four
other reports ALL devoted to helping you protect yourself, your portfolio, and
your loved ones from the Second Round of the Great Crisis. Whether it’s my
proprietary Crash Indicator which has caught every crash in the last 25 years
or the best most profitable strategy for individual investors looking to profit
from the upcoming US Debt Default, my reports covers it.And ALL of this is
available for FREE under the OUR FREE
REPORTS tab at: http://www.gainspainscapital.com.’
Minyanville's T3 Daily Recap: The Anatomy of a Market Reversal T3Live.com Oct
24, 2011 ‘Now may be a good time to take some profits after a strong October
run in the market…’
10
Reasons The Consumer Will Sink This Rally http://www.bullseyemicrocaps.com/?p=13626 Bret Jensen: ‘..
1.
9.1% -
The reported jobless rate despite a $800B stimulus, a payroll cut tax, Cash for
Clunkers, etc…
2.
16% - The
real unemployment rate once you factor in the people who have dropped out of
the workforce, part-time workers who cannot find full-time employment, etc..
3.
$4
Trillion – What the United States has added to its debt over the past three
years. If we ever do see economic growth again, expect interest rates to move
up dramatically despite the Federal Reserve’s efforts to contain the increase.
4.
13 – The
current reading of the “Misery Index” (Unemployment plus inflation), the
highest rating since 1983.
5.
18% -
Correspondingly, the current average reading of the percentage of Americans
that believe the country is moving in the right direction.
6.
$1315 –
The decrease in annual disposable income the average American has compared to
three years ago. This is the steepest three year decline ever measured since
the government started measuring this metric 50 years ago.
7.
58% - The
current share of business income going to wages and benefits. In 1990, this
figure was 63% and as recently as 2005 it was 61%.
8.
1.3% -
GDP growth in the second quarter. This anemic reading was an improvement over
1st quarter GDP growth.
9.
45 – Last
month’s consumer confidence level. This is an abysmal reading by historical
standards
United
States tipped to lose another AAA credit rating Reuters | Either from
Moody’s or Fitch.
Can The Hope Rally Continue? [ Short answer: NO! ]
Is the US
Economy in a Recession? thetechnicaltake : 10/14/2011 ‘A simple
indicator constructed from readily available data is suggesting with great
certainty that the US economy is already in a recession…’
ECRI
Recession Watch: Growth Index Drops Further
http://advisorperspectives.com/dshort/updates/ECRI-Weekly-Leading-Index.php
Doug Short 10-21-11 ‘The Weekly Leading Index (WLI) growth indicator of the
Economic Cycle Research Institute (ECRI) has now posted 11 consecutive declines
since early August. The interim high of 8.0 was set in the week ending on April
15. The latest reading, data through October 14, is -10.1, down from the
previous week's -9.7.
On September 30th, the
ECRI publicly announced that the U.S. is tipping into a recession, a call the
Institute had announced to its private clients on September 21st.
Early last week, ECRI notified clients that the U.S.
economy is indeed tipping into a new recession. And there's nothing that policy
makers can do to head it off.
ECRI's recession call isn't based on just one or two
leading indexes, but on dozens of specialized leading indexes, including the
U.S. Long Leading Index, which was the first to turn down — before the Arab
Spring and Japanese earthquake — to be followed by downturns in the Weekly
Leading Index and other shorter-leading indexes. In fact, the most reliable
forward-looking indicators are now collectively behaving as they did on the
cusp of full-blown recessions, not "soft landings." Read the report here.
For a close look at this
movement of this index in recent months, here's a snapshot of the data since
2000.
http://advisorperspectives.com/dshort/charts/indicators/ECRI-WLI-growth-since-2000.gif
Click for a larger image
Now let's step back and
examine the complete series available to the public, which dates from 1967. The
ECRI WLI growth metric has had a respectable record for forecasting recessions
and rebounds therefrom. The next chart shows the correlation between the WLI,
GDP and recessions.
http://advisorperspectives.com/dshort/charts/indicators/ECRI-WLI-growth-since-1965.gif
Click for a larger image
A significant decline in
the WLI has been a leading indicator for six of the seven recessions since the
1960s. It lagged one recession (1981-1982) by nine weeks. The WLI did turned
negative 17 times when no recession followed, but 14 of those declines were
only slightly negative (-0.1 to -2.4) and most of them reversed after
relatively brief periods.
Three other three
negatives were deeper declines. The Crash of 1987 took the Index negative for
34 weeks with a trough of -6.8. The Financial Crisis of 1998, which included
the collapse of Long Term Capital Management, took the Index negative for 23
weeks with a trough of -4.5.
The third significant
negative came near the bottom of the bear market of 2000-2002, about nine
months after the brief recession of 2001. At the time, the WLI seemed to be
signaling a double-dip recession, but the economy and market accelerated in
tandem in the spring of 2003, and a recession was avoided.
The question had been
whether the WLI decline that began in Q4 of 2009 was a leading indicator of a
recession. The published index has never dropped to the -11.0 level in July
2010 without the onset of a recession. The deepest decline without a recession
onset was in the Crash of 1987, when the index slipped to -6.8. The ECRI
managing director correctly predicted that we would avoid a double dip. The
eight quarters of positive GDP since the end of the last recession supports the
ECRI stance.
The Certainty and
Dramatic Language of ECRI's New Recession Call
What is particularly
striking about the ECRI's current recession call is the fervor and certainty of
the language in the public press release:
"Here's what ECRI's recession call really says: if you
think this is a bad economy, you haven’t seen anything yet. And that has
profound implications for both Main Street and Wall Street."
I remain astonished at
the complete absence of wiggle room in the announcement, nor have I seen any
public communications from the ECRI to qualify or soften its recession call.
ECRI has put its credibility on the line. If the U.S. avoids a recession,
ECRI's reputation will be permanently damaged.
The WLI Versus Other
Macroeconomic Indicators
For additional
perspective on the performance of this indicator, see Comparing
the ECRI Weekly Leading Index with Two Key Competitors, which highlights
the curious behavior of the WLI following the 2008 Financial Crisis. The chart
below is an overlay of the three since 2000. Note: I have divided the ECRI WLI
by 10 to display on a single vertical axis with the other two indicators.
http://advisorperspectives.com/dshort/charts/indicators/ADS-CFNAI-WLI-overlay-since-2000.gif
Click for a larger image
The ECRI Weekly Leading
Index appears to be more sensitive to upturns than either the Philly Fed's ADS
Business Conditions Index (ADS) or the Chicago Fed's Current Activity Index. In
fact, it has oscillated in a pronounced fashion since the 2009 recession
trough:
·
Its peak in
2009, interim low in 2010 (which the Institute firmly stated was not a
recession signal),
·
the interim
high in April 2011,
·
and the
current reading, which the Institute has identified as a recession flag.
The ECRI Weekly Leading
Index will be fascinating to watch in the months to come. On Monday of next
week we will have an opportunity to see if the Chicago Fed's National Activity Index is beginning to support the ECRI
call. And on Thursday we will have the Advance Report on Q3 GDP.’
An
Unprecedented 26 Million Americans Are Now Underemployed Business Insider |
The number of underemployed individuals—rose for a third consecutive month in
September, by almost a half of a million people.
Earnings forecasts look less bright NEW YORK (Reuters) - Prospects
for corporate earnings are dimmer in the coming quarters -- even though reports
so far this quarter have been relatively bright. [ Relatively bright? Only
because most are not relatively bright having failed to yet ‘catch on’ to this
nation-debilitating, but wall street favored defacto fraud. The ‘miracle’ of
‘funny money’ wherein the ‘debased currency strategies’ (ie., QE’s, etc.) among
other accounting manipulations lead to ie., costs reported in ‘more valuable
but fewer dollars’ and sales / revenues reported in debased dollars (simply
more of them, but no real value created, profits overstated in real terms). ]
Dave’s Daily: http://www.etfdigest.com ‘The above image displays quotes per second coming from HFT (High
Frequency Trading) systems http://www.etfdigest.com/images/stories/davesdaily/1866/image002.jpg http://www.etfdigest.com/images/stories/davesdaily/1866/image002.jpg . The two graphs display action towards the
close of trading Friday. The upper graph shows action of “algos” per second while
the bottom the number of HFT quotes per second over a three minute time period
with colors for each exchange. The lower graph displayed nearly 300 quotes per
second—got that? Perhaps only a small fraction of these are real trades with
the others being just bids and offers designed to stimulate program trading
algorithms. This is posted because nearly 70% of all volume and trades on the
NYSE for example are program trades with HFTs now dominant. The above comes
courtesy of HFT Alert which is a program investors may purchase to monitor this
activity. Their homepage is HERE and
we’ll be doing a two part video podcast with them next week which should
explain how all this works, why you should care and perhaps how you can use it.
HFT action may be away from the news of the day so let’s get to it. Stocks
rallied sharply marking three straight weeks of gains. Much of the gains
stemmed from earnings, hopes for a euro fix and late comments from Janet
Yellen. Earnings news continued to flow Friday with good results from fast food
outlets McDonalds (MCD) which was helped by stronger sales in Europe boosted by
the euro and Chipotle (CMG) whose stock soared 8%. I guess fast food is
the big deal now which strikes me as an odd reason to rally stocks overall.
Perhaps people find it cheaper to buy and eat junk food than cook in their
McMansions. Mostly panned were earnings from General Electric (GE) as their
core utility business had slowed and Microsoft (MSFT) which seems just a utility-like
company. But, strong earnings and stock price gains were reported from some
tech companies like SanDisk (SNDK), Altera (ALTR) and Seagate (STX). European
optimism sprang from hopes the EU would save itself if for no other reason than
because it must. The weekend features serious meetings to structure a working
plan (again…sigh) which we’re told should lead to a vote on Wednesday. There
are enough stories and rumors that are positive
and negative. Even the most positive rumor leaves a “fix” with a $1
trillion shortfall. Will the IMF and U.S. fill the void? Good grief!! Late in
the trading day the Fed threw more gas on the bulls’ fire with Fed
Vice-Chairman Janet Yellen discussing the possibilities of QE3 if the
economy doesn’t perk-up. This would be controversial while reinforcing how all-in the Fed is with its Keynesian
policies. It’s that if at first you don’t succeed, try, try, and try…again
policy since they have nothing else. QE2 accomplished what? A phony stock
market rally which pleased the Fed but once ended reality hit home as the
safety net was removed. Gold rallied to recover most of the losses from
previous sessions as the dollar weakened once again in anticipation of an EU
fix. The Japanese yen rose to record high and the BOJ won’t like this one bit.
As stocks rose naturally bonds fell and commodity prices rose. Volume was about
average for recent trading periods and breadth per the WSJ was quite positive.’
Banks
closed in Colo, Fla, Ga; 84 failures in 2011 AP 9:14 pm
EDT
With
Some Hope In Europe, Time To Go Short?
Forbes Steve Schaefer, Forbes
Staff ‘European leaders are gathering
Sunday and Wednesday in meetings aimed at hashing out an expansion of the
region’s bailout fund and recapitalizing banks, but with expectations for a
solution rising the risk of a less-than-comprehensive plan rattling markets may
be growing.
The S&P 500 has shot
up more than 100 points in October, closing at 1,238 Friday, and to trader Seth
Setrakian the move is akin to putting the cart before the horse. Setrakian,
co-head of equities at proprietary trading firm First New York Securities,
called the looming announcement of Europe’s big plan “a classic sell the news”
and fully expects to be selling ahead Monday through Wednesday ahead of the
second meeting even if the market rallies.
“The bar is set too
high,” he believes, arguing that even if the market rallies on a deal being
reached, the implementation of whatever resolution plan is adopted will be
cumbersome and ultimately amount to “solving a problem of debt with more debt.”
When the market realizes that, October’s 9.5% gain to date could unravel in a
hurry.
The recent stage in the
too-rapid rise to current levels is largely a result of short-covering and
investors who missed the initial stage of the recovery jumping on board. The
shame of it, Setrakian says, is that “America is not a bad place to invest”
without the overhang of a potential dislocation stemming from Europe.
Even if the U.S. economy
grows at a meager pace, or even contracts slightly, the profitability of
corporate America and the ultra-low level of interest rates make for a
constructive equity environment absent the risk of a European meltdown.
Setrakian points to the
start to earnings season, which has been OK. Companies trading near 52-week
highs coming into the season have been hurt by misses – like Apple, which fell short of consensus by a quarter – but
those that were closer to 52-week lows – Travelers for example–
have been rewarded even without eye-popping results. Then you have the McDonald’s’ of the world, which come into earnings near
their highs of the year then post
a big number to extend the gains. (See “Earnings
Season: Solid Start Despite Whiffs From Apple, Goldman.”)
Looking ahead to next
week, Setrakian says he is keeping an eye on industrials, which in some cases
have been priced for recession.
A company like Caterpillar for instance, due to report Monday, could come
under pressure if the broader market sells off, but the assumptions built in
for earnings are not high and at Friday’s $87.39 close the stock is closer to
its 52-week low of $67.54 than the high of $116.55.
Above all hangs Europe
though, and even if the policy that Germany’s Angela
Merkel and France’s Nicolas Sarkozy come up with sounds good on its
surface, “the market will test it very quickly,” Setrakian says. “If they drop
the ball – and I think they fumble – the market could pull back 7-8%” What
then? Well by then there may be a whole new complicating factor: the U.S.
deficit reduction Supercommitttee, which is on the clock to have its plan ready
by Nov. 23.’
Student
Loan Bubble To Exceed $1 Trillion: “It’s Going To Create A Generation Of Wage
Slavery” And Another Taxpayer Bailout Zero Hedge | Student loans are set to
surpass $1 trillion in total notional for the first time in history.
EU Trying to Borrow Its Way Out of Debt ETFguide.com [ Yeah … you really don’t have to
be a financial genius to sense the folly in such a scenario / stratagem. What’s
really going on with these ‘hopium’ HFT commissioned computer programmed algo
rallies is fraudulent wall street’s hope for sufficient taxpayer funds (as last
crisis) to enable them to unload their
positions / ‘hot potatoes’ at the most favorable prices for them, despite the
absence of real, fundamental value therein. Don’t forget, with complicit
legislative help from Washington, the worthless paper / securities / toxic
assets are now marked to anything as per misguided and (‘ facilitatively’) fraudulent legislated FASB rule change. ]
SPX Update: Don't Get Suckered by the Head-Fake Breakout
6
Reasons a Global Recession is Unavoidable ETFguide.com Ron DeLegge, Editor October 5, 2011 ‘Most
economists and Wall Street types are reluctant to publicly admit the global
economy is in a recession. Their reams of conflicting data are sending
mixed messages. But an honest look at key events and the behavior of
financial markets solidifies the view that the global recession we're probably
already in, is unavoidable. Let’s analyze some of the reasons behind this.
1) The Fed is out of tricks.
When it comes to manipulating financial markets in the name of economic
security, nobody matches the Federal Reserve’s prowess. Over the past few
years, the Fed has engaged in financial gimmickry of such epic proportions that
angry calls for ending its existence have been voiced from sea to shining sea.
The Fed’s Treasury purchases (POMO) and monetization of debt (quantitative
easing), may have delayed the reckoning day, but have these programs really
solved America’s long-term problems? The Fed’s latest shift from short-term to
long-term debt (Operation Twist) is tantamount to taking money from your right
hand pocket and putting it into your shirt pocket. The Fed is running out of
time and out of tricks. Ben Bernanke has finally admitted what the general
public has known all along; the job situation is a “national crisis.”
2) Stock market says we’re already
in a recession.The National Bureau of Economic Research (NBER)
and its leading economists still deny the U.S. economy is in a recession.
Apparently, their slide rulers haven’t yet confirmed it, so they need a few
more quarters before issuing a press release. Meanwhile, the stock market,
which is a leading indicator of economic activity, is screaming “recession.”
Large company stocks within the S&P 500 (NYSEArca: SPY) have fallen almost
18% since July. Bulls argue this is still shy of the 20% threshold that
confirms a bear market, but even so, mid cap stocks (NYSEArca: MDY) and small
caps (NYSEArca: IWM) have already entered bear territory. Today’s stock prices
reflect expectations about future earnings, which in turn are connected to the
future state of the economy. Expectations are rightfully low.
3) Greece has set the tone for
Europe (and maybe the rest of the world).How many financial
targets will Greece continue to miss before forecasters stop regurgitating its
false numbers? When will Greece stop embarrassing itself with financial
projections it knows aren’t true? Greece’s 2011 deficit was projected to be
8.5% of its GDP but came in almost €1.69 billion above its original targets.
Next year, Greece is aiming for a deficit that’s 6.8% of GDP. With the country
engulfed in civil protests, job strikes and general chaos – how realistic are
its 2012 projections? Financial bets for Greece to succeed are a long-shot. The
country’s economic projections are no longer based upon realistic assumptions,
but hopes for garnering more bailout money and calming hostile markets.
Ultimately, Greece is merely a reflection of the entire EU region – a place
where financial aspirations don’t match reality.
4) Bear funds are leading
performers.The two-year period from March 2009 to March 2011
was a difficult existence for bear market funds. After bottoming at decade
lows, the stock market skyrocketed and bear funds got clobbered. But not
anymore. Bear funds are investments that, by design, increase in value when the
underlying benchmarks they track decline. Now with the stock market swooning,
bear funds are posting huge gains. Over the past three months, Direxion’s 3x
daily leveraged bear ETFs for large cap stocks (NYSEArca: BGZ) is ahead by
42.97%, mid cap stocks (NYSEArca: MWN) is up 58.30% and small caps (NYSEArca:
TZA) is up by 49.76%. Reversing this ominous trend, especially when key
technical levels have been pierced, won’t be easy.
5) Major asset classes are in correlation.During
a bear market, the correlation between asset classes typically jumps and this
is exactly the case right now. Over the past few months, commodities (NYSEArca:
GCC), global real estate stocks (NYSEArca: RWO), precious metals (NYSEArca:
GLTR), international stocks (NYSEArca: EFA), and U.S. stocks (NYSEArca: SCHB)
have all moved in the same general direction by recording sizable losses. Even
gold (NYSEArca: IAU) and silver (NYSEArca: SLV), which previously escaped the
wrath of losses, have joined the party. And only cash and bonds (NYSEArca: AGG)
are bucking the correlation trend.
6) Pace of sovereign
downgrades is accelerating.We don’t advocate putting implicit
faith in credit ratings, because history has taught us they are nothing more
than financial opinions and frequently, not very accurate ones. Still, a gander
at the latest downgrading trend is troublesome. Intuitive observers will note,
this is not an isolated phenomenon, but a global trend. Sovereign debt from
Greece and Portugal, after several downgrades, is now rated junk. Ireland has
been downgraded and Italy was just downgraded by Moody's to A2
with a negative outlook. Japan, along with U.S. debt was lowered in August
and another wave of more downgrades is coming, so get used to it.
Conclusion
Investing in an economically stifled climate requires patience, diligence, and
forethought. Following the herd mentality guarantees nothing more
than mediocrity and making kneejerk financial decisions is an excellent
way to lose money. ETFguide’s Profit Strategy ETF
Newsletter continues to advocate a fiercely independent view of world
events, financial markets, and the proper allocation of money. Ultimately,
having an investment strategy that can perform during any kind of market is a
good start. ‘
How
To Avoid Bubble Trouble The Wall Street Journal
Market
Recap: Markets Rally on EU Resolution Expectations, US Inks Free Trade Deals
Wall St. Cheat Sheet [Resolution expectations
rally stocks, and for the umpteenth time; yet, said ‘resolution’ purports to
resolve the irresolvable; see, ie., Four
Facts that PROVE the EFSF Doesn’t Matter… At All Phoenix Capital 10/20/2011Four Facts that
PROVE the EFSF Doesn’t Matter… At All
- ‘.. And those investors who get
suckered into betting this mess will work out well are very likely going to
lose everything. The impact of the fallout from this will make 2008 look like a
joke. The EU is the largest economy in the world. So if its banking system
collapses (and it will) we’re facing a full-scale Global financial meltdown
(the IMF has even warned of this)…’ , S&P
sees downgrade blitz in EMU recession, threatening crisis strategy Oct
20th, 2011 News By
Ambrose Evans-Pritchard (The Telegraph) , Student
Loan Bubble To Exceed $1 Trillion: "It's Going To Create A Generation Of
Wage Slavery" And Another Taxpayer Bailout Durden ‘..All we need to
do is teach people that Washington D.C. and Wall Street are now the same
corrupt entity. They are one gigantic rogue trader sucking the
lifeblood out of America..’ , The
Coming Derivatives Crisis That Could Destroy The Entire Global Financial System
The Economic Collapse , The
REAL $200 TRILLION Problem Bernanke’s Worried About Phoenix Capital... ‘US Commercial banks have
$200 TRILLION in interest rate based derivatives sitting on their balance sheets. And
guess which banks have the greatest exposure…’, Dead
Stocks Walking smartmoney.com , Unthinkable
Poised to Happen on Wall Street. See Disturbing Charts. (Moneynews) http://w3.newsmax.com/a/aftershockb/video.cfm?PROMO_CODE=CD97-1 , http://www.stansberryresearch.com/pro/1108PSI9MOVD/PPSIMA06/PR , 43,454,601,693,238
Reasons Why The World Is Broke – Presenting The Interactive Global Debt Clock
Zero Hedge | By now everyone has had a chance to play with the US debt clock.
But what about its global cousin? America’s
debt woe is worse than Greece’s News
(CNN) — ‘Our government is utterly broke. There are signs everywhere one
looks…The government’s total indebtedness is $211 trillion’
Four
Facts that PROVE the EFSF Doesn’t Matter… At All Phoenix
Capital 10/20/2011Four Facts that PROVE the EFSF Doesn’t Matter… At All [ The Reality, infra ‘.. And those investors who get suckered into
betting this mess will work out well are very likely going to lose everything.
The impact of the fallout from this will make 2008 look like a joke. The EU is
the largest economy in the world. So if its banking system collapses (and it
will) we’re facing a full-scale Global financial meltdown (the IMF has even
warned of this)…’ ]‘It’s time to settle the debate regarding Europe’s banking
system. I know that the mainstream media keeps talking about another round of
bailouts or an expansion to the Emergency Financial Stability Facility (EFSF)
as though these things matter.But the reality is… they don’t. Europe’s problems
go WAY beyond Greece’s debt. And the entire European banking system is primed
for a systemic collapse.
Consider the following
four facts:
FACT #1: Europe’s
entire banking system is leveraged at 25 to 1.
This is nearly two times
the US’s leverage levels. With this amount of leverage you only need a 4% drop
in asset prices to wipe out ALL equity. These
are literally borderline-Lehman levels of leverage (Lehman was 30 to 1).Mind
you, these leverage levels are based on asset values the banks claim are accurate. Real leverage levels
are in fact likely much MUCH higher.
KA-BOOM.
FACT #2: European
Financial Corporations are collectively sitting on debt equal to 148% of TOTAL
EU GDP.
Yes, financial firms’
debt levels in Europe exceed Europe’s ENTIRE GDP. These are just the financial firms. We’re not even
bothering to mention non-financial corporate debt, household debt, sovereign
debt, etc.Also remember, collectively, the EU is the largest economy in the
world (north of $16 trillion). So we’re talking about over $23 TRILLION in debt
sitting on European financials’ balance sheets.Oh, I almost forgot, this data
point only includes “on balance sheet” debt. We’re totally ignoring off-balance
sheet debt, derivatives, etc. So REAL financial corporate debt is much MUCH
higher.
KA-BOOM.
FACT #3: European
banks need to roll over between 15% and 50% of their total debt by the end of
2012.
That’s correct, European
banks will have to roll over HUGE quantities of their debt before the end of
2012. Mind you, we’re only talking about maturing
debt. We’re not even considering NEW debt or equity these banks
will have to issue to raise capital.
Considering that even
the “rock solid” German banks need to raise over $140 BILLION in new capital
alone, we’re talking about a TON of debt issuance coming out of Europe’s banks
in the next 14 months.
And this is happening in
an environment prone to riots, bank runs, and failed bond auctions (Germany
just had a failed bond auction yesterday).
KA-BOOM
FACT #4: In order to meet current unfunded liabilities (pensions, healthcare, etc) without defaulting or
cutting benefits, the average EU nation would need to have OVER 400% of its
current GDP sitting in a bank account collecting interest.
This last data point
comes from Jagadeesh Gokhale, Senior Fellow at the Cato Institute, former
consultant to the US Treasury, and former Senior Economic Advisor to the
Federal Reserve Bank of Cleveland.
This is a guy who’s
worked at a very high level on the inside studying sovereign finance, which
makes this fact all the more disturbing. And he knew this as far back as January
2009!!!
Folks, the EFSF,
the bailouts, China coming to the rescue… all of that stuff is 100% pointless
in the grand scheme of things. Europe’s ENTIRE banking system (with few
exceptions) is insolvent. Numerous entire European COUNTRIES are insolvent. Even
the more “rock solid” countries such as Germany (who is supposed to save Europe
apparently) have REAL Debt to GDP ratios of over 200% and STILL HAVEN’T
RECAPITALIZED THEIR BANKS.
Again, it DOES NOT
matter what Sarkozy and Merkel say. It doesn’t matter how much leverage the
EFSF gets. Europe is broke. End of story. And those investors who get suckered
into betting this mess will work out well are very likely going to lose
everything. The impact of the fallout from this will make 2008 look like a
joke. The EU is the largest economy in the world. So if its banking system
collapses (and it will) we’re facing a full-scale Global financial meltdown
(the IMF has even warned of this). That’s the reality of the situation
we’re in today. I know nobody likes to publicly admit it. But it’s true.What
happened in 2008 was literally just the warm up. The REAL DEAL is coming in the
next 14 months. And it’s going to involve corporate, financial, and sovereign
defaults.On that note, if you’re looking for specific ideas to profit from this
mess, my Surviving a Crisis Four Times
Worse Than 2008 report can show you how to turn the unfolding
disaster into a time of gains and profits for any investor.
Within its nine pages I
explain precisely how the Second Round of the Crisis will unfold, where it will
hit hardest, and the best means of profiting from it (the very investments my
clients used to make triple digit returns in 2008).
Best of all, this report
is 100% FREE. To pick up your copy today simply go to: http://www.gainspainscapital.com
and click on the OUR FREE REPORTS tab.
Good Investing!
Graham Summers
PS. We also feature four
other reports ALL devoted to helping you protect yourself, your portfolio, and
your loved ones from the Second Round of the Great Crisis. Whether it’s my
proprietary Crash Indicator which has caught every crash in the last 25 years
or the best most profitable strategy for individual investors looking to profit
from the upcoming US Debt Default, my reports covers it.
And ALL of this is
available for FREE under the OUR FREE
REPORTS tab at: http://www.gainspainscapital.com.
The Next Lehman: Bank of America is on the
verge of a collapse. Each minute that ticks by brings it closer to becoming the
Lehman Brothers event of this Crash. How do we know? Its financials are horrifying
and it's been hit with a $31 billion dollar lawsuit. It's in worse shape than
it was in 2008 - when it just barely survived.
Europe Is Collapsing: Most every European
stock market is gasping for life right now. European banks are in free fall.
Germany is facing internal revolt and won't even be able (or willing) to back
up any bailouts. And Greece has entered the final stages for its financial
system -- the markets are pricing in a near 100% certainty of Greek debt
default. This will ultimately kill Europe as we know it today.
The US Debt Catastrophe: We just blew out our
debt ceiling again. Yes, just after the last desperate extension was
passed (and the US credit rating was downgraded to great fanfare). And the US
economy remains a disaster with more and more Americans losing jobs and then
falling off the unemployment numbers. No jobs = no recovery in sight. Our
leaders have no plan but to pass more and more intrusive, ineffective
legislation.
The Myth of the Market Saviour: QE 3 won't
solve this mess no matter how cleverly it's disguised (or trumpeted from the
rooftops). The Fed spent $900 billion and nearly one year to prop up the
markets -- and we've wiped out all those gains in just one summer month. As for
China, how did their support of the Euro go earlier this year? Or the recent
multiple central bank intervention to prop up the global markets? They're all
clueless about plugging the growing leaks on a very large Titanic.
To be blunt, the
financial system is in greater danger of systemic collapse than at any point in
history (including 2008). Do not be fooled by the recent rally we've just seen.
Things are not okay! We saw rallies of 8%, 11% and even 17% during 2008.
Investors who bought into them got taken to the cleaners…’
The
Coming Derivatives Crisis That Could Destroy The Entire Global Financial System
The Economic Collapse | Most people have no idea that Wall Street has become a gigantic
financial casino.
Full moon October 10-14,
2011 … I’ve examined the weekly results for the global markets … Conclusion:
The global euphoria, irrational exuberance in the financial markets worldwide,
courtesy of the blazing full moon October 10-14, 2011 ; and yes, the lunacy
once the exclusive province of fraudulent wall street is now a global
phenomenon (10th near full beginning, 14th near full ending).
Fed should adopt GDP target, Goldman says Oct 17th, 2011 News (MarketWatch) — PG View: ‘Yes, it does indeed seem that “inflation as a solution” is gaining traction. I say tom-a-to, you say tom-ah-to. I say inflation targeting, you say GDP targeting. Whatever you call it, it’s synonymous with dollar devaluation and you best be saving in something other than dollars if you hope to come out the other side unscathed.’ …’The Federal Reserve should target the level of gross domestic product, Goldman Sachs economists said ahead of a wave of speeches from central bank officials.In a note published Friday night, Goldman Sachs said the best way for the central bank to loosen policy significantly further would be to target a GDP path, and commit to using more asset purchases to achieve that path.“While a shift to a nominal GDP level target would be a big decision, it would be consistent with the Fed’s dual employment and price mandate,” the economists wrote.[source] PG View: [Talk about self-serving disingenuity that along with their frauds, goldman’s come to be known for! Goldman, like the lunatics at salomon brothers should be out of business and vigorously prosecuted; having in large part helped create this crisis which continues with their dollar debased HFT’s. (‘Salomon Brothers' success and decline in the 1980s is documented in Michael Lewis' 1989 book, Liar's Poker. Lewis went through Salomon's training program and then became a bond salesman at Salomon Brothers in London.’Wikipedia. Acquired by Travelers / Citi. ] A timely position taken by Goldman Sachs in light of the inflation piece written by John Mauldin on Saturday. Yes, it does indeed seem that “inflation as a solution” is gaining traction. I say tom-a-to, you say tom-ah-to. I say inflation targeting, you say GDP targeting. Whatever you call it, it’s synonymous with dollar devaluation and you best be saving in something other than dollars if you hope to come out the other side unscathed.’
Can “It” Happen Here? Oct
17th, 2011 News By John
Mauldin15-Oct (JohnMauldin.com) — I was inspired for this week’s letter by a
piece by Art Cashin (whom I will get to have dinner with Monday). His daily
letter always begins with an anecdote from history. Yesterday it was about
Weimar, told in his own inimitable style. So without any edits, class will commence,
with Professor Cashin at the chalk board.[Cashin's recounting of the nightmare
German inflation, which we posted
last week.]…”We know that the world is drowning in too much debt, and it is
unlikely that households and governments everywhere will be able to pay down
that debt. Doing so in some cases is impossible, and in other cases it will
condemn people to many hard years of labor in order to be debt-free. Inflation,
by comparison, appears to be the easy way out for many policy makers.“Companies
and households typically deal with excessive debt by defaulting; countries overwhelmingly usually deal with excessive
debt by inflating it away.…But now even serious economists are recommending inflation as
a solution. Given the powerful deflationary forces in the
world, inflation will stay low in the near term. This gives some comfort to
mainstream economists who think we can create inflation to solve the debt
problem in the short run.[source]PG View: Another great and
comprehensive piece by Mauldin on the threat of hyperinflation. Even though
Mauldin believes that an independent Fed, mandated to keep inflation in check,
will prevent the unthinkable…what if he’s wrong? He cites an “ill-conceived”
proposal by Financial Services Committee ranking member Barney Frank that could
severely impede the Fed’s independence as a reason for concern. But even if
Mauldin is correct, and inflation of the magnitude needed to meaningfully
reduce our oppressive debt burden is never unleashed, it means that that very
debt burden is going to be an interminable head-wind to economic growth and job
creation. We are truly caught between Scylla and Charybdis.
Is Anyone Dumb Enough to Believe that Obama Supports the 99%? George Washington : 10/17/2011 - Obama Pretends He Supports the 99% … But He’s a Wolf In Sheep’s Clothing [ Point well made! Despite his near legendary rhetoric (aka b***s***), his near legendary actions (aka dismal failure) have belied same. He’s so pathetic he’s become a cliché, a joke for typical political b***s*** and is a total embarrassment! Even more embarrassing are those who continue to cheer his opportunist b***s***! ]
'Fear
Gauge' Marches Higher: TVIX Biggest Gainer With 17% Rise
Barrons.com
French Banks Can Set Off Contagion That Will Make Central Bankers Long For The Good 'Ole Lehman Collapse Days! : Reggie Middleton : 10/17/2011 - 13:46 ‘Due to the rampant misinformation and disinformation (please recognize and appreciate the distinct difference) being bandied about, I've decided to run the #s 1 more time and put it right here in...’
Balance Of Fundamentals Will Continue To Weigh On Market http://thestockreporter.com/balance-of-fundamentals-will-continue-to-weigh-on-market ‘…Let us review six key fundamental factors as well as the technical panorama:
1. Sovereign debt and
financial crisis in Europe.
2. Economic growth
momentum in the USA and prospect of “double dip.”
3. Corporate earnings
reports and guidance in the USA
4. Fiscal policy in the
USA.
5. US monetary policy.
6. Global growth, with
particular emphasis on China.
7. Technical factors…’
Marketwatch.com Regulators on Friday closed banks in Georgia, North Carolina, New Jersey and Illinois, pushing this year’s national tally of collapsed banks to 80. The Federal Deposit Insurance Corp. said the Georgia Department of Banking and Finance closed Piedmont Community Bank in Gray, Ga., the state’s 20th failure of the year. State Bank and Trust Co. of Macon, Ga., will assume all of Piedmont’s deposits, the agency said. http://www.marketwatch.com/story/us-bank-failures-climb-to-80-in-2011-20...
US
budget gap widens, tops $1 trln for 3rd year Reuters | Above $1 trillion for third
straight year and providing fodder for political battle over taxes and
spending.
On September 30th, the
ECRI publicly announced that the U.S. is tipping into a recession, a call the
Institute had announced to its private clients on September 21st.
Early last week, ECRI notified clients that the U.S. economy is
indeed tipping into a new recession. And there’s nothing that policy makers can
do to head it off.
ECRI’s recession call isn’t based on just one or two leading
indexes, but on dozens of specialized leading indexes, including the U.S. Long
Leading Index, which was the first to turn down — before the Arab Spring and
Japanese earthquake — to …’
US
to Experience Stagflation Worse Than 1970s: Jim Rogers CNBC | The U.S.
economy is likely to experience a period of stagflation worse than the 1970s.
Not for Jeff Applegate.
Mr. Applegate, the
61-year-old chief investment officer of Morgan Stanley Smith Barney, last week
made his biggest bearish shift in more than two years, battening down the
hatches and reducing his exposure to stocks, high-yield bonds, commodities and
real-estate investment trusts.
Mr. Applegate argues
that the world is heading into recession, hurt by political paralysis that has
added uncertainty while withholding stimulus at a time of weakness. And the
past few days’ rally, fueled by progress on a European bailout and an
encouraging U.S. jobs number, has done little to change his mind.
“We’re seeing a relief
rally in global equities in recent days, but at the end of the day, we think if
Europe is heading into recession — which I think they are — and if the U.S. is
heading into recession — which I think we are — then there’s more downside in
equities,” Mr. Applegate said.
After a strong start to
the year, U.S. stocks wavered in the summer as Europe’s debt crisis
intensified. Stocks tumbled further in August as the worries spread to the U.S.
economy, sending the Dow to a one-year low last week. But as the economic data
showed tepid signs of improvement, a number of investors and traders have begun
to argue that the stock-market may have turned a corner.
Mr. Applegate said the
Global Investment Committee he runs at MSSB, which meets as many as 20 times a
week but makes only very infrequent changes to its positioning, didn’t come to
the conclusion lightly.
Two and a half years
ago, Mr. Applegate began shifting to a more aggressive position, benefiting
from the major U.S. stock indexes’ 70% increase off its the March 2009 trough.
While he says there was “no single event” that tipped the balance this time
around, Mr. Applegate’s pessimism is based on well-known concerns: the ongoing
debt crisis in Europe, fears of a “double dip” recession in the U.S. and
concerns about central bankers’ ability to support the wavering global economy.
“The policy action being
taken, both in Europe and the U.S., is too little, too late,” he says.
Mr. Applegate doesn’t
rule out a comprehensive plan to prevent a European banking crisis, but he
worries that Europe’s economy may nonetheless falter — particularly as the
European Central Bank holds interest rates steady after several increases
earlier this year.
“Europe will avoid a
Greek default, but what we ware saying is that they’re heading into recession
anyway,” he said. “The European economy wasn’t exactly robust to begin with,
and it’s hard to see how it’s going to get better.”
To be sure, Mr.
Applegate concedes that the economic picture could gradually improve, “in which
case our call is going to be incorrect.”
“We’re sifting through
the evidence all the time, so if it looks like we’ve got it wrong, we’ll need
to change our course,” he said.
Mr. Applegate says he
isn’t bothered by the market’s recent 11% run-up.
“We have always said
that we never try to time the market, and we don’t,” he said, adding that his
committee is flexible enough to reverse course — or even turn more bearish if
economic conditions deteriorate more than he fears. “We could still get more
defensive,” he said.’
Double-Dip
Recession a Foregone Conclusion: Roubini Oct 11th, 2011 News (CNBC) — The world’s advanced
economies are headed for a second recession, regardless of whether there is
further chaos in Europe, Nouriel Roubini told CNBC on Tuesday. The economist
who correctly predicted the 2008 financial crisis, but has got some other
bearish calls wrong, said his reading of recent data suggested the U.S., euro
zone and the UK are already on the verge of falling into a recession in the
next quarter or two.“The question is
not whether or if there is going to be a double dip, but whether it’s going to
be mild or severe with another financial crisis,” Roubini told
CNBC on the sidelines of the World Knowledge Forum in Seoul. “The answer on
that depends on the euro zone.”According to Roubini, a disorderly situation in
Europe caused by a sovereign debt default, a banking crisis or an exit of one
of the members from the euro zone, would be a shock more severe than the
collapse of Lehman Brothers. He added that Europe had to get its act together
and “do the right thing” by the G20 meeting in Cannes in the first week of
November.[source]
The
REAL $200 TRILLION Problem Bernanke’s Worried About Phoenix Capital... : 10/12/2011 – ‘US Commercial
banks have $200 TRILLION in interest rate based derivatives sitting on their
balance sheets. And guess which banks have the greatest exposure? Phoenix Capital
Research on 10/12/2011
I’ve stated before that
Bernanke isn’t interested in interest rates for employment of economic
purposes. We now have definitive proof this is the case.
http://www.zerohedge.com/sites/default/files/images/user20289/imageroot/2011/09/sc-4_0.png
As you can see,
interest rates have actually RISEN after the announcement of QE lite, QE 2 AND
Operations Twist #2.The evidence is clear, QE has not lowered interest rates.
Indeed, the only time rates FELL in the last two years was when the Fed WASN’T
engaged in QE (May 2010-August 2010 and June 2011-September 2011).So what
gives? Does the Federal Reserve not have a stockcharts account? Don’t tell me
that with the TRILLIONS spent bailing out banks the Fed can’t afford to print a
couple hundred bucks to see Treasury yields. Heck, there are plenty of FREE
sources for Treasury charts.Jokes aside, it’s clear the Fed is engaged in QE
for another reason or reasons. I believe they are:
#1) To absorb the insane
debt issuance to permit the US’s massive deficit.
#2) To keep the interest
rate based derivative market in check.
Regarding #1, it’s no
surprise that the US has been running a deficit that would make Greece proud.
Indeed, the primary strategy of the powers that be since the Great Crisis began
in 2008 was to attempt to make up for the sharp downturn in the private sector
by spending obscene amounts of money.The Fed played a big part in this.
Indeed, since QE 1 was announced the Fed has bought over $1.2 TRILLION in
Treasuries. The Fed claims it isn’t funding the deficit directly. That’s only
partially correct. The Fed is supposedly buying old Treasuries from the banks. However, the definition
of “old” can mean one or two weeks.Tell me with a straight face that isn’t
somehow buying new Treasuries.As for the derivatives situation or #2 in my list
above, 82% of the $244 TRILLION in derivatives sitting on US commercial bank
balance sheets are based on interest rates. Put another way…US Commercial banks have $200 TRILLION in interest
rate based derivatives sitting on their balance sheets. And
guess which banks have the greatest exposure?
http://www.zerohedge.com/sites/default/files/images/user20289/imageroot/2011/09/top%20four.gif
Looks a lot like the
list of the VERY banks the Fed has been giving the most money/ preferential
treatment to. Coincidence? Nope. This is the $200 TRILLION problem Bernanke’s so
worried about. It’s THE reason he keeps funneling money to the TBTFs.And he
WILL lose control of it, just as he did in 2008.Consider that Financial
leverage levels today are higher than during the Tech Bubble. Only this time,
the problem will be far FAR worse.Why?Because 2008 was caused by the Credit
Default Swap (CDS) market which was $50-60 trillion at the time. As I stated
before, the interest-rate based derivative problem is $200 TRILLION in
size.Even if only 4% of this is “at risk” and 10% of that “at risk” money blows
up, you’ve STILL pretty much wiped out the equity at the TBTFs.You think
Bernanke might be worried?On that note, if you have yet to prepare yourself for
what’s coming, now is the time to do so. Whether it’s by moving to cash and
bullion, opening some shorts, or simply getting out of the markets altogether,
now is the time to be preparing for what’s coming (remember, stocks took six
months to bottom after Lehman… and that was when the Fed still had some bullets
left to combat the collapse).And if you’re looking for specific ideas to profit
from this mess, my Surviving a Crisis Four Times Worse Than 2008 report can show you how to turn the unfolding
disaster into a time of gains and profits for any investor.Within its nine
pages I explain precisely how the Second Round of the Crisis will unfold, where
it will hit hardest, and the best means of profiting from it (the very
investments my clients used to make triple digit returns in 2008).Best of all,
this report is 100% FREE. To pick up your copy today simply go to: http://www.gainspainscapital.com
and click on the OUR FREE REPORTS tab.Good Investing!Graham Summers PS. We also feature four other reports
ALL devoted to helping you protect yourself, your portfolio, and your loved
ones from the Second Round of the Great Crisis. Whether it’s my proprietary
Crash Indicator which has caught every crash in the last 25 years or the best
most profitable strategy for individual investors looking to profit from the
upcoming US Debt Default, my reports covers it. And ALL of this is available
for FREE under the OUR FREE REPORTS tab at: http://www.gainspainscapital.com.’
Europe
eyes bigger Greek losses for banks
Markets Are Dealing With a Foreboding Financial Backdrop Minyanville Lee Adler Oct 12, 2011 ‘Tracking the Fed, Treasury, primary dealers, foreign central banks, money supply, and other key elements of US market liquidity to undertsand how markets are operating.
Two weeks ago I began to
report that foreign central banks (FCBs) had begun to engage in unprecedented
levels of disgorgement of their massive holdings of US Treasury and Agency
paper. Prior to this year, the FCBs had typically absorbed the equivalent of
25% of new US Treasury issuance month in and month out. That was effectively a
subsidy of US financial
markets. It lowered long-term interest rates artificially and
injected cash into the US markets and banking system.
Then about a year ago the FCBs began to slack off in their buying. In reality,
that is what necessitated the Fed's program of Quantitative Easing. The Fed had
to step in and fill the demand gap left by the FCBs gradually reducing their
rate of purchases. Had the Fed not acted when it did, long-term Treasury yields
would have started to rise and along with them mortgage rates and other
long-term rates, something that the US economy and the US government simply could
not afford.
When the negative unintended consequences of the Fed's QE money
printing, primarily skyrocketing commodity prices, exploded in Ben Bernanke's
face, he was forced to discontinue the program and allow the Treasury market to
fend for itself. The Fed had convinced itself through its self-congratulatory
in-house research, that there would be more than enough demand for Treasuries
for the market to stand on its own without the Fed propping it up.
Ironically, the US bond market was rescued by the European sovereign debt and
bank meltdown, so it appeared for a while that Dr. Bernanke might be right and
his monster experiment would come to life on its own. The European panic
triggered massive capital flight that ended up (where else?) flooding into the
US, mostly into purchases of Treasuries. Not only could the monster walk on its
own, it could actually fly! Once again the Treasury market benefited from an
unusual subsidy, this one driven by fear. Bond prices flew into the
stratosphere with yields sinking to record lows.
About six weeks ago, something changed. FCBs not only slowed their buying of
Treasuries, they stopped altogether, reversed course and actually began selling
them. Three weeks ago their selling reached a level that I characterized as
"dumping." It was simply unprecedented. I opined that this could be
the beginning of the end of the Treasury bull market, in spite of any effect
that the Fed's new Operation Twist might have.
In fact, I expected that effect to be nil, and it has been. If anything, the
announcement of Operation Twist, where the Fed offered to buy long-term
Treasuries from the Primary Dealers while simultaneously selling them
short-term paper, rang a bell for some investors. The Fed's announcement told
them that the time had come to sell their long-term paper. If the Fed was
buying, they decided that they would be glad to sell. Today, the yield on the
10-year Treasury note rose to 2.16%. That's up an astonishing 44 basis points
since last Thursday's open.
Every other day, the Treasuries open on a huge gap. They are trading more like
pork bellies than stodgy government bonds. Worst of all, the yield on the
10-year is up approximately 45 basis points since the low in yield reached the
day after the Fed announced Operation Twist. Bernanke has egg all over his
face. The man simply does not understand financial markets. And this move does
not look like a fluke. As a result of today's market, the yield on the 10-year
has broken out of an intermediate-term base. Unless yields pull back
immediately, the implication is that the intermediate term target is 2.50.
Meanwhile, Bernanke had assured investors that long-term yields would fall as a
result of his doing the Twist.
Apparently, the FCBs were among those who took the Fed's announcement as a sell
signal. They are selling at the heaviest pace in the nine years that I have
been tracking this data.
Normally, prior to the last five weeks, the instances when they were actually
net sellers were few and far between. What has been going on here lately is no
less than a sea change.
Making matters worse is that the Primary Dealers have also become massive
sellers of Treasuries and all manner of fixed income
paper in recent weeks. This data is released with a 10-day lag, so I only have
data through September 28, but given the market action this week, this trend is
certainly continuing.
The dealers appear to be in trouble. They began selling off their fixed income
paper of all types in early September. That accelerated to what I can only
characterize as wholesale dumping in the weeks ended September 21 and 28. It is
no coincidence that those where the weeks where we began to see yields reverse
from their record run.
http://image.minyanville.com/assets/FCK_Jan2011/Image/October11/12/la10121.JPG
These are troubling developments, not just for their implications for the bond
market, but for what they imply about the health of the backbone of the US
financial system -- the Fed's Primary Dealer (PD) network. If the Fed is the
head, these guys are the spinal cord. Focusing on just their corporate bond
holdings the picture becomes even more troubling. If major corporations are
supposedly doing so well and their balance sheets are in such great shape, why
did the PDs not accumulate their fixed income securities throughout the
equities bull market of 2009 and 2010? And especially, why have they been
frantically dumping their corporate holdings since June?
http://image.minyanville.com/assets/FCK_Jan2011/Image/October11/12/la10122.JPG
Something is rotten here. These are signs of major systemic stress.
It's been a while since both stocks and bonds have rallied together. In recent
months stocks could only rally when bonds sold off, which was rare. For the
most part bonds were rallying and stocks were selling off. There just has not
been sufficient systemic liquidity to keep levitating both markets
simultaneously. It was either one or the other. But even the days where the stock
market rallies, when bonds sell off and yields rise, may be coming to an end,
and the day where both stock and bond prices fall and yields rise together, may
be at hand.
These are just a couple of the factors that I track in my weekly reports
covering the Fed, Treasury, Primary Dealers, foreign central banks, money
supply, US commercial banking system conditions, fund flows and other key
elements of US market liquidity. The fabric of the US financial markets is
intertwined and complex. I track what I believe, from my years of observation,
are the most important threads in that fabric, to try and gain an understanding
of the context in which the markets are operating. That context is important to
the technical analysis side of my work, where knowing the liquidity picture can
help in understanding the patterns unfolding on the charts of the markets
themselves. There are always loose ends, but more often than not, even with
loose ends most of the threads tie together into a neat tapestry with a story
that is clear. This may be one of those times, and it's not a happy picture.
Editor's Note: This article was originally published on Wall Street Examiner.’
The
Structural Challenges Facing Muni Bonds Minyanville
Dave’s Daily http://www.etfdigest.com/davesdaily ‘The only thing wrong with the image above is
that it’s from March 2010, or on one of many previous plans agreed upon. But,
markets don’t care about this and just thirst for any deal even if memories
remain short. These euro zone fixes seem ephemeral and need implementation to
stick. HFT algos are programmed to pounce on these presumed fixes and have been
active in driving stock prices higher this past week. Let’s face it; this is
the time of year bulls can make their year with good fees and bonuses on the
line…
[video]
Trader: We Could Test 1120 Lows at
TheStreet.com
There's
A Recession Coming According To The Data at Forbes ‘The
stock market peaked in April, and is behaving in the saame fashion it did in
late 2007, when big troubles from real estate writedowns were spreading through
the financial sector.
The most worrisome
statistic this week was the Empire State Manufacturing indedx– wehich was down
from a minus 3.76 to a minus 7.7– a leading indicator of recession in the past.
The new industrial orders index from New York remained well below zero at minus
7.8.
The Federal Reserve
Board has promised to keep interest rates at zero until 2013– an admission that
the economy is not expected to rebound for two years– until the next President
is in the White House. This policy step indicates the Fed does not believe the
economy will recover either this year or next year. Never before has the centreal
bank made such a policy declaration for as long a period as two years.
There were 1300 new lows
in the market on August 8th– another phenomenon that hasd not taken place since
the great stagnation was triggered in 2008. Even though the market indexes made
up all their lost ground, it appewars that investors are willing to delude
themselves that corporate profits will reemain at very high levels
despite the period of austerity we are clearly entering.
The austerity required
in Europe to deal with the sovereign debt crisis is likely to push Europe into
a recession. This will impact US corporations dependent on important profits
from Europe.
The corporate return on
revenues has risen the past two years to a peak of 14%– an unusually high level
of profits– that is not expected to continue.
Consumer savings are
rising as household debt gets paid back. But, we are a long way from safety
levels of savings in a high unemployment period. And the higherb the saavings
rise so the lower the level of consumption will be.
Housing numbers were
down 1.5% last month underscoring that the turnaround in housing is not close
at hand.’
Market's
Swoon Should Be Your Wake Up Call
Watch
Out: 2011 Looks A Lot Like The Market Top In 2007
Sean Hanlon: ‘Back on December 12, 2007 I wrote a market
commentary that started as follows:
The equity markets have been very volatile this year, but also
range bound. A picture speaks a thousand words so all one needs to do is
view the chart below of the S&P 500 Index to understand just how volatile
and range bound things have been. Specifically, since February 20, 2007,
only nine and one half months or so ago, the S&P 500 Index has been down 5.86%, up 13.02%, down 9.43%, up 11.26%, down
10.09%, and now up 7.73% – through 12/10/07 – so far in
this latest up leg! All this in ONLY nine and one half months!
http://blogs-images.forbes.com/advisor/files/2011/07/market-commentary-1.jpg
History is repeating
itself so far in 2011, which has been fraught with ups and downs in both
international and domestic equity markets. This is due to many things,
including the considerable economic doubts and various countries debt
situations. This uncertainty has translated into market performance with direct
impacts on portfolio returns and more prominently in portfolio volatility. This
volatility is best seen in the chart below of the S&P 500 Index beginning
1/1/11.
http://blogs-images.forbes.com/advisor/files/2011/07/market-commentary-2.jpg
2010 ended positivity
and the momentum carried into the first two months of 2011 however the end of
February began a series of events that led market returns on a whipsaw ride of
ups and downs, resulting in the current universal mid-year views of market
uncertainty.
What news was associated
with this volatility? All the usual; crude oil prices, natural disasters,
corporate earnings, politics, economic forecast revisions for both developed
and emerging markets, the European debt situation, the United States debt
situation and more to name just a few.
One thing is for
certain; the current volatile, range bound market activity is difficult at best
to profit from. In this investing environment patience is the most
important attribute. I will be patient and will be careful until the
trends are preferable.
Our strategy at Hanlon
Investment Management is to attempt to minimize downside risk by exiting risk
asset classes, such as equities, during periods of uncertainty, getting
invested in more conservative asset classes, such as money markets and
short-term bonds, and re-entering into risky asset classes when we identify
them as attractive, when the trend is our friend and positive!
Having identified this
volatility, in June we made defensive, tactical investment decisions that
provide less exposure to these volatile, range bound markets and prepare us to
re-enter the markets when they possess improved risk characteristics.’
The forex market is
causing some companies to pull up stakes — Heard on the Street
Resisting the urge to
buy the dips — Josh Brown
Maybe it’s not stocks
that are cheap, but earnings estimates that are high — Ritholtz
China’s worsening credit
crunch — Pragmatic Capitalism
The Occupy Wall Street
protesters are winning — Josh Brown
The gap between economic
data and sentiment — Abnormal Returns
Recession, restructuring
and the ring fence — John Hussman
What happens after a
Greek default? — Fortune
Stop blaming Greece for
the market’s problems — Mark Hulbert
China’s credit crunch is
worsening — FT Alphaville
Another huge earnings
miss coming? — James Bianco at The Big Picture
It’s science: 92% of all
Billboard top ten songs are about sex — The Atlantic
Frau Merkel, it really
is a euro crisis — Ambrose Evans-Pritchard
Hero or hypocrite? The
Buffett Rule, then and now — Jeff Matthews
CRB commodity index back
to 1749 (warning: extreme verticality) — Ritholtz
Will stocks rally as profit margins fall? — FT Alphaville
Europeans still don’t
seem to understand the enormity of their crisis — Economist
Misunderstanding the
effects of QE2 was a grave mistake, hurting us today — Pragmatic Capitalism
The myth of cash on the
sidelines — James Bianco at The Big Picture
A flowchart of Greece
endgames — none appealing — BBC
The unexamined crisis of
2008 — Economist’s View
Monetary moves have lost
their magic — Reuters Breakingviews
Jobs are not really
being held back by deficit uncertainty — The Atlantic
The real failure at
Netflix — Abnormal Returns
Peak oil may be beside
the point — Economist
The Troy Davis case
shows how wrong eyewitness evidence can be — Slate
The Tiger Mom goes to
China — New Yorker
Overconfidence may be an
evolutionary advantage — Discover
Buy your own private
island in NYC for less than $300,000 — Curbed (via Felix Salmon)
Bank of America’s
layoffs pointless, “wouldn’t even pay the lawyers” — Huffington Post
Time to break up Bank of
America — The Atlantic
Why is the UK still
rated AAA? — FT Alphaville
New human ancestor
discovered — WSJ
The cost of a crowded
volatility trade — FT Alphaville
Workers’ malaise
foreshadows wider social issues — Mohamed El-Erian at Reuters
No, we’re not waiting
for your official recession call, economist –Josh Brown in Forbes
Your guide to living in
10 fictional worlds — Wired
Failing US economy no
reason to stop investing in print media, all experts agree — The Onion
Enough with the monetary
easing already — Pragmatic Capitalism
The US economy is
becoming more susceptible to hurricanes — Real Time Economics
How Irene lived up to
the hype – Five Thirty Eight
The War on Terror is dead
— The Atlantic
Emerging markets now
have more heft and reach than developed ones — Economist (video)
Why is the White House
defending banks from investigations? — Megan McArdle
Hurricane Irene may cause a gas-price spike — CNN/Money
Know the difference
between short-term and long-term problems for the economy — Ritholtz
Why aren’t governments
more afraid of a double-dip recession? — The Atlantic
France deserves a
downgrade at least as much as the US does — Bethany McLean in Slate
Recent market volatility
has historical precedent — Mark Hulbert
Stop worrying about
China not buying Treasurys, already — FT Alphaville
Fed hawks at odds over
their reasons for dissent — Reuters
Why Rick Perry made a
bid for the anti-Fed set – Slate
Maslow’s hierarchy of
needs gets an update — The Atlantic
How did so many people
feel one small quake in Virginia? – The Atlantic
Philly Fed coincident
indicators turning red — Calculated Risk
Treasurys are priced for
disaster — Capital Spectator
Profit recession risks
tick higher — FT Alphaville
The rich can afford to
pay more taxes — Bruce Bartlett in Economix
Everything
You Need to Know About the Latest Market Plunge [But were afraid to
ask] Minyanville Staff Aug 18, 2011 ‘After a rather benign start to the week,
markets plunged on Thursday with the S&P 500 shedding 4.5% and the
Nasdaq-100 falling nearly 5%. The main driver on the day was speculation
European banks remain insufficiently capitalized. Gold jumped nearly 25 to a
record high and Treasuries rallied. Among stock
movers, Apple (AAPL)
outperformed the indices but still dropped 3.7%, Microsoft (MSFT)
also outperformed closing down just 2.2%, Bank of America (BAC)
dropped 6% and Oracle (ORCL)
fell 8.3%.
Below are this week's top Minyanville stories examining the state of the US and
global markets.
Is It 2008 Again? Looking at the Summer Crash of 2011
A real bear market
has begun, and bonds got it right as early as February that the biggest threat
to the global economic system is deflation.
by Michael A. Gayed
Dynamics of This Market Panic Ripple Though History
The 10-year anniversary of the 1929 high ties to the beginning of World War II
on September 1st, 1939 when Hitler invaded Poland and France declared war on
Germany.
by Jeffrey Cooper
Are Gold and S&P 500 Behaving Logically or
Irrationally?
Unfortunately Mr. Market rarely embarks upon the logical until he has convinced
enough market participants to behave irrationally.
by J. W. Jones
Random Thoughts: Fed Dissention and Financial Market
Fatigue
The world's wildest reality show continues.
by Todd Harrison
Handicapping
the Global Economic Recovery
The obvious question must be begged: where do we go from here?
by Todd Harrison
Coming in October: Next Major Price Cycle Low
A major price cycle on the daily S&P 500 chart, which shows reliability in
bottoming about every 15.5 months, is due for its next low on or about October
31.
by Michael Paulenoff
Volume Trends Suggest Worst Is Not Over for Stocks
When the market rallies hard after a nasty decline, one of the first things
that can determine whether the rally's a keeper or not is volume. Here's why.
by Tim Thielen
The Sign of the Bear
When the quarterly turns down, the normal expectation is for the market to
carve out a low soon, in terms of time and price -- not to waterfall.
by Jeffrey Cooper
Economy Showing Signs of Life, but Not for Long
We're on the brink of a nice little bump from the data coming in, but on the
whole, a 1930s-style depression seems to be on track.
by MoneyShow.com
Wall of Worry Keeps Rising on Europe's Credit Crisis Fears
To make matters worse, politicians in the world's crisis-free countries are on
summer vacation.
by Lloyd Khaner
Why Is Everyone Bullish on the US?
Wall Street
will always think positively of the market, but the facts are pointing to a
bearish phase.
by Gary Kaltbaum
Five Things You Need to Know: Asymmetric Economy
Increasingly Untenable and Unstable
This situation cannot continue without adjustment.
by Kevin Depew
Fed's Easing Policy Means Worse Living Through Convexity
As the Fed removes interest rate risk through stealth QE3, it introduces other
risks, distorting incentives for investing
and weakening the economy in the long term.
by Professor Pinch
Are US Markets Facing the Abyss?
The vast majority of technicals are indicating a new bear leg.
by Jeffrey Cooper ‘
Dow
Tumbles on New Worries About Same Old Issues - Aaron Task
Who’s
Worse: U.S. Banks or Bernie Madoff? -
Stacy Curtin
WHY NEW
LOWS ARE LIKELY Simon Maierhofer, August
18, 2011 Last Sunday's (August
14) ETF Profit Strategy Newsletter update listed 5 reasons why new lows are
likely. Here they are:
HISTORIC
REVERSAL
We've been
expecting a major market top in the S&P 500 (SNP: ^GSPC), Dow Jones
Industrials (DJI: ^DJI) and Nasdaq (Nasdaq: ^IXIC). The April 3 ETF Profit
Strategy update identified the ideal target range for a major top to be 1,369 -
1,382. The chart below was featured in the same update.
It
outlines a top around 1,370 followed by an initial decline to about 1,230
(happened in June), followed by a rally (happened in July), followed by a steep
decline.
DEATH
CROSS
The death
cross is one of the most talked about technical events, that's why I don't put
too much stock in it. However, there are two interesting facts about previous
death crosses.
The 2000
and 2007 death cross occurred about three days before the S&P embarked on
its next leg down. The 2010 death cross was actually a buy signal. However, it
occurred after the S&P and DJIA bounced off a multi-year trend line. This
time the trend line was broken so a more bearish interpretation of the death
cross is appropriate.
https://www.etfguide.com/images/PDNewsletter_Images/5%20-%20April%203%20TF.jpg
SEASONALITY
August,
September, and October is the most bearish stretch of the year. September and
October sport negative performance even in the pre-election year.
SENTIMENT
From
S&P 1,370 on May 2 to S&P 1,258 on June 16, the S&P shed 112 points
and sentiment measured by Investors Intelligence (II) and the American
Association for Individual Investors (AAII) turned deeply bearish (only 37% II
bulls). The June 16 ETF Profit Strategy update took that as a queue to buy
(long positions were closed at S&P 1,340).
From
S&P 1,353 on July 7 to S&P 1,102 on August 9 the S&P lost 251
points, yet the II sentiment poll registered the second most bullish reading
since the first week of May (47.3% II bulls). AAII and II polls are often
considered the 'dumb money.' If the 'dumb money' views last Wednesday's low as
a buying opportunity, the 'smart money' should be suspicious.
VIX
PATTERN
If you
have the charting capabilities, take a moment and plot the VIX (Chicago
Options: ^VIX) against the S&P for the months of September - November 2008
and April - July 2010. If you don't have the time you may simply look at the
chart below.
https://www.etfguide.com/images/PDNewsletter_Images/yahoo%20-%20vix%20pattern.gif
What we've
seen in 2008 and 2010 is that a VIX peak did not coincide with the S&P
bottom. The S&P bottom actually occurred against a lower VIX reading. If
this pattern continues, we will see lower lows.
The August
14 ETF Profit Strategy update includes a detailed analysis of the VIX pattern.
THE
SCRIPT
Via more
or less accidental chart surfing I found a striking resemblance between the
2007 market top and the May 2011 top. This moved me to state in the July
17 Profit Strategy update that:
'There is
a similar trend line and a triple top above the trend line. A break below that
trend line could be a precursor of bad things. Next week the trend line will be
at about 1,262.' The S&P sliced through that trend line on August 4 and
fell an additional 12% within the next four days.
The August
7 Profit Strategy update revisited that script and concluded this: 'We now have
a rough script; let's see how much lip the actors will add during the live performance
(I.e. S&P downgrade).
The two
main things I have taken away from the 2007 script are:
1) There
will be a new low.
2) There
will be a powerful counter trend rally to around 1,xxx (reserved for
subscribers).'
THE
VERDICT
We got the
new low and we got a rather powerful rally. Now the question is, how long will
the low last and how high will stocks rally?
The script
suggests there will be another low. The VIX pattern suggests there should be
another price low. Seasonality suggests that there's some headwind on the way
up. Sentiment readings suggest we should be suspicious of any rally. The death
cross also suggests lower prices.
SUMMARY
There were
a number of good reasons to expect new lows on Sunday. Yesterday's ETF Profit
Strategy update recommended to go short as soon as the S&P breaks below
1,373. This happened within the first few minutes of trading today. Now it's
time to let the script play out…’
S&P
Triggers 200-day MA Death Cross - What Does this Mean? ETFguide.com
Is
This a New Bear Market? The Chart That Tells The Whole Story ETFguide.com
Why
The Worst May Be Yet To Come ETFguide.com
·
Homes Sales
Drop 3.5% in July – …
·
Jobless
Claims Rise 9,000 – …
·
Treasuries
Hitting Record Highs (record low yields) – …
·
Inflation at
the Consumer Level Rose to 0.5% in July – …
·
World GDP
Growth Slowdown - …’
Dow/Gold
Ratio Lowest Since 1987 Crash Forbes
Adrian Ash ‘Today’s gold
buyers might still get to look early birds as this depression wears on… GROWTH or defense…stocks or gold? Intra-day noise aside in summer 2011,
Mr.Market’s choice looks plain.
The Dow/Gold Ratio – a
measure of the U.S. stock market’s valuation in ounces of gold – has sunk as
equities have plunged but gold
prices have jumped so far this summer.
Dropping through 6.0
ahead of Friday’s New York opening, the Dow/Gold Ratio hasn’t been this low
since early 1989, back when world equity markets were recovering from the Great
Crash of Black Monday 1987.
http://goldnews.bullionvault.com/files/DowGoldviii11.png
That slump itself had
taken the Dow/Gold Ratio all the way down to 3.6, with gold prices
rising to nearly $500 per ounce as the Wall Street index sank to 1776 points.
Growth, of course, was only taking a pause in late 1987 – a quick breather
before the real race to perfection of the late 1990s. Today, in contrast, the
Dow/Gold Ratio could still go a lot further down. Or so says history.
Trading a little over
its century-long average of 10.0 today, the ratio bottomed during the 1930s
Great Depression at just below 2.0 ounces of gold for one Dow unit. At the
nadir of the next global depression – the inflationary depression of the early
1980s – the Dow/Gold Ratio sank even lower, down to 1.0.
Whatever flavor of
depression we’ve got at the start of this decade – and it is a depression, as Western jobs data continue to show
and as the Dow/Gold yardstick will confirm if it goes much lower (keep an eye
on the underperformance of gold mining equities, too) – a growing flow of
private savings is choosing defense in gold bullion rather
than choosing business-risk in listed stocks.
That choice might sound
self-fulfilling if you work in psychiatry or government, a kind of “clinical
disorder” open to curing with medication, zero interest rates or perhaps a
third round of quantitative easing – most likely aimed at risk assets, we
guess, rather than the “risk free” Treasury bonds targeted by QE1 and QE2 – and
which institutional investors are all-too keen to hold anyway.
So far, however,
investors choosing to buy
gold only account for a tiny portion of the money fleeing equities.
From here to a true
depression low in Dow/Gold (if such a level is reached), today’s gold buyers
will need to find many more friends. They’d also look early-birds compared with
the rush out of stocks – and into gold – needed to reach that 2.0 or 1.0 mark.’
The Great Stocks
Vs. Gold Round Trip Aug 19th, 2011 News (BusinessInsider) — ‘ When priced
in gold stocks have now returned to where they were at the market’s low-point,
back in 2009. Actually, we’re even worse now.
http://www.usagold.com/pete/newsviews/20110819GoldSPratio.jpg PG View: In 1965 De Gaulle called for a
return to an “indisputable monetary base,” one that “does not bear the mark of
any particular country.” He of course was referring to gold. As was pointed out
in a Forbes
article early in the week on the 40th anniversary of President Nixon
closing the gold window, “over the last four thousand years, the only period in which
humanity has not consistently based its currency in metal, specifically gold,
is the last forty.” And look what that has wrought…’
Ignore
Buffett's Advice, Don't Buy Stocks at
Forbes Bert Dohmen [ Yeah … this is
really good advice. As a shill for fraudulent wall street, they may have given
him some ‘stellar performances and cash to boot’; but, the homespun bumpkin
senile buffet’s analytical abilities, if ever really extant, have certainly
passed the point of no return. You may recall how the clintons, with a mere
$1,000 or so, were revealed as ‘commodities trading wizards’, but as written up
in the Wall Street Journal ‘someone was giving them money’. In fairness, that
they were singled out (was) is a bit arbitrary inasmuch as that’s going on all
the time on wall street, and now with greater precision owing to greater
computer programming capabilities, to everyone else’s detriment. Remember, in a
manner of speaking, there are two sides to every trade, viz., winner and loser
(in relative terms).] ‘The markets plunged going into August 8. On
that day, the DJI closed with a loss of 629 points. My indicators signaled that
a brief bounce would commence the next day. According to the charts, the first
target for the S&P 500 was 1205. The target was hit exactly a few days
later. That was followed by a renewed plunge.
I have been looking for
a serious crisis to start in September. It appears that we have seen the
prelude for that. The big smart money has been preparing for the past five
months.You can see the “distribution pattern” on the charts since mid-February.
The rush to the exits is now accelerating and the smart money has been selling
short in large amounts.
The extreme bullish
sentiment that prevailed until the latest plunge was first replaced by
complacency, then by concern. However, the “fear” stage is still missing,
except at hedge funds that were forced to sell because of margin calls. In
fact, during the severe plunge in the first week of August, investment investors
became even more bullish according to Investorsintelligence.com. That is not
good for the markets.
The market negatives are
increasing in numbers. The IPO window is now shut. There are signs that credit
is once again vanishing. Loans are being called in, some companies appear to
have difficulties rolling over their Commercial Paper, junk bonds yields are
soaring, European banks may stop lending to each other, and the European crisis
is spreading out across the globe. It’s my view that this will cause another
credit crisis, just as in 2008.
What’s worse is that
contrary to 2008, the big players learned to read the signs from their 2008
mistakes. They are now wide awake, although in the media, their minions still
repeat the same bullish fairy tale. This means that this crisis could develop
much faster than the last one. (Read my book, Financial
Apocalypse, which is the
2008 roadmap, one which can be used very well for what is now happening.)
The words “possible
recession” suddenly is being mentioned a lot in the media, although economists
still strongly deny that possibility. Our rule is that the stronger their
denials, the more certain and the deeper the recession will be. In fact, I
declared in our May 9 issue of the Wellington Letter that the recession had
started.
Morgan Stanley lowered
its global GDP growth forecasts for 2012 from 4.5% to 3.8%. My forecast is for
1%-2% or less. It would be negative growth except for the fudged inflation
numbers.
The European politicians
are not any smarter than those in the U.S. Merkel and Sarkozy had a meeting in
Paris and did nothing. That day I called the outcome “Disastrous” for the
markets. It took the markets a day to digest the consequences and then the
selling avalanche started. Many of the markets in Europe, led by the banks
stocks, went into virtual free falls, losing from 4%-7% in one day. Such losses
indicate an approaching crisis.
Now we see some of the
well-known Wall Street figures appearing in the media, telling investors all
the reasons why stocks are a good buy. One appeared with a long list of bullish
factors. Well, that list didn’t prevent the global stock market from losing an
incredible $6 trillion over the past several weeks. He did the same
cheerleading on national TV in 2007 before investors lost 50% of their wealth.
Warren Buffett is also
once again the cheerleader saying he is buying stocks. He did that in 2007-2008
as well, and then the meltdown started later in 2008.
I would not fall for
this self-serving advice. Words cannot rescind a recession that we already
have, it cannot stop the insolvency of entire countries in Europe, it can’t
change the fact that major profit downgrades will appear soon, and it can’t
stop the China crisis that is now starting.
Gold is soaring, but the
mining stocks look terribly weak. There is great danger now with the gold
stocks getting hit hard by less developed countries, including South Africa, to
nationalize gold mines. This is too lucrative for them to resist.
I would get out of all
money market funds unless they are “U.S. government only.” The MMFs have
big exposure to European banks. We believe that lending between banks in Europe
may seize, which means that the whole structure will start shaking. You will
start hearing the word “contagion.”
In my opinion, the
danger period is approaching. What we have seen until now is just a “preview.”
The main feature is likely to be worse.
Bert Dohmen is editor of
Bert Dohmen’s
Wellington Letter and author of Prelude To Meltdown (2007) and Financial Apocalypse (2011).’
The
"Crimes" That Wrecked The Markets Forbes / Robert
Lenzner ‘CNN’s anchor in London, Richard Quest, raised the issue squarely today
about trying to explain the “crimes” that have created this failure to recover
from the 2008 recession and the fear of another downturn in the economy
that could wipe out many of the gains we have achieved. Quest, of course, did
not mean felonies or violations of the law that would land people in prison. I
think he meant crimes of bad policy, crimes of financial illiteracy, crimes of
stupidity, crimes of poor leadership.
So, here’s my attempt to
sum up my answer to Quest.
The powers-that-be
saved the Masters of the Universe on Wall Street by using trillions of
loans, investments and guarantees that sent the signal that Finance was the
nation’s Number One Priority. This historic gift to finance meant that
the growing disparity between the super-rich and the middle class would
continue to widen, without anyone of our top policy gurus suggesting it was
splitting our nation. Some academics even worry about the “crime” of pushing
the middle class into poverty.
Nevertheless, there was
no bold strategy left to help those out of work. It was a “crime” that the
stimulus program did nothing to create any jobs in the private sector. Obama’s
economic adviser in 2009 , Larry Summers, was dead set against a make-work
program to put the nation’s skilled construction workers busy on
repairing the rusting infrastructure he finds distasteful at airports and
railroad stations. Now, we are going to be given the sop of an infrastructure
bank that couldn’t possibly be in place for years, if ever.
No question the
handling of the debt limit debacle was “crime” of poor planning, no
overall shred strategy and trying to effect a master plan for $4 trillion
cuts with only days to go before the August 2nd deadline. Keystone Cops,
whatever you wish to call it caused a loss of confidence in the nation’s
politicians; a kind of virtual “crime” on the public who deserved better. Much
better. This entire episode removed the foundations to rational expectations
for the stock market– and threw the nation into a madhouse of volatility and
confusion.
I don’t know what to
call the lapse in the markets faith in paper money– and the more-or-less steady
rise in the price of gold from $850 an ounce 3 years ago to well over $1800
today. There is no other stock, bond or commodity you could have
purchased that had this magnificent performance. Well, maybe the shares of
Apple, and some global commodity producers.
Moreover, it was a
“crime” to do nothing about the obscene bonuses taken by the Masters of the
Universe– who only were able to pay themselves in this way because of the
federal bailout. No one has tried to get back the fortunes taken away by
Lehman’s Richard Fuld, Countrywide Credit’s Angelo Mozillo–or either of
the Merrill Lynch CEOs, who helped destroy their iconic firm. Now there’s a
“crime.”
Then, there’s the
SEC’s unwillingness to reinstitute the uptick on short sales of stock– so that
hedge funds and other speculators could not trigger sharp sell-offs in the
stock market If you had this “uptick” rule back, every short seller would have
to wait for a transaction at a higher price to sell short– rather than
the libertarian “crime” that allows them to pound a stock lower to make
sure-thing profits. It’s a crime short sellers are able to shoot ducks in a
barrel. Shocking lack of fairness. No wonder Aunt Sadie is fleeing.
No doubt there were
“crimes” committed in the week of volatility, with gyrations that scared the
public. These movements up and down were caused by the high frequency trading
by computers owned by hedge funds– who are not investors– but in-and-out
traders several times a day and who have no regard for fundamental
values. These Masters Of The Universe have the ultimate power in
American society because of their political contributions and lobbying.
I believe Obama’s health
plan to be a “crime” because it was a sellout to the 5 giant health insurance
firms that were given 4 years clear and free to raise their premiums without
interference. It was a “crime” because Obama was told by leading Senators it
was a terrible sellout of the citizenry.
I don’t know what to
call the bankruptcy of fiscal and monetary policy. In some existential
sense it is a “crime” that we have run out of fiscal and monetary
ammunition to turn this collapsing shock treatment around. It is a “crime
that 300 million people will be looking for Ben Bernanke, Fed Chairman, to pull
a rabbit out of a hat in Jackson, Wyoming next week, when central bankers are
meeting. QE2 came from last year’s meeting– but it created no jobs.
The same will be true
after Labor Day when the much-ballyhooed Obama speech on jobs is coming.
I fear expectations are going to be terribly disappointed. Expect
rhetoric as in “We have always been a Triple A nation– and we always will be
Triple A. ” That was a “ crime” of speaking mush, when 300 million people know
better, and wanted to hear something meaningful. Not to have bold, kick-ass
leadership at a time of crisis is a sad sort of a “crime.” ‘
Accounting
Gimmics Resurface as Growth Flounders at
TheStreet ‘-- Accounting gimmicks -- once the staple of the
boom-boom stock market -- are on the rise as companies attempt to convince analysts
and investors that they are profitable despite a sluggish economy, according to
industry watchers. Accounting
techniques of Groupon and Zynga were under the spotlight recently, with the
Securities and Exchange Commission instructing both companies to adhere to more
stricter and conventional accounting standards, causing them to amend their IPO
offer documents.
The creative metrics in
the IPO documents of recent social-media IPOs are reminiscent of the dot-com
bubble when stocks were valued on metrics like
"eyeballs", while fundamentals like revenues and profits were
ignored.
Rebekah Smith, director
of financial advisory services at
accounting and consulting firm GBQ consulting, says accounting tricks and
schemes are likely to start unraveling as we head into 2012 and the lag effect
catches up. "The typical accounting fraud goes on for about 18 to 26
months before it is uncovered. The frauds that took place in 2009 are not going
to surface until later in 2011 or into 2012."
Financial statement
fraud like the kind that took place at Enron are rare. The Association of
Certified Fraud Examiners estimates that such manipulation accounts for only
4.8% of total fraud cases, although it causes the most financial damage, with
the median loss being more than $4 million.
But accounting gimmicks
that focus on non-GAAP (Generally Accepted Accounting Principles) measures are
rampant and they can be misleading.
Groupon, for instance,
claimed that the marketing expenses incurred to acquire customers were
"one-time investments" and hence they should be excluded from the
calculations of operating income.
By that metric the
company made an operating profit at $81.6 million in the first quarter of 2011,
as opposed to an operating loss of $113.9 million under traditional accounting
standards.
However, analysts were
quick to point out the metric was absurd. "If you are going to capitalize
acquisition costs, the onus is on you to show proof that acquired customers
stay as customers (and actually buy products for many years)," Aswath
Damodaran, Professor of Finance at Stern School of Business and a reputed
author of textbooks on valuation, wrote in a blog post.
"With strong
competition from other online coupon based companies (like LivingSocial), it is
entirely possible that customers once acquired, are fickle and move on... If
that is the case, the acquisition cost has a very short amortizable life and
begins to look more like an operating expense," he wrote.
Zynga issued a
restatement of its second quarter results saying it did not hew to accounting
standards in the way it estimates how long people play its video games. That
had the effect of understating revenues during the second quarter. While the
impact of the Zynga's restatement itself was not substantial, it highlighted
the murky accounting involved when it comes to new business models. "There is a new market of publicly
traded companies with business models that open more room for interpretation on
how revenues and costs should be treated. We do see some aggressive accounting
techniques" says Dan Mahoney, director of research at the Center for
Financial Research and Analysis, a unit of MSCI that specializes in forensic
accounting.
Smith of GBQ Consulting
says there is a greater risk of financial statement manipulation at such
new-age businesses. "We have a lot of new business models and people are
still trying to understand how the finances of these companies work," she
said. "Companies get to decide what to tell them[investors] on how their
industry works. They decide what the metrics should be."
While in a traditional
sector an astute analyst might call a company's bluff, it is harder when you
don't have history as a guide. "We don't have a typical 10-year history.
As a financial professional, you can't make a conclusion on what the financial
metrics should look like," says Smith.
Mahoney at CFRA says
companies with high valuations are also ripe for these sort of gimmicks, as
they are under pressure to sustain valuations.
While in a traditional
sector an astute analyst
might call a company's bluff, it is harder when you don't have history as a
guide. "We don't have a typical 10-year history. As a financial
professional, you can't make a conclusion on what the financial metrics should
look like," says Smith.
Netflix(NFLX) has been
criticized in the past for its calculation of subscriber churn rate, which
looks at the number of cancellations as a proportion of subscribers. Netflix's
method has the effect of overstating the subscriber base, thus making the churn
rate seem lower.
Analysts have over time
learned to adjust for this inconsistency. And as it turns out, the movie rental
firm has drastically
limited the metrics it is willing to provide , saying that in 2012 it will
no longer report churn, gross subscriber additions and subscriber acquisition
costs.
Problem solved.
Stern's Damodaran says
companies resort to these tricks because the market analysts simplistically
assign multiples to a profit metric. All companies have to do is "make a
change that affects earnings and you can change the valuation," he says.
"Investors need to understand what Groupon's business model is, what their
potential market is, who are they going up against."
--Written by Shanthi
Bharatwaj in New York
>To contact the
writer of this article, click here: Shanthi
Bharatwaj. ‘
Morgan
Stanley Biggest Welfare Recipient as Federal Reserve Lent Banks $1.2 Trillion
During Financial CrisisWall St. Cheat
Sheet
Dow:Gold
Ratio and the Secular Bear Market at
Minyanville Toby Connor Aug
23, 2011 ‘However low the risk, large potential trades are now in the stock
market, not in playing chicken with the gold parabola.
As I have been warning investors
for many months, stocks have now entered stage III of the secular bear market.
Gold, on the other hand, is now in the final parabolic phase of a 2.5 year C
wave advance.
My best guess was that we would see a Dow:Gold ratio of between 5-6 before this
C-wave ended. The ratio was at 5.71 as of today. I think we may still have a
little further to go on the downside for stocks
and a little further upside in gold. So it's entirely possible that we could
see a Dow gold ratio of 1:5 before the trends reverse.
http://image.minyanville.com/assets/FCK_Jan2011/File/August11/tobyc8231.JPG
Click to enlarge
However low the risk, large potential trades are now in the stock
market, not in playing chicken with the gold parabola.
Cyclically the stock market is now in the middle of the timing band for an
intermediate bottom. Presumably a sharp bear market rally in stocks will
trigger a regression to the mean, profit-taking event in the precious metals
market (the D-wave).
D-waves almost always test, and sometimes marginally penetrate, the 200-day moving
average. I've illustrated in the chart above a rough guess as
to where I expect the countertrend rally in stocks and the D-wave correction in
gold to retrace.
Keep in mind that the fundamentals for gold have not changed. A D-wave is
simply a profit-taking event triggered by an unsustainable parabolic rally. It
has nothing to do with fundamentals. Once the D-wave has run its course, gold
will enter a sharp snapback rally (the A-wave), after which it should
consolidate for the remainder of the bear market in stocks.
Stocks, on the other hand, after what should be a very convincing bear market
rally, will roll over and continue down into a final four-year cycle low,
probably in the late summer or early fall of 2012.
Depending on whether or not the Fed tries to fight the cleansing process, or
Ben Bernanke tries to stop the bear market with another round of quantitative
easing, stocks should either test or breach the March '09 lows.
Either way I expect that 2012 will go down as one of the worst years in human
history. Certainly in the same category as 1932, if not worse …’
Is the
Market Forecasting War? {
Kind of a ‘large dart board’ in terms of ‘educated guessing’ in light of the
perma-war ‘bent’ of these perma-war ‘bent’ nations; viz., ie., u.s., israel,
europe, etc.. } [ If so, and if this
writer’s correct, all nato’s and america’s misguided actions in the Mideast
will be viewed as an attempt to weaken Arab nations for the benefit of
war-mongering israel and will never be forgotten as such, to the substantial
detriment of the dying so-called western alliance. ]
End Of
Cycle Smelling Like Dow 3K, Gold 3K Forbes
/ Bill Bonner
‘ Listen up, dear reader
herein we announce an historic Daily Reckoning forecast. Here’s your north
star, your compass, your GPS to the future. Print it out. Paste it to your
refrigerator:
About the
turn of the century, two markets turned Gold turned up Stocks turned down These
major trends will end Whence they meet
Our view
is that the bear market began in January 2000. The feds fought it off with two
huge extravaganzas of spending — the first beginning in 2001 the other after
2008.
Stimulus
does wonders for stock prices but it no longer works for the economy that
sustains them. For every dollar that the Fed has put to work to fight the
crisis since 2008, for example, it has produced only 80 cents worth of GDP. It
didn’t work.
Fighting a
credit contraction with more credit is a losing proposition. Eventually,
investors are bound to realize that stocks are headed down. Eventually the bear
market will resume. And eventually it will come to an end.
But when?
Our guess is that it will end when the Dow and the price of gold arrive at the
same point — probably around $3,000. Whatever the number, you’ll be able to buy
the entire group of Dow stocks for the price of one ounce of gold.
Of course,
our view is a minority one. Warren Buffett doesn’t buy it. Most investors
don’t buy it. We don’t even suggest that you buy it, dear reader. Just remember
it. If it turns out as expected, we want to be able to say ‘We told you so.’
And if it
doesn’t work out? Please have the grace to forget we mentioned it.
We would
like to be able to predict the future, but we’ve never gotten the hang of it.
We’re just guessing.
But since
we’re just guessing, we don’t see why we should hold back.
We’re also
guessing that…
…the
weight of so much debt is depressing growth…and will soon depress stock prices
too…
…that the
economy is becoming zombified from too much government money…especially the
military…
…that Mr.
Market is ready for a long bear market anyhow; he’s tanned, rested, and ready
to go to work
…that the
US is following in Japan’s footsteps…towards a long period of on-again,
off-again recession
…that the
recession of ’08-’09 in the US never actually ended…
…and that
stocks will go down over the next 5-10 years until they finally hit a real
bottom.
Our guess
is that gold goes down, shakes out the speculators and weak investors and then,
perhaps a couple years from now, perhaps longer — begins its third and final
phase.’
Back-to-School
Sales Looking Blahat The Wall Street
Journal
How much
higher can Apple shares go without Jobs? (Reuters) [ Or the market
without jobs? … The answer euphemistally is not much … but more accurately
should be not all and down quite a bit! ]
Arguments
for Being in the Crash Camp Conor Sen Aug 29, 2011 ‘If you want to take risk, only
own things you're willing to own in a down 20-30% tape, because that's what we
could see over the next month. ‘This
piece is going to read a bit like an inner monologue in the hopes that seeing
how I wrestle with conflicting ideas may help with your own thought process.
One of the responsibilities of putting your thoughts online for public
consumption is only writing when you think you have something worth reading.
After awhile you accumulate a portfolio of pieces and can see common themes
in your writing, the struggles you've had, and whether you've been on the mark
or not. And this summer I've written primarily about three topics: 1) the 2011
consumer tech IPO names led by Groupon, LinkedIn, and Zillow, which I've done a reasonable job with, 2) pessimism about the debt ceiling deal being resolved early
due to the intransigence of the 2011 GOP, which I also feel I analyzed well,
and 3) the ongoing macro tug-of-war between compelling valuations and the
escalating European debt crisis, which I've gotten wrong.
The closest I got was in a June 24 piece where I wrote,
"My experience in
2007-08 taught me that in credit contagions understanding these dynamics is all
that matters. Charts don't matter, macro data doesn't really matter, and until
the contagion stops valuation doesn't really matter either. A $1 bill could
trade for 70 cents if firms need to raise capital."
That's what I fought earlier this month, convinced that valuations for some
blue-chip firms and not-as-bad-as-people-think macro data
would be good enough. It hasn't been. The problem is, I thought about the issue
too narrowly, focusing only on European sovereign spreads without seeing the
second-order effects those spreads would eventually have. As sovereign spreads
for the European periphery widened, governments responded by imposing austerity
measures, which have now flowed through to the point where Europe may be back
in recession. Here's one measure of the trend in economic activity for the key
European countries.
http://image.minyanville.com/assets/FCK_Jan2011/Image/LisaCatchJUNE2011/plummet1.jpg
With sovereign spreads stressed and economic activity rolling over, European
banks have been under pressure, both the equity and of course the credits, with
credit default swaps for European banks at wider levels than they were in
2008-09.
http://image.minyanville.com/assets/FCK_Jan2011/Image/LisaCatchJUNE2011/plummet2.jpg
The problem with this is that credit
spreads and equity prices are intricately linked, as this
chart from Goldman Sachs shows comparing the spreads of the key iTraxx Main CDS
index with the STOXX 600 index, Europe's equivalent to the S&P 500.
http://image.minyanville.com/assets/FCK_Jan2011/Image/LisaCatchJUNE2011/plummet3.jpg
And in a leveraged, interconnected world, a systemic problem somewhere flows
everywhere else, as investment-grade and high-yield credit indices in the US
show.
http://image.minyanville.com/assets/FCK_Jan2011/Image/LisaCatchJUNE2011/plummet4.jpg
The key question I've asked this week is: Can European banks, or Bank of
America, fund themselves right now? The answer is no. That's a problem. If
economic data were getting better, even on a green shoots basis, that might be
one thing, but just about every data point we've gotten out of Europe recently,
or Philly Fed here in the US, has been negative on a second derivative, and in
many cases, a first derivative basis.
If we knew that fiscal and monetary policymakers were ready to fire bazookas
and gas up their helicopters, that'd be a different story. In 2008-09 we got a
big fiscal stimulus package out of China and a lesser but still sizable one in
the US. Today we have both the US and Europe looking to cut spending, not
increase it. On the monetary policy front, the ECB actually raised rates this
summer, and Ben Bernanke's speech at Jackson Hole on Friday shows that either
he doesn't think additional stimulus is needed, that it won't help, or that
there's too much political risk
to take bold action, precisely the problem he said hampered the Japanese in his
famous 2002 speech on deflation.
Most worrisome of all might have been comments out of German Chancellor Angela Merkel last weekend,
when she said, “Politicians can’t and won’t simply run after the markets. The
markets want to force us to do certain things. That we won’t do. Politicians
have to make sure that we’re unassailable, that we can make policy for the
people.”
This is after a 25% drop in the DAX, and the leader of the country that holds
all the cards in Europe says that she won't be bullied by markets. The
Bernanke/Merkel/Trichet put may exist, but its strike price appears to be a lot
lower than many thought.
When nearly every major bank in Europe has a credit spread north of 300bps or
is headed there in a hurry, I'm not going to make the argument that so-so US
economic data, solid earnings,
and attractive valuations will win out in the short term. Markets are cruel and
merciless when it comes to leveraged institutions under financial stress. In
2008-09 to combat this we got TARP, the AIG (AIG)
bailout, the stimulus package, the Temporary Liquidity Guarantee Program
(TLGP), a whole host of other short-term funding
programs from the Fed, and finally in March of 2009 we got green shoots, second
derivative improvements in the economy. Today we have, "Most of the
economic policies that support robust economic growth in the long run are
outside the province of the central bank." If the SPX went to 700-800 we
would see multi-generational bargains for a whole host of names, many of which
would trade at around cash value plus a 2-3 multiple on earnings. But
structurally, there's no reason why it can't happen. If you want to take risk
here, only own things you're willing to own in a down 20-30% tape, because
that's what we could see over the next month.’
Stocks
Woosh Higher in Vacuum, Now Perfectly Poised for Disappointment at The Wall Street Journal
What
to Expect Next From the Markets at
Minyanville Jeffrey Cooper
Aug 29, 2011 ‘Conclusion: It looks
like a program was run using the least amount of dollars to goose the indices
by focusing on some big cap names like Apple (AAPL),
Amazon (AMZN),
Baidu (BIDU), IBM
(IBM),
and Caterpillar (CAT) on Friday.
That is why the market is so dangerous here ‘
‘From a technical perspective, the markets are looking dangerous
right now. On Friday, a big buy program was run for Ben Bernanke’s speech after
running the stops and getting traders short.
The S&P buckled after breaking the 1154 mid-point of the recent range,
running the stops and trapping shorts for good measure on a Pinocchio of the
key 1140 support, as
offered in the last report.
However a first hour low was scored in a mirror image of recent first hour
highs and I sent an
alert to cover shorts. Combined with Bernanke’s speech, the flip was
switched to save a poor weekly close when the S&P recaptured 1154.
A 10 minute chart of the SPY shows a downside ORB (a break of the opening range
defined by the first 30 minutes) to flush the stops, and then an ORB Reversal
back through the level of the downside pivot, followed by a powerful Reverse
ORB on a thrust back through the top of the opening range implying a trend day
to the upside.
http://image.minyanville.com/assets/FCK_Jan2011/Image/cooper/0811/29/ARCX_SPY_10%20--%20SPDR%20S&P%20500%20TRUST.jpg
The promise of the Catapult ORB -- first to the downside then back to the
upside -- was further fulfilled on penetrating topside lateral resistance above
117 SPY.
In so doing, the notion of a Fed Cha Cha Cha was turned into more of a
jitterbug for the shorts to run for cover.
The ensuing extension by the SPY led to a retracement back to the low of
Thursday’s high bar.
Thursday gave a first hour high while Friday gave a first hour low as the
robots play ping pong with tape.
One might fairly call Friday the “case of the missing ‘cha’".
Typically following Fedspeak, there is a sequence of 3 moves in opposite
directions with the third move being the genuine bias.
In Thursday morning’s report I suggested that the direction
following the first hour on that day should be the bias into the
weekend. There was a change of character in the dynamics which the Reverse ORB
did a good job of identifying.
There is another short term change in character implying a continuation on
Monday morning (whether that will define a first hour high again near the
important 1180ish resistance remains to be seen).
That short term change in character is set up by Friday’s Reversal of a
Reversal, or what I call a ‘Kaiser Soze’.
Why? The important Three Day Chart Turned down on Monday as the S&P traced
out 3 consecutive lower daily lows. In addition, Monday saw the Weekly Swing
Chart turn down.
http://image.minyanville.com/assets/FCK_Jan2011/Image/cooper/0811/29/SPXweeklyJulyb.jpg
Click to enlarge
The fact that the turndown was marginal and defined a low immediately in terms
of both time and price was a bullish indication of a short term test and a
potential short term “W” bottom on the daily charts.
The takeaway was a multi-day rally which played out, finally satisfying a kiss
of the overhead 20 day moving
average which the S&P failed to accomplish on the first
rally off the lows.
http://image.minyanville.com/assets/FCK_Jan2011/Image/cooper/0811/29/INDEX_$SPX_D%20--%20S&P%20500%20INDEX%20%7BDelay20%7D.jpg
The tag of the 20 dma, which played out on Thursday, was the first test of that
trendline since the Cascade
Setup began in July.
A pullback to the 20 dma is referred to by many traders as the Holy Grail for
its effectiveness in defining a reversal point -- especially the first time.
Like clockwork, the S&P was rejected by the 20 dma on Thursday in concert
with a turnup of the Three Day Chart. This defined another high, setting up a
continuation trade for Friday to the downside.
However, a funny thing happened when the bears pressed the case of the “yes we
have no QE3 Bananas for you” speech at the Jackson Hole forum -- the S&P
left a Reversal of a Reversal, stopping right at the 20 day moving average and
flirting with an extension above it this morning. This would coincide with a
breakout over a trendline from late July.
Not all breakouts are created equal, as we saw with the breakout to a new high
in May this year and also on the short-lived trendline breakout into the
important July 7th pivot high.
http://image.minyanville.com/assets/FCK_Jan2011/Image/cooper/0811/29/SPXdailyAprilb.jpg
Click to enlarge
My rule of thumb is that breakouts and upspikes in persistent bear phases are
made for the selling. However, as the weekly chart of the S&P shows, the
index will turn its weekly chart back up on trade over last week's high of
1190.68 (Thursday’s first hour high).
The normal expectation is that this would set up another high, but because of
the pattern of the W bottom, the constructive behavior on last week's turndown
of the Weekly Swing Chart, and because the S&P is poised to pop over its 20
dma this morning which coincides with a breakout over a declining trendline,
there is a likelihood that the bears will keep their claws in their pockets and
the bulls may snort a little. While I would give the market its due on the
upside if the action is constructive following the turn up of the weekly chart
-- which the futes suggest will occur near the open -- I am not too interested
in being long more than a few hours and overnight.
Be that as it may, a further change in short term behavior and constructive
action following a turn up of the Weekly Swing Chart suggests a move to/over
1208, the recent swing high.
At the same time the the
55-day panic point from the July 7th pivot window does not close until August
31st, so this is tricky here. However, the market is not a fine Swiss watch and
when it comes to these cycles one must allow for plus or minus a few days. I
think we should key off the behavior following a turnup in the weekly chart and
the action following the first hour. If the trend is still in runaway down
mode, another high could be defined quickly. I would exercise some patience
here and let the market speak.
The cycles suggest another short-term plunge into September 3rd and then a
bigger rally to 1220 or higher into/around the end of the first week of
September to September 11th. It then suggests another plunge that undercuts the
1100 low to possibly as low as 1018ish. If a flush of the lows plays out under
1100, it could mirror the pattern from 1937 or 1938. In other words it could be
a fractal of the first waterfall decline with a marginal undercut, or we could
see a deep flush of the lows.
The takeaway is that not all W bottoms are created equal. Often a W V pattern
plays out. This is the pattern that played out from the triangle/consolidation
in late 2008 to the “V” in March ’09.
http://image.minyanville.com/assets/FCK_Jan2011/Image/cooper/0811/29/DJ-30%201937%20-%201938%20final%202.jpg
While the institutional bulls are caught long on the trap door setup from
August, a little strategy is required: above 1180 and then 1200 could see the
S&P test 1220ish. This marks the double tops from April/November 2010. When
the market knifed though those prior highs, which should have been ultimate
support if the trend was still healthy, the Head & Shoulders Top projection
to 1150 at a minimum became irrefutable. Those prior peaks near 1220, now
broken, should offer substantial resistance. However, with many funds trapped
short and everyone looking for a test of the neckline near 1250/1260 and a test
of the 200 day moving
average as it turns down, reconfirming the sign of the bear,
it’s anybody’s guess if the sellers let it get back there -- at least in
September. Perhaps a test of the 200 day plays out after a ‘W V’ and a flush of
the lows, leading to a big “Bankers Rally”/Christmas rally to rescue bonuses, like
in 2007.
Conclusion: It looks like a program was run using the least amount of dollars
to goose the indices by focusing on some big cap names like Apple (AAPL),
Amazon (AMZN),
Baidu (BIDU), IBM
(IBM),
and Caterpillar (CAT) on Friday.
That is why the market is so dangerous here -- because despite big gains in
these names when a big fund turns around to liquidate, they find few
substantial bids on the way back down and these same stocks
can be down 4 and 5 points again with another 400 point DJIA down day. When
exactly that next break comes is anybody’s guess, but cycles suggest it is
sooner rather than later. I would be patient about being too long for more than
a few hours to a day or two for the time being. With everyone looking for the
Big Backtest of the 200 dma, it is also anybody’s guess as to when that arrives
-- from here or following a flush out of the lows. With everyone eyeing
perceived targets of S&P 1220 to 1250, will the market just burn out here
with everybody waiting and with an undercut of the lows having to play out
before a better rally into year end? It is interesting that the war cycle from
1990 -- when Iraq's invasion of Kuwait on August 2nd precipitated a market
waterfall -- that there was a July pivot high as there was this year.
In 1990 there was no low until October. August 2, 1990 was 252 months ago,
tying to the big September 3rd historic cycle (which includes the 1929 all time
high). In addition we have the 120 month anniversary of 9/11 and that Spike
& Reversal pattern coming up, so I think a lot of volatility remains in
store and patience and discipline will be critical no matter how good a short
term change in character appears.
Strategy: I would look to scalp long above 1170 and scalp short below 1160.
Monday may hold up, but it will be interesting to see if we reach the high for
the week today -- in bear phases the first hour of the session often times
scores the high for the day. If Tuesday is a reversal day, I suspect the market
will trend down into the Labor Day weekend. If the market rallies up into the
weekend it should define another ledge and jumping off point.
Gold broke according to expectations early last week from just above 1900.
Another short sets up in the 1820 zone if it hasn’t already topped with a
turnup of the daily charts on Friday. Ditto iShares Silver Trust (SLV). The next
break should target 1660 and below that 1590.’
Obama's
Legacy: A Failed Recovery & Double-Dip Recession Forbes / Mariotti ‘There will be no
significant recovery in the United States of America while Barack Obama is
President. The evidence is overwhelming: everything Obama has tried
to fuel a recovery (with his Democratic allies in Congress) has failed.
Statistics claiming jobs saved by the stimulus package were mostly fiction, and
cost American taxpayers about $275,000 each. Nearly 2-1/2 million fewer
Americans have jobs than before the stimulus.
Barack Obama has been President for 30
months—2-1/2 years. He spent the first year obsessed with passing Obamacare, a
program that doesn’t create jobs, but might destroy a lot of them. He
“bailed out” GM, but many believe that his interference didn’t save GM; it
merely cost taxpayers an extra $15-20 billion, and stole from legitimate
investors to buy off the UAW. His broken campaign promises are too
numerous to list. At some point, his statute of limitations on blaming
Bush runs out. The latest joke is that the White House is that
named the location of East Coast earthquake near DC “Bush’s Fault.”
Obama
himself said, “…that after three years, if the economy wasn’t fixed he should
be a one-term president.”
Clearly the economic malaise started on
George W. Bush’s watch. Its causes will be argued for decades, but most
of them are traceable to irresponsible lending and excessive spending— both by
government and the American people. The trouble that started before 2008
is directly traceable to actions (or inactions) of Bush and GOP allies in
Congress. They spent America into the start of the current deficit during
his eight years in the White House.
But
that was then, and this is now. Since Obama took office the situation has
gotten much, much worse. Obama has run up the deficit at more
than twice the rate Bush did. During the first quarter
of 2011, the US economy “barely grew” —at 0.4%—that was followed by second
quarter’s “anemic growth” of 1%. This was during the period when the
Obama recovery was supposed to be well underway. Employment data is
unremittingly terrible: new jobless claims are stuck at 400,000+/- each
month, with job creation well below what it takes just to absorb new workforce
entrants. More Americans have been unemployed longer than ever in our
history. And looking ahead, the news is not good.
This
is Obama’s failed American recovery, and in the near future, Obama’s impending
double-dip recession (thanks in no small part to his three
consecutive years with Trillion-dollar in deficits that have inflated the
national deficit to soaring heights—$14+ Trillion.) That legacy clearly belongs to President Barack Obama
and with help from the Congress led by Harry Reid and Nancy Pelosi during
2008-2010. Thanks to them, our country hasn’t even had a budget
since Obama took office.
The latest Obama Blame Finger pointing
focuses on the “Tea Party” as “extremists” who have a problem with astronomical
deficits as far as the eye can see. (Pointing at Bush is getting a little
old since he’s been out of office for 2-1/2 years). Obama needs a new
scapegoat. The problem with the Tea Party is that it is like the child in
the fairy tale, “The
Emperors New Clothes.” The child is reviled for pointing out
that the emperor is naked. Thus, the Tea Party is not wrong, just
unwelcome.
Now Obama also wants to point the Blame
Finger at the GOP House for the downgrade in the US debt rating by Standard and
Poor’s. It seems that he believes that everyone else is to blame but
him. That downgrade was predestined by the combination of irresponsible
spending and Obama’s clueless attempts to throw money at a recovery to no
avail. Spending $1.50 for every dollar of revenue, running trillion
dollar annual deficits is reason enough for a downgrade in the US debt rating.
Face it folks: This is Obama’s failed recovery. And if (or when) it
comes to pass, this “double-dip” recession (just around the corner) is his too.
Make no mistake, there IS plenty of
blame to go around. About 75% of Americans are fed up with both Obama and Congress.
The conservative and liberal factions of the House and Senate behaved
badly in the recent debt ceiling negotiation. President Obama wanted to
stay above the fray so he provided no leadership. He didn’t even know
how to bring the opposing viewpoints together. He talked about
bi-partisanship and consensus, but his actions disproved his words.
Until the president saw an impending
disaster, he sat on the sidelines, afraid to do anything that might hinder his
reelection campaign. Then, when his intervention didn’t help, and
arguably hurt the progress, he grew impatient, petulant and angry.
John Boehner, however, did an admirable
job trying to build a compromise deal on the debt ceiling, and get his own
Caucus to support such a plan. Except, Obama was attacked by his liberal
base for even considering the “grand bargain,” so he came in and dumped another
“raise taxes more” demand on Boehner. I’d have walked out too, which
Boehner was right to do.
But
at least they were arguing about the right thing: how much to cut spending and
how.
The Tea Party’s desire for fiscal
responsibility is right, but it doesn’t mean that tax revenue can’t be
increased. It can; how it’s done is what matters. The tax code
desperately needs to be restructured. Simply digging in on old positions
doesn’t help; it hurts. The goal
is to “get the country working again,” and grow our way out of this mess.
The one phrase of President Obama’s
that I agree with is “Country First.” But John Boehner was the one who
tried his best to put “Country First.” If Obama truly chooses that as his
2012 campaign slogan, it will reek of hypocrisy.
If the members of Congress would put 1)
country first, 2) constituents wishes next, and 3) personal agendas last, they
might be able to work together to find a way out of this mess.
What happens in the Super-Committee of
Twelve will be both revealing and predictive. Either America’s
Congressional leaders will—or won’t—put "country first" and try to
find common ground and reasonable compromises to lead America out of this mess.
Whatever happens, this failed recovery
and impending recession belong to President Barack Obama. His
condescending explanations of why “we Americans” don’t get it, how “this will
take a long time,” this recovery, and his “class warfare” about “millionaires
and billionaires” versus the “common folk” are all wearing thin.
This kind of rhetoric won’t solve
America’s problems. It
takes strong, informed, and experienced leadership to get through a mess like
this one. We need a fixer, not a hypocritical speechmaker in
the White House. Barack Obama is not that man. A wise man once told
me, “The
person who got you into a problem is seldom the one who will get you out of
it.” That’s
why there will be no recovery on Obama’s watch…’
http://dailybail.com/storage/chart-real-unemployment-3.gif?__SQUARESPACE_CACHEVERSION=1314981227699
’It’s now above 23% with the August update.
Details from John William’s Shadow Stats.’
Shadow Stats ‘The seasonally-adjusted SGS Alternate
Unemployment Rate reflects current unemployment reporting methodology adjusted
for SGS-estimated long-term discouraged workers, who were defined out of
official existence in 1994. That estimate is added to the BLS estimate of
U-6 unemployment, which includes short-term discouraged workers. The U-3
unemployment rate is the monthly headline number. The U-6 unemployment
rate is the Bureau of Labor Statistics’ (BLS) broadest unemployment measure,
including short-term discouraged and other marginally-attached workers as well
as those forced to work part-time because they cannot find full-time
employment.’
Deja
Vu All Over Again: Total US Debt Passes Debt Ceiling… In Under One Month Since
Extension Sep 2nd, 2011 News (ZeroHedge) — ‘Remember when one
month ago the US, to much pomp and circumstance, not to mention one downgrade,
announced a grand bargain raising the debt ceiling from $14.294 trillion to
something much higher, with a stop gap intermediate ceiling of $14.694
trillion, or $400 billion more. Well, as of today, or less than a month since
the expansion, total US debt is at $14.697 trillion. Yep – the total debt is
again over the ceiling, which means the US debt increased by $400 billion in
one month. Score one for fiscal prudence. And while the total debt subject to
the limit is still slightly less, at $14.652, one week of Treasury auctions and
will be time for Moody’s to justify again why the US is a quadruple A
credit. http://www.usagold.com/pete/newsviews/DebtCeiling.jpg ‘
Global
Recession: Right Here, Right Now at
Minyanville Mike Mish Shedlock
Sep 02, 2011 Why are we talking about avoiding recession when the global
economy is clearly in one and fundamentals are horrendous?
‘It's time to stop debating whether or not the US or Europe is headed
into recession. The facts show the entire global economy is in recession.
Global Recession Supporting Data-Points
Ten Thoughts
1. Prior stimulus in the US is dead, having run its full course.
2. There is no incentive in the US Congress for more stimulus.
3. Austerity measures have yet to hit Italy and France.
4. Austerity measures will continue to bite Spain, Greece, Ireland.
5. Germany's export machine will die without the rest of Europe.
6. QE3 will fail much sooner than QE2 as interest rates already extremely
accommodating.
7. Gold may respond well to competitive currency devaluation schemes.
8. The Eurozone is highly likely to breakup, although timing is unknown.
9. Global equities and commodities are priced for perfection.
10. Perfection is not happening.
Talk of avoiding recession when the global economy is clearly in one and
fundamentals are horrendous is sheer lunacy. For more, see Mish's Global
Economic Trend Analysis here.’
U.S.
Postal Service nearing bankruptcy as email asserts its dominance [Good! Let UPS take them over … the
usps is totally unreliable]
‘Brendan posted earlier about how Citigroup is getting worried about profit
margins. They’re not alone — Soc Gen’s in-house Dr. Doom, Albert Edwards, has a
note today with his own take on the subject.
Shockingly, Mr.
Edwards’s take is downbeat!
While Citi focused on
the impact of government spending on corporate profits, Mr. Edwards zeroes in
on the recent collapse in productivity and surge in labor costs and what they
say about margins:
Last week the BLS
revised the unit labor cost rise in Q2 up from 2.2% to 3.3% quarter over
quarter. US non-farm business unit labour costs are now rising by 2% year over
year. That is very bad news for profits. Bad news for equities. And because the
pace of ULC is a key driver of inflation (upwards in this instance), it is bad
news for an increasingly criticised and divided Fed.
Since labour costs
overwhelmingly dominate corporate costs, trends in productivity are crucial to
the pace of growth of company profits. If unit labour cost growth is below unit
price inflation, then unit margins are expanding. This, together with unit
sales growth (and the less important unit non-labour costs), arithmetically
determine profit growth.
Typically, productivity
growth tends to ebb and flow with the economic cycle – i.e. productivity tends
to rise as the economy accelerates and vice versa. Therefore unit labour costs
tend to fall sharply early in economic recoveries (as has happened recently),
but typically begin to rise and eventually exceed output price inflation later
in the cycle.
When unit labour costs
start to rise quicker than output prices, as is the case now, this tends to
exert an upward pressure on inflation as companies try to maintain margins. The
pass-through of this upward pressure on inflation is largely determined by the
pace of the cycle. If demand is robust, inflation will rise. If demand is weak and companies cannot pass on cost
increases, margins and profits get crushed. That is the tipping point we have
now reached.
And Wall Street
analysts, in a truly shocking development, actually seem to be paying
attention, Mr. Edwards writes:
[W]e should not be
surprised at the pace of deterioration in analyst earnings optimism: in fact we
have seen a near record rate of decline in US estimates over the past six
months. In Europe things are even worse! As Andrew Lapthorne shows in this
week’’s Global Equity Market Arithmetic, European (ex UK) the level of analyst
optimism has now dived to 24%, a level only ever reached in recession.’
Prepare
For Recession And Bear Market at
Forbes Sy Harding, ‘Brace yourself for a recession.
Central banks around the
world seem to be doing so, making little effort to prevent it this time around,
resigned to letting the business cycle play out.
Stock markets around the
world also seem to be doing so. In anticipation of economic slowdowns that
won’t slide all the way into recessions, stock markets normally decline only
into corrections (declines of less than 20%). But they plunge into bear markets
when recessions loom.
And global stock markets
outside of the U.S. are already in full-fledged bear markets. That includes 10
of the world’s 12 largest economies, the exceptions being only the U.S. and
Canada.
In order of the size of
their economies, at the recent August lows the stock market in China, the
world’s second largest economy, was down 23% from its November peak, Japan down
21%, Germany down 30%, France down 29%, the United Kingdom down 21%, Brazil
down 33%, Italy down 39%, India down 25%, Russia down 28%, and Spain down 29%.
The exceptions were the U.S. and Canada, which at their August lows were down
only 16% (the Dow) and 18% respectively.
The recession and bear
market are coming to the U.S. too, and may have already arrived.
You can be sure of that
because it’s been one world economically for years, and historically global
economies and stock markets tended to always move in and out of recessions and
bear markets together even before their dependence on each other became so
pronounced.
You can be sure of it
because central banks seem willing to let it play out this time as in days of
old, without intervention.
In the financial crisis
of 2007-2008, it took a massive coordinated effort by global central banks to
pull the world back from the brink of what would have been a total global
financial collapse.
But when their economies
began to slow again in 2010, without the world being on the brink of financial
Armageddon, major nations outside of the U.S. were content to let the business
cycle play out normally, arguing against the U.S. Fed’s decision to jump in
with its QE2 stimulus efforts.
Indeed, while the Fed
was making that massive monetary easing effort, central banks in Asia, Europe,
and South America were tightening monetary policies and raising interest rates
to ward off rising inflation, and to tackle the government debt crises created
by their 2008-2009 bailout efforts.
The Fed’s QE2 effort
pushed a flood of additional dollars into the global financial system, spiking
the prices of commodities and paper assets like stocks, but had no lasting
effect on even the U.S. economy.
This year, as global
economies again slow significantly, central banks outside of the U.S. again
seem content, or at least resigned, to letting the business and economic cycle
play out, even though it likely means a global recession.
They refrain from saying
anything too negative that might make matters worse, but for instance, this
week the central bank of Brazil, which actually has one of the world’s
strongest and fastest growing economies (but highest rate of inflation), warned
that this downturn in global economies will not be as severe as in 2008-2009,
but will be more prolonged.
The Financial Times reported Friday that “As the Organization for
Economic Cooperation and Development’s forecasts showed on Thursday, the
near-term economic outlook for the Group of Seven is dire, yet the mood is one
of resignation. . . . Finance ministers across the G7 are searching for ways to
explain their lack of likely coordinated action.”
And even in the U.S.,
the Federal Reserve has been clearly transparent about its reluctance to
intervene this time.
With the economy far
weaker than it was when the Fed intervened with QE2 last year, Fed Chairman
Bernanke continues to say the Fed has some tools it can use if necessary, but
will wait and see. In his most recent speeches he cautioned that the Fed is
limited in what it can do anyway, and called for Congress to step up to the
plate.
Thursday evening,
President Obama did call for Congress to step up to the plate and pass his $450
billion jobs bill.
But even if the proposal
should get through the political grinder of the grid-locked Congress, it would
be too little too late by the time it could be implemented.
So prepare for a
recession and bear market.
Hopefully investors
learned from the 2000-2002 and 2007-2009 bear markets that Wall Street’s advice
to diversify into ‘defensive’ stocks won’t do it. As I’ve shown you in previous
columns, so-called defensive stocks, defensive because they pay high dividends
or have been around a long time, are dragged down just as far as any in a bear
market.
Back in ‘the old days’
the call of successful investors in times like this was that “cash is king”.
Even receiving little to no interest income on cash was better than experiencing
a 30 to 40% loss.
These days investors are
better served. The availability of ‘inverse’ mutual funds and ‘inverse’
exchanged-traded funds, designed to move up when markets move down, make them
the new king in bear markets. Cash may be better than losses, but the
opportunities for 30% profits while others are experiencing 30% losses are even
better.
In the interest of full
disclosure, I and my subscribers have already taken double-digit profits from
positions in the ProShares Short S&P 500 etf, symbol SH, and ProShares
Short Russell 2000 etf, symbol RWM, and we’re looking at others.’
4
Bearish Mega Trends Simon Maierhofer, September 9, 2011, ‘In 2004, Daniel Simons of the
University of Illinois and Christopher Chabris of Harvard University conducted
an experiment that was as simple as it was fascinating.
If you want to be part
of the experiment, watch this
video before you read any further.
The Experiment
There are two groups of
three people each. One group is wearing black shirts, the other group white
shirts. The assignment is to watch how many times the players wearing white,
pass the basketball.
If you counted 15, you
are correct. But more importantly, did you notice the gorilla? While you were
counting passes, a woman dressed in a gorilla suit walked slowly across the
scene, stopped to face the camera and thumped her chest.
Half of the people
watching the video with the intent of counting passes did not see the gorilla.
The experiment illustrates the phenomenon of unintentional blindness. This condition,
also known as perceptual blindness, prevents people from perceiving things that
are in plain sight.
For most of 2010-11 Wall
Street was so enamored by the magical powers of QE2 that it forgot about the
800-pound gorilla - the economy that wasn't improving. In fact, the economy
continued deteriorating in plain sight.
There are five bearish
mega trends that may draw stock prices much lower over the coming years. Here
are the five mega trends (and what will make stocks rally in between).
U.S. Deficit
For a moment, take a
mental journey with me back in time. We are now in early 2008. The major
indexes a la S&P (SNP: ^GSPC), Dow Jones (DJI: ^DJI), and Nasdaq (Nasdaq:
^IXIC) are slowly coming off their all-time high, but the collapse of Lehman
Brothers has not yet hit the news.
Unbeknownst to most, the
perfect financial storm is brewing. Once the storm hits, it is much worse than
anyone expected. But, the eventual damage is limited. Why? Because, the
government steps up and does what it takes to prevent the financial system from
failing.
Today has the feel of
early 2008. Another perfect storm may be brewing. Will the government be there
to do what it takes to support 'too big to fail?' No! In 2008 financial
companies were in trouble. In 2011 entire countries (look at Europe and the
U.S.) are struggling to escape the grip of delinquency.
A Decelerating
Generation
Starting in 2011, more
than 10,000 baby boomers a day will turn 65, a pattern that will continue for
the next 19 years. This dry humor cartoon encapsulates the problem retirees'
face today:
Two older gentlemen are
having a drink. One says: 'As a Baby Boomer, I never thought the boom would be
the sound of my retirement accounts collapsing.' He'd like to sip on a nice
Scotch while enjoying a steak, but has to settle for water and free bread
sticks at Olive Garden.
Most retirees still
haven't recovered from the lost decade. Let's make the term lost decade more
personal. A 55 year old with $100,000 in his retirement account at the
beginning of the year 2000 and a 6% projected rate of return, would have
$201,419 today.
The S&P trades 20%
below its 2000 level. Courtesy of the lost decade, that $100,000 in the year
2000 has turned into $80,000 today (perhaps less if invested too aggressively).
In other words, many retirees may have to get by on less than half of their
expected nest egg. In addition, their home, rather than being an asset (many
considered it an ATM a few years ago), has turned into a liability.
It doesn't take much
imagination to see that strapped retirees are bad for economic growth. When the
focus is on survival rather than pleasure, sectors like technology (NYSEArca: XLK - News), retail (NYSEArca: XRT - News), and consumer discretionary
(NYSEArca: XLY - News) suffer.
In addition, baby
boomers that have been buying stocks for decades (think of all the 401k money)
are now turning into sellers of stock.
Low Interest Rates
Low interest rates are
great for the U.S. government because it reduces debt payments on Treasuries
and businesses wanting to expand. Unfortunately, businesses don't feel like
expanding or even hiring and for pretty much everyone else low interest rates
are negative.
Some try to sell the
idea that low interest rates are good for stocks (NYSEArca: VTI - News) because money will flow
from low interest bonds into stocks in an effort to get a better return.
The chart below plots
the Nikkei against Japan's version of the discount rate. The discount rate has
been below 1% since 1995. At the same time the Nikkei has dropped from above
20,000 to below 10,000. Much of this happened during a raging global bull
market. Imagine what a global bear market can do to U.S. stocks.
https://www.etfguide.com//contributor/UserFiles/8/Image/yahoo%20japan%20discount.gif
Low interest rates are a
double negative because they reduce available spending for retirees who need to
get as much income as possible to survive.
Coming to a Head
The above three bearish
trends were highlighted in detail in various 2011 ETF Profit Strategy Newsletters.
Due to those, and other mega trends, the Newsletter has been expecting a major
market top.
For much of 2011
however, the expectation of a major market top was postponed until the ideal
target range was reached. The April 3 ETF Profit Strategy update included a
precise range for a major market top: 'In terms of resistance levels, the 1,369
- 1,382 range is a strong candidate for a reversal of potentially historic
proportions. '
Why was S&P 1,369 -
1,382 a candidate for a reversal of historic proportions? The chart below,
published by the ETF Profit Strategy Newsletter in March and many times since,
has the answer.
https://www.etfguide.com//contributor/UserFiles/8/Image/yahoo%20M%20pattern.gif
What you see is a giant
M, or head and shoulders top. The right shoulder was made up of the parallel
trend channel that connects the 2002 and 2009 low, with the 2000 high. In
April/May the upper line of the trend channel ran through 1,377. Additional
resistance was provided by Fibonacci levels at 1,389 and 1,369.
On May 2, the S&P
briefly spiked as high as 1,370.58 before retreating and eventually dropping
18% in twelve trading days (July 25 - August 9). Once the S&P dropped below
the 200-day SMA it entered free fall territory.
The July 28 ETF Profit
Strategy update warned that: 'A break below the 200-day SMA and the trend line
may trigger panic selling. One way to avoid missing out on a potentially big opportunity
is to use the 200-day SMA at 1,284 as delineation between bullish and bearish
bets - buy as long as the 200-day SMA serves as support, sell if it becomes
resistance.'
From top to bottom (once
the bottom is in), the S&P will have fallen more than 250 points. No doubt
this kind of move validates a counter trend rally. When and where will this
rally start and how high will it go?
The ETF Profit Strategy Newsletter provides a detailed outlook for the
remainder of 2011 along with the target for a 2011 bottom and 2011 top. The
Newsletter doesn't promise to get every turn of the market right, but it will
identify the money-losing gorillas. Just imagine if you sold your holdings at
the target range for a major top.’
Zero
Job Growth in August Supports Recession Case ETFguide.com
Why
to Sell When Wall Street Says 'Buy' and Vice Versa ETFguide.com
S&P
1,100 And Lower - More Likely Than you Think Simon Maierhofer, On Friday
September 9, 2011, ‘The S&P has been chopping around aimlessly for
nearly a month. Wednesday ETF Profit Strategy update explained the reason and
the outcome as follows:
'The aimless sideways
trading and lack of powerful and predominantly one-directional rally suggests
that the S&P is stuck in a mild up side correction to be followed by new
lows. Range bound trading lulls investors into a false sense of security.'
Here are more than a
handful of reasons why new lows are likely.
Up Trend Broken
The chart below shows
the Dow Jones Industrials (DJI: ^DJI) since the March 2009 bottom. The DJIA
weekly candle low touched the yellow trend line on different occasions before
breaking through it on August 2.
The S&P 500 (SNP:
^GSPC) and Nasdaq (Nasdaq: ^IXIC) adhered to a similar but not as pronounced
trend line. But the S&P also had a key experience on August 2. The August 2
ETF Profit Strategy Newsletter update observed regarding a head and shoulders
top that the: 'S&P is about to break below the neckline around 1,249. A
break below this neckline would unlock a measured target of S&P 1,140.'
The fact that both the
DJIA and S&P 500 broke through necklines that have held for over two years
is less than encouraging.
In addition, the
S&P's May 2 high at 1,370 occurred right within the sweet spot of a major
market top. The ETF Profit Strategy Newsletter published the chart below on
various occasions throughout March, April and May and preached that S&P
1,369 - 1,382 is the ideal target range for a major market top (chart below was
featured in the April 5 ETF Profit Strategy update).
https://www.etfguide.com/images/PDNewsletter_Images/5%20-%20April%203%20TF.jpg
Death Cross
The death cross is one
of the most talked about technical events, that's why I don't put too much
stock in it. However, there are two interesting facts about previous death
crosses.
The 2000 and 2007 death
cross occurred about three days before the S&P embarked on its next leg
down. The 2010 death cross was actually a buy signal. However, it occurred
after the S&P and DJIA bounced off the yellow trend line (this time the
trend line was broken).
Seasonality
August, September, and
October is the most bearish stretch of the year. September and October sport
negative performance even in the pre-election year.
Sentiment
From S&P 1,370 on
May 2 to S&P 1,258 on June 16, the S&P shed 112 points and sentiment
measured by Investors Intelligence (II) and the American Association for
Individual Investors (AAII) turned deeply bearish. The June 16 ETF Profit
Strategy update took that as a queue to buy (long positions were closed at
S&P 1,340).
From S&P 1,353 on
July 7 to S&P 1,102 on August 9 the S&P lost 251 points, yet the II
sentiment poll registered the second most bullish reading since the first week
of May. AAII and II polls are often considered the 'dumb money.' If the 'dumb
money' views last Wednesday's low as a buying opportunity, the 'smart money'
should be suspicious.
VIX Pattern
If you have the charting
capabilities, take a moment and plot the VIX (NYSEArca: VXX - News) against the
S&P for the month of September - November 2008 and April - July 2010. If
you don't have the time you may simply look at the chart below.
https://www.etfguide.com/images/PDNewsletter_Images/yahoo%20-%20vix%20pattern.gif
What we've seen in 2008
and 2010 is that a VIX peak did not coincide with the S&P bottom. The
S&P bottom actually occurred against a lower VIX reading. If this pattern
continues, we will see lower lows.
The August 14 ETF Profit
Strategy update includes a detailed analysis of the VIX pattern, along with the
time frame and target level for an expected turn.
The Script
Via more or less
accidental chart surfing I found a striking resemblance between the 2007 market
top and the May 2011 top. This moved me to state in the July 17 Profit
Strategy update that:
'There is a similar
trend line and a triple top above the trend line. A break below that trend line
could be a precursor of bad things. Next week the trend line will be at about
1,262.'
The S&P sliced
through that trend line on August 4 and fell an additional 12% within the next
four days (this ascending trend line is now a big target and resistance).
The August 7 Profit
Strategy update revisited that script and concluded this: 'We now have a rough
script; let's see how much lip the actors will add during the live performance
(I.e. S&P downgrade).
The two main things I
have taken away from the 2007 script are:
1) There will be a new
low.
2) There will be a powerful
counter trend rally to around 1,xxx (reserved for subscribers).'
Short-term Outlook
Wednesday's (September
7) ETF Profit Strategy update advised aggressive investors to short the S&P
500 as soon as it breaks below 1,173. This doesn't mean that stocks can't go
higher, but shorting the S&P against major support/resistance (with a tight
stop-loss above) is the only conservative way to assure participation in the
next leg down…’
Ominous
Bear Flag Pattern Suggests S&P 500 At 1,000 Scott Redler ‘Talk of a possible Greek debt default grew louder
as the day wore on Friday, with several euro zone officials commenting that
they expect a default over the weekend. Naturally, the markets didn’t respond
positively to the news. Combine that with the terror alerts in New York City
and Washington, D.C., this weekend for the 10th anniversary of 9/11, and it was
a recipe for heavy selling.
The Dow closed off more
than 300 points to finish another wildly volatile week, and based on the action
and news, we could be headed for another huge Monday morning gap down. However,
it was difficult to chase shorts at the end of the day at such oversold levels,
because if the Greek default doesn’t come to fruition and there is no major
terrorist attack, those short positions would likely be in serious pain.
The news of a possible
Greek default, which would be a historic first-time event, overshadowed any
individual stock stories today. In isolation, the default of a relatively small
Eurozone economy would not be the “end of the world”, but with other, larger
Euro economies standing on extremely shaky ground (especially Italy), such an
event could trigger a domino effect unlike anything ever witnessed in modern
human history.
Conventional wisdom
would tell you that gold shot through the roof on a day like this, but whispers
about potential margin hikes pushed GLD to a lower open and seemed to keep the
metal at bay. Even with the market tanking, GLD had a hard time ticking higher.
Technical Take
If you take a step back
and look at the SPY chart on a daily and even weekly time frame, the obvious
pattern that jumps out at you is a wide, but well-defined, bear flag. Previously,
we noted the well-defined head and shoulders pattern that forecast the deep
correction.
The only strategies that
have worked, and provided limited risk, over the past month have been buying
and selling extreme moves in both directions. Large gap downs on Monday and
Tuesday had investors extremely bearish–the most bearish since September
2007–which gave way to a steep short squeeze.
As we’ve seen before,
that low-volume bounce/short squeeze was only “transitory”, as Ben Bernanke
would put it. The oversold bounce we saw early in the week actually turned out
to be a negative event for the bulls, because it allowed the market to work off
its severely oversold condition and prime for another plunge.
After such a harsh move
lower, which began around the time of the debt ceiling debate and S&P
downgrade, it is natural for there to be some indecision in the indices.
However, nobody would have expected the range to remain as wide as it has been.
Resolution to this pattern will come at one point or another, and based in the
in-bound move, there will be a powerful secondary move (more than likely to the
downside). The lower end of the channel also lines up with the 200-week Moving
Average, which will be another crucial technical level.
The measured move could
take the S&P down to the 1,000 range if a worst-case type scenario plays
out, which would involve a Greek debt default that triggered a domino effect in
Europe that could likely trigger defaults in at least a few other PIIGS
(Portugal, Ireland, Italy, Greece, Spain) nations as well.
http://blogs-images.forbes.com/greatspeculations/files/2011/09/SP-bear-flag-1024x675.png
Technically, we are also seeing some clues that tell us that all is not well with Mr. Market. Nearly every sector is currently mired in a bearish technical formation; there are no rays of light. The one area of relative strength early in the week, is starting to look ready to break down as well.
One clue we look to
first is high-beta tech. If the market is healthy under the hood, the leading
high-beta tech stocks will usually hold up well. We saw some relative strength
early in the week from the likes of Apple Inc. (AAPL), Amazon.com Inc. (AMZN)
and Baidu.com Inc. (BIDU), but none of them were able to withstand the force of
today’s drop. AAPL and BIDU in particular look to be forming wedge continuation
patterns, which generally resolve to the downside.
During the formation of
the head and shoulders pattern, for example, the Industrials (XLI) and the
Homebuilders (XHB) started to break down first, which signaled to us that the
rest of the market wasn’t far behind.
When selling is isolated
and weak sectors drag the market down, it can be considered a buying
opportunity for strong stocks. When selling is more across-the-board, it’s a
sign to get of the way.
The measured move of the
head and shoulder played out almost to a ‘T’ (as you can see on the chart).
Technical patterns aren’t always perfect, but they provide a good roadmap.
Another thing you have to understand about technical analysis too is that it is
largely a self-fulfilling prophecy. Moves in the market often play out simply
because a large group of traders and investors are reacting based on the same
set of rules.
Before the break of the
head and shoulders, you had the more
mainstream media start talking about the ‘scary’ head and shoulders top pattern,
which got both Main St. and Wall St. bearish. Now, everyone in the industry is
talking about this ominous bear flag pattern, which is likely to make its
rounds in the more mainstream media this weekend (along with the news about
Greece).
Final Word
While doomsday talk is
rampant right now–between a domino effect of European sovereign debt defaults
to 9/11 anniversary attacks–as traders we never trade based on assumptions. The
traders who are consistent and profitable over the long haul are the ones who,
first and foremost, limit their risk. At the end of the day today, for example,
there is enormous risk for both longs and shorts.
If Greece does default
and/or there is some sort of attack on NYC/DC, the market is sure to open
sharply lower on Monday. However, if one or both of those events do not occur,
shorts would be in for a massive squeeze. After such a harsh down day like
today, it is best to take any profits you may have generated and take a firm
seat on the sidelines.
Even if you are not
involved in the weekend trade, there will be tremendous opportunity over the
next few weeks to take advantage of this historic market volatility. Great
opportunity comes with great risk, so be sure to, more than ever, stick to your
personal trading rules and don’t make big bets you can’t afford to pay off.’
Unprecedented
Monthly Volume Sell-Off Suggests Now's the Time to Take Shelter at Minyanville Kevin A. Tuttle
Sep 12, 2011 ‘Do not concern yourself if the market goes up today, tomorrow, or
a month from now. The risk of entering is not worth the reward.
Over the weekend I had
the pleasure of speaking with a very prominent European money manager –
overseeing hundreds of billions – about the "across-the-pond" financial
crisis unwind and looming hazard of a potential domino-effect coming to
fruition. Without rehashing the entire conversation, the consensus is not
"if," it’s "when" will the developing pressure finally
blow. He actually went so far as to say it could truly begin unraveling within
the next few weeks considering the catalysts currently in play.
The intent of providing the conversation synopsis is not for sake of fear, but
understanding the potential ramifications. About three years ago, in one of my
firm's quarterly reports, we opined on a unique situation in regard to the GDP
measurements of Global Nations. It stated the unprecedented growth statistics
from the 56 nations tracked. “History is currently being made in the sense that
all the globally tracked economic growth nations (56), every one… 100%..., are
showing expansion.” This lead
to my next comment… “If the economic cycle pendulum swings in both directions
what would happen if the inverse occurred?” Are 2011/2012 the years we are
about to find out? Maybe that’s somewhat extreme, but yet… is it possible?
We at my firm do not pretend to be intelligent enough to figure out all the
nuances, catalysts, causes and reasons why the markets could fall apart; we’ll
leave it to the team of economists and officials to attempt to sort that out.
What we do instead is try to determine when the storm is coming and how to take
shelter, which brings me to my point: Now is the time. Take shelter! Do
not concern yourself if the market goes up today, tomorrow or a month from now.
Clarity is key! Would you sail your boat into rocky waters with a potential
hurricane looming because of your love of sailing? Is the risk
worth the reward? For some, maybe; but for most, probably not.
http://image.minyanville.com/assets/FCK_Jan2011/Image/LisaCatchJUNE2011/jo.jpg
Since the "2011 Channel of Indecision" broke on August 4, the seas
have picked up dramatically and have begun swallowing ships. The markets have never
seen this type of monthly volume sell-off – 47% above average
(unprecedented), as seen in the monthly chart above. As Kenny Rogers put it so
eloquently… “Know when to hold em’ and know when to fold em', know when to walk
away, know when to run!”
Editor's Note: Read more at Tuttle
Asset Management.’
What's the
Long-Term Outlook for Stocks and The Economy? ETFguide Simon Maierhofer, September
12, 2011, ‘The stock market's summer performance has been nothing but
stunning. Seeing daily swings in excess of 4% has become as common as American
fast food in China.
Sometimes
it's helpful to step back and shift the focus from day-to-day changes to
multi-decade trends. This kind of big picture evaluation shows whether events
like this summer's meltdown are just a hiccup or confirmation of a long-term
trend (change).
MORE
THAN JUST A MULTI-DECADE FLUKE
Gradual
changes are often so subtle that they are nearly invisible to the naked eye or
novice observer. But, just because a change is gradual doesn't mean it's
insignificant.
Let's take
a look at the basic make up of the U.S. economy. A few decades ago,
sweat-trenched U.S. manufacturing facilities were the most fertile,
growth-producing environment on the planet. This growth was fueled by 'Made in
America' products. The growth was organic and it was real.
The first
red box in the chart below captures this period of powerful organic growth. It
lasted from 1947 - 1966. During this period, GDP growth averaged 4.18%.
The second
red box captures a period of growth fueled by low interest and financial
engineering. During this period - from 1975 - 2000 - GDP growth averaged only
3.4%.
https://www.etfguide.com//contributor/UserFiles/8/Image/Growth%20Periods%20Yahoo.gif
(The above
chart was featured in the March 2011 ETF Profit Strategy Newsletter)
The
Only Original Dow Component, Not some Hot Tech Stock
General
Electric (NYSE: GE - News),
a company that prospered during both phases, aptly illustrates the difference
between both periods.
Until the
late 1960s, GE was known for manufacturing quality, American-made products like
refrigerators, washing machines, stoves, light bulbs, and jet engines. GE
manufactured real products, provided real jobs, and made real profits.
Starting
in the 1980s GE changed its focus from blue collar manufacturing to white
collar alchemy. GE ventured into television and high finance. GE's focus
shifted from building quality products to financing purchases of competitor
products. Ultimately, it went from manufacturing real products to building a
financial house of cards.
In August
2000, GE traded as high as $60.5 a share. In 2009 it was as low as $5.73 - a
90% drop. Today, it's hovering around $15. As you ponder this change in
valuation, keep in mind that GE is the only original Dow Jones Industrial
Average (DJI: ^DJI) component, not some hot today cold tomorrow tech stock.
A NEW
TREND IS BORN ... AND KILLED
Financially
engineered (artificial) profits appeared to be the best new thing since sliced
bread. However, GDP growth since 2000 has dropped dramatically, now only 1.71%.
The post-2007 meltdown shows that an economy cannot be built on the financial
(NYSEArca: XLF - News)
and banking (NYSEArca: KBE - News)
sectors.
It also
shows that an artificial bull market is much more receptive to huge
corrections. We've had the 2000 tech bust (NYSEArca: XLK
- News),
the 2005 real estate (NYSEArca: IYR - News)
debacle, the 2007/2008 deflation of the financial sector, and most recently the
summer 2011 meltdown.
If you
think financially engineered profits are bad, brace yourself for what lies
ahead. The hopes for economic prosperity (perhaps even survival) rest on
Facebook, Twitter, Groupon, LinkedIn, Netflix, and the like.
Social
networking isn't a proven business model, yet Facebook has an estimated market
cap larger than those of Boeing, Home Depot, Walt Disney, Dell, Hewlett
Packard, Costco, or even Goldman Sachs.
Hewlett-Packard
employs 325,000 people, Home Depot 300,000, Boeing 160,000. However, Facebook
cuts pay checks to only about 1,000 lucky employees. Welcome to the
future of high corporate profit margins and even higher unemployment.
Groupon
has an estimated value of $6-9 billion, but its recipe of success is to coax
businesses into providing discounts of 50 - 90%. Groupon is a classic economic
leach that benefits by sucking the profits out of its client base and teaching
its subscribers to buy only at discount prices. Welcome to a future of
shrinking small business profits.
THE
STOCK MARKET AGREES
The big
picture fundamental outlook appears less than confidence inspiring. What about
the big picture technical outlook?
The chart
below (although small in size due to upload limitations) was featured in the
March ETF Profit Strategy Newsletter and provides a big picture technical
forecast. In fact, it's about as 'big picture' as it gets.
https://www.etfguide.com//contributor/UserFiles/8/Image/yahoo%20M%20pattern.gif
What you
see is a giant bearish M pattern, it could even be considered a head and
shoulders pattern. The neckline is formed by the 2002 and 2009 lows.
To
determine an upside price target, we drew a parallel channel that connects the
2002 and 2009 lows with the 2000 high. The April 3 ETF Profit Strategy update
said the following about this trend channel and other resistance levels:
'For the
month of April this trend line will traverse through 1,377. The 78.6% Fibonacci
retracement is at 1,381.5. There is a fairly strong Fibonacci projection
resistance at 1,369. In terms of resistance levels, the 1,369 - 1,382 range is
a strong candidate for a reversal of potentially historic proportions.'
The
S&P (SNP: ^GSPC) peaked on May 2 at 1,370.58 and has since lost as much as
269 points or 19%. The Nasdaq (Nasdaq: ^IXIC) has held up slightly better, but
no matter how you slice it, the stock market has given up more than a year's
worth of gains within a matter of weeks. The VIX (Chicago Options: ^VIX) spiked
to the highest level in over a year.
In addition,
all major U.S. indexes broke below a trend line that has provided support on
nine different occasions since the March 2009 lows.
This
doesn't prevent rallies. In fact, based on our research, we should see a
sizeable rally soon. However, odds favor that the stock market's trend has
changed from up to down…’
[video]
Trader: Waiting for Treasury Bubble to Burst at TheStreet.com
Preparing
for a Credit Crisis at Minyanville John Mauldin’ “I am sure the Euro will oblige
us to introduce a new set of economic policy instruments. It is politically
impossible to propose that now. But some day there will be a crisis and new
instruments will be created.”-- Romano Prodi, EU Commission President,
December 2001
Prodi and the other leaders who forged the euro … knew a crisis would develop,
as Milton Friedman and many others had predicted. They accepted that as the
price of European unity. But now the payment is coming due, and it is far
larger than they probably thought…
The Consequences of Austerity
The markets are pricing in an almost 100% certainty of a Greek default (OK,
actually 91%), and the rumors in trading circles of a default this weekend by
Greece are rampant. Bloomberg (and everyone else) reported that Germany is
making contingency plans for the default. Of course, Greece has issued three
denials today that I can count. I am reminded of that splendid quote from the
British ’80s sitcom, Yes, Prime Minister: “Never believe anything until it’s
been officially denied.”
Germany is assuming a 50% loss for their banks and insurance companies. Sean
Egan (head of very reliable bond-analyst firm Egan-Jones) thinks the ultimate
haircut will be closer to 90%. And that is just for Greece. More on the
contagion factor below.
“The existence of a
‘Plan B’ underscores German concerns that Greece’s failure to stick to budget-cutting
targets threatens European efforts to tame the debt crisis rattling the euro.
German lawmakers stepped up their criticism of Greece this week, threatening to
withhold aid unless it meets the terms of its austerity package, after an
international mission to Athens suspended its report on the country’s progress.
“ ‘Greece is “on a knife’s edge,”’ German Finance Minister Wolfgang Schaeuble
told lawmakers at a closed-door meeting in Berlin on Sept. 7, a report in
parliament’s bulletin showed yesterday. If the government can’t meet the aid
terms, ‘it’s up to Greece to figure out how to get financing without the euro
zone’s help,’ he later said in a speech to parliament.
“Schaeuble travelled to a meeting of central bankers and finance ministers from
the Group of Seven nations in Marseille, France, today as they face calls to
boost growth amid increasing threats from Europe’s debt crisis and a slowing
global recovery.” (Bloomberg)
(There is an over/under betting pool in Europe on whether Schaeuble remains as
Finance Minister much longer after this weekend’s G-7 meeting, given his clear
disagreement with Angela Merkel. I think I take the under. Merkel is tough. Or
maybe he decides to play nice. His press doesn’t make him sound like that type,
though. They are playing high-level hardball in Germany.)
Anyone reading my letter for the last three years cannot be surprised that
Greece will default. It is elementary school arithmetic. The Greek debt-to-GDP
is currently at 140%. It will be close to 180% by year’s end (assuming someone
gives them the money). The deficit is north of 15%. They simply cannot afford
to make the interest payments. True market (not Eurozone-subsidized) interest
rates on Greek short-term debt are close to 100%, as I read the press. Their
long-term debt simply cannot be refinanced without Eurozone bailouts…
[Quick sidebar: If (when) the US goes into recession [We’re already in a
recession!], have you thought about what the result will be? A recession of
course means lower GDP, which will mean higher unemployment. That will increase
costs due to increased unemployment and other government aid, and of course
lower revenues as tax receipts (revenues) go down. Given the projections and
path we are currently on, that means even higher deficits than we have now. If
President Obama has his plan enacted, and if we go into a recession, we will
see record-level deficits. Certainly over $1.5 trillion, and depending on the
level of the recession, we could scare $2 trillion. Think the Tea Party will
like that? Governments have less control than they think over these things. Ask
Greece or any other country in a debt crisis how well they predicted their
budgets.]
The Greeks were off by over 25%. And they are being asked to further cut their
deficit by 4% or so every year for the next 3-4 years. That guarantees a
full-blown depression. And it also means lower revenues and higher deficits,
even at the reduced budget levels, which means they get further away from their
goal, no matter how fast they run. They are now in a debt death spiral. There
is no way out, short of Europe simply bailing them out for nothing, which is
not likely.
Europe is going to deal with this Greek crisis. The problem is that this is the
beginning of a string of crises and not the end. They do not appear, at least
in public, to want to deal with the systemic problem of too much debt in all
the peripheral countries…
Euro Breakup – The Consequences
“The Euro Should Not
Exist (Like This)
“Under the current structure and with the current membership, the Euro does not
work. Either the current structure will have to change, or the current
membership will have to change.
“Fiscal Confederation, Not Break-Up
“Our base case with an overwhelming probability is that the Euro moves slowly
(and painfully) towards some kind of fiscal integration. The risk case, of
break-up, is considerably more costly and close to zero probability. Countries
cannot be expelled, but sovereign states could choose to secede. However,
popular discussion of the break-up option considerably underestimates the
consequences of such a move.
“The Economic Cost (Part 1)
“The cost of a weak country leaving the Euro is significant. Consequences
include sovereign default, corporate default, collapse of the banking system
and collapse of international trade. There is little prospect of devaluation
offering much assistance. We estimate that a weak Euro country leaving the Euro
would incur a cost of around €9,500 to €11,500 per person in the exiting
country during the first year. That cost would then probably amount to €3,000
to €4,000 per person per year over subsequent years. That equates to a range of
40% to 50% of GDP in the first year.
“The Economic Cost (Part 2)
“Were a stronger country such as Germany to leave the Euro, the consequences
would include corporate default, recapitalization of the banking system and
collapse of international trade. If Germany were to leave, we believe the cost
to be around €6,000 to €8,000 for every German adult and child in the first
year, and a range of €3,500 to €4,500 per person per year thereafter. That is
the equivalent of 20% to 25% of GDP in the first year. In comparison, the cost
of bailing out Greece, Ireland and Portugal entirely in the wake of the default
of those countries would be a little over €1,000 per person, in a single hit.
“The Political Cost
“The economic cost is, in many ways, the least of the concerns investors should
have about a break-up. Fragmentation of the Euro would incur political costs.
Europe’s ‘soft power’ influence internationally would cease (as the concept of
‘Europe’ as an integrated polity becomes meaningless). It is also worth
observing that almost no modern fiat currency monetary unions have broken up
without some form of authoritarian or military government, or civil war.”
Welcome to the Hotel
California
Welcome to the Hotel California
Such a lovely place
Such a lovely face
They livin’ it up at the Hotel California
What a nice surprise, bring your alibis
Last thing I remember, I was running for the door
I had to find the passage back to the place I was before
“Relax,” said the night man, “We are programmed to receive.
You can check out any time you like, but you can never leave!”
-- The Eagles, 1977
You can disagree with the UBS analysis in various particulars, but what it
shows is that there is no free lunch. It is not a matter of pain or no pain,
but of how much pain and how is it shared. And to make it more difficult,
breaking up may cost more than to stay and suffer, for both weak and strong
countries. There are no easy choices, no simple answers. Like the Hotel
California, you can check in but you can’t leave! There are simply no
provisions for doing so, or even for expelling a member.
The costs of leaving for Greece would be horrendous. But then so are the costs
of staying. Choose wisely. Quoting again from the UBS report:
“… the only way for a
country to leave the EMU in a legal manner is to negotiate an amendment of the
treaty that creates an opt-out clause. Having negotiated the right to exit, the
Member State could then, and only then, exercise its newly granted right. While
this superficially seems a viable exit process, there are in fact some major
obstacles.
“Negotiating an exit is likely to take an extended period of time. Bear in mind
the exiting country is not negotiating with the Euro area, but with the entire
European Union. All of the legislation and treaties governing the Euro are
European Union treaties (and, indeed, form the constitution of the European
Union). Several of the 27 countries that make up the European Union require
referenda to be held on treaty changes, and several others may choose to hold a
referendum. While enduring the protracted process of negotiation, which may be
vetoed by any single government or electorate, the potential secessionist will
experience most or all of the problems we highlight in the next section (bank
runs, sovereign default, corporate default, and what may be euphemistically
termed ‘civil unrest’).”
Leaving abruptly would
result in a lengthy bank holiday and massive lawsuits and require the
willingness to simply thumb your nose in the face of any European court, as
contracts of all sorts would have to be voided. The Greek government would have
to “conveniently” pass a law that would require all Greek businesses to pay
back euro contracts in the “new drachma,” giving cover to their businesses, who
simply could not find the euros to repay. But then, what about business going
forward?
Medical supplies? Food? – The basics? You have to find hard currencies for what
you don’t produce in the country. Greece is not energy self-sufficient,
importing more than 70% of its energy needs. They have a massive trade deficit,
which would almost disappear, as who outside of Greece would want the “new
drachma?” Banking? Parts for boats and business equipment? The list goes on and
on. Commerce would slump dramatically, transportation would suffer, and
unemployment would skyrocket.
If Germany were to leave, its export-driven economy would be hit very hard. It
is likely that the “new mark” would appreciate in value, much like the Swiss
Franc, making exports from Germany even more costly. Not to mention potential
trade barriers and the serious (and probably lengthy) recession that many of
their export and remaining Eurozone trade partners would be thrown into. And
German banks, which have loaned money in euros, would have depreciating assets
and would need massive government support. (Just as they do now!)..
Ray Dalio and his brilliant economics team at Bridgewater have done a series of
reports on a plan for Europe. Basically, it involves deciding which
institutions must be saved (and at what cost) and letting the rest simply go
their own way. If they are bankrupt,
then so be it. Use the capital of Europe to save the important institutions
(not shareholders or bondholders). Will they do it? Maybe.
The extraordinarily insightful and brilliant John Hussman recently wrote on a
similar theme. He is a must-read for me. Quoting:
“The global economy is
at a crossroad that demands a decision – whom will our leaders defend? One
choice is to defend bondholders – existing owners of mismanaged banks,
unserviceable peripheral European debt, and lenders who misallocated capital by
reaching for yield and fees by making mortgage loans to anyone with a pulse.
Defending bondholders will require forced austerity in government spending of
already depressed economies, continued monetary distortions, and the use of
public funds to recapitalize poor stewards of capital. It will do nothing for
job creation, foreclosure
reduction, or economic recovery.
“The alternative is to defend the public by focusing on the reduction of
unserviceable debt burdens by restructuring mortgages and peripheral sovereign
debt, recognizing that most financial institutions have more than enough shareholder
capital and debt to their own bondholders to absorb losses without hurting
customers or counterparties – but also recognizing that properly restructuring
debt will wipe out many existing holders of mismanaged financials and will
require a transfer of ownership and recapitalization by better stewards. That
alternative also requires fiscal policy that couples the willingness to accept
larger deficits in the near term with significant changes in the trajectory of
long-term spending.
“In game theory, there is a concept known as ‘Nash equilibrium’ (following the
work of John Nash). The key feature is that the strategy of each player is
optimal, given the strategy chosen by the other players. For example, ‘I drive
on the right / you drive on the right’ is a Nash equilibrium, and so is ‘I
drive on the left / you drive on the left.’ Other choices are fatal.
“Presently, the global economy is in a low-level Nash equilibrium where
consumers are reluctant to spend because corporations are reluctant to hire;
while corporations are reluctant to hire because consumers are reluctant to
spend. Unfortunately, simply offering consumers some tax relief, or trying to
create hiring incentives in a vacuum, will not change this equilibrium because
it does not address the underlying problem. Consumers are reluctant to spend
because they continue to be overburdened by debt, with a significant proportion
of mortgages underwater, fiscal policy that leans toward austerity, and
monetary policy that distorts financial markets in a way that encourages
further misallocation of capital while at the same time starving savers of any
interest earnings
at all.
“We cannot simply shift to a high-level equilibrium (consumers spend because
employers hire, employers hire because consumers spend) until the balance sheet
problem is addressed. This requires debt restructuring and mortgage
restructuring. While there are certainly strategies (such as property appreciation
rights) that can coordinate restructuring without public subsidies, large-scale
restructuring will not be painless, and may result in market turbulence and
self-serving cries from the financial sector about ‘global financial meltdown.’
But keep in mind that the global equity markets can lose $4-8 trillion of
market value during a normal bear market. To believe that bondholders simply
cannot be allowed to sustain losses is an absurdity. Debt restructuring is the
best remaining option to treat a spreading cancer. Other choices are fatal.”
(Click here
for the rest of the article.)
You think the world’s
central banks and main institutions are not worried? They are pulling back from
bank debt in Europe, as are US money-market funds. (Note: I would check and see
what your money-market funds are holding – how much European bank debt and to
whom? While they are reportedly reducing their exposure, there is some $1.2
trillion still in euro-area institutions that have PIIGS exposure.)
Look at the following
graph from the St. Louis Fed. It is the amount of deposits at the US Fed from
foreign official and international accounts, at rates that are next to nothing.
It is higher now than in 2008. What do they know that you don’t?
http://image.minyanville.com/assets/FCK_Jan2011/Image/LisaCatchJUNE2011/fred1.jpg
The Slow March to Recession in the US..
John Hussman, in the same report, offers the chart below, which is a variant on
themes I have highlighted in past issues, but with his own personal twist. It
is a combination of four Fed indices and four ISM reports. And it has been
reliable as a predictor of recessions – one of which it strongly suggests we
are either in or heading into.
http://image.minyanville.com/assets/FCK_Jan2011/Image/LisaCatchJUNE2011/fred2.jpg
And recent revisions to economic data
suggest that companies are going to have even more trouble making those powerhouse
earnings that are being estimated. As Albert Edwards of Societe Generale
reports this week:
“… at the start of 2011,
productivity trends took a remarkable turn for the worse – especially compared
to what was initially reported. An initial estimate that Q1 productivity grew
by 1.8% was transformed to show a decline of 0.6%. A slight 0.7% rise in Q1 ULC
(unit labor costs) was transformed to show a staggering surge of 4.8%! In
addition to that 4.8% rise, ULC rose a further 2.2% in Q2. But the news gets even
worse Last week the BLS revised the ULC rise in Q2 up from 2.2% to 3.3% QoQ. US
non-farm business unit labor costs are now rising by 2% yoy. That is very bad
news for profits. Bad news for equities. And because the pace of ULC is a key
driver of inflation (upwards in this instance), it is bad news for an
increasingly criticized and divided Fed.”
Preparing for a Credit
Crisis
There is so much that could push us into another 2008 Lehman-type credit
crisis..
I did an interview with
good friends David Galland and Doug Casey of Casey Research yesterday. They are
decidedly more bearish than I am, so wanted an “optimist” to sit on their
panel. But they forced me to admit that some of my optimism depends on the
probability of US political leaders doing the right thing. ..
But whether you want to make it 50-50 to 70-30 or (pick a number), there is a
reasonable prospect of another credit crisis. So what should you do?
First, think back to 2008. Were you liquid enough? Did you have enough cash? If
not, then think about raising that cash now. When the crisis hits, you have to
sell what you can for what you can get, not what you want for reasonable prices
…’
Don't Trust Wall
Street and this Market ETFguide [ I couldn’t say this better myself!
Take heed! My sentiments exactly, except far worse is in store! ] Simon
Maierhofer, September 13, 2011, ‘The chicken is clueless about the egg's fate. Will it
hatch or become an omelet?
Wall
Street is clueless about their forecasts, will they 'hatch' or become egg on
their face? Who cares; as long as it sounds good at the time, Wall Street's
opinions are promoted by the media. Is this a haphazard approach? Judge for
yourself.
The most
recent Wall Street blunder was the over emphasis on positive earnings in April.
Here are some of the headlines Wall Street and the financial media featured
late April 2011:
Morgan
Stanley shares rise as earnings beat estimates
Stocks,
commodities rise as earnings top estimates
Leading
U.S. indicators, consumer confidence gain as fuel costs discounted
World revs
up U.S. profits
The Global
economy is improving
The
S&P breaks out
The Dow's
going to 20,000
Sales
growth the big surprise on Wall Street
Buffett
says odds of another U.S. banking crisis low
Equities
finally seeing light on the economy
Stocks
find sea of tranquility
Flawed
Reasoning
The chart
below, featured in the September 2010 ETF Profit Strategy Newsletter, reveals
the flawed reasoning behind Wall Street's expectations. It plots Earnings per
Share (EPS) against GDP and U-6 unemployment numbers.
https://www.etfguide.com//contributor/UserFiles/8/Image/EPS%20Growth%20Yahoo.gif
Notice how
earnings for Q1, Q2, and Q3 2011 were supposed to reach a new all-time high.
There were at least four reasons why record high EPS estimates were not
long-term bullish:
1) GDP was
contracting, U-6 (and every other measure of unemployment) did not signal a
recovery. Every spike in EPS would be temporary and unsustainable.
2) EPS
estimates are just a projection and are about as valuable as an un-hatched egg.
3) The
last time EPS reached an all-time high was in Q2 2007. We all know what
happened thereafter.
4) EPS or
P/E ratios can be distorted via financial trickery. Financials (NYSEArca: XLF
- News)
and banks (NYSEArca: KBE - News)
took advantage of this when accounting rule FASB 157 was changed on April 2,
2009. This allowed banks to hide trillions of dollars of unrealized mortgage
losses in an accounting loophole that doesn't affect their income statement and
earnings. Thus some of banks' losses were included in earnings numbers.
The ETF
Profit Strategy Newsletter's conclusion was simple and straight to the point:
'Buying at current prices with the expectation of long-term gains is almost
certain to deliver despair and tears.'
Proceed
With Caution
P/E ratios
or EPS aren't a short-term timing tool and didn't prevent stocks from rallying
since the above analysis was featured in the September ETF Profit Strategy
Newsletter.
Nevertheless,
a major market top was expected. The April 3 ETF Profit Strategy update put it
succinctly this way: 'In terms of resistance levels, the 1,369 - 1,382 range is
a strong candidate for a reversal of potentially historic proportions. Bullish
bets should be watched very carefully, especially once stocks move above
1,356.'
The Summer
2011 meltdown erased all gains going back as far as December 2009. Yes, over 18
months of gains were eliminated within a matter of weeks.
Financial
Serial Offender
If Wall
Street was subject to the 'three strikes you're out' rule, there wouldn't be
any financial offices in New York. By now it's common knowledge that Wall
Street was overly optimistic in 2007 - right before the financial collapse -
and overly pessimistic at the March 2009 lows - the beginning of a 100% + rally
for the major indexes a la S&P (SNP: ^GSPC), Dow Jones (DJI: ^DJI) and
Nasdaq (Nasdaq: ^IXIC).
More
recent financial offenses include Wall Street's ill-advised fascination with
silver in late April. On April 27 the Wall Street Journal ran a front-page
article entitled 'Silver rush spreads to stock market.' The commentary read as
follows: 'The metals are increasingly considered attractive as a permanent store
of value that doesn't diminish like paper currencies.'…’
Congress
budget agency warns panel of economic ills
Nearly 1 in 6 Americans in poverty, Census says
Growth Stocks Look Pricey. Favor Free Cash Firms with glowing growth projections have gotten expensive.
Cisco cuts
long-term sales growth forecast [ And just when I was about to say
that american technology is horrific, overrated but leading the charge higher
on wall street because ‘sell the sizzle’ works better with tech since most
don’t understand it. Actually, american tech at most is ‘different color hula
hoops’! ]
International
alarm over euro zone crisis grows
Why Can't Wall Street Be Honest With The Public?at Forbes [ Let’s not be naďve here … If the public knew even half of the truth, they’d be seeking to ‘hang wall street from the yardarms’, ‘drawn and quartered they would be’, etc.. Yes, ‘hung, drawn and quartered’. If caught while yachting on their yachts on taxpayer dime, they’d be ‘keelhauled’. There is really no limit to the well placed, well deserved antipathy for the frauds on wall street who should be prosecuted, jailed, fined, and disgorgement imposed. ]
Venture
capital veteran Perkins sees danger ahead
These
Wall Street Firms are About to Start Firing People Like Crazy By Business Insider September 04 2011 ( archived file )
Same Alan Greenspan Who Warned Against Budget Surplus Now Warns About Deficit [ Yeah! One of the many symptoms of senile dementia, with a strong measure of incompetence to boot (greenspun has a long history of incompetent missteps which through self-promotion, quid pro quos, and a general ubiquity of pervasive ignorance, has gone unscrutinized and unreported. He’s really been that bad!) ] Mark Gongloff
ETF
Redemptions Highest Since 2008: Report ETF
Trends
The Dow is up about 190
points, the S&P is up 1.8%, and the Nasdaq is up 2%, after the Conference
Call to Save the Universe ended with all sides agreeing that Greece should
never leave the eurozone and was doing what it could to get its next bailout
fix.
Peter Boockvar at Miller
Tabak is not impressed:
Bottom line, Greece is
likely going to get its next 8 billion-euro tranche in 2 weeks but apparently
Merkel, Sarkozy and Papandreou still don’t like paying attention to the bond
market, where the 1 year [note] in Greece is yielding 141.8%, the 2 year
is yielding 74.5% and the 10 year is yielding 25.7%.
This says of course that
the only lifeline the Greek government has is thru the generosity of its
neighbors as they have almost zero chance of paying back in full all that is
owed.
I mentioned Merkel being
in fantasyland yesterday and delusion is the word today that comes to mind
after seeing these Greek headlines.
One would think at this
point that Greece would want a more pronounced debt restructuring in order to
slash their debt instead of playing this game of pretend because they’re afraid
to hurt the feelings of bondholders.’
Zoellick:
World economy in new danger zone
Geithner: Economy In “An Early Stage” Of Crisis Sep 14th, 2011 08:47 by News (RealClearPolitics) — Jim Cramer, CNBC host: “Now let’s talk about the fact that you said the economy is weak. You put out a jobs plan. The New York Times today basically gives its obituary. ‘Tax plan for jobs bill.’ Familiar ring. Meaning the GOP will not back this. Is this dead on arrival?”
Tim Geithner, U.S.
Secretary of Treasury: “Absolutely not. I think that there’s no reason now for
the Congress of the United States not to act to help strengthen growth in the
near term. It’s the conservative, prudent, responsible thing to do. You can
think of it as protection against Europe.”
Cramer: “Okay.”
Geithner: “You can think
of it as insurance against weaker growth going forward. And you got to think
about the alternatives. If Congress or Washington is incapable of acting, then
policy will be damaging to growth because what you’ll have is a deeper, steeper
contraction in fiscal support than is prudent for an economy at this early stage of the crisis
given the shocks we face. You know, life is about choices. Life is about
alternatives.” [source]
PG View: While this may
be a significant admission on the part of the Treasury Secretary; in reality
this may be the early stage of a crisis within the broader well-established
crisis.’
Risk
Rises at ECB as European Banks Lose Deposits Sep 14th, 2011 07:43 by News (Bloomberg)
S&P
Rally to 1,240 Before Capitulation Zacks
Kevin Cook,September 14, 2011, ‘Fear has not
gripped the market. The VIX, a good proxy for the institutional perception of
risk since it is based on the premium being paid for S&P 500 put
protection, has not made new highs since early August…’
Moody’s cuts two French banks’ ratings Sep 14th, 2011 07:39 by News (Financial Times)
EU warned
of credit crunch threat, French banks hit WROCLAW,Poland/PARIS (Reuters) - European finance
ministers have been warned confidentially of the danger of a renewed credit
crunch as a "systemic" crisis in euro zone sovereign debt spills...
Can the U.S.
Sidestep Contagion with Europe? ETFguide [ Short answer:
NO! ] ‘… SINKING INCOME LEVELS Even without Europe's
problems, the U.S.' reputation for being the land of milk and honey has been
declining. Household income, according to the Census Bureau's annual report on
living standards, fell for the third consecutive year and on an inflation
adjusted basis, incomes have retreated back to levels seen 15-years ago. Median
household income was at a mere $49,445 in 2010. Full-time workers also
experienced sagging incomes, which are lower today than in 1978, after adjusting
for inflation. Furthermore, the poverty rate for Americans increased to 15.1%
of the population. Will Europe's crisis help the U.S. economy end a
multi-decade trend of falling incomes and rising poverty? STILL BLIND TO RECESSION What do
economists have to say about all of this? As a collective group, economists
still deny the existence of an economic recession and their off-the-mark
financial projections show it. Instead of taking a sober and realistic view of
the economy, they see growth, growth and more growth. Economists with the
National Association for Business Economics (NABE) predicted 2.8% expansion for
the U.S. economy in May, but have since scaled back that forecast to 1.7%. For
2012, the group is projecting 2.3% growth. The NABE has been likewise wrong
about the unemployment rate. They were projecting a jobless rate of 8.7% for
the remainder of 2011 and 8.2% for next year. Instead, nationwide unemployment
has remained above 9% and if we account for marginally attached workers along
with unemployed self-employed workers the actual national jobless rate is
probably closer to 20%. It's important to remember the NABE's survey was
completed before the White House's unveiling of a $447 billion plan to
stimulate job growth through (more) government spending and tax cuts. No doubt,
once economists factor in the President's latest plan, they'll re-revise their
economic forecasts bullishly upward to agree with their perennial growth bias…’
Minyanville's
T3 Daily Recap: Market Squeeze Continues, But Was it a Trap? By T3Live.com Sep 14, 2011, ‘After a quick
rinse in the first hour of trading
Wednesday, the squeeze was back on as the SPDR S&P 500 ETF (SPY) surged
4 points (3.4%) from low to high. Weak shorts were forced to cover, and it was
off the races for stocks. But just when it seemed all was well with the market,
a harsh pull-in during the last half-hour of trading erased nearly half of
those gains. We have seen this type of behavior before during this wide range
consolidation in the market, and it typically leads to further downside. A
teleconference between German, Greek, and French leaders today resulted in
assurances that Greece would remain part of the Eurozone, but the same problems
still exist on the troubled continent. There is a crisis of confidence starting
occuring among European banks, with account holders keen to protect themselves
from calamity. This is exacerbating previous capitalization concerns, which
were confirmed this morning when French banks were downgraded. Today's action
could have been another clever ploy to suck in longs while relieving some of
the oversold condition of the market. Risk
is high in both directions in this environment, and, as we have stated
repeatedly over the last two weeks, it's best to keep your trading light at
this stage.’
Flat
retail sales keeps U.S. on recession watch
Another
Absolutely Bonkers Day Mark Gongloff
‘Still spinning? Well, folks, that was the stock market. Hope you enjoyed it.
Just another quiet, totally normal day. Yep, just another day when the Dow
loses 140 points in the last 20 minutes of trading, after soaring as high as
280 for pretty much no fundamental reason.Still, you can’t complain about it
too much. All the good stuff led the market higher today. The S&P’s 1.4%
gain was paced by healthy cyclical stuff like industrials, up 1.75%, consumer
discretionary, up 1.65% and tech, up 1.6%.The Dow transports jumped
2%. The VIX gave up 6.3%.All good signs, but you can’t shake the nagging
feeling that it can’t be realistic, given how absolutely nuts the action has been
lately. The Treasury market held pretty much steady, with the 10-year note
yielding 2% just about all day.Nobody’s comfortable right now — shorts have got
to be worried, and many got squeezed today.Those of us who are long, meanwhile,
are anxiously checking whether our top has stopped spinning yet.’
Europe's
Outlook Darkens as French Banks Wobble and Austria Delays Greek Bailout at Minyanville
The Daily Market Report Sep
14th, 2011 by News ‘If There Was Any Doubt… (USAGOLD) —
‘The yield on Greek 1-year money is trading in excess of 140% today; up
dramatically from just a week ago when the 1-year yield was still below 100%.
Clearly this is unsustainable and Greece is unquestionably on the verge of
default, save for some massive infusion of funds that will negate Greece’s need
to access global credit markets…’
Huge Surge
in Bank of America Foreclosures CNBC
| Bank of America is ramping up its foreclosure processing.
David
Rosenberg: “It’s Time To Start Calling This For What It Is: A Modern Day
Depression” Zero Hedge
| You know you’re in a depression when interest rates go to zero and there is
no revival in credit-sensitive spending. September 14, 2011
By now only the cream of
the naive, Kool-Aid intoxicated crop believes that the US is not in either a deep
recession, or, realistically, depression. For anyone who may still be on the
fence, here is David Rosenberg’s latest letter which will seal any doubts for
good. It will also make it clear what the fair value of the stock market is
assuming QE3 fails, which it will, and the market reverts to trading to fair
value as predicated by bond spreads. To wit: “If the Treasury market is correct in its implicit assumption of a
renewed contraction in the economy, then we could well be talking about
corporate earnings being closer to $75 in 2011 as opposed to
the current consensus view of over $110. In other words, we may wake up to find
out a year from now that whoever was buying the market today under an illusion
of a forward multiple of 10x was actually buying the market with a 15x
multiple.” And since we are in the
throes of a deep depression and a 10x multiple is more than generous, applying
that to $75 in S&P earnings, means that the fair value of the S&P is… we’ll
leave that to our readers.
From Breakfast with Rosie, of Gluskin
Sheff
We just came off the
weakest recovery on record despite the massive amounts of stimulus that the
U.S. government has delivered in so many ways. That the yield on the 10-year
U.S. Treasury note is down to 2% already speaks volumes because the last time
we were at these levels was back in December 2008 when the downturn was already
12 months old. A period like the one we have endured over the past six months
when bank shares are down 30% and the 10- year note yield is down 130 basis
points has never in the past foreshadowed anything very good coming down the
pike. If market rates are at Japanese levels, or at 1930s levels, then it’s
time to start calling this for what it is: A modern day depression.
Look, that entire period
from 1929-1941 saw several quarters of huge bungee-jump style GDP growth and
countless tradable rallies in the stock market.
But that misses the
point.
The point being that a
depression, put simply, is a very long period of economic malaise and when the
economy fails to respond in any meaningful or lasting way to government
stimulus programs. A series of rolling recessions and modest recoveries over a
multi-year period of general economic stagnation as the excesses from the prior
asset and credit bubble are completely wrung out of the system. In baseball
parlance, we are in the third inning of this current debt deleveraging ball
game.
You know you’re in a
depression when interest rates go to zero and there is no revival in credit-sensitive
spending.
The economy is in a
depression when the banks are sitting on nearly $2 trillion of cash and yet
there is no lending going onto the private sector. It’s otherwise known as a
‘liquidity trap’.
Depressions usually are
caused by a bursting of an asset bubble and a contraction in credit, whereas
plain-vanilla recessions are typically caused by inflation and excessive
manufacturing inventories. You tell me which fits the bill today.
When almost half of the
ranks of the unemployed have been looking for a job fruitlessly for at least
six months, you know you are in something much deeper than a garden-variety
recession. True, we can’t see the soup lines; the soup lines are in the mail —
99 weeks of unemployment cheques for over 10 million jobless Americans. Don’t
be lulled into the view that we are into anything remotely close to a normal
economic cycle.
Basically, in a
depression, secular changes take place. Attitudes towards debt, discretionary
spending and homeownership are altered for many years, or at least until the
scars from the traumatic experience with defaults and delinquencies fade away.
That is why we saw existing home sales slide to 15- year lows and new home
sales to record lows despite the fact that mortgage rates have tumbled to their
lowest levels in modern history. There is no economic model that would tell you
that declining mortgage rates should lead to lower home sales.
More fundamentally, in a
recession, the economy is revived by government stimulus. In depressions, the economy
is sustained by government stimulus. There is a very big difference between
these two states.
In a recession,
everything would be back to a new high nearly three years after the initial
contraction in the economy. This time around, everything from organic personal
income to employment to real GDP to home prices to corporate earnings to
outstanding bank credit are still all below, to varying degrees, the levels
prevailing in December 2007.
Let’s be clear: After
all the monetary, fiscal and bailout stimulus, the economy should be roaring
ahead, as would be the case if the economy were coming out of a normal
garden-variety recession. The fact that there has been no sustained response to
all these efforts by the government to turn things around is testament to the
view that this is not actually a traditional recession at all, but something
closely resembling a depression. That, my friends, is exactly what the bond
market is signaling, with Treasury yields rapidly approaching Japanese levels.
Just because the stock market embarked on a stimulus-led speculative two-year
rally, which ended abruptly in April 2011— does not change that fact.
For all the chatter
about whether the recession that started in December 2007 ended in mid-2009,
here is what you should know about the historical record. The 1930s depression
was not marked by declining quarterly GDP data every single quarter. In fact,
the technical recessionary aspect to the initial period following the asset and
credit shock goes from the third quarter of 1929 to the first quarter of 1933.
I can understand how
emotional the debate can get over whether or not we have actually just stumbled
along some post-recession recovery path or whether or not this is actually a
depression in the sense of a downward trend in economic activity merely
punctuated with noise that is influenced by recurring rounds of government
intervention. The reality is that the Fed cut the funds rate to zero, as was
the case in Japan, to little avail. Then the Fed tripled the size of its balance
sheet— again with little sustained impetus to a broken financial system.
Government deficits of nearly 10% relative to GDP, or double what FDR ever ran
during the 1930s, have obviously fallen flat in terms of providing any lasting
impact to the economy.
This is going to sound
like a broken record but it took a decade of parabolic credit growth to get the
The markets are telling
us something valuable when (after a period of unprecedented government
bailouts, incursions and stimulus programs) the yield on the 5-year note is
south of 1% and the 10-year is down to 2%. Instead of contemplating over how
attractively priced equities must be in this environment, market strategists
and commentators would bring a lot more to the table if they tried to decipher
what the macro message is from this price action in the Treasury market.
Conducting stock market valuation analysis based on unrealistic consensus
earnings assumptions does nobody any good, especially when these estimates are
in the process of being cut, and at a time when the Treasury market is telling
us we are the precipice of another recession.
If the Treasury market
is correct in its implicit assumption of a renewed contraction in the economy,
then we could well be talking about corporate earnings being closer to $75 in
2011 as opposed to the current consensus view of over $110. In other words, we
may wake up to find out a year from now that whoever was buying the market
today under an illusion of a forward multiple of 10x was actually buying the
market with a 15x multiple.
How’s that for a reality
check?
This augers for capital
preservation, defensive orientation in the equity market and a focus on
income-yielding securities; something we’ve been advocating for some time.’
How
American Taxpayers Could End Up Paying for ECB Liquidity Flood at The Wall Street Journal
How
Greece Is Mocking the Rest of the World [ Well, let’s get real here! There’s plenty to mock in
this world, and Greece is hardly the nation to be doing the mocking. I think
it’s the markets that are mocking the rest of the world’s stupidity for buying
into this false reality / obfuscation / fraud, particularly by way of the now
pervasive worldwide acceptance of the american strategy of currency debasement
which really is a fraud facilitator because it masks to all but the intelligent
few the underlying economic weakness and decline. A simplistic example, though
not perfect, is apropos here: a company sells a product for 1 dollar which
costs 1 dollar to make (assuming arguendo to cover fixed expenses - no profit).
The fed over-printing / creating dollars like mad to the point where it now
takes 2 dollars to render the same purchasing power of 1 dollar when the goods were produced. The
company sells the products for 2 dollars (the previous equivalent of 1 dollar
before debasement). The company is now showing earnings 1 dollar per unit sold,
yet in real terms, they’ve gotten no more than the equivalent of that 1 dollar
per unit. (If you’ve been to the grocery store lately, particularly the last
1-2 months, I’ve found meats, etc., to be up 50-100%, etc.). The same
obfuscating manipulations are applicable to assets generally, and to those
pieces of paper called stocks which are even ‘worse for the wear’ since
churn-and-earn commissions at lightning computerized speed are being subtracted
from this illusory ‘enhanced value’ which in reality doesn’t exist at all. (
Such manipulations from currency translation also provide ‘arbitrage
opportunities’ though similarly largely ultimately subtracted from no real
value being created. ) This is why fraudulent wall street loves the fed’s QE’s
and dollar debasement / over-printing / creating and also why it’s been a
dismal failure and a net negative in real economic terms as seen on main street
and in the desimation of the middle class and growing ranks of the poor. In the
analysis of securities, this would be considered ‘the quality of earnings
factor’ that goes into the assignment of a p/e multiple to the projected
earnings. Sufficeth to say, this is no longer done on wall street in any real
or legitimate fashion if at all. Indeed, it’s a fair statement to say that
security analysis is no longer a ‘practice’ as same was considered, once upon a
time, by value investors / analysts. As set forth by Dave and Cooper, infra,
computerized programmed manipulation at lightning speed has been expedient in
the short run for the wall street frauds but ultimately leads to the inevitable
crash since as I often reiterate:
‘Remember, there is no modern day alchemy that
spins worthless paper into gold except fraudulently for the frauds on wall
street who’ve literally oftimes done exactly that; ‘cashing out’ for hard
currency and gold, precious metals, at everyone else’s expense including main
street. They’re just not that important and represent, like termites eating
away at the nation’s foundation, a drag on the economy, the nation as one would
expect from parasites such as they are’. What
to Expect Next From the Markets
Minyanville Jeffrey Cooper ‘Conclusion:
It looks like a program was run using the least amount of dollars to goose the
indices by focusing on some big cap names like Apple, Amazon, Baidu, IBM, and
Caterpillar, Dave’s Daily:’.. The HAL 9000s have been doing
business as HFTs (High Frequency Traders) launching many buy or sell programs
using complex algorithms which can drive prices on indexes higher or lower in
dramatic fashion. One of their great acts is called "quote stuffing".
It's another illegal activity which the SEC hasn't quite figured out. It's as
futile for them as the illegal fee-driven recent end-of-quarter price
jam-job..’.
Simon Maierhofer, On Friday September 16, 2011, ‘Webster's
dictionary defines gullible as naive and easily duped or cheated'.
On Thursday stocks rallied after
Germany and France gave assurance that Greece will remain a member of the euro.
Haven't we been down this road before?
How often have there been statements assuring that Greece is fine or will be
fine? An Associated Press article stated this week that: 'Hopes were raised by
the outcome of a teleconference Wednesday between leaders of France, Germany
and Greece.'
Hope worked as propaganda tool for
President Obama three years ago, but hope is not a suitable investment
strategy. Einstein's famous definition of insanity comes to mind: Insanity is
doing the same thing over and over again and expecting different results.
Since the beginning of 2010 there have
been five 10%+ sell offs. All of them, with the exception of the March 2011
decline (Japan earthquake), were blamed on Greece. When stocks recovered, it
was credited to Greece's rigorous adherence to the demanded austerity measures
or new bailout money.
The S&P has made no net progress
since January 2010. After two years of water treading and lessons in
Greek-style financial mockery we have to ask, is Wall Street insane?
Greece's Prime Minister George
Papandreou just pledged that a reform program would be on the top of Thursday's
(yesterday) Greek cabinet meeting. To buy stocks based on a pledge to push a
concern that was initially sold as non-issue but has morphed into a matter of
survival on the top of an agenda does seem insane.
Or should we just consider the Greeks
geniuses? After all, they have figured out how to control Wall Street. Today it
only takes mythical Grecian hope for a hopefully hopeful outcome to excite Wall
Street.
A German saying may describe Greece's
situation. Loosely translated, it goes like this: Once your reputation is
ruined, you may live blatantly uninhibited.
Insane Financial Pain
The Greek saga began over two years
ago, when, on June 23, 2009, Greece's finance minister nonchalantly disclosed
that: 'The rate of growth for the Greek economy in 2009 is expected to slow
more than forecasted. Specifically, it will range around zero and only return
to growth in 2010.' The disclosed budget deficit at the time was $3.1 billion.
Growth obviously didn't return in 2010,
but the following headlines all offered hope in 2010:
ECB member says no bailouts for Greece
Bulls run on Greece news
Debtors bet Greece won't spill
Is Greece's crisis over?
Greece contagion fears unfounded
IMF approved $3.3 billion for Greece amid
impressive fiscal adjustment
If Greece's adjustment was that
impressive, why are we still talking about Greece?
Small Fish in the Debt Pond
Greece has made quite a splash but it
is just a small fish in the European debt pond. Given some more time, we'll
probably find out that bigger fish make bigger splashes. Next in line are
Portugal, Spain, Italy and France. In terms of size, this is probably like
comparing a goldfish with a tuna.
The Wall Street Journal reported on
Monday that: 'European banks are cutting back on dollar denominated loans, a
troublesome sign of credit contraction at a time when American and European
economies can least afford it.' Credit contraction is the mother of deflation
and Bernanke's most feared enemy.
The Chairman of Societe Generale, one
of France's largest banks, made it a point to state on Monday that the bank was
well funded. Nevertheless, it will be reducing its dollar denominated debt and
lay off workers. When promises conflict actions, we know that actions speak
louder than words. Laying off workers is not confidence inspiring.
Back in February, the ETF Profit
Strategy Newsletter warned that: 'The debt problem of sovereign European
countries has or is about to turn into a debt problem of super sovereign
entities. The IMF and EU swallowing up massive amounts of debt has not
eliminated debt, it has merely re- shuffled and concentrated it.'
On July 15, I stated via ETF Profit
Strategy Newsletter: 'I know European stocks will tank eventually but I don't
know when. However, I see that the iShares MSCI EAFA ETF (NYSEArca: EFA
- News)
just sliced below it's 20, 50 and 200-day simple moving averages (SMAs). The
same is true for the iShares MSCI Emerging Markets ETF (NYSEArca: EEM
- News).
The high reward, low risk trade would be to go short EFA or EEM with a stop
loss just above the 200-day SMA Corresponding ETFs are Short MSCI EAFE
ProShares (NYSEArca: EFZ - News)
and Short MSCI Emerging Markets ProShares (NYSEArca: EUM
- News).
What's Next?
Fortunately the European Union can rely
on the smarts of its many capable members. There is former IMF chief Dominique
Strauss-Kahn who'd rather force his will on an innocent Manhattan hotel worker
than enforce strict financial rules on member countries, Luxembourg's Prime
Minister Jean-Claude Juncker who openly confesses to lying if required by
circumstances and a whole slew of officials suffering from gullibility. You
should think twice before betting against the European financial dream team.
As for me, I rely on technicals, not on
officials, their decisions or the media's interpretation of it. The technicals
I focus on are those of the S&P (SNP: ^GSPC). Not surprisingly, European
stocks have generally moved in the same direction as the S&P.
The S&P and the SPDR Euro STOXX 50
ETF (NYSEArca: FEZ - News)
both topped on May 2. The S&P's top came right on queue and within the
1,369 - 1,382 target range of a major market top I've outlined via the ETF
Profit Strategy Newsletter since early 2011.
Unlike the S&P, FEZ sunk to new
lows on September 12. On that day FEZ was 38% below its May 2 high. Some more
near-term damage may be to come for European stocks, but after a 38% haircut is
not the time to double up on short positions.
As far as the S&P (SNP: ^GSPC), Dow
Jones (DJI: ^DJI) and Nasdaq (Nasdaq: ^IXIC) is concerned, new lows are
likely…’
Citi
Cuts S&P 500 Target, Too at The
Wall Street Journal
Lesson
From A Burst Bubble: Dead Men Don't Spend at Forbes ‘The Lehman bankruptcy was a much more
important event than 9/11. It marked the end of a 60-year credit expansion.
Maybe it marked the high water mark for the U.S. empire, too, and the beginning
of the end for the U.S. dollar-based world monetary system.
What’s most remarkable
about this post-Lehman economy is that it is so un-remarkable. The economy is
contracting, and as it contracts, it squeezes jobs, incomes, spending and
prices.
We saw a note in the
press yesterday. It told us that even the wages of sin are falling. The union
that represents waiters and cocktail servers at Atlantic City casinos says the
hourly base has fallen from $8.74 to only $4.50. And tips are tumbling. Surveys
of prostitutes show their earnings are a bit limp, too.
And as people get
squeezed by the financial correction, they gasp for breath. There are now 46.2
million people in America under the poverty line, according to The Los Angeles
Times. That’s the most in 50
years.
But nothing
extraordinary about that either. This is the biggest correction in half a
century too. And you don’t have to look very far to find more confirmation.
That’s why the 10-year
Treasury note yield has fallen to the lowest level since right after WWII, and
it’s why nearly half the people looking for a job have been looking for more
than six months. And it’s why a recent poll shows that 72% of Americans think
the nation is going to hell.
Now, finally, almost
everyone realizes that this is not a recession-recovery situation. Something
else is going on. The Financial Times calls it a Great Recession. Richard Koo calls it a “Balance Sheet
Recession.” And David Rosenberg says we should call it what it really is — a
“modern depression.”
But we’ll stick with our
Great Correction label. Because we think there is more going on here than even
a ‘depression’ describes. (About which…more below…).
So far, practically
everything that has happened is about what you’d expect — the predictable,
ordinary consequences of a contraction. There is nothing remarkable about it.
But what’s this? The Dow
is back on the rise. Stock market investors don’t seem to have gotten the
message: this economy is in a contraction. They’re still pricing stocks as if
they thought the underlying businesses would grow. But companies don’t add
sales or profits in a contraction.
At least gold investors
seem to have a better idea of what is going on. They sold the yellow
metal. The price of the GLD is dropping.
And the bond market too
has its feet on the ground. The yield on the 10-year note is only 2.08%. That
is a level consistent with a Japanese-style slump…
No surprises here. But
what if there were more going on than a simple financial correction…even a
correction of a 60-year credit expansion? What if the Great Correction were
greater than we thought? More ambitious, more aggressive and more dangerous?
In the space of the last
500 years the human population grew approximately 1000%. If it were a financial
chart, you’d look at it and think — ‘uh oh…it’s a bubble.’
What if we were approaching
a correction?
Reuters
reports that the population of Japan is falling like a stone. Some 20 million
Japanese are expected to disappear in the next 30 years.
Declining, graying
populations are not what you need for economic growth. Old people don’t spend
much. Dead people spend even less.
As a result, the economy
shrivels up like a 90-year-old. In Japan today about the only business still
growing is the funeral business. People spend $157 to rent cold rooms, where
they can store their loved ones while they await a spot at the crematorium. No
kidding. Here’s Reuters:
Annual deaths are
expected to peak at 1.66 million in 2040 as the bulk of the nation’s baby
boomer generation expires. By then, Japan’s population will have shrunk by
around 20 million people, an unprecedented die off for a nation neither at war
or blighted by famine.
Dead
Men Don’t Spend by Bill Bonner originally appeared in the Daily Reckoning. ‘
ETFs
have potential to become the next toxic scandal Sep 19th, 2011 News (The Telegraph) — Back in April,
the Financial Stability Board (FSB), an international super-regulator, wrote a
prescient if less than catchily-titled paper “Potential financial stability
issues arising from recent trends in Exchange Traded Funds (ETFs)”.Its central
warning – that ETFs are not the cheap and transparent vehicles the marketers
would have us believe – was spot on. When UBS’s $2bn black hole hit the screens
on Thursday, no one who read the FSB report was surprised to see the words ETF
and rogue trader in the same sentence…around half of the ETFs in Europe today
do not match the index they are designed to track by holding all of its
constituent shares. Unlike the plain vanilla “full replication” ETFs which do, 45pc of the market is in the form of so-called
“swap-based” ETFs which instead use derivative agreements,
often with investment banks, to simulate the performance of the underlying
assets. Derivative trades add a second layer of uncertainty to the unavoidable
ups and downs of the market, the counterparty risk that the organisation on the
other side of the contract might go bust. Even worse, the provider of the ETF might sometimes be a part of
the same organisation as the derivatives desk carrying out the swap…For
reasons which I’m not sure I could explain even if I had the space, it is possible for the number of shares sold short in
an ETF to massively exceed the actual number of shares available.
[source]
4 'Invisible'
Forces to Seal the Market's Fate ETFguide Simon
Maierhofer, On Monday September 19, 2011, ‘In 2004,
Daniel Simons of the University of Illinois and Christopher Chabris of Harvard
University conducted an experiment that was as simple as it was fascinating.
If you want to be part
of the experiment, watch this
video before you read any further.
The Experiment
There are two groups of
three people each. One group is wearing black shirts, the other group white
shirts. The assignment is to watch how many times the players wearing white,
pass the basketball.
If you counted 15, you
are correct. But more importantly, did you notice the gorilla? While you were
counting passes, a woman dressed in a gorilla suit walked slowly across the
scene, stopped to face the camera and thumped her chest.
Half of the people
watching the video with the intent of counting passes did not see the gorilla.
The experiment illustrates the phenomenon of unintentional blindness. This
condition, also known as perceptual blindness, prevents people from perceiving
things that are in plain sight.
For most of 2010-11 Wall
Street was so enamored by the magical powers of QE2 that it forgot about the
800-pound gorilla - the economy that wasn't improving. In fact, the economy
continued deteriorating in plain sight.
There are five bearish
mega trends that may draw stock prices much lower over the coming years. Here
are the five mega trends (and what will make stocks rally in between).
U.S. Deficit
For a moment, take a
mental journey with me back in time. We are now in early 2008. The major
indexes a la S&P (SNP: ^GSPC), Dow Jones (DJI: ^DJI), and Nasdaq (Nasdaq:
^IXIC) are slowly coming off their all-time high and the VIX (Chicago Options:
^VIX) is reflecting some complacency before the collapse of Lehman Brothers
hits the news.
Unbeknownst to most, the
perfect financial storm is brewing. Once the storm hits, it is much worse than
anyone expected. But, the eventual damage is limited. Why? Because, the
government steps up and does what it takes to prevent the financial system from
failing.
Today has the feel of
early 2008. Another perfect storm may be brewing. Will the government be there
to do what it takes to support 'too big to fail?' No! In 2008 financial
companies were in trouble. In 2011 entire countries (look at Europe and the
U.S.) are struggling to escape the grip of delinquency.
A Decelerating
Generation
Starting in 2011, more
than 10,000 baby boomers a day will turn 65, a pattern that will continue for
the next 19 years. This dry humor cartoon encapsulates the problem retirees'
face today:
Two older gentlemen are
having a drink. One says: 'As a Baby Boomer, I never thought the boom would be
the sound of my retirement accounts collapsing.' He'd like to sip on a nice
Scotch while enjoying a steak, but has to settle for water and free bread
sticks at Olive Garden.
Most retirees still
haven't recovered from the lost decade. Let's make the term lost decade more
personal. A 55 year old with $100,000 in his retirement account at the
beginning of the year 2000 and a 6% projected rate of return, would have
$201,419 today.
The S&P trades 20%
below its 2000 level. Courtesy of the lost decade, that $100,000 in the year
2000 has turned into $80,000 today (perhaps less if invested too aggressively).
In other words, many retirees may have to get by on less than half of their
expected nest egg. In addition, their home, rather than being an asset (many
considered it an ATM a few years ago), has turned into a liability.
It doesn't take much
imagination to see that strapped retirees are bad for economic growth. When the
focus is on survival rather than pleasure, sectors like technology (NYSEArca: XLK - News), retail (NYSEArca: XRT - News), and consumer discretionary
(NYSEArca: XLY - News) suffer.
In addition, baby
boomers that have been buying stocks for decades (think of all the 401k money)
are now turning into sellers of stock.
Low Interest Rates
Low interest rates are
great for the U.S. government because it reduces debt payments on Treasuries
and businesses wanting to expand. Unfortunately, businesses don't feel like
expanding or even hiring and for pretty much everyone else low interest rates
are negative.
Some try to sell the
idea that low interest rates are good for stocks (NYSEArca: VTI - News) because money will flow
from low interest bonds into stocks in an effort to get a better return.
The chart below plots
the Nikkei against Japan's version of the discount rate. The discount rate has
been below 1% since 1995. At the same time the Nikkei has dropped from above
20,000 to below 10,000. Much of this happened during a raging global bull
market. Imagine what a global bear market can do to U.S. stocks.
https://www.etfguide.com//contributor/UserFiles/8/Image/yahoo%20japan%20discount.gif
Low interest rates are a
double negative because they reduce available spending for retirees who need to
get as much income as possible to survive.
Coming to a Head
The above three bearish
trends were highlighted in detail in various 2011 ETF Profit Strategy
Newsletters. Due to those, and other mega trends, the Newsletter has been
expecting a major market top.
For much of 2011
however, the expectation of a major market top was postponed until the ideal
target range was reached. The April 3 ETF Profit Strategy update included a
precise range for a major market top: 'In terms of resistance levels, the 1,369
- 1,382 range is a strong candidate for a reversal of potentially historic
proportions. '
Why was S&P 1,369 -
1,382 a candidate for a reversal of historic proportions? The chart below,
published by the ETF Profit Strategy Newsletter in March and many times since,
has the answer.
https://www.etfguide.com//contributor/UserFiles/8/Image/yahoo%20M%20pattern.gif
What you see is a giant
M, or head and shoulders top. The right shoulder was made up of the parallel
trend channel that connects the 2002 and 2009 low, with the 2000 high. In
April/May the upper line of the trend channel ran through 1,377. Additional
resistance was provided by Fibonacci levels at 1,389 and 1,369.
On May 2, the S&P
briefly spiked as high as 1,370.58 before retreating and eventually dropping
18% in twelve trading days (July 25 - August 9). Once the S&P dropped below
the 200-day SMA it entered free fall territory…’
Stock-ECRI
Disconnect Suggests More Downside at
The Wall Street Journal Oddly
Cheery Greek Pronouncements, Part Deux at
The Wall Street Journal Greek
Finance Ministry Sends Oddly Cheery E-Mail at The Wall Street Journal Apple Hits New High
(Update1) [ This manipulated programmed trade to froth markets is a
crash in the making – sell at these ridiculous levels / take profits! ] Stocks cut
losses on hopes for Greece
Analysis:
Japan's lost decade still a risk for U.S. economy Behind the
poverty numbers: real lives, real pain Market Havoc and Threats to Your Pension
International Forecaster | We have warned over and over again that government
was going to come after your private retirement funds. US taxpayers could be on hook for Europe
bailout MSNBC | The U.S. is coming to Europe’s financial rescue.
Market
Recap: S&P Downgrades Italy, Housing Starts Tumble, Markets Wait on
Bernanke Wall St Cheat
Sheet September 20, 2011, Markets closed mixed on Wall Street today: Dow +0.07%
, S&P -0.17% , Nasdaq -0.86% , Oil +1.39% , Gold +1.65% .
On the commodities
front, Oil climbed to $86.89 a barrel. Precious metals also climbed, with Gold
rising to $1,808.30 an ounce while Silver climbed 1.95% to $39.93 an ounce.
Hot Feature: European
Central Banks Are Hungry for Gold
Today’s markets were
mixed because:
1) Italy. Standard &
Poor’s cut
Italy’s credit rating late Monday by one level to A from A+, citing weak economic
growth and criticizing Rome’s response to the debt crisis. Italian Prime
Minister Silvio Berlusconi responded, saying that the move was influenced by
“political considerations” and media stories rather than economic reality.
Markets quickly shrugged off the news, with major indices in Italy, Germany,
and London all opening higher this morning.
2) Bernanke. Goldman
Sachs provided a preview of what investors could see tomorrow from the Federal
Reserve, saying there is a “high probability that the FOMC will announce
further easing steps at the conclusion of this week’s meeting.” Goldman went on
to say that Operation Twist looks “very likely” and that, “As a complementary
measure, we also expect that the committee will announce a cut in the interest
on excess reserves (IOER) rate to 0.1% from 0.25%, although this is a much
closer call. An IOER cut would lower market interest rates a small amount and
could aid communication.” The expectation of good news buoyed markets despite a
day full of negative or at least neutral economic data, and had the major
indices climbing high in mid-day, though they’ve since declined toward more
reasonable levels, given that the IMF announced today that it had lowered its
global economic forecast for 2011 and 2012, with growth in Europe and the U.S.
stalling.
3) Housing. Both housing
starts and completions declined in August from already depressed numbers,
according to a monthly report by the Department of Urban Housing and
Development, in conjunction with the U.S. Census Bureau. However, building
permits increased last month, which means more projects are likely to start
within the next six months. The news had building stocks climbing higher, including
Toll Brothers , D.R. Horton , KB Home , PulteGroup , Hovnanian Enterprises ,
and The Ryland Group all outperforming the major indices.
BONUS: IMF Downgrades
Global Economic Outlook ‘
30
Signs That The U.S. Economy Is About To Go Into The Toilet The Economic
Collapse | If you think the U.S. economy is bad now, just wait for a few
months.
The insiders have vanished.
Chief executives. Board members. The head honchos. The people who know. Just a few weeks ago, they were out in
force, buying up shares in their own companies with both hands. No longer. They’ve disappeared. Almost
overnight. “They’ve stopped
buying,” says Charles Biderman, the chief executive of stock market research
firm TrimTabs, which tracks the data.
For some reason, this
almost always starts happening before a crash. So obviously this is not a good
sign.
A lot of normal
investors have been pulling large amounts of money out of stocks as well. The
following is from a report in
the Financial Post....
Investors have pulled more money from U.S. equity funds since
the end of April than in the five months after the collapse of Lehman Brothers
Holdings Inc., adding to the $2.1 trillion rout in American stocks.
About $75 billion was withdrawn from funds that focus on shares
during the past four months, according to data compiled by Bloomberg from the
Investment Company Institute, a Washington-based trade group, and EPFR Global,
a research firm in Cambridge, Massachusetts. Outflows totaled $72.8 billion
from October 2008 through February 2009, following Lehman’s bankruptcy, the
data show.
Are you starting to get
the picture?
Not only that, but a
third very troubling sign is that an extraordinary number of bets have been
placed against the S&P 500. As
I noted the other day, if there is a stock market crash in the next few
weeks, somebody is going to make a ton of money....
We are seeing an amazing number of bets against the S&P 500
right now. According to CNN, the number of bets against the S&P 500 rose to the highest level in a
year last month. But that was nothing compared to what we are seeing
for October. The number of bets against the S&P 500 for the month of
October is absolutely astounding.
Somebody is going to make a monstrous amount of money if there is a stock
market crash next month.
It doesn't take a genius
to see all the dark financial clouds that are gathering on the horizon.
And all of the bad news
that is constantly coming
out of Europe is certainly not helping things. For example, yesterday
S&P slashed the credit ratings of
seven different Italian banks.
Credit downgrades have
become so frequent that we hardly even notice them anymore. Pessimism is
everywhere right now. Suddenly it seems like almost everyone is predicting that
another "recession" is coming....
Portfolio
Insights by Brett Arends Sept. 21, 2011 Brett Arends, MarketWatch BOSTON
(MarketWatch) — ‘Something ominous is happening on Wall Street, but nobody has
noticed. The insiders have vanished. Chief executives. Board members. The head
honchos. The people who know. Just a few weeks ago, they were out in force,
buying up shares in their own companies with both hands. No longer. They’ve
disappeared. Almost overnight. “They’ve stopped buying,” says Charles Biderman,
the chief executive of stock market research firm TrimTabs, which tracks the
data. “Insiders aren’t buying this rally.” Insider stock purchases, which
surged above $100 million a day in the market slump last month, have now
collapsed to just $13 million a day. Meanwhile the ratio of insider sales to
purchases has skyrocketed. Today insiders are dumping $7 in stock for each $1
that (other) insiders are buying. That’s a worrying ratio. Six weeks ago the
amounts of purchases and sales were about equal. It’s the kind of news that
should give investors pause. What insiders do with their own money is one of
the stock market’s best barometers. After all, who better than company
executives know their own order books? Who knows the conditions in their
industry better? You find insiders typically buying heavily at the market lows
— they did in 1987, in 1998, and they did during the financial crisis in
2008-9. (You also typically find them cashing out big-time at the peak). ‘
MARKETS
DESTROYED AROUND THE WORLD: Here's What You Need To KnowBusiness Insider
The Real
Reason Behind the Market's Meltdown Simon Maierhofer, On Thursday September 22, 2011,
11:01 pm
Was it just bad timing
or did the Fed cause this two-day market meltdown?
Since Bernanke spoke
yesterday the S&P (SNP: ^GSPC) lost as much as 80 points, nearly 7%. The
Dow Jones (DJI: ^DJI) shed about 700 points, the Nasdaq (Nasdaq: ^IXIC) 150
points and the financial sector (NYSEArca: XLF - News) tumbled 7.7%. The VIX
(Chicago Options: ^VIX) soared over 25%.
No doubt the Fed seems
to have lost the touch that made QE2 a temporary 'success' (if success is
measured exclusively by stock prices).
Bad Timing
But quite frankly, the
timing of 'Operation Twist' was just plain bad. The market's fate was sealed
even before Bernanke stepped on stage. Already back in August the ETF Profit
Strategy Newsletter highlighted seven reasons why new lows are likely between
September 6 and September 28.
In a special pre-FOMC
announcement update on Tuesday night, the Newsletter confirmed its bearish
outlook and recommended to short the S&P as soon as it breaks below 1,191.
Why 1,191? Because it was important support composed of this week's pivot,
Fibonacci support, the 20-day moving average and Monday's low.
Here are six reasons why
new lows were likely and where and why stocks will bounce.
A Major M-Pattern
(or Head-and Shoulders) Top
Since early 2011 the ETF
Profit Strategy Newsletter has been expecting a major market top. The chart
below shows a bearish multi-decade M-pattern (or sloppy head-and shoulders).
The key question was were the right side of the 'M' would end.
The chart below was
featured in an April 5 update along with the following commentary: 'In terms of
resistance levels, the 1,369 - 1,382 range is a strong candidate for a reversal
of potentially historic proportions.'
https://www.etfguide.com//contributor/UserFiles/8/Image/5%20-%20April%203%20TF.jpg
RSI Divergence
There is one striking
similarity between the October/November 2008, March 2009 and May/June/July 2010
lows. In all three cases the S&P reached an initial price low accompanied
by an RSI (relative strength indicator) low. However, a more lasting low was
not reached until the S&P recorded a new price low against higher RSI
reading.
In other words there had
to be a divergence between the S&P and RSI. The S&P and RSI both
recorded their initial low on August 9. Now we are waiting for a new S&P
low while RSI stays above its August 9 reading.
Seasonality
August, September, and
October is the most bearish stretch of the year. September and October sport
negative performance even in the pre-election year.
Sentiment
From S&P 1,370 on
May 2 to S&P 1,258 on June 16, the S&P shed 112 points and sentiment
measured by Investors Intelligence (II) and the American Association for
Individual Investors (AAII) turned deeply bearish. The June 16 ETF Profit
Strategy update took that as a queue to buy (long positions were
closed at S&P 1,340).
From S&P 1,353 on
July 7 to S&P 1,102 on August 9 the S&P lost 251 points, yet the II
sentiment poll registered the second most bullish reading since the first week
of May. AAII and II polls are often considered the 'dumb money.' If the 'dumb
money' views last Wednesday's low as a buying opportunity, the 'smart money'
should be suspicious.
VIX Pattern
If you have the charting
capabilities, take a moment and plot the VIX (Chicago Options: ^VIX) against
the S&P for the month of September - November 2008 and April - July 2010.
If you don't have the time you may simply look at the chart below.
https://www.etfguide.com/images/PDNewsletter_Images/yahoo%20-%20vix%20pattern.gif
What What we've seen in
2008 and 2010 is that a VIX peak did not coincide with the S&P bottom. The
S&P bottom actually occurred against a lower VIX reading. If this pattern
continues, we will see lower lows.
The August 14 ETF Profit
Strategy Newsletter update includes a detailed analysis of the VIX pattern,
along with the time frame and target level for an expected turn.
The Script
Via more or less
accidental chart surfing, I found a striking resemblance between the 2007
market top and the May 2011 top. This moved me to state in the July 17
Profit Strategy update that:
'There is a similar
trend line and a triple top above the trend line. A break below that trend line
could be a precursor of bad things. Next week the trend line will be at about
1,262.'
The S&P sliced
through that trend line on August 4 and fell an additional 12% within the next
four days. A deeper analysis of this chart parallel also suggests new lows.
The Outlook
The market's performance
over the last couple of days has validated the studies above. We are now
waiting for new lows…’
Market
Recap: China Falters, Banks Exposed, and Fed Causes Market to Plummet Wall St. Cheat Sheet, September 22, 2011, Hot Feature: U.S. Home Prices Down 3.3%Today’s
markets were down because:1) Fed. Markets plummeted today following dire
remarks on the economy from the Federal
Reserve. The news of slowing growth also pushed most commodities lower,
including oil, gold, and silver, while only Treasuries moved higher as
investors sought one of the few safe havens left. The Fed’s announcement of
Operation Twist yesterday failed to instill much confidence in the economy, and
few think the measures will be enough to reverse the economic downswing over
the last few months. After all the anticipation leading up to the Fed’s
decision, investors were left with the understanding that not even the Fed has
the power to turn this thing around. 2) China. Through all the economic turmoil
that has engulfed the globe over the last few years, China has been the one
shining beacon of progress and growth. However, despite the fact that China’s
economy is still on track to grow 8.5% to 9% this year, its manufacturing
sector has been contracting for the last three months now, according to HSBC’s
manufacturing PMI. There was a lot of concern over China because heretofore
it’s been the one pocket of unstoppable strength in the global economy,” said Paul Larson, chief equity strategist at Morningstar. “If
that stops and China becomes a drag on worldwide growth, it could have big
implications here in the U.S.” News that China might not be as infallible as once
though had a host of popular Chinese stocks plummeting today, including shares
of Sohu.com , Youku.com , RenRen , Sina Corp. , and Baidu.com , which fell
nearly 11% today.3) Banks. After Moody’s downgraded some of the nation’s top
banks yesterday, investors are growing worried about the financial industry’s
exposure to the sovereign debt crisis in Europe. Not only were Bank of America
, Wells Fargo , and Citigroup continuing to slide today after Moody’s
downgraded them, citing the unlikelihood that the government will step in
should the financial sector find itself in a similar situation to that of 2008,
but the entire sector fell on concerns that Moody’s was right. Barclays ,
JPMorgan , Goldman Sachs , and Morgan Stanley were all heavy drags on the markets
today. European banks were trading sharply lower for the same reason, with
France’s SocGen and Credit Agricole falling 9.5% each, while Deutsche Bank and
Credit Suisse also underperformed the markets. BONUS: Jobless
Claims Continue in the Wrong Direction ‘
Federal
Reserve's Twist of Fate Forecasts a Waterfall Into Early Octoberat MinyanvilleEurope
debt crisis, dire economic reports cause Dow plunge Sep 22nd, 2011 News (HousingWire) Live
Blog: Market Meltdownat The Wall
Street JournalEU
officials expect Greece to default but stay in eurozone London Telegraph |
There is a growing consensus among EU diplomats and officials that Greece will
default while remaining inside the eurozone.Depressed
As A Nation? 80 Percent Of Americans Believe That We Are In A Recession Right
Now The Economic Collapse | According to a brand new Gallup poll, 80
percent of Americans believe that we are in a recession right now. Soros:
US Is Already in Double-Dip Recession CNBC.com | Soros said he believed the
United States was already experiencing the pain of a double dip recession.
Fed vs
Market - Will Selling Pressure Overpower Operation Twist? Simon
Maierhofer, September 23, 2011, The Fed just
unleashed a $400 billion package to boost the economy. To say the market didn't
react favorably would be an understatement.
The Financial Select
Sector SPDR (NYSEArca: XLF
- News) greeted the program
with an 8% haircut. The S&P (SNP: ^GSPC), Dow Jones (DJI: ^DJI) and Nasdaq
(Nasdaq: ^IXIC) fell 4-6%. On the bright side, the yield of the 10-Year T-Note
dropped another 0.242%, from one all-time low to the next.
Will 'Operation Twist'
buoy stocks or will the market overpower the Fed's half-hearted effort? Believe
it or not, but after some more suffering, I believe the Fed will eventually
reap some (temporary) credit for this stick save (more about that in a moment).
Bernanke Must be
Surprised
In his February 9, 2011
speech before the U.S. House of Representatives, Ben Bernanke was quick to take
credit for the results of QE2: 'Since then (the onset of QE2), equity prices
have risen significantly, volatility in the equity market has fallen. All of
these developments are what one would expect to see when monetary policy
becomes more accommodative.'
On February 9, the
S&P closed at 1,320, the VIX (Chicago Options: ^VIX) at 15.87. Today the
S&P is 13% lower while the VIX has soared a stunning 160%. Bernanke's
credibility has tumbled somewhere between 13 and 160%.
Contrary to Bernanke's
upbeat outlook, the ETF Profit Strategy Newsletter published the following
chart just a week after Bernanke's comfy cozy assessment of QE2 and the stock
market's reaction.
https://www.etfguide.com//contributor/UserFiles/8/Image/yahoo%20M%20pattern.gif
The chart shows a giant
bearish head-and shoulders or M-pattern. At the time, the Newsletter projected
a market top at 1,382 - 1,385. The April 4 ETF Profit Strategy update refined
the target range: 'In terms of resistance levels, the 1,369 - 1,382 range is a
strong candidate for a reversal of potentially historic proportions.'
Sleep in the Bed
You Made
Operation Twist - the
Fed's latest concoction - became necessary because QE2 didn't stick. Banks
(NYSEArca: KBE - News) graciously accepted the
generous $600 billion donation, but despite the huge cash infusion, the Banking
Index today trades 22% below its November 3, 2010 prices, when QE2 was
launched.
Will Operation
Twist be More 'Successful' than QE2?
QE2 created $600 billion
out of thin air while Operation Twist merely changes the maturities of the
Fed's existing balance sheet.
Over the next nine
months the Fed will sell $400 billion worth of short-term (3 years or less)
Treasuries and use the proceeds to buy maturities ranging from 6 - 30 years.
Maturing mortgage-backed securities (MBS) will be re-investing in MBS, not in
Treasuries.
If you are wondering how
this approach of transferring money from the left to the right pant pockets
makes a difference, you've already found the reason for the post
FOMC-announcement meltdown.
Wall Street considered
the proposal half-hearted and the stated goal of lowering long-term interests
unnecessary, especially considering that the yield on the 10-Year T-Note is
already at a multi-decade low.
Range bound Trading
with a Purpose
From July 21 - August 8
the S&P lost nearly 250 points. Nevertheless, the August 8 TF made clear
that there will be another low and stated that: 'One of the conditions for a
market bottom is lower lows against improving breadth. Breadth was horrible
today and no lasting low was reached. What generally tends to happen within a
major sell off is a period of time where stocks take a breather followed by the
final leg down. This final leg sports lower prices but improving breadth.'
Support at 1,121 held
and the S&P was due for a 'breather period.' The back and forth of the
recent weeks qualifies as just that. It also shows that there's a method behind
the market's madness.
Range bound trading
lulls investors into a false sense of security and makes traders gun shy before
pulling the proverbial rug out from underneath them.
In a special Tuesday's
pre-FOMC decision update, the ETF Profit Strategy Newsletter pointed out that
the down side risk remains much bigger than the up side potential and that the
direction for XLF is down as long as it doesn't move above the 20-day SMA at
12.70 and last week's high at 13.04.
Connoisseurs of
technical analysis will find the following chart of interest. The update
brought out that percentR (a measure of relative strength) moved above 80 for
the first time since late July. The chart below (featured in Tuesday's update)
showed what happened the last two times percentR moved above 80 - stocks
dropped.
https://www.etfguide.com//contributor/UserFiles/8/Image/yahoo%20-%20spx%209%2020%2011.gif
The actionable
recommendation given was for aggressive investors to go short with a break
below 1,191. Selling accelerated as soon as the S&P broke through the
support at 1,191 and didn't stop until the S&P reached support at 1,121.
There were seven other
reasons why I expected new lows (see August 14 and 21 update for a concise
summary), one of them is seasonality. August, September, October is a bearish
time of year, even during Presidential election years…’
Are We
Japan Yet? No! But Closer!
More
Pain Is Coming To Equities
http://regator.com/p/253227580/more_pain_is_coming_to_equities By Penguin
Capital Markets: ‘Run! That's what equity markets are screaming right now, and
I have to agree. While markets have already dropped in reaction to the poor
FOMC announcement, we've only scratched the surface of what could be another
free-fall in stocks. The already significant drop in copper is a leading
indicator that the recession. Look how the metal has just recently lost all its
price momentum as of August.’
[video]
Preservation of Capital Is (and should be, since much worse to come, the
primary) Priorityat TheStreet.com
Taken
to Task: ‘Free Market’ Champions Go Begging for Bailouts (Reprise)The Daily Ticker Aaron Task ‘Financial
markets tumbled this week amid disappointment the Fed didn't do more and
general disgust with the lack of action from European policymakers.
Which brings us to
another installment of Taken to Task.
For all the talk about
how traders love the free market and believe in the principles of unfettered
capitalism, the folks on Wall Street can't seem to get enough of government
bailouts.
After Ben Bernanke
pledged to spend $400 billion on Operation Twist this week, I heard many more
complaints about how the Fed didn't do ENOUGH vs. any chatter about how they've
gone too far, are out of bullets and pushing on a string. That's so
"first-half of 2011" before the stock market turned south, that is. (See: Fed
Action Fails To Boost Animal Spirits: "Marginally Helpful," Says
Former Fed Governor)
It seems the bold
champions of free markets on Wall Street only like laissez faire capitalism when the markets are RISING.
This weekend, traders
are hoping for some plan — ANY plan — to deal with Greece, whether it comes
from the ECB, the IMF, the World Bank, Poseidon or Zeus. But nobody seems to be
wishing to just let the chips fall where they may. Haircuts for
bondholders? Write-downs for banks? Egads! The pain must be avoided at all
costs! (See: Apocalypse
Now? Markets Tumble as Europe Approaches "Tipping Point")
Of course, a generation
of traders has been conditioned to believe the Fed — or some other institution
— will come riding to their rescue if things get really dicey, or even just a
little bit uncomfortable. So we can't blame them for taking on too much
unhedged risk and (not-so) secretly hoping for yet another bailout, can we?
Just like there are no
atheists in foxholes, the really are no libertarians on Wall Street. The only
ideology traders believe in is making money and if that means more government
intervention, bring it on! Someday, maybe, we'll get back to something
approaching a free market. But if such a thing ever really existed, it was a
long time ago in a galaxy far, far away.’
China
Slowdown Pushes Chinese Internet Stocks and VIEs Off a CliffWall St. Cheat Sheet
Moody's downgrades 8 Greek banks
ATHENS, Greece (AP)
European
and US Economies Teetering on Weak Policy, Leadership at Minyanville Kerr Sep 23, 2011
‘Keeping up with today's financial and economic news is akin to watching a
typical reality TV spot.’
Global economy pushed to the brink Sep 23rd, 2011 News (Financial Times) — Time is running out to find a solution to the eurozone crisis and prevent another global recession, finance ministers warned on Friday, as they hinted that discussions were under way to boost the firepower of European rescue funds.Financial markets experienced another day of intense volatility as investors struggled to interpret an emergency statement from the Group of 20 leading economies, which met on the sidelines of the International Monetary Fund and World Bank meetings in Washington.…Gold continued to slide sharply and US oil prices traded below $80 a barrel, their lowest in more than a year. Shares rallied modestly in Europe and the US, accompanied by selling in government bonds and the dollar.[ http://www.ft.com/intl/cms/s/0/9bedaa82-e603-11e0-960c-00144feabdc0.html#axzz1YUm6X1iD ]
CME
raises margins for gold, silver, copper Sep 23rd, 2011 News
(MarketWatch) — The CME Group CME +0.00% , the parent company of the New
York Mercantile Exchange, on Friday raised margin requirements for some gold,
silver and copper futures contracts. Margins are money investors must put up to
be able to trade and hold futures contracts. Initial requirements for gold’s
benchmark contract rose 21% to $11,475 per contract, from $9,450 and
maintenance margins climbed to $8,500 from $7,000 per contract. Initial
requirements for silver’s benchmark contract rose 16% to $24,975 per contract,
from $21,600 and maintenance margins climbed to $18,500 from $16,000 per
contract.[source]PG View: It is likely that
expectations of this margin hike factored into today’s sell-off.
Gold
Plunges More Than $100 as Investors Sell Sep 23rd, 2011 News (Bloomberg) — Gold fell, capping
the biggest two- day plunge since 1983, on investor sales following routs in
global equity and commodity markets.More than $3.4 trillion has been erased
from equity values this week, sending a global measure of shares into a bear
market, on concern that governments are running out of tools to avert a
recession. The Standard & Poor’s GSCI Index of 24 commodities fell to a
nine-month low today. Gold has dropped 15 percent since reaching a record
$1,923.70 an ounce on Sept. 6.“Gold has become the source of liquidity for
global margin calls,” said Michael A. Gayed, the chief investment strategist at
Pension Partners LLC. “Also, deflationary pressures are acting on gold.” PG View: We’ve seen very strong
physical buying interest on this retreat. Savvy investors know from experience
that deleveraging breaks provide buying opportunity. The dollar and bonds may
be up for now, but most realize that they aren’t the true safe-havens that they
once were, and such allocations are therefore unlikely to prove sticky.
Dow Sinks 6.4% for Week
Sep 23rd, 2011 News
(Wall Street Journal) — Fears of a possible Greek default and the U.S economy
dipping back into recession pushed the Dow Jones Industrial Average to its
worst weekly decline since the depths of the financial crisis.Stocks edged
slightly higher on Friday, as a pledge from global officials to maintain
financial stability alleviated some investor anxiety. The slim gains, however,
failed to overshadow the market’s poor weekly performance.The Dow edged up
37.65 points, or 0.4%, to 10771.48. But the index, which plunged 675 points on
Wednesday and Thursday, finished the week down 6.4%, its worst performance
since the week ended Oct. 10, 2008. [source]
G20 vows
support for the global economy Sep 23rd, 2011 News (Financial Times) — The Group of
20 leading economies pledged a “strong and co-ordinated” effort to stabilise
the global economy in an attempt to calm tumbling equities markets spooked by
fears of recession in the eurozone and a gloomy economic outlook in the
US.Bowing to pressure from investors to take action, finance ministers from the
G20 economies said in a communiqué issued late on Thursday that they would stop
the European debt crisis from deluging banks and financial markets, and take
the necessary steps to bolster the eurozone’s rescue fund and assist banks to
boost capital reserves in line with new global regulations. The statement
followed a day in which the equity markets suffered some of the biggest falls
since the collapse of Lehman Brothers in 2008, as investors rushed to safety in
a widespread sell-off.“We commit to take all necessary actions to preserve the
stability of banking systems and financial markets as required,” the group said
in a statement. “We will ensure that banks are adequately capitalised and have
sufficient access to funding to deal with current risks and that they fully
implement Basel III along the agreed timelines.”[source]
Dollar gains
driven by flight to safety Sep 23rd, 2011 News (Financial Times) — Risk aversion in equity and
commodities markets drove the dollar higher this week as hopes for economic
recovery were dealt another blow by the Federal Reserve’s latest assessment of
US growth.The dollar climbed across the board on Thursday as investors sought
safety and global equity markets tumbled with other risk assets, including
industrial metals and oil. The latest catalyst for investors to flee for cover
was the Fed’s statement on Wednesday that there were now “significant downside
risks to the economic outlook”.[source]PG View: Should more accurately say
“perceived” or “relative” safety.
Gold trades under
$1,700, loses 4% Sep 23rd, 2011 News
(MarketWatch) — Gold futures slid below $1,700 an ounce on Friday, losing more
than 4% as turmoil in global financial markets continued and investors rushed
to sell metals positions to raise cash. [source]
New
York Fed re-monetized $0.930 billion in Treasury coupons in today’s QE2.5
operation. Sep 23rd, 2011 News
Morning Snapshot Sep 23rd, 2011 News (USAGOLD) — Gold extended
sharply lower in overseas trading, pushing below the $1700 level for the first
time in 7-weeks, as the global asset rout continues. The dollar remains well
bid, trading near 7-month highs, bolstered by flight out of stocks and out of
the euro.The G20 vowed “strong and co-ordinated” support in their communiqué
late yesterday, saying “We commit to take all necessary actions to preserve the
stability of banking systems and financial markets as required.” However, the
absence of specifics did little to reassure markets. The market now looks to
weekend IMF and World Bank meetings for guidance.Meanwhile, Congress is
embroiled in yet another partisan battle, this time centered on a continuing
spending resolution. The Republican controlled House passed a spending bill
yesterday, but the Democrat controlled Senate has vowed to shoot it down.
Failure to pass a resolution could result in a government shut-down next week.
This is exactly the kind of behavior that promoted S&P to downgrade the US.
• France business
confidence falls to 99 in Sep, below market expectations, vs 105 in Aug;
production outlook tumbles to -29.
• Italy retail sales (sa) -0.1% m/m in Jul, below market expectations of +0.2%,
vs negative revised -0.3% in Jun; -2.4% y/y.’
Don't Call It (Much of) A Comeback at The Wall Street Journal John Shipman ‘US stocks rebounded in a vigorous rally that comes after the market’s worst week in almost three years.It would be disingenuous to suggest these gains were fueled by any real tangible progress on the European debt mess; multiple sharp spikes higher during the day suggest a combination of short covering, end-of-month portfolio window dressing and dead-dog bounce…’
Split opens
over Greek bail-out terms Sep 27th, 2011 15:37 News
(Financial Times) — A split has opened in the eurozone over the terms of
Greece’s second €109bn bail-out with as many as seven of the bloc’s 17 members
arguing for private creditors to swallow a bigger writedown on their Greek bond
holdings, according to senior European officials.The divisions have emerged
amid mounting concerns that Athens’ funding needs are much bigger than
estimated just two months ago. They threaten to unpick a painfully negotiated
deal reached with private sector bond holders in July.…Because of the recent
economic downturn and Greece’s slow implementation of austerity measures,
officials estimate Athens’ funding
needs over the next three years have grown beyond the €172bn forecast this
summer.[source]
PG View: Missed numbers out of Greece? Say it isn’t so. How
far beyond €172 bln are we talking here? Does any number they give have any
meaning? The funding needs when the last deal was cut back 0n 21-Jul where €109
bln, since then Greece’s needs have exploded about 60%…or more! No sane
investor would throw more money into this sinkhole of unknowns.
SHILLER:
House Prices Probably Won’t Hit Bottom For Years Sep 27th, 2011 News
(BusinessInsider) — The July numbers for the most widely followed measure of
house prices, the S&P/Case-Shiller Index, were released this morning.The
numbers weren’t terrible–on a seasonally adjusted basis, July was basically the
same as June–but one of the creators of the index, Professor Robert Shiller of
Yale University, isn’t taking much solace in them.The economy has deteriorated
significantly since July, Professor Shiller observes, and he suspects that the
housing market has followed suit.[source]
Roubini:
U.S. in Throes of Economic Contraction Sep 27th, 2011 News (Bloomberg) — Most advanced
economies are lapsing back into recession while the U.S. is already in the
throes of an economic contraction, according to Nouriel Roubini, co- founder
and chairman of Roubini Global Economics LLC.“The way I see the global economy,
I think we’re entering into a recession again in most advanced economies,”
Roubini said in a panel discussion today at the Bloomberg Dealmakers Summit in
New York. “I think we’re already into one in the U.S. based on the hard and
soft data — same with most of the euro zone, same with the United Kingdom.” [source]
Mark Hulbert, MarketWatch CHAPEL
HILL, N.C. (MarketWatch) [ Of course Mr. Hulbert is correct in pointing out the
folly of what’s causing the meltdown. Indeed, he might even borrow from the
homespun wisdom of the mama of that stellar investigatigative reporter,
formerly of SNL fame, Rosanne Rosanna Dana, who reminds us ‘ It’s always
somethin’ ‘ . Indeed, Rosanne; it is always somethin’… just not the somethin’
that the frauds on wall street et als say it is. The fact is the markets are
grossly over-valued courtesy of a myriad of fraudulent tools; from
computer-prgrammed high-frequency trade churn-and-earn scams, to ever more
worthless funny money, to blatant misrepresentation / fudged numbers, etc..
Will you be left holding their worthless bag of hot potatoes? Will you be their
fool … again … in this suckers’ market? ]
— ‘Greece ate my homework. Not only that, if you believe the financial
headlines, Greece is responsible for almost every financial ill that has beset
the investment arena over the last 18 months. I say it’s time the headline
writers came up with a new story to “explain” what’s happening to the stock
market.
Consider last week, for
example, when investors’ concern about a possible Greek default supposedly
caused the Dow Jones Industrial Average DJIA +1.33% to lose 738 points and the combined market
capitalizations of all publicly traded stocks in the U.S. to lose $865 billion.
How could Greece have been the cause of that, when Greece’s total sovereign
debt (counting both government debt and from the country’s monetary
authorities) amounts to $393 billion, according to the International Monetary
Fund? It doesn’t make sense, even if Greece’s debt were completely owed to U.S.
banks — which it most definitely is not.
Blaming Greece makes
even less sense when we focus on more than just the last week. Since the stock
market high this spring, for example, U.S. stocks have lost approximately $2.5
trillion in market cap. Once again, the prime suspect is concern over Europe’s
debt situation.
Yet the $2.5 trillion
loss is more than twice the total debt (from both the government and the
monetary authorities) of Greece, Spain and Portugal combined — the three PIIGS
countries considered to be most in danger of default.
Why, then, do so many
investment commentators persist in telling the story that Europe’s debt
situation is to blame? Because it’s a convenient and easy explanation to fall
back upon, especially in the face of a market that is otherwise acting so
inscrutably.
How many of us have the
guts to say that we don’t really know why the market went up or down? Rather
than admitting that, we instead tell stories — akin to Rudyard Kipling’s “Just
So” stories, such as the one about how the leopard got his spots.
Blaming Greece is only
the latest example of this. My perennial favorite is the oft-used explanation
that the market went up (or down) on a given day because there were more buyers
than sellers (or more sellers than buyers). This is just intellectual laziness,
of course: During any trading session there are always the same number of
buyers and sellers.
Investors need to let
Greece rest in peace. That country has enough problems of its own without being
asked to take responsibility for ours as well.’
Unthinkable
Poised to Happen on Wall Street. See Disturbing Charts. (Moneynews) ‘The Aftershock Survival Summit
is a gripping, no-nonsense presentation that’s quickly becoming a financial
beacon in an economic tsunami.
Featuring an exclusive interview with famed economist and best-selling author
Robert Wiedemer, this disturbing presentation exposes harsh economic truths
along with a dire financial warning — a prophetic message that’s spreading
across America like wildfire.
But it’s not just the grim predictions that are causing the sensation; rather,
it’s the comprehensive blueprint for economic survival that’s really commanding
global attention.
It offers realistic,
step-by-step solutions that the average hard-working American can easily
follow; millions have already heeded its warnings and are rapidly sharing the Aftershock Survival Summit
throughout the Internet. To see it for yourself, simply click
here.
The overwhelming amount of feedback to publicize the presentation, initially
screened for a private audience, came with consequences as various online
networks repeatedly shut it down and affiliates refused to house the content.
“People were sitting up and taking notice, and they begged us to make the Aftershock Survival Summit
public so they could easily share it,” said Newsmax Financial Publisher Aaron
DeHoog, “but unfortunately, it kept getting pulled.”
The controversy stems from direct allegations that the people in Washington
have failed miserably. They include former Federal Reserve Chairman Alan
Greenspan and current Federal Reserve Chairman Ben Bernanke, tasked with
preventing financial meltdowns and keeping the nation’s economy strong through
monetary and credit policies.
At one point, Wiedemer even calls out Ben Bernanke, saying that his “money from
heaven will be the path to hell.”
This wasn’t the first time Wiedemer’s predictions hit a nerve. In 2006, he and
his team of economists accurately predicted the four-bubble meltdown in the
housing, stock, private debt, and consumer spending markets that almost sunk
America.
Regardless of his warnings and survival advice, Bernanke and Greenspan were not
about to support Wiedemer publicly, nor were the mainstream media.
As the warnings went unheeded, and America suffered the consequences, Wiedemer
penned his latest prophetic work, “Aftershock: Protect Yourself and Profit in
the Next Global Financial Meltdown.”
Once again his contrarian views ruffled feathers and just before the book was
publicly released, the publisher yanked the final chapter, deeming it too
controversial for newsstand and online outlets such as Amazon.com.
Despite appearances, “Aftershock” is not a book with the singular intention of
scaring people, explains DeHoog. “The true value lies in the sound economic
survival guidance that people can act on immediately. I was able to read the
original version with the ‘unpublished chapter,’ and I think it’s the most
crucial in the entire book. After contacting Wiedemer, we [Newsmax] were
granted permission to share it with our readers. In fact, viewers of the Aftershock Survival Summit
are able to claim a free copy of it.”
In the Aftershock Survival Summit,
Wiedemer reveals what the publisher didn’t want you to see. Citing the
unthinkable, he provides disturbing evidence and financial charts forecasting
50% unemployment, a 90% stock market collapse, and 100% annual inflation.
“I doubted some of his predictions at first. But then Robert showed me the
charts that provided evidence for such disturbing claims,” DeHoog commented.
Editors Note: The Aftershock Survival Summit shows the exact same charts. See them for yourself. http://w3.newsmax.com/a/aftershockb/video.cfm?PROMO_CODE=CD97-1 … ‘
Read more: Aftershock Survival Summit Predicts the Unthinkable
Important: Can you afford to Retire? Shocking Poll Results
Prepare
for Lehman Brothers Part 2 MoneyShow.com
Sep 15, 2011 ‘Three years ago, Lehman collapsed. Now, a new Lehman-like
financial crisis is coming -- this time involving the debt of governments and
European banks.’
Arguments
for Being in the Crash Camp Conor Sen Sep
28, 2011 ‘This has been the sixth-most volatilite September since 1950. The
only years more volatile? 2002, 2001, 1974, 1998, and 2008, years which
included two major stock market bottoms (1974 and 2002), 9/11, Long Term
Capital Management,
and the fall of Lehman Brothers. Despite the crazy volatility, it is my
contention that nothing meaningful has really happened this month. As we know,
the reason for the volatility is primarily because of the ongoing sovereign
debt crisis in Europe. And as news events of today confirm, we remain no closer
to resolution here, even as stress indicators continue to deteriorate.
For example, while markets were surging today, German finance minster Wolfgang
Schaeuble was out saying basically the same things he's been saying all along,
that Germany is opposed to further bailouts or fiscal stimulus, and Europe's
periphery should resolve its problems via fiscal consolidation.
Later in the day, as the
Financial Times reported, problems were surfacing
regarding Greece's latest bailout package:
"A split has opened in the eurozone over the terms of Greece’s second
€109bn bail-out with as many as seven of the bloc’s 17 members arguing for
private creditors to swallow a bigger writedown on their Greek bond holdings,
according to senior European officials."
What We Know:
Short-Selling
Bans Extended, Stocks Fall Harder at
The Wall Street Journal
Now's Not the Time to Take on Equity Market Exposure at Minyanville Erik Swarts Sep 28, 2011 ‘This is obvious when you consider the respective pieces that need to come together to resolve the sovereign debt crisis, and apply technical analysis to the charts.
[video]Buying
on Rumor - Prepare For The Selling On NewsTheStreet.com TV
The Biggest Borrowers From Uncle Ben Bernanke at Forbes ‘It comes as little surprise that America’s biggest banks are among the heaviest borrowers from the Federal Reserve’s unprecedented liquidity facilities during the financial crisis that doled out more than $1.2 trillion. An analysis of thousands of documents by Bloomberg News shows just how big the outlays to some of the world’s largest financial firms really were, including the 20 that follow and saw their outstanding loans peak at more than $25 billion… { Read Full Story http://www.forbes.com/sites/steveschaefer/2011/08/23/morgan-stanley-leads-biggest-borrowers-from-uncle-ben-bernanke } ‘
THE GREATEST SHOW ON EARTH September 29, 2011 http://www.etfdigest.com
http://albertpeia.com/circuswallstreet.jpg
Yes, I’ve used this
image before but it befits the past two months of frenetic two-way trading.
Thursday markets moved sharply higher early on news of better Jobless Claims
and GDP data plus the positive vote from the German parliament regarding
funding their portion of the euro zone’s EFSF (European Financial Stability
Facility).
Algos jumped on the
headlines which is what they’re programmed to do. They don’t look under the
hood for details since given their momentary focus, “facts don’t matter”—not at
least right away.
A closer look inside
Jobless Claims data is the consistent revisions for higher previous claims.
This makes current reports generally seem better by comparison. Further, the
BLS states with this report the significant impact of “seasonal factors”
skewing the report. The figures used to adjust the data typically look for a
drop in un-adjusted claims heading into the end of a quarter. For last week
however, the seasonal adjustment factors predicted unadjusted claims would rise
0.4 percent per the Labor Department. Instead, unadjusted applications followed
the typical patterns at the end of quarters and plunged 8.2 percent, leading to
the even bigger drop in the adjusted data.
Below is an analysis of
the GDP report directly from the always reliable and probative Consumer
Metrics Institute.
The Bureau of Economic Analysis's
(BEA) third estimate of second quarter 2011 U.S. Gross Domestic Product (GDP)
was reported to be 1.34%, an upward adjustment from their previous data. The
new growth number was .36% higher than the number reported last month for the
same quarter. It is important to remember that this new monthly report covered
the same time periods as the previous reports -- meaning that this monthly set
of changes in the numbers was caused by late arriving data at the BEA and not
actual month to month improvements in the economy.
Among the items notable in the report:
-- Aggregate consumer expenditures for goods was still reported to be
contracting during the second quarter, dragging the overall growth rate of the
economy down by a -0.38% rate. This is actually marginally weaker than the
numbers in the earlier reports.
-- Consumer expenditures for services grew slightly during the quarter, at an
improved (although still very sluggish) 0.87% annualized growth rate. But the
adjustment in this single line item represented the bulk of the improvement in
the headline number.
-- The growth rate of private fixed investments was only slightly higher, at a
weak annualized 1.07% rate.
-- Inventories are still reported to have been drawn down during the quarter,
indicating that production has slowed faster than demand. The revised estimate
of inventory levels caused the overall growth rate to be reduced by a -0.28%
annualized rate.
-- Total expenditures by governments at all levels was still reported to be
shrinking, reducing overall economic activity at a -0.18% annualized rate.
-- Exports strengthened slightly relative to the earlier report, raising the
contribution that they made to the overall GDP growth rate to 0.48%.
-- Imports decreased somewhat when compared to the earlier report, and are now
reported to be removing -0.24% from the growth rate of the overall economy. The
combination of the revisions in the import and export numbers contributed about
half of the upward changes in the published headline number.
-- The growth rate of "real final sales of domestic product" was
revised upward to an annualized 1.62%, as the result of the now higher consumer
services figures, slightly improved foreign trade and the increased draw-down
of inventories.
-- Working backwards from the data tables, the effective "deflater"
used by the BEA to offset the impact of inflation was 2.58% -- still
substantially below the rates reported by their sister agencies. Substituting
the line-item appropriate (CPI or PPI) current inflation rate published by the
Bureau of Labor Statistics (BLS) causes the "real" GDP to be contracting
at a -0.73% annualized rate.
-- And using the same alternate BLS "deflaters" the real per-capita GDP can be shown to be
contracting at a -1.45% annualized rate. Similarly, per-capita disposable
income was contracting at a -0.92% annualized rate. These per-capita numbers
are what impacts individual Americans and it is the real source of the
frustration within the populace.
Not featured by the
financial media beyond Bloomberg is Thursday’s report and graph on their
Consumer Comfort Survey which shows this index as back to 2008-09 levels. This
is hardly encouraging.
http://albertpeia.com/comfort.jpg
Fed Governor Lockhart
finds current jobless conditions “perplexing and vexing” according to this Bloomberg
story. So if I have my synonyms and meanings right he’s “embarrassed and
pissed-off” which kind of disqualifies him from such a position.
Meanwhile back at Wall
& Broad stocks as measured by the DJIA raced higher early by 260 points
only to fall later by 45 points and then rally in “stick save” fashion to close
143 points higher. This really is the “Greatest Show on Earth”! The NASDAQ was
lower by .43% led by semiconductor sectors (SMH) especially after a poor
outlook from Advanced Micro Devices (AMD), down nearly 14%. Also there is still
some lingering confusion over iPads from Apple (AAPL) versus Fire from Amazon
(AMZN). Financials were higher which helped much of the bigger names rally
although the rationale was difficult to determine.
Commodities, including
precious and base metals, oil and grains were higher overall. The dollar was
down slightly and bonds were stronger.
Volume was modest most of
the day until the large “stick save” was put in place to end the session.
Breadth per the WSJ was positive once again as quarter-end window dressing is
in full swing.
http://albertpeia.com/929-1.jpg
Major U.S. Markets (5)
U.S. Market Sectors & ETFs (20)
Bonds (4)
Commodity & Currency ETFs (16)
International & Emerging Market ETFs
(14)
$NYMO (1)
$NYSI (1)
$VIX (1)
The craziness continues
for the clown act doing business as the Greatest Show on Earth. It’s no wonder
so many individual investors have fled markets. Between phony data and window
dressing it’s hard to stick with the long-term program. Three bear markets in
11 years would be enough to turn anyone off. Now we’re not in a bear market yet
but we’re frightfully close.
Friday brings the not so
reliable U of Michigan Consumer Sentiment, Personal Income and Spending and the
important Chicago PMI. Friday also will allow for more end-of-quarter window
dressing.’
[video]
Trader: I'd Sell Into This Rally at
TheStreet.com
CEOs have the Blues About Business Prospects Wall St. Cheat Sheet
NO COUNTRY FOR OLD MEN Dave’s Daily http://www.etfdigest.com September 30, 2011 ‘It’s probably not a “market” for men or women of any age at this point. Warren Buffett has put himself out there recently buying stock in Bank of America (BAC) and then suggesting Friday it might take 3-5 years for the company to clean things up. He also stated he’s received inquiries from European banks for a financial injection which isn’t a good sign. He’s also been highly visible averaging down buying shares in his own Berkshire Hathaway (BRK/A) with $5 billion in purchases already this quarter. He says he likes the president’s jobs bill although admitted to not knowing its details which is poor due diligence. He’s also unsure of just what Obama’s “Buffett Rule” means as it applies to incomes over $250K deflecting the level by talking about people making $50M or more. All this struck me as interesting and odd … So for stocks overall this is the worst performing quarter since 2008 when we were entering a bear market. Are we due for a repeat or is this just a continuation of the previous bear market? It gives us a sense of a 1930s like market which featured substantial bear market rallies. For the quarter the DJIA was down 12%, S&P 500 down 14.3% and Nasdaq Composite down 12.9%. European stocks in aggregate lost 17% …’
How to Navigate a News-Paralyzed Market Simon Maierhofer, September 30, 2011, ‘… Here's my psychoanalysis of the market, which I believe is more accurate than my medical opinion. The market has one goal, one reason for 'living.' It's to separate as many people as possible from their money. He doesn't always win, but over the decades he's found the most effective ways to separate most from as much money as possible. He's got a tackle box full of baits and lures to bait and switch unassuming investors. The market is smarter than the collective of all investors and analysts because it knows at any given time what the collective 'Wall Street wisdom' thinks and does. If the market sees Wall Street is bullish, it will go down and vice versa. The market will not be told by the media what to do and laughs at assessments like the following from the media (taken from this week):
AP on Monday: 'Stocks
jump on hopes for a Europe fix'
Reuters on Tuesday:
'Stocks pop on Europe hope'
AP on Wednesday: 'Stocks
are closing lower, ending a three-day winning streak, as investors worry about
Europe.'
Bloomberg on Thursday:
'Stocks advance on jobless claims' (since when does the market care about jobs
anymore. Wasn't there any Greece news?) …’
Apple
in a Dangerous Position; Bears Are Watching at Minyanville
90% of
Americans say economy stinks
Protect your investments, what to look for next week. Forbes ‘ Right now is not the time to worry about knocking the ball out of the park. Let’s focus on preserving your assets. Today was end of the quarter and it was not pretty. For the quarter end we were down about -14.31% on the S&P 500. As for September, the S&P was down -7.21%, closing at 1131, down 5 points from were we closed Firday the 19th. The week was extremely volatile; it has gotten to the point where Main Street does not feel safe in a long term asset allocation strategy…’
Don't Let Taxes Stop You From Selling Stocks at Forbes
Defensive
Sectors Shine During Meltdown As Kodak Fades To Black at Forbes …’
4
Market Signs Signaling Recession
Cyclical
Sector ETFs Say It's the Economy, Stupidat The Wall Street Journal
Japan
Puts Cheapest Ever as Traders See Banking Lossesat Bloomberg
US incomes
fall for first time in nearly 2 years
Moody’s Lowers U.S. Lodging
Industry Outlook as Economy Slows
Yield Spread Confirming Recession Call http://www.zerohedge.com/news/guest-post-yield-spread-confirming-recession-call Lance Roberts of StreetTalk Advisors
Yield Spread
Confirming Recession Call
Recession.
It is now becoming clearer, even to the mainstream media, that the "Big
'R'" is rapidly
approaching, or already upon us. Without further stimulus from the
government the economy will continue its slide into negative growth.
Unfortunately, it doesn't look like the "Calvary" will be charging to the rescue anytime
soon. Bernanke, at this point has effectively punted to the
Whitehouse for stimulative action. The Whitehouse is embroiled in
partisan politics which will keep any action from occurring until most likely
after the next election. This leaves the economy and the financial
markets to their own devices, and much like kids without parental supervision,
they are running amok.
I have been very vocal
as of late
commenting on the fact that a recession is fast approaching.
The trends of the economic numbers have all soured to the negative.
From manufacturing to personal incomes to sentiment they all are signaling a
recession lay ahead. Another confirming indicator of a recessionary
track is the spread in yields between junk bonds and high quality bonds.
The chart here shows two different yield spreads. The blue
represents the difference in yields between AAA rated corporate bonds to BB
rated bonds while the red represents the spread between 10-yr government
treasuries to BB rated bonds. The dotted horizontal lines represent
when these spreads have signaled recessions in the economy.
When the economy is
strong the spread between BB (Junk Bonds) and AAA Bonds or Government
treasuries is much lower as the perceived risk of default on payment is
lower. In times of economic stress or recession the perceived
risk of default or failure is much greater. Currently, spreads at
these levels are very indicative of economic stress and recessions. The
perceived risk of corporate failure is rising and spreads are widening as money
leaves high risk bonds (driving interest rates higher) and moves to safer
yielding bonds (keeping rates lower). The wider the spread the
harder it is for weak companies to access capital and corporate failures
rise.
On Friday, Lakshman
Achuthan of the Economic Cycle Research Institute reviewed the weight of ECRI's
research, observing "Now it's a done deal. We are going
into a recession."
The spread in yields
combined with our own research as well as that of the ECRI, which is a very
conservative organization with calls generally way ahead of the consensus as we
have repeatedly been, confirms that our views are most likely the correct one.
While the media tends to
view the economy from one report to the next what is important is to understand
the trend and the balance of the data on the whole. Understanding the
trend and balance will make you very unpopular with the rest of the world that
consistently ops for the "glass half full" view but will keep you from losing a lot of
money in the long run.
John Hussman summed this
view up well; "In contrast, good economists think about the economy as a
system - where multiple sectors interact. We tend to use words like
'equilibrium' and 'syndrome' when we talk about economic data - emphasizing
that the best signals involve a whole conformation of evidence, not one or two
indicators, where the data - in combination - captures a particular signature
of recession or recovery.
Look at how Achuthan described the situation on CNBC on Friday,
and you'll see a good example of this sort of thinking:
'This is a done deal. We are going into a recession. We've been
very objective about getting to this point, but last week we announced to our
clients that we're slipping into a recession. This is the first time I'm saying
it publicly. A broad range - this is not based on any one indicator - this is
based on dozens of indicators for the United States - there is a contagion
among those forward looking indicators that we only see at the onset of a
business cycle recession.. These leading indicators, which are objective.. they
have a certain pattern that they present in front of a recession, and that is
in, that is in right now.'
'A recession is a process, and I think a lot of people don't
understand that; they're looking for two negative quarters of GDP. But it is a
process where sales disappoint, so production falls, employment falls, income
falls, and then sales fall. That vicious circle has started. You're looking at
the forward drivers of that, which are different indicators - there's not one -
everything's imperfect. The Weekly Leading Index .. that is saying
unequivocally, this is recession. Long Leading Index, which has a longer lead,
is saying recession. Service sector indicators, non-financial services where 5
out of 8 Americans work, plunging. Manufacturing, going into contraction.
Exports, collapsing. This is a deadly combination, we are not going to escape
this, and it is a new recession.'
For investors, if you believe that current analyst estimates of
forward operating earnings are correct, and you believe that the inappropriate
bubble-era benchmarks for price-to-forward operating earnings are actually
valid, and you've ignored all evidence that the Fed Model is spectacularly
devoid of validity, and you believe that the only course for valuations is to
move toward those misguided benchmarks regardless of what happens to Europe or
the U.S. economy, then it's easy to believe that stocks will head higher. For our
part, we believe none of those things..."
We agree with John on
this point. These are points that we have written extensively
on in the past. In a low growth economic environment the
persistent call for high growth rates in stock prices is dumbfounding.
History tells us that the corporate earnings, and ultimately capital
appreciation, cannot grow faster than the economy for long. Corporate
earnings, and ultimately the prices paid for those earnings, are a reflection
of the economy and not vice versa.
There is one final key
point to all of this as it relates to the yield spread. Investors
face not only an oncoming recession here but also a probable sovereign default
and recession in Europe. The compounding of these factors translates into
heightened credit risk here in the U.S. (as noted by credit spreads
jumping higher recently) and corporations do not borrow at the 10-year
treasury rate. They borrow from the bond market and the rising costs of
borrowing due to rising credit risk impacts corporate profitability.
Expectations for earnings growth going into 2012 is still extremely high with
current estimates sitting at an all-time record for the S&P 500 index next
year. The reality of that occurring is almost nil. In
turn, this means that prices will have to be adjusted for the reality of a
recessionary economy which is why the average decline of stocks during a
recession is about 33%.
John Hussman summed our
current stance up very well: "Still, as
always, we're data-driven, and there are possible combinations of evidence (not
in hand at the moment) that could move us to a modestly or moderately constructive
investment stance even in the context of broader economic risks. My impression
continues to be that the best hope for a sustained advance (early on, probably
only several weeks or a few months in duration) is from substantially lower
levels, but we'll take our evidence as it comes. Suffice it to say that we
remain defensive here, but are quite willing to shift our investment stance if
the evidence supports that." Well said.’
Hold Your Enthusiasm ... This Is Still A Bear Market Rally http://www.bullfax.com/?q=node-hold-your-enthusiasm-still-bear-market-rally, 10/06/2011 By StopAlerts:We have had three nice rally days, and call volume instead of put volume is dominant, but this is still a bear market rally, in our view. If you are buying specific stocks for specific long-term reasons, that is one thing, but if you are buying indexes it may be best to wait for more of a confirming price movement …’
Is
a Recession Coming Next Year? –
Zacks ‘ While the current
economic data is not indicating we are back in recession, I find myself leaning
more and more into the "recession in 2012" camp.’ [ This link is
provided for the plethora of data / charts but misses the bigger picture of
current data in the context of the fraudulent scam dollar debasement strategy
of the fed and the inflationary impact of same so cheered by the frauds on wall
street for the illusory effect of same. ]
[video]
Caution Flag On The Rally
TheStreet.com Ken Polcari of ICAP Equity warns investors to be
careful with this rally, lows could be retested. 10/06/11
“The Prevailing Debate Among Economists and Historians is
Whether the World Economy Faces the ‘Great’ Depression of the 1930s or the
‘Long’ Depression of the 1870s” Washington’s Blog | Economists Agree: We’re
In a Depression. Fitch cuts
Italy, Spain ratings; outlook negative , Wall
Street vs Reality: A Hopeless Tug-of-War?
http://symmetrycapital.net/index.php/blog/2011/10/wall-street-vs-reality-a-hopeless-tug-of-war Are Wall Street strategists living in a
bubble? [ The short answer is, ‘YES’! The long answer is your work is quite
(closer to) correct (and worse when dollar debasement is factored in).] According to our work, credit
market, demographic, and leading economic indicators are all
pointing to a level of between 800 and 1,000 for the S&P 500 between now
and 2012-2013. http://www.stansberryresearch.com/pro/1108PSI9MOVD/PPSIMA06/PR
Wall
Street vs Reality: A Hopeless Tug-of-War?
http://symmetrycapital.net/index.php/blog/2011/10/wall-street-vs-reality-a-hopeless-tug-of-war Are Wall Street strategists living in a
bubble? [ The short answer is, ‘YES’! The long answer is your work is quite
(closer to) correct (and worse when dollar debasement is factored in).] According to our work, credit
market, demographic, and leading economic indicators are all
pointing to a level of between 800 and 1,000 for the S&P 500 between now
and 2012-2013…’
Paulson's
Big Fund Down 47%; Sept. Proves Dicey For Hedgiesat Barrons.com
‘Things are getting
truly desperate in Europe. I’d like to show just how bad they are by way of
example: the Belgian bank Dexia, which is now in the process of being
nationalized.
For starters, Dexia had
566 billion euros in debt and 19 billion euros in equity as of the end of 2010.
Right off the bat, that’s a leverage
ratio of 29 to 1. Lehman Brothers was leveraged at 30 to 1 when it collapsed.
Now consider that
Belgium’s entire GDP is just 348 billion euros. Dexia has 566 billion euros in assets. Of this 352
billion are loans. Put another way,
Dexia’s loan portfolio alone is larger than its home country’s entire economy.
AND THIS BANK PASSED THE
STRESS TESTS.
Suffice to say, Europe’s
banking system is in far FAR worse shape than anyone over there is admitting.
The stress tests were complete and total fiction. And the market is starting to
figure this out.
http://www.zerohedge.com/sites/default/files/images/user20289/imageroot/2011/09/sc-2_1.png
Small wonder then that
had both the IMF and the Bank of England have recently warned that the world is
facing a “financial meltdown” and “the worst financial crisis in history.”
Ben Bernanke issued his
own statement of doom last week as well, stating that his precious recovery is
“close to faltering.” For a guy who’s spent TRILLIONS trying to create a
recovery to admit things aren’t working out ought to give you an idea of just
how bad things will be getting in the near future.
Indeed, stocks were
rejected last at a descending trendline from the July top.
We should have at least gotten a bounce to the 38.2% retracement
(1,200 on the S&P 500). So if the market fails to get there and simply
rolls over here, then we’re going DOWN in a big way FAST.
http://www.zerohedge.com/sites/default/files/images/user20289/imageroot/2011/09/sc-1_5.png
Here is the reality of
the financial system today:
§ The European
banking system is facing systemic collapse.
§ The US economy
has rolled over and is in a confirmed double dip in the context of a larger
DE-pression.
§ The Central
Banks and regulators have admitted we are peering into the abyss and they have
no clue what to do.
Yes, I believe
that before this mess ends, the financial system as a whole will have
collapsed. What's coming is going to make 2008 look like a joke.
If you have yet to
prepare yourself for what’s coming, now is the time to do so. Whether it’s by
moving to cash and bullion, opening some shorts, or simply getting out of the
markets altogether, now is the time to be preparing for what’s coming
(remember, stocks took six months to bottom after Lehman… and that was when the
Fed still had some bullets left to combat the collapse).
And if you’re looking
for specific ideas to profit from this mess, mr Surviving a
Crisis Four Times Worse Than 2008 report can show you how to turn the unfolding disaster into a time of
gains and profits for any investor.
Within its nine pages I
explain precisely how the Second Round of the Crisis will unfold, where it will
hit hardest, and the best means of profiting from it (the very investments my
clients used to make triple digit returns in 2008).
Best of all, this report
is 100% FREE. To pick up your copy today simply go to: http://www.gainspainscapital.com
and click on the OUR FREE REPORTS tab.
Good Investing!
Graham Summers
PS. We also feature four
other reports ALL devoted to helping you protect yourself, your portfolio, and
your loved ones from the Second Round of the Great Crisis. Whether it’s my
proprietary Crash Indicator which has caught every crash in the last 25 years
or the best most profitable strategy for individual investors looking to profit
from the upcoming US Debt Default, my reports covers it.’
FINANCIAL CRISIS
"ROUND TWO" SURVIVAL GUIDE THIS
BEAR MARKET IS NOWHERE NEAR OVER. Since its March 10 low of 666 in 2009, the
S&P 500 rally has been almost unstoppable. Pundits and media commentators
alike have taken this to mean that the bear market is over and that stocks
should once again be the primary asset class for investors. None of them knows
what they’re talking about. Over the last 30 years, the US has built up record
debts on a personal, state, and national level. Consumers thought they were
financially stable so long as they could cover the interest payments on their
credit cards, states created program after program few if any of which they
could afford, and the Federal Government issued $30-50 trillion in debt and
liabilities (counting Social Security and Medicare). This all came to a
screeching halt when the housing bubble (arguably the biggest debt bubble in
history) imploded in 2007. Since that time, stocks have staged one of their
worst years on record (2008), one in five us mortgages has fallen underwater
(meaning the mortgage loan is worth more than the home itself), and some
trillions in US household wealth has evaporated. These issues seem to be
distinct, but in reality they all stem from a debt problem. And as you know,
there is only one legitimate way to deal with a debt problem: Pay it off.
However, instead of doing this, the Feds (the Federal Reserve, Treasury Dept,
etc.) have been producing EVEN MORE DEBT. Here’s a brief recap of their moves
thus far: • The Federal Reserve cuts interest rates from 5.25‐0.25% (Sept ’07 today) • The Bear Stearns
deal/ Fed buys $30 billion in junk mortgages (March ’08) • The Fed opens
various lending windows to investment banks (March ’08) • The SEC proposes
banning shortselling on financial stocks (July ’08) • The Treasury buys
Fannie/Freddie for $400 billion (Sept ’08) • The Fed takes over AIG for $85
billion (Sept ’08) • The Fed doles out $25 billion for the auto makers (Sept
’08) • The Feds’ $700 billion Troubled Assets Relief Program (TARP) (Oct ’08)
• The Fed buys commercial paper (nonbank
debt) from nonfinancials (Oct ’08) • The Fed offers $540 billion to backstop
money market funds (Oct ’08) • The Feds backstops up to $280 billion of
Citigroup’s liabilities (Oct ’08). • Another $40 billion to AIG (Nov ’08) • The
Fed backstops up $140 billion of Bank of America’s liabilities (Jan ’09) •
Obama’s $787 Billion Stimulus (Jan ’09) • The Fed’s $300 billion Quantitative
Easing Program (Mar ’09) • The Fed buying $1.25 trillion in agency mortgage
backed securities (Mar ’09 ’10) • The Fed buying $200 billion in agency debt
(Mar ’09’10) • Cash for Clunkers I & II (JulyAugust ’09) And that’s a BRIEF
recap (I’m sure I left something out). In a nutshell, The Feds have tried to
combat a debt problem by ISSUING MORE DEBT. They’re pumping trillions of
dollars into the financial system, trying to prop Wall Street and the stock
market. They’ve managed to kick off a rally in stocks… But they HAVE NOT
ADDRESSED THE FUNDAMENTAL ISSUES PLAGUING THE FINANCIAL MARKET. Stocks are
headed for another Crash, possibly as bad as the one we saw in October November
2008. As you know, that Crash wiped out $11 trillion in household wealth in a
matter of weeks. There’s no telling the damage this Second Round will cause.
The Feds have thrown everything they’ve got (including the kitchen sink) at the
financial crisis… and things are fundamentally no better than they were before:
most major banks are insolvent, one in five US mortgages is underwater, and the
stock market is being largely propped up by in‐house trading from a few key players
(Goldman Sachs, UBS, etc). Make no mistake, we are rapidly headed for ugly
times in the financial markets. The time to prepare yourself is NOW! And I’ve
located several investments that will not only protect your portfolio… they’ll
also help you turn a profit when this “house of cards” we call a market rally
comes crashing down. I’ve detailed all of them in this report, The Financial
Crisis “Round Two” Survival
Guide.
Two Ways Stocks Pay: Inflation and
Dividends Before we get into the specific investment suggestions, it’s
important to take a big picture of stocks as an asset class. The common
consensus is that stocks return an average of 6% a year (at least going back to
1900).
However, a study by the London Business
School recently revealed that when you
remove dividends, stocks’ gains drop to a
mere 1.7% a year (even lower than
the return from longterm
Treasury bonds over the same period). Put
another way, dividends account for 70% of the average US stock returns since 1900.
When you remove dividends, stocks actually offer LESS reward and MORE risk than
bonds. If you’d invested $1 in stocks in 1900, you’d have made $582 with
reinvested dividends adjusted for inflation vs. a mere $6 from price
appreciation. So as much as the CNBC crowd (and out serial bubble blowing Fed
Chairman Ben Bernanke) would like to believe that the way to make money in
stocks is buying low and selling high, the reality is that the vast majority of
gains from stocks stem from dividends. The remaining gains have come largely
from inflation. Bill King, Chief Market Strategist M. Ramsey King Securities
recently published the following chart comparing REAL GDP (light blue), GDP
when you account for inflation (dark blue), and the Dow Jones’ performance (black)
over the last 30 years. What follows is a clear picture that since the mid-70s
MOST of the perceived stock gains have come from inflation.
Which brings us to today. According to
official data, the S&P 500 is currently trading at a Price to Earnings (P/E)
ratio of 20 and yields 1.7%. In plain terms, stocks are expensive (historic
average for P/E is 15) and paying little. In other words, there is little
incentive, other than future inflation expectations, for owning stocks right
now.
With this in mind, now is the time to be
pruning your “long” holdings. We’ve had a spectacular run in stocks since the
March 2009 low and the likelihood of this continuing much longer is relatively
slim. Running Out of Buyers By most historic metrics, the market is showing signs
of a significant top. Here are just a few key metrics: 1) Investor sentiment is
back to super bullish autumn 2007 levels. 2) Insider selling to buying ratios
are back to autumn 2007 levels (insiders are selling the farm). 3) Money market
fund assets are at 2007 levels (indicating that investors have gone “all in”
with stocks). 4) Mutual fund cash levels are at a historic low. This final
point is key. Mutual funds are the “big boys” of the investment world. If they
have become fully invested in the market, this means there are few buyers left
to push stocks higher. This is evident in the fact that every time mutual fund
cash levels dropped, stocks collapsed soon after (see chart below).
http://home.comcast.net/~RoyAshworth/Mutual_Fund_Cash_Levels/Mutual_Fund_Cash_Levels.htm
In plain terms, the odds are high that a
Top is forming in stocks. With that in mind, if your portfolio is heavily
invested in stocks, now is a time to be taking some profits. If you can,
consider moving a sizable chunk into cash. The market is extremely tired and
the systemic risks underlying the Financial Crisis are in no way resolved. With
investor complacency (as measured by the VIX) back to pre‐Crash levels, the Fed withdrawing several
of its more significant market props, and low participation coming from the
larger institutions, this market is ripe for a serious correction. I’m not
saying this will immediately happen. But at some point there will be a new
round to the Financial Crisis. When that happens, we WILL have another Crash.
Indeed, it is quite possible that stocks are making a VERY significant top, so
being heavily invested in stocks going forward doesn’t make much sense. Take
some money off the table. If you need a place to put it, I suggest physical
cash or Gold/ Silver bullion. If You MUST Stay Long, Shift to Quality If you DO
have to stay invested in stocks, now is the time to be shifting out of junk
into quality. The market rally from March 2009 has largely been lead by junk
companies (financials, retailers, etc). Meanwhile, quality has lagged
dramatically. As an example, let’s compare the performance of Coke (KO) to Bank
of America (BAC). KO is one of the best, most profitable brands in the world.
The competitive moat around this business is extraordinary and it remains one
of the most easily recognized franchises on the planet. You can drink six
glasses of Coke a day and still enjoy it the next day. That quality is almost
nowhere to be found in any other food/ beverage on the planet: even chocolate
would get old after six bars a day. BAC on the other hand has swallowed
Countrywide Financial AND Merrill Lynch’s garbage assets. It is effectively
insolvent based on its derivative exposure alone (the company has derivatives
equal to 3,000% of assets). BAC’s balance sheet is like an open sewer and
without serious government intervention the company would not even exist right
now. And yet, BAC’s stock has risen nearly 200% since the March ‘09 lows… while
KO is up less than 50%.
This relationship works to the downside
as well. What I mean is that when stocks come unhinged, Quality (Coke) then
outperforms Garbage (Bank of America) hands down.
So, if you HAVE to remain invested in
stocks to the long side for whatever reason, now is the time to be moving into
high quality companies. This means finding companies with low debt, lots of
cash, strong results (KO actually GREW revenues in 2008), and significant
competitive advantages. Also, and this is critical, look for companies with
strong balance sheets: companies that will still EXIST if there’s another
Crisis. Depression or no, people will still drink soda, alcohol, smoke
cigarettes, and need medicine. I’ve compiled a list of companies you should
consider if you need to remain involved in stocks going forward: Company Symbol
Sector Price/ Cash
Flow
Dividend
Yield Coke KO Soft Drinks 15 3.2%
Budweiser BUD Alcohol 14 N/A J&J JNJ
Medicine 10 3.02% WalMart WMT General Retail 8 2.16% Exxon Mobil XOM Oil 11
2.51% You’ll note that most of these companies pay decent dividends (compared
to the S&P 500’s 1.7%). This is critical going forward. With stocks
overvalued, you want to make sure you’re at least getting paid for remaining
involved in the market. However, there is an added bonus to owning Quality
stocks right now. Because this market rally has largely been dominated by
Garbage stocks, Quality companies like Coke have not yet risen to extreme
valuations. Thus, you can still buy them at relatively cheap levels (less than
15 times cash flow). So, in a sense, they are a good investment based on
pricing as well. I want to stress that these investments are only if you HAVE
to stay in stocks for some reason. If there is another collapse these companies
will fall like everything else. However, they will likely fall less than the
rest of the market (see the chart comparing Coke and the S&P 500 below).
source: Yahoo Finance So while I do not
expect these positions to make a lot of money now (these are not short-term
trades), they should shelter you from losing too much money should another
Crash hit. Indeed, if the market DOES collapse and these companies fall 10- 15%
across the board (while the market falls 30%+) I would consider these
investments even MORE attractive than they are today. Let me explain.
Volatility can either hurt you or be your friend. Most people would sell a
position if it fell 20-30%. This is wise if you’re investing based on momentum.
However, if
you’re investing based on value, then
doing this is completely antithetical to attaining high returns. Consider Coke.
Let’s say tomorrow Coke collapsed from $55 to $25 per share. Most investors
would panic and sell. I, on the other hand, would be buying greedily. Why?
Because Coke’s business has a fundamental value. Even during a Financial Crisis
and Depression, people will continue to drink soda. So the opportunity to buy
Coke at $25 a share (which would be 7-8 times cash flow) would be truly an
extraordinary opportunity. Indeed, from an income perspective alone, the
opportunity here would be fantastic. Consider that in 2009, Coke paid out $1.76
in dividends. With shares at $55, this means a dividend yield of 3.2% (roughly
three times what you’d get by leaving your money in a savings account). However,
if Coke shares fell to $25, that $1.76 suddenly becomes a 7% yield
($1.75/ $25.00). That’s a heck of a
return from an income perspective. Even if
globally the world entered a sharp
Depression and Coke’s income fell by 30%,
pulling its payouts down to $1.23, you’re
still looking at a 5% yield. Indeed, companies like Coke offer the potential of
REAL value should their share prices drop. Their fundamentals almost ALWAYS
outperform investor sentiment. What I mean by this is that should there be
another Collapse, Coke’s share price will almost certainly fall MORE from its
current levels than Coke’s cash payouts or income will from theirs. During
2008, Coke shares fell 30% or so. However, Coke actually INCREASED its dividend
that year. Anyone who bought Coke in October 2008, now collects a 4% yield on
their shares (four times what he or she would get from a bank account). This is
why companies like Coke remain so strong during times of Crisis. With the FDIC
broke and most US banks insolvent, investors desperately need a place to park
cash that will still EXIST in a few years. Companies like Coke are a reasonable
alternative to a savings account in the sense that you’re paid a higher yield
for your deposit (now 3%, but 5% or higher if Coke shares plunge). Of course, because
Coke is a stock, you can lose 1015%
or more if shares drop and you sell. In a
Crisis, plain old cash will outperform just about anything.
This is why I’ve suggested moving money
to cash, if you can. It’s also why I
suggested buying Coke and the other
companies listed above only IF you HAVE
to be in stocks right now.
Catastrophe Insurance: Trades For When
the Collapse Hits
Now is also the time to be taking out
some “Catastrophe Insurance” by compiling a list of trades to make once stocks
begin to collapse. Let me be clear, these are not
trades that you’ll make right now… these
are trades you’ll make WHEN stocks
collapse.
Personally, I favor UltraShort ETFs. If
you’re unfamiliar with UltraShort ETFs, these are invetsments that return 2X
the inverse of a particular ETF. Let’s take an example, the UltraShort
Financials ETF (SKF). SKF returns 2X the inverse of the Financials ETF (IYF).
So if IYF falls 5%, SKF rises 10%. If IYF falls 10%, SKF rises 20%. In this
sense, SKF is a great “hedge” or means of playing Financial stocks to the
downside. However, there’s an added bonus to UltraShort ETFs like SKF: these
investments ALSO trade based on demand from the marketplace. So if stocks
collapse say 30%, you might actually see gains GREATER than 60% (2X the inverse)
due to investors piling in as they seek to profit from the collapse. Consider
SKF’s performance in 2008, for example. In 2008, financial stocks (as measured
by the Financials ETF: IYF), fell roughly 50%.
However, if you’d bought SKF once the
Crisis really took hold (late September), you could have made MORE than 100% in
two month’s time:
This is what makes the UltraShort ETFs so
handy when a Crisis hits: because they truly skyrocket as investors stampede
like elephants into safety. However, I MUST STRESS that these are not
investments to “buy and hold”.
Instead, these are shortterm
trades you should make ONLY once stocks
have
begun to truly collapse. Simply add them
to your “on deck” trades to make
once the next Crisis hits. You’re
probably asking yourself, “how can I distinguish between an ordinary
correction and a REAL Crisis?” Let’s see what history shows us. If you
recall from 2008, stocks didn’t go straight down. Instead they dropped,
bounced, and then began the serious collapse. Looking back at that time, the 50
DMA served as a useful metric for gauging that a serious decline was about to
begin:
As you can see stocks rolled over and
broke below their 50DMA in late 2007. After that, the 50DMA acted as strong
resistance. Indeed, there was only one bounce above this level, which lasted
roughly a month and a half. The real trouble began in the summer of 2008, and
investors were given a decent warning when the S&P 500 collapsed and then
bounced to test the 50‐DMA and failed to break it.
Similar warnings appeared before the 1987
Crash:
The Tech Bubble:
And the 2008 Crash:
Thus, this tells us that the 50DMA is a
strong metric for gauging when real trouble hits stocks again. On that note,
the trigger you should be looking for in terms of
when the next Crash will hit will be a
decisive break BELOW the 50DMA
followed by a strong bounce that FAILS to
break above it again. With that in mind, here are some trades to put “on deck”
for when the next round of the Crisis hits. Trade #1: Short the Russell 2000
The Russell 2000 is perhaps the junkiest
index in the US. Many of the companies that
comprise this index don’t even MAKE money
and most likely should have never been
taken public in the first place. This is
the “risk” index, the index of companies that are
garbage. For that reason, the Russell
2000 will collapse most when stocks truly begin
rolling over.
The below chart compares the Russell
2000’s performance against that of the Dow Jones
Industrial Average during the 2008 Crash.
As you can see, the Russell dropped
significantly more:
For this reason, I suggest buying the
UltraShort Russell 2000 ETF (TWM) when the
market begins its next real collapse.
The UltraShort Russell 2000 ETF (TWM)
returns 2X the inverse of the Russell 2000.
So if the Russell 2000 falls 5%, TWM
returns 10%. If the Russell 2000 falls 10%, TWM
returns 20%. It’s a terrific means of
playing the collapse in small cap stocks.
Again, wait for stocks to enter a free
fall before opening this trade.
Trade #2: Short Financials
By now you know that the current Crisis
has centered on the financial sector, specifically
the banks. The Protect Your Savings report
details the issues extensively. However, as
further proof, the below chart shows that
US banks are about to get slammed with another
round of mortgage defaults from the
residential housing sector (I’m not even going to
bother including the commercial real
estate market which is a multi-billion time bomb in
of itself).
Suffice to say, Financials have a lot of
issues coming their way in the future. For that
reason, when the next Round of the Crisis
hits, I suggest buying the UltraShort
Financials ETF (SKF).
SKF returns 2X the inverse of the
Financials ETF (IYF). So if the IYF falls 5%, SKF
returns 10%. If the IYF falls 10%, SKF
returns 20%. It’s a terrific means of playing the
collapse in financials stocks.
Again, wait for stocks to enter a free
fall before opening this trade.
Trade #3: Short the Retail ETF
The US consumer accounts for 70% of US
GDP. Real unemployment is currently close to 17%. Food Stamp usage is around a
record 38 million. Tax receipts for 2010 so far are LOWER than 2009’s levels
(didn’t everyone think the entire world was ending back then?). And yet, retail
stocks are back to their 2007 highs:
As you can see, retail stocks in general
are up nearly 200% during the worst recession in decades. It’s simply
staggering. For that reason, I suggest Shorting the
Retail ETF (XRT) when stocks start to
collapse. XRT gives broad exposure to the retail sector. Its top holdings are:
Company % of Assets Casey General Stores 1.9% Gamestop 1.9% Jos A Bank
Clothiers 1.8% Netflix 1.8% Tractor Supply 1.7% Annetaylor Stores 1.7% Limited
Brands 1.7% Childrens PI Retail Stores 1.7% Best Buy 1.6% Abercrombie and Fitch
1.6% Shorting this ETF gives you the opportunity to short retail across the
board. However, if you’re more inclined to short specific companies, I’d focus
on apparel and clothing retailers like Gap (GPS), Limited Brands (LTD),
Nordstrom (JWN), and the like. As with the other trades, only enter these shorts
when the market begins to enter a free fall.
Trade #4: Short the Emerging Markets
Emerging markets have leaded the US on this latest rally: they bottomed back in
November 2008, while US stocks continued to plunge until March 2009. That’s not
the only “leading” emerging markets have done. While the S&P 500 is up some
60% from its March lows, China, Brazil and their kind have all more than
DOUBLED from the November 2008 lows.
This relationship will reverse in the
next Crisis.
During times of Crisis, the “flight to
safety” involves institutional investors dumping
their foreign shares to load up on
Treasuries or other perceived “safe havens.”
Consequently, emerging markets are hit
hardest when the markets collapse.
For that reason, when the next collapse
begins I suggest shorting emerging markets via
any number of inverse Ultrashort ETFs.
The most popular ones are:
1) The UltraShort Emerging markets ETF
(EEV)
2) The UltraShort China ETF (FXP)
3) The UltraShort Brazil ETF (BZQ)
All three of these return 2X the inverse
of an underlying index: the MSCI Emerging
Markets ETF, the FTSE/ Xinhua 25 ETF, and
the Brazil ETF, respectively. As such, they
represent a great way to pocket major
gains when the emerging markets collapse along
with the rest of the financial world
during the next Crisis.
As with the other trades, only enter
these shorts when the market begins to enter a free fall.
CONCLUSION This concludes the our report. If you found this interesting you
might want to consider delving into our other FREE reports. All of them are
available for downloading. Simply click here.
Good Investing!
Graham Summers
Chief Market Strategist
Phoenix Capital Research
Think Tank Says Bailout Fund Will Need $6 Trillion And France Will Lose AAA Rating Daily Bail | Where do they plan to get the money, Euro Claus?
Stocks
Surge On New Promises From European Leaders, Dow Adds 300 Points [ Come on! Wake up! Two desperate, failed
politicians who haven’t the slightest idea what they’re doing; certainly in the
areas of finance and economics. Indeed, they’ve borrowed from a page in the
fraudulent wall street / defacto bankrupt american book of failure and fraud in
banging ‘square pegs in round holes’ along with nation-draining fraudulent
obfuscation with b***s*** alone that hearkens back to that ’Weimar dollar’ era
that was precursor to and inevitably led to the inflationary / no real value
collapse now underway as is already the scenario in america. How totally
desperate and pathetic they are. This is cheered by the wall street types /
frauds to enable them to favorably cash
out. Take your profits while you still can, protect yourself while you still
can, this fraud – induced collapse is just beginning. New ‘promises’!
Currency-debased high inflation rally!
What a joke they’ve become! ]
Bulls
Prevent Bear Market This Week: Dave's Dailyat TheStreet [Sorry Dave … this is already a secular bear market
with sporadic, contrived, HFT / programmed contraindicated suckers’ bear market
rallies that you yourself have previously pointed out, alluded to. Who talked
to you Dave, which by the way brought you ‘back into the fold’ at least at
Yahoo, etc., with your atypically inaccurate headline.] It didn’t
take much Tuesday to get a short-squeeze underway. Markets were at bear market
levels then until a rumor, passing as a news story from FT, got the bullish HFT
algos going.
The impact of phony
short-squeeze rallies — Ritholtz
Don’t mock the 99% — Megan McArdle
Did LSD help make Steve
Jobs more creative? — Slate
Alex P. Keaton, an
alternative history — Josh Brown
Steve Jobs and America’s decline — Greg Ip in the Economist
Oct 6th 2011, G.I. | WASHINGTON [ That Steve Jobs was great for having
literally saved Apple Computer from extinction, there is no question and I’ve
previously eulogized him accordingly, ‘pre-death’ (my first computer was an
AppleIIc in 1986). Related story: ‘Did LSD help make Steve Jobs more creative?
— Slate’ Yet, for
every story as his, the Beatles (my favorite band all-time, along with the
Classical Greats), etc., I can relate a multitude of stories of tragedy,
disaster, including one of a quite brilliant lad I worked with – summer job –
who expounded on the benefits of LSD expanding one’s mind {repeatedly
recommending I try it – I didn’t- never did} was accepted at Columbia Law
School, and while hitchhiking while high in mind-expansion-mode walked into a
mack truck thereby expanding his mind (and body) all over the roadway,
etc..] ‘EARLIER this year a Federal
Reserve official tried to tamp down worries about inflation by noting that,
while food and petrol were getting more expensive, you could now buy an iPad
that was twice as powerful for the same price as the previous model. The
remark, soon lampooned as “Let them eat iPads”, predictably drew derision. But
it typified a tactic to which American leaders frequently turn when they need a
rejoinder to economic doomsaying: cite an Apple product.As bad as their
politics has got, Americans could always comfort themselves with the knowledge
that their business leaders, entrepreneurs and workers were the most dynamic
and innovative in the world. But they may look back on 2011 and see three
events that undermine that story: the downgrade of America’s credit rating; the
last flight of the space shuttle; and Mr Jobs’s death. The first, coming as it
did on the heels of a debilitating and entirely pointless fight over raising
the debt ceiling, captures how American political dysfunction has undermined
the economy’s institutional pillars. The latter two symbolised the waning of,
respectively, American public and private technological pre-eminence.
Of course, it would be
foolish to count out Apple, much less an entire economy, because of one man’s
death. Yet even if Apple remains as successful as it has been under Mr Jobs,
that success long ago decoupled from that of the broader economy. Written on
the back of my iPod are the words, “Designed by Apple in California, Assembled
in China.” It was classic Jobs: reframing an issue, the outsourcing of American
manufacturing jobs, as something inspirational rather than discouraging. The
low-skill assembly jobs and the middle-class lives they provided may be leaving
for Asian shores, but the brainy, wealth-creating parts of the process—the
design, the engineering, the marketing—were firmly rooted in Silicon Valley.
Free traders (including me) loved to cite the research that finds far more of
the value in an iPod is added in America than in China.
But behind this glowing
story of synergy between American brains and Chinese brawn lay a more
disturbing reality. American global economic leadership has, in the last
decade, benefited an ever narrower slice of its people. They have become
fabulously wealthy, while the vast majority of job growth has been in areas
like education and health care, where productivity and wages are stagnant, a
trend well documented by
Michael Spence. American global business leadership used to be personified
by the likes of General Motors, Caterpillar, General Electric and Eastman
Kodak. As they lost market share to foreign competitors, shifted employment
overseas or flirted with bankruptcy, the focus turned to technology companies
like Cisco Systems, Microsoft and Hewlett Packard. Microsoft and Cisco are both
fine, though in recent years they have undergone layoffs and seen their market
values shrink to a fraction of their bubble-era peaks. Hewlett Packard, of
course, is flailing around for a new business model, and is seeking to exit the
personal-computer business altogether.
Americans'
entrepreneurial self-esteem is now embodied by Apple, Google, Facebook and
Amazon. These are indeed fabulously innovative companies with world-beating
business models. Yet one wonders if they are increasingly the exception, not
the rule, and if the passing of Mr Jobs is simply the most prominent example of
a broader decline in American entrepreneurship. According to JPMorgan, in the
late 1990s, employment at start-up companies regularly grew 1.2m per quarter.
That has fallen to 700,000 since the current recovery began. John
Haltiwanger, probably the leading economist on employment dynamics by firm
size, finds similar trends.
Entrepreneurship and
innovation, of course, are not the same thing. Yet even if American innovation
is fundamentally sound, there remains the more unsettling problem of how
narrowly its fruits are shared. If you want to know why the Senate is on the
verge of passing a bill punishing China for its trade practices, look no
further than this fact: Apple, Google, Facebook and Amazon collectively employ
just 113,000 people, a third of GM’s payroll in 1980. Naturally, as Adam Smith
pointed out long ago, the sole purpose of production is consumption, so one
should not scoff at the benefits these companies create for Americans in their
other role as consumers rather than workers. And in truth, technological
advancement has probably done far more than trade to hollow out the middle
class and widen inequality. Slapping China with punitive tariffs is more likely
to trigger a trade war than restore millions of middle-class jobs.
But this is not a
message that resonates with voters, or Congress. Both suspect that
globalisation has done far more to benefit companies’ shareholders and their
bankers than rank-and-file workers. That is the conviction of the people now
occupying Wall Street, even if they lack coherent plans for dealing with it.
And one can't blame them for suspecting the administration’s motives when its
ambassador to China delivers a speech that
so prominently takes up the cause of American credit-card companies. Of course,
Visa and Mastercard are as deserving of government support in foreign markets
as any metal-bending company; but they only employ 12,600 people worldwide.
It would be unfair to
lay this all at the feet of American politicians: widening inequality and the
decline of middle-class manufacturing jobs is a global phenomenon that vexes
governments everywhere. Yet this does not excuse American governance for making
matters worse. There are lots of things it could do to improve the ability of
and incentives for American companies and workers to innovate and grow, whether
it’s taxing fossil fuels, giving more green cards to foreign scientists and
engineers or simplifying the tax code. These days, however, that seems a
fantasy compared to more prosaic demands such as, don’t shut down the
government, starve critical government agencies of funds or default on the
national debt. If America is going to hold on to its technological mojo, it
needs all the help it can get.’
>
9 things
you didn’t know about the life of Steve Jobs ‘For all of
his years in the spotlight at the helm of Apple, Steve Jobs in many ways remains
an inscrutable figure — even in his death. Fiercely private, Jobs concealed
most specifics about his personal life, from his curious family life to the
details of his battle with pancreatic cancer — a disease that ultimately claimed him
on Wednesday, at the age of 56.
While the CEO and
co-founder of Apple steered most interviews away from the public fascination
with his private life, there's plenty we know about Jobs the person, beyond the
Mac and the iPhone. If anything, the obscure details of his interior life paint
a subtler, more nuanced portrait of how one of the finest technology minds of
our time grew into the dynamo that we remember him as
today.
1. Early life and
childhood
Jobs was born in San Francisco on February 24, 1955. He was adopted shortly
after his birth and reared near Mountain View, California by a couple named
Clara and Paul Jobs. His adoptive father — a term that Jobs openly objected to
— was a machinist for a laser company and his mother worked as an accountant.
Later in life, Jobs
discovered the identities of his estranged parents. His birth mother, Joanne
Simpson, was a graduate student at the time and later a speech pathologist; his
biological father, Abdulfattah
John Jandali, was a Syrian Muslim who left the country at age 18 and
reportedly now serves as the vice president of a Reno, Nevada casino. While
Jobs reconnected with Simpson in later years, he and his biological father remained
estranged.
2. College dropout
The lead mind behind the most successful company on the planet never graduated
from college, in fact, he didn't even get close. After graduating from high
school in Cupertino, California — a town now synonymous with 1 Infinite Loop,
Apple's headquarters — Jobs enrolled in Reed College in 1972. Jobs stayed at
Reed (a liberal arts university in Portland, Oregon) for only one semester,
dropping out quickly due to the financial burden the private school's steep
tuition placed on his parents.
In his famous 2005
commencement speech to Stanford University, Jobs said of his time at Reed:
"It wasn't all romantic. I didn't have a dorm room, so I slept on the
floor in friends' rooms, I returned coke bottles for the 5 cent deposits to buy
food with, and I would walk the seven miles across town every Sunday night to
get one good meal a week at the Hare Krishna temple."
3. Fibbed to his
Apple co-founder about a job at Atari
Jobs is well known for his innovations in personal computing, mobile tech, and
software, but he also helped create one of the best known video games of
all-time. In 1975, Jobs was tapped
by Atari to work on the Pong-like game Breakout.
He was reportedly
offered $750 for his development work, with the possibility of an extra $100
for each chip eliminated from the game's final design. Jobs recruited Steve
Wozniak (later one of Apple's other founders) to help him with the challenge.
Wozniak managed to whittle the prototype's design down so much that Atari paid
out a $5,000 bonus — but Jobs kept the bonus for himself, and paid his
unsuspecting friend only $375, according to Wozniak's own autobiography.
4. The wife he
leaves behind
Like the rest of his family life, Jobs kept his marriage out of the public eye.
Thinking back on his legacy conjures images of him commanding the stage in his
trademark black turtleneck and jeans, and those solo moments are his most
iconic. But at home in Palo Alto, Jobs was raising a family with his wife,
Laurene, an entrepreneur who attended the University of Pennsylvania's
prestigious Wharton business school and later received her MBA at Stanford,
where she first met her future husband.
For all of his
single-minded dedication to the company he built from the ground up, Jobs
actually skipped
a meeting to take Laurene on their first date: "I was in the parking
lot with the key in the car, and I thought to myself, 'If this is my last night
on earth, would I rather spend it at a business meeting or with this woman?' I
ran across the parking lot, asked her if she'd have dinner with me. She said
yes, we walked into town and we've been together ever since."
In 1991, Jobs and Powell
were married in the Ahwahnee Hotel at Yosemite National Park, and the marriage
was officiated by Kobin Chino, a Zen Buddhist monk.
5. His sister is a
famous author
Later in his life, Jobs crossed paths with his biological sister while seeking
the identity of his birth parents. His sister, Mona Simpson (born Mona
Jandali), is the well-known author of Anywhere But Here — a story about a mother and daughter that was later
adapted into a film starring Natalie Portman and Susan Sarandon.
After reuniting, Jobs
and Simpson developed a close relationship. Of his sister, he told a New York Times
interviewer: "We're family. She's one of my best friends in the world.
I call her and talk to her every couple of days.'' Anywhere But
Here is dedicated to
"my brother Steve."
6. Celebrity
romances
In The Second Coming of Steve Jobs, an unauthorized biography, a friend from Reed
reveals that Jobs had a brief fling with folk singer Joan Baez. Baez confirmed
the the two were close "briefly," though her romantic connection with
Bob Dylan is much better known (Dylan was the Apple icon's favorite musician).
The biography also notes that Jobs went out with actress Diane Keaton briefly.
7. His first
daughter
When he was 23, Jobs and his high school girlfriend Chris Ann Brennan conceived
a daughter, Lisa Brennan Jobs. She was born in 1978, just as Apple began
picking up steam in the tech world. He and Brennan never married, and Jobs
reportedly denied
paternity for some time, going as far as stating that he was sterile in
court documents. He went on to father three more children with Laurene Powell.
After later mending their relationship, Jobs paid for his first daughter's
education at Harvard. She graduated in 2000 and now works as a magazine writer.
8. Alternative
lifestyle
In a few interviews, Jobs hinted at his early experience with the psychedelic
drug LSD. Of Microsoft founder Bill Gates, Jobs said: "I wish him the
best, I really do. I just think he and Microsoft are a bit narrow. He'd be a
broader guy if he had dropped acid once or gone off to an ashram when he was
younger."
The connection has
enough weight that Albert Hofmann, the Swiss scientist who first synthesized
(and took) LSD, appealed to Jobs for funding for research about the drug's therapeutic
use.
In a book
interview, Jobs called his experience with the drug "one of the two or
three most important things I have done in my life." As Jobs himself has
suggested, LSD may have contributed to the "think different" approach
that still puts Apple's designs a head above the competition.
Jobs will forever be a
visionary, and his personal life also reflects the forward-thinking,
alternative approach that vaulted Apple to success. During a trip to India,
Jobs visited a well-known ashram and returned to the U.S. as a Zen Buddhist.
Jobs was also a
pescetarian who didn't consume most animal products, and didn't eat meat other
than fish. A strong believer in Eastern medicine, he sought to treat his own
cancer through alternative
approaches and specialized diets before reluctantly seeking his first
surgery for a cancerous tumor in 2004.
9. His fortune
As the CEO of the world's
most valuable brand, Jobs pulled in a comically low annual salary of just
$1. While the gesture isn't unheard of in the corporate world — Google's
Larry Page, Sergey Brin, and Eric Schmidt all pocketed the same 100 penny
salary annually — Jobs has kept his salary at $1 since 1997, the year he became
Apple's lead executive. Of his salary, Jobs joked
in 2007: "I get 50 cents a year for showing up, and the other 50 cents
is based on my performance."
In early 2011, Jobs
owned 5.5 million shares of Apple. After his death, Apple shares were valued
at $377.64 — a roughly 43-fold growth in valuation over the last 10 years
that shows no signs of slowing down.
He may only have taken
in a single dollar per year, but Jobs leaves behind a vast fortune. The largest
chunk of that wealth is the roughly $7 billion from the sale of Pixar to Disney
in 2006.
In 2011, with an estimated net worth of $8.3 billion, he was the 110th richest
person in the world, according to Forbes.
If Jobs hadn't sold his shares upon leaving Apple in 1985 (before returning to
the company in 1996), he would be the world's fifth richest individual.
While there's no word
yet on plans for his estate, Jobs leaves behind three children from his
marriage to Laurene Jobs (Reed, Erin, and Eve), as well as his first daughter,
Lisa Brennan-Jobs.’
-----
Did LSD help make Steve
Jobs more creative? — Slate { I’d say ‘causation’ (cause/effect) becomes
problematic here; a ‘chicken and egg’ kind of thing that in the realm of
Kantian philosophy would be considered a noumenon; quite possibly even
misconstrued by Jobs himself in an overly humble, somewhat self-effacing kind
of way, ignoring his innate abilty, brilliance. } [ That Steve Jobs was great for having literally
saved Apple Computer from extinction, there is no question and I’ve previously
eulogized him accordingly, ‘pre-death’ (my first computer was an AppleIIc in
1986). Yet, for every story as his, the Beatles (my favorite band all-time,
along with the Classical Greats), etc., I can relate a multitude of stories of
tragedy, disaster, including one of a quite brilliant lad I worked with –
summer job – who expounded on the benefits of LSD expanding one’s mind
{repeatedly recommending I try it – I didn’t- never did} was accepted at
Columbia Law School, and while hitchhiking while high in mind-expansion-mode
walked into a mack truck thereby expanding his mind (and body) all over the
roadway, etc..]
Home ownership:
Biggest drop since Great Depression The percentage of Americans who owned their homes
has seen its biggest decline since the Great Depression, according to the U.S.
Census Bureau.
The impact of phony short-squeeze rallies — Ritholtz http://www.ritholtz.com/blog/2011/10/the-mmpact-of-phoney-short-squeezes
Stock investors may take
days to distinguish real news from noise, according to Federal Reserve Bank of
New York.
http://www.ritholtz.com/blog/wp-content/uploads/2011/10/1007chart.jpg
This is especially true
these days, given false announcements of bailouts, Fed interventions and
rescues. They tend to cause fake short squeezes that temporarily spike markets,
only to see them ultimately head lower.
To get a closer look of noise
on markets, the FFRBNY studied how UAL’s stock moved in September 2008. At the
time, a “six-year-old report on the company’s bankruptcy filing appeared
online and was treated as a new story.”
David Wilson of
Bloomberg has the details:
“UAL, which later became
United Continental Holdings Inc., plunged as much as 76 percent on Sept. 8,
2008, in response to the error. While UAL’s loss narrowed to 11 percent by the
close of trading, the shares fell the next two days before rebounding.
“Residual effects attributable
to the false news shock” lasted for seven trading days, the researchers wrote
this week in a blog posting on the New York Fed’s website. The effect is at
odds with the efficient-market hypothesis, which holds that share prices
reflect all publicly available data on a company.
To identify the time
period, they estimated where UAL’s shares would have traded if the outdated
report hadn’t surfaced. The projection was derived from the performance of the
Standard & Poor’s 500 Index, the Bloomberg World Airlines Index and crude
oil during the period. The posting by economists Carlos Carvalho, Nicholas
Klagge and Emanuel Moench was based on a report they published in May 2009 and
revised in June. Carvalho, who teaches economics at the Pontifical Catholic University
of Rio de Janeiro, worked at the New York Fed when the research was originally
done. His two co- authors are still there.
Given every twitch of
the market over tales of EU/ECB action, German banks bailing out Italy, or
anything related to Greece, it is interesting to see how traders behave
relative to false announcements.’
IMF to Propose
New Short-Term Credit Lines Oct 7th, 2011 News (The Wall Street Journal) — The International
Monetary Fund is crafting a proposal to offer new short-term credit lines to
governments to prevent the spread of global financial crises, senior IMF and finance
officials say.The program has the tentative backing of key world financial
leaders who are expected to approve the new lending tool at the coming meetings
of the Group of 20 industrialized and developing economies, according to three
senior officials from G-20 countries. [source]
PG View: Yes!
Absolutely! More credit, more debt is the answer to the global debt crisis.
U.S.
Bank Exposure to Europe Could Be $640 Billion, Per Congressional Paper Oct
7th, 2011 News (The
Wall Street Journal) — U.S. bank exposure to the European debt crisis is
estimated at $640 billion, nearly 5% of total U.S. banking assets, according to
recent research papers written for Congress.While U.S. Treasury Secretary
Timothy Geithner says the U.S. banking sector’s vulnerability to the euro zone
problems is “very limited,” the Congressional Research Service estimate is one
of the first public assessments provided by the U.S. government that quantifies
the potential risks.According to two different reports provided to federal
lawmakers last month, the debt problems of Greece, Ireland, Portugal, Italy,
and Spain constitute a ”serious risk” to the European banking system,
particularly German, French, and U.K. banks, which have close ties to U.S.
banks. Markets believe there’s a very high likelihood Greece will default in
the coming weeks. That could cause a cascade of other crises throughout
Europe…The estimate doesn’t include U.S. bank exposure to European bank
portfolios that include assets in the weak member countries. Also, it doesn’t
account for euro-zone assets held by money market, pension, and insurance
funds.[source]PG View: Geither’s sense of reality
seems to have been distorted by all the absolutely huge numbers bandied about
in recent years. Does he really view $640 bln is “very limited?” The
Congressional Research Service goes on to say that, “depending on the exposure
of non-bank financial institutions and exposure through secondary channels,
U.S. exposure to Greece and other euro-zone countries could be considerably
higher.” What exactly does “considerably higher” mean? Is it twice the $640
bln? More?
Fitch
cuts Italy, Spain ratings, outlook negative Oct 7th, 2011 News (Reuters) source]
Is U.S. a Third-World
Nation? Oct 7th, 2011 News
(The Wall Street Journal) — [ YES! ]Author Michael Lewis says the U.S. and many
European nations suffered a moral failure that led to economic collapse. PG View: Supposed first world
countries — including the US — hid risk, which was consequently mispriced,
leading to crisis.
World
facing worst financial crisis in history, Bank of England Governor says Oct
7th, 2011 News (The
Telegraph) — ..This is the most serious
financial crisis we’ve seen, at least since the 1930s, if not ever.
We’re having to deal with very unusual circumstances, but to act calmly to this
and to do the right thing.” [source]
Banking
Delusion Brings Crisis to Europe’s Core Oct 7th, 2011 News (Bloomberg-BusinessWeek) — Once
upon a time, like this summer, Dexia SA, the French-Belgian bank, was stable.
By the measures global regulators deem important, its capital ratio stood at 11.4
percent of risk-weighted assets, according to data compiled by Bloomberg.
That’s well above the 10 percent regulators plan to require of the world’s
largest banks under new international rules.What a difference a summer makes.
The Belgian and French governments now have a complicated mess on their hands.
Dexia, which had received a government bailout in 2008..[source]
‘Chinabot is in full
fail mode, after a sticksave attempt to save the currency following the Italian
downgrade by Fitch was monkeyhammered with the Spanish downgrade which was not
only two notches, but sent the country's rating to below that of S&P and
Moodys. Adding fuel to the fire is an errant comment from Merkel who has said
that Eurobonds are "absolutely the
wrong way to go", and lastly, a last minute notification
from Fitch which goes for Trifecta by saying that Portugal remains on outlook
negative..
Market
Snapshot: Dispersion Rising As EU Financials UnderperformDurden on 10/07/2011 - 11:47 Precious
Metals Price
Action ..why are we still
rallying? ..
Well, a month end update
only for those funds who still report their P&L to HSBC. Others, such as
Paulson, apparently deem it below them to post an update when they are doing
less than swell, shall we say. In other news, redemptions will continue until
morale improves.
From the mind that
brought you the Great
Vega Short comes the next masterpiece on liquidity, volatility, contagion
and everything else. "Volatility is change and the world is changing. The
truth is that Greece will default. The truth is that if our leaders continue to
deny our problems history tells us the US will eventually default. These shocking
events will hurt many people, markets will collapse, life savings will be lost,
there will be violence, upheaval, and massive political change ..
Several years ago Paolo
Pellegrini, Kyle Bass, Michael Burry and several other visionaries were well
ahead of the conventional wisdom groupthink curve by not only sensing that the
housing market was massively overvalued and riding on the crest of a huge
leverage bubble .. the world is fretting about Europe, Morgan Stanley, lack of
decisive political decision-making in a pseudo union of 17 different countries,
lack of decisive monetary intervention, a Chinese hard landing and everything
else that makes front pages these days, slowly our prediction is starting to
come true. But you won't hear about it anywhere else, because if the market
understands that in addition to a global solvency crisis, America has another
Subprime contagion on its hands actually being expressed
in the markets as we type,
and potentially costing banks, pension funds and various asset managers
billions in losses behind the scenes, that may well be the last straw.
The headline wholesale
inventories number missed +0.6% expectations, rising only 0.4% (from 0.8%
prior) with its lowest build since Nov 2010. Under the covers though,
non-durables were the most troublesome - unless of course the spin is that a
falling inventory implies future growth as inventories 'have' to be rebuilt,
right? Non-durables inventories dropped 0.6% - its biggest drop since Sep 2009.
The rally has been
strong across many products, but once again has all the signs of a short
squeeze rally. ..
As noted previously, one
key fly in the ointment in an otherwise better than expected jobs report (in
which the participation rate also trended higher for a welcome change) was the
manufacturing jobs data, which declined by 13,000. Perhaps at the end of the
day this is the most important data point, since while declining government
jobs at the end of the day is a good thing, government workers don't actually
create anything of value for the economy. And as the chart below demonstrates,
the long term trend is certainly not our friend. The second "fly",
and the one that will certainly be used as a talking point by politicians, was
the average unemployment duration. At 40.5 weeks, it just hit a new all time
record.
As usual, Reuters is the
first with a compilation of Wall Street's gut reaction to the NFP data.
So much for the
recession? September NFP prints at 103,000 on expectations of 60,000, with
August revised to 57,000 from that roulette busting double zero. The
unemployment rate held at 9.1 percent, as expected. From the report: "The increase in employment partially reflected the
return to payrolls of about 45,000 telecommunications workers who had been on
strike in August.. real unemployment, U6, printed up from 16.2%
to 16.5%, the highest since December 2010.
The bank that was selling
Dexia shares to its clients all the way down (Goldman
Cuts Dexia From Buy To Neutral On Imminent Restructuring And Winddown) and
which has the uncanny ability to align its own trading desk with an event's
"outcome", at the expense of clients of course, has just done it
again. As of this morning it is actively
selling Margin Stanley calls to whoever is still left as a
client. From a just released report: "Buy calls for a likely relief rally
on earnings; sell short-dated CDS as fear falls." Now... just who are
these clients buying calls from and selling CDS to?’
6 Reasons a Global Recession is Unavoidable Ron DeLegge, October 5, 2011, ‘Most economists and Wall Street types are reluctant to publicly admit the global economy is in a recession. Their reams of conflicting data are sending mixed messages. But an honest look at key events and the behavior of financial markets solidifies the view that the global recession we're probably already in, is unavoidable. Let's analyze some of the reasons behind this.
1) The Fed is
out of tricks. When it comes
to manipulating financial markets in the name of economic security, nobody
matches the Federal Reserve's prowess. Over the past few years, the Fed has
engaged in financial gimmickry of such epic proportions that angry calls for
ending its existence have been voiced from sea to shining sea. The Fed's
Treasury purchases (POMO) and monetization of debt (quantitative easing), may
have delayed the reckoning day, but have these programs really solved America's
long-term problems? The Fed's latest shift from short-term to long-term debt
(Operation Twist) is tantamount to taking money from your right hand pocket and
putting it into your shirt pocket. The Fed is running out of time and out of tricks.
Ben Bernanke has finally admitted what the general public has known all along;
the job situation is a 'national crisis.'
2) Stock
market says we're already in a recession.The National Bureau of Economic Research (NBER) and
its leading economists still deny the U.S. economy is in a recession.
Apparently, their slide rulers haven't yet confirmed it, so they need a few
more quarters before issuing a press release. Meanwhile, the stock market,
which is a leading indicator of economic activity, is screaming 'recession.'
Large company stocks within the S&P 500 (NYSEArca: SPY - News) have fallen almost 18%
since July. Bulls argue this is still shy of the 20% threshold that confirms a
bear market, but even so, mid cap stocks (NYSEArca: MDY - News) and small caps (NYSEArca: IWM - News) have already entered bear
territory. Today's stock prices reflect expectations about future earnings,
which in turn are connected to the future state of the economy. Expectations
are rightfully low.
3) Greece has
set the tone for Europe (and maybe the rest of the world).How many financial targets will Greece continue to
miss before forecasters stop regurgitating its false numbers? When will Greece
stop embarrassing itself with financial projections it knows aren't true?
Greece's 2011 deficit was projected to be 8.5% of its GDP but came in almost
1.69 billion above its original targets. Next year, Greece is aiming for a
deficit that's 6.8% of GDP. With the country engulfed in civil protests, job
strikes and general chaos - how realistic are its 2012 projections? Financial
bets for Greece to succeed are a long-shot. The country's economic projections
are no longer based upon realistic assumptions, but hopes for garnering more bailout
money and calming hostile markets. Ultimately, Greece is merely a reflection of
the entire EU region - a place where financial aspirations don't match reality.
4) Bear funds
are leading performers.The
two-year period from March 2009 to March 2011 was a difficult existence for
bear market funds. After bottoming at decade lows, the stock market skyrocketed
and bear funds got clobbered. But not anymore. Bear funds are investments
that, by design, increase in value when the underlying benchmarks they track
decline. Now with the stock market swooning, bear funds are posting huge gains.
Over the past three months, Direxion's 3x daily leveraged bear ETFs for large
cap stocks (NYSEArca: BGZ
- News) is ahead by 42.97%,
mid cap stocks (NYSEArca: MWN
- News) is up 58.30% and small
caps (NYSEArca: TZA - News) is up by 49.76%. Reversing
this ominous trend, especially when key technical levels have been pierced,
won't be easy.
5) Major asset
classes are in correlation.During
a bear market, the correlation between asset classes typically jumps and this
is exactly the case right now. Over the past few months, commodities (NYSEArca:
GCC - News), global real estate stocks
(NYSEArca: RWO - News), precious metals (NYSEArca:
GLTR - News), international stocks
(NYSEArca: EFA - News), and U.S. stocks (NYSEArca:
SCHB - News) have all moved in the same
general direction by recording sizable losses. Even gold (NYSEArca: IAU - News) and silver (NYSEArca: SLV - News), which previously escaped
the wrath of losses, have joined the party. And only cash and bonds (NYSEArca: AGG - News) are bucking the correlation
trend.
6) Pace
of sovereign downgrades is accelerating.We don't advocate putting implicit faith in credit
ratings, because history has taught us they are nothing more than financial
opinions and frequently, not very accurate ones. Still, a gander at the latest
downgrading trend is troublesome. Intuitive observers will note, this is not an
isolated phenomenon, but a global trend. Sovereign debt from Greece and
Portugal, after several downgrades, is now rated junk. Ireland has been
downgraded and Italy was just downgraded by Moody's to A2 with a
negative outlook. Japan, along with U.S. debt was lowered in August and
another wave of more downgrades is coming, so get used to it.
Conclusion
Investing in an
economically stifled climate requires patience, diligence, and
forethought. Following the herd mentality guarantees nothing more
than mediocrity and making kneejerk financial decisions is an excellent
way to lose money. ETFguide's Profit Strategy ETF Newsletter continues to advocate a fiercely
independent view of world events, financial markets, and the proper allocation
of money. Ultimately, having an investment strategy that can perform
during any kind of market is a good start. ‘
Consumer
Spending Slumps In September, Index Showsat Forbes
U.S.
stocks' massive "melt-up" fans investor fears Reuters October 5,
2011, By Edward Krudy NEW YORK (Reuters) - In less than one hour on
Tuesday, the U.S. stock market surged by 4 percent -- for no apparent
reason.The last hour of trading was the most volatile final hour in two months
-- and it occurred at a speed that frightens many, from experienced hedge-fund
managers to mom-and-pop investors.The late-day "melt-up" that pushed
the S&P 500 index (^SPX -
News) out of bear-market
territory might be construed as good news. But it brings back echoes of the
"flash crash" that saw markets dive by several hundred points in a
matter of minutes, and it's a big reason many are staying away from the
market."Everyone is scared in both ways -- the shorts are scared, the
longs are scared, everyone is scared. The high-net-worth investor is very, very
scared," said Stephen Solaka, managing partner at Belmont Capital Group in
Los Angeles, which manages money for independent wealth advisers and family
offices.Tuesday's move was the latest example of an erratic, high-octane stock
market increasingly driven by levered exchange traded funds and complicated
hedging and options strategies that unwind with dizzying speed.It's a far cry
from when the U.S. stock market was viewed as a place for capital-raising by
businesses seeking to expand and a place for investors looking to put their
savings to work."It tends to result in some market participants feeling
like the market is uninvestable. It's not good for mutual funds or hedge
funds," said Michael Marrale, head of sales trading at RBC Capital Markets
in New York.The ostensible reason for Tuesday's move was an article published
late in the day on the Financial Times website quoting the EU's commissioner
for economic affairs, Olli Rehn, saying a plan was being worked out to
recapitalize the region's troubled banking sector.But Reuters reported similar
comments earlier in the day, and Rehn's comments struck some people as covering
old ground. Ken Polcari, a veteran of the NYSE floor at ICAP Equities, found
the reasoning insufficient."There is no clarity -- 'no formal decision' --
just more speculation, more rumors, and more innuendo," he said of the FT
article.
WHAT WENT DOWN
Traders, analysts and
investors interviewed by Reuters cited a number of factors, many of them
technical, and linked to big positions around the 1100 level on the S&P
500…
BLAST-OFF AT 1,100
The S&P climbed
steadily between 3 p.m. and 3:30 p.m., but once it broke through 1,100, the
gains accelerated, as the average rose 1 percent in the span between 3:39 p.m.
and 3:45 p.m.
For Joe Donohue, money
manager at Dimension Trading in Red Bank, New Jersey, the speed of the reversal
was a classic sign of automated algorithmic trading.
"I didn't know the
move was for real until about 3:40 to 3:45, when my machine just lit up green
like a Christmas tree," he said. "That's when you know there's algo
buying dictating the market. It certainly wasn't individual buyers."
Donohue's response was
to close out short positions and buy a triple-leveraged long exchange traded
fund that magnifies the performance of the Russell 2000 (Chicago Options:^RUT - News) three times.
The Direxion Daily Small
Cap Bull 3X Shares (Pacific:TNA
- News), which had its busiest
day of trading in history on Tuesday, rocketed nearly 20 percent into the
close. That ETF, along with the Proshares Ultrashort S&P 500 ETF (Pacific:SDS - News), another leveraged ETF, are
now often among the top 25 traded issues on U.S. exchanges.
"Program trading
and algorithmic trading was the cause," said Donohue. "We're seeing
moves in a half hour that used to take weeks. Obviously we were very oversold
technically before, and essentially we had a 'melt-up' that was helped by the
algo trading that just went off buying."…’
Moody’s
Cuts Italy’s Credit RatingWall St.
Cheat Sheet
Who
Will Recapitalize the Recapitalizers?
[ Gutenberg of course! Well, just indirectly, historically speaking; the
printing press, that is. The ‘recapitalizer’, brought back to life in the
pervasively corrupt, defacto bankrupt america; bringing home once more that
historic ‘Weimar dollar’, ubiquitously now worldwide. Sounds like a plan!
Straight from planning / design room for the u.s.s. Titanic! ] The Wall Street
Journal Paul Vigna
“Recapitalizing” European banks (the preferred euphemism for bailout,
apparently) in order to stabilize them in the face of “haircuts”
on sovereign debt (the preferred euphemism for losses, obviously) through
a facility like the EFSF risks a spiral that will make the bailouts more
difficult to fund.Capital Economics economist John Higgins writes today
that the bank recapitalization plan that has the market so excited is “unlikely
to draw a line under the crisis.”A recapitalization would allow banks to
withstand a bigger haircut on Greek debt. The trouble is that once Greece gets
a bigger haircut, other sovereign borrowers will want one, too. That could get
expensive in a hurry.The EFSF bailout fund could fill help weaker countries
carry some of that burden, but that will get increasingly problematic.“The more
the EFSF’s funds are used to recapitalize banks, the less it will have to
provide official financing, or to intervene in the debt markets,” Mr. Higgins
writes. “And the more the EFSF is expected to deploy its firepower in whatever
capacity, the more investors will believe it will have to be leveraged,
with the result that its own cost of borrowing could keep on rising.”
David Stockman: Blame The Fed! Sep 30th, 2011 News (ChrisMartenson.com) — ‘David Stockman, former US Representative and Director of the Office of Management and Budget under Reagan, does not mince words. He sees the monetary systems of the world coming apart.How did we get here? He identifies the root cause as the intentional over-leveraging of world economies by central planners in a misguided effort to enjoy growth without consequence…’
Gov't
report: Fannie knew of 'robo-signing' in '03 - AP
After a Bad Q3, Markets Not Likely to Recover in Q4 Daryl Montgomery, October 3, 2011, ‘The third quarter of 2011 had the biggest drop and most volatility for stocks since 2009. The fourth quarter may not be much better since the cause of the problem is a new credit crisis and an emerging global recession. Both will continue to be a drag on the market.
Train
Reading: That Explains Everythingat
The Wall Street Journal
China’s worsening credit crunch — Pragmatic Capitalism
The Occupy Wall Street
protesters are winning — Josh Brown
The gap between economic
data and sentiment — Abnormal Returns
Recession, restructuring
and the ring fence — John Hussman
WARNING:
Corporate-Fascist Military Coup Brewing in the United States? Tony Cartalucci | Beware of
pretenders supplied by the establishment to “save us” from collapsing system.
Prophets
Of Doom: 12 Shocking Quotes From Insiders The
Economic Collapse Oct 1, 2011 ‘We are getting so close to a
financial collapse in Europe that you can almost hear the debt bubbles
popping. All across the western world, governments and major banks are
rapidly becoming insolvent. So far, the powers that be are keeping all of
the balls in the air by throwing around lots of bailout money. But now
the political will for more bailouts is drying up and the number of troubled
entities seems to grow by the day. Right now the western world is facing
a debt crisis that is absolutely unprecedented in world history. Europe
has had a tremendously difficult time just trying to keep Greece afloat, and
several much larger European countries are now on the verge of a major
financial crisis. In addition, there is a growing number of very large
financial institutions all over the western world that are also rapidly
approaching a day of reckoning. The global financial system is a sea or
red ink, and when we get to the point where there are hundreds of ships going
under how is it going to be possible to bail all of them out? The quotes
that you are about to read show that quite a few top financial and political
insiders know that things cannot hold together much longer and that a horrific
economic crisis is coming. We built the global financial system on a
foundation of debt, leverage and risk and now this house of cards that we have
created is about to come tumbling down.
A lot of people in
politics and in the financial world know what is about to happen. Once in
a while they will even be quite candid about it with the media.
As I have written about
previously, Europe is on the verge of a financial collapse. If things go really
badly, things could totally fall apart in a few weeks. But more likely it
will be a few more months until the juggling act ends.
Right now, the banking
system in Europe is coming apart at the seams. Because the global
financial system is so interconnected today, when major European banks start to
fail it is going to have a cascading effect across the United States and Asia
as well.
The financial crisis of
2008 plunged us into the deepest recession since the Great Depression.
The next financial
crisis could potentially hit the world even harder.
The following are 12
shocking quotes from insiders that are warning about the horrific economic
crisis that is almost here….
#1 George Soros: “Financial markets are
driving the world towards another Great Depression with incalculable political
consequences. The authorities, particularly in Europe, have lost control of the
situation.”
#2 PIMCO CEO Mohammed El-Erian: “These are all
signs of an institutional run on French banks. If it persists, the banks would
have no choice but to delever their balance sheets in a very drastic and
disorderly fashion. Retail depositors would get edgy and be tempted to follow
trading and institutional clients through the exit doors. Europe would thus be
thrown into a full-blown banking crisis that aggravates the sovereign debt
trap, renders certain another economic recession, and significantly worsens the
outlook for the global economy.”
#3 Attila Szalay-Berzeviczy,
global head of securities services at UniCredit SpA (Italy’s largest bank):
“The only remaining question is how many days the hopeless rearguard action of
European governments and the European Central Bank can keep up Greece’s
spirits.”
#4 Stefan Homburg, the head of Germany’s
Institute for Public Finance: “The euro is nearing its ugly end. A collapse of
monetary union now appears unavoidable.”
#5 EU Parliament Member Nigel Farage: “I think the worst in
the financial system is yet to come, a possible cataclysm and if that happens
the gold price could go (higher) to a number that we simply cannot, at this
moment, even imagine.”
#6 Carl Weinberg, the chief economist at
High Frequency Economics: “At this point, our base case is that Greece will
default within weeks.”
#7 Goldman Sachs strategist Alan Brazil: “Solving a debt problem with more debt has
not solved the underlying problem. In the US, Treasury debt growth financed the
US consumer but has not had enough of an impact on job growth. Can the US
continue to depreciate the world’s base currency?”
#8 International Labour Organization director
general Juan Somavia recently stated that
total unemployment could “increase by some 20m to a total of 40m in G20
countries” by the end of 2012.
#9 Deutsche Bank CEO
Josef Ackerman: “It is an open secret that numerous European banks would
not survive having to revalue sovereign debt held on the banking book at market
levels.”
#10 Alastair
Newton, a strategist for Nomura Securities in London: “We believe that we
are just about to enter a critical period for the eurozone and that the threat
of some sort of break-up between now and year-end is greater than it has been
at any time since the start of the crisis”
#11 Ann Barnhardt, head of Barnhardt Capital Management,
Inc.: “It’s over. There is no coming back from this. The only thing that can
happen is a total and complete collapse of EVERYTHING we now know, and humanity
starts from scratch. And if you think that this collapse is going to play out
without one hell of a big hot war, you are sadly, sadly mistaken.”
#12 Lakshman Achuthan of ECRI: “When
I call a recession…that means that process is starting to feed on itself, which
means that you can yell and scream and you can write a big check, but it’s not
going to stop.”
*****
In my opinion, the
epicenter of the “next wave” of the financial collapse is going to be in
Europe. But that does not mean that the United States is going to be
okay. The reality is that the United States never recovered from the last
recession and there are already a lot of signs
that we are getting ready to enter another major recession. A major
financial collapse in Europe would just accelerate our plunge into a new economic
crisis.
If you want to read
something that will really freak you out, you should check out what Dr.
Philippa Malmgren is saying. Dr. Philippa Malmgren is the President and
founder of Principalis Asset Management. She is also a former member of
the Bush economic team. You can find her bio right
here.
Malmgren is claiming
that Germany is seriously considering bringing back the Deutschmark. In
fact, she claims that Germany is very busy printing new currency up.
In a list of things that we could see happen over the
next few months, she included the following….
“The Germans announce they are re-introducing the Deutschmark.
They have already ordered the new currency and asked that the printers hurry
up.”
This is quite a claim
for someone to be making. You would think that someone that used to work
in the White House would not make such a claim unless it was based on something
solid.
If Germany did decide to
leave the euro, you would see an implosion of the euro that would be truly
historic.
But as I have written
about previously, it should not surprise anyone that theend of the euro is being talked about because the
euro simply does not work.
The only way that the
euro would have had a chance of working is if all of the governments using the
euro would have kept debt levels very low.
Unfortunately, the
financial systems of the western world are designed to push governments into
high levels of debt.
The truth is that the
euro was doomed from the very beginning.
Now we are approaching a
day of reckoning. We have been living in the greatest debt bubble in the
history of the world, but the bubble is ending. There are several ways
that the powers that be could handle this, but all of them will lead to
greater financial instability.
In the end, we will see
that the debt-fueled prosperity that the western world has been enjoying for
decades was just an illusion.
Debt is a very cruel
master. It will almost always bring more pain and suffering than you
anticipated.
It is easy to get into
debt, but it can be very difficult to get out of debt.
There is no way that the
western world can unwind this debt spiral easily.
The only way that
another massive economic crisis can be put off for even a little while would be
for the powers that be to “kick the can down the road” a little farther by
creating even more debt.
But in the end, you can
never solve a debt problem with more debt.
The next several years
are going to be an incredibly clear illustration of why debt is bad.
When the dominoes start
to fall, we are going to witness a financial avalanche which is going to
destroy the finances of millions of people.
You might want to try to
get out of the way while you still can.’
The IMF expects the U.S.
economy to grow just 1.5 percent this year and 1.8 percent in 2012. That's down
from its June forecast of 2.5 percent in 2011 and 2.7 percent next year.
To achieve even that
still-low level of growth, the U.S. economy would need to expand at a much
faster rate in the second half of the year than its 0.7 percent annual pace in
the first six months.
Most economists expect
growth of between 1.5 percent and 2 percent in the final two quarters. Though
an improvement, it wouldn't be enough to lower the unemployment rate. The rate
has been 9 percent or higher in all but two months since the recession
officially ended more than two years ago.
"The global economy
has entered a dangerous new phase," said Olivier Blanchard, the IMF's
chief economist. "The recovery has weakened considerably. Strong policies
are needed to improve the outlook and reduce the risks."
The IMF has also lowered
its outlook for the 17 countries that use the euro. It predicts 1.6 percent
growth this year and 1.1 percent next year, down from its June projections of 2
percent and 1.7 percent, respectively.
The gloomier forecast
for Europe is based on worries that euro nations won't be able to contain their
debt crisis and keep it from destabilizing the region.
"Markets have
clearly become more skeptical about the ability of many countries to stabilize
their public debt," Blanchard said. "Fear of the unknown is
high."
Overall, the IMF
predicts global growth of 4 percent for both years. Stronger growth in China,
India, Brazil and other developing countries should offset weaker output in the
United States and Europe.
Financial turmoil and
slow growth are feeding on each other in both the United States and Europe, IMF
officials say. Europe's debt crisis is causing banks to reduce lending and hold
onto cash. Sharp stock market drops in the United States over the summer have
hurt consumer and business confidence and will likely reduce spending. That
slows growth, which leads many investors to shift money out of stocks and into
safer investments, such as Treasury bonds.
In Europe, slower growth
will make it harder for stressed nations to get their debt under control.
U.S. and European
policymakers must act more decisively to cut budget deficits, the IMF said.
European banks need to
boost their capital buffers more quickly and beyond new minimum levels set to
come into force in 2019, the IMF said.
European banks have seen
their stocks slide sharply this summer on fears that their exposure to the
government debt of shaky countries like Greece could result in big losses.
Having extra capital
would bolster confidence in the banking sector and shield Europe's economy from
the impact of jitters in financial markets.
The U.S. economy faces
longer-lasting problems that go beyond high gas prices and disruptions caused
by the Japan crisis, the IMF said.
Employers are adding few
jobs and giving out meager pay raises. Many homeowners owe more on their
mortgages than their homes are worth. Banks are keeping credit tight.
All those trends are
holding back consumer spending. Unemployment is likely to average 9 percent
next year, the IMF's report said, echoing a recent estimate by the Obama
administration.
President Barack Obama's
proposal to cut taxes and spend more on infrastructure should provide
much-needed short-term stimulus, the IMF said. But it needs to be paired with a
longer-term plan to reduce the deficit over, the report said. The timing of the
budget cuts is key, Blanchard said.
Budget cuts "cannot
be too fast or it will kill growth," Blanchard said in a statement.
"It cannot be too slow or it will kill credibility."
President Obama on
Monday proposed more than $3 trillion of tax increases and spending cuts over
10 years. His proposal will be considered by a congressional panel charged with
finding $1.5 trillion in deficit reduction this year.
Both Obama's jobs
proposal and the tax increases face stiff opposition from Republicans. They
oppose any tax increases and have strongly criticized the president's plans.
The 187-member nation
fund conducts economic analysis and lends money to countries in financial
distress. It will hold its annual meetings with the World Bank later this week
in Washington.
Associated Press Writer
Gabriele Steinhauser contributed to this report from Brussels.’
Low
Interest Rates: Perma-Expectations No More at Minyanville
Wall
St. Cheat Sheet: Italy Gets Axed, Netflix in Free Fall, Housing Starts Drop
Wall St Cheat Sheet September
20, 2011, ‘The
Dow Jones Industrial Average and U.S. stocks are in the green after Wall
Street suddenly got more confident Greece will get aid and Ben Bernanke will be
forced to add more welfare, I mean stimulus, to the economy.Standard &
Poor’s cut
Italy’s credit rating late Monday by one level to A from A+, citing
weak economic growth and criticizing Rome’s response to the debt crisis.
Italian Prime Minister Silvio Berlusconi responded, saying that the move was
influenced by “political considerations” and media stories rather than economic
reality. While more building permits in the U.S. were authorized in
August than in July,
housing starts and completions both declined last month.
A
Fed IOER Cut Could Backfire on Banks, Warns Pimco at The Wall Street Journal
Low
Interest Rates: Perma-Expectations No More at Minyanville Howard Simons Sep 20, 2011 ‘Regarding
interest rates, one major difference between the US and Japan is that their
perma-expectations started to disappear in a rising short-term rate
environment; US rates have yet to rise. All of the recent news surrounding
Steve Jobs’ departure from Apple prompted me to remark, “He has a strange
opportunity to read his own obituary.” For the most part, he would have to be
pleased at all of the genuine praise heaped on him.
This prompted me to wonder about what I would want on my tombstone other than, “He
should’ve known better.” One candidate could be, “He used the word ‘swaption’
on a popular website and got away with it.” I did; most recently in a
discussion of the Federal Reserve’s credibility to keep on doing the
incredible, keeping interest
rates near zero through 2013 (see Is FOMC's Pledge to Keep Short-Term Interest Rates Low Until
2013 Believable?).
Forward Rates When the Future Is Now
Can the swaption conclusion be confirmed by another indicator? Yes; let’s
return to a thread last updated in December 2010 (see Is This the End of the Money-Printing Era?) on the
relationship between the forward rates between six and nine months and the
actual three-month rate as it arrives six months later. If the gap between
expectation and reality is high, it means the market has been fooled again in
its expectations that low short-term interest rates must be headed in one
direction, higher. The opposite has been observed in practice, too; markets can
incorrectly price in expectations for low short-term rates and get whacked
upside the head by reality.
Where are we today? The expectations gap, marked with roseate columns, is
shrinking, although it is still at levels unprecedented until the adoption of
zero interest
rate policies (ZIRP) in December 2008. This is the same thing
as saying forward rates are in the process of declining to levels that will be
matched by actual three-month rates six months from now. If you are keeping
track of these months by counting on your fingers, we see you.
http://image.minyanville.com/assets/FCK_Jan2011/Image/JimE/Simongraph1.jpg
The chart above uses weekly data.
Let’s go down to daily data for the period following the end of QE1. Two dates
are marked, one when the debt ceiling debate in July was taking the ominous
course toward default and one just after the August FOMC meeting. Both
developments put the market on course toward accepting that low rates were
going to be here for awhile; the intractable federal debt can be serviced only
at low levels without doing something really, really stupid like cutting
out-of-control spending.
http://image.minyanville.com/assets/FCK_Jan2011/Image/JimE/Simongraph2.jpg
Where To Now?
Japan has had a much longer experience with these low rates and one attempt,
between November 2005 and July 2006, to start moving away from them. One major
difference between the U.S. and Japan here is that their perma-expectations
started to disappear in a rising short-term rate environment; our rates have
yet to rise. Still, the Japanese attempt failed as the hint of higher interest
rates caused yen carry trades
to start unwinding around the world. Once low interest rates become embedded in
an economy, they are very hard to increase without stress.
Despite the failures of QE1 and QE2 and the impending failure of whatever they
announce next, the Federal Reserve has convinced itself they are doing
something right. How would “They never learned from their mistakes” look on
their tombstone?’
Is This the End of the Money-Printing Era? Howard Simons Dec 01, 2010 ‘If monetary
stimulus ends and we start recognizing losses rather than trying to roll them
forward, we can lay the foundation for a new era of prosperity. [Note the date
and hence Simons’ wisdom! Yet, the postponement / delay has substantially
impaired that ‘prosperity part’ going forward.]
‘Of all the negative human emotions, the
feeling you have been had is one of the worst. We all have heard the adage,
“Fool me once, shame on you; fool me twice, shame on me,” and if I had a nickel
for every time I have heard “Won’t Get Fooled Again,” both former President
Bush and I would have a lot of nickels.
Well, it is red-face time: Even though the Federal Reserve has been on a
mission-from-wad since August 17, 2007, the date when they executed a premarket
rate cut in the target federal funds rate, to 6.00%, and even though they had
already executed QE1 and were three months away from hinting at QE2, they
managed to drive short-term interest
rates unexpectedly low by the end of July. This is after I
wrote, Short-Term Interest Rates No Longer Unexpectedly Low in
May.
Let’s update that piece in light of what I have to admit was, in technical
terms, a pretty good stunt on their part. First, a review: If we take the
forward rate of LIBOR between six and nine months (FR6,9); that is,
the rate at which we can lock in borrowing for three months starting six months
from now, we have the market’s hedgeable measure of where rates will be. I
cannot emphasize strongly enough that this is not an interest
rate forecast, but a rate at which two parties can do
business and presumably both make a profit given this locked-in rate. This can
be compared to what the actual three-month rate was six months later.
That “expectations gap” is depicted in the roseate columns below. The December
2008 and March 2009 dates when the US first went to zero interest rates and
quantitative easing, respectively, are marked with orange and violet vertical
lines; both the July 30 and the last datum are highlighted with bright-red
columns.
http://image.minyanville.com/assets/FCK_May2009/Image/LisaCatch%20September2010/plainsight.jpg
The chart above is done at a weekly frequency and is long-term to demonstrate
how unusual the last two years have been in the ability of three-month rates to
trade
well below the market’s expectations from six months ago. Let’s shorten the
time frame and move to a daily frequency.
http://image.minyanville.com/assets/FCK_May2009/Image/LisaCatch%20September2010/plainsight2.jpg
Two points are marked in black on this chart, one in mid-July when I identified
the market’s demand for lower short-term interest rates and the
August 27, 2010 date of Ben Bernanke’s Jackson Hole speech promising new asset
highs if he could drive money to new lows.
The market took the bait, as we all know, and rallied strongly into the actual
announcement of QE2 whereupon a large number of FOMC officials and foreign
poo-bahs started wandering around like the somnambulant Lady Macbeth or Alec
Guinness’ Colonel Nicholson in The Bridge on the River Kwai wondering,
“What have I done?”
You counterfeited the US dollar to a fare-thee-well, that’s what you have done.
Didn’t you think about this beforehand?
We have seen twice in the past two years how mainlining some high-grade
monetary heroin can lead to higher returns for risky assets; this should be
about as surprising as learning nitroglycerin can be noisy when handled
improperly. Now that we are into QE2 and our friends in the European Monetary
Union are about to reprise their May stunt of backstopping Greece by
backstopping Ireland -- it will take them a long time to form a circle, sing kumbaya
in their various languages and have each of the 16 members of the euro rescued
in turn -- we have to wonder if we are at last at the end of the line for
monetary stimulus. Methinks we are.
The implications are not as dire as they may sound. If the end of the
printing-press era means we do what we should have started doing in 2007 --
recognizing losses rather than trying to roll them forward -- we can lay the
foundation for a new era of prosperity. It would be the right thing to do.’
IMF
Cuts Global Growth Outlook, Warns About U.S. Deficits, Euro Banks at Forbes ‘The International Monetary Fund dialed back
its outlook for the global economy Tuesday, and now projects
worldwide growth of 4% in 2011 and 2012, down from 5% in 2010.
Some slowdown was
anticipated, but the IMF expected it to come from an unwind of the
unprecedented stimulus efforts launched to counteract the financial crisis over
the last three years. Instead, “a barrage of economic shocks in 2011
combined with other factors for a worse than anticipated outcome.”
Chief economist Olivier
Blanchard warned that “strong policies are urgently needed to improve the
outlook and to reduce the risks,” and the IMF said the economy is in “a
dangerous new phase” marked by weaker activity and a sharp decline in
confidence.
Gallery:
The IMF’s 2012 Growth Forecast
Tuesday’s report comes
as the Federal Reserve begins a two-day meeting at which Chairman Ben Bernanke
is likely to meet resistance if he pushes for further intervention along the
lines of additional Treasury purchases, following an August meeting that saw
three dissents from the central bank’s decision to target a 0% benchmark
interest rate until mid-2013.
Meanwhile, European leaders
are still trying to find a solution that will keep Greece from defaulting and
keeping the debt crisis outside of core Europe. (See “Europe Needs A TARP.”)
One could be forgiven if
it seems like pundits and policymakers are talking out of both sides of their
mouth, urging further aid for scuffling economies while at the same time
preaching that countries need to get religion on long-term debts.
Gallery:
The IMF’s 2012 Growth Forecast
The IMF offered its view
on the forceful actions that policymakers in developed economies should
undertake:
• In the euro area, banks must be made
stronger, not only to avoid deleveraging and maintain growth, but also, and
more importantly, to reduce risks of vicious feedback loops between low growth,
weak sovereigns, and weak banks. This requires additional capital buffers, from
either private or public sources.
• The top priorities in
the United States
include devising a medium-term fiscal consolidation plan to put public debt on
a sustainable path and to implement policies to sustain the recovery, including
by easing the adjustment in the housing and labor markets. The new American
Jobs Act would provide needed short-term support to the economy, but it must be
flanked with a strong medium-term fiscal plan that raises revenues and contains
the growth of entitlement spending.
• In Japan, the government should
pursue more ambitious measures to deal with the very high level of public debt
while attending to the immediate need for reconstruction and development in the
areas hit by the earthquake and tsunami.
The updated forecast
anticipates U.S. growth of just 1.5% in 2011 and 1.8% in 2012, with euro area
growth of 1.6% this year falling to 1.1% next year. Emerging and developing
economies will also grow slower than previously anticipated, but remain the
workhorses of global growth, the IMF anticipates. China is expected to grow at
a better than 9% clip this year and next, while Brazil is expected to maintain
annual growth better than 3.5%.
Gold shot higher on the IMF’s sober growth outlook, adding $24.50 to $1,803.40
an ounce. U.S. stocks righted themselves after a choppy start, buy fell from
their best levels of the day in the final hour of trade with the Dow Jones
industrial average up 57 points to 11,458 and the S&P 500 2 points higher
at 1,206. The Nasdaq slipped into the red, down 16 points, to 2,597.
Gallery:
The IMF’s 2012 Growth Forecast
Financial stocks, a
major drag on the market seemingly every time there is a negative headline out
of Europe, sank as the broader market pulled back. Bank of America, JPMorgan Chase and Morgan Stanley surrendered earlier gains, while Wells Fargo and American Express held onto gains better than 1.75%.
http://blogs-images.forbes.com/steveschaefer/files/2011/09/IMF-Growth-Outlook.jpg ‘
Morning Snapshot Sep 20th, 2011 08:32 by News (USAGOLD) — ‘..The IMF slashed
both global and US growth expectations this morning: The IMF now believes the
global economy will grow just 4% this year and next, a negative revision from
their June estimates of 4.3% for 2011 and 4.5% next year. IMF cut its US growth
forecasts to 1.5% for this year, versus 2.5% previously and 1.8% for 2012,
versus 2.7% previously. The IMF’s confirmation of growth risks intensifies
expectations that the Fed will be forced to offer additional accommodations
when the 2-day FOMC meeting concludes tomorrow.
• US housing starts
-5.0% to 571k pace in Aug, well below market expectations of 593k, vs negative
revised 601k in Jul.
• Canada leading indicator flat in Aug, above market expectations of -0.1%, vs
+0.1% in Jul.
• Canada wholesale trade +0.8% in Jul, just above expectations, vs flat in Jun.
• Switzerland trade balance CHF0.8 bln in Aug, vs 2.825 bln in Jul.
• Sweden GDP – Final (sa) revised down to 0.9% in Q2, just below market
expectations, vs 1.0% previously.
• Italy industrial orders (sa) +1.8% m/m in Jul, vs 4.1% in Jun; 6.5% y/y.
• Germany PPI -0.3% m/m in Aug, below market expectations of 0.2%, vs 0.7% in
Jul; 5.5% y/y.
• Germany ZEW economic sentiment falls to -43.3 in Sep, below market
expectations, vs -37.6 in Jul; Current situation drops to 43.6 from 53.5.
• Japan leading index (revised) 2.6 m/m in Jul, vs 2.7 previously.’
Eurozone
debt crisis threatens banks, rest of world: IMF Economic Times | The eurozone’s debt mountain
poses a threat to the world economy.
America’s
debt woe is worse than Greece’s Sep 21st, 2011 News (CNN) — Our government is
utterly broke. There are signs everywhere one looks. Social Security can no
longer afford to send us our annual benefit statements. The House can no longer
afford its congressional pages. The Pentagon can no longer afford the pension
and health care benefits of retired service members. NASA is no longer planning
a manned mission to Mars. We’re broke for a reason. We’ve spent six decades
accumulating a huge official debt (U.S. Treasury bills and bonds) and vastly
larger unofficial debts to pay for Social Security, Medicare, and Medicaid
benefits to today’s and tomorrow’s 100 million-plus retirees. The government’s
total indebtedness — its fiscal gap — now stands at $211 trillion, by my arithmetic. [source]
$16
muffins, $8 coffee served in Justice audit
Holders of Sovereign Debt
Sep 21st, 2011 News by
Global Macro Monitor (CreditWritedowns.com) — Here’s a great chart just released
by the International Monetary Fund. Note that almost half — 47 percent – of the
US$14.7 trillion U.S. federal government debt is held by the Federal Reserve
and the government itself, such as the Social Security trust fund. Add to that
the 22 percent foreign official holdings (mainly central banks) and almost 70
percent of the debt of the U.S. government is held by non-market/non-profit
oriented investors. Stunning! [source]
http://www.albertpeia.com/holders-of-sovereign-debt.jpg
PG View: I would argue
that “non-market/non-profit oriented investors” own the vast majority of
government debt, because the risk/reward ratios have been so grossly distorted
by government and central bank interventions that real investors have no
interest is such assets. And it sure looks like official efforts to continue
mispricing risk are going to continue.
U.S.
Household Worth Declines by $149 Billion Sep 16th, 2011 14:32 by News (Bloomberg) — ‘ Household wealth
in the U.S. dropped in the second quarter for the first time in a year, hurt by
falling share prices and declining home values.Net worth for households and
non-profit groups decreased by $149 billion, a 1 percent drop at an annual
pace, to $58.5 trillion, the Federal Reserve said today in its flow of funds
report from Washington. It rose at a 7.4 percent rate in the previous three
months. Housing wealth decreased for a fourth consecutive quarter from April to
June. [source]
US
taxpayers could be on hook for Europe bailout Sep 16th, 2011 13:01 by News (MSNBC) — The U.S. is coming to
Europe’s financial rescue.So far, America’s role is fairly limited. But if the
crisis continues to grow and the U.S. takes on a wider role, U.S. consumers and
taxpayers could feel a bigger impact. The biggest exposure could come from
America’s status as the single largest source of money for the International
Monetary Fund.The latest round of American financial assistance came Thursday
with a promise by the Federal Reserve to swap as many dollars for euros as
European bankers need. In the short run, those transactions won’t have much
impact because the central banks are simply swapping currencies of equal value.
If the move helps avert a wider crisis, it could help spare the global economy
from another recession.But over the long term, consumers could feel the impact
of central bankers flooding the financial system with cash, according to John
Ryding, chief economist at RDQ Economics.[source]
A Band-Aid for a
cancer patient Sep 16th, 2011 12:48 by News (papermoneycollapse.com) — This was another hectic
week for financial markets, and nerves were calmed somewhat over the past 24
hours with another liquidity injection from the central banks – this time the
provision of dollars from the U.S. Fed channelled through a few other central
banks, most importantly the ECB. This is certainly not a solution but again the
doctoring of symptoms. Pumping ever more fiat money into the system to avoid –
or rather postpone – a much needed recalibration will not solve the underlying
malaise. Four years into the crisis the banks still need emergency funding.
That is a damning indictment that financial structures are far from
sustainable.…A default of Greece now appears very likely. This is a positive
development. Positive as it points toward shrinkage – toward smaller debt,
toward a smaller Greek state, toward an important lesson for banks: Don’t think
that lending to the state is without risk!…The biggest risk to the euro is not
a Greek default but the markets waking up to the bleak long-term outlook for
the solvency of the core, Germany and France.…Thus, we will get some
liquidation (Greek debt) but also some re-liquefying (big banks). It will not
be the end of the euro – but not the end of the financial crisis either.[source]
PG View: I concur with this assessment. The contingency plan
to protect the German banks is presumably in place. Liquidity lines have been
established. Payment of the next bailout tranche for Greece has been
forestalled until October. Seems like Greece is about to get pitched under the
bus…
Consumer
Hope for Future Hits Lowest Level Since 1980 Sep 16th, 2011 10:52 by News (CNBC). [source]
China
to ‘liquidate’ US Treasuries, not dollars Sep 16th, 2011 10:21 by News By Ambrose Evans-Pritchard (The
Telegraph) — The debt markets have been warned.A key rate setter-for China’s
central bank let slip – or was it a slip? – that Beijing aims to run down its portfolio of US debt as
soon as safely possible.“The incremental parts of our of our
foreign reserve holdings should be
invested in physical assets,” said Li Daokui at the World
Economic Forum in the very rainy city of Dalian – former Port Arthur from Russian
colonial days.“We would like to buy stakes in Boeing, Intel, and Apple, and
maybe we should invest in these types of companies in a proactive way.”“Once the US Treasury market stabilizes we can
liquidate more of our holdings of Treasuries,” he said.[source]
PG View: Out of US Treasuries and into more “physical
assets.” Physical assets like gold perhaps?
Europe
Ministers Rule Out Stimulus, Offer No Bank Aid Sep 16th, 2011 09:49 by News (Bloomberg) — ..
PG View: Basically, another meeting with no substantive
moves to alter the course that Europe is on. There will be no fiscal stimulus.
We’re going to defer any decision on Greece until next month, when the country
will be once again on the precipice of default.
The Fed’s shadow TARP News by Sen. Jim DeMint August 31 (Politico) — ‘In the
run-up to the financial crisis, the Federal Reserve fueled the housing bubble
with its easy money policy. Now, we know that after the crisis struck, the Fed
secretly propped up elite bankers all the way from Wall Street to Brussels to
the Central Bank of Libya.A Bloomberg news investigation found that while the
Treasury Department was pumping $700 billion into banks under the Troubled
Asset Relief Program, the Fed was covertly operating its own bailout program –
the biggest in American history. The Fed’s Shadow TARP issued $1.2 trillion in
loans to domestic and foreign banks from 2007 to 2010, far more than Congress
authorized Treasury to spend under TARP.…Congress eventually approved a partial
audit that showed the Fed extended an incredible $16 trillion – more than the entire U.S. economy – in aggregate
lending authority to foreign and domestic banks from the end of 2007 to the
middle of 2010…After the second round of quantitative easing was announced,
Chinese Vice Finance Minister Zhu Guangyao said America “does not recognize, as
a country that issues one of the world’s major reserve currencies, its
obligation to stabilize capital markets.”German Finance Minister Wolfgang
Schaeuble was more blunt, calling the Fed “clueless.” [source]’
Global
Recession Likely, Depression Possible: Economist Aug 31st, 2011 by News (CNBC) — ‘Global recession in 2012 is “65 to 75
percent certain” and could deteriorate into a lengthy depression, Roger
Nightingale, economist and strategist at RDN Associates, told CNBC.The peak
rate of growth for the world’s economy occurred more than 12 months ago and “it
carries on going down,” Nightingale said. “We are probably going into negative
territory around spring of next year; it is not for certain, but that is the
most likely scenario. I would say the recession is 65 percent, 75 percent certain.”The
economist warned that should recession kick in, the global economy might be too weak to
generate any GDP growth for years, or even decades.’
Morning Snapshot News August 31 (USAGOLD) — ‘Gold is modestly lower this
morning, but still generally well bid amid rising expectations that the Fed is
preparing to ease once again. The St. Louis Fed’s Bullard was hinted in the
Japanese press that the Fed may indeed embark on QE3, depending on upcoming
data. Bullard added a caveat, saying that it should be confirmed that inflation
has eased first. These comments come on the heals of very dovish Fedspeak by Chicago
Fed’s Evans on Tuesday.
Today’s weaker that
expected ADP employment index may further temper expectations for Friday’s
August nonfarm payrolls report. Consensus is running around +93k, following the
+117k print for Jul. The unemployment rate is expected to remain unchanged at
9.1%.
• US ADP employment
index rose 91k in Aug, below market expectations of 100k, vs negative revised
109k in Jul.
• Canada Q2 GDP -0.4%, below market expectations of +0.1%, vs +3.6% in Q1. GDP
+0.2% in Jun, vs -0.3% in May.
• UK GfK consumer confidence fell to -31 in Aug, above market expectations of
-33, vs -30 in Jul.
• Italy CPI – EU Harmonized (prelim) rose to 2.2% y/y in Aug; +0.3% m/m.
• Italy PPI rose to 4.7% y/y in Jul, vs 4.3% in Jun; +0.3% m/m.
• German retail sales unch m/m in Jul, better than market expectations of
-2.0%, vs big downward revision to 4.5% in Jun; -1.6% y/y.
• German unemployment rate unchanged at 7.0% (sa) in Aug, in-line with
expectations.
• Eurozone unemployment rate unchanged in Jul at 10.0%, above market
expectations, vs upward revised 10.0% in Jun.
• South Korea industrial production +3.8% y/y in Jul, vs 6.5% in Jun.
• Japan industrial production (prelim) +0.6% m/m (sa) in Jul, well below market
expectations, vs 3.8% in Jun.
• Japan Markit/JMMA PMI falls to 51.9 in Aug, vs 52.1 in Jul.
• Japan construction orders +5.7% y/y in Jul, vs +6.0% in Jun.
Most of the worst
financial panics in history have happened in the fall. Just recall what
happened in 1929, 1987 and 2008. Well, September 2011 is about to begin
and there are all kinds of signs that the financial world is about to hit the
big red panic button. Wave after wave of bad economic news has come out
of the United States recently, and Europe is embroiled in an absolutely
unprecedented debt crisis. At this point there is a very real possibility
that the euro may not even survive. So what is causing all of this?
Well, over the last couple of decades a gigantic debt bubble has fueled a
tremendous amount of “fake prosperity” in the western world. But for a
debt bubble to keep going, the total amount of debt has to keep expanding at an
ever increasing pace. Unfortunately for the global economy, sources of
credit are starting to dry up. That is why you hear terms like “credit
crisis” and “credit crunch” thrown around so much these days. Without
enough credit to feed the monster, the debt bubble is going to burst. At
this point, virtually the entire global economy runs on credit, so when this
debt bubble bursts things could get really, really messy.
Nations and financial
institutions would never get into debt trouble if they could always borrow as
much money as they wanted at extremely low interest rates. But what has
happened is that lending sources are balking at continuing to lend cheap money
to nations and financial institutions that are already up to their eyeballs in
debt.
For example, the yield
on 2 year Greek bonds is now over 40 percent. Investors don’t trust the
Greek government and they are demanding a huge return in order to lend them
more money.
Throughout the financial
world right now there is a lot of fear. Lending conditions have gotten
very tight. Financial institutions are not eager to lend money to each
other or to anyone else. This “credit crunch” is going to slow down the
economy. Just remember what happened back in 2008. When easy credit
stops flowing, the dominoes can start falling very quickly.
Sadly, this is a cycle
that can feed into itself. When credit is tight, the economy slows down
and more businesses fail. That causes financial institutions to want to
tighten up things even more in order to avoid the “bad credit risks”.
Less economic activity means less tax revenue for governments. Less tax
revenue means larger budget deficits and increased borrowing by
governments. But when government debt gets really high that
can cause huge economic problems like we are witnessing in Greece right
now. The cycle of tighter credit and a slowing economy can go on and on
and on.
I spend a lot of time
talking about problems with the U.S. economy, but the truth is that
the rest of the world is dealing with massive problems as well right now.
As bad as things are in the U.S., the reality is that Europe looks like it may
be “ground zero” for the next great financial crisis.
At this point the EU
essentially has three choices. It can choose much deeper economic
integration (which would mean a huge loss of sovereignty), it can choose to
keep the status quo going for as long as possible by providing the PIIGS with
gigantic bailouts, or it can choose to end of the euro and return to individual
national currencies.
Any of those choices
would be very messy. At this point there is not much political will for
much deeper economic integration, so the last two alternatives appear
increasingly likely.
In any event, global
financial markets are paralyzed by fear right now. Nobody knows what is
going to happen next, but many now fear that whatever does come next will not
be good.
The following are 25
signs that the financial world is about to hit the big red panic button….
#1 According to a new study just released by Merrill
Lynch, the U.S. economy has an 80% chance of going into another
recession.
#2 Will Bank of America be the next Lehman
Brothers? Shares of Bank of America have fallen more than 40% over the past couple of
months. Even though Warren Buffet recently stepped in with 5 billion
dollars, the reality is that the problems for Bank of America are far from
over. In fact, one analyst is projecting that Bank of America is going to
need to raise 40 or 50 billion dollars
in new capital.
#3 European bank stocks have gotten absolutely hammered in recent
weeks.
#4 So far, major international banks have announced
layoffs of more than 60,000 workers,
and more layoff announcements are expected this fall. A recent
article in the New York Times
detailed some of the carnage….
A new wave of layoffs is emblematic of this shift as nearly
every major bank undertakes a cost-cutting initiative, some with names like
Project Compass. UBS has announced 3,500 layoffs, 5 percent of its staff, and
Citigroup is quietly cutting dozens of traders. Bank of America could cut as
many as 10,000 jobs, or 3.5 percent of its work force. ABN Amro, Barclays, Bank
of New York Mellon, Credit Suisse, Goldman Sachs, HSBC, Lloyds, State Street
and Wells Fargo have in recent months all announced plans to cut jobs — tens of
thousands all told.
#5 Credit markets are really drying up. Do you remember
what happened in 2008 when that happened? Many are now warning that we
are getting very close to a repeat of that.
#6 The Conference Board has announced that the U.S.
Consumer Confidence Index fell from 59.2 in July to 44.5 in August. That is
the lowest reading that we have seen since the last recession ended.
#7 The University of Michigan Consumer Sentiment Index
has fallen by almost 20 points over the
last three months. This index is now the lowest it has beenin 30 years.
#8 The Philadelphia Fed’s latest survey of regional
manufacturing activity was absolutely nightmarish….
The survey’s broadest measure of manufacturing conditions, the
diffusion index of current activity, decreased from a slightly positive reading
of 3.2 in July to -30.7 in August. The index is now at its lowest level since
March 2009
#9 According to Bloomberg,
since World War II almost every time that the year over year change in real GDP
has fallen below 2% the U.S. economy has fallen into a recession….
Since 1948,
every time the four-quarter change has fallen below 2 percent, the economy has
entered a recession. It’s hard to argue against an
indicator with such a long history of accuracy.
#10 Economic sentiment is falling in Europe as
well. The following is from a recent Reuters article….
A monthly European Commission survey showed economic sentiment
in the 17 countries using the euro, a good indication of future economic
activity, fell to 98.3 in August from a revised 103 in July with optimism
declining in all sectors.
#11 The yield on 2 year Greek bonds is now an
astronomical 42.47%.
#12 As I wrote about recently, the European
Central Bank has stepped into the marketplace and is buying up huge amounts of
sovereign debt from troubled nations such as Greece, Portugal, Spain and
Italy. As a result, the ECB is alsomassively overleveraged at
this point.
#13 Most of the major banks in Europe are also leveraged to the hilt
and have tremendous exposure to European sovereign debt.
#14 Political wrangling in Europe is threatening to
unravel the Greek bailout package. In a recent article, Satyajit Das described what has been going on behind
the scenes in the EU….
The sticking point is a demand for collateral for the second
bailout package. Finland demanded and got Euro 500 million in cash as security
against their Euro 1,400 million share of the second bailout package. Hearing
of the ill-advised side deal between Greece and Finland, Austria, the
Netherlands and Slovakia also are now demanding collateral, arguing that their
banks were less exposed to Greece than their counterparts in Germany and France
entitling them to special treatment. At least, one German parliamentarian has
also asked the logical question, why Germany is not receiving similar
collateral.
#15 German Chancellor Angela Merkel is trying to hold
the Greek bailout deal together, but a wave of anti-bailout “hysteria” is
sweeping Germany, and nowaccording to
Ambrose Evans-Pritchard it looks like Merkel may not have enough votes to
approve the latest bailout package….
German media reported that the latest tally of votes in the
Bundestag shows that 23 members from Mrs Merkel’s own coalition plan to vote
against the package, including twelve of the 44 members of Bavaria’s Social
Christians (CSU). This may force the Chancellor to rely on opposition votes,
risking a government collapse.
#16 Polish finance minister Jacek Rostowski is warning
that the status quo in Europe will lead to “collapse“.
According to Rostowski, if the EU does not choose the path of much deeper
economic integration the eurozone simply is not going to survive much longer….
“The choice is: much deeper macroeconomic integration in the
eurozone or its collapse. There is no third way.”
#17 German voters are against the introduction of
“Eurobonds” by about a 5 to 1 margin,
so deeper economic integration in Europe does not look real promising at this
point.
#18 If something goes wrong with the Greek bailout,
Greece is financially doomed. Just consider the following excerpt
from a recent article by
Puru Saxena….
In Greece, government debt now represents almost 160% of GDP and
the average yield on Greek debt is around 15%. Thus, if Greece’s debt is rolled
over without restructuring, its interest costs alone will amount to
approximately 24% of GDP. In other words, if debt pardoning does not occur,
nearly a quarter of Greece’s economic output will be gobbled up by interest
repayments!
#19 The global banking system has a total of 2 trillion dollars of exposure to Greek, Irish,
Portuguese, Spanish and Italian debt. Considering how much the global
banking system is leveraged, this amount of exposure could end up wiping out a
lot of major financial institutions.
#20 The head of the IMF, Christine Largarde, recently
warned that European banks are in need of “urgent recapitalization“.
#21 Once the European crisis unravels, things could move
very rapidly downhill. In a recent article, John
Mauldin put it this way….
It is only a matter of time until Europe has a true crisis,
which will happen faster – BANG! – than any of us can now imagine. Think Lehman
on steroids. The U.S. gave Europe our subprime woes. Europe gets to repay the
favor with an even more severe banking crisis that, given that the U.S. is at
best at stall speed, will tip us into a long and serious recession. Stay tuned.
#22 The U.S. housing market is still a complete and
total mess. According to a recently released report, U.S. home
prices fell 5.9% in the second quarter compared
to a year earlier. That was the biggest decline that we have seen since
2009. But even with lower prices very few people are buying.
According to the National Association of Realtors, sales of previously owned
homesdropped 3.5 percent during
July. That was the third decline in the last four months. Sales of
previously owned homes are even lagging behind last year’s pathetic pace.
#23 According to John Lohman, the decline in U.S.
economic data over the past three months has been absolutely unprecedented.
#24 Morgan Stanley now says that the U.S. and Europe
are “hovering
dangerously close to a recession” and that there is a good chance we could
enter one at some point in the next 6 to 12 months.
#25 Minneapolis Fed President Narayana Kocherlakota says
that he is so alarmed about the state of the economy that he may drop his opposition to
more monetary easing. Could more quantitative easing by the Federal
Reserve soon be on the way? …’
If
We Punished Executives the Way China Does, We Wouldn't Have Any Left
Minyanville Justin
Rohrlich [ I think we should consider this approach, starting with the
frauds on wall street, which of course in the sense of ‘all roads lead to’,
will unearth other criminals deserving of such treatment since their corruption
has had ‘life/death’ effects on the general populace through no fault of their
own!] ‘Here in the United States, we've certainly gotten far more than we ever
bargained for when it comes to corruption in the collective C-suite.
A few have been punished. Many have not. In China, though, they kill their
Dennis Kozlowskis.
Yesterday, Li Hua, former chairman and general manager of the Sichuan division
of China Mobile (CHL),
was sentenced to death for accepting more than $2.5 million in
bribes.
The Intermediate People’s Court in the southwestern city of Panzhihua handed
down the verdict with a two-year reprieve, meaning if Li behaves himself, he could
skate with a mere slap on the wrist -- life in prison.
The New York Times points out that the "same type of sentence was
handed down last month for one of the company’s other former executives, Zhang
Chunjiang, who once served as vice chairman of China Mobile,” which also
included “the confiscation of his personal assets and the removal of his
political rights.”
He was convicted of accepting more than $1.15 million in bribes while working
at a series of state-run telecom companies from 1994 to 2009. At least six
other executives from China Mobile are under investigation in corruption cases. (It may be
worth noting that last week, China Mobile revealed that it “met several times with Steve Jobs to talk about Apple (AAPL)
making an iPhone that would support its
proprietary 3G standard." Currently, China Unicom (CHU) is the
only carrier in China offering the device. )
When Chen Tonghai, former chairman of Sinopec (SNP),
was sentenced to death for bribery in 2009, he was also granted a two-year
reprieve after confessing to his crimes. According to state-run news service Xinhua, the court cut
Chen a break of sorts, stating that for "crimes involving 'extremely large
sums of money,' the suspects should be sentenced to death, but 'if they confess
or contribute to the handling of relevant cases, they should not get an immediate
death penalty in principle.'"
"Chen Tonghai's sentence is a result of people's court's criminal policies
and reflects both severe punishment of corruption and the policy of tempering
justice with mercy," Xinhua said.
But, Chinese justice lacks a particularly even hand. State-run news service Xinhua explains why certain executions are performed more
hastily than others:
Corrupt officials, such
as former vice-chairman of the Standing Committee of the National People's
Congress Cheng Kejie who was executed in September 2000, former vice governor
of Anhui Province Wang Huaizhong who was given a lethal injection in February
2004, and former food and drug administration head Zheng Xiaoyu, executed in
July 2007, got immediate death sentences because they "refused to plead
guilty" and their bribe-taking "caused extremely serious social
impact.”
This spring, China revised the law, when authorities deemed 13 non-violent
economic offenses to no longer be executable crimes, though Amnesty
International called it "legal housekeeping," as the
infractions were “all… seldom if ever punished by execution” to begin with.
Andrew Yang of the Laogai Research
Foundation -- established in 1992 by Harry Wu, a democracy activist and
survivor of the laogai, China’s system of forced-labor prison camps -- provided
us with a translation of the official list (which just so happens not to
include bribery):
And finally, simple
“theft.”
However, the Chinese leadership doesn’t rely solely on the legal system to
control the business community at large.
From Russell Lee Moses, writing for the Wall Street Journal’s China Real Time Report:
After weeks of taking
jabs to the chin from an angry microblogging public, leading forces in the
[Chinese Communist] Party have decided to punch back. Politburo member Liu Qi
visited the Beijing offices of Sina.com’s (SINA)
popular microblogging service Weibo earlier this week and impressed upon the
staff there the need for “the Internet’s healthy development”—code words for
staying away from topics which attack the rule of the Communist Party or hold
officials up for public ridicule.
[…]
Liu’s strong-arm visit follows a series of admonitions in the Party media,
warning journalists to get back into the government fold and to play the role
of conveying to a skeptical society that cadres care.
The hardline view, expressed in a recent article posted in the “People’s Forum”
run by the official People’s Daily, is that microblogging is best confronted,
not by embracing it as a way for the public to supervise the Party, but by the
Party’s “use [of] the mass media to tell the truth.”
By all accounts, corruption is so thoroughly ingrained in the operating culture
of Chinese officialdom, the roles in this situation seem to be comically
reversed.
“There is really no way to control the corruption among Chinese officials,”
Yang told me in a telephone interview. “If bribery was not punishable by death,
corrupt officials would be even bolder in grabbing the public’s wealth. And
without a free press, the behavior of officials cannot be monitored, so
corruption simply runs wild.”
James H. Zimmerman, Jr., Amnesty International's Country Specialist for China,
says the execution of government officials for bribery “is fairly common.”
In an email message, Zimmerman pointed out that “most have been politically
isolated, so they have no one coming to their defense.”
The majority of China’s citizenry certainly isn’t.
As explained by Teng Biao of China’s Economic Observer (and
translated by Worldcrunch.com), “China is the global leader for the number of
corrupt officials who are sentenced to death, and actually executed each year.
But, judging by the seemingly endless ‘public demand’ for this kind of
punishment and the surging popular anger, it would seem that there is actually
not enough of it.”
And Joshua Rosenzweig, former senior researcher at the Di Hua Foundation, a
human rights organization based in San Francisco and Hong Kong, told the Washington Post that “there still is a very
strong sense that corrupt officials must die among the Chinese population at
large. The revulsion for that offense is so strong that there would be a
potential political cost to eliminating the death penalty for corruption."
Not altogether surprisingly, the specter of death doesn’t necessarily act as a
deterrent.
In 2009, a six-year old schoolgirl in southern China was asked by a
television reporter what she wanted to become when she grew up.
"When I grow up I want to be an official," she replied.
"What kind of official?" asked the interviewer.
"A corrupt official because corrupt officials have a lot of things,"
she said.’
BofA
Warns Upcoming “Desperate Measures” By Authorities Will Result In Another 2008
Market Collapse Zero Hedge |
New
national debt data: $4.247 Trillion in 945 days L.A. Times
Home
sales approach worst point in half a century Bloomberg
Bloomberg
reveals massive corruption in the private Federal Reserve Madison Ruppert
In
Baltimore, homes for $10,000 — and less Baltimore Sun | Housing prices continue to fall through
much of the region.
Social
Security disability on verge of insolvency
MKM Bracing For SPY To Drop 8% More; Nasdaq Nearing August Lows at Barrons.com Murray Coleman ‘Stocks continue to slump today, reeling from a raft of ugly data and growing concerns about European sovereign debt. But how far lower can ETFs tracking key benchmarks slide? MKM Partners’ technical analyst Katie Stockton sees a range around $110 a share for the SPDR S&P 500 ETF (SPY) as the next level of support. That would represent about a 3-4% drop from current levels. SPY most recently was trading down 4.6% at $114.09 a share. “I do expect that level ($110) to be re-tested in coming weeks,” Stockton said in an interview, noting that level had been tested early last week and held. The problem is that her indicators show that blue chip U.S. stocks still could have a ways to go. “The market doesn’t appear oversold at this point, so the market looks like it could go lower,” Stockton said. Perhaps the most important level for SPY is the February 2010 low of $105 a share, roughly 8% below current levels. “That level hasn’t been broken on a decisive basis yet,” Stockton noted. “That’s the number we’re really keeping a close eye on after what’s taken place today.” Meanwhile, the tech-heavy Nasdaq’s near-term backdrop looks just as volatile, notes Michael Ashbaugh in his Technical Trader investment letter. With Thursday’s downturn, the benchmark has knifed straight through initial support at 2,493 placing it back within August-crash territory. In the near-term, the veteran technician expects to see modest support at around 2,357 — its August closing low. That’s around 0.6% from where the index’s trading at now.’
Stocks
Plunge, Gold Surges on Global Concern Aug 18th, 2011 14:30 by News (Bloomberg) — ‘Stocks plunged
while Treasuries rallied, pushing yields to record lows, amid growing signs the
economy is slowing and speculation that European banks lack sufficient capital.
Gold climbed to a record, while oil led commodities lower.
The Standard & Poor’s 500 Index tumbled 4.5 percent to 1,140.74 at 4 p.m.
in New York. The Stoxx Europe 600 Index lost 4.8 percent in its worst plunge
since March 2009 and Germany’s DAX Index slid 5.8 percent, the most since 2008.
Ten-year Treasury yields fell as much as 19 basis points to 1.97 percent as
rates on similar-maturity Canadian and British debt also reached all-time lows.
The dollar gained versus 15 of 16 major peers, strengthening 0.6 percent to
$1.4336 per euro. Gold futures rallied as much as 2.1 percent to $1,832 an ounce,
while oil slid 5.9 percent.’ European
Shares Fall Most Since March 2009 Aug 18th, 2011 12:01 by News (CNBC) — ‘European equities
suffered their biggest daily fall in two and a half years on Thursday, as a
slew of data cast further doubt on the strength of the recovery in the world’s
biggest economy. German shares lost most, with traders citing the effects of a
short-selling ban on financial stocks in other parts of Europe and intensifying
worries about politicians’ lack of a plan to address the euro zone sovereign
debt crisis. The European banking sector, exposed to the euro zone debt crisis,
fell 6.6 percent and is down 29.7 percent this year.’
Jobless
Claims, Inflation Rise More Than Expected CNBC | New U.S. claims for
unemployment benefits rose more than expected last week. Chavez
Nationalizes Venezuela’s Gold Industry, Recalls Hundreds of Tons of Gold Held
Abroad, May Cause a Scramble for Physical Gold From JP Morgan and Others SEC
destroyed crucial probe data: senator AFP | The SEC may have destroyed documents related to
possible violations by major banks and hedge funds. World
stock markets plunge as fears of recession intensify guardian.co.uk Don’t
Swallow the FED’s $16 Trillion Suicide Pill Michael McKay | The Federal Reserve secretly kept the
Phony-Fiat-Money-System afloat by “lending” out $16 Trillion. GALLUP:
Americans satisfied with ‘the way things are going’ — 11%! Gallup | Americans’ satisfaction with
the way things are going in the United States has fallen back to 11%.
Stocks:
Mutual Fund Investors Hate Them the Most Since Oct. 2008 at The Wall Street Journal
Rick
Perry on Ben Bernanke: Fed Chairman's Money Printing Policies Are "Almost
Treasonous"at Minyanville
The
Loss of Momentum in the Markets All Too Apparent Now Bob Chapman
Venezuela Plans
to Move Reserve Funds Aug 17th, 2011 10:35 by News August 17 (The Wall Street
Journal) —‘ Venezuela plans to transfer billions of dollars in cash reserves
from abroad to banks in Russia, China and Brazil and tons of gold from European
banks to its central bank vaults, according to documents reviewed Tuesday by
The Wall Street Journal.The planned moves would include transferring $6.3
billion in cash reserves, most of which Venezuela now keeps in banks such as
the Bank for International Settlements in Basel, Switzerland, and Barclays Bank
in London to unnamed Russian, Chinese and Brazilian banks, one document said.Venezuela also plans to move 211 tons of gold it
keeps abroad and values at $11 billion to the vaults of the
Venezuelan Central Bank in Caracas where the government keeps its remaining 154
tons of bullion, the document says. PG
View: There have been plenty of reasons to question President
Chávez’s sanity in recent years, but seeking to lessen Venezuela’s dependence
on the dollar and removing assets, particularly their gold, from Western banks
is actually pretty prudent. It will be interesting to see how forthcoming those
Western banks will be in facilitating the repatriation of Venezuela’s gold.’ Chavez
Plans on Nationalizing Gold Industry Fox Business | “I have here the laws
allowing the state to exploit gold and all related activities.”
Putin
sets sights on Eurasian economic union Financial Times | Twenty years after
the Soviet Union collapsed, Vladimir Putin, the Russian prime minister, may
not, as is sometimes alleged, be trying to recreate it.
Putting
The Cart On Top Of The Horse, Or Why Heaping Fiscal “Stimulus” Upon “Stimulus”
Is Suicide For America Zero Hedge | Feeding the government monster is,
contrary to what Krugman and other Keynesians will tell you, in the current
regime of coincident monetary irrigation, an exercise in futility.
Merkel/Sarkozy
press conference: No chance of eurobond anytime soon. No expansion of ESFS.
Move toward common governance.
Financial transaction tax.
Aug 16th, 2011 10:37 by News
EUR rallied then retreated. Germany adds to
eurozone’s woes Aug 16th, 2011 10:13 by News August 16 (Financial Times) — German economic
growth slowed to a near standstill in the second quarter of this year, dealing
a further, unexpected blow to the crisis-hit eurozone.The surprisingly-sharp
deceleration in activity in Europe’s largest economy hit overall eurozone
growth and intensified fears about the global slowdown. It also threatened to
complicate the challenge facing the region’s policymakers as they seek to
combat its escalating debt crisis.
Stocks
Slip On Concern Over Europe's Debt, U.S. Data
Dell braces investors for a bumpy road 16 Aug 2011 Dell makes a case on why it can better weather an upcoming storm with more higher margin businesses...
Ron Paul on Texas Straight Talk: U.S. Government Debt Is
Becoming Worthless
How
Low Will Stocks Go? at
Minyanville By MoneyShow.com
Aug 12, 2011 ‘Up 500 points one day, down
500 the next. That’s the way the market is these days.
On Wednesday, the Dow Jones Industrial Average plummeted 520 points, erasing
all of Tuesday’s gains from the Federal Reserve’s decision to keep short-term
interest rates near zero. As of noon Thursday, it’s up about 250.
By Wednesday’s close, the Dow had lost 2,000 points, or more than 15% of its
value, since July 21. The S&P 500 and Nasdaq Composite indexes lost
slightly more during that time. All three are perilously close to the 20%
decline from the late April-early May top that many pundits (particularly in
the media) use as a rule of thumb to determine a bear market.
Unfortunately, I think stocks have still lower to go. How low? Later in this
column I’ll tell you what some respected technical analysts think.
But let’s start with the fundamentals.
First, the economy. Need I say more? Jobless figures were somewhat better in
June, but economists have revised downward their estimates of GDP growth.
Measures of consumer confidence are pretty weak.
And did anybody get the real message the Federal Open Market Committee put out
Tuesday? The economy is so sick, the Fed is willing to guarantee exceptionally
low rates for two years! I’ve never seen the Fed telegraph its moves so far in
advance, and the FOMC’s statement said over and over again how lousy the
economy is.
Meanwhile, the open rebellion by three voting FOMC members makes it highly
unlikely we’re going to see another round of quantitative easing anywhere near
as big as the last two.
Third, there’s the debt crisis. Everyone agrees the European Union just doesn’t
have the money to bail out Italy and Spain, its third and fourth largest
economies, if it comes to that. Rumors are swirling about the health of French
banks and the safety of France’s AAA rating.
And the debt-ceiling standoff here, which culminated in S&P downgrading the
US’s AAA credit rating, means more government action to “fix” the economy is
likely off the table.
So there’s no way President Obama will get much additional stimulus. He’s
desperately trying to extend unemployment benefits and the payroll tax holiday
for another year, but that looks pretty iffy at best. (You can read more from
me about the "end of the welfare state" on The Independent Agenda.)
Finally, there are earnings, which have been great. But we’re getting much
later in the cycle, and their momentum appears to be slowing. It’s hard for me
to see how earnings growth alone is going to power the market much higher when
everything else appears to be going in the opposite direction.
And while valuations are looking attractive by some measures, they don’t exist
in a vacuum, either.
So, where does that leave us? Four prominent technical analysts I contacted all
agreed: Stocks are heading lower, likely into a new bear market.
David Sneddon, head of technical analysis research at Credit Suisse in London,
said the 1,370.58 intraday high in the S&P we saw on May 2 was the likely
top. There’s critical technical support around 1,100, which is just about from
where the market bounced back this week. So far, we seem to be holding that.
The next level of technical support below that is at 1,020-1,022. “You’d have
to get below [1,000-1,010] to have a genuine bear market.”
Another London-based technician, Sandy Jadeja of City Index, who watches the
Dow, thinks that’s where we’re going.
A few weeks ago, he predicted the Dow would drop to 10,428, which it did. Now,
he told me by e-mail, “the rally that follows will be brief, and then lead to
another leg down to 9,673 and further.”
“Lows are not to be expected until 2012,” he concluded. “Next month is
critical. If we break the low of August in September, there is worse to come.”
Mark Arbeter, chief technical
analyst of Standard & Poor’s, said back in May and June that the bull
market was probably over, as I reported in this column. He hasn’t changed his position.
By e-mail, he said he “would look for some stabilization and a potential
short-term rally now that the S&P 500 has fallen into a major zone of chart
support…between 1,023 and 1,128.”
Ultimately he thinks the S&P could fall to 1,020, or maybe as low as 935.
That would be 15% below Wednesday’s close, and would definitely mark a new bear
market.
Michael Kahn, who writes the Getting Technical column for Barrons.com and the
QuickTakes Pro blog, has long argued we’re in a secular (long-term) bear
market, and he thinks the cyclical bull is over, too. Like Arbeter, he sees
1,010 to 1,050 as the next level of support for the S&P, and below that
930.
“I think it stops at 930 to make the 2000s-2010s follow the 1970s very
closely,” he wrote me by e-mail. That’s one decade for which investors have
little nostalgia.
The technicians are unanimous that stocks are going lower, though some are
looking for a strong rally that goes against the bearish trend. Arbeter doesn’t
expect that rally to go much beyond 1,250-1,260 before it sells off again.
Sneddon doesn’t think it’ll bounce much higher than 1,200.
“We’ve clearly seen a lot of technical damage done in a lot of markets,” he
told me. “I would be personally [inclined] rather to lighten up and reduce my
positions” on rallies.
That would be my position, too, if I hadn’t already taken profits and sold what
I wanted to a couple of months ago.
If you missed that chance, I wouldn’t sell in panic now, but would wait for
stocks to mount a rebound to sell off positions in riskier small-cap stocks
(which already may be in a bear market) and emerging markets, whose time in the
sun has come and gone. That also may be a good time to permanently reduce your exposure to equities.
But I certainly wouldn’t buy into a market like this with all its wicked swings
and uncertainties. Even mighty Goldman Sachs (GS)
lost money on 15 trading days in the second quarter! And John Paulson, the
hedge-fund genius who masterminded “the greatest trade ever” by shorting
subprime mortgages, has lost 31% so far this year in his largest fund.
If people like that who have the best information and technology are losing
money in this market, do you really think you’re going to beat them at their
own game?
There will be a time to buy again, but it’s not now. This market is heading
lower.’
Editor's Note: This article was written by Howard R. Gold, editor at large
for MoneyShow.com.
Five Reasons for the
Stock Market Crash and Zero Interest Rate 11 Aug 2011 Read more: Five Reasons for the Stock Market Crash and Zero Interest
Rate http://www.moneynews.com/StreetTalk/Stock-Market-Interest-Rate/2011/08/11/id/406976 ‘It’s said that the stock market climbs a
“wall of worry.” Because the stock market is trying to predict the future
success or failures of various companies, it sometimes gets things wrong.
Horribly, terribly wrong.
With the Dow Jones Industrial Average falling like a rock, with wild swings not
seen since the stock market crash of 2008, many investors are on the verge of
panic. It’s easy to see why. The Federal Reserve is committed to keeping
interest rates near zero until mid-2013 at the earliest. Those low interest
rates penalize investors on a fixed income who don’t want the risk of the stock
market.
Publisher’s Note: In an exclusive
interview presentation, Aftershock 2012, Robert Wiedemer outlines a dire
financial warning along with a comprehensive blueprint for economic survival.
Over one million Americans have seen the evidence and learned how to weather
the stock market, secure interest rates, and save their
financial future. Watch the video now.
But investors who
understand the reasons behind the latest decline in the stock market have
little to fear. Below are five reasons why the stock market is crashing right
now:
1) Current Debt Crisis in Europe and the United States
Between record high bond rates in Greece, Spain, Portugal and Ireland, the
eurozone has its hands full in dealing with too much debt relative to the size
of its various economies. As a result of the poor bond performance from these
countries, Europe is on the cusp of plunging into a banking crisis. Such a
crisis could send interest rates soaring for “prime” countries like France and
Germany, not to mention throw the continent into a recession.
Across the Atlantic, the United States isn’t faring much better. The recent
debt ceiling drama concluded at the 11th hour, with very little in the way of
true cuts. Instead, the government has promised to cut future growth, which may
or may not even occur. No wonder S&P downgraded U.S. debt!
Ultimately, it isn’t risky assets like stocks that cause economic problems.
Markets sell off when seemingly safe assets are suddenly recognized as
significantly riskier than they were once perceived.
2) United States Government Is at an Impasse
As part of the recent debt ceiling deal, Congress approved the creation of a
bipartisan super-committee comprised of 12 members to fast-track legislation.
The constitutionality of such a committee is dubious at best, but it’s just one
way for Washington lawmakers to pass off responsibility and avoid tough decisions.
It doesn’t end there. The Federal Reserve has tried two rounds of “quantitative
easing,” a scheme to buy up excess debt. The rationale was that it would get
the U.S. economy back on track. Instead, this plan juiced the returns of the
stock market, and sent gas prices and grocery costs soaring.
Meanwhile, Congressional Republicans are calling for the ouster of Treasury
Secretary Tim Geithner as a consequence of the U.S. losing its S&P AAA
credit rating.
In other words, it’s business as usual for the government: trying to fix a
crisis that’s largely the result of its own poor oversight, while avoiding any
responsibility for causing the problem in the first place.
3) U.S. Unemployment Is Running Over 15%!
As long as the U.S. economy isn’t creating enough new jobs, it will stagnate.
Although the unemployment rate has declined from the double-digit rates it hit
in 2009/2010, many astute individuals have noted that the latest unemployment
report is inaccurate.
Using the measurement for unemployment used by the government up until the
early 1980s, true unemployment is running over 15%!
Meanwhile, many thrown out of work have exhausted their unemployment benefits,
which in some cases lasted as long as 99 weeks. Once off unemployment, they
officially disappear from the official unemployed list, making the job market
appear better than expected.
Adding millions of jobs would be the best economic stimulus possible. It would
allow millions to loosen their belts and spend more, which would be a huge boon
across the entire economy.
Publisher’s Note: Author and esteemed
economist Bob Wiedemer accurately predicted these events more than four years
ago. Over one million Americans have seen the evidence and learned how to
weather the stock market, secure interest
rates, and save their financial future. Watch the video now.
4) United States Has No Economic Growth
Historically, the Federal Reserve has cut interest rates to increase economic
growth. That’s because lower interest rates make it easier for individuals to
borrow money to buy cars, houses, start small businesses and the like. However,
there’s been nearly no growth since the United States plunged into a recession
in 2008. And the Federal Reserve can’t cut rates any lower.
There’s no doubt in the minds of many market participants that more Fed easing
policies are on the way, especially after America’s first-quarter GDP was
revised from 1.9% to 0.4%.
The stock market’s moves are highly dependent on economic growth. If an
individual company can post huge growth numbers, its shares tend to go up, and
its shares tend to decline when growth stalls. When a country’s GDP is
stagnant, investors don’t know what to expect. Hence the recent stock market
plunge, as economic data may suggest that another recession is upon us.
5) No Housing Recovery
The stock market crash of 2011 is starting to resemble the stock market crash
of 2008 in one key way: Bank stocks are leading the decline. Since the start of
August, banks deemed “too big to fail” like Citigroup and Bank of America have
sold off twice as hard as the overall stock market.
It’s easy to see why. Banks are sitting on millions of properties listed on
their balance sheets at pre-housing crash prices. If all these properties hit
the market at once, prices would have to fall substantially. If the banks have
to sell them at a loss, they’ll take a hit to their balance sheet at a time
when they’re still trying to improve it.
A housing recovery can spur job growth for construction jobs, real estate
agents, and businesses in new communities. But we currently have a housing glut
that will take several years to work through.
Until then, without a housing recovery, it’ll be tough for the overall economy
to recover. That means the stock market is in for a wild ride and low interest
rates are here to stay.
While these five reasons aren’t a comprehensive list of the problems weighing
down the stock market and keeping interest rates paltry, they should give most
investors a reason to stay cautious over the next few months.
Based on the market’s action and recent economic data, it’s more likely than
not we’re entering a double-dip recession. Stay heavy on safe investments and
don’t give into the fear.
Read more: Five Reasons for the Stock Market Crash and Zero Interest
Rate
Important: Can you afford to Retire? Shocking Poll Results …’
Stocks
Overbought Already?at The Wall Street
Journal
Are
US Markets Facing the Abyss? [ Short answer: Worse! ] at Minyanville Jeffrey Cooper Aug 15, 2011 ‘
“As soon as the idea of
the Deluge had subsided, a hare stopped in the clover and swaying
flowerbells, and said a prayer to the rainbow, through the spider’s web.
Oh, the precious stones that began to hide, and the flowers that already looked
around.
In the dirty main street, stalls were set up and boats were hauled toward the
sea, high tiered as in old prints.
Blood flowed at Blue Beard’s -- though slaughterhouses, in circuses, where the
windows were blanched by God’s seal. Blood and milk flowed.
Beavers built. “Mazagrans” smoked in the little bars.
In the big glass house, still dripping, children in
mourning looked at the marvelous pictures.
A door banged; and in the village square the little boy waved his arms,
understood by weather vanes and cocks on steeples everywhere, in the bursting
shower.
Madame installed a piano in the Alps. Mass and first communions were celebrated
at the hundred thousand altars of the cathedral.
Caravans set out. And Hotel Splendid was built in the chaos of ice and the
polar night.
Ever after the moon heard jackals howling across the deserts of thyme, and
eclogues in wooden shoes growling in the orchard. Then in the violet and
budding forest, Eucharis told me it was spring.
Gush, pond -- foam, roll on the bridge and over the woods -- black palls and
organs, lightning and thunder, rise and roll -- waters and sorrows rise and
launch the Floods again.
For since they have been dissipated -- oh, the precious stones being buried and
the opened flowers -- it’s unbearable. And the Queen, the Witch who lights her
fire in the earthen pot will never tell us what she knows, and what we do not
know.”
--Apres Le Deluge, Arthur Rimbaud
"Yeah, keep your
eyes on the road, your hands upon the wheel...
Let it roll, baby, roll."
-Roadhouse Blues (The Doors)
“Somebody hit her with a chair, you know. I guess there’s no way to
determine who did it. It’s already coagulating. She was just an innocent
bystander. It’s a democracy.”
-Jim Morrison
“There are things known and there are things unknown, and in between are the
doors of perception.”
-Aldous Huxley
“That men do not learn very much from the lessons of history is the most
important of all the lessons that History has to teach.”
-Aldous Huxley
“Ye shall know the truth, and the truth shall make you mad.”
-Aldous Huxley
The market went mad last week. The truth of capitalism was in chaos,
democracy in disarray, and paralyzed politics hit home. The truth hurts.
“And the Queen, the Witch who lights her fire in the earthen pot will never
tell us what she knows, and what we do not know.”
Seemingly in unison, market participants' heads hit their pillows Friday night
with a thousand points of night running like shards of broken confidence
through their minds.
The consumer confidence number hit the lowest level in a generation as the
retail therapy of conspicuous consumption threatens to hit the wall.
Anesthetized with lies and sedated with stimulus, is the consumer shopped out
and about to send a wake-up call to Mr. Economy?
At the end of World War II, no power existed which could compete with the US
militarily or economically.
The US had saved the world from the scourge of dictatorship.
In return, the Bretton-Woods Agreement in the Summer of 1944 also gave us
the monetary power to print the world’s currency. We promised it would always
be convertible into gold at the rate of $35 per ounce. This proviso was between
the world’s central banks and ours. It remained true until August 15, 1971 when
President Nixon voided the agreement because French President de Gaulle was
about to make a run on our gold, which he knew wasn’t sufficient to back up all
of the currency then floating around in the world’s central banks. De Gaulle
was about to precipitate a kind of run on the bank.
Son of a gun.
Is this a harmonic of the rumors that Dominique Strauss-Kahn
-- former head of the IMF who was about to run for the French presidency
-- was set up in a hotel in New York because he was about to reveal
something about the gold that is or is not in Fort Knox?
Ever since the Bretton Woods Agreement was broken 40 years ago today, the
dollar has been wandering in a sort of financial Biblical desert,
characterized by the last decade of bubbles and busts.
The monthly S&P shows 3 persistent advances: a 5-year run into March 2000,
a 4-year run into July 2007, and a 2-year run in May 2011.
The March 2000 top saw a break and a return rally/test failure into late August
2000. The July 2007 top saw a break and a return rally that made a marginal new
high test failure in October 2007. Both of these tests failures of the high
came roughly 90 days/degrees later.
In 2011 an initial peak played out on February 18th. A test failure played out
with a marginal new high roughly 90 days/degrees later.
In “How Mid-September 2008 Ties To The July 2010 Low And Today”
from late June, I walked through the setup for a waterfall decline.
The March ’03 low was 788 which is where the big advance to 2007 began.
2 x 788 gives the price of the S&P all-time high in 2007.
From the March 6, 2009 low to the May 2, 2011 high is 787 days.
Time was ‘up’ this May, but the S&P didn’t roll over until the anniversary
of the July ’07 high.
From August 1971 to August 2011 is 480 months. On the Square of 9 Wheel, 480 is
square 90 degrees of August 24th.
August 24th is opposite this year's February 18th peak.
The end of the month also ties to the pre-crash high in 1987, the pre-crash
high in 1929, and the return rally high in 2000.
The end of August vibrates off major crashes in history.
In addition, early September ties to the 120-month anniversary of 9/11 and the
1000 point DJIA bungee following that crash.
Will an ABC retracement rally following our recent crash be able to satisfy my
projection early last week of a 1000 DJIA rally?
Will the end of the month/early September mark a retracement high or a new
low?{PAGE_BREA}Surprisingly, after violating the Bretton Woods agreement, the
world kept on functioning as though the US dollar was still as good as gold.
The only limit on our power to print money was the world’s willingness to
continue tolerating our enormous abuse of this power. In effect, it gave
us the power to soak up the savings of others around the world in order for us
to consume. It was a giddy time.
It was a giddy-up time for politicians intent on spending to buy votes and the
incestuous target they created for lobbyists.
Americans then had a free ride in financial matters to take the labor of others
and use them to their benefit. We no longer had to produce. We could just let
others do the producing and all that we needed to do was print more money and
pay them off.
That illusion is ebbing.
Technically, the market looks like it is creeping higher to finish off an ABC
upward correction from 1190 to 1225, which should see the market quickly
fall to lower lows. The mid-point of equilibrium between the 666 low and the
1371 high equates to 1018. A decline to 1018 could be a test of the 1011 low in
July 2010.
1190 is the mid-point from the July 2010 low to the May 2011 high.
1225 ties to last year's double tops.
A full backtest of the big neckline ties to 1250ish.
This week the market will tie to the chance for an Upside Follow Through Day
-- a day with a substantial gain on substantial volume at least 4 days
after a low.
This week is also options expiration, so a possible C wave corrective rally
could theoretically see the market hold up into the end of the week.
However, without a big momentum day to hook the shorts, the market will drift
before another leg down targeting 1040ish to 940ish.
We have been looking for a blow out low near mid-August based primarily on the
cycle from 1951.
The closing lows for two sessions near 1121 aligns with mid-August on the Square
of 9 Wheel. Only above 1260 does the market suggest something else other than a
new bear leg is playing out.
We don’t want to short if a washout has occurred like in August 2007. As we
asked in a report last week, is this a blow-out low or a mid-point for a move
lower?
At the same time it’s tricky to go long here between 1190 and 1225: the
vast majority of technicals indicate a new bear leg. While many stocks are
improving they have not repaired the damage.
A lot of comparisons have been made between the current cascade in stocks and
2008. Memory is short on Wall Street, but not that short. It is possible that
money managers and robots alike sold first and will ask questions later so as
not to be mangled in a another train wreck.
But this is not like 2008 in the sense that the Crash in the Fall of 2008 was a
second leg down.
Modern markets haven’t seen a drop off a peak or pivot high from late July like
we just witnessed. It was worse that last year’s Flash Crash in May 2010. It is
worse than the initial sell-off in late 2008.
Even on Black Monday in 1987, stocks were decimated in virtually one day and it
was over. This one has been a Roller Coaster Crash.
While the market has echoed the Flying Elvis Pattern that installed a low from
mid-July 2010, it remains extremely risky as the sharpness and steepness of the
selloff leaves it/left it primed for a reflex rally.
http://image.minyanville.com/assets/FCK_Jan2011/Image/cooper/0811/15/ARCX_SPY_D%20--%20SPDR%20S&P%20500%20TRUST.gif
At the same time, as offered in a chart in this space in late July, the set up
for a waterfall crash like 1929 was in place and that pattern may not have
played out completely.
http://image.minyanville.com/assets/FCK_Jan2011/Image/cooper/0811/15/DJIA%201929%20Daily.gif%20final.jpg
http://image.minyanville.com/assets/FCK_Jan2011/Image/cooper/0811/15/ARCX_GLD_D%20--%20SPDR%20GOLD%20SHARES.gif ‘
Rickards –
US will revalue gold to $7000 Aug
15th, 2011 15:10 by News August 15 (King World News) — ‘ He (Nixon)
said first of all I am imposing national price controls because there was an
inflation problem in the United States at the time. The second thing he said
was I am putting a 10% surtax of imports on all imported goods coming into the
United States. Then about 10 minutes into the speech, very much en passant, he
said, ‘Oh by the way we are suspending the convertibility of dollars into gold’
and he immediately went into this Nixonian rant about speculators. So it was
very interesting, there were three earth-shaking announcements. Can you imagine
any one of those three things going on today? President Obama or any President
saying he was going to impose nationwide price controls, or all Chinese goods
would have a 10% surcharge. It would be cataclysmic, yet Nixon did both of
those things. Plus (Nixon) took us off the gold standard, so it was quite a
dramatic speech. In a strange way he did us all a favor by making sure we (the
US) held on to the gold. So I do think the United States is in a position to
revalue the currency using gold to that $7,000 level. That will obviously be a
huge benefit to all of the people who invested in gold because they are going
to be along for the ride, along with the United States when that gold goes to
$7,000.” Excerpted from an interview that is available here.
‘
Fed
Pledge Let's You Know The Fix Is In Forbes Peter Schiff
‘ Last week’s wild actions on Wall Street should serve as a stark reminder that
few investors have any clue as to what is really going on beneath the surface
of America’s troubled economy. It did bring startling clarity on at least one
front. In its August policy statement the Federal Reserve took the highly
unusual step of putting a specific time frame for the continuation of its near
zero interest rate policy.
Moving past the
previously uncertain pronouncements that they would “keep interest rates low
for an extended period,” the Fed now tells us that rates will not budge from
rock bottom for at least two years. Although the markets rallied on the news
(at least for a few minutes) in reality the policy will inflict untold harm on
the U.S. economy. The move was so dangerous and misguided that three
members of the Fed’s Open Market Committee actually voted against it. This
level of dissent within the Fed hasn’t been seen for years.
Many economists have
short-sightedly concluded that ultra low interest rates are a sure fire way to
spur economic growth. The easier and cheaper it is to borrow, they argue, the
more likely business and consumers are to spend. And because spending spurs
growth, in their calculation, low rates are always good. But, as is typical,
they have it backwards.
I believe that ultra-low
interest rates are among the biggest impediments currently preventing genuine
economic growth in the US economy. By committing to keep them near zero for the
next two years, the Fed has actually lengthened the time Americans will now
have to wait before a real recovery begins. Low rates are the root cause of the
misallocation of resources that define the modern American economy. As a direct
result, Americans borrow, consume, and speculate too much, while we save,
produce, and invest too little.
It may come as a shock
to some, but just like everything else in a free market, interest rate levels
are best determined by the freely interacting forces of supply and demand. In
the case of interest rates, the determinative factors should be the supply of
savings available to lend and the demand for money by people and business who
want to borrow. Many of the beneficial elements of market determined rates are
explained in my book How an Economy Grows and Why it
Crashes. But allowing the government to determine interest
rates as a matter of policy creates a number of distortions.
It was bad enough that
the Fed held rates far too low, but at least a fig leaf of uncertainty kept the
most brazen speculators in partial paralysis. But by specifically telegraphing
policy, the Fed has now given cover to the most parasitic elements of the
financial sector to undertake transactions that offer no economic benefit to
the nation. Specifically, it will simply encourage banks to borrow money at
zero percent from the Fed, and then use significant leverage to buy low
yielding treasuries at 2 to 4 percent. The result is a banker’s dream:
guaranteed low risk profit. In other words it will encourage banks to lend to
the government, which already borrows too much, and not lend to private
borrowers, whose activity could actually benefit the economy.
This reckless policy,
designed to facilitate government spending and appease Wall Street financiers,
will continue to starve Main Street of the capital it needs to make real
productivity-enhancing investments. American investment capital will continue
to flow abroad, denying local business the means to expand and hire. It also
destroys interest rates paid to holders of bank savings deposits which
traditionally had been a financial pillar of retirees. In addition, such an
inflationary policy drives real wages lower, robbing Americans of their
purchasing power. The consequence is a dollar in free-fall, dragging down with
it the standard of living of average Americans.
Until interest rates are
allowed to rise to appropriate levels, more resources will be misallocated,
additional jobs will be lost, government spending and deficits will continue to
grow, the dollar will keep falling, consumer prices will keep rising, and the
government will keep blaming our problems on external factors beyond its
control. As the old adage goes, “insanity is doing the same thing over and over
again and expecting different results.”
‘
Peter Schiff is CEO of Euro Pacific Capital.
Train
Reading: The Stock Market Is Insane The
Wall Street Journal
‘The stock market has
lost its mind — Bethany McLean in Slate
Are US banks turning
Japanese? — FT Alphaville
How’s that austerity
working out for you, UK? — Econbrowser
Can Jeremy Grantham
profit from ecological mayhem? — NY Times Magazine
Authors and critics
reveal which lit classics they consider overrated — Slate
It’s not so easy
applying Moneyball principles to soccer — WSJ ‘
In theory, the stock
market is supposed to reflect the prospects for the economy—the earnings
potential of the stocks that make up the Dow Jones Industrial Average. But
there's more than one reason to believe that what's going on now has little to
do with any rational view of the future, and a lot to do with the market
itself. "Dip your toes into any risk asset right now and understand that
you are not entering into anything remotely resembling a normal market
environment," wrote David Rosenberg, the well-respected former Merrill
Lynch analyst who is now the chief economist at Canadian firm Gluskin Sheff, in
his recent newsletter. "Dysfunctional is more like it."
The first factor to
consider is that the huge rebound in stocks and in all sorts of risk assets from
the spring of 2009 until May of this year wasn't necessarily driven by a belief
that better times were coming. It was driven by a belief that investors had to
buy riskier assets given the Fed's determination to hold interest rates near
zero. Because investors can't get a return in "safe" assets—indeed, a
small return will get chewed up by inflation—they are driven to riskier assets.
As more investors pile in, everyone is driven further out along the risk curve.
This is what traders
call "risk on." What they mean is that you'll be rewarded for buying
risk, regardless of reality. The Fed's second round of quantitative easing
("QE2"), in which it bought $600 billion of Treasuries in order to
keep interest rates low, encouraged this investment strategy. "We had a
nice two-year rally in risk assets and something close to an economic recovery,
but as we had warned, it was built on sticks and straw, not bricks," wrote
Rosenberg. "This isn't much different than the financial engineering in
the 2002-07 cycle that gave off the appearance of prosperity."
The Fed intended this to end happily. The fake wealth created by a soaring market was supposed to turn into real wealth, because rich people, who control much of the economy and who have much of their money in the market, were supposed to spend more. But it hasn't worked, partly because of problems in the rest of the world—the tsunami in Japan, the financial crisis that's brewing in Europe—and partly because our own economy is too deep in hock to achieve the necessary stimulus. As Howard Marks, the chairman of Oaktree Capital Management, put it in his recent letter, "The world has awakened to the undesirability of ever-growing government debt."
You can think of the
Fed's medicine as a painkiller. It allows everyone to pretend that bad stuff
isn't happening, until something shatters the illusion and the comfortable
numbness abruptly gives way to panic. There's massive selling. Then the Fed
reassures everyone that its toolbox isn't empty just yet—witness the big upturn
on Aug. 9 after the Fed said it would likely hold rates near zero until mid-2013 (a
worthless prediction if inflation surges)—and the market soars. Risk on!
It's hard to develop any
real conviction about the direction of the market when so much depends on the
actions of the Federal Reserve. That's especially true because even the members
of the Federal Reserve Open Market Committee aren't all in agreement. Three
members voted against the Fed's Aug. 9 announcement. Complicating matters is
that the short term direction of the real economy is also at the mercy of the
government. The key line in this Wall Street Journal story: "As goes government spending, so
goes the U.S. economy."
Another possible factor
in the madness is forced selling by big hedge funds. There are rumors that funds are getting hit by margin calls, or that
funds that are having a bad year are getting redemption requests from
investors, thereby forcing them to sell. Most of the gossip has focused on John
Paulson (the hedge fund manager who famously made his fortune by shorting
securities backed by subprime mortgages), given the big positions he was known
to have in stocks that have gotten trashed. But if Paulson is hurting, he's
probably not alone. "No way big guys could have gotten out," one
trader tells me via email. "Big hedge funds with all the same big
positions. This move down happened so fast that they are trapped." If this
theory is right, then sudden rallies like Thursday's upturn will be followed by
more selling, as hedge funds take advantage of the ability to get out.
The last explanation
I've heard is that most of the buying and selling hasn't been driven by real
people, but rather by computers. Hello, HAL 9000!
In the last five years, computer-driven trading, whether controversial
high-frequency trading or just programs that buy baskets of stocks based on
technical figures, has become a bigger and bigger part of the market. Depending
on how you define it, sources tell me it constitutes 70 percent to 90 percent
of trading now. "The human element is gone," one trader tells me. At
least some people believe that the presence of computers exacerbates the big
moves up and down. According to this
paper by X. Frank Zhang, an associate professor of accounting at the Yale
School of Management, "high frequency trading is positively correlated
with stock price volatility." Zhang goes on to say that the "positive
correlation is stronger among the top 3,000 stocks in market capitalization and
among stocks with high institutional holdings. The positive correlation is also
stronger during periods of high market uncertainty." Zhang's academic work
is supported by the observations of those who have been in the market for a
long time. "I suspect that the real culprits here are the computers Wall
Street has programmed and unleashed to trade and manage portfolios," wrote
John Bollinger, who has been publishing his Capital Growth
Letter for more than two
decades. "The sort of mindless selling that we are seeing is most likely
the result of machines trading and human beings desperately trying to keep up
with them."
Should you buy? Should
you sell? No one knows. The world is always an uncertain place, but right now
it's more uncertain than usual, whether about the ultimate resolution of
Europe's crisis or about how the U.S. will reduce its debt and get the economy
growing again. Or perhaps I should say reduce its debt or get the economy growing, since it's unlikely to
achieve both at the same time. This inability to guess what the future holds
means that madness rules.’
Withdrawals
From Stock Funds Biggest Since ’08
Aug 12th, 2011 15:32 by News
(Bloomberg) — Investors pulled the most money from global stock funds since
2008 in the past week as the Standard & Poor’s downgrade of Treasuries and
the deepening European debt crisis prompted a flight into cash and gold. Funds that buy global
equities suffered $3.5 billion in net withdrawals in the week ended Aug. 10,
the most since the second week of October 2008, according to Cameron Brandt,
director of research at Cambridge, Massachusetts-based EPFR Global. Investors
removed $11.7 billion from funds that invest in U.S. equities, the most since
May 2010 when investors pulled money following a one-day market crash that
briefly erased $862 billion.“This week had a feeling of capitulation as we saw
investors running for cover,” Brandt said in a telephone interview. “The last
time we saw this kind of flight to safety” was in 2008, he said.’
U.S.
Consumer Confidence Drops to Three-Decade Low Amid Economic Headwinds Aug
12th, 2011 13:10 by News
(Bloomberg) — ‘Confidence among U.S. consumers plunged in August to the lowest level since May 1980, adding
to concern that weak employment gains and volatility in the stock market will
prompt households to retrench.The Thomson Reuters/University of Michigan
preliminary index of consumer sentiment slumped to 54.9 from 63.7 the prior
month. The gauge was projected to decline to 62, according to the median
forecast in a Bloomberg News survey.’
Pity the Policymakers July 21st, 2011 by News
by Mohamed A. El-Erian (Project Syndicate) — ‘I don’t know about you,
but whenever I am in an airplane experiencing turbulence, I draw comfort from
the belief that the pilots sitting behind the cockpit’s closed door know what to
do. I would feel very differently if, through an open door, I observed pilots
who were frustrated at the poor responsiveness of the plane’s controls, arguing
about their next step, and getting no help whatsoever from the operator’s
manuals. So it is unsettling that policymakers in many Western economies today
resemble the second group of pilots. This perception reflects not only the
contradictory pronouncements and behavior of policymakers, but also the extent
to which economic outcomes have consistently fallen short of their
expectations.This perception is evident in Europe, the United States, and
Japan, where indicators of economic sentiment are deteriorating again,
already-weak recoveries are stalling, and over-stretched balance sheets are
becoming even more precarious.’
Is
America The Next Greece? at Forbes Marc Schindler ‘After
many years of overeating (overspending) Greece is in the emergency room with a
major financial heart attack and America isn’t far behind.
The doctors (IMF,
European finance ministers, the ECB, etc.) are running around trying to save
it. Open heart surgery (loans guaranteed by others) has averted the immediate
crisis, but Greece is just as overweight today as it was before the crisis.
Attempts to lose weight through exercise (austerity measures) cause serious
chest pains (riots). The doctors don’t want to admit it, but all signs point to
a heart transplant (default) as the only way to get Greece onto its feet again.
Greece isn’t the only
one. It is a veritable epidemic. Ireland, Italy, Portugal, Spain and a host of
other countries are having chest pains. Iceland is feeling better now with its
freshly transplanted heart. The American home owner is still in the hospital
from his financial heart attack after gobbling up vast quantities of real
estate, and it has been many decades since Uncle Sam last could see his toes.
By most accounts (e.g. here
or Bill
Gross‘ statements in a recent interview) total hidden government
liabilities add up to about $60-$100 trillion. That is on top of the $14
trillion of debt carried on the balance sheet. Adding up those liabilities, the
US owes at least five times GDP, which currently sits at about $15 trillion.
For comparison, Greece’s debt is about 1.5 times its GDP.
This is not really a
fair comparison, because it leaves out any hidden liabilities Greece may have.
The US debt figure includes unfunded entitlements, state and local debt, and
underfunded public pensions. Nevertheless, it is clear that this is an
unsustainable debt load even if the estimates turn out to be off by a factor of
two or four.
Uncle Sam is already
more overweight than Greece ever was. If he doesn’t change his ways, he will
end up in the hospital like Greece, but at present he is partying like there is
no tomorrow, gorging himself on entitlement spending, costly wars, bailouts,
subsidies, and countless other delicacies.
Perhaps it would not be
such a bad thing if the talks about raising the debt limit failed. After Uncle
Sam suffers the resulting self-inflicted mild heart attack (temporary default)
and finds out how much fun it is to fetch up in the emergency room, he might be
more inclined to take care of himself, slim down, and stick with an exercise
regime.
Some kind of a wakeup
call is necessary while there is still time to deal with our debt problem. The
only way to address it is for Washington to do its job: get everybody to
recognize that there is a problem, find a solution that demands some sacrifices
from everyone, and work together across party lines to implement it. In the
current political environment that does not seem to be possible. Something
needs to change the environment. Greece shows that the alternative is not pretty.’
Corporate
Earnings Soar Amidst a Dismal Job MarketWall St. Cheat Sheet [That game’s about to end! In fact, that game’s
over! Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back
their shares and pay dividends with what essentially is taxpayer money-- ]
Standing on the precipice – and ready to jump July 21st, 2011 News By Wolfgang Münchau ( Financial
Times) — ‘It looks like there will be deal on a eurozone package for Greece.
The full details are still missing, but it appears that the eurozone is forcing
Greece into a selective default. As part of such a package, short-term Greek
debt will be more or less forcibly converted into long-term debt. The wretched
bank tax is mercifully off the table. And the European financial stability
facility will most likely be allowed to purchase Greek debt at a discount. LET US NOT MINCE WORDS
HERE. THIS WOULD BE A DEFAULT, THE
FIRST BY A WESTERN INDUSTRIALISED COUNTRY IN A GENERATION. I am not quite sure
how it is possible for the European Central Bank to agree to this, or to all of
this. But I will surely be intrigued to hear how Jean-Claude Trichet will
manage to be consistent with what he said a few days ago. There are also
reports that the eurozone leaders may accept a more flexible EFSF beyond those
bond purchases.’
State
Finances Are Worse Than You Think at
Forbes
So
Far, Market Ignoring Dire Warnings at
Minyanville
The
Greater Depression Is Upon Us by David
Galland http://www.lewrockwell.com/orig10/galland34.1.html Casey
Research Recently by David Galland: The Road to Perdition ‘The phrase
“Greater Depression” was coined by Doug Casey a decade or so back as a way of
describing the economic crisis he foresaw as inevitable, and which is now
materializing.
Because I
think it is important for every organization to constantly challenge its own
assumptions, I’ve long acted as something of a devil’s advocate here at Casey
Research. By constantly pushing our analysts to revisit their assumptions and
calculations, it is my firm intention for us to spot the fork in the road that
indicates it is time to shift strategies away from investments designed to do
well in the face of a currency debasement and to something else.
Being
attentive to that fork in the road is hugely important, because even though we
urge our subscribers not to overdo their exposure to inflation hedges, we
recognize that many do. Many a good person had their clocks cleaned in the
early 1980s solely because they had become overly enamored of their precious
metals – so much so that they stopped thinking of them as an asset class and
began thinking of them more in the terms one might associate with an amorous
dinner date. Thus these investors were utterly unprepared when said date stood
up and broke a dinner plate over their heads.
With that
brief setup, I want to make our views clear: While we correctly anticipated the
recent correction in precious metals, this correction is but a blip in a
secular bull market that is very much intact.
Doug Casey
has often said that the unfolding crisis is going to be even worse than he
expects (which is saying something), and the longer the rest of us at Casey
Research study the tea leaves, it is hard to disagree that the Greater
Depression is still ahead.
Consider:
Watch
Out: 2011 Looks A Lot Like The Market Top In 2007 at Forbes Sean Hanlon Back on December 12, 2007 I wrote a market
commentary that started as follows:
The equity markets have been very volatile this year, but also
range bound. A picture speaks a thousand words so all one needs to do is
view the chart below of the S&P 500 Index to understand just how volatile
and range bound things have been. Specifically, since February 20, 2007,
only nine and one half months or so ago, the S&P 500 Index has been down 5.86%, up 13.02%, down 9.43%, up
11.26%, down 10.09%,
and now up 7.73% – through
12/10/07 – so far in this
latest up leg! All this in ONLY nine and one half
months!
http://blogs-images.forbes.com/advisor/files/2011/07/market-commentary-1.jpg
History is repeating
itself so far in 2011, which has been fraught with ups and downs in both
international and domestic equity markets. This is due to many things,
including the considerable economic doubts and various countries debt
situations. This uncertainty has translated into market performance with direct
impacts on portfolio returns and more prominently in portfolio volatility. This
volatility is best seen in the chart below of the S&P 500 Index beginning
1/1/11.
http://blogs-images.forbes.com/advisor/files/2011/07/market-commentary-2.jpg
2010 ended positivity
and the momentum carried into the first two months of 2011 however the end of
February began a series of events that led market returns on a whipsaw ride of
ups and downs, resulting in the current universal mid-year views of market
uncertainty.
What news was associated
with this volatility? All the usual; crude oil prices, natural disasters,
corporate earnings, politics, economic forecast revisions for both developed
and emerging markets, the European debt situation, the United States debt
situation and more to name just a few.
One thing is for
certain; the current volatile, range bound market activity is difficult at best
to profit from. In this investing environment patience is the most
important attribute. I will be patient and will be careful until the
trends are preferable.
Our strategy at Hanlon
Investment Management is to attempt to minimize downside risk by exiting risk
asset classes, such as equities, during periods of uncertainty, getting
invested in more conservative asset classes, such as money markets and
short-term bonds, and re-entering into risky asset classes when we identify
them as attractive, when the trend is our friend and positive!
Having identified this
volatility, in June we made defensive, tactical investment decisions that
provide less exposure to these volatile, range bound markets and prepare us to
re-enter the markets when they possess improved risk characteristics.’
Deficit Ceiling
and Stocks - Expect the Unexpected ETFguide
Simon Maierhofer, July 19, 2011, ‘A
number of cliches come to mind when talking about the U.S. debt situation. The
most appropriate might be: 'You can't have your cake and eat it too.' The least
applicable is probably: 'Never put off until tomorrow what you can do today.'
But if you think the
U.S. will default on some of its obligations anytime soon, you don't have
enough faith in the government's most potent weapon - extend and pretend
(another cliche that's become the modus operandi).
Since 1960, Congress has
acted 78 separate times to permanently raise, temporarily extend, or revise the
definition of the debt limit. Chances are Congress will act again before the
August 2 deadline. That however isn't good news.
By the end of this
article you will know the common sense, no nonsense, deficit ramifications for
the stock market and why even 'a deal' isn't good news.
USA Inc. - Income
Statement
If the United States was
a corporation - USA Inc. - here's what the Income Statement would look like:
Total federal spending
in 2010 amounted to $3.456 trillion. Total receipts added up to $2.162
trillion. USA Inc.'s 2010 deficit was $1.294 trillion.
The 2011 federal budget
is $3.7 trillion with a projected deficit of$1.6 trillion. But there's no
reason to despair, just before April 15,Congressional leaders were able to
agree on $39 billion worth of budgetcuts for the remainder of the year.
Senate Majority Leader
Harry Reid hailed this heroic effort as a 'historic' level of cuts. To quantify
just how 'historic' that effort was we'll put it in percentage terms -1%. The
cut amounted to only 1% of the 2011 budget. Apparently it wasn't enough. Thanks
to extend and pretend we've arrived at the next deadline.
Stocks Applaud ...
and Decline
Keep in mind that back
in mid-April when the 'historic' $39 billion cut was hammered out, the S&P
was at about 1,300. Following the 'resolution' of the budget problem stocks
rallied about 5%.
The April 3 ETF Profit
Strategy Newsletter featured the chart below (due to size restrictions the
chart had to be reduced). As per the chart and accompanying analysis, the
Newsletter expected a rally to the next Fibonacci resistance at 1,369, followed
by a bounce off the Fibonacci support at either 1,229 or 1,255 and an attempt
to take out the previous high.
http://www.etfguide.com//contributor/UserFiles/8/Image/5%20-%20April%203%20TF.jpg
This outlook was based
purely on technical analysis with no regard for the deficit problem or European
debt woes (we'll take a look at an updated technical forecast in a moment). The
S&P did top at 1,370 on May 2. Thereafter it dropped to 1,259, and tried to
take out the previous high (the S&P rallied as high as 1,356 on July 7and
stumbled thereafter).
USA Inc. - Balance
Sheet
If you think the Income
Statement looks bad, you may not want to look at the Balance Sheet. Consensus
estimates for unfunded obligations vary. Mary Meeker pegs the shortfall at $31
trillion, PIMCO's Bill Gross estimates the unreported debt to be $75 trillion,
while other estimates exceed $100 trillion.
The Deficit and
Stocks
When President Obama
took office in January 2009, the federal debt was 70% of GDP or $10 trillion.
Today the deficit is close to 100% of GDP at $14.3 trillion. As per a
recent AP report, President Obama had to scroll down his demands and would now
be content with a $2.4 trillion debt ceiling increase to make it last beyond
the 2012 elections.
No doubt, the President
would like the deficit issue put on hold until he's re-elected. It seems like
everyone has an agenda that takes priority over solving the actual debt issue.
The whole game could be summed up as White House budget director Jack Lew put
it: 'That all these ideas do is say let's kick the can down the road so that
others will deal with it.'
This, by the way, is why
the pre-election year of the Presidential election year cycles has seen gains
consistently since 1939, because the incumbent party will do what it takes to
remain in office longer.
A lose-lose
Situation
The drawback of the
deficit situation is that there is no easy way out. The government has to
either cut spending (as in fewer benefits for Americans) or increase revenue
(as in higher taxes).
Pick your poison. Either
choice will kill the economy. Of course, you can extend and pretend, which is
probably what will end up happening. No matter how much lip stick you have at
your disposal, a pig remains a pig. The deficit is a big (red) pig.
What is worse, a $14.3
trillion deficit today, or a $16+ trillion deficit (according to Obama's wish)
in 2012? Debt is like gangrene, dry rot or mold, it doesn't just go away, it
gets worse (ask Greece, Ireland, Portugal or any of the other PIIGS).
Eliminate Variables
Using European
(NYSEArca: VGK - News) debt troubles as a
benchmark, there hasn't been a direct correlation between U.S. stocks and European
debt. To generalize this even further, there hasn't been a real correlation
between the U.S. deficit issue and U.S. stocks.
It was in June 2009 that
Greece admitted to having a 'small' problem. Stocks rallied throughout the
remainder of 2009, most of 2010 and some in 2011. The same is true for the MSCI
EAFE ETF (NYSEArca: EFA
- News) and Emerging Market
ETF (NYSEArca: EEM - News).
Admittedly, the U.S. is
a much bigger problem than the PIGGS, but the principal remains the same -
basing investment decisions on the outcome of debt negotiations is tricky
because the market has a mind of its own.
Since early 2010, every
single time the major indexes a la S&P (SNP: ^GSPC), Dow (DJI: ^DJI), and
Nasdaq (Nasdaq: ^IXIC) sold off more than a few percent, it's been blamed on
Greece. What many don't consider is that the market was helplessly overbought
in January, and April 2010 and 2011 and due for a correction anyway. It seems
like Greece has been a scapegoat more often than the actual cause. Perhaps it's
a game of chicken and the egg. Which came first?
No Chicken-Egg Game
It has been more
beneficial and profitable to rely on solid technical analysis rather than
playing the chicken and egg game.
Technical analysis along
with sentiment readings pegged a market bottom of the same degree at S&P
1,259 - 1,245. That was the opinion of the ETF Profit Strategy Newsletter on
June 15 (one day before the 1,258 bottom):
'The 200-day SMA at
1,257 is sandwiched between the 1,255 Fibonacci projection level dating back to
2002 and this week's s1 at 1,259. Wednesday's low was at 1,261.9. If this low
is not enough, there is a strong cluster of support at 1,259 - 1,245. A drop
into the 1,259 - 1,245 range would prompt us to close out short positions and
leg into long positions' (long positions were closed out at S&P 1,345 on
July 7).
There was no fundamental
good news on June 15 or 16. Some of the headlines featured on June 15 were:
'Is the bull market
over? A look at four different sentiment measures suggests that more pain may
await investors.' - Barrons
'Greek default could trigger
chain reaction' - AP
'Confidence is eroding
among U.S. factories, consumers' – Bloomberg …’
Financial
Crisis Phase II Is Ahead at Forbes Bert Dohmen ‘ In late 2007, I wrote the book Prelude To
Meltdown, predicting the global crisis that
occurred the following year. I now see a similar confluence of events
that warns of phase II of the global crisis.
Once again I see all the
“canaries in the mine,” which warned of the 2008 crisis. My just released
book, Financial Apocalypse , provides the clues and the road map, with charts, of
how my indicators successfully predicted the meltdown that occurred in
the fall of 2008. This book is a guide for detecting the next crisis whenever
it occurs. History repeats, or at minimum, it rhymes.
My work shows that “the
new recession has started.” The May 9 issue of the Wellington
Letter was headlined:
“Return of the Double-Dip.” At the time, economists were looking for a
great economy in the second half. Now they talk about a “soft patch.”
Over the past 33 years, we have called the start of every recession, often on
the exact month, or within one month, of the official start as determined one
year later by the official arbiter of recession, the National Bureau of
Economic Research (NBER).
How can we be in
recession now when the GDP still shows growth? Because of improper inflation
adjustments. “Real” GDP growth, the headline number, is nominal growth minus
the rate of inflation. However, inflation is far understated for political
reasons.
Currently, the GDP
deflator is 1.8%, which hardly reflects the true rise in prices. Therefore,
what is counted as “growth,” is actually price increases. Actual inflation,
according to free market economists who calculate inflation as it was done in
1980 before the politician re-engineered it, is now more than 11%. Using that
to adjust GDP for inflation, would show that the economy is now in a very sharp
contraction.
When the current
euphoric earnings forecasts of Wall Street finally reflect that via significant
“earnings downgrades,” the stock market will see a serious “adjustment” as
well.
On July 18, Goldman
Sachs (GS)
substantially lowered its economic growth forecast. Marketwatch.com had this
headline: Goldman Sachs slashes Economic Forecasts. The next step will be for them to substantially
reduce earnings forecasts for the S&P 500.
Will the phase II be as
bad as the 2008 crisis? The last crisis was confined to the private sector,
i.e. financial institutions. The next one will be involve the threatened
default of entire countries. The last time, the central banks bailed out the
financial firms and even Warren Buffett bailed out several firms. Who is big
enough to bail out entire countries? Or will the term of “too big to fail” turn
to “too big to bail?”
Bert Dohmen is editor of the Wellington
Letter and author of Financial Apocalypse.’
3
Top Crooks Still Roaming Free After the Economic Crash Wall St. Cheat Sheet July 25, 2011, The global economy and stock markets took
a nose dive in 2008. But that hasn’t stopped some of the biggest masterminds
from escaping a day of luxury.
Here are three financial
crooks who are probably sipping daiquiris in Capri at our expense:
Lehman Brothers CEO
Richard S. Fuld, Jr.
Few executives were as
intimately and extensively involved in the downfall of their firms as Dick
Fuld . At the time of the financial collapse, Fuld had worked for Lehman
Brothers for nearly 40 years, and had been the firm’s chief executive since
1994. In that role, not only was he the longest-tenured CEO on Wall Street at
the time of the financial crisis, but he was considered one of the best. He was
named Institutional Investor magazine’s top chief executive in the private sector
in 2006. The following year, he was paid more than $21 million in cash and
stock on top of his base salary of $750,000 a year after the bank’s net profit rose 5% to a record $4.2 billion. And as
recently as March 2008, Barron’s listed him on their list of the 30 best CEOs,
referring to him as “Mr. Wall Street”.
When the financial
crisis hit, Fuld was one of the few executives to hold onto his position. He
counted himself responsible for the company, but didn’t realize just how much
real estate loans and other toxic assets were weighing on his balance sheet.
Instead, he remained confident in the firm that he helped grow from a negative
profit in 1993. His hubris can somewhat be understood, given the firm hadn’t
reported a single quarterly loss since it went public. But Fuld was wrong. He
overestimated the value of his firm, rejecting offers that could have saved it
from collapse because they didn’t adequately reflect what he felt the firm was
worth.
We know that sub-prime
mortgages were almost solely responsible for the financial crisis, and a large
part of the Wall Street’s fourth-largest investment bank’s worth was held in
its mortgage business, where mortgages were re-packaged and sold to other
investors, often for more than they were really worth. In fact, Lehman was the
top U.S. underwriter of mortgage bonds in 2006 and 2007, accounting for roughly
10% of the market. As CEO, Fuld was responsible for buying those assets, which
ultimately became toxic and impossible to unload. But whether or not Fuld can
be held wholly responsible for the firm’s loan practices, he can be held
responsible for the firm’s bankruptcy. As late as August 2008, after many CEOs
had already been forced to resign, he rejected an offer by state-run Korea
Development Bank to buy a 25% stake in Lehman for $4 billion to $6 billion.
There’s no question that
the firm Fuld helped build, that he’d been a part of since 1969, where he held
the top position for 14 years, was criminally responsible for the financial
crisis. In fact, it may be the most culpable, given the sheer volume of sub-prime
mortgages underwritten by Lehman in the years leading up to the market
collapse. On September 15, Lehman became the largest firm to file for bankruptcy in history, dealing a devastating blow to an
already fragile financial system. A few weeks later, Fuld was summoned to appear before Congress as part of an inquisition. He was
also investigated by three United States Attorneys offices in New York and New
Jersey. But ultimately Fuld walked away from Lehman Brothers having pocketed
nearly $500 million just in his last six years with the firm, years during
which Lehman’s sub-prime mortgage practice was contributing to what would
ultimately cost taxpayers $700 billion in a government-issued bank bailout
program. Fuld was never charged with or convicted of any crimes.
AIG Financial Products
CEO Joseph J. Cassano
As a founding member and
head of AIG Financial Products, Joe
Cassano was responsible for selling hundreds of billions of dollars worth
of credit protection in the form of credit-default swaps (CDS) on U.S.
sub-prime mortgages, a form of insurance that didn’t require that AIG put down
any form of collateral. So when the financial crisis hit in 2008 and investment
banks requested the insurance money for their collapsing derivatives, AIG was
unable to pay what was owed and ultimately had to be bailed out by the
government, receiving about $170 billion in taxpayer money.
Cassano resigned from
his position at AIG FP in March 2008, having pocketed $280 million in cash and
an additional $34 in bonuses. He even managed a $1 million-a-month retirement
package that kept him on at AIG as a “consultant”. Cassano even went on record denying any fault on the part of AIG, saying,
“We believed until late
2005 that banks and other mortgage originators were applying appropriate
standards when writing mortgages. When we recognized — well before many others
— that changes in the mortgage market likely presented increased risk for
future deals, we decided to exit the subprime business. We thought the decision
was appropriate, despite the lost profits at the time. With hindsight, the
decision looks even more prudent.”
Cassano went so far as
to blame the bailout for losses on CDS contracts, saying there would have been
few, if any, had they not been unwound by the bailout. Testifying before the
Financial Crisis Inquiry Commission, Cassano fully defended his firm’s CDS
practices, outlining the careful approval and monitoring system that,
“specifically identified risk factors and provided an analysis of those risks.”
Cassano insisted that AIG had not miscalculated the risks of sub-prime
mortgages.
However, Cassano was
directly responsible for AIG’s credit-default swaps program that put the firm’s
many clients, including Goldman Sachs, in danger when it was unable to
pay out on insurance claims. He essentially sold billions of dollars worth of
vapor — he failed to provide what had been paid for by the firm’s clients. That
sounds remarkably like fraud, the grounds upon which many investors have filed
suit against Cassano. In fact, regulators in both the U.S. and the U.K.
investigated Cassano’s acts to determine whether they had been criminal. But
like just about every executive responsible for the financial crisis, Cassano
was not ultimately charged with any wrongdoing, and remains a free man.
Countrywide Financial
Chairman and CEO Angelo Mozilo
Ranked second by Condé Nast
Portfolio on their list of
the “Worst American CEOs of All Time”, Angelo
Mozilo was charged in 2009 of insider trading and securities fraud by the
U.S. Securities and Exchange Commission. Mozilo personally sold hundreds of
millions of dollars in stock while using shareholder funds to buy back stock to
support the share price. He is also responsible for what has been termed the “Friends of Angelo” VIP program under which several
influential lawmakers, including Senate Banking Committee Chairman Christopher
Dodd, as well as many Fannie Mae employees and other “Friends of Angelo”,
received discounted mortgages.
However, Mozilo was allowed
to settle with the SEC on all charges. He agreed to pay $67.5 million in fines, the most ever exacted from an
individual in connection with the 2008 financial crisis, and he was banned from
ever serving as an officer or director of any other public company. Robert Khuzami, director of the SEC’s Division of
Enforcement, said that “Mozilo’s record penalty is the fitting outcome for a
corporate executive who deliberately disregarded his duties to investors by
concealing what he saw from inside the executive suite.” But in settling,
Mozilo was able to avoid a trial and any subsequent criminal charges, and was
not required to acknowledge any wrongdoing.
Mozilo’s net worth has
been estimated at roughly $600 million. And because of the indemnification
agreement in his contract with Countrywide, the firm was responsible for paying
roughly one-third of his fines, leaving Mozilo with a bill of $47.5 million —
that’s less than 10% of his worth. Aside from Bernie
Madoff, the only executive tied to the financial crisis to be criminally
prosecuted and convicted, Mozilo’s settlement is the greatest punishment
inflicted on any executive responsible for the country’s economic collapse, and
falls desperately short of true justice.’
Debt,
Deficits and the Demise of the American Economy' - Author Peter Tanous
Discusses Risk
US Equities Forecast and the Anticipated Path of the Market at Minyanville Peter Prudden July 25, 2011 ‘… the headline risk remains to the downside and the bogey to lower equity prices in the short to intermediate term is concentrated on the U.S. Debt ceiling. At some point, not only must all developed economies deal with marking down to the level of income, but we must restructure large amounts of excess leverage. Until we accomplish this, growth will be problematic…’
Putin says
U.S. is "parasite" on global economy [Unfortunately, this
is very true. More unfortunately is the fact that most worldwide don’t realize
that fact! I mean, think about it: pervasively corrupt, defacto bankrupt
america’s cancerous perma wars,
over-printed debased ‘Weimar’ paper ‘reserve’ currency, huge frauds in
securities and otherwise, etc.. ]
3 Reasons Why This Summer Could Get Ugly Simon Maierhofer, July 29, 2011 [
Well, before getting to the article, we all know why: because … ‘Sell in May,
and go away!’ … Quite simple, as previously set forth here and elsewhere, you
should have ‘sold in May, and went away!’ Why? Because … as Rosanne Rosanna Danna formerly of SNL fame and as
her mama always used to say, ‘it’s always somethin’’ … but unfortunately, that
somethin’ is not necessarily what they say it is. ] ‘It seems
like the European Union and U.S. government are stuck in a never ending game of
Whac-A-Mole. It seems like more moles are popping up more quickly, needing more
force to be subdued (ironically the moles come back just as the problems do)…’
Mapping
the Myths of the U.S. Economy - Stacy
Curtin ‘In The Real State of America
Atlas: Mapping the Myths and Truths of the United States, authors Cynthia Enloe and Joni Seager paint a vivid
picture of life in the U.S., using a series of charts, graphics and short
essays that cover almost every aspect of the nation's economy and society as a
whole.
Not only do they give
state-by-state comparisons, they show how the U.S. measures up to the rest of the
world in areas such as health care, housing and defense. But while analyzing
what it's really like to live in the U.S. today, they also uncovered a few
"myths and truths" as the title of the book suggests.
Enloe and Seager joined
The Daily Ticker's Aaron Task to share three of the most surprising
misconceptions they uncovered.
#1 Land of
Homeowners
The dream of owning a
home is actually more the reality in other countries. In the book, the authors
point to the most recent data, which show only 68% of Americans owned their
home in 2002, compared with 92% in Hungry, 84% in Mexico, 72% in the U.K. and
71% in Australia.
"One of the things
that is a cherished notion about America is we are a nation of homeowners, and
homeownership has long been seen as kind of the bedrock of the American
dream," says Seager. "I think the current economic crisis and the
housing crisis is really shaking that American cherished view of ourselves as
having easy access to homeownership."
This is evident in
another stat laid out in the book, which shows 83% of people agreed that buying
a home was a safe investment in 2003, compared with 70% in 2010. (See: Why
I Am Never Going to Own a Home Again)
{ Home
ownership hits lowest level since 1965 NEW YORK
(CNNMoney) Les Christie August 5, 2011 As the
foreclosure crisis continues to wreak havoc on the housing market, a source of
national pride has taken a sour turn. Home ownership is on the decline and,
according to a recent Morgan Stanley report…’ }
#2 Land of
Opportunity
Just like the ideal of
owning a home, opportunity in this country is now also on the brink.
"Opportunity in
this country means a chance for an education … [and] a chance for a decent job
that allows you to have a decent life," says Enloe, who points to two key
factors that hinder people making it here in America.
#3 Land of Givers
While the U.S. does give
more money in foreign aid than any other country in the world, as a percentage
of GDP it falls way behind many other nations.
Whereas Sweden gives
almost 1% of its GDP in 2008, the U.S. gave 0.19%.
"I think it really
should shake Americans' self-perception of two things," says Enloe.
"[One] is cutting foreign aid actually the ticket to balancing the budget,
but also how do we shape up compared to other countries' generosity?" ’
Debt
Deal Is A Blank Check at Forbes
U.S.
Economic Pessimism Grows - Stacy
Curtin ‘While Democrats
and Republicans were arguing over how to prevent the U.S. from a default,
families across the country have become increasingly concerned about the
overall state of the economy, according to the American Enterprise
Institute's latest compilation of recent polls taken in various regions.
Friday's worse than
expected GDP numbers only reaffirm this notion. The U.S. economy grew less than
expected in the second quarter at 1.3%, but the bigger shock came after Q1 GDP
was revised down to 0.4% from 1.9%. These numbers suggest the country could be
headed for another recession and Americans are definitely feeling the pain. (See: 2011
Is Proving to Be a Horrible Year For the Economy)
One of the most
disconcerting findings in the AEI report is a CBS/New York Times poll from
June. It showed that over the last year, more Americans have come to believe
the current economic downturn is part of a long-term permanent decline and that
the economy will never fully recover. In October 2010, 28% of respondents
agreed with that statement, versus 39% last month.
"Americans are so
pessimistic about the economy now ... . And the level of public pessimism is
actually higher than the deep 1981-82 recession overall," due to grim
personal outlooks on a number of issues like jobs, retirement and health care,
says Karlyn Bowman, a senior fellow
at AEI who co-authored the report. "Their negative sentiments are
affecting the way they feel about their family's future, and interestingly, the
way they feel about their state governments. Usually negative attitudes about
the national government don't seep into attitudes about the state government,
but this time it is really different. This negative, gloomy mood is pervasive.
Speaker of the House John
Boehner echoed these concerns Thursday before one of the many failed House
votes to raise the country's debt ceiling. "This is a challenging time for
our country," he said. "Americans are worried about their jobs.
They're worried about our economy. And they're worried about our debt."
Since the polls in the
report were conducted before the debt-ceiling debate really began heating up
over the last few weeks, one might conclude that if the same questions were
asked today the responses would be even more pessimistic.
Here are other key
findings from the AEI report:
Job anxiety: In the past six months, about 5% of Americans
surveyed had lost their job, two in 10 said a family member had lost a job, and
six in 10 knew someone who lost a job.
In June 2011, 58 percent
were very or somewhat worried they could lose a job in the next 12 months.
Nearly eight in 10 say jobs are difficult to find where they live. Around a
quarter are worried about benefit or pay cuts.
Cutting back: Americans are cutting back on everything from health
care to haircuts. Fewer than four in 10 say their personal financial situation
is in excellent or good shape right now. Almost as many people say they are
falling behind as believe they are getting ahead, but the vast majority
describe their financial situation as having just enough money to maintain
their standard of living. Inflation worries are high and steady.
Retirement: There's been a dramatic drop in the number of
Americans who say they have enough money to retire. In 2002, around six in 10
believed they would have enough money. In the latest survey by Gallup in April,
only about four in 10 say they will.’
10
Reasons We Are Heading for a Recession
USAGOLD
RoundTable: Debt Ceiling “Resolution” – EU Sovereign Debt Crisis Aug 3rd,
2011 15:53 by News
We’re pleased to present our latest
RoundTable video discussion with our staff experts George Cooper, Peter Grant
and Jonathan Kosares {Immediate access here} Excerpt:
Now that the debt ceiling debate is over, and the dust is settling, the
market is beginning to get a picture of what, if anything, was accomplished,
and can be expected moving forward. The $2 trillion in cuts over ten years
amounts to a small dent in our annual deficit, suggesting that the U.S. will
continue to increase its debt to GDP ratio over the coming decade. The cuts
suggested will merely slow, not reverse, this trend. In the end, this debt deal
is nothing more than a giant kick of the can down the road, and a short road at
that. The hike to the debt ceiling looks to only buy about six months, so this
issue is set to be revisited next year. The market has digested this
“resolution” as such, and gold has responded sharply higher, rising $60 in two
days. The DOW meanwhile has come under significant pressure, shedding over 800
points in a week. Things across the pond are not looking any better. The credit
facility set up by the ECB is insufficient at best, and contagion remains an
enormous risk. Spreads on sovereign debt in Italy, Spain, Greece, Portugal and
Ireland are at or near all time highs. As talks of dramatically expanding the
credit facility heat up, we’re left to wonder if its even possible for Europe
to “go big enough” to calm market jitters. With Peter Grant, George Cooper, and
Jonathan Kosares. (24 min) The Daily Market Report
Aug 1st, 2011 12:01 by PG Relief?
What Relief? http://www.usagold.com/cpmforum
Late last night when party leaders and the President announced
that they had reached a bipartisan deal that would allow the debt ceiling to be
raised, gold dropped about 1%. Global stocks rallied in relief and briefly,
ever so briefly, gold was out of favor. However, as the details were revealed,
doubts were reignited: Doubts as to whether such legislation could actually
make it to the President’s desk. Doubts that the deal would avert a downgrade
of US sovereign debt.While the CBO scores the package as accomplishing $2.1
trillion in spending cuts over the next 10-years, the CBO baseline also has the
deficit rising $6.7 trillion over the same period. The premise apparently being
that we’re working our way to actual cutting by cutting to slow the pace of the
nation’s proliferate spending. In actuality — and as evidenced below — that CBO
baseline may prove to be way too optimistic.What really lit an intraday fire
under gold today was the big miss on US July ISM, which plunged to 50.9. The
market was expecting a modest downtick to 55.0 from 55.3 in June. On the heals
of last week’s much weaker than expected quarterly GDP data, it has become
abundantly apparent that the US economy has slowed to just above stall-speed.
David Rosenberg, chief economist at Gluskin Sheff and Associates, noted last
week that once the economy slows to a growth rate of 1.6% it has proven
historically to be a “point of no return” and recession follows. With Q1
downgraded to just 0.36% and Q2 an anemic 1.3% — and likely subject to future
negative revision as well — the writing may well be on the wall.The debt deal
is a short-term kick of the can that at least initially focuses on spending
cuts. However, with no mitigation of the uncertainties that have kept private
capital sidelined for the past two-years of the so-called recovery, there is
little reason to think that a more robust economy is just around the corner. In
fact, the opposite may be true. That realization, tipped in by the ISM data,
has further escalated the QE3 talk, which prompted gold to retest the record
high set Friday at 1632.39. Relief? What relief?If we get another negative
surprise on Friday when July nonfarm payrolls comes out, as the ISM employment
index suggests we might, the QE3 talk will intensify ever more in the weeks
ahead of the Fed’s Jackson Hole summit. Consensus on July payrolls are running
around +100k, although we could see some tempering of those expectations in
light of the ISM data.Even with the announcement of the debt ceiling deal, the
dollar remains on the ropes, falling to new record lows against the Swiss franc
and the yen. If this deal
makes it through both Houses of Congress and is signed by the President, it is
just another kick of the can — and a very short one at that — down the road.
And with the specter of yet another round of quantitative easing hanging over
the market, there is little incentive to buy dollars. Now the BoJ is once again
contemplating direct intervention in the market, as I suspect the SNB is. If
there are concerted efforts to slow the rise of these currencies, it may make gold
an even more alluring option.’
S&P
downgrades US credit rating from AAA The United States has lost its sterling credit rating
from Standard & Poor's.
S&P
Shocks the U.S. with Credit Downgrade to AA+ from Prestigious AAA Rating Wall St. Cheat Sheet August 5, 2011,
‘Standard & Poor’s
is out with an official
downgrade of the U.S. credit rating:
• We have lowered our
long-term sovereign credit rating on the United States of America to ‘AA+’ from
‘AAA’ and affirmed the ‘A-1+’ short-term rating.
• We have also removed
both the short- and long-term ratings from CreditWatch negative.
• The downgrade reflects
our opinion that the fiscal consolidation plan that Congress and the
Administration recently agreed to falls short of what, in our view, would be
necessary to stabilize the government’s medium-term debt dynamics.
• More broadly, the
downgrade reflects our view that the effectiveness, stability, and
predictability of American policymaking and political institutions have
weakened at a time of ongoing fiscal and economic challenges to a degree more
than we envisioned when we assigned a negative outlook to the rating on April
18, 2011.
• Since then, we have
changed our view of the difficulties in bridging the gulf between the political
parties over fiscal policy, which makes us pessimistic about the capacity of
Congress and the Administration to be able to leverage their agreement this
week into a broader fiscal consolidation plan that stabilizes the government’s
debt dynamics any time soon.
• The outlook on the
long-term rating is negative. We could lower the long-term rating to ‘AA’
within the next two years if we see that less reduction in spending than agreed
to, higher interest rates, or new fiscal pressures during the period result in
a higher general government debt trajectory than we currently assume in our
base case.
Investing Insights: Is
the Debt Ceiling Raise Bullish for Gold?’
13
Reasons Why The U.S. Is Now OFFICIALLY BANKRUPT Daily Bail | Stop the budget lies;
there are NO cuts. House passes bill to INCREASE spending by $7 trillion over
the next 10 years. ATTENTION IDIOTS IN
THE MAINSTREAM MEDIA – Stop The Budget Lies – There Are NO Cuts – House Passes
Bill To INCREASE Spending By $7 Trillion Over The Next 10 Years
Lies, Damn Lies And
Government Budgets
I am so pissed off by the
misreporting I could spit Ken Lewis hairballs.
#1) Corporate
journalists and financial pundits know NOTHING about budgets.
#2) The Boehner led
House passed legislation this evening that INCREASES
spending by $7 TRILLION over the next ten years versus a baseline budget
that would have increased spending by $9.5 TRILLION over the same period.
#3) CBO
said today that LESS than 2% of the decrease in the GROWTH of spending will
come before the 2012 elections. The remainder come after the election.
#4) Defense and war
machine spending will
grow at 3% per year instead of 4% per year.
#5) This was nothing but
an agreement to agree at a later date to look for reductions in planned
spending GROWTH.
#6) A Super Congress
will decide on a mix of tax increases and reductions in planned spending growth
to meet the targets at a later date.
#7) No
one in Congress even considered Ron Paul’s simple plan, now endorsed by Time
Magazine as well as liberal economist Dean Baker, to wipe out $1.6 trillion in
fake debt owned by the Federal Reserve. Debt that we owe to ourselves, that is entirely legal to wipe away.
#8.) CBO says under this
plan, the national debt will INCREASE from $14.4 TRILLION currently to more
than $25 TRILLION over the next 10 years.
#9) The assumption for
#8 above assumes the economy grows at 3% per year over the next 10 years, and
that Treasury interest rates stay at historic lows. When rates increase, and
bet your life that they will, interest on the debt will increase and so will
annual deficits, leading to a national debt much higher than the $25 TRILLION that CBO estimates.
#10) Regarding Treasury
rates and interest on the debt, get educated about a concept called ‘DURATION
RISK.’ Turbo Geithner and his MENSA bed-fellows at Treasury have chosen to
finance the great majority of recent and future borrowing in short-term bills,
which means that they have to be rolled over frequently. This is perhaps the
least-discussed and most dangerous issue related to Treasury debt.
#12) The bill passed by
Boehner tonight was the BEST they could do after 6 weeks of fighting.
#13) Due to #12, the United
States is officially f*cked.
Thank you and good
night.’
US
Closer to ‘Junk Bond’ Status Than Triple-A: Bove Aug 9th, 2011 14:41 by News August 9 (CNBC) — ‘ “You’ve got a company which is losing about
$1.4 trillion this year, probably will lose somewhere around a trillion dollars
over the next couple of years. It owes $14.4 trillion (and) over the next five
years that will get up to $20 trillion,” the Rochdale Securities analyst
said.“So there’s no likelihood whatsoever that this particular company is able
to pay down from its own resources the amount of debt that it has, nor is there
any likelihood that it’s going to get rid of its deficit,” he added. “If that
was a real company, of course, that would be a junk bond.”“I still would expect
to see a thousand-point down day at some point in this market as people come to
realize there has been a complete change in the financial structure of the
world,” he said’
If
U.S. Slides Into Recession, S&P 500 Could Drop To 830 at Forbes [The pervasively corrupt, defacto bankrupt
u.s. is already in recession (actually worse)!
Financial
Crisis Phase II Is Ahead at Forbes Bert Dohmen ‘ In late 2007, I wrote the book Prelude
To Meltdown, predicting the global crisis that
occurred the following year. I now see a similar confluence of events
that warns of phase II of the global crisis… My work shows that “the new
recession has started.”… Over the past 33 years, we have called the start of every
recession, often on the exact month, or within one month, of the official start
as determined one year later by the official arbiter of recession, the National
Bureau of Economic Research (NBER)… However, inflation is far understated for
political reasons. Currently, the GDP deflator is 1.8%, which hardly reflects
the true rise in prices. Therefore, what is counted as “growth,” is actually
price increases. Actual inflation, according to free market economists who
calculate inflation as it was done in 1980 before the politician re-engineered
it, is now more than 11%. Using that to adjust GDP for inflation, would show
that the economy is now in a very sharp contraction…’FLASHBACK HERE: Selling
In May Is Very Good Advice This Year Harding
Remember: Sell in May and Go Away and If You’ve Not Sold by
June, You’re a Loon! ‘ ‘Albert Edwards: Thinks the Market Could Fall 70%’ PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Stock
Market: 4 Current Warning Signs Navin ‘…1) The 5-year high in the level of insider corporate
stock sales is telling. At 565 sells for every 1 buy,
it’s never been higher. Why The Dow Will Plunge To 7,000 By 24/7 Wall St. S&P
Poised For Dropoff, Says Initial Jobless Claims Forbes /
Maureen Farrell ]
3
Ring Circus: Geithner, Buffett, and Obama Wall St. Cheat Sheet ‘…Treasury Secretary Tim
Geithner , who said last April that there was no risk the U.S. could loose its
AAA credit rating, voiced his thoughts on the downgrade. He said, “
They’ve handled themselves very poorly, and they’ve shown a stunning lack of
knowledge about the basic U.S. fiscal budget math.” What exactly are they
misunderstanding? The U.S. is the largest debtor nation in the world, and
spending outlays vastly outnumber revenue. Geithner went on to say that
U.S. bonds were just as safe after the downgrade as before, and predicted that
China and investors would remain strong buyers of government debt.On Monday
morning, with stock futures heading sharply lower, Warren Buffett tried to
inject confidence into the financial markets. Buffett explained that he
believes the U.S. debt is still rated AAA, and the downgrade does not change
his mind about government debt. In fact, the legendary investor holds $47
billion in cash and equivalents as of June 30th. He said, “ If I have to
buy Treasuries at zero percent yield, I will.” At least the large cash
hoard shows that Buffett puts his money where his mouth is. However, one
also has to wonder if Buffett’s shareholdings in Moody’s , a rival credit
agency to S&P, has anything to do with his criticism of S&P. To
add fuel to the fire, S&P also cut Buffett’s Berkshire Hathaway outlook
from stable to negative.Not to be outdone by Warren Buffett’s AAA endorsement,
President Obama made a public announcement of his own on Monday. Despite
America’s financial hardship across the board, the President said, “ I’d give
U.S. a quadruple-A rating.” This was puzzling for many reasons ( besides
the fact there is no quadruple-A rating). America has a hard enough time
keeping its AA+ or AAA rating, let alone achieving some pipe dream quadruple-A
rating. S&P may be the credit agency causing controversy now, but
it’s not the only credit agency to downgrade America. China’s credit
rating agency Dagong , recently cut America’s debt rating from A+ to A,
with a negative outlook. Dagong had already cut America’s credit rating
last November from AA to A+ after QE2 was announced.By the end of Monday, it
was announced that the Senate banking committee had started a probe into the
downgrade actions of S&P. However, the damage is already done,
confidence is broken in the markets. Gold constantly reaching new highs
is a clear example of this. Perhaps the Senate banking committee should
probe Fitch and Moody’s and investigate why they still have AAA ratings on U.S.
debt?...’
Izabella Kaminska on Aug
09 2011
Thought the current
turmoil was down to the downgrade of US debt? Wrong!
According to Societe
Generale’s uber bear, Albert Edwards, this has absolutely nothing to do with
S&P, the White House, Tea Party etc. It’s the economy stupid:
The simple fact is
that the global economy is falling back into recession or indeed is already in
recession. Equity markets
were sliding before the downgrade and bond yields were reacting as one would
have expected to the dire economic data. The S&P downgrade may have caused
the breach of critical support levels of 1250 on the S&P, but anything
could have caused that breach and triggered the technical rout. Expect some sort
of retest of this neckline before the market ultimately meets its date with
destiny.
Recent US GDP revisions
revealed QE2 to be an abject failure as far as producing an economic recovery
is concerned with dire 0.9% annualised growth reported in H1 2011. Yet to a man
with a hammer, everything is a nail. Hence despite rising core inflation, there
is certainly a level of economic and/or market pain to prompt QE3. But expect
the real fireworks to occur when the adrenalin rush of QE3 wears off even
quicker than QE2.
There are still some
diehard ‘happy clappies’ out there who think we are going to avert recession
and the markets will recover. Yet US
GDP growth has now fallen below the wellknown 2% stall speed, below which the
economy does not seem to be able to regain altitude but instead crashes
directly into recession.
Which means it’s time to
come to terms with the fact that recession 2.0 (or was it ever really a
recovery?) is on its way whether you like it or not:
At the current (Q2) rate
of 1.6% yoy GDP growth, my fellow bear (realist?), David Rosenberg at Gluskin
Sheff, points out in the chart below that a US recession is almost certainly a
done deal (never say certain, as in 1956, when recession was temporarily
averted for all of nine months). But
with this sort of record the onus is now on the optimists to demonstrate why on
earth they still believe in a second-half recovery and growth in 2012.
Now, anyone who bought
into the dulcet tones of the bullish brigrade is likely to do very badly. A
fact which will come as hubris. In Edwards’ opinion if you were dumb enough to
listen to that story, well… you reap what you sow:
And in the same way that
a country is said to get the government it deserves, I believe the market gets
the macro commentators it deserves: i.e. perpetually bullish analysts, taking
no personal risk with their never-ending consensus chatter.
After all it was always
pretty obvious what was going to happen.
It was just a question
of when, rather than if:
Put into its proper Ice
Age context, the events of the past decade are entirely explicable. As we see a
short-lived economic recovery failing only two years into the cycle and a
plunge back into recession, we remind investors that this was exactly the Ice
Age template that Japan showed us. A fragile recovery undermined by private
sector deleveraging collapses as a semi-bankrupt government tries to rein in
runaway deficits.
What next? Well, it’s
Ice Age 3.
Here’s how it goes and
this is very much of the moment (especially if you are a London resident):
We are now entering the
third phase of the Ice Age when another cyclical failure combines with a
secular de-rating of equities and re-rating of government bonds. I and many
others have been pointing out for a long time now the simple fact that the global
economy has been living way beyond its means for years. A massive transfer of income to the very rich has
occurred while middle class real incomes stagnated. The middle classes only
tolerated this because Central Bankers created housing booms to keep the
impoverished middle classes borrowing and spending to give them the illusion of
prosperity and stop them from revolting.
I believe the Fed and
Bank of England, in particular, were wholly complicit in this ‘daylight
robbery’ (see
link). These unsustainable private sector, debt mountains
were transferred to the public sector in 2008 to prevent the adjustment to
the depression-era reality that the debt unwind would undoubtedly have
brought about. Yet, those debts are as unsustainable in the hands of the
public sector as they were in the private sector.
Central bank polices
haven’t changed though. Print and print and print. And if that doesn’t work,
print some more. And as London burns, the point I have always made is that the
US and UK are not like Japan in one very special way. Although Japan suffered a
decade of pain it is a very homogenous, equal society. The UK and US are not.
Some readers may not know that rioting and looting has broken out around
London. While I hear the UK politicians
denounce the looters as common criminals (which of course they are), I can’t
help but think that Louis XVI in 1789 and Tsar Nicolas II in 1917 might have
said the same thing.
Crikey,
Here comes the
revolution. Prepare.’
The Fed didn’t announce
a new policy. And despite what some press reports said, it didn’t even commit
to keeping rates low; all it did was say that if the economy stays weak, rates
will stay low — well, duh — and that it might think about doing other stuff one
of these days.
Durden is amazed:
Following a 600 point
plunge in the DJIA yesterday, today we see a 400 point surge following the
presentation of the weak case of the expected Bernanke Put. And completing the
amazement, the 10 Year bond, moved to almost record lows, and then retraced
virtually the entire move, as nobody knows what central planning has in store
for America any longer. Additionally, after being up 50%, VIX is now down 22%.
Congratulations Ben: in taking central planning to nth double-down
levels, you have now broken not only the stock, but the bond market as well…’
The 10
Most Indebted Governments in the World
http://wallstcheatsheet.com/stocks/the-10-most-indebted-governments-in-the-world.html
‘…Coming in first place is Japan (NYSE:EWJ),
with a whopping $13.795 trillion in debt, just short of the the $14.27 trillion
in debt the U.S. carries .. Coming in second against Japan in terms of its
debt-to-GDP ratio is Greece, where debt is a relatively low 139% of GDPHot
Feature: Who Owns U.S. Debt? Following Greece on the
list is Italy (NYSE:EWI), then Iceland, Belgium, Ireland, and the U.S. So
why isn’t Japan enduring the same kind of financial crisis that so many
countries with significantly less debt are currently facing? The answer is
simple: Japan owes most of its debt to itself. In comparison, the U.S. owes
about 30% of its debt to foreign investors, with China (NYSE:FXI)
holding $1.1 billion in U.S. debt, more than any other country…’
Fear Index
VIX Up 50%, And In Backwardation, Confirms Fully Fledged Bear Market Volatility slapped markets in the face on Monday,
surging 50% in its biggest one-day move since February 2007. Furthermore,
the whole VIX futures curve has been inverted and is in backwardation, indi...
The Entire
World Is Going Bear Market Business Insider | A scary aspect of this selloff:
There’s nowhere safe.
8 More Reasons Why You Should Be Deeply Concerned That
The U.S. Government Has Lost Its AAA Credit Rating The Economic
Collapse | Are you ready for part two of the global financial collapse? When we
examine this “deal” that way, what does it look like? The
Economic Collapse Aug 9, 2011 ‘Are you ready for part two
of the global financial collapse? Many now fear that we may be on the
verge of a repeat of 2008 after the events of the last several days. On
Friday, Standard & Poor’s stripped the U.S. government of its AAA credit
rating for the first time in history. World financial markets had been
anticipating a potential downgrade, but that still didn’t stop panic from
ensuing as this week began. On Monday, the Dow Jones Industrial
Average dropped 634.76 points, which represented a 5.5 percent plunge. It
was the largest one day point decline and the largest one day percentage
decline since December 1, 2008. Overall, stocks have fallen by about 15
percent over the past two weeks. When Standard & Poor’s downgraded
long-term U.S. government debt from AAA to AA+, it was just one more indication
that faith in the U.S. financial system is faltering. Previously, U.S.
government debt had a AAA rating from S&P continuously since 1941, but now
that streak is over. Nobody is quite sure what comes next. We
truly are in unprecedented territory. But one thing is for sure – there
is a lot of fear in the air right now.So exactly what caused S&P to
downgrade U.S. government debt?Well, it was the debt ceiling deal that broke
the camel’s back.According to S&P, the
debt ceiling deal “falls short of what, in our view, would be necessary to
stabilize the government’s medium-term debt dynamics.”As I have written about
previously, the debt ceiling deal was a complete and
total joke, and S&P realized this.Forget all of the huge figures that the
mainstream media has been throwing at you concerning this debt ceiling
deal. The only numbers that matter are for what happens before the next
election.The only way that the current debt ceiling deal will last beyond the
2012 election is if Obama is still president, the Democrats still control the
Senate and the Republicans still control the House. If any of those
things change, this deal ceiling deal is dead as soon as the election is
over.Even if all of those things remain the same, there is still a very good
chance that we would see dramatic changes to the deal after the next
election.So in evaluating this “deal”, the important thing is to look at what
is going to happen prior to the 2012 election.Well, Barack Obama and the
Democrats get the debt ceiling raised by over 2 trillion dollars and will not
have to worry about it again until after the 2012 election.The Republicans get
25 billion dollars in “savings” from spending increases that will be cancelled.The
“Super Congress” that is supposed to be coming up with the second phase of the
plan may propose some additional “spending cuts” that would go into effect
before the 2012 election, but that seems unlikely.So in the final analysis, the
Democrats won the debt ceiling battle by a landslide.25 billion dollars is not
even 1 percent of the federal budget. The U.S. national debt continues to spiral wildly out of
control, and our politicians could not even cut the budget by one
percent.Somehow our politicians believed that the rest of the world would be
convinced that they were serious about cutting the budget, but it turns out
that global financial markets are tired of getting fooled.It has gotten to the
point where now even the big credit rating agencies are being forced to do
something. Not that they really have much credibility left.
Everyone still remembers all of those AAA-rated mortgage-backed securities that
imploded during the last financial crisis. The reality is that the big
credit rating agencies are a bad joke at this point.Several smaller credit
rating agencies have already significantly slashed the credit rating of the
U.S. government. But a lot of pressure had been put on the “big three” to
keep them in line.But now things have gotten so ridiculous that S&P felt
forced to make a move.Sadly, our politicians are still trying to maintain the
charade that everything is okay. Barack
Obama says that financial markets “still believe our credit is AAA and the
world’s investors agree”.Once again, Barack Obama is dead wrong.The truth is
that the credit rating for the U.S. government should have been slashed
significantly a long time ago. This move by S&P was way, way
overdue.Moody’s might be the next one to issue a downgrade. At the
moment, Moody’s says that it will not be downgrading U.S. debt for now, but
Moody’s also says that it has serious doubts about the
enforceability of the “budget cuts” in the debt ceiling deal.This crisis is
just beginning. It is going to play out over time, and it is going to be
very messy.The following are 8 more reasons why you should be deeply concerned
that the U.S. government has lost its AAA credit rating….
#1 The U.S. dollar and U.S. government debt are at the
very heart of the global financial system. This credit rating downgrade
just doesn’t affect the United States – it literally shakes the financial
foundations of the entire world.
#2 As the stock market crashes, investors are flocking
to U.S. Treasuries right now. However, once the current panic is over the
U.S. could be faced with increased borrowing costs. The credit rating
downgrade is a signal to investors that they should be receiving a higher rate
of return for investing in U.S. government debt. If interest rates on
U.S. government debt do end up going up, that is going to make it more
expensive for the U.S. government to borrow money. The higher interest on
the national debt goes, the more difficult it is going to become to balance the
budget.
#3 We could literally see hundreds of other credit
rating downgrades now that long-term U.S. government debt has been
downgraded. For example, S&P has already slashed the credit ratings
of Fannie Mae and Freddie Mac from AAA to AA+. S&P has also already begun to
downgrade the credit ratings of states and municipalities. Nobody is
quite sure when we are going to see the dominoes stop falling, and this is not
going to be a good thing for the U.S. economy.
#4 10-year U.S. Treasuries are the basis for a whole
lot of other interest rates throughout our economy. If we see the rate
for 10-year U.S. Treasuries go up significantly, it will suddenly become a lot
more expensive to get a car loan or a home loan.
#5 The current financial panic caused by this downgrade
is hitting financial stocks really hard. The big banks led the decline
back in 2008, and it looks like it might be happening again. Just check
out what CNN says happened to
financial stocks on Monday….
Financial stocks were among the hardest hit, with Bank of
America (BAC, Fortune 500) plunging 20%, and Citigroup (C, Fortune 500) and
Morgan Stanley (MS, Fortune 500) dropped roughly 15%.
#6 China is freaking out. China’s official news
agency says that China “has every right now to demand the United States to
address its structural debt problems and ensure the safety of China’s dollar
assets”. If China starts dumping U.S. government debt that would make
things a lot worse.
#7 There are already calls for the Federal Reserve to
step in and do something. If the U.S. economy drops into another
recession, will we see more quantitative easing? It seems like we have
reached a point where the Fed is constantly in “emergency mode”.
#8 The U.S. national debt continues to get worse by the
day. Just check out what economics professor
Laurence J. Kotlikoff recently told NPR….
“If you add up all the promises that have been made for spending
obligations, including defense expenditures, and you subtract all the taxes
that we expect to collect, the difference is $211 trillion. That’s the fiscal
gap”
Dick Cheney once said
that “deficits don’t matter”, but the truth is that all of the debt we have
been piling up for decades is now catching up with us.The United States is in
such a huge amount of financial trouble that it is hard to put into
words. The days of easy borrowing for the U.S government are starting to
come to an end. We have been living in the greatest debt bubble in the
history of the world, and it has fueled a tremendous amount of “prosperity”,
but now the party is ending.
A whole lot of financial
pain is on the horizon. Please prepare for the hard times that are
coming.’
Don't
Fall For The Market's Head Fakes at
Forbes David Trainer ‘The market decline experienced thus far
is closer to its beginning rather than its end. Tuesday’s refreshing market
rise was likely just a flash in the pan.
There is nothing that
politicians or regulators can do to prevent the natural price discovery
that is critical to the long-term health of our capitalist system.
The market needs to go
down again before it can sustain any future rise.
We simply must deal
with the loads of toxic and mis-allocated capital that our profligate society
has created over the past 20+ years.
Allow me to explain how
we got ourselves in this situation. The figure below highlights the three
successive stock market bubbles in just over 10 years. Compare the size of
these bubbles and the rise in stock prices over the last 25 years compared to
the prior 65 years. A simple trendline further accentuates just how much
stock prices have appreciated compared to historical trends.
Figure 1: Historically
Enormous Stock Market Bubbles Keep Coming Back
http://blog.newconstructs.com/wp-content/uploads/2011/08/figure1.jpg
Sources: New Constructs,
LLC and Ibbotson Ibbotson, 2010 Ibbotson Stocks, Bonds, Bills and Inflation
Valuation Yearbook, (Chicago: Morning Star, 2008), 228–229. *Large Cap
Stocks as defined by Ibbotson are the best comparison for the S&P 500,
which did not exist as it does today in 1926.
I am not suggesting
that stock prices should revert to the long-term trendline. I fully appreciate
the accelerating pace of innovation realized by our society and its
impact on standards of living and improved utilization of resources.
There is no question
that we live in unprecedented times of prosperity and wealth creation. And
technology holds great promise for the future achievement of mankind and
will drive improvement in the standards of living around the world.
The problem is that we
have gotten ahead of ourselves. By how much, I am not sure. But I am sure
that we are due a (lasting) correction in the stock market, and the longer
that correction is put off, the more painful it will be.
To illustrate, let’s
review what drove the last two market bubbles.
Now, let’s review what
happened after these bubbles burst.
See the response pattern?
See how it affected the markets?
It is as if the bubbles
never burst. Game back on. Like a high-school party, the music stops and everyone
is quiet when the cops show up. Someone convinces the cops that nothing
unscrupulous is going on and all will be calm and quiet. Then, as soon as the
cop car is out of sight, the music gets turned back on and the party goes
harder.
What will be the
response to the third bubble that is forming?
That is the question
that I think the market is finally facing. The answer is not the same as
before.
The government has run
out of stimulus and policy bullets.
Really, what else can
politicians and regulators do to engineer a soft landing, or should I
say, another bubble.
Figure 1 shows that we
never really landed. We rocketed from one bubble to the next.
Let’s take a look at the
options available via the two main forces for stimulating economic
recovery:
So, who is going to bail
us out this time?
My overriding message
is that no one should have bailed us out to begin with. The longer we avoid the
painful process of deleveraging and returning to a more deliberate and
rational mode of capital allocation, the more we delay the inevitable. The
more we shift the blame for our financial mistakes to the public sector,
the deeper the hole we must dig out of.
Which brings me to the
next point: shifting responsibility to the public sector, i.e. government,
presents some very serious problems and headwinds for future growth:
Until we allow the natural
price discovery that unfettered markets are designed to provide, we continue
to subsidize unproductive investments. And the longer we subsidize unproductive
investments, the more wealth (and jobs) we destroy in the present and in the
future.
Sure, it feels better
when the stock market skyrockets, bank accounts are fat, growth is strong
and the financial future is bright. Wasn’t that what we got in the 1990s, then
again in the first decade of this century?
It cannot go on forever.
Consider how much the housing bubble was driven by too much borrowing?
Though financing might be cheap and easy to get for extended periods of time,
there is not an infinite supply.
At its core, borrowing
is simply a method of cashing in today on future earnings. The more we borrow
against future earnings, the less we have in the future.
Using borrowed funds to
subsidize unproductive investments only compounds and accelerates
wealth destruction.
Keynesian policies
can be successful in certain situations and for limited amounts of time,
but they cannot be sustained infinitely. Borrowing and spending by the
government can help the economy survive a soft patch or decrease the depth
of a recession, but it does not fix the underlying capital allocation
problem.
Keynesian economic
policies are patches to economic problems, not fixes. If extended for too
long, they only make matters worse.
Before the housing bubble,
the government was levered to the hilt. After the housing bubble, consumers
are also levered to the hilt. Both are struggling to balance their
checkbooks.
So who is left to bail
us out? Only two potential candidates: American corporations and foreign
countries.
A quick survey of the
status of the other major economic powers is not exactly inspiring. China
is slowing growth to fight its inflation problems. The European Unions,
well, they have their own problems. Japan is not exactly prospering. In general,
there are few, if any, global economic bright spots. None are large enough to
bail out anyone.
There are many bright
spots in corporate America. Companies like Apple (AAPL-very attractive rating), Google (GOOG-very attractive rating), Microsoft (MSFT-very attractive rating) and many others
are as profitable as ever. Their returns on capital rank among the very best
in the world. They are shining examples of capital realizing its highest
and best use. For the country as a whole, cash flow returns on assets are near
all-time highs. Much of the recent profits, however, have come at the expense
of the consumer as wages have grown much more slowly than profits.
Then, there are the
banks. US banks recently enjoyed the largest bailout in the history of the world.
Further, their profit margins have been subsidized by sustained low interest
rates. And yet, they are lending little money.
Is the problem that
banks do not want to lend or that there are not enough borrowers?
I think the answer is
both. Many banks are still carrying a great deal of toxic assets. With so
much risk already on their balance sheet, they cannot afford to take
on more.
As for borrowers, the
uncertain tax, regulatory and economic outlooks are not exactly enticing
entrepreneurs, small and large businesses to take risk.
To summarize, there is
no one left to bail us out this time.
So, what happens next?
We buckle down and face the long hard road to true, not artificially subsidized
recovery.
We recognize facts:
In the meantime, the
stock market and economic activity will continue to suffer. No pain
no gain.’
Stock
Market Slide Is the Latest Blow to the Middle ClassThe Daily Ticker Peter Gorenstein ‘Stocks resumed
their decline on Wednesday -- the third big drop in the last five trading days.
The Dow Jones Industrial
Average closed down 520 points, or 4.6%. The S&P 500 fell 4.4% to close
at 1,121, while the Nasdaq
was taken down more than 101 points to the end the day at 2,381.In other words,
Tuesday's gains, in which the Dow jumped 430 points, are a distant
memory.Stocks are on track for their worst monthly drop since after the Lehman
Brothers bankruptcy in the fall of 2008. After making steady gains in their
401(k) plans since then, average Americans are once again falling further
behind on their retirement goals. The recent drop in the market is making
headlines, but as Aaron Task and the Breakout team discuss in this clip, it's
by no means the only economic hardship facing the middle class -- it's just the
latest. Here are some other headlines you might have missed while you were
watching your portfolio shrink over the last few days.
HORRIFIC HOUSING
MARKET
Existing home sales fell
2.8%
in the second quarter compared to a year ago, according to the National
Association of Realtors. The number of home sales is also off, falling 5.4%
from the previous quarter and is down almost 13% compared to the sometime last
year. At this rate the housing market will continue to be a drag on the
economy.
BACKDOOR BAILOUT
FOR BANKS
Meanwhile, as homeowner
pain reaches new heights, it appears banks continue to receive favorable
treatment from the government. The
Wall Street Journal reports Fannie Mae -- essentially a government entity
(that by the way continues to receive billions in taxpayer aid each quarter) --
just spent $500 million to buy the servicing rights to a Bank of America (BAC) portfolio of
"seven million loans still causing the most problems." That's what
they call a backdoor bailout.Speaking of Bank of America, the stock continued
to mirror the pattern of steep sell-offs and furious rallies seen in the
broader market. This time, shares of BofA were down 10.9% to $6.77. A
conference call held by CEO Brian Moynihan with investors, led by Fairholme's Bruce
Berkowitz, didn't help the bank's cause. According to a summary
of the call in the WSJ, Moynihan pushed back against those who would
question how he has performed while leading the company, and he said BofA would
not part ways with brokerage firm Merrill Lynch. Additionally, he said there
weren't "many days when I get up and think positively about the
Countrywide transaction in 2008."BofA bought the big mortgage firm during
the 2008 credit crisis, and it has been responsible for a gigantic financial
drag on the firm in the time since.
FED'S FOLLY
The Federal Reserve on
Tuesday said it will keep interest rates "exceptionally
low" through the middle of 2013. That and the possibility of more
quantitative easing may eventually reflate assets -- a good thing for stock
portfolios. The problem is the Fed's reaction to the crisis has and will
continue to do little to improve real economic conditions, such as stubbornly
high unemployment, which remains at 9.1% more than two years after the
financial crisis. And, for those able to save some money, the low interest
rates aren't rewarding your bank accounts. Add it all up, and unfortunately
there's little to feel good about.’
The following is my
comment to an LA Times article regarding a Justice Department cover-up! As for
your inquiry, all I think about day and night is a long overdue resolution to
the RICO litigation as set forth therein:
I believe him!
Here’s some real,
complicit cover-up / fraud on the part of the federal government, et als:
October 15, 2010 (*see
infra {ultimately delivered by UPS})
Steven M. Martinez,
Assistant Director In Charge
Federal Bureau of Investigation, USDOJ
Dear Sir:
I enclose herewith 3
copies of the within DVD rom autorun disk (which will open in your computer’s
browser) as per your office’s request as made this day (the disk and contents
have been scanned by Avast, McAfee, and Norton which I’ve installed on my
computer to prevent viral attacks / infection and are without threat). I also
include 1 copy of the DVD as filed with the subject court as referenced therein
(which files are also included on the aforesaid 3 disks in a separate folder
named ‘112208opocoan’). The (civil) RICO action (as you’re aware, the RICO Act
is a criminal statute which provides a civil remedy, including treble damages
and attorney fees, as an incentive for private prosecution of said claims
probably owing to the fact that the USDOJ seems somewhat overwhelmed and in
need of such assistance given the seriousness and prevalence of said violations
of law which have a corrupting influence on the process, and which corruption
is pervasive). A grievance complaint against Coan was also filed concurrently with
the subject action and held in abeyance pending resolution of the action which
was illegally dismissed without any supporting law and in contravention of the
Order of The Honorable Robert N. Chatigny, Chief Judge, USDC, District
Connecticut. The files below the horizontal rule are the referenced documents
as filed. (Owing to the damage to the financial interests of both the U.S. and
the District of Congresswoman Roybal-Allard, viz., Los Angeles, the Qui Tam
provisions of the Federal False Claims
Act probably would apply and I would absent resolution seek to refer the within
to a firm with expertise in that area of the law with which I am not familiar).
The document in 5 pages
under penalty of perjury I was asked to forward to the FBI office in New Haven
is probably the best and most concise summary of the case RICO Summary to
FBI Under Penalty of Perjury at Their Request (5
pages) [
ricosummarytoFBIunderpenaltyofperjury.pdf http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf
].
The correspondence I
received from the Congresswoman by way of email attachment (apparent but
typical problem with my mail) along with my response thereto is included on the
3 disks as
fbicorrespondencereyes.htm . With regard to
the calls to the FBI’s LA and New Haven, CT offices: There was one call to the
LA office and I was referred to the Long Beach, CA office where I personally
met with FBI Agent Jeff Hayes to whom I gave probative evidentiary documents of
the money laundering which he confirmed as indicative of same (he was
transferred from said office within approximately a month of said meeting and
his location was not disclosed to me upon inquiry). The matter was assigned to
FBI Agent Ron Barndollar and we remained in touch for in excess of a decade
until he abruptly retired (our last conversation prior to his retirement
related to the case and parenthetically, Rudy Giuliani whose father I stated
had been an enforcer for the mob to which he registered disbelief and requested
I prove it, which I did – he served 12 years in prison, aggravated
assault/manslaughter? – and no, there is no Chinese wall of separation – Andrew
Maloney’s the one that prosecuted gotti).
In contradistinction to
the statement in said correspondence, there is a plethora of information
including evidence supporting the claims set forth in the RICO VERIFIED COMPLAINT (see
infra). Such includes and as set forth in the case, inter alia,
There is applicable
insurance / surety coverage and neither LA, nor creditors, nor I should
continue to have been damaged by this brazened corrupt and illegal scenario,
which should be resolved in accordance with the meaningful rules of law
apposite thereto.
Sincerely,
Albert L. Peia
611 E. 5th
Street, #404
Los Angeles, CA 90013
(213) 219-**** (cell
phone)
(213) 622-3745 (listed
land line but there are unresolved problems with the line, computer connection
may be the reason but I hesitate to chance greater non-performance / worsening
by their ‘fix’ so cell phone best for contact).{recent change 323-786-6651
-magic jack}
----------
*The foregoing and as
indicated therein was previously send 9-14-10 but delivery confirmation was
flawed as set forth below and my inquiries to the u.s. postal service rebuffed
(I believe tampered with inasmuch as your office could not locate same). This
cover letter (9-13-10) is on the 3 disks with navigable hyperlinks to the
subject files for ease of reference, including the files in the RICO action as
indicated. (10-15-10) I spoke with Rose, FBI, ADIC Secretary, who indicates
once again that your office has not received the aforesaid and which can
reasonably be presumed to have been tampered with, and hence, a violation of
the federal statute concerning same. (Ultimately delivered by UPS) ]
http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases against Wall Street lag despite Holder’s vows to target
financial fraud WP Obama has promised to hold Wall
Street accountable for the meltdown. America Is a Failed State Because It Won’t Prosecute Financial
Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm
Rank |
|
||
# 1 |
11,877,218 |
|
|
# 2 |
6,523,706 |
|
|
# 3 |
6,507,394 |
|
UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ignore cases that involve black
defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target
financial fraud WP | Obama has promised to hold Wall
Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Sincerely and Regards,
Al Peia
----------
*The foregoing and as
indicated therein was previously send 9-14-10 but delivery confirmation was
flawed as set forth below and my inquiries to the u.s. postal service rebuffed
(I believe tampered with inasmuch as your office could not locate same). This
cover letter (9-13-10) is on the 3 disks with navigable hyperlinks to the
subject files for ease of reference, including the files in the RICO action as
indicated. (10-15-10) I spoke with Rose, FBI, ADIC Secretary, who indicates
once again that your office has not received the aforesaid and which can
reasonably be presumed to have been tampered with, and hence, a violation of
the federal statute concerning same. (Ultimately delivered by UPS) ]
Five
myths about the Dow What drives it up and down? Is it a good market
barometer? (Washington Post) [ Yeah! This is a great topic which seems an
age-old quandary manifesting in different forms at different times. Indeed, in
my evening MBA program studies at NYU, GBA (MBA Finance, 1977) the ‘questions’
concerning the Dow from an investment perspective were in no short supply (ie.,
from not being representative of the market, to higher p/e multiples, to slower
growth from mature companies, to higher prices per share on an absolute basis,
etc.). When asked why the Dow, the Security Analysis Professor, Dr. Douglas
Bellmore, an extremely successful analyst / investor / author on finance in his
own right, and head of the research arm / department of an institutional wall
street brokerage firm by day, would respond simply by saying, ‘ he wasn’t
interested in ‘buying the market’ (cited were concerns of liquidity with his
oft-repeated rhetorical quip, ‘sell … to whom?’, which was often problematic to
the substantial downside then, particularly for Nasdaq / Over-the-counter’
issues which is far less problematic today with computer efficiency undreamed
of then (though also now used for nefarious fraudulent purposes undreamed of
then)[ I began my MBA thesis with him and completed same owing to his vacation
in the summer, 1977, with the great, eloquent, and astute Economist /
Professor, Dr. Robert Kavesh (‘Economic Forecasting’ Butler and Kavesh – I had
his course of the same name as his book) since I was beginning law school
evenings that fall. ] ( Interestingly, in the bond analysis portion of the
course I asked whether you can and should rely on the rating companies,
predominantly S&P. He paused, and said ‘that’s a good question’ – it was
also the only time he said such of my questions – then responded affirmatively,
‘yes, you can rely on them’ (different time, different place – I’m sure his
answer would have been substantially different today). The
frauds on wall street et als should be criminally prosecuted, jailed, fined,
and disgorgement imposed! So what’s changed of
significance (other than the full moon and consequent effects on the lunatic
wall street frauds Train
Reading: The Stock Market Is Insane
The Wall Street Journal
GE
‘all in’ on aviation deal with China
Challenge of China: Put technology on the table — and keep some U.S.
jobs — or miss the huge market. (Washington Post) [ ‘Lotta weighin’ goin’ on!
Riiiiight! Don’t make me laugh! Is
China Bad For The US Job Market? at
Forbes [ Duh! Ya think. Come on! Even rhetorically there’s no real question
here. There’s no upside nor room for discussion on this point. Even when
thinking they’re buying american, ie., apple, etc., they’re buying Chinese,
Korean, Japanese, etc. (components); and yet, american tech is still absolutely
horrendous. And, let me add that the communist Chinese are far from brilliant;
one need only witness that Chinese leader standing with ‘lobotomy joe biden’
assuring all they’ll be no default … double duh! … as pervasively corrupt,
defacto bankrupt america’s printing those evermore worthless dollars at warp
speed. What dopes they are! Yes, like the bureaucratic plutocracy americans the
communist Chinese whose success is measured in capitalistic terms are getting
dumber and dumber like ‘their american fiances’. ] Has China
single handedly destroyed the U.S. job market? [Not china, but rather those
geniuses at the cia, nsa, corporate execs, the bushes/poppy-san the former
communist Chinese ambassador and that strategic ‘engagement’ thing. Wake up …
smell the b***s***, not roses! ]
Rep.
Waters to tea party: ‘Go straight to hell’ (Washington Post) [ Drudgereport: SANTORUM: 'maxine waters is vile' [
she’s worse than that, and a total embarassment for america and california
particularly! ] ...
Maxine
Waters: 'The tea party can go straight to hell'...
Tea Party
fires back...
MORGAN
FREEMAN TELLS OBAMA TO 'GET PISSED OFF' [ sounds like a plan … ****** to ******
… the ****** plan! ] ...
Obama
Economists Admit: 'Stimulus' Cost $278,000 per Job...
Philadelphia
extends curfew after flash mobs [ new u.s. Christmas carol – ‘america’s
beginning to look a lot like sub-saharan africa, everywhere you go’ . They are
beasts of burden at most who are a burden to most at best … you’ll never change them … Think about all
those costly ‘make-work’ jobs that serve no real economic purpose; ie.,
federal, state, local, uspostal service, etc.. And, they can’t even do those jobs
reliably, efficiently, effectively which is a drag on civilized society! ] ...
Details of Obama’s jobs plan emerge President is thinking about proposing tax cuts for companies that hire workers, new spending for roads and construction, and other measures that target the long-term unemployed, administration officials say. (Washington Post) [ Oh come on! Too little, too late for ‘wobama the b’ (for b***s***), the eternal campaign(er) … he’s got a ‘good rap’ … that rapper ‘wobama the b’ (for b***s***). Really! He’s a total embarrassment out there on the campaign trail; and just as much an embarrassment for those who turn out to see him … maybe he’s somewhat of an allure as in a freak show. He’s a total joke! To be finally talking jobs and things just before the election having broken previous campaign promises in his failed role as ‘bush failure 3’. Even his pension is undeserved so much a fraud is he! Black caucus: Tired of making excuses for Obama [ They are not alone! ] Washington Examiner | A key member of the Congressional Black Caucus says they don’t pressure President Obama because he is loved by black voters. Obama ‘Takes More Vacations Than Any Human Being I’ve Ever Seen’ Fox News | “Here we have a country that really is going to hell in a handbasket.” Bus Tour Bust: Obama’s Approval Plummets Back Into 30s, Says Gallup CNS News | Obama’s politically charged but taxpayer funded bus tour through the Midwest turned into a bust yesterday. Disapproval of Congress Hits All Time High of 84% Paul Joseph Watson | Americans are more upset with political leadership than ever before.
Drudgereport: BLACK
CAUCUS ON OBAMA: 'WE'RE GETTING TIRED' [ Not as tired of wobama’s
b***s*** / excuses as the ‘White Caucus’ and any other Caucus – but, don’t be
taken in by their b***s***; they’ll ‘back the black’ every time,
regardless! ]New
low of 26% approve of Obama on economy...
Inflation
builds...
FOOD PRICES
RISING...
UNEMPLOYMENT
UP...
OBAMA TO LAY
OUT JOBS PLAN -- AFTER VACATION...
'Takes More
Vacations Than Any Human Being I've Ever Seen'...
Commiserates
with jobless, then off to the Vineyard...
Even
that italian, belafonte, isn’t buying ‘wobama brand(ed)’:
Drudgereport:
HARRY
BELAFONTE: Obama 'has failed'...
NOONAN: 'HE IS A LOSER'...
GALLUP: 40%
APPROVAL...
Obama takes
debt battle to TWITTER, loses more than 33,000 followers...
FARRAKHAN:
'THAT'S A MURDERER IN THE WHITE HOUSE'...
http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases against Wall Street lag despite Holder’s vows to target
financial fraud WP Obama has promised to hold Wall
Street accountable for the meltdown. America Is a Failed State Because It Won’t Prosecute Financial
Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm
Rank |
|
||
# 1 |
11,877,218 |
|
|
# 2 |
6,523,706 |
|
|
# 3 |
6,507,394 |
|
UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE...‘ignore cases that involve black
defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target
financial fraud WP | Obama has promised to hold Wall
Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
European
bank continues bond-buying It has become the region’s “last resort”
investor as it tries to keep a lid on the rates paid by Italy, Spain. (Washington Post) [ Nothing succeeds quite
like failure in the ‘new west’. From people-killing, nation-bankrupting,
nation-destroying perma wars to QE’s to gimmicks to ‘warp speed’ currency
printing presses, the lock-step rush for the abyss like lemmings they’ve
become. Never mind that across the board, such as the aforementioned has
actually exacerbated the crisis / problems they were supposedly meant to solve.
This truly has become a ubiquitous scenario of the blind leading the blind;
with the blindest of all, viz., pervasively corrupt – defacto bankrupt america,
leading the charge (no pun intended – though their credit bears mentioning - 8
More Reasons Why You Should Be Deeply Concerned That The U.S. Government Has
Lost Its AAA Credit Rating The Economic Collapse ‘…
#8 The U.S. national debt continues to get worse by the
day. Just check out what economics
professor Laurence J. Kotlikoff recently told NPR….“If you add up
all the promises that have been made for spending obligations, including
defense expenditures, and you subtract all the taxes that we expect to collect,
the difference is $211 trillion. That’s the fiscal gap” ..’ Why
You Shouldn't Buy Into This Plunge Forbes/O'Neil‘The
market is building momentum to the downside’). ! Italy
unveils plan to calm fears of escalating crisis (WP) [ Yeah, dem piigs were back in the news. ’ Dem PIIGS still got problems. Europe’s
debt crisis threatens Italy (WP) [ Yeah, dem’ darn PIIGS. Reminds me of that joke (I won’t repeat it
here except the punch line): ‘That’s black bart’s girl’. Pelosi:
‘We are not Greece’ ( but greecy
Italy Italians voice concern over Italian debt crisis scenario [ Whew! Close
call! There you go. Nothing to worry about now that wobama’s got a boehner … so
not to be so hard on them; if pelosi says it, it must be true … Not!
…Pervasively corrupt, defacto bankrupt america, they, she look pretty greecey
to me. After all, if the same’s wobama’s ‘far-reaching plan on debt’, we all
know ‘wobama the b’ (for b***s***) is total b***s*** which means like Greecey
PIIGS they’ll be back to the trough for more … slop … py. Deficits
And Stimulus Only Delay The Inevitable Collapse Bob Chapman | America is insolvent and has been so for a long
time. US
Is in Even Worse Shape Financially Than Greece: Gross When adding in all of
the money owed to cover future liabilities in entitlement programs the US is
actually in worse financial shape than Greece and other debt-laden European
countries, Pimco’s Bill Gross told CNBC Monday.
Maierhofer: ‘USA
INCOME STATEMENT:Total federal spending in 2010 amounted to
$3.456 trillion. Total receipts added up to $2.162 trillion. USA Inc.'s 2010
deficit was $1.294 trillion.The 2011 federal budget is $3.7 trillion with a
projected deficit of$1.6 trillion. …USA BALANCE SHEET: Consensus estimates for unfunded
obligations vary. Mary Meeker pegs the shortfall at $31 trillion, PIMCO's Bill
Gross estimates the unreported debt to be $75 trillion, while other estimates
exceed $100 trillion (these amounts are insurmountable) …’ ]
As
investors panic, CEOs vote with their wallets for local companies August
has seen a historic uptick in the number of corporate insiders buying shares of
their companies. (Washington Post) [ I’m now sorry I didn’t save the article
that spoke to this recent phenomena as being contraindicated and not a good
sign but rather merely a function of some recent fine print in new compensation
plans constrained by current and expected poor financial / economic results.
Indeed, of greater import is as pointed out by Navin just months ago: Stock
Market: 4 Current Warning Signs
Navin ‘…1) The
5-year high in the level of insider corporate stock sales is telling. At 565
sells for every 1 buy, it’s never been higher. Yes,
it’s normal for insiders to be selling some of their stocks so they can buy new
yachts and some of this is pre-planned. But that ratio — which has spiked
recently — is extraordinarily high, one might even say off-the-chart‘ The frauds on wall
street et als should be criminally prosecuted, jailed, fined, and disgorgement
imposed! Train
Reading: The Stock Market Is Insane
The Wall Street Journal , Accounting
Gimmics Resurface as Growth Flounders at
TheStreet ‘Rebekah Smith, director of financial advisory services at
accounting and consulting firm GBQ consulting, says accounting tricks and
schemes are likely to start unraveling as we head into 2012 and the lag effect
catches up. "The typical accounting fraud goes on for about 18 to 26 months
before it is uncovered. The frauds that took place in 2009 are not going to
surface until later in 2011 or into 2012." ‘ ,
Morgan
Stanley Biggest Welfare Recipient as Federal Reserve Lent Banks $1.2 Trillion
During Financial Crisis Wall St.
Cheat Sheet , Minyanville's
T3 Daily Recap: Market Gives Back Weekend Gains Amid US Bank Woes at Minyanville’ , Social
Security disability on verge of insolvency , 8-19-11 Welcome
To The New Bear Market For Stocks
Forbes / Suttmeier , Dow/Gold
Ratio Lowest Since 1987 Crash Forbes /
Adrian Ash , Ignore
Buffett's Advice, Don't Buy Stocks Forbes
/ Dohmen , The
"Crimes" That Wrecked The Markets Forbes /
Lenzner , Tech
Leading Market Lower The Wall Street
Journal , Banks
closed in Fla, Ga, Ill; 2011 total is 68 , No
Recession Coming ... It's Already Here Previous:8-18-11 Stocks rally off lows to suck
suckers in and keep suckers sucked in on bad news (Jobless
Claims, Inflation Rise More Than Expected CNBC) , fraud ( SEC destroyed documents, senator says Crimes
Wrecked The Markets ), and
b***s*** alone! MKM
Bracing For SPY To Drop 8% More; Nasdaq Nearing August Lows Barrons.com, WHY NEW
LOWS ARE LIKELY 8-18-11 Maierhofer, Is It 2008 Again? Looking at the Summer Crash of 2011
Gayed ‘A real bear market
has begun …’ ,
Abandon Ship?[The USS
Titanic] Yes, Because of These 5 Bearish Icebergs ... McGill ,
There's
A Recession Coming According To The Data at Forbes , HP, Dell
hammered as tech-spending outlook darkens JDSU, NetApp, disappointing figures, shares hit hard in
after-hours trade Dell braces investors for a bumpy road Dell makes a case on
why it can better weather an upcoming storm
, S&P
says sell Google's shares after Motorola deal , STOCKS
FALL AFTER FLOOD OF BAD NEWS: Here's What You Need To Know Joe Weisenthal , Stocks
Slip On Concern Over Europe's Debt, U.S. Data , Watch
Out: 2011 Looks A Lot Like The Market Top In 2007
Sean Hanlon Take
A Lesson From 2007 And Sell Stocks Now at
Forbes, [video]
Trader: We Could Test 1120 Lows at
TheStreet.com In
a Downtrend, Sell a Rally (Daily FX) Latest:
Economist Who Predicted Market Crash Warns of 2012 Aftershock. See More Here. Famed
economist predicts economic calamity in 2012. See the evidence.Newsmax http://w3.newsmax.com/a/aftershockb/video.cfm?promo_code=CA79-1 50%
unemployment, 90% stock market drop, 100% inflation. See the Evidence
Oil
prices and Gaddafi’s potential fall? Any new Libyan government will need
crude revenues, but analysts warn against premature optimism. (Washington Post)
[ Premature optimism? How ‘bout total unreality owing to the over-printed, ever
more worthless so-called reserve currency, viz., the ‘dollar’. The ‘dow / gold’
ratio is illustrative of this reality-based problem which extends as well to
those heavily commissioned / traded paper shares. A
Decade of Decline in Equity Markets Faisal Humayun [ This is a must read
and explains how the market’s been artificially propped, the dow relative to
hard assets, ie., gold (dow/gold ratio), has actually crashed 78%, and
comparable prospects for the next decade, etc.. ‘…The Dow Jones Index was
trading at 11,357 levels at the beginning of the year 2000. More than a decade
later (as of beginning July 2011), the index is at 12582 (8-22-11/now 10885).
Therefore, the index has gained 11% (8-22-11/now lost 10+%) in the last ten years…’
Yet, the inflationary dollar (declining) debasement rate was 31%. (-31%) {See
the inflation calculator infra – and that’s just the government (inflation)
numbers … reality is much worse!} Meanwhile, the frauds on wall street are
churnin’ and earnin’ like never before at lightning computerized speeds
enabling the high-frequency trades that are commissioned in unprecedented large
volumes; a big net negative in real economic terms.] Just another gimmick /
diversion / obfuscation: The frauds on wall
street et als should be criminally prosecuted, jailed, fined, and disgorgement
imposed! Train
Reading: The Stock Market Is Insane
The Wall Street Journal , Accounting
Gimmics Resurface as Growth Flounders at
TheStreet ‘Rebekah Smith, director of financial advisory services at
accounting and consulting firm GBQ consulting, says accounting tricks and
schemes are likely to start unraveling as we head into 2012 and the lag effect
catches up. "The typical accounting fraud goes on for about 18 to 26
months before it is uncovered. The frauds that took place in 2009 are not going
to surface until later in 2011 or into 2012." ‘ ,
Morgan
Stanley Biggest Welfare Recipient as Federal Reserve Lent Banks $1.2 Trillion
During Financial Crisis Wall St.
Cheat Sheet , Minyanville's
T3 Daily Recap: Market Gives Back Weekend Gains Amid US Bank Woes at Minyanville’ , Social
Security disability on verge of insolvency While
Washington Fiddled The Economy Burned at
Forbes http://www.albertpeia.com/inflationcalculator.htm http://www.albertpeia.com/wobamavoters.gif
Ahamed:
What is the market really telling us? (Washington Post) [ Whatever it is, it ain’t
good! Indeed, ‘the market’ in terms of communicating anything must fall within
the ambit of the term ‘brain-damaged’ at best, insane at worst, with all the
concomitant disabilities attendant thereto, including a penchant for criminal,
fraudulent activities to obfuscate in self-interested fashion the damage
attendant to their criminally insane, brain-damaged condition for their own
gain to almost everyone else’s detriment.
‘THE STOCK MARKET HAS LOST ITS MIND — Bethany McLean in Slate Risk On! Do
the Fed, computer trading, and a few hedge funds rule the market? That might
explain why it's lost its mind. After the madness of last week and the
rollercoaster at the beginning of this week, the stock market recovered from
its Aug. 10 rout to bounce 423 points on Aug. 11. It was the fourth day in a
row in which the index moved by more than 400 points, which has never happened
before in history. As I write this, stock prices are leveling off, but the big
swings may not be over. Has the market gone mad? Actually, yes....’
Dow
jumps 4 percent as markets rebound A volatile day on Wall Street ends with
a last-minute rally that pared some of Monday’s historic losses and shrugged
off an uncertain outlook from the Fed.
(Washington Post) [ ‘Shrugged off’? So that’s what those lightning fast
computer manipulated buy programs are for. Who woulda’ thunk it? After all,
it’s not as if ‘Atlas Shrugged’ in this decimated, collapsing economy of this
pervasively corrupt, defacto bankrupt american nation / economy. Oh pshaw …
that was just fiction; ask former ‘objectivist’ Ayn Rand afficionado ‘senile
alan greenspun’ who recommends gettin’ those Weimar dollar printing presses
rollin’ at warp speed which has in large part helped to get the nation rollin’
to this forlorn point. Well, ‘senile alan greenspun’ can always say he was
really meant to be that ‘cobol programmer’ that he was and was meant to
be. The
frauds on wall street et als should be criminally prosecuted, jailed, fined,
and disgorgement imposed! What changed from yesterday
which warranted a more than 600 point plunge with paper stocks still
over-valued and a 545 bounce off of afternoon lows? Nothing! Absolutely
nothing, yet a manipulated computer-programmed churn-and-earn suckers’ rally
based on fraud and b***s*** alone to keep suckers suckered, which makes for an
especially great opportunity to sell / take profits since there’s much, much
worse to come! Famed economist predicts economic calamity in 2012. See the
evidence.Newsmax http://w3.newsmax.com/a/aftershockb/video.cfm?promo_code=CA79-1 50%
unemployment, 90% stock market drop, 100% inflation. See the Evidence (Newsmax.com)
AAII
Sentiment Survey: Investors Remain Averse to Stocks Wall St. Cheat Sheet
Not all insider buying
is created equal — Reformed Broker
Is there enough money to
save the world’s banks? — Jonathan Weil at Bloomberg
Warren Buffett is
issuing bonds and buying stocks — Fortune
US births declined in
2010 — Calculated Risk
Efficient markets in
action — Paul Krugman
Consumers now need
Treasury approval on all purchases over $50 — The Onion
Report:
Mutual Fund Outflows In July Most Since End Of 2008 at Barrons.com
Is debt downgrade an alarm bell for U.S.? (Washington Post) [ Do bears s*** in the woods? Is the Pope Catholic? Is this question some kind of a joke? I mean, duh! Ya think? I mean, if it isn’t, what could be? After all, this was long in the making and the pressures applied to preclude this long overdue downgrade were substantial. Yet, this mild slap on the wrist was at once, charitable and a gift inasmuch as reality warrants far worse. 8 More Reasons Why You Should Be Deeply Concerned That The U.S. Government Has Lost Its AAA Credit Rating The Economic Collapse ‘… #8 The U.S. national debt continues to get worse by the day. Just check out what economics professor Laurence J. Kotlikoff recently told NPR….“If you add up all the promises that have been made for spending obligations, including defense expenditures, and you subtract all the taxes that we expect to collect, the difference is $211 trillion. That’s the fiscal gap” ..’ Previous: Is this some parallel universe where unfounded criticism is levied at S&P for the downgrade when they’ve actually cut the pervasively corrupt, defacto bankrupt disunited states a break by not rating what america truly is; viz., junk status for the paper / liabilities / obligations that cannot and will not be paid (or the equivalent vis-ŕ-vis what would be in worse than evermore worthless Weimar dollars or some other ‘ponzi-like’ subterfuge, obfuscation). The amounts are insurmountable going forward. They point to Moody’s and Fitch; yet, let’s not kid ourselves, S&P is the ‘800 pound gorilla’ in this world among rating agencies and moody’s, fitch have substantially diminished themselves as entities consistent with their ‘mission and purpose’ and as well, their credibility. I mean, come on! Consider the pressure that was and continues to be applied. Moody’s and fitch, quite frankly, folded. China’s rating agency has already downgraded u.s. paper and they’re ‘holding’ (huge amounts of that u.s. junk); and hence, against their own interest. Wake up!
Stock
markets rally on jobs report In
fourth day of wild swings, markets surge amid mixed signals about direction of
U.S. economy. (Washington Post) [ The
frauds on wall street et als should be criminally prosecuted, jailed, fined,
and disgorgement imposed! This an especially great
opportunity to sell / take profits, particularly if you missed Tuesday or May,
since there’s much, much worse to come! Thursday, Aug.11, 2011: what
changed from yesterday which warranted a more than 500 point plunge with paper
stocks still over-valued? Well, some bad news labeled as better than expected
1) 7,000 fewer jobless claims than expected (just a little over 1% better even
if you believe them – I don’t) 2) Cisco shows results ‘better than expected’ 3)
Record monthly trade deficit [ What
Recovery? Forbes ‘we
can’t call this a recovery. There’s no reason to celebrate when a job report
was better than expected. Why? Because the expectation was abysmal to begin
with.’ ‘Cisco Systems Inc’s quarterly results edged past Wall Street’s scaled-back
expectations ...“They beat a low bar. A lot of it is coming from cost
cutting, which we anticipated. In that sense it’s a relief,” Joanna Makris of
Mizuho Securities USA told Reuters. ‘Cisco, which depends on government
spending for about a fifth of its revenue, said in July it would cut 15 percent of its workforce and sell
a set-top box factory in Mexico.. Cisco bulls may
underestimate tough road ahead Randewich.’ ]
World
Bank warns against future economic hardship Press TV | Zoellick pointed out that the world is now
involved in redesigning the international financial system.
The
World’s Money Is Draining Away … Where’s It Going? Washington’s Blog | All
of the monetary and economic policy of the last 3 years has helped the
wealthiest and penalized everyone else.
Both
Consumer Confidence And The Labor Participation Rate Are At A 30 Year Low …
That’s Not A Coincidence Washington’s Blog | A new poll from Thomson
Reuters and University of Michigan shows that consumer confidence is the lowest
its been for 30 years.
{scroll down to current date – today’s numerical
day/headlines follows headlines of continuing importance}
Compendium of
Important Business / National / World News / Topics / Articles / Headlines
http://albertpeia.com/articlelinkspage3.htm
Legendary
Investor Jeremy Grantham: America is a Banana Republic
Poll: Obama
Approval Hits Lowest Ever Rasmussen
| Only 19% of the nation’s voters Strongly Approve of Obama’s performance as
president.
GALLUP:
Americans satisfied with ‘the way things are going’ — 11%!
Obama’s ratings sink to new
lows - Public
pessimism about the direction of the country has jumped to its highest level in
nearly three years, erasing the sense of hope that followed President Obama’s
inauguration and pushing his approv...
CIA, MI6
and Mossad: Together against Syria RT | The West is doing its best to destabilize the
situation in
Russia Warns US, Israel against Attack on Iran Fars News Agency | Russian Foreign Minister Sergei Lavrov warned the US and Israel against an attack on Iran, cautioning that such a move would mean “a very serious mistake”.
Repeal
of sodomy, bestiality ban sparks fight on Defense bill The Hill | New Defense Authorization Bill repeals a ban on
sodomy and bestiality [ This country is so f***ed up! The decline and fall!
NEW HEADLINES
Gen.
Dempsey: Iran rational actor, not after nukes Press TV | General described any
Israeli attack on
Pat
Buchanan: 300 nukes in Israel yet Iran a threat? RT | Islamic wars have brought questionable benefit to the US over
the last 20 years, former US presidential advisor Pat Buchanan, author of
Suicide of a Superpower, shared with RT. http://albertpeia.com/16reasonswhyonlyfoolssupportswaragainstIran.htm
Would You Support a War Against
5 Reasons
Iran is NOT a Threat to the U.S. Michael
Edwards |
USA
#1? 40 Embarrassing Things That America Is The Best In The World At http://albertpeia.com/40badthingsusa#1.htm
Prisonplanet.com | Alex runs down Sarkozy’s call to lock
up people who dare surf “extremist” websites on the web.
People have become weary of making
up excuses for blacks (like obama, holder, etc.). At some point, as now, people
should not be timid about relating the cold, unvarnished truth statistically /
factually about blacks and, ie., black
on white violent crime, etc..
From Pat Buchanan: As for
racism, its ugliest manifestation is in interracial crime, and especially
interracial crimes of violence. Is Barack Obama aware that while white
criminals choose black victims 3 percent of the time, black criminals choose
white victims 45 percent of the time? Is Barack aware that black-on-white rapes
are 100 times more common than the reverse, that black-on-white robberies were 139
times as common in the first three years of this decade as the reverse? We have
all heard ad nauseam from the Rev. Al about Tawana Brawley, the Duke rape case
and
http://abclocal.go.com/kabc/story?section=news/local/los_angeles&id=8594147
http://albertpeia.com/typicalblackmanonneighborhoodwatch.htm
‘Timothy Johnson, 24, is shown in this 2007 mugshot provided by the
The suspect was identified as 24-year-old Timothy
Johnson, described as being 6 feet 2 inches tall, weighing about 170 pounds
with a dark complexion (negro-black) and a closely shaved head.
Detectives say Johnson reportedly entered eChaps
Computers and More at 2007 W. Avenue K on Friday, shot and killed store owner
Reed Lewis Keith and left with stolen electronics in hand.
Johnson reportedly fled in a black, 1980s model
four-door car driven by an accomplice. Investigators said Johnson was wearing a
black hooded sweatshirt and a ski mask at the time of the robbery…’
Infowars.com | Now is
the time to put an end to Obama’s treasonous and tyrannical behavior.
Kurt Nimmo and Alex
Jones | A call to action and an effort to inform the
public about the treason of Barack Obama.
http://albertpeia.com/impeachobama.htm
Kurt Nimmo and Alex
Jones
Infowars.com
Aprill 11, 2012
We can only win by launching Impeach Obama 2012.
Whether or not we fully impeach him, we are committed to rebuking these
unconstitutional and criminal power grabs and are determined to take the case
to the court of public opinion.
–Alex Jones
Film director, producer, actor and writer Sean Stone
has thrown his weight behind a resolution introduced in the House last month by
Article I, Section 8, of the Constitution reserves
exclusively for Congress the power to declare war. Both Thomas Jefferson and James Madison argued that the power to
declare war must reside in the legislative branch of government and the
president will only act as the commander-in-chief and direct the war after it
is declared by Congress.
“The constitution supposes, what the history of all
governments demonstrates, that the executive is the branch of power most
interested in war, and most prone to it. It has accordingly with studied care
vested the question of war in the legislature,”
In the video, Stone notes Obama’s unconstitutional
war on
Secretary of Defense Leon Panetta said during
questioning by Senator Jeff Sessions of Alabama that the Obama
administration does not believe Congress has the exclusive right to declare war
and that the Pentagon answers to the United Nations, not the people of the
United States.
The Obama administration “does not believe that the
Congress has the exclusive power to declare war,” Stone notes, and “accordingly
the president should be impeached.”
Stone also mentions Obama’s facilitation of the
banker engineered 2008 “bailout” as an additiojnal reason he should be tried
for High Crimes and Misdemeanors and impeached. Obama’s efforts worked in favor
of the “consolidation of private banks, many of them in Europe.”
“There was no investment of any meaningful type in
the physical economy, there was no protection of the American people,” Sean
explains. “Rather, an illegal commitment made on behalf of private banking
interests, to commit the American people to paying a debt that the American
people did not accrue.”
He rightly notes that Obama’s actions “represent the
most clear violation of the principal of the general welfare of the people in
the preamble of the Constitution of the
In addition to setting the stage for the economic
rape of the American people and waging illegal and unconstitutional wars, Obama
has committed a number of other egregious violations of the Constitution.
Specifically, Obama violated the Constitution’s
Takings and Due Process Clauses when he bullied the secured creditors of
automaker Chrysler into accepting 30 cents on the dollar while
politically connected labor unions and preferential others received better
deals.
In addition, the Dodd-Frank financial “reform” bill created the so-called
Financial Protection Bureau and Financial Stability Oversight Council, bureaucratic
monstrosities that are now engaged in unchecked and unconstitutional economic
action without consulting Congress. The Dodd-Frank bill also further empowers the bankster’s preferred cartel, the Federal
Reserve (which has engaged in unconstitutional activity for nearly a hundred years).
The Obamacare mandate is the most obvious violation.
“No list of President Obama’s constitutional violations would be complete
without including the requirement that every American purchase health
insurance, on penalty of civil fine. The individual mandate is unprecedented
and exceeds Congress’s power to regulate interstate commerce. If it is allowed
to stand, Congress will be able to impose any kind of economic mandate as part
of any kind of national regulatory scheme. Fortunately, the Supreme Court has a
chance to strike this down during its current term,” writes Ilya Shapiro, a Senior Fellow in Constitutional Studies,
Cato Institute.
Obama signed into law the NDAA with a provision allowing the military to indefinitely
detain American citizens. “He will forever be known as the president who signed
indefinite detention without charge or trial into law,” said the executive
director of the ACLU, Anthony
Romero.
Finally, Obama may be tried and impeached for signing
a large number of executive orders. Article II of the Constitution provides the
president with three options when presented with legislation – do nothing, sign
the bill, or veto it in its entirety.
“Obama’s use of signing statements has clearly shown
his willingness to continue
the George W. Bush legacy – not only of torture and illegal detainment, but
in the dangerous trend of de facto
rule by ‘executive fiat.’ Worse, such signing statements put in place a
precedent for future presidents to follow – or expand upon,” writes Aaron Dykes.
Obama is definitely a renegade president in violation
of the law. He is guilty of treason and must be brought up on formal charges.
The House must introduce a resolution for impeachment and a trial must be held
in the Senate…’
7-19-12
http://albertpeia.com/12factorsamericancitieshellholes.htm
http://albertpeia.com/americacursed.htm
Paul Joseph Watson | One of
the biggest cover-ups in
Paul Joseph Watson | World
government now an open secret.
Infowars.com | Agency trying to stifle
whistleblowers in the wake of Fast & Furious revelations.
Infowars.com | The wool Obama’s been pulling over
everyone’s eyes is growing thin.
Paul Joseph Watson |
Homeowners reject unconstitutional intrusion.
Steve Watson | Lobbyists attempt to convince
Congress that unmanned vehicles over US pose no threat.
Steve Watson | Mandates that unauthorized images
taken by unmanned planes be destroyed.
Kurt Nimmo | “I thought about nitrates and I
thought about the
Paul Joseph Watson |
Homeowners reject unconstitutional intrusion.
Steve Watson | Lobbyists attempt to convince
Congress that unmanned vehicles over US pose no threat.
Steve Watson | Mandates that unauthorized images
taken by unmanned planes be destroyed.
nbcdfw.com | Family files formal complaint with TSA,
city of
whotv.com | An elderly disabled Florida man is
stuck in Des Moines because he says TSA agents forced him to miss his
flight.
Paul Joseph Watson | World
government now an open secret.
Prison Planet.com | It’s time to accept the fact that
the state is God.
Paul Joseph Watson |
Political establishment in D.C. upset with Internet maverick.
Zero Hedge | That makes 3 aircraft carriers in the
middle east, 2 in the Gulf and the Arabian Sea and one just off the coast of
Syria.
http://albertpeia.com/bakedamerica.htm
http://albertpeia.com/obamacareandsterilizingamericanwomen.htm
http://albertpeia.com/19warningsofglobalcatastrophe.htm
http://albertpeia.com/4reasonsforlessoptimism.htm
http://albertpeia.com/scenesofdespair.htm
http://albertpeia.com/usgestapotactics.htm
http://albertpeia.com/14creepygovernmenttechnologiestospyonyou.htm
http://albertpeia.com/azgettintoughoncrime.htm
{ This is absolutely incredible and
unforgiveable (
http://albertpeia.com/freakishamericangeneticmonsters.htm
http://albertpeia.com/kicksinthecandowntheroad.htm
http://albertpeia.com/empburst.htm
Murdoch Dissatisfied With
"Weak" Romney, Allies Say
http://albertpeia.com/senilepenalmurdoch.htm { Yeah; murdoch prefers the ‘tougher’ gay
choom gang banger wobama alternative. More cream pies in his face cries the
senile old media meister. Yeah; the majority of the electorate think just like
billionaire murdoch. Let’s not kid ourselves…murdoch’s totally gone…even the wisdom
of his company’s breakup/split into two companies is being seriously
questioned. …’ Murdoch wrote on Twitter.
"Tough O
POLL: Obama
drops 8 points with whites...
... 13-point
plunge among young voters
July 3, 2012 By gpc1981 http://albertpeia.com/greeceyspainpain.htm
http://albertpeia.com/nolegalsystem.htm
Kurt Nimmo | Damaging details included in letter
Issa sent to Rep. Elijah Cummings on May 24.
Steve Watson | Offices of two
http://albertpeia.com/runandhideplan.htm
http://theeconomiccollapseblog.com
http://albertpeia.com/americaonfire.htm
Stephen Lendman | It’s an American tradition. Big lies
launch wars. Manufactured pretexts initiate them. Mass killing and destruction
follow.
Attention cats: ‘How to Walk Your Human’ (VIDEO)
http://www.youtube.com/watch?v=z5rXLZfsJT0&feature=player_embedded
Jerry
Sandusky's adopted son, Matt Sandusky, said that his father had abused him.
Matt Sandusky released a statement through his lawyers, Andrew Shubin and
Justine Andronici. According to the
http://albertpeia.com/verbalabuseofbusmonitor.htm
http://albertpeia.com/adviceforpreppers.htm
http://albertpeia.com/russiachinarational.htm
Steve Watson | “He has
the delegates, but he doesn’t have the hearts and the minds of the people” { At 77, I’ve really restrained myself from
criticizing paul. After all, he is now irrelevant; and, as a matter of fact,
after all is said and done, he’s proved exactly that. At this point, a real
winner would not be preposterously grousing about something true of himself
(who and how many are for paul) that he ascribes to Romney (who unlike paul has
the delegates and almost ‘infinitely’ more hearts and minds than he), making
noise about something irrelevant, instead of at least as a willing participant
in the process silently riding into the sunset. Yeah, paul’s collecting his
social security checks but seeks to end social security; what, after he dies
and stops collecting? Senility is the only explanation for his uncouth attitude
devoid of reality. Very disappointing! Really rather pathetic! }
WHERE IS THE BROAD-BASED NATIONWIDE, WORLDWIDE COVERAGE THIS FRAUD OF
THE CENTURY DESERVES? This is serious business; viz.,
that wobama’s total b***s*** and an utter fraud! Are people too embarrassed to
admit they’ve been hoodwinked by this total fraud, conman, grifter? This is so
egregious that pathological is not nearly sufficient to describe what more
aptly is nothing short of borderline if not outright criminal.
(CNN) - David
Maraniss, who wrote the recently published Barack Obama
biography, "Barack Obama: The Story," on Wednesday characterized ...
New
Book Raises Questions About Obama's Memoir
New York
Times (blog) - by Michael Shear
davidmaraniss.com/
“Maraniss is a
skillful, thorough writer with an eye for telling detail, … a fact-finding contemporary
historian with an artist's touch and feel.” – Ed Bark, Dallas ...
PAPER: Obama's grandfather tortured by the British? A
fantasy (like most of the President's own memoir)... By Toby
Harnden PUBLISHED: | UPDATED:{
http://albertpeia.com/wobamaschoomgangfantasy.htm }
‘A new biography of Barack Obama has established that
his grandfather was not, as is related in the President’s own memoir, detained
by the British in Kenya and found that claims that he was tortured were a
fabrication.
'Barack Obama: The Story' by David Maraniss
catalogues dozens of instances in which Obama deviated significantly from the
truth in his book 'Dreams from My Father: A Story of Race and Inheritance'. The
641-page book punctures the carefully-crafted narrative of Obama’s life.
One of the enduring myths of Obama’s ancestry is that
his paternal grandfather Hussein Onyango Obama, who served as a cook in the
British Army, was imprisoned in 1949 by the British for helping the
anti-colonial Mau Mau rebels and held for several months.
Obama’s step-grandmother Sarah, Onyango wife, who is
still living, is quoted in the future President’s memoir, as saying: ‘One day,
the white man’s askaris came to take Onyango away, and he was placed in a
detention camp.
‘But he had been in the camp for over six months, and
when he returned to Alego he was very thin and dirty. He had difficulty
walking, and his head was full of lice. He was so ashamed, he refused to enter
his house or tell us what happened.’
In a 2008 interview, Sarah Obama claimed that he was
‘whipped every morning and evening’ by the British. ‘They would sometimes squeeze
his testicles with metal rods. They also pierced his nails and buttocks with a
sharp pin, with his hands and legs tied together. He was lucky to survive. Some
of his fellow inmates were mutilated with castration pliers and beaten to death
with clubs.’
But Maraniss, who researched Obama’s life in Kenya,
Indonesia, Hawaii and the mainland United States, found that there were ‘no
remaining records of any detention, imprisonment, or trial of Hussein Onyango
Obama’. He interviewed five people who knew Obama’s grandfather, who died in
1979, who ‘doubted the story or were certain it did not happen’.
This undermines the received wisdom that Obama’s
grandfather was a victim of oppression, an assumption that has in turn fuelled
theories that Obama harbours an animus towards
John Ndalo Aguk, who worked with Onyango before the
alleged imprisonment and was in touch with him weekly afterwards said he 'knew
nothing' about any detention and would have noticed if he had gone missing for
several months.
Zablon Okatch, who worked with Onyango as a servant
to American diplomats after the supposed incarceration, said: ‘Hussein was
never jailed. I know that for a fact. It would have been difficult for him to
get a job with a white family, let alone a diplomat, if he once served in
jail.’
Charles Oluoch, whose father was adopted by Onyango,
said that ‘he did not have any trouble with the government in any way'.
Dick Opar, a relative by marriage to Onyango and a
senior Kenyan police official, gave what Maraniss judged to be the most
authoritative word. ‘People make up stories,’ he said. ‘If you get arrested,
you say it was the fight for independence, but they are arrested for another
thing.
‘I would have known. I would have known. If he was in
Kamiti Prison for only a day, even if for a day, I would have known.’
Maraniss also casts a sceptical eye on Obama’s
grandmother’s tales of racism in Kansas, doubting whether she was ever
chastised for addressing a black janitor as ‘Mister’ or ridiculed for playing
with a black girl.
Obama himself, Maraniss finds, deliberately distorted
elements of his own life to fit into a racial narrative. The author writes that
Obama presents himself in his memoir as ‘blacker and more disaffected’ than he
really was.
The memoir ‘accentuates characters drawn from black
acquaintances who played lesser roles his real life but could be used to
advance a line of thought, while leaving out or distorting the actions of
friends who happened to be white’…
In the forward to his memoir, Obama wrote that ‘for
the sake of compression, some of the characters that appear are composites of
people I’ve known, and some events appear out of precise chronology’.
But Maraniss writes that Obama’s book is ‘literature
and memoir, not history and autobiography’ and concludes: ‘The character
creations and rearrangements of the book are not merely a matter of style,
devices of compression, but are also substantive.’
Writing about his schooldays, Obama created a friend
called
Maraniss found, however, that Regina was based on
Caroline Boss, a white student leader at
The book also notes that Obama removed two white
roommates in
A tale of the father of Obama’s Indonesian stepfather
Soewarno Martodihardjo being killed by Dutch soldiers as he fought for
Indonesian independence turns out to be ‘a concocted myth in almost all
respects’, Maraniss finds.
According to the book, both Obama’s father and his
paternal grandfather were abusive towards women and Maraniss finds that Obama’s
story that he was abandoned by his father when he was two was false – in fact,
Obama’s mother fled to Washington state a year earlier, possibly because she
was being beaten.
A character in Obama’s memoir called Ray, portrayed
as a symbol of young blackness, is in fact based on a fellow pupil who was half
Japanese, part native American and part black and was not a close friend.
‘In the memoir Barry and Ray, could be heard
complaining about how rich white haole [upper class white Hawaiian] girls would
never date them. In fact, neither had much trouble in that regard.’
Obama notes of his own grandfather that he was apt to
create ‘history to conform with the image he wished for himself’.
Maraniss, who also wrote an acclaimed biography of
Bill Clinton, suggests that throughout his life Obama himself, following on
from his forbears on both sides, has done the same thing.
Prisonplanet.com | Lew Rockwell joins Alex to discuss
the latest in the Ron and Rand Paul controversy.
{ I include this and infowars/prisonplanet
headlines so as not to be accused of first amendment obstruction. Yet, I’m
constrained to point out that I was censored on the alex jones sites who
despite endlessly complaining about censorship, do so themselves (particularly
regarding American inherently criminal predispositions, which of course lead
ineluctably to much of what alex jones complains about, especially corruption).
Jones et als complain about jivetalking pre-disposed failed president and
dictatorial despot wobama yet seek to be wobama’s best friends in embracing
whatever it is that yields proven failure and ominously worse by a petulant
attitude that ignores the reality of flawed americana. Fortunately, the
grueling primary battle of which Ron Paul was a willing participant has yielded
the ultimate winner in November in the person of President Mitt Romney. Sadly,
jones remains ‘mr. tubby not too bright’ (he really isn’t that bright) from
Texas who just can’t help himself as the moth to the flame in ineluctably
embracing losing whenever he can, chiding others for not following his lemming path beyond the
precipice (ie., the wiser Rand Paul – Ron Paul was 77 and never resonated
despite equal opportunity to do so), which makes him a loser in spades. He’s
really become quite an embarrassment to anyone who has ever appreciated his
attempts to call a spade a spade! Signed: Al Peia I’ve logged in for this one comment only and
will post no others, and will delete the account registration in short order. http://albertpeia.com
}
Alex Jones’
infowars.com/prisonplanet.com
Please cancel my registration / account
without delay!
Thank you.
Signed: Albert L Peia Dated: 6-17-12
http://albertpeia.com/tubbyjonesnottoobright.htm
Prisonplanet.com | Lew
Rockwell joins Alex to discuss the latest in the Ron and Rand Paul controversy.
{ I include this and infowars/prisonplanet headlines so as not to be accused of
first amendment obstruction. Yet, I’m constrained to point out that I was
censored on the alex jones sites who despite endlessly complaining about
censorship, do so themselves (particularly regarding American inherently
criminal predispositions, which of course lead ineluctably to much of what alex
jones complains about, especially corruption). Jones et als complain about
jivetalking pre-disposed failed president and dictatorial despot wobama yet
seek to be wobama’s best friends in embracing whatever it is that yields proven
failure and ominously worse by a petulant attitude that ignores the reality of
flawed americana. Fortunately, the grueling primary battle of which Ron Paul
was a willing participant has yielded the ultimate winner in November in the
person of President Mitt Romney. Sadly, jones remains ‘mr. tubby not too
bright’ (he really isn’t that bright) from Texas who just can’t help himself as
the moth to the flame in ineluctably embracing losing whenever he can, chiding
others for not following his lemming
path beyond the precipice (ie., the wiser Rand Paul – Ron Paul was 77 and never
resonated despite equal opportunity to do so), which makes him a loser in
spades. He’s really become quite an embarrassment to anyone who has ever
appreciated his attempts to call a spade a spade! Signed: Al Peia I’ve logged in for this one comment only and
will post no others, and will delete the account registration in short
order. http://albertpeia.com
} http://albertpeia.com/tubbyjonesnottoobright.htm
{ I'm surprised they did this there and not here in
the states where drug-money laundering is among other significant crimes,
protected. My reply incorporates my direct experience concerning the foregoing
and then some here in the states:
I think you should keep
this in mind:
There's not even the
slightest doubt in my mind that they're already monitoring/wiretapping
phones/lines without warrants; and have been doing so for quite some time. [ I
actually confirmed this by measuring the impedance on my line with devices for
said purpose some time ago]. I personally haven't had such pressing need for
privacy; but I support your cause [I also believe they monitor everything you
see on your screen and their supercomputers are getting better/faster, etc.].
What I believe this is
about is their using/referencing same and such for charges, in court or
otherwise, etc..
You must realize the
law, arbitrarily enforced at best, coercive consistent with their misguided
agendas, is all but absolutely meaningless to them except as used to further
their respective agendas. The process is totally corrupt (the very few
exceptions are statistically insignificant). After all, you need only look so
far as the still unprosecuted largest wall street frauds, the government's
illegal drug trade, etc.. [Think of it in terms of arm-twisting without the
twisting; unless of course, you don't see/do things their way, in which case
you may experience the full weight of the law as they arbitrarily apply it.
Don't forget: they have the same employer.]
I've experienced this
first-hand:
http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
http://albertpeia.com/fbimartinezcongallard.htm
http://albertpeia.com/americangovernmentdrugtrafficking.htm
http://albertpeia.com/americascorruptiondrugtrade.htm
http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm
From a somewhat recent
post and my website: http://albertpeia.com
5-22-12 IF IT
WAS ONLY ONE THING ABOUT WOBAMA THAT MAKES HIM SO WRONG. YET, IT’S A MULTITUDE
OF REALITIES; FROM INVARIABLY BROKEN CAMPAIGN PROMISES (Roche 'The worst part of
it ...Obama, who vowed change, has done
almost nothing to fix any of it and in fact continues most of the policies that
helped get us here in the first place’ ‘INSIDE JOB’ Ferguson wins Oscar for Documentary on
the unprosecuted massive extant fraud in the (many) TRILLIONS by the frauds on
wall street ( and declares with oscar in hand that not one high level wall
street exec has been prosecuted … despite ‘earning’ billions from the fraud ) Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall
Street accountable for the meltdown. ‘THE OBAMA
DECEPTION’
http://albertpeia.com/obamadeceptionhighqualityversion.flv , etc.) , TO VERY REAL
BIRTH ISSUES (WHAT PERSON FAILS TO GET THEIR PLACE OF BIRTH CORRECT – THE
FRAUDULENT WOBAMA KIND http://albertpeia.com/wasntbornintheusa.htm http://albertpeia.com/obp.jpg http://albertpeia.com/impeachobama.htm ) , TO THE CURRENT
OBFUSCATING FRAUD, Obama's Five
Trillion Dollar Lie http://albertpeia.com/obamas5trilliondollarlie.htm { the economy is already in depression in real terms when
taking into account real inflation numbers. Financial
Crisis Phase II Is Ahead at Forbes Bert Dohmen ‘ In late 2007, I wrote the book Prelude To Meltdown, predicting the global crisis that
occurred the following year. I now see a similar confluence of events ..
“the new recession has started.”… Over the past 33 years, we have called the
start of every recession..Currently, the GDP deflator is 1.8%, which hardly
reflects the true rise in prices. Therefore, what is counted as “growth,” is
actually price increases. Actual inflation..is now more than 11%. Using that to
adjust GDP for inflation, would show that the economy is now in a very sharp contraction…’
} , WOBAMA ET ALS’ DISINGENUOUS ATTACKS AGAINST ROMNEY
ON WHAT WAS PRIZED AND LAUDED AS LEGAL, COMPETENT MANAGEMENT INCREASING
SHAREHOLDER WEALTH (THE TASK OF COMPETENT MANAGEMENT) IN THOSE BLOATED,
NON-COMPETITIVE TIMES CONTRASTED WITH WOBAMA’S UNPRECEDENTED FURTHER
BANKRUPTING OF THE NATION AND INDISPUTABLE FAILURE AS PRESIDENT (Obama's Legacy: A Failed Recovery & Double-Dip Recession Forbes / Mariotti ‘…There will be no significant
recovery in the United States of America while Barack Obama is President.
The evidence is overwhelming: everything Obama has tried to fuel a
recovery (with his Democratic allies in Congress) has failed. Statistics
claiming jobs saved by the stimulus package were mostly fiction, and cost
American taxpayers about $275,000 each. Nearly 2-1/2 million fewer
Americans have jobs than before the stimulus. Barack Obama has been President
for 30 months—2-1/2 years. He spent the first year obsessed with passing
Obamacare, a program that doesn’t create jobs, but might destroy a lot of them.
He “bailed out” GM, but many believe that his interference didn’t save
GM; it merely cost taxpayers an extra $15-20 billion, and stole from legitimate
investors to buy off the UAW. His broken campaign promises are too
numerous to list…’). IT IS NOTHING SHORT OF TRAGEDY TO
SEE PEOPLE DELUDE AND MAKE FOOLS OF THEMSELVES IN SUPPORT OF JIVE-TALKING
GRIFTER/CON-MAN OBAMA. GOOD-BYE FORMER FAILED PRESIDENT WOBAMA … GOOD RIDDANCE!
http://www.albertpeia.com/todayspage.htm
http://albertpeia.com/todaysbusinesssummarylinks.htm
http://albertpeia.com/fbimartinezcongallard.htm http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm
http://albertpeia.com/22signsglobalrecessiondepression.htm
http://albertpeia.com
From: Fight for the
Future <[email protected]>
To: [email protected]
Sent: Tuesday, June 12, 2012 11:18 AM
Subject: CISPA vote delayed!
Ok, so here's the latest
on CISPA:
Insiders expected the Senate to vote in the week after they returned from
Memorial Day recess. But guess what? The week’s over, and no vote. Now we're
hearing the Senate might not vote until the 3rd or 4th week of June.
This is exactly what we want. CISPA's supporters are in a race against time: in
just 7 weeks Congress will shut down, election season kicks in, and the clock
runs out for CISPA. Even better, the fact that Congress postponed the vote
means they probably don't have enough "yes" votes yet.
The problem is, they’re working on a deal to get those votes. Which is why we
need every person receiving this in
Click here to call to get a date and time for a meeting now!
(It’s super important)
The odds are against us, but the idea of giving the FBI, NSA, and local police
a permanent warrantless wiretap on our online life... well, it makes us sick.
Let’s win this one.
-Douglas and Zak
Fight for the Future
Low IQ & Conservative Beliefs Linked to Prejudice [ I disagree with this speciously reasoned
article. First, all races are prejudiced (I believe there to be and data
supports evolutionary underpinnings to this pervasive trait - beyond the scope
of this comment). Second, careful scrutiny of real, unfiltered data, coupled
with command and knowledge of statistics and probabilities lead ineluctably to
certain conclusions/outcomes that political correctness would love to ignore to
the ‘innocent’ populace’s detriment and peril. Third, a study emanating from
http://theeconomiccollapseblog.com
http://albertpeia.com/usprisoncamp.htm
{ I
really must say that this is a tough one because
the vast majority of
americans are inherently criminal, with the highest crime rates in the world
among the so-called ‘civilized’ nations (you can’t count the niggers of
sub-saharan africa as civilized, and there’s no question but that the niggers
have disproportionately skewed the american crime rates, particularly violent
crimes, higher); including, from my direct observation and experience, that
within all three branches of the u.s. government. Indeed, the (should be
prison) inmates are running this asylum called
http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm http://albertpeia.com/americangovernmentdrugtrafficking.htm http://albertpeia.com/americascorruptiondrugtrade.htm ] }
Obama
Should ‘Remove Eric Holder’ and ‘Just Come Clean’ on Fast and Furious, Says
Rep. Steve King
CNSNews.com | “If I were the president of the
United States, I would find a way for Eric Holder to step down, and it would be
characterized as a firing,”
Trail
of Death: Breitbart Coroner Turns Up Dead, Arsenic Poisoning Suspected
Patrick Henningsen | Another
dead body turns up in LA, this time it’s a veteran coroner technican connected
to the Andrew Breitbart case.
http://albertpeia.com/95percentofjobslostmiddleclass.htm
http://albertpeia.com/21unansweredquestions.htm
BIN LADEN WAS ALREADY DEAD http://albertpeia.com/binladenwasalreadydead.htm
Bin Laden: Everyone Is Missing the Big Picture
: George Washington : 04/30/2012
BLIND
CHINESE ACTIVIST: THE PERFECT NEW AMERICAN CITIZEN – DOESN’T KNOW ANYTHING
ABOUT
Chinese
Activist Makes Plea to U.S. Congress...
Obama under
fire... {While there’s plenty of deserved critism for wobama, on a
multitude of issues, and should indeed be voiced by a multitude of people;
smith of pervasively corrupt, mob infested/controlled jersey is not one to be
doing the criticizing. As with
US
Using Staged “Blind Activist” Stunt For Leverage Ahead of Talks Prisonplanet.com
Why
Is It Necessary For The Federal Government To Turn The United States Into A
Prison Camp?
http://albertpeia.com/usprisoncamp.htm
{ I
really must say that this is a tough one because
the vast majority of
americans are inherently criminal, with the highest crime rates in the world
among the so-called ‘civilized’ nations (you can’t count the niggers of
sub-saharan africa as civilized, and there’s no question but that the niggers
have disproportionately skewed the american crime rates, particularly violent
crimes, higher); including, from my direct observation and experience, that
within all three branches of the u.s. government. Indeed, the (should be
prison) inmates are running this asylum called
http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm http://albertpeia.com/americangovernmentdrugtrafficking.htm http://albertpeia.com/americascorruptiondrugtrade.htm ] }
http://albertpeia.com/fastestgrowingreligioninamericaislam.htm
May 3, 2012 By gpc1981 http://albertpeia.com/merkelsinhotwaternomorebailouts.htm
Some
pictures for the past quarter http://albertpeia.com/42712pics.gif
http://albertpeia.com/notgoingtohappen.htm
{ First, let me
say at the outset, that if Ron Paul’s grandmother had had wheels, she’d have
been a trolley car. Not going to happen! Second, I include this article on my
website as a matter of first amendment principle, encouraged by the authors of
their website so to do. Third, and most important, it doesn’t matter what Ron
Paul does at this point. He’s totally irrelevant as he’s proven over and over
again to be at the end of an atypically grueling primary campaign. Quite
simply, with plenty of opportunity to do so, Ron Paul never resonated with the
primary voters of his own party, which party he himself chose. In a general
election, Ron Paul would be lucky to get (probably the low end of the range of)
15%-25% of the vote. Remember: we’re not talking about a high school debate
here, but rather an american general election with all its faults. There isn’t
one vote that potentially goes to the failed president obama that
couldn’t/wouldn’t as likely go, and upon reflection with rationality the
criteria would go to Mitt Romney. Obviously, that’s clearly not the case for
Paul. Wobama‘s a jive-talking loser who failed to do what he said he’d do last
time around which we now know if he had done this nation and the world would be
in a better position this day. Mitt Romney really wants to be President, which
of course is not the decisive test. He’s smart enough, and flexible enough
(which set up the primary battles to follow) to be President of all the nation.
He wanted it, fought for it, and has earned it. At the age of 77, one could
only at best say of Ron Paul that he should have started sooner. At worst,
given that Paul’s chosen defacto to favor the side of collectively the losers
for the proven loser, the mentally troubled b***s*** artist obama; which then
makes him no more than a loser himself, and an embittered, senile old man at
that. I side with the former missionary, President Mitt Romney and First Lady
Ann who I congratulate for their victory in what I further believe will be a
blowout victory in November.
}
http://albertpeia.com/governmentchippinaway.htm
http://albertpeia.com/24factsproveamericaanationofslobs.htm
INFOWARS.COM http://www.infowars.com On the Wednesday,
May 9 edition of the Alex Jones Show, Alex talks with Douglas J. Hagmann, founder and director of the Northeast Intelligence
Network. He is also the CEO of a private investigative agency serving a roster
of Fortune 500 clients. Due to his expertise in covert surveillance and
counter-terrorism, Mr. Hagmann has been used as an operational asset by the
http://albertpeia.com/foodkills.htm
Obama criticizes Romney as 'backwards on equality' President
Barack Obama wasted little time casting Republican rival Mitt Romney as
"backwards on equality" on Thursday, eager to transform his historic
embrace of same-sex marriage into donor... { Except that wobama’s been as he
puts it, backwards on equality until one day ago when he embraced same sex
marriage for election-year expedience in desperation after opposing same for
years; and, don’t forget, despite promises to the contrary, no prosecutions for
the big frauds on wall street who remain in wobama’s monkey-eyes more equal
than others. The wobamas, wobama, stand for nothing whatsoever and are just a
pair of grifters who make the entire nation, if not the world, look dumb and
foolish! }
http://albertpeia.com/illegalimmigranttaxscam.htm
Poll: Obama
Trails Romney By 7 Per Cent
Rasmussen Reports
AFP
Newsweek cover: Obama ‘first gay president’
ABC News Exclusive: Zimmerman Medical Report Shows Broken Nose,
Lacerations After Trayvon Martin Shooting {That little (6’3”) thieving
nigger was enraged by his being thwarted in his scope-out/plundering of
Zimmerman’s neighborhood. Clearly self-defense with wounds consistent with his
true story, Zimmerman was fighting for his life and ultimately saved the
citizens of Florida from the future costs of the burgeoning violent, thieving
typical nigger-criminal trayvon martin.}
{ First and foremost clarification: There are no elite on this
planet. The grim reality for this planet
is a dominant species descended from initially notochords, primitive chordates,
and relatively more recently primitive apes.
See generally, http://albertpeia.com/anthroindex1.htm , for a
brief but sorrowful history of man. }
http://albertpeia.com/planetalreadyruined.htm
http://albertpeia.com/newworldordervedgesmockus.htm
{ First and foremost clarification: There
are no elite on this planet. The grim
reality for this planet is a dominant species descended from initially
notochords, primitive chordates, and relatively more recently primitive apes.
See generally, http://albertpeia.com/anthroindex1.htm , for a
brief but sorrowful history of man. }
http://albertpeia.com/planetalreadyruined.htm }
http://albertpeia.com/targetinguscitizens.htm
http://albertpeia.com/biguscitiescesspoolsoffilthdecaywretchedness.htm
http://albertpeia.com/unwantscontrolofinternetforcensorshiptaxessurveillance.htm
http://albertpeia.com/10signsamericanhighwaysnowhightechprisongrid.htm
June 6, 2012 http://albertpeia.com/blackonbrowncrime.htm
http://albertpeia.com/blackonbrowncrime.htm
http://www.albertpeia.com/whitesvictimizedbyblacks.htm
http://albertpeia.com/25questionsmainstreammedianoanswers.htm
CNet News | The United Nations is considering a new Internet
tax targeting the largest Web content providers. Drudgereport: REPORT: UN
to take up 'global Internet tax' proposal … [ It is unfathomable that anyone
takes such a failed organization as the u.n. seriously; they’re a costly,
extravagant, waste of money! Any costs so leveyed should be deducted from dues
foolishly and wastefully paid to the u.n.. Time to abolish the u.n.! ] ... { The
UN Wants Complete Control Over The Internet And That Would Mean Unprecedented
Censorship, Taxes And Surveillance http://albertpeia.com/unwantscontrolofinternetforcensorshiptaxessurveillance.htm }
http://endoftheamericandream.com
http://albertpeia.com/howtodietime.htm
{ First and foremost clarification: There
are no elite on this planet. The grim reality for this planet is a dominant
species descended from initially notochords, primitive chordates, and
relatively more recently primitive apes.
See generally, http://albertpeia.com/anthroindex1.htm , for a brief but sorrowful history of
man. }
‘What should be done with elderly Americans when they
become very seriously ill? Should we try to save their lives or should we
just let them die? Unfortunately, there is a growing consensus among the
"intellectual elite" that most elderly people are not going to have a
high enough "quality of life" to justify the expense of costly life
saving procedures. This philosophy is now being promoted very heavily
through mainstream news outlets, in our television shows and in big
Time Magazine has just come out with a very shocking
cover story entitled "How To Die". The article goes on and on
about how wonderful and compassionate it is to remove life saving treatment
from sick relatives.
A recent article by Mike Adams summarized the message
of this disgusting article....
Inside, the magazine promotes a cost-saving death
agenda that encourages readers to literally “pull the feeding tubes” from their
dying elderly parents, causing them to dehydrate and die. This is explained as
a new cost-saving measure that drastically reduces return hospital visits by
the elderly… yeah, because dead people don’t return to the hospital, of course.
Many of you also probably remember the Newsweek cover
story from a couple years ago that was entitled "The Case for Killing Granny".
Underneath that shocking title was the following
phrase: “Curbing excessive end-of-life care is good for America.”
According to the author of that article,
spending less money on the elderly is the key to successful health care
reform....
The idea that we might ration health care to seniors
(or anyone else) is political anathema. Politicians do not dare breathe the R
word, lest they be accused—however wrongly—of trying to pull the plug on
Grandma. But the need to spend less money on the elderly at the end of life is
the elephant in the room in the health-reform debate. Everyone sees it but no
one wants to talk about it. At a more basic level, Americans are afraid not
just of dying, but of talking and thinking about death. Until Americans learn
to contemplate death as more than a scientific challenge to be overcome, our
health-care system will remain unfixable.
Sadly, articles like that one are becoming quite
frequent in mainstream media sources.
Just a few days ago, a Bloomberg article entitled
"How 'Death Panels'
Can Prolong Life" declared that we must "deny treatment to people
who want it" in order to hold down costs....
In short, all the Republican talk during the
health-care- reform debate about “death panels” was melodramatic and unfair,
but not ridiculous. One way or another, holding down health-care costs will
require policies that deny treatment to people who want it. And want it because
it will extend their lives.
This goes on already, all the time. Health insurance
companies have been known to deny payment for treatments deemed unnecessary.
Age limits for organ transplants are another example. All policies that involve
denying care because of “quality of life” considerations are, in effect, “death
panels.” But no society can afford to give every citizen every possible
therapy. Medicare is going broke trying.
So who are we supposed to deny treatment to?
The elderly of course.
According to that Bloomberg article, we are supposed
to kill off our sick grandparents because the "quality of life" they
would be expected to have if they recover would not be enough to warrant
spending so much to save them....
A $200,000 operation can add a year or two to the
life of an octogenarian, or it can save decades of life for younger people. In
a country like the
This is the kind of thinking that starts happening in
a society that dramatically devalues life.
If human life has little value, then it is easy to
start justifying things that would have once been unthinkable.
For example, one surgeon is now suggesting that we
should start harvesting organs from patients before they die....
Dr. Paul Morrissey, an associate professor of surgery
at Brown University's Alpert Medical School, wrote in The American Journal of
Bioethics that the protocol known as donation after cardiac death -- meaning
death as a result of irreversible damage to the cardiovascular system -- has
increased the number of organs available for transplant, but has a number of
limitations, including the need to wait until the heart stops.
Because of the waiting time, Morrissey said that
about one-third of potential donors end up not being able to donate, and many
organs turn out to not be viable as a result.
Instead, he argues in favor of procuring kidneys from
patients with severe irreversible brain injury whose families consent to kidney
removal before their cardiac and respiratory systems stop functioning.
Do you want your organs harvested before you are
dead?
Sadly, those that often do need organ transplants the
most these days are often denied for "quality of life" issues as
well.
For example, at one
These are the kinds of decisions that are being made
by doctors and by health insurance companies all over
And did you know that life-ending drugs are going to
be 100% free under Obamacare?
I did not know this until I read a Christian Post article the
other day....
A Christian-based legal defense alliance is warning
Americans who already believe that President Barack Obama's health care plan is
a bad idea that the "ObamaCare mandate is worse than you think."
"Everyone likes a good surprise, but no one
likes a bad surprise. So, you're really not going to like the surprises buried
in the 2,700 pages of this document," says the narrator of a short video
produced by the Alliance Defense Fund.
"Did you know that with ObamaCare you will have
to pay for life-saving drugs, but life-ending drugs are free. One hundred
percent free. If this plan were really about health care wouldn't it be the
other way around?"
Apparently they want to make it as easy to off
yourself and your relatives as possible.
So where is all of this headed?
Are we eventually going to become like the
In the
Is that what we want?
Do we want government agents going door to door to
help people die?
As I have written about previously, the elite believe
that the world is massively overpopulated and they believe that all of us are ruining their planet.
So they love euthanasia, abortion and pretty much anything else that will result in
more people ending up dead. What are your thoughts about all of this?
Please feel free to post a comment with your opinion below....’
Sobbing
witness, 18, details sex abuse in Sandusky trial { The defense: just a frolicking,
cornholin’, fun-loving man-child; that sweet sandy was! Riiiiight! ‘… "After cracking my back and rubbing his hands down
the back of my shorts and blowing on the stomach, he, he put his mouth on my
privates," the man said, holding back sobs as a silent courtroom listened.
"I didn't know what to do. With all the thoughts running through my
head I kind of blacked out, I didn't want it to happen," the witness
added. The witness began to cry and said
Mood toward Romney's prospects brighten
Infowars.com | As the Queen waves on, relatively
few remember the cold-blooded murder which was then used as a giant psy-op on
the public. Europe's
Banking Union 'Non-Solution' , Guest Post: God Don't Save The Queen { You know, I recently have become somewhat
bored of the topic ‘jolly old england’ despite their glaring failure across the
board, and a noisome intrusiveness as here, for me, ie., orange street, conn.
( http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ) , etc.,
and all the negatives entailed therewith; yet, there’s something so nauseating
about that cloyingly bothersome nothingness that bespeaks old england, that ‘go
along, get along and pretend’, that I include the following from Zerohedge.com
that’s accurate, fair comment. } "Crowds Cheer Queen On Last Day of Jubilee"
So ran the headline from Time.
Yesterday marked the end of the “Diamond Jubilee” of Queen Elizabeth II of the
British monarchy. The four day celebration was is honor of her ascendancy
to the throne sixty years ago. Monarchies are supposed to be antithetical to
freedom. Under feudalistic monarchism, the notion of
personal liberty took a backseat to loyalty to the king. Those who
weren’t part of or close to the nobility were referred to as subjects. These
peasants were to serve without question. Today, the only difference between the
systematic malfeasance and plunder that existed under the rule of monarchs and
that which defines the state is the ballot box.
Voters in a sense get to choose a small portion of their rulers. This
gives them the mirage of freedom when the nation-state they inhabit is no less
than a contemporary field of serfdom lorded over by kings. Too much of
the public still behaves with the mindset of servants. They are
pathetically docile to those who hold the keys of their shackles. What the celebration of
Queen Elizabeth’s sixty year rule showed is that the people of
http://albertpeia.com/2trapsdestroyingnextgenerationofamericanmen.htm
http://albertpeia.com/totheguillotine.htm
http://albertpeia.com/whydoesmainstreammediaignorebilderberggroup.htm
Submitted by Tyler Durden on
05/31/2012 http://albertpeia.com/usdhsadmitsmonitoringyouforthese377words.htm
http://endoftheamericandream.com
http://albertpeia.com/2yearsinprison.htm
{ I
personally am against any and all forms of corporal punishment, ie., hitting,
striking, spanking, etc., of a child and include this article as a matter of
first amendment principle. I understand that in an inherently and pervasively
lawless nation as
Americans target of state-sponsored assassination
program
Paul Joseph Watson
Prison Planet.com
Tuesday, May 29, 2012
President Barack Obama’s unconstitutional secret
‘kill list’ includes a 17-year-old girl along with several American citizens,
according to a New York Times report.
“Mr. Obama has placed himself at the helm of a top
secret “nominations” process to designate terrorists for kill or capture, of
which the capture part has become largely theoretical. He had vowed to align
the fight against Al Qaeda with American values; the chart, introducing people
whose deaths he might soon be asked to order, underscored just what a moral and
legal conundrum this could be,” reports
the NY Times, adding that one of the targets in Yemen is “a girl who looked
even younger than her 17 years,” and that “Several were Americans.”
The White House has asserted the right to carry out
state-sponsored assassination anywhere in the world without having to provide
any evidence or go through any legal process. The administration merely has to
state that the target is a terrorist and it doesn’t matter whether they are an
American citizen or not, as we saw in the case of American-born
Anwar al-Awlaki and his son, who were both killed last year.
In December, Obama
administration lawyers reaffirmed their backing for state sponsored
assassination, claiming that “
During
a CBS 60 Minutes interview in January, Secretary of Defense Leon Panetta
revealed that Obama himself personally approves the policy to kill American
citizens suspected of terrorism without trial on a case by case basis.
“So it’s the requirement of the administration under
the current legal understanding that the president has to make that
declaration, not you?” Panetta was asked, to which he replied, “That is
correct.”
The fact that the administration is carrying out
state-sponsored assassination with absolutely no regard to legal due process in
the name of fighting Al-Qaeda is particularly brazen given the fact that the US
has backed Al-Qaeda terrorists in both Libya and Syria in the effort to
overthrow Colonel Gaddafi and Bashar Al-Assad.
“In the
“Somehow, I doubt that there will be a peep of
protest about that at the Democratic National Convention this summer. And, to
make things even more depressing, I’m sure that the Republicans will claim that
Obama is “soft on terrorism” and is too “timid” to launch the
http://endoftheamericandream.com
http://albertpeia.com/usmultilingual.htm
Woman
charged in NJ deaths of 2 Canadian tourists AP ‘…The killings marked the third and fourth homicides
involving visitors to
Romney opens new front vs Obama: schools are failing
Romney fires back: Election is about Obama's record
Romney
promotes education agenda, defends Bain Originally
planning to focus on education, Mitt Romney instead reignited the debate over
his business credentials on Wednesday, welcoming scrutiny of the private equity
firm he co-founded and declarin...
http://albertpeia.com/top50excusesfornotprepping.htm
Aaron Dykes | Publicist says “fact checking” not
correspondence with Obama to blame, as apology is rushed out
Infowars | Over 16
Years, Obama’s Literary Agency Circulated Official Biography Listing Birthplace
as Kenya, Suddenly Changing it to
Infowars | Obama’s
own authorized biography while president of the Harvard Law Review says he was
“born in
Paul Joseph Watson |
Establishment media pulls stunt in effort to diffuse ‘birther’ controversy.
Establishment media pulls stunt in effort to diffuse
‘birther’ controversy
Paul Joseph Watson
Infowars.com Friday, May 18, 2012
The establishment media hastily seized on yesterday’s
explosive story about a literary publication listing Barack Obama’s birthplace
as
A literary agent’s promotional text for a 1991
brochure released
yesterday by Breitbart.com states Obama was “born in
Yahoo
News, along with a deluge of other mainstream news outlets, responded by
reporting that the document was potentially the “source” of the birther
controversy and had merely been a mistake.
The literary agent who wrote the description, Miriam
Goderich, now works with Dystel & Goderich agency, which lists Obama as one of its clients.
Unsurprising therefore that Goderich hastily claimed listing Obama’s birthplace
as
However, evidence to indicate that Obama war born in
- Despite claiming the passage about Obama’s
birthplace being
- The literary agency also updated
the text in June 1998, but the part about Obama being born in
- The text was again updated in February 2005 to
reflect the fact that Obama had become a Senator, but
- After an April 2007 modification of the text, the
passage still read Obama, “was born in
- As
Steve Boman reveals, the Dystel & Goderich agency asks its clients to
submit their own biography, meaning it’s virtually impossible the listing of
Obama’s birthplace as Kenya could have been a “fact checking error” on behalf
of the literary company itself.
- During a speech about HIV, First Lady Michelle
Obama said she and Barack Obama “visited his home country of
- In 2008, Obama’s paternal step grandmother
appeared to indicate publicly that Barack Obama was born in
- Another source who met Sarah Obama told World Net
Daily, “I have keenly and attentively listened to the tape over and over again,
and I can confirm from Sarah’s own confession that Barack Obama was born in
- A separate Kenyan government official agreed,
stating, “I have listened to the tape. The preacher asked whether Barack Obama
was born in Mombassa, and the translator asked the same. When she said
Mombassa, it was like a surprise, and those there thought she could not have
meant to say Mombassa.”
- When New York Times bestselling author Jerome Corsi
traveled to Kenya to investigate the claims, he was almost immediately kicked out
of the country by Kenyan officials.
- When Kenya’s National Security Intelligence Service
investigated claims that Obama was
born in Kenya, officials in Nairobi found “relevant birth records may have
been removed or were missing.”
- Obama has deep political connections in
For the mainstream media to imply that the 1991
brochure is the “source” of the claim that Obama was born in
*********************
Paul Joseph Watson is the editor and writer for Prison Planet.com. He is the author of Order
Out Of Chaos. Watson is also a regular fill-in host for The Alex Jones Show and
Infowars Nightly News.
Similar/Related Articles
Infowars.com | Alex
speaks with Congressman Walter B. Jones, Jr. about H.CON.RES.107.
New evidence in Trayvon Martin case raises
more questions
Trayvon Martin's autopsy shows he had marijuana in his system the night he was
killed by neighborhood watch volunteer George Zimmerman, and a gunshot to his
chest came from close range, according to nearly 200 pages of previously
undisclosed documents released Thursday.
Infowars | Obama’s own authorized biography
while president of the Harvard Law Review says he was “born in
Aaron Dykes | Publicist says “fact checking” not
correspondence with Obama to blame, as apology is rushed out
Infowars | Over 16 Years, Obama’s Literary
Agency Circulated Official Biography Listing Birthplace as Kenya, Suddenly
Changing it to
Infowars | Paul Harvey predicts the future with
the radio piece from the early 90′s.
Infowars | Obama’s own authorized biography
while president of the Harvard Law Review says he was “born in
breitbart.com | Obama’s publisher reveals more
evidence Obama in violation of the Constitution.
Paul Joseph Watson | Defense Secretary re-affirms Obama
administration’s unconstitutional stance. { Wow! Talk about making up the
‘rules’ as you go along! Absolutely shocking! }
Prisonplanet.com | Defense Secretary Leon Panetta says
the President has the authority to override Congress’ exclusive power to
declare war, if some “vital interest” is at stake. { Wow! Talk about making up
the ‘rules’ as you go along! Absolutely shocking! }
INFOWARS.COM http://www.infowars.com On the Wednesday,
May 9 edition of the Alex Jones Show, Alex talks with Douglas J. Hagmann, founder and director of the Northeast Intelligence
Network. He is also the CEO of a private investigative agency serving a roster
of Fortune 500 clients. Due to his expertise in covert surveillance and
counter-terrorism, Mr. Hagmann has been used as an operational asset by the
http://albertpeia.com/42712pics.gif
RT | A new
Department of Defense document has been leaked to the Web that details
“Internment and Resettlement Operations.”
Paul Joseph Watson |
Political activists would be pacified to sympathize with the government.
http://albertpeia.com/whatwhosehistory.htm
http://albertpeia.com/unsoundslikeaplanfordisasterontheway.htm
Paul Craig Roberts | When did
things begin going wrong in
http://albertpeia.com/howlibertywaslost.htm
Paul Joseph Watson | The five
core reasons why Obama should be impeached.
THE FIVE CORE REASONS WHY OBAMA SHOULD BE IMPEACHED
Paul Joseph Watson
Prison Planet.com
Thursday, April 12, 2012
A new national movement has been launched to impeach
President Obama based around five core issues which clearly demonstrate how
Obama has flagrantly violated the Constitution.
The campaign, backed by director, producer, actor and
writer Sean Stone, is a follow-up to
The five core reasons for impeachment proceedings to
be launched can be summarized as follows;
#1) Despite
promising otherwise, Barack Obama committed U.S. military resources to
overthrow Libyan leader Colonel Gaddafi without any kind of congressional
authorization whatsoever and without citing any evidence that Libya under
Gaddafi was a threat to the security of the United States. Furthermore, Obama
brazenly undermined the power of Congress by insisting his authority came from
the United Nations Security Council and that Congressional approval was not
necessary. “I don’t even have to get to the Constitutional question,” Obama
churlishly remarked.
#2) On New
Years Eve 2011, Obama signed into law the National Defense Authorization Act
which includes provisions that permit the abduction and military detention
without trial of
#3) The
passage of the Obamacare bill, under which Americans will be forced to buy
health insurance, is clearly anathema to the Constitution. “The individual mandate
is unprecedented and exceeds Congress’s power to regulate interstate commerce.
If it is allowed to stand, Congress will be able to impose any kind of economic
mandate as part of any kind of national regulatory scheme,” writes
Ilya Shapiro, a Senior Fellow in Constitutional Studies, Cato Institute.
#4) Obama’s
role in the economic looting of America since he took office is unprecedented.
Specifically, Obama violated the Constitution’s Takings and Due Process Clauses
when he bullied the secured creditors of automaker Chrysler
into accepting 30 cents on the dollar while politically connected labor unions
and preferential others received better deals.
#5) Finally,
Obama’s use of signing statements shows his desire to continue in the vein of
George W. Bush and rule by executive fiat. This is a direct violation of
Article II of the Constitution.
You can support this effort to get political momentum
behind starting the impeachment process against Obama by forwarding this
article and video to your network on Facebook, Twitter, You Tube and every
other platform of communication.
If the makers of Kony 2012 can receive international
viral coverage for putting out a film that was little more than a veiled call
for another unconstitutional invasion, this call to impeach Obama deserves
equal attention.
Read further information about the reasons why Obama
should be impeached here.
Tyson on Zimmerman: 'It's a disgrace that man hasn't been shot
yet' [ Spoken like the true ape, dumb nigger he is! If he had been an extra
in ‘Planet of the Apes’, they could have saved money on make-up / costumes. The
reality is, if that were the criterion and rule, given the overwhelming
prevalence of black violence, particularly black on white violence, there’d be
a lot of dead niggers. Niggers are a scourge wherever they are; a black plague,
if you will. The reality is that in this nation, having been overrun by
niggers, americans have become the new age dinosaurs. As for tyson, the ugly
little monkey that no one wanted, now full-grown angry ape, his IQ is well
below the average 100. Ape tyson is just a disgrace, period. He’s a typical
ignorant, violent ape/nigger. Life with ape tyson, also a convicted rapist, was
described by his then (soon to be former) wife, Robin Givens, in a live
televised interview with him present (you can only imagine the unsaid) as
‘hell’. He’s mentally deranged (too many head shots?), but he does profess
typical nigger sentiment. Panthers
Call For Violent Revolution, Race War, Bloodshed Against ‘Honkies’ (Video) Some typical comments: Reply:
April 11th, 2012 at 9:51 pm
11 percent of population and they always have thier
hands out begging for more.No matter how much yougive them its never
enough.Filthy animals is all they are.
Dandroid Reply:
April 11th, 2012 at 5:47 pm
Show trial to keep the peace? Cities will burn if hes
found not guilty!
Startover Reply:
April 12th, 2012 at 12:04 am
Let the cities burn, send the Army in to finish them
off
George Zimmerman is totally innocent
Trayvon is a punk ass killer (also a known thief and would be typical nigger
criminal)
There is only one victim in this case and that is
Zimmerman
Eduard Reply:
April 11th, 2012 at 7:28 pm
Precisely!! That was my thought. This press release
sounded more like a minor league actress thanking everyone at a Grammy Award
for her success. Then again, I can’t emphasize enough how despicable the
“lawyer” field really is. There is no shame in it. The profession is a giant
conflict of interest. Moreover, the rules of lawyer ethics always being
pulpitted is nothing more than consumable fodder for the gullible. Ethics and
lawyers? Laughable isn’t it? That’s like Lucifer passing out copies of the
decalogue. This whole twist to the “mestizo-reported-as-a-white man” Zimmerman
case has notched into a renewed effort of politicalization for formenting a
racial war. …’ ]
http://endoftheamericandream.com
http://albertpeia.com/stripyouanytime.htm
http://theeconomiccollapseblog.com
http://governmentparasitesforobama.htm
http://albertpeia.com/19thingstvtalkingheadsdontsay.htm
Aaron Dykes | Only global government can save
humanity, researchers claim while echoing MIT/Club of
10
Things Online Data Collectors Won't Say
- They know your online browsing secrets. We reveal their hidden tactics.
By TANIA KARAS
http://albertpeia.com/10thingsonlinedatacollectorsdontsay.htm
Militarization
of Police in America: Trained by Mossad Press TV | Treating
peaceful American protesters like terrorists.
{ Trained by mossad? How pathetic if true! Oh, yeah, they cheered the
firey implosion of the 911 twin towers; not too difficult to figure out why.
After all, with america now in their game (that ‘pearl harbor event’ the
neocons / military industrial complex, etc., were shootin’ for), it would give
them time for their orgies, typical bacchanalia, extravagance, etc., see Victor Ostrovsky - Wikipedia, the free
encyclopedia en.wikipedia.org/wiki/Victor_Ostrovsky
Jump to By Way of Deception : In 1990, he
published By Way of Deception to draw
attention to the corruption and shortcomings of the mossad …}
http://albertpeia.com/cellphoneprisonershackedandtracked.htm
Timeline: Major U.S. school and college shootings http://albertpeia.com/majorsuschoolcollegeshootings.htm
The Daily
US
Internet Criminalization Now Pursued at State Level – Conn. Attacked The
Daily Bell
Tuesday, April 3, 2012
ACLU Blasts ‘Electronic Harassment’ Bill; Says It
Criminalizes Free Speech … The American Civil Liberties Union of Connecticut is
blasting a bill proposed by state prosecutors that would make “electronic
harassment” a crime — including such acts as posting information on the Internet
that “has the effect of causing substantial embarrassment or humiliation to [a]
person within an academic or professional community.” The bill, which comes up
for a public hearing by the legislature’s judiciary committee Thursday,
“criminalizes speech that is protected by the First Amendment of the
Constitution,” said Sandra Staub, legal director for the state ACLU. “It’s
vague. It’s overbroad.” For example, Staub said, it contains “no standards for
substantially interfering with someone’s academic performance.” – N
Dominant Social
Theme: Now SOPA moves to the states. Good.
Free-Market
Analysis: These bills are all about the criminalizing of the
Internet. Now that SOPA has been pushed back on the federal front, the action
is turning to the states. The idea, in our view, is to whittle away at the
Internet bit by bit. Create precedent at the state level and then move in again
at the federal level.
The powers-that-be don’t like the Internet or what we
call the Internet Reformation that has changed the context of the power
debate in the
The Internet has exposed the memes of the elite,
the dominant social themes that are used to promote world government by
scaring people into cooperating with internationalist facilities like
the UN.
The powers-that-be are using the same strategies as
regards the Internet. They are trying to convince people that a series of
organized electrons are as a dangerous as a dark alley on a bad side of town.
The Internet needs to be seriously policed and criminalized.
SOPA itself was an attempt at this criminalization.
Here’s something from Wikipedia on the bill, which has not passed thus far:
The Stop Online Piracy Act (SOPA) is a United States
bill introduced by U.S. Representative Lamar S. Smith (R-TX) to expand the
ability of U.S. law enforcement to fight online trafficking in copyrighted
intellectual property and counterfeit goods. Provisions include the requesting
of court orders to bar advertising networks and payment facilities from conducting
business with infringing websites, and search engines from linking to the
sites, and court orders requiring Internet service providers to block access to
the sites. The law would expand existing criminal laws to include unauthorized
streaming of copyrighted content, imposing a maximum penalty of five years in
prison. A similar bill in the
Whether or not these bills are being written by
well-meaning people, they have the result of turning a free-speech arena into a
criminally patrolled environment. As a result, communication will suffer and
the ability of people to explain to each other the Way the World Works will
also degrade. Here’s more from the article excerpted above:
As the bill is written, someone could be charged with
electronic harassment — and, theoretically, jailed for up to a year and fined
$2,000 because the crime would be a “class A” misdemeanor — if he or she posted
information about a person that was true, Staub said. For example, she said,
even if a student posted accurate information on Facebook saying that a certain
professor had committed misconduct in the past, and that professor found it
embarrassing or humiliating, the professor could ask the police to arrest the
student.
Civil statutes and long-established case law already
deal with allegations of defamation — a person can sue for slander or libel if
his or her reputation is damaged by untrue information — and there’s no need to
criminalize the issue, Staub said.
The virtue of civil defamation law is that a person
cannot be held liable for defamation if the offending statement is true, Staub
said, noting that the “electronic harassment” bill, as written, even removes
truth as a defense.
Besides, Staub said, in a free society citizens
should be able to offer negative opinions that may not even be absolute fact.
Students should be allowed to rate the performance of professors, for example,
by offering criticisms that they are inept or seem to take their lectures right
out of some textbook, Staub said. “We have a constitutional right to annoy,
bother, and offend, basically.”
Whatever else the ACLU may be, they have moments when
they perform a real service, as in this case. There is nothing on the Internet
that needs another law to confront it, as Staub herself notes. “Moreover, there
are already criminal laws under which people are arrested for threatening and
harassing others, she said. These existing criminal statutes contain
well-established standards for what constitutes a crime — such as making
statements to a person that cause him or her to fear physical harm.”
Perhaps a key point made in the article is a
statement by Staub that the bill, Senate Bill 456, “has emerged seemingly out
of nowhere, relatively far into the legislative session … ‘I have no idea why
this bill is here.’”
We think we do, though. The
Who knows if the Connecticut bill will go anywhere.
It is “overly broad,” to say the least. But its introduction in Connecticut –
a fascist mess of a state – is notable.
It does seem, in our humble view, to mark another
expansion of the elite’s war against the Internet in the US. Perhaps there are
similar initiatives being pursued in other states as well.
Conclusion: They begin
at the federal level. That’s the first and simplest option. But now they are
likely starting to work their way down to state and even municipal levels if
necessary. This is how the dialectic is pursued.
United
States of Mass Murder: Only Mao Killed More
Kurt Nimmo | The
http://theeconomiccollapseblog.com
http://albertpeia.com/tornadoestothemidsection.htm
http://theeconomiccollapseblog.com
http://albertpeia.com/preppers.htm
Timeline:
Major U.S. school and college shootings http://albertpeia.com/majorsuschoolcollegeshootings.htm
Prison Planet.com | “We want to create (what’s called) a
global minimum tax”.
http://endoftheamericandream.com
http://kidsterrorizedbyterrordrills.htm
Kurt Nimmo | French citizens visiting “extremist”
websites would be treated same as those who look at child pornography.
[ Little nicky is so pathetic and a testament
to how far
Drudgereport:
People have become weary of making
up excuses for blacks (like obama, holder, etc.). At some point, as now, people
should not be timid about relating the cold, unvarnished truth statistically /
factually about blacks and, ie., black
on white violent crime, etc..
From Pat Buchanan: As for
racism, its ugliest manifestation is in interracial crime, and especially
interracial crimes of violence. Is Barack Obama aware that while white
criminals choose black victims 3 percent of the time, black criminals choose
white victims 45 percent of the time? Is Barack aware that black-on-white rapes
are 100 times more common than the reverse, that black-on-white robberies were
139 times as common in the first three years of this decade as the reverse? We
have all heard ad nauseam from the Rev. Al about Tawana Brawley, the Duke rape
case and
EUROPE RIDICULES OBAMA...
'Maybe copy key got stuck on presidential
speechwriter's keyboard'...
REPORT: Corzine Ordered $200M Moved to JPMORGAN Days
Before MF GLOBAL Collapse...
...memo contradicts Corzine testimony
LATEST DOCUMENT DUMP: White House was
all-hands-on-deck as SOLYNDRA collapse neared...
APPLE Flash Crash: Single Trade Causes 9% Plunge...
APNewsBreak:
Marine critical of Obama faces charge [ This one
caught my eye. While it is true that good soldiering requires absolute
discipline by definition, oaths should be taken seriously, honored, and given
effect. That said, burning Qurans was the product I assume of orders reflecting
even more than just stupidity; hence, whoever gave the order should pay the piper. If no order, and stupidity as
with urinating on the bodies of the dead, can and should the actors be held
accountable for such gross stupidity? Absolutely! However, one must be mindful
of the reality that marines invariably have ‘skin in the game’ when it comes to
consequences of commanders in chief incompetence, unlawful acts, poor judgment
particularly as impacted by questionable mental states (arbitrarily taking the
last three presidents as illustrative, viz., clinton, bush, obama certainly
reflect this reality and concern coupled with the unnecessary murderous results
of their actions). There has been a longstanding rebuke of the ‘just following
orders’ defense accorded soldiers since particularly the nazi regime as an
example. As such, Stein certainly should be lauded for saying what all soldiers
should already know; namely, the unlawful detention of americans, among other
constitutionally barred activities should not be among those orders they are
willing to follow. The proscriptions of posse comitatus should also serve as a
guide. This is particularly important given the fragile mental state of
americans generally, and
Paul Joseph Watson | Media
Matters is a White House front group. [ Though a frequent critic of neo-con
Limbaugh, I’m against any and all attempts, particularly by desperate wobama et
als to shut him down based on what he’s said. ]
The Cyber Intelligence Sharing and Protection Act of
2011, introduced by Rep. Mike Rogers and Rep. Dutch Ruppersberger, allows
companies or the government free rein to bypass existing laws in order to
monitor communications, filter content, or potentially even shut down access to
online services for "cybersecurity purposes." Companies are
encouraged to share data with the government and with one another, and the
government can share data in return. The idea is to facilitate detection of and
defense against a serious cyber threat, but the language is so broad it could
be used as a blunt instrument to attack websites like The
EFF has previously reported on two instances of
pro-Syrian-government malware targeting Syrian activists through links sent in
chats and emails. Now we've seen new Windows malware dropped by a fake YouTube
site hosting Syrian opposition videos. The fake YouTube page attacks users in
two ways: it requires you to enter your YouTube login credentials in order to
leave comments, and it installs malware disguised as an Adobe Flash Player
update.
Last week was Sunshine Week, a national celebration
of open government and freedom of information. In years past, the Obama
administration has been taken to task for reversing early promises on
transparency. Has it improved?
With that being said, the following are 40
embarrassing things that
#1
#2 There are
more car thefts in the
#3 Of all the
major industrialized nations,
#4 The
average American drinks more than 600 sodas a year -
the most in the world.
#5
#6 Nobody
watches more television per week (28 hours) than Americans do.
Although to be honest, people living in the
#7 The United
States leads the world in credit card fraud.
#8 The United
States has the highest percentage of one person households on the
entire planet.
#9 The United
States has the highest divorce rate in the world by a good
margin.
#10 The United
States has the highest teen pregnancy rate in the
world by far.
#11 There are
more school shootings in
#12 The United
States has the highest child abuse death rate in
the world.
#13 There are
more "deaths by reptile" in
America than anywhere else in the world.
#14 The United
States has the most lawyers per capita in the entire
world.
#15 The United
States produces more pornography than any other
nation in the world.
#16 Americans
take more prescription drugs than anyone else in the
world.
#17 More is
spent on prescription drug advertising in
#18 The
percentage of women taking antidepressants in
#19 More
people have been diagnosed with mental disorders in
#20 The United
States has the highest rate of illegal drug use on the
entire globe.
#21 There is
more credit card debt in
#22 There is
more mortgage debt in America than anywhere
else in the world.
#23 There is
more student loan debt in America than
anywhere else in the world.
#24 The United
States spends more money on government schools than any other nation on
earth does.
#25 U.S.
citizens spend more time in school than anyone else in the world. So why
are so many of us dumb as a rock?
#26 Nobody in
the world gets more plastic surgery done than Americans
do.
#27 The United
States leads the world in eating disorder deaths.
#28 According to nationmaster.com, the United
States has the most total reported crimes in the world by far.
#29 Nobody has
more airport security thugs groping women and children
than America does.
#30 The
#31 The United
States has the most complicated
tax system on the entire planet.
#32 The
#33 The United
States spends more on the military than the next 12 nations
combined, and yet the Obama administration is considering plans to
unilaterally slash the size of the U.S. nuclear arsenal by up to 80 percent.
#34 The United
States has the most foreign military bases in the world by far.
#35 The
#36 Americans
spend more time sitting in traffic than anyone
else in the world.
#37 Americans
spend more money on elections than anyone else does in the world by a
very wide margin.
#38 Every
single year, the United States has the largest
trade deficit in the world by far.
#39 The U.S.
government wastes more money than any other government on
earth does.
#40 The United
States has accumulated the biggest mountain of government debt in the history of the world.
So is the
Unfortunately, the answer way too often is yes.
The goal of this list of embarrassing things is not
to trash
Rather, the goal is to wake Americans up and to get
them to realize what has happened to us.
We should be deeply humbled and embarrassed as a
nation. We were once the best in the world and the envy of the entire
globe, but now the whole world is laughing at us.
America is supposed to be a beacon of liberty,
freedom and prosperity for the entire planet.
Instead, we are rapidly turning into a horror show.
Wake up
Please share this list with as many people as you
can. The American people need a massive wake up call, and it is up to
those of us that are awake to share the truth while we still can.’
‘Have you ever known someone that loves
death? When someone truly is in love with death, it can take that person
to a very dark place. Unfortunately, there are a growing number of
scientists, politicians and global opinion makers that believe that we must
reduce the size of the human population for the good of the planet. They
are convinced that humanity is causing global warming, killing off other
species and making this planet unlivable. In their quest to save the
future of the planet, they are becoming bolder and bolder with their calls for
population control. They love death because they believe that it will
help save the earth. They figure that with less humans around, there will
be less carbon emissions, less pollution and more room for other species.
So how will this be achieved? Well, as you will read about in the rest of
this article, "after-birth abortions", "mobile euthanasia teams",
"sperm-destroying ultrasound technology" and putting contraceptives
in the tap water are just some of the ways that are being proposed to reduce
current human numbers. This hatred of life and love of death is being
taught in colleges and universities all over the western world, and this
population control philosophy is becoming increasingly dominant with each
passing year.
I realize that the idea of "mobile euthanasia
teams" may sound like something out of a science fiction movie, but the
truth is that this is not just a "pie in the sky" concept.
In fact, in the
The following description of this program comes from
a recent article in The Independent....
The project, which has provoked sharp criticism from
doctors, is the brainchild of the Dutch largely donor-funded Right to Die NL.
It follows the government's 2002 decision to legalise euthanasia, making the
Can you imagine your grandparents getting a visit someday
from a mobile euthanasia team?
But it is not just the elderly that are being
targeted for death.
Two scientists recently made headlines all over the
world when they released a paper calling for the legalization of ''after-birth abortion''.
Alberto Giubilini of Monash University in Melbourne,
Australia and Francesca Minerva of the University of Melbourne co-authored an
article in the Journal of Medical Ethics entitled "After-birth
abortion: why should the baby live?"
In their paper, they argue that a baby is just a
"potential person" and that "killing a newborn should be
permissible in all the cases where abortion is, including cases where the
newborn is not disabled."
Giubilini and Minerva argue that just because a baby
is human does not mean that it has any rights. The follow quote is from their paper....
"Merely being human is not in itself a reason
for ascribing someone a right to life. Indeed, many humans are not considered
subjects of a right to life: spare embryos where research on embryo stem cells
is permitted, fetuses where abortion is permitted, criminals where capital
punishment is legal"
Giubilini and Minerva also believe that the
"burden" placed on the family and on society by a new baby must be
given precedence when it comes to matters of live and death. The
following is another quote from their paper....
"To bring up such children might be an
unbearable burden on the family and on society as a whole…On these grounds, the
fact that a foetus has the potential to become a person who will have an (at
least) acceptable life is no reason for prohibiting abortion."
Giubilini and Minerva insist that "after-birth
abortions" would have a lot of advantages.
For example, approximately a third of all babies with
Down syndrome are not diagnosed in the womb. After-birth abortions would
take care of that "problem" by allowing mothers to
"terminate" those children after they have been born.
Other scientists aren't just concerned about giving
the elderly and new mothers more "choices". Many are now
advocating the implementation of strict global measures to reduce the human
population for the sake of the environment.
For example, Colorado State University Professor
Philip Cafaro recently released a paper entitled "Climate Ethics
and Population Policy". In that paper, Cafaro declared that
humans are committing "interspecies genocide" and that therefore it
is imperative to reduce our numbers....
"Scientists now speak of humanity’s increased
demands and impacts on the globe as ushering in a new geological epoch: the
Anthropocene. Such selfish and destructive appropriation of the resources of
the Earth can only be described as interspecies genocide."
For Cafaro, simply stopping the growth of the human
population on earth is not enough. He says that in order to prevent
"catastrophic global climate change" we are going to have to
"significantly" reduce the size of the global population....
"Ending human population growth is almost
certainly a necessary (but not sufficient) condition for preventing
catastrophic global climate change. Indeed, significantly reducing current
human numbers may be necessary in order to do so."
Unfortunately, a love of death is now widespread at
U.S. colleges and universities. For example, Professor of Biology at the
University of Texas at Austin Eric R. Pianka once wrote the following....
I do not bear any ill will toward people. However, I
am convinced that the world, including all humanity, WOULD clearly be much
better off without so many of us.
Population control is something that Bill Gates has
been putting a lot of funding into as well. The following example comes
from a recent Natural News article....
Mass vaccination is apparently not the only
depopulation strategy being employed by the Bill & Melinda Gates
Foundation, as new research funded by the organization has developed a way to
deliberately destroy sperm using ultrasound technology. BBC News reports that
the Gates Foundation awarded a grant to researchers from the University of
North Carolina (UNC) to develop this new method of contraception.
For their study, the UNC team tested ultrasound on
lab rats and found that two 15-minute doses "significantly reduced"
both sperm counts and sperm integrity. When administered two days apart through
warm salt water, ultrasound caused the rats' sperm counts to drop below ten
million sperm per milliliter, which is five million less than the
"sub-fertile" range, and stay that way for up to six months.
Sadly, it is not just a few scientists and opinion
makers that are obsessed with death and population control.
As I have written about previously, the United
Nations continues to push Agenda 21 on the entire globe. The following is how
the United Nations defines Agenda 21....
Agenda 21 is a comprehensive plan of action to be
taken globally, nationally and locally by organizations of the United Nations
System, Governments, and Major Groups in every area in which human impacts on
the environment.
The United Nations publishes report after report
calling for more "global governance" over the environment. The
following comes from a recent Fox News article....
The report, “21 Issues for the 21st Century,” from the
United Nations Environment Program (UNEP) Foresight Process, is the culmination
of a two-year deliberative process involving 22 core scientists. It is expected
to receive considerable attention in the run-up to the Rio+20 United Nations
Conference on Sustainable Development, which will be held in
The scientists who wrote the report say it focuses on
identifying emerging issues in the global environment, and that it is not about
mandating solutions.
But its critics see an agenda lurking in its 60
pages, which call for a complete overhaul of how the world's food and water are
created and distributed -- something the report says is “urgently needed” for
the human race to keep feeding and hydrating itself safely.
But it isn't just food and water that the United Nations wants control
over.
The truth is that the United Nations is absolutely
obsessed with the number of people living on the planet.
In a recent report entitled, "Resilient
People, Resilient Planet: A Future Worth Choosing" the UN warned about
our "unsustainable lifestyles" and of the disastrous impact of
population growth....
But what, then, is to be done if we are to make a
real difference for the world’s people and the planet? We must grasp the
dimensions of the challenge. We must recognize that the drivers of that
challenge include unsustainable lifestyles, production and consumption patterns
and the impact of population growth. As the global population grows from 7
billion to almost 9 billion by 2040, and the number of middle-class consumers
increases by 3 billion over the next 20 years, the demand for resources will
rise exponentially. By 2030, the world will need at least 50 percent more food,
45 percent more energy and 30 percent more water — all at a time when
environmental boundaries are throwing up new limits to supply. This is true not
least for climate change, which affects all aspects of human and planetary health.
We are constantly being told these days that the
problem is that there are "too many people" and that if there are
less people things will be better.
Members of the
Just the other day, Health and Human Services
Secretary Kathleen Sebelius was publicly proclaiming that the new requirement
that all health insurance plans cover sterilizations and contraceptives will be
good for employers and health insurance companies because it will mean less
births. She argued that the savings from less people being born will more
than make up for the expense of the sterilizations and the contraceptives.
Sebelius told Congress the following on Thursday....
"The reduction in the number of pregnancies
compensates for the cost of contraception"
Other members of the Obama administration are
preaching the population control gospel as well. U.S. Secretary of State
Hillary Clinton has even stated that population control will be a "centerpiece" of
We even find a love of death in the White
House. Barack Obama's top science advisor, John P. Holdren, once wrote the following....
"A program of sterilizing women after their
second or third child, despite the relatively greater difficulty of the
operation than vasectomy, might be easier to implement than trying to sterilize
men.
The development of a long-term sterilizing capsule
that could be implanted under the skin and removed when pregnancy is desired
opens additional possibilities for coercive fertility control. The capsule
could be implanted at puberty and might be removable, with official permission,
for a limited number of births."
That quote should send a chill up your bones.
In
At one
How would you feel if that was your child?
Unfortunately, society continues to move away from
the idea that life is inherently valuable and deserves to be preserved.
In fact, many top global opinion makers are openly
calling for a dramatic reduction in human numbers.
CNN Founder Ted Turner once said the following....
"A total population of 250-300 million people, a
95% decline from present levels, would be ideal."
For many more shocking quotes about population
control from scientists, politicians and top global opinion makers, just check
out this article which I published previously.
The world is becoming a very heartless place.
Those at the top look down on the rest of us as if we
were vermin that need to be exterminated.
Increasingly, this sick population control agenda is
being preached at us in the mainstream media. For example, just check out
what the editorial page editor of The Detroit News says should
be done in
Since the national attention is on birth control,
here's my idea: If we want to fight poverty, reduce violent crime and bring
down our embarrassing drop-out rate, we should swap contraceptives for fluoride
in
We've got a baby problem in
He is seriously proposing to put contraceptives into
our drinking water?
How can people be so twisted?
Sadly, as I mentioned earlier, this philosophy is
being endlessly preached at thousands of colleges and universities all over the
world.
The sick adherents of this philosophy love death and
are obsessed with controlling the population of the earth.
They are just going to keep pushing their agenda
further and further and further.
They truly believe that they must reduce our numbers
in order to save the planet.
But in their zeal to "save the earth" they
may take all of us to a very, very dark place…’
EFF: In our 600th issue:
While copyright owners claim that they need anti-circumvention
laws to address copyright infringement, twelve years' experience with the U.S.
DMCA provisions demonstrates that overbroad digital locks laws can wreak havoc
on lawful, non-infringing activities, stifle free speech and scientific research,
and harm innovation and competition. Small wonder that a broad range of groups
in Canada have come out against the unforgiving nature of Canada's C-11 Bill,
including librarians, content creators, rights advocates and others.
For many years, EFF has been working to encrypt the
Web, pushing websites to adopt better security and providing users with tools
to protect themselves. This month, we're looking at online dating sites, which
can be particularly negligent in safeguarding the sensitive data of users. Our
analysis found these sites failed to implement even basic levels of security,
but we were particularly concerned about the negligent security practices we
discovered on the free dating site OkCupid. We've contacted the site and asked
them to improve, but we could use your help. Send OkCupid an email today asking them to implement HTTPS.
Using data from EFF's SSL Observatory project, a team
of researchers conducted an audit of the public keys used to protect HTTPS.
Lenstra's team has discovered tens of thousands of keys that offer effectively
no security due to weak random number generation algorithms. The consequences
of these vulnerabilities are extremely serious.
Six Heartbreaking Truths about
Online Dating Privacy
Millions of people are using online dating sites to
search for love or connection, but users should beware: many online dating
sites are taking short cuts in safeguarding the privacy and security of users.
Whether it's due to counter-intuitive privacy settings or serious security
flaws, users of online dating profiles risk their privacy and security every
day. We've put together six sobering facts about online dating services and a
few suggestions for routing around the privacy pitfalls.
Comparing Privacy and Security
Practices on Online Dating Sites
Concerned about your privacy when you use online
dating sites? You should be. We found that the majority of the sites we
examined did not take even basic security precautions, leaving users vulnerable
to having their personal information exposed or their entire account taken over
when using shared networks, such as at coffee shops or libraries.
A Better Path for Apps: Respecting
Users and Their Privacy
Earlier this week, a Singapore-based iOS software
developer made a startling discovery while working with the popular
social-networking app Path: in the course of every new account creation, Path
uploads the new user's entire iPhone address book to their servers. The strong
user reaction demonstrates that even as norms of sharing evolve online and in
the social networking space, users still value their privacy highly.
The world's biggest democracy is a formidable power
in the IT sector. Despite playing such a role -- or perhaps because of it --
Iran Ratchets Up Its Internet Censorship
The Iranian government has not openly acknowledged
these new measures. However, they are widely thought to be preliminary steps
towards a nation-wide Halal Internet that would cut off a majority of citizens
from the global web -- replacing it with one that would effectively block all
foreign sites, allowing only state-controlled content to be accessed within
Iran.
What the RIAA Won't Tell You: Users
Matter
The New York Times published a lengthy screed from
Cary Sherman, president of the Recording Industry Association of America,
complaining about how "Google and Wikipedia" got in the way of
efforts to ram through the Internet blacklist bills, never mind the massive
collateral damage to Internet security, expression, and innovation those bills
would have caused. The op-ed's really unfortunate message is that Hollywood
still thinks the way forward is for a few executives to sit down together and
make a deal.
The perpetual, invisible window
into your Gmail inbox
Since Gmail added OAuth support, an increasing number
of startups are asking for a perpetual, silent window into your inbox. While
hugely convenient for both developers and users, OAuth may be paving the way
for an inevitable privacy meltdown.
Amnesty International: EU urged to
reject international anti-counterfeiting pact
Amnesty International urged EU governments not to
join the Anti-Counterfeiting Trade Agreement (ACTA), branding it a
"Pandora's box" of potential human rights violations.
We are the media, and so are you
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Infowars.com | Authorities are trying to officially
designate noncomformity and free thinking as a mental illness. [ Try as they
might, it’s doubtful such efforts could succeed, almost by definition alone,
without self-destructive complicity on
the part of the APA which would by so doing undermine the APA’s credibility, as
well as, their substantial progress and achievements in this field. ]
Chimp from 1930s US 'Tarzan' films dead at 80 [
Chimpout! Blacks in mourning! ] Cheetah, a chimpanzee said to have performed in
the "Tarzan" films of the 1930s, has died at the age of 80, according
to the
Pakistan's military rejects Pentagon findings, denies coup plot MiamiHerald.com [Yeah … come on … who’d possibly be
foolish enough to believe the u.s. military or any other agency, entity of the
u.s., particularly concerning such a nefarious incident. Pervasively corrupt,
defacto bankrupt
Sneaker Mob Goes On Rampage: The Decline of Western
Civilization John Galt | When the collapse happens, your
neighborhood becomes a permanent Black Eye Friday.
They Can't Wait, They (blacks) Break Into The Mall...
PappyHappy
How many used their EBT
card??
The following is a MUST
SEE for those who perceived themselves as ‘LEADERS OF URBAN AREAS, AND FIXERS
OF URBAN PROBLEMS’!
This is a video of Mayor
Michael Nutter (Mayor of
Makes one wonder where
other ‘self professed urban leaders’ have been doesn’t it??
December 23, 2011 at
8:27 pm | Reply | Report comment
Mudholder
I knew we were headed
towards ” Idiocracy “, when in 1971 they started teaching “ebonics”. at
December 23, 2011 at
10:02 pm | Reply | Report comment
rusty the right
wing nut
yeah its were our tax
money went statisticaly we paid for some of them shoes bunch of apes they ussed
their obama welfare foodstamp and unemploymeny money and probly some money they
sold crack for and probly pimped a few ni$$a Bi%%%%S as well for cause dem
shoes cause dey tight
December 23, 2011 at
10:37 pm
Michael
Christmas is the
birthday of the Son of God. Civilizied Christains worship God, love eachother
and seek peace on earth. Animals worship material material goods which will
fill a landfill someday. I pity the animals.
December 23, 2011 at
10:48 pm
DIVERSITY IS OUR
STRENGTH!
Welcome to our http://www.NewNation.org
December 23, 2011 at
11:21 pm
Allan Sokyra
DIVERSITY IS NOT OUR
STRENGTH!
UNITY IS. But that’s not somthing I expect the gimme, gimme, gimme diversity
crowd to understand.
December 24, 2011 at
3:22 am
JoeJones
Gimme some of dem Obamabucks
man!
December 24, 2011 at
5:34 am
Hal McCombs
Hey “Diversity”? Do you
not know the English language?
How can ‘diversity’, the
root of which is “to divide”, bring us together?
Are all leftists as
stupid as you? (Especially the one calling himself “rusty” pretending to be a
‘right-wing’ redneck.)
December 24, 2011 at
5:53 am
Rita Ippolito
contrast this honest and
strong Black leader with the Race hustlers like Sharpton, Jackson.. WE NEED
MORE LIKE HIM
December 23, 2011 at
11:13 pm | Reply | Report comment
Jomama
Obama supporters…what do
you expect? Uncivilized and immature. Good God, a pair of shoes and the chaos
it causes? What about what our leaders are doing to this country and not a
care…God help the
December 23, 2011 at
11:34 pm | Reply | Report comment
LA Doc
Man, you ain’t kidding.
Freeloading, thieving, ghetto-rats. All of them. Just like the animals in the
WH and Congress.
December 23, 2011 at
11:46 pm
bullrider
I haven’t spent a
fraction of what those shoes cost for any I’ve bought EVER. Of course, I’m a
systems analyst and have to pay every frigging dime of the cost for food,
housing, clothing, medical care etc. for myself and my family, and pay huge
taxes on my $60K income so others CAN afford to buy those UGLY f-ing shoes.
December 24, 2011 at
12:39 am
Rob Frey
Wow I am appalled at the
state of society and just as appalled at the racial tones thrown around in the
comments. When i read this i didn’t even equate this to black or white.
Although reading more about this most of this was people of color. Don’t get me
wrong i am no liberal i just don’t see skin color as a judgement before
character. This season there has been a far greater number of stories of blacks
in shopping incidents. I am sure the we will do a 10 million dollar study
funded by the government. My thought is the social issues are escalating due to
the not phasing out of Affirmative action. It had a purpose initially but now
there is a segment of society dependent on it along with providing a nanny
state. It’s creating a racial divide and an attitude of oh i deserve this it’s
taken generations. We now have a nanny state, which is by design to buy votes
not to help long term by making us equal in anyway. We have now a group that is
dependent and believes they are less than so they need this. This didn’t create
equality, it created a monster and now we have a president who is using the
divide it has cause as a weapon against whites. The facts are well know there
is no evidence that supports this Affirmative action as a long term thing had
help our society. We all have to stand on our own sooner or later. Please don’t
read into this that i believe all blacks are in this whirlpool hell no. It’s
very much becoming a Hispanic issue also, they can sneak into the
December 23, 2011 at
11:45 pm | Reply | Report comment
rusty the right
wing nut
liberal Pu$$Y probly
voted for HObama
December 23, 2011 at
11:47 pm
Annie
Dont insult the
intelligence of smart blacks or caucasions . Affirmative action is a symptom
not a cause. This is the face of ghetto culture and this primative behavior
exists in every african nation on earth. Stop with the excuses. Every culture
has been enslaved and “oppressed”. The mark of a people is how you pick
yourself up, rise above and organize your social behavior.This continued
infantalization of African American cultures doesn’t do anyone any favors. What
exactly is it doing for you? Cui bono?
December 24, 2011 at
12:17 am
bullrider
I’m not a person of
color. I must be transparent like window glass.
December 24, 2011 at
12:41 am
Andrew
Gee aren’t you so
swell…you are just a such a peach to be so above seeing the politically
incorrect but oh so obvious truth. The obvious fact being that 99.5% of urban
blacks give the remaining half percent a bad rap. Pull your head out…it ain’t
racist if (and it is) the truth. These ‘people’ are an embarrassment to any
thinking individual, they are uncivil and are effectively acting as the water
in the fuel tank of this once great nation, and you are not helping by denying
it. I know you would not hold back if it was a bunch of white trash doing the
same.
December 24, 2011 at
12:52 am
Chris
A “gift” tree? Does this
mean the Menorah is now a gift candle stick?
December 24, 2011 at
12:48 am | Reply | Report comment
Jessie
This is a black leader
NOT
Democrat entitlement programs have ruined the black community over the last 3
decades . This is what you wind up with
December 24, 2011 at
1:06 am | Reply | Report comment
GW
Meanwhile across town,
the Reverand Al Sharpton held an Occupy Nike event, at which he decried the
Nike corp of exploiting the inner city by creating the shoe in the first place
“this is obviously a scheme to take from the poor and give to the 1%” “Nike
should be ashamed at the way it has made these honor roll students behave”. The
crowd supporters behind him chanted “Jordon! Fordon” as the Reverand went on to
ask: “why didn’t Nike just give the shoes away to anyone that wanted them? This
is an outrage”. Senetor Maxinne Waters promised a full congressional hearing, and
the president remarked that the police acted “stupidly.
December 24, 2011 at
4:43 am | Reply | Report comment
hooky
Well, throw a pair of
Air Jordans in front of a group of blacks is like throwing raw meat in the
lion’s den. What would one expect? Get real!
December 23, 2011 at
8:28 pm | Reply | Report comment
RC
Your confused with food
stamps…
December 23, 2011 at
10:39 pm | Reply | Report comment
rusty the right
wing nut
what-
im confused f u f a g
December 23, 2011 at
10:46 pm
rusty the right
wing nut
no they sell the card or
buy food and sell it at a cheaper price cause black chicks tend to have a $hit
ton of kids so they have a lot they but theyre broke lazy a$$ boyfriend these
so after he impregnates her he can run away faster. Stupid A$$
December 23, 2011 at
10:49 pm
Boston Patriot
@RC: The proper
grammatical construction is “you’re” for you are. Thanks
December 23, 2011 at
11:25 pm
Rick O'Shea
I thought I saw
Moochelle back in the crowd.
December 23, 2011 at
8:35 pm | Reply | Report comment
Midge Martin
“Good people do not need
laws to tell them to act responsibly, while bad people will find a way around
the laws.”
- Plato
December 23, 2011 at
8:41 pm | Reply | Report comment
I P Standing
rituals of primitive
cultures
December 23, 2011 at
8:42 pm | Reply | Report comment
Bahb
Tell me, please, what in
the hell is a “gift tree”? Christmas is 2 days away. Call it what it is – a
CHRISTMAS TREE! And for those who think that we should be saying “Happy
Holidays” instead of “Merry Christmas”, ‘holiday’ is just a shortened version
of “holy day”. Stick that in your pipe and smoke it!
December 23, 2011 at
8:43 pm | Reply | Report comment
rachel
AMEN!
December 23, 2011 at
9:26 pm | Reply | Report comment
Clearhead
You told it like it is
Bahbbi boy. We’re proud, proud, proud of you !! Furthermore — PRAISE GOD FROM
WHOM ALL BLESSINGS FLOW !!!
December 23, 2011 at
9:52 pm | Reply | Report comment
Tyrone
We be celebrates da
Kwanza, not da white man holidays.
December 23, 2011 at
10:11 pm | Reply | Report comment
bullrider
I thought that for
Kwanzaa the gifts were more along the lines of candles, baskets, nuts, fruit,
and crafts – not overpriced, UGLY shoes.
December 24, 2011 at
12:43 am
Hal McCombs
So a Kwanza tree is made
of Air
December 24, 2011 at
5:58 am
YepYep
This is really sad. We
should pass a law that black people are not allowed in stores during normal
business hours for the sake of safety. What a bunch of animals..
December 23, 2011 at
8:45 pm | Reply | Report comment
Sisao Tresed
Don’t forget these same
people have special Christmas Shopping coats for that extra discount.
December 23, 2011 at
10:22 pm | Reply | Report comment
I was taught as a youth
to respect all people regardless of their color. I try to understand why these
b-la-c-k-s act so hostile and seem to be easily provoked. Am I missing
something?
December 23, 2011 at
8:48 pm | Reply | Report comment
lvh
No not you..Not me. I
feel as you do.
This is BIG GOV at work.
December 23, 2011 at
9:11 pm | Reply | Report comment
Dave
Yep.
December 23, 2011 at
9:29 pm | Reply | Report comment
Marilyn
It has nothing to do
with the color of their skin. This is what liberalism has done to the urban
areas. They tell a group of people that they are not capable of providing for
their families and that everyone else owes them, and they promise that the
government will take care of them. Thus the people barely get by, have too much
idle time on their hands, they are unhappy, want the same things as most
families but they are dependent on the government, and they have been told
their WHOLE LIFE that they are not capable of anything more, and the cycle
continues. What liberalism has done to human beings breaks my heart.
December 23, 2011 at
9:58 pm | Reply | Report comment
SAJ
Marilyn,
You have provided an excellent succinct explaination for this type of behavior.
However, you have left out the fact that people’s sinful desires push them
toward these actions. Because the people of whom we speak have too frequently
not faced the consequences of their actions. they are often all too willing to
act in very unlawful ways.
December 23, 2011 at
10:34 pm
bullrider
Liberalism and the
Democrats have destroyed the black family structure and turned them into a
taxpayer-subsidized crop of Dem voters. In 1940 – back before all the civil
rights and welfare stuff began – 80% of black children were born into married,
two parent families. What is that figure nowadays? 10% maybe? It is sure a
small fraction of what it used to be.
December 24, 2011 at
12:45 am
Jessie
This is a black leader
NOT Jackson , Sharpton and othe rcriminals. The black community needs to get a
grip on the hip hop culture of thugs and do it fast .
Democrat entitlement programs have ruined the black community over the last 3
decades . This is what you wind up with
Spot on reply. Liberal policies have ruined the black community over 3 decades.
December 24, 2011 at
1:08 am
Eric
http://stuffblackpeopledontlike.blogspot.com/2011/12/not-exactly-christmas-shoes-black.html
This doesn’t happen with
white people at Apple stores trying to buy the latest iPod.
December 23, 2011 at
8:49 pm | Reply | Report comment
Major Bananorama
To reduce widespread
chimpage, store management should have had a large stock of shiney washers,
baubles and mango’s to throw out into the pack to keep them amused.
December 23, 2011 at
8:49 pm | Reply | Report comment
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Derrick
I’m black.
I am absolutely disgraced by this.
No wonder white people think we are animals.
December 23, 2011 at
8:55 pm | Reply | Report comment
rachel
Black people are their
own worst enemy.
December 23, 2011 at
9:30 pm | Reply | Report comment
kari ju
Derrick we just need to
do a lot of work on people’s hearts. we have let cheap politics fill the void
where moral teaching should be. We have left all our poorest to the mercies of
government and amoral “leaders.” bad move, that.
December 23, 2011 at
9:40 pm | Reply | Report comment
Clearhead
White people don’t think
you’re animals, Derrick. All colors of people act like animals sometimes. The
ones that ACT like animals are the ones all people should think of as animals.
(Apologies to most animals).
December 23, 2011 at
9:57 pm | Reply | Report comment
Darrel
I think 60-70 percent of
blacks ARE violent nasty rabid animals. 30-40 percent are human beings and
decent. Facts are facts.
December 23, 2011 at
10:13 pm
tward
Derrick: Whites and
Blacks have Jesus in common. If both would live up to His standard of loving
our neighbors there would be no fights, thefts and no hate. Merry Christmas
from a Southern Hillbilly White Boy.
December 23, 2011 at
10:00 pm | Reply | Report comment
rusty the right
wing nut
cause u are
December 23, 2011 at
10:39 pm | Reply | Report comment
Jack
Were these the “greedy”
1%? No? I guess “greed” isn’t just a rich thing.
December 23, 2011 at
8:56 pm | Reply | Report comment
NightRider
What do you expect from
sub-human animals? The Negroid race has always been and will always be ‘a joke’
and a waste. As a group they cause nothing but continued problems…it has always
been this way (read their history) and they always will.
December 23, 2011 at
8:57 pm | Reply | Report comment
Marilyn
You are a ‘joke’ and a
waste of time.
December 23, 2011 at
10:00 pm | Reply | Report comment
JimRocky
Actually he is right
Marilyn. You just have eyes that refuse to see.
December 24, 2011 at
12:17 am
nwpurpletoo
Tell me again why there
are more blacks in prison than whites. I’m just sayin’.
December 23, 2011 at
8:59 pm | Reply | Report comment
Jim H
That’s easy. Blacks are
hostile and easily provoked because they feel entitled. Generation after
generation teach their kids how to manipulate the system and they are experts
at it. Most of them think that society owes them something and that it should
provide for them.
Come to think of it if I
was black with an IQ like some of those in these videos – I’d be hostile too.
December 23, 2011 at
9:03 pm | Reply | Report comment
BigBoa
Just another chimp-out.
Check out chimpoutdotcom
and see if this clip made the cut!
Savage animals……
December 23, 2011 at
9:05 pm | Reply | Report comment
B Guyton
I thought they were
running to vote for Obama.
December 23, 2011 at
9:06 pm | Reply | Report comment
Dave
Wait til you see what happens
when he loses.
December 23, 2011 at
9:31 pm | Reply | Report comment
enguard
the cream of the black
culture on glaring display….we’re already paying reparations considering this
level of depravity embedded in our society.
The parents (and there are some among the mob) must be proud.
chimping out as an
Olympic sport?…oh wait…basketball
December 23, 2011 at
9:09 pm | Reply | Report comment
Jamex Anderson
I just saw Rise of From
The planet of the Apes.
December 23, 2011 at
9:09 pm | Reply | Report comment
B. Guyton
O.K.people this will
tell you everything you want to know about this incident.
THIS IS THE REAL STORY,
NOT WHITEY”S MADE UP STUFF.
http://therealrevo.com/blog/?p=57506
December 23, 2011 at
9:11 pm | Reply | Report comment
Collector
At what point in society
do we finally stop and admit that a certain race of people are different from
all other races. A certain race of people are more violent and mean than
others. When do we start seperating this group from others for protection of
society in general. When a certain race costs everybody more because of their
out of control lawlessness, should we make them pay instead of penalizing
everybody for the actions of a few. Frankly, I’m tired of my taxes being higher
to pay for more police, more prisons, more courts and additional defense
attorneys because 12% of the population commits 70% of the crime. Food and
clothing costs are higher because of theft, insurance is higher because of
carelessness, stealing, vandalizism, drug use and virtually every other
commodity and activity is more expensive because one race fails to raise their
kids and fails to teach their children to follow and respect the law. It’s
unfortunate and sad because there are a few members of this race who do what’s
right but they are overshadowed by a large majority who act completely
uncivilized. We’ve been allowing this to go on long enough. Something must be
done and that doesn’t mean more free handouts or reparations. It’s time they
started paying for what they take, use, destroy and what they cost the World.
December 23, 2011 at
9:11 pm | Reply | Report comment
Mustafa
If the Jordan’s fit,,,,,
When these idiots act like a bunch of thugs, it perpetuates the caricature of
the black population. Compare New Orleans after Katrina vs Japan after the
tsunami’s. Classless vs Class. It be what it be.
December 23, 2011 at
9:48 pm | Reply | Report comment
Bob3
CCW is a good place to
start, they lack empathy and impulse control, pain and misery is all the
understand be prepared to deliver it.
December 23, 2011 at
10:12 pm | Reply | Report comment
rusty the right
wing nut
dont worry everyone
knows it even blacks know we all know it even diggers know it there is a race
war coming i dont think its right but its just the ways it is wP
December 23, 2011 at
10:43 pm | Reply | Report comment
John Frost
Darwin:” Blacks are not
Human but wild african animals……predator animals”
We are dealing with savage beasts….unleashed. Race war is coming I feel it!
December 23, 2011 at
11:27 pm | Reply | Report comment
rusty the right
wing nut
i love sickle cell lol
December 23, 2011 at
11:36 pm
rusty the right
wing nut
White Power White Power
December 23, 2011 at
11:50 pm
Steve
What a bunch of
disgusting savages…enough said.
December 23, 2011 at
9:14 pm | Reply | Report comment
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rachel
Why am I not surprised?
What a disgusting bunch of useless thugs. I’m ashamed to call these people countrymen.
I call them boils on the backside of
December 23, 2011 at
9:25 pm | Reply | Report comment
One-Who-Will-Listen
People of any race are
greedy, selfish, and prideful. Why this happens in
December 23, 2011 at
9:26 pm | Reply | Report comment
kari ju
testify. no way this is
a unique black thing.
December 23, 2011 at
9:32 pm | Reply | Report comment
Black Thing
testify. this is a
unique black thing.
December 23, 2011 at
10:17 pm
ton
Sorry, it is.
December 23, 2011 at
10:23 pm
Big Papi
Now imagine if there was
a huge catastrophe that hit a very widespread area and food and electricity,
gas and cash could not be had. You would have this scene times a thousand.
Apparently this group of society would cause continued chaos while others tried
to manage. Best advice? Have your own food stored, cash on hand, and not only
posses firearms but be proficient in their use. It will be a life and death
situation that this group of society will only make worse. If you arent scared,
you arent living in reality. Get over the “hater” taunts and racist shouts—if
they’d do this over fashion sneakers imagine what they’d do to you in a true
crisis. The Police cant protect us anymore. Be Prepared but also be armed,
irregardless of your political and 2nd amendment views. You will not survive
believing that good intentions will save us all.
December 23, 2011 at
9:34 pm | Reply | Report comment
rusty the right
wing nut
well said arm the Fu”#$
UP dese nig have gone nuts
December 23, 2011 at
10:55 pm | Reply | Report comment
Jon Baker
Okay, I’m just going to
say it, I’ve never been p.c. anyway. What is it about Negroes and sports shoes?
I mean really, somebody should study this. Stereotypes come from truth, the
problem though is when you say all. Now I know all blacks aren’t like this ,
obviously any intelligent person knows that but too many are. And I bet the
deficit that if you called any of them on it that were involved in this they
would call you a racists, and blacks bold enough to speak out self haters. As
nasty and far gone as Chicago already is they better be on their knees grateful
for Richard M. Daley and Rahm Emanuel on duty now who chose to follow the New
York model Because It sure was heading towards being another Detroit. Get out
now while you still can.
December 23, 2011 at
9:35 pm | Reply | Report comment
kari ju
cmon guys – the racist
stuff is degrading all of us and it is offensive to Mayor Nutter and the good
people in that church, none of whom deserve to see that kind of thing in print.
They are on our side and they deserve our respect. The riot over shoes is just
what you’d expect anywhere that a leftist government panders to a dependent
class, telling them they’re entitled. Remember the London riots a few months
ago? This kind of thing happens the world over and it is not a black thing per
se
December 23, 2011 at
9:36 pm | Reply | Report comment
B. Guyton
Watch the video above
that provides a black man’s prospective. It may help you understand why this is
happening.
December 23, 2011 at
9:41 pm | Reply | Report comment
b. Guyton
Here is the video. It
may help explain the problem from a black man’s prospective. Racist……………maybe?
http://therealrevo.com/blog/?p=57506
December 23, 2011 at
9:47 pm | Reply | Report comment
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Jason, NYC
Animals, all of them,
animals…
December 23, 2011 at
9:58 pm | Reply | Report comment
BubbaT
No, not all. But that’s
what the Government would like us to believe.
December 23, 2011 at
11:36 pm | Reply | Report comment
Obamanation
I’m suprised they didn’t
just steal the shoes. Redistribute the wealth to the lame and lazy parasites of
society. Leaches and slugs in $180 shoes.
December 23, 2011 at
10:08 pm | Reply | Report comment
Marilyn
Most of these comments
are really horrible. This has NOTHING to do with the race of the people
involved. This is what happens with 50 years of liberalism. This is exactly
what the democrat party wanted. A segment of society that will ALWAYS vote for
them. They have taken a group of people and for generations have told them that
the rest of society owes them. They have told this group of people that they
are NOT capable of taking care of themselves or their families. They have been
pushed through school while learning NOTHING except what party to vote for.
When a crime is committed they are often not made to pay for the crime but are
given exuses for the crime. What did you democrat voters think would happen?
That your stupid policies would work, even though you look back and see 50
years of failure.
December 23, 2011 at
10:10 pm | Reply | Report comment
B. Guyton
From the cotton and rice
plantations to the Democrat plantation!!
December 23, 2011 at
10:16 pm | Reply | Report comment
Rita Ippolito
I’m a conservative, not
a racist. too many racists here for me but this comment from Guyton … hit the
mark…
Blacks will continue to
be Democrats no matter what as long as the Democrats promise entitlements and
as long as the nuclear Black family is in shambles.
December 23, 2011 at
11:18 pm
New York Nick
You got that right
brah……. the dem plantation of fools , where be my handouts!!
December 23, 2011 at
11:21 pm
Joe G
Nothing to do with the
race of the people involved? EVERY majority black city in the world is a crime
and disease ridden slum. The only logical conclusion is that race is a factor.
December 24, 2011 at
12:30 am | Reply | Report comment
Mike in Grasonville
Just another example of
blacks being a blight on society. Far too many of them live off the backs of
others, see Section 8 housing, welfare, food stamps, etc. No other group, or
should I say ethnic group behaves like this. Check any school systems
acheivement scores asnd you will see that blascks are dead last. So, does this
surprise anyone? Send them back to Africa, if they’ll have them.
December 23, 2011 at
10:11 pm | Reply | Report comment
jewbag
blacks.
December 23, 2011 at
10:15 pm | Reply | Report comment
Hollywood Hick
When members of the
black community see these stories, what are they thinking? Is there any wonder
the black community is such a mess? They are the most pandered-to ethnic group
on the planet and they are a hopeless disaster.
December 23, 2011 at
10:16 pm | Reply | Report comment
B. Guyton
Hay!! You need nice
shoes to walk around the Democrat plantation.
December 23, 2011 at
10:22 pm | Reply | Report comment
Bob13
Oh and don’t forget the
chocolate Jesus wants to make these upstanding citizens your neighbors via sec8
housing and the best part is he’s gonna use your “white” taxpayer dollars to do
it.
Imagine the joy of
waking up one sunny morning to find a house full of these hood rats living next
door to you in your soon to be formally pristine neighborhood, and of course
and again the best part is that you get to pay for it and the schools that
their animalistic spawn will soon ruin, ain’t life grand?
It’s time for weak
feeble minded white people to grow a pair and stop this garbage, if someone calls
me a racist I laugh, that tired old worn out phrase means nothing, these
animals need to clean up their own mess or to their extreme displeasure others
will do it for them.
December 23, 2011 at
10:27 pm | Reply | Report comment
RicardoCabeza
The
December 23, 2011 at
10:29 pm | Reply | Report comment
Larry Sinclair
Dang 1%’ers … cause we
know those 99% are so broke they can’t even afford food for the kids and surly
don’t have $180.00 laying around .. unless you sell your EBT food for cash …..
December 23, 2011 at
10:34 pm | Reply | Report comment
Steve
If anyone is curious
what a product of Socialism looks like, this is it. The Democrat Party presents
us with the great society!!
December 23, 2011 at
10:37 pm | Reply | Report comment
Obamas Stash
Black on Black crime ..
what’s new? Democrats started Jim Crow Laws,,, Democrats started the KKK,
Democrats took away blacks civil rights in 1875 but they cannot figure out why
after voting Democrrat 50 yrs they are still as bad off as they were ….
December 23, 2011 at
10:38 pm | Reply | Report comment
ramon
You are 100% right on
target.
It amazes me how Blacks
vote 85 to 95% Dumbocrat every Presidential election. No matter if it’s Obama,
Kerry or any other Dumbocrat!
December 24, 2011 at
3:17 am | Reply | Report comment
Sisao Tresed
This whole mentality was
spawned by big government, but every intelligent man must think for himself and
act as his own man or woman. Long after this event has passed, the bitter taste
of welfare, drugs, booze and abortion on demand, and school systems that affirm
lawlessness and immorality in the schools will be alive and well in the black
community. An illiterate ebonics-speaking woman named “something-esha” is not
gonna be at the top of the resume’ pile. Sadly, so many good black folks get
painted with this brush, and it’s unfair. “Feral” blacks understand what they
are doing wrong, but they don’t care. They have become uncivilized. Politicians
like them because they 1) vote as a single block, 2) are easy to fool, 3) they
don’t learn fast, 4)they just want “more stuff” which politicians love to throw
at them in speeches, and bellicose repartee; but no action. But again…see #2.
December 23, 2011 at
10:42 pm | Reply | Report comment
Bill Brennan
if the shoe fits…
December 23, 2011 at
10:43 pm | Reply | Report comment
Joe
Now that’s a funny line.
December 24, 2011 at
2:20 am | Reply | Report comment
I guess ignorance
is a virtue
People are getting hurt
or injured bad because of a pair of stinkin air jordan shoes, ill be damned if
i will buy a pair of these shoes that are prob made in China, Yes i said
China!! What a bunch of a ..holes …. Ok they have bought the shoes , 6 or 7
months later they will be in the trash , how ignorant and stupid can ppl be ?
December 23, 2011 at
10:47 pm | Reply | Report comment
NowSwimBack
The Civil Rights Act was
a great idea, wasn’t it? If they’re not in your neighborhood, they will be
soon. Enjoy ‘em.
December 23, 2011 at
10:50 pm | Reply | Report comment
REAL STUPIDITY
REALLY? 180.00 FOR
STINKIN SHOES
December 23, 2011 at
10:51 pm | Reply | Report comment
brutesforce
Baby needs a new pair of
shoes.
December 23, 2011 at
10:52 pm | Reply | Report comment
rusty the right
wing nut
PS F&CK U DEtroit
and your pos Lions cause they suck too!!!!!
WE need to bulldoze that
big a$$ ghetto down look Like a Fu%% bomb went off in that citty
December 23, 2011 at
10:57 pm | Reply | Report comment
Uncle Remus
Dang freakin’ kneegroes
(sic)…… they wouldn’t fight this hard for the last job on earth …unless it was
a bank job/heist…
December 23, 2011 at
11:18 pm | Reply | Report comment
Kim Bailey
“Wild savages must be
caged and returned to Africa” Said a Mall security guard
December 23, 2011 at
11:23 pm | Reply | Report comment
Richard Jones
Those “shoppers” all
look like obamas. Down here in Texas we don’t let obamas get away with that
kind of behavior.
December 23, 2011 at
11:46 pm | Reply | Report comment
james
We need to bring back
segregation. Blacks are not fit to live in a civilized society. It was obvious
then, and it’s obvious now.
December 23, 2011 at
11:52 pm | Reply | Report comment
retired
they just happen to be
99.9% black…. just a frkkin coincidence…
December 23, 2011 at
11:55 pm | Reply | Report comment
Jim Burke
Wow………..
When I first saw the
film footage I was away from the monitor and couldn’t hear the audio. I thought
it was footage of people scrambling for an airplane food drop in Biafra.
December 24, 2011 at
12:08 am | Reply | Report comment
Jim Burke
Next year require a pay
stub for purchase rights.
December 24, 2011 at
12:09 am | Reply | Report comment
ryan
Aren’t these people the
99%?
December 24, 2011 at
12:10 am | Reply | Report comment
Joe G
All blacks in North
America need to be either shot or deported. Like Baboons, blacks can’t help
acting the way they do. They’re born that way. I just don’t want them roaming
the streets in North America. Blacks have made every city in which they are the
majority unlivable for white families. White people would be much better off
without them.
December 24, 2011 at
12:12 am | Reply | Report comment
William Baranowski
‘gro footsies.
December 24, 2011 at
12:13 am | Reply | Report comment
Joe
These are the same
people that will do everything in their power to keep their leader in power.
Are these the first of obozos brown shirts?
TAKE BACK AMERICA 2012
December 24, 2011 at
12:20 am | Reply | Report comment
Liberal_Stupidity
When you got a radical
leader that is the most negative prez America has experienced it just give
permission for eveyone like hime to behave in the exact same way. I hope
America is watching and uses thier vote next year to cut the head off the snake
in DC
December 24, 2011 at
12:21 am | Reply | Report comment
Joe Blow
Forget about color.
These are democrats!
December 24, 2011 at
12:34 am | Reply | Report comment
Cigars Andscotch
Exactly what I had
expected. The crimes were committed by a bunch of white soccer moms…….oh, wait
a minute
December 24, 2011 at
12:52 am | Reply | Report comment
Jerry Frey
PHILADELPHIA — Mayor
Michael A. Nutter, telling marauding black youths “you have damaged your own
race,” imposed a tougher curfew Monday in response to the latest “flash mob” —
spontaneous groups of teens who attack people at random on the streets of the
city’s tourist and fashionable shopping districts.
“Take those God-darn
hoodies down, especially in the summer,” Mr. Nutter, the city’s third black
mayor, said in an angry lecture aimed at black teens. “Pull your pants up and
buy a belt ‘cause no one wants to see your underwear or the crack of your
butt.”
“If you walk into
somebody’s office with your hair uncombed and a pick in the back, and your
shoes untied, and your pants half down, tattoos up and down your arms and on
your neck, and you wonder why somebody won’t hire you? They don’t hire you
‘cause you look like you’re crazy,” the mayor said. “You have damaged your own
race.”
http://napoleonlive.info/did-you-know/violence-2/
December 24, 2011 at
12:54 am | Reply | Report comment
White people are
really "Pink"
Funny how we have all
forgotten the fights and brawls that folks with “Pink” skin had over Tickle Me
Elmo dolls and few years back at Christmas time. Funny, I don’t recall any
Black folks calling them fighting “Pink” skinners names such as “animals”. Is
name calling and hate mongering inbred into the “Pink” race???
December 24, 2011 at
1:00 am | Reply | Report comment
Annie
“Pink” people, mostly
women tend to pull out each others hairs over bridal discounts like at Filenes
annual bridal sale. “Pink” men and soccer moms tend to scream, name call and
sometimes just lose it- and society comes down on them hard. Black thugs take
out switch blades, stab, shoot and kill others over a $100 pair of sneakers. Even
African honey bees have a propensity toward deadly swarming. Face it and act
(or DONT act) accordingly.
December 24, 2011 at
1:31 am | Reply | Report comment
RicardoCabeza
The negro continually
and always acts in an ignorant manner it is the curse of the colored race the
joyful embrace willful ignorance.
December 24, 2011 at 4:34
am | Reply | Report comment
jon
I checked the facts,
their were no shootings, breaking into the stores or fighting with police over
tickle me Elmo dolls. There also are no people with pink skin.
December 24, 2011 at
5:19 am | Reply | Report comment
Todd P.
And EVERY SINGLE ONE of
these simpletons VOTED FOR OBAMA!! (if they voted at all) Time to set a time
limit (# of years) on welfare benefits. If you can’t make it by then, it’s time
to beg for charity from a relative, friend, or church………
December 24, 2011 at
1:34 am | Reply | Report comment
Chaco
The Japanese go through
a Sunami and near nuclear meltdown with less turmoil than these dopes fighting
over some stupid ghetto fashion statement.
December 24, 2011 at
1:46 am | Reply | Report comment
sonic
Bet most there were on
welfare and WE paid for those ugly sneakers. Ignorant slobs
December 24, 2011 at
1:52 am | Reply | Report comment
Billy Bob
Those shoes would look
good on a 250 pound rapper.
December 24, 2011 at
1:59 am | Reply | Report comment
Pingback: Shoeblogging |
NavyOne
A Navy guy’s take: http://themellowjihadi.com/2011/12/24/shoeblogging/
December 24, 2011 at
2:16 am | Reply | Report comment
David Rutstein
Terrible, how we have to
end Obama’s term and end this free lunch. http://www.beyondquotes.com/marijuana.
You can see the result of illegal drugs and welfare.
December 24, 2011 at
2:22 am | Reply | Report comment
Lord, save us from
people who pepetuate negative stereotypes. Tsk, just too bad people cannot get
out of their own way and want to blame others for their poor outcomes in life.
December 24, 2011 at
2:23 am | Reply | Report comment
jon
The people that
perpetuate negative stereotypes are blacks themselves. Go to Drudge Report and
see that blacks have rioted over these shoes in every major city where this
sale has been offered. How many example of the same behavior does it take for
you to wake up and smell the java beans?
December 24, 2011 at
5:16 am | Reply | Report comment
Panz
What happened to the
Civil Rights leaders and participants? If you look back at photos of those
people, their heads were always held high, they knew there was a better
Then along came the
liberal programs, blacks were given handouts and special treatment and this is
the outcome. A bunch of animals fighting over ugly shoes. Shoes! sneakers! They
aren’t even decent shoes, just sneakers–you’ll wear them untied so they flop
around on your feet.
You can’t speak English,
merely ghetto slur. You can’t pull up or zip up your pants, you can’t tie your
shoes–you’re just not smart enough. And yes, your trashy president encourages
this behavior. You’re much easier to manage when you’re just a bunch of animals
to be poked and prodded as necessary.
There are African
Americans in this country and then there is you. Wake up and look at yourself.
All that for a pair of sneakers?? Really stupid.
December 24, 2011 at
2:39 am | Reply | Report comment
Toxic Avenger
It looks like a negro
sneaker frenzy.
December 24, 2011 at
2:46 am | Reply | Report comment
Ramon
Well, Well … Obama
supporters at their finest! (lol)
December 24, 2011 at
3:07 am | Reply | Report comment
justified
A thinking person asks
themselves, “What are you going to DO about it?” Are you going to support the
Democratic borne Welfare culture, that led directly to this mess, or are you
voting against their candidates by electing viable candidates i.e. GOP
candidates.
Not Independents, as on
a State or Federal level a vote THIS TIME for an Independent is a vote for the
End of America as we know it. The debt piling up will kill us or the Taxes
will.
ATTENTION: Blue Dog
Democrats, the DNC/Obama has stated ‘YOU are NOT in our Future plans.’
December 24, 2011 at
4:24 am | Reply | Report comment
John McCombs
Michael Jordan and Nike
should be held accountible for this atrocity. If gun manufacturers are at fault
for gun crimes, then Michael Jordan and Nike should be made to suffer for this
chimpout. On a serious note, however, wouldn’t a statement from Michael Jordan
go a long, long way toward reducing the violence. If he simply said, “Really
folks, are you serious? You’re going to hurt each other over a pair of
overpriced basketball shoes?” But no, MJ doesn’t have it in him because as long
as there is an extra nickel to be drained from his peeps, he’s perfectly OK
with the violence. Well done, Mike. Well done.
December 24, 2011 at
4:29 am | Reply | Report comment
A.K.
NEGRO’S ARE ENORMOUSLY
STUPIDLY VIOLENT…IT’S A BRAIN SIZE THING!
December 24, 2011 at
4:48 am | Reply | Report comment
jon
If you went to Drudge
you would see the ugly side of blacks is nation wide and not just a local
thing. What a shameful culture they have created amongst themselves
December 24, 2011 at
5:13 am | Reply | Report comment
Lordrobot
Illegitimate Baby needs
a new pair of shoes….
December 24, 2011 at
5:16 am | Reply | Report comment
Artic Slayer
lol nuttin like obama
people tryin to save the food
stamps fo sumpin like this mo impotant huh…
Oh Sorry was I a little racist….
naaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa
Just the
facts…
Doubt me? Just correct
me and I will call you RACIST! lol
You
LOOSERSSSSSSSSSSSSSSSS.
I didn’t vote for obama
last time but this time I am
going to vote for him…. I think he is the best thing
for America in recent history… WONDERFUL! 4 more years
and this country will be purged of a corrupt congress and
senate because the people are going to purge every
politician out by civil war…. There will be unrest like
never seen in America. Because now Americans believe that
good is bad and bad is good. Once this country goes even
further to hell in a hand basket there will be a
purging… When Americans can’t say “Merry Christmas”
because good is bad and once they can’t store more than
seven days worth of food because good is bad and once
they can’t own a gun because good is bad….. There will
be a purging of the bad by the good! So lets pull
together and re-elect this person…. OBAMA2012!
December 24, 2011 at
5:43 am | Reply | Report comment
John Scott
lol nuttin like obama
people tryin to save the food
stamps fo sumpin like this mo impotant huh…
Oh Sorry was I a little racist….
naaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa
Just the
facts…
Doubt me? Just correct
me and I will call you RACIST! lol
You
LOOSERSSSSSSSSSSSSSSSS.
I didn’t vote for obama
last time but this time I am
going to vote for him…. I think he is the best thing
for
and this country will be purged of a corrupt congress and
senate because the people are going to purge every
politician out by civil war…. There will be unrest like
never seen in
good is bad and bad is good. Once this country goes even
further to hell in a hand basket there will be a
purging… When Americans can’t say “Merry Christmas”
because good is bad and once they can’t store more than
seven days worth of food because good is bad and once
they can’t own a gun because good is bad….. There will
be a purging of the bad by the good! So lets pull
together and re-elect this person…. OBAMA2012!
December 24, 2011 at
5:49 am | Reply | Report comment
Steven Travis
What’s the one common
denominator in all this????
December 24, 2011 at
5:59 am | Reply | Report comment
Vince
The big question is why
isn’t OBAMA speaking out on this issue??? He manages to find time to speak out
if a white police officer is ACCUSED of racism when he restrains a black
“professor” from breaking into his house. Remember that? Without knowing the
facts he JUMPS and gives a speech. But incidents like these teenage hoodlums
who rob, beat up, and steal every day he says NOT A WORD about. This is
Obamanation. I hope those of you who voted for him are happy now.
December 24, 2011 at
6:06 am | Reply | Report comment
Cisco
Gorillas In The Mist!
December 24, 2011 at
6:25 am | Reply | Report comment
feduptoo
Not so, they take care
of their young!
December 24, 2011 at
8:56 am | Reply | Report comment
McGruff
I immediately wondered
if my suspicion would be correct … and it was.
December 24, 2011 at
7:21 am | Reply | Report comment
gwbnyc
“under a gift tree”
A GIFT TREE?
Cowards.
December 24, 2011 at
7:46 am | Reply | Report comment
Gustafus21
These are farm animals —
who were given human rights — and they behave as farm animals.
Look what Venus Williams
has done to tennis? – She threatens to ‘rearrange the face” of a line judge?
They should have been
exterminated. Or forced breeding with whites could have produced something more
benign like O and family…. but ONLY white genes can influence these vermin
December 24, 2011 at
7:47 am | Reply | Report comment
Barry bin Inhalin
I saw the headline and
didn’t even wonder.
December 24, 2011 at
7:55 am | Reply | Report comment
Patrick Nugent
EVERYBODY SING: “We
won’t go until we get some, we won’t go until we get some, we won’t go until we
get some, so bring it right here!”
December 24, 2011 at
7:59 am | Reply | Report comment
ShoeShine
What’s with these people
and shoes???
December 24, 2011 at
8:16 am | Reply | Report comment
Greg
I didn.t see any white
people ni the crowd? Only Blacks ??? What a violent group of people, they need
to get civilized.
December 24, 2011 at
8:33 am | Reply | Report comment
Mike_in_Kyiv
Pure silliness! No gift
is worth this! I remember the Cabbage Patch moms who were fighting to get one
of those ugly little dolls a few years back. Now it’s a pair of shoes that are
not – REPEST – NOT worth all that money and you all make fools of yourselves.
Shame on you on our Lord’s birthday.
December 24, 2011 at
8:44 am | Reply | Report comment
Grape Ape
Rev Al Sharpton’s take
on this news: “Da reason fo all deez people running amuck and fightin’ and
actin’ unruly is because da white man and society, namely Republicans in da
Congress, are gettin’ in the way of President Obama’s plan to hand out more free
monies into the minority community. It’s also the blame of rich White
communities across America who aren’t willing to spread more of their wealth
and make sure it goes into da hands of inner cities and African-American
communities. Think about it…if these fine, upstanding customers had more monies
at their disposal, they could have paid some illegal aliens to stand in line
for them to buy these items which they desperately need and wouldn’t have to
get into fights in da first place.”
Rev. Jesse Jackson’s
take on this news: “The EVIL corporations run by WHITE men are to blame for
this terrible atrocity!! Therefore, with all my graciousness and good-will, I
am planning to sue Nike shoes (for not supplying enough sneakers), Michael
Jordan’s white lawyer (because I can’t sue a good brother like MJ!), the WHITE
mall security who employed brutal tactics against these innocent customers, and
last but not least… my Rainbow Coalition will make sure these businesses are
not only selling enough items to African-American shoppers but will also ensure
that they are hiring enough minorities in their stories. And I will say this,
if our investigation turns up that they aren’t, we will take them over and my
son Jesse Jr and I will make sure that they are run fairly. Plain and simple.
It’s time to put an end to this WHITE tyranny in
December 24, 2011 at
8:48 am | Reply | Report comment
Death of
Black people are
uncivilized savages. They are the only race that needs to be coddled and
treated like little babies. It’s not a “white vs. black” thing – NO other race likes
blacks. Disgusting beasts who belong in the freaking jungle, period. Thank you
LBJ and all you other POS democrats.
December 24, 2011 at
8:44 am | Reply | Report comment
Albert
L. Peia
Yes...it's
absolutely, unequivocally true that blacks are inherently uncivilized and in
evolutionary terms, only evolved to a point ( http://albertpeia.com/anthroindex1.htm
). They are themselves racist, intolerant, hypocritical [ UPDATE:
MORE CLAIMS OF RACE BIAS AT HOLDER JUSTICE DEPARTMENT... (WP) ‘ignore cases that involve black
defendants and white victims ' ], and prone to violence as with any
feral animal. Moreover, I must admit that I find their simian look repulsive;
and, even before totally realizing the foregoing reality owing to
self-destructive egalitarian propaganda, never did and never would know a black
female in the biblical sense (despite their ‘intrusively easy availability’ -
not a matter of skin color inasmuch as I have ‘known biblically’ red-Indian,
brown-Hispanic, yellow-Oriental women). Wobama the b for b***s*** is a typical,
jive-talking 'n-word' and consequently an abject failure as president. I was
fortunate to have no blacks whatsoever in my schools (schooling) through high
school.
http://www.albertpeia.com/todayspage.htm
MELEE AT MALL OF AMERICA...
Man beaten by robbers -- who stole new Air Jordan
sneakers off his feet!...
Hundreds of Teens Run Wild After Rumors That Rappers
'Lil Wayne, Drake Are There...
VIDEO:
Mayhem, Screams...
California soldier shot at his homecoming party [ From one war
zone to another! ]
Islamists kill dozens in Nigeria Christmas bombs [ Blacks’
black Christmas! Typical! ]
For
‘self-defeating / self-destructive’ ‘political correctness’ or otherwise, I
believe the under-profiled black serial killer is also the consequence of their
proclivity for and love of killing, random, for no reason other than for the
sake of killing (which distinguishes them from and positions them below other
feral beasts) and otherwise, and an historic predisposition toward canabalism.
After all, the contra-indicated mainstream view (tv and otherwise) calls for a
white perp in terms of ‘profile’ which is of course, ridiculous. I believe the
under-reporting is owing to multiple killings by blacks being classified as
something other than ‘serial’; ie., gang, gang related, ‘typical’, etc..
Moreover, the anti-white bias of the black perps is also a reality that’s
under-reported. Take a look at the following brutally uncivilized black on
white violent rapes/murders:
http://www.albertpeia.com/whitesvictimizedbyblacks.htm
The following’s just
Black Serial/Mass/Spree
Killer List:
1. Matthew
Emanuel Macon (Murdered and Raped 5 White Women in
2. Jimmie
Reed (Murdered his wife and his 2 month old daughter and set them on fire)
3. Shelly
Brooks (Murdered 7 prostitutes in
4. Justin Blackshere
(Stabbed two white cooks at Cheli’s Chili downtown
5. Jervon
Miguel Coleman (Murdered three people.)
6. Donell
Ramon Johnson (Murdered a mother and a daughter)
7. Brian
Ranard Davis (6 women known murdered by nigger)
8. Paul Durousseau
(Seven women)
9. Mark Goudeau “The
Baseline Killer” (Eight women and a man in 2005-2006)
10. Coral Eugene Watts
(11 women in
11. Anthony
McKnight (Five girls and young women)
12. Derrick Todd Lee
(8 Women)
13. Charles
Lendelle Carter (4 known murders; admits to ‘hunting’ Atlantans for 15
years!)
14. The Zebra Killings
(71 White people)
15. Chester Turner (L.A.s
most prolific killer 12 women killed.)
16. Lorenzo
J. Gilyard (
17. Eugene
Victor Britt (
18. Reginald and
Jonathan Carr (The
19. Ray Joseph
Dandridge and his uncle, Ricky Gevon Gray (
20. The
Tinley Park Murderer (Suspect hasn’t been found but has been described as
black – murdered 5 women in a store.)
21. Henry Louis
Wallace (Raped and strangled 5 women to death.)
22. Charles
Johnston (Murdered 3 unarmed white men in hospital)
23. Craig Price
(Brutally murdered 3 women)
24. Harrison
Graham (Brually Murdered 3 women)
25. Charles
Lee “Cookie” Thornton (Murdered 6 Whites at the
26. & 27. Darnell
Hartsfeld & Romeo Pinkerton (Abducted and Murdered 5 from a restaurant)
28 &29. John Allen Muhammad & Lee Boyd Malvo (Sniped 11 people from a car
in DC, 9 died.)
30. George Russell (3 women, WA state)
31. Timothy W. Spencer (5 killed,
32. Elton M. Jackson (12 gay men killed,
33.
34. Mohammed Adam Omar (16 women,
35. Kendall Francois (8 women,
36. Terry A. Blair (8 women,
37. Wayne Williams (33 many of them children!,
38. Vaughn Greenwood (11 killed in LA)
39. Andre Crawford (10 killed in
40. Calvin Jackson (9 killed possibley more in NY)
41. Gregory Klepper (killed 8,
42.
43. Harrison Graham (killed 7+ in
44. Cleophus Prince (6 killed in,
45. Robert Rozier (7 killed in,
46. Maurice Byrd (killed 20 + in
47. Maury Travis (17 and rising,
48. Hulon Mitchell, a.k.a. Yahweh Ben Yahweh (killed 20+ in
49. Lorenzo Fayne (killed 5 children in
50. Paul Durousseau, (killed 6, two of which were pregnant women, Jacksonville,
FL; Georgia.)
51. Eddie Lee Mosley (killed 25 to 30 women, south Florida)
52. Henry Lee Jones (killed 4 in, south Florida; Bartlett, TN)
53. Richard “Babyface” Jameswhite (15 killed in, New York; Georgia.)
54. Donald E. Younge, Jr. (killed 4), East St. Louis, IL; Salt Lake City, UT.
55. Ivan Hill
(killed 6 in Los Angeles area).
56. Michael Vernon (Bronx, NY. Killed at least seven people – )
57. Chester Dewayne Turner (12 women killed in, Los Angeles)
ARREST MADE IN LOS ANGELES GRIM SLEEPER SERIAL KILLER CASE July
07, 2010 http://articles.cnn.com/2010-07-07/justice/grim.sleeper.arrest_1_lonnie-david-franklin-serial-killer-case-family-members?_s=PM:CRIME |By
Mallory Simon, CNN ‘Authorities in California said Wednesday they have arrested
a suspect in the Grim Sleeper serial killer case and will charge him with 10
counts of murder.Lonnie David Franklin Jr., 57, faces an additional count of
attempted murder, Capt. Kevin McClure with the Los Angeles Police Department
said.Franklin will arraigned in court Thursday morning, McClure said.The
California Attorney General's office attributed the arrest to DNA collected
from a relative of the suspect, in a controversial and rarely used practice
known as familial DNA search.’
Of
Course There Are Black Serial Killers by Lynette Holloway on
July 15, 2010 The case of the "Grim
Sleeper" inspires a second look at the popular perception that serial
killing is the province of clever white men.
Serial
Murderers' Row July 16, 2010 The
following black men are among the most prolific serial killers in U.S. history.
http://www.theroot.com/multimedia/gallery-meet-6-black-serial-killers Plus: Behind the myth that only white men commit such crimes.
Black Serial Killers Not So Uncommon http://www.amren.com/news/news04/03/03/blackserial.html
200 Involved In Fights At Mall Of America After Rumors
That Rappers Are There...
Fox News’ Chris Wallace Has an Anti-Ron Paul Agenda Yahoo! Contributor Network | Andrew Sullivan called for Chris Wallace to recuse himself from the Iowa debate. [ Yes, he should recuse himself; and not just because he’s pro-israeli jewish himself; and we all know how the misguided israeli lobby feels about Ron Paul’s American interests first foreign policy leanings and their excluding him from their sponsored debate. ]
Current
Events Summarized In Brilliant Art George Washington 12/16/2011 A picture is worth
a thousand words [ View archived file: http://www.albertpeia.com/currenteventsinart.htm ]
Wayne
Madsen: Holder’s Fast & Furious was Designed to Destablize Mexican
Government Infowars Nightly News | ‘Wayne Madsen has learned from his
contacts within the Beltway intelligence community that Jared Lee Loughner is
an “MK-ULTRA” programmed assassin and that US District Judge John Roll and
Congresswoman Gabriel Giffords were targetted for assassination.The reason for
the decision to target Judge Roll and Congresswoman Giffords has to do with
their knowledge of the malicious and purposeful arming of Mexican drug gangs
along the US-Mexico border by US intelligence agency assets in an effort
designed to destablize the Mexican government.This towards the end of making
Mexico more dependent on US military aid and protection from its private
security contractors.A key quote from Wayne Madsen’s report follows:
“WMR has been told that
in 2009, information about the CIA/Homeland Security/Napolitano smuggling
operation came to the attention of three individuals, two members of Congress
and a federal judge. The three were
Israel
stole weapon-grade uranium from US, report will show Daily Star | Report will show
evidence
DHS Shut Down Blog For A Year On False Pretenses Paul
Joseph Watson | Homeland Security is seizing websites for “copyright
infringement” with no evidence. Paul
Joseph Watson Prison Planet.com December 9, 2011
In a chilling illustration of how far Internet
censorship has advanced, the Department of Homeland Security seized a popular
music blog and shut down the website for over a year on charges it now admits
were completely false.
The website in
question – www.dajaz1.com – was not some
obscure, dubious blog – it was a popular platform for DJ’s that was once
featured on MTV.
“Around Thanksgiving 2010, the Department of Homeland
Security seized more than 70 domains with no trial, accusing them of copyright
infringement,” reports the
Dajaz1.com was caught in the dragnet after DHS
claimed four songs the website were used
without permission, when in fact the musicians and publicists concerned had
sent the tracks directly to Dajaz1 with express authorization.
That didn’t stop Homeland Security from seizing and
shutting down the blog for over a year, violating the law by refusing to tell
its owner why the website was taken and subsequently missing the 90 day
deadline for explaining why the owner should forfeit the property permanently.
“Or at least that’s what the owner assumed when he
heard nothing. Then the court told him that the government got an extension.”
“But the owner couldn’t see the extension because all
the filings in the case were sealed, and was not allowed to testify in court to
ask for his property back, says TechDirt.”
The saga finally came to a close when the owner was
handed back control of the website only yesterday.
The lesson to take from this is that Homeland
Security can now just claim your website contains copyrighted material with no
evidence whatsoever and seize it without any recourse.
“This whole thing has been a disgrace by the US
government, starting with a bogus seizure, improper and illegal censorship,
followed by denial of due process and unnecessary secrecy,” reports
TechDirt.
The
DHS has already seized dozens of websites merely for linking to copyrighted
material, despite the fact that such material isn’t even hosted on the website
itself, a process the Electronic Frontier Foundation has criticized as, “Blunt
instruments that cause unacceptable collateral damage to free speech rights.”
The targeted website, now finally back in the hands
of its rightful owner, has become a poster child for the anti-Internet
censorship movement. The front page of the site urges readers to oppose the
Protect IP Act, legislation that will give the government even more power to
block websites by creating an official blacklist.
As
we reported back in October, the bill that has attracted bi-partisan
support in the House will force Internet Service Providers to create a list of
banned websites and prevent their users from accessing the sites, creating a
Chinese-style ‘ban list’ that could easily be abused to silence free speech.
Lawmakers like Senator Joe Lieberman have teamed up with Department of Homeland
Security officials to push draconian legislation in an effort
to mimic the Communist Chinese system of policing the Internet.
“A service provider shall take technically feasible
and reasonable measures designed to prevent access by its subscribers located
within the United States to the foreign infringing site (or portion thereof)
that is subject to the order, including measures designed to prevent the domain
name of the foreign infringing site (or portion thereof) from resolving to that
domain name’s Internet Protocol address,” states the bill.
Given the fact that the
Donald Trump Dismisses Ron Paul as “Joke Candidate” Kurt Nimmo | Millions of Americans support Paul’s call for
ending foreign aid. [ Yet it’s trump who is the big joke (which makes
‘Pizza with palin’, ‘town hall of fame with
Bachmann’, trump purports to be at least ‘alcohol free’ (the alleged cause – I
don’t think so – of mobster trump’s elder brother’s suicide); but is he
‘med-free’? … there must be something to account for his madness (he’s a
psychopath who used to play Hitler speeches for inspiration). Ron Paul Slams Trump, Joins Huntsman In Sitting Out
‘Circus-Like’ Debate Business Insider | The reality television
star’s participation is “beneath the office of the Presidency.”
Trump
to moderate GOP debate This won’t end well. (
Rank |
|
||
# 1 |
11,877,218 |
|
|
# 2 |
6,523,706 |
|
|
# 3 |
6,507,394 |
|
UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ignore cases that involve black
defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target
financial fraud WP | Obama has promised to hold Wall
Street accountable for the meltdown.
‘I’m
attracted to young people’: Shocking details in scandal of ‘delusional’
Sandusky Mail Online
| Penn State paedophile Jerry Sandusky’s rabbit hole goes even deeper and
darker than we thought
Romney visits former President George H.W. Bush [ How totally
pathetic! How desperately pathetic romney the flip-flop is! ]
Woman “imprisoned” on Scientology cruise ship for 12 years {
Scientology is such a total fraud, and founded by that fraudster/mental case l
ron hubbard. In retrospect, fraud/mental infirmity is as american as ‘apple pie
and mother-of-hoods’. } ‘...In
an interview
with the Australian Broadcasting Corporation's (ABC News) Lateline program,
Paris claims that Church of Scientology leader David Miscavige sent her to the
ship when she was 18 in order to prevent her family from pulling her out of the
organization."I was basically hauled in and told that my mum had attacked
the church and that I needed to disconnect from her because she was
suppressive," she said. "He decided the ship, and I found out two
hours before my plane left, I was woken up in the morning and I was sent to the
ship for 'two weeks.' "Paris was born into a Scientology family, but her
mother quit the group after her husband committed suicide, blaming Scientology
for coercing him out of a self-made personal fortune of more than a million
dollars.Instead of the promised two week stay, Paris found herself unable to
leave the ship without an official Scientology escort and was often forced into
hard labor on the lower levels of the ship for stretches as long as two full
days. "It's hot, it's extremely loud, it's smelly, it's not nice. I was
sent down there at first for 48 hours straight on almost no sleep and I had to
work by myself," she said.So, why didn't Paris simply escape from the ship
when it would take port? The Freewinds has a relatively small sailing route,
traveling throughout the
Ten Years Later, Enron Pales in Comparison
Horses could soon be slaughtered for meat in US Horses could soon be butchered in the U.S. for human
consumption after Congress quietly lifted a 5-year-old ban on funding horse
meat inspections, and activists say slaughterhouses could be up and running...{
Another ‘bullish’ sign for pervasively corrupt, defacto bankrupt America.
‘Soylent green’ just around the corner? [Things are looking very, very ominous:
A
good business for a bad economy Firms that keep foreclosed homes clean and
secure are flourishing in these tough financial times. (Washington Post) [ See … there you go …
great times for the american optimist … who sees an opportunity in every
calamity, the rainbow beyond every cloud, the glass half-full, etc.. Whew,
close call … and we thought times were tough … and just when we thought
everything’s now comin’ up roses, we find out that that ‘glue factory’ we
thought was for horses is really a ‘soylent green’ (of the compelling film of
the same name) factory. Ah, just kidding; but, the times are getting eerily
sordid and desperate and there’ll be no real relief from the onslaught of
reality prospectively. It’s really that bad in futuro. 43,454,601,693,238
Reasons Why The World Is Broke – Presenting The Interactive Global Debt Clock Zero Hedge October 17,
2011 http://www.economist.com/content/global_debt_clock Foreigners
Sell Second Largest Amount Of US Bonds Ever In Past Week, Record $93 Billion In
US Paper Sold In Past 2 Months Zero Hedge | Europe, and especially Germany
has been just an active seller of sovereign bonds.] }
30 Signs That The United States Of America Is Being
Turned Into A Giant Prison The American Dream | If you live in the
United States of America, you live in a giant prison where liberty and freedom
are slowly being strangled to death. The
American Dream Tuesday, November 29, 2011 'If you live in the United States
of America, you live in a giant prison where liberty and freedom are slowly
being strangled to death. In this country, the control freaks that run
things are obsessed with watching, tracking, monitoring and recording virtually
everything that we do. Nothing is private anymore. Everything that
you do on the Internet is being monitored. All of your phone calls are
being monitored. In fact, if law enforcement authorities suspect that you
have done something wrong, they will use your cell phone microphone to listen
to you even when you think your cell phone is turned off. In many areas
of the country, when you get into your car automated license plate readers
track you wherever you go, and in many major cities when you are walking on the
streets a vast network of security cameras and “smart street lights” are
constantly watching you and listening to whatever you say. The TSA is
setting up “internal checkpoints” all over the nation, Homeland Security is
encouraging all of us to report any “suspicious activity” that our neighbors
are involved in and the federal government is rapidly developing “pre-crime”
technology that will flag us as “potential terrorists” if we display any signs
of nervousness. If you are flagged as a “potential terrorist”, the U.S.
military can arrest you and detain you for the rest of your life without ever
having to charge you with anything. Yes, the United States of America is
rapidly being turned into a “Big Brother” prison grid, and most Americans are
happily going along with it. The sad thing is that this used to be “the land of
the free and the home of the brave”.So what in the world happened?A fundamental
shift in our culture has taken place. The American people have eagerly
given up huge chunks of liberty and freedom in exchange for vague promises of
increased security.Our country is now run by total control freaks and paranoia
has become standard operating procedure.We were told that the terrorists hate
our liberties and our freedoms, and that we needed to fight the terrorists so
that we could keep our liberties and our freedoms.But instead, the government
keeps taking away all of our liberties and our freedoms.How in the world does
that make any sense?Have the terrorists won?As a country, we have moved so far
in the direction of communist China, the USSR and Nazi Germany that it is
almost impossible to believe.Yes, turning the United States of America into a
giant prison may make us all slightly safer, but what kind of life is this?Do
we want to be dead while we are still alive?Is this the price that we want to
pay in order to feel slightly safer?Where are the millions of Americans that
still yearn to breathe free air?America is supposed to be a land teeming with
people thirsting for independence. For example, “Live Free or Die” is
supposedly the official motto of the state of New Hampshire.But instead, the
motto of most Americans seems to be “live scared and die cowering”.We don’t
have to live like this.Yes, bad things are always going to happen. No
amount of security is ever going to be able to keep us 100% safe.We need to
remember that a very high price was paid for our liberty and we should not give
it up so easily.As one very famous American once said, when we give up liberty
for security we deserve neither.
The following are 30
signs that the United States of America is being turned into a giant prison….
#1 A new bill that is going through the U.S. Senate
would allow the U.S. military to arrest American citizens and hold them
indefinitely without trial. This new law was recently discussed in an
article the website of the New American….
In what may be a
tale too bizarre to be believed by millions of Americans, the U.S. Senate
appears ready to pass a bill that will designate the entire earth, including
the United States and its territories, one all-encompassing “battlefield” in
the global “war on terror” and authorize the detention of Americans suspected
of terrorist ties indefinitely and without trial or even charges being filed
that would necessitate a trial.
U.S. Senator Lindsey
Graham is a big supporter of the bill, and he says that it would “basically say
in law for the first time that the homeland is part of the battlefield”.
According to the PPJ Gazette, the following are
three things that this new law would do….
1) Explicitly
authorize the federal government to indefinitely imprison without charge or
trial American
citizens and others
picked up inside
and outside the United States;
(2) Mandate
military detention of some civilians who would otherwise be outside of military
control, including
civilians picked up within the United States itself; and
(3) Transfer
to the Department of Defense core prosecutorial, investigative, law
enforcement, penal, and custodial authority and responsibility now held by the
Department of Justice.
#2 U.S. Senator Joe Lieberman is asking Google to
install a “terrorist button” on all
Blogger.com blogs so that readers can easily flag “terrorist content” for
authorities.
#3 Most Americans have no idea how sophisticated the
“Big Brother” prison grid has become. For example, in Washington D.C. the
movements of every single car are tracked using automated license plate readers
(ALPRs). The following comes from a recent Washington
Post article….
More than 250
cameras in the District and its suburbs scan license plates in real time,
helping police pinpoint stolen cars and fleeing killers. But the program
quietly has expanded beyond what anyone had imagined even a few years ago.
With virtually no
public debate, police agencies have begun storing the information from the
cameras, building databases that document the travels of millions of vehicles.
Nowhere is that more
prevalent than in the District, which has more than one plate-reader per square
mile, the highest concentration in the nation. Police in the Washington suburbs
have dozens of them as well, and local agencies plan to add many more in coming
months, creating a comprehensive dragnet that will include all the approaches
into the District.
#4 In some American schools, RFID chips are now being
used to monitor the attendance and movements of children while they are at
school. The following is how one article recently described a
program that has just been instituted at a preschool in
Upon arriving in the
morning, according to the Associated Press, each student at the CCC-George
Miller preschool will don a jersey with a stitched in RFID chip. As the kids go
about the business of learning, sensors in the school will record their
movements, collecting attendance for both classes and meals. Officials from the
school have claimed they’re only recording information they’re required to
provide while receiving federal funds for their Headstart program.
#5 Increasingly, incidents of misbehavior at many
#6 But what happened to one very young student in
Stockton,
Earlier this year, a
#7 In the
#8 Did you know that the government actually sets up
fake cell phone towers that can intercept your cell phone calls? The
following is how a recent Wired articledescribed
these “stingrays”….
You make a call on
your cellphone thinking the only thing standing between you and the recipient
of your call is your carrier’s cellphone tower. In fact, that tower your phone
is connecting to just might be a boobytrap set up by law enforcement to ensnare
your phone signals and maybe even the content of your calls.
So-called stingrays
are one of the new high-tech tools that authorities are using to track and
identify you. The devices, about the size of a suitcase, spoof a legitimate
cellphone tower in order to trick nearby cellphones and other wireless
communication devices into connecting to the tower, as they would to a real
cellphone tower.
The government
maintains that the stingrays don’t violate Fourth Amendment rights, since Americans
don’t have a legitimate expectation of privacy for data sent from their mobile
phones and other wireless devices to a cell tower.
#9 U.S. border agents are allowed by law to search any laptop being
brought into the United States without even needing any reason to do so.
#10 In the United States of America, everyone is a
“potential terrorist”. According to FBI Director Robert Mueller, “homegrown terrorists”
represent as big a threat to American national security as al-Qaeda does.
#11 Most Americans are not that concerned about the
Patriot Act, but that might change if they understood that the federal
government has a “secret interpretation” of what the Patriot Act really
means. U.S. Senator Ron Wyden says that the U.S. government interprets the
Patriot Act much more “broadly”
than the general public does….
“We’re getting to a
gap between what the public thinks the law says and what the American
government secretly thinks the law says.”
#12 The FBI is now admittedly recording Internet talk radio
programs all over the United States. The following comes from a recent
article by Mark Weaver of WMAL.com….
If you call a radio
talk show and get on the air, you might be recorded by the FBI.
The FBI has awarded
a $524,927 contract to a Virginia company to record as much radio news and talk
programming as it can find on the Internet.
The FBI says it is
not playing big brother by policing the airwaves, but rather seeking access to
what airs as potential evidence.
#13 The federal government has decided that what you and
I share with one another on Facebook and on Twitter could be a threat to
national security. According to a recent Associated
Press article, the Department of Homeland Security will soon be “gleaning
information from sites such as Twitter and Facebook for law enforcement
purposes”.
#14 What you say on your cell phone is never private. The truth is that that the
FBI can demand to see
your cell phone data whenever it wants. In addition, according to CNET News the FBI can remotely activate the
microphone on your cell phone and listen to whatever you are saying….
The FBI appears to
have begun using a novel form of electronic surveillance in criminal
investigations: remotely activating a mobile phone’s microphone and using it to
eavesdrop on nearby conversations.
The technique is
called a “roving bug,” and was approved by top U.S. Department of Justice
officials for use against members of a New York organized crime family who were
wary of conventional surveillance techniques such as tailing a suspect or
wiretapping him.
#15 In some areas of the country, law enforcement
authorities are pulling data out of cell phones for no reason whatsoever.
According to the ACLU, state
police in Michigan are now using “extraction devices” to download data from the
cell phones of motorists that they pull over. This is taking place even
if the motorists that are pulled over are not accused of doing anything wrong.
The following is how a
recent article on CNET News described the capabilities of these
“extraction devices”….
The devices, sold by
a company called Cellebrite, can download text messages, photos, video, and
even GPS data from most brands of cell phones. The handheld machines have
various interfaces to work with different models and can even bypass security
passwords and access some information.
#16 The federal government has become so paranoid that
they have been putting GPS tracking devices on the vehicles of thousands of
people that have not even been charged with committing any crimes. The
following is a short excerpt from a recent Wired magazine
article about this issue….
The 25-year-old
resident of San Jose, California, says he found the first one about three weeks
ago on his Volvo SUV while visiting his mother in Modesto, about 80 miles
northeast of San Jose. After contacting Wired and allowing a photographer to
snap pictures of the device, it was swapped out and replaced with a second
tracking device. A witness also reported seeing a strange man looking beneath
the vehicle of the young man’s girlfriend while her car was parked at work,
suggesting that a tracking device may have been retrieved from her car.
Then things got
really weird when police showed up during a Wired interview with the man.
The young man, who
asked to be identified only as Greg, is one among an increasing number of U.S.
citizens who are finding themselves tracked with the high-tech devices.
The Justice
Department has said that law enforcement agents employ GPS as a crime-fighting
tool with “great frequency,”and GPS retailers have told
Wired that they’ve sold thousands of the devices to the feds.
#17 New high-tech street lights that are being funded by
the federal government and that are being installed all over the nation can
also be used as surveillance cameras, can be used by the DHS to make “security
announcements” and can even be used to record personal conversations. The
following is from a recent article by Paul Joseph Watson for Infowars.com….
Federally-funded
high-tech street lights now being installed in American cities are not only set
to aid the DHS in making “security announcements” and acting as talking
surveillance cameras, they are also capable of “recording conversations,”
bringing the potential privacy threat posed by ‘Intellistreets’ to a whole new
level.
#18 If you choose to protest in the streets of America
today, there is a good chance that you will be brutalized. All over the
United States law enforcement authorities have been spraying pepper spray directly into the faces of unarmed
protesters in recent weeks.
#19 In many areas of the United States today, you will
be arrested if you do not produce proper identification for the police.
In the old days, “your papers please” was a phrase that was used to use to mock
the tyranny of Nazi Germany. But now all of us are being required to be
able to produce “our papers” for law enforcement authorities at any time.
For example, a 21-year-old college student named Samantha Zucker was recently
arrested and put in a New York City jail for 36 hours just because she
could not produce any identification for police.
#20 According to blogger Alexander Higgins, students in
kindergarten and the 1st grade in the state of New Jersey are now required by
law to participate “in monthly anti-terrorism drills”. The following is
an excerpt from a letter that he recently
received from the school where his child attends….
Each month a school
must conduct one fire drill and one security drill which may be a lockdown,
bomb threat, evacuation, active shooter, or shelter-in place drill. All schools
are now required by law to implement this procedure.
So who in the world ever
decided that it would be a good idea for 1st grade students to endure
“lockdown” and “active shooter” drills?
To get an idea of what
these kinds of drills are like, just check out this video.
#21 With all of the other problems that we are having
all over the nation, you would think that authorities would not be too
concerned about little kids that are trying to sell cups of lemonade. But
sadly, over the past year police have been sent in to shut down lemonade stands
run by children all over the United States.
#22 The federal government has decided to invest a
significant amount of time, money and energy raiding organic farms. The
following example comes from Natural News….
It is the latest
case of extreme government food tyranny, and one that is sure to have you
reeling in anger and disgust. Health department officials recently conducted a
raid of Quail Hollow Farm, an organic community supported agriculture (CSA)
farm in southern Nevada, during its special “farm to fork” picnic dinner put on
for guests — and the agent who arrived on the scene ordered that all the fresh,
local produce and pasture-based meat that was intended for the meal be
destroyed with bleach.
#23 It is an absolute disgrace that all of us (including
grandmothers and young children) must either go through body scanners that
reveal the intimate details of our naked bodies or endure “enhanced pat-downs” during
which our genitals will be touched before we are allowed to get on an airplane.
It is also an absolute
disgrace that the American people are putting up with this.
#24 Invasive TSA security techniques are not just for
airports anymore. Now, TSA “VIPR teams” are actively conducting random
inspections at bus stations and on interstate highways all over the
You’re probably used
to seeing TSA’s signature blue uniforms at the airport, but now agents are
hitting the interstates to fight terrorism with Visible Intermodal Prevention
and Response (VIPR).
“Where is a
terrorist more apt to be found? Not these days on an airplane more likely on
the interstate,” said Tennessee Department of Safety & Homeland Security
Commissioner Bill Gibbons.
Tuesday Tennessee
was first to deploy VIPR simultaneously at five weigh stations and two bus
stations across the state.
TSA “VIPR teams” now
conduct approximately 8,000
“unannounced security screenings” a year at subway stations, bus terminals,
ports and highway rest stops.
#25 More than a million hotel television sets all over
America are now broadcasting propaganda messages from the Department of
Homeland Security promoting the “See Something, Say Something” campaign.
In essence, the federal government wants all of us to become “informants” and
to start spying on one another constantly. The following comes from an
article posted by USA Today….
Starting today, the
welcome screens on 1.2 million hotel television sets in Marriott, Hilton,
Sheraton, Holiday Inn and other hotels in the USA will show a short public
service announcement from DHS. The 15-second spot encourages viewers to be
vigilant and call law enforcement if they witness something suspicious during
their travels.
#26 Certain “types” of American citizens are being
labeled as potential threats in official U.S. government documents. An
unclassified Department of Homeland Security report published a couple years
ago entitled “Right-wing
Extremism: Current Economic and Political Climate Fueling Resurgence in
Radicalization and Recruitment” claims that a belief in Bible prophecy
“could motivate extremist individuals and groups to stockpile food, ammunition
and weapons.” The report goes on to state that such people are
potentially dangerous.
#27 Back on February 20, 2009, the State of Missouri
issued a report entitled “MIAC
Strategic Report: The Modern Militia Movement“. That report warned
that the following types of people may be potential terrorists….
*anti-abortion activists
*those that are against
illegal immigration
*those that consider
“the New World Order” to be a threat
*those that have a
negative view of the United Nations
#28 As I have written about previously, a very disturbing document that Oath Keepers
has obtained shows that the FBI is now instructing store owners to report many
new forms of “suspicious activity” to them. According to the document,
“suspicious activity” now includes the following….
*paying with cash
*missing a hand or
fingers
*”strange odors”
*making “extreme
religious statements”
*”radical theology”
*purchasing
weatherproofed ammunition or match containers
*purchasing meals ready
to eat
*purchasing night vision
devices, night flashlights or gas masks
Do any of those “signs
of suspicious activity” apply to you?
#29 Soon you may get labeled as a “potential terrorist”
if you are just feeling a little nervous. A new “pre-crime” technology
system that is currently being tested by the U.S. Department of Homeland
Security will soon be in use all over the nation. It is called “Future
Attribute Screening Technology” (FAST), and it is very frightening. The
following description of this new program comes from an articlein the London Telegraph….
Using cameras and
sensors the “pre-crime” system measures and tracks changes in a person’s body
movements, the pitch of their voice and the rhythm of their speech.
It also monitors
breathing patterns, eye movements, blink rate and alterations in body heat,
which are used to assess an individual’s likelihood to commit a crime.
The Future Attribute
Screening Technology (FAST) programme is already being tested on a group of
government employees who volunteered to act as guinea pigs.
#30 The truth is that nobody puts more people into
prison than America does. The United States has the highest
incarceration rate in the world and the largest total prison
population on the entire globe.
To read about some of
the crazy things that the control freaks running things have planned for the
future, just check out this article by Natural News: “10
outlandish things the ‘scientific’ controllers have in mind for you in the near
future“.
Once again, despite all
of this outrageous “security”, it is inevitable that a lot of really bad things
are going to happen in the United States in the years ahead.
When there are incidents
of violence, it is also inevitable that there will be calls for even more “Big Brother” security measures.
We are going to be
caught in a never ending spiral of tyranny where the “solution” is always even
tighter security.
Eventually, we will have
lost all of our liberties and freedoms, and we will probably be even less safe
than we are today.
Do not be
deceived. We could put a soldier on every corner, a video camera in every
room of every home and an RFID chip in every citizen but that would not make us
“safe”.
Every single lawmaker
that is backing these laws which strip our liberties and freedoms away deserves
to be voted out of office.
If you love the United
States of America, please stand up and say something while you still can.
Please use this article
and other articles like it as tools. Share them with your friends and
your family. If we can get enough people to wake up, perhaps there is
still enough time to turn the direction of this country around.
Will the final chapters
of the history of the United States of America be mentioned in the same breath
as communist China, the USSR and Nazi Germany, or will the final chapters of
the history of the United States of America be the greatest chapters of all?
The choice, America, is
up to you.’
Exclusive: CIA Spies Caught, Fear Execution in Middle East
[Well, if there was ever anyone deserving of execution, particularly in the
middle east, it’s cia spies.]
First Lady booed at NASCAR race [Never a previous fan (that
round and round and round– but I do like the flats in horse-racing - Go Big Red
{‘Secretariat’, a terrific film} ), I think I’m going to change my mind in
light of the fans’ display of good taste!]
Pentagon
chief calls India, China ‘threats’ AFP | US Defense Secretary Leon Panetta
referred to India and China as “threats” on Thursday. [ Oh riiiiight! Anything
or anybody that’s not an incompetent, brainless automaton is a ‘threat’ to the
u.s. because in projecting america’s insanity, America sees them deviantly
sitting around plotting ways to wreak havoc and war in the world for the sake
of maintaining their wasteful, nation-draining budgets. What isn’t ‘a threat’
to these mental cases. Certainly the truth is a threat to incompetent dog
panetta, yet it is he and his who are the threat to this nation and the world.
]
Penn State Scandal: Mother of Sandusky's Adopted Son Speaks Out By KEVIN DOLAK | Good Morning America http://gma.yahoo.com/penn-state-scandal-mother-sanduskys-adopted-son-speaks-091457912.html
The birth mother of Jerry Sandusky's youngest adopted child has come
forward saying she believes
the former Penn State coach led her son on a path of self-destruction and
that she contacted authorities years ago about her son's safety.
Debra Long told ABC News
in an exclusive interview that sharing her now 33-year-old son Matt with Sandusky had been a nightmare after the coach
became the boy's guardian via foster care in 1995. Long says that she watched
as her child became enamored with the local hero and then increasingly
frightened by Sandusky's behavior.
"It was Jerry
Sandusky, you know? Any 10-year-old kid is gonna be impressed by Penn State
football," Long said. "And then it was the gifts. You know, money and
clothing and whatever … It was as if Jerry owned Matthew."
Sandusky entered the lives of the Longs as a mentor when Matt
was 10 years old, via The Second Mile charity for at-risk youth, which the
former
Matt Sandusky, now 33,
is not named as one of the 10 victims in the grand jury presentment outlining
the charges against the coach. He insists he was not abused by his foster
father.
But Debra Long says that
the once-welcome
"My son was afraid
of Jerry. If Jerry said don't talk, he didn't talk. I would sit back and watch
when Jerry would show up, how excited Matt was," she said. "And then,
as time went on, I would watch the same kid hide behind the bedroom door and
say, 'Mom, tell him I'm not home.'"
Long believes that
exposure to
"It wasn't until
Jerry came into the picture that Matt started acting out in school. Matt ended
up burning down a barn with another youth, you know -- it wasn't until Jerry
came into the picture … that mentor turned him from the quiet, good kid into --
what Jerry could use to take him."
Four months after moving
into the
"The probation
department has some serious concerns about the juvenile's safety and his
current progress in placement with the Sandusky family," Trude wrote.
The adoption file for
Matt Sandusky contains letters from Long to officials and a Centre County judge
expressing concern for her son, who she was allowed to visit only one-half day
per month while he was in Sandusky's care.
Matt Sandusky – who is
one of five boys adopted by Sandusky and his wife -- still supports Jerry after
he was arrested on charges of 40 counts of sexual assault with 10 minor boys
over 15 years. Matt even brought his children to visit Sandusky after his Nov.
5 arrest.
But the mother of Matt's
kids immediately went to court to obtain an order preventing Sandusky from
being alone with her children. By court order Sandusky is now not allowed
unsupervised contact or overnight visits with his grandchildren.
In the aftermath of
Jerry Sandusky's unexpected interview on "Rock Center" with Bob
Costas on Monday night, a number of witnesses are now ready and willing to
testify in court that they were sexually assaulted by the coach.
A second boy has said
that he is now ready to testify in court, according to Harrisburg attorney Ben
Andreozzi, who is representing the boy. According to Andreozzi , the alleged
victim called him after Sandusky gave the controversial interview on Monday.
"He has decided to
dig in his heels. He's not going anywhere. He fully intends to testify,"
Andreozzi said.
In a statement issued
Wednesday, Andreozzi said Sandusky "elected to re-victimize these young
men at a time when they should be healing," and said his client was
"disappointed" by Sandusky's comments.
"I think he would
like Mr. Sandusky to assume responsibility for the horrible acts he committed
on him," Andreozzi said.
Another boy known to be
planning to testify is one known as "Victim 1" in the indictment; he
is the boy who first came forward to authorities to allege abuse at the hands
of Sandusky. The boy has already told his story to the grand jury and is
anxious to tell it again in open court, according to his mother.
"He wants him to go
to jail, and he wants him to pay for what he's done, and he doesn't want him on
the streets where he can hurt somebody else," the unnamed boy's mother
told ABC News.
Meanwhile, The Patriot-News reports that hearing Sandusky's interview
broadcast on national television Monday has triggered more of the coach's
alleged victims to come forward.
"They're literally
processing it right in front of us," attorney Andy Shubin told the
Patriot-News. "They have kept it from their families, moms, brothers and
sisters ... The folks we talked to are largely folks in their 20s, who in a lot
of cases have never told their story before."
Shubin has reportedly
teamed up with Andreozzi, and along with a team of psychologists and social
workers they plan to aid the alleged victims by providing seeking mental help
and possible legal recourse. ‘
How
to Protect Ourselves from Radiation
: George Washington : 11/16/2011 - Self-Help: How
to Protect Ourselves Against Damage from Radiation
Penn State coach says he stopped shower assault... ‘…McQueary was placed on administrative leave last
week after Penn State officials said he had received threats.According to the
grand jury report, the graduate assistant said he saw a boy, whose age he
estimated at 10 years old, "being subjected to anal intercourse" by a
naked Sandusky in a shower at the Penn State football building in March 2002. The
graduate assistant left "immediately," was "distraught" and
called his father, according to the presentment. His father told him to leave
the building and come to his home, according to the presentment.In the email
obtained by The Morning Call, dated Nov. 8, McQueary said "I did stop it,
not physically, but made sure it was stopped when I left that locker
room.""No one can imagine my thoughts or wants to be in my shoes for
those 30-45 seconds," McQueary wrote. "Trust me."Asked about
McQueary's statement in the email that he had discussions with police, Penn
State police told The Morning Call they were deferring to the university public
relations office, which did not return a call Tuesday afternoon. Pennsylvania
State Police in Harrisburg, which is heading the
investigation, did not return a call.McQueary has not spoken publicly and
declined to be interviewed by The Morning Call…’
Defense
chief warns on Iran strike consequences Reuters | Military
action against Iran could have “unintended consequences” in the region.
Putin
defends bid for president [ Let me add my voice to his own in defending
Putin’s bid for the Russian Presidency! Another time, another place, maybe,
just maybe, such criticism might, just might be at the most, okay, even if
unwarranted. Yet, in this global worst of times scenario, Russia and the world
need a strong leader to ‘push back’ the irrationality and desperate
‘misadventurism’ (wars, contrived conflict, raping, pillaging, and plundering
by war crimes nations america/israel along with the foolishly complicit,
self-destructively pliant european bobbleheads, et als.) and continue the
rationality and strength that has always seen the great nation of Russia
through the hardest of times. From a purely Russian perspective, the Russian
people must ask themselves who is the Russian leader pervasively corrupt,
defacto bankrupt, fallen, desperate war crimes nation in intractable decline
america/israel would least be inclined to want to see in office (don’t forget
former ‘american partners’ sadam hussein, momar ghadafi, etc.). The question
answers itself. Rationality will indeed prevail in the great nation state of
Russia. Congratulations President Putin!
]
http://www.ynetnews.com/PicServer2/13062011/3550874/Untitled-1_wa.jpg
Arret sur Images (Screenshot)
The conversation then drifted to Netanyahu, at which
time Sarkozy declared: "I cannot stand him. He is a liar." According
to the report, Obama replied: "You're fed up with him, but I have to deal
with him every day!" The remark was naturally meant to be said in
confidence, but the two leaders' microphones were accidently left on, making
the would-be private comment embarrassingly public. The communication faux pas
went unnoticed for several minutes, during which the conversation between the
two heads of state – which quickly reverted to other matters – was all but open
to members the press, who were still in possession of headsets provided by the
Elysée for the sake of simultaneous translation during the G20 press
conference."By the time the (media) services at the Elysée realize it, it
was on for at least three minutes," one journalist told the website.
Still, he said that reporters "did not have a chance to take advantage of
this fluke."The surprising lack of coverage may be explained by a report
alleging that reporters present at the event were requested to sign an
agreement to keep mum on the subject of the embarrassing comments. A member of
the media confirmed Monday that "there were discussions between
journalists and they agreed not to publish the comments due to the sensitivity
of the issue." He added that while it was annoying to have to refrain from
publishing the information, the journalists are subject to precise rules of
conduct.’
No
smoking gun: IAEA Iranian nuclear report falls flat on its face Patrick Henningsen | The IAEA report
has come up short, but the Axis powers are still desperate to hit Iran
Fourth accuser urges Herman Cain to ‘come clean’ about harassment - A fourth woman has accused Republican
presidential candidate Herman Cain of sexual harassment--this time in public.
Sharon Bialek told reporters in a press conference Monday that Cain groped her
and e...
Good and evil doesn’t
have a grey zone. Killing and stealing is bad. Violence is never
“good” or necessary unless it is used to defend against killers and thieves.
Indeed, that is the morality behind the “just war” principle as defined by
international laws and treaties.
Yet, this simple concept
of right and wrong gets muddled by differing ideas about religion, patriotism,
economics and many other divisions. The “just war” rule has crumbled
under the ambitions of empires throughout history. The American-led Anglo
Saxon empire is no different.
This empire has been
brutally conquering and colonizing territory since the fall of
When foreign leaders
refused to allow these corporate interests into their country, those leaders
were replaced through a variety of covert actions. The form of government
that would be installed did not matter to the empire makers so long as the
corporate interests were served. In most cases these nations simply
surrendered to the seemingly unlimited power of the almighty dollar, thus
camouflaging the traditional method of forceful empire building.
However, some nations,
especially in the last two decades, remained stubborn and have refused to alter
their banking systems while also shunning Western companies. Despite the
empire’s best efforts to diplomatically bribe or sanction them into submission,
they ultimately required an iron military fist to force their compliance.
Until recently, military action remained the last resort. But now,
preemptive military action seems to have become the preferred, and perhaps necessary,
method to conquer the last resource-rich nations out of their grasp.
The empire’s populations
cheered this strategy out of fear of being attacked by these rogue nations who
never attacked or even threatened to attack them. In the fog of fear, killing
and stealing became acceptable. In fact, detention without charges
and even torture became acceptable in the former capital of freedom.
America has determined that the means justifies the end — which is more power.
As with all empires,
these “means” have become increasingly violent and destructive in the face of
resistance. Yet, only a few more dominoes are left to knock over for
Regardless, when the
dust settles and moral history is written,
http://4.bp.blogspot.com/-ziW0uRVXDeM/Trdbyofg0wI/AAAAAAAAMO4/aHNh5p76jQE/s200/rumsfeld+saddam.jpg
#1. Support of Dictators:
For all the happy talk of spreading Democracy and protecting human rights, the
empire has repeatedly not only supported dictators, but in many cases overthrew
popularly elected leaders and replaced them with puppet tyrants. Examples
range from secretly
funding the Nazis, to installing
the Shah in Iran, Pinochet in Chile, supporting Musharraf in
Pakistan, and their everlasting love affair with the brutal Saudi royal family,
to name a few. Actions speak louder than words to those who can navigate
the storm of propaganda with a moral compass set to recognize good from evil.
Dictators and freedom cannot coexist.
#2. Preemptive Wars of Aggression:
It could be said that all wars are preemptive in nature because
so many entities benefit from war. Yet, even before
#3. Torture: Torture has never been
acceptable by those promoting a high moral standing in the global community.
Nazis and Japanese
soldiers were convicted and executed for engaging in the exact same torture
techniques that America has redefined as ‘enhanced interrogation’.
“I was just following orders,” was not a justifiable excuse for such inhumane
behavior, much like it wasn’t a good enough defense for the low-ranking patsies
who took the heat for the sinister Abu Ghraib
torture scandal even though their actions were approved
at the highest levels. Can state-sanctioned torture of prisoners held
without charges ever be viewed as anything less than brutal?
http://1.bp.blogspot.com/-KxpFlJBhceI/TrdWSTR6itI/AAAAAAAAMOQ/OEHWeOqQW0g/s200/dees+activists.jpg
#4. Suppression of Dissent: All
tyrannical regimes throughout history have suppressed homeland dissent.
As government oppression grows bolder at home and abroad, more citizens
will naturally express outrage, resulting in even more oppressive controls.
This is happening in the
#5. Elimination of Habeas Corpus: Say
goodbye to the notion of being innocent until proven guilty, the right to face
charges and your accuser, and the right to a free and fair trial. Habeas corpus, considered
the only humane path to “which a prisoner can be released from unlawful
detention,” has been eliminated for those vaguely labeled ‘enemy combatants’ of
the empire. As Guantanamo prisoners rot under such pretenses, prominent
lawmakers in the empire propose the exact same lack of rights for American
citizens if they’re labeled an ‘enemy
belligerent‘. Similar to the Spanish Inquisition,
now you’re guilty until you’re tortured to admit your guilt. Can it get
more evil? Why yes, it can. Read on.
#6. Assassinating Citizens: That’s right.
No judge, no jury, no conviction; just straight to execution. America has
set another precedent in their tyrannical march toward empire when they openly
assassinated an American citizen and government patsy, Anwar
al-Awlaki, and his teenage son on the suspicion of terrorism. Paul
Craig Roberts laments
“Now the
But Awlaki was a bad
apple because the intelligence community said so. What’s most telling that
http://1.bp.blogspot.com/-YQecA6AdJLQ/Trdc3ax5PnI/AAAAAAAAMPA/svo3xXohd7s/s200/dees+libya.jpg
#7. Unauthorized Drone Wars: Unprovoked
wars without authorization, accountability, or independent oversight only seem
to be escalating; and with little resistance. The
#8. Use of Weapons of Mass Destruction:
How ironic that the world’s policeman for weapons of mass destruction is the
only one to use them on a mass scale. The
#9. World’s Largest Drug Dealer: The
American empire is the largest drug dealer in the world? Say it isn’t so.
Well, in addition to forcing legal drugs and genetically
modified organisms on nations, usually under the cover of foreign aid,
America also leads in the illegal drug trade. In fact, many researchers
reveal that the war on drugs is only utilized to control and monopolize
the illicit drug trade. The US government has been caught multiple
times shipping in
cocaine, colluding
with certain cartels to control the industry, and now openly protects and transports opium
from Afghanistan. In fact, Global Research points
out that in 2001, “according to UN figures, opium production had fallen to
185 tons. Immediately following the October 2001 US led invasion, production
increased dramatically, regaining its historical levels.” This month,
the U.N.
announced that Afghanistan now provides 93%
of the world’s opium production; up 61% compared to 2010 to a
whopping 5800 tonnes. Although the empire tries to keep it secret,
they can’t hide the hypocrisy forever.
http://3.bp.blogspot.com/-uY_ZP5f24y8/TrdZ3Bs9HhI/AAAAAAAAMOo/FgB0_Ri48LU/s1600/pyramid.jpg
#10. World Reserve Currency Prison:
Although using Weapons of Mass Debt is a non-violent form of
expanding the empire, it’s perhaps the most brutal and effective form of
control. Requiring foreign nations to purchase oil and other imported
commodities with US dollars wields immense power. Because all nations
must acquire dollars to purchase critical resources, they quickly become
indebted to the
Although this empire is
infinitely more powerful than
Extreme Poverty Is Now At Record Levels – 19 Statistics
About The Poor That Will Absolutely Astound You According to the U.S. Census Bureau, a higher
percentage of Americans is living in extreme poverty than they have ever
measured before. The
Economic Collapse November 5, 2011
According to the
Tonight, there are more
than 20 million Americans that are living in extreme poverty. This number
increases a little bit more every single day. The following statistics
that were mentioned in an article in The Daily Mail should be very
sobering for all of us….
About 20.5 million
Americans, or 6.7 percent of the
Those living in deep
poverty represent nearly half of the 46.2 million people scraping by below the
poverty line. In 2010, the poorest poor meant an income of $5,570 or less for
an individual and $11,157 for a family of four.
That 6.7 percent
share is the highest in the 35 years that the Census Bureau has maintained such
records, surpassing previous highs in 2009 and 1993 of just over 6 percent.
Sadly, the wealthy and
the poor are being increasingly segregated all over the nation. In some
areas of the
According to a
recent Bloomberg article, the “very
poor” are increasingly being pushed into these “bad neighborhoods”….
At least 2.2 million
more Americans, a 33 percent jump since 2000, live in neighborhoods where the
poverty rate is 40 percent or higher, according to a study released today by
the Washington-based Brookings Institution.
Of course they don’t
have much of a choice. They can’t afford to live where most of the rest
of us do.
Today, there are many
Americans that openly look down on the poor, but that
should never be the case. We should love the poor and want to see them
lifted up to a better place. The truth is that with a few bad breaks any
of us could end up in the ranks of the poor. Compassion is a virtue that
all of us should seek to develop.
Not only that, but the
less poor people and the less unemployed people we have, the better it is for
our economy. When as many people as possible in a nation are working and
doing something economically productive, that maximizes the level of true wealth
that a nation is creating.
But today we are losing
out on a massive amount of wealth. We have tens of millions of people
that are sitting at home on their couches. Instead of creating something
of economic value, the rest of us have to support them financially. That
is not what any of us should want.
It is absolutely
imperative that we get as many Americans back to work as possible. The
more people that are doing something economically productive, the more wealth
there will be for all of us.
That is why it is so
alarming that the ranks of the “very poor” are increasing so
dramatically. When the number of poor people goes up, the entire society
suffers.
So just how bad are
things right now?
The following are 19
statistics about the poor that will absolutely astound you….
#1 According to the
#2 Last year, 2.6 million more Americans descended into poverty. That was
the largest increase that we have seen
since the
#3 It isn’t just the ranks of the “very poor” that are
rising. The number of those just considered to be “poor” is rapidly
increasing as well. Back in the year 2000, 11.3% of all Americans were living in
poverty. Today, 15.1% of all Americans are living in poverty.
#4 The poverty rate for children living in the
#5 There are 314 counties in the
#6 In
#7 More than 20 million
#8 One out of every six elderly
Americans now lives below the federal poverty line.
#9 Today, there are over 45 million Americans on food stamps.
#10 According to the Wall Street Journal, nearly 15 percent of all
Americans are now on food stamps.
#11 In 2010, 42 percent of all single mothers in the
#12 The number of Americans on food stamps has increased 74% since 2007.
#13 We are told that the economy is recovering, but the
number of Americans on food stamps has grown by another 8 percent over the past year.
#14 Right now, one out of every four American children is on
food stamps.
#15 It is being projected that approximately 50 percent
of all
#16 More than 50 million Americans are now on
Medicaid. Back in 1965, only one out of every 50 Americans was on
Medicaid. Today, approximately one out of every 6
Americans is on Medicaid.
#17 One out of every six Americans is now enrolled in at least onegovernment
anti-poverty program.
#18 The number of Americans that are going to food
pantries and soup kitchens has increased by 46% since 2006.
#19 It is estimated that up to half a million children may
currently be homeless in the United States.
Sadly, we don’t hear
much about this on the nightly news, do we?
This is because the
mainstream media is very tightly controlled.
I came across a beautiful
illustration of this recently. If you do not believe that the news in
America is scripted, just watch this video starting at the 1:15
mark. Conan O’Brien does a beautiful job of demonstrating how news
anchors all over the United States are often repeating the exact same words.
So don’t rely on the
mainstream media to tell you everything.
In this day and age, it
is absolutely imperative that we all think for ourselves.
It is also absolutely
imperative that we have compassion on our brothers and sisters.
Winter is coming up, and
if you see someone that does not have a coat, don’t be afraid to offer to give
them one.
All over the United
States (and all around the world), there are orphans that are desperately
hurting. As you celebrate the good things that you have during this time
of the year, don’t forget to remember them.
We should not expect
that “the government” will take care of everyone that is hurting.
The reality is that
millions of people fall through the “safety net”.
Being generous and being
compassionate are qualities that all of us should have.
Yes, times are going to
get harder and an economic collapse is coming.
That just means that we
should be more generous and more compassionate than we have ever been before.’
Blagojevich calls feds 'cowards and liars'…[Yes. This is a rare
moment for one to say that a sleazy hypocrite like blago, who is on corrupt
federale-connected mobster trump’s celebrity apprentice, happens to be correct
based upon facts / reality and my own direct observation and experience and the
law – Don’t forget to include corrupt federal judges as maryanne trump barry,
sam alito, shiff, matz, hall, underhill, dorsey, etc.. Defacto bankrupt
america’s so-called system is pervasively corrupt and broken] (AP)
[Abolish the corrupt, costly, economically wasteful
lifetime extravagantly appointed federal courts - see RICO case [ http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
]
Sheriff: Fast and Furious Bigger Scandal Than Watergate http://www.prisonplanet.com/sheriff-fast-and-furious-bigger-scandal-than-watergate.html Paul Joseph Watson | Over two dozen
Republicans call for Holder to resign. Though heavily redacted, the documents directly
discuss “Operation Fast and Furious” and how it involves “trafficking
firearms to
Pinal County Sheriff
Paul Babeu joined over two dozen Republican lawmakers in calling on Attorney
General Eric Holder’s to resign over Operation Fast and Furious, the gunrunning
program that saw the ATF deliver some 2,000 guns directly into the hands of
Mexican drug gangs, labeling the scandal worse than the Watergate cover-up that
brought down the Nixon White House.
Noting that two of the
guns involved in the program were found at the scene where U.S. Border Patrol
agent Brian Terry was shot to death, Babeu warned that if Holder attempted to
stay in power, he could bring down the entire Obama administration.
“I thought it was a
telling sign when President Obama embraced him and gave him the Al Capone hug
and the Scarface whisper in the ear that I support you. He did this publicly. I
thought, `Wow, this is his last hours here, that he’s on his way out,” Babeu told KTAR News.
Holder is set to testify
once more on the subject in front of a Democratic-led Senate committee on
November 8.
By no means for the
first time, if Eric Holder repeats his dubious contention that Fast and Furious
only came to his attention when it became public knowledge, he will be
knowingly committing perjury.
The head of the Justice
Department’s criminal division, Lanny A. Breuer, Holder’s subordinate who first
learned of Fast and Furious in April 2010, sent Holder briefings concerning
Fast and Furious in July 2010, almost a year before Holder told a Judiciary
Committee hearing, “I’m not sure of the exact date, but I probably heard about
Fast and Furious for the first time over the last few weeks.”
Holder also received the
same briefing from the head of the
“Internal Justice
Department documents show that at least ten months before that hearing, Holder
began receiving frequent memos discussing Fast and Furious,” states the report.
The CBS News journalist
behind the scoop, Sharyl Attkisson, was
subjected to verbal abuse by the White House merely for asking questions
about the controversy, and was warned not to pursue the story.
In addition, Holder himself gave testimony
to Congress in May 2009 in which he spoke of efforts on behalf of the DOJ
and the DHS to track weapons going from the U.S. into Mexico under Project
Gunrunner, which was the umbrella program for subsequent operations like Fast
and Furious.
It now appears as though
Breuer is attempting to throw himself under the bus in an attempt to take the
heat off his boss and be the fall guy for Fast and Furious.
Over
two dozen Republican lawmakers have called for Holder to resign over his
stonewalling on Fast and Furious, which is the subject of a congressional
probe.
As
we highlighted last week, Holder is not alone in his willingness to risk
charges of perjury by lying in front of elected representatives.
Despite telling a House
Judiciary Committee that she only learned of operation Fast and Furious in
December last year when the controversy went public, Homeland Security chief
Janet Napolitano actually helped launch the previous incarnation of the
program, Project Gunrunner, at a White House press conference in March 2009.
“Napolitano, at one
point likening the questioning to a cross-examination, said repeatedly she only
learned of “Fast and Furious” after Border Patrol Agent Brian Terry was killed
in December,” reported
Fox News. “She emphasized the operation, conceived and run by the Bureau of
Alcohol, Tobacco, Firearms and Explosives, “was an ATF operation,” under the
auspices of the Justice Department, not her department.”
However, as the video
below illustrates, not only was Napolitano aware of the ATF program to put guns
into the hands of Mexican drug lords, she actually helped launch the previous
incarnation of it, Project Gunrunner, at a White House press conference
alongside Deputy Attorney General David Ogden in March 2009.’
http://www.youtube.com/watch?feature=player_embedded&v=-F_1Sya42yA
U.S.
Boots on the Ground in Libya, Pentagon Confirms Fox News | Despite assurances
otherwise, four
Afghanistan to back Pakistan if wars with U.S.: Karzai - ISLAMABAD (Reuters) - Afghanistan would
support Pakistan in case of military conflict between Pakistan and the United
States, Afghan President Hamid Karzai said in an interview to a private
Pakistani ..
GAO
Report: Federal Reserve Is Riddled With Corruption And Conflicts Of Interest
Daily Bail | New audit
of the Federal Reserve details huge conflicts of interest involving directors
of regional Fed banks
FBI
Announces Gangs Have Infiltrated Every Branch Of Military Business Insider | Report says military
has seen members from 53 gangs and 100 regions in
The
Military Industrial Complex at 50: Activism Ray McGovern | Ray McGovern on Activism and the Military
Industrial Complex.
BOOK WARNS OF END...
BOOK WARNS OF END
Fri Oct 14 2011 07:00:25 ET
**Exclusive**
"As the faith that gave birth to the West is dying in
the West, peoples of European descent from the steppes of Russia to the coast
of California have begun to die out, as the Third World treks north to claim
the estate. The last decade provided corroborating if not conclusive proof that
we are in the Indian Summer of our civilization."
So begins Pat Buchanan in his hardcore work, SUICIDE OF A
SUPERPOWER.
"Will
Buchanan, set for maximum controversy, launches all rockets
at introduction "Disintegrating Nation" -- and does not let up for
400-plus pages.
"
The books reads as if its been written to be left behind in
the ruins, only to be found by a future civilization.
SUICIDE
ranked #2,668 on AMAZON's hit parade early Friday. It streets on
Tuesday.
Now only the DRUDGE REPORT can offer a look inside.
Chapter 1: The Passing of a Superpower
“We have accepted today the existence in perpetuity of a
permanent underclass of scores of millions who cannot cope and must be carried
by society -- fed, clothed, housed, tutored, medicated at taxpayer’s expense
their entire lives. We have a dependent nation the size of
Chapter 2. The End of Christian America
If [Christopher] Dawson is correct, the drive to
de-Christianize America, to purge Christianity from the public square, public
schools and public life, will prove culturally and socially suicidal for the
nation.
“The last consequence of a dying Christianity is a dying
people. Not one post-Christian nation has a birth rate sufficient to keep it
alive....The death of European Christianity means the disappearance of the
European tribe, a prospect visible in the demographic statistics of every
Western nation.”
Chapter 3. The Crisis of Catholicism
“Half a century on, the disaster is manifest. The robust
and confident Church of 1958 no longer exists. Catholic colleges and
universities remain Catholic in name only. Parochial schools and high schools
are closing as rapidly as they opened in the 1950s. The numbers of nuns,
priests and seminarians have fallen dramatically. Mass attendance is a third of
what it was. From the former Speaker of the House to the Vice President,
Catholic politicians openly support abortion on demand.”
“How can Notre Dame credibly teach that all innocent life
is sacred, and then honor a president committed to ensuring that a woman’s
right to end the life of her innocent child remains sacrosanct?”
Chapter 4. The End of White
“[W]hite
“
Chapter 5. Demographic Winter
“Peoples of European descent are not only in a relative but
a real decline. They are aging, dying, disappearing. This is the existential
crisis of the West.” (Page 166)
“Not any Iranian weapon of mass destruction but demography
is the existential crisis Israel faces....By mid-century...Palestinians west of
the Jordan river will out-number Jews 2-1. Add Palestinians in Jordan, it is 3-1.”
“In a startling development of history, Russia’s population
has fallen from 148 million in 1991 to 140 million today and is projected to
plunge to 116 million by 2050, a loss of 32 million Russians in six decades.”
Chapter 6. Equality Vs. Freedom
“Those who would change society begin by changing the
meaning of words. At
“Where equality is enthroned, freedom is extinguished. The
rise of the egalitarian society means the death of the free society.”
“A time for truth. As most kids do not have the athletic
ability to play high school sports, or the musical ability to play in the band,
or the verbal ability to excel in debate, not every child has the academic
ability to do high school work. No two children are created equal, not even
identical twins. The family is the incubator of inequality and God its author.”
Chapter 7. The Diversity Cult
“The non-Europeanization of America is heartening news of
an almost transcendental quality,” Wattenberg trilled.4 Yet, one wonders: What
kind of man looks with transcendental joy to a day when the people among whom
he was raised have become a minority in a nation where the majority rules?”
“Historians will look back in stupor at 20th and 21st
century Americans who believed the magnificent republic they inherited would be
enriched by bringing in scores of millions from the failed states of the Third
World.”
Chapter 8: The Triumph Of Tribalism
We may deny the existence of ethnonationalism, detest it,
condemn it. But this creator and destroyer of empires and nations is a force
infinitely more powerful than globalism, for it engages the heart. Men will die
for it. Religion, race, culture and tribe are the four horsemen of the coming
apocalypse.
Chapter 9. ‘The White Party’
“Through its support of mass immigration, its paralysis in
power to prevent 12-20 million illegal aliens from entering and staying, its
failure to address the “anchor-baby” issue, the Republican Party has birthed a
new electorate that will send it the way of the Whigs.”
Chapter 10: The Long Retreat
“We borrow from Europe to defend
“Are vital U.S. interests more imperiled by what happens in
Iraq where were have 50,000 troops, or Afghanistan where we have 100,000, or
South Korea where we have 28,000 -- or by what is happening on our border with
Mexico?...What does it profit America if we save Anbar and lose Arizona?”
Chapter 11: The Last Chance
“We are trying to create a nation that has never before
existed, of all the races, tribes, cultures and creeds of Earth, where all are
equal. In this utopian drive for the perfect society of our dreams we are
killing the real country we inherited..’
SHRINK: Obama suffers from 'father hunger'...
‘The abandonment by his
father when he was an infant and by his stepfather at age 10 has left President
Obama with a "father hunger" that influences everything from why he
distances himself from pushy supporters, to his strong desire to compromise and
bring people together, to his aggressive campaign to kill Osama bin Laden, says
a psychoanalytic book out next week. In Obama on the
Couch,
[Check out
photos of Obama behind the scenes.]
This is Frank's second
psychoanalytical book about a president. While a sympathetic look at Obama, it
follows Bush on the Couch, a sharply critical analysis that suggested then President George W.
Bush was disturbed. In that book, he predicted that someone like
Obama—"completely different," "someone not ... white"—would
succeed Bush. What the nation ended up with, however, is "an almost tragic
figure," Frank writes.
The general theme is
that Obama has been affected both by being biracial and by the abandonment of
his two dads during his childhood. The result is that he is overly protective
of his own nuclear family, desires greatly to see national unity, and yet
harbors anger that he took out on bin Laden. [Vote
now: Will Obama be a one-term president?]
Take for example Obama's
earlier willingness to compromise with Republicans, upsetting his liberal base.
Here Frank cites the negative influence of his parents, especially his mom, who
often pressed him to do better in school. "He hates being pushed by
supporters who want him to make good on his promises of universal healthcare
and care for the poor, something that represents his mother and how she pushed
him to study harder," Frank writes. And when he ignores his base, he is
emulating his father, expressing annoyance but not worried they will desert
him.
Frank also calls Obama
scared of the type of radical change he advocated in 2008. "He wants to be
the father who makes change safe, the person he has waited for his entire
life."
Browse: photos of 2012 GOP hopefuls on the
campaign trail…’
BUCHANAN: Is
the New World Order unraveling? October 13,
2011 ‘With
Should it collapse, the
European Union itself could be in danger, for economic nationalism is rising in
Is the
The NWO dates back as
far as Woodrow Wilson's
In 1951 came the
European Coal and Steel Community, love child of Jean Monnet, which evolved
into the
The hidden ultimate goal
of economic union was political union – a
With the disintegration
of the
Progress was swift.
A North American Free
Trade Agreement, bringing the
A World Trade
Organization was born in 1994.
The
An International
Criminal Court, a permanent
A doctrine of limited
sovereignty had been asserted. Elites claimed a higher law than national
sovereignty; "a responsibility to protect" enabled them to intervene
in countries where human rights violations were egregious.
Serbia, bombed by Bill
Clinton for 78 days for fighting to hold its ancient province of Kosovo, was
the first victim.
Suddenly, however, the
progression has stalled. Indeed, the New World Order seems to be unraveling.
Emerging powers like
China, India and Brazil are demanding they be exempt from restrictions
developed countries seek to impose. The follow-up summits to Kyoto – Copenhagen
in 2009, Cancun in 2010 – ended in failure. The Doha round of world trade
negotiations ended in failure.
China refuses to let her
currency float lest she lose the trade surpluses that have enabled her to amass
$3 trillion in cash reserves.
Protectionism is rising.
Americans chafe at a new world economic order that has led to
deindustrialization of their country. Congress is talking of defunding the U.N.
as anti-Western and anti-Israel.
Why is the New World
Order suddenly going in reverse?
A primary reason is the
resurgence of nationalism. Nations are putting national interests ahead of any
perceived global interests.
A second reason is the
decline of a West whose project this was. We no longer dictate to the world,
and the world no longer marches to our tune. The deficits and indebtedness of
Western nations preclude more of the big wealth transfers in foreign aid that
once bought us influence.
A third reason is
demography. Not one European nation has a birth rate sufficient to replace its
population. Europe's nations are aging, shrinking, dying. A depopulating
Germany cannot carry forever the deficit-debtor nations of Club Med. The oldest
nation, Japan, is on schedule to lose 25 million people by 2050, as is neighbor
Russia.
Militarily, America
remains the most powerful nation. But Iraq and Afghanistan have bled the
country and left us without the certain attainment of our goals. Old allies
like Turkey go their separate ways.
Ethno-nationalism also
explains a disintegrating world order. Aspiring nations like Scotland,
Catalonia, Padania, Flanders, Ingushetia, Dagestan, East Turkestan, Kurdistan
and Baluchistan seek a place in the sun, free of the cloying embrace of the
mother country.
The desire of peoples
for nations all their own, where their own language, faith and culture
predominate and their own kind rule to the exclusion of all others, is
everywhere winning out over multiculturalism and transnationalism.
Through history there
have been attempts to unite the world.
The Roman Empire.
Catholicism. Islam. The West that ruled much of mankind from Columbus to the
mid-20th century. Communism, which conquered half of Europe and Asia but arose
and fell in a single century.
With the death of
communism and the decline of the West – in relative population and power –
Islam has become the largest religion, China the world's emerging superpower
and Asia the continent of the future.
Could this still be the
Second American Century? [ Absolutely,
unequivocally NOT! ]
Not the way we are
going.’
Read more: Is the New World Order unraveling? http://www.wnd.com/index.php?fa=PAGE.view&pageId=355405#ixzz1aiOydNLu
Rick Perry's Pledge To
Stand With Israel "as a Christian"... [ Yes, indeed! This is as damaging to
Christianity as it is helpful to Islamic fundamentalists, ‘extremists’,
realists; in large part owing to the fact that such a position can’t be
justified rationally, biblically, spiritually, morally, or realistically! ]
Rick Perry's pledge to stand with Israel "as a Christian" is a gift
to Islamic...
Analysis: what was so objectionable about Ahmadinejad’s
speech? [ Nothing! As regards the twin towers reference, his
position is consistent with in excess of 95% of those who’ve looked closely at
same, including from an engineering perspective, as opposed to those who
blindly accept the government ‘pablum’ of the neo-con cherished ‘pearl harbor
event’ (that was wildly cheered by those israeli agents in Weehawken, n.j.)
]Activist Post | It is clear that Ahmadinejad’s address to the 66th Session of
the United States General Assembly was not well met.
California City Closes Down Bible Study in Private Home Kurt Nimmo | In Orange County,
California, it is illegal to hold a religious meeting in your home. In
WIRELESS:
Obama invested in Falcone-funded Co.... In ’05 Investing, Obama Took Same Path
as Donors By MIKE McINTIRE and CHRISTOPHER
DREW ‘Less than two months after ascending to the United
States Senate, Barack
Obama bought more than $50,000 worth of stock in two speculative
companies whose major investors included some of his biggest political donors.
One of the
companies was a biotech concern that was starting to develop a drug to treat
avian flu. In March 2005, two weeks after buying about $5,000 of its shares,
Mr. Obama took the lead in a legislative push for more federal spending to
battle the disease.
The most
recent financial disclosure form for Mr. Obama, an Illinois Democrat, also
shows that he bought more than $50,000 in stock in a satellite communications
business whose principal backers include four friends and donors who had raised
more than $150,000 for his political committees.
A
spokesman for Mr. Obama, who is seeking his party’s presidential nomination in
2008, said yesterday that the senator did not know that he had invested in
either company until fall 2005, when he learned of it and decided to sell the
stocks. He sold them at a net loss of $13,000.
The
spokesman, Bill Burton, said Mr. Obama’s broker bought the stocks without
consulting the senator, under the terms of a blind trust that was being set up
for the senator at that time but was not finalized until several months after
the investments were made.
“He went
about this process to avoid an actual or apparent conflict of interest, and he
had no knowledge of the stocks he owned,” Mr. Burton said. “And when he
realized that he didn’t have the level of blindness that he expected, he moved
to terminate the trust.”
Mr. Obama
has made ethics a signature issue, and his quest for the presidency has
benefited from the perception that he is unlike politicians who blend public
and private interests. There is no evidence that any of his actions ended up
benefiting either company during the roughly eight months that he owned the
stocks.
Even so,
the stock purchases raise questions about how he could unwittingly come to
invest in two relatively obscure companies, whose backers happen to include
generous contributors to his political committees. Among those donors was Jared
Abbruzzese, a New York businessman now at the center of an F.B.I. inquiry into public corruption in
Albany, who had also contributed to Swift Boat Veterans for Truth, a group that
sought to undermine John Kerry’s
Democratic presidential campaign in 2004.
Mr. Obama,
who declined to be interviewed about the stock deals, has already had to
contend with a controversy that arose out of his reliance on a major campaign
contributor in Chicago to help him in a personal financial transaction. In that
earlier case, he acknowledged last year that it had been a mistake to involve
the contributor, a developer who has since been indicted in an unrelated
political scandal, in deals related to the Obamas’ purchase of a home.
Senate
ethics rules do not prohibit lawmakers from owning stocks — even in companies
that do business with the federal government or could benefit from legislation
they advance — and indeed other members of Congress have investments in
government contractors. The rules say only that lawmakers should not take
legislative actions whose primary purpose is to benefit themselves.
Mr.
Obama’s sale of his shares in the two companies ended what appears to have been
a brief foray into highly speculative investing that stood out amid an
otherwise conservative portfolio of mutual funds and cash accounts, a review of
his Senate disclosure statements shows. He earned $2,000 on the biotech
company, AVI BioPharma, and lost $15,000 on the satellite communications
concern, Skyterra, according to Mr. Burton of the Obama campaign.
Mr. Burton
said the trust was different from qualified blind trusts that other senators
commonly used, because it was intended to allow him greater flexibility to
address any accusations of conflicts that might arise from its assets. He said
Mr. Obama had decided to sell the stocks after receiving a communication that
made him concerned about how the trust was set up.
The
investments came at a time when Mr. Obama was enjoying sudden financial
success, following his victory at the polls in November 2004. He had signed a
$1.9 million book deal, and his ethics disclosure reports show that he received
$1.2 million of book money in 2005.
His wife,
Michelle, a hospital vice president in Chicago, received a promotion that March,
nearly tripling her salary to $317,000, and they bought a $1.6 million house in
June. The house sat on a large property that was subdivided to make it more
affordable, and one of Mr. Obama’s political donors bought the adjacent lot.
The
disclosure forms show that the Obamas also placed several hundred thousand
dollars in a new private-client account at JPMorgan Chase, a bond fund and a
checking account at a Chicago bank.
But he put
$50,000 to $100,000 into an account at UBS, which his aides say was recommended
to him by a wealthy friend, George W. Haywood, who was also a major investor in
both Skyterra and AVI BioPharma, public securities filings show.
Mr.
Haywood and his wife, Cheryl, have contributed close to $50,000 to Mr. Obama’s
campaigns and to his political action committee, the Hopefund. Mr. Haywood
declined to comment.
Within two
weeks of his purchase of the biotech stock that Feb. 22, Mr. Obama initiated
what he has called “one of my top priorities since arriving in the Senate,” a
push to increase federal financing to fight avian flu.
Several
dozen people had already died from the disease in
His first
step came on March 4, 2005, when the Senate Foreign Relations Committee
approved his request for $25 million to help contain the disease in
Mr. Obama
repeated this call in a letter that Aug. 9 to Michael O. Levitt, the health and
human services secretary. And in September 2005, Mr. Obama and Senator Tom Harkin,
Democrat of
Meanwhile,
the drug company in which he invested, AVI BioPharma, had been working to
develop its own medicine to treat avian flu victims. In a conference call with
Wall Street analysts on March 8, 2005, the company’s chairman, Denis R. Burger,
said the firm was “aggressively going forward” with its avian flu research and
hoped to work with federal agencies on it.
The
company, which is also developing medicines in a number of other areas,
provided several updates on its avian flu research in 2005, including one on
Oct. 21 saying the company was likely to develop a treatment for avian flu “in
a relatively short time.”
Mr. Obama
sold what appears to have been about 2,000 shares of the company’s stock a week
later, when it traded at about $3.50 a share, or about $1 a share more than
when he bought it. Company officials said they never talked to the senator
about his work on avian flu. And while the company has received millions of
dollars in federal money to develop drugs for treating ebola and other serious
diseases, it still has not received any federal money for its avian flu
research.
The
company’s stock briefly surged to nearly $9 a share in January 2006 when it
announced promising research findings on the flu drug. But the company still
has not applied for federal approvals to test and market the drug.
Unlike his
investment in AVI, which yielded a small profit, Mr. Obama’s stake in Skyterra
Communications went in the opposite direction, despite a promising start.
He bought
his Skyterra shares the same day the Federal Communications Commission ruled in
favor of the company’s effort to create a nationwide wireless network by
combining satellites and land-based communications systems. Immediately after
that morning ruling, Tejas Securities, a regional brokerage in Texas that
handled investment banking for Skyterra, issued a research report speculating
that Skyterra stock could triple in value.
Tejas and
people associated with it were major donors to Mr. Obama’s political
committees, having raised more than $150,000 since 2004. The company’s
chairman, John J. Gorman, has held fund-raisers for the senator in Austin,
Tex., and arranged for him to use a private plane for several political events in
2005. Mr. Gorman declined to comment.
In May
2005, Mr. Abbruzzese, who was vice chairman of Tejas and a principal investor
in Skyterra, contributed $10,000 along with his wife to Mr. Obama’s political
action committee — a departure from his almost exclusive support of Republicans.
Eight months earlier, for instance, he had contributed $5,000 to the Swift Boat
group, and he has given $100,000 to the Republican National Committee since 2004.
Last year,
Mr. Abbruzzese, a major investor in several high-tech companies in New York and
elsewhere, emerged as a central figure in the federal investigation of the New
York State Senate majority leader, Joseph
L. Bruno. The inquiry is examining Mr. Bruno’s personal business
dealings, including whether he accepted money from Mr. Abbruzzese in return for
Senate approval of grants for one of Mr. Abbruzzese’s companies. Both men have
denied any wrongdoing. Mr. Abbruzzese did not return phone calls seeking
comment.
Skyterra’s
share price was lifted into the $40 range for a time on the strength of the
F.C.C. ruling, but eventually drifted down into the low 30s, and was at $31
when Mr. Obama sold his shares for a $15,000 loss on Nov. 1, 2005. A few months
later, it plunged into the $20 range, and today trades below $10 a share. A
spokesman for Skyterra said the company’s top officials had not been aware of
Mr. Obama’s investment.’
Joe McGinniss Sarah Palin Book, 'The Rogue,' Makes
Controversial Claims About Former Alaska Governor ‘Joe
McGinniss's new book, The Rogue: Searching for the Real Sarah Palin,
hits bookstores next week, but its controversial claims about the former Alaska governor are
already making waves.
In the book, McGinniss
writes that Palin had a one-night stand in 1987 with future NBA basketball
player Glen Rice nine months before she married her husband Todd. He quotes a
friend who said Palin "had a fetish for black guys for a while."
"She was a gorgeous
woman. Super nice. I was blown away by her," Rice tells McGinniss in the
book, NBC reports. "Afterward, she was a big crush that I had."
McGinniss's book also
alleges that Palin had an extramarital affair with her husband's business
partner, Brad Hanson, in the mid-1990s, and snorted cocaine off a 55-gallon oil
drum while snowboarding.
"An utter fraud. An
absolute and utter fraud," McGinniss calls Palin in an interview about the book with NBC.
"At best, she's a
hypocrite," McGinniss tells NBC's Savannah Guthrie. "At worst, she's
a vindictive hypocrite."
McGinniss famously moved into a house next door to Palin's Wasilla, Alaska home
to write his book -- prompting the Palins to accuse him of stalking them. They built a high fence along their property to protect their
privacy.
In response to
McGinniss's book, Todd Palin gave a statement to NBC saying that McGinniss "spent the
last year interviewing marginal figures with an axe to grind in order to churn
out a hit piece to satisfy his own creepy obsession with my wife."
"I'd ask the
fathers and husbands of America to consider our privacy when one summer day I
found this guy on the deck of the rental property, just 18 feet away next door
to us, staring like a creep at my wife while she mowed the lawn in her
shorts," Palin said.
McGinniss says that
anything he learned about Palin by living next door did not make it into the
book, but he does become a character in the story himself.
The New York Times
writes in its review:
Soon Mr. McGinniss is
settling in to enjoy the fuss his mere presence has created. "Normally,
for a news story to continue beyond the first 24-hour news cycle, something
newsworthy must occur," he writes loftily, but "The Rogue" is
filled with proof to the contrary. What was his hate mail like? He quotes it.
What did Glenn Beck call him? That’s here too. Who took umbrage at this venom
and chose to help him? One man offered him a hideout, despite Mr. McGinniss's
slight skepticism about his motives. "But you don’t know me," Mr.
McGinniss protested.
McGinniss's book is
scheduled to hit bookstores on Tuesday, Sept. 20.’
The Rogue: Searching For The Real Sarah Palin' Cover Revealed Call it Palin Noir. Joe McGinniss' upcoming biography of Sarah Palin has a cover design more fitting for a detective novel. It has a bold...
Joe
McGinniss, Palin Neighbor & Author, Leaving Wasilla To Write Book ANCHORAGE,
Bristol Palin Interview Accidentally Reveals Mother's 15
Abortions
Ralph
Nader: U.S. is a two party dictatorship Raw Story | “It’s a two party dictatorship unless you’re
worth billions of dollars.”
Astronauts'
tracks, trash seen in new moon photos [ The easiest thing in the
world to contrive (don’t forget they can with some precision today send
robotics to ie., mars, etc.) and doctor so don’t be taken in by their
fraudulent b***s***! They’re probably desperately looking for some money /
budgetary consideration for their continued boondoggles. No man has ever set
foot on the moon to date. As
NASA transitions, U.S. space politics in a state of flux (
AMERICA FALLS TO 5TH PLACE... GENEVA — ‘The U.S. has tumbled further down a global ranking of the world's most competitive economies, landing at fifth place because of its huge deficits and declining public faith in government, a global economic group said Wednesday.
The announcement by the
World Economic Forum was the latest bad news for the Obama administration,
which has been struggling to boost the sinking
The rankings, which the
forum has issued for more than three decades, are based on economic data and a
survey of 15,000 business
executives.
The forum praised the
The results of a survey
of 142 nations comes a day before Obama is preparing to tackle jobs issues in a
speech to the U.S. Congress, and just as U.S. polls show a clear majority of
those surveyed say they disapprove of the way Obama is handling the economy.
Switzerland held onto
its top ranking, the forum said, because of "continuing strong performance
across the board" with innovation,
technological readiness, even-handed regulation and having one of the world's
most stable economic environments.
Germany, Europe's
economic powerhouse, was sixth, followed by the Netherlands and Denmark. Japan
came in ninth, and Britain was 10th. France was 18th, and Greece, saddled with
debt, fell to 90th.
The report looked at
broader trends: While the
"Fiscal imbalances
that have been building up around the world are really a danger to future
competitiveness, in terms of the ability of countries to invest
in those things that will be very important for competitiveness going forward,
things like education, infrastructure and so on," said Jennifer Blanke, an
economist with the forum.’
Gunman wounds several at Nevada
restaurant Washington Post - A man with a rifle shot a group of
uniformed members of the National Guard. Officers review evidence, including
bullet holes, at the scene of a shooting at an IHOP restaurant in Carson City,
Nev. 4 dead, including shooter, in Nev. IHOP attack CBS News Sheriff: Gunman used AK-47 in IHOP
shootingThe Associated Press Shooting at IHOP Restaurant in Nevada Kills Two National Guard
Members, At ... Fox News [ I heard
this breaking story as it came across the radio – the soundbite was from
someone being interviewed (I didn’t catch the name or position), who said such
as this incident happens in third world countries, not here. Au contraire! Take
a good look … from Philly, to Chicago, to Detroit, to Newark, to New York, to
Miami, to Los Angeles, etc., to crime rates worldwide (u.s. is no. 1 by far),
to pervasive corruption, to pervasive fraud (gov’t sanctioned), to meaningful lawlessness
and arbitrary enforcement, to gunboat diplomacy and perma wars, to over-printed
ever-more worthless currency, to insurmountable debt (promises to pay,
unfounded liabilities) etc., … defacto bankrupt america is a third-world
country, and the biggest by far with much further to fall …] Legendary
Investor Jeremy Grantham: America is a Banana Republic Washington’s Blog | Just different
bananas perhaps? [ Of course this is absolutely true! And not just from the
meaningfully lawless perspective – I had made such a statement on the record in
a LA Superior Court Appellate Dept. proceeding in which said court literally
ignored the law (the same is true of the costly, plushly accoutered lifetime
appointee federal courts) which courts should indeed be abolished in these
difficult economic / budgetary times. Additionally, from pervasive corruption,
to debased over-printed currency, to gunboat diplomacy, to total incompetence,
etc.,
MSNBC Yet Again Implies Criticism of Obama Is Racist Paul
Joseph Watson | General Electric-owned (49%) network is earning its federal
bailout money. [Yet, it’s holder / wobama who’re the racists … Robinson:
King’s dream remains unrealized (Washington Post) [ Yeah! That ‘content of
their character’ thing’s a b***ch to live up to … just don’t measure up! What’s
a white person to do, especially when black atty. General Holder with fellow
black Obama’s tacit approval is racist himself (themselves) UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE...‘ignore cases that involve black
defendants and white victims '. Drudgereport:
'Mob' beatings at WI state
fair...
'Hundreds of
young black people beating white people'... [ Typical… ]
Fairgoers 'pulled out of
cars'...
'They were
just going after white people'...
Heightened
security...
Play It
Again Sam: Dave's Daily [ As
always, Dave is spot-on as an astute, knowledgeable, seasoned veteran of the
markets. ] ‘ In our little
village in New Hampshire (call it Whoville) there's a summer stock playhouse a
block or so from us. They have many good plays but no matter the production or
quality, they can't top Wall Street from delivering great performances.
Thursday was another great show starring Jobless Claims, Warren Buffet, HAL
9000s, Steve Jobs and, of course, Da Boyz running the CRIMEX (COMEX and CME) on
precious metals options expiration.
The spin on Jobless
Claims data was prior claims were adjusted higher making recent higher claims
look not so bad especially when you add Verizon workers.
Warren Buffett entered
from stage left with a $5 billion investment in Bank of
The HAL 9000s have been
doing business as HFTs (High Frequency Traders) launching many buy or sell
programs using complex algorithms which can drive prices on indexes higher or
lower in dramatic fashion. One of their great acts is called "quote
stuffing". It's another illegal activity which the SEC hasn't quite
figured out. It's as futile for them as the illegal fee-driven recent
end-of-quarter price jam-job. One of these actions was featured courtesy of our
friends at Zero
Hedge and depicted below as it occurred Thursday afternoon. The first chart
features the quotes per second (NOTE: one instance exceeding 800 quotes per
second). The next chart shows the market's simultaneous reaction.
http://www.thestreet.com/tsc/daves/082511/image002.jpg
Steve Jobs sadly is
retiring from his leading role as Apple (AAPL) CEO but the stock hardly budged given the
products and brand are already well-known and his retirement was much
anticipated.
Last, but not least
certainly, was the performance of Da Boyz production of gold price
manipulation. The first bear raid occurred Tuesday as The
http://www.thestreet.com/tsc/daves/082511/image003.jpg
Meanwhile, back at Wall
& Broad stocks fell sharply because evidently there's some concern Ben will
do nothing in launching another round of QE from Jackson Hole. Bond prices were
higher as was the dollar while commodity prices overall were mixed.
Volume was higher once
again on selling and breadth per the WSJ was quite negative putting more life
back into the roller coaster ride…’
Ilsa: Play it once, Sam.
For old times' sake.
Sam: I don't know what you mean, Miss Ilsa.
Ilsa: Play it, Sam. Play "As Time Goes By."
Sam: Oh, I can't remember it, Miss Ilsa. I'm a little rusty on it.
Ilsa: I'll hum it for you. Da-dy-da-dy-da-dum, da-dy-da-dee-da-dum...
Ilsa: Sing it, Sam.
The line is usually
associated with Humphrey Bogart and later in the film his character Rick Blaine
has a similar exchange, although his line is simply 'Play it':
Rick: You know what I
want to hear.
Sam: No, I don't.
Rick: You played it for her, you can play it for me!
Sam: Well, I don't think I can remember...
Rick: If she can stand it, I can! Play it! ‘
Facebook
"Places" List Signals Decline of Western Civilization at Minyanville Justin
Rohrlich ‘Okay, it's official: the United States is pathetic … From Mashable
comes the first set of Facebook-supplied data
regarding where their users "check in"...and it ain't pretty:
1. Starbucks
2. Buffalo Wild Wings
3. Chili’s
4. Applebee’s
5. McDonald’s
6. IHOP
7. Denny’s
8. Olive Garden
9. T.G.I. Friday’s
10. The Cheesecake Factory
Yep, that's where we stand these days -- of the 157 million Facebook users in
the United States, these are the ten locations they frequent most. Not the
restaurants they frequent most. The PLACES they frequent most. If that doesn't
signal America's imminent decline, maybe the Pennsylvania middle school
principal who is bringing
his sheep to work because lawnmowers are breaking the budget, will. Just
askin'. ‘
Buchanan: The view from Martha's Vineyard...
Patrick J. Buchanan ‘As he
and his daughters bicycle around the summer playground of the Northeastern
elite, Martha's Vineyard, President Obama is steadily bleeding away both the
support of the nation and that of his most loyal constituency. Several times,
his approval rating in Gallup's daily tracking poll has sunk to 39 percent,
with disapproval reaching 54 percent. Support for his handling of the economy has dipped to the mid-20s. Only 11 percent of
Americans, says Gallup, are satisfied with the way things are going. Unemployment remains at 9 percent, as it has for two
years. The Dow has lately lost 2,000 points, or $3 trillion in wealth wiped
out. All that money the Fed pumped out is now being reflected not only in the
price of gold, silver and Swiss francs, but in rising consumer prices –
inflation. One in five U.S. children is living in poverty.
Middle America, some
time ago, decided the "hopey, changey thing" was not working out for
them. Now the patience of African-Americans with a president for whom they
voted 24 to one is wearing thin.
At a Black Caucus confab
in Detroit, Rep. Maxine Waters told an angry audience that if and when Black
America demands that they confront Obama, the caucus is ready "to have the
conversation."
A collision between
Obama and his base seems inevitable. For Black America's situation, though
tough today, seems certain to get tougher. Why?
First, black Americans
held a significant share of the subprime mortgages that went sour when housing
prices went south, and are thus overrepresented among those who lost homes.
Second, black Americans,
with a higher rate of poverty, depend more on the entitlement and social
programs that Obama cannot avoid hoisting onto the chopping block in any
"balanced" plan for dealing with the deficit-debt crisis.
Third, African-Americans
are overrepresented among the 22 million who work for local, state and federal
governments. And while government workers came out best in terms of job
security and salary hikes in the stimulus days of 2009 and 2010, in
the austerity days of 2011, they are getting their fair share of pink slips. It
is almost a truism: Whenever Middle America goes into recession, Black America
flirts with depression.
Consider the U.S. Postal
Service, with 600,000 employees, running a deficit of $8.5 billion and facing
layoffs of 120,000. According to William Burrus, ex-president of the Postal
Workers Union, 21 percent of all postal employees are black. When the cuts
come, minorities will take a big hit.
That African-Americans
favor a powerful federal government is understandable. After all, it was the
federal government that crushed the Confederacy, freed the slaves, sent troops
to integrate the South, enacted the civil rights laws, imposed affirmative
action on companies and colleges, and created the Great Society that provided
trillions in wealth transfers and welfare benefits and employs a share of the black population
that is nearly twice its representation in the labor force.
That African-Americans
would see states' rights conservatives and small-government Republicans as
hostile to the one powerful institution most friendly to them should come as a
no surprise.
Here we come to Barack's
dilemma.
The nation he leads is
facing a deficit-debt crisis that comes of an inescapable truth: Whether we are
talking about commitments to go to war to defend scores of nations or
commitments to entitlement and Great Society programs such as Social Security,
Medicare, Medicaid, earned income tax credits, food stamps and
Pell grants, we Americans have handed out promissory notes we no longer have
the means to meet.
We can no longer deliver
what we have promised.
We are running deficits
of 10 percent of gross domestic product with a national debt over 100 percent.
We are on the path that Italy is following, which is the path that Greece
pursued.
We are an overextended
empire and commonwealth facing strategic and fiscal bankruptcy. If Obama is to
lead the nation out of the crisis it confronts, he has to preside over a
downsizing of the welfare-warfare state – the same state that sustains his
base.
Not to worry, we are
told. When the lazy days of summer are over, Obama will present Congress with
his big plan for resurrecting the economy and ensuring the long-term solvency
of the nation.
Obama's September
program – indeed, any credible plan to revive the economy and bring our books into balance – has to include a rollback of U.S.
commitments at home and abroad.
Yet, domestically, this
cannot be done without reducing future Social Security, Medicare and Medicaid benefits, and cutting and capping
the social programs of the Great Society. Moreover, half the nation cannot
freeload forever, as is the case today, contributing nary a dime in federal income taxes.
And such reforms must
adversely impact most Obama's political and personal base.
If he proposes new
taxes, tea-party Republicans fix bayonets.
If he proposes
downsizing the government and cutting and capping social programs, his most
loyal constituents rise up against him.
Enjoy the Vineyard, Mr.
President. Read more: The view from Martha's Vineyard http://www.wnd.com/index.php?fa=PAGE.view&pageId=335265#ixzz1VQWOeKDx
‘
Putin
sets sights on Eurasian economic union FT | Putin hopes to build a “quasi-European Union” out
of former Soviet states.
Drudgereport: BLACK
CAUCUS ON OBAMA: 'WE'RE GETTING TIRED' [ Not as tired of wobama’s
b***s*** / excuses as the ‘White Caucus’ and any other Caucus – but, don’t be
taken in by their b***s***; they’ll ‘back the black’ every time,
regardless! ]New
low of 26% approve of Obama on economy...
Inflation
builds...
FOOD PRICES
RISING...
UNEMPLOYMENT
UP...
OBAMA TO LAY
OUT JOBS PLAN -- AFTER VACATION...
'Takes More
Vacations Than Any Human Being I've Ever Seen'...
Commiserates
with jobless, then off to the Vineyard...
Even
that italian, belafonte, isn’t buying ‘wobama brand(ed)’:
Drudgereport:
HARRY
BELAFONTE: Obama 'has failed'...
NOONAN: 'HE IS A LOSER'...
GALLUP: 40%
APPROVAL...
Obama takes
debt battle to TWITTER, loses more than 33,000 followers...
FARRAKHAN:
'THAT'S A MURDERER IN THE WHITE HOUSE'...
http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases against Wall Street lag despite Holder’s vows to target
financial fraud WP Obama has promised to hold Wall
Street accountable for the meltdown. America Is a Failed State Because It Won’t Prosecute Financial
Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm
Rank |
|
||
# 1 |
11,877,218 |
|
|
# 2 |
6,523,706 |
|
|
# 3 |
6,507,394 |
|
UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ignore cases that involve black
defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target
financial fraud WP | Obama has promised to hold Wall
Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
http://www.angelfire.com/indie/pearly/htmls/bush-carlyle.html Investment giant says it will likely sell
shares. Defense Secretary Robert M. Gates tours eastern Afghanistan, days
before the Obama administration is scheduled to complete a major review of its
war strategy. ]
The following is my
comment to an LA Times article regarding a Justice Department cover-up! As for
your inquiry, all I think about day and night is a long overdue resolution to
the RICO litigation as set forth therein:
I believe him!
Here’s some real,
complicit cover-up / fraud on the part of the federal government, et als:
October 15, 2010 (*see
infra {ultimately delivered by UPS})
Steven M. Martinez,
Assistant Director In Charge
Federal Bureau of Investigation, USDOJ
11000 Wilshire Blvd., Suite 1700
Los Angeles, CA 90024
Dear Sir:
I enclose herewith 3
copies of the within DVD rom autorun disk (which will open in your computer’s
browser) as per your office’s request as made this day (the disk and contents
have been scanned by Avast, McAfee, and Norton which I’ve installed on my
computer to prevent viral attacks / infection and are without threat). I also
include 1 copy of the DVD as filed with the subject court as referenced therein
(which files are also included on the aforesaid 3 disks in a separate folder
named ‘112208opocoan’). The (civil) RICO action (as you’re aware, the RICO Act
is a criminal statute which provides a civil remedy, including treble damages
and attorney fees, as an incentive for private prosecution of said claims
probably owing to the fact that the USDOJ seems somewhat overwhelmed and in
need of such assistance given the seriousness and prevalence of said violations
of law which have a corrupting influence on the process, and which corruption
is pervasive). A grievance complaint against Coan was also filed concurrently
with the subject action and held in abeyance pending resolution of the action
which was illegally dismissed without any supporting law and in contravention
of the Order of The Honorable Robert N. Chatigny, Chief Judge, USDC, District
Connecticut. The files below the horizontal rule are the referenced documents
as filed. (Owing to the damage to the financial interests of both the U.S. and
the District of Congresswoman Roybal-Allard, viz., Los Angeles, the Qui Tam
provisions of the Federal False Claims
Act probably would apply and I would absent resolution seek to refer the within
to a firm with expertise in that area of the law with which I am not familiar).
The document in 5 pages
under penalty of perjury I was asked to forward to the FBI office in New Haven
is probably the best and most concise summary of the case RICO Summary to
FBI Under Penalty of Perjury at Their Request (5
pages) [
ricosummarytoFBIunderpenaltyofperjury.pdf http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf
].
The correspondence I
received from the Congresswoman by way of email attachment (apparent but
typical problem with my mail) along with my response thereto is included on the
3 disks as fbicorrespondencereyes.htm
. With regard to the calls to the FBI’s LA and New Haven, CT
offices: There was one call to the LA office and I was referred to the Long
Beach, CA office where I personally met with FBI Agent Jeff Hayes to whom I
gave probative evidentiary documents of the money laundering which he confirmed
as indicative of same (he was transferred from said office within approximately
a month of said meeting and his location was not disclosed to me upon inquiry).
The matter was assigned to FBI Agent Ron Barndollar and we remained in touch
for in excess of a decade until he abruptly retired (our last conversation
prior to his retirement related to the case and parenthetically, Rudy Giuliani
whose father I stated had been an enforcer for the mob to which he registered
disbelief and requested I prove it, which I did – he served 12 years in prison,
aggravated assault/manslaughter? – and no, there is no Chinese wall of
separation – Andrew Maloney’s the one that prosecuted gotti).
In contradistinction to
the statement in said correspondence, there is a plethora of information
including evidence supporting the claims set forth in the RICO VERIFIED COMPLAINT (see
infra). Such includes and as set forth in the case, inter alia,
There is applicable
insurance / surety coverage and neither LA, nor creditors, nor I should
continue to have been damaged by this brazened corrupt and illegal scenario,
which should be resolved in accordance with the meaningful rules of law
apposite thereto.
Sincerely,
Albert L. Peia
611 E. 5th
Street, #404
Los Angeles, CA 90013
(213) 219-**** (cell
phone)
(213) 622-3745 (listed
land line but there are unresolved problems with the line, computer connection
may be the reason but I hesitate to chance greater non-performance / worsening
by their ‘fix’ so cell phone best for contact).{recent change 323-786-6651
-magic jack}
----------
*The foregoing and as
indicated therein was previously send 9-14-10 but delivery confirmation was
flawed as set forth below and my inquiries to the u.s. postal service rebuffed
(I believe tampered with inasmuch as your office could not locate same). This
cover letter (9-13-10) is on the 3 disks with navigable hyperlinks to the
subject files for ease of reference, including the files in the RICO action as
indicated. (10-15-10) I spoke with Rose, FBI, ADIC Secretary, who indicates
once again that your office has not received the aforesaid and which can
reasonably be presumed to have been tampered with, and hence, a violation of
the federal statute concerning same. (Ultimately delivered by UPS) ]
http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases against Wall Street lag despite Holder’s vows to target
financial fraud WP Obama has promised to hold Wall
Street accountable for the meltdown. America Is a Failed State Because It Won’t Prosecute Financial
Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm
Rank |
|
||
# 1 |
11,877,218 |
|
|
# 2 |
6,523,706 |
|
|
# 3 |
6,507,394 |
|
UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ignore cases that involve black
defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target
financial fraud WP | Obama has promised to hold Wall
Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Sincerely and Regards,
Al Peia
In
euro crisis, signs of German fatigue
Politics keep the chancellor from putting full weight of Europe’s
largest economy behind a solution (Washington Post) [ Yeah … ‘square pegs in
round holes’ is definitely not Germany’s style. European
economies brace as Germany slows Discouraging news about the pace of growth
came just hours before German and French leaders called for new steps to impose
discipline on governments whose lax budget practices prompted the debt crisis.
(
Will:
Is Britain a lost ally? (
David Starkey On UK Riots: ‘Whites Have Become Black’ You
Tube | “A particular sort of violent destructive, nihilistic gangster culture
has become the fashion.” [ Britain
burns the colour of 'A Clockwork Orange' Financial Times [ Truly a great film by any cinematic
standard by Stanley Kubrick based on the book of the same name by Anthony
Burgess, ‘A Clockwork Orange takes place in a futuristic
city governed by a repressive, totalitarian super-State. In this society,
ordinary citizens have fallen into a passive stupor of complacency, blind to
the insidious growth of a rampant, violent youth culture. The protagonist of
the story is Alex, a fifteen-year-old boy who narrates in a teenage slang
called nadsat, which incorporates elements of Russian and Cockney
English. Alex leads a small gang of teenage criminals—Dim, Pete, and
Georgie—through the streets, robbing and beating men and raping women. Alex and
his friends spend the rest of their time at the Korova Milkbar, an establishment
that serves milk laced with drugs, and a bar called the Duke of New York… http://www.sparknotes.com/lit/clockworkorange/summary.html http://en.wikipedia.org/wiki/A_Clockwork_Orange_%28film%29 ‘A Clockwork Orange is a 1971 British
darkly satirical science fiction film adaptation of Anthony
Burgess's 1962 novel of the same name. This cinematic adaptation
was produced, directed, and written by Stanley
Kubrick. It features disturbing, violent images, to facilitate social
commentary about psychiatry, youth gangs, and other contemporary social,
political, and economic subjects in a dystopian,
future
Meyer:
Why aren’t Americans rioting? (Washington Post) [ It really is quite
surprising inasmuch as they’re getting quite a royal screwin’ from the
so-called ‘powers that be’. There might be a tinge of masochism coupled with a
feeling of punishment-deserved remorse in light of the overridingly inherent
criminal nature of americans generally, propelling them to wrongful acts for
which they should be sorry, based upon my own experience and direct
observation. That said, I’d also say ‘give them time’, the worst is yet to
come. Moreover, we’re already seeing it, and not just in britain, greece,
italy, etc., but here in the pervasively corrupt, defacto bankrupt disunited
states of america; viz., detroit, chicago, philadelphia, etc., with predictions
consistent with the reality of much worse to come. Europe’s
crisis and the psychology of fear (Washington Post) [ Given the reality and
magnitude of Europe’s problems going forward, dwarfed only by the magnitude of
those of pervasively corrupt, defacto bankrupt america, it brings to mind the
words of the former Intel CEO (co-founder) Andy Grove ‘ Only the paranoid
survive’ (of course, having survived the Nazis and escaped Communist-controlled
Hungary in Europe, as a jew, one has to assume his perspective / outlook was
somewhat ‘skewed’ thereby). Yet, let’s not kid ourselves to the point where
virtual survival is threatened and at stake as is so for the EU. America
isn’t alone in the downgrade spiral (WP) Indeed, the EU has followed the
contra-indicated perma war, evermore worthless Weimar currency, and a
predispositon / tacit acceptance of paper securities schemes / scams / frauds
which are integral to america’s ongoing, albeit obfuscated, debacle / crisis
which given the unfunded debt load pegged at $211 Trillion among other
estimates, is insurmountable and will end quite badly. Poll:
Sharp dissatisfaction with D.C. The public doubts the government can fix
the nation’s economic problems, Post poll shows. An
unlikely landlord: Uncle Sam (WP) [
No surprise there (the doubts)! Uncle
Scam as landlord? Sounds like a typical scam / fiasco / debacle in the making!
Add limey (brits)-looking (green) frogs (french) to the mix(ed up) in the
pervasively corrupt defacto bankrupt disunited states Italy
unveils plan to calm fears of escalating crisis (WP) [ Yeah, dem piigs were back in the news. ’ Dem PIIGS still got problems. Europe’s
debt crisis threatens Italy (WP) [ Yeah, dem’ darn PIIGS. Reminds me of that joke (I won’t repeat it
here except the punch line): ‘That’s black bart’s girl’. Pelosi:
‘We are not Greece’ ( but greecy
Italy Italians voice concern over Italian debt crisis scenario [ Whew! Close
call! There you go. Nothing to worry about now that wobama’s got a boehner … so
not to be so hard on them; if pelosi says it, it must be true … Not! …Pervasively
corrupt, defacto bankrupt america, they, she look pretty greecey to me. After
all, if the same’s wobama’s ‘far-reaching plan on debt’, we all know ‘wobama
the b’ (for b***s***) is total b***s*** which means like Greecey PIIGS they’ll
be back to the trough for more … slop … py.
Deficits
And Stimulus Only Delay The Inevitable Collapse Bob Chapman | America is insolvent and has been so for a long
time. US
Is in Even Worse Shape Financially Than Greece: Gross When adding in all of
the money owed to cover future liabilities in entitlement programs the US is
actually in worse financial shape than Greece and other debt-laden European
countries, Pimco’s Bill Gross told CNBC Monday.
Maierhofer: ‘USA
INCOME STATEMENT:Total federal spending in 2010 amounted to
$3.456 trillion. Total receipts added up to $2.162 trillion. USA Inc.'s 2010
deficit was $1.294 trillion.The 2011 federal budget is $3.7 trillion with a
projected deficit of$1.6 trillion. …USA BALANCE SHEET: Consensus estimates for unfunded
obligations vary. Mary Meeker pegs the shortfall at $31 trillion, PIMCO's Bill
Gross estimates the unreported debt to be $75 trillion, while other estimates
exceed $100 trillion (these amounts are insurmountable) …’ Famed
economist predicts economic calamity in 2012. See the evidence.Newsmax http://w3.newsmax.com/a/aftershockb/video.cfm?promo_code=CA79-1 Watch for fake gov’t data / reports owing to
political desperation!
Will:
Kennedy’s Berlin blunder (
Drudgereport:
HARRY
BELAFONTE: Obama 'has failed'...
NOONAN: 'HE IS A LOSER'...
GALLUP: 40%
APPROVAL...
Obama takes
debt battle to TWITTER, loses more than 33,000 followers...
FARRAKHAN:
'THAT'S A MURDERER IN THE WHITE HOUSE'...
Most importantly, realize that if
wobama’s actions had not belied his words/campaign promises, the nation’s
position, though still ominous, would have been substantially improved.
Poll:
Sharp dissatisfaction with D.C. The public doubts the government can fix
the nation’s economic problems, Post poll shows. An
unlikely landlord: Uncle Sam
(Washington Post) [ No surprise there (the doubts)! Uncle as landlord? Sounds like a typical scam
/ fiasco / debacle in the making! Add limey (brits)-looking (green) frogs
(french) to the mix(ed up) in the pervasively corrupt defacto bankrupt
disunited states Italy
unveils plan to calm fears of escalating crisis (Washington Post) [ Yeah, dem piigs were back
in the news. ’ Dem PIIGS still got
problems. Europe’s
debt crisis threatens Italy (WP) [ Yeah, dem’ darn PIIGS. Reminds me of that joke (I won’t repeat it
here except the punch line): ‘That’s black bart’s girl’. Pelosi:
‘We are not Greece’ ( but greecy
Italy Italians voice concern over Italian debt crisis scenario [ Whew! Close
call! There you go. Nothing to worry about now that wobama’s got a boehner … so
not to be so hard on them; if pelosi says it, it must be true … Not!
…Pervasively corrupt, defacto bankrupt america, they, she look pretty greecey
to me. After all, if the same’s wobama’s ‘far-reaching plan on debt’, we all
know ‘wobama the b’ (for b***s***) is total b***s*** which means like Greecey
PIIGS they’ll be back to the trough for more … slop … py. Deficits
And Stimulus Only Delay The Inevitable Collapse Bob Chapman | America is insolvent and has been so for a long
time. US
Is in Even Worse Shape Financially Than Greece: Gross When adding in all of
the money owed to cover future liabilities in entitlement programs the US is
actually in worse financial shape than Greece and other debt-laden European
countries, Pimco’s Bill Gross told CNBC Monday.
Maierhofer: ‘USA
INCOME STATEMENT:Total federal spending in 2010 amounted to
$3.456 trillion. Total receipts added up to $2.162 trillion. USA Inc.'s 2010
deficit was $1.294 trillion.The 2011 federal budget is $3.7 trillion with a
projected deficit of$1.6 trillion. …USA BALANCE SHEET: Consensus estimates for unfunded
obligations vary. Mary Meeker pegs the shortfall at $31 trillion, PIMCO's Bill
Gross estimates the unreported debt to be $75 trillion, while other estimates
exceed $100 trillion (these amounts are insurmountable) …’ Famed
economist predicts economic calamity in 2012. See the evidence.Newsmax http://w3.newsmax.com/a/aftershockb/video.cfm?promo_code=CA79-1 Watch for fake gov’t data / reports owing to
political desperation! Why
You Shouldn't Buy Into This Plunge Forbes/O'Neil‘The
market is building momentum to the downside’.
Wall Street
closes worst week since '08 with wild day NEW YORK (Reuters) S&P
on U.S. downgrade: Debt pact 'falls short' - Reuters S&P
downgrades US credit rating from AAA S&P
Shocks the U.S. with Credit Downgrade to AA+ from Prestigious AAA Rating Wall St. Cheat Sheet What
Recovery? Forbes ‘…we can’t call this a recovery. There’s no
reason to celebrate when a job report was better than expected. Why? Because
the expectation was abysmal to begin with. And while we’re at it, we can’t
ignore increasing sovereign debt problems in Europe…’ ‘Top
3 Reasons Markets Erased the Year’s Gains Wall St. Cheat Sheet
1) Japan and Europe 2) Unemployment.3) Capital goods - billions of
dollars in lost revenue. Financial
Crisis Phase II Is Ahead at Forbes Bert Dohmen ‘ In late 2007, I wrote the book Prelude
To Meltdown, predicting the global crisis that
occurred the following year. I now see a similar confluence of events
that warns of phase II of the global crisis… My work shows that “the new
recession has started.”… Over the past 33 years, we have called the start of
every recession, often on the exact month, or within one month, of the official
start as determined one year later by the official arbiter of recession, the
National Bureau of Economic Research (NBER)… However, inflation is far
understated for political reasons. Currently, the GDP deflator is 1.8%, which
hardly reflects the true rise in prices. Therefore, what is counted as
“growth,” is actually price increases. Actual inflation, according to free
market economists who calculate inflation as it was done in 1980 before the
politician re-engineered it, is now more than 11%. Using that to adjust GDP for
inflation, would show that the economy is now in a very sharp contraction…’FLASHBACK
HERE: Selling
In May Is Very Good Advice This Year Harding
Remember: Sell in May and Go Away and If You’ve Not Sold by
June, You’re a Loon! ‘ ‘Albert Edwards: Thinks the Market Could Fall 70%’ [
He’s not alone! PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Stock
Market: 4 Current Warning Signs
Navin ‘…1) The
5-year high in the level of insider corporate stock sales is telling. At 565
sells for every 1 buy, it’s never been higher.
Is
Obama’s fate written in numbers? Recent economic data amounts to a
formidable headwind for any incumbent president hoping for a second term. And
Democrats worry time is running out. (Washington Post) [ Let’s just say the
fate of ‘wobama the b’ (for b***s***) is written, period. Quite simply, he’s
done! Here’s a picture of obama voters / backers: http://www.albertpeia.com/wobamavoters.gif . ‘Don’t cry for him new argentina, the truth
is he really screwed you’ … well you know that familiar theme and can ad lib,
insert your own words!
It’s
still Obama’s party Why he won’t face a primary challenge: Republicans and
racial politics. (Washington Post) [
It’s true … so right you are! Al Gore’s even pitchin’ in by donating the
talents of his long lost secret love child, ‘Leslie Gore’ to pen and sing a
song in wobama’s honor (kidding) which goes something like this , ‘It’s his
party and he’ll cry if he wants to, cry if he wants to, cry if he wants to, you
would cry too, if obama happened to you
… Well, there you go … if the song says
it it must be true. Yeah! And those dern republicans and their racial politics …
UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE...‘ignore cases that involve black
defendants and white victims' – Time to get whitey, at last, at last, etc., say
holder / wobama who go on to say ‘and they ain’t talking about Whitey Bulger,
the mobster, either!’
MI6
produced bogus Iraq war evidence under pressure from Downing Street Daily Mail | Iraq had long been a backwater for MI6.
NATO
Massacres of Civilians Aimed at “Cleansing” the Libyan People’s Resistance Mahdi Darius
Nazemroaya | Photographic
evidence of NATO war crimes.
NATO
urged to investigate civilian deaths during Libya air strikes Amnesty
International | Amnesty
International wrote to the NATO Secretary General asking for clarification on
incidents in which unarmed civilians were reportedly killed.
Democrats
want a bolder Obama The president’s allies are getting nervous about what
they see as the lack of a coherent strategy. (Washington Post) [ Well, tell it
to the teleprompter. Without a head per se, at least no one could say as with
‘wobama the b’ (for b***s***) that the teleprompter was in over its head.
Bolder b***s*** is still b***s***! ]
Gallup:
Disapproval of Obama Ties All-Time High CNS News | American’s approval of President tied its
all-time low of 42 percent.
Bristol Palin Interview Accidentally Reveals Mother's 15
Abortions WASILLA,
AK—Sarah Palin's political team was forced to do emergency damage control
Monday after the former Alaska governor's daughter Bristol accidentally
divulged on live television that her mother has undergone at least 15 abortions
over the past 30 years. "She's always telling me how special I am,
especially considering the five or six babies she aborted before I was
born," Palin, 20, said during a CNN interview in which she was asked if
she thought her mother would make a good president. "Then of course there
were the twins she aborted shortly after having me, another four abortions
after Willow somehow survived hers—but anyway, she's a wonderful mom. She just
gets pregnant a lot and doesn't always want to have the baby." Palin also
commended her mother's strength in carrying three babies with Down syndrome to
term, and then even choosing not to give Trig up for adoption like the others.
Taliban
who downed U.S. copter killed U.S. officials say Taliban fighters who shot
down a helicopter with 30 U.S. troops were killed in airstrikes (Washington
Post) [ Oh come on! The Taliban don’t even know who among them downed the u.s.
killer copter! Great propaganda, ‘u.s. gi’s always get their man’. Doesn’t
anyone get tired of their endless b***s*** in their end run to the end? After
all, the nation is defacto bankrupt in large part as a direct consequence of
these ‘military-industrio-inferiority-complex’ follies / welfare warfare
programs. Then there’s the cocomitant typical skullduggery which includes inter
alia:
Same
ritual, a changed president This time, President Obama traveled to Dover
Air Force Base to greet the remains of Americans he had ordered to Afghanistan
himself. Some
victims of crash are identified (Washington Post) [ Changed? I think we could
all agree that despite campaign promises to the contrary, nothing’s changed;
except, pervasively corrupt defacto bankrupt america is more hopelessly
bankrupt and the dismal economic picture has become more dour.
FLASHBACK:
Eyewitness to OBL Raid Saw Helicopter Explode (TRANSCRIPT) [ As
indicated on this albertpeia.com website, I didn’t buy the administration’s
desperate and politically opportunist Osama event and still don’t buy it; and
further, I believe this! ]Veterans
Today | TRANSCRIPT of critical interview with Pakistani
eyewitness to Bin Laden raid. Is this the key to SEAL Team 6′s demise?
“Bin Laden”
Heroes Probably Murderered to Keep Them Quiet Gordon Duff
Veterans
Today August 7, 2011 | Some Possibly Killed in Abbottabad Helicopter
Crash Months Before. [ As indicated on this albertpeia.com website, I didn’t
buy the administration’s desperate and politically opportunist Osama event and
still don’t buy it; and further, I believe this! ] Today 31 NATO troops, 20 of
them Navy Seals from the Osama bin Laden operation died in what is reported as
a helicopter crash in Afghanistan.
‘The chance of this
story being true is almost nil. The chances of this being a staged coverup is
over 80%. We believe these people were murdered to silence them. This is why.
We have solid
information on two areas:
This gave the US several
areas of severe vulnerability. Generally, Navy Seals are the best people in the
world at keeping their mouths shut, these are real team players, as the term
“Seal Team” belies.
Petraeus is a possible
presidential contender and had to be denied this “gift from heaven,” a fast
track to the oval office for sure.
Again, I remind you, I
went over specific meetings on bin Laden with his handlers, getting every last
detail. I have watched what has gone on, the continuing need to vilify a long
dead top CIA operative to provide residual cover for the Bush administration…
The reason? Bush and his
cronies are all facing charges of war crimes, not just in minor jurisdictions
but heading for the ICC, putting them on the dock with Gaddafi ( a far less
harmful character).
As for the timing of
this incident? This we will work on. What we can easily surmise is that some of
the dead have been dead since their bodies were taken away from the helicopter
crash site in Abbotabad.
Who would order such a
thing? We are going to have to wait but we are going to find out. However, we
expected this, the timing is exactly as predicted. Read full
article ‘
Tea
Party hypocrisy Fueled by populist anger, but hijacked by plutocrats.
(Washington Post) [ Ah, sweet Mr. Milbank. His love for wobama knows no bounds.
Yet, given the choice between hypocrisy and inveterate lying, assuming
arguendo, Mr. Milbank’s premise to be true (doubtful and I think most would say
no), most would take hypocrisy any day. By now, most have realized that at best
wobama’s a b***s*** artist, and at worst, an incorrigible liar; certainly as
measured by his campaign promises that got him elected, belied by his actions.
If Mr. Milbank had only said the nation’s been hijacked by plutocrats to whom
wobama’s paid homage, I’d certainly agree in part. After all, there has been
and continues a huge wealth transfer at the expense and to the detriment of the
middle class, to the substantial benefit of the ‘plutocrats’ who in america are
of that small percentile criminal class for whom everyone else must (and must
be) sacrifice(d), ie., the wall street frauds, military industrial complex,
government contractors, etc.. And, yet another casualty … if wobama’s
peace-prize is not revoked, then that ignoble nobel thing should be disbanded
for lack of credibility and moral compass.
Deal
fails to soothe foreign critics
(Washington Post) { Let’s not kid outselves! I consider Russia a
rational, great nation (their painful, yet peaceful transition from their
mistake is a testament to their greatness as a people / nation and Gorbachev
particularly – China’s recent success is as far from communism as can be
imagined) and have high regard for Putin though lamenting his youthful, albeit
inherited indiscretion (kind of like that Tiger hunt which he’s now wisely
disavowed) in dabbling in the failed system of communism (the great lie where
everybody’s equal except some are more equal than others, ie., party members,
bureaucrats, etc., kind of like america today with the addition of the
plutocratic wealthy thieves, criminals, frauds, etc.). That said, most of these
so-called ‘foreign critics’ fall predominantly into either of two categories; viz.,
‘pots calling the kettle black’, or ‘enablers’. Putin
Calls U.S. a “Parasite,” Demands New Reserve Currency Activist Post The
powerless president Obama remains
indecisive, and ignored, as larger forces bring down the country. Robinson:
S&P downgrades the GOP (Washington Post) [ Riiiiight! It’s
everything but ‘wobama the b’ (for b***s***) that’s to blame for the nation’s
meltdown according to wobama aficionados / intractable wobama apologists,
Messieurs Milbank and Robinson. Sweet Mr. Milbank even points to wobama’s
personal character flaws (among many unmentioned) to exculpate the failed
president wobama. Wobama’s failed miserably and yet had the easiest act in the
world to follow in the persona of fellow failed president war criminal dumbya
bush whose failed policies up to the real start of the election cycle he’s
largely followed. After all, Mr. Robinson, how different really are the parties
these days when profligate spending on illegal, unnecessary wars was continued
when democrats controlled congress, and then even the executive office when
continuing failed president and war criminal dumbya bush’s nation bankrupting,
nation destroying war policies, protection for unprecedentedly huge wall street
frauds, bush tax cut extensions for the wealthy, and then some (spending on top
of it). Drudgereport:
HARRY
BELAFONTE: Obama 'has failed'...
NOONAN: 'HE IS A LOSER'...
GALLUP: 40%
APPROVAL...
Obama takes
debt battle to TWITTER, loses more than 33,000 followers...
FARRAKHAN:
'THAT'S A MURDERER IN THE WHITE HOUSE'...
Most importantly, realize that if
wobama’s actions had not belied his words/campaign promises, the nation’s
position, though still ominous, would have been substantially improved.
White
House turns attention to blacks Focus comes amid a growing concern that
economic conditions might hamper black voter turnout. (Washington Post) [ As if
we couldn’t see that coming. Yet, the ‘make-work, make-shift’ jobs already
extant in the federal, state, local ‘public service’ sectors along with the
otherwise unemployable at, ie., the u.s. postal service, etc., are uneconomic
and overly costly (Drudgereport: Obama
Economists Admit: 'Stimulus' Cost $278,000 per Job... ) at best and downright wasteful at worst, the latter
being the most prevalent scenario. Moreover, despite the rhetoric, blacks will
always ‘back the black’. No criteria. No analysis. ‘Back the black’ their
despoiling cry. I think wobama and holder are probably more concerned with
making sure the ‘black panthers’ are in full force at the polls to intimidate
white voters, which racism they’ve given ‘carte blanche’, protection from
prosecution … UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE...‘ignore cases that involve black
defendants and white victims '. With wobama et als, the jive-talking b***s***
never ends! N.Y.
bumped from foreclosure panel Iowa’s attorney general says N.Y. official
“actively worked to undermine” group’s efforts in foreclosure negotiation with
banks. (Washington Post) [ Yeah! No surprise here! Yet new jersey’s
‘representative’ would have been equally disingenuous in corruptly carry out
his / her duties, so ‘doody-full’ are they, from there! “It doesn’t make sense
that an agency responsible for investigations would want to get rid of
potential evidence…’ [ Oh but it does make sense Sen. Grassley: Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman ] Details
of Obama’s jobs plan emerge (Washington Post) [ Oh come on! Too little, too late for ‘wobama
the b’ (for b***s***), the eternal campaign(er) … he’s got a ‘good rap’ … that
rapper ‘wobama the b’ (for b***s***).
Really! He’s a total embarrassment out there on the campaign trail; and
just as much an embarrassment for those who turn out to see him … maybe he’s
somewhat of an allure as in a freak show. He’s a total joke! To be finally
talking jobs and things just before the election having broken previous
campaign promises in his failed role as ‘bush failure 3’. Even his pension is
undeserved so much a fraud is he! Black
caucus: Tired of making excuses for Obama [ They are not alone! ] Washington
Examiner | A key member of
the Congressional Black Caucus says they don’t pressure President Obama because
he is loved by black voters. Obama ‘Takes More Vacations Than Any Human Being I’ve
Ever Seen’ Fox News | “Here we have a country that really is going
to hell in a handbasket.” Bus Tour Bust: Obama’s Approval Plummets Back Into 30s,
Says Gallup CNS News | Obama’s politically charged but taxpayer
funded bus tour through the Midwest turned into a bust yesterday. Disapproval of Congress Hits All Time High of 84%
Drudgereport: BLACK
CAUCUS ON OBAMA: 'WE'RE GETTING TIRED' [ Not as tired of wobama’s
b***s*** / excuses as the ‘White Caucus’ and any other Caucus – but, don’t be
taken in by their b***s***; they’ll ‘back the black’ every time,
regardless! ]New
low of 26% approve of Obama on economy...
Inflation
builds...
FOOD PRICES
RISING...
UNEMPLOYMENT
UP...
OBAMA TO LAY
OUT JOBS PLAN -- AFTER VACATION...
'Takes More
Vacations Than Any Human Being I've Ever Seen'...
Commiserates
with jobless, then off to the Vineyard...
Even
that italian, belafonte, isn’t buying ‘wobama brand(ed)’:
Drudgereport:
HARRY
BELAFONTE: Obama 'has failed'...
NOONAN: 'HE IS A LOSER'...
FARRAKHAN:
'THAT'S A MURDERER IN THE WHITE HOUSE'...
Most importantly, realize that if wobama’s actions had not belied his
words/campaign promises, the nation’s position, though still ominous, would
have been substantially improved.
What’s
Apple without Steve Jobs? Jobs has
the knack of knowing what people want before they do. Can Apple stay ahead of
the curve? (Washington Post) [ Without disparaging the company nor the
remaining employees, what can be said of Apple with certainty in response the
foregoing question is: ‘LESS’. That said, there couldn’t have been a more
propitious time for the great (without even a tinge of sarcasm – among the
relatively few great CEO’s in corporate history) Steve Jobs to leave. Steve Jobs
resigns from Apple, Cook becomes CEO - SAN FRANCISCO (Reuters) -
Silicon Valley legend Steve Jobs on Wednesday resigned as chief executive of
Apple Inc in a stunning move that ended his 14-year reign at the technology
giant he co-founded i... [ Far more than just a ‘Silicon Valley legend’, Steve
Jobs literally saved Apple from extinction … I’m truly glad he saved Apple, my
first computer (1986 - apple IIc for word processing / data based records /
forms / templates / data which I interfaced with an electric typewriter for
letter quality) and for that all should be thankful. Apple is the Nasdaq (40%
weighting) and quite more, that now was! That’s past tense. Steve Jobs goes out
a big winner as indeed he should! Yet, make no mistake, as one might expect,
his timing was impeccable inasmuch as without his uniquely inspired innovation,
competition moving in, and particularly the coming debacle / crisis the worst
of which lies ahead, things are not looking up, in and for pervasively corrupt
/ defacto bankrupt america particularly, euphemistically speaking. ] End Of
Cycle Smelling Like Dow 3K, Gold 3K Forbes
/ Bill Bonner
… ‘Our view [ the correct
view ] is that the bear market began in January 2000. The feds fought it off
with two huge extravaganzas of spending — the first beginning in 2001 the other
after 2008. Stimulus does wonders for stock prices but it no longer works for
the economy that sustains them. For every dollar that the Fed has put to work to
fight the crisis since 2008, for example, it has produced only 80 cents worth
of GDP. It didn’t work……that the recession of ’08-’09 in the US never actually
ended……and that stocks will go down over the next 5-10 years until they finally
hit a real bottom…’
Robinson:
King’s dream remains unrealized (Washington Post) [ Yeah! That ‘content of
their character’ thing’s a b***ch to live up to … just don’t measure up! What’s
a white person to do, especially when black atty. General Holder with fellow
black Obama’s tacit approval is racist himself (themselves) UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE...‘ignore cases that involve black
defendants and white victims '. Drudgereport:
'Mob' beatings at WI state
fair...
'Hundreds of
young black people beating white people'... [ Typical… ]
Fairgoers 'pulled out of
cars'...
'They were
just going after white people'...
Heightened
security...
[ .. (the following incident is my personal
experience: black perps, white victims)‘.. while walking through Military Park
(a sliver of a “park” - more a pedestrian thoroughfare/cement walks) in newark,
new jersey on the way to the bank during lunch hour, I heard the clearly
audible screams/cries of what turned out to be an old lady on the ground with
blood streaming from her mouth. I ran toward the sound of the cries, the source
of which I could not see because there were so many people in and about this
thoroughfare so as to block any vision of the source of the cries. When I came
to the woman, on the ground, blood streaming from her mouth, I asked what
happened, to which she responded she had been hit in the mouth and knocked to
the ground, her purse stolen/put inside her shopping bag, and she pointed out
the criminal casually now walking across the main street. Nobody stopped to
help her, many having passed her by. I slammed the thug to the ground so hard
that, in light of all the blood and confusion (limbic system / adrenalin flow)
I thought I had been stabbed (the blood was from his elbows hitting the
pavement so hard - no one helped / a crowd gathered / an undercover cop
happened along). When I testified at the Grand Jury Proceeding I made sure his
threat on my life was set forth in prima facie fashion so as to maximize the
DA’s position with both felonies ( he went to prison – pled out ). The other
case I wrote about here ( This was included on my website in the Psychology
forum discussion of ‘bystander effect’ / diffusion of responsibility. ) -
Having had occasion to have run down a mugger in newark, n.j. who apparently
had followed a girl from the bank on her way to the bursar to pay tuition,
though in pretty good shape, I was astounded by how totally exhausting such a
pursuit was, how much like rubber my arms were when I traded punches with the
perpetrator, and truth be told, if I had a flashlight on my belt, I have little
doubt that I would have probably used it to subdue the perp (a police officer
here in California was the object of intense criticism for having used a
flashlight to subdue a criminal after a long chase so I included that here) .
The girl was not that seriously injured, did get her pocketbook and tuition
back, and the criminal went to jail (where they belong). The other thing about
such a pursuit that amazed me was that no one else assisted the girl or me
despite being in a position to do so. I was also mugged by 4 blacks and 2
hispanics in an incident here in Los Angeles, CA. But, to be fair and balanced,
the RICO litigation involves those uncivilized who consider themselves ‘whites’
http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf
(predominantly but not exclusively jews / romans-italians / mobsters /
government slugs). ]
Banks
are dimming Europe’s outlook Still restructuring after the 2008 crisis,
euro-zone banks face new concern about their stability. (
The following is my
comment to an LA Times article regarding a Justice Department cover-up! As for
your inquiry, all I think about day and night is a long overdue resolution to
the RICO litigation as set forth therein:
I believe him!
Here’s some real,
complicit cover-up / fraud on the part of the federal government, et als:
October 15, 2010 (*see
infra {ultimately delivered by UPS})
Steven M. Martinez,
Assistant Director In Charge
Federal Bureau of Investigation, USDOJ
Dear Sir:
I enclose herewith 3
copies of the within DVD rom autorun disk (which will open in your computer’s
browser) as per your office’s request as made this day (the disk and contents
have been scanned by Avast, McAfee, and Norton which I’ve installed on my
computer to prevent viral attacks / infection and are without threat). I also
include 1 copy of the DVD as filed with the subject court as referenced therein
(which files are also included on the aforesaid 3 disks in a separate folder
named ‘112208opocoan’). The (civil) RICO action (as you’re aware, the RICO Act
is a criminal statute which provides a civil remedy, including treble damages
and attorney fees, as an incentive for private prosecution of said claims
probably owing to the fact that the USDOJ seems somewhat overwhelmed and in
need of such assistance given the seriousness and prevalence of said violations
of law which have a corrupting influence on the process, and which corruption
is pervasive). A grievance complaint against Coan was also filed concurrently
with the subject action and held in abeyance pending resolution of the action
which was illegally dismissed without any supporting law and in contravention
of the Order of The Honorable Robert N. Chatigny, Chief Judge, USDC, District
Connecticut. The files below the horizontal rule are the referenced documents
as filed. (Owing to the damage to the financial interests of both the U.S. and
the District of Congresswoman Roybal-Allard, viz., Los Angeles, the Qui Tam
provisions of the Federal False Claims
Act probably would apply and I would absent resolution seek to refer the within
to a firm with expertise in that area of the law with which I am not familiar).
The document in 5 pages
under penalty of perjury I was asked to forward to the FBI office in New Haven
is probably the best and most concise summary of the case RICO Summary to
FBI Under Penalty of Perjury at Their Request (5
pages) [
ricosummarytoFBIunderpenaltyofperjury.pdf http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf
].
The correspondence I
received from the Congresswoman by way of email attachment (apparent but
typical problem with my mail) along with my response thereto is included on the
3 disks as fbicorrespondencereyes.htm
. With regard to the calls to the FBI’s LA and New Haven, CT
offices: There was one call to the LA office and I was referred to the Long
Beach, CA office where I personally met with FBI Agent Jeff Hayes to whom I
gave probative evidentiary documents of the money laundering which he confirmed
as indicative of same (he was transferred from said office within approximately
a month of said meeting and his location was not disclosed to me upon inquiry).
The matter was assigned to FBI Agent Ron Barndollar and we remained in touch
for in excess of a decade until he abruptly retired (our last conversation
prior to his retirement related to the case and parenthetically, Rudy Giuliani
whose father I stated had been an enforcer for the mob to which he registered
disbelief and requested I prove it, which I did – he served 12 years in prison,
aggravated assault/manslaughter? – and no, there is no Chinese wall of
separation – Andrew Maloney’s the one that prosecuted gotti).
In contradistinction to
the statement in said correspondence, there is a plethora of information
including evidence supporting the claims set forth in the RICO VERIFIED COMPLAINT (see
infra). Such includes and as set forth in the case, inter alia,
There is applicable
insurance / surety coverage and neither LA, nor creditors, nor I should
continue to have been damaged by this brazened corrupt and illegal scenario,
which should be resolved in accordance with the meaningful rules of law
apposite thereto.
Sincerely,
Albert L. Peia
(213) 219-**** (cell
phone)
(213) 622-3745 (listed
land line but there are unresolved problems with the line, computer connection
may be the reason but I hesitate to chance greater non-performance / worsening
by their ‘fix’ so cell phone best for contact).{recent change 323-786-6651
-magic jack}
----------
*The foregoing and as
indicated therein was previously send 9-14-10 but delivery confirmation was
flawed as set forth below and my inquiries to the
http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases against Wall Street lag despite Holder’s vows to target
financial fraud WP Obama has promised to hold Wall
Street accountable for the meltdown. America Is a Failed State Because It Won’t Prosecute Financial
Crime
Rank |
|
||
# 1 |
11,877,218 |
|
|
# 2 |
6,523,706 |
|
|
# 3 |
6,507,394 |
|
UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ignore cases that involve black
defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target
financial fraud WP | Obama has promised to hold Wall Street
accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Sincerely and Regards,
Al Peia
U.S.
stocks end volatile week in the red (Washington Post) [The
frauds on wall street et als should be criminally prosecuted, jailed, fined,
and disgorgement imposed! Train
Reading: The Stock Market Is Insane
The Wall Street Journal , Welcome
To The New Bear Market For Stocks
Forbes / Suttmeier
, Dow/Gold
Ratio Lowest Since 1987 Crash Forbes /
Adrian Ash , Ignore
Buffett's Advice, Don't Buy Stocks Forbes
/ Dohmen , The
"Crimes" That Wrecked The Markets Forbes /
Lenzner , Tech
Leading Market Lower The Wall Street
Journal , Banks
closed in Fla, Ga, Ill; 2011 total is 68 , No
Recession Coming ... It's Already Here Previous:8-18-11 Stocks rally off lows to suck
suckers in and keep suckers sucked in on bad news (Jobless
Claims, Inflation Rise More Than Expected CNBC) , fraud ( SEC destroyed documents, senator says Crimes
Wrecked The Markets ), and
b***s*** alone! MKM
Bracing For SPY To Drop 8% More; Nasdaq Nearing August Lows Barrons.com, WHY NEW
LOWS ARE LIKELY 8-18-11 Maierhofer, Is It 2008 Again? Looking at the Summer Crash of 2011
Gayed ‘A real bear market
has begun …’ ,
Abandon Ship?[The USS
Titanic] Yes, Because of These 5 Bearish Icebergs ... McGill ,
There's
A Recession Coming According To The Data at Forbes , HP, Dell
hammered as tech-spending outlook darkens JDSU, NetApp, disappointing figures, shares hit hard in
after-hours trade Dell braces investors for a bumpy road Dell makes a case on
why it can better weather an upcoming storm
, S&P
says sell Google's shares after Motorola deal , STOCKS
FALL AFTER FLOOD OF BAD NEWS: Here's What You Need To Know Joe Weisenthal , Stocks
Slip On Concern Over Europe's Debt, U.S. Data , Watch
Out: 2011 Looks A Lot Like The Market Top In 2007
Sean Hanlon Take
A Lesson From 2007 And Sell Stocks Now at
Forbes, [video]
Trader: We Could Test 1120 Lows at TheStreet.com In
a Downtrend, Sell a Rally (Daily FX) Latest:
Economist Who Predicted Market Crash Warns of 2012 Aftershock. See More Here. Famed
economist predicts economic calamity in 2012. See the evidence.Newsmax http://w3.newsmax.com/a/aftershockb/video.cfm?promo_code=CA79-1 50%
unemployment, 90% stock market drop, 100% inflation. See the Evidence (Newsmax.com) Five
Reason Stocks Are Crashing, Tips to Prepare for Meltdown (Moneynews) Unthinkable Poised to Happen on Wall Street. See Disturbing
Charts. (Newsmax.com) US Recession Is
Guaranteed: Expert CNBC. Harry Dent, Jr.
Economy will be in a Depression by 2011
Dow will Fall to 3,800 – 4,500 by 2012
Nasdaq will Fall Below 1,100, its 2002 low, by late 2010 or mid-2012 at
the latest.
U.S. Dollar will Decline
Housing will Decline by 40 – 60% from Today’s Levels
Greatest Economic and Banking Crisis since the 1930s will Occur Between
2010 and 2012). Dow
1000? Robert Prechter Thinks So Prechter
Reiterrates Call For Dow 1,000, Even As Surging Gold And Plunging Dollar Leave
Much Credibility To Be Desired Bulls
Go to Extremes: Don't Buy the "Breakout", Sell It, Prechter Says Russell:
This Is One Of The Largest Tops In Stock Market History My old friend, Bob Prechter, is talking about Dow 400. I
used to think this was an absurd joke. I no longer think it’s a joke. The
ultimate result will be a primary bear market shocking in duration and extent.
…’ Forecasts
from Dent, Napier, and then Prechter: Depression
is Imminent The Dow Jones Industrial Average will go down to at least 1000,
most likely to below 777 which was the starting point of its mania back in
August 1982, and quite likely drop below 400 at one or more times during the
bear market. [ 8 More
Reasons Why You Should Be Deeply Concerned That The U.S. Government Has Lost
Its AAA Credit Rating The Economic Collapse ‘… #8
The U.S. national debt continues to get worse by the day. Just check out
what economics
professor Laurence J. Kotlikoff recently told NPR….“If you add up
all the promises that have been made for spending obligations, including
defense expenditures, and you subtract all the taxes that we expect to collect,
the difference is $211 trillion. That’s the fiscal gap” ..’ Why
You Shouldn't Buy Into This Plunge Forbes/O'Neil‘The
market is building momentum to the downside’.]
Experts:
Recovery might take a while If this crisis follow the pattern of similar
ones, it may be one of the most difficult in
The Dow/Gold Ratio – a
measure of the
Dropping through 6.0
ahead of Friday’s
http://goldnews.bullionvault.com/files/DowGoldviii11.png
That slump itself had
taken the Dow/Gold Ratio all the way down to 3.6, with gold prices
rising to nearly $500 per ounce as the Wall Street index sank to 1776 points.
Growth, of course, was only taking a pause in late 1987 – a quick breather
before the real race to perfection of the late 1990s. Today, in contrast, the
Dow/Gold Ratio could still go a lot further down. Or so says history.
Trading a little over
its century-long average of 10.0 today, the ratio bottomed during the 1930s
Great Depression at just below 2.0 ounces of gold for one Dow unit. At the
nadir of the next global depression – the inflationary depression of the early
1980s – the Dow/Gold Ratio sank even lower, down to 1.0.
Whatever flavor of
depression we’ve got at the start of this decade – and it is a depression, as Western jobs data continue to show
and as the Dow/Gold yardstick will confirm if it goes much lower (keep an eye
on the underperformance of gold mining equities, too) – a growing flow of
private savings is choosing defense in gold bullion rather
than choosing business-risk in listed stocks.
That choice might sound
self-fulfilling if you work in psychiatry or government, a kind of “clinical
disorder” open to curing with medication, zero interest rates or perhaps a
third round of quantitative easing – most likely aimed at risk assets, we
guess, rather than the “risk free” Treasury bonds targeted by QE1 and QE2 – and
which institutional investors are all-too keen to hold anyway.
So far, however,
investors choosing to buy
gold only account for a tiny portion of the money fleeing equities.
From here to a true
depression low in Dow/Gold (if such a level is reached), today’s gold buyers
will need to find many more friends. They’d also look early-birds compared with
the rush out of stocks – and into gold – needed to reach that 2.0 or 1.0 mark.’
BlogPost : Jon Stewart attacks Fox 'class warfare'
...Warren Buffett (Nati Harnik/AP) After Warren Buffett’s New York Times Op-ed
called for a tax on the.. (Washington Post) [Ignore
Buffett's Advice, Don't Buy Stocks at
Forbes Bert Dohmen [ Yeah … this is
really good advice. As a shill for fraudulent wall street, they may have given
him some ‘stellar performances and cash to boot’; but, the homespun bumpkin
senile buffet’s analytical abilities, if ever really extant, have certainly
passed the point of no return. You may recall how the clintons, with a mere
$1,000 or so, were revealed as ‘commodities trading wizards’ (turned into in
excess of $100,000 or so), but as written up in the Wall Street Journal
‘someone was giving them money’. In fairness, that they were singled out (was)
is a bit arbitrary inasmuch as that’s going on all the time on wall street, and
now with greater precision owing to greater computer programming capabilities,
to everyone else’s detriment. Remember, in a manner of speaking, there are two
sides to every trade, viz., winner and loser (in relative terms).] ‘The
markets plunged going into August 8. On that day, the DJI closed with a loss of
629 points. My indicators signaled that a brief bounce would commence the next
day. According to the charts, the first target for the S&P 500 was 1205.
The target was hit exactly a few days later. That was followed by a renewed
plunge.
I have been looking for
a serious crisis to start in September. It appears that we have seen the
prelude for that. The big smart money has been preparing for the past five
months.You can see the “distribution pattern” on the charts since mid-February.
The rush to the exits is now accelerating and the smart money has been selling
short in large amounts.
The extreme bullish
sentiment that prevailed until the latest plunge was first replaced by
complacency, then by concern. However, the “fear” stage is still missing,
except at hedge funds that were forced to sell because of margin calls. In
fact, during the severe plunge in the first week of August, investment
investors became even more bullish according to Investorsintelligence.com. That
is not good for the markets.
The market negatives are
increasing in numbers. The IPO window is now shut. There are signs that credit
is once again vanishing. Loans are being called in, some companies appear to
have difficulties rolling over their Commercial Paper, junk bonds yields are
soaring, European banks may stop lending to each other, and the European crisis
is spreading out across the globe. It’s my view that this will cause another
credit crisis, just as in 2008.
What’s worse is that
contrary to 2008, the big players learned to read the signs from their 2008
mistakes. They are now wide awake, although in the media, their minions still
repeat the same bullish fairy tale. This means that this crisis could develop
much faster than the last one. (Read my book, Financial
Apocalypse, which is the
2008 roadmap, one which can be used very well for what is now happening.)
The words “possible
recession” suddenly is being mentioned a lot in the media, although economists
still strongly deny that possibility. Our rule is that the stronger their
denials, the more certain and the deeper the recession will be. In fact, I
declared in our May 9 issue of the Wellington Letter that the recession had
started.
Morgan Stanley lowered
its global GDP growth forecasts for 2012 from 4.5% to 3.8%. My forecast is for
1%-2% or less. It would be negative growth except for the fudged inflation
numbers.
The European politicians
are not any smarter than those in the U.S. Merkel and Sarkozy had a meeting in
Paris and did nothing. That day I called the outcome “Disastrous” for the
markets. It took the markets a day to digest the consequences and then the
selling avalanche started. Many of the markets in Europe, led by the banks
stocks, went into virtual free falls, losing from 4%-7% in one day. Such losses
indicate an approaching crisis.
Now we see some of the
well-known Wall Street figures appearing in the media, telling investors all
the reasons why stocks are a good buy. One appeared with a long list of bullish
factors. Well, that list didn’t prevent the global stock market from losing an
incredible $6 trillion over the past several weeks. He did the same
cheerleading on national TV in 2007 before investors lost 50% of their wealth.
Warren Buffett is also
once again the cheerleader saying he is buying stocks. He did that in 2007-2008
as well, and then the meltdown started later in 2008.
I would not fall for
this self-serving advice. Words cannot rescind a recession that we already
have, it cannot stop the insolvency of entire countries in Europe, it can’t
change the fact that major profit downgrades will appear soon, and it can’t
stop the China crisis that is now starting.
Gold is soaring, but the
mining stocks look terribly weak. There is great danger now with the gold
stocks getting hit hard by less developed countries, including South Africa, to
nationalize gold mines. This is too lucrative for them to resist.
I would get out of all
money market funds unless they are “U.S. government only.” The MMFs have
big exposure to European banks. We believe that lending between banks in Europe
may seize, which means that the whole structure will start shaking. You will
start hearing the word “contagion.”
In my opinion, the
danger period is approaching. What we have seen until now is just a “preview.”
The main feature is likely to be worse.
Bert Dohmen is editor of
Bert Dohmen’s
Wellington Letter and author of Prelude To Meltdown (2007) and Financial Apocalypse (2011).’
Dollar
down against major currencies Global investors are becoming antsy about the
dollar’s role as the currency at the core of the world’s financial system. (Washington Post) [ Antsy? At this point, if it was only just
‘antsy’ there’d be room to hope. Despite the understatement, this is now way
beyond ‘antsy’. Reality counts! For
first time, U.S. credit rating cut from AAA Standard & Poor’s announces
that it has downgraded U.S. government debt to AA+, dealing a huge symbolic
blow to the world’s economic superpower in what was a sharply worded critique
of the American political system. (Washington Post) [ Come on! Let’s get real
here! Symbolic? If it were only that. If it were only the american political
system, there’d at least be a plausible reason for hope, albeit futile even at
that. Indeed, pervasively corrupt, defacto bankrupt america, literally causing
destruction domestically and internationally, is a testament to the failure of
the american system generally, or more specifically what it has devolved into.
Whatever america was and purports to be, it certainly doesn’t take a PhD in
Poli Sci to know, ‘it ain’t that no more’. Moreover, the ‘genie’s out of the
bottle’ and try as they may, like ‘trying to put toothpaste back in the tube’,
or ‘unringing the bell’, perceptions of america will never be the same in the
most negative but realistic and factual sense; that is, beyond the propaganda,
efforts at censorship, and spin. Those ‘propaganda dogs don’t hunt no more.’ I
can further say that in america, by close observation and direct experience
(with more than sufficient representative sampling), I’ve seen and experienced
the worst of human nature; behavior so egregious so as to defy any known norms
of civilized behavior. Quite simply, there is no excuse for america! Deficits
And Stimulus Only Delay The Inevitable Collapse Bob Chapman | America is insolvent and has been so for a long
time. US
Is in Even Worse Shape Financially Than Greece: Gross When adding in all of
the money owed to cover future liabilities in entitlement programs the US is
actually in worse financial shape than Greece and other debt-laden European
countries, Pimco’s Bill Gross told CNBC Monday.
Maierhofer: ‘USA
INCOME STATEMENT:Total federal spending in 2010 amounted to
$3.456 trillion. Total receipts added up to $2.162 trillion. USA Inc.'s 2010
deficit was $1.294 trillion.The 2011 federal budget is $3.7 trillion with a
projected deficit of$1.6 trillion. …USA BALANCE SHEET: Consensus estimates for unfunded
obligations vary. Mary Meeker pegs the shortfall at $31 trillion, PIMCO's Bill
Gross estimates the unreported debt to be $75 trillion, while other estimates
exceed $100 trillion (these amounts are insurmountable) …’ America’s
shine is wearing off
The
powerless president Obama remains
indecisive, and ignored, as larger forces bring down the country. Robinson:
S&P downgrades the GOP (Washington Post) [ Riiiiight! It’s
everything but ‘wobama the b’ (for b***s***) that’s to blame for the nation’s
meltdown according to wobama aficionados / intractable wobama apologists,
Messieurs Milbank and Robinson. Sweet Mr. Milbank even points to wobama’s
personal character flaws (among many unmentioned) to exculpate the failed
president wobama. Wobama’s failed miserably and yet had the easiest act in the
world to follow in the persona of fellow failed president war criminal dumbya
bush whose failed policies up to the real start of the election cycle he’s
largely followed. After all, Mr. Robinson, how different really are the parties
these days when profligate spending on illegal, unnecessary wars was continued
when democrats controlled congress, and then even the executive office when
continuing failed president and war criminal dumbya bush’s nation bankrupting,
nation destroying war policies, protection for unprecedentedly huge wall street
frauds, bush tax cut extensions for the wealthy, and then some (spending on top
of it). Drudgereport:
HARRY
BELAFONTE: Obama 'has failed'...
NOONAN: 'HE IS A LOSER'...
GALLUP: 40%
APPROVAL...
Obama takes
debt battle to TWITTER, loses more than 33,000 followers...
FARRAKHAN:
'THAT'S A MURDERER IN THE WHITE HOUSE'...
Most importantly, realize that if
wobama’s actions had not belied his words/campaign promises, the nation’s
position, though still ominous, would have been substantially improved.
A
win for opponents of SEC’s new rules Court decision could spell trouble for
the agency as it puts in place some of the most far-reaching financial
regulations in years. (Washington Post) [ Oh come on! The biggest frauds in the
multi-trillions have been hands off despite the campaign promises to the
contrary. The u.s. courts are so corrupt, it’s doubtful they’d rule against
‘the big money’. That they don’t understand the economics / finance is
irrelevant to them; as is also so of the law and the facts which they probably
understand but ignore anyway. The most important consideration should be what
is obvious to all; viz., that the way things were not only facilitated the
fraudulent schemes that have brought down the nation, but will continue
prospectively as the frauds on wall street have been emboldened by the lack of
enforcement / prosecution. That said, there’s corruption thoughout the ranks of
the pervasively corrupt american government.
. Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic – lawyer)
is one of those typically with a ‘pre or post’ arrangement, whether implicit or
explicit; you know, that ubiquitous ‘bribe thing’ in pervasively corrupt,
defacto bankrupt, fallen america.
Indeed, the scenario typifies that national drain / sinkhole new york (new york
/ new jersey metro) where, for example, FBI informants were routinely exposed
by ‘italians’ in the new york d.a.’s office over the objection of the FBI, and
were promptly ‘dispatched’/assassinated / hit by mafia / organized crime [ this
was documented with authority in the book ‘Goombata: The Improbable Rise and
Fall of John Gotti and His Gang’ Cummings /
Volkman Though having but
5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall
Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic
reality [ http://albertpeia.com/grimreality.htm
Rank |
|
||
# 1 |
11,877,218 |
|
|
# 2 |
6,523,706 |
|
|
# 3 |
6,507,394 |
|
UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall
Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Rubin:
Fed to the country: the economy stinks
‘…information received since the Federal Open Market
Committee met in June indicates that economic growth so far this year has been
considerably slower than the Committee had expected. Indicators suggest a
deterioration in overall labor market conditions in recent months, and the
unemployment rate has moved up.The report adds: “The Committee now expects a
somewhat slower pace of recovery over coming quarters than it did at the time
of the previous meeting and anticipates that the unemployment rate will decline
only gradually toward levels that the Committee judges to be consistent with
its dual mandate.”
(Washington
Post) [ As if we didn’t know and needed them to tell us. Don’t forget, this
pre-election year is as good as it gets; yet is as dismal as can be imagined
with substantially worse to follow. Dual Mandate? I’m surprised they had the
audacity to use the term. The frauds on wall street
et als should be criminally prosecuted, jailed, fined, and disgorgement imposed!
What changed from yesterday which warranted a more than 600 point plunge with
paper stocks still over-valued and a 545 bounce off of afternoon lows? Nothing!
Absolutely nothing, yet a manipulated computer-programmed churn-and-earn
suckers’ rally based on fraud and b***s*** alone to keep suckers suckered,
which makes for an especially great opportunity to sell / take profits since
there’s much, much worse to come! Famed economist predicts economic calamity
in 2012. See the evidence.Newsmax http://w3.newsmax.com/a/aftershockb/video.cfm?promo_code=CA79-1 50%
unemployment, 90% stock market drop, 100% inflation. See the Evidence (Newsmax.com)
What
can the Federal Reserve do? With the U.S. economy at risk of a double-dip
recession, the central bank lacks tools to do anything. (Washington Post) [ Oh
I’d say they’ve done quite enough … wouldn’t you? … Is
Bernanke Failing His Fed Mission Or Just Delusional? at Forbes Robert Barone [ How ‘bout both! I mean, come on! This
catering to fraudulent wall street was a loser ab initio! That so-called
‘wealth effect’ market froth was used previously by senile ‘maestro’ greenspan
and failed miserably except for the frauds on wall street who commissioned up
and down; and, make no mistake, those computer-programmed high-frequency
trading volumes have now been maximized for nation-economy-draining profits for
the frauds like never before and have never been higher. The QE and
dollar-debasement policies were always predictably inflationary, ultimately
hyperinflationary, particularly for stocks; that ‘feel good’ obfuscation that
was but in reality good only for the frauds on wall street. No, there is no
modern day alchemy that spins worthless paper into gold except fraudulently for
the frauds on wall street who’ve literally oftimes done exactly that; ‘cashing
out’ for hard currency and gold, precious metals, at everyone else’s expense
including main street. ] In
his June 7 speech, Fed Chairman Ben Bernanke stated, “the best way for the
Federal Reserve to support the fundamental value of the dollar in the medium
term is to pursue our dual mandate of maximum employment and price stability,
and we will certainly do that.”
.. Bernanke’s results ..
since Ben took the reins:
Feb ’06 – April ’11
Items in a Typical Budget |
% Change |
Food and Beverages |
16.54% |
Water and sewer and trash collection services |
31.88% |
Rent of primary residence |
13.82% |
Housing |
8.68% |
Fuels and Utilities |
11.93% |
Apparel |
4.83% |
Medical Care |
20.11% |
Gasoline (all types) |
65.12% |
Transportation |
23.36% |
Tuition, other school fees, and childcare |
29.28% |
Recreation |
2.87% |
.. The
standard unemployment rate most often used by the Fed is currently at 9.1%, up
90% since Bernanke started. The more inclusive (realistic) U6 number
stands at 15.8%, up 75% in the same period. The Civilian Participation
Rate has declined 2.87% to 64.2%.
This is the lowest level
the U.S. has seen since March, 1984. The decline amounts to 8,946,844
fewer Americans in the labor force. Had they not dropped out because of a
lack of jobs, the “official” unemployment rate would be significantly
higher. While we can debate the meaning of the term maximum employment,
it is clear that the jobs data has deteriorated considerably since Bernanke
took the reins at the Fed. ..
In conclusion, it is
evident that Ben Bernanke is failing his mandates. We believe it must
come down to one of the following reasons:
1.
Bernanke does not know how to achieve his mandates;
2.
The policy tools employed don’t work;
3.
He does not have the ability to implement policies that would work;
4.
He is not trying to achieve his mandates;
5.
He has goals other than his legal mandates;
6.
He does not look at the data, and believes he is succeeding.
Matt Marcewicz
& Robert Barone, Ph.D.
.. ‘
Obama
plans to preserve federal mortgage role The president’s decision to
preserve a major role for the government marks a big milestone in the effort to
craft a new housing policy from the wreckage of the mortgage meltdown.
(Washington Post) [ Oh yeah! You can count on the government! Whew! Close call!
Nothing to worry about now with the government on the job! A
win for opponents of SEC’s new rules Court decision could spell trouble for
the agency as it puts in place some of the most far-reaching financial
regulations in years. (Washington Post) [ Oh come on! The biggest frauds in the
multi-trillions have been hands off despite the campaign promises to the
contrary. The u.s. courts are so corrupt, it’s doubtful they’d rule against
‘the big money’. That they don’t understand the economics / finance is
irrelevant to them; as is also so of the law and the facts which they probably
understand but ignore anyway. The most important consideration should be what
is obvious to all; viz., that the way things were not only facilitated the
fraudulent schemes that have brought down the nation, but will continue
prospectively as the frauds on wall street have been emboldened by the lack of
enforcement / prosecution. That said, there’s corruption thoughout the ranks of
the pervasively corrupt american government. . Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman Though
having but 5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall
Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic
reality [ http://albertpeia.com/grimreality.htm
Rank |
|
||
# 1 |
11,877,218 |
|
|
# 2 |
6,523,706 |
|
|
# 3 |
6,507,394 |
|
UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall
Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Poll: Sharp dissatisfaction with D.C. The public doubts the government can fix the nation’s economic problems, Post poll shows. An unlikely landlord: Uncle Sam (Washington Post) [ No surprise there (the doubts)! Uncle Scam as landlord? Sounds like a typical scam / fiasco / debacle in the making! Add limey (brits)-looking (green) frogs (french) to the mix(ed up) in the pervasively corrupt defacto bankrupt disunited states Italy unveils plan to calm fears of escalating crisis (Washington Post) [ Yeah, dem piigs were back in the news. ’ Dem PIIGS still got problems. Europe’s debt crisis threatens Italy (WP) [ Yeah, dem’ darn PIIGS. Reminds me of that joke (I won’t repeat it here except the punch line): ‘That’s black bart’s girl’. Pelosi: ‘We are not Greece’ ( but greecy Italy Italians voice concern over Italian debt crisis scenario [ Whew! Close call! There you go. Nothing to worry about now that wobama’s got a boehner … so not to be so hard on them; if pelosi says it, it must be true … Not! …Pervasively corrupt, defacto bankrupt america, they, she look pretty greecey to me. After all, if the same’s wobama’s ‘far-reaching plan on debt’, we all know ‘wobama the b’ (for b***s***) is total b***s*** which means like Greecey PIIGS they’ll be back to the trough for more … slop … py. Deficits And Stimulus Only Delay The Inevitable Collapse Bob Chapman | America is insolvent and has been so for a long time. US Is in Even Worse Shape Financially Than Greece: Gross When adding in all of the money owed to cover future liabilities in entitlement programs the US is actually in worse financial shape than Greece and other debt-laden European countries, Pimco’s Bill Gross told CNBC Monday. Maierhofer: ‘USA INCOME STATEMENT:Total federal spending in 2010 amounted to $3.456 trillion. Total receipts added up to $2.162 trillion. USA Inc.'s 2010 deficit was $1.294 trillion.The 2011 federal budget is $3.7 trillion with a projected deficit of$1.6 trillion. …USA BALANCE SHEET: Consensus estimates for unfunded obligations vary. Mary Meeker pegs the shortfall at $31 trillion, PIMCO's Bill Gross estimates the unreported debt to be $75 trillion, while other estimates exceed $100 trillion (these amounts are insurmountable) …’ Famed economist predicts economic calamity in 2012. See the evidence.Newsmax http://w3.newsmax.com/a/aftershockb/video.cfm?promo_code=CA79-1 Watch for fake gov’t data / reports owing to political desperation
Economy
central as Obama starts tour With some of his harshest words yet, president
criticizes GOP candidates on taxes, debt. (Washington Post) [ The eternal
campaign(er) … he’s got a ‘good rap’ … that rapper ‘wobama the b’ (for
b***s***). Is
Obama’s fate written in numbers? Recent economic data amounts to a
formidable headwind for any incumbent president hoping for a second term. And
Democrats worry time is running out. (Washington Post) [ Let’s just say the
fate of ‘wobama the b’ (for b***s***) is written, period. Quite simply, he’s
done! Here’s a picture of obama voters / backers: http://www.albertpeia.com/wobamavoters.gif . ‘Don’t cry for him new argentina, the truth
is he really screwed you’ … well you know that familiar theme and can ad lib,
insert your own words!
It’s
still Obama’s party Why he won’t face a primary challenge: Republicans and
racial politics. (Washington Post) [
It’s true … so right you are! Al Gore’s even pitchin’ in by donating the
talents of his long lost secret love child, ‘Leslie Gore’ to pen and sing a
song in wobama’s honor (kidding) which goes something like this , ‘It’s his
party and he’ll cry if he wants to, cry if he wants to, cry if he wants to, you
would cry too, if obama happened to you
… Well, there you go … if the song says
it it must be true. Yeah! And those dern republicans and their racial politics
… UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE...‘ignore cases that involve black
defendants and white victims' – Time to get whitey, at last, at last, etc., say
holder / wobama who go on to say ‘and they ain’t talking about Whitey Bulger,
the mobster, either!’
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Robinson:
Obama won the Iowa Straw Poll (Washington Post) [ Oh riiiiight! What, on the
theory that so long as you don’t hear wobama the b’s (for b***s***) words which
invariably belie his actions or non-actions, it’ a victory for wobama? I don’t
think so; nor does the overwhelming, including the unpolled, majority! Is
Obama’s fate written in numbers? Recent economic data amounts to a
formidable headwind for any incumbent president hoping for a second term. And
Democrats worry time is running out. (Washington Post) [ Let’s just say the
fate of ‘wobama the b’ (for b***s***) is written, period. Quite simply, he’s
done! Here’s a picture of obama voters / backers: http://www.albertpeia.com/wobamavoters.gif . ‘Don’t cry for him new argentina, the truth
is he really screwed you’ … well you know that familiar theme and can ad lib,
insert your own words!
It’s
still Obama’s party Why he won’t face a primary challenge: Republicans and
racial politics. (Washington Post) [
It’s true … so right you are! Al Gore’s even pitchin’ in by donating the
talents of his long lost secret love child, ‘Leslie Gore’ to pen and sing a
song in wobama’s honor (kidding) which goes something like this , ‘It’s his
party and he’ll cry if he wants to, cry if he wants to, cry if he wants to, you
would cry too, if obama happened to you
… Well, there you go … if the song says
it it must be true. Yeah! And those dern republicans and their racial politics
… UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE...‘ignore cases that involve black
defendants and white victims' – Time to get whitey, at last, at last, etc., say
holder / wobama who go on to say ‘and they ain’t talking about Whitey Bulger,
the mobster, either!’ The
powerless president Obama remains
indecisive, and ignored, as larger forces bring down the country. Robinson:
S&P downgrades the GOP (Washington Post) [ Riiiiight! It’s
everything but ‘wobama the b’ (for b***s***) that’s to blame for the nation’s
meltdown according to wobama aficionados / intractable wobama apologists,
Messieurs Milbank and Robinson. Sweet Mr. Milbank even points to wobama’s
personal character flaws (among many unmentioned) to exculpate the failed
president wobama. Wobama’s failed miserably and yet had the easiest act in the
world to follow in the persona of fellow failed president war criminal dumbya
bush whose failed policies up to the real start of the election cycle he’s
largely followed. After all, Mr. Robinson, how different really are the parties
these days when profligate spending on illegal, unnecessary wars was continued
when democrats controlled congress, and then even the executive office when
continuing failed president and war criminal dumbya bush’s nation bankrupting,
nation destroying war policies, protection for unprecedentedly huge wall street
frauds, bush tax cut extensions for the wealthy, and then some (spending on top
of it). Drudgereport:
HARRY
BELAFONTE: Obama 'has failed'...
NOONAN: 'HE IS A LOSER'...
GALLUP: 40%
APPROVAL...
Obama takes
debt battle to TWITTER, loses more than 33,000 followers...
FARRAKHAN:
'THAT'S A MURDERER IN THE WHITE HOUSE'...
http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
The following is my
comment to an LA Times article regarding a Justice Department cover-up! As for
your inquiry, all I think about day and night is a long overdue resolution to
the RICO litigation as set forth therein:
I believe him!
Here’s some real,
complicit cover-up / fraud on the part of the federal government, et als:
October 15, 2010 (*see
infra {ultimately delivered by UPS})
Steven M. Martinez,
Assistant Director In Charge
Federal Bureau of Investigation, USDOJ
11000 Wilshire Blvd., Suite 1700
Los Angeles, CA 90024
Dear Sir:
I enclose herewith 3
copies of the within DVD rom autorun disk (which will open in your computer’s
browser) as per your office’s request as made this day (the disk and contents
have been scanned by Avast, McAfee, and Norton which I’ve installed on my
computer to prevent viral attacks / infection and are without threat). I also
include 1 copy of the DVD as filed with the subject court as referenced therein
(which files are also included on the aforesaid 3 disks in a separate folder
named ‘112208opocoan’). The (civil) RICO action (as you’re aware, the RICO Act
is a criminal statute which provides a civil remedy, including treble damages
and attorney fees, as an incentive for private prosecution of said claims
probably owing to the fact that the USDOJ seems somewhat overwhelmed and in
need of such assistance given the seriousness and prevalence of said violations
of law which have a corrupting influence on the process, and which corruption
is pervasive). A grievance complaint against Coan was also filed concurrently
with the subject action and held in abeyance pending resolution of the action
which was illegally dismissed without any supporting law and in contravention
of the Order of The Honorable Robert N. Chatigny, Chief Judge, USDC, District
Connecticut. The files below the horizontal rule are the referenced documents
as filed. (Owing to the damage to the financial interests of both the U.S. and
the District of Congresswoman Roybal-Allard, viz., Los Angeles, the Qui Tam
provisions of the Federal False Claims
Act probably would apply and I would absent resolution seek to refer the within
to a firm with expertise in that area of the law with which I am not familiar).
The document in 5 pages
under penalty of perjury I was asked to forward to the FBI office in New Haven
is probably the best and most concise summary of the case RICO Summary to
FBI Under Penalty of Perjury at Their Request (5
pages) [
ricosummarytoFBIunderpenaltyofperjury.pdf http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf
].
The correspondence I
received from the Congresswoman by way of email attachment (apparent but
typical problem with my mail) along with my response thereto is included on the
3 disks as fbicorrespondencereyes.htm
. With regard to the calls to the FBI’s LA and New Haven, CT
offices: There was one call to the LA office and I was referred to the Long
Beach, CA office where I personally met with FBI Agent Jeff Hayes to whom I
gave probative evidentiary documents of the money laundering which he confirmed
as indicative of same (he was transferred from said office within approximately
a month of said meeting and his location was not disclosed to me upon inquiry).
The matter was assigned to FBI Agent Ron Barndollar and we remained in touch for
in excess of a decade until he abruptly retired (our last conversation prior to
his retirement related to the case and parenthetically, Rudy Giuliani whose
father I stated had been an enforcer for the mob to which he registered
disbelief and requested I prove it, which I did – he served 12 years in prison,
aggravated assault/manslaughter? – and no, there is no Chinese wall of
separation – Andrew Maloney’s the one that prosecuted gotti).
In contradistinction to the
statement in said correspondence, there is a plethora of information including
evidence supporting the claims set forth in the RICO VERIFIED COMPLAINT (see
infra). Such includes and as set forth in the case, inter alia,
There is applicable
insurance / surety coverage and neither LA, nor creditors, nor I should
continue to have been damaged by this brazened corrupt and illegal scenario,
which should be resolved in accordance with the meaningful rules of law
apposite thereto.
Sincerely,
Albert L. Peia
611 E. 5th
Street, #404
Los Angeles, CA 90013
(213) 219-**** (cell
phone)
(213) 622-3745 (listed
land line but there are unresolved problems with the line, computer connection
may be the reason but I hesitate to chance greater non-performance / worsening
by their ‘fix’ so cell phone best for contact).{recent change 323-786-6651
-magic jack}
----------
*The foregoing and as
indicated therein was previously send 9-14-10 but delivery confirmation was
flawed as set forth below and my inquiries to the u.s. postal service rebuffed
(I believe tampered with inasmuch as your office could not locate same). This
cover letter (9-13-10) is on the 3 disks with navigable hyperlinks to the
subject files for ease of reference, including the files in the RICO action as
indicated. (10-15-10) I spoke with Rose, FBI, ADIC Secretary, who indicates
once again that your office has not received the aforesaid and which can
reasonably be presumed to have been tampered with, and hence, a violation of
the federal statute concerning same. (Ultimately delivered by UPS) ]
http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases against Wall Street lag despite Holder’s vows to target
financial fraud WP Obama has promised to hold Wall
Street accountable for the meltdown. America Is a Failed State Because It Won’t Prosecute Financial
Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm
Rank |
|
||
# 1 |
11,877,218 |
|
|
# 2 |
6,523,706 |
|
|
# 3 |
6,507,394 |
|
UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ignore cases that involve black
defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target
financial fraud WP | Obama has promised to hold Wall Street
accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Sincerely and Regards,
Al Peia
Show
us your debt plan A challenge to the president, his opponents — and you.
(Washington Post) [ Come on! This is disingenuously rhetorical. At the least,
you look at reality. Pervasively corrupt, defacto bankrupt america’s growth
days (and hence those rosy assumptions) are gone forever. Second, you begin
with the amount that must be cut to avoid further dollar debasement among other
obfuscating gimmicks which worsen the dismal scenario ($3 trillion over 10
years doesn’t come close to doing it). Thirdly, those responsible must be held
accountable (and meaningful law must count for all!). 8 More Reasons Why You Should Be Deeply Concerned That
The U.S. Government Has Lost Its AAA Credit Rating The Economic
Collapse ‘… #8
The U.S. national debt continues to get worse by the day. Just check out
what economics
professor Laurence J. Kotlikoff recently told NPR….“If you add up
all the promises that have been made for spending obligations, including
defense expenditures, and you subtract all the taxes that we expect to collect,
the difference is $211 trillion. That’s the fiscal gap” ..’ Deficits
And Stimulus Only Delay The Inevitable Collapse Bob Chapman | America is insolvent and has been so for a long
time. US
Is in Even Worse Shape Financially Than Greece: Gross When adding in all of
the money owed to cover future liabilities in entitlement programs the US is
actually in worse financial shape than Greece and other debt-laden European
countries, Pimco’s Bill Gross told CNBC Monday.
Maierhofer: ‘USA INCOME STATEMENT:Total federal spending in
2010 amounted to $3.456 trillion. Total receipts added up to $2.162 trillion.
USA Inc.'s 2010 deficit was $1.294 trillion.The 2011 federal budget is $3.7
trillion with a projected deficit of$1.6 trillion. …USA BALANCE SHEET: Consensus estimates for
unfunded obligations vary. Mary Meeker pegs the shortfall at $31 trillion,
PIMCO's Bill Gross estimates the unreported debt to be $75 trillion, while
other estimates exceed $100 trillion (these amounts are insurmountable) …’ Davis ‘This is how we pay off our current debts and I think
bondholders are simply happy to get anything out of a country that admits it
owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global
GDP) in the form of unfunded liabilities. The funniest thing about this (and
you have to laugh) is to see Conservative pundits get on TV and talk about how
we need to cut $100Bn worth of discretionary spending to "fix" this
(while continuing to spend $1Tn on the military and $1Tn on tax cuts for the
top 1% each year). There is no fixing this and even a Republican said you can’t
fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL
OUT THERE! ‘ Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back
their shares and pay dividends with what essentially is taxpayer money-- Why The Dow Will Plunge To 7,000 By 24/7 Wall St. S&P
Poised For Dropoff, Says Initial Jobless Claims Forbes /
Maureen Farrell
Markets
begin week on calmer note The positive results showed that the markets may
be able to hang on to their gains. (Washington Post) [ The frauds on wall
street et als should be criminally prosecuted, jailed, fined, and disgorgement
imposed! So what’s changed of significance (other than the
full moon and consequent effects on the lunatic wall street frauds Train
Reading: The Stock Market Is Insane
The Wall Street Journal ).
Nothing! Stocks rally on bad news, fraud,
and b***s*** alone! 3
Reasons Markets Finished Up For the Third Straight Day Wall St. Cheat Sheet 1) U.S. economic
data. According to the National Association of Home Builders, builder confidence
in the market for newly built, single-family homes – the National
Association of Home Builders/Wells Fargo Housing Market Index – was unchanged
in August at a low level of 15. Also being reported today was an assessment of
New York-area manufacturing activity, which declined for the third consecutive
month and fell short of economists’ expectations.. 2) Japan. [Come on ... If
the ‘meltdown’ proved anything it’s that Japan’s as bad as america in dealing
with and reporting reality.] Japan’s economy
contracted less than expected in the second quarter, despite a huge blow to
industry and production dealt by the March 11 earthquake and tsunami. Gross
domestic product declined at an annualized rate of 1.3% in the quarter ending
June 30. Economists had forecast a 2.5% decline.. 3) Crude futures. After
tumbling considerably over the past few weeks, crude-oil
futures began to recover today. Crude for September delivery climbed
roughly 3% today on the New York Mercantile Exchange, giving energy stocks a
boost. Exxon Mobil , BP , Marathon , and Chevron all gained over 3% today …’ In
a Downtrend, Sell a Rally (Daily FX) Latest:
Economist Who Predicted Market Crash Warns of 2012 Aftershock. See More Here. ‘Aftershock’ Book Predicts Economic Disaster Amid
Controversy Disturbing
Charts Show Economic Meltdown in 2012. See the Evidence. (Newsmax.com)
Five
Reason Stocks Are Crashing, Tips to Prepare for Meltdown (Moneynews) Unthinkable Poised to Happen on Wall Street. See Disturbing
Charts. (Newsmax.com) US Recession Is
Guaranteed: Expert CNBC.com
Europe’s
crisis and the psychology of fear (Washington Post) [ Given the reality and
magnitude of Europe’s problems going forward, dwarfed only by the magnitude of
those of pervasively corrupt, defacto bankrupt america, it brings to mind the
words of the former Intel CEO (co-founder) Andy Grove ‘ Only the paranoid
survive’ (of course, having survived the Nazis and escaped Communist-controlled
Hungary in Europe, as a jew, one has to assume his perspective / outlook was
somewhat ‘skewed’ thereby). Yet, let’s not kid ourselves to the point where
virtual survival is threatened and at stake as is so for the EU. America
isn’t alone in the downgrade spiral (WP) Indeed, the EU has followed the
contra-indicated perma war, evermore worthless Weimar currency, and a
predispositon / tacit acceptance of paper securities schemes / scams / frauds
which are integral to america’s ongoing, albeit obfuscated, debacle / crisis
which given the unfunded debt load pegged at $211 Trillion among other estimates,
is insurmountable and will end quite badly.
Poll:
Sharp dissatisfaction with D.C. The public doubts the government can fix
the nation’s economic problems, Post poll shows. An
unlikely landlord: Uncle Sam (WP) [
No surprise there (the doubts)! Uncle
Scam as landlord? Sounds like a typical scam / fiasco / debacle in the making! Add limey
(brits)-looking (green) frogs (french) to the mix(ed up) in the pervasively
corrupt defacto bankrupt disunited states
Italy
unveils plan to calm fears of escalating crisis (WP) [ Yeah, dem piigs were back in the news. ’ Dem PIIGS still got problems. Europe’s
debt crisis threatens Italy (WP) [ Yeah, dem’ darn PIIGS. Reminds me of that joke (I won’t repeat it
here except the punch line): ‘That’s black bart’s girl’. Pelosi:
‘We are not Greece’ ( but greecy
Italy Italians voice concern over Italian debt crisis scenario [ Whew! Close
call! There you go. Nothing to worry about now that wobama’s got a boehner … so
not to be so hard on them; if pelosi says it, it must be true … Not!
…Pervasively corrupt, defacto bankrupt america, they, she look pretty greecey
to me. After all, if the same’s wobama’s ‘far-reaching plan on debt’, we all
know ‘wobama the b’ (for b***s***) is total b***s*** which means like Greecey
PIIGS they’ll be back to the trough for more … slop … py. Deficits
And Stimulus Only Delay The Inevitable Collapse Bob Chapman | America is insolvent and has been so for a long
time. US
Is in Even Worse Shape Financially Than Greece: Gross When adding in all of
the money owed to cover future liabilities in entitlement programs the US is
actually in worse financial shape than Greece and other debt-laden European
countries, Pimco’s Bill Gross told CNBC Monday.
Maierhofer: ‘USA
INCOME STATEMENT:Total federal spending in 2010 amounted to
$3.456 trillion. Total receipts added up to $2.162 trillion. USA Inc.'s 2010 deficit
was $1.294 trillion.The 2011 federal budget is $3.7 trillion with a projected
deficit of$1.6 trillion. …USA
BALANCE SHEET: Consensus estimates for unfunded obligations
vary. Mary Meeker pegs the shortfall at $31 trillion, PIMCO's Bill Gross
estimates the unreported debt to be $75 trillion, while other estimates exceed
$100 trillion (these amounts are insurmountable) …’ Famed economist predicts
economic calamity in 2012. See the evidence.Newsmax http://w3.newsmax.com/a/aftershockb/video.cfm?promo_code=CA79-1 Watch for fake gov’t data / reports owing to
political desperation! Why
You Shouldn't Buy Into This Plunge Forbes/O'Neil‘The
market is building momentum to the downside’.
Wall Street
closes worst week since '08 with wild day NEW YORK (Reuters) S&P
on U.S. downgrade: Debt pact 'falls short' - Reuters S&P
downgrades US credit rating from AAA S&P
Shocks the U.S. with Credit Downgrade to AA+ from Prestigious AAA Rating Wall St. Cheat Sheet What
Recovery? Forbes ‘…we can’t call this a recovery. There’s no
reason to celebrate when a job report was better than expected. Why? Because
the expectation was abysmal to begin with. And while we’re at it, we can’t
ignore increasing sovereign debt problems in Europe…’ ‘Top
3 Reasons Markets Erased the Year’s Gains Wall St. Cheat Sheet
1) Japan and Europe 2) Unemployment.3) Capital goods - billions of
dollars in lost revenue. Financial
Crisis Phase II Is Ahead at Forbes Bert Dohmen ‘ In late 2007, I wrote the book Prelude
To Meltdown, predicting the global crisis that
occurred the following year. I now see a similar confluence of events
that warns of phase II of the global crisis… My work shows that “the new
recession has started.”… Over the past 33 years, we have called the start of every
recession, often on the exact month, or within one month, of the official start
as determined one year later by the official arbiter of recession, the National
Bureau of Economic Research (NBER)… However, inflation is far understated for
political reasons. Currently, the GDP deflator is 1.8%, which hardly reflects
the true rise in prices. Therefore, what is counted as “growth,” is actually
price increases. Actual inflation, according to free market economists who
calculate inflation as it was done in 1980 before the politician re-engineered
it, is now more than 11%. Using that to adjust GDP for inflation, would show
that the economy is now in a very sharp contraction…’FLASHBACK HERE: Selling
In May Is Very Good Advice This Year Harding
Remember: Sell in May and Go Away and If You’ve Not Sold by
June, You’re a Loon! ‘ ‘Albert Edwards: Thinks the Market Could Fall 70%’ [
He’s not alone! PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Stock
Market: 4 Current Warning Signs
Navin ‘…1) The
5-year high in the level of insider corporate stock sales is telling. At 565
sells for every 1 buy, it’s never been higher.
Krauthammer:
Our political system is working well (Washington Post) [ Wow! There was a time back
in the late sixties, early seventies when there were these long-haired people
chastised by the so-called ‘establishment’ that would have just loved to be
doin’ whatever it is that Mr. Krauthammer’s been doing to arrive at such a
conclusion, so glaringly devoid of any reality whatsoever. Psychedelics,
hallucinogens, magic mushrooms; what could it be that has brought Mr.
Krauthammer into this fantasy world where even ‘Alice’ of Wonderland fame might
feel comfortable in this netherland (sic) / netherworld created from the depths
of Mr. Krauthammer’s imagination. I’m truly at a loss for words. After all, the
warning by the underrated but great President General Eisenhower of the
impending inherent danger of the military industrial complex came to fruition
with the assassination of JFK and the reality of a coup d’etat thereby. All
presidents, along with the two remaining branches of the pervasively corrupt,
defacto bankrupt american government since have been at best stooges for such
as the military industrial complex, the banksters / frauds on wall street,
etc., to the substantial detriment of the vast majority in this country and
throughout the world (ie., perma wars, huge securities frauds still extant /
now marked to anything as per congressional FASB rule change, and unprosecuted.
Beyond the immediate reach, or at least ‘penetration’ of american propaganda,
an intelligent and astute individual, Legendary
Investor Jeremy Grantham: America is a Banana Republic Washington’s Blog | Just different
bananas perhaps? { Of course this is absolutely true! And not just from the
meaningfully lawless perspective – I had made such a statement on the record in
a LA Superior Court Appellate Dept. proceeding in which said court literally
ignored the law (the same is true of the costly, plushly accoutered lifetime
appointee federal courts) which courts should indeed be abolished in these
difficult economic / budgetary times. Additionally, from pervasive corruption,
to debased over-printed currency, to gunboat diplomacy, to total incompetence,
etc., america is indeed a banana republic at most. } I didn’t see the debates {what does it
matter what they say – the egregious ‘wobama the b’ (for b***s***) fatigue
factor / experience} nor have I read Mr. Robinson’s article, ‘GOP
Debate Land’ but I’m sure I’d agree with his conclusion, ‘I didn’t recognize the America the GOP
candidates described;’ but unfortunately, I do recognize the pervasively
corrupt, defacto bankrupt america of ‘wobama the b’ (for b***s***), failed
president like his predecessor, moron war criminal dumbya bush, that he is. The
powerless president Obama remains
indecisive, and ignored, as larger forces bring down the country. Robinson:
S&P downgrades the GOP (WP) [
Riiiiight! It’s everything but ‘wobama the b’ (for b***s***) that’s to blame
for the nation’s meltdown according to wobama aficionados / intractable wobama
apologists, Messieurs Milbank and Robinson. Sweet Mr. Milbank even points to
wobama’s personal character flaws (among many unmentioned) to exculpate the
failed president wobama. Wobama’s failed miserably and yet had the easiest act
in the world to follow in the persona of fellow failed president war criminal
dumbya bush whose failed policies up to the real start of the election cycle
he’s largely followed. After all, Mr. Robinson, how different really are the
parties these days when profligate spending on illegal, unnecessary wars was
continued when democrats controlled congress, and then even the executive
office when continuing failed president and war criminal dumbya bush’s nation
bankrupting, nation destroying war policies, protection for unprecedentedly
huge wall street frauds, bush tax cut extensions for the wealthy, and then some
(spending on top of it).
Drudgereport:
HARRY
BELAFONTE: Obama 'has failed'...
NOONAN: 'HE IS A LOSER'...
GALLUP: 40%
APPROVAL...
Obama takes
debt battle to TWITTER, loses more than 33,000 followers...
FARRAKHAN:
'THAT'S A MURDERER IN THE WHITE HOUSE'...
Most importantly, realize that if
wobama’s actions had not belied his words/campaign promises, the nation’s
position, though still ominous, would have been substantially improved.
Poll:
Sharp dissatisfaction with D.C. The public doubts the government can fix
the nation’s economic problems, Post poll shows. An
unlikely landlord: Uncle Sam
(Washington Post) [ No surprise there (the doubts)! Uncle as landlord? Sounds like a typical scam
/ fiasco / debacle in the making! Add limey (brits)-looking (green) frogs
(french) to the mix(ed up) in the pervasively corrupt defacto bankrupt
disunited states Italy
unveils plan to calm fears of escalating crisis (Washington Post) [ Yeah, dem piigs were back
in the news. ’ Dem PIIGS still got
problems. Europe’s
debt crisis threatens Italy (WP) [ Yeah, dem’ darn PIIGS. Reminds me of that joke (I won’t repeat it
here except the punch line): ‘That’s black bart’s girl’. Pelosi:
‘We are not Greece’ ( but greecy
Italy Italians voice concern over Italian debt crisis scenario [ Whew! Close
call! There you go. Nothing to worry about now that wobama’s got a boehner … so
not to be so hard on them; if pelosi says it, it must be true … Not!
…Pervasively corrupt, defacto bankrupt america, they, she look pretty greecey
to me. After all, if the same’s wobama’s ‘far-reaching plan on debt’, we all
know ‘wobama the b’ (for b***s***) is total b***s*** which means like Greecey
PIIGS they’ll be back to the trough for more … slop … py. Deficits
And Stimulus Only Delay The Inevitable Collapse Bob Chapman | America is insolvent and has been so for a long
time. US
Is in Even Worse Shape Financially Than Greece: Gross When adding in all of
the money owed to cover future liabilities in entitlement programs the US is
actually in worse financial shape than Greece and other debt-laden European
countries, Pimco’s Bill Gross told CNBC Monday.
Maierhofer: ‘USA
INCOME STATEMENT:Total federal spending in 2010 amounted to
$3.456 trillion. Total receipts added up to $2.162 trillion. USA Inc.'s 2010
deficit was $1.294 trillion.The 2011 federal budget is $3.7 trillion with a projected
deficit of$1.6 trillion. …USA
BALANCE SHEET: Consensus estimates for unfunded obligations
vary. Mary Meeker pegs the shortfall at $31 trillion, PIMCO's Bill Gross
estimates the unreported debt to be $75 trillion, while other estimates exceed
$100 trillion (these amounts are insurmountable) …’ Famed economist predicts
economic calamity in 2012. See the evidence.Newsmax http://w3.newsmax.com/a/aftershockb/video.cfm?promo_code=CA79-1 Watch for fake gov’t data / reports owing to
political desperation! Why
You Shouldn't Buy Into This Plunge Forbes/O'Neil‘The
market is building momentum to the downside’.
Wall
Street closes worst week since '08 with wild day NEW YORK (Reuters) S&P
on U.S. downgrade: Debt pact 'falls short' - Reuters S&P
downgrades US credit rating from AAA S&P
Shocks the U.S. with Credit Downgrade to AA+ from Prestigious AAA Rating Wall St. Cheat Sheet What
Recovery? Forbes ‘…we can’t call this a recovery. There’s no
reason to celebrate when a job report was better than expected. Why? Because
the expectation was abysmal to begin with. And while we’re at it, we can’t
ignore increasing sovereign debt problems in Europe…’ ‘Top
3 Reasons Markets Erased the Year’s Gains Wall St. Cheat Sheet
1) Japan and Europe 2) Unemployment.3) Capital goods - billions of
dollars in lost revenue. Financial
Crisis Phase II Is Ahead at Forbes Bert Dohmen ‘ In late 2007, I wrote the book Prelude
To Meltdown, predicting the global crisis that
occurred the following year. I now see a similar confluence of events
that warns of phase II of the global crisis… My work shows that “the new
recession has started.”… Over the past 33 years, we have called the start of
every recession, often on the exact month, or within one month, of the official
start as determined one year later by the official arbiter of recession, the
National Bureau of Economic Research (NBER)… However, inflation is far
understated for political reasons. Currently, the GDP deflator is 1.8%, which
hardly reflects the true rise in prices. Therefore, what is counted as
“growth,” is actually price increases. Actual inflation, according to free
market economists who calculate inflation as it was done in 1980 before the
politician re-engineered it, is now more than 11%. Using that to adjust GDP for
inflation, would show that the economy is now in a very sharp
contraction…’FLASHBACK HERE: Selling
In May Is Very Good Advice This Year Harding
Remember: Sell in May and Go Away and If You’ve Not Sold by
June, You’re a Loon! ‘ ‘Albert Edwards: Thinks the Market Could Fall 70%’ [
He’s not alone! PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Stock
Market: 4 Current Warning Signs
Navin ‘…1) The
5-year high in the level of insider corporate stock sales is telling. At 565
sells for every 1 buy, it’s never been higher.
European
economies brace as Germany slows Discouraging news about the pace of growth
came just hours before German and French leaders called for new steps to impose
discipline on governments whose lax budget practices prompted the debt crisis.
(
The complete url: http://www.albertpeia.com/stansberrysinvestmentadvisory.flv
) http://www.albertpeia.com/stansberrysinvestmentadvisory.mp4 Written text of presentation (without
pictures / charts)] [A lot of pre-election year obfuscation,
manipulation but the debacle is already here:
Harry Dent, Jr. Economy will be in a
Depression by 2011
Dow will Fall to 3,800 – 4,500 by 2012
Nasdaq will Fall Below 1,100, its 2002 low, by late 2010 or mid-2012 at
the latest.
U.S. Dollar will Decline
Housing will Decline by 40 – 60% from Today’s Levels
Greatest Economic and Banking Crisis since the 1930s will Occur Between
2010 and 2012). Forecasts from
Dent, Napier, and then Prechter: Depression is
Imminent The Dow Jones Industrial Average will go down to at least 1000, most
likely to below 777 which was the starting point of its mania back in August
1982, and quite likely drop below 400 at one or more times during the bear
market.
The following is my
comment to an LA Times article regarding a Justice Department cover-up! As for
your inquiry, all I think about day and night is a long overdue resolution to
the RICO litigation as set forth therein:
I believe him!
Here’s some real,
complicit cover-up / fraud on the part of the federal government, et als:
October 15, 2010 (*see
infra {ultimately delivered by UPS})
Steven M. Martinez,
Assistant Director In Charge
Federal Bureau of Investigation, USDOJ
Dear Sir:
I enclose herewith 3 copies
of the within DVD rom autorun disk (which will open in your computer’s browser)
as per your office’s request as made this day (the disk and contents have been
scanned by Avast, McAfee, and Norton which I’ve installed on my computer to
prevent viral attacks / infection and are without threat). I also include 1
copy of the DVD as filed with the subject court as referenced therein (which
files are also included on the aforesaid 3 disks in a separate folder named
‘112208opocoan’). The (civil) RICO action (as you’re aware, the RICO Act is a
criminal statute which provides a civil remedy, including treble damages and
attorney fees, as an incentive for private prosecution of said claims probably
owing to the fact that the USDOJ seems somewhat overwhelmed and in need of such
assistance given the seriousness and prevalence of said violations of law which
have a corrupting influence on the process, and which corruption is pervasive).
A grievance complaint against Coan was also filed concurrently with the subject
action and held in abeyance pending resolution of the action which was
illegally dismissed without any supporting law and in contravention of the
Order of The Honorable Robert N. Chatigny, Chief Judge, USDC, District
Connecticut. The files below the horizontal rule are the referenced documents
as filed. (Owing to the damage to the financial interests of both the U.S. and
the District of Congresswoman Roybal-Allard, viz., Los Angeles, the Qui Tam
provisions of the Federal False Claims
Act probably would apply and I would absent resolution seek to refer the within
to a firm with expertise in that area of the law with which I am not familiar).
The document in 5 pages
under penalty of perjury I was asked to forward to the FBI office in New Haven
is probably the best and most concise summary of the case RICO Summary to
FBI Under Penalty of Perjury at Their Request (5
pages) [
ricosummarytoFBIunderpenaltyofperjury.pdf http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf
].
The correspondence I
received from the Congresswoman by way of email attachment (apparent but
typical problem with my mail) along with my response thereto is included on the
3 disks as
fbicorrespondencereyes.htm . With regard to
the calls to the FBI’s LA and New Haven, CT offices: There was one call to the
LA office and I was referred to the Long Beach, CA office where I personally
met with FBI Agent Jeff Hayes to whom I gave probative evidentiary documents of
the money laundering which he confirmed as indicative of same (he was
transferred from said office within approximately a month of said meeting and
his location was not disclosed to me upon inquiry). The matter was assigned to
FBI Agent Ron Barndollar and we remained in touch for in excess of a decade
until he abruptly retired (our last conversation prior to his retirement
related to the case and parenthetically, Rudy Giuliani whose father I stated
had been an enforcer for the mob to which he registered disbelief and requested
I prove it, which I did – he served 12 years in prison, aggravated
assault/manslaughter? – and no, there is no Chinese wall of separation – Andrew
Maloney’s the one that prosecuted gotti).
In contradistinction to
the statement in said correspondence, there is a plethora of information
including evidence supporting the claims set forth in the RICO VERIFIED COMPLAINT (see
infra). Such includes and as set forth in the case, inter alia,
There is applicable
insurance / surety coverage and neither LA, nor creditors, nor I should
continue to have been damaged by this brazened corrupt and illegal scenario,
which should be resolved in accordance with the meaningful rules of law
apposite thereto.
Sincerely,
Albert L. Peia
611 E. 5th
Street, #404
Los Angeles, CA 90013
(213) 219-**** (cell
phone)
(213) 622-3745 (listed
land line but there are unresolved problems with the line, computer connection
may be the reason but I hesitate to chance greater non-performance / worsening
by their ‘fix’ so cell phone best for contact).{recent change 323-786-6651
-magic jack}
----------
*The foregoing and as
indicated therein was previously send 9-14-10 but delivery confirmation was
flawed as set forth below and my inquiries to the u.s. postal service rebuffed
(I believe tampered with inasmuch as your office could not locate same). This
cover letter (9-13-10) is on the 3 disks with navigable hyperlinks to the
subject files for ease of reference, including the files in the RICO action as
indicated. (10-15-10) I spoke with Rose, FBI, ADIC Secretary, who indicates
once again that your office has not received the aforesaid and which can
reasonably be presumed to have been tampered with, and hence, a violation of
the federal statute concerning same. (Ultimately delivered by UPS) ]
http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases against Wall Street lag despite Holder’s vows to target
financial fraud WP Obama has promised to hold Wall
Street accountable for the meltdown. America Is a Failed State Because It Won’t Prosecute Financial
Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm
Rank |
|
||
# 1 |
11,877,218 |
|
|
# 2 |
6,523,706 |
|
|
# 3 |
6,507,394 |
|
UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ignore cases that involve black
defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target
financial fraud WP | Obama has promised to hold Wall
Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Sincerely and Regards,
Al Peia
The
new Manchurian candidate The sad facts behind Rick Perry’s Texas ‘miracle’.
(Washington Post) [ I haven’t looked too closely at this yet. After all, bushed
of bushes and then there was johnson who’ve really done enough damage to
warrant looking askance. Yet, there’s Ross Perot (not running) and Ron Paul;
and of course, the great but substantially underrated President General
Eisenhower was born there though raised in Kansas. To his credit, he’s railed
against the incompetent wall street fraud oriented fed though one must still
say of same, better late than never. It’s that bushie / johnson war thing that
gives pause. Then there’s the gore / lieberman / nafta / now / bilderberg
connection … what’s up with that? (to quote Keenan Thompson of SNL fame). Then
there’s the Austin, Texas – based infowars.com / prisonplanet.com / Jone
contingent who remain unconvinced: Tell
Rick Perry that there was NO ‘Texas Miracle’ Len Hart | The only pockets lined by GOP largesse (pork) are
the pockets of an increasingly tiny ruling elite now just 1 percent of the
total US population. Rick Perry’s Campaign Strategy: Become Ron Paul Steve
Watson | Texas Governor promotes fiscal responsibility while his own state sits
on a $13.4 billion deficit.
Stocks
end 3-day rally U.S. stocks fall after a weak growth report in Europe
rekindled fears about a global economic slowdown. (Washington Post) [ Let’s not
kid ourselves, if it’s ‘not happening’ in Germany, it’s not happening;
b***s***, spin, and politicking aside. Japan’s numbers, bad as they were, are
too americanized to be believed and pervasively corrupt, defacto bankrupt
american numbers are just plain ‘american’ (which if you’re not paying
attention, is very negative. The
frauds on wall street et als should be criminally prosecuted, jailed, fined,
and disgorgement imposed! So what’s changed of
significance (other than previous full moon and consequent effects on the
lunatic wall street frauds Train
Reading: The Stock Market Is Insane
The Wall Street Journal ).
Nothing! Stocks rally off lows on bad news,
fraud, and b***s*** alone! There's
A Recession Coming According To The Data at Forbes , Dell braces investors for a bumpy road 16 Aug 2011 Dell
makes a case on why it can better weather an upcoming storm, S&P
says sell Google's shares after Motorola deal , STOCKS
FALL AFTER FLOOD OF BAD NEWS: Here's What You Need To Know Joe Weisenthal , Stocks
Slip On Concern Over Europe's Debt, U.S. Data , Watch
Out: 2011 Looks A Lot Like The Market Top In 2007
Sean Hanlon Take
A Lesson From 2007 And Sell Stocks Now at
Forbes, [video]
Trader: We Could Test 1120 Lows at
TheStreet.com In
a Downtrend, Sell a Rally (Daily FX) Latest:
Economist Who Predicted Market Crash Warns of 2012 Aftershock. See More Here. ‘Aftershock’
Book Predicts Economic Disaster Amid Controversy Disturbing
Charts Show Economic Meltdown in 2012. See the Evidence. (Newsmax.com)
Five
Reason Stocks Are Crashing, Tips to Prepare for Meltdown (Moneynews) Unthinkable Poised to Happen on Wall Street. See Disturbing
Charts. (Newsmax.com) US Recession Is
Guaranteed: Expert CNBC.com Absolutely nothing, yet a manipulated computer-programmed
( high frequency
trading bots ) churn-and-earn suckers’ rally based on desperation,
fraud and b***s*** alone (ie., backward looking, ‘revisions’, faked data, etc.)
to keep suckers suckered, which makes for an especially great opportunity to
sell / take profits since there’s much, much worse to come
Perry
attack puts pressure on Fed ANALYSIS | The central bank is supposed to make
its decisions based on economics, not politics. Perry
takes aim at Bernanke (Washington
Post) [ When you’re right, you’re right. Can’t take that away from him. What
can the Federal Reserve do? With the U.S. economy at risk of a double-dip
recession, the central bank lacks tools to do anything. (Washington Post) [ Oh
I’d say they’ve done quite enough … wouldn’t you? … Is
Bernanke Failing His Fed Mission Or Just Delusional? at Forbes Robert Barone [ How ‘bout both! I mean, come on! This
catering to fraudulent wall street was a loser ab initio! That so-called
‘wealth effect’ market froth was used previously by senile ‘maestro’ greenspan
and failed miserably except for the frauds on wall street who commissioned up
and down; and, make no mistake, those computer-programmed high-frequency
trading volumes have now been maximized for nation-economy-draining profits for
the frauds like never before and have never been higher. The QE and
dollar-debasement policies were always predictably inflationary, ultimately
hyperinflationary, particularly for stocks; that ‘feel good’ obfuscation that
was but in reality good only for the frauds on wall street. No, there is no
modern day alchemy that spins worthless paper into gold except fraudulently for
the frauds on wall street who’ve literally oftimes done exactly that; ‘cashing
out’ for hard currency and gold, precious metals, at everyone else’s expense
including main street. ] In
his June 7 speech, Fed Chairman Ben Bernanke stated, “the best way for the Federal
Reserve to support the fundamental value of the dollar in the medium term is to
pursue our dual mandate of maximum employment and price stability, and we will
certainly do that.”
.. Bernanke’s results ..
since Ben took the reins:
Feb ’06 – April ’11
Items in a Typical Budget |
% Change |
Food and Beverages |
16.54% |
Water and sewer and trash collection services |
31.88% |
Rent of primary residence |
13.82% |
Housing |
8.68% |
Fuels and Utilities |
11.93% |
Apparel |
4.83% |
Medical Care |
20.11% |
Gasoline (all types) |
65.12% |
Transportation |
23.36% |
Tuition, other school fees, and childcare |
29.28% |
Recreation |
2.87% |
.. The
standard unemployment rate most often used by the Fed is currently at 9.1%, up
90% since Bernanke started. The more inclusive (realistic) U6 number
stands at 15.8%, up 75% in the same period. The Civilian Participation
Rate has declined 2.87% to 64.2%.
This is the lowest level
the U.S. has seen since March, 1984. The decline amounts to 8,946,844
fewer Americans in the labor force. Had they not dropped out because of a
lack of jobs, the “official” unemployment rate would be significantly
higher. While we can debate the meaning of the term maximum employment,
it is clear that the jobs data has deteriorated considerably since Bernanke
took the reins at the Fed. ..
In conclusion, it is
evident that Ben Bernanke is failing his mandates. We believe it must
come down to one of the following reasons:
1.
Bernanke does not know how to achieve his mandates;
2.
The policy tools employed don’t work;
3.
He does not have the ability to implement policies that would work;
4.
He is not trying to achieve his mandates;
5.
He has goals other than his legal mandates;
6.
He does not look at the data, and believes he is succeeding.
Matt Marcewicz
& Robert Barone, Ph.D... ‘
Market
plunge reawakens recession fears Bleak numbers for U.S. jobs, housing and
manufacturing compounded the anxiety over European woes, sparking a market
sell-off and wiping out the major U.S. indexes’ gains from earlier this week.
(Washington Post) [ The frauds on wall street
et als should be criminally prosecuted, jailed, fined, and disgorgement imposed! Train
Reading: The Stock Market Is Insane
The Wall Street Journal Stocks rally off lows to suck
suckers in and keep suckers sucked in on bad news (Jobless
Claims, Inflation Rise More Than Expected CNBC) , fraud ( SEC destroyed documents, senator says ), and b***s*** alone! MKM
Bracing For SPY To Drop 8% More; Nasdaq Nearing August Lows Barrons.com, WHY NEW
LOWS ARE LIKELY 8-18-11 Maierhofer, Is It 2008 Again?
Looking at the Summer Crash of 2011 Gayed ‘A real bear market
has begun …’ ,
Abandon Ship?[The USS
Titanic] Yes, Because of These 5 Bearish Icebergs ... McGill ,
There's
A Recession Coming According To The Data at Forbes , HP, Dell
hammered as tech-spending outlook darkens JDSU, NetApp, disappointing figures, shares hit hard in
after-hours trade Dell braces investors for a bumpy road Dell makes a case on
why it can better weather an upcoming storm
, S&P
says sell Google's shares after Motorola deal , STOCKS
FALL AFTER FLOOD OF BAD NEWS: Here's What You Need To Know Joe Weisenthal , Stocks
Slip On Concern Over Europe's Debt, U.S. Data , Watch
Out: 2011 Looks A Lot Like The Market Top In 2007
Sean Hanlon Take
A Lesson From 2007 And Sell Stocks Now at
Forbes, [video]
Trader: We Could Test 1120 Lows at
TheStreet.com In
a Downtrend, Sell a Rally (Daily FX) Latest:
Economist Who Predicted Market Crash Warns of 2012 Aftershock. See More Here. Famed
economist predicts economic calamity in 2012. See the evidence.Newsmax http://w3.newsmax.com/a/aftershockb/video.cfm?promo_code=CA79-1 50%
unemployment, 90% stock market drop, 100% inflation. See the Evidence (Newsmax.com) Five
Reason Stocks Are Crashing, Tips to Prepare for Meltdown (Moneynews) Unthinkable Poised to Happen on Wall Street. See Disturbing
Charts. (Newsmax.com) US Recession Is
Guaranteed: Expert CNBC]
Obama
issues first explicit call for Syrian president to resign The rhetorical
escalation was backed by sanctions designed to undermine military operations. (
It’s
still Obama’s party Why he won’t face a primary challenge: Republicans and
racial politics. (
Drudgereport: BLACK
CAUCUS ON OBAMA: 'WE'RE GETTING TIRED' [ Not as tired of wobama’s
b***s*** / excuses as the ‘White Caucus’ and any other Caucus – but, don’t be
taken in by their b***s***; they’ll ‘back the black’ every time,
regardless! ]New
low of 26% approve of Obama on economy...
Inflation
builds...
FOOD PRICES
RISING...
UNEMPLOYMENT
UP...
OBAMA TO LAY
OUT JOBS PLAN -- AFTER VACATION...
'Takes More
Vacations Than Any Human Being I've Ever Seen'...
Commiserates
with jobless, then off to the Vineyard...
Even
that italian, belafonte, isn’t buying ‘wobama brand(ed)’:
Drudgereport:
HARRY
BELAFONTE: Obama 'has failed'...
NOONAN: 'HE IS A LOSER'...
GALLUP: 40%
APPROVAL...
Obama takes
debt battle to TWITTER, loses more than 33,000 followers...
FARRAKHAN:
'THAT'S A MURDERER IN THE WHITE HOUSE'...
http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases against Wall Street lag despite Holder’s vows to target
financial fraud WP Obama has promised to hold Wall
Street accountable for the meltdown. America Is a Failed State Because It Won’t Prosecute Financial
Crime
Rank |
|
||
# 1 |
11,877,218 |
|
|
# 2 |
6,523,706 |
|
|
# 3 |
6,507,394 |
|
UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ignore cases that involve black
defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target
financial fraud WP | Obama has promised to hold Wall
Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Democrats
strike back on taxes Obama and others are gambling that voters will see
GOP’s stance as recalcitrant and out-of-touch. (
Stocks
plunge on Europe’s banking worries (Washington Post) [ Oh … so that’s what
happened … those european banking worries … sure coulda’ fooled many here
stateside who are, in light of dismal realities here, yellin’, ‘look homeward
hell’s angels’. This sounds like a job for … Rosanne Rosanna Dana, formerly of SNL fame and as her mama
always used to say, which is also her hypothesis, ‘it’s always somethin’ … (but
unfortunately, that somethin’ is not necessarily what they say it is). How
‘bout the fact that stocks are substantially over-loved, over-valued owing to a
multitude of (wall street benefiting) fraudulent artifices which are intended
to obfuscate, as in the last and ongoing debacle, their most current
computerized manipulated
churn-and-earn high-frequency trading bubble-bull cycle in this unmistakably
secular bear market. The
frauds on wall street et als should be criminally prosecuted, jailed, fined,
and disgorgement imposed! Train
Reading: The Stock Market Is Insane
The Wall Street Journal Stocks rally off lows to suck
suckers in and keep suckers sucked in on bad news (Jobless
Claims, Inflation Rise More Than Expected CNBC) , fraud ( SEC destroyed documents, senator says ), and b***s*** alone! MKM
Bracing For SPY To Drop 8% More; Nasdaq Nearing August Lows Barrons.com, WHY NEW
LOWS ARE LIKELY 8-18-11 Maierhofer, Is It 2008 Again?
Looking at the Summer Crash of 2011 Gayed ‘A real bear market
has begun …’ ,
Abandon Ship?[The USS
Titanic] Yes, Because of These 5 Bearish Icebergs ... McGill , There's
A Recession Coming According To The Data at Forbes , HP, Dell
hammered as tech-spending outlook darkens JDSU, NetApp, disappointing figures, shares hit hard in
after-hours trade Dell braces investors for a bumpy road Dell makes a case on
why it can better weather an upcoming storm
, S&P
says sell Google's shares after Motorola deal , STOCKS
FALL AFTER FLOOD OF BAD NEWS: Here's What You Need To Know Joe Weisenthal , Stocks
Slip On Concern Over Europe's Debt, U.S. Data , Watch
Out: 2011 Looks A Lot Like The Market Top In 2007
Sean Hanlon Take
A Lesson From 2007 And Sell Stocks Now at
Forbes, [video]
Trader: We Could Test 1120 Lows at
TheStreet.com In
a Downtrend, Sell a Rally (Daily FX) Latest:
Economist Who Predicted Market Crash Warns of 2012 Aftershock. See More Here. Famed
economist predicts economic calamity in 2012. See the evidence.Newsmax http://w3.newsmax.com/a/aftershockb/video.cfm?promo_code=CA79-1 50%
unemployment, 90% stock market drop, 100% inflation. See the Evidence (Newsmax.com
Compendium of
Important Business / National / World News / Topics / Articles / Headlines
http://albertpeia.com/articlelinkspage3.htm
Drudgereport: TEMPLETON
chairman: Financial Crisis 'Around Corner'...
'WE ARE ON THE VERGE OF A GREAT,
GREAT DEPRESSION...'
Obama
Economists Admit: 'Stimulus' Cost $278,000 per Job...
GALLUP
SHOCK: 'REPUBLICAN' BEATS OBAMA BY 8%
GALLUP:
APPROVE DOWN TO 38%...
Highest
Negative Rating Ever...
DOJ raids
guitar factory...
UPDATE:
GIBSON GUITAR CEO slams raids as 'overreach'... [ With unprosecuted
securities fraud in the trillions, and my own experience with the ‘DOJ’ that
has covered up serious RICO crimes, etc.,
http://albertpeia.com/fbimartinezcongallard.htm http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm , I find this somewhat
incredulous in terms of priorities!]
JOBS:
ZERO...
BROKE: POST
OFFICE SYSTEM MAY SHUT DOWN ENTIRELY THIS WINTER... [Good! Let UPS
take them over … the usps is totally unreliable]
AMERICA
FALLS TO 5TH PLACE...
46.2 million
Americans are now poor...
22% of
children in poverty...
Dramatic
drop in median income...
Likely to
worsen...
POVERTY
SOARS
SETS NEW RECORD
POLL: OBAMA
41% ANY REPUBLICAN
47%...
RE-ELECT:
41%...
'AIMLESS
OBAMA WALKS ALONE'...
'Loner'...
AP:
Disconnected from reality...
STUDY: USA
not in top 10 for starting a business...
NEW
DOWNGRADE THREAT
NUMBER OF
'NEAR POOR' STARTLES CENSUS...
MSNBC
Matthews Turns On Obama...
'I
Hear Stories That You Would Not Believe'...
COMPANY
SHOCK: 'WE'RE NOT HIRING UNTIL OBAMA GONE'
OBAMA LOSES
SUPPORT FROM BLUE COLLAR DEMS...
RUSSIAN ANCHORWOMAN
FLIPS OBAMA THE BIRD...
FITCH TURNS
NEGATIVE ON US
Obama's Job
Approval Drops Below Carter's...
S&P
Downgrades Dozens Of Global Banks...
REPORT: Hank
Paulson passed inside information to fund managers...
'OBAMA IS A
CORPORATE PUPPET'...
Support
for Obamacare hits new low...
RE-ELECT AT
43%
GALLUP
SWING: OBAMA BACK DOWN TO 41% APPROVE, 50% DIS...
USA Closes
2011 With Record $15.22 Trillion In Debt, Officially At 100.3% Debt/GDP...
Levin:
Obama's Comment 'Forthright Statement Of A Dictator'...
RUBIO TO OBAMA: YOU'RE
TURNING AMERICA INTO 'DEADBEAT NATION'...
GROUP PLANS
TO FLY 'IMPEACH OBAMA' BANNER OVER SUPER BOWL...
RON PAUL
SAVAGES SANTORUM AS 'CORRUPT'...
WAR DRUMS:
Iran, Israel and US plan Gulf exercises...
Diamond
Prices 'To Jump 20%', Outperform Gold...
RUBIO SENDS WARNING LETTER TO OBAMA: DEBT SOON
'WELL ABOVE $16 TRILLION'... DEVELOPING...
7-19-12 NYC jobless
rate hits 10%...
Huge protests
against austerity cuts erupt in Spain...
...firemen
strip naked
Rubio likens
Obama to 'left-wing third-world leader'...
Former
SEAL Team Six Commander Launches Anti-Obama Offensive...
'IT'S A
FAKE'...
Sheriff
Joe's Obama probe finds 'national security threat'...
Calls
Congress to move on eligibility...
VIDEO:
'Every document surrounding Obama plagued with problems'...
NEXT:
Compton, CA, may declare bankruptcy...
3-Year-Old
Mugged in NYC...
3-year-old
boy mugged -- while sitting in stroller!
Thieves
Stripping Air Conditioning Units For Freon To Get High...
HORROR:
Naked, Blood-Soaked Man Breaks Into 2 Homes, Kills Elderly Woman... { http://albertpeia.com/anothertypicalblack.htm Do americans feel they deserve such a fate at
the hands of the uncivilized wobama blacks
}
COPS: Woman
Kept Friend's Corpse In Armchair For 18 Months, Watched NASCAR With It...
'He
Was Only Guy Who Was Ever Nice To Me'...
FLASH: Rep. Jesse Jackson Jr. 'in Rehab'...
'Persistent sleep disorder'...
Has Been Under investigation by House Ethics
Committee...
NYT: His Father's Son...
Chicago police sergeant: 'Tribal warfare' on
streets...
Comparable to Iraq, Afghanistan...
WAR DRUMS: USA moving dozens of underwater craft to
Persian Gulf...
TOURISM PLEA TO GODFATHER: Violent crime wave must be
defused...
Algorithms now 'writing' articles for newspapers and
websites...
SALES TAX
IN SPAIN JUMPS TO 21% {
That’ll work! }
Jon Voight defends Brad Pitt's mom after death threats
for anti-Obama letter...
UPDATE: Closure of Border Patrol stations across 4
states triggers alarm...
REPORT: People losing homes for as little as $400 in
back taxes...
NAACP Requires Photo ID to See Holder Speak in State
Being Sued Over Voter ID (they’re such b***s***/hypocrites)?
GODFATHER UNDER FIRE AS MURDER RATE SOARS...
Chicago Mayor Appeals to Gangsters' 'Values'...
'Don't touch the children'...
RADIO STATION REPORTS REP. JESSE JACKSON, JR
'ATTEMPTED SUICIDE'...
Questions mount...
NAACP goes wild for Eric Holder...
'O: This Will Be My Last Political Campaign No Matter
What'...
GALLUP: APPROVE SLIPS TO 44%...
POLL: US CHANGED FOR THE WORSE UNDER OBAMA ...
Boehner: Voters Need Not 'Love' Romney...
Man Who Introduced Obama At Rally Owes $500,000 To
Former Employer...
'We sort of ran out of money'...
Obama campaign threatens donors: 'We could lose if
this continues'...
Obama uses 'I' and 'me' 117 times in speech...
'Delirious' Blood-Covered Naked Man Selling Candy
Kills Motel Worker In Violent Rampage...
Man holds knife to 3-year-old's face, threatened to
cut out tongue...
Kudlow: Obama’s Goose Is Cooked...
Obama's Social Security Number challenged...
'American story' faces fresh scrutiny... {
‘By some counts, The Story presents more than three-dozen instances of
material discrepancy where Dreams fails to align with the facts as
Maraniss reports them. Case in point: Maraniss confirmed that Mr. Obama's mother,
Ann Dunham, left his father, Barack Obama, Sr., a volatile bigamist, and not
the other way around, as related in Dreams. Dreams also related
the tale of Obama's paternal grandfather, Hussein Onyango, who was said to have
been detained and tortured in a prison outside
Ann Romney
says woman being eyed for ticket...
Obama's
whole campaign strategy is 'let's kill this guy' ( That’s no exaggeration, the
predisposition of blacks toward whites; and, wobama can’t run on his record of
failure in which he’s lied and failed! ) ...
POLL: In 15
swing states, Romney leads Obama 51% to 43%...
Romney
accuses Obama of 'vicious lies' on BAIN CAPITAL...
'THE LAW I
PASSED IS HERE TO STAY' { Wobama must be back on his choom pipe
fantisizin’ again! }
Midwest
ranchers, lawmakers protest drone flyovers...
TWITTER
shares info on gov't demands for user data...
ACLU
Launches Smartphone App To Secretly Record Police Stops...
'Homeland
Security' Report Lists 'Liberty Lovers' As Terrorists...
Cannibal Updates: Boy bitten
on neck by man in 'vampire' attack...
VIDEO: Man
high on synthetic 'spice' goes on naked 'ninja' rampage...
'ZOMBIE
CANNIBAL': 'I'm a eat you'...
SCORN ON THE
4TH OF JULY: Chris Rock Mocks 'Happy White Peoples Independence Day'...
TOP BLACK
CHURCH BACKS HOLDER, BLASTS HOUSE...
Severed head
thought to belong to Canadian cannibal's butchered lover found in park...
Pregnant
woman bites off boyfriend's fingertip...
RECORD
NUMBERS OF AMERICANS ON DISABILITY
NOW Mammoth
Lakes files for bankruptcy!
Rep.
Allen West: Obama Wants Americans To 'Be His Slave'...
CHICAGOLAND:
7-Year-Old Girl Gunned Down While Selling Lemonade Outside Home...
MCCONNELL: 'Sold
to American people on a deception'...
CURL: Gift
to Romney... { This may seem somewhat counterintuitive and a bit
of a rationalization; but, it is absolutely true. So true in fact, that wobama
will come to be compared to Pyrrhus of Ephyrus (W. Greece) since realization of
what this legislation won’t do for americans and the economy and what it
actually does will not have the galvanizing effect that striking the bill down
would have had on voters who were thinking ‘another free lunch from the
government’ will save them (we all now know better, no such thing). Yes, in
somewhat European tradition, defacto bankrupt
HISTORIC:
HOUSE VOTES HOLDER IN CONTEMPT...
DEM HOODIED
BLACKS PLUS WALK OFF FLOOR...
Pelosi
botches name of slain border agent...
Adult
Chimpanzee Fatally Mauls Baby Chimp at LA Zoo...
ZIMMERMAN
PASSED POLICE LIE DETECTOR...
REPORT...
Syringes
litter NYC beach...
ZOMBIE: Man
who took synthetic drug strangles dog, starts eating it...
POLL: Obama
drops 8 points with whites...
... 13-point
plunge among young voters
Obama Asks
People Getting Married To Forgo Gifts...
Donate
To His Campaign Instead... { Wobama is so pathetic! Sure, sacrifice
for the grifter wobamas so they can continue livin’ large on the taxpayer dime
while accomplishing nothing except greater public debt to hide his failure.
This from the record holder for fundraisers, 151 and counting. Then there’s the
100 plus rounds of golf in addition to being famously over-vacationed while in
office. It’s laughable to hear him blame congress for his lack of
accomplishments when the reality is that he ‘really wasn’t there’ for any of
it. For wobama the presidency is just endless debate, rhetoric, campaigning,
vacationing, soundbites from the teleprompted speeches, jive-talk, b***s***,
and ‘choom fantasy’. He’s a total fraud and failure and anyone who buys into
election-year desperation / promises, etc., is just a fool of the worst
kind! AP: ‘…THE FACTS: Five Senate
Democrats voted against sending the DREAM Act to the Senate floor for full
consideration. The bill would have created a path to citizenship for many young
illegal immigrants brought to the
Will accept
your birthday or anniversary gifts, too...
VIDEO: Obama
Trips At Campaign Event In Tampa...
ZOMBIE:
Naked man bites off chunk of arm...
PAPER:
Obama's grandfather tortured by the British? A fantasy (like most of the
President's own memoir)... { http://albertpeia.com/wobamaschoomgangfantasy.htm }
JAILHOUSE CALLS: Zimmerman told wife to buy
bulletproof vest...
WAR ZONE: 7 Killed, Dozens Wounded During Obama Visit
to Chicago...
More killed this year than in Afghanistan...
Bill Maher: 'The Problem With Racism Is Matt
Drudge'... { Oh riiiiight! Drudge is the racist for reporting
facts/reality concerning black on every color crime along with black threats.
What can you expect from maher who is an null sum embarrassment/disgrace who
like the italian scallion had married (and I believe is now divorced from) a
black (he like booby deniro need rationalization)? } Here’s some reality for
maher who doesn’t mahter:
U.S. Cannibal
Updates: Doctors release first photos of Miami cannibal victim...
**WARNING:
Extremely graphic** [ See
here: http://albertpeia.com/blackcannibalswhitevicitm.htm ]
'Zombie
Bullets' In High Demand Following Cannibal Attacks...
COPS:
Attacker bit off large chunk of victim's face in bloody assault...
UPDATE:
SOUTH BEACH CANNIBAL WAS CARRYING BIBLE, HAD RECENTLY SMOKED POT...
NEW: Man
Threatens To Eat Cop...
'Growled,
opened and closed his jaw'...
Woman bites
wig shop owner’s bicep, spits flesh in face...
http://albertpeia.com/blackonbrowncrime.htm
http://www.albertpeia.com/whitesvictimizedbyblacks.htm
CANNIBAL
UPDATES: CRUISED MIAMI IN 2010?
COPS:
Canadian cannibal on run in France -- dressed as woman...
CANNIBAL
CAPTURED IN BERLIN...
Arrested at
Internet cafe -- looking up stories on himself!
Shady,
Master of Disguise...
{
FUGITIVE
CANNIBAL WARNED: I CAN'T STOP KILLING...
Scary
digital trail...
Gay White
Porn Star Wanted by Interpol...
CANNIBAL
STRIKES IN MARYLAND... { Yes, another black cannibal; with ties to
wobama’s home country of
SHOCK
DETAILS...
South Beach
Cannibal 'Put Under Voodoo Curse'... {Riiiiight! That voodoo thing
made him do it! Oh yeah, that and the evil white man’s bathing salts also the
culprit!}
VIDEO SHOWS
BIKES RIDING PAST SOUTH BEACH CANNIBAL ATTACK!
MORE GRISLY
DETAILS...
'BATH SALTS'
TRIGGERED SOUTH BEACH CANNIBAL { Riiiight! Fine young black
cannibal, driven cannabalistic by bath salts made by those evil white
overlords! How 'bout the inherent cannabilistic trait as manifested here; the
recurring theme of ‘Roots’, they’ll choose white meat over dark meat every
time! http://albertpeia.com/blackonwhitecrime.htm
VIDEO: Black
Student Becomes Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm
http://www.albertpeia.com/whitesvictimizedbyblacks.htm }
Flash Mob of
40 Kids Storm 7-ELEVEN over Free Slurpee Promotion, Beat Manager, Raid
Shelves...
REPORT:
Woman viciously beaten at MCDONALD'S drive-thru...
'This
is for you, you white b***ch! This is a grape soda!' { The description of the suspects - two black women and
one black man - is vague. The best clue police have to go on right now is they
were driving a light-blue Cadillac with temporary tags. }
HORROR: Mob
of 20 'hooded blacks' storm UK pub, drag man out, stab him to death...
Half of
Florida high school students fail reading test...
COPS:
19-year-old white student beaten by two separate black gangs...
Dershowitz:
Zimmerman acted in self-defense. so drop murder charge...
Evidence
Backs Up George Zimmerman's Version of Shooting...
Witness Told
Cops: Trayvon Straddling And Punching 'MMA Style'...
New evidence in Trayvon Martin case raises
more questions
Trayvon Martin's autopsy shows he had marijuana in his system the night he was
killed by neighborhood watch volunteer George Zimmerman, and a gunshot to his
chest came from close range, according to nearly 200 pages of previously
undisclosed documents released Thursday.
ABC News Exclusive: Zimmerman Medical Report Shows Broken Nose, Lacerations
After Trayvon Martin Shooting {That little (6’3”) thieving nigger was
enraged by his being thwarted in his scope-out/plundering of Zimmerman’s
neighborhood. Clearly self-defense with wounds consistent with his true story,
Zimmerman was fighting for his life and ultimately saved the citizens of
Florida from the future costs of the burgeoning violent, thieving typical
nigger-criminal trayvon martin.}
Previous: Holder sues Florida city, says firefight test racist [
Yeah, of course, because dumb niggers can’t read, ‘rite, or do ‘rithmetic!
They’re always too busy donning their little hoodies and scopin’ out
neighborhoods for their pillaging, plundering, and terrorizing! ]...
Black mob beats white man unconscious on his front
porch...
'Now that's justice for Trayvon' (they
shout in crazed nigger fashion)...
DERSHOWITZ BLASTS PROSECUTION: 'NOT ONLY IMMORAL, BUT
STUPID'... [ Indeed! And, make no mistake, I never would have
thought I’d be agreeing with Alan Dershowitz on anything: http://albertpeia.com/trayvonnewtawana.htm
]
BANG, BANG ‘…His
surprising testimony came the same day that ABC News exclusively obtained a
photograph showing the bloodied back of Zimmerman's head, which was apparently
taken three minutes after he
shot and killed Martin. The photo could give credence to Zimmerman's claim
that Martin had bashed his head against the concrete as Zimmerman fought for
his life…’
COPS:
Suspect angry over Trayvon Martin death beats up white man...
Obama as a
Boy Ate Dog Meat [ And, you can bet there’s canabalism in his line; his father
being an african ape nigger and his mother a flaky whore; you know, that
typical type that schtooped niggers back in the day! ]...
Obama
campaign tries to diversify...
...looking
to hire more African-Americans [ More dead-weight, contentious,
unproductive make-shift, make-work, costly welfare job niggers … just what the
nation, strike that, wobama campaign needs.]
Farrakhan
Warns Whites: 'Unless You Change, Your End Has Come'… [ They call this a
self-destructive manifestation of the Oedipal Effect: Goodbye niggers, aka
unevolved apes/chimps/monkeys – Your end’s already here! Your jigs are up, and you boos are down! Everyone’s onto your nigger jive! Look in the
mirror! If only you could change / evolve faster! ] ...
HOLDER PRAISES
FELLOW APE SHARPTON, ONE INCOMPETENT NIGGER TO ANOTHER ...
'SECOND
DEGREE MURDER'...
'We do not
prosecute by public pressure or by petition'[B***S***!]...Tyson on Zimmerman: 'It's a disgrace that man hasn't been shot
yet' [ Spoken like the true ape, dumb nigger he is! If he had been an extra
in ‘Planet of the Apes’, they could have saved money on make-up / costumes. The
reality is, if that were the criterion and rule, given the overwhelming
prevalence of black violence, particularly black on white violence, there’d be
a lot of dead niggers. Niggers are a scourge wherever they are; a black plague,
if you will. The reality is that in this nation, having been overrun by
niggers, americans have become the new age dinosaurs. As for tyson, the ugly
little monkey that no one wanted, now full-grown angry ape, his IQ is well
below the average 100. Ape tyson is just a disgrace, period. He’s a typical
ignorant, violent ape/nigger. Life with ape tyson, also a convicted rapist, was
described by his then (soon to be former) wife, Robin Givens, in a live
televised interview with him present (you can only imagine the unsaid) as
‘hell’. He’s mentally deranged (too many head shots?), but he does profess
typical nigger sentiment. (Mike
Tyson vs. Robin Givens: … biggest fight | Ebony ... Eight months after Mike Tyson and Robin Givens were married on Feb. ...
beatings -- she filed for divorce)
Panthers
Call For Violent Revolution, Race War, Bloodshed Against ‘Honkies’ (Video) Some typical comments: Reply:
April 11th, 2012 at 9:51 pm 11 percent of population and they always have thier
hands out begging for more.No matter how much you give them its never
enough.Filthy animals is all they are. (Absolutely correct!)
Dandroid Reply:
April 11th, 2012 at 5:47 pm
Show trial to keep the peace? Cities will burn if hes found not guilty!
Startover Reply:
April 12th, 2012 at 12:04 am
Let the cities burn, send the Army in to finish them off
George Zimmerman is totally innocent
Trayvon is a punk ass killer (also a known thief and would be in futuro typical
nigger criminal)
There is only one victim in this case and that is Zimmerman
Eduard Reply:
April 11th, 2012 at 7:28 pm
Precisely!! That was my thought. This press release sounded more like a minor
league actress thanking everyone at a Grammy Award for her success. Then again,
I can’t emphasize enough how despicable the “lawyer” field really is. There is
no shame in it. The profession is a giant conflict of interest. Moreover, the
rules of lawyer ethics always being pulpitted is nothing more than consumable
fodder for the gullible. Ethics and lawyers? Laughable isn’t it? That’s like
Lucifer passing out copies of the decalogue. This whole twist to the
“mestizo-reported-as-a-white man” Zimmerman case has notched into a renewed
effort of politicalization for formenting a racial war. …’ ]
Heroin
dealer uses welfare EBT card to post bail [ Yes, he’s a nigger; with unreported
cash drug income that gives him welfare as well! ] ...
New Black
Panther Party chief of staff apologizes after radio outburst...
'The
things that's about to happen, to these honkeys, these crackers, these pigs'...
Black
residents fearful after shootings in Tulsa… [ Now they know how the ‘white
folk’ feel, everywhere, every day, and the black on white violent crime stats
overwhelmingly prove the reality and legitimacy of that concern! Civilized
people everywhere are tired of the typical nigger b***s***! ]...
RACE WARS: ZIMMERMAN
BREAKS SILENCE...
Family
challenges Holder on New Black Panthers...
Hacked
roadsign reads: 'Trayvon a n*****'...
CNN says
'f****** n*****' on air...
Anchor:
'N*****' Should Replace 'N-word' in News Reports...
Government
Surveillance Crackdown On Internet Goes Into Overdrive...
Congressman
fears Obama power grab in 'emergency'...
Fidel Castro
mocks Obama over 'guayabera' diplomacy...
REPORT: 'Stunning lack of diversity'
in Obama's re-election campaign [ I’d say this is more embarrassing for the
self-destructive whites who are for obama; after all, who would be foolish
enough to hire the typically uncivilized, problematic, violence / crime prone,
etc., blacks? ] ... { to be fair and balanced,
the RICO litigation involves those uncivilized who consider themselves ‘whites’
http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf
(predominantly but not exclusively jews / romans-italians / mobsters /
government slugs). }
$1 million
pizza party in Detroit -- on sterling silver plates!
WHouse
basketballs emblazoned with Obama's image...
HOODIE ON
THE HILL...
VIDEO: Dem
Rep Kicked Off House Floor... [ Typical noisy nigger in the house of bad black reps. Female members,
keep your purses close when ‘bobby bobby r’ is near; the temptation might prove
to be too much for his inner rap nigger soul man. ]
Ex-Black Panther...
Another
Says Trayvon 'Hunted Down Like Dog' [Well,
if the shoe fits … but, actually, niggers are more like apes, monkeys that only
evolved to a point… and some dog-lovers might be offended by comparing niggers
to dogs. ]...
Pentagon
unaware of 'secret deal' between Obama, Kremlin ... [ Wobama’s done! Those
black niggers have stunk-up the Whitehouse for too long! http://albertpeia.com/bobobamathetraitor.htm ]
Black
Panthers offer $10,000 bounty for 'capture' of Trayvon Martin's killer … [ who
do these filthy niggers think they are? ] Take a look at this nigger who kills a
white man during robbery, without any provocation from the victim ... http://albertpeia.com/typicalblackmanonneighborhoodwatch.htm
Shooter of
Florida teen not a racist, lawyer says...
SECRET
WITNESS: Self-defense... [Witness:
Martin attacked ZimmermanUpdated: Monday, 26 Mar 2012, 2:57 PM EDT
ORLANDO - A witness we haven't heard from before paints a much different
picture than we've seen so far of what happened the night 17-year-old Trayvon
Martin was shot and killed.The night of that shooting, police say there was a
witness who saw it all.Our sister station, FOX 35 in Orlando, has spoken to
that witness.What Sanford Police investigators have in the folder, they put
together on the killing of Trayvon Martin few know about.The file now sits in
the hands of the state attorney. Now that file is just weeks away from being
opened to a grand jury.It shows more now about why police believed that night
that George Zimmerman shouldn't have gone to jail.Zimmerman called 911 and told
dispatchers he was following a teen. The dispatcher told Zimmerman not to.And
from that moment to the shooting, details are few.But one man's testimony could
be key for the police."The guy on the bottom who had a red sweater on was
yelling to me: 'help, help…and I told him to stop and I was calling 911,"
he said.Trayvon Martin was in a hoodie; Zimmerman was in red.The witness only
wanted to be identified as "John," and didn't not want to be shown on
camera.His statements to police were instrumental, because police backed up
Zimmerman's claims, saying those screams on the 911 call are those of
Zimmerman."When I got upstairs and looked down, the guy who was on top
beating up the other guy, was the one laying in the grass, and I believe he was
dead at that point," John said.Zimmerman says the shooting was self
defense. According to information released on the Sanford city website,
Zimmerman said he was going back to his SUV when he was attacked by the
teen.Sanford police say Zimmerman was bloody in his face and head, and the back
of his shirt was wet and had grass stains, indicating a struggle took place
before the shooting.’ ] Trayvon Martin shooter: Teen went for my gun
Hoodie-Wearing
niggers Kill 1, Wound 5 in Congressman's District... http://albertpeia.com/niggersinniggertown.htm [ 13 shot, 2 dead in Chicago in six hours Thursday night ]
'There were
young men scattered everywhere'... [ http://albertpeia.com/obamaslammedforsilenceonwhitestudentsmurderedbyblack.htm , http://albertpeia.com/typicalblackmanonneighborhoodwatch.htm
, http://albertpeia.com/blackonwhitecrime.htm , VIDEO: Black
Student Becomes Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm , http://www.albertpeia.com/whitesvictimizedbyblacks.htm
]
Buchanan: It's all about race
now...
NAACP
condemns nigger apeman sharpton's call for escalation in civil disobedience...
Talkradio
host calls for arrest and removal from MSNBC...
Detroit
Preacher: 'Isn't The Mood In This Nation That White People Are Better Than
Black? [ That’s not the mood, that’s reality; the plain, raw, unvarnished
truth! And, not just whites; viz., Asians, Hispanics, real American
Indians, etc., and most feral beasts
except dogs are better than blacks who are at best their equals, though some dog
owners/lovers may dispute that. Niggers are a scourge on civilized society
wherever they are. Just look around, worldwide, wherever they are, in
concentrations particularly; it’s the same nigger story. That’s the way they
are. That’s what they are. They are a blight on any neighborhood. They are a
blight on any society and an insurmountable burden. They bring any society
down. Some will argue, how ‘bout sports?, to which one may reply, ie., just
because you go to horse races, doesn’t mean you want to live with horses, or,
just because you have monkeys in zoos doesn’t mean you want to live with them,
etc., much less cede control and affect over society to them. ] '
6.
Trayvon Martin was suspended from school three times
in the months before he was shot dead by a neighborhood watchman, it emerged
today.
7.
The facts, revealed in a leaked report, paint a
different picture of a teenager who frequently found himself in trouble with
authorities.
8.
It was also revealed that he might have attacked a
bus driver, according to a Twitter account that it is claimed belonged to the
teen.
The
POLICE: Black
teenagers light 13-year-old on fire; 'You get what you deserve, white boy'...
Typical n*****s! Come on! People are tired of making making up excuses
for the blacks. It’s always the same story with them, no matter where. http://www.albertpeia.com/whitesvictimizedbyblacks.htm
http://www.albertpeia.com/whitesvictimizedbyblacks.htm Drudgereport:
'Mob' beatings at WI state
fair... 'Hundreds of
young black people beating white people'... [ Typical n*****s! Good thing there are food stamps;
otherwise they’d be reverting to their inherent proclivity for canabalism (send
them back to
Black Serial/Mass/Spree Killer List:
1. Matthew
Emanuel Macon (Murdered and Raped 5 White Women in
2. Jimmie
Reed (Murdered his wife and his 2 month old daughter and set them on fire)
3. Shelly
Brooks (Murdered 7 prostitutes in
4. Justin Blackshere
(Stabbed two white cooks at Cheli’s Chili downtown
5. Jervon
Miguel Coleman (Murdered three people.)
6. Donell
Ramon Johnson (Murdered a mother and a daughter)
7. Brian
Ranard Davis (6 women known murdered by nigger)
8. Paul Durousseau
(Seven women)
9. Mark Goudeau “The
Baseline Killer” (Eight women and a man in 2005-2006)
10. Coral Eugene Watts
(11 women in
11. Anthony
McKnight (Five girls and young women)
12. Derrick Todd Lee
(8 Women)
13. Charles
Lendelle Carter (4 known murders; admits to ‘hunting’ Atlantans for 15
years!)
14. The Zebra Killings
(71 White people)
15. Chester Turner
(L.A.s most prolific killer 12 women killed.)
16. Lorenzo
J. Gilyard (
17. Eugene
Victor Britt (
18. Reginald and
Jonathan Carr (The
19. Ray Joseph
Dandridge and his uncle, Ricky Gevon Gray (
20. The
Tinley Park Murderer (Suspect hasn’t been found but has been described as
black – murdered 5 women in a store.)
21. Henry Louis
Wallace (Raped and strangled 5 women to death.)
22. Charles
Johnston (Murdered 3 unarmed white men in hospital)
23. Craig Price
(Brutally murdered 3 women)
24. Harrison
Graham (Brually Murdered 3 women)
25. Charles
Lee “Cookie” Thornton (Murdered 6 Whites at the
26. & 27. Darnell
Hartsfeld & Romeo Pinkerton (Abducted and Murdered 5 from a restaurant)
28 &29. John Allen Muhammad & Lee Boyd Malvo (Sniped 11 people from a
car in DC, 9 died.)
30. George Russell (3 women, WA state)
31. Timothy W. Spencer (5 killed,
32. Elton M. Jackson (12 gay men killed,
33.
34. Mohammed Adam Omar (16 women, Yemen. Omar is Sudanese.)
35. Kendall Francois (8 women, Poughkeepsie, NY and surrounding areas.)
36. Terry A. Blair (8 women, Kansas City area)
37. Wayne Williams (33 many of them children!, Atlanta, GA)
38. Vaughn Greenwood (11 killed in LA)
39. Andre Crawford (10 killed in Chicago – southside)
40. Calvin Jackson (9 killed possibley more in NY)
41. Gregory Klepper (killed 8, Chicago – southside)
42. Alton Coleman (Killed 8 in the Midwest)
43. Harrison Graham (killed 7+ in N. Philadelphia)
44. Cleophus Prince (6 killed in, San Diego
45. Robert Rozier (7 killed in, Miami)
46. Maurice Byrd (killed 20 + in St. Louis)
47. Maury Travis (17 and rising, St. Louis and possibly also Atlanta)
48. Hulon Mitchell, a.k.a. Yahweh Ben Yahweh (killed 20+ in Florida)
49. Lorenzo Fayne (killed 5 children in East St. Louis, IL)
50. Paul Durousseau, (killed 6, two of which were pregnant women, Jacksonville,
FL; Georgia.)
51. Eddie Lee Mosley (killed 25 to 30 women, south Florida)
52. Henry Lee Jones (killed 4 in, south Florida; Bartlett, TN)
53. Richard “Babyface” Jameswhite (15 killed in, New York; Georgia.)
54. Donald E. Younge, Jr. (killed 4), East St. Louis, IL; Salt Lake City, UT.
55. Ivan Hill
(killed 6 in Los Angeles area).
56. Michael Vernon (Bronx, NY. Killed at least seven people – )
57. Chester Dewayne Turner (12 women killed in, Los Angeles)
ARREST MADE IN LOS ANGELES GRIM SLEEPER SERIAL KILLER CASE July
07, 2010 http://articles.cnn.com/2010-07-07/justice/grim.sleeper.arrest_1_lonnie-david-franklin-serial-killer-case-family-members?_s=PM:CRIME |By
Mallory Simon, CNN ‘Authorities in California said Wednesday they have arrested
a suspect in the Grim Sleeper serial killer case and will charge him with 10
counts of murder.Lonnie David Franklin Jr., 57, faces an additional count of
attempted murder, Capt. Kevin McClure with the Los Angeles Police Department
said.Franklin will arraigned in court Thursday morning, McClure said.The
California Attorney General's office attributed the arrest to DNA collected
from a relative of the suspect, in a controversial and rarely used practice
known as familial DNA search.’
Of
Course There Are Black Serial Killers by Lynette Holloway
on July 15, 2010 The case of the
"Grim Sleeper" inspires a second look at the popular perception that
serial killing is the province of clever white men.
Serial
Murderers' Row July 16, 2010 The
following black men are among the most prolific serial killers in U.S. history.
http://www.theroot.com/multimedia/gallery-meet-6-black-serial-killers Plus:
Behind the myth that only white men commit such crimes.
Black Serial
Killers Not So Uncommon http://www.amren.com/news/news04/03/03/blackserial.html
200 Involved
In Fights At Mall Of America After Rumors That Rappers Are There...
People have become weary of making
up excuses for blacks (like obama, holder, etc.). At some point, as now, people
should not be timid about relating the cold, unvarnished truth statistically /
factually about blacks and, ie., black
on white violent crime, etc..
From Pat Buchanan: As for racism,
its ugliest manifestation is in interracial crime, and especially interracial
crimes of violence. Is Barack Obama aware that while white criminals choose
black victims 3 percent of the time, black criminals choose white victims 45
percent of the time? Is Barack aware that black-on-white rapes are 100 times
more common than the reverse, that black-on-white robberies were 139 times as
common in the first three years of this decade as the reverse? We have all
heard ad nauseam from the Rev. Al about Tawana Brawley, the Duke rape case and
The reality is that blacks are an
insoluble problem wherever they are. That’s not going to ever change; not
make-shift/make-work jobs; not programs; not anything tried or to be tried;
hence, they must be treated as exactly that – problems – before a solution can
be derived and fashioned. ] [ Send the niggers, including
niggerbama back to sub-saharan
7-18-12 CANADIANS
NOW RICHER THAN AMERICANS (That’s pretty poor!)
Dem Effort
in Congress To Pressure Romney; Release More Tax Returns...
Harry Reid:
'We Do What We Can to Protect the President of the United States'...
REPORT: Most
members of Congress keep their tax returns secret...
FOXNEWS
HANNITY INTERVIEWS ZIMMERMAN... DEVELOPING...
Top Syrian
defense officials killed in suicide blast...
Russia
accuses West of inciting opposition...
STUDY: Girls
As Young As 6 See Themselves As Sex Objects... { Wow! This is really
quite alarming and bespeaks america’s new-found perverse, third-world
uncivilized status, which is ‘picked up’ by kids who in some ways are smarter than
given credit for with a vulnerable longing to please, be accepted in light of
their powerless position in our ever more deteriorating society. For the
record, personally, I’ve never had a virgin though I’ve been in a position to;
that’s something I just don’t do. Never have, never wanted to, never would,
never will! Moreover, with the prevalence of sick pedophiles and kiddie-porn,
it’s not so surprising that kids might pick up on such abominable vibes. It is
difficult to imagine that little girls could be the objects of such horror as,
ie., Samantha Runnion ( who was kidnapped, sexually abused and strangled by a man who lured
her from her front yard by telling her he had lost his dog. Her naked body was
found the next day by a hiker in Cleveland National Forest, 50 miles
southeast of
7-17-12 VIVA: OBAMA DECLARES TEXAS 'BATTLEGROUND STATE' --
SOON...
Star of Pro-Obama Super PAC Ad Unloads: 'Obama Is a
Jerk, a Pantywaist, a Lightweight, a Blowhard'... The star of
a pro-Obama super PAC ad is speaking out against ... President Barack
Obama."I could really care less about Obama," Donnie Box says of
President Obama, according to In These Times.
"I think Obama is a jerk, a pantywaist, a lightweight, a blowhard. He
hasn't done a goddamn thing that he said he would do. When he had a Democratic
Senate and Democratic Congress, he didn't do a damn thing. He doesn't have the
guts to say what’s on his mind."Box, In
These Times reports, won't be voting for Obama. Here's the
pro-Obama, anti-Bain Capital ad Box appeared in: …’
Obamas have up to $450K in companies that ship jobs
overseas...
UPDATE: Chevy Volt Makes NO Money, Costs Taxpayers
Hundreds of Thousands of Dollars Per Car...
CA cities eye plan to seize mortgages...
Broke San Bernardino can't pick up garbage anymore...
Chicago suburb's water contaminated with vinyl
chloride...
Slow progress predicted for unemployment...
Dems beg Bernanke for more easing before election...
DR. GLOOM
CNBC: How
Close Are We to New Great Depression? { Already there! }
CREDIT RATING AGENCIES TO FALL UNDER GOV'T OVERSIGHT {
Fake your ratings or else says extortionist, pervasively corrupt, defacto
bankrupt america! } ...
7-16-12 Obama Goes
Wild: 'If you've got a business, you didn't build that. Somebody else made that
happen'... { Riiiiight! That ‘minority owned business’ incentive
for government contracts, bloated/padded for non-performance and electoral
considerations…’the minority view’ on the ebt, strike that, the bet network.
Say anything, wobama the b for b***s*** who suffers at the least from the
psychological disorder of psychogenic/dissociative amnesia. How totally
preposterous and pathetic at once! Wow! That ‘choom’ did wonders for wobama’s
understanding of business! Riiiiight ….they’ll beat a path to your door…to make
that business happen! This guy’s a totally dysfunctional joker who’s failed by
every measurable standard except increased deficits to obfuscate his
unequivocal failure! Other than the ‘choom/drug’ business, what business does
wobama really know? }
Campaign
Holding Fundraisers in Switzerland, Sweden, France -- China?
Egyptians
pelt ‘Hearts and Minds Victor’ Hillary Clinton motorcade with tomatoes...
'Monica,
Monica' chants taunt...
They throw
shoes...
7-13-12 Romney
Demands Obama Apology...
Says
president 'reckless and absurd'...
'Beneath
Dignity Of His Office'...
'It's disgusting.
It's demeaning'... { And, let
me add, it’s indicative of total desperation on the part of wobama who has but
a record of failure to run on; hence, the diversionary, disingenuous tactics to
obfuscate his failure by diverting attention therefrom. People will see through
the wobama subterfuge. }
GALLUP:
OBAMA VS ROMNEY DEAD HEAT...
{
Drudge: What’s with your self-immolating obsession with rice? Aside from
nationwide negroe fatigue (except among blacks –President Romney will get less
than 1% of the black vote, no matter what – because…President Romney is white
and wobama is black … period …that’s the way it is and wishing will not make it
not so! ), the essential reason she’d be a bad choice is that she carries with
her the failures of the bush regime (numerous) and sound management requires an
unequivocal ‘new broom’ (as per Drucker, et als). http://albertpeia.com Stated another way, at this critical
juncture, the nation must be managed for performance. Goals/objectives must be
set and reasonable steps consistent with the goals must be taken. President
Romney’s application of such a competent managerial approach was even evidenced
in his acclaimed handling of the Olympics as well as his sterling record in
business (Bill Clinton’s true words, though against interest) and tenure as
Governor. Wobama has but b***s*** and failure obfuscating record deficits to
show for his choom failed fantasy presidency. }
7-12-12 SHOCK: STOCKS '50% LOWER' WITHOUT
FED PUMPING...
POLL:
Supreme Court Approval Lowest on Record...
Oscar-winning
producer to take on Obama's 'imperial presidency' in documentary...
Carney
sneers at reporter asking about college records...
Americans
Will Work Over 7 Months to Pay for Govt Spending in '12...
Santa Monica
extends smoking ban to apartments, condos...
Some
California cities 'may cease to exist'...
FACEBOOK
monitors chats for suspicious activity, reports users to police...
MOODY'S
downgrades Italy debt...
7-11-12 Some California cities 'may cease to exist'...
San Bernardino -- Third California City to Go
Bankrupt..
POLL: President Sinks to Historic Lows
Among Blue-Collar MEN....
REPORT: Pelosi made up to $5 million on Asian
investments in 2011 (and don’t forget feinstein’s blum who did even better)...
Investors get lowest-ever Treasury yields...
Fed Officials Weigh More 'Stimulus'...
Warn of looming crisis...
7-10-12 DNC Chair Invested in Swiss Banks, Foreign Drug
Companies, Bank of India...
Wasserman Schultz: 'It Would Be Nice If We Had
Candidate for President Who Was Committed To America'...
GODFATHER UNDER FIRE AS MURDER RATE SOARS...
Chicago Mayor Appeals to Gangsters' 'Values'...
'Don't touch the children'...
RADIO STATION REPORTS REP. JESSE JACKSON, JR
'ATTEMPTED SUICIDE'...
Questions mount...
NAACP goes wild for Eric Holder...
7-9-12 DOOM Roubini: My 'Perfect Storm'
Scenario Is Unfolding NOW...
CADDELL:
Taxes and Trust - The Achilles Heels of Obama...
Maryland's Rich Flee State...
83% OF DOCTORS
'HAVE CONSIDERED QUITTING' OVER OBAMACARE
Broke
Scranton, PA cuts all employees to minimum wage!
Bankrupt
Alabama county asks for second look at lawyer fees...
PUTIN: WEST
IS ON DECLINE...
Defends
support for Syrian regime...
7-6-12 O NO:
UNEMPLOYMENT STUCK AT 8.2%...
'STEP IN THE RIGHT DIRECTION'...
Just 80,000 jobs added in June...
85,000 WENT ON DISABILITY!
Unemployment rate for blacks jumps to 14.4% (Actually,
that’s much too low and 100% unemployment/imprisonment/deportation would be
optimal for productivity/civilized behavior/minimal violent crime)...
780,000 Fewer Women Employed Under Obama...
Romney: 'It Doesn't Have To Be This Way'...
Team Obama predicted 5.6% today with stimulus...
Broke California OKs funding for high-speed
rail line...
Bush spend Fourth in Zambia, opening health clinic,
visiting orphanage { The perfect place for dumbya bush; little ‘blackface’ and he’d
fit right in! } ...
Ohio restaurant owner dies hours after Obama visit {
Kind of like the nation as a whole; see wobama and die! } ...
7-5-12
POLL: In 15
swing states, Romney leads Obama 51% to 43%...
Romney
accuses Obama of 'vicious lies' on BAIN CAPITAL...
13,000 Pages
of Regulations for New ObamaTaxes Drafted...
JINDAL: Way
paved for 'tofu' tax...
Romney And Obama Supporters
Clash at July 4th Parade...
7-3-12 POLL: In 15 swing
states, Romney leads Obama 51% to 43%...
Romney
accuses Obama of 'vicious lies' on BAIN CAPITAL...
'THE LAW I
PASSED IS HERE TO STAY' { Wobama must be back on his choom pipe
fantisizin’ again! }
Midwest
ranchers, lawmakers protest drone flyovers...
TWITTER
shares info on gov't demands for user data...
ACLU
Launches Smartphone App To Secretly Record Police Stops...
'Homeland
Security' Report Lists 'Liberty Lovers' As Terrorists...
Greece to
present debt inspectors 'alarming' data...
France Faces Major Test as It Enters
'Danger Zone'...
Cyprus
starts bailout talks with EU, IMF...
Ex-President
Sarkozy's home, offices raided by police...
7-2-12
Factory
output at three-year low...
Survey
reports large decline in activity...
ECONOMIST:
75% of Obamacare costs to fall on Americans making less than $120,000 a year...
Gov. Scott
Says FL WILL NOT Comply with Law...
UPDATE:
ROBERTS SWITCHED VOTE...
Republicans
see way to repeal...
REPORT:
White House salaries grow...
Obama
campaign fundraising -- off heat wave?
NO LIGHT IN
SIGHT...
ON YOUR OWN:
During Virginia storms, 911 system failed for 48 hours...
DAY 3:
Millions Still Without Power...
'CATASTROPHIC'
DAMAGE TO POWER GRIDS...
'Unscheduled
Leave' For Federal Workers...
Newt
Gingrich: 'Mild Taste of What an Electromagnetic Pulse Attack Would Do'...
6-29-12 SECRET
WIRETAPS ROCK DOJ...
CLOCK
TICKING ON HOLDER...
Republicans
vow court action; demand documents...
HISTORIC:
House could arrest Attorney General...
6-28-12 MICHAEL
SAVAGE: 'ROBERTS EPILEPSY MEDICATION AFFECTS HIS COGNITION'...
FLASHBACK
NYT: Roberts drugs 'can have troubling side effects, mental slowing and
forgetfulness'... { Wow! Who woulda thunk it, known it! I
certainly didn’t know of roberts’ condition. And, yes, the effects of said
drugs are significant, serious as set forth above and over time particularly,
debilitating. Roberts should step down, not that the u.s. supreme court is some
font of reason, sound judgment, and wisdom, even lawfulness. Indeed, quite the
contrary is true. http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm }
SUPREME
COURT RULES:
OBAMACARE
STANDS...
Mandate
survives AS A 'TAX'...
Chief
Justice Roberts joins left of the Court...
'It is not
our role to forbid it, or pass upon its wisdom or fairness'...
.PDF OF
OPINIONS
Dissent: 'We
Cannot Rewrite the Statute to Be What It Is Not'...
FLASHBACK:
Obama: Mandate is NOT A TAX...
VIDEO...
RUSH
LIMBAUGH: 'WE NOW HAVE THE BIGGEST 'TAX' INCREASE IN HISTORY OF THE WORLD'...
Did Justice
Roberts change his vote at last minute?
George Will:
Conservatives' consolation prize...
Republican
governors vow to ignore Obamacare...
HOUSE REPEAL
VOTE SET FOR WEEK OF JULY 9...
Speaker
Boehner: 'Ruling underscores urgency'...
6-27-12 Contempt
vote on Holder will proceed...
...last-minute
talks fail
Black
lawmakers plot 'walkout strategy' during vote...
28.9%
unemployment rate in Yuma, AZ...
Merkel
dismisses Spain, Italy pleas for aid...
'EPIC'
WILDFIRE RAGES IN COLORADO...
300+ Homes
Burned...
Obama Shrunk
Aerial Firefighting Fleet...
6-26-12
ZIMMERMAN
PASSED POLICE LIE DETECTOR...
REPORT...
Stockton, CA
braces for bankruptcy...
HOLDER:
'It's Going to Get Really Busy on Thursday, Apparently'...
Hoyer: Some
Dems Will Vote For Contempt...
Brewer:
White House tells Arizona to 'drop dead'...
MO Dem Sen
to Skip Party's Convention...
FLASHBACK:
Obama's 'most reliable surrogate' in 2008...
ANOTHER: GA
Dem. Rep. to Skip Convention...
PENTAGON
HOLDS FIRST GAY PRIDE EVENT...
ANOTHER ONE:
Cruise Ship Steward Sues Travolta...
6-25-12
BOOK: Obama
Team Squandered Chance For 'Peace' in Afghanistan...
GALLUP: 44%
Can't Name Obama's Religion?
BAM: SUPREME
COURT TO RULE OBAMACARE ON THURSDAY...
BOOM: HOUSE
VOTE HOLDER CONTEMPT ON THURSDAY...
SHERIFF
JOE: 'I'M NOT STOPPING ANYTHING'
Stockton, CA
faces midnight deadline to avert bankruptcy...
Obama Booed
At Boston Fundraiser After Mocking Red Sox Trade...
BREWER:
'Assault' on AZ continues...
Romney:
States have right to secure their borders...
Scalia warns
of 'evil effects of illegal immigration'...
Jimmy Carter
Accuses USA of 'Widespread Abuse of Human Rights'...
U of Chicago
Prof wants to shelve Obama library idea...
6-22-12
GREEKS
KICKED OUT OF EURO!
EU Battle
Spills Off Soccer Field...
Merkel
heckled...
New Greek
finance minister hospitalized after fainting...
Support
growing for return of Deutschmark...
AMERICAN
NIGHTMARE: SANDUSKY CONVICTED ON 45 COUNTS OF CHILD SEX ABUSE...
BAIL
REVOKED... { Sweet sandy, the
‘frolicking funloving manchild’ (defense version), will have plenty of time for
cornholin’ except, who’d let him and who’d want him. }
6-21-12
GALLUP:
OBAMA FALLS TO 43%...
Housing market
hits 15-year low...
Unlike
2,000-Death Count in Iraq, ABCNBCPBSMSNBC Skip 2,000 Marker in Afghanistan...
Retiring
Dem: 'The People Have Gotten Dumber'...
Sandusky's
son says his father abused him...
Judge Bars
Media From Reporting Verdict Until Court Is Adjourned...
Italian PM:
We have a week to save eurozone...
Starving
Greeks line up by the thousands for food handouts...
6-20-12
THE LONGEST
DAY: EXECUTIVE PRIVILEGE
House panel
votes Holder in contempt...
FULL HOUSE
TO VOTE NEXT WEEK...
OBAMA
REFUSES TO TURN OVER 'FAST AND FURIOUS' DOCUMENTS...
PELOSI: 'I
could have arrested Karl Rove on any given day'...
Obama Spends
More Than He Raises...
Team shrugs
off campaign criticism...
Another
Hollywood Fundraiser?
SHOCK: $9
Billion in 'Stimulus' for Green Projects Created Just 910 Jobs!
6-19-12
PAPER:
Obama's grandfather tortured by the British? A fantasy (like most of the
President's own memoir)... { http://albertpeia.com/wobamaschoomgangfantasy.htm }
LEAK: USA,
ISRAEL CREATED 'FLAME' VIRUS AIMED AT IRAN
Issa to
Holder: Get ready for contempt vote...
Negotiations
stuck on getting documents...
Greece's
ailing economy grinds to halt...
Companies
can no longer afford to pay employees...
French
business frustration boils over...
Spain and
Italy to be bailed out...
THERE HE
BOWS AGAIN: OBAMA MEETS MEX PRESIDENT...
Anti-Romney
protesters paid to heckle?
FEDS STIKE OUT AGAIN:
Baseball's Clemens acquitted of all charges... { How incredible is this?
Trillion dollar wall street frauds (ie., corzine et als) unprosecuted and
walking freeh, while the feds are persecuting Clemens over some ‘misperceived
slight’. How pathetic these corrupt incompetents are! http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm }
PALIN: DRUDGE HISTORY...
{ Drudge history? I don’t even know what this headline means; but, I can tell
you that palin’s history!
Joe McGinniss Sarah Palin Book, 'The Rogue,' Makes
Controversial Claims About Former Alaska Governor ‘Joe
McGinniss's new book, The Rogue: Searching for the Real Sarah Palin,
hits bookstores next week, but its controversial claims about the former Alaska governor are
already making waves.
In the book, McGinniss
writes that Palin had a one-night stand in 1987 with future NBA basketball
player Glen Rice nine months before she married her husband Todd. He quotes a
friend who said Palin "had a fetish for black guys for a while."
"She was a gorgeous
woman. Super nice. I was blown away by her," Rice tells McGinniss in the
book, NBC reports. "Afterward, she was a big crush that I had."
McGinniss's book also
alleges that Palin had an extramarital affair with her husband's business
partner, Brad Hanson, in the mid-1990s, and snorted cocaine off a 55-gallon oil
drum while snowboarding.
"An utter fraud. An
absolute and utter fraud," McGinniss calls Palin in an interview about the book with NBC.
"At best, she's a
hypocrite," McGinniss tells NBC's Savannah Guthrie. "At worst, she's
a vindictive hypocrite."
McGinniss famously moved into a house next door to Palin's Wasilla, Alaska home
to write his book -- prompting the Palins to accuse him of stalking them. They built a high fence along their property to protect their
privacy.
In response to
McGinniss's book, Todd Palin gave a statement to NBC saying that McGinniss "spent the
last year interviewing marginal figures with an axe to grind in order to churn
out a hit piece to satisfy his own creepy obsession with my wife."
"I'd ask the
fathers and husbands of America to consider our privacy when one summer day I
found this guy on the deck of the rental property, just 18 feet away next door
to us, staring like a creep at my wife while she mowed the lawn in her
shorts," Palin said.
McGinniss says that
anything he learned about Palin by living next door did not make it into the
book, but he does become a character in the story himself.
The New York Times
writes in its review:
Soon Mr. McGinniss is
settling in to enjoy the fuss his mere presence has created. "Normally,
for a news story to continue beyond the first 24-hour news cycle, something
newsworthy must occur," he writes loftily, but "The Rogue" is
filled with proof to the contrary. What was his hate mail like? He quotes it.
What did Glenn Beck call him? That’s here too. Who took umbrage at this venom
and chose to help him? One man offered him a hideout, despite Mr. McGinniss's
slight skepticism about his motives. "But you don’t know me," Mr.
McGinniss protested.
McGinniss's book is
scheduled to hit bookstores on Tuesday, Sept. 20.’
The Rogue: Searching For The Real Sarah Palin' Cover Revealed Call it Palin Noir. Joe McGinniss' upcoming biography of Sarah Palin has a cover design more fitting for a detective novel. It has a bold...
Joe
McGinniss, Palin Neighbor & Author, Leaving Wasilla To Write Book ANCHORAGE, Alaska — Sarah Palin can take down the
fence. Palin's neighbor of three months on Wasilla's Lake Lucille, author Joe
McGinniss, is packing his...
Bristol Palin Interview Accidentally Reveals Mother's 15
Abortions WASILLA,
AK—Sarah Palin's political team was forced to do emergency damage control
Monday after the former Alaska governor's daughter Bristol accidentally
divulged on live television that her mother has undergone at least 15 abortions
over the past 30 years. "She's always telling me how special I am,
especially considering the five or six babies she aborted before I was born,"
Palin, 20, said during a CNN interview in which she was asked if she thought
her mother would make a good president. "Then of course there were the
twins she aborted shortly after having me, another four abortions after Willow
somehow survived hers—but anyway, she's a wonderful mom. She just gets pregnant
a lot and doesn't always want to have the baby." Palin also commended her
mother's strength in carrying three babies with Down syndrome to term, and then
even choosing not to give Trig up for adoption like the others.
6-15-12
Obama
bundler in Chicago goes all in for Romney...
Foreign
holdings of US debt hit record high...
BIDEN: 'Great'
cities in China, not America anymore...
REPORTER
INTERRUPTS OBAMA!
PRICKLY IN
ROSE GARDEN...
PRESIDENT
SCOLDS: 'I didn't ask for argument'...
But doesn't
take questions -- again!
EDITOR:
'A reporter's job is to ask questions'...
OBAMA TO
GRANT IMMUNITY TO YOUNG ILLEGALS...
FLASHBACK:
'The notion that somehow, by myself, I can do these things, it's just not
true'...
Joy and
anger...
SHERIFF JOE:
'They will still be arrested'...
Gov. Jan
Brewer Blasts 'Backdoor Amnesty' Move...
LIMBAUGH:
'Open Borders Friday'...
FACEBOOK
Told Regulators IPO Range Was Near Fair Value…{ Riiiiight! }...
Burglaries
rise as Greeks hoarde cash...
Central
banks prepare for turmoil...
EGYPT VOTES
AMID CHAOS
Man arrested
for public sex with teddy bear -- for fourth time...
BURGLARS
BREAK IN, BITE OFF VICTIM'S EAR...
6-14-12
Germany
sounds crisis alarm as Italy, France demand progress...
Greek health
system crumbles under weight of crisis...
Working Without Pay...
ELECTION:
Decisive Moment...
Obama Speech
Gets Thumbs Down From Political Press?
CHAOS IN
CAIRO: MILITARY CLAIMS CONTROL...
A sense of
dread...
...coup
d’état
Biden
Praises 'Arab Spring' on Same Day Egypt Dissolves Parliament...
Witness
details shower encounter in Sandusky sex abuse trial...
'Tickle Monster'...
Should have
been charged in 1998...
6-13-12
Fears rise
over EU handling of debt crisis...
Greeks Withdraw $1 Billion a Day
Ahead of Vote...
CASINO BOSS
BETS $10M ON ROMNEY! { Good Bet! That’s a Winner! }
CHINA VOTED
TOP ECONOMIC POWER ON EARTH...
SLAP: RUSSIA
DEFENDS ARMS SALES TO SYRIA
MAG: Is
legalizing weed Obama's October surprise?
GERMAN MEDIA
TURNS ON OBAMA...
Unions
organizing -- unemployed...
COPS: Naked
Man High On 'Bath Salts' Tries To Attack 3-Year-Old Girl On Miami Beach
Playground...
6-12-12
DEFICIT
DOUBLES IN YEAR
POSTAL
CHIEF: We're headed for Greece...
'People
ain't got jobs, people are hurting'...
POLL: Obama
rapidly losing support among black voters { GOP: Don’t believe this, and don’t
count on it! Wobama will get near 100% of the black vote based on skin color
alone and for no other reason whatsoever! } ...
White
support cracking...
Jewish
support in NY drops 22% -- in 1 month!
UNION
MEMBERS BAIL...
IMF chief
Lagarde warns world risks triple crisis...
NEXT: Worry
for Italy Quickly Replaces Relief for Spain...
Trevi
fountain crumbling 'for lack of maintenance'...
EU Mulls Worst-Case Scenarios If
Greece Leaves Euro...
Spain deal
'will come apart in less than a month'...
6-11-12 DYSPHORIA: Dow spooked over
'Spailout,' drops 143 points...
NET WORTH OF
AMERICAN FAMILY FALLS 40% IN 3 YEARS...
HOUSE SETS
CONTEMPT VOTE ON HOLDER...
BOEHNER:
'Justice Department out of excuses'...
Issa expects
31 Dems to join...
FLA
TO SUE FEDS OVER VOTER PURGE
REPORT:
ITALIAN BANK DECLARES 'HOLIDAY'...
Bernanke
Bonds: Fed's Holdings of US Debt Soars 452% under Obama...
Eurozone
agrees to lend Spain up to $50 billion $125 billion...
Obama
campaign's data mining 'reaches far beyond anything politics has ever seen'...
'Obama Girl'
won't endorse Obama!
KARZAI
COMPLAINS: US failed to consult Afghans on airstrike...
Veiled
suicide bomber kills 4 soldiers...
'Canadian
cannibal' sent videos to 'fans'...
Did he
strike in Miami, too?
For election
favor, Obama looks to Merkel, again...
Seeks to woo
Hispanics...
Lanny Davis:
Vicious People Working For President...
WITNESS: 'I
was his girlfriend'...
'Victim No.
4 describes 'soap battles'... { The defense: just a frolicking,
cornholin’, fun-loving man-child; that sweet sandy was! Riiiiight! }
6-8-12
UPDATE:
S&P keeps US rating unchanged, outlook 'negative'...
Obama Backs
Off Comment 'Private Sector Is Doing Fine'...
Argentina loses
third of its dollar deposits...
...foreign
exchange restrictions
'FACEBOOK
Funds' Plunge...
UBS May Have Trading Loss of $350
Million...
REPORT: High
school cancels Hollywood producer's grad speech over 'right-wing' views...
6-7-12
Unemployment
in Greece hits 22%...
SPAIN: SAVE
OUR BANKS OR BREAK EURO...
Germany Finalizing Face-Saving
Deal...
Long lines
at pharmacies in Greece...
France cuts
retirement age -- TO 60...
US blamed
for on-going massacre in Syria...
Holder
Claims Emails Using Words 'Fast and Furious' Don't Refer to Operation 'Fast and
Furious'...
REPORT:
'Mole' inside DOJ...
HALPERIN:
DEMS NOW BELIEVE OBAMA COULD LOSE {
Duh! Truth be told, as I’ve already told it on my website, that is ‘fait
accomplis’! }
ROMNEY
CASH HAUL TOPS OBAMA...
'Gender gap'
narrows...
SHOCK POLL:
ROMNEY AHEAD IN MICHIGAN { This should come as no surprise inasmuch as Michigan
has suffered under the hapless wobama while becoming blacker with all the
negatives entailed therewith. Michigan’s prospects along with the suffering
rust belt as with the rest of the nation will only be enhanced by Romney’s
Presidency! } ...
Black Rock:
'We Ignore the President's Whiteness, But It's There' { This election, wobama’s
blackness won’t be ignored! } ...
PELOSI:
Health law represents 'life, liberty and pursuit of her’s and wobama’s
happiness'...
POLL: Large majority
want Supreme Court to overturn...
Bill Clinton
'very sorry' for saying Bush tax cuts should be extended...
UPDATE:
Senator Demands Inquiry Into Attacks on Conservative Commentators...
6-6-12
GREECE RUNNING OUT OF CASH
France cuts
retirement age -- TO 60...
Germany
Finalizing Face-Saving Deal for Spain...
UH O...
WALKER WINS
[AGAIN]...
'RECALL'
DEFEAT SPELLS DOOM FOR PUBLIC SECTOR UNIONS...
Voters in
California Back Pension Cuts for City Workers...
ROMNEY:
'TONIGHT'S RESULTS WILL ECHO BEYOND BORDERS OF WISCONSIN'...
'PULITZER'
NEWSPAPER MOCKS DRUDGE FOR INFORMING READERS...
MEDIA BLOWS
IT...
'Kill Scott
Walker': Angry libs flood TWITTER...
WASHPOST:
7-point victory 'close vote'...
Pelosi:
Ghosts of past women leaders spoke at White House meeting...
Stocks rise
on hopes of new Fed pumping...
'Very
Worried' About EU Banks...
Debt Per
American Set to Triple in a Generation to $147,000...
CLINTON: USA
Already in 'Recession,' Extend Bush Tax Cuts...
WHITE HOUSE:
Nope...
BUBBA: 'I
didn't have any idea' undermining Obama's campaign message...
VANITY FAIR:
'HE DOESN'T NEED PEOPLE'...
Four years ago, Barack Obama
said he wanted a Lincoln-esque “team of rivals” in his Cabinet. Thanks to his
own temperament, the modern White House, and the 24-hour news cycle, what the
president has created is something that doesn’t look Lincoln-esque at all. {
Come on! Does anyone at this point take anything wobama the b for b***s***
says, past or present, seriously? He’s total b***s***, end of story! }
6-5-12
ROMNEY:
Obama holding onto shares of GOV'T MOTORS to avoid embarrassment of big
losses...
Gov't Down
$16B on Bailout...
EXIT POLLS:
CLOSE, BUT NO 'RECALL'
WI EXIT
POLLS: REMATCH SIMILAR TO ELECTION 2 YEARS AGO, SOURCES TELL DRUDGE... '5 POINT
MARGIN'... DEVELOPING...
White House
downplaying...
WASH POST:
'Makeup of voters appears very close to original 2010 contest'...
VOTER
SHOWDOWN: DEMS CRY FOUL...
Hundreds
Report 'Photo ID' Issues...
400 Lawyers
At The Ready...
Report:
'119%' Voter Turnout in Madison...
'Remember
Me? I'm the Only Guy Who Gave You Four Surplus Budgets ( THANKS TO THE PEACE
DIVIDEND! PEOPLE MUST GET THAT REALITY/TRUTH THROUGH THEIR WAR-MONGERING
SKULLS! )'...
USA Already in 'Recession,' Extend
Bush Tax Cuts...
DICK MORRIS:
'He Does Not Want Obama to Win'...
FREEFALL
CONTINUES...
FACEBOOK
'worth a look' -- at $20!
MORGAN STANLEY Lending Shares to
Sell Short...
Jackson
Browne cools on Obama...
6-4-12
EVEN MAUREEN
DOWD BEGINS TO TURN
Debt Has
Increased More in Last 15 Months Than First 97 Congresses -- Combined!
Obama Gets
'Left' Behind; Libs Turn...
NYT: Weak
Economy Points to Obama's Constraints...
Jon Bon Jovi
Gets A Ride On Air Force One...
Hispanic
unemployment jumps to 11% in US...
S&P down
10% since April...
Japan's Debt
Sustains Deflationary Depression...
FACEBOOK
'will disappear'...
Buyers'
remorse for California's 'bullet train to nowhere'...
War in White
House: Holder and Axelrod 'had to be separated'...
Tokyo Stocks Hit 28-Year
Low Amid Global Rout...
FUTURES...
Euro Zone
Nears Moment of Truth on Staying Together...
SOROS WARNS: 3 MONTHS...
Spain Seeks
United Effort on Banks; Pressure Builds on Merkel...
The week
Europe stopped pretending...
Retirement
Age '80' After Crisis?
BULLS, BEARS
OR BUST?
REPORT: Air
Force drone spied on US soil...
6-1-12
MAY MESS:
UNEMPLOYMENT GOES UP...
STOCKS COLLAPSE...
Weak US Job
Growth Threatens World Economy...
This Summer 'Eerie Echo' of
Pre-Lehman...
HELL DAY
Obama has
big plans for when Republican 'fever' breaks...
HAS OUTSPENT
PAST FIVE
PRESIDENTS...
Bill
Clinton: Romney's Business Record 'Sterling'...
Top Italy
banker says risk of euro breakup growing...
5-31-12
Geithner
warns Spain...
TIME BOMB: Banks Pressured To Buy Up
Government Debt...
UPDATE:
China and Japan to begin direct currency trading...
Stocks Post Worst May Since 2010...
Anxious June...
5-30-12
Investors
flee Spain as financial crisis spirals...
'Total
emergency'...
France to
cap top pay...
French irked
by EU use of English...
MOODY'S
downgrades Danish banks...
MORGAN
STANLEY CEO defends FACEBOOK IPO conduct...
Bilderberg
Launches Unprecedented Security Crackdown...
Talk
of machine guns & surveillance spooks hotel guests...
Rockefellers
and Rothschilds unite...
5-29-12
FACEBOOK
FREEFALL CONTINUES...
Stock sinks
below $29...
'Worst IPO
in decade'...
SHOCK
REPORT: 40% of social media accounts ARE SPAMMERS...
Biggest
Greek bank warns of dire euro exit fallout...
Romney
Campaign Hits Obama On SOLYNDRA...
Carney
Struggles With SOLYNDRA Questions...
Holder to
brief black pastors on campaigning for Obama...
'BATH SALTS'
TRIGGERED BLACK SOUTH BEACH CANNIBAL
NASA to
future moon explorers: Don't wreck our fake Apollo landing sites fiction...
'Biggest
collapse of law firm in U.S. history' as DEWEY & LEBOEUF goes under...
Warning
signs for Obama on path to electoral votes...
LLOYD'S OF
LONDON preparing for euro collapse...
Switzerland
draws up action plan...
Greece says
public finances face collapse...
GOOGLE
GRABS SECRETS OF PRIVATE LIVES...
Emails,
texts, photos, documents taken from wi-fi networks...
Deliberately
stole information but 'covered it up'...
Miami Police
Shoot Naked Man -- Eating Face Of Other Naked Man...
'Like a
rabid dog'...
'Tearing him
to pieces with mouth'...
ILLEGAL
KIDNEY TRADE BOOMS AS NEW ORGAN 'SOLD EVERY HOUR'...
5-25-12
Plans for
emergency immigration controls if euro collapses...
Spanish bank
asks for biggest bailout in country's history...
Fear Seen in
Money Transfers...
Faber: Chance of Global Recession
Now 100%...
ZUCKED UP: CITI LOSES MILLIONS
IPO Seen Deepening
Investor Distrust of Stocks...
SEC eyes
Nasdaq...
Obama
Pot-Smoking 'Choom Gang'...
Thanked drug
dealer, not mom, in high-school yearbook...
Twice in 2
Days Mentions 'My Sons' -- even with Teleprompter...
340-pound woman
punches, pepper-sprays, spits on PIGGLY WIGGLY workers in bid to steal food...
5-24-12
REAL DEFICIT
LAST YEAR: $5 TRILLION...
REPORT: Senate Dems pay
female staffers less than male staffers...
HALF OF
DETROIT STREETLIGHTS MAY BE TURNED OFF
ZUCKER BORN
EVER MINUTE:
FIDELITY
facing 'thousands' hit by FACEBOOK woes...
MORGAN
STANLEY STILL HAS
ISSUES...
CITADEL Latest Firm to Report
'Significant' Losses...
Big European
funds dump euro assets...
Investors Running Out of Safe
Havens to Put Money?
NIELSEN:
DRUDGE READERS MOST EDUCATED...
5-23-12 UPDATE:
Eurozone looks at Greek exit as leaders meet...
Germans
ready to boot Greece out...
Russia tests
new missile, in warning over U.S. shield...
BBC:
'Barcode Everyone at Birth' with 'implanted chips'...
Bilderberg
Pushes Mandatory Internet ID for Europe...
Bars using
new app and hidden cameras to scan customers' faces...
GOOGLE
chairman: 'We face fight for future of web'... ‘One of Google’s most senior
executives issued a stark warning tonight that the power of the internet to
free some of the world’s most oppressed people risks being overturned by autocratic
governments who seek to “Balkanise” the web by controlling what can be
accessed…dictatorial regimes were
increasingly looking to control who has access to the web by “filtering
information they fear or prohibit.”…’
5-22-12
ZUCKED!
NASDAQ WOULD HAVE PULLED STOCK....
THE $40 BILLION
VANISH...
MORGAN STANLEY Under Review...
Massachusetts
subpoenas...
Selloff Nearly Turned Into Bigger
Run...
Stock Loses
18% of value...
Investor
Sues...
'The
insiders got greedy'...
'They knew
the jig was up'...
Zuckerberg
sell shares...
FRIENDS:
OBAMA TOUTED FACEBOOK IN 'CAMPAIGN' TOWN HALL...
DOOM:
FACEBOOK could destroy economy?
5-21-12 Bankers
Under Fire as FACEBOOK Slips 11%...
'No Bottom'...
Fiasco Latest Blow to Morgan
Stanley...
FACEBOOK
denies it aims to lift ban on under-13s joining...
FACEBOOK
sinks deeper...
$19
billion washout...
Underwriters bail...
Where are
friends?
HOLLANDE
STEALS NATO SHOW...
Skips Obama
speech...
UPDATE: 43
Catholic organizations file lawsuits against Obama contraception mandate...
Sheriff Joe
sends detectives to Honolulu...
53,000 'Dead
Voters' Found in Florida...
5-18-12
Romney warns
economy is on 'path of California'... { Yes, that’s really true;
and, beyond the hype and propaganda, that’s a real negative! }
Debt Up
$12,984 Per Household Since 2011 Spending Deal...
Underwriters
Stepped In to Support Shares at Offering Price...
Trade
Disorder Plagues Nasdaq...
Messy Debut...
'Disastrous'...
SEC to probe
glitches...
Zuckerberg
In '04: 'No Intention' Of Making Money...
NATO
protesters occupy Chicago streets...
Police Raid
Apartment, Seize Beer-Making Equipment...
40 Fed
Agencies Man Secret Command Center...
5-17-12
'BORN IN KENYA'
How did the
mainstream media miss this?
Obama
Literary Agent Says 1991 Booklet was 'Mistake'...
EUROPE
ROCKED BY SPANISH BANKING CRISIS...
New French
government takes 30% pay cut...
NO ESCAPE:
DEMS WANT TAX FOR LEAVING USA...
'Ex-PATRIOT
Act'...
UPDATE:
'Mystery object' that nearly caused mid-air collision believed to be drone...
STUDY: 96%
of restaurant entrees exceed USDA limits...
Feds fine
Utah school for accidentally selling soda at lunch...
5-16-12
Obama's budget
goes down in flames...
Unanimously
rejected by DemSenate...
Fails to get
single vote anywhere in Congress...
Even labor
unions oppose...
Warning
Signs For Obama -- in Wisconsin?
Wall Street
goes bearish on stocks
Insiders
Cashing Out...
White jogger
'randomly' gunned down in broad daylight...
COPS: May
have been gang initiation or dare...
Judge
Napolitano: First Patriot To Shoot Down A Government Spy Drone 'Will Be A
Hero'...
'VULTURE
FUNDS' CIRCLE AS GREECE FEARS GROW...
5-15-12
Obama worth
up to $10 million...
Has up to $1
million with JPMORGAN...
Stimulus
funded erectile dysfunction studies...
POLL: ROMNEY
LEADS WITH WOMEN...
WH called
out for skipping female reporter at press briefing...
BANK RUNS HIT GREECE
Merkel and
Hollande join forces on Greece...
Europe
prepares for 'messy' exit...
Little
country threatens big impact...
Italy's
banks shaken; Slump deepens...
Zimmerman Medical
Report Shows Broken Nose, Lacerations After Trayvon Martin Shooting...
5-14-12
EU ON THE
BRINK...
Euro Weakens
on Greek Exit Spec...
Big Debt Payment Due Tuesday...
Italian
banks DOWNGRADED...
CBSNYTIMES
POLL: ROMNEY PULLS AHEAD BY 3...
PAUL OUT...
ALERT: Euro
Officials Begin to Weigh Greek Exit...
Fear grows
of Greece leaving euro...
Will 'run
out of money soon'...
Moment of
truth...
Euro Parity With the Dollar?
If Greece
goes... who and what would be next?
Turmoil
boosts London property stampede...
IMF
concerned about Kuwait's finances?
3 to Exit
J.P. MORGAN After Shock Losses...
Dimon
Remains...
Obama:
JPMORGAN 'One Of The Best-Managed Banks' {by failed president wobama standards
which of course is no standard at all}...
Anti-capitalist
protesters storm campaign HQ building...
UPDATE:
230,000 unemployed lost benefits over weekend...
CA DOWN
$16B...
BROWN WARNS
OF BIG CUTS...
'Worst
recession since 1930s'...
Obama pushes
new billion-dollar stimulus plan...
NBC ADDS SITCOM
FROM OBAMA SPEECHWRITER...
5-11-12
B A C K L A
S H:
POLL:
ROMNEY 50% OBAMA 43%...
Stocks Worst Week of Year...
JP MORGAN
Dimon: 'We Screwed Up'...
$2 Billion
Loss...
Credibility
at stake...
Fed
'Investigates'... { Riiiiight! Nothing to worry about now, the fraud
inducing failed fed’s on the job! NOT! Worry! Really worry! Much worse to
come! http://albertpeia.com/fedponzifails.htm http://albertpeia.com/fraudulentfedhasfailed.htm
MSNBC Anchor Cuts off
Contributor's Mic over Romney Defense...
'You're
in my house, now'...
CLINTON: O'S
AN 'AMATEUR'...
BOOK: Bill
urged Hillary to quit Cabinet, run in primaries...
Obama's Own
Doctor Slams ObamaCare as 'Failure'?
BEACH BOYS
SINGER: 'Obama's a Socialist A**hole'...
FACEBOOK
CO-FOUNDER GIVES UP U.S. CITIZENSHIP BEFORE IPO...
Talkradio
host found shot to death inside home... { This is jersey! This could
be anything from a mob hit to random, pervasive violence, etc. }
Police Sent
To Collect Overdue Library Books From 4-Year-Old Girl...
Shopping
Mall Requires Teens To Be With Parents After 6 PM...
Chicago
Officials Ban Food, Drinks, Backpacks On City Trains...
NSA, GOOGLE
SPY TIES 'CAN REMAIN SECRET'
GOOGLE
starts mapping indoor locations!
Air Force
Document: Drones Can Be Used To Spy On Americans...
5-10-12
Obama:
'Sometimes I Forget' Magnitude of Recession…{ Oh! How conveniently forgetful,
though the vast majority of americans don’t have wobama’s luxury of feigned
amnesia suffering from what wobama did and didn’t do contrary to promises last
time around the perpetual campaign trail littered with his typical jive-talking
b***s***! The following headline will help him remember some of his sordid,
pot-clouded high school past! }...
FLASHBACK:
Obama's Sordid High School Past...
By Ben Shapiro ‘While the Washington Post has been diligently
digging into relatively innocent high school pranks
by Mitt Romney, they’ve spent the last few years diligently ignoring President
Obama’s far more controversial high school days.Obama, by all accounts, was a
habitual drug user in high school. He tried cocaine, he admits in Dreams From My Father; he “tried drugs
enthusiastically.” The Chicago Tribune
reported back in 2007 that Obama thanked the “Choom Gang” in his high school
yearbook; “chooming” was Hawaiian slang for smoking pot. The Honolulu Advertiser reported that Obama’s
senior portrait “prominently displayed … A package of ‘Zig-Zag’ rolling papers
and a matchbook.” One of Obama’s close friends was arrested for drug possession
during high school.In his memoir, Obama talked about routinely getting high.
“Junkie. Pothead,” he wrote. “That’s where I’d been headed: the final, fatal
role of the young would-be black man.” But, according to Obama, he only got
high because he was contemplating deep matters: drugs could “push questions of
who I was out of my mind.” Obama told students in 2007 that this activity
constituted “goofing off” and “wasting time”:"I will confess to you that I
was kind of a goof off in high school as my mom reminded me," Obama said.
"I went to high school in Hawaii, so there's a lot of opportunity to goof
off because the weather is really good all the time …"You know, I made
some bad decisions …. You know, got into drinking and experimenting with drugs.
There was a whole stretch of time where I didn't apply myself. It wasn't until
I got out of … high school, and went to college that I started realizing, man,
I wasted a lot of time.”The New York Times,
however, went out of its way to find Obama’s classmates to testify that drugs
played only a “bit
part” in Obama’s youth. Yet Obama would later brag on the campaign trail
that he “inhaled frequently … that was the point.”During his high school years,
Obama hung out with communist radical Frank Marshall Davis; in 2007, the Los Angeles Times reported that during
his high school days, “he felt the first stirrings of anger toward whites. He
says he also delved into black nationalism.” He was “offended or even enraged
when white classmates adopted black street slang or revealed their underlying
consciousness of his race by going out of their way to tell him how much they
admired a black musician or athlete.” This activity is certainly more
reflective of Obama’s ideological history than Mitt Romney’s pranks on teachers
and fellow students. And as for the drug use – well, that seems just a bit more
serious than walking a teacher into a door or cutting a student’s hair. But
leave it to the Post to ignore
or downplay all of that in favor of continuing stories about Romney’s dog, his
high school hijinks, and whatever other nonsense they can use to protect
President Obama from his own incompetence.’ Ben
Shapiro is Breitbart News Editor-at-Large. Follow him on twitter @benshapiro.
Cracks
in the Washington Post story on Romney’s ‘pranks’ emerge
Correction
Request: Washington Post Uses Falsehood in Romney Hit Piece
Media
Downplays Obama's Past, Tries to Define Romney with Teen Prank
If we're going to delve deep into a candidate's past, let's delve deep into a
candidate's past. Here's Obama in his own words admitting to physically shoving
a little girl named Coretta. Yes, it was at this moment that the first
shot in the War on Women was fired.http://albertpeia.com/obamashovesgirl.png
No doubt that after expending all that energy bullying an innocent little girl,
young Obama readied himself for round two by eating a Golden Retriever. More on
this breaking story here.If
you're wondering what the rules are regarding a candidate's past; how far back
we're allowed to go in an attempt to define them -- the answer is simple: the
corrupt media will let us know.
Washington
Post Disgraces Itself By Targeting Romney's 'Anti-Gay' High School Pranks Obama WILL
NOT pursue gay marriage as part of party platform...
STONE: 'Playing a cruel and cynical
game'...
Unites Republicans?New Black
Panther Niggers Plan Newspaper Cover With Zimmerman In Noose { and civilized
people everywhere should respond with niggers in nooses and contributions to
the Klu Klux Klan! } ...
LOONEY
CLOONEYLAND: BIG CAMPAIGN BOXOFFICE FOR NIGGERO – Meanwhile, looney clooneyland
ain’t doin’ so well with the niggero model – see next headline! ...Failed Wobama model illustrated:
16 Reasons To Move Away From California http://albertpeia.com/16reasonstomoveawayfromcalifornia.htmPostal
Service loses $3.2b in first quarter...78% of
California 8th graders fail national science test...
5-09-12
Fed clears
China's first US bank takeover...
324,000
Women Dropped Out Of The Labor Force -- In Last 2 Months!
EVOLUTION:
OBAMA NOW BACKS GAY MARRIAGE… [ Well, with some frolicking documented cocaine/gay sex
romping in his past, he’d be hard pressed not to. Interestingly, Clit Eastwood
has come out in favor of gay marriage saying he doesn’t give a f**k… good for
you Clit; spoken like a true egalitarian. Truth be told, I always liked those
spagetti westerns that put him on the map; his own ‘Pale Rider’, particularly;
and of course, the ‘Dirty Harry’ series. Aside from that, I find him/his films
boring, shallow, and plebian beyond tears; hardly the philosopher king. Yet, I
also don’t give a f**k regarding gays living their lives as they wish, with full
constitutional protections consistent with their presumed law-abiding lives,
particularly in a world like this, such as it is. But, that doesn’t mean the
‘state’ must get behind (no pun intended) same. There are few if any legal
statuses that can’t be achieved through legal document, ie., adoptions, trust
beneficiaries, etc.. Marriage, procreation, the province of a man/woman
relationship has always been a given. Also interesting was the take on same by
reknown Psychiatrist Maslow (his famed, laudable work regarding hierarchy of
needs, etc., needs no introduction) who wrote and posited that homosexuality
was physically, anatomically contraindicated. Again, let me reiterate a live,
let live position while cautioning against the state getting behind (again, no
pun) same and potentially giving young, pubescent, impressionable boys the idea
that penises were made for male a**holes and not female vaginas. ] ... OBAMA ADMITS
FABRICATING GIRLFRIEND IN MEMOIR { Latent gay man obama - ... Barack Obama: The
Naked Emperor Shocking but true revelations from David Icke| ..Obama is just
more of the same, a big smile with strings attached, and controlled completely
by those that chose him, trained him, sold him and provided his record funding,
kept his many skeletons under wraps, like the gay sex and crack cocaine ..
Larry Sinclair (from affidavit: 1. Who is Ron Allen that claims to be with your
Presidential camp, who is alleged to claim that someone claiming to represent
me called asking for $100,000, to keep me from coming forward about our (Obama
and I) November 1999 encounter of sex and cocaine use?), ... Obama is just
another Banksters' moll prostituting himself .., and that's why he supported
the grotesque bail-out of the banking system and why he will always put their
interests before the people. ] http://albertpeia.com/obamadeceptionhighqualityversion.flv }
OBAMA NOW BACKS GAY MARRIAGE
Raises $1
Million in 90 Minutes...
GAWKER:
Bulls**t Announcement...
LAWYER: MORE
Travolta accusers coming forward...
5-08-12
GALLUP:
ROMNEY RETAKES LEAD...
UPDATE: Empty
seats haunt Obama...
VOTED OUT!
AFTER 36 YEARS IN SENATE...
HOUSE TO
VOTE ON ‘DEFENSE OF THIEVING NIGGERS TRAYVON LAW’...
Would cut
funding to states with self-defense laws {only criminals can offensively use
weapons}...
Over 1300
Tubes Damaged at Ailing San Onofre nuke plant...
Vague
'evolving' gay marriage stance under scrutiny...
Reporters
'laugh at' flustered WH spokesman...
John
Travolta sued for $2M by masseur 'over sexual assault'...
REPORT:
Second Male Masseur Files Suit… {Star of gotti biopic outed after years of
innuendo, suspicion; did gotti have a secret life beyond what we’ve been told?
Naah…it was probably that tony manero guy that always seemed more interested in
dancin’ than *******! Travolta, the avowed scientologist, should have hooked up
with latent gay wobama…better security!}...
5-07-12
GALLUP:
ROMNEY RETAKES LEAD...
Labor Force Participation
Lowest Since 1981...
Disability
applications soar...
Gloom builds
for euro zone, United States..
OBAMA OPENS
TO EMPTY SEATS...
REPORT: DOJ
fails to nail Wall St. bigs...
No. of
corporate securities and bank fraud prosecutions at 20-year low…[ wobama/holder
jive-talk/b***s***, corruption, cowardice! You remember all that campaign
rhetoric of yesteryears election. ]...
Oil Prices in Free Fall as Worries
Spur Selling...
OBAMA
CAMPAIGN LAUNCH IN HALF EMPTY STADIUM?
Taliban
STRONGER than before U.S. troop surge?
Space
weather expert has ominous forecast...
FRANCE TURNS LEFT...
Battle with
Berlin...
EU DRAMA...
Sarkozy
latest victim of anti-incumbent backlash...
Hollande:
'My real enemy is world of finance'...
Obama
invites to White House...
New First
Lady nicknamed 'Rottweiler'...
Wealthy eye
move across Channel...
Euro
Weakens...
5-04-12
UN: USA should
return stolen land to Indian tribes...
Anemic jobs
data hit Obama launch; Official campaign starts under shadow...
Labor Force
Participation Lowest Since 1981...
Disability
applications soar...
Gloom builds
for euro zone, United States..
Oil Prices in Free Fall as Worries
Spur Selling...
Paul Ryan:
Obama's 'Julia' website 'creepy' and 'demeaning'… {Ryan forgot to say
‘pathetic’!}...
5-03-12
UPDATE:
Arrest made in black-mob attack on whites...
Romney team
sees path to winning presidency…{Indeed! Congratulations President Romney and
First Lady Ann!} ...
Americans
flee banks for home safes {Sounds like a plan!}...
Young
Italians flock to become shepherds...
Spain's poorest
region suffers 32% unemployment...
Student's
ordeal in DEA jail sparks outrage...
Chinese
Activist Makes Plea to U.S. Congress...
Obama under
fire... {While there’s plenty of deserved critism for wobama, on a
multitude of issues, and should indeed be voiced by a multitude of people;
smith of pervasively corrupt, mob infested/controlled jersey is not one to be
doing the criticizing. As with america generally, there is certainly nothing
positive that can be said of the sordid state of new jersey!}
BLIND
CHINESE ACTIVIST: THE PERFECT NEW AMERICAN CITIZEN – DOESN’T KNOW ANYTHING ABOUT
AMERICA AND HE IS BLIND! US
Using Staged “Blind Activist” Stunt For Leverage Ahead of Talks
Prisonplanet.com
Why
Is It Necessary For The Federal Government To Turn The United States Into A
Prison Camp?
http://albertpeia.com/usprisoncamp.htm
{ I
really must say that this is a tough one because
the vast majority of
americans are inherently criminal, with the highest crime rates in the world
among the so-called ‘civilized’ nations (you can’t count the niggers of
sub-saharan africa as civilized, and there’s no question but that the niggers
have disproportionately skewed the american crime rates, particularly violent
crimes, higher); including, from my direct observation and experience, that
within all three branches of the u.s. government. Indeed, the (should be
prison) inmates are running this asylum called
http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm http://albertpeia.com/americangovernmentdrugtrafficking.htm http://albertpeia.com/americascorruptiondrugtrade.htm
] }
5-02-12 OBAMA ADMITS
FABRICATING GIRLFRIEND IN MEMOIR { Latent gay man obama - ... Barack Obama: The
Naked Emperor Shocking but true revelations from David Icke| ..Obama is
just more of the same, a big smile with strings attached, and controlled
completely by those that chose him, trained him, sold him and provided his
record funding, kept his many skeletons under wraps, like the gay sex and crack
cocaine .. Larry Sinclair (from affidavit: 1. Who is Ron Allen that claims to
be with your Presidential camp, who is alleged to claim that someone claiming
to represent me called asking for $100,000, to keep me from coming forward
about our (Obama and I) November 1999 encounter of sex and cocaine use?), ...
Obama is just another Banksters' moll prostituting himself .., and that's why
he supported the grotesque bail-out of the banking system and why he will
always put their interests before the people. ] http://albertpeia.com/obamadeceptionhighqualityversion.flv }
ASKS: 'Why
black people so angry all the time'{ Short answer: because they were born
niggers! }...
OBAMA: 'That
was an example of compression'...
NATO CHICAGO
STYLE: SHOOT TO KILL...
Student
drank own urine while feds left in cell for 5 days...
China
activist appeals to Obama to get him to USA...
5-01-12 CAMPAIGN
STOP: KABUL
1,275 U.S.
soldiers killed in Operation Enduring Freedom since president inaugurated...
Fed
Officials: US Economy Faces Risk of 'Fiscal Cliff' At Years End...
MILBANK:
Preezy making me queasy... ‘campaigner in chief…The preezy of the United
Steezy is making me queasy…According to statistics compiled for a book to be
published this summer, the president has already set a record for total
first-term fundraisers — 191 — and that’s only through March 6. Measured in
terms of events that benefit his reelection bid, Obama’s total (inflated in
part by relaxed fundraising rules) exceeds the combined total of George W. Bush, Bill Clinton, George H.W.
Bush, Ronald Reagan and Jimmy Carter… “Not everything should be subject to
thinking about the next election instead of thinking about the next
generation,” Obama said of the Republicans. “Not everything should be subject
to politics.” [ Typical nigger jive-talk / b***s***! ] ‘He should follow his
own advice.’ … [ Bravo Mr. Milbank. And, don’t worry … wobama the b for
b***s*** is done! ]
SEALS SLAM
OBAMA FOR MAKING IT POLITICAL
GOP SEN:
'Shame on Barack Obama'...
FLASHBACK:
Obama '08 Accused Clinton of Using Terror Leader To 'Score Political Points'...
CHICAGOLAND:
Teacher tells students NRA wants 'porch monkeys' to die…[Sounds like a
plan!]...
Campaign ad
says Romney wouldn't have ordered raid to kill Osama bin Laden … [Coulda…Woulda…If
wobama’s grandmother had wheels she’d have been a trolley car…There’s
documentation from reliable military sources that the ‘staged event’ for
political capital at a time wobama was generating record low polling numbers
did not in reality result in Osama’s death – there are also varying views, from
already dead, body on ice and reason for quick burial at sea, etc., see infra
]... http://albertpeia.com/binladendeadandonicesince2001.htm
“Bin
Laden” Heroes Probably Murderered to Keep Them Quiet ... Gordon Duff Veterans
Today
FLASHBACK:
Eyewitness to OBL Raid Saw Helicopter Explode (TRANSCRIPT) [ As
indicated on this albertpeia.com website, I didn’t buy the administration’s
desperate and politically opportunist Osama event and still don’t buy it; and
further, I believe this! ]Veterans
Today | TRANSCRIPT of critical interview with Pakistani
eyewitness to Bin Laden raid. Is this the key to SEAL Team 6′s demise?
“Bin Laden”
Heroes Probably Murderered to Keep Them Quiet Gordon Duff
Veterans
Today August 7, 2011 | Some Possibly Killed in Abbottabad Helicopter
Crash Months Before. [ As indicated on this albertpeia.com website, I didn’t
buy the administration’s desperate and politically opportunist Osama event and
still don’t buy it; and further, I believe this! ] Today 31 NATO troops, 20 of
them Navy Seals from the Osama bin Laden operation died in what is reported as
a helicopter crash in Afghanistan.
‘The chance of this
story being true is almost nil. The chances of this being a staged coverup is
over 80%. We believe these people were murdered to silence them. This is why.
We have solid
information on two areas:
This gave the US several
areas of severe vulnerability. Generally, Navy Seals are the best people in the
world at keeping their mouths shut, these are real team players, as the term
“Seal Team” belies.
Petraeus is a possible
presidential contender and had to be denied this “gift from heaven,” a fast
track to the oval office for sure.
Again, I remind you, I
went over specific meetings on bin Laden with his handlers, getting every last
detail. I have watched what has gone on, the continuing need to vilify a long
dead top CIA operative to provide residual cover for the Bush administration…
The reason? Bush and his
cronies are all facing charges of war crimes, not just in minor jurisdictions
but heading for the ICC, putting them on the dock with Gaddafi ( a far less
harmful character).
... Read full
article ‘ http://albertpeia.com/binladendeadandonicesince2001.htm
4-30-12
BARACK
BIZARRE: PRESIDENT JOKES ABOUT EATING DOGS?
'What's the
difference between hockey mom and pit bull? A pit bull is delicious'...
20 years
after LA Riots, 22 murders remain unsolved...
SHOCK CLAIM:
No housing rebound 'for a generation'...
PAPER:
Obama's new slogan has long socialist past...
Farrakhan:
Joining U.S. Military Is Fighting 'for the Enemy'..
WIRE: Obama
Fails to Stem Middle-Class Slide He Blamed on Bush...
Jon Lovitz
scorches Obama again: 'President lying to get votes'...
SEALS SLAM
OBAMA FOR MAKING IT POLITICAL
GOP SEN:
'Shame on Barack Obama'...
FLASHBACK:
Obama '08 Accused Clinton of Using Terror Leader To 'Score Political Points'...
CHICAGOLAND:
Teacher tells students NRA wants 'porch monkeys' to die…[Sounds like a
plan!]...
Campaign ad
says Romney wouldn't have ordered raid to kill Osama bin Laden …
[Coulda…Woulda…If wobama’s grandmother had wheels she’d have been a trolley
car…There’s documentation from reliable military sources that the ‘staged
event’ for political capital at a time wobama was generating record low polling
numbers did not in reality result in Osama’s death – there are also varying
views, from already dead, body on ice and reason for quick burial at sea, etc.,
see infra ]... http://albertpeia.com/binladendeadandonicesince2001.htm
“Bin
Laden” Heroes Probably Murderered to Keep Them Quiet ... Gordon Duff Veterans
Today
FLASHBACK:
Eyewitness to OBL Raid Saw Helicopter Explode (TRANSCRIPT) [ As indicated
on this albertpeia.com website, I didn’t buy the administration’s desperate and
politically opportunist Osama event and still don’t buy it; and further, I
believe this! ]Veterans Today
| TRANSCRIPT of critical interview with Pakistani eyewitness to Bin Laden raid.
Is this the key to SEAL Team 6′s demise?
“Bin Laden”
Heroes Probably Murderered to Keep Them Quiet Gordon Duff
Veterans
Today August 7, 2011 | Some Possibly Killed in Abbottabad Helicopter
Crash Months Before. [ As indicated on this albertpeia.com website, I didn’t
buy the administration’s desperate and politically opportunist Osama event and
still don’t buy it; and further, I believe this! ] Today 31 NATO troops, 20 of
them Navy Seals from the Osama bin Laden operation died in what is reported as
a helicopter crash in Afghanistan.
‘The chance of this
story being true is almost nil. The chances of this being a staged coverup is
over 80%. We believe these people were murdered to silence them. This is why.
We have solid
information on two areas:
This gave the US several
areas of severe vulnerability. Generally, Navy Seals are the best people in the
world at keeping their mouths shut, these are real team players, as the term
“Seal Team” belies.
Petraeus is a possible
presidential contender and had to be denied this “gift from heaven,” a fast
track to the oval office for sure.
Again, I remind you, I
went over specific meetings on bin Laden with his handlers, getting every last
detail. I have watched what has gone on, the continuing need to vilify a long
dead top CIA operative to provide residual cover for the Bush administration…
The reason? Bush and his
cronies are all facing charges of war crimes, not just in minor jurisdictions
but heading for the ICC, putting them on the dock with Gaddafi ( a far less
harmful character).
... Read full
article ‘ http://albertpeia.com/binladendeadandonicesince2001.htm
Sarkozy on
defensive in bitter final election battle...
Unease
grows...
'The Merkozy
era is over'...
4-27-12 PLUNGE: GROWTH FALLS TO 2.2%...
BIG DROP FROM 4Q'S 3.0%...
ANALYSTS PREDICTED 2.6%...
U.S. Firms Add Jobs, but Mostly Overseas...
Falling home prices drag new buyers under water...
Homeownership Hits Decade Low...
Spanish
unemployment hits record 24.4%...
Republicans prepare contempt citation against
Holder...
'Obama attempts to intimidate contributors to Romney's
campaign'... http://albertpeia.com/obamaattemptsintimidationofcontributorstoromney.htm
OBAMA SPIKES FOOTBALL -- AGAIN!
4-26-12
More
Americans Than Projected File Jobless Claims...
Employers add just 120,000 jobs;
lowest since October...
POLL: Young People May Not Bother to Vote for Obama...
{ Yeah, come on! Smart (if they don’t)! As a matter of self-respect, how could
they possibly vote for wobama the b for b***s***. Sure, that disingenuous
smile/spiel; then…just the opposite or nothing at all! }
REPORT:
Michelle's Spanish Vacation Cost Taxpayers $467,585 [moochelle … what a typical
nigger … and as always, in your face, tauntingly so! They’re just typical
niggers who come november, will indeed be packing and gone by innauguration or
sooner which is not soon enough. ] ...
Blue collar
Dems jealous, angry over lavish vacations...
'Fantasy' is
to walk out WH 'and just keep walking' [ That wish is granted! Start packing! ]
...
Says she
won't run for president...
MOST
UNPOPULAR GOV'T IN 15 YEARS
Hawk Flies
Off With PLAYBOY Playmate's Puppy... [ Truth be told, though
numbering few, Hawks are my favorite bird, followed by the Humming Bird (their
aerodynamics), and finally, The Owl. ]
4-25-12 BERNANKE CAMPAIGN PITCH: Don't
worry, folks, it's all about to get much, much better...
FLASHBACK
FEBRUARY: 'Increased Possibility of a Sudden Fiscal Crisis'...
Romney would
boot Ben... [ Now we know the reason for bernanke’s pro-wobama politicking:
Reuters: Mitt Romney says he would boot Ben Bernanke - The Trail The likely
Republican nominee says, “I’d be looking for somebody new” to run the Federal
Reserve if he’s elected president. Romney criticized Fed Chairman Bernanke for
printing too much money in a bid to stimulate the economy. (April 25, 2012) Drudgereport:
Romney would
boot Ben... And, not only because bernanke as has obama failed
miserably; good, sound management all but requires that he do so (as per the
late Peter Drucker among the multitude of Management experts). Wobama, the lazy
jive-talking b***s*** artist, despite campaign rhetoric to the contrary,
literally continued all things dumbya bush. ]
'HIT THEM AS
HARD AS YOU CAN'...
Senator
launches probe over scare tactics...
VIDEO...
Salazar: 'No
one knows' if US headed to $9 a gallon...
EPA OFFICIAL: 'CRUCIFY' OIL & GAS COMPANIES
REPORT:
Zimmerman 'has black roots'...
RNC chief
asks for federal probe of Obama campaigning on taxpayer's dime...
Michelle
Hails Free-Contraception Mandate: 'We Made History'...
Student Loans: The Next $1 Trillion
Bailout?
Britain in double-dip recession...
Europe
'faces a Japan-style Lost Decade'...
'ECONOMIC
SUICIDE PACT'...
Gov't gives
away money to turn spinach into energy...
SENATOR:
Save USPS with wind farms...
House Dem:
Unemployed Will Vote For Obama To Keep Their Benefits...
4-24-12 REPORT: Mexicans flee Obama economy...
NOT AMUSED: Former SNL cast comedian calls Obama 'f***ing
a**hole' over high taxes...
As senator, Obama skipped votes on student loan bill
he now wants to extend...
'ARE YOU BETTER OFF?'
US home prices drop for 6th straight month...
'A BETTER AMERICA BEGINS TONIGHT'...
'Tonight is the beginning of the end of the
disappointments of the Obama years'...
UPDATE: Kidney donor wants organ back from ex-boss {
This story is outrageous and beyond words – the businesses of the victim’s
ex-boss should be boycotted until they’re out of business! } ...
Immelt defends GE's tax bill...
Protesters chant: 'Pay your fair
share'...
FLASHBACK: GE Files 57,000-Page Tax Return, Pays No
Taxes on $14 Billion in Profits...
4-23-12
MARCO AND
MITT...
Rubio to deliver
'major speech' on foreign policy...
Iraq War Vet
of 3 Tours Shot Dead -- Outside CA Party... [ Wobamaland California
More Dangerous than Wartime Iraq! http://albertpeia.com/16reasonstomoveawayfromcalifornia.htm ]
IT'S MY
GOVERNMENT...
OBAMA'S
MEDICARE SLUSH FUND MASKS OBAMACARE BEFORE ELECTION...
Admin.
refuses to cancel spending...
NAACP
supports 'stand-your-ground' (but only when it favors a nigger) in domestic
abuse case ...
SET FOR
FREEDOM...
Urged to lay
low amid threats...
BAIL
GRANTED: ZIMMERMAN...
MAKES
STATEMENT TO COURT...
VIDEO...
Wife
testifies by phone after threats...
Trayvon
Martin family refuses meet with shooter...
4-20-12
Dem Sen
unsure if he will vote for Obama...
MF Corzine
still bundling cash for prez...
Scandals
sidetrack campaign...
HARNDEN:
'Already in deep trouble'...
Booed in
Boston...
Zuckerman:
Economic Programs Have Failed...
GOV'T: Food
Stamp Rolls Explode By 70%...
Record 5.4 Million
Sign Up For Disability Under Obama...
Growing
movement of squatters in USA...
Noonan:
America's Crisis of Character...
BAIL
GRANTED: ZIMMERMAN...
MAKES
STATEMENT TO COURT...
VIDEO...
Wife
testifies by phone after threats...
Trayvon
Martin family refuses meet with shooter...
DERSHOWITZ
BLASTS PROSECUTION: 'NOT ONLY IMMORAL, BUT STUPID'... [ Indeed! And,
make no mistake, I never would have thought I’d be agreeing with Alan
Dershowitz on anything: http://albertpeia.com/trayvonnewtawana.htm
]
BANG, BANG ‘…His
surprising testimony came the same day that ABC News exclusively obtained a
photograph showing the bloodied back of Zimmerman's head, which was apparently
taken three minutes after he
shot and killed Martin. The photo could give credence to Zimmerman's claim that
Martin had bashed his head against the concrete as Zimmerman fought for his
life…’
GOOGLE
FOUNDERS PLAN SPACE BIZ { Spaced out! The new boondoggle! Clearly,
in desperation this must be the NSA (recall that google has that ‘cozy’
relationship with the NSA presumably for your data, searches, activity, etc.)
pushing their ‘spread the new propaganda / b***s***’ line, the googleheads
their mouthpiece! How totally pathetic! How totally desperate! Unfortunately
for them, the writing’s already on the wall; hence, their inconsequential, too
little too late, desperation. If this wasn’t so pathetically desperate and
tragic, this would be laughable; not to mention the costs relative to benefits
(I wonder what the insurance premiums alone on this pipedream would be – oh,
right, self-insurance). Let’s see where they divert the new boondoggled funds
from; stock issue?, taxpayers?, illegal drug trade – strike that as doubtful –
they’re the greediest and lack the patience for a drawn out score! Of course
the other possibility that begs the typical california question of these
california googlers is, ‘what have they been smoking’? http://albertpeia.com/nsawhistleblowerspeaks.htm }
4-19-12 CBO: Food
Stamp Rolls Explode By 70%...
POLL:
Obama's popularity abroad [and domestically] on wane...
Romney
Visits Empty Factory to Mock Obama...
SOLYNDRA
Building for Sale!
OBAMA JOBS
PLAN: WORK AND GET UNEMPLOYMENT...
VA's
Disability Claims Backlog Pushes 900,000...
4-18-12 THE FALL OF
SARKOZY?
Panetta:
'We're within an inch of war almost every day'… [ Just the way the military
industrial complex likes it! ]...
White House
denies 'deal' on Panetta commute...
LA Schools
May Lower Graduation Standards To Curb Dropouts... [ Sounds like a
california dreamin’ nightmare plan http://albertpeia.com/16reasonstomoveawayfromcalifornia.htm #11 California Has Some
Of The Worst Schools In The Nation Many families are moving away from California because the public schools
are absolutely nightmarish. The truth is that California has some of the
worst schools in the entire nation. In the late 70s, California was
number one in per-pupil spending on education, but now the state has fallen to 48th place. ]
NY
law would identify buildings with smokers...
Bloomberg
Strikes Again... [‘There
are many more examples of this "control freak" mentality. As I
wrote about recently, one California town is actually considering making
it illegal to smoke in your own backyard.’ http://albertpeia.com/16reasonstomoveawayfromcalifornia.htm
]
Romney: No
Greek Columns This Time Around...
Obama as a
Boy Ate Dog Meat [ And, you can bet there’s canabalism in his line; his father being
an african ape nigger and his mother a flaky whore; you know, that typical type
that schtooped niggers back in the day! ]...
Obama
campaign tries to diversify...
...looking
to hire more African-Americans [ More dead-weight, contentious,
unproductive make-shift, make-work, costly welfare job niggers … just what the
nation, strike that, wobama campaign needs.]
Farrakhan
Warns Whites: 'Unless You Change, Your End Has Come'… [ They call this a
self-destructive manifestation of the Oedipal Effect: Goodbye niggers, aka
unevolved apes/chimps/monkeys – Your end’s already here! Your jigs are up, and you boos are down! Everyone’s onto your nigger jive! Look in the
mirror! If only you could change / evolve faster! ] ...
HOLDER
PRAISES FELLOW APE SHARPTON, ONE INCOMPETENT NIGGER TO ANOTHER ...
'SECOND
DEGREE MURDER'...
'We do not
prosecute by public pressure or by petition'[B***S***!]...Tyson on Zimmerman: 'It's a disgrace that man hasn't been shot
yet' [ Spoken like the true ape, dumb nigger he is! If he had been an extra
in ‘Planet of the Apes’, they could have saved money on make-up / costumes. The
reality is, if that were the criterion and rule, given the overwhelming
prevalence of black violence, particularly black on white violence, there’d be
a lot of dead niggers. Niggers are a scourge wherever they are; a black plague,
if you will. The reality is that in this nation, having been overrun by
niggers, americans have become the new age dinosaurs. As for tyson, the ugly
little monkey that no one wanted, now full-grown angry ape, his IQ is well
below the average 100. Ape tyson is just a disgrace, period. He’s a typical
ignorant, violent ape/nigger. Life with ape tyson, also a convicted rapist, was
described by his then (soon to be former) wife, Robin Givens, in a live
televised interview with him present (you can only imagine the unsaid) as
‘hell’. He’s mentally deranged (too many head shots?), but he does profess
typical nigger sentiment. (Mike
Tyson vs. Robin Givens: … biggest fight | Ebony ... Eight months after Mike Tyson and Robin Givens were married on Feb. ...
beatings -- she filed for divorce)
Panthers
Call For Violent Revolution, Race War, Bloodshed Against ‘Honkies’ (Video) Some typical comments: Reply:
April 11th, 2012 at 9:51 pm 11 percent of population and they always have thier
hands out begging for more.No matter how much you give them its never
enough.Filthy animals is all they are. (Absolutely correct!)
Dandroid Reply:
April 11th, 2012 at 5:47 pm
Show trial to keep the peace? Cities will burn if hes found not guilty!
Startover Reply:
April 12th, 2012 at 12:04 am
Let the cities burn, send the Army in to finish them off
George Zimmerman is totally innocent
Trayvon is a punk ass killer (also a known thief and would be in futuro typical
nigger criminal)
There is only one victim in this case and that is Zimmerman
Eduard Reply:
April 11th, 2012 at 7:28 pm
Precisely!! That was my thought. This press release sounded more like a minor
league actress thanking everyone at a Grammy Award for her success. Then again,
I can’t emphasize enough how despicable the “lawyer” field really is. There is
no shame in it. The profession is a giant conflict of interest. Moreover, the
rules of lawyer ethics always being pulpitted is nothing more than consumable
fodder for the gullible. Ethics and lawyers? Laughable isn’t it? That’s like
Lucifer passing out copies of the decalogue. This whole twist to the
“mestizo-reported-as-a-white man” Zimmerman case has notched into a renewed
effort of politicalization for formenting a racial war. …’ ]
Heroin
dealer uses welfare EBT card to post bail [ Yes, he’s a nigger; with unreported
cash drug income that gives him welfare as well! ] ...
New Black
Panther Party chief of staff apologizes after radio outburst...
'The
things that's about to happen, to these honkeys, these crackers, these pigs'...
Black
residents fearful after shootings in Tulsa… [ Now they know how the ‘white
folk’ feel, everywhere, every day, and the black on white violent crime stats
overwhelmingly prove the reality and legitimacy of that concern! Civilized
people everywhere are tired of the typical nigger b***s***! ]...
RACE WARS: ZIMMERMAN
BREAKS SILENCE...
Family
challenges Holder on New Black Panthers...
Hacked
roadsign reads: 'Trayvon a n*****'...
CNN says
'f****** n*****' on air...
Anchor:
'N*****' Should Replace 'N-word' in News Reports...
Government
Surveillance Crackdown On Internet Goes Into Overdrive...
Congressman
fears Obama power grab in 'emergency'...
Fidel Castro
mocks Obama over 'guayabera' diplomacy...
REPORT: 'Stunning lack of diversity'
in Obama's re-election campaign [ I’d say this is more embarrassing for the
self-destructive whites who are for obama; after all, who would be foolish
enough to hire the typically uncivilized, problematic, violence / crime prone,
etc., blacks? ] ... { to be fair and balanced,
the RICO litigation involves those uncivilized who consider themselves ‘whites’
http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf
(predominantly but not exclusively jews / romans-italians / mobsters /
government slugs). }
$1 million
pizza party in Detroit -- on sterling silver plates!
WHouse
basketballs emblazoned with Obama's image...
HOODIE ON
THE HILL...
VIDEO: Dem
Rep Kicked Off House Floor... [ Typical noisy nigger in the house of bad black reps. Female members,
keep your purses close when ‘bobby bobby r’ is near; the temptation might prove
to be too much for his inner rap nigger soul man. ]
Ex-Black Panther...
Another
Says Trayvon 'Hunted Down Like Dog'
[Well, if the shoe fits … but, actually, niggers are more like apes,
monkeys that only evolved to a point… and some dog-lovers might be offended by
comparing niggers to dogs. ]...
Pentagon
unaware of 'secret deal' between Obama, Kremlin ... [ Wobama’s done! Those
black niggers have stunk-up the Whitehouse for too long! http://albertpeia.com/bobobamathetraitor.htm ]
Black Panthers
offer $10,000 bounty for 'capture' of Trayvon Martin's killer … [ who do these
filthy niggers think they are? ] Take a look at this nigger who kills a white
man during robbery, without any provocation from the victim ... http://albertpeia.com/typicalblackmanonneighborhoodwatch.htm
Shooter of Florida
teen not a racist, lawyer says...
SECRET
WITNESS: Self-defense... [Witness:
Martin attacked ZimmermanUpdated: Monday, 26 Mar 2012, 2:57 PM EDT
ORLANDO - A witness we haven't heard from before paints a much different
picture than we've seen so far of what happened the night 17-year-old Trayvon
Martin was shot and killed.The night of that shooting, police say there was a
witness who saw it all.Our sister station, FOX 35 in Orlando, has spoken to
that witness.What Sanford Police investigators have in the folder, they put
together on the killing of Trayvon Martin few know about.The file now sits in
the hands of the state attorney. Now that file is just weeks away from being
opened to a grand jury.It shows more now about why police believed that night
that George Zimmerman shouldn't have gone to jail.Zimmerman called 911 and told
dispatchers he was following a teen. The dispatcher told Zimmerman not to.And
from that moment to the shooting, details are few.But one man's testimony could
be key for the police."The guy on the bottom who had a red sweater on was
yelling to me: 'help, help…and I told him to stop and I was calling 911,"
he said.Trayvon Martin was in a hoodie; Zimmerman was in red.The witness only
wanted to be identified as "John," and didn't not want to be shown on
camera.His statements to police were instrumental, because police backed up
Zimmerman's claims, saying those screams on the 911 call are those of
Zimmerman."When I got upstairs and looked down, the guy who was on top
beating up the other guy, was the one laying in the grass, and I believe he was
dead at that point," John said.Zimmerman says the shooting was self
defense. According to information released on the Sanford city website,
Zimmerman said he was going back to his SUV when he was attacked by the
teen.Sanford police say Zimmerman was bloody in his face and head, and the back
of his shirt was wet and had grass stains, indicating a struggle took place
before the shooting.’ ] Trayvon Martin shooter: Teen went for my gun
Hoodie-Wearing
niggers Kill 1, Wound 5 in Congressman's District... http://albertpeia.com/niggersinniggertown.htm [ 13 shot, 2 dead in Chicago in six hours Thursday night ]
'There were
young men scattered everywhere'... [ http://albertpeia.com/obamaslammedforsilenceonwhitestudentsmurderedbyblack.htm , http://albertpeia.com/typicalblackmanonneighborhoodwatch.htm
, http://albertpeia.com/blackonwhitecrime.htm , VIDEO: Black
Student Becomes Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm , http://www.albertpeia.com/whitesvictimizedbyblacks.htm
]
Buchanan: It's all about race
now...
NAACP
condemns nigger apeman sharpton's call for escalation in civil disobedience...
Talkradio
host calls for arrest and removal from MSNBC...
Detroit
Preacher: 'Isn't The Mood In This Nation That White People Are Better Than
Black? [ That’s not the mood, that’s reality; the plain, raw, unvarnished
truth! And, not just whites; viz., Asians, Hispanics, real American
Indians, etc., and most feral beasts except
dogs are better than blacks who are at best their equals, though some dog
owners/lovers may dispute that. Niggers are a scourge on civilized society
wherever they are. Just look around, worldwide, wherever they are, in
concentrations particularly; it’s the same nigger story. That’s the way they
are. That’s what they are. They are a blight on any neighborhood. They are a
blight on any society and an insurmountable burden. They bring any society
down. Some will argue, how ‘bout sports?, to which one may reply, ie., just
because you go to horse races, doesn’t mean you want to live with horses, or,
just because you have monkeys in zoos doesn’t mean you want to live with them,
etc., much less cede control and affect over society to them. ] '
10. Trayvon
Martin was suspended from school three times in the months before he was shot
dead by a neighborhood watchman, it emerged today.
11. The facts,
revealed in a leaked report, paint a different picture of a teenager who
frequently found himself in trouble with authorities.
12. It was also
revealed that he might have attacked a bus driver, according to a Twitter
account that it is claimed belonged to the teen.
The Miami Herald claims that in October, he was
caught with a 'burglary tool' - a flathead screwdriver - and 12 pieces of
women's jewellery. Martin insisted that they did not belong to him.
POLICE:
Black teenagers light 13-year-old on fire; 'You get what you deserve, white
boy'...
Typical n*****s! Come on! People are tired of making making up excuses
for the blacks. It’s always the same story with them, no matter where. http://www.albertpeia.com/whitesvictimizedbyblacks.htm
http://www.albertpeia.com/whitesvictimizedbyblacks.htm Drudgereport:
'Mob' beatings at WI state
fair... 'Hundreds of
young black people beating white people'... [ Typical n*****s! Good thing there are food stamps;
otherwise they’d be reverting to their inherent proclivity for canabalism (send
them back to africa … even give them a lump sum for an irrevocable repatriation
incentive … a huge cost-saving beyond the first year with substantial salutary
effects for the nation, the economy, and the remaining civilized non-blacks).
The other major crimes they do anyway. It’s their nature. You’ll never change
the nigger … they evolved only to ‘a point’ and no further. ] Fairgoers 'pulled out of
cars'... 'They were
just going after white people'... Heightened
security... [ I refrained from using the ‘n word’ (or
even blacks / negroes) in referring to the culprits in the following two
incidents (those tender sensibilities) but I’m sure you’ve guessed that they
were niggers and I include same here in light of the foregoing incident (and yes,
the victims were white), which is typical. ‘.. while walking through Military
Park (a sliver of a “park” - more a pedestrian thoroughfare/cement walks) in
newark, new jersey on the way to the bank during lunch hour, I heard the
clearly audible screams/cries of what turned out to be an old lady on the
ground with blood streaming from her mouth. I ran toward the sound of the
cries, the source of which I could not see because there were so many people in
and about this thoroughfare so as to block any vision of the source of the
cries. When I came to the woman, on the ground, blood streaming from her mouth,
I asked what happened, to which she responded she had been hit in the mouth and
knocked to the ground, her purse stolen/put inside her shopping bag, and she
pointed out the criminal casually now walking across the main street. Nobody
stopped to help her, many having passed her by. I slammed the thug to the
ground so hard that, in light of all the blood and confusion (limbic system /
adrenalin flow) I thought I had been stabbed (the blood was from his elbows
hitting the pavement so hard - no one helped / a crowd gathered / an undercover
cop happened along). When I testified at the Grand Jury Proceeding I made sure
his threat on my life was set forth in prima facie fashion so as to maximize
the DA’s position with both felonies ( he went to prison – pled out ). The
other case I wrote about here ( This was included on my website in the
Psychology forum discussion of ‘bystander effect’ / diffusion of responsibility.
) - Having had occasion to have run down a mugger in newark, n.j. who
apparently had followed a girl from the bank on her way to the bursar to pay
tuition, though in pretty good shape, I was astounded by how totally exhausting
such a pursuit was, how much like rubber my arms were when I traded punches
with the perpetrator, and truth be told, if I had a flashlight on my belt, I
have little doubt that I would have probably used it to subdue the perp (a
police officer here in California was the object of intense criticism for
having used a flashlight to subdue a criminal
/ nigger after a long chase so I included that here) . The girl was not
that seriously injured, did get her pocketbook and tuition back, and the criminal
/ nigger went to jail (where they belong). The other thing about such a pursuit
that amazed me was that no one else assisted the girl or me despite being in a
position to do so. I was also mugged by 4 niggers and 2 hispanics in an
incident here in Los Angeles, CA. But, to be fair and balanced, the RICO
litigation involves those uncivilized who consider themselves ‘whites’ http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf
(predominantly but not exclusively jews / romans-italians / mobsters /
government slugs). ]
Black Serial/Mass/Spree Killer List:
1. Matthew
Emanuel Macon (Murdered and Raped 5 White Women in Lansing)
2. Jimmie
Reed (Murdered his wife and his 2 month old daughter and set them on fire)
3. Shelly
Brooks (Murdered 7 prostitutes in Detroit Cass Corridor)
4. Justin Blackshere
(Stabbed two white cooks at Cheli’s Chili downtown Detroit)
5. Jervon
Miguel Coleman (Murdered three people.)
6. Donell
Ramon Johnson (Murdered a mother and a daughter)
7. Brian
Ranard Davis (6 women known murdered by nigger)
8. Paul Durousseau
(Seven women)
9. Mark Goudeau “The
Baseline Killer” (Eight women and a man in 2005-2006)
10. Coral Eugene Watts
(11 women in Texas & 1 in Michigan)
11. Anthony
McKnight (Five girls and young women)
12. Derrick Todd Lee
(8 Women)
13. Charles
Lendelle Carter (4 known murders; admits to ‘hunting’ Atlantans for 15
years!)
14. The Zebra Killings
(71 White people)
15. Chester Turner
(L.A.s most prolific killer 12 women killed.)
16. Lorenzo
J. Gilyard (Kansas City, MO.—13 victims)
17. Eugene
Victor Britt (Gary, IN.–3 known murder/rapes.)
18. Reginald and
Jonathan Carr (The Wichita Massacre–6 Whites murdered)
19. Ray Joseph
Dandridge and his uncle, Ricky Gevon Gray (Richmond, VA.–Murdered 7 people
in 7 days, including an entire White family.)
20. The
Tinley Park Murderer (Suspect hasn’t been found but has been described as
black – murdered 5 women in a store.)
21. Henry Louis
Wallace (Raped and strangled 5 women to death.)
22. Charles
Johnston (Murdered 3 unarmed white men in hospital)
23. Craig Price
(Brutally murdered 3 women)
24. Harrison
Graham (Brually Murdered 3 women)
25. Charles
Lee “Cookie” Thornton (Murdered 6 Whites at the Kirkwood, MO. city council.
)
26. & 27. Darnell
Hartsfeld & Romeo Pinkerton (Abducted and Murdered 5 from a restaurant)
28 &29. John Allen Muhammad & Lee Boyd Malvo (Sniped 11 people from a
car in DC, 9 died.)
30. George Russell (3 women, WA state)
31. Timothy W. Spencer (5 killed, Arlington, VA and Richmond, VA)
32. Elton M. Jackson (12 gay men killed, Norfolk, VA area)
33. Carlton Gary (3 killed in Columbus, GA)
34. Mohammed Adam Omar (16 women, Yemen. Omar is Sudanese.)
35. Kendall Francois (8 women, Poughkeepsie, NY and surrounding areas.)
36. Terry A. Blair (8 women, Kansas City area)
37. Wayne Williams (33 many of them children!, Atlanta, GA)
38. Vaughn Greenwood (11 killed in LA)
39. Andre Crawford (10 killed in Chicago – southside)
40. Calvin Jackson (9 killed possibley more in NY)
41. Gregory Klepper (killed 8, Chicago – southside)
42. Alton Coleman (Killed 8 in the Midwest)
43. Harrison Graham (killed 7+ in N. Philadelphia)
44. Cleophus Prince (6 killed in, San Diego
45. Robert Rozier (7 killed in, Miami)
46. Maurice Byrd (killed 20 + in St. Louis)
47. Maury Travis (17 and rising, St. Louis and possibly also Atlanta)
48. Hulon Mitchell, a.k.a. Yahweh Ben Yahweh (killed 20+ in Florida)
49. Lorenzo Fayne (killed 5 children in East St. Louis, IL)
50. Paul Durousseau, (killed 6, two of which were pregnant women, Jacksonville,
FL; Georgia.)
51. Eddie Lee Mosley (killed 25 to 30 women, south Florida)
52. Henry Lee Jones (killed 4 in, south Florida; Bartlett, TN)
53. Richard “Babyface” Jameswhite (15 killed in, New York; Georgia.)
54. Donald E. Younge, Jr. (killed 4), East St. Louis, IL; Salt Lake City, UT.
55. Ivan Hill
(killed 6 in Los Angeles area).
56. Michael Vernon (Bronx, NY. Killed at least seven people – )
57. Chester Dewayne Turner (12 women killed in, Los Angeles)
ARREST MADE IN LOS ANGELES GRIM SLEEPER SERIAL KILLER CASE July
07, 2010 http://articles.cnn.com/2010-07-07/justice/grim.sleeper.arrest_1_lonnie-david-franklin-serial-killer-case-family-members?_s=PM:CRIME |By
Mallory Simon, CNN ‘Authorities in California said Wednesday they have arrested
a suspect in the Grim Sleeper serial killer case and will charge him with 10
counts of murder.Lonnie David Franklin Jr., 57, faces an additional count of
attempted murder, Capt. Kevin McClure with the Los Angeles Police Department
said.Franklin will arraigned in court Thursday morning, McClure said.The
California Attorney General's office attributed the arrest to DNA collected
from a relative of the suspect, in a controversial and rarely used practice
known as familial DNA search.’
Of
Course There Are Black Serial Killers by Lynette Holloway
on July 15, 2010 The case of the
"Grim Sleeper" inspires a second look at the popular perception that
serial killing is the province of clever white men.
Serial
Murderers' Row July 16, 2010 The
following black men are among the most prolific serial killers in U.S. history.
http://www.theroot.com/multimedia/gallery-meet-6-black-serial-killers Plus:
Behind the myth that only white men commit such crimes.
Black Serial
Killers Not So Uncommon http://www.amren.com/news/news04/03/03/blackserial.html
200 Involved
In Fights At Mall Of America After Rumors That Rappers Are There...
People have become weary of making up
excuses for blacks (like obama, holder, etc.). At some point, as now, people
should not be timid about relating the cold, unvarnished truth statistically /
factually about blacks and, ie., black
on white violent crime, etc..
From Pat Buchanan: As for
racism, its ugliest manifestation is in interracial crime, and especially
interracial crimes of violence. Is Barack Obama aware that while white
criminals choose black victims 3 percent of the time, black criminals choose
white victims 45 percent of the time? Is Barack aware that black-on-white rapes
are 100 times more common than the reverse, that black-on-white robberies were
139 times as common in the first three years of this decade as the reverse? We
have all heard ad nauseam from the Rev. Al about Tawana Brawley, the Duke rape
case and Jena. And all turned out to be hoaxes. But about the epidemic of black
assaults on whites that are real, we hear nothing.
4-17-12
GALLUP SHOCK
POLL: ROMNEY 48% OBAMA 43%...
Campaign
attacks pollster...
Romney,
Obama tied in new PEW Poll...
Brownstein:
Obama's race problem … [ yes, indeed! You can’t expect non-blacks to be
self-destructive dinosaurs! ]...
ROMNEY
LASHES OUT AT 'OBAMA' MEDIA [ This is not an exaggeration. Indeed,
wobama’s been given a free pass by them concerning his rhetoric, broken
campaign promises, impeachable offenses, a questionable biographical history
including citizenship, etc.. Most notably, their reluctance to call wobama’s
tenure what it truly is; an abject failure, marked particularly by
insurmountable debt, spending while continuing the failed policies of dumbya
bush. ]
Inventor of
world wide web savages govt's Big Brother plans...
Extension
of surveillance powers 'destruction of human rights'...
RECORD
NUMBER OF AMERICANS RENOUNCE CITIZENSHIP...
Farrakhan
Warns Whites: 'Unless You Change, Your End Has Come'… [ They call this a
self-destructive manifestation of the Oedipal Effect: Goodbye niggers, aka
unevolved apes/chimps/monkeys – Your end’s already here! Your jigs are up, and you boos are down! Everyone’s onto your nigger jive! Look in the
mirror! If only you could change / evolve faster! ] ...
HOLDER
PRAISES FELLOW APE SHARPTON, ONE INCOMPETENT NIGGER TO ANOTHER ...
'SECOND
DEGREE MURDER'...
'We do not
prosecute by public pressure or by petition'[B***S***!]...Tyson on Zimmerman: 'It's a disgrace that man hasn't been shot
yet' [ Spoken like the true ape, dumb nigger he is! If he had been an extra
in ‘Planet of the Apes’, they could have saved money on make-up / costumes. The
reality is, if that were the criterion and rule, given the overwhelming
prevalence of black violence, particularly black on white violence, there’d be
a lot of dead niggers. Niggers are a scourge wherever they are; a black plague,
if you will. The reality is that in this nation, having been overrun by
niggers, americans have become the new age dinosaurs. As for tyson, the ugly
little monkey that no one wanted, now full-grown angry ape, his IQ is well
below the average 100. Ape tyson is just a disgrace, period. He’s a typical
ignorant, violent ape/nigger. Life with ape tyson, also a convicted rapist, was
described by his then (soon to be former) wife, Robin Givens, in a live
televised interview with him present (you can only imagine the unsaid) as
‘hell’. He’s mentally deranged (too many head shots?), but he does profess
typical nigger sentiment. (Mike
Tyson vs. Robin Givens: … biggest fight | Ebony ... Eight months after Mike Tyson and Robin Givens were married on Feb. ...
beatings -- she filed for divorce)
Panthers
Call For Violent Revolution, Race War, Bloodshed Against ‘Honkies’ (Video) Some typical comments: Reply:
April 11th, 2012 at 9:51 pm 11 percent of population and they always have thier
hands out begging for more.No matter how much you give them its never enough.Filthy
animals is all they are. (Absolutely correct!)
Dandroid Reply:
April 11th, 2012 at 5:47 pm
Show trial to keep the peace? Cities will burn if hes found not guilty!
Startover Reply:
April 12th, 2012 at 12:04 am
Let the cities burn, send the Army in to finish them off
George Zimmerman is totally innocent
Trayvon is a punk ass killer (also a known thief and would be in futuro typical
nigger criminal)
There is only one victim in this case and that is Zimmerman
Eduard Reply:
April 11th, 2012 at 7:28 pm
Precisely!! That was my thought. This press release sounded more like a minor
league actress thanking everyone at a Grammy Award for her success. Then again,
I can’t emphasize enough how despicable the “lawyer” field really is. There is
no shame in it. The profession is a giant conflict of interest. Moreover, the
rules of lawyer ethics always being pulpitted is nothing more than consumable
fodder for the gullible. Ethics and lawyers? Laughable isn’t it? That’s like
Lucifer passing out copies of the decalogue. This whole twist to the
“mestizo-reported-as-a-white man” Zimmerman case has notched into a renewed
effort of politicalization for formenting a racial war. …’ ]
Heroin
dealer uses welfare EBT card to post bail [ Yes, he’s a nigger; with unreported
cash drug income that gives him welfare as well! ] ...
New Black
Panther Party chief of staff apologizes after radio outburst...
'The
things that's about to happen, to these honkeys, these crackers, these pigs'...
Black
residents fearful after shootings in Tulsa… [ Now they know how the ‘white
folk’ feel, everywhere, every day, and the black on white violent crime stats
overwhelmingly prove the reality and legitimacy of that concern! Civilized
people everywhere are tired of the typical nigger b***s***! ]...
RACE WARS: ZIMMERMAN
BREAKS SILENCE...
Family
challenges Holder on New Black Panthers...
Hacked
roadsign reads: 'Trayvon a n*****'...
CNN says 'f******
n*****' on air...
Anchor:
'N*****' Should Replace 'N-word' in News Reports...
Government
Surveillance Crackdown On Internet Goes Into Overdrive...
Congressman
fears Obama power grab in 'emergency'...
Fidel Castro
mocks Obama over 'guayabera' diplomacy...
REPORT: 'Stunning lack of diversity'
in Obama's re-election campaign [ I’d say this is more embarrassing for the
self-destructive whites who are for obama; after all, who would be foolish
enough to hire the typically uncivilized, problematic, violence / crime prone,
etc., blacks? ] ... { to be fair and balanced,
the RICO litigation involves those uncivilized who consider themselves ‘whites’
http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf
(predominantly but not exclusively jews / romans-italians / mobsters /
government slugs). }
$1 million
pizza party in Detroit -- on sterling silver plates!
WHouse
basketballs emblazoned with Obama's image...
HOODIE ON
THE HILL...
VIDEO: Dem
Rep Kicked Off House Floor... [ Typical noisy nigger in the house of bad black reps. Female members,
keep your purses close when ‘bobby bobby r’ is near; the temptation might prove
to be too much for his inner rap nigger soul man. ]
Ex-Black Panther...
Another
Says Trayvon 'Hunted Down Like Dog'
[Well, if the shoe fits … but, actually, niggers are more like apes, monkeys
that only evolved to a point… and some dog-lovers might be offended by
comparing niggers to dogs. ]...
Pentagon
unaware of 'secret deal' between Obama, Kremlin ... [ Wobama’s done! Those
black niggers have stunk-up the Whitehouse for too long! http://albertpeia.com/bobobamathetraitor.htm ]
Black
Panthers offer $10,000 bounty for 'capture' of Trayvon Martin's killer … [ who
do these filthy niggers think they are? ] Take a look at this nigger who kills
a white man during robbery, without any provocation from the victim ... http://albertpeia.com/typicalblackmanonneighborhoodwatch.htm
Shooter of
Florida teen not a racist, lawyer says...
SECRET
WITNESS: Self-defense... [Witness:
Martin attacked ZimmermanUpdated: Monday, 26 Mar 2012, 2:57 PM EDT
ORLANDO - A witness we haven't heard from before paints a much different
picture than we've seen so far of what happened the night 17-year-old Trayvon
Martin was shot and killed.The night of that shooting, police say there was a
witness who saw it all.Our sister station, FOX 35 in Orlando, has spoken to
that witness.What Sanford Police investigators have in the folder, they put
together on the killing of Trayvon Martin few know about.The file now sits in
the hands of the state attorney. Now that file is just weeks away from being
opened to a grand jury.It shows more now about why police believed that night
that George Zimmerman shouldn't have gone to jail.Zimmerman called 911 and told
dispatchers he was following a teen. The dispatcher told Zimmerman not to.And
from that moment to the shooting, details are few.But one man's testimony could
be key for the police."The guy on the bottom who had a red sweater on was
yelling to me: 'help, help…and I told him to stop and I was calling 911,"
he said.Trayvon Martin was in a hoodie; Zimmerman was in red.The witness only
wanted to be identified as "John," and didn't not want to be shown on
camera.His statements to police were instrumental, because police backed up
Zimmerman's claims, saying those screams on the 911 call are those of
Zimmerman."When I got upstairs and looked down, the guy who was on top
beating up the other guy, was the one laying in the grass, and I believe he was
dead at that point," John said.Zimmerman says the shooting was self
defense. According to information released on the Sanford city website,
Zimmerman said he was going back to his SUV when he was attacked by the
teen.Sanford police say Zimmerman was bloody in his face and head, and the back
of his shirt was wet and had grass stains, indicating a struggle took place
before the shooting.’ ] Trayvon Martin shooter: Teen went for my gun
Hoodie-Wearing
niggers Kill 1, Wound 5 in Congressman's District... http://albertpeia.com/niggersinniggertown.htm [ 13 shot, 2 dead in Chicago in six hours Thursday night ]
'There were
young men scattered everywhere'... [ http://albertpeia.com/obamaslammedforsilenceonwhitestudentsmurderedbyblack.htm , http://albertpeia.com/typicalblackmanonneighborhoodwatch.htm
, http://albertpeia.com/blackonwhitecrime.htm , VIDEO: Black
Student Becomes Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm , http://www.albertpeia.com/whitesvictimizedbyblacks.htm
]
Buchanan: It's all about race
now...
NAACP
condemns nigger apeman sharpton's call for escalation in civil disobedience...
Talkradio
host calls for arrest and removal from MSNBC...
Detroit
Preacher: 'Isn't The Mood In This Nation That White People Are Better Than
Black? [ That’s not the mood, that’s reality; the plain, raw, unvarnished
truth! And, not just whites; viz., Asians, Hispanics, real American
Indians, etc., and most feral beasts except
dogs are better than blacks who are at best their equals, though some dog
owners/lovers may dispute that. Niggers are a scourge on civilized society
wherever they are. Just look around, worldwide, wherever they are, in
concentrations particularly; it’s the same nigger story. That’s the way they
are. That’s what they are. They are a blight on any neighborhood. They are a
blight on any society and an insurmountable burden. They bring any society
down. Some will argue, how ‘bout sports?, to which one may reply, ie., just
because you go to horse races, doesn’t mean you want to live with horses, or,
just because you have monkeys in zoos doesn’t mean you want to live with them,
etc., much less cede control and affect over society to them. ] '
14. Trayvon
Martin was suspended from school three times in the months before he was shot
dead by a neighborhood watchman, it emerged today.
15. The facts,
revealed in a leaked report, paint a different picture of a teenager who
frequently found himself in trouble with authorities.
16. It was also
revealed that he might have attacked a bus driver, according to a Twitter
account that it is claimed belonged to the teen.
The Miami Herald claims that in October, he was
caught with a 'burglary tool' - a flathead screwdriver - and 12 pieces of
women's jewellery. Martin insisted that they did not belong to him.
POLICE:
Black teenagers light 13-year-old on fire; 'You get what you deserve, white
boy'...
Typical n*****s! Come on! People are tired of making making up excuses
for the blacks. It’s always the same story with them, no matter where. http://www.albertpeia.com/whitesvictimizedbyblacks.htm
http://www.albertpeia.com/whitesvictimizedbyblacks.htm Drudgereport:
'Mob' beatings at WI state
fair... 'Hundreds of
young black people beating white people'... [ Typical n*****s! Good thing there are food stamps;
otherwise they’d be reverting to their inherent proclivity for canabalism (send
them back to africa … even give them a lump sum for an irrevocable repatriation
incentive … a huge cost-saving beyond the first year with substantial salutary
effects for the nation, the economy, and the remaining civilized non-blacks).
The other major crimes they do anyway. It’s their nature. You’ll never change
the nigger … they evolved only to ‘a point’ and no further. ] Fairgoers 'pulled out of
cars'... 'They were
just going after white people'... Heightened
security... [ I refrained from using the ‘n word’ (or
even blacks / negroes) in referring to the culprits in the following two
incidents (those tender sensibilities) but I’m sure you’ve guessed that they
were niggers and I include same here in light of the foregoing incident (and yes,
the victims were white), which is typical. ‘.. while walking through Military
Park (a sliver of a “park” - more a pedestrian thoroughfare/cement walks) in
newark, new jersey on the way to the bank during lunch hour, I heard the
clearly audible screams/cries of what turned out to be an old lady on the
ground with blood streaming from her mouth. I ran toward the sound of the
cries, the source of which I could not see because there were so many people in
and about this thoroughfare so as to block any vision of the source of the
cries. When I came to the woman, on the ground, blood streaming from her mouth,
I asked what happened, to which she responded she had been hit in the mouth and
knocked to the ground, her purse stolen/put inside her shopping bag, and she
pointed out the criminal casually now walking across the main street. Nobody
stopped to help her, many having passed her by. I slammed the thug to the
ground so hard that, in light of all the blood and confusion (limbic system /
adrenalin flow) I thought I had been stabbed (the blood was from his elbows
hitting the pavement so hard - no one helped / a crowd gathered / an undercover
cop happened along). When I testified at the Grand Jury Proceeding I made sure
his threat on my life was set forth in prima facie fashion so as to maximize
the DA’s position with both felonies ( he went to prison – pled out ). The
other case I wrote about here ( This was included on my website in the
Psychology forum discussion of ‘bystander effect’ / diffusion of responsibility.
) - Having had occasion to have run down a mugger in newark, n.j. who
apparently had followed a girl from the bank on her way to the bursar to pay
tuition, though in pretty good shape, I was astounded by how totally exhausting
such a pursuit was, how much like rubber my arms were when I traded punches
with the perpetrator, and truth be told, if I had a flashlight on my belt, I
have little doubt that I would have probably used it to subdue the perp (a
police officer here in California was the object of intense criticism for
having used a flashlight to subdue a criminal
/ nigger after a long chase so I included that here) . The girl was not
that seriously injured, did get her pocketbook and tuition back, and the criminal
/ nigger went to jail (where they belong). The other thing about such a pursuit
that amazed me was that no one else assisted the girl or me despite being in a
position to do so. I was also mugged by 4 niggers and 2 hispanics in an
incident here in Los Angeles, CA. But, to be fair and balanced, the RICO
litigation involves those uncivilized who consider themselves ‘whites’ http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf
(predominantly but not exclusively jews / romans-italians / mobsters /
government slugs). ]
Black Serial/Mass/Spree Killer List:
1. Matthew
Emanuel Macon (Murdered and Raped 5 White Women in Lansing)
2. Jimmie
Reed (Murdered his wife and his 2 month old daughter and set them on fire)
3. Shelly
Brooks (Murdered 7 prostitutes in Detroit Cass Corridor)
4. Justin Blackshere
(Stabbed two white cooks at Cheli’s Chili downtown Detroit)
5. Jervon
Miguel Coleman (Murdered three people.)
6. Donell
Ramon Johnson (Murdered a mother and a daughter)
7. Brian
Ranard Davis (6 women known murdered by nigger)
8. Paul Durousseau
(Seven women)
9. Mark Goudeau “The
Baseline Killer” (Eight women and a man in 2005-2006)
10. Coral Eugene Watts
(11 women in Texas & 1 in Michigan)
11. Anthony
McKnight (Five girls and young women)
12. Derrick Todd Lee
(8 Women)
13. Charles
Lendelle Carter (4 known murders; admits to ‘hunting’ Atlantans for 15
years!)
14. The Zebra Killings
(71 White people)
15. Chester Turner
(L.A.s most prolific killer 12 women killed.)
16. Lorenzo
J. Gilyard (Kansas City, MO.—13 victims)
17. Eugene
Victor Britt (Gary, IN.–3 known murder/rapes.)
18. Reginald and
Jonathan Carr (The Wichita Massacre–6 Whites murdered)
19. Ray Joseph
Dandridge and his uncle, Ricky Gevon Gray (Richmond, VA.–Murdered 7 people
in 7 days, including an entire White family.)
20. The
Tinley Park Murderer (Suspect hasn’t been found but has been described as
black – murdered 5 women in a store.)
21. Henry Louis
Wallace (Raped and strangled 5 women to death.)
22. Charles
Johnston (Murdered 3 unarmed white men in hospital)
23. Craig Price
(Brutally murdered 3 women)
24. Harrison
Graham (Brually Murdered 3 women)
25. Charles
Lee “Cookie” Thornton (Murdered 6 Whites at the Kirkwood, MO. city council.
)
26. & 27. Darnell
Hartsfeld & Romeo Pinkerton (Abducted and Murdered 5 from a restaurant)
28 &29. John Allen Muhammad & Lee Boyd Malvo (Sniped 11 people from a
car in DC, 9 died.)
30. George Russell (3 women, WA state)
31. Timothy W. Spencer (5 killed, Arlington, VA and Richmond, VA)
32. Elton M. Jackson (12 gay men killed, Norfolk, VA area)
33. Carlton Gary (3 killed in Columbus, GA)
34. Mohammed Adam Omar (16 women, Yemen. Omar is Sudanese.)
35. Kendall Francois (8 women, Poughkeepsie, NY and surrounding areas.)
36. Terry A. Blair (8 women, Kansas City area)
37. Wayne Williams (33 many of them children!, Atlanta, GA)
38. Vaughn Greenwood (11 killed in LA)
39. Andre Crawford (10 killed in Chicago – southside)
40. Calvin Jackson (9 killed possibley more in NY)
41. Gregory Klepper (killed 8, Chicago – southside)
42. Alton Coleman (Killed 8 in the Midwest)
43. Harrison Graham (killed 7+ in N. Philadelphia)
44. Cleophus Prince (6 killed in, San Diego
45. Robert Rozier (7 killed in, Miami)
46. Maurice Byrd (killed 20 + in St. Louis)
47. Maury Travis (17 and rising, St. Louis and possibly also Atlanta)
48. Hulon Mitchell, a.k.a. Yahweh Ben Yahweh (killed 20+ in Florida)
49. Lorenzo Fayne (killed 5 children in East St. Louis, IL)
50. Paul Durousseau, (killed 6, two of which were pregnant women, Jacksonville,
FL; Georgia.)
51. Eddie Lee Mosley (killed 25 to 30 women, south Florida)
52. Henry Lee Jones (killed 4 in, south Florida; Bartlett, TN)
53. Richard “Babyface” Jameswhite (15 killed in, New York; Georgia.)
54. Donald E. Younge, Jr. (killed 4), East St. Louis, IL; Salt Lake City, UT.
55. Ivan Hill
(killed 6 in Los Angeles area).
56. Michael Vernon (Bronx, NY. Killed at least seven people – )
57. Chester Dewayne Turner (12 women killed in, Los Angeles)
ARREST MADE IN LOS ANGELES GRIM SLEEPER SERIAL KILLER CASE July
07, 2010 http://articles.cnn.com/2010-07-07/justice/grim.sleeper.arrest_1_lonnie-david-franklin-serial-killer-case-family-members?_s=PM:CRIME |By
Mallory Simon, CNN ‘Authorities in California said Wednesday they have arrested
a suspect in the Grim Sleeper serial killer case and will charge him with 10
counts of murder.Lonnie David Franklin Jr., 57, faces an additional count of
attempted murder, Capt. Kevin McClure with the Los Angeles Police Department
said.Franklin will arraigned in court Thursday morning, McClure said.The
California Attorney General's office attributed the arrest to DNA collected
from a relative of the suspect, in a controversial and rarely used practice
known as familial DNA search.’
Of
Course There Are Black Serial Killers by Lynette Holloway
on July 15, 2010 The case of the
"Grim Sleeper" inspires a second look at the popular perception that
serial killing is the province of clever white men.
Serial
Murderers' Row July 16, 2010 The
following black men are among the most prolific serial killers in U.S. history.
http://www.theroot.com/multimedia/gallery-meet-6-black-serial-killers Plus:
Behind the myth that only white men commit such crimes.
Black Serial
Killers Not So Uncommon http://www.amren.com/news/news04/03/03/blackserial.html
200 Involved
In Fights At Mall Of America After Rumors That Rappers Are There...
People have become weary of making up
excuses for blacks (like obama, holder, etc.). At some point, as now, people
should not be timid about relating the cold, unvarnished truth statistically /
factually about blacks and, ie., black
on white violent crime, etc..
From Pat Buchanan: As for
racism, its ugliest manifestation is in interracial crime, and especially
interracial crimes of violence. Is Barack Obama aware that while white
criminals choose black victims 3 percent of the time, black criminals choose
white victims 45 percent of the time? Is Barack aware that black-on-white rapes
are 100 times more common than the reverse, that black-on-white robberies were
139 times as common in the first three years of this decade as the reverse? We
have all heard ad nauseam from the Rev. Al about Tawana Brawley, the Duke rape
case and Jena. And all turned out to be hoaxes. But about the epidemic of black
assaults on whites that are real, we hear nothing.
4-16-12
ROMNEY TO
OBAMA: 'START PACKING'
Obama:
'GOOGLE, FACEBOOK Would Not Exist' Without Government...
GOOGLE
FOUNDER: WEB FREEDOM UNDER THREAT...
'Very
powerful forces have lined up around world'...
FCC drops
GOOGLE 'Street View' investigation...
PHOTOS:
Embattled GSA Official Enjoys Wine and Soak in Spa Tub During 'Pre-Conference'
Meeting...
Pleads the
Fifth...
Dodges
reporters after hearing...
Report:
Democrat-controlled Senate laziest in 20 years...
'Buffett'
battle heads to Senate floor; bill won't dent deficit...
GOOGLE
FOUNDER: WEB FREEDOM UNDER THREAT...
'Very
powerful forces have lined up around world'...
Hillary
Clinton Dances Night Away in Colombia...
Beers and
cheers!
Obama: I'm
Here 'To Scout Out' My Next Vacation With Michelle...
Consensus
elusive at summit...
Latin
America rebels over Cuba...
Hollywood
publicist who claimed to be undercover CIA operative -- chokes to death on a
deli meat sample... [ Sounds cia to me as in ‘choken, not choked and
now shaken but not stirring’.]
UK lord
suspended over 'bounty' for Obama and Bush... The British peer reportedly said: "'If the US
can announce a reward of $10 million for the (capture) of Hafiz Saeed, I can
announce a bounty of Ł10 million (for the capture of) President Obama and his
predecessor, George Bush." [ Sounds fair to me! ]
OBAMA
DOESN'T QUALIFY FOR OWN 'BUFFETT RULE'...
PRESIDENT
PAID LOWER RATE THAN SECRETARY?
Kids get
$48,000
-- tax free!
BIDENS
DONATE LESS THAN 1.5% OF INCOME TO CHARITY...
Biden Earned
$21,000 Last Year From the Secret Service...No, he’s not moonlighting as an agent.Vice President
Joe Biden last year earned $20,900 in rental income from the Secret Service,
which is paying him to host agents on his property so they can protect him.Most
high-profile people in need of protection pay people to keep them safe.
Government officials are allowed to have taxpayers pick up the tab. Biden is
unique in that he actually gets paid by his bodyguards for the right to protect
him.Biden’s tax
records list rental income of $20,900 from a “cottage” on is property,
which is reportedly
being leased by the Secret Service and paid for at a rate that could
earn him even more money next year.Biden took deductions for mortgage interest
and taxes that allowed him to report only $12,653 of the amount on his federal
tax return.Of course, the Bidens badly need the money. They only had an
adjusted gross income of $379,035 last year. This probably also explains why
they gave less than 1.5 percent of their income to charity.Among the $5,540 in
charitable donations were $1,000 to the UN World Food Program; $1,080 to the
Northern Virginia Community College Alumni Scholarship Fund; $1,000 to the
Diocese of Wilmington; Delaware; $360 to a breast health initiative launched by
Dr. Jill Biden; and $50 to the Wounded Warrior Project.
POLL:
Sarkozy's comeback hopes crumble...
4-13-12
POLL: ROMNEY
TOPS OBAMA...
ROMNEY
WARNS: OBAMA COMING FOR GUNS
WHAT
HAPPENS IN VEGAS, STAYS IN VEGAS: GSA OFFICIAL TO THE FIFTH...
POLL:
Sarkozy's comeback hopes crumble...
Stocks See
Worst Week Of Year..
Mexico Stocks Plunge After 'Wrong
Order'...
OBAMA
DOESN'T QUALIFY FOR OWN 'BUFFETT RULE'… [ Hmmm! Now we know why the million
dollar threshold this year, not last when wobama earned $1.7 million ] ...
PRESIDENT
PAID LOWER RATE THAN SECRETARY?
Kids get
$48,000
-- tax free!
CAMPAIGN
WANTS ROMNEY TAXES -- BACK TO 1970s!
BIDENS DONATE
LESS THAN 1.5% OF INCOME TO CHARITY...
FEDS FORCE
MEDIA TO USE GOV'T COMPUTERS...
4-12-12
POLL: ROMNEY
TOPS OBAMA...
Obama
Hammered for 'Jetting Around,' Taking Vacations While Americans Suffer...
New Romney Bumper Sticker:
Moms Drive The Economy...
GODFATHER
blames Daley for rampant crime...
Homicides in
Chicago soar; 120 dead in 2012, 500 wounded...
Mother and
child, 1, shot while sleeping...
Woman shot
in face while driving...
Dershowitz:
Zimmerman Arrest Affidavit 'Irresponsible And Unethical'... “Most affidavits of probable cause are very thin.
This is so thin that it won’t make it past a judge on a second degree murder charge,”
Dershowitz said. “There’s simply nothing in there that would justify second
degree murder.”
Judge Blocks
Execution of Cat Ordered by Deceased Owner's Will...
Broken
promises come back to haunt Sarkozy...
Disillusioned
French voters focus on core economic issues...
'SHE HAS
NEVER WORKED A DAY IN HER LIFE' [ So what! Five boys raised
properly, housewife to a successful husband, I’d call that a full-time job to
be praised and emulated! I’d also say her composure reveals an individual
secure enough to do what was best, optimal for her family. It certainly had a
salutary effect on Mitt Romney’s earning capacity! Would it have been
preferable for her to have been a working wife as michelle obama to con-man,
sometime gayster obama who was about to be disbarred when she surrendered her
law license; or, hilarious hillary clinton who conducted séances on the roof of
the whitehouse purportedly with Eleanor Roosevelt? I think she’ll be a great
first lady who won’t as monkey faced chimp moochell obama try to squeeze out
every penny of tax-payer funding she can as has moochelle in ie., her (their)
over-traveled/vacationed position(s).]
HOLDER
PRAISES FELLOW APE SHARPTON, ONE INCOMPETENT NIGGER TO ANOTHER ...
'SECOND
DEGREE MURDER'...
'We do not
prosecute by public pressure or by petition'[B***S***!]...Tyson on Zimmerman: 'It's a disgrace that man hasn't been shot
yet' [ Spoken like the true ape, dumb nigger he is! If he had been an extra
in ‘Planet of the Apes’, they could have saved money on make-up / costumes. The
reality is, if that were the criterion and rule, given the overwhelming
prevalence of black violence, particularly black on white violence, there’d be
a lot of dead niggers. Niggers are a scourge wherever they are; a black plague,
if you will. The reality is that in this nation, having been overrun by
niggers, americans have become the new age dinosaurs. As for tyson, the ugly
little monkey that no one wanted, now full-grown angry ape, his IQ is well
below the average 100. Ape tyson is just a disgrace, period. He’s a typical
ignorant, violent ape/nigger. Life with ape tyson, also a convicted rapist, was
described by his then (soon to be former) wife, Robin Givens, in a live
televised interview with him present (you can only imagine the unsaid) as
‘hell’. He’s mentally deranged (too many head shots?), but he does profess
typical nigger sentiment. (Mike
Tyson vs. Robin Givens: … biggest fight | Ebony ... Eight months after Mike Tyson and Robin Givens were married on Feb. ...
beatings -- she filed for divorce)
Panthers
Call For Violent Revolution, Race War, Bloodshed Against ‘Honkies’ (Video) Some typical comments: Reply:
April 11th, 2012 at 9:51 pm 11 percent of population and they always have thier
hands out begging for more.No matter how much you give them its never
enough.Filthy animals is all they are. (Absolutely correct!)
Dandroid Reply:
April 11th, 2012 at 5:47 pm
Show trial to keep the peace? Cities will burn if hes found not guilty!
Startover Reply:
April 12th, 2012 at 12:04 am
Let the cities burn, send the Army in to finish them off
George Zimmerman is totally innocent
Trayvon is a punk ass killer (also a known thief and would be in futuro typical
nigger criminal)
There is only one victim in this case and that is Zimmerman
Eduard Reply:
April 11th, 2012 at 7:28 pm
Precisely!! That was my thought. This press release sounded more like a minor
league actress thanking everyone at a Grammy Award for her success. Then again,
I can’t emphasize enough how despicable the “lawyer” field really is. There is
no shame in it. The profession is a giant conflict of interest. Moreover, the
rules of lawyer ethics always being pulpitted is nothing more than consumable
fodder for the gullible. Ethics and lawyers? Laughable isn’t it? That’s like
Lucifer passing out copies of the decalogue. This whole twist to the
“mestizo-reported-as-a-white man” Zimmerman case has notched into a renewed
effort of politicalization for formenting a racial war. …’ ]
Heroin
dealer uses welfare EBT card to post bail [ Yes, he’s a nigger; with unreported
cash drug income that gives him welfare as well! ] ...
New Black
Panther Party chief of staff apologizes after radio outburst...
'The
things that's about to happen, to these honkeys, these crackers, these pigs'...
Black
residents fearful after shootings in Tulsa… [ Now they know how the ‘white
folk’ feel, everywhere, every day, and the black on white violent crime stats
overwhelmingly prove the reality and legitimacy of that concern! Civilized
people everywhere are tired of the typical nigger b***s***! ]...
RACE WARS: ZIMMERMAN
BREAKS SILENCE...
Family
challenges Holder on New Black Panthers...
Hacked
roadsign reads: 'Trayvon a n*****'...
CNN says
'f****** n*****' on air...
Anchor:
'N*****' Should Replace 'N-word' in News Reports...
Government
Surveillance Crackdown On Internet Goes Into Overdrive...
Congressman
fears Obama power grab in 'emergency'...
Fidel Castro
mocks Obama over 'guayabera' diplomacy...
REPORT: 'Stunning lack of diversity'
in Obama's re-election campaign [ I’d say this is more embarrassing for the
self-destructive whites who are for obama; after all, who would be foolish
enough to hire the typically uncivilized, problematic, violence / crime prone,
etc., blacks? ] ... { to be fair and balanced,
the RICO litigation involves those uncivilized who consider themselves ‘whites’
http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf
(predominantly but not exclusively jews / romans-italians / mobsters /
government slugs). }
$1 million
pizza party in Detroit -- on sterling silver plates!
WHouse
basketballs emblazoned with Obama's image...
HOODIE ON
THE HILL...
VIDEO: Dem
Rep Kicked Off House Floor... [ Typical noisy nigger in the house of bad black reps. Female members,
keep your purses close when ‘bobby bobby r’ is near; the temptation might prove
to be too much for his inner rap nigger soul man. ]
Ex-Black Panther...
Another
Says Trayvon 'Hunted Down Like Dog'
[Well, if the shoe fits … but, actually, niggers are more like apes, monkeys
that only evolved to a point… and some dog-lovers might be offended by
comparing niggers to dogs. ]...
Pentagon
unaware of 'secret deal' between Obama, Kremlin ... [ Wobama’s done! Those
black niggers have stunk-up the Whitehouse for too long! http://albertpeia.com/bobobamathetraitor.htm ]
Black
Panthers offer $10,000 bounty for 'capture' of Trayvon Martin's killer … [ who
do these filthy niggers think they are? ] Take a look at this nigger who kills
a white man during robbery, without any provocation from the victim ... http://albertpeia.com/typicalblackmanonneighborhoodwatch.htm
Shooter of
Florida teen not a racist, lawyer says...
SECRET
WITNESS: Self-defense... [Witness:
Martin attacked ZimmermanUpdated: Monday, 26 Mar 2012, 2:57 PM EDT
ORLANDO - A witness we haven't heard from before paints a much different
picture than we've seen so far of what happened the night 17-year-old Trayvon
Martin was shot and killed.The night of that shooting, police say there was a
witness who saw it all.Our sister station, FOX 35 in Orlando, has spoken to
that witness.What Sanford Police investigators have in the folder, they put
together on the killing of Trayvon Martin few know about.The file now sits in
the hands of the state attorney. Now that file is just weeks away from being
opened to a grand jury.It shows more now about why police believed that night
that George Zimmerman shouldn't have gone to jail.Zimmerman called 911 and told
dispatchers he was following a teen. The dispatcher told Zimmerman not to.And
from that moment to the shooting, details are few.But one man's testimony could
be key for the police."The guy on the bottom who had a red sweater on was
yelling to me: 'help, help…and I told him to stop and I was calling 911,"
he said.Trayvon Martin was in a hoodie; Zimmerman was in red.The witness only
wanted to be identified as "John," and didn't not want to be shown on
camera.His statements to police were instrumental, because police backed up
Zimmerman's claims, saying those screams on the 911 call are those of
Zimmerman."When I got upstairs and looked down, the guy who was on top
beating up the other guy, was the one laying in the grass, and I believe he was
dead at that point," John said.Zimmerman says the shooting was self
defense. According to information released on the Sanford city website,
Zimmerman said he was going back to his SUV when he was attacked by the
teen.Sanford police say Zimmerman was bloody in his face and head, and the back
of his shirt was wet and had grass stains, indicating a struggle took place
before the shooting.’ ] Trayvon Martin shooter: Teen went for my gun
Hoodie-Wearing
niggers Kill 1, Wound 5 in Congressman's District... http://albertpeia.com/niggersinniggertown.htm [ 13 shot, 2 dead in Chicago in six hours Thursday night ]
'There were
young men scattered everywhere'... [ http://albertpeia.com/obamaslammedforsilenceonwhitestudentsmurderedbyblack.htm , http://albertpeia.com/typicalblackmanonneighborhoodwatch.htm
, http://albertpeia.com/blackonwhitecrime.htm , VIDEO: Black
Student Becomes Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm , http://www.albertpeia.com/whitesvictimizedbyblacks.htm
]
Buchanan: It's all about race
now...
NAACP
condemns nigger apeman sharpton's call for escalation in civil disobedience...
Talkradio
host calls for arrest and removal from MSNBC...
Detroit
Preacher: 'Isn't The Mood In This Nation That White People Are Better Than
Black? [ That’s not the mood, that’s reality; the plain, raw, unvarnished
truth! And, not just whites; viz., Asians, Hispanics, real American
Indians, etc., and most feral beasts
except dogs are better than blacks who are at best their equals, though some
dog owners/lovers may dispute that. Niggers are a scourge on civilized society
wherever they are. Just look around, worldwide, wherever they are, in
concentrations particularly; it’s the same nigger story. That’s the way they
are. That’s what they are. They are a blight on any neighborhood. They are a
blight on any society and an insurmountable burden. They bring any society
down. Some will argue, how ‘bout sports?, to which one may reply, ie., just
because you go to horse races, doesn’t mean you want to live with horses, or,
just because you have monkeys in zoos doesn’t mean you want to live with them,
etc., much less cede control and affect over society to them. ] '
18. Trayvon
Martin was suspended from school three times in the months before he was shot
dead by a neighborhood watchman, it emerged today.
19. The facts,
revealed in a leaked report, paint a different picture of a teenager who
frequently found himself in trouble with authorities.
20. It was also
revealed that he might have attacked a bus driver, according to a Twitter
account that it is claimed belonged to the teen.
The Miami Herald claims that in October, he was
caught with a 'burglary tool' - a flathead screwdriver - and 12 pieces of
women's jewellery. Martin insisted that they did not belong to him.
POLICE: Black teenagers light 13-year-old on fire;
'You get what you deserve, white boy'...
Typical n*****s! Come on! People are tired of making making up excuses
for the blacks. It’s always the same story with them, no matter where. http://www.albertpeia.com/whitesvictimizedbyblacks.htm
4-11-12 'SHE HAS
NEVER WORKED A DAY IN HER LIFE' [ So what! Five boys raised properly,
housewife to a successful husband, I’d call that a full-time job to be praised
and emulated! I’d also say her composure reveals an individual secure enough to
do what was best, optimal for her family. It certainly had a salutary effect on
Mitt Romney’s earning capacity! Would it have been preferable for her to have
been a working wife as michelle obama to con-man, sometime gayster obama who
was about to be disbarred when she surrendered her law license; or, hilarious
hillary clinton who conducted séances on the roof of the whitehouse purportedly
with Eleanor Roosevelt? I think she’ll be a great first lady who won’t as
monkey faced chimp moochell obama try to squeeze out every penny of tax-payer
funding she can as has moochelle in ie., her (their) over-traveled/vacationed
position(s).]
HOLDER
PRAISES FELLOW APE SHARPTON, ONE INCOMPETENT NIGGER TO ANOTHER ...
'SECOND
DEGREE MURDER'...
'We do not
prosecute by public pressure or by petition'[B***S***!]...Tyson on Zimmerman: 'It's a disgrace that man hasn't been shot
yet' [ Spoken like the true ape, dumb nigger he is! If he had been an extra
in ‘Planet of the Apes’, they could have saved money on make-up / costumes. The
reality is, if that were the criterion and rule, given the overwhelming
prevalence of black violence, particularly black on white violence, there’d be
a lot of dead niggers. Niggers are a scourge wherever they are; a black plague,
if you will. The reality is that in this nation, having been overrun by
niggers, americans have become the new age dinosaurs. As for tyson, the ugly
little monkey that no one wanted, now full-grown angry ape, his IQ is well
below the average 100. Ape tyson is just a disgrace, period. He’s a typical
ignorant, violent ape/nigger. Life with ape tyson, also a convicted rapist, was
described by his then (soon to be former) wife, Robin Givens, in a live
televised interview with him present (you can only imagine the unsaid) as
‘hell’. He’s mentally deranged (too many head shots?), but he does profess
typical nigger sentiment. (Mike
Tyson vs. Robin Givens: … biggest fight | Ebony ... Eight months after Mike Tyson and Robin Givens were married on Feb. ...
beatings -- she filed for divorce)
Panthers
Call For Violent Revolution, Race War, Bloodshed Against ‘Honkies’ (Video) Some typical comments: Reply:
April 11th, 2012 at 9:51 pm 11 percent of population and they always have thier
hands out begging for more.No matter how much you give them its never
enough.Filthy animals is all they are. (Absolutely correct!)
Dandroid Reply:
April 11th, 2012 at 5:47 pm
Show trial to keep the peace? Cities will burn if hes found not guilty!
Startover Reply:
April 12th, 2012 at 12:04 am
Let the cities burn, send the Army in to finish them off
George Zimmerman is totally innocent
Trayvon is a punk ass killer (also a known thief and would be in futuro typical
nigger criminal)
There is only one victim in this case and that is Zimmerman
Eduard Reply:
April 11th, 2012 at 7:28 pm
Precisely!! That was my thought. This press release sounded more like a minor
league actress thanking everyone at a Grammy Award for her success. Then again,
I can’t emphasize enough how despicable the “lawyer” field really is. There is
no shame in it. The profession is a giant conflict of interest. Moreover, the
rules of lawyer ethics always being pulpitted is nothing more than consumable
fodder for the gullible. Ethics and lawyers? Laughable isn’t it? That’s like
Lucifer passing out copies of the decalogue. This whole twist to the
“mestizo-reported-as-a-white man” Zimmerman case has notched into a renewed
effort of politicalization for formenting a racial war. …’ ]
Heroin
dealer uses welfare EBT card to post bail [ Yes, he’s a nigger; with unreported
cash drug income that gives him welfare as well! ] ...
New Black
Panther Party chief of staff apologizes after radio outburst...
'The
things that's about to happen, to these honkeys, these crackers, these pigs'...
Black
residents fearful after shootings in Tulsa… [ Now they know how the ‘white
folk’ feel, everywhere, every day, and the black on white violent crime stats
overwhelmingly prove the reality and legitimacy of that concern! Civilized
people everywhere are tired of the typical nigger b***s***! ]...
RACE WARS: ZIMMERMAN
BREAKS SILENCE...
Family
challenges Holder on New Black Panthers...
Hacked
roadsign reads: 'Trayvon a n*****'...
CNN says
'f****** n*****' on air...
Anchor:
'N*****' Should Replace 'N-word' in News Reports...
Government
Surveillance Crackdown On Internet Goes Into Overdrive...
Congressman
fears Obama power grab in 'emergency'...
Fidel Castro
mocks Obama over 'guayabera' diplomacy...
REPORT: 'Stunning lack of diversity'
in Obama's re-election campaign [ I’d say this is more embarrassing for the
self-destructive whites who are for obama; after all, who would be foolish
enough to hire the typically uncivilized, problematic, violence / crime prone,
etc., blacks? ] ... { to be fair and balanced,
the RICO litigation involves those uncivilized who consider themselves ‘whites’
http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf
(predominantly but not exclusively jews / romans-italians / mobsters /
government slugs). }
$1 million
pizza party in Detroit -- on sterling silver plates!
WHouse
basketballs emblazoned with Obama's image...
HOODIE ON
THE HILL...
VIDEO: Dem
Rep Kicked Off House Floor... [ Typical noisy nigger in the house of bad black reps. Female members, keep
your purses close when ‘bobby bobby r’ is near; the temptation might prove to
be too much for his inner rap nigger soul man.
]
Ex-Black Panther...
Another
Says Trayvon 'Hunted Down Like Dog'
[Well, if the shoe fits … but, actually, niggers are more like apes,
monkeys that only evolved to a point… and some dog-lovers might be offended by
comparing niggers to dogs. ]...
Pentagon
unaware of 'secret deal' between Obama, Kremlin ... [ Wobama’s done! Those
black niggers have stunk-up the Whitehouse for too long! http://albertpeia.com/bobobamathetraitor.htm ]
Black
Panthers offer $10,000 bounty for 'capture' of Trayvon Martin's killer … [ who do
these filthy niggers think they are? ] Take a look at this nigger who kills a
white man during robbery, without any provocation from the victim ... http://albertpeia.com/typicalblackmanonneighborhoodwatch.htm
Shooter of
Florida teen not a racist, lawyer says...
SECRET
WITNESS: Self-defense... [Witness:
Martin attacked ZimmermanUpdated: Monday, 26 Mar 2012, 2:57 PM EDT
ORLANDO - A witness we haven't heard from before paints a much different
picture than we've seen so far of what happened the night 17-year-old Trayvon
Martin was shot and killed.The night of that shooting, police say there was a
witness who saw it all.Our sister station, FOX 35 in Orlando, has spoken to
that witness.What Sanford Police investigators have in the folder, they put
together on the killing of Trayvon Martin few know about.The file now sits in
the hands of the state attorney. Now that file is just weeks away from being
opened to a grand jury.It shows more now about why police believed that night
that George Zimmerman shouldn't have gone to jail.Zimmerman called 911 and told
dispatchers he was following a teen. The dispatcher told Zimmerman not to.And
from that moment to the shooting, details are few.But one man's testimony could
be key for the police."The guy on the bottom who had a red sweater on was
yelling to me: 'help, help…and I told him to stop and I was calling 911,"
he said.Trayvon Martin was in a hoodie; Zimmerman was in red.The witness only
wanted to be identified as "John," and didn't not want to be shown on
camera.His statements to police were instrumental, because police backed up
Zimmerman's claims, saying those screams on the 911 call are those of
Zimmerman."When I got upstairs and looked down, the guy who was on top
beating up the other guy, was the one laying in the grass, and I believe he was
dead at that point," John said.Zimmerman says the shooting was self
defense. According to information released on the Sanford city website,
Zimmerman said he was going back to his SUV when he was attacked by the
teen.Sanford police say Zimmerman was bloody in his face and head, and the back
of his shirt was wet and had grass stains, indicating a struggle took place
before the shooting.’ ] Trayvon Martin shooter: Teen went for my gun
Hoodie-Wearing
niggers Kill 1, Wound 5 in Congressman's District... http://albertpeia.com/niggersinniggertown.htm [ 13 shot, 2 dead in Chicago in six hours Thursday night ]
'There were
young men scattered everywhere'... [ http://albertpeia.com/obamaslammedforsilenceonwhitestudentsmurderedbyblack.htm , http://albertpeia.com/typicalblackmanonneighborhoodwatch.htm
, http://albertpeia.com/blackonwhitecrime.htm , VIDEO: Black
Student Becomes Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm , http://www.albertpeia.com/whitesvictimizedbyblacks.htm
]
Buchanan: It's all about race
now...
NAACP
condemns nigger apeman sharpton's call for escalation in civil disobedience...
Talkradio host
calls for arrest and removal from MSNBC...
Detroit
Preacher: 'Isn't The Mood In This Nation That White People Are Better Than
Black? [ That’s not the mood, that’s reality; the plain, raw, unvarnished
truth! And, not just whites; viz., Asians, Hispanics, real American
Indians, etc., and most feral beasts
except dogs are better than blacks who are at best their equals, though some
dog owners/lovers may dispute that. Niggers are a scourge on civilized society
wherever they are. Just look around, worldwide, wherever they are, in
concentrations particularly; it’s the same nigger story. That’s the way they
are. That’s what they are. They are a blight on any neighborhood. They are a
blight on any society and an insurmountable burden. They bring any society
down. Some will argue, how ‘bout sports?, to which one may reply, ie., just
because you go to horse races, doesn’t mean you want to live with horses, or,
just because you have monkeys in zoos doesn’t mean you want to live with them,
etc., much less cede control and affect over society to them. ] '
22. Trayvon
Martin was suspended from school three times in the months before he was shot
dead by a neighborhood watchman, it emerged today.
23. The facts,
revealed in a leaked report, paint a different picture of a teenager who
frequently found himself in trouble with authorities.
24. It was also
revealed that he might have attacked a bus driver, according to a Twitter
account that it is claimed belonged to the teen.
The Miami Herald claims that in October, he was
caught with a 'burglary tool' - a flathead screwdriver - and 12 pieces of
women's jewellery. Martin insisted that they did not belong to him.
POLICE: Black
teenagers light 13-year-old on fire; 'You get what you deserve, white boy'...
Typical n*****s! Come on! People are tired of making making up excuses
for the blacks. It’s always the same story with them, no matter where. http://www.albertpeia.com/whitesvictimizedbyblacks.htm Islamists kill dozens in Nigeria Christmas bombs [ Blacks’
black Christmas! Typical! For ‘self-defeating / self-destructive’ ‘political correctness’ or
otherwise, I believe the under-profiled black serial killer is also the
consequence of their proclivity for and love of killing, random, wanton
savagery for no reason other than for the sake of killing (as, ie., rabid dogs,
which distinguishes them from and positions them below other feral beasts) and
otherwise, and an historic predisposition toward canabalism. After all, the
contra-indicated mainstream ‘politically correct’ view (tv and otherwise) calls
for a white perp in terms of ‘profile’ which is of course, ridiculous. I
believe the under-reporting is owing to multiple killings by blacks being
classified as something other than ‘serial’; ie., gang, gang related,
‘typical’, etc.. Moreover, the anti-white bias of the black perps is also a
reality that’s under-reported. Take a look at the following brutally
uncivilized black on white violent rapes/murders: http://www.albertpeia.com/whitesvictimizedbyblacks.htm Drudgereport:
'Mob' beatings at WI state
fair... 'Hundreds of
young black people beating white people'... [ Typical n*****s! Good thing there are food stamps;
otherwise they’d be reverting to their inherent proclivity for canabalism (send
them back to africa … even give them a lump sum for an irrevocable repatriation
incentive … a huge cost-saving beyond the first year with substantial salutary
effects for the nation, the economy, and the remaining civilized non-blacks).
The other major crimes they do anyway. It’s their nature. You’ll never change
the nigger … they evolved only to ‘a point’ and no further. ] Fairgoers 'pulled out of
cars'... 'They were
just going after white people'... Heightened
security... [ I refrained from using the ‘n word’ (or
even blacks / negroes) in referring to the culprits in the following two incidents
(those tender sensibilities) but I’m sure you’ve guessed that they were niggers
and I include same here in light of the foregoing incident (and yes, the
victims were white), which is typical. ‘.. while walking through Military Park
(a sliver of a “park” - more a pedestrian thoroughfare/cement walks) in newark,
new jersey on the way to the bank during lunch hour, I heard the clearly
audible screams/cries of what turned out to be an old lady on the ground with
blood streaming from her mouth. I ran toward the sound of the cries, the source
of which I could not see because there were so many people in and about this
thoroughfare so as to block any vision of the source of the cries. When I came
to the woman, on the ground, blood streaming from her mouth, I asked what
happened, to which she responded she had been hit in the mouth and knocked to
the ground, her purse stolen/put inside her shopping bag, and she pointed out
the criminal casually now walking across the main street. Nobody stopped to
help her, many having passed her by. I slammed the thug to the ground so hard
that, in light of all the blood and confusion (limbic system / adrenalin flow)
I thought I had been stabbed (the blood was from his elbows hitting the
pavement so hard - no one helped / a crowd gathered / an undercover cop
happened along). When I testified at the Grand Jury Proceeding I made sure his
threat on my life was set forth in prima facie fashion so as to maximize the
DA’s position with both felonies ( he went to prison – pled out ). The other
case I wrote about here ( This was included on my website in the Psychology
forum discussion of ‘bystander effect’ / diffusion of responsibility. ) -
Having had occasion to have run down a mugger in newark, n.j. who apparently
had followed a girl from the bank on her way to the bursar to pay tuition,
though in pretty good shape, I was astounded by how totally exhausting such a
pursuit was, how much like rubber my arms were when I traded punches with the
perpetrator, and truth be told, if I had a flashlight on my belt, I have little
doubt that I would have probably used it to subdue the perp (a police officer
here in California was the object of intense criticism for having used a
flashlight to subdue a criminal / nigger
after a long chase so I included that here) . The girl was not that seriously
injured, did get her pocketbook and tuition back, and the criminal / nigger
went to jail (where they belong). The other thing about such a pursuit that
amazed me was that no one else assisted the girl or me despite being in a
position to do so. I was also mugged by 4 niggers and 2 hispanics in an
incident here in Los Angeles, CA. But, to be fair and balanced, the RICO
litigation involves those uncivilized who consider themselves ‘whites’ http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf
(predominantly but not exclusively jews / romans-italians / mobsters /
government slugs). ]
Black Serial/Mass/Spree Killer List:
1. Matthew
Emanuel Macon (Murdered and Raped 5 White Women in Lansing)
2. Jimmie
Reed (Murdered his wife and his 2 month old daughter and set them on fire)
3. Shelly
Brooks (Murdered 7 prostitutes in Detroit Cass Corridor)
4. Justin Blackshere
(Stabbed two white cooks at Cheli’s Chili downtown Detroit)
5. Jervon
Miguel Coleman (Murdered three people.)
6. Donell
Ramon Johnson (Murdered a mother and a daughter)
7. Brian
Ranard Davis (6 women known murdered by nigger)
8. Paul Durousseau
(Seven women)
9. Mark Goudeau “The
Baseline Killer” (Eight women and a man in 2005-2006)
10. Coral Eugene Watts
(11 women in Texas & 1 in Michigan)
11. Anthony
McKnight (Five girls and young women)
12. Derrick Todd Lee
(8 Women)
13. Charles
Lendelle Carter (4 known murders; admits to ‘hunting’ Atlantans for 15
years!)
14. The Zebra Killings
(71 White people)
15. Chester Turner
(L.A.s most prolific killer 12 women killed.)
16. Lorenzo
J. Gilyard (Kansas City, MO.—13 victims)
17. Eugene
Victor Britt (Gary, IN.–3 known murder/rapes.)
18. Reginald and
Jonathan Carr (The Wichita Massacre–6 Whites murdered)
19. Ray Joseph
Dandridge and his uncle, Ricky Gevon Gray (Richmond, VA.–Murdered 7 people
in 7 days, including an entire White family.)
20. The
Tinley Park Murderer (Suspect hasn’t been found but has been described as
black – murdered 5 women in a store.)
21. Henry Louis
Wallace (Raped and strangled 5 women to death.)
22. Charles
Johnston (Murdered 3 unarmed white men in hospital)
23. Craig Price
(Brutally murdered 3 women)
24. Harrison
Graham (Brually Murdered 3 women)
25. Charles
Lee “Cookie” Thornton (Murdered 6 Whites at the Kirkwood, MO. city council.
)
26. & 27. Darnell
Hartsfeld & Romeo Pinkerton (Abducted and Murdered 5 from a restaurant)
28 &29. John Allen Muhammad & Lee Boyd Malvo (Sniped 11 people from a
car in DC, 9 died.)
30. George Russell (3 women, WA state)
31. Timothy W. Spencer (5 killed, Arlington, VA and Richmond, VA)
32. Elton M. Jackson (12 gay men killed, Norfolk, VA area)
33. Carlton Gary (3 killed in Columbus, GA)
34. Mohammed Adam Omar (16 women, Yemen. Omar is Sudanese.)
35. Kendall Francois (8 women, Poughkeepsie, NY and surrounding areas.)
36. Terry A. Blair (8 women, Kansas City area)
37. Wayne Williams (33 many of them children!, Atlanta, GA)
38. Vaughn Greenwood (11 killed in LA)
39. Andre Crawford (10 killed in Chicago – southside)
40. Calvin Jackson (9 killed possibley more in NY)
41. Gregory Klepper (killed 8, Chicago – southside)
42. Alton Coleman (Killed 8 in the Midwest)
43. Harrison Graham (killed 7+ in N. Philadelphia)
44. Cleophus Prince (6 killed in, San Diego
45. Robert Rozier (7 killed in, Miami)
46. Maurice Byrd (killed 20 + in St. Louis)
47. Maury Travis (17 and rising, St. Louis and possibly also Atlanta)
48. Hulon Mitchell, a.k.a. Yahweh Ben Yahweh (killed 20+ in Florida)
49. Lorenzo Fayne (killed 5 children in East St. Louis, IL)
50. Paul Durousseau, (killed 6, two of which were pregnant women, Jacksonville,
FL; Georgia.)
51. Eddie Lee Mosley (killed 25 to 30 women, south Florida)
52. Henry Lee Jones (killed 4 in, south Florida; Bartlett, TN)
53. Richard “Babyface” Jameswhite (15 killed in, New York; Georgia.)
54. Donald E. Younge, Jr. (killed 4), East St. Louis, IL; Salt Lake City, UT.
55. Ivan Hill
(killed 6 in Los Angeles area).
56. Michael Vernon (Bronx, NY. Killed at least seven people – )
57. Chester Dewayne Turner (12 women killed in, Los Angeles)
ARREST MADE IN LOS ANGELES GRIM SLEEPER SERIAL KILLER CASE July
07, 2010 http://articles.cnn.com/2010-07-07/justice/grim.sleeper.arrest_1_lonnie-david-franklin-serial-killer-case-family-members?_s=PM:CRIME |By
Mallory Simon, CNN ‘Authorities in California said Wednesday they have arrested
a suspect in the Grim Sleeper serial killer case and will charge him with 10
counts of murder.Lonnie David Franklin Jr., 57, faces an additional count of
attempted murder, Capt. Kevin McClure with the Los Angeles Police Department
said.Franklin will arraigned in court Thursday morning, McClure said.The
California Attorney General's office attributed the arrest to DNA collected
from a relative of the suspect, in a controversial and rarely used practice
known as familial DNA search.’
Of
Course There Are Black Serial Killers by Lynette Holloway
on July 15, 2010 The case of the
"Grim Sleeper" inspires a second look at the popular perception that
serial killing is the province of clever white men.
Serial
Murderers' Row July 16, 2010 The
following black men are among the most prolific serial killers in U.S. history.
http://www.theroot.com/multimedia/gallery-meet-6-black-serial-killers Plus:
Behind the myth that only white men commit such crimes.
Black Serial
Killers Not So Uncommon http://www.amren.com/news/news04/03/03/blackserial.html
200 Involved
In Fights At Mall Of America After Rumors That Rappers Are There...
People have become weary of making
up excuses for blacks (like obama, holder, etc.). At some point, as now, people
should not be timid about relating the cold, unvarnished truth statistically /
factually about blacks and, ie., black
on white violent crime, etc..
From Pat Buchanan: As for racism,
its ugliest manifestation is in interracial crime, and especially interracial
crimes of violence. Is Barack Obama aware that while white criminals choose
black victims 3 percent of the time, black criminals choose white victims 45
percent of the time? Is Barack aware that black-on-white rapes are 100 times
more common than the reverse, that black-on-white robberies were 139 times as
common in the first three years of this decade as the reverse? We have all
heard ad nauseam from the Rev. Al about Tawana Brawley, the Duke rape case and
Jena. And all turned out to be hoaxes. But about the epidemic of black assaults
on whites that are real, we hear nothing.
4-10-12
WALL ST GHOST TOWN: TRADING HITS
4-YEAR LOW [Actually the low trading volume’s a positive in that those
churn-and-earn computerized programmed trades at lightning speed are a big net
negative in real economic terms. ]...
STOCKS CONTINUE
DROP...
Log Worst Day of Year...
Wave of
Selling Rocks Euro Markets...
SONY Revises
Expected Loss to $6.4 Billion!
SHOCK
PHOTOS: Obama, Thin And Wasting Away...
LOSING HIS
COOL!
An American
soldier killed in Afghanistan every day in April...
Iran
captured Israel-backed 'terrorist team'...
RACE WARS: Baltimore's
top cop says videotaped beating of white tourist hate crime...
New Video
Surfaces...
Zimmerman
attorneys: 'We've lost contact with him'...
Family of
Trayvon worried he won't be found... [ Yeah, he might not even
pick that medal he deserves for taking out that little thief and typical future
nigger criminal who threatened his life. Can you believe that the protesting
nigger animals shot up a police car and blocked entrance to the police station!
]
Special
prosecutor to release new info 'within next 72 hours'...
Strip-Search
Case Reflects Death of American Privacy...
4-9-12
Gas Prices
Grow More Under Obama than Carter...
$7 Gas Hits
CA's Catalina Island...
Black
residents fearful after shootings in Tulsa… [ Now they know how the ‘white
folk’ feel, everywhere, every day, and the black on white violent crime stats
overwhelmingly prove the reality and legitimacy of that concern! Civilized people
everywhere are tired of the typical nigger b***s***! ]...
RACE WARS: ZIMMERMAN
BREAKS SILENCE...
Family
challenges Holder on New Black Panthers...
Hacked
roadsign reads: 'Trayvon a n*****'...
CNN says
'f****** n*****' on air...
Anchor:
'N*****' Should Replace 'N-word' in News Reports...
Government
Surveillance Crackdown On Internet Goes Into Overdrive...
Congressman
fears Obama power grab in 'emergency'...
Fidel Castro
mocks Obama over 'guayabera' diplomacy...
REPORT: 'Stunning lack of diversity'
in Obama's re-election campaign [ I’d say this is more embarrassing for the
self-destructive whites who are for obama; after all, who would be foolish enough
to hire the typically uncivilized, problematic, violence / crime prone, etc.,
blacks? ] ... { to be fair and balanced,
the RICO litigation involves those uncivilized who consider themselves ‘whites’
http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf
(predominantly but not exclusively jews / romans-italians / mobsters /
government slugs). }
$1 million
pizza party in Detroit -- on sterling silver plates!
WHouse
basketballs emblazoned with Obama's image...
HOODIE ON
THE HILL...
VIDEO: Dem
Rep Kicked Off House Floor... [ Typical noisy nigger in the house of bad black reps. Female members,
keep your purses close when ‘bobby bobby r’ is near; the temptation might prove
to be too much for his inner rap nigger soul man. ]
Ex-Black Panther...
Another
Says Trayvon 'Hunted Down Like Dog' [Well,
if the shoe fits … but, actually, niggers are more like apes, monkeys that only
evolved to a point… and some dog-lovers might be offended by comparing niggers
to dogs. ]...
Pentagon
unaware of 'secret deal' between Obama, Kremlin ... [ Wobama’s done! Those
black niggers have stunk-up the Whitehouse for too long! http://albertpeia.com/bobobamathetraitor.htm ]
Black
Panthers offer $10,000 bounty for 'capture' of Trayvon Martin's killer … [ who
do these filthy niggers think they are? ] Take a look at this nigger who kills
a white man during robbery, without any provocation from the victim ... http://albertpeia.com/typicalblackmanonneighborhoodwatch.htm
Shooter of
Florida teen not a racist, lawyer says...
SECRET
WITNESS: Self-defense... [Witness:
Martin attacked ZimmermanUpdated: Monday, 26 Mar 2012, 2:57 PM EDT
ORLANDO - A witness we haven't heard from before paints a much different
picture than we've seen so far of what happened the night 17-year-old Trayvon
Martin was shot and killed.The night of that shooting, police say there was a
witness who saw it all.Our sister station, FOX 35 in Orlando, has spoken to
that witness.What Sanford Police investigators have in the folder, they put
together on the killing of Trayvon Martin few know about.The file now sits in
the hands of the state attorney. Now that file is just weeks away from being
opened to a grand jury.It shows more now about why police believed that night
that George Zimmerman shouldn't have gone to jail.Zimmerman called 911 and told
dispatchers he was following a teen. The dispatcher told Zimmerman not to.And
from that moment to the shooting, details are few.But one man's testimony could
be key for the police."The guy on the bottom who had a red sweater on was
yelling to me: 'help, help…and I told him to stop and I was calling 911,"
he said.Trayvon Martin was in a hoodie; Zimmerman was in red.The witness only
wanted to be identified as "John," and didn't not want to be shown on
camera.His statements to police were instrumental, because police backed up
Zimmerman's claims, saying those screams on the 911 call are those of
Zimmerman."When I got upstairs and looked down, the guy who was on top
beating up the other guy, was the one laying in the grass, and I believe he was
dead at that point," John said.Zimmerman says the shooting was self
defense. According to information released on the Sanford city website,
Zimmerman said he was going back to his SUV when he was attacked by the
teen.Sanford police say Zimmerman was bloody in his face and head, and the back
of his shirt was wet and had grass stains, indicating a struggle took place
before the shooting.’ ] Trayvon Martin shooter: Teen went for my gun
Hoodie-Wearing
niggers Kill 1, Wound 5 in Congressman's District... http://albertpeia.com/niggersinniggertown.htm [ 13 shot, 2 dead in Chicago in six hours Thursday night ]
'There were
young men scattered everywhere'... [ http://albertpeia.com/obamaslammedforsilenceonwhitestudentsmurderedbyblack.htm , http://albertpeia.com/typicalblackmanonneighborhoodwatch.htm
, http://albertpeia.com/blackonwhitecrime.htm , VIDEO: Black
Student Becomes Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm , http://www.albertpeia.com/whitesvictimizedbyblacks.htm
]
Buchanan: It's all about race
now...
NAACP
condemns nigger apeman sharpton's call for escalation in civil disobedience...
Talkradio
host calls for arrest and removal from MSNBC...
Detroit
Preacher: 'Isn't The Mood In This Nation That White People Are Better Than
Black? [ That’s not the mood, that’s reality; the plain, raw, unvarnished
truth! And, not just whites; viz., Asians, Hispanics, real American
Indians, etc., and most feral beasts
except dogs are better than blacks who are at best their equals, though some
dog owners/lovers may dispute that. Niggers are a scourge on civilized society
wherever they are. Just look around, worldwide, wherever they are, in
concentrations particularly; it’s the same nigger story. That’s the way they
are. That’s what they are. They are a blight on any neighborhood. They are a
blight on any society and an insurmountable burden. They bring any society
down. Some will argue, how ‘bout sports?, to which one may reply, ie., just
because you go to horse races, doesn’t mean you want to live with horses, or,
just because you have monkeys in zoos doesn’t mean you want to live with them,
etc., much less cede control and affect over society to them. ] '
26. Trayvon
Martin was suspended from school three times in the months before he was shot
dead by a neighborhood watchman, it emerged today.
27. The facts,
revealed in a leaked report, paint a different picture of a teenager who
frequently found himself in trouble with authorities.
28. It was also
revealed that he might have attacked a bus driver, according to a Twitter
account that it is claimed belonged to the teen.
The Miami Herald claims that in October, he was
caught with a 'burglary tool' - a flathead screwdriver - and 12 pieces of
women's jewellery. Martin insisted that they did not belong to him.
POLICE:
Black teenagers light 13-year-old on fire; 'You get what you deserve, white
boy'...
Typical n*****s! Come on! People are tired of making making up excuses
for the blacks. It’s always the same story with them, no matter where. http://www.albertpeia.com/whitesvictimizedbyblacks.htm Islamists kill dozens in Nigeria Christmas bombs [ Blacks’
black Christmas! Typical! For ‘self-defeating / self-destructive’ ‘political correctness’ or
otherwise, I believe the under-profiled black serial killer is also the
consequence of their proclivity for and love of killing, random, wanton
savagery for no reason other than for the sake of killing (as, ie., rabid dogs,
which distinguishes them from and positions them below other feral beasts) and
otherwise, and an historic predisposition toward canabalism. After all, the
contra-indicated mainstream ‘politically correct’ view (tv and otherwise) calls
for a white perp in terms of ‘profile’ which is of course, ridiculous. I
believe the under-reporting is owing to multiple killings by blacks being
classified as something other than ‘serial’; ie., gang, gang related,
‘typical’, etc.. Moreover, the anti-white bias of the black perps is also a
reality that’s under-reported. Take a look at the following brutally
uncivilized black on white violent rapes/murders: http://www.albertpeia.com/whitesvictimizedbyblacks.htm Drudgereport:
'Mob' beatings at WI state
fair... 'Hundreds of
young black people beating white people'... [ Typical n*****s! Good thing there are food stamps;
otherwise they’d be reverting to their inherent proclivity for canabalism (send
them back to africa … even give them a lump sum for an irrevocable repatriation
incentive … a huge cost-saving beyond the first year with substantial salutary
effects for the nation, the economy, and the remaining civilized non-blacks).
The other major crimes they do anyway. It’s their nature. You’ll never change
the nigger … they evolved only to ‘a point’ and no further. ] Fairgoers 'pulled out of
cars'... 'They were
just going after white people'... Heightened
security... [ I refrained from using the ‘n word’ (or
even blacks / negroes) in referring to the culprits in the following two
incidents (those tender sensibilities) but I’m sure you’ve guessed that they
were niggers and I include same here in light of the foregoing incident (and
yes, the victims were white), which is typical. ‘.. while walking through
Military Park (a sliver of a “park” - more a pedestrian thoroughfare/cement
walks) in newark, new jersey on the way to the bank during lunch hour, I heard
the clearly audible screams/cries of what turned out to be an old lady on the
ground with blood streaming from her mouth. I ran toward the sound of the cries,
the source of which I could not see because there were so many people in and
about this thoroughfare so as to block any vision of the source of the cries.
When I came to the woman, on the ground, blood streaming from her mouth, I
asked what happened, to which she responded she had been hit in the mouth and
knocked to the ground, her purse stolen/put inside her shopping bag, and she
pointed out the criminal casually now walking across the main street. Nobody
stopped to help her, many having passed her by. I slammed the thug to the
ground so hard that, in light of all the blood and confusion (limbic system /
adrenalin flow) I thought I had been stabbed (the blood was from his elbows
hitting the pavement so hard - no one helped / a crowd gathered / an undercover
cop happened along). When I testified at the Grand Jury Proceeding I made sure
his threat on my life was set forth in prima facie fashion so as to maximize
the DA’s position with both felonies ( he went to prison – pled out ). The
other case I wrote about here ( This was included on my website in the
Psychology forum discussion of ‘bystander effect’ / diffusion of
responsibility. ) - Having had occasion to have run down a mugger in newark,
n.j. who apparently had followed a girl from the bank on her way to the bursar
to pay tuition, though in pretty good shape, I was astounded by how totally
exhausting such a pursuit was, how much like rubber my arms were when I traded
punches with the perpetrator, and truth be told, if I had a flashlight on my
belt, I have little doubt that I would have probably used it to subdue the perp
(a police officer here in California was the object of intense criticism for
having used a flashlight to subdue a criminal
/ nigger after a long chase so I included that here) . The girl was not
that seriously injured, did get her pocketbook and tuition back, and the
criminal / nigger went to jail (where they belong). The other thing about such
a pursuit that amazed me was that no one else assisted the girl or me despite
being in a position to do so. I was also mugged by 4 niggers and 2 hispanics in
an incident here in Los Angeles, CA. But, to be fair and balanced, the RICO
litigation involves those uncivilized who consider themselves ‘whites’ http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf
(predominantly but not exclusively jews / romans-italians / mobsters /
government slugs). ]
Black Serial/Mass/Spree Killer List:
1. Matthew
Emanuel Macon (Murdered and Raped 5 White Women in Lansing)
2. Jimmie
Reed (Murdered his wife and his 2 month old daughter and set them on fire)
3. Shelly
Brooks (Murdered 7 prostitutes in Detroit Cass Corridor)
4. Justin Blackshere
(Stabbed two white cooks at Cheli’s Chili downtown Detroit)
5. Jervon
Miguel Coleman (Murdered three people.)
6. Donell
Ramon Johnson (Murdered a mother and a daughter)
7. Brian
Ranard Davis (6 women known murdered by nigger)
8. Paul Durousseau
(Seven women)
9. Mark Goudeau “The
Baseline Killer” (Eight women and a man in 2005-2006)
10. Coral Eugene Watts
(11 women in Texas & 1 in Michigan)
11. Anthony
McKnight (Five girls and young women)
12. Derrick Todd Lee
(8 Women)
13. Charles
Lendelle Carter (4 known murders; admits to ‘hunting’ Atlantans for 15
years!)
14. The Zebra Killings
(71 White people)
15. Chester Turner
(L.A.s most prolific killer 12 women killed.)
16. Lorenzo
J. Gilyard (Kansas City, MO.—13 victims)
17. Eugene
Victor Britt (Gary, IN.–3 known murder/rapes.)
18. Reginald and
Jonathan Carr (The Wichita Massacre–6 Whites murdered)
19. Ray Joseph
Dandridge and his uncle, Ricky Gevon Gray (Richmond, VA.–Murdered 7 people
in 7 days, including an entire White family.)
20. The
Tinley Park Murderer (Suspect hasn’t been found but has been described as
black – murdered 5 women in a store.)
21. Henry Louis
Wallace (Raped and strangled 5 women to death.)
22. Charles
Johnston (Murdered 3 unarmed white men in hospital)
23. Craig Price
(Brutally murdered 3 women)
24. Harrison
Graham (Brually Murdered 3 women)
25. Charles
Lee “Cookie” Thornton (Murdered 6 Whites at the Kirkwood, MO. city council.
)
26. & 27. Darnell
Hartsfeld & Romeo Pinkerton (Abducted and Murdered 5 from a restaurant)
28 &29. John Allen Muhammad & Lee Boyd Malvo (Sniped 11 people from a
car in DC, 9 died.)
30. George Russell (3 women, WA state)
31. Timothy W. Spencer (5 killed, Arlington, VA and Richmond, VA)
32. Elton M. Jackson (12 gay men killed, Norfolk, VA area)
33. Carlton Gary (3 killed in Columbus, GA)
34. Mohammed Adam Omar (16 women, Yemen. Omar is Sudanese.)
35. Kendall Francois (8 women, Poughkeepsie, NY and surrounding areas.)
36. Terry A. Blair (8 women, Kansas City area)
37. Wayne Williams (33 many of them children!, Atlanta, GA)
38. Vaughn Greenwood (11 killed in LA)
39. Andre Crawford (10 killed in Chicago – southside)
40. Calvin Jackson (9 killed possibley more in NY)
41. Gregory Klepper (killed 8, Chicago – southside)
42. Alton Coleman (Killed 8 in the Midwest)
43. Harrison Graham (killed 7+ in N. Philadelphia)
44. Cleophus Prince (6 killed in, San Diego
45. Robert Rozier (7 killed in, Miami)
46. Maurice Byrd (killed 20 + in St. Louis)
47. Maury Travis (17 and rising, St. Louis and possibly also Atlanta)
48. Hulon Mitchell, a.k.a. Yahweh Ben Yahweh (killed 20+ in Florida)
49. Lorenzo Fayne (killed 5 children in East St. Louis, IL)
50. Paul Durousseau, (killed 6, two of which were pregnant women, Jacksonville,
FL; Georgia.)
51. Eddie Lee Mosley (killed 25 to 30 women, south Florida)
52. Henry Lee Jones (killed 4 in, south Florida; Bartlett, TN)
53. Richard “Babyface” Jameswhite (15 killed in, New York; Georgia.)
54. Donald E. Younge, Jr. (killed 4), East St. Louis, IL; Salt Lake City, UT.
55. Ivan Hill
(killed 6 in Los Angeles area).
56. Michael Vernon (Bronx, NY. Killed at least seven people – )
57. Chester Dewayne Turner (12 women killed in, Los Angeles)
ARREST MADE IN LOS ANGELES GRIM SLEEPER SERIAL KILLER CASE July
07, 2010 http://articles.cnn.com/2010-07-07/justice/grim.sleeper.arrest_1_lonnie-david-franklin-serial-killer-case-family-members?_s=PM:CRIME |By
Mallory Simon, CNN ‘Authorities in California said Wednesday they have arrested
a suspect in the Grim Sleeper serial killer case and will charge him with 10
counts of murder.Lonnie David Franklin Jr., 57, faces an additional count of
attempted murder, Capt. Kevin McClure with the Los Angeles Police Department
said.Franklin will arraigned in court Thursday morning, McClure said.The
California Attorney General's office attributed the arrest to DNA collected
from a relative of the suspect, in a controversial and rarely used practice
known as familial DNA search.’
Of
Course There Are Black Serial Killers by Lynette Holloway
on July 15, 2010 The case of the
"Grim Sleeper" inspires a second look at the popular perception that
serial killing is the province of clever white men.
Serial
Murderers' Row July 16, 2010 The
following black men are among the most prolific serial killers in U.S. history.
http://www.theroot.com/multimedia/gallery-meet-6-black-serial-killers Plus:
Behind the myth that only white men commit such crimes.
Black Serial
Killers Not So Uncommon http://www.amren.com/news/news04/03/03/blackserial.html
200 Involved
In Fights At Mall Of America After Rumors That Rappers Are There...
People have become weary of making
up excuses for blacks (like obama, holder, etc.). At some point, as now, people
should not be timid about relating the cold, unvarnished truth statistically /
factually about blacks and, ie., black
on white violent crime, etc..
From Pat Buchanan: As for
racism, its ugliest manifestation is in interracial crime, and especially
interracial crimes of violence. Is Barack Obama aware that while white
criminals choose black victims 3 percent of the time, black criminals choose
white victims 45 percent of the time? Is Barack aware that black-on-white rapes
are 100 times more common than the reverse, that black-on-white robberies were
139 times as common in the first three years of this decade as the reverse? We
have all heard ad nauseam from the Rev. Al about Tawana Brawley, the Duke rape
case and Jena. And all turned out to be hoaxes. But about the epidemic of black
assaults on whites that are real, we hear nothing.
4-5-12 Economy adds just 120K jobs...
Number of
people not in labor force rises to record 88M...
Futures crash on jobs data...
Stocks Post Biggest Weekly Decline
in 2012...
40th
straight deficit month...
DEBT HITS
$15,617,723,000,000.00
Obama's
Budget: 'Interest Payments Will Exceed Defense Budget' in 2019...
'Long Live
Zimmerman' Spray-Painted on Ohio State's Black Cultural Center...
City of
Sanford preps for worst with decision looming in Trayvon Martin case...
Man, 78,
beaten by teens: 'This is for Trayvon'...
NBC probe on
altered 911 call centers on 'seasoned' producer...
Jesse Jackson
calls on blacks to wear hoodies to polling places...
VULCAN DEATH
GRIP: VOTE FOR ME OR THE KIDS DIE...
REPORT:
Panetta's weekend trips to CA cost taxpayers nearly $1 million...
Def Sec paid
just $17,000...
Federal
Worker Performs Rap Bragging About Lavish Perks...
'Love
to the nation! I'll never be under investigation!'
POLL: Even
government workers say they are lazier...
4-04-12 Food
inflation seen back on the table as prices rise...
Romney
Accuses Obama of Hiding Agenda...
Russia warns
West, Arabs against arming Syria rebels...
U.S.
Pressing Interpol to Deny Egypt's Request To Arrest Americans...
4-03-12
PUMP AND
SLUMP...
ROMNEY SLAMS
OBAMA'S 'GOVERNMENT-CENTERED SOCIETY'...
PAYBACK:
Obama admin set to sue Sheriff Joe...
Arpaio
continues probe into president's birth...
NBC offers
'skimpy' apology fo Zimmerman tape screw-up...
LIMBAUGH:
Obama Puts Out Figurative Bounty on Supreme Court...
FEDERAL APPEALS
COURT FIRES BACK AT OBAMA...
HENTOFF:
Obama's NSA: Close to knowing all about us...
Beware the
unholy alliance of state and internet...
IMF chief
calls on U.S. for more cash...
4-02-12 Van Jones:
Obama Wouldn't Lose Black Vote Even If He Came Out As Gay...
DID HE GET A
LEAK?
OBAMA
TAKES SHOT AT COURT
FLASHBACK:
Obama biggest recipient of BP cash...
RED
ALERT: Pentagon activates missile defenses for NKorean launch...
GUNMAN OPENS
FIRE AT CA UNIVERSITY...
At least 7
dead...
REPORT: Rick
Perry used pain killers to get through debates...
Arizona
Passes Sweeping Internet Censorship Bill…[arizona is such a nothing, desert
wasteland of a state; with war-mongering, neo-con moribund loser mccain a
testament to that fact]...
3-30-12 Hoodie-Wearing
niggers Kill 1, Wound 5 in Congressman's District... http://albertpeia.com/niggersinniggertown.htm [ 13 shot, 2 dead in Chicago in six hours Thursday night ]
'There were
young men scattered everywhere'... [ http://albertpeia.com/obamaslammedforsilenceonwhitestudentsmurderedbyblack.htm , http://albertpeia.com/typicalblackmanonneighborhoodwatch.htm
, http://albertpeia.com/blackonwhitecrime.htm , VIDEO: Black
Student Becomes Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm , http://www.albertpeia.com/whitesvictimizedbyblacks.htm
]
Buchanan: It's all about race
now...
NAACP
condemns nigger apeman sharpton's call for escalation in civil disobedience...
Talkradio
host calls for arrest and removal from MSNBC...
Detroit
Preacher: 'Isn't The Mood In This Nation That White People Are Better Than
Black? [ That’s not the mood, that’s reality; the plain, raw, unvarnished
truth! And, not just whites; viz., Asians, Hispanics, real American
Indians, etc., and most feral beasts
except dogs are better than blacks who are at best their equals, though some
dog owners/lovers may dispute that. Niggers are a scourge on civilized society
wherever they are. Just look around, worldwide, wherever they are, in
concentrations particularly; it’s the same nigger story. That’s the way they
are. That’s what they are. They are a blight on any neighborhood. They are a
blight on any society and an insurmountable burden. They bring any society
down. Some will argue, how ‘bout sports?, to which one may reply, ie., just
because you go to horse races, doesn’t mean you want to live with horses, or,
just because you have monkeys in zoos doesn’t mean you want to live with them,
etc., much less cede control and affect over society to them. ] '
NOONAN: HE'S BECOMING
'CREEPY'...
Suffers
'worst week' of presidency...
Dem donors
ignore plea for cash...
STUDENTS
SOUR...
GE Immelt
insists he's NOT pulling for Romney...
SHOCK POLL:
Afghan war support DOWN TO 25%...
Greek PM
warns against threat to bailout...
Europe
warned crisis not over yet...
Storm clouds
gather over Italy reform drive...
UK GRIPPED
BY 'FUEL EMERGENCY'...
Gas Stations
Go Dry...
3-28-12 SUPREMES
POISED TO STRIKE DOWN OBAMACARE...
Individual mandate
picked apart...
Admin. tries
rebranding...
'Personal
responsibility clause'...
IRS seeks
4,000 agents for Obamacare...
WIRE:
Justices split by ideology...
RUBIO
ENDORSES ROMNEY
HOODIE ON
THE HILL...
VIDEO: Dem
Rep Kicked Off House Floor... [ Typical noisy nigger in the house of bad black reps. Female members,
keep your purses close when ‘bobby bobby r’ is near; the temptation might prove
to be too much for his inner rap nigger soul man. ]
Ex-Black Panther...
Another
Says Trayvon 'Hunted Down Like Dog' [Well,
if the shoe fits … but, actually, niggers are more like apes, monkeys that only
evolved to a point… and some dog-lovers might be offended by comparing niggers
to dogs. ]...
Pentagon
unaware of 'secret deal' between Obama, Kremlin ... [ Wobama’s done! Those
black niggers have stunk-up the Whitehouse for too long! http://albertpeia.com/bobobamathetraitor.htm ]
Black
Panthers offer $10,000 bounty for 'capture' of Trayvon Martin's killer … [ who
do these filthy niggers think they are? ] Take a look at this nigger who kills
a white man during robbery, without any provocation from the victim ... http://albertpeia.com/typicalblackmanonneighborhoodwatch.htm
Shooter of
Florida teen not a racist, lawyer says...
SECRET
WITNESS: Self-defense... [Witness:
Martin attacked ZimmermanUpdated: Monday, 26 Mar 2012, 2:57 PM EDT
ORLANDO - A witness we haven't heard from before paints a much different
picture than we've seen so far of what happened the night 17-year-old Trayvon
Martin was shot and killed.The night of that shooting, police say there was a
witness who saw it all.Our sister station, FOX 35 in Orlando, has spoken to
that witness.What Sanford Police investigators have in the folder, they put
together on the killing of Trayvon Martin few know about.The file now sits in
the hands of the state attorney. Now that file is just weeks away from being
opened to a grand jury.It shows more now about why police believed that night
that George Zimmerman shouldn't have gone to jail.Zimmerman called 911 and told
dispatchers he was following a teen. The dispatcher told Zimmerman not to.And
from that moment to the shooting, details are few.But one man's testimony could
be key for the police."The guy on the bottom who had a red sweater on was
yelling to me: 'help, help…and I told him to stop and I was calling 911,"
he said.Trayvon Martin was in a hoodie; Zimmerman was in red.The witness only
wanted to be identified as "John," and didn't not want to be shown on
camera.His statements to police were instrumental, because police backed up
Zimmerman's claims, saying those screams on the 911 call are those of
Zimmerman."When I got upstairs and looked down, the guy who was on top
beating up the other guy, was the one laying in the grass, and I believe he was
dead at that point," John said.Zimmerman says the shooting was self
defense. According to information released on the Sanford city website,
Zimmerman said he was going back to his SUV when he was attacked by the
teen.Sanford police say Zimmerman was bloody in his face and head, and the back
of his shirt was wet and had grass stains, indicating a struggle took place
before the shooting.’ ] Trayvon Martin shooter: Teen went for my gun
30. Trayvon
Martin was suspended from school three times in the months before he was shot
dead by a neighborhood watchman, it emerged today.
31. The facts,
revealed in a leaked report, paint a different picture of a teenager who
frequently found himself in trouble with authorities.
32. It was also
revealed that he might have attacked a bus driver, according to a Twitter
account that it is claimed belonged to the teen.
33. The Miami
Herald claims that in October, he was caught with a 'burglary tool' - a
flathead screwdriver - and 12 pieces of women's jewellery. Martin insisted that
they did not belong to him.
New Orleans
officer resigns after Trayvon comments...
'Act
like a thug die like one!'... [ The officer should not have had
to resign. The reality is that trayvon was just a typical nigger; nothing more,
but as the niggers and niggerphiles will attest, nothing less. ]
Baggage
Handlers Behind 200 Thefts a Day at JFK...
3-26-12 Gas prices
expected to rise all summer long...
Sandusky was
labeled 'likely pedophile' in 1998...
'Cracker'
T-shirt hits Florida streets...
COPS:
Zimmerman says Trayvon decked him with one blow then began hammering his head
on sidewalk...
'Suffered
broken nose and had injury to back of head'...
Martin had
been suspended from school for marijuana...
Black
Panthers offer $10,000 bounty for 'capture' of Trayvon Martin's killer … [ who
do these filthy niggers think they are? ] Take a look at this nigger who kills
a white man during robbery, without any provocation from the victim ... http://albertpeia.com/typicalblackmanonneighborhoodwatch.htm
Shooter of
Florida teen not a racist, lawyer says...
SECRET
WITNESS: Self-defense... [Witness:
Martin attacked ZimmermanUpdated: Monday, 26 Mar 2012, 2:57 PM EDT
ORLANDO - A witness we haven't heard from before paints a much different
picture than we've seen so far of what happened the night 17-year-old Trayvon
Martin was shot and killed.The night of that shooting, police say there was a
witness who saw it all.Our sister station, FOX 35 in Orlando, has spoken to
that witness.What Sanford Police investigators have in the folder, they put
together on the killing of Trayvon Martin few know about.The file now sits in
the hands of the state attorney. Now that file is just weeks away from being
opened to a grand jury.It shows more now about why police believed that night
that George Zimmerman shouldn't have gone to jail.Zimmerman called 911 and told
dispatchers he was following a teen. The dispatcher told Zimmerman not to.And
from that moment to the shooting, details are few.But one man's testimony could
be key for the police."The guy on the bottom who had a red sweater on was
yelling to me: 'help, help…and I told him to stop and I was calling 911,"
he said.Trayvon Martin was in a hoodie; Zimmerman was in red.The witness only
wanted to be identified as "John," and didn't not want to be shown on
camera.His statements to police were instrumental, because police backed up
Zimmerman's claims, saying those screams on the 911 call are those of
Zimmerman."When I got upstairs and looked down, the guy who was on top
beating up the other guy, was the one laying in the grass, and I believe he was
dead at that point," John said.Zimmerman says the shooting was self
defense. According to information released on the Sanford city website,
Zimmerman said he was going back to his SUV when he was attacked by the
teen.Sanford police say Zimmerman was bloody in his face and head, and the back
of his shirt was wet and had grass stains, indicating a struggle took place
before the shooting.’ ] Trayvon Martin shooter: Teen went for my gun
People have become weary of making
up excuses for blacks (like obama, holder, etc.). At some point, as now, people
should not be timid about relating the cold, unvarnished truth statistically /
factually about blacks and, ie., black
on white violent crime, etc..
From Pat Buchanan: As for
racism, its ugliest manifestation is in interracial crime, and especially interracial
crimes of violence. Is Barack Obama aware that while white criminals choose
black victims 3 percent of the time, black criminals choose white victims 45
percent of the time? Is Barack aware that black-on-white rapes are 100 times
more common than the reverse, that black-on-white robberies were 139 times as
common in the first three years of this decade as the reverse? We have all
heard ad nauseam from the Rev. Al about Tawana Brawley, the Duke rape case and
Jena. And all turned out to be hoaxes. But about the epidemic of black assaults
on whites that are real, we hear nothing.
EUROPE
RIDICULES OBAMA...
'Maybe
copy key got stuck on presidential speechwriter's keyboard'...
REPORT:
Corzine Ordered $200M Moved to JPMORGAN Days Before MF GLOBAL Collapse...
...memo
contradicts Corzine testimony
LATEST
DOCUMENT DUMP: White House was all-hands-on-deck as SOLYNDRA collapse neared...
APPLE Flash
Crash: Single Trade Causes 9% Plunge...
3-22-12 'Do you have
your birth
certificate?'
Heckled at
Ohio State...
CNN reporter
says 'n*gger' on live TV … [ Good for him! That’s what they are! ] ...
WASHPOST:
'Florida shooting stirs memories of civil rights era'...
Farrakhan Threatens
'Retaliation'… [ Retaliation? Can you imagine the number of niggers that would
have to be retaliated against based upon the hushed reality of the prevalence
of black on white crime? The niggers should be careful what they wish for in
playing that game because the facts don’t break in their favor. As for the
pathetic whites among and protesting with them, they at best just don’t know
any better and need a closer real look at the nigger. ] ...
Student loan
debt tops $1 trillion...
Marine
sergeant faces discipline for FACEBOOK critique of Obama... APNewsBreak: Marine critical of Obama faces charge [ This one
caught my eye. While it is true that good soldiering requires absolute discipline
by definition, oaths should be taken seriously, honored, and given effect. That
said, burning Qurans was the product I assume of orders reflecting even more
than just stupidity; hence, whoever gave the order should pay the piper. If no order, and stupidity as
with urinating on the bodies of the dead, can and should the actors be held
accountable for such gross stupidity? Absolutely! However, one must be mindful
of the reality that marines invariably have ‘skin in the game’ when it comes to
consequences of commanders in chief incompetence, unlawful acts, poor judgment
particularly as impacted by questionable mental states (arbitrarily taking the
last three presidents as illustrative, viz., clinton, bush, obama certainly
reflect this reality and concern coupled with the unnecessary murderous results
of their actions). There has been a longstanding rebuke of the ‘just following
orders’ defense accorded soldiers since particularly the nazi regime as an
example. As such, Stein certainly should be lauded for saying what all soldiers
should already know; namely, the unlawful detention of americans, among other
constitutionally barred activities should not be among those orders they are
willing to follow. The proscriptions of posse comitatus should also serve as a
guide. This is particularly important given the fragile mental state of
americans generally, and america’s leadership especially. No longer is it, if
ever it was true that americans can be trusted to do the right thing. In fact,
quite the opposite is true. Wobama is a desperate and incompetent failure as
president whose invariable breach of campaign promises is a testament to his
unsuitability for the office he currently occupies; and, one can only thank
Stein for recognizing what could devolve into a much more serious and
devastating scenario for the nation owing to wobama’s ever increasing political
desperation. Broadly and generally, murky areas as this, even involving the
military, should be resolved in favor of free speech, first amendment
guarantees and against censorship. Guest
Post: The Ascendence Of Sociopaths In US Governance Durden
3-21-12 How did we get here? An argument can be made that
miscalculation, accident, inattention and the like are why things go bad. Those
elements do have a role, but it is minor. Potential catastrophe across the
board can't be the result of happenstance. When things go wrong on a grand
scale, it's not just bad luck or inadvertence. It's because of serious
character flaws in one or many – or even all – of the players. So is there a
root cause of all the problems I've cited? If we can find it, it may tell us
how we personally can best respond to the problems. In this article, I'm going
to argue that the US government, in particular, is being overrun by the wrong
kind of person. It's a trend that's been in motion for many years but has now
reached a point of no return. In other words, a type of moral rot has become so
prevalent that it's institutional in nature. There is not going to be,
therefore, any serious change in the direction in which the US is headed until
a genuine crisis topples the existing order. Until then, the trend will
accelerate. The reason is that a
certain class of people – sociopaths – are now fully in control of major
American institutions. Their beliefs and attitudes are
insinuated throughout the economic, political, intellectual and
psychological/spiritual fabric of the US. ]
3-21-12 LA City Council Close To Resolution Barring Radio
Hosts From 'Racist, Sexist' Comments... They can’t even competently
run this crime-ridden city where even cops are targets, and now they want to
get into the censorship business? Remember bustamonte’s quip, ‘the last gasp of
white america’? Let the dummies take and require passing a course on first
amendment constitutional law before making greater fools of themselves. POLICE: Black teenagers light 13-year-old on fire;
'You get what you deserve, white boy'... Typical
n*****s! Come on! People are tired of making making up excuses for the blacks.
It’s always the same story with them, no matter where. http://www.albertpeia.com/whitesvictimizedbyblacks.htm
VIDEO: Black Student Becomes Enraged In Evolution Class,
Threatens To Kill Professor...
http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm
Sheriff Joe Warns: 'Tons' more shocking info on
Obama...
Prices Slashed on Limited Edition 'Obama 44'
Jerseys...
REPORT: Troops stressed to breaking point...
More Marines Voicing Disapproval of Obama...
OBAMA BACKS HALF A PIPELINE!
Oil
Prices at $200 a Barrel?
3-20-12
Obama exempts 11 countries from Iran sanctions...
Netanyahu's Holocaust rhetoric under fire...
Lagarde warns of 30% oil spike...
Karzai calls American troops 'demons'...
POSTMAN CLAIMS: Ayers family put 'foreigner' Obama
through school...
...video interview
3-19-12 SANTORUM ENDORSES ROMNEY! [1,504 DAYS AGO]
'If you want conservative as nominee of party, you
must vote for Romney'...
GODFATHER ROM EMANUEL SHUTS DOWN NATO PROTEST...
Big Brother Bloomberg Bans Food Donations...
Might be too salty...
Holder 1995: We Must 'Brainwash' People Against Guns …
[ And guns not the only subject of brainwashing they’re into; after all, in
reality, all holder’s street bros will have their illegal guns anyway, making
the law abiding even more dependent upon and at the mercy of the corrupt,
do-nothing feds et als! ] ...
MARTIAL LAW? WHITE HOUSE ISSUES EXECUTIVE ORDER:
'NATIONAL DEFENSE RESOURCES PREPAREDNESS'...
...document creates widespread worry
WASHPOST: 'A misleading account of Obama's mother and
her insurance dispute'...
Miami Vice: The fight to keep big casinos out of
Florida...
3-16-12 COST OF LIVING SOARS...
CBO: Obama budget deepens debt by $3.5 trillion...
2013 deficit: $977 billion...
CBO sees higher deficits under Obama plan...
Will Tom Hanks Video Help Obama [ Lamentably, sweet
tom never really able to shirk the role of retard once driven to the apollo as
the beloved but mentally challenged gump. Yes, life in america for worst is
like that candidate of chocolate. ] ?
'He Would Not Dwell In Blame' [ Yeah, sounds like a
plan; when, as with wobama, you have so much to be blamed for. In the final
analysis, isn’t blame, the positing of blame to one or another ultimately what
a vigorous and real political process is about, ultimately arriving at who’s
best to provide credible solutions in light thereof? ] ...
GOP mocks [ Indeed they should! Indeed they must!
Wobama’s a joke! ] { The time is come for wobama to pay the piper for every
b***s*** story he’s ever told – and that a real lot of b***s*** to account for!
} ...
CIA wants to spy on you through your TV...
Agency director says net-connected
gadgets will 'transform' surveillance...
Bob Barr Files Lawsuit Against TSA Over 'Drudge'
Controversy...
'HOMELAND' LISTS YAWNING, GOOSE BUMPS AS SUSPICIOUS
BEHAVIOR...
DEM SEN ACCUSES COLLEAGUES OF BEING 'NIGGARDLY'[ But,
to their credit, not niggers! ] ...
SOLDIER NAMED IN AFGHAN MASSACRE...
Writings about war battle discovered...
Angelica Huston: USA Returning to 'Dark Ages'...
3-15-12 Suspect in Afghan Attacks Had Brain Inury
Been Drinking...
'He wasn't thrilled about going on another
deployment'...
KARZAI: GET OUT!
Afghan president wants U.S. troops gone from
villages...
U.S. moves massacre soldier to Kuwait...
Thousands protest, chant anti-American slogans...
Taliban suspends 'peace talks'...
CAM SNUBS REPUBLICANS
Obama Tip for Fainting Audience Members: 'You've Got
to Eat'...
Orders baby back ribs, grits, and corn bread...
Biden lauds Obama as man of 'steal' [ spelled
s-t-e-A-l, with an emblazened O on his frail, weepy chest as in zero, the big
zero wobama the b for b***s***! ] ...
Three in 10 young adults live with parents, highest
level since 1950s...
Axelrod: Limbaugh, Maher sexist comments different...
BUCHANAN: Rush and the new blacklist...
China becomes top investor in Germany...
3-14-12
'I wanted to
have the Marines look just like their Afghan partners'...
First time
stripped of guns during address by secretary of defense...
DISTRUST:
MARINES DISARMED FOR PANETTA AT CAMP LEATHERNECK
Price of gas
in CA jumps 50 cents in one month...
FLASHBACK: Obama
Birthday Party 'Black Heaven' [‘Nigger day’ (aka ‘White Hell’) is darkest night
for america!]...
'Obama
fanatic' pleads guilty to threatening to kill Sheriff Arpaio, family...
3-13-12
CBO NEARLY
DOUBLES OBAMACARE ESTIMATE...
$1.76
TRILLION OVER 10 YEARS!
FLASHBACK:
Obama pledges legislation will cost 'around $900 billion over 10 years'...
Fed: Four
large banks fail stress tests...
CITI
fails...
Spain Has 'Worse Problems Than
Greece'...
AFGHANS BURN
OBAMA EFFIGY...
Taliban
threatens to behead U.S. soldiers...
Fire on
Afghan officials at attack site...
Kabul demands
local trial for US gunman...
3-12-12
PAIN IN THE
PUMP!
44 DOWN TO
41
Fed stress
testing banks against 13% unemployment, 50% drop in stock market...
PAPER:
Germany proposes a 'DRUDGE Tax'... [Sounds a bit ‘naziish’ to me, in
addition to desperate]
Kabul
demands local trial for US gunman...
Afghans urge
exit...
UK plans
combat pull-back...
Killings
bring war to presidential campaign...
U.S. soldier
in Afghan massacre had 'brain injury'...
3-09-12
Unemployment holds: 8.3%...
US still
down 6 million jobs...
THE
NUMBERS...
Trade
deficit widens to biggest gap since '08; Imports hit record...
US borrowing
rises for first time since 2008...
Banks
foreclosing on churches in record numbers...
Greek debt
swap triggers massive payouts...
MOODY'S
declares Greece in default of debt...
Spain's new
govt faces first strike...
Germany
wants new debate on EU constitution...
Hammer-Wielding
Thieves Swipe $450K In High-End Watches -- In 45 Seconds! [ Typical niggers!
It’s happening all over the country, here in california particularly. Where’s
the Drudge story on that ruthless, uncivilized but typical nigger Kony of
uganda fame – remember idi amin? - come on … it’s the same story all over
africa or wherever they are in concentrations; similar stories, including
especially here in america! Face up to it! That’s what niggers are, that’s what
niggers do! ] !
3-08-12 Gov't sets
record deficit...
POLL: 77%
Say Gas Most Important Factor in Election...
REPORT:
Obama lobbying against Keystone pipeline...
FLASH:
Dems kill...
Energy Secy:
I don't own a car...
ISRAEL
REQUESTS 'BUNKER-BUSTER'
Romney
Readies 'Prosecution of Obama'...
Greece in
last ditch scramble to avoid default...
Alarm sounds
over Spain rising debt...
Portugal
Doomed?
3-07-12
Panetta:
'International Permission' Trumps Congressional Permission For Military Actions
… [ Well, isn’t that revolutionary, as in ‘coup speak’, the constitutional
‘check/protection by solid precedent’ dashed in a sweeping statement by an
italian in a failed regime – seen/heard that one before, that ‘international
permission’ being the axis powers consensus giving rise to WW2– this is almost
in the realm of unbelievable yet is all too believable in pervasively corrupt,
defacto bankrupt, war crimes nation america! What total b***s*** / insanity.
Let’s see…who should be the ‘international permissioner’ this day? How ‘bout,
zionist netanayahu, robert mugabe the zimbabwe, etc.. How totally pathetic! ]
...
Weinstein
passes on movie pitch – from [how totally pathetic] Obama!
GAS HITS $6 AT CALIFORNIA STATION...
REPORT: Part
of $11M grant to provide 'business attire' for job seekers aided only 2
people...
Brazil
overtakes UK to become world's 6th-largest economy...
3-06-12 SUPER
CHOOSEDAY...
ROMNEY: ID,
MA, OH, VA, VT...
SANTORUM:
OK, ND, TN...
GINGRICH:
GA...
TOTAL
DELEGATE COUNT...
TOTAL
POPULAR VOTE...
HERE WE GO
AGAIN: Obama moves to aid Syrian 'rebels'...
Sens urge
strike [ And look at these senators: loser mccain who’s ‘knock, knock, knocking
on hell’s door’, zionist lieberman who’s already out the door, and that ‘mixed
up guy’ lindsey graham, all of whom have contributed to america’s national
bankruptcy strategy … ]...
Group sues
for Michelle Obama vacation records [ and there must be plenty of them; tons
and tons … ]...
3-05-12 Tearful
Putin claims election victory: 'Glory to Russia'… [ Glory indeed! Historically
well-deserved! I really don’t believe that Russians realize how important this
victory was for a stable, strong, great Russia prospectively! ] ...
Reasserts
grip...
POWER...
PROTEST
FEAR: G-8 MOVED OUT OF CHICAGOLAND
HOLDER: US
can target citizens overseas...
POLICE:
Black teenagers light 13-year-old on fire; 'You get what you deserve, white
boy'...
Typical n*****s! Come on! People are tired of making making up excuses
for the blacks. It’s always the same story with them, no matter where. http://www.albertpeia.com/whitesvictimizedbyblacks.htm Islamists kill dozens in Nigeria Christmas bombs [ Blacks’
black Christmas! Typical! For ‘self-defeating / self-destructive’ ‘political correctness’ or otherwise,
I believe the under-profiled black serial killer is also the consequence of
their proclivity for and love of killing, random, wanton savagery for no reason
other than for the sake of killing (as, ie., rabid dogs, which distinguishes
them from and positions them below other feral beasts) and otherwise, and an
historic predisposition toward canabalism. After all, the contra-indicated
mainstream ‘politically correct’ view (tv and otherwise) calls for a white perp
in terms of ‘profile’ which is of course, ridiculous. I believe the
under-reporting is owing to multiple killings by blacks being classified as
something other than ‘serial’; ie., gang, gang related, ‘typical’, etc..
Moreover, the anti-white bias of the black perps is also a reality that’s under-reported.
Take a look at the following brutally uncivilized black on white violent
rapes/murders: http://www.albertpeia.com/whitesvictimizedbyblacks.htm Drudgereport:
'Mob' beatings at WI state
fair... 'Hundreds of
young black people beating white people'... [ Typical n*****s! Good thing there are food stamps;
otherwise they’d be reverting to their inherent proclivity for canabalism (send
them back to africa … even give them a lump sum for an irrevocable repatriation
incentive … a huge cost-saving beyond the first year with substantial salutary
effects for the nation, the economy, and the remaining civilized non-blacks).
The other major crimes they do anyway. It’s their nature. You’ll never change
the nigger … they evolved only to ‘a point’ and no further. ] Fairgoers 'pulled out of
cars'... 'They were
just going after white people'... Heightened
security... [ I refrained from using the ‘n word’ (or
even blacks / negroes) in referring to the culprits in the following two
incidents (those tender sensibilities) but I’m sure you’ve guessed that they
were niggers and I include same here in light of the foregoing incident (and
yes, the victims were white), which is typical. ‘.. while walking through
Military Park (a sliver of a “park” - more a pedestrian thoroughfare/cement
walks) in newark, new jersey on the way to the bank during lunch hour, I heard
the clearly audible screams/cries of what turned out to be an old lady on the
ground with blood streaming from her mouth. I ran toward the sound of the
cries, the source of which I could not see because there were so many people in
and about this thoroughfare so as to block any vision of the source of the
cries. When I came to the woman, on the ground, blood streaming from her mouth,
I asked what happened, to which she responded she had been hit in the mouth and
knocked to the ground, her purse stolen/put inside her shopping bag, and she
pointed out the criminal casually now walking across the main street. Nobody
stopped to help her, many having passed her by. I slammed the thug to the
ground so hard that, in light of all the blood and confusion (limbic system /
adrenalin flow) I thought I had been stabbed (the blood was from his elbows
hitting the pavement so hard - no one helped / a crowd gathered / an undercover
cop happened along). When I testified at the Grand Jury Proceeding I made sure
his threat on my life was set forth in prima facie fashion so as to maximize
the DA’s position with both felonies ( he went to prison – pled out ). The
other case I wrote about here ( This was included on my website in the
Psychology forum discussion of ‘bystander effect’ / diffusion of
responsibility. ) - Having had occasion to have run down a mugger in newark,
n.j. who apparently had followed a girl from the bank on her way to the bursar
to pay tuition, though in pretty good shape, I was astounded by how totally
exhausting such a pursuit was, how much like rubber my arms were when I traded
punches with the perpetrator, and truth be told, if I had a flashlight on my
belt, I have little doubt that I would have probably used it to subdue the perp
(a police officer here in California was the object of intense criticism for
having used a flashlight to subdue a criminal
/ nigger after a long chase so I included that here) . The girl was not
that seriously injured, did get her pocketbook and tuition back, and the
criminal / nigger went to jail (where they belong). The other thing about such
a pursuit that amazed me was that no one else assisted the girl or me despite
being in a position to do so. I was also mugged by 4 niggers and 2 hispanics in
an incident here in Los Angeles, CA. But, to be fair and balanced, the RICO
litigation involves those uncivilized who consider themselves ‘whites’ http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf
(predominantly but not exclusively jews / romans-italians / mobsters /
government slugs). ]
Black Serial/Mass/Spree Killer List:
1. Matthew
Emanuel Macon (Murdered and Raped 5 White Women in Lansing)
2. Jimmie
Reed (Murdered his wife and his 2 month old daughter and set them on fire)
3. Shelly
Brooks (Murdered 7 prostitutes in Detroit Cass Corridor)
4. Justin Blackshere
(Stabbed two white cooks at Cheli’s Chili downtown Detroit)
5. Jervon
Miguel Coleman (Murdered three people.)
6. Donell
Ramon Johnson (Murdered a mother and a daughter)
7. Brian
Ranard Davis (6 women known murdered by nigger)
8. Paul Durousseau
(Seven women)
9. Mark Goudeau “The
Baseline Killer” (Eight women and a man in 2005-2006)
10. Coral Eugene Watts
(11 women in Texas & 1 in Michigan)
11. Anthony
McKnight (Five girls and young women)
12. Derrick Todd Lee
(8 Women)
13. Charles
Lendelle Carter (4 known murders; admits to ‘hunting’ Atlantans for 15
years!)
14. The Zebra Killings
(71 White people)
15. Chester Turner
(L.A.s most prolific killer 12 women killed.)
16. Lorenzo
J. Gilyard (Kansas City, MO.—13 victims)
17. Eugene
Victor Britt (Gary, IN.–3 known murder/rapes.)
18. Reginald and
Jonathan Carr (The Wichita Massacre–6 Whites murdered)
19. Ray Joseph
Dandridge and his uncle, Ricky Gevon Gray (Richmond, VA.–Murdered 7 people
in 7 days, including an entire White family.)
20. The
Tinley Park Murderer (Suspect hasn’t been found but has been described as
black – murdered 5 women in a store.)
21. Henry Louis
Wallace (Raped and strangled 5 women to death.)
22. Charles
Johnston (Murdered 3 unarmed white men in hospital)
23. Craig Price
(Brutally murdered 3 women)
24. Harrison
Graham (Brually Murdered 3 women)
25. Charles
Lee “Cookie” Thornton (Murdered 6 Whites at the Kirkwood, MO. city council.
)
26. & 27. Darnell
Hartsfeld & Romeo Pinkerton (Abducted and Murdered 5 from a restaurant)
28 &29. John Allen Muhammad & Lee Boyd Malvo (Sniped 11 people from a
car in DC, 9 died.)
30. George Russell (3 women, WA state)
31. Timothy W. Spencer (5 killed, Arlington, VA and Richmond, VA)
32. Elton M. Jackson (12 gay men killed, Norfolk, VA area)
33. Carlton Gary (3 killed in Columbus, GA)
34. Mohammed Adam Omar (16 women, Yemen. Omar is Sudanese.)
35. Kendall Francois (8 women, Poughkeepsie, NY and surrounding areas.)
36. Terry A. Blair (8 women, Kansas City area)
37. Wayne Williams (33 many of them children!, Atlanta, GA)
38. Vaughn Greenwood (11 killed in LA)
39. Andre Crawford (10 killed in Chicago – southside)
40. Calvin Jackson (9 killed possibley more in NY)
41. Gregory Klepper (killed 8, Chicago – southside)
42. Alton Coleman (Killed 8 in the Midwest)
43. Harrison Graham (killed 7+ in N. Philadelphia)
44. Cleophus Prince (6 killed in, San Diego
45. Robert Rozier (7 killed in, Miami)
46. Maurice Byrd (killed 20 + in St. Louis)
47. Maury Travis (17 and rising, St. Louis and possibly also Atlanta)
48. Hulon Mitchell, a.k.a. Yahweh Ben Yahweh (killed 20+ in Florida)
49. Lorenzo Fayne (killed 5 children in East St. Louis, IL)
50. Paul Durousseau, (killed 6, two of which were pregnant women, Jacksonville,
FL; Georgia.)
51. Eddie Lee Mosley (killed 25 to 30 women, south Florida)
52. Henry Lee Jones (killed 4 in, south Florida; Bartlett, TN)
53. Richard “Babyface” Jameswhite (15 killed in, New York; Georgia.)
54. Donald E. Younge, Jr. (killed 4), East St. Louis, IL; Salt Lake City, UT.
55. Ivan Hill
(killed 6 in Los Angeles area).
56. Michael Vernon (Bronx, NY. Killed at least seven people – )
57. Chester Dewayne Turner (12 women killed in, Los Angeles)
ARREST MADE IN LOS ANGELES GRIM SLEEPER SERIAL KILLER CASE July
07, 2010 http://articles.cnn.com/2010-07-07/justice/grim.sleeper.arrest_1_lonnie-david-franklin-serial-killer-case-family-members?_s=PM:CRIME |By
Mallory Simon, CNN ‘Authorities in California said Wednesday they have arrested
a suspect in the Grim Sleeper serial killer case and will charge him with 10
counts of murder.Lonnie David Franklin Jr., 57, faces an additional count of
attempted murder, Capt. Kevin McClure with the Los Angeles Police Department
said.Franklin will arraigned in court Thursday morning, McClure said.The
California Attorney General's office attributed the arrest to DNA collected
from a relative of the suspect, in a controversial and rarely used practice known
as familial DNA search.’
Of
Course There Are Black Serial Killers by Lynette Holloway
on July 15, 2010 The case of the
"Grim Sleeper" inspires a second look at the popular perception that
serial killing is the province of clever white men.
Serial
Murderers' Row July 16, 2010 The
following black men are among the most prolific serial killers in U.S. history.
http://www.theroot.com/multimedia/gallery-meet-6-black-serial-killers Plus:
Behind the myth that only white men commit such crimes.
Black Serial
Killers Not So Uncommon http://www.amren.com/news/news04/03/03/blackserial.html
200 Involved
In Fights At Mall Of America After Rumors That Rappers Are There...
3-02-12
GOV'T MOTORS
halts production of CHEVY Volt...
Lays off
1,300...
BLAMES
MEDIA FOR LOW SALES...
Judge Orders
Illegal High School Valedictorian To Leave US … [ I have found Colombians to be
very intelligent, civilized, decent and honorable people (despite attempts to
paint them otherwise vis-ŕ-vis the illegal cocaine ops which are really
primarily of american instigation and utility. The more likely reason for this
absurd result is that she forgot to pay the expected judicial bribe, one way or
person or another. That said, keep in mind america’s a far cry from what it
used to be in terms of reasons to want to stay here. ) ...
3-01-12 OIL HIT
$110+
Disputed
report of Saudi blast causes frenzy...
India
resists call to cut Iran imports...
REPORT: Real
inflation at 8%...[Actually, even much higher!]...
Your Share
of Fannie, Freddie Losses: $1,300...
Two more
American troops killed by Afghan soldier...
Obama:
Apology 'Calmed Things Down'… [Riiiiight! That reliable b***s*** effect… only
in america…]...
Afghan
government calls for trial for Quran-burning soldiers...
Russia
accuses US of meddling in presidential vote [President Putin has every reason
to accuse the corrupt, defacto bankrupt and envious u.s.]...
Internet
Outage at Pentagon...
EXCLUSIVE: BREITBART'S LAST HOUR
Death to be reviewed
by L.A. County coroner...
Sheriff
Joe's posse: 'Probable cause' Obama certificate a fraud...
'Forgery'...
2-29-12
DOWNER!
Bernanke
warns lawmakers nation headed for 'massive fiscal cliff'...
China
holdings of US debt at $1.15 trillion...
Ron Paul:
Fed's 'going to self-destruct'...
Energy
Secretary Chu Admits Administration OK with High Gas Prices...
Thieves
Drilling Into Gas Tanks...
2-28-12
Gas Prices
Hit $5 On Long Island...
...new worry
is $6
Detroit
Councilman Proposes Gas Stations Hire Security Guards...
GOOGLE in EU
showdown over privacy rules...
Revealed: US
plans to charge WIKILEAKS' Assange...
More Teens
Getting Jobs To Help Parents...
Israel faces
resistance over Iran strike...
US
security officials remain opposed...
Congressional
committee to consider tax breaks for mustaches...
2-27-12 3 doomsaying
experts who foresee economic devasation ahead...
Obama
49% Gingrich 39%...
UK
Government 'has run out of money'...
Obama
Plays Race Card, Calls on Churches to Support Campaign...
Launches 'African Americans for Obama'...
Forgets
name of governor -- who is chairman of Dem Guv's Assn...
OBAMA
TO CUT HEALTHCARE FOR TROOPS...
CLAIM:
Godfather threw 25% of Chicago kids under bus...
Oil
price rise raises specter of global recession...
U.S.
water bills to triple...
Credit Card
Debt Nears Toxic Levels...
NYT: Obama
using Espionage Act to 'silence and prosecute federal workers'...
NYPD
surveillance of students called 'disgusting'...
White House
pumped millions into program...
Liberal
groups demand investigation...
2-24-12
NOVEMBER
SURPRISE! Debt doomsday may come sooner than expected...
12 killed in
bloodiest day yet of Koran-burning protests...
Mobs charge
US bases...
2 MORE
AMERICAN TROOPS KILLED IN KABUL
Michelle O
Raps the Rich -- at Swanky Fundraiser...
GEITHNER:
Rich must pay more for 'privilege of being an American'… [ Wow! That’s a bad
pitch! Bye, america! ] ...
World's most
famous atheist: I can't be sure God doesn't exist…[Well, that at least makes
sense; because, quite simply, there is a God! ] ...
Karen
Santorum: Husband's surge 'is God's will'... [ Karen
Santorum: Presidential run is 'God's will' (Washington Post) [ The place they call
Heaven to Karen Santorum: News Flash – God has more important things and worlds
to attend to … Further News Flash – Though not popular fare among rationalizers
… Look around you, worldwide. Clearly, the world where the Christ was brutally
crucified (it would happen again and again here) is certainly not God’s
favorite, euphemistically speaking … Final News Flash – No, the Christ was not
sent here by God to be brutally murdered / sacrificed like some animal in some
pagan ritual for the sake of some primitive species evolved from initially
notochords, primitive chordates, and relatively more recently primitive apes.
Summary Conclusion: Decades at best, people don’t flatter yourselves; in earthly
vernacular, God doesn’t give a flyingf*** about this, or any other election.
Deceivers all (look at all the pervasive frauds, deceptions embraced by so
many), do not deceive yourselves. http://albertpeia.com/anthroindex1.htm
]
2-23-12
Afghan
soldier kills two American troops at protests...
Taliban:
Kill foreigners over Koran burnings...
Riots...
OIL JUMPS TO
$108+...
America's
Per Capita Government Debt Worse Than Greece... http://albertpeia.com/debtpercapita.jpg
IRS delays
in sending tax refunds continue...
2-22-12
Gas Prices
Jump 10 Cents -- in Two Minutes!
$6 GAS
Record oil
price sparks fears...
US EMBASSY IN
KABUL ON LOCKDOWN AS KORAN BURNING PROTESTS EXPLODE...
FEDS: Fresh
milk 150 times more dangerous...
'Propaganda'...
Gov't
launches war on hair dryers...
Percentage
of Americans who pay NO TAX hits 49.5...
GODFATHER
II: Rahm to co-chair Obama re-elect...
2-21-12 OIL HITS
$106...
White House seeks
to deflect blame...
GALLUP:
Unemployment Rises to 9% In February...
SATISFACTION
WITH COUNTRY WORST SINCE CARTER...
Michelle
hits the slopes in Aspen month after Hawaiian holiday...
16th
vacation in 3 years…[ Something a bit negroish about this seeming predisposed
proclivity for all the vacations of the obamas which I’m not the first to take
note of; then, as well, there’s wobama’s spending greater than that of all the
presidents since Eisenhower combined – well, you know, it’s an election year
- that ‘nigger-rich’ phenomenon despite
the nation being virtually insurmountably defacto bankrupt! ] ...
For Baby
Boomers, it's now 'work til you drop'...
Gas prices highest ever for this
time of year...
$4.93 in Los
Angeles...
Already,
talk of summer 'staycations'...
IRAN CUTS
OIL TO UK, FRANCE...
Saudi Arabia CUTS Oil Output...
Oil prices
hit 9-month high...
Iranian warships
dock at Syrian port...
US, Britain
urge Israel not to attack...
2-17-12 FEBRUARY:
Gas prices rise to $4 in Los Angeles...
Record High For Month...
President
Putin unleashes wave of anti-American sentiment...
Britain
fears new Cold War over Iran...
Iran sends
'message of peace and friendship'...
Turkey will
not allow NATO to share intelligence with Israel {Wise!}...
CAMPAIGN:
OBAMA TOUTS PLANT HE TRIED TO CLOSE...
Michelle
Obama takes a ski vacation...
Dem
convention co-chair's company got $230m in federal loans for 'green'
projects...
2-16-12 PAT
BUCHANAN: I'VE BEEN BLACKLISTED! OUT AT MSNBC…[ This is rather incredible, and
certainly pathetic! Always a voice of reason and whose fact-filled, fact based
writings and positions were typified by fearless candor, this tragedy of
monumental proportion hearkens back to another dark time in american history
when such blacklisting / censorship was common place even as though
over-reaching the threat though exagerrated was more real. Indeed, today, the
purported threat is in reality exposure of the clearly incompetent, misguided
and corrupt actions of government bureaucrats who consistently attempt to cover
up their failings which have caused this indisputable decline of, from his perspective,
a once great nation. ] ...
Dollar
Getting No Respect...
CBO: Longest
Period Of High Unemployment Since Great Depression...
USA will hit
debt limit before election day...
China wants
say in World Bank choice; Challenge US grip…[Indeed. After all, reality should
count for something.]...
Obama loses
financial backing of big San Fran donor…’ "I don't know where he stands on
anything," – [ Join the club, Mrs. Buell. It’s
a club that includes wobama himself, until the teleprompter speaks. ] ‘...
2-15-12 $3.9 Billion
in Fed Cash Flowed to Energy Firms With Ties to White House...
Insiders had
'huge stake in decisions'...
Big donors reap subsidies...
China
Reduces Holdings of U.S. Treasuries...
...lends
more than $75bn to Latin America
Egypt state
media accuses US of spreading anarchy...
Greek
rhetoric turns hot...
'Forces'
pushing Athens out of euro...
2-14-12 Heightened
Security in U.S. Over Iran Threat; Police Guard Jewish, Israeli Targets...
WARSHIPS
SAIL THROUGH HORMUZ...
US, Europe
look at crippling financial lifeline...
Ahmadinejad
to show off new nuke facilities...
'Neutralized'
Stuxnet virus...
Decision On
Iran Attack To Be Made 'By Summer'...
GAS PRICE UP
83% DURING OBAMA
EU divisions
threaten aid for Greece...
REPORT:
Chicago most corrupt city in USA...
2-13-12 ATHENS BURNS
Greece
passes new austerity bill...
Rioting
Intensifies...
Soros Slams
Merkel; Warns of 'Great Depression'...
Samuel L.
Jackson: 'I Voted for Obama because he's black'...
US SENATE
BAILS OUT BARBER SHOP...
Budget to
increase taxpayer losses on TARP...
US SENATE
BAILS OUT BARBER SHOP...
TMZ: Houston
died of drug, alcohol combo...
REPORT: Not
enough water in lungs to have drowned...
2-10-12 Obama budget
to miss deficit goal...
-$1,330,000,000,000.00...
BISHOPS:
Obama Solution 'Unacceptable'...
Burned by
Religion Once Again...
NRA: Obama will
'erase' 2nd Amendment next term...
34 ITALIAN
BANKS DOWNGRADED...
Argentina
accuses UK of deploying nuke weapons near Falklands... Sub rub...
2-9-12 Rep. Bachus
faces insider-trading investigation... Developing...
'Homeland
Security' monitoring Internet for anti-govt sentiment, social unrest...
Archbishop:
Obama Needs To Stop 'Intruding Into Internal Life Of Church'... 'Betrayed'...
LAPD SETS UP
DOMESTIC 'WAR ROOM'
WIRE:
Foreclosure Deal to Spur Home Seizures...
Greece deal
fails to convince, EU demands more...
Fresh wave
of strikes...
2-8-12 Obama
approval rating 'below historical reelction standard'...
REPORT:
Gov't Dependency Shoots Up 23%, Biggest Jump Since Carter...
REICH: Obama
Has Handed Election Over To Super Rich...
International
'militarization' in Syria growing closer...
China
defends veto … {Really not necessary in light of u.s., israel, eu irrationality
} ...
POLAR ICE
CAPS MELTING LESS THAN THOUGHT...
STUDY:
Himalayas, nearby peaks lost no ice in past
10 years...
Scientists
'stunned'...
'I Feel
Duped'...
2-7-12 Greece:
'There's no more left to cut'...
Lawmakers
Protest Removal of 'GOD' reference from Air Force Patch…[Yeah, I guess beyond
propaganda that was just too much a stretch, given their Godless activities in
recent times! ]...
2-6-12 Greece takes
step closer to default...
Europe's
banks face challenge on capital...
Record
global sales of junk bonds...
CHURCH VOWS
WAR ON OBAMA
'FIGHT
IN STREETS'
Lieutenant Colonel Breaks
Ranks:
Pentagon
painting false picture of Afghan war...
'Military
leaders have let us down'...
2-3-12 HAPPY DAYS
ARE HERE AGAIN: Jobless Rate Falls to Lowest in Three Years...
Nasdaq Hits
11-Year High as Stocks Roar...
OBAMA WARNS
CONGRESS: 'DON'T MUCK IT UP'..
Romney:
Obama DOES NOT Deserve Credit...
Record 1.2M
FALL OUT Of Labor Force...
SANTELLI: Here's What's Wrong
With Data...
Artist
Depicts Obama Trampling The Constitution...
2-2-12 Cameron
Fleeing America To Escape Collapse!!!!!?
Ahmadinejad calls for new world
order...
Holder: I
Knew Nothing About 'Fast and Furious' Gun-Walking...
To Puerto
Rican Rep: 'Wherever you're from'...
NYT loses
$40million in 2011...
Woman
Deported to Mexico; Feds Take Custody of Her Four Children...
2-1-12 MASTER
DIRECTOR JAMES CAMERON: I'M LEAVING USA! [ This is a very big deal and
a very ominous development regarding the usa, such as it is. Mr. Cameron is
extremely intelligent, very civilized, and an historically great film maker /
director. ]
US DEBT
BALLOONS: $15,356,140,000,000...
El Centro,
CA: 26.8% unemployment rate!
GALLUP:
State polls predict huge Obama loss...
1-31-12 MITT 47%
NEWT 32% RICK 13% RON 7%...
Full delegate count so far...
RUBIO: FL
WINNER WILL BE NOMINEE...
Obama runs
up another
trillion-dollar deficit...
CBO says
real unemployment at 10%...
Federal
taxes to jump 30% in 2 years...
SHOWDOWN:
Issa threatens Eric Holder with contempt...
CA
to run out of cash by early March...
Soaring Beef
Prices Force Shoppers To Find Other Options...
Teacher On
Leave For Telling Class White Students Easier To Teach Than Blacks … [ Duh! Of
course that’s true! Before you can solve a problem, you must identify and
acknowledge the problem! ] ...
Video of
black teens savagely beating white boy posted on FACEBOOK; gets 25 'likes'
(probably by blacks) [ People must realize that you will never change the uncivilized,
less evolved nigger. White people are self-destructively crazy to pretend and
even try! ] ... [ http://www.albertpeia.com/whitesvictimizedbyblacks.htm , Black Serial Killers Not So Uncommon http://www.amren.com/news/news04/03/03/blackserial.html
]
VIDEO
[EDITED]...
1-30-12 BUCHANAN:
Reagan White House saw Newt 'political opportunist... not trusted'...
HUNT:
Gingrich May Be Trying to Win One From the Gipper...
PALIN:
'Annoy A Liberal. Vote Newt!'
George Will:
'We're At The Horrid Stage'...
Gingrich:
Romney 'Breathtakingly Dishonest'...
'Pro-abortion,
pro gun-control, pro tax-increase'...
PREDICTS 5
MORE MONTHS OF THIS...
Hints
Santorum should get out...
Romney Mocks
Gingrich: 'Look in the mirror'...
POLLS,
POLLS, POLLS...
GALLUPUSATODAY
POLL OF SWING STATES:
Obama
47% Romney 48%
Obama
50% Paul 43%
Obama
51% Santorum 44%
Obama
54% Gingrich 40%
FRED
DECLARES: Romney has 'DRUDGE in back pocket'… [ I think Fred’s wrong … I don’t
think Romney has Drudge in his back pocket … I think Drudge favors Romney for
Anne Coulter whom he likes! ] ...
Rep. West
Torches Obama, Reid, Pelosi: 'Get the Hell Out of USA'...
GAFFE:
Obama: 'We've created 22 3 million jobs'...
Investors
face 70% loss in Greek deal...
China Buying
Record Quantities of Gold...
-80F in
Alaska! All-time USA record low temp almost broken
but
thermometer breaks!
1-27-12 TWITTER's
new censorship plan rouses global furor...
USA falls to
47th in press freedom rankings...
PAPER:
Pentagon Seeks Mightier Bomb vs. Iran...
1-26-12 REAL GDP COLLAPSE: 1.7% FOR
YEAR
Bankrupt:
Electric Car Firm Got $118.5 Million Stimulus, Biden Visit...
ROMNEY: THE
MOON CAN WAIT...
[ Newt Gingrich promises to build a moon colony by 2020; make it a
U.S. state Wow! Absolute proof that
the slimy newt’s not dealing with a full deck. Say anything? This takes the
cake! The ‘idea man’? Sure, all he needs is Aladdin’s lamp and infinite capital!
Oh yeah, reality nothwithstanding, nasa boondoggles sell well in Cape
Canaveral, Florida (and Houston, Texas). Note, he couldn’t just ‘go to the moon
for the first time’ (that fake video with the flag waving in the moon’s windy
atmosphere yet another example as on fraudulent wall street of that pervasively
addictive hopium)
America’s
debt woe is worse than Greece’s News
(CNN) — ‘Our government is utterly broke. There are signs everywhere one
looks…The government’s total indebtedness is $211 trillion’ . How pathetic and desperate, that slimy newt! ]
NECK-FOR-NECK…[moon
can wait, indeed; clearly a lucid moment for Romney, yet when asked about the
2-state solution, like a gumball machine he regurgitates the neocon/israeli
line that the Palestinians want to eliminate israel when the truth is that the
converse precedes and is truer; that is, that israel wants to eliminate
palestinians and has with american fed military might acted
accordingly…typical, total hogwash!]...
Ron Paul:
Diplomatic relations with Cuba...
Gingrich jab
at debate moderator deflected...
NYT: DRUDGE
slammed for Anti-Gingrich Assault...
KURTZ:
DRUDGE 'has never been part of any establishment' [ I’d say that’s a good thing
and more reason to as I make Drudge a daily read! ]...
PUTIN: USA
WANTS TO CONTROL EVERYTHING...
1-25-12 NEWT
FLASHBACK: REAGAN WAS RESPONSIBLE FOR NATIONAL 'DECAY'...
'The Reagan
administration has failed, is failing, and without a dramatic change in
strategy will continue to fail... President Reagan is clearly failing'...
INSIDER:
GINGRICH REPEATEDLY INSULTED REAGAN
NEWT SLAMMED
SENATE REPUBLICAN LEADER DOLE: 'THE TAX COLLECTOR FOR THE WELFARE STATE'...
R. EMMETT
TYRRELL: William Jefferson Gingrich...
COULTER:
RE-ELECT OBAMA: VOTE NEWT!...
'Conservatives
should not be surprised by scandals that lie ahead'...
What Reagan
Thought of Newt -- Excerpt from The Reagan Diaries...
State of the
Union Ratings Down 12%...
Obama's
Lowest...
MERKEL CASTS
DOUBT ON SAVING GREECE FROM MELTDOWN...
Portuguese
bonds hit as traders fear default...
Soros Warns
Of Dark Times...
Iran
threatens to act first on EU embargo...
Tehran
could block oil exports...
Iran-China
trade soars...
OBAMA HAS
HEATED ARGUMENT WITH AZ GOV.... DEVELOPING...
Flashback:
President Gave Same Treatment to Jindal...
1-24-12 BRUINS
GOALIE SNUBS OBAMA...
CURL: The
Truly Dismal State of the Union...
PELOSI
THREAT: NEWT WON'T BE PRESIDENT
'THERE IS
SOMETHING I KNOW'
Rubio
Defends Romney From Gingrich Attack...
GETTING OUT:
1,000+ Americans ditched their citizenship over taxes...
Buffett
would profit from Keystone oil cancellation...
Billionaire's
secretary to sit in
first lady's box for State of Union address...
'Couldn't
Sleep'...
Boehner invites
pipeline workers...
Obamanomics:
Price Of Gas +83%, Ground Beef +24%, Bacon +22%...
DETAILS:
Daniels Blasts 'Extremism' in Response...
Romney gave
15% to charity; Obama 1%...
Biden gave
$369...
Post Office 'Needs to Cut 260,000
Jobs'...
Rand Paul
refuses patdown...
'I was BARKED
AT: 'Do not leave the cubicle!'...
'Police
state growing out of control'...
On way to
Senate, March For Life...
Constitution:
'Privileged From Arrest'...
'HOMELAND'
DETAINS U.S. SENATOR
WHITE
HOUSE SIDES WITH TSA
OBAMASCARE:
Supremes refuse to consider Kagan recusal...
MITT FIRE:
SPEAKER NEWT 'RESIGNED IN DISGRACE'...
Calls
Gingrich 'Highly Erratic'...
'It's an
October surprise every day'...
PAWLENTY:
OBAMA WOULD BEAT GINGRICH...
NEWT EATS
THE PRESS...
Coulter: SC
Voters Rather Have Snotty Remarks Toward Obama Than Win...
953 dead
people voted in SC?
Gingrich
plans speech on space...
Romney:
Gingrich 'failed leader,' 'disgrace'...
Santorum
sticks around and gives grief...
Dems still
fixated on Romney...
FLASHBACK:
Gingrich favored censoring web to fight terror...
Obama
signals State of Union a campaign rallying call...
Ombudsman to
WASH POST: Hit Obama Harder...
DEFIANT:
Greece presses EU to ease Iran oil sanctions...
Flaming-horned
bull fatally gores man in Spain...
CYBER WAR:
Feds SHUT DOWN file-sharing website; No trial, no due process...
'This is
just the beginning'...
'Anonymous'
Goes on Revenge Spree ...
DoJ, RIAA,
MPAA, and UNIVERSAL MUSIC All Offline...
GOOGLE
Already Using SOPA-Like Censorship...
Republicans
stand together to oppose 'piracy' law...
Canada
Pledges to Sell Oil to Asia After Obama Rejects Keystone Pipeline...
China gets
jump on U.S. for Brazil's oil...
DEFIANT:
Greece presses EU to ease Iran oil sanctions...
Final
hours...
Romney
Pushes Gingrich to Disclose Ethics-Probe Details...
NEWT'S
PUBLIC CLASH WITH REPORTERS -- DIFFERS FROM PRIVATE...
Chuck Norris
endorses Gingrich!
Livingston:
'Newt is Volatile'...
NETWORK SOURCE:
Newt Cancels ABC's THIS WEEK For Sunday... Developing...
Romney sings
Happy Birthday to SC gov....
Insiders
coalescing...
5 MILLION
WATCH CNN DEBATE [6.2 MILLION MTV 'JERSEY SHORE', 18 MILLION 'AMERICAN IDOL']...
Santorum: SC
is NOT end of line...
PAPER:
'America hates Newt Gingrich'...
Citadel
Cadets Differ on Republican Favorite...
POLL:
Romney, Ron Paul Tie Obama...
German
Deputy: S&P Downgrade Part of American 'War Against Euro' … [ Well, it’s
about time someone acknowledged the reality of what’s been going on; which of
course brings into focus the absolute stupidity attendant to europe’s ‘go along
to get along’ policies vis-ŕ-vis america which depite obfuscation is far more
bankrupt than europe and far more desperate. It could have been totally
different for europe. ] ...
HANDS OFF
THE INTERNET!
LAWMAKERS
RETREAT FROM 'ANTI-PIRACY' BILL...
Rubio
Withdraws Support...
'Could
Have Many Unintended Consequences'...
DNC chair
supports...
Treasury
dips into pension funds to avoid debt...
Obama kills
Keystone pipeline; Blames Republicans...
Says more
jobs in jobless benefits...
GOP calls
Hillary to testify...
AP: ABC TO
AIR THURSDAY NIGHT...
GINGRICH
DAUGHTERS: 'The failure of a marriage is terrible and emotional experience'...
NEWT EX-WIFE UNLOADS
Wed Jan 18 2012
Marianne Gingrich has said she could end her ex-husband's career with a single
interview… UPDATE: The
AP reports ABC is now likely to air the segment Thursday on NIGHTLINE.
Russia warns
strike on Iran would be 'catastrophe'...
FITCH: Greece to Default, 'Will Be
Orderly'...
Portugal
moves into default territory...
FDIC Requires Big Banks to Have
Breakup Plan...
FOREIGN COMPANY BUYS U.S.
ELECTION RESULTS REPORTING FIRM...
GLOBAL REPORTING
RAISES ALARMS...
WILL RETURN
LOST DRONE -- A MINIATURE PINK PLASTIC ONE...
Russian
State TV bashes new U.S. ambassador...
CHICAGOLAND:
Video Of Teen Beaten By 7 Thugs
YOUTUBE...
Man Fatally Beaten
Steps Away From Liberty Bell In Philly…
All Four
Wheels Stolen From Cars At Dealership... new york…police officers are investigating a rash of tire and rim thefts that leave victims with their
cars on piles of bricks. Last week, five cars parked in front of private
homes were hit…comment: Happens all the time in Maryland. [ Much worse happens
all the time in pervasively corrupt/defacto bankrupt, meaningfully lawless
america, home of the brave … criminals and mentally ill! http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases against Wall Street lag despite Holder’s vows to target
financial fraud WP Obama has promised to hold Wall
Street accountable for the meltdown. America Is a Failed State Because It Won’t Prosecute Financial
Crime Washington’s Blog ]
BUST:
Another Gov't-funded solar company lays off most of staff...
La dégradation: S&P Cuts Credit
Ratings for NINE EU Nations...
Friday 13th
Shakes Europe...
France
stripped...
POLITIZAP:
Sarkozy braced for impact...
Italy
tumbles...
Austria
Loses...
Germany
Spared...
BRINK: Banks
Say No Deal on Greek...
LET'S GROOVE
… [ ALEXANDRIA, Va. (AP) — They called it “random dancing” but
First Lady Michelle Obama broke out some moves that resembled subdued
variations of “the Monkey” or “the Jerk” Friday during an appearance at a
northern Virginia high school… (she’s comfortable with the monkey / jerk) ] ... [ see http://www.albertpeia.com/chimpodoinmonkeyjerk.htm ]
'Dance Party
For Obama'...
MAG: Mossad
agents posed as CIA in operation… [ "It's amazing what the Israelis
thought they could get away with," a US intelligence officer told Foreign
Policy. "Their recruitment activities were nearly in the open. They
apparently didn't give a damn what we thought," said the official. ]...
Iranians
chant 'Death to America' at funeral for nuclear scientist...
Defiant
Ahmadinejad wins backing of Latin American allies...
'HOMELAND
SECURITY' MONITORING DRUDGE
'WILL RETAIN
INFORMATION' (How totally pathetic, incompetent, and paranoid they
are!)
BELAFONTE: OBAMA
LACKS 'MORAL COMPASS'...
HOLDER
ENDORSES OBAMA POWER GRAB...
Labor board
holds 'meet and greet' for appointees that by-passed Senate...
UPDATE:
Retail sales fail to hit forecasts...
'Worst
Economic Recovery Since Great Depression'...
GONNA NEED
ANOTHER TRILLION...
Debt Nears
$15,194,000,000,000.00 Ceiling..
[http://www.rasmussenreports.com/public_content/politics/elections/election_2012/election_2012_presidential_election/2012_presidential_matchups
, Election
2012: Generic Republican 47%, Obama 43% , Election 2012: Obama 44%, Romney
41% , Wednesday, January 11, 2012 -The Rasmussen Reports daily Presidential
Tracking Poll for Wednesday shows that 22% of the nation's voters Strongly
Approve of the way that Barack Obama is performing his role as president.
Thirty-nine percent (39%) Strongly Disapprove, giving Obama a Presidential
Approval Index rating of -17 ]
Abandoned
Baby Found in 'Occupy DC' Tent...
Greek
children 'dumped in streets' as parents struggle...
TENSIONS
RISE: AHMADINEJAD TOURS CUBA...
Pentagon
moves carriers, denies Iran link...
Nuke
Scientist Assassinated...
Third
Killed...
USA presses
China over Iran oil imports...
Jolie
'disappointment' in Obama...
38,000
Farmers, Ranchers Sue Corzine Over Missing Million$...
NH RESULTS:
MITT 39% RON 23% JON 17% NEWT 10% RICK 9%...
Ron Paul To
Everyone But Romney: Drop Out...
UPDATE: Pat
Buchanan suspended indefinitely by MSNBC…[This is a tragedy typical of the
left; to silence the staight-shootin’, perspicacious Buchanan, censor the
internet/speech, arrest/detain americans without charge/constitutional
protections, etc... Beck
said that President Obama had “a deep seated hatred for white people.”The group
similarly succeeded in a campaign to have conservative website mogul Andrew
Breitbart banned
from the front page of The Huffington Post, after Breitbart called
the organization’s co-founder Van Jones a “cop killer-supporting, racist, demagogic
freak. And a commie. And an eco-fraudster.”…’]
White
House threw secret 'ALICE IN WONDERLAND' bash...
'Punch
served in blood vials'...
WH
'covered up'...
Officials
'nervous about how splashy party would look to jobless Americans'...
WH: 'You
can't believe everything you read in books these days'...
BYE BYE...
FLASHBACK: Daley
planned to leave AFTER election...
Michelle
(the repulsive, chimpish black) distressed about power of 'white Irish
Catholic'...
New Obama
Chief of Staff: Former Hedge Fund Exec at CITI, Made Money off Mortgage
Defaults...
Castro:
'Robot' better than Obama, Republicans...
KODAK
Preparing for Chapter 11 bankruptcy...
CEO on
Obama's Jobs Council...
BOEING To
Lay Off More Than 2,100 Workers At Wichita Plant...
L.A. arson
wave grows to 40 fires; most since 1992 riots...
UPDATE: 16 new
arson fires around LA...
Italian
president urges sacrifices to save economy...
Sarkozy:
France's future hangs in balance in 2012...
Greeks must
avert economic collapse, euro exit...
PAPER: Loss of
faith in politicians, democracy could make '12 most frightening year in living
memory...
REPORT:
OBAMA SPEEDS UP IMMIGRATION VISAS EVEN IF FRAUD IS SUSPECTED...
New laws
take effect -- 40,000 of them! [ Arbitrarily enforced if at all – a nation
of ‘lawslessness’ – what a bunch of frauds! See here - http://albertpeia.com/fbimartinezcongallard.htm , http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf , http://albertpeia.com/40piecesevidenceusdecline.htm , http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm !
Motorcycles,
Bicycles Allowed to Run Red Lights...
Michelle
Obama Jokes: 'I Kind Of Like' Being Called Your Excellency [… yeah, kind of
like in a ‘SubSaharan africa / Planet of the Apes’ kind of way… I find her
wobamish jive-talking and chimpish look repulsive … what a fallen nation! ] ...
Cat survives
2 euthanasia attempts at shelter...
Christian
University Sues Federal Government Over Obamacare...
AS IOWA
TURNS: NEWT WEEPS [ Slimy newt’s muskie moment! ]
Floats Palin
for VP...
Kills
Chapter on 'Climate Change' in Upcoming Book...
On $4M
Vacation, Michelle Seeks $3 From Backers...
Christie:
'After Three Years Of Obama, We Are Hopeless And Changeless'...
Just 55%
Between 16 and 29 Have Jobs...
Dow Logs
Gain in Volatile Year; S&P Ends Flat...
Flurry of
Trades in Final Seconds Snatched Away 2011 Advance...
Gold Ends
Year Up 10%...
Euro ends
year as world's worst performing currency...
NERVES: 'Flash Crash' Threatens to
Return With a Vengeance...
Women
(blacks) trade punches over Air Jordans...
Pandemonium
as shoppers race for shoes...
Cops pepper
spray mob (of blacks) ...
Brawl...
Gunfire...
They Can't
Wait, They (blacks) Break Into The Mall...
SEASON'S
BEATINGS!
GALLUP:
OBAMA HEADS TO HOLIDAY WITH 44% APPROVE...
OBAMA:
'There is a laziness in me' …(Indeed there is, no need to remind us) ...
2011 likely
worst year for house sales on record, dating back to 1963...
Brazil's
Economy Overtakes Britain As Sixth Largest...
French
unemployment at 12-year high...
REPORT:
Internet censor bill would target political websites...
Oil price
climbs amid Iranian threat...
Vows to stop
Gulf oil if sanctions widened...
I NEED
ANOTHER $1.2 TRILLION…[so says ‘wobama the b for b***s***’ of defacto bankrupt
america]...
Cuomo wants
casino in New York City…[ Sure … save the mob that sometimes inconvenient (and
costly ‘cut’) ‘trip’ to atlantic city, n.j. with the laundered (drug, etc.)
loot / money … what would you expect from a typical n.y./n.j. guinea ] ...
Pelosi Slips
Quietly into Hawaii Resort; $10,000 a night suite...
REPORT:
Pelosi wants to retire -- says daughter [ must be miffed about that ‘no pay
raise’ this year ] ...
Paul gets
front-runner's welcome...
MICHELLE
SPORTS $2K SUN DRESS...
MCDONALD'S
Offers Free Coffee During Tough Economic Times...
STOCKS TURN
NEG FOR YEAR...
Russia
scolds United States for human rights abuse...
MELEE AT
MALL OF AMERICA...
Man beaten
by robbers -- who stole new Air Jordan sneakers off his feet!...
Hundreds of
Teens Run Wild After Rumors That Rappers 'Lil Wayne, Drake Are There...
VIDEO: Mayhem, Screams...
California soldier shot at his homecoming party [ From one war
zone to another! ]
Islamists kill dozens in Nigeria Christmas bombs [ Blacks’
black Christmas! Typical! ]
For
‘self-defeating / self-destructive’ ‘political correctness’ or otherwise, I
believe the under-profiled black serial killer is also the consequence of their
proclivity for and love of killing, random, wanton savagery for no reason other
than for the sake of killing (as, ie., rabid dogs, which distinguishes them
from and positions them below other feral beasts) and otherwise, and an
historic predisposition toward canabalism. After all, the contra-indicated
mainstream ‘politically correct’ view (tv and otherwise) calls for a white perp
in terms of ‘profile’ which is of course, ridiculous. I believe the
under-reporting is owing to multiple killings by blacks being classified as
something other than ‘serial’; ie., gang, gang related, ‘typical’, etc..
Moreover, the anti-white bias of the black perps is also a reality that’s
under-reported. Take a look at the following brutally uncivilized black on
white violent rapes/murders:
http://www.albertpeia.com/whitesvictimizedbyblacks.htm
Black Serial/Mass/Spree
Killer List:
1. Matthew
Emanuel Macon (Murdered and Raped 5 White Women in Lansing)
2. Jimmie
Reed (Murdered his wife and his 2 month old daughter and set them on fire)
3. Shelly
Brooks (Murdered 7 prostitutes in Detroit Cass Corridor)
4. Justin Blackshere
(Stabbed two white cooks at Cheli’s Chili downtown Detroit)
5. Jervon
Miguel Coleman (Murdered three people.)
6. Donell
Ramon Johnson (Murdered a mother and a daughter)
7. Brian
Ranard Davis (6 women known murdered by nigger)
8. Paul Durousseau
(Seven women)
9. Mark Goudeau “The
Baseline Killer” (Eight women and a man in 2005-2006)
10. Coral Eugene Watts
(11 women in Texas & 1 in Michigan)
11. Anthony
McKnight (Five girls and young women)
12. Derrick Todd Lee
(8 Women)
13. Charles
Lendelle Carter (4 known murders; admits to ‘hunting’ Atlantans for 15
years!)
14. The Zebra Killings
(71 White people)
15. Chester Turner
(L.A.s most prolific killer 12 women killed.)
16. Lorenzo
J. Gilyard (Kansas City, MO.—13 victims)
17. Eugene
Victor Britt (Gary, IN.–3 known murder/rapes.)
18. Reginald and
Jonathan Carr (The Wichita Massacre–6 Whites murdered)
19. Ray Joseph
Dandridge and his uncle, Ricky Gevon Gray (Richmond, VA.–Murdered 7 people
in 7 days, including an entire White family.)
20. The
Tinley Park Murderer (Suspect hasn’t been found but has been described as
black – murdered 5 women in a store.)
21. Henry Louis
Wallace (Raped and strangled 5 women to death.)
22. Charles
Johnston (Murdered 3 unarmed white men in hospital)
23. Craig Price
(Brutally murdered 3 women)
24. Harrison
Graham (Brually Murdered 3 women)
25. Charles
Lee “Cookie” Thornton (Murdered 6 Whites at the Kirkwood, MO. city council.
)
26. & 27. Darnell
Hartsfeld & Romeo Pinkerton (Abducted and Murdered 5 from a restaurant)
28 &29. John Allen Muhammad & Lee Boyd Malvo (Sniped 11 people from a
car in DC, 9 died.)
30. George Russell (3 women, WA state)
31. Timothy W. Spencer (5 killed, Arlington, VA and Richmond, VA)
32. Elton M. Jackson (12 gay men killed, Norfolk, VA area)
33. Carlton Gary (3 killed in Columbus, GA)
34. Mohammed Adam Omar (16 women, Yemen. Omar is Sudanese.)
35. Kendall Francois (8 women, Poughkeepsie, NY and surrounding areas.)
36. Terry A. Blair (8 women, Kansas City area)
37. Wayne Williams (33 many of them children!, Atlanta, GA)
38. Vaughn Greenwood (11 killed in LA)
39. Andre Crawford (10 killed in Chicago – southside)
40. Calvin Jackson (9 killed possibley more in NY)
41. Gregory Klepper (killed 8, Chicago – southside)
42. Alton Coleman (Killed 8 in the Midwest)
43. Harrison Graham (killed 7+ in N. Philadelphia)
44. Cleophus Prince (6 killed in, San Diego
45. Robert Rozier (7 killed in, Miami)
46. Maurice Byrd (killed 20 + in St. Louis)
47. Maury Travis (17 and rising, St. Louis and possibly also Atlanta)
48. Hulon Mitchell, a.k.a. Yahweh Ben Yahweh (killed 20+ in Florida)
49. Lorenzo Fayne (killed 5 children in East St. Louis, IL)
50. Paul Durousseau, (killed 6, two of which were pregnant women, Jacksonville,
FL; Georgia.)
51. Eddie Lee Mosley (killed 25 to 30 women, south Florida)
52. Henry Lee Jones (killed 4 in, south Florida; Bartlett, TN)
53. Richard “Babyface” Jameswhite (15 killed in, New York; Georgia.)
54. Donald E. Younge, Jr. (killed 4), East St. Louis, IL; Salt Lake City, UT.
55. Ivan Hill
(killed 6 in Los Angeles area).
56. Michael Vernon (Bronx, NY. Killed at least seven people – )
57. Chester Dewayne Turner (12 women killed in, Los Angeles)
ARREST MADE IN LOS ANGELES GRIM SLEEPER SERIAL KILLER CASE July
07, 2010 http://articles.cnn.com/2010-07-07/justice/grim.sleeper.arrest_1_lonnie-david-franklin-serial-killer-case-family-members?_s=PM:CRIME |By
Mallory Simon, CNN ‘Authorities in California said Wednesday they have arrested
a suspect in the Grim Sleeper serial killer case and will charge him with 10
counts of murder.Lonnie David Franklin Jr., 57, faces an additional count of
attempted murder, Capt. Kevin McClure with the Los Angeles Police Department
said.Franklin will arraigned in court Thursday morning, McClure said.The
California Attorney General's office attributed the arrest to DNA collected
from a relative of the suspect, in a controversial and rarely used practice
known as familial DNA search.’
Of
Course There Are Black Serial Killers by Lynette Holloway
on July 15, 2010 The case of the
"Grim Sleeper" inspires a second look at the popular perception that
serial killing is the province of clever white men.
Serial
Murderers' Row July 16, 2010 The
following black men are among the most prolific serial killers in U.S. history.
http://www.theroot.com/multimedia/gallery-meet-6-black-serial-killers Plus:
Behind the myth that only white men commit such crimes.
Black Serial Killers Not So Uncommon http://www.amren.com/news/news04/03/03/blackserial.html
200 Involved In Fights At Mall Of America After Rumors
That Rappers Are There...
Oil price
near $100 on global security concerns...
Investors Lose Faith in Stocks As
Billions Pour Out of Funds...
DANGER: Fed
asks banks to keep more cash at hand...
IMF: World
economy at a 'very dangerous juncture'...
90
Congressmen have 'no confidence' in Eric Holder, say he should resign...
HAPPY
HOLIDAYS: USA DEBT NOW $15,123,841,000,000!
Russia and US
clash over NATO bombing probe... UNITED NATIONS (AP) --
Russia urged the U.N. Security Council on Thursday to investigate civilian
deaths in Libya from NATO's bombing campaign…
Matt Damon
rips Obama again (abc’s ‘coco duo, rob mo and sunny ho disapproved’ of Matt’s
rather tame but forthright criticism of failed president ‘wobama the b for
b***s***’ for whom there is no legitimate defense!)...
Chavez:
Obama a 'clown' president...
'Lectures us
on eating right'...
Local Cops
Ready for War With DHS-Funded Military Weapons...
Armored cars
with turrets, drones, military-grade assault rifles...
REPORT: Chevy Volt Costing
Taxpayers Up to $250K Per Vehicle...
CAVUTO: Volt sales inflated with
taxpayer fleet buys...
FED-EX guy chucks
package over fence -- a computer monitor! [ I had a similar
experience with fed-ex and the computer delivered didn’t work at all ]
UK's AAA
credit rating threatened by 'formidable challenges'...
'Miracle' if
France keeps it...
IOWA GOV:
IGNORE PAUL WIN...
VOTE WILL BE
HACKED!
Chavez:
Obama a 'clown' president...[ …“Mr. Obama decided to attack us,” Chávez said. “Now
you want to win votes by attacking Venezuela. Don’t be irresponsible. You are a
clown, a clown. Leave us in peace … Go after your votes by fulfilling that which
you promised your people. Focus on governing your country, which you’ve turned
into a disaster,” Chávez said, according to The Guardian…’ Read more: http://www.politico.com/news/stories/1211/70694.html#ixzz1hA7JMS1q ]
PELOSI:
Extending Unemployment Benefits Will Create 600,000 Jobs...
Cybersecurity
bill would establish 'federal big brother'...
Internet
architects oppose US online piracy bills..
France's AAA
Outlook Cut as FITCH Reviews Ratings of Italy, Spain, Belgium...
Most stock
funds post losses this year...
Gingrich:
Send US marshals to arrest judges who defy Congressional subpoenas...
DANGER: BANK
OF AMERICA shares close below $5...
Ron Paul
Warns Martial Law Being Established in USA...
Missing $4,155? It Went Into Your
Gas Tank This Year…[ and into wall street pockets courtesy of the fed’s
over-printed Weimar dollars for QE’s, etc.]...
PAPER: GOP
will take off gloves if Paul wins IA...
FEAR: IOWA
VOTE WILL BE HACKED!
Frantic
Bachmann 'everywhere' -- 13 stops in 1 day!
Widespread
Obesity Forces Coast Guard to Lower Max Number of People on Ferries…[ Wow! ]...
US Capitol
Christmas Tree Honors Obama, Not Jesus Or Christmas...
Fears over
French credit downgrade...
China
villagers threaten to march on government offices...
Communist
party tested...
FLASHBACK:
Hillary says 'Free internet from political control'...
Jews still
try to segregate Israel buses... By AMY TEIBEL [Yeah … they’re anti-women,
anti-gentile, and … no surprise to me , they’re anti-semitic … you heard it …
anti-semites … Arabs are semites! Could you imagine if such a thing happened to
a jew or a black in america? You’d never here the end of it! ] JERUSALEM (AP)
-- Israel's political leaders and chief rabbis on Sunday condemned persistent
efforts by ultra-Orthodox Jewish men to shunt Israeli women to the back of
public buses, a year after the country's Supreme Court outlawed the
practice.The outcry came in reaction to an Israeli woman's experience of being
asked to move to the back of a bus, which was
Facebook and became a cause celebre in the Israeli media on Sunday. The
case even drew public comment from Prime Minister Benjamin Netanyahu, who
deplored gender segregation.Ultra-Orthodox Jews, who make up about 10 percent
of Israel's population of 7.6 million, have become increasingly aggressive in
their efforts to impose their norms in public spaces. The ultra-Orthodox have
segregated bus lines and some walkways in their neighborhoods.In Jerusalem,
billboards depicting women have become a rarity because ultra-Orthodox vandals
rip them down. The issue also has seeped into the military, where religious
soldiers walked out of a military event several months ago because women were
singing - which extremely devout Jews believe is contrary to Jewish law.In the
past, ultra-Orthodox Jews have confined their strict practices to their own
neighborhoods, alongside occasional attempts to pass restrictive legislation banning
sale of pork or opening shops on the Jewish Sabbath.Recently the extremist Jews
have been trying to impose their norms outside their own enclaves, but the
effects are scattered. Most of Israel's secular majority is not directly
affected.The Supreme Court was forced to wade into the controversy last year,
when it ruled on the segregated buses and sidewalks. Although activists say
harassment on buses has diminished since the court ruling late last year, some
fiercely devout are persisting with their efforts to block the mixing of the
sexes in public.Tanya Rosenblit, a 28-year-old woman from the southern town of
Ashdod, discovered this last Friday, when she boarded a bus to an Orthodox
neighborhood in Jerusalem. Shortly after she sat down behind the driver, a man
wearing the black garb and flowing sidelocks of the ultra-Orthodox boarded the
bus and asked her to move. She refused, and the man then blocked the bus from
driving, she told The Associated Press. She held her ground - even after a male
police officer dispatched to the scene asked her if she was "willing to
respect them and move to the back," she said….’
McQueary: I
saw Sandusky molesting boy...
I TOLD
PATERNO...
15 EU
Nations Placed on Negative Credit Watch...
Huntsman:
Trump debate 'is a joke’ [ Yeah! He’s got that exactly right … after all, what
can you expect from the joker, trump … a joke of course, or worse! ]'
PERRY WON'T
KISS THE RING
BACHMANN
WILL NOT ATTEND
Obama
celebrates Hanukkah at White House...
TWO
WEEKS EARLY?
LIGHTS
ALL
THE CANDLES...
'We Never
Need an Excuse For a Good Party'[ Riiiiight! There’s plenty to party about in
america today, and room for extra vacation time too! ]...
COMING SOON:
AMERICANS IN GITMO...
Bill allows
indefinite detention without trial...
Obama
'demanded law apply to U.S. citizens'...
Even Al
Jazeera asks: 'How did we get here?'
US
clears Iraqi airspace for Israeli strike on Iran...
IRAQI
OFFICIALS SKIP U.S. END-OF-WAR CEREMONY...
China trims
holdings of US Treasury debt...
FORECAST:
GLOOMY...
FITCH
downgrades 8 global banks...
Crisis
'poses military risk'...
IMF chief
warns over 1930s-style threats...
French
leaders launch outspoken public attacks on Britain...
PAPER:
Obama's Watergate...
SHE CAN'T
WAIT: MICHELLE TAKES OFF TO HAWAII...
ENTOURAGE OF
MILITARY FLEET, LIMOS...
FLASHBACK:
Obama exec order seeks to cut unnecessary travel...
RADIOHOST SAVAGE
OFFERS NEWT $1M TO GET OUT...
Glenn Beck:
I'd consider Ron Paul as third party over Newt...
Gary Busey
Endorses Gingrich...
Congress
considers bill to censor Internet...
'Free speech
kill switch'...
Would
'criminalize' Internet...
'Communist
China is model'...
MISSION
ACCOMPLISHED: Panetta says 'we're winning' in Afghanistan…[ Riiiiight! Sure …
if national insolvency is the goal and standard for victory. How pathetic
… oh yeah, if the americanized increased
heroin trade is also a goal and standard; but, only great for the select few
war profiteers and not at all anywhere near helping defacto bankrupt america
and actually costs more to america / world societies owing to the deleterious
effects, consequences, costs of the scourge of this hardcore, addictive
narcotic! ]...
Senate
Dems kill bill that would have required balanced budget...
THREATEN
CHRISTMAS GOV'T SHUTDOWN...
House defies
Obama on payroll tax bill...
Paul rips
Romney, Gingrich as 'from the same mold'...
AXELROD ON
OBAMA, NEWT: 'The higher a monkey climbs on pole, more you can see his butt'...
Dem lawmaker
blasts Obama as arrogant, alienating...
MF Corzine
back before Congress...
Denies
'misuse' of funds...
Employee: He
Knew...
Companies
blame unemployment on skills gap...
Lack
of qualified workers, not demand, cited...
EURO PLUNGES...
Euro Tumult
Shows Netherlands Converging With Germany at Expense of France...
ABC Debate
Draws 7.6 Million; Most-Watched of Year...
PAPER: Fears
persist American jobs crisis cannot be fixed [They call it not fear, but
reality!]...
Real unemployment
rate at 11%...
Industrialized
nations' borrowings to pass $10 trillion for year...
PANIC: BANK
RUN IN LATVIA...
Butter
shortage in Norway pushes price per pound to nearly $500...
BELIEVE!
TEBOW
DAZZLES NATION...
Dowd: We
need faith like Tebow's in White House...
UP EURS...
UK
eurosceptic press jubilant at veto...
Sarkozy
'snubs' Cameron handshake...
Worries grow
over IMF loans...
Average
Family Lost $21K in 6 Months Due To Property Values, Stock Market...
Hill
staffers tweet of partying, 'idiot boss'...
GOV'T MOTORS
LAYS OFF WORKERS...
Lawmakers
press Volt's safety...
Corzine
'stunned' cash can't be found...
Lying 'has
to do with your state of mind' [ the’ holder view’ that loses hold of reality
in those ethereal nether reaches of the mind that precludes rationality’-
nothing to see here says he, it’s all in his mind … riiiiight! ] ...
Hundreds of
NASA moon rocks missing! [ Yeah … the clearly petrified wood ones …
fewer pieces of clear evidence that THEY NEVER SET FOOT ON THE MOON! http://www.freerepublic.com/focus/f-chat/2325971/posts (you know … from all those trees on the moon
… from waving too hard in the breeze on the windy -NOT,no atmosphere- moon like
the american flag in the fake footage … what frauds!) ] Astronauts'
tracks, trash seen in new moon photos [ The easiest thing in the
world to contrive (don’t forget they can with some precision today send robotics
to ie., mars, etc.) and doctor so don’t be taken in by their fraudulent
b***s***! They’re probably desperately looking for some money / budgetary
consideration for their continued boondoggles. No man has ever set foot on the
moon to date. As
NASA transitions, U.S. space politics in a state of flux (Washington Post) [ U.S. space politics? I
didn’t know there was such a thing. But I, and I’m sure all know that ‘u.s.
politics are spaced’. Flux? One could only hope. I’d say, ‘fleeced’; as in
we’ve all been fleeced. Sterner:
5 myths about NASA (Washington
Post) [ If you can’t get past the first myth; viz., that they actually set foot
on the moon, the other 5 so-called myths become irrelevant. Indeed,
post-Eisenhower, and certainly post-Kennedy-assassination / coup d’etat, NASA
was all military / military industrial complex (moreover, someone knowledgeable
about such matters said essentially that in explaining to my surprise the
transition to the shuttle program it was said there was greater military
application in same). In any event, Russia’s been doing quite a bit of ‘heavy
lifting’ vis-ŕ-vis the space station, but not inordinately so. All I can say
with certainty is that the universe beyond this solar system is forever
protected / insulated. The fact is, they never set foot on the moon; and, in
light of the pervasive corruption in and defacto bankruptcy of the nation,
their perpetual wars toward making a hell on earth militate against anything
but trying to do even just a little bit better (for a start),
terrestrially. NASA wants
mission to bring Martian rocks to Earth (AP) Why? They already have
that and more: Launch
of secret US space ship masks even more secret launch of new weapon The
Militarization of Outer Space: The Pentagon’s “Space Warriors” Global Research | It’s not as if
things aren’t bad enough right here on planet earth. Now the Defense Department
wants to up the stakes with new, destabilizing weapons systems that will transform
low- and high-earth orbit into another
“battlespace.” buzz aldrin
wants to colonize Mars … Riiiiight buzzed! Better check with DePalma to see if
he already has the footage in the can since you won’t be able to use the moon
footage for the new boondoggle video ... OBAMA SPEECH OUTLINES PLANS FOR RETURNING DEFACTO
BANKRUPT U.S. TO SPACE – OOOOOH! SOUNDS LIKE A PLAN … FOR INNER SPACE
(IMAGINATION). NASA's New Asteroid Mission Could Save the Planet Space.com -
- CAPE CANAVERAL, Fla. -
President Barack Obama set a lofty next goal this week for Americans in space:
Visiting an asteroid by 2025. Obama's asteroid goal: tougher, riskier than moon The Associated Press Obama calls for NASA to focus on trips to Mars and beyond Computerworld New Boondoggle promised to save NASA
boondoggle defacto bankrupt budget piece of pie. And don’t forget, Bruce Willis and
Ben Affleck, et als, have already done this so it’s not as if they’re starting
from ‘ground zero’, so to speak; and Brian DePalma already has ‘Mission to
Mars’ in the can, but beware say the producers of ‘Species II’ since Eve, the
cloned daughter of Sill, might want to mate with astronaut Paddy Ross who has
returned from Mars as a space alien host body. First fake moonwalker blasts Obama's space plan msnbc.com -
- The first man to pretend to
walk on the moon blasted President Barack Obama's decision to cancel NASA's
back-to-the-moon program on Tuesday, saying that not going with the new movie
is “devastating” to america's boondoggle spaced out effort. Fake dutch 'moon rock' revealed a treasured piece at the
dutch national museum - a supposed moon rock from the first manned lunar
landing - is nothing more than petrified wood, ...bbc news bbc news | europe |
fake dutch 'moon rock' revealed prized moon rock a fake - a piece of moon rock
given to an overseas politician by the united states is actually a lump of
petrified wood, museum authorities revealed yesterday. http://www.freerepublic.com/focus/f-chat/2325971/posts ... 'Moon rock' in dutch museum is just
petrified wood aug 27, 2009 ... http://www.collectspace.com/ubb/Forum14/HTML/000770.html Fake moon rock at dutch national museum.
Rijksmuseum / ap. This rock, supposedly brought back from the moon by american
astronauts, http://www.usatoday.com/travel/destinations/2009-08-27-rijksmuseum-moon-rock_N.htm
, ... http://www.albertpeia.com/moonfraud.htm
In reality it is just a
piece of petrified wood ... Another piece of evidence that shows again that
apollo program is indeed a fake and a typical american fraud! http://www.albertpeia.com/UFOetryWeNeverWentToTheMoonPNTV.wmv
]
China's Hu
urges navy to prepare for combat...
REPORT:
NKorea making missile able to hit USA...
EURO
'EXPLOSION'...
German
Politician: Downgrade Is American Plot...
MF: Corzine
expected to plead the Fifth...
Third
congressional panel to subpoena...
Dozens arrested in DC...
PAPER: Fed
may give money to IMF to help euro zone...
IN ATHENS,
BIDEN JOKES ABOUT BAILING OUT GREECE...
EURO DRAGS
GERMANY DOWN
PELOSI: DIRT
ON NEWT TO COME...
NEWT: 'Thank
Pelosi for early Christmas gift'...
IRAN BRACES
FOR WAR...
Mysterious
blasts, slayings suggest covert efforts in Iran...
REPORT: Iran
Has Missing American Drone...
TRUMP: 'Take the oil![Not
surprising from a typical american mobster / thief!]'
REPORT: Bill
Clinton collected $50k a month from Corzine's MF GLOBAL...
REPORT:
Pedophilia rampant in Hollywood...
'SOLD OUT!'
OBAMA: 'I'm
going to need another term to finish the job ( of ‘no-change-change’ - in his
dreams )'...
OCCUPIERS
TURN ON OBAMA
OBAMA
LAWYERS: Americans legitimate targets in war on terror...
Only
executive branch, not courts, decides...
OBAMA
COMPARED TO HITLER, STALIN IN NEW GUN COMPANY AD...
THE (SLIMY) NEWT TO MEET THE
(MOBSTER) DONALD...
(VO)MITT COURTS (WAR
CRIMINAL/INCOMPETENT) GEORGE H.W. BUSH...
Ron Paul
Hits Gingrich for Hypocrisy…[Indeed! In fact, Ron Paul, if not the nominee
should run as 3rd Party / Independent Presidential Candidate! It’s time for
pervasively corrupt, defacto bankrupt america to get off the same well-worn
path of ineluctable decline and failure! ]...
DoJ makes
'rare exception' to explain deception...
Withdraws
inaccurate letter it sent to Congress...
Docs raise
more questions about Fast & Furious...
Issa says
Holder ouster is up to White House...
FRIDAY NIGHT
DOCUMENT DUMP
OBAMA OFF TO
HAWAII FOR 17-DAY VACAY...
HO HO HO:
UNEMPLOY RATE 8.6%...
315,000
Americans leave work force...
YESTERDAY:
Jobless claims top 400K...
House Ethics
Committee extends probe into Rep. Jesse Jackson Jr....
Romney visits former President George H.W. Bush [ How totally
pathetic! How desperately pathetic romney the flip-flop is! ]
TWIN
'PLAYBOY' PLAYMATES: OBAMA ABANDONED THE HORSES... Horses could soon be slaughtered for meat in US Horses could soon be butchered in the U.S. for human
consumption after Congress quietly lifted a 5-year-old ban on funding horse
meat inspections, and activists say slaughterhouses could be up and running...{
Another ‘bullish’ sign for pervasively corrupt, defacto bankrupt America.
‘Soylent green’ just around the corner? [Things are looking very, very ominous:
A
good business for a bad economy Firms that keep foreclosed homes clean and
secure are flourishing in these tough financial times. (
FED GOOSES
MARKETS...
TEAMS UP
WITH CENTRAL BANKS...
MERELY 'BUYS TIME' FOR EUROZONE...
PENN STATE
SUIT ALLEGES MORE THAN 100 INSTANCES OF ABUSE...
Latest
accuser says Sandusky threatened to hurt boy's family if he reported...
University
purchases .xxx Internet domains to block usage by the porn industry...
As Home
Prices Sink, Home Ownership Heads to New Lows...
AMR/american airlines BANKRUPT...
Stock drops 85% to 20 cents a
share...
BUSINESSES
PLAN FOR END OF EURO...
Eurozone
Looks to IMF For Rescue...
Finance
Ministers Turn to Radical Ideas...
Approve $11
Billion Loan For Greece...
Germany told
it must act to save Europe…[ Who’s goin’ to save Germany? ]...
Impassioned
plea for continent to avoid 'apocalypse'...
Warned of
'highly devastating outcomes'...
Just days
until collapse?
Deadly NATO
airstrikes 'lasted over an hour'...
US image in
Pakistan 'worst ever'...
NYT: Obama
campaign set to abandon white working class…[Yeah … in favor of, ie., those
drugged up ‘workers’ in detroit who were recently exposed in a mainstream
investigative report and typifiy the why, along with costs, that jobs have left
u.s., etc.]...
Troubled
Maxine Waters set to take over on powerful committee...
PAKISTAN: 24
troops killed in NATO helicopter attack...
RETALIATE:
Pak shuts routes into Afghanistan...
Orders drone
base closed...
PAKISTAN
CUTS US SUPPLY LINES
Burn effigy
of Obama...
ULTIMATUM:
GET OUT...
NATO braces
for reprisals...
AFGHANS: They
fired at us...
PAKISTAN
ENRAGED
Britain
draws up emergency plans for collapse of Euro...
IMF
drafting $800 billion bailout plan for Italy, Spain...
REPORT:
FRANCE, GERMANY PREPARE TO TAKE DRASTIC MEASURES...
NYT: Time
runs short...
Banks brace
for breakup of euro...
Cornel West:
Ultimate Fight For Entitlements Will Be In 'The Streets'...
RIOTS
WARNED...
BLACK AND BLUE
FRIDAY… [Come on! These so-called ‘record sales’ a function of greater numbers
of store ‘early opening’ desperation, discounting, credit card spending despite
falling income, etc., hype and then there’s the hangover as in previous /
ongoing crisis to come. ] ...
Woman pepper
sprays other Black Friday shoppers 'to gain an upper hand'...
'Girls
Punching Each Other' Over Yoga Pants Sale at Victoria's Secret...
VIDEO: Mayhem over $2 waffle maker...
NC police
use pepper spray to break up melee...
Obama hits
the links again... [Itchin’ for permanent vacation!]
Shoots
hoops, takes in a game...
Medvedev
Warns: Russia may target US missile sites...
INVESTORS
SHUN GERMAN BOND SALE...
Euro on 'Death Watch'...
Black
Friday Spending Flat...
Obama hits
the links again...
NO THANKS! WORST SINCE
1932
IRAN
CLAIMS ARREST OF 12 CIA AGENTS
U.S. ranks
25th in life expectancy -- lower than Chile and Greece...
WALL STREET
SERVES MORE TURKEY…[Actually, it’s their fraud and b***s*** catching up with
reality]...
MESS SPREADS
TO BERLIN...
NATO
airstrike kills 6 children in Afghanistan...
Triple bombings
in Iraq kill 19...
'Vigilantes'
on the prowl...
REPORT:
Latest Sandusky accuser a family member...
DEBATE
NUMBER 11...
Sparks
Fly...
Ron Paul:
Patriot Act Is 'Unpatriotic'...
ROMNEY
PROMISES FIRST TRIP AS PRESIDENT WILL BE TO ISRAEL…[romney just gets more and
more desperately pathetic!]...
Gingrich:
Cutting off gasoline would contain Iran...
Contenders
square off on immigration...
WIRE WRAP...
PAUL'S TIME
TO RISE!?
Obama pal
Rezko gets 10 years in jail...
NASCAR Crowd
Boos Michelle.. [Never a previous fan (that round and round and
round– but I do like the flats in horse-racing - Go Big Red {‘Secretariat’, a
terrific film} ), I think I’m going to change my mind in light of the fans’
display of good taste!]
White House
plans celebration of 'country music'...
Gingrich to
Occupy Wall St: 'Go get job right after you take a bath'...[National
response to slimy newt: go get a real job right after you take a bath]
Israel;
'Time has come' to act on Iran... [Time for the world to act on
illegal nuke totin’, war crimes nation israel]
Iran
conducts 4-day air defense drill...
Israel shuts
down dovish radio station...
TRUMP(Mobster
in Chief?): I MIGHT STILL RUN (In his Dreams – Those Fuher Hitler tapes he
‘religiously’ listened to have inspired him)!
Releases financial
disclosure statement...
SUPERFAILURE
Slimy newt
says: I'm the best b***s***artist...
WIRE: Ron
Paul gaining traction...
NEWT: I'm no
Bill Clinton …[Yeah, hypocrite, he’s worse, that very slimy newt] ...
Looking for
budget cuts, Congress bickers over what 'defense' means...
European
missile defense shield on the chopping block...
Police clash
with protesters in Tahrir Square over military rule...
ARAB FALL:
PROTESTS RAGE IN CAIRO...
HERE WE GO
AGAIN: Britain in secret talks with Syrian 'rebels'...
Clinton says
there could be civil war...
Russia
warships to enter Syria waters...
LAWSUIT: Man
fired for not wearing '666' sticker at work…[He should be reinstated and
receive damages!]...
IT TURNS
BLOODY...
Fury At
Sinking Economies Drives Global Demos...
GE filed
57k-page tax return; paid no taxes on $14b in profits...
SHOCK POLL
IOWA: GINGRICH 32% ROMNEY 19% CAIN 13%… { How pathetic and downright stupid
americans have become. gingrich is as big a b***s*** artist as wobama and
similarly has a scandal-ridden track record of failure, including that inside
‘money for nothing’ deal with taxpayer drain freddy’s fannie! But again, that’s
no endorsement of anyone else. What a totally lost in failure nation america’s
become. }...
Sandusky
interview prompts long-ago victims to contact lawyer...
STUDY:
Middle-class areas shrinking...
Banks in USA
Facing 'Serious Risk' on Contagion From Europe...
USA DEBT
JUMPS TO $15 TRILLION...
Fed Now
Largest Holder, Surpassing China...
Challenge to
dollar's dominance 'within decade'...
OIL STARTS
NEW SPIKE....
$102...
CNN POLL:
Whites give president thumbs DOWN 61%-36%; Non-White thumbs UP 67%-32%...[Oh
come on. Let’s get real here. Despite his blatant failure, ‘wobama the b for
b***s***’ will still get 99.99 percent of the black vote. Forget them!]
Penn State
coach says he stopped shower assault... ‘…McQueary was placed on administrative leave last
week after Penn State officials said he had received threats. According to the
grand jury report, the graduate assistant said he saw a boy, whose age he
estimated at 10 years old, "being subjected to anal intercourse" by a
naked Sandusky (according to u.s. forum posts sandusky is a polish jew whose
mother’s maiden name is fittingly ‘gross’ www.topix.com/forum/us/TM9KO1A74D6VPVFS7 ) in a shower at the Penn State football
building in March 2002…’
Paterno in
line for $554,000 annual pension...
SANDUSKY
ADMITS TO SHOWERING...
NYT: 10 more
accusers come forward...
SHOCK:
Teacher Arrested For Masturbating Behind Podium During Class...[inherently
criminal, mentally ill americans are perverse degenerates]
Trend
forecaster Gerald Celente's gold account emptied by MF GLOBAL...
'2 Bad
Corzine didn't die in his car accident!'
ANGRY
CUSTOMERS...
Saudi prince
warns against any attack on Iran...
REPORT: Iran
poised to choke oil supplies if hit by Israel...
Ready to
help Turkey with nuclear plant...
Oil price
again flirting with $100...
Post office
near default? [So what! Let UPS take over the poorly managed, unreliable usps.]… Losses mount to
$5.1B...
OBAMACARE TO
SUPREMES...
5 1/2 HOURS: High Court to Rule on
Obama's mandate...
26 States
Want Entire Law Struck Down...
Decision 4
Months Before Election Day...
Justice
Kagan called to recuse herself...
DAN RATHER:
'(gingrich) Dangerous as a wounded wolverine'...
Obama:
America's 'Been A Little Bit Lazy'…[like their vacation-prone potus]...
SOME DEMS
REFUSE TO BACK OBAMA...
Bachmann
Campaign Accuses CBSNEWS of Bias... Ron Paul Gets 89 Seconds To Speak In CBS Debate Paul
Joseph Watson | Leaked email to Bachmann campaign indicates decision to limit
air time for certain candidates was deliberate CBS News policy. [ It’s really quite
amazing that retreads, such as the already failed, scandal-ridden slimy newt
gingrich (much of america’s current failure had it’s genesis in policies
initiated / supported by gingrich; ie., protection from RICO liability for the
frauds on wall street, etc.) based on his mere adherence to that which is
required of the ‘israeli amen corner’ on capital hill (as pointed out by the
perspicacious Pat Buchanan), despite bringing america down thereby, is the
shibboleth by which all candidates are being measured. Quite amazingly
self-defeating, destructive, and self-destructive for america particularly and
the world generally. That’s why cbs is cbs (for cb***s***). Given america’s
intractable decline, it’s really quite amazing. But, as we’ve seen, pervasively
corrupt, defacto bankrupt america is now fatally beyond shame. Nothing succeeds
quite like failure in america; where crime pays and pays well. ]
CHICAGOLAND:
Thug punches out older man on train platform... http://www.nbcchicago.com/news/local/Teen-Punching-Man-at-CTA-Stop-Caught-on-Tape-133703583.html?dr
[ Typical niggers! Crowd
Laughs, Taunts: 'He knocked his ass out!' ]
UPDATE:
PENTAGON WARNED TROOP REMAINS BEING DUMPED IN LANDFILL...
PANETTA
CAUGHT FLAT-FOOTED AGAIN...
ABRAMOFF: Congress Members Took Part
in Insider Trading...
'THROW THEM
ALL OUT'...
CHINA MOCKS
US POLITICAL MODEL... { While otherwise agreeing owing to america’s
pervasive corruption and defacto bankruptcy and my direct and continuing
experience concerning same [ http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf ,
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ] , in light of china’s communist
form of government which is total b*** s***, I’m compelled to say it’s american
greed, corruption, and policy errors ‘that’s made china’ in light of their
‘sweat-shop, jailhouse, excessively cheap prison labor’ which is the primary
reason for their economic success, coupled with a more rational approach to
geopolitics as compared with their irrational, inherently criminal american
counterparts. I’d also add to China’s credit that their work force is far more
diligent and reliable than that of america where ‘make shift jobs’ are viewed
an entitlement to a now ‘make-shift people’, however uneconomic. It’s the
pervasive corruption, really, in america, which in China is dealt with harshly,
but in america, is rewarded substantially. Crime pays and pays well in america,
and is protected by even more crime (bribery, quid pro quo, etc.) among mob
(including government) groups, which encourages even more crime (the highest
crime rates by far in the world). That pervasively corrupt, defacto bankrupt
america is a failed nation requires no clairvoyant prescience to discern.
China’s mocking of america is well-deserved and comports with reality. Quite
simply, america’s done! That’s reality! }
'David Axelrod's pattern of
sexual misbehavior'...
Panetta
Warns Defense Cuts Could Lead to Attack on USA [ Typical incompetent guinea
from … california … wow! Look at the pelosi/panetta/boxer/feinstein once great
state of california now … horrendous, but substantially better than those
corrupt guinea/mafia strongholds new york/new jersey (italian dog-pack
mentality). Haven’t their tenures coincided with america’s/california’s decline,
with wobama the jive-talking race-card black the coup de gras? america’s
defacto bankrupt and all that that entails and the concern should realistically
be not attack from without but rather coast to coast from within. The military
industrial complex and war profiteers have benefited exorbitantly with the
likes of panetta and his ilk; yet the likes of this incompetent boob would have
never found a place in the administration of the great but substantially
underrated President General Eisenhower, a man of honor and integrity! ( And
the last legitimately elected president since the JFK assassination/coup
d’etat! ) ] ...
FANNIE MAE
taps $7.8 billion more from Treasury, loss widens...
60 MINUTES
Expected to Air Investigation of Pelosi Stock Investments...
MILITARY
DUMPED REMAINS OF DEAD SERVICEMEN -- IN LANDFILL… [ pervasively corrupt,
defacto bankrupt america’s a nation without honor – they’ll use and abuse you,
even post mortem ] ...
Alabama
county seeks to file biggest municipal bankruptcy...
THE BIG
BREAKUP...
Merkel Calls for 'New
Europe'...
STOCKS PLUNGE ON FEAR...
Italy's Woes Signal 'Dangerous
Phase' in Crisis...
'Contagion Spreading; They've Got to
Stop This'...
Greek Unity
Deal in Disarray...
THE FALL OF
BERLUSCONI...
Humiliated
in parliamentary vote...
French ready
for pain as debt reality bites...
Victims
Double In Penn State Case...
...Boys
Raped In Showers
Car of
Republican Philly Mayor Candidate Vandalized -- for the 10th Time!
[ The ‘city of brotherly love’ that loves the bros! I was recruited by Temple
University, but not seriously from my own perspective, infra; but, I had never
seen a college wrestling match, so I went along as invited. When we came out
from the match, the quiffy spike israel’s ‘little buddy’ jimmy fiore’s car was
‘sitting’ on its rims, all four tires stolen, etc.. --- On Wed, 11/18/09, ethan lichtblau <[email protected]>
wrote:
From: ethan lichtblau <[email protected]>
Subject: Your NYU Wrestling Experience
To: [email protected]
Date: Wednesday, November 18, 2009, 11:39 AM
Hi Al,
I know of you from my old wrestling coach, Ron Pollack. I know that you
wrestled at NYU, and that you won the Met Championships. I am writing a
book about my own experiences in wrestling, judo, and ju jitsu. I
wrestled in the Met championships in 1984 when they were held at NYU, and I
remember seeing an old newspaper article they had on display that talked about
you winning the Mets in '72 or '73. You beat Pollack in the finals.
Pollack's coach was quoted in the article as saying
that Ron "gassed out", I'm assuming from nerves.
I am really interested in the phenomenon of "choking" in a
sports event due to being nervous. I was wondering if you had any
memories you could share about this particular match? I know it was
a long time ago, but if you do remember anything I would appreciate whatever
you could share.
Regards,
Ethan Lichtblau
Date: Wed,
18 Nov 2009 22:50:55 -0800
From: [email protected]
Subject: Re: Your NYU Wrestling Experience
To: [email protected]
Hello
Ethan:
The mother of one of our team mates worked with Ron Pollack's dad who kept
telling her how badly Ron Pollack was going to beat me (some others played him
up saying he consistently beat his team mate stu pruzansky by substantial
margins and other such things). In fact, he took an early lead with a take-down
that he was quite good at and I was looking for (something between a firemans'
carry and a barrel role)[1972]. However, by the end of the match, he was quite
haggard, in tears, and I actually had to hold him up on the podium. My tougher
match was the semi's where I met two-time defending Met Champion Ed Rufrano (he
got a special trophy for scoring the most team points
over a period of time). He was quite strong and although I won, I had slipped a
cervical disk (for which I ultimately needed traction - I couldn't even do a
push-up after a couple of days which is very humbling when one relies so much
on will-power). I had also beaten Ron in the finals of the Freshman Met Tournament. I was injured by the end of the season in
the two prior intervening years (interestingly, the neurologist for the
herniated disk pointed out that my bones were relatively small compared to my
musculature/body-mass). I was fortunate to have a great coach in Roger Saunders
(Roger and his brother Richard, a former CIA Agent/Mechanic, were both National
Champions). I couldn't imagine Roger saying one of his wrestlers "gassed
out", even if true. Ron certainly didn't "choke" in the first
period, if at all.
Regards,
Al Peia
______
From:
ethan lichtblau <[email protected]>
Subject: RE: Your NYU Wrestling Experience
To: "Al Peia" <[email protected]>
Date: Thursday, November 19, 2009, 2:07 PM
I really appreciate
your insights about this. I never got a chance to speak to Ron about his
own college wrestling days. I only knew him when I was in high
school, where he was coaching a bunch of local high school wrestlers
on a part time basis. He was also helping out at his alma mater
(?FDU) assisting a guy he used to refer to as "Metz" or
"Metzy". By then he was a fairly un-assuming guy and never even
told me that he had taken a 2nd at the Mets when he was in college.
By the time I went off to NYU Ron had left town to go to chiropractic
school, and I don't think we ever saw each other again.
I now remember what struck me so much about that article that was posted
at NYU. It was accompanied by a picture of three guys on the
podium. You were holding Ron up and he was crying. It's really
a classic picture, even more so because unless you know
the "back" story you can only imagine what is going on in
the wrestler's heads at the moment the shot was taken. I saw this
picture once about 25 years ago and it still sticks in my head.
I was wondering if you could clarify: I am assuming your coach
was named Saunders. He wasn't the one who spoke of gassing out.
Like I said above, I thought Ron was coached at FDU by a guy he used to refer
to as "Metz". It was either Ron's coach (whoever he might
have been) or perhaps Ron himself that stated in the article that Ron
had "gassed out". I also remember now that there was some
suggestion that he had come down with a flu, which might explain his reaching a
state of exhaustion by the end of the match. Or perhaps you just kicked
his ass in in the last 2 periods.
Speaking of Stu Pruzanski, I never met him , but I knew his
brother Dave a bit. Dave owned a gym in the early '80's and our
Judo club used to work out there for a while. This was another guy who
never really told you much about himself. I only found out years later
that he once wrestled Gable to a tie. He was also the only guy
to ever win US National championships in
Judo, wrestling, and Sombo, all in the same year. (?1972). Years
later, maybe 1985 or so, he decided to make a comeback in Judo. He cut a
shit load of weight and ended up fighting me in the finals of a small regional
tournament. I beat him by decision, but really got no satisfaction
out of beating a guy who was so out of shape. Can't remember if this
was before or after one of his kids committed suicide.
Ethan
Date: Thu,
19 Nov 2009 23:49:19 -0800
From: [email protected]
Subject: RE: Your NYU Wrestling Experience
To: [email protected]
Roger Saunders was my coach at NYU and clearly, a great one at that, who
subsequently went to Bloomsburg where he was ultimately Athletic Director on
last info. Bob Metz had quite a few winning teams at FDU, but he was not
Saunders whose brother's wrestling success I alluded to so as to emphasize his
wrestling prowess as no fluke. The last I heard of Dave Pruzansky he was diving
out of a window of his house to evade police who had busted his drug-dealing
operation. As a wrestler he was no joke and you did well to beat him and are
too modest. I included reference to pruzansky because they developed a very
curious, bizarre, and almost gang-like mentality within their "wrestling
click". Upon information, many (if not all) of their clique "amped
up" on amphetamines before their matches. Very close to their clique was
the very weird and corrupt ref spike israel. The very quiffy spike israel had a
"little buddy" jim fiore and had recruited David and his little buddy
(among others) to Temple University to which he
had some connection, and actually attempted to recruit me to same. I didn't
take him seriously; firstly, because he told everyone he had been a state champ
(bull s**t); secondly, because he had screwed me in a high school match wherein
I had pinned leonard pruzanzky in the first period (I had him on his back
almost the entire first period and israel gave me no back points, 2 or 3 for
near fall, let alone the pin, and just the takedown and I lost by a point on
riding time-leg ride). In an open tournament (I think Stroudsburg?), I was
looking at the seedings/pairings/chart and David came up behind me pointed to
my entry and said to the guy he was with that I had beaten his brother leonard.
Roger required our team during one Christmas
break to compete in my first and only free-style tournament. I was up two
weight classes and David won quite handily. That was the third time I had
beaten Ron and frankly, I did grind him into the mat and kick his ass for the
late balance of the first period and the remainder of the match.
The
following is a reply on facebook to someone who said I beat him in wrestle-off
and
completes
my wrestling story.
Good luck
to you in all your endeavors.
Regards,
Al Peia
Howard:
Thank you
for your gracious and overly humble comment. Over time, such things become less
and less important and I can't say that I actually recall that, per se. As we
both know, wrestling was never a pleasant undertaking and although I respect(ed)
the sport, I made it a point never to set foot on a mat off season. You may
also find it somewhat ironic that I actually had made the basketball team (Hubie Brown for whom I had high regard was varsity
coach and Richie Szura the J.V. coach), which sport I enjoyed; and in a meeting
arranged by Dan Deluca (I had won a tournament in junior high and the match
against the rival Thomas Jefferson Junior High) with Coach Szura wherein Szura
nicely but candidly told me that although I had made the team, "that I wasn't
the tallest of angels" (which I thought was very funny and we all laughed)
and essentially I'd be warming the bench while Deluca guaranteed me a varsity letter for wrestling the easy matches since
varsity wrestler Richard Zocco was having difficulty making weight (he never
made weight). As trite and cliched as it sounds, it was the varsity letter
guarantee that sealed the deal (and in my mind, the prospective "help with
the babes therefrom" - actually, it was only the pretty sophomores with
whom it ultimately paid dividends so to speak - how very high school). I had a
great Coach in Roger Sanders who recruited me to
NYU (Roger and his brother Richard, a CIA agent/mechanic, were both national
champions). Wrestling has always been an important learning experience for me.
Such a kind and humble remark as yours deserved a greater explanation.
Al
______
From:
ethan lichtblau <[email protected]>
Subject: RE: Your NYU Wrestling Experience
To: "Al Peia" <[email protected]>
Date: Monday, November 23, 2009, 5:30 AM
Truly,
thanks for all your info. Interesting that you should mention Spike Israel. I am assuming that the
word "quiffy" is code for "gay". Spike was coach
at Tenafly High when I was in high school, and
was known to "like boys". Apparently he taught the Tenafly guys
only one move, the Granby roll, which they
were all quite good at, but very little else. Besides Ron in the
early '70's and Steve and Dave Yale in the later '70's Tenafly basically had no
decent wrestlers during that period. Not really sure if this was a
coaching issue or recruiting issue. Our high school (DMHS in
Englewood) had former state champ Bob Hurley (Bergenfield) as our
assistant coach and former state runner up Reggie
Williams (Hackensack) as head coach, and we also fielded very few good
wrestlers during those years.
Ethan
--- On Thu, 11/19/09, ethan lichtblau <[email protected]>
wrote:
From: ethan lichtblau <[email protected]>
Subject: RE: Your NYU Wrestling Experience
To: "Al Peia" <[email protected]>
Date: Thursday, November 19, 2009, 2:07 PM
I really
appreciate your insights about this. I never got a chance to speak to Ron
about his own college wrestling days. I only knew him when I was
in high school, where he was coaching a bunch of local high
school wrestlers on a part time basis. He was also helping out at his
alma mater
(?FDU) assisting a guy he used to refer to as "Metz" or
"Metzy". By then he was a fairly un-assuming guy and never even
told me that he had taken a 2nd at the Mets when he was in college.
By the time I went off to NYU Ron had left town to go to chiropractic
school, and I don't think we ever saw each other again.
I now remember what struck me so much about that article that was posted
at NYU. It was accompanied by a picture of three guys on the
podium. You were holding Ron up and he was crying. It's really
a classic picture, even more so because unless you know
the "back" story you can only imagine what is going on in
the wrestler's heads at the moment the shot was taken. I saw this
picture once about 25 years ago and it still sticks in my head.
I was wondering if you could clarify: I am assuming your coach
was named Saunders. He wasn't the one who spoke of gassing out.
Like I said above, I thought Ron was coached at FDU by a guy he used to refer
to as "Metz". It was either Ron's coach (whoever he might
have been) or perhaps Ron himself that stated in the article that Ron
had "gassed out". I also remember now that there was some
suggestion that he had come down with a flu, which might explain his reaching a
state of exhaustion by the end of the match. Or perhaps you just kicked
his ass in in the last 2 periods.
Speaking of Stu Pruzanski, I never met him , but I knew his
brother Dave a bit. Dave owned a gym in the early '80's and our
Judo club used to work out there for a while. This was another guy who
never really told you much about himself. I only found out years later that
he once wrestled Gable to a tie. He was also the only guy to
ever win US National championships in Judo,
wrestling, and Sombo, all in the same year. (?1972). Years later,
maybe 1985 or so, he decided to make a comeback in Judo. He cut a shit
load of weight and ended up fighting me in the finals of a small regional
tournament. I beat him by decision, but really got no satisfaction
out of beating a guy who was so out of shape. Can't remember if this
was before or after one of his kids committed suicide.
Ethan
Ethan:
"As a wrestler he
was no joke and you did well to beat him and are too modest."
To reiterate: you are far
too modest!
Good
luck to you in all your endeavors.
Regards,
Al Peia
RUSSIA [ The
Rational Pan-European Nation ] WARNS AGAINST STRIKE ON IRAN...
PAPER: Wall
Street 'MORE profitable'...
Extreme
Poverty Now At Record Levels...
REPORT:
Greek PM to resign today...
'Point of no
return'...
BERLUSCONI
TO BAIL?
Intrigue and
betrayal in Rome...
Speculation
over departure roils markets...
Italy: Too Big to Fail, Too Big to
Save?
Allies push
Berlusconi to resign...
'The beginning of the end'...
Italy
protesters rally against Berlusconi...
... While
Silvio naps
Defiant
Berlusconi refuses IMF bailout...
US
approaches $15 trillion debt limit...
CHINA:
Europe induces 'sloth, indolence'...
TRUTHFUL
TRASH TALK (ABOUT ISRAELI TRASH) BEHIND ISRAELI LEADER'S BACK Report: Sarkozy calls Netanyahu 'liar' Microphones accidently
left on after G20 meeting pick up private conversation between US, French
presidents. Sarkozy admits he 'can't stand' Israeli premier [ Yes …
netansayahu! ]
12 US TROOPS
KILLED...
FREDDIE MAC
seeks further $6 billion from taxpayers...
AIG records
biggest loss since 2009...
'I will
never stand for national anthem again. I will turn my back and I will raise
fist'...
Judge Tosses
TSA Case; Lawyer told ruling 'national security'...
LEAVING
'FASCIST AMERICA', VENTURA OFF TO MEXICO
WHITE
HOUSE REJECTS SOLYNDRA SUBPOENA...
US
approaches $15 trillion debt limit...
G-20 Fails
to Agree on IMF Resources...
Suicide
bomber targeted American NATO bus in Kabul...
TALIBAN
CLAIMS CREDIT...
POLITICO:
Two women accused Cain of inappropriate behavior… [ Read my lips: NO NEW
NIGGERS! … even a fallen despoiled nation in intractable decline as america can
do better than that; ie., wobama v. cain ? (besides, there’s that ‘cancer
problem’, amidst scandals exceeding ‘pubic hairs on soda cans’); this is no
endorsement of anyone else. As a matter of fact, that there are two niggers
vying for the presidency is a testament to how far america has fallen. Maybe
pervasively corrupt, defacto bankrupt america can look to sub-saharan africa
for their models of governance. IT’S OVER: Cain Is Done Business Insider | The scandals
swirling around Herman Cain today will be fatal to his presidential ambitions. ] ...
Cain Chief
Of Staff Calls On Perry Campaign, POLITICO To Apologize...
'Chicagoland
hit'...
Debt
Increased $203B in Oct.: $650 For Every American...
Number of
Americans on food stamps rises 8% to 45,800,000...
Greek
Vote On Bailout Plan Due 'Within Weeks'...
Fears rising
about impact of euro on daily life...
France,
Germany demand decision...
FBI moves in
on Corzine's MF GLOBAL...
FLASHBACK:
Corzine floated for Treasury Secy...
China (the
rational nation financially, economically, geopolitically) sells missiles to
Iran in violation of UN sanctions (where are the sanctions against
israel/america et als for war crimes, violations of international law/u.n.
resolutions, etc.) ...
Israel
test-fires missile that could hit Iran...
NETANYAHU
RALLIES SUPPORT FOR ATTACK...
UK steps up
plans for possible strike...
Greece Vote on Bailout STILL ON...
Gov't 'On
Verge of Imploding'...
Military
Chiefs Replaced...
ON THE
BRINK...
STEVE
JOBS DEAD
EU leaders
race to save deal...
Emergency
meeting in Cannes...
Vote
threatens Sarkozy re-election plans...
PAPER: World
faces years of social unrest as economies falter...
Herman Cain:
The Attacks On Me Are Racially Motivated … [There it is … the race card …
riiiiight!] ...
CONDI TO CAIN: DON'T PLAY THE
CARD...
ISRAEL
AUTHORIZES 'GROUND OPERATION' TO STOP GAZA ROCKETS...
Washington
fears unilateral strike on Iran...
Israel
improving nuclear abilities[ War crimes nation, illegal nuke totin’, defacto
bankrupt american albatross israel keepin’ america’s direction and attention
misdirected ]...
NEW ORLEANS:
15 shot, 2 dead in Halloween shootings [Yeah, those niggers really love ‘candy’
of any kind]...
FLASHBACK:
'I'M READY FOR HIGH-TECH LYNCHING'...
Second
Energy Department-backed company goes bankrupt...
Corzine's MF
GLOBAL files Chapter 11...
Likely Among
the 10 Biggest Bankruptcies Ever...
Iran demands
apology over Saudi ambassador assassination plot charge...
Palestinians
win full membership on UN cultural agency … [ This is both productive and
positive! ] ...
WORLD SERIES
WILD! [Congratulations to the St. Louis Cards … I’m so glad they won
since bush / bushes no doubt were routing for their old Rangers team! ]
EU Officials
look to Beijing, Tokyo -- borrowing costs rocket...
Cameron:
London 'under constant attack' from EU...
GALLUP:
OBAMA APPROVAL SKIDS TO NEW LOW...
FIST FIGHT
BREAKS OUT IN ITALIAN PARLIAMENT...
MERKEL: We should not take peace for
granted...
'Significant
new offer' from bondholders...
EU SAVED --
BY CHINA?
SUMMIT
FATIGUE: Endless gatherings take toll on leaders...
Berlusconi
forced into corner...
FARRAKHAN
LASHES OUT AT OBAMA; CONDEMNS GADHAFI 'ASSASSINATION'...
AUDIO...
DOOM: Fears
euro summit could miss final deal...
'Unknown
territory'...
No bet on
disaster...
Finance ministers cancel meeting...
Berlusconi
fights to save coalition; Gov't on brink of collapse...
Greenspin: European Union Doomed to
Fail...
Japanese yen
jumps to new postwar high...
KILL BOUNCE:
OBAMA MOVES UP TO 44% AT GALLUP… [I don’t believe this poll number for even one
second … this is solely a manipulated ‘pavlov dog conditioning’number]...
Treasury
considers 'new' debt security...
Bank
Predicts Another US Downgrade -- In Just Few Weeks...
EU 'bank
failures will crash Wall Street'...
Pressure on
Italy...
New euro
'empire' plot by Brussels...
Germany's
economic might sets off alarms...
Defections
by Senate Dems Hamper Message on Jobs...
Unemployment rate rises after
Obama visits NC...
DNC's 2012
host state posts highest payroll losses...
DC area tops
income list; Avg fed employee makes $126,000 a year…[With the exception of law
enforcement, ie., FBI, fed employees are uneconomic and almost without
exception, a total waste of money]...
Reid says
govt jobs must take priority over private-sector...
Americans'
Standard of Living Drops Sharply...
Antidepressant
use skyrockets...
RUSSIA:
GADDAFI DEATH BREACHED LAW
Greece may
need 60% bond writedown; EU at odds...
Greeks ask
God for help…[ Not granted! ]...
S&P:
France Likely to Lose Top Rating...
EUROPE
BRACES FOR 'DOWNGRADE BLITZ'...
FLASHBACK:
Gaddafi: Obama is friend...
KILLED IN
HOMETOWN...
CAPTURED
ALIVE...
'DON'T
SHOOT'...
Cost of
Libya operation: $1 Billion...
Clinton: 'We
came, we saw, he died'...
GRAPHIC VIDEO...
FLASHBACK:
Farrakhan: 'That's a Murderer in the White House!'...
HIT LIST:
Obama warns other Mid East dictators THEY COULD BE NEXT...
TIMING? U.S.
busts two Iranians today over terror plot Obama was briefed about in June...
{ U.S. accuses Iran of plot to kill Saudi ambassador [ Oh come
on! That’s as likely as wmd’s in Iraq; or, america and israel hatching such a
plot so they can blame same on Iran. The point is, when it comes to nations
that both war-mongering israel/u.s. would love to make, not love, but war on,
they’d literally say anything; even to the point of paying anyone to say
anything … yellow cake anyone? (‘Bush and Iraq: Follow the Yellow Cake Road’ Read more: http://www.time.com/time/world/article/0,8599,463779,00.html#ixzz1aWL8TndC
‘...the White House defense, having now admitted a falsehood in President Bush's claim, in his State of
the Union address, that Iraq had tried to buy uranium in Africa. Read more: http://www.time.com/time/world/article/0,8599,463779,00.html#ixzz1aWKsd9dp
] }
ENTHUSIASM GAP:
Rs 64%, Ds 43%...
POLL: CAIN 43% OBAMA 41%
WAR DRUMS:
Obama Presses Inspectors on Iran Nuclear Data...
Iran's
former president warns of possible US attack...
Day of
'Global Revolution'...
FITCH: More
Than Dozen Banks May Get Downgraded...
BATTLE ON
'OCCUPY'...
Bloomberg
backs down...
Giuliani
[ghouliani / mafiani]: I Would've Told OWS Protesters, 'Streets Are Not For
Sleeping,' 'Rent A Room' [ from mafia owned / ‘protected’ hotels only, as per
political opportunist –9/11, 9/11, 9/11- ghouliani / mafiani ] [ the difference
between the facist / neurotic approach of ghouliani and the rational approach
of Bloomberg ] ...
'PARTY' IN
TIMES SQUARE!
DENVER
POLICE MOVE IN...
10 ARRESTED
IN SEATTLE...
SD CAMP
DISMANTLED...
OBAMACARE ALREADY FALLING APART?
GRENADES TO
MEXICO...
Obama Spoke
About Fast and Furious Before Holder Claimed He Knew...
SHRINK: Obama
suffers from 'father hunger'...
In Holder
Subpoena, Issa Also Probes WH Press Aide...
BOOK WARNS OF END...
'Defend The
Occupation!': Protesters Ask For Sunrise Support, Tell People To Call 311 To
Complain...
PELOSI
UNHINGED: Republicans 'want women to die on floor'...
Obama
invokes race...
'Unusual'
meeting between US, Iran over plot...
G20 finance
ministers gather as time runs out...
Spain Credit Rating Cut...
Europe
tempted to save Greek trauma for later...
BUCHANAN: Is
the New World Order unraveling?
Panetta
warns budget cuts will force retreat in Africa [ Retreat? What alternate
universe is this guy from … oh right, ‘the land of fruits and nuts’ ]...
CHICAGOLAND:
Video captures two girls violently beating fellow female student...
‘ Tim
Holt · Top Commenter
how many KNEW that this would be black girls when you read the headline?’ [
Isn’t that the truth … typical niggers! ]
Pack of 30
girls attack 15-year-old girl for cellphone...
WAR DRUMS:
IRAN CALLS 'TERROR PLOT' LIE
Saudis say
Iran must 'pay the price'...
Hillary:
'Dangerous escalation'...
Warren
Buffett made $62,855,038 last year...
Company still owes as much as
$1B in back taxes...
CHICAGOLAND:
Union boss to rake in $500,000 yearly pension...
Issa
subpoenas Holder...
Holder ends
press conference after questions on Fast and Furious...
Subpoenas
for Atty Gen imminent...
Belafonte:
Herman Cain 'is bad apple'...
Cain Fires
Back: 'I Left Democrat (for the Republican) Plantation Long Time Ago'...
Afghanistan
shuts down graft probe...
Not a single
Christian church left in country...
AL-QAEDA QUESTIONS LEGALITY OF KILLING U.S.
CITIZEN
TIME
SHORT: UK PM says euro has just weeks .. disaster...
100+ 'Fast
and Furious' guns found in Mexico cartel home...
HOLDER ON
HOT SEAT...
Issa:
Subpoenas issued soon...
Iran calls
Wall Street protests 'American Spring'...
Chavez slams
'horrible repression' of U.S. protests...
Pope
denounces 'inhuman' mafia...
Opposition
grows, hardens...
GALLUP:
OBAMA AT LOW...
Italy, Spain
Ratings Cut by FITCH; Belgium Is Put Under Review by MOODY'S...
FINANCIAL
CRISIS 'WORST WORLD HAS EVER FACED'...
MOODY'S Cuts Rating on 12 UK
Financial Institutions, nine Portuguese banks...
DEPENDENT
STATES OF AMERICA: Nearly Half Live in Households Receiving Govt Benefit...
Wall St
protest expected to swell...
FINANCIAL CRISIS 'WORST WORLD HAS
EVER FACED'
IT'S
OFFICIAL: Housing bust worst since Great Depression...
Sanitation
Becoming Concern...
Pelosi on
Protesters: 'God bless them'...
LA Mayor
Villaraigosa Hands Out Ponchos...
Dallas
Federal Reserve Targeted...
Secret panel
can put Americans on 'kill list'...
CHICAGOLAND:
Bodies double up at morgue...
Post
Office's Rescue Plan: More Junk Mail...
College Walk
Out Planned; 'Anonymous' Releases Threat Against NYSE...
Occupy Wall
Street 'Stands In Solidarity' With Obama Front Group...
Stocks'
massive 'melt-up' fans investor fears...
Police,
rioters clash in Greece as nation goes on strike...
Geithner
warns Europe crisis global threat...
Issa to
Holder: Admit you knew...
Holder
changes story...
DoJ quietly
demotes ATF officials involved in Fast and Furious...
White House
screams, swears at reporter for covering scandal...
Is CBSNEWS
Silencing Reporter?
Afghanistan
violence up 39% over last year...
REPORT:
WHouse awarded $5M 'bonus' to state for Food Stamp signup...
DICK MORRIS
CLAIM: 'Very Possible' Obama Will Bow Out Of Presidential Race...
'AMERICA'S
GOTTEN A LITTLE SOFT’ [Yeah! Soft in the head for tolerating wobama’s b***s***]
'
GALLUP:
(wobama approval) Back in the 30s...
BLOOMBERG
WARNS OF RIOTS...
Assad
threatens to attack Tel Aviv in case of NATO strike...
Russia,
China veto UN resolution on Syria…[Rationality Prevails!]...
Clashes in
Saudi Arabia leave 14 wounded...
Police open
fire on civilians... [But this is ok because saudi arabia’s a
doormat for israeli/u.s. interests]
GOP
calls for special counsel to investigate Holder... Developing...
WHEN DID HE
KNOW?
Holder
changes story about ATF gun-running op...
'Either
Incompetent' or 'Misleading Congress'… [How ‘bout both! … he’s typical!]...
White House
screams, swears at reporter for covering scandal...
'RECOVERY
CLOSE TO FALTERING'
Michael
Moore: The Rich Are Out Of Control, Kleptomaniacs And Sociopaths...
Michelle
Obama's Africa Vacation Cost More Than $432,142...
Daughters
listed as 'senior staff'...
ESPN YANKS
HANK WILLIAMS JR. FROM 'MONDAY NIGHT FOOTBALL'...
LIKENS OBAMA
TO HITLER...
VIDEO...
PUTIN EYES 'EURASIAN UNION'
PAPER: China
or USA? Make your choice...
Greece Falls Into 'Death Spiral'...
RON PAUL
FLOATS IMPEACHMENT FOR DRONE KILL OF U.S. CITIZEN...
'YOU'RE NOT BETTER OFF'...
Claims 'underdog' status for 2012...
POLL: Majority expect him to lose...
Cantor: Obama's Jobs Bill Dead; His 'All-Or-Nothing
Approach' Is Unacceptable...
Mosque Set on Fire in Israel...
REUTERS: Christie faces White House decision this
week...
[ To be president
of the now disunited states like no time since the civil war, one really must
want to be president. Governing new jersey is probably the easiest political
position in the world inasmuch as the same is totally controlled. New york is a
close second to jersey in those terms, complicated only by the arrival,
politically like never before, of the wall street frauds (the fraudulent
goldman era, beginning more serious than ever politicking with rubin, paulson,
etc., probably owing to their far larger frauds for which they needed
‘protection’ in the form of ‘political muscle’ – which they got.). The gangs of
jersey, new york have a history that’s endured in terms of impact longer than
the political parties themselves; proximity to and control of the local vote
multiplied many times by the controlled localities ‘they serve’. In jersey, you
can’t get elected without the mob; in some areas the mob controlling both
parties. [ brendan byrne, who brought the final take-over / scourge / quid pro
quo, viz., the casinos, james florio, mario cuomo (progeny andy cuomo), etc.,
had publically known mob ties. Less conspicuous would be the likes of old money
play-along tom kean, whose desperation to breathe life into the moribund
political career of his son is evident to all; including his cover-up report on
the 911 incident which was probably the worst of its kind since that other
non-jurist, politician / former governor of California warren report / cover-up
of the coup d’etat / JFK assassination. Just who are these so-called
‘conservatives’ holding back funding while urging jersey christie’s run ‘for
the gold’. No … I couldn’t care less about his girth, the goodyear blimp /
humpty dumpty jokes, etc.. Yet, one has to wonder why a prior decision, given
even further consideration upon God knows who’s self-interested prompting, is
suddenly firm today yet malleable tomorrow. Forbes, (and hannity I suspect), of
jersey himself (themselves) seems close to this yet one still must wonder ‘what
the deal is’. More importantly, for jersey (n.y.) candidates, ‘with whom’. That
wobama, as a black man realistically / potentially viewed as the ultimate
outsider, would make promises that got him elected, yet renege on nearly all of
same is a testament to how totally controlled these gutless politicians are and
proving how such lack of courage spells not only their own unequivocal failure
(wobama as bush failure 3, et als), but certainly for that of the nation as
well ( Cases against Wall Street lag despite Holder’s vows to target
financial fraud WP | Obama has promised to hold Wall
Street accountable for the meltdown.’THE
OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
). Quite simply, there is really no good reason why a jersey politician
should change his mind about something that should be at one with the person
himself. After all, we all must at least assume jersey governor Christie is a
man of reason who previously made an unequivocal, publically announced, widely
covered decision for what must be assumed a good reason. ]
FORBES: CHRISTIE DECISION WITHIN 72 HOURS...
CLASH ON
BROOKLYN BRIDGE...
More than
700 arrested in 'Wall St' protest...
Dozens
cuffed in Boston after targeting BANK OF AMERICA...
Protests
spread across USA...
Los
Angeles...
Chicago...
Denver...
Seattle...
Greece to Miss Deficit Targets
Despite Austerity...
'Leaders are
pushing the world into Depression'...
Al
Sharpton's office admits handing out possibly bogus stimulus check forms...
Iran Supreme
Leader: Palestinian UN statehood bid doomed to fail...
Hamas: 'Resistance'
against Israel is only option left...
STOCKS SUCK...
Wall St.
ends rotten quarter in sour mood...
Dow Notches
12% Drop...
No Rise in Home Prices 'until
2020'...
Feds:
SOLYNDRA Won't Reveal Contracts, Customers or Exec Bonuseslt (typical american
boondoggle) ...
DOE pushing ahead with $5b more in solar
loans (another american boondoggle) ...
Strikes
hamper Greek rescue effort...
Sarkozy,
Merkel to Meet...
$200K Per Job?
Geithner Says White House Plan Still Bargain … [ Riiiiight! .. In what
alternate reality beyond political desperation mode? ] ...
GERMANY
SLAMS 'STUPID' US PLAN FOR EURO...
CHAOS:
THOUSANDS LINE UP IN PHILLY FOR FOOD STAMPS...
Protester
calls Obama 'Anti-Christ'...
Fundraising
plunges...
'Titanic
struggle' for re-election...{ Axelrod:
Obama faces 'titanic struggle' [ Yes indeed! A titanic struggle for
control of the Titanic, the USS Titanic, sinking from its own weight of pervasive corruption, defacto
bankruptcy, and fatal, immutable structural flaws! ] }
CA CITY HAS
32.4% UNEMPLOYMENT RATE!
POLL: Paul beats Obama
51-49...
COPS: Mob of
girls charge house after high school fight; 2-year-old girl shot...
DEM GOV.
CALLS FOR 'SUSPENDING ELECTIONS' … [ the wobamanoid plan … for even greater
nation-breakin’ disaster! ]...
Former Obama
budget director: 'We need less democracy' to 'counter gridlock' [ How
desperate, these wobamanoids… How pathetic! ] ...
Split over Greek bail-out terms...
NOW IMF
NEEDS BAILOUT!
PUTIN FOR
LIFE...
Police in
Moscow raid bank of political opponent...
Finance
chief rebels...
Merkel:
Greek default would destroy faith in Europe...
French left
seizes Senate majority, hurts Sarkozy...
Plan B:
Flood markets...
S&P:
Larger Fund Could Weigh on Ratings...
SIX WEEKS TO
SAVE THE EURO...
IMF to
increase resources to more than $1 trillion...
Wall Street
protesters pepper-sprayed, cuffed...
90
arrested...
VIDEO: Wild scene...
Catalonia's
last bullfight … [How wise, and nothing less than what one would expect from the
place that has given rise to among the greatest artists in the history of this
world.] ...
PAYBACK [ Retaliation ]: S&P
Could Face Legal Action From SEC Over Ratings...
SUMMER SALE: Dow plunges 391
points...
Global
markets tumble 4%...
ZOELLICK:
'World in danger zone'...
SOROS: USA already in double-dip...
Abbas moves
for statehood...
'We shall
not recognize a Jewish state'...
NETANAYAHU
is a 'Theater of the absurd'...
Calls UN
'House Of Lies'...
CLASHES IN
WEST BANK...
LIVE...
Pakistan
warns US: 'You will lose an ally'...
SHUTDOWN:
Harry Reid kills bill to keep gov't running...
Postpones
disaster relief vote...
...for Dem party, fundraiser
at island retreat!
BLOW: Obama
fundraiser got $107m in federal tax credits for wind power...
Credit
stress 'reaches pre-LEHMAN danger levels'...
BAD BLOOD:
Bill Clinton: Netanyahu killed peace process...
GLOBAL
SYSTEM UNDER PRESSURE...
GALLUP: 55%
DISTRUST MEDIA...
Palestinians
Delay Call for Quick Vote...
State bid
'only alternative to violence'...
UN chief
urges Israel 'restraint'...
Obama
re-affirms desire for Palestinian state...
Venezuela,
Cuba defend Iran...
IMF warns on
global financial system...
MOODY'S
downgrades three US megabanks...
Man returns
with shotgun after TACO BELL worker forgets hot sauce...
IHOP Hires
Bouncer To Control The Rowdy...
Approval
Among Liberals Hits All-Time Low...
LIBS
VOW PRIMARY CHALLENGE AGAINST OBAMA
IMF WARNS:
INTO THE DANGER ZONE...
...warns of
USA 'lost decade'
USA building
secret drone bases in Africa, Arabian Peninsula...
Chavez:
Israel committing genocide...
Iran: Israel
killing our nuclear scientists...
Palestinian
move hits Dem vote base; Republicans woo Jewish electorate...
Israel
Floats 'Interim Solution' To Palestinian Statehood Debate … [ Half measures
will not do! Too much time, resources have been wasted! Time for the ‘final
solution’… the choices: peaceful or non-peaceful; rational or irrational;
reasonable or unreasonable! There has been nothing to have changed the
reasonable expectations created by secretary of state clinton herself in
espousing this administration’s unequivocal position espousing Palestinian
statehood! ] ...
REPORT: SOLYNDRA
execs to plead Fifth...
HOUSE TO PROBE
OBAMA ACTIONS ON GOV'T LOAN...
Second witness
says White House tried to steer testimony...
Air Force
general claims he was pressured...
WIRELESS:
Obama invested in Falcone-funded Co....
FLASHBACK:
'I thought about going to Warren Buffett, and I decided it would be
embarrassing I only had $100,000'...
CHICAGO
TRIBUNE: Why Obama should withdraw from 2012 race...
Black Caucus
chairman: If Obama wasn't president, we would be 'marching on the White House'…
[ Which means typically, reasonably as
suspected, the black caucus is racist and without any credibility whatsoever;
particularly in their support of wobama, ‘the last negro’ … What an insecure,
jive-talking, stereotypical dismal failure wobama’s turned out to be … he’s
totally pathetic … he’s proven to be just another of his type who’s gotten by
on b***s*** and ‘special understanding / consideration’ his entire life … yes, the last negroe! …
wobama’s basically re-running his last and now endless campaign expecting all
to believe him this time around … this last negroe! ] ...
OBAMA'S JOBS
BILL WON'T BE READY UNTIL NEXT MONTH, AFTER ANOTHER VACATION...
$3 in tax
hikes for every $1 in spending cuts...
NEW BOOK
TELLS OF DISCORD IN OBAMA ECONOMIC TEAM...
Women
'excluded and ignored'...
REPORT: Rahm
threatened to burn down house of statehouse foe...
Protesters
hit Wall Street...
'US Day of
Rage'...
Cops Lockdown Wall Street From
Day of Rage Protesters
$1,500,000,000,000
IN NEW TAXES
GREEK
BLEAK...
WREAK...
RETIREE
BENEFITS FOR THE MILITARY COULD FACE CUTS...
Fed Expected to Launch New Program
as Europe Boils...
Europe digs
ever deeper debt hole...
Palestinians
demand statehood...
Holy Land
clerics bless...
Jewish
groups worried by Vatican gesture...
Obama faces
awkward dilemma...
NYC security
on alert for UN assembly...
Emergency
meetings to avert Palestinian crisis...
TURKEY
PROPOSES PARTNERSHIP WITH EGYPT...
VETO
THAT COULD CHANGE THE WORLD...
Palestinian
leader ignores US warnings on UN statehood...
Israel ups
West Bank forces...
Anti-Israel
subway signs in NYC spark religious war of words...
Geithner
warns EU of 'catastrophic risk'...
Europe
bristles at lecture...
US could be
on hook for bailout… [ Come on! Let’s get real here! Pervasively corrupt,
defacto bankrupt america can’t even bail itself out! ] ...
Eurozone
possible nightmare scenarios...
NEW 'WAVE OF
FORECLOSURES'...
BIG JUMP IN JOBLESS CLAIMS...
INFLATION
RISES...
SOLYNDRA
among 5 stimulus firms to go under...
Intimidation
/ Bullying: israel warns of 'harsh' consequences of Palestinian UN bid...
Wobama:
‘GIVE ME A WIN, GIVE ME A BREAK, LOVE ME!'
Cherokee
Indians say they can kick blacks out of tribe… [ This should go without saying;
after all, while blacks may be u.s. citizens, they’re certainly not Cherokees …
let’s get real here – let the u.s. government retroactively honor their many
treaty obligations / violations to the
native inhabitants of this land from whom such lands were stolen! ] ...
Geithner:
Economy In 'An Early Stage' Of Crisis...
'Hoping for
sometime' to get fired...
Dem Rep: Americans don't deserve to
keep all of their money...
MOODY'S
downgrades 2 French banks...
International
alarm over euro zone crisis grows...
Europe's
banks staring into abyss...
PLO:
Palestinian state to be Jew-free [ Sounds like a Plan … for peace, peace of
mind, and prosperity! ] ...
BILLIONS AND BILLIONS: GE to Buy
Back Shares From Buffett...
Rumsfeld
cancels NYT subscrip over Truthful Krugman piece...
100
protesters burn American flag outside U.S. embassy in London...
Israel
facing 'diplomatic tsunami' with Arab neighbors...
Crisis
threatens Mideast ties...
US pleas
ignored as mob attacked...
Warning of
'orderly default' on Greek debt...
KRUGMAN:
Bush, Giuliani 'fake heroes' who cashed in 'on horror'...
BUSH
[ Yeah! bush indeed knows all about this because he is evil and lacks courage!
]: 'One of the lessons of 9-11 is that evil is real, and so is courage'...
$447B JOBS
BILL: $421B FROM TAXPAYERS...
BILL SHIFTS INCOME CUTOFF DOWN TO
$200,000...
JUST $40B
COMES FROM OIL, GAS TAXES...
TAB FOR CORP
JET OWNERS: $3 BILLION...
Obama to
Tout Jobs Act at Donor's Company...
ITALY TURNS
TO CHINA FOR BAILOUT
Jordan
Abdullah: Israel situation more difficult than ever... [ Op-ed: israel doesn’t really want peace http://www.ynetnews.com/articles/0,7340,L-4118832,00.html ]
Russia
supports Palestinian statehood...
U.S. BOOTS
ON THE GROUND IN LIBYA...
NOONAN:
We'll Never Get Over It...
NYPD
launches Its Own Navy, 1,000-Man Army, Tanks...
'Dirty Bomb'
Fears...
NBCNEWS
TWITTER account hacked, published fake terror alert...
Egyptian
protesters pull down Israel embassy wall … [ Congratulations! Well Done! ] ...
STOCKS
SLAMMED...
Obama jobs
package fails to lift spirits...
Global slide...
Berlusconi
says has 'no power' as Italy crisis bites...
Greek PM to
give speech amid hostility...
World Enters 'Dangerous New
Phase'...
'Collectively suffering a crisis of
confidence'...
FBI raids
Obama-backed solar company...
SOLYDRA reps
made 20 trips to WH before $500M award...
Fed court
tosses out 2 challenges to Obamacare...
Panel of 3
dem-appointed judges, including 2 appointed by Obama...
Afghan
journalist killed by US soldier...
ANOTHER $300
BILLION...
'It might
not create a single job'...
Makes
'whopper' claim about middle class tax cut...
CARNEY:
'I'm going to shuck and jive'...
TV stations
pick football over another Obama jobs speech… [ Indeed they should .. wobama’s total
b***s***! ] ...
ACLU to sue
over welfare drug testing… [ No constitutional issue here .. Reason? Welfare
isn’t a right! Moreover, such a law deters those who would fail such a test from
applying which therefore understates the prevalence of the abuse in these
difficult fiscal / economic / budgetary times
]...
California
Employment Level Sinks to Record Low ...
Iceland says
it was 'bullied' over bank debt...
46
People Shot In NYC Over Holiday Weekend...
Gunfire
erupts near Bloomberg in Brooklyn...
7 Killed in
Chicagoland...
40% of
Europeans 'suffer mental illness'...
Gunman
unloads inside IHOP...
9 shot, 3
killed...
2 dead were
National Guardsmen in uniform...
NO REAGAN,
NO CLINTON...
Another
all-time low...
US on wrong
track say 75% -- of Californians!
Redford
disappointed: 'I'm beginning to wonder just where the man stands' … [ I believe
Robert Redford would be a very good and potentially great President! (nothing
to do with his position on the environment) ] ...
Stocks Lose for Week as Recession
Fears Grow...
Roubini: We Are in 'Worse Situation'
Than '08...
More and
more Americans call long-stay motels home...
USA: $10
TRILLION IN DEBT…[ Far more than that is the reality ]...
Gov't
Battles Copper Thieves...
Miami
Proposes 'Task Force' To Combat Thefts...
FAKE CITY
WORKER ARRESTED STEALING IRON GRATES...
Power lines
in Indiana stripped....
China state
paper urges Internet rethink to gag foes...
Obama Calls
for Extension of Gas Tax...
Hits
all-time low approval among women...
SUMMER BUMMER: Stocks Log Worst
August in 10 Years...
Solar
company touted by Obama closing -- despite $535 million from feds...
1,100 'green
jobs' gone...
POVERTY IN
PARADISE: Joblessness in some parts of Vegas exceeds 20%...
RANGE DAYS:
3D head-mount like 'sitting in theater'...
August
deadliest month for USA in Afghanistan… [ 66 u.s. soldiers killed ]...
FINAL
'FINAL' BATTLE IN LIBYA...
REBELS GIVE
GADDAFI UNTIL SATURDAY TO SURRENDER...
ISRAEL MOVES
SHIPS; IRAN MOVES SHIPS
Russia,
China wisely, rationally resist U.N. Syria sanctions push...
Ron Paul:
Mobs In Europe A Sign Of Things Coming (already here)...
Euro bailout
in doubt as 'hysteria' hits Germany... ‘German Chancellor Angela Merkel no longer has enough
coalition votes in the Bundestag to secure backing for Europe's revamped rescue
machinery, threatening a consitutional crisis in Germany and a fresh eruption
of the euro debt saga…’
GALLUP:
OBAMA DISAPPROVE HITS ALL-TIME HIGH...
NY economy
takes huge hit...
ALARM:
CHRISTIE SAYS DAMAGES IN BILLIONS, 'IF NOT IN TENS OF BILLIONS'...
Mental
illness rise linked to 'climate change'...
Teen girl
paralyzed, 10 others wounded at 'Drama Free' party... ‘A Queens party advertised on Facebook
and Twitter as "Drama Free" turned into a
shooting gallery early Saturday. Eleven young people were shot, including a
teenage girl left paralyzed, when a gunman opened fire into the crowd. About
100 people were packed into the backyard of the single-family home on Inwood
St. in South Jamaica shortly before 1 a.m., when the shooter
sneaked up a back alleyway and opened fire into the yard through a chain link
fence…’ Read more: http://www.nydailynews.com/news/ny_crime/2011/08/28/2011-08-28_11_shot_at_drama_free_qns_party.html#ixzz1WOiqvmx3
China jails
Tibetan monk for 11 years...
Gaddafi
'seen in Zimbabwe on Mugabe's private jet'...
BUFFETT BUYS BILLIONS IN BANK...
EARNS $280M
-- IN A DAY!
Obama called
Oracle of Omaha before big buy...
Buffett to
Host Fundraiser...
Fukushima
radiation leaks 'equal 168 Hiroshimas'...
New home sales on pace for worst year in history...
NATIONAL DEBT RISES BY $3 MILLION EACH MINUTE...
Obama sets record: $4,247,000,000,000 debt in just 945
days...
STEVE JOBS: iRESIGN
LETTER... [ More than just a ‘Silicon Valley
legend’, Steve Jobs literally saved Apple from extinction … I’m truly glad he
saved Apple, my first computer (1986 - apple IIc for word processing / data
based records / forms / templates / data which I interfaced with an electric
typewriter for letter quality) and for that all should be thankful. Apple is
the Nasdaq (40% weighting) and quite more, that now was! ]
YORK: Spending, not entitlements, created huge
deficit...
$500,000 federal stimulus grant created 1.72 jobs...
GE cutting more jobs...
FLASHBACK: Moving X-ray business to china...
Strong East
Coast quake highly unusual...
DETAILS...
Felt from
Toronto to Atlanta...
Epicenter VA...
Felt In
Chicago...
Airports Close...
CELLPHONES
OUT...
Nuke Plant
Shuts Down...
VIDEO:
Vacant White House Shakes...
VIDEO: Obama
Takes Quake Call on Links...
Stones fall off National
Cathedral...
WASHINGTON
MONUMENT 'TILTING'?...
HOMELAND
SECURITY'S QUAKE ADVICE: DON'T CALL...
5.8
MAG QUAKE ROCKS DC-NYC
SEE YOU IN
SEPTEMBER...
Buchanan: The
view from Martha's Vineyard... ‘As he and his daughters bicycle around the summer
playground of the Northeastern elite, Martha's Vineyard, President Obama is
steadily bleeding away both the support of the nation and that of his most
loyal constituency. Several times, his approval rating in Gallup's daily
tracking poll has sunk to 39 percent, with disapproval reaching 54 percent.
Support for his handling of the economy
has dipped to the mid-20s. Only 11 percent of Americans, says Gallup, are
satisfied with the way things are going. Unemployment
remains at 9 percent, as it has for two years. The Dow has lately lost 2,000
points, or $3 trillion in wealth wiped out. All that money the Fed pumped out
is now being reflected not only in the price of gold, silver and Swiss francs,
but in rising consumer prices – inflation. One in five U.S. children is living
in poverty…’
SANTORUM: 'maxine waters is vile' [
she’s worse than that, and a total embarassment for america and california
particularly! ] ...
Maxine
Waters: 'The tea party can go straight to hell'...
Tea Party
fires back...
MORGAN
FREEMAN TELLS OBAMA TO 'GET PISSED OFF' [ sounds like a plan … nigger to nigger
… the nigger plan! ] ...
Philadelphia
extends curfew after flash mobs [ new u.s. Christmas carol – ‘america’s
beginning to look a lot like sub-saharan africa, everywhere you go’ . They are
beasts of burden at most who are a burden to most at best … you’ll never change the nigger who evolved
only to a point! Think about all those ‘make-work’ jobs for niggers that serve
no real economic purpose; ie., federal, state, local, uspostal service, etc..
And, they can’t even do those jobs reliably, efficiently. Niggers are a drag on
civilized society! ] ...
Black congresswoman blames
black unemployment on 'racism' (riiiiight! The race card … how ‘bout reality)
...
'The real enemy is
the Tea Party'...
6 shot at youth
b'ball game (black violence in ‘the city that loves brothers’ – Philly)...
'REGIME
COMING TO END'
Unit
protecting Gadhafi surrenders...
Libyan
Rebels 'Capture Son'...
'End of
regime in 10 days'...
'1,300 dead'
in attack on Tripoli...
NATO racing
to wrap up...
UPDATES...
AL JAZEERA LIVE...
NEXT:
Syria warns against military intervention...
REVEALED:
Wall St Aristocracy Got $1.2 Trillion in Fed's SECRET Loans...
OBUMMER
SUMMER: DOW DOWN ANOTHER 400
JOBLESS
CLAIMS UP...
Inflation rising fast...
Treasury
Yields Fall to Record Lows...
What went
wrong with global recovery?
Police
scramble to fight flash-mob mayhem...
TROOPS IN
AFGHANISTAN 'UNTIL 2024'...
GM says
bankruptcy excuses it from repairs...
GOV'T MOTORS stock hits new low...
Dollar Sets
New Record Low Against Yen...
Putin Calls
USA 'Parasite'...
israeli raid
strains ties between Egypt and israel...
Ridley Scott
to direct new version of 'BLADE RUNNER'...
NASA REPORT:
Aliens may destroy humanity to protect other civilizations … [ Naah! Really
don’t have to .. confined to this solar system, by hand of God or man, we’re only
talking decades at most ] ...
APPROVE:
(now 39%) 42%
Return of
Mass Layoffs a Grim Sign...
MOODY'S Cuts
U.S. Growth Outlook...
WALMART
warns on US economy weakness...
BELOW 40%
WORST WEAK
Putin sets
sights on Eurasian economic union...
Gorbachev: I
should have abandoned Communist party earlier...
'MAGICAL
MISERY BUS TOUR'...
'Greyhound
One'...
Armored
Buses Cost $2.2 Million...
BLACK
CAUCUS ON OBAMA: 'WE'RE GETTING TIRED' [ Not as tired of wobama’s
b***s*** / excuses as the ‘White Caucus’ and any other Caucus – but, don’t be
taken in by their b***s***; they’ll ‘back the black’ every time,
regardless! ]
New
low of 26% approve of Obama on economy...
Inflation
builds...
FOOD PRICES
RISING...
UNEMPLOYMENT
UP...
OBAMA TO LAY
OUT JOBS PLAN -- AFTER VACATION...
'Takes More
Vacations Than Any Human Being I've Ever Seen'...
Commiserates
with jobless, then off to the Vineyard...
Roaming Pack
of Thugs Attacks 64-Year-Old Man, Steals His Bible [ Yes, you guessed it! The
thugs … they’re niggers! ] ...
Obama: I
Reversed Recession Until 'Bad Luck' Hit...
OBAMA'S GREEN
PET GOES BANKRUPT...
Got stimulus
cash, promised 800 jobs...
Kansas City
mulls curfew after racial attacks...
Mayor gets
shoved to ground when gunfire erupts...
VIDEO...
Flash mob robs DC-area 7-ELEVEN...
Boy Stabs
Girl At Philly Mayor ANTI-VIOLENCE Event...
Detroit
Police No Longer Responding To Automated Burglar Alarm Calls...
AP: Ron Paul
no longer 'fringe'...
'Shafted' by
media...
RON PAUL
WEEKEND WINNER IN AMES?
TEEN UNEMPLOYMENT HITS 50% IN DC
CONSUMER
CONFIDENCE CRASHES...
Lowest since
Jimmy Carter...
APPEALS
COURT: OBAMACARE UNCONSTITUTIONAL...
Dem Judge
Rules Against Obama's Signature Achievement...
'Unbounded
assertion of congressional authority'...
Emergency
Decree: Italy Approves Tough Austerity Measures... Developing...
RIOTS BREAK OUT AROUND GLOBE AMID
ECONOMIC ANXIETY
Dollar
Tumbles on Fed Pledge; Swiss Franc Soars Most Since 1971...
Merkel faces
revolt over eurozone deal...
Philadelphia
Implements Strict Curfew To Combat Violent Mobs...
MAYOR TO
BLACK YOUTH: 'You have damaged your own race'...
OBAMA APPROVE
HITS NEW LOWS...
'There is
something wrong with our politics'[ Yeah! You, among many others! All those
false campaign promises, etc.! ] ...
6 YEAR OLDS
CAUGHT WORKING ON FARMS...
Thirty-year
Treasury yields rise most since 1980s...
CHICAGOLAND:
State can no longer afford to bury dead poor...
Feds Called
In To Curb 'Wild West' Violence In E. St. Louis...
REPORTS:
Olympics ambassador is London rioter!
5
more US troops killed in Afghanistan...
SAVE THE
EURO: Sarkozy, Merkel in emergency meeting...
HYPERSONIC
PLANE LOST (What was the cost?) ...
REPORT:
ENTIRE US STEALTH FLEET GROUNDED...
OBAMA
CONSIDERS BECOMING NATIONAL LANDLORD...
Still going
on vaca...
Approval:
40%...
Highest
approval among Muslims...
WRONG TRACK:
73%...
Obama Marks
Ramadan with Iftar dinner...
BANK STOCKS
PLUNGE...
MOODY's
warns states, local govts...
Treasury
sells 10-year notes at record low rate...
SONY
'CLASSIFIED' BIN LADEN MOVIE;
WHITE HOUSE
REJECTS FAVORS CLAIM
UK locks
down as nights of unrest spread...
Manchester riots on scale not seen in 30 years...
Rioters rob
people on street, force them to strip naked...
DOW -634...
CURSED:
S&P falls 6.66%
IT TANKED AS
HE TALKED...
BARACKALYPSE NOW
CHINA: Dollar to Be 'Discarded' by
World...
Lectures How 'Good Old Days' of
Borrowing Have Ended...
NOW BUFFETT
DOWNGRADED!
Tel Aviv
stocks fall 7% after USA debt downgrade...
Nikkei drops
2%...
Wall St
braces...
European
leaders scramble to calm investors...
S&P: 1
in 3 chance USA will fall ANOTHER notch!
Recession
without shock absorbers...
Gold soars
above $1,700...
PRE-MARKETS...
DEVELOPING...
BLOODY
WEEKEND
USA
DOWNGRADED: FIRST CREDIT RATING CUT IN NATION'S HISTORY...
DETAILS
[.PDF FILE]...
DEMOCRATS
CALL FOR HIGHER TAXES...
CHINA: 'Good
old days' of borrowing are over...
LONDON BURNS...
...the
underclass lashes out
Violence
continues...
Rioting
spreads beyond capital...
DAY 3...
Riot Hits
London After Police Shooting...
...shops
looted
RAMPAGE...
Fears of
more...
DOWNGRADED!
DETAILS
[.PDF FILE]
FLASHBACK:
'No risk' USA will lose its top credit rating, says Treasury's Geithner … [
Well, we all know the powers of foresight possessed by ‘no-recession-helicopter
ben’ and tiny tim geithner ] ...
FOOD STAMPS:
Record 45.8 million dependent...
One in seven
Americans...
Postal
Service warns it could default…[ No surprise here .. the usps is totally
unreliable! ] ...
Post
Office proposes cutting 120,000 jobs, pulling out of healthcare plan …[ Let UPS
take over the usps! ]...
Controversy
over White House 'Hip-Hop BBQ'...
'Mob' beatings at WI state
fair...
'Hundreds of
young black people beating white people'... [ Typical n*****s! Good thing there are food stamps;
otherwise they’d be reverting to their inherent proclivity for canabalism (send
them back to africa … even give them a lump sum for an irrevocable repatriation
incentive … a huge cost-saving beyond the first year with substantial salutary
effects for the nation, the economy, and the remaining civilized non-blacks).
The other major crimes they do anyway. It’s their nature. You’ll never change
the nigger … they evolved only to ‘a point’ and no further. ]
Fairgoers 'pulled out of
cars'...
'They were
just going after white people'...
Heightened
security...
[ I refrained from using the ‘n word’ (or even blacks
/ negroes) in referring to the culprits in the following two incidents (those
tender sensibilities) but I’m sure you’ve guessed that they were niggers and I
include same here in light of the foregoing incident (and yes, the victims were
white), which is typical. ‘.. while walking through Military Park (a sliver of
a “park” - more a pedestrian thoroughfare/cement walks) in newark, new jersey
on the way to the bank during lunch hour, I heard the clearly audible
screams/cries of what turned out to be an old lady on the ground with blood
streaming from her mouth. I ran toward the sound of the cries, the source of
which I could not see because there were so many people in and about this
thoroughfare so as to block any vision of the source of the cries. When I came
to the woman, on the ground, blood streaming from her mouth, I asked what
happened, to which she responded she had been hit in the mouth and knocked to
the ground, her purse stolen/put inside her shopping bag, and she pointed out
the criminal casually now walking across the main street. Nobody stopped to
help her, many having passed her by. I slammed the thug to the ground so hard
that, in light of all the blood and confusion (limbic system / adrenalin flow)
I thought I had been stabbed (the blood was from his elbows hitting the
pavement so hard - no one helped / a crowd gathered / an undercover cop
happened along). When I testified at the Grand Jury Proceeding I made sure his
threat on my life was set forth in prima facie fashion so as to maximize the
DA’s position with both felonies ( he went to prison – pled out ). The other
case I wrote about here ( This was included on my website in the Psychology
forum discussion of ‘bystander effect’ / diffusion of responsibility. ) -
Having had occasion to have run down a mugger in newark, n.j. who apparently
had followed a girl from the bank on her way to the bursar to pay tuition,
though in pretty good shape, I was astounded by how totally exhausting such a
pursuit was, how much like rubber my arms were when I traded punches with the
perpetrator, and truth be told, if I had a flashlight on my belt, I have little
doubt that I would have probably used it to subdue the perp (a police officer
here in California was the object of intense criticism for having used a
flashlight to subdue a criminal / nigger
after a long chase so I included that here) . The girl was not that seriously
injured, did get her pocketbook and tuition back, and the criminal / nigger
went to jail (where they belong). The other thing about such a pursuit that
amazed me was that no one else assisted the girl or me despite being in a
position to do so. I was also mugged by 4 niggers and 2 hispanics in an
incident here in Los Angeles, CA. But, to be fair and balanced, the RICO
litigation involves those uncivilized who consider themselves ‘whites’ http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf
(predominantly but not exclusively jews / romans-italians / mobsters /
government slugs). ]
DOW PLUMMETS 512...
OBAMA HAS
BBQ COOKOUT...
GAINS FOR
YEAR GONE...
'CORRECTION'...
PANIC RIPS
THROUGH GLOBAL MARKETS...
Intervention
fails to quell nerves...
'NOT SINCE
JIMMY CARTER'...
Military
money on chopping block...
Grim
economic news clouds Obama 50th...
Two-year
Treasury yield drops to record low...
RACE TO
CASH: Bank imposes fee on rapidly growing deposits...
DEM RUNS
FROM OBAMA...
Leaders
Issue Warning on Joblessness...
Woman dies
from heat after AC stolen...
San Fran
tourist mugged of money, clump of hair...
RENTER
STEALS AC, SELLS FOR GAS MONEY...
HUMAN HAIR
TRADE SURGES...
Bronze Dog
Statue Stolen From Humane Society...
Thieves
steal school's bleachers!
Mom Arrested
For Robbing Girl At Gunpoint -- For Bike...
10-Year-Old
Boys Held Up For Sneakers At Summer Camp...
MOODY'S:
'NEGATIVE'
Massive rout
spells trouble for Wall St...
Europe on Brink of 'Major Financial
Collapse'...
DOW PULLS
OFF A WIN! [ Based as usual on b***s*** alone! ]
Scary Chart Pattern Suggests More Selling
on Way...
Economy
struggles to find footing...
Obama,
Bernanke out of ammo to boost jobs, growth...
Gold at
$2,000 by year-end...
MORNING AFTER: BORROWING TOPS 100% OF GDP
European
leaders feel the strain...
Berlusconi
fails to stem rising panic...
'The coming
crises of governments'...
Silent bank
run hits Greece...
...exodus
Italy under
fire...
Pain in
Spain...
Woes Get
Messier...
DEBT DEAL BACKLASH:
LIMBAUGH: A
Total Waste of Time and Effort...
SAVAGE:
America has been 'hoodwinked'...
DAILY SHOW:
Where are the Tax INCREASES?
FT: Obama's
image takes beating...
Ron Paul Sounds
Alarm on 'Disturbing' Super Congress...
DER SPIEGEL:
'Civil War Atmosphere' in Washington...
Dollar falls
to all-time low against Swiss franc...
PUTIN: USA 'parasite' on global economy... [Unfortunately, this is very true. More unfortunately is the fact that most worldwide don’t realize that fact! I mean, think about it: pervasively corrupt, defacto bankrupt america’s cancerous perma wars, over-printed debased ‘Weimar’ paper ‘reserve’ currency, huge frauds in securities and otherwise, etc.. ]
House
approves debt deal -- day before deadline!
Borrowing to
surge after cap raised...
May not save
AAA rating...
BIDEN
[‘Lobotomy Joe’]CALLS TEA PARTY 'TERRORISTS'[ Riiiiight, ‘Lobotomy
Joe’; anything you say joe, now calm down… ]
Manufacturing
drops to lowest level in two years...
'Double Dip
Here'...
RI Town
Files for Bankruptcy...
Dog
Airlifted Out of National Forest After Growing Too Tired to Finish Hike...
[ Just another dog day afternoon in pervasively corrupt, defacto bankrupt
america. ]
SURVEY:
Internet Explorer users have lower IQs...
Obama
Threatens Another Veto...
Just hours
after urging compromise...
Carney
Admits Obama Has No Plan...
BALL IN YOUR COURT, HARRY[, aka Mr. Milktoast, aka Majority Leader of Harry’s Wh*r* House]!
SWEAT
CEILING: House approves debt bill...
NO! 22
REPUBLICANS BUCKED BOEHNER...
DC racing
against clock...
HARRY
BELAFONTE: Obama 'has failed'...
NOONAN: 'HE IS A LOSER'...
GALLUP: 40%
APPROVAL...
Obama takes
debt battle to TWITTER, loses more than 33,000 followers...
NYT reporter
advises WH staff?
Illegal
Aliens Head South to Mexico in Search of 'American Dream'...
4.9%
unemployment in Mexico vs. 9.4% in US...
Black Middle
Class Eroding As Unemployment Rate Soars...
CHAOS...
CLOCK
TICKING... NO PANIC...
THE VOTE:
'TEA PARTY' IN CHARGE!
Boehner
Delays Vote on Debt...
Limbaugh:
We've Been Played...
GALLUP:
Obama Rates Higher Than Boehner, Reid on Debt Situation!
Ron Paul:
'Default Is Coming'...
Treasury
Contingency Plan on Debt Gives Priority to Bondholders...
Carney: If We Have No Other
Alternative We Will 'Take Action'...
Obama faces
legal bind if time runs out...
PELOSI:
'We're Trying to Save Life on Planet as We Know it'… [ Riiiiight! Keep feeding
those perma wars despite bankruptcy of this nation … Is life as she knows it on
this planet really death? … Why does ‘doo,doo,doo,doo’ to the tune of Twilight
Zone Theme come to mind when hearing her total b***s***?…Oh, riiiiight! She’s
caught wobamanoid fever ] ...
6 days from
'default', both sides scrambling...
FURY OVER
STALEMATE BOILS OVER...
House
Dem leader urges Obama to raise debt ceiling without
Congressional approval...
SHOCK POLL:
46% Think Most in Congress Corrupt...
WASHPOST/ABC:
Blacks, liberals flee in droves...
SANDERS:
Obama should face primary challenger...
The Immelt
Way: WH Advisor on Jobs Moving GE X-Ray Business to China...
OBAMA
SECRETLY SIGNALS BANKS: 'NO DEFAULT'...
WH to
FOXNEWS: 'Tell your viewers there's nothing to worry about'...
BORGER:
'Nobody today is talking about tax increases -- except Barack Obama'...
TWT:
Liberals hijacking Reagan to raise taxes...
PANIC: WH'S
PFEIFFER SAYS DEFAULT COULD LEAD TO 'DEPRESSION'...
CA seeks
bridge loan to pay bills...
Guv OKs
financial aid for illegal aliens...
Brazilian
currency at highest level since '99...
USA Can
Avoid Default 'at Least Until September'...
Obama still
pushing for tax hikes...
Endorses New
Plan with 'Sham' Savings...
'Cuts'
include money not spent in Afghanistan over next 10 years...
BOEHNER:
Plan 'full of gimmicks'...
'DOING THINGS
ON MY OWN VERY TEMPTING' [Why would anyone believe or follow
anything ‘wobama the b’ (for b***s***) says when his actions belying his words
have led to this disaster? Hasn’t he ‘done things on his own’ and contrary to
campaign promises leading to this debacle? Indeed, he cannot be trusted! ]
Widest
wealth gap between whites, minorities on record … [and they’re thanking ‘wobama
the b’ (for b***s***)] ...
DEPENDANT
STATES OF AMERICA: Geithner Warns: 'We Write 80 Million Checks a Month'...
BOEHNER
TO OBAMA: 'CONGRESS WRITES THE LAWS, YOU DECIDE WHAT YOU WANT TO SIGN'...
...President
'worried about his next election'
...Putin
considering Kremlin return
Pelosi
splits, heads to fundraiser...
CNN: OBAMA
LOSING LIBERALS...
Farm thieves
target grapes, avocados -- even bees...
Thieves
target ambulances...
Thieves
Steal 100 Storm Drain Covers In Sacramento...
RASMUSSEN
SHOCK POLL: Obama 41% Ron Paul 37%...
DEBT DEAL
DEAD...
BOEHNER
WALKS...
Terrorism
shatters peace in home of Nobel prize...
NYT:
'Helpers of Global Jihad' claim...
Fake cop
opens fire at youth camp...
'Tall,
blond, of Nordic looks'...
REUTERS
UPDATE...
BBC LIVE...
Obama,
Boehner discuss new debt plan... Developing...
PRESSURE:
S&P renews warning...
SCORCH: HIGH
TEMPS TO LAST WEEKS...
Now covers 1
million sq miles...
NEW YORKERS
WARNED TO EXPECT ROLLING OUTAGES...
Rolling
Blackouts Begin In Detroit...
Fears mount
about 'Big Brother' database in Massachusetts...
Florida made $63M selling
names, addresses, dates of birth...
Latin
America Lectures US over Debt Crisis...
US talks get
'messy'...
Obama now
open to short-term deal...
Euro
meltdown: Sarkozy jets into Berlin for crisis talks with Merkel...
24 HOURS TO
'SAVE GREECE'...
Ron Paul:
'We Will Default, Debt Is Unsustainable'...
DEAL: SENATE
HUDDLES TO HIKE TAXES...
Obama
praises...
RESTATES
THREAT TO VETO SPENDING CUTS...
LIBS EYE
DEEP CUTS TO NATIONAL DEFENSE...
Cash-Strapped Connecticut Fire Sale, To Axe 365-Year-Old Ferry, Nation's Oldest...
OBAMA MAKES JOKE; NO ONE LAUGHS...
Gold Has
Longest Run of Gains Since 1980...
Gas prices
on the rise; top $4 in eight states...
Cash-Strapped SF To Shutter
Courtrooms; Lay Off 200 Court Workers (and yet another feinstein? From direct
experience with the superior courts of california, no loss here, and
eliminating them entirely not a bad idea in light of their costly corruption as
in the federal system! )...
DEM FLASHES
RACE CARD IN DEBT DEBATE...[ Oh come on! This jive-talking, failed
‘president’ has been indulged in every way imaginable and possible (all those
false campaign promises that got him elected, etc.). He may not have been the
first (
'Only THIS president
has received the kind attacks and disagreements'...
BOEHNER: HE
HAS NO
PLAN...
[ It’s true; ‘wobama the b’ (for b***s***) has no plan whatsoever. Ask Mr.
Teleprompter. ]
KRAUTHAMMER:
CALL THE BLUFF!
Feds Issue
Warning After 4 Mailboxes Lifted From Post Offices...
O'DRAMA...
'ENOUGH IS
ENOUGH'...
WALKS OUT OF
WHITE HOUSE MEETING...
'DON'T CALL
MY BLUFF'...
REID CALLS
CANTOR NAMES...
CAMP DAVID
SUMMIT?
BOEHNER: NO
NEED...
MCCONNELL:
GOP won't be 'tax collectors for Obama economy'...
Hometown
congressman tells Obama to 'quit lying'...
PELOSI:
'Almost too busy' to continue debt talks...
GEITHNER:
Out of time...
Cash-Strapped
NYC Fines Man $2,000 -- For Not Watering Beehive?
STUDY: Black
men survive longer in prison than out...
Man falls into Maui blow
hole, disappears...
PRESSURE:
MOODY'S PUTS USA ON DOWNGRADE WATCH
Boehner
Rails on Obama: 'Like dealing with Jell-O'...
WH Cracks
Down on Press: No Yelling at Obama Today...
President
'chafes' at unscripted questions...
BERNANKE
BARKS BACK AT PAUL...
Fed May Launch New Round of
Stimulus...
DOLLAR
TUMBLES...
Putin calls
Feds 'hooligans'...
Gold hits
new high...
DEBT TALKS
BREAK DOWN...
McConnell:
Deal Not Possible With Obama … [ I think this shoe fits wobama ...
African-American unemployment at 16% ... (But there’s rationality in this stat
as people avoid their disgustingly uncivilized noisy rap ‘boomboxes’. Then
there’s the attitude. I truly believe from direct experience that even when
their outright aggression, assaults on persons and the senses, and otherwise
obnoxious behavior is not apposite, the personality disorder ‘passive /
aggressive’ is applicable, however indirectly expressed.) ] ...
'Backup
plan'...
OBAMA
THREATENS TO HOLD UP SOCIAL SECURITY CHECKS
RUBIO: Every
Aspect of Life in America is Worse Since Obama Took Over...
GE Immelt
lectures biz owners: 'Stop complaining about government'...
FLASHBACK:
(GE )Company Paid NO TAXES Last Year...
OBAMA: LET'S
STAY IN IRAQ...
FLASHBACK:
'I intend to remove all U.S. troops from Iraq by the end of 2011'...
KARZAI'S
BROTHER ASSASSINATED IN KANDAHAR...
Gunned down
in home by bodyguard...
'Huge boost
for Taliban'...
Obama 'far
apart' from Republicans on debt deal...
Boehner:
Debt Deal Not Imminent...
TORMENT @
9.2%
State and
local governments bleeding jobs...
Top Obama
adviser says unemployment won't be key in '12 … (riiiiight!…talk about wishful
thinking and self-delusion)...
BUCHANAN: DC
Establishment 'in Panic'...
S&P
WARNS GREECE OF DEFAULT -- EVEN WITH BAILOUT!
'Impossible
knot'...
SANTELLI: 'The answer is
easy: Spend less!'
Italy's
borrowing costs soar...
Berlusconi
appeals for national unity and 'sacrifices'...
New Fears on
Italy Jolt Europe...
Soros:
Europeans now need 'plan B'...
Mob Of
Teenage Girls Attacks Minneapolis Mom, 4-Year-Old Daughter...
Air
Conditioner Thieves Hit 7 Churches In Texas...
THEY'RE
HERE! [ Uh! That ‘nausea’ factor; though not nearly of the magnitude
of america’s unctuous duo, ‘wobama the b’ (for b***s***) and michelle his belle
(see infra). After all, the cloyingly cutesy couple from across the pond is
hardly in a position to do damage as are the wobamas. Yet, one must ask: just
what exactly are they? Mascots? Non-emmissary emissaries? Indeed, in this
economy it’s quite embarrassing for members of the so-called commonwealth,
struggling economically and otherwise, england/uk being no exception (royals
wealth’ is ultimately the product of common expense) to be celebrating
celebrity for the sake of nothing more than celebrity. Worse is the pathetic
display here in the defacto bankrupt disunited states (uk not much better and
in many ways worse) relative to their former colonial masters. Then there was
that ostentatious marriage display so well publicized even as the uk’s (eu,
u.s. et als) ‘rank and file’ are sacrificing and the respective nation states
crumbling. Even so-called celebrities here shun such meaningless displays of
themselves and at least serve a cinematic (art form) purpose. Truth be told, I
bear them no ill will; but, I bear them no good will either. After all, quite
simply, they are but a meaningless, extravagantly costly welfare couple that
are simply irrelevant. How pathetic and embarrassing for their fans, followers,
onlookers and their liege. And, though I’m biased (I think Grace Kelly to have
been the most exquisite of creatures to have graced this earth – Alfred
Hitchcock with an eye for such things thought so too and said as much), clearly
Prince Albert of Monaco and his bride’s wedding was tastefully and not
cloyingly about right. Now that’s real royalty via Grace Kelly; with a purpose;
the management / leadership of a prime travel / gambling / entertainment /
resort destination; viz., Monaco. ]
BOEHNER:
Taxes 'off table'...
Debt
Talks Turn to Social Security Cuts...
CHARGE:
Bypassing Congress to raise debt would be 'impeachable'...
LONDON
BRIDGES FALLING DOWN:
Coulson
'to be arrested tomorrow'...
Gov't decision
on SKY takeover 'delayed'...
UPDATE:
China warns U.S. officials not to meet Dalai Lama...
CHICAGOLAND:
THIEVES STEAL ENTIRE A/C UNITS FROM HOUSES
UPDATE: Teen
Dead After Beach Brawl...
Wisc beating
victim: 'They just said "Oh, white girl bleeds a lot"'...
US Lawmakers
Accuse DOJ of Cover-up in Botched Gun-Running Op...
CA
Prison Shrink Paid $838,706 Last Year...
CA companies
flee state...
No recession
for 454 White House aides: They'll make $37,121,463 this year...
United
States of 'gloom'...
Iran
Ridicules: America is Not Independent...
SHOCK:
Father with HIV raped 6-month-old son...
MEDIA BLOWS IT, AGAIN...
NANCY GRACE
LEFT SPUTTERING: 'SOMEWHERE OUT THERE, THE DEVIL IS DANCING TONIGHT'...
Attorney:
Case Was 'Media Assassination'...
'Now you
have learned a lesson'...
CBS host
breaks down...
'TOT MOM'
CLEARED BY COURT...
JURY: NO MURDER!
Only guilty of lying to
cops...
Portugal's
Debt Downgraded to Junk...
CHINA: USA
'ALREADY DEFAULTING'...
DOLLAR TO
'LOSE RESERVE STATUS'
Economy Expected to Have Major Slide
in Months Ahead...
NEW IMF
CHIEF FROM CHICAGOLAND...
MARK HALPERIN
CALLS OBAMA 'A DICK' ON LIVE TV...
POLL: Obama
42%, any Republican
46%...
Campaign
signals fundraising fail...
UPDATE:
Minnesota Government Shuts Down...
Washington
state closes tourism office...
Florida
state workers get pink slips, more cuts ahead...
FEDS STRIKE DOWN STATE'S BAN ON RACE CONSIDERATION IN COLLEGE ADMISSIONS...
SoCal Looks
to Secede from California...
REPORT: U.S.
Air Force, Navy still flying hundreds of missions over Libya...(FLASHBACK: Obama: U.S. Involvement
Would Last 'Days, Not Weeks'... OBAMA FIGHTS FOR HIS RIGHT TO BOMB LIBYA...)
GETTING
NERVOUS
NEWT: Obama
'most successful food stamp president in American history'...
Palin:
Hollywood stars as 'full of hate'... ["What would make someone be so full of
hate?" palin asks … answer: resistance to someone as dumb and full of
war-mongering hate as she is! ]
REPORT: NATO
forces ARE trying to
assassinate Qaddafi...
Los
Alamos under siege from wildfire...
'Throwing
absolutely everything at this that we got'...
BLAGO LIKELY
HEADED TO PRISON...
'What
happened?'
But he gets
to keep his hair...
Fitz finally
wins one!
GUILTY IN
CHICAGOLAND...
17 of 20
counts...
Tried To
Sell Obama's senate seat...
Jury
DEADLOCKED on Rahm shakedown...
Blago to
lawyer: 'What happened?'
'Stunned'...
JOBLESS WEAK: 429,000...
...disappointed
Economic
trouble puzzles Fed chief...
FARRAKHAN:
'THAT'S A MURDERER IN THE WHITE HOUSE'...
THE NEW 'NORMAL'
GALLUP PLUNGE...
Approval -4,
disapproval +5 -- in one day!
DOWN TO THIRD: USA 'TO FALL BEHIND
INDIA' IN TRADE...
DEM FIX:
MORE SPENDING!
Bernanke
speaks, stocks sink...
FORBES:
'Admits he's clueless'...
CBO:
Long-Term Debt Picture Worsens...
Would reach
101% of GDP by 2021...
STUDY: State, local gov'ts must
raise taxes $1,400 a year for 30 years to fund pensions...
Millionaires
shrug off downturn; Wealthy richer than before crisis...
Zuckerman:
'We now have more idle men, women than at any time since Great Depression'...
SHOCK POLL:
ONLY 3 in 10 WILL VOTE FOR OBAMA...
66% say US
headed in 'wrong direction'...
Greece Agrees on New Austerity Plan
With EU, IMF...
ANGER IN
ATHENS...
'BLACK
HOLE'...
DEBT TALKS BREAKDOWN; TAX BUST
S&P:
Risk of U.S. credit rating downgrade increased...
Chicago
county faces $108 billion gap in pensions....
Greek Streets 'Explosive'...
PM wins confidence vote 'but outlook
remains dire'...
Huntsman
announces presidential bid at Statue of Liberty...
Harry Reid
endorses...
Bachmann
surges to primary lead...
Iraq hunting
$17 billion missing after U.S. invasion...
NATO
NIGHTMARE: 9 CIVILIANS KILLED [NATO strike kills 15 Libyan civilians]
Census:
Whites lose majority among babies...
German Giant Says US Workers Lack
Skills...
PAPER:
AMERICA'S LOST DECADE?
States look
to Internet taxes to close budget gaps...
SPANIARDS ON
MARCH OVER BLEAK PROSPECTS...
House
will move this week to limit funding for effort in Libya...
'DON'T BE
SURPRISED IF ATHENS GOES UP IN FLAMES'...
GREEK PM
PLEADS FOR UNITY!
...warns
against default
Threat to
downgrade Italian debt raises contagion fears...
Princess
Diana Conspiracy Movie Headed to Theaters... [ Uh, oh! Time to gear
up the already harsh ‘censors’ in england.
]
Bachmann:
Obama 'has failed' blacks, Hispanics... [ Come on! ‘Wobama the b’
(for b***s*** has failed everyone. ]
Presidential
no-show miffs Hispanics...
African-American
unemployment at 16%... [ But there’s rationality in this stat as
people avoid their disgustingly uncivilized noisy rap ‘boomboxes’. Then there’s
the attitude. I truly believe from direct experience that even when their
outright aggression, assaults on persons and the senses, and otherwise
obnoxious behavior is not apposite, the personality disorder ‘passive /
aggressive’ is applicable, however indirectly expressed. ]
SHE'S OFF!
(on the road again) Michelle Obama embarks on Africa visit … (stay there!) ...
Michelle
Obama Admits: 'Fortunately, We Have Help From The Media'...
CHICAGOLAND:
Rahm's Top Cop Blames Gangs, Crime on 'Gov't-Sponsored Racism'...
Likens
federal gun laws to 'racism'...
Teen Mob Of
50 Hits Chicago WALGREENS...
Teen brutally beaten by mob
of blacks; cops mull 'lynching'
charge...
Princess
Diana Conspiracy Movie Headed to Theaters... [ British
queen arrives in Ireland Queen Elizabeth II’s visit overshadowed by
security scares. (
Drudgereport: Protesters burn American flag during
Obama visit to Puerto Rico -- a U.S. territory... [ I find even his retirement costs
objectionable. Obama: My
family is ‘fine’ with one term Politico
| President Barack Obama says his family is “not invested” in a second term.
The unctuous pandering by the wobamas is nauseating. And, michele’s
fundraisers? What’s up with that? Wobama’s such a glomming golem / slug. Obama
says if he were Weiner, he’d resign
President Obama on Monday waded into the debate over whether embattled
Rep. Anthony Weiner should step down, saying, “If it was me, I would resign..Barack Obama: The
Naked Emperor Shocking but true revelations from David Icke| ..Obama is
just more of the same, a big smile with strings attached, and controlled
completely by those that chose him, trained him, sold him and provided his
record funding, kept his many skeletons under wraps, like the gay sex and crack
cocaine .. Larry Sinclair (from affidavit: 1. Who is Ron Allen that claims to
be with your Presidential camp, who is alleged to claim that someone claiming
to represent me called asking for $100,000, to keep me from coming forward
about our (Obama and I) November 1999 encounter of sex and cocaine use?), ...
Obama is just another Banksters' moll prostituting himself .., and that's why
he supported the grotesque bail-out of the banking system and why he will
always put their interests before the people. ] http://albertpeia.com/obamadeceptionhighqualityversion.flv
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