9-24-12 POSTS
Wobama’s Choom
Gang Bangin’ { This brief video (11 mb) is well done and worth a watch! }
http://www.albertpeia.com/wobamaschoomgangbangin.wmv
http://albertpeia.com/psycopathssociopathsamericasocietalcollapse.htm
{ Think about this! By wobama’s own criteria in his
last total b***s*** campaign, he should be stepping down; having failed on all
counts and then some. He also promised to cut the nation’s deficit in half by
the end of his term; yet, he has increased the nation’s deficit by a record
amount greater than all the presidents since Eisenhower COMBINED ($5 trillion).
He has done this to help cover up his unequivocal failure by any standard by
which you measure a presidency, including his own. People in america must show
the Washingtonians they are not doormats! They must stand up and let these
politicos know that results count; particularly promised results. Absent positive
results as with unmitigated failure, choom-gang-banger wobama, they get the
boot. President Romney deserves the 4 years he’ll have to turn this disaster
called america around. If President Romney doesn’t cut the mustard in 4 years
as promised, then he will be out. Results Count! I believe that people in the
final analysis will choose self-respect; that is, choose NOT to be wobama’s
doormat. Despite and contrary to wobama’s spin/propagandameisters’ desperate
spin/outright falsity which addresses anything but wobama’s clear record of
failure, President Romney is smart enough, flexible enough, and with a record
of concrete results behind him as compared to wobama choom fantasy/b***s***,
President Romney will be a hands-on President to the entire nation in the most
positive sense. As such, I believe people will choose self-respect, reality,
real results which will make President Romney’s election a substantial margin
blowout victory!
Friday
Humor: "I Am Pledging To Cut The Deficit We Inherited By Half By The End
Of My First Term In Office"
ZeroHedge.com Tyler Durden { Wobama the b for
b***s*** speaks … on the prior pre-election campaign trail ( 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’ … ) Obama's Five
Trillion Dollar Lie http://albertpeia.com/obamas5trilliondollarlie.htm }
Buchanan:
'Obama has steadily diminished both himself and the office he holds'... { Indeed he has; and, that’s putting it
mildly! } ‘…In an ad
produced by the super PAC Priorities USA, Mitt Romney is charged with moral, if
not material, complicity in the cancer death of the wife of a Missouri
steelworker. Speaking straight into the camera, Joe Soptic, 62, charges Romney
with coldly shutting down the plant where he worked and cutting off his health
insurance. This, says Soptic, left his wife without insurance to pay for her
care, until, falling ill, she went to a doctor, who discovered stage 4 cancer,
which killed her in 22 days.Soptic implies a causal connection between Romney’s
decision to shut the plant and his wife’s death. The ad is a premeditated
attempt to murder the reputation of Mitt Romney. And from start to finish, it
is a deception. The truth. Mitt Romney gave up leadership of Bain Capital in
1999. The steel plant was closed in 2001. Soptic lost his health insurance, but
his wife was still working and had hers. She lost her job and insurance in
2003. Her illness and cancer were discovered in 2006, when Romney was ending
his fourth year as governor of Massachusetts…’
{ It’s really quite amazing: everything but the facts/truth from wobama
et als. Actually, wobama has a real tax evader in his ranks; viz., tiny tim
geithner who asserted the statute of limitations to get out of paying taxes
that were rightfully due. Should President Romney as a rational business man
whose record at Bain was conceded by Bill Clinton to have been sterling have
instructed his accountants to forget all they know about accounting/taxation
and do a bad job (now doing a bad job is something that failed president wobama
can identify with and knows something about). Then there’s dirty harry:
Drudgereport: HARRY REID
HELPS CHINESE SOLAR FIRM REPRESENTED -- BY HIS SON!
PAPER: It's
time to fight back against Dirty Harry...
Wife: Rep.
Jesse Jackson Jr. getting treatment but 'still very depressed'...
Ethics
investigation continues...
BIASED MEDIA
BASH: 86% of Romney coverage NEGATIVE... { Friday
Humor: (obama last campaign) "I Am Pledging To Cut The Deficit We
Inherited By Half By The End Of My First Term In Office" ZeroHedge.com Wow!
The only explanation might be they’ve been duped by wobama along with
the rest of the nation and are too embarrassed for not doing their reasonably
expected due diligence on grifter obama and just won’t own up to the reality of
the fraud called wobama! Wobama the b for b***s*** speaks … on the prior
pre-election campaign trail ( 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’ … ) 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…’]
} Boehner:
Obama has 'never even had a real job, for God's sake'...
O BRINGS
BACK TELEPROMPTER...
REPORT:
Warnings ignored in Solyndra loan...
{ In the final analysis, I truly believe americans
will prove they are not that dumb; that they are not going to be shamed by
being fooled twice (fool me once, shame on you; fool me twice, shame on me);
that they will let politicians everywhere know that results count! Keeping
campaign promises counts! Hope and change…can you believe that wobama et als
are actually saying that again? The audacity…eh, what the heck…he’s just a
typical jive-talking black…cut him some slack…pathetic…The only reality for
hope and change is hope that wobama changes. That’s not likely! He’s gotten by
on b***s*** his entire life and is a desperate and total fraud! I believe this
will be a reality-based high-margin blowout victory for President Romney! }
Prisonplanet.com | The
Thomas More Law Center has announced that it has filed a federal lawsuit
against Homeland Security Secretary Janet Napolitano.
Shocking
Federal Lawsuit Against DHS Napolitano: Big Sis Favored Her Gal Pals, Treated
Male Staffers “Like Lapdogs,” Her Female Staff Tormented Male Employees with
“Sexually Charged Games” { Whoa!
Lapdog to Napolitano! Whew! Ew! Wow! Yuck! After all, jano almost makes mo reno
look like a beauty queen! I’m starting to get dry heaves! …In the suit Hayes
also accused Napolitano’s chief of staff at ICE, Suzanne Barr, of repeated
'sexually offensive behaviour' intended to 'humiliate and intimidate male
employees'.On one occasion, Barr called a colleague in his hotel room and
screamed using sexually explicit language, telling him she 'wanted his c*** in
the back of [her] throat' (of course, this impressionable lesbian must have
seen ‘deep throat’; maybe she really thinks there’s a possibility she has a
clitoris in the deep recesses of her throat…or not…just kidding). Might this be
behind (pun) the sadistic groping of TSA. Pretty sordid stuff, indeed! }
Hayes claims he 'felt that he was being targeted because of his gender'
and witnessed Barr repeatedly picking on men. She 'created a frat-house type
atmosphere that is targeted to humiliate and intimidate male employees',
according to court papers. In 2009 she 'removed the entire contents of the
offices of three male employees, including nameplates, computers and
telephones, to the men’s bathroom at ICE headquarters'. Read more: http://www.dailymail.co.uk/news/article-2186507/Janet-Napolitano-favoured-woman-long-relationship-job.html#ixzz23ERN7rMx }
http://albertpeia.com/nationalconsequencesofenslavementtobankers.htm { I really have to tell you, I’d rather be
enslaved by bankers than … Jano, see supra … Just kidding! Neither, is my real
answer! }
Infowars.com | A book
of lies geared to cover up more lies.
http://albertpeia.com/binladendeathbookhoax.htm
Obama campaign unleashing 'the Big Dog' in battleground states
{ Riiiiight! The big dog…who found a way to poop up the presidency after being
gifted with a huge end of cold war peace dividend courtesy of predominantly
Reagan. Yes, on route to blowing the job, despite his support for NAFTA, he did
get quite a few…blow(n) jobs… http://albertpeia.com/bigdogpoop.htm }
Americans
Are Literally Being Worked To Death
http://albertpeia.com/americansworkedtodeath.htm
{ I personally believe a new
category of anxiety disorder has arisen in america which probably would fall
within the broader genus of ‘obsessive compulsive’;viz., the obsessively
compulsive trait being overuse of cell phones/text messaging, etc., in some
instances to the point where fingers are literally rendered ‘raw’ from the
typing. Such, of course, is famously promoted/encouraged (tweets, etc.) by the
media, ‘celebs’, etc., and of course the ‘sellers’ of the China-made gadgets,
ie., apple (I-phones, etc.), etc.. And, despite being invariably sympathetic to
the plight of kids generally, I really must say it’s really rather startling
and pathetic! } , 19
Signs That America Is Being Systematically Transformed Into A Giant
Surveillance Grid
http://albertpeia.com/usasurveillancegrid.htm , 10 states stealing California's population { Stealing? I
don’t think so. There’s really nothing positive to say about california as a
(w)hole! Only jersey is worse! http://albertpeia.com/calihole.htm And, as recently as the Reagan ‘80’s that
was not nearly the case concerning california which has fallen far and fast.
} ,
There’s No Engine
For Global Growth (China Edition) http://albertpeia.com/theresnoengineforglobalgrowth.htm , Get
Your Fake Tungsten-Filled Gold Coins Here
ZeroHedge.com , Winners
Lose As Safety Outperforms UPDATE: CAT is sliding AH after noting higher chance of
recession and cuts 2015 EPS guidance from $15-20 to $12-18 , In
Preview Of Inevitable Unhappy QEnding, Overeager German Safecrackers Blow Up
Bank It looks like someone took a
page from the Bernanke open-ended playbook, who when tasked by Chuck Schumer to
"get
to work, Mr. Chairman", and realizing his job is on the line,
literally bet the Fed's political ranch on the biggest liquidity tsunami ever
conceived in Keynesian history with consequences which as Gary Kaminsky
explained earlier, will be akin to a Kamikaze pilot, if one who has over 310
million passengers. That someone was one or more German safecrackers in the
town of Nottuln-Darup, who were eagerly pursuing their New Normal patriotic
duty to release some bank reserves into broad circulation by blasting through a
safe on Sunday night, when they used some extra laced C-4, in the process blew
up the entire bank, shattering windows across the street, and causing hundreds
of thousands of euros worth of damage. Perhaps this, more than anything, is
the best visual of just what Bernanke's attempt to unclog the "bank
plumbing" will look like in the end, even better than Zimbabwe
coordinated 1
million man flush. The silver lining: at least they added to German GDP: if
today's Ifo number is any indication, Germany desperately needs it. , Meanwhile
In Downtown Camden As we reported
earlier, Camden may be broke, the local police may now be history,
unemployment may be 50%, it may be nothing more than one big crack cocaine
depot and driving through downtown at less than 88 mph may be hazardous to your
health, but that wasn't always the case. In fact, back in 2009 the city had
enough money to afford billboards. Such as this one on the intersection of Dr
Charless Brimm Blvd and S. Broadway, courtesy of Google
StreetView (sorry iPhone 5 users: you can't see this). Brought to you by www.joncorzine09.com , Spanish
Military Threatens Treason As Catalonia Seeks Secession Referendum { As an aside, it should be noted that
Catalonia is birthplace to my all-time favorite and many of the world’s
greatest artists. }
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
What in the World Has Happened to the
FBI/DOJ?
http://albertpeia.com/fbinazibikersbustfbinazibikers2.htm
With
$1.6 Trillion In FDIC Deposit Insurance Expiring, Are Negative Bill Rates Set
To Become The New Normal? , Guest
Post: Pavlov's Dogs - An Overview Of Market Risk , Confirming
US Dumbification, Verbal SAT Scores Just Hit Record Low , Guest
Post: The Greatest Trick The Devil Ever Pulled Never try to teach a pig to sing, advised Robert Heinlein. It
wastes your time and it annoys the pig. Similarly, never try to convince
a central banker that his policies are destructive , Kaminsky:
"Bernanke Is Now A Kamikaze Pilot" In a little under four minutes, CNBC's Gary Kaminsky provides a
voice of reason amid the 'Gold-and-Bonds-are-in-a-bubble-but-Apple-is-awesome'
meme. Reflecting on some of the mind-blowingly crazy statistics of this
market's recent inexorable rise, central bank balance sheet eruptions, and
valuations; Kaminsky (an ex-PM as opposed to 'reporter') provides six
clarifying words: "We know this will end
ugly!" From the lack of credibility of any Fed exit, to the
explosion of the monetary base, Gary moves back and forth from Japan as an
ever-more-obvious template for our path past the Keynesian endpoint. Finally,
he concludes that: "Bernanke
is a kamikaze pilot... experimenting [in monetary policy] and is destined to
fail." , David
Rosenberg On The 'One-Trick Pony Market'
Global economic fundamentals are awful, bearish divergences are
occurring everywhere, investor sentiment is nearing bullish extremes, political
risks remain high and last week's market performance can be summed up in four
words - 'lack of follow through'. As
Gluskin Sheff's David Rosenberg explains, more than two-thirds of the rally points the stock market has enjoyed
since the summer-time lows occurred around central bank policy announcements. So the
market is really a one-trick pony here, breathing in the fumes of central bank
liquidity , America's
Deadliest And Poorest City Set To Disband Its Entire Police Force Over Budget
Crisis While the stock market in
the US continues to surge (if not so much in China where the composite is back
to 2009 lows) as the relentless liquidity tsunami makes its way into stocks,
and other Fed
frontrunning instruments, and only there, reality
for everyone else refuses to wait. Last week we saw reality striking in Greece,
where a section of Athens literally
shut down after it ran out of all cash. Today, reality comes to the US, and
specifically its poorest city, Camden, which is a twofer, doubling down also as
America's deadliest city. It turns out Camden is about to become even
deadliest-er, as its police force is set to be disbanded following a budget
crisis in this effectively insolvent city.
, The
Fed Is Systematically Destroying Social Security And The Retirement Plans Of
Millions Posted by : ilene
Post date: 09/24/2012 - SS Ponzi is approaching a
cliff. , Following
QE8, Japanese Teachers' Pension Fund Goes All-In: Focus on 'Return' Not 'Risk' Haven't we seen this picture before - and it
didn't end well? , Guest
Post: QE For the People - What Else Could We Buy With $29 Trillion? In a
system that depends on lies and the credulity of the citizenry, the greatest
lie is that the Federal Reserve's "quantitative easing" bailouts of
the banks somehow help our citizens and communities , Janjuah
Stopped Out ‘…Nomura's Bob Janjuah remains 100% correct in his
diagnosis and prognosis of the current 'grossest misallocation and
mispricing of capital in the history of mankind'… "...risk assets are in a bubble which of course can extend, but
which can reverse sharply and suddenly. Up here, 'valuation metrics' are not
going to help much... this bubble could extend for maybe a few months and by up
to 10%, ...but that we could see global equity markets 10/15% lower in
virtually a 'heartbeat'." , Overnight
Sentiment: 'Rumors Regurgitated, Refuted' Redux As German Economy Slips Again , Greece
Caught Underreporting Its Budget Deficit By Nearly 50% , The
Global Trade Cycle Turns Lower , Daily
US Opening News And Market Re-Cap: September 24 Risk-averse sentiment dominated the
first half of the session today, as market participants digested yet another
disappointing macro economic data release from Europe (German IFO), which fell
for a fifth consecutive month. In addition to that, EU’s Van Rompuy said that
he sees tendency of losing the sense of urgency, likely pointing the finger at
Spain which is yet to request monetary assistance to prevent another
speculative attack. It remains unclear when the official request will be made,
but there is a risk that the application will only take place after regional
elections in late October or even after the Eurogroup meeting in November.
Finally, German finance ministry spokesman said that leveraging the ESM to EUR
2trl, as reported by Der Spiegel over the weekend, is not realistic and called
the report completely illusionary. As a result, peripheral bond yield spreads
are wider, with Italian bonds underperforming as markets prepare for this
week’s supply from the Treasury. Heading towards the North American cross over,
EUR/USD is seen lower by around 75pips and is trading in close proximity to the
1.2900 level, with bids said to be placed below. Talk of dividend related
buying in GBP/USD, as well as EU budget related selling in EUR/GBP by two different
UK clearers helped support GBP/USD. Going forward, there are no major economic
releases set for the second half of the session, but the BoE will conduct its
latest APF and the Fed will buy between USD 1.5-2bln in its latest POMO.
Submitted by Tyler
Durden on 09/24/2012
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
What in the World Has Happened to the
FBI/DOJ?
FBI Nazi
Bikers Bust FBI Nazi Group http://albertpeia.com/fbinazibikersbustfbinazibikers2.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 http://albertpeia.com/psycopathssociopathsamericasocietalcollapse.htm
, http://albertpeia.com/archives.htm , [ THE REAL CRASH IS DEAD AHEAD AS 2008 IS FORGOTTEN Paul B. Farrell MarketWatch http://albertpeia.com/realcrashdeadahead.htm , Just
Open Up Your Eyes And Look - 65 Signs That The Economic Collapse Is Already
Happening http://albertpeia.com/65signseconomiccollapsehappening.htm , One Last Breadth: 3 Reasons to Not Trust this Market By Chad
Karnes ETFguide , Obama campaign unleashing 'the Big Dog' in battleground states
{ Riiiiight! The big dog…who found a way to poop up the presidency after being
gifted with a huge end of cold war peace dividend courtesy of predominantly
Reagan. Yes, on route to blowing the job, despite his support for NAFTA, he did
get quite a few…blow(n) jobs… http://albertpeia.com/bigdogpoop.htm } , Doug
Casey Predicts Day of Economic Reckoning Is Near (Casey Research
8-27-12) http://albertpeia.com/caseysayseconomicreckoningnear.htm , http://albertpeia.com/truthabouteurope.htm , It
Is Not Just Your Imagination - American Families ARE Getting Poorer http://albertpeia.com/americansgettingpoorer.htm , Food Inflation, Food Shortages And Food Riots Are Coming http://albertpeia.com/foodinflationshortagesriotscoming.htm , Americans
Are Literally Being Worked To Death
http://albertpeia.com/americansworkedtodeath.htm
{ I personally believe a new
category of anxiety disorder has arisen in america which probably would fall
within the broader genus of ‘obsessive compulsive’;viz., the obsessively
compulsive trait being overuse of cell phones/text messaging, etc., in some instances
to the point where fingers are literally rendered ‘raw’ from the typing. Such,
of course, is famously promoted/encouraged (tweets, etc.) by the media,
‘celebs’, etc., and of course the ‘sellers’ of the China-made gadgets, ie.,
apple (I-phones, etc.), etc.. And, despite being invariably sympathetic to the
plight of kids generally, I really must say it’s really rather startling and
pathetic! } , 19
Signs That America Is Being Systematically Transformed Into A Giant
Surveillance Grid
http://albertpeia.com/usasurveillancegrid.htm , 10 states stealing California's population { Stealing? I
don’t think so. There’s really nothing positive to say about california as a
(w)hole! Only jersey is worse! http://albertpeia.com/calihole.htm And, as recently as the Reagan ‘80’s that
was not nearly the case concerning california which has fallen far and fast.
} ,
There’s No Engine
For Global Growth (China Edition) http://albertpeia.com/theresnoengineforglobalgrowth.htm , Get
Your Fake Tungsten-Filled Gold Coins Here
ZeroHedge.com , Winners
Lose As Safety Outperforms UPDATE: CAT is sliding AH after noting higher chance of
recession and cuts 2015 EPS guidance from $15-20 to $12-18 , Super Mario’s Big Bluff http://albertpeia.com/supermariosbigbluff.htm , Where Would
the S&P 500 Be Without Fed Intervention? http://albertpeia.com/snpfed.htm , Things
Are Getting Worse: Median Household Income Has Fallen 4 Years In A Row http://albertpeia.com/thingsworseincomefalls4inarow.htm , Thanks
Obama - The Terrorists You Used To Topple Regimes In Egypt And Libya Are Now
Attacking Our Embassies http://albertpeia.com/thankswoforblowback.htm , Is
America The Most Materialistic Society In The History Of The World? http://albertpeia.com/americanmaterialism.htm
{ When it comes to american fortunes especially; particularly, ie., fraudulent
wall street-made fortunes, though there are otherwise some exceptions, that old
adage displayed at the beginning of one of Francis Ford Coppola’s masterfully
done mafia movies, viz., ‘Behind every fortune a crime’, is apposite. } , We're
Entering Another Economic Collapse... Right As Inflation Hits LIft Off! Phoenix Capital
Research 9-21-12 http://albertpeia.com/economiccollapseplusrisinginflation.htm , 21
Facts About America's Decaying Infrastructure That Will Blow Your Mind http://theeconomiccollapseblog.com http://albertpeia.com/21factsamericasdecayinginfrastructure.htm , 100
DAYS UNTIL LARGEST TAX HIKES IN HISTORY... http://albertpeia.com/taxmaggedon.htm
, Dumb money sees a rally, so gird for a dip , The richest and poorest U.S. cities by income http://albertpeia.com/25uscitiesbyincome.htm , 10
Quotes From Financial Experts About The Effect That QE3 Will Have On Gold And
Silver http://albertpeia.com/10quotesfromfinancialexpertsreqe.htm , Forget About QE… I’m Worried
About UC September 20, 2012 http://gainspainscapital.com http://albertpeia.com/qeconsequences.htm , The
Fed’s QE 3 Program: Short Term Thinking For Long-Term Pain http://albertpeia.com/shorttermthinkinglongtermpain.htm { The problem is, it’s not even sound
short-term thinking. Oh sure, the fraudulent churn and earn markets are loving
this, yet some see this ‘non-economic’, costly obfuscating scam for its real
effect and detriment; ie., Egan-Jones downgrades U.S. rating on QE3 move , etc.. }
, 10
Shocking Quotes About What QE3 Is Going To Do To America http://albertpeia.com/10shocksregardingwhatqe3willdotous.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
What in the World Has Happened to the
FBI/DOJ?
FBI Nazi
Bikers Bust FBI Nazi Group http://albertpeia.com/fbinazibikersbustfbinazibikers2.htm
http://theeconomiccollapseblog.com
http://albertpeia.com/americansworkedtodeath.htm
{ I
personally believe a new category of anxiety disorder has arisen in america
which probably would fall within the broader genus of ‘obsessive
compulsive’;viz., the obsessively compulsive trait being overuse
of cell phones/text messaging, etc., in some instances to the point where
fingers are literally rendered ‘raw’ from
the typing. Such, of course, is famously promoted/encouraged (tweets, etc.) by
the media, ‘celebs’, etc., and of course the ‘sellers’ of the
China-made gadgets, ie., apple (I-phones, etc.), etc.. And, despite being
invariably sympathetic to the plight of kids generally, I really must say it’s really
rather startling and pathetic! }
‘Are you
constantly tired and do you feel incredibly stressed almost all the time?
Well, that means that there is a really good chance that you are a typical
American worker. Even though our incomes are going down, Americans are spending more time at work than ever
before. In fact, U.S. workers spend more time at work than anyone
else in the world. But it was not always this way. Back in 1970,
the average work week for an American worker was about 35 hours. Today, it is up to 46 hours. But there are other major
economies around the globe that are doing just fine without burning their
workers out. For example, the average American worker spends 378 more hours working per year than the average
German worker does. Sadly, for many Americans work is not even finished
once they leave the office. According to one recent survey, the
average American worker spends an extra seven hours per week on work tasks such
as checking emails and answering phone calls after normal work hours have
finished. Other Americans are juggling two or three jobs in a desperate
attempt to make ends meet. Americans are busier than ever and work is often
pushing the other areas of our lives on to the back burner. What this
also means is that "family vacations" are becoming increasingly rare
in the United States. In fact, Americans spend less days on vacation than
anyone else in the industrialized world. While some would applaud our
"work ethic", the truth is that the fact that we are being overworked
is having some very serious consequences. In fact, as you will see below,
Americans are literally being worked to death.
The
following is an excerpt from a comment that one reader posted on one of my recent articles.
Can you identify with what this family is going through?....
I always
try and remember to be thankful and say prayers of gratitude for the blessings
I have, however I can tell you that my wife and I are getting more and more
exhausted.
Straight
forward payroll taxes nailed us for $35k last year and the dozens of other
taxes are often over-looked but also hitting us harder and harder.
My wife
works 14 hour shifts at her dialysis clinic 3 days a week and every other
weekend. On the Tuesdays and thursdays she has off she ends up resting half the
day to give her poor feet a break since a nurse on her feet 14 straight hours
of continual busyness is exhausting.
On top of
that, her company has had a pay freeze for 3 years, has dropped Holidays down
to just 2 per year ( Thanksgiving and Christmas of which she must work 1 of
them), has canceled the reimbursement of her CEU’s ( medical
professionals are required to continue to take schooling and classes for their
entire career in order to renew their licenses) –also they
no longer match 401k’s and her company health plan just bumped up $30 per
week!!
I put in so many hours at times that
when I get home I am too tired to eat. I come home, change clothes/shower and
go straight to bed–this is not living…’
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
What in the World Has Happened to the
FBI/DOJ?
http://albertpeia.com/fbinazibikersbustfbinazibikers2.htm
http://endoftheamericandream.com
http://albertpeia.com/usasurveillancegrid.htm
10 states stealing California's population { Stealing? I
don’t think so. There’s really nothing positive to say about california as a
(w)hole! Only jersey is worse! http://albertpeia.com/calihole.htm And, as recently as the Reagan ‘80’s that
was not nearly the case concerning california which has fallen far and fast. }
http://albertpeia.com/theresnoengineforglobalgrowth.htm
‘I’ve
(Summers) been skeptical about China for some time. While I do believe China
has made some serious economic progress as a country, I remain thoroughly
convinced that ultimately its economic “miracle”
will be much like that of the Soviet Union powerhouse in the late 20s:
apparently awesome in scope at the time, but a total fraud after the fact.
For one thing, China remains a control
economy. There is no history that I know of in which a controlled economy
works. The primary drivers of macro-economic growth are innovation,
technological adaptation, and increased efficiency.
In order to have this, you need to have
rule of law, strong education, openness to trade, and quality institutions to
establish credibility and uphold the rule of law.
China is big on trade and education, but
sorely lacking on quality institutions and rule of law. Just a few of the more
glaring items include:
1) China’s
obviously fraudulent economic data.
2) Rampant corruption of
Chinese Government officials (no rule of law).
3) A lack of individual
rights for Chinese citizens (again no rule of law)
4) A total lack of credible
institutions to maintain accounting standards, quality control, protection of
Intellectual Property, and the like.
One could easily argue that the US
suffers from some of these issues (indeed, every country in the world does).
However, the US remains, for the most part, a dynamic and open economy with
semi-credible institutions and which generally upholds the rule of law (I
remain convinced that those who committed fraud and broke the law leading up to
the Financial Crisis and since then will eventually be brought to justice).
China on the other hand experiences
corruption on a scale that is truly staggering to understand. More importantly,
the corruption is deeply intertwined with the economic growth story itself.
Consider the following story I recently
came across.
The Chinese Government wanted to build a
bridge in one of its many rural provinces. However, the retired government
officials (who happened to reside in the best real estate over looking the area
in question) complained that doing this would block their view. So the
Government… built a far more expensive tunnel
instead. It boosted GDP, kept the officials happy, but made absolutely no sense
what-so-ever.
A few other items of note:
1) In 2010 alone, 146,000
cases of corruption were launched in China (that’s 400 PER DAY).
2) How much these officials
stole is unknown. But… of the 14 cases that were actually
reported in the Chinese media, the average amount stolen was 18 MILLION
RMB (for perspective, the average college graduate in China earns 2,500 RMB per
year).
Now, no one knows how much money the
146,000 officials stole in 2010, but one report that was verified
stated that just 29 officials were caught stealing 647.18 million RMB that
year. Between that figure and the average theft of 18 million RMB the media
reports, it’s safe to assume that the 146,000
officials engaged in corruption probably stole a staggering amount of loot.
How staggering? Well let’s
look to history:
Between 1991-2011, it’s
estimated that between 16,000-18,000 Chinese officials fled China
taking 800 BILLION RMB (roughly $125 BILLION) with them. Bear in mind China’s entire GDP
was just 2.1 trillion RMB in 1991.
With this kind of insane corruption
combined with a desire to maintain ridiculous GDP numbers at all costs, quality
goes right out the window. Case in point, it’s
estimated that on average bribes comprise 5-10% of a given project’s
costs in China today.
Let me say that again…
if you are proposing a construction project in China, on average you’ll
need to allocate 5-10% of your costs towards bribing officials…’
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
What in the World Has Happened to the
FBI/DOJ?
http://albertpeia.com/fbinazibikersbustfbinazibikers2.htm
9-24-12 PAPER: Don't believe hype on
US 'recovery'...
Pennsylvania Shock Poll:
Obama 47% Romney 45%...
FLORIDA POLL: O 48% R 47%...
Veterans retreating from
president...
Romney assails Obama after
US ambassador's murder...
'Bumps In The Road'...
Ryan: Middle East looks like
'1979 Tehran'...
Slipping away? Obama
campaign manager now says DON'T PAY ATTENTION TO 'NATIONAL' POLLS...
GALLUP SATURDAY: O 47% R
47%...
RASMUSSEN: O 46% R 46%...
Pushing 'change' is tougher
this time around...
Early voting transforms campaigns...
DICK
MORRIS: Why The Polls Understate Romney Vote...
Romney
Releases 2011 Tax Returns; Paid $1.9 Million on $13.7 in Income...
...donated $4,020,772 to charity
Voluntarily
paid more than required...
Harry
Reid avoids prior claims...
'TIME
TO SHOW YOURS, HARRY'
Zuckerman:
Obama Campaign 'Divisive and Dishonest'...
POLL:
Distrust in Media Hits New High...
Biden
on college cheerleaders: 'The stuff they do on hard wood, it blows my
(lobotomized) mind'...
WHITE
HOUSE STORY ON LIBYA FALLS APART...
100
DAYS UNTIL LARGEST TAX HIKES IN HISTORY... http://albertpeia.com/taxmaggedon.htm
FIRST SERIOUS INTERVIEW: O
PRESSED ON FAILURES BY UNIVISION
Romney: Obama's New Slogan
'No, I Can't'...
GALLUP: O 47% R 47%...
Median Income In OH Hits
27-Year Low...
Obama still blames video for
Libya attack?
Ramos Rips
Away...
'YOU DID NOT KEEP YOUR
PROMISE'...
Shouldn't you 'fire' Eric
Holder?
Student asks president for
advice -- on how to find a job!
PAPER: 'THE OBAMA YOU DON'T
KNOW'...‘…But beyond the spin and the polls, a starkly
different picture emerges. It is a portrait of a man quite unlike his image,
not a visionary reformer but rather a classic Chicago machine pol who thrives
on rewarding himself and his friends with the spoils of public office, and who
uses his position to punish his enemies. Peter Schweizer captures this other
Obama with a bracing statistic in his book "Throw Them All Out,"
published last year. In the Obama economic stimulus program's Department of
Energy loans, companies owned and run by Obama contributors and friends, like
Solyndra's George Kaiser, received $16.4 billion. Those not linked to the
president got only $4.1 billion. The Energy Department is far from the only
federal program in which favoritism has heavily influenced federal grants. To
paraphrase Tammany Hall's George Washington Plunkitt, Obama has seen his
opportunities and taken them, over and over. - Mark
Tapscott / Executive Editor’
Republican senators decry
'useless, worthless' Clinton briefing...
Lewinsky set to reveal Bill
Clinton's sex secrets in tell-all book...
'Worst nightmare'...
OBAMACARE TAX TO HIT 6 MILLION
MOSTLY MIDDLE CLASS
RASMUSSEN SWING STATES: R
47% O 46%...
POLL
CONFIRMS ROMNEY: OBAMA HAS 47%... { Yes…and the really tragically
sad part of that reality for america is that it’s a strategy of theirs, making
americans dependant on the government (for food, protection from bogus,
self-created/induced bogey men/terror, protection from warranted prosecution as
with the largest frauds on wall street, corzine et als, mf global etc.); and
not just the poor; viz., ie., the frauds on wall street and their
contraindicated QE entitlement along with protection from prosecution for their
huge frauds, etc… }
Tax
Compliance for Obamacare: 80 Million Hours...
O: 'I
ACTUALLY BELIEVE IN REDISTRIBUTION'
Analyst:
Fed's 'QE-Infinity' Will Push Gold Up to $2,400...
Mortgage
Lending Slides to 16-Year Low...
WSJ:
The Data Behind Romney's Comments...
REPORT:
Median Income Worse Now Than During 'Great Recession'...
'Unprecedented'
Jump in Food Stamps...
8,786,049:
Yet Another Record for Americans Collecting Disability...
16 people working for each person collecting..
US credit
rating downgraded -- again...
PUMPING
BLAMED...
CASH
FOR BANKERS: Fed risks political fallout...
Faber:
If I Were Bernanke, I Would Resign... { Yeah…but you’re not ‘The
Rain Man’ … he’s comfortable there … He’s not insane according to Einstein’s
definition; viz., doing the same thing over and over and expecting a different
result … He’s just … ‘The Rain Man’ (Doesn’t burnt out bernanke remind you
somewhat of Dustin Hoffman in portraying the character of the same name/film?
If only he could count like ‘The Rain Man’.) }
Gas
Prices More than Double Under Obama: $1.84 to $3.85...
Kids
Question Michelle: Where Will They Move When President Loses?
'FULL-BLOWN
CRISIS'
ELECTION MANIPULATION: NEW PUMPING BEGINS!! { This is an especially great opportunity to sell
this suckers’ market/take profits! Nothing’s been solved! Just because
‘no-recession-helicopter-ben’ says something, does not mean it’s true (remember
that ‘no recession call’ of his; and, of course, no QE before the election,
prospectively, already discounted many times over by the ‘markets, such as they
are, ie., algo buy programs, etc.. ).
All this and now ‘whatever’ is too little and too late for the uss
Titanic which has taken on too much, not water, but b***s***. This was a
desperate move, bespeaking desperation.The fact is things are ominously so bad,
and worse than ‘allowed’ to be seen for the moment, that something as this QE
which is economically and financially contraindicated and a proven failure for
all but the frauds on wall street along with their cohorts including desperate
politicos, is resorted to in desperation to divert attention from their
unequivocal failure. After all, though having cost so many americans their jobs
with wrong calls and policies, bernanke is trying to save his own by inflating
the markets (along with everything else, ultimately hyperinflationary) for fellow failure wobama’s sake (wobama
rehired failure bernanke, President Romney would have fired, and will fire him
… goldman sachs knew this dollar debasing failed policy QE 3 would come and at
the expense of the muppets…that’s their term for all you suckers). I further
believe this contraindicated largess to the frauds on wall street is to
preserve his post fedship tenure job possibilities by ingratiating himself even
further with those nefarious, self-serving interest groups. }
Romney
Calls Obama Response: 'Disgraceful'...
Muslims
Attack US Embassies...
Mobs
with guns and rocket-propelled grenades...
FLASHBACK:
Hillary Clinton boast on Gaddafi: 'We came, we saw, he died'...
PROTEST:
$9 gallon for gas in NY and NJ...
Median
income lowest since 1995...
Lower
class grows...
Why
did Obama use N-word to describe his grandfather?
Suspected
Bank Robbers Toss Cash Out Window During Police Chase...
VIDEO... { A neighborhood nigger in response to a
reporter lauded the criminal acts of the armed niggers saying they brought cash
into the neighborhood where (other niggers) ‘people’ are hurting. Isn’t that
among the typical rationalizations that underlie every dastardly deed
perpetrated by the uncivilized niggers? The niggerized DOJ under holder/obama
similarly finds ways to rationalize not prosecuting as promised; ie., biggest
frauds on wall street, mfglobal/jon corzine, defense of and protection for
black panthers, etc.. How can people wonder why this nation’s crumbling? }
ROMNEY:
'Forwarned' is better than 'forward''... { Sampling some of the network talking head roundtables over the
weekend I was astounded how many wobamanoid apologists talked up the dismal,
paltry private jobs, many part-time or low-pay, without mention of the record
insurmountable $5 trillion increase in the deficit to create them for the
purpose of obfuscating wobama’s blatantly failed performance as potus. Such
people, either so partisan, so unschooled in the relevant disciplines, so
ill-prepared for the journalistic task entrusted to them, literally have no
defendable place in the field of real journalism and are an embarrassment to
all that journalism purports to be. }
DICK
MORRIS: Obama Thugs Rough Up GALLUP For Polls They Don't Like...
POLL:
O 49% R 45%... reuters/ipsos – the socialist/communist
pollsters…they have a lot at stake…look at their socialist europe and
left-leaning city bases. Their polls can’t change what already is!
DEMS
SOFT ON WALL STREET CRIMES...
FLASHBACK:
CARTER +4 OVER REAGAN IN SEPT 1980 [+8 IN OCT]...
FLASHBACK:
DUKAKIS +17 OVER BUSH AFTER DNC 1988...
DICK
MORRIS: Advantage Romney...
REPORT: GOV'T MOTORS LOSES $49,000 ON EACH CHEVY VOLT...
'The
Democrats' GM Fiction'...
Pentagon
buys hundreds to 'green up' military...
8.1%
+96,000
368,000
DROPPED OUT
88,921,000
'NOT IN LABOR FORCE'
Milbank:
Demigod falls to earth... { After four years of unbridled,
unfounded, blind faith in and defense of wobama the b for b***s***, it truly
makes my heart soar to see Mr. Milbank finally walk into the light! Indeed,
David Bowie (Nicholas Roeg’s ‘Man Who Fell to Earth’), wobama is not; not that
even David Bowie could have siphoned/drained the vote as did
grifter/conman/parasite obama. Yet, it cannot be denied that nobody, no news
organization, not even a government agency did their homework in vetting this
complete and utter fraud called ‘barack obama’! } ‘…After a
couple of nights at the Time Warner Cable Arena, the convention was to have
closed with President Obama’s acceptance speech at the Bank of America Stadium,
where convention officials were planning to squeeze nearly 6,000 seats onto the
field to expand the stadium’s capacity beyond its usual 74,000. But the
speedway event was canceled — ostensibly because of logistical problems but
more likely because convention
fundraising was running low. Then the Democrats canceled
the stadium event in favor of the smaller arena — ostensibly because of
“severe thunderstorm” concerns but more likely because they couldn’t be sure
enough people would come to fill the stadium.In fact, the forecast hadn’t
called for severe weather, and conditions were fine Thursday night. The change
caused thousands
to be turned away, and the crush of crowds at the arena led authorities at
one point to lock down the building for a second straight night – leaving some
delegates on the street while lobbyists enjoyed the proceedings inside…’
CLINT
SPEAKS: Obama 'greatest hoax ever perpetrated on American people'...
{ I think Clint is too kind in euphemistically referring to and characterizing
wobama as merely a hoax as opposed to the indisputable fraud, grifter, conman
that obama most certainly is! }
White
House to miss deadline for report on 'fiscal cliff' budget cuts...
O: I'M
NOT DONE YET { He’s done! }
NOONAN:
'Stale and empty... he is out of juice'...
OBAMA HAMMERED IN FIRST REVIEWS...
FROM
THE LEFT: TOMASKY: Pedestrian and Overconfident...
FROM
THE RIGHT: KRAUTHAMMER: 'One Of The Emptiest I Have Ever Heard'...
AP:
Obama and the phantom peace dividend...
'VOTE
BLACK'/‘VOTE NIGGER’ BUTTONS HIT
CONVENTION HALL...
WOODWARD:
White House so stunned by 2010 GOP triumph, it didn't even have Boehner's phone
number...
Drudgereport: UPDATE:
Obama gives himself an 'incomplete' grade... { Wow! The audacity! The unmitigated gall!
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. Did wobama expect that these things would in choom fashion magically
come to fruition while he was ‘workin on his tan’, golf swing, or shootin’
hoops on the taxpayer dime? http://albertpeia.com/wobamaschoomgangfantasy.htm
The point is that you don’t have to
love Romney but you at least have to like yourself in saying ‘NO!’ to more
wobama b***s*** which is all that he is. Have some self-respect. His grade is
unequivocally ‘F’ for failure, having failed to do as promised which
coincidentally is a direct cause among others of this debacle called america’s
dark obama years. All the talk/b***s*** cannot change that reality. }
Poll: R
48% O
44%
RASMUSSEN:
ROMNEY 47% OBAMA 44%...
GALLUP:
ROMNEY 47% OBAMA 46%...
Dem
Gov.: We're Not Better Off Now...
GALLUP:
Obama Job Approval Drops to 43%...
PROTESTERS
VOW BIGGER CROWDS IN CHARLOTTE...
'Occupy'
encampment re-opens near Dem convention...
DNC
security rules trigger free speech worries...
KING:
Obama presidency has been time of deep Dem decline...
Frustrated
union leader throws empty chair...
RECORD-HIGH
LABOR DAY GAS PRICES GREET DEMS IN CHARLOTTE...
RYAN:
President 'running campaign based on envy and division'...
GOP
launches 'Obama Isn't Working' message...
SUNDAY:
Dem Gov. -- We're Not Better Off Now...
MONDAY:
'We're Clearly Better Off'...
BIDEN:
'If It Weren't So Hot I'd Go Into Detail'...
Debt
to hit $16 trillion just as party gavel in convention...
Dems
to bus in black church members from SC...
ID
required to attend...
'GODFATHER'
TO CUT DNC TRIP SHORT...
Chicago
schools brace for strike...
Dems
Drop 'God' From Party Platform...
REUTERS
PHOTO DEPICTS HARRY IN HELLFIRE...
Endorse
taxpayer-funded abortions...
DNC
Video: 'The Government Is The Only Thing We All Belong To'...
ABCNEWSWASHPOST
POLL: Obama personal popularity fading...
Women Turning...
DEBT
TOPS $16T...
$136,249
Per Household...
FOOD
STAMP USE CLIMBS TO RECORD 46.7 MILLION...
Key
SOLYNDRA figure 'ran for exit' after seeing ABCNEWS cameras on DNC floor...
UPDATE:
Obama gives himself an 'incomplete' grade...
POLL:
Just 40% say he deserves second term...
POLL:
Less Than Half of Army Officers in Afghanistan Report High Morale...
Panicking
Spaniards Pull Out Cash, Leave Country...
Depression,
Suicides Rise as Euro Debt Crisis Intensifies...
MOODY'S
Changes Rating Outlook to 'Negative'...
COPS:
Mother Forces 10-Year-Old Boy To Rob House... { Shafique (black) and her son ran away but
Lynnwood police arrested her. They found a stolen laptop and crack cocaine. }
Gasoline
To Hit Labor Day Record Price...
University of Virginia Declines Obama Campaign Request...
EX-NFL
GREAT TO BLACKS: SAY NO TO OBAMA...
70%
of Obama's 19 million TWITTER followers fake...
CHICAGOLAND:
13 shot in 30-minute span...
FLASHBACK:
Obama -- 'Chicago Is Example of What Makes This Country Great' { Wow! Talk
about choom fantasy… unless you’re a fan of…Al Capone! } ...
FOXNEWS
POLL: Romney Pulls Into Lead...
Republicans eye return to gold standard...
Romney
Reiterates He Would Replace Bernanke...
Analysis:
Incomes Fall More Under Obama...
Big
Loss for Those Near Retirement...
USA
$20 trillion in debt by 2016...
FABER:
Odds of Global Recession Are 100%...
Texas Judge Preparing For 'Civil War' If Obama Re-Elected...
ROMNEY:
President 'Has Tried To Substitute Government For Free People'...
PAPER:
THE LEFT HAS BEEN TOO KIND TO OBAMA...
Postal
Worker's Vacation Halts Mail In Jersey City, NJ...
TINA FROWN! { Newsweek on wobama’s failed presidency –
Newsweek relevant! http://albertpeia.com/hittheroadborackanddontyoucomebacknomorenomorenomorenomore.htm }
GALLUP:
ROMNEY 47% OBAMA 45%
ROMNEY:
Time to Audit the Fed...
GAS
PRICES SET RECORD...
Poll:
Not better off now than in 2008...
SHOCK
POLL: Romney beats Obama in Chicago suburbs...
SPIKE
IN ARMED ROBBERIES, SAVAGE BEATINGS ON CAPITOL HILL...
Crime
jumps 64%...
NOONAN:
If Biden Were Republican, Topic Would Be 'How Stupid Is This Person?'
{ Well, in fairness, a distinction is carved out for Lobotomy Joe who really
did have part of his brain surgically removed! } FACEBOOK
FALLS TO HALF OF PUBLIC OFFERING PRICE...
No
Horses, But Detroit Water Department Employs 'Horseshoer'...
BOOK:
Obamacare designed to unionize 21 million health care workers...
Increases
costs of hip, knee replacements...
O STICKING
WITH LOBOTOMY JOE!
ROMNEY, RYAN
PREPARE FOR ASSAULT ON OBAMA'S SPENDING...
U.S. Foreign
Debt Hits Another Record...
Democrats'
nerves start to show...
VA BAKER
SAYS NO TO BIDEN STOP...
Secret
Service buys cupcakes as thanks...
Customers flock in...
'OBAMA CAN
KISS OUR A**'...
HOW LOW WILL
IT GO? FACEBOOK STOCK PLUNGES...
Has lost
half of value...
JULY
DEADLIEST MONTH OF 2012 FOR TROOPS...
ARMY
SUICIDES SET RECORD...
FBI: Federal
court clerk sold secret info to L.A. gangsters...
New Jersey
unemployment rate at 9.8%, highest since 1977...
REPORT: GM's
European failure will prompt second Obama bailout...
CHICAGOLAND:
City Worker Caught Stealing 500 Feet Of Copper -- Off
Midway Airport Runway!
Ecuador
grants WIKILEAKS founder asylum...
40 police
surround embassy...
U.S. denies
pushing arrest...
Obama
defends Biden on 'chains' comment...
HE DID IT
AGAIN: LIVING IN WRONG CENTURY!
REPORT:
Obama has 22 days to drop Biden from ticket...
VIDEO: Biden
Refers to Ryan as 'Governor'...
Now Social
Security Administration To Purchase 174 Thousand Rounds Of Bullets!
Hypersonic
aircraft crashes seconds into military test flight...
Thousands of Federal Retirees Get
Six-Figure Pensions...
CHICAGOLAND:
50,000 line up for Obama amnesty program...
Labor Dept.
Attempts to Stop Layoffs by Giving $100 Million to States, Subsidize
Payrolls...
VIDEO: Biden
Imitates Sign Language Lady… [ I’m quite serious when I say lobotomy joe biden
had part of his brain removed… he literally had part of his brain surgically
removed…his nonsensical outbursts are symptomatic of lobotomies generally…] ...
Wonderment
Whether Biden Has 'Mental Capacity' for Presidency...
VP says 'We
can win North Carolina' -- while campaigning in Virginia...
REPORT: Ill.
state workers forced to attend Pelosi, Jesse Jackson Jr. event on taxpayer
dime...
Buchanan:
'Obama has steadily diminished both himself and the office he holds'...
Campaign
admits knowing story behind flawed PAC attack ad...
UPDATE:
Postal Service Posts Big Loss as Cash Runs Low...
UPDATE:
Jesse Jackson Jr. being treated for bipolar disorder... { Mayo Clinic: Jackson has bipolar depression }
SPIRITS
SPEAK TO PELOSI ( Riiiiight! And they keep telling her… ‘bankrupt
america…bankrupt america…bankrupt america’….she believes them, tries her best
to comply, and follows their advice!
Meanwhile, by way of séance, hillary getting the message…’more world
strife…more world strife…more world strife…’ and she’s complying! Not to be
left out of democratic party stratagems, wobama’s been seen sticking pins into
a doll that bears an uncanny resemblance to President Romney… If only they had
a real strategy and knew what they were doing! ) ...
Over
100M in America on Federal Welfare...
Gingrich
Warns: Obama 'direct threat' to my grandchildren's future...
BOOK: Blago
claimed $25,000 channeled to Obama...
Nearly half
of long-term U.S. immigrants are on welfare...
$5.2b in
fraudulent tax refunds to immigrants...
OBAMA (who
plays his 104th round of golf as potus) POPULARITY SOARS -- IN
NIGGERTOWN DC!
Plays 104th
round of golf (as nation flounders)...
HARRY REID
HELPS CHINESE SOLAR FIRM REPRESENTED -- BY HIS SON!
PAPER: It's
time to fight back against Dirty Harry...
Wife: Rep.
Jesse Jackson Jr. getting treatment but 'still very depressed'...
Ethics
investigation continues...
BIASED MEDIA
BASH: 86% of Romney coverage NEGATIVE... { Friday
Humor: (obama last campaign) "I Am Pledging To Cut The Deficit We
Inherited By Half By The End Of My First Term In Office" ZeroHedge.com Wow!
The only explanation might be they’ve been duped by wobama along with
the rest of the nation and are too embarrassed for not doing their reasonably
expected due diligence on grifter obama and just won’t own up to the reality of
the fraud called wobama! Wobama the b for b***s*** speaks … on the prior
pre-election campaign trail ( 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’ … ) 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…’] }
Boehner:
Obama has 'never even had a real job, for God's sake'...
O BRINGS
BACK TELEPROMPTER...
REPORT:
Warnings ignored in Solyndra loan...
STOCK
IMPLOSION HITS CA TAX REVENUES...
San Bernardino
files for bankruptcy...
Vacant
Detroit becomes dumping ground for the dead...
House urges
Obama to fight UN web regulation...
COPS:
Teen Stabs Man 22 Times After Online Xbox Chat Turns Sour...
REPORT:
White House scrambles to prevent defense cut pinkslips before election...
Chicago:
'The Deadliest Global City'...
POLL: ROMNEY
PULLS TO 5 POINT LEAD...
Court Finds
Obama Appointees Interfered with New Black Panther Prosecution...
UPDATE:
Jesse Jackson Jr. at Mayo Clinic for depression...
REPORT:
Obama's 'You didn't build that' gaffe won't bring back teleprompter...
Gorilla in
zoo hangs himself...
CAMPAIGN
RATTLED...
Barack Obama
Sr: 'Nothing Stopping Gov't From Taxing 100% Of Income'...
POLL: Less
than half of voters think president is Christian...
ROMNEY MOVES INTO LEAD AT GALLUP,
RASMUSSEN...
USATODAYGALLUP
POLL: Romney preferred over Obama to handle economy...
It's
Official: 5 Straight Years of $1 Trillion Deficits!
OBAMA
CAMPAIGN RUNS DEFICIT IN JUNE...
Spent $2.6
million -- on polling?
Paid $93k
for Half-Empty Stadium Kick-Off Event...
US poverty
on track to rise to highest since 1960s...
CHICAGOLAND
COPS: Teens kill man in 'knock 'em down' game...
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...
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 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 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...
Miami Heat
Players Don Hoodies...
'Dead or
Alive' Poster Issued by New Black Panther Party... [ ‘Minority
Report’ Division of Pre-Crime, Pre-Cogs say, ‘Dead or Alive – all niggers’ …
whatever the outcome in the investigative process, the stark reality is that at
least, unlike the niggers committing many more ‘black on white’ violent
crimes, Zimmerman (and this is no
endorsement – I won’t be looking at this one incident all that closely) was at
least trying to do a good thing made necessary by the ever increasing number of
brutal crimes committed by the black thugs in neighborhoods across the nation;
then there’s somalian pirates, etc.. People domestically and internationally
are suffering from nigger-fatigue and are totally niggered out. Oh, yeah, there
are some Hollywood types who feel good about themselves having niggers around
and helping niggers to help them feel better than they really are, insecure as
they are, by being better than at least someone beyond fantasy. Loony george
clooney is one. Dreadfully boring and with that monotone, monotonous voice and
not that bright, he’s not even able to fake it on screen as an action hero
(ie., batman, what a horrific miscast) wimpy pussy in reality that he is; then
there’s the ‘black (sean) penn’ who cried like a baby while incarcerated for a
couple of days not that long ago. The atheist jolie, so fatherly troubled as
she is, has let the equally mentally troubled pitt (she so nutty she makes him
feel somewhat sane though still not too bright) and pendulum ‘backwoods bob’ be
the closest she’s gotten to her black projects. Let them live anonomously (in
disguise) with the niggers for some time for a real close look and then see
what’s left of their predisposed love for the nigger. Then there’s the italian
scallion, booby deniro; drug addled as his black wife high-tower, what a total
embarrassment to Italians everywhere; even as he tried to ingratiate himself
recently with niggers everywhere and particularly national embarrassment mammy
michele with the embarrassing pro-nigger first lady remark.. [ Send the niggers back to sub-saharan
Africa! ]
'BLACK
NIGGERS [ NOT WHITES BY NIGGERS THE IMPLICATION DESPITE FACTUAL DATA TO THE
CONTRARY ] ARE UNDER ATTACK [ SAYS
NIGGER SHAKEDOWN ARTIST JACKSON] ' [ Hold on one cotton-pickin’
minute jesse, that’s not what the facts say Obama: ‘If I had a son, he’d look like Trayvon.’ [ Yeah! He’d
look just like any other nigger. And, don’t worry about the black vote, failed
president wobama the b for b***s*** will get nearly if not all, 100% of the
nigger vote! Drudgereport: Farrakhan
Threatens 'Retaliation'… [ Retaliation? Can you imagine the number of blacks
that would have to be retaliated against based upon the hushed reality of the
prevalence of black on white crime? The blacks should be careful what they wish
for in playing that game because the facts don’t break in their favor. ] ...
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.
http://www.albertpeia.com/whitesvictimizedbyblacks.htm
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
What in the World Has Happened to the
FBI/DOJ?
http://albertpeia.com/fbinazibikersbustfbinazibikers2.htm
We're
Entering Another Economic Collapse... Right As Inflation Hits LIft Off! Phoenix Capital
Research 9-21-12 http://albertpeia.com/economiccollapseplusrisinginflation.htm , 21
Facts About America's Decaying Infrastructure That Will Blow Your Mind http://theeconomiccollapseblog.com http://albertpeia.com/21factsamericasdecayinginfrastructure.htm , 100 DAYS UNTIL LARGEST TAX
HIKES IN HISTORY... http://albertpeia.com/taxmaggedon.htm
, Dumb money sees a rally, so gird for a dip
Gold
And Silver Trump US Equities In Q3 And Year-To-Date , Will
Nasdaq Be The Next Casualty Of The SEC's Anti-Latency Arbitrage Push? Back in 2009
Zero Hedge was first the only, and shortly thereafter, one of very few
non-conformist voices objecting to pervasive high frequency trading and
other type of quantitative market manipulation in the form of Flash Trading (which
has recently reemerged in yet another form of frontrunning known as "Hide
not Slide" practices) quote stuffing, and naturally latency arbitrage:
one of the most subversive means to rob the less than sophisticated investor
blind, due to an illegal coordination between market markers, exchanges and
regulators, which effectively encouraged a two-tier market (one for the ultra
fast frontrunning professionals, and one for everyone else). A week ago we were
amused to see that the SEC
charged the NYSE with a wristslap, one for $5 million dollars and where the
NYSE naturally neither admitted nor denied guilt, accusing it of doing
precisely what we said it, and all others, had been doing for years: namely getting paid by wealthy traders, those using the prop data feed
OpenBook Ultra and other paid systems, to create and perpetuate a two-tiered
market, all the while the regulator, i.e., the SEC was paid to look the other
way. This action was nothing but a desperate, and futile,
attempt to regain some investor confidence in the market. It has failed, and
since said "enforcement" action has done nothing to restore
confidence, expect to see more exchanges slapped with fines for actively
perpetuating latency arbitrage opportunities for "some" clients.
Well, since the SEC will be desperate to come up with more means of
"restoring credibility" of both the market and its regulator, another
exchange it may want to look at is the NASDAQ, which as Nanex demonstrates, may
well have been engaging in comparable (most likely not pro-bono) latency
arbitrage benefiting some: those paying for its direct feed aka TotalView, and
thus not harming others, or those relying on the Consolidated Feed (UQDF) for
data dissemination.
On
Santelli's Queasiness About Bernanke's Quantitative-Easiness Between CNBC's
Rick Santelli and PIMCO's Mohammed El-Erian, this brief clip succinctly sums up
the 'less than ideal' reality of Bernanke's all-in bet and how the world is
trying to 'trade' it. Santelli analogizes: "Visualize the biggest fire hose in the world, 20 miles away from
a little Geranium plant? Now this hose is going and going and going, and
ultimately, that Geranium plant gets a little bit of water but everything
around it and leading up to it for miles around is just underwater. That's QE,
in my opinion." To which El-Erian retorts: "at what point
do you tell investors stop focusing on the benefits and make the collateral
damage the investment theme?" It seems, given gold's outperformance,
that this is exactly what is occurring as the hose-pipe's flood spills out
everywhere.
Art
Cashin And Dick Fisher Expose The Farce That America's Corrupt And Bought
Congress Has Become Dick Fisher speaks: "Just recently, in a hearing
before the Senate, your senator and my Harvard classmate, Chuck Schumer, told
Chairman Bernanke, “You are the only game in town.” I
thought the chairman showed admirable restraint in his response. I would have
immediately answered, “No, senator, you and your colleagues are the only game
in town. For you and your colleagues, Democrat and
Republican alike, have
encumbered our nation with debt, sold our children down the river and sorely
failed our nation. Sober up. Get your act together. Illegitimum
non carborundum; get on with it. Sacrifice your political ambition for the
good of our country—for the good of our children and grandchildren. For
unless you do so, all the monetary policy accommodation the Federal Reserve can
muster will be for naught.”"
Presenting:
President Inflation …regarding
wobama/bernanke QE/currency debasement… It seems implicitly that Meyer Rothschild's famous
quote: "Let me control a peoples'
currency and I care not who makes their laws" has never
been more true. Or perhaps, the odds can be gamed to become
self-confirming (just as with HFT in stocks) - especially given the volume
surge?
Romney releases 2011 tax return, paid IRS 14.1 percent {
Average for americans is 13% … let’s talk about wobama’s record … of
unequivocal failure … the real, ineluctable and ultimate issue he’s been trying
to divert attention from … People must realize 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
(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 now greater than ) $211 trillion’ … ) }
President Obama Falsely Claims Fast and Furious Program "Begun
Under the Previous Administration"
Obama's
Legacy: A Failed Recovery & Double-Dip Recession Forbes / Mariotti ‘…At some point, his statute of
limitations on blaming Bush runs out…’
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!
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 jackson, jr., suffers from psychological disorder(s).
Indeed, at the least, from psychogenic/dissociative amnesia that makes the
aforementioned facts beyond the grasp of his ‘current unreality’. I also
believe that his heavy near everyday powerful pot (choom) use took its toll on
his cognitive functions that have facilitated his outlandish claims and
outright fabrications; exactly what the nation cannot afford in these
critical/perilous times! }
Obama Blames GOP for Inability to Pass Immigration Reform {
Riiiiight! Along with all wobama’s other broken campaign promises, some within
his executive branch exclusive control, ie., those promised prosecutions of the
biggest wall street frauds that never came, etc.. Always somebody else’s fault
according to wobama the no accountability man, who motto is the debased buck
stops with anyone but him. How pathetic! }
84
Statistics That Prove The Decline Of The Middle Class Is Real And That It Is
Getting Worse
http://albertpeia.com/84statsdeclinemidclassrealgettingworse.htm
IT’S
OFFICIAL: It’s Been Announced That ‘Currency Wars’ Are Back On
Business Insider |
Brazilian Finance Minister Mantega has just blasted the Fed’s QE3
policy for setting off “Currency Wars”.
Have
the Last 5 Years Been Worse than the Great Depression?
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/economiccollapseplusrisinginflation.htm
http://albertpeia.com/21factsamericasdecayinginfrastructure.htm
9-21-12
GALLUP
FRIDAY: O 47% R 47%...
DICK
MORRIS: Why The Polls Understate Romney Vote...
Romney
Releases 2011 Tax Returns; Paid $1.9 Million on $13.7 in Income...
...donated $4,020,772 to charity
Voluntarily
paid more than required...
Harry
Reid avoids prior claims...
'TIME
TO SHOW YOURS, HARRY'
Zuckerman:
Obama Campaign 'Divisive and Dishonest'...
POLL:
Distrust in Media Hits New High...
Biden
on college cheerleaders: 'The stuff they do on hard wood, it blows my
(lobotomized) mind'...
WHITE
HOUSE STORY ON LIBYA FALLS APART...
100
DAYS UNTIL LARGEST TAX HIKES IN HISTORY... http://albertpeia.com/taxmaggedon.htm
FIRST SERIOUS INTERVIEW: O
PRESSED ON FAILURES BY UNIVISION
Romney: Obama's New Slogan
'No, I Can't'...
GALLUP: O 47% R 47%...
Median Income In OH Hits
27-Year Low...
Obama still blames video for
Libya attack?
Ramos Rips
Away...
'YOU DID NOT KEEP YOUR
PROMISE'...
Shouldn't you 'fire' Eric
Holder?
Student asks president for
advice -- on how to find a job!
PAPER: 'THE OBAMA YOU DON'T
KNOW'...‘…But beyond the spin and the polls, a
starkly different picture emerges. It is a portrait of a man quite unlike his
image, not a visionary reformer but rather a classic Chicago machine pol who
thrives on rewarding himself and his friends with the spoils of public office,
and who uses his position to punish his enemies. Peter Schweizer captures this
other Obama with a bracing statistic in his book "Throw Them All
Out," published last year. In the Obama economic stimulus program's
Department of Energy loans, companies owned and run by Obama contributors and
friends, like Solyndra's George Kaiser, received $16.4 billion. Those not
linked to the president got only $4.1 billion. The Energy Department is far
from the only federal program in which favoritism has heavily influenced
federal grants. To paraphrase Tammany Hall's George Washington Plunkitt, Obama
has seen his opportunities and taken them, over and over. -
Mark Tapscott / Executive Editor’
Republican senators decry
'useless, worthless' Clinton briefing...
Lewinsky set to reveal Bill
Clinton's sex secrets in tell-all book...
'Worst nightmare'...
OBAMACARE TAX TO HIT 6 MILLION
MOSTLY MIDDLE CLASS
RASMUSSEN SWING STATES: R
47% O 46%...
POLL
CONFIRMS ROMNEY: OBAMA HAS 47%... { Yes…and the really tragically
sad part of that reality for america is that it’s a strategy of theirs, making
americans dependant on the government (for food, protection from bogus,
self-created/induced bogey men/terror, protection from warranted prosecution as
with the largest frauds on wall street, corzine et als, mf global etc.); and
not just the poor; viz., ie., the frauds on wall street and their
contraindicated QE entitlement along with protection from prosecution for their
huge frauds, etc… }
Tax
Compliance for Obamacare: 80 Million Hours...
O: 'I
ACTUALLY BELIEVE IN REDISTRIBUTION'
Analyst:
Fed's 'QE-Infinity' Will Push Gold Up to $2,400...
Mortgage
Lending Slides to 16-Year Low...
WSJ:
The Data Behind Romney's Comments...
REPORT:
Median Income Worse Now Than During 'Great Recession'...
'Unprecedented'
Jump in Food Stamps...
8,786,049:
Yet Another Record for Americans Collecting Disability...
16 people working for each person collecting..
US
credit rating downgraded -- again...
PUMPING
BLAMED...
CASH
FOR BANKERS: Fed risks political fallout...
Faber:
If I Were Bernanke, I Would Resign... { Yeah…but you’re not ‘The
Rain Man’ … he’s comfortable there … He’s not insane according to Einstein’s
definition; viz., doing the same thing over and over and expecting a different
result … He’s just … ‘The Rain Man’ (Doesn’t burnt out bernanke remind you
somewhat of Dustin Hoffman in portraying the character of the same name/film?
If only he could count like ‘The Rain Man’.) }
Gas
Prices More than Double Under Obama: $1.84 to $3.85...
Kids
Question Michelle: Where Will They Move When President Loses?
'FULL-BLOWN
CRISIS'
ELECTION MANIPULATION: NEW PUMPING BEGINS!! { This is an especially great opportunity to sell
this suckers’ market/take profits! Nothing’s been solved! Just because
‘no-recession-helicopter-ben’ says something, does not mean it’s true (remember
that ‘no recession call’ of his; and, of course, no QE before the election,
prospectively, already discounted many times over by the ‘markets, such as they
are, ie., algo buy programs, etc.. ).
All this and now ‘whatever’ is too little and too late for the uss
Titanic which has taken on too much, not water, but b***s***. This was a
desperate move, bespeaking desperation.The fact is things are ominously so bad,
and worse than ‘allowed’ to be seen for the moment, that something as this QE
which is economically and financially contraindicated and a proven failure for
all but the frauds on wall street along with their cohorts including desperate
politicos, is resorted to in desperation to divert attention from their
unequivocal failure. After all, though having cost so many americans their jobs
with wrong calls and policies, bernanke is trying to save his own by inflating
the markets (along with everything else, ultimately hyperinflationary) for fellow failure wobama’s sake (wobama
rehired failure bernanke, President Romney would have fired, and will fire him
… goldman sachs knew this dollar debasing failed policy QE 3 would come and at
the expense of the muppets…that’s their term for all you suckers). I further
believe this contraindicated largess to the frauds on wall street is to
preserve his post fedship tenure job possibilities by ingratiating himself even
further with those nefarious, self-serving interest groups. }
Is
America The Most Materialistic Society In The History Of The World? http://albertpeia.com/americanmaterialism.htm
{ When it comes to american fortunes especially; particularly, ie., fraudulent
wall street-made fortunes, though there are otherwise some exceptions, that old
adage displayed at the beginning of one of Francis Ford Coppola’s masterfully
done mafia movies, viz., ‘Behind every fortune a crime’, is apposite. } , The richest and poorest U.S. cities by income http://albertpeia.com/25uscitiesbyincome.htm , 10
Quotes From Financial Experts About The Effect That QE3 Will Have On Gold And
Silver http://albertpeia.com/10quotesfromfinancialexpertsreqe.htm
, Forget About QE… I’m Worried
About UC September 20, 2012 http://gainspainscapital.com http://albertpeia.com/qeconsequences.htm
‘…Inflation is back in a big way. It’s not going to
show up in the official numbers, but if you’ve paid for gas or food or
healthcare recently, you’ve no doubt noticed that: A) Things are a
lot more expensive B) You get way less bang for your buck (food
packages are shrinking while prices remain the same) This has been the case for
some time now. However, the Fed’s QE 3 program, combined with the ECB’s OMT
program, (both of which are “open ended” or “unlimited” in scope), have taken
things to a whole new level. Which is why we need to be concerned not
with QE, but with UC:
Unintended Consequences. The Fed is largely
composed of academics with little if any professional/ banking experience.
These are people who use flawed data (case in point, the inflation measures in
the US are a joke) to build models that they believe explain how reality
works…’
10
Quotes From Financial Experts About The Effect That QE3 Will Have On Gold And
Silver
Michael Snyder | Do you want to know what QE3 is
going to do to the price of gold and the price of silver?
http://albertpeia.com/10quotesfromfinancialexpertsreqe.htm
http://theeconomiccollapseblog.com
http://albertpeia.com/americanmaterialism.htm
{ When it
comes to american fortunes especially; particularly, ie., fraudulent wall
street-made fortunes, though otherwise with some exceptions, that old adage
displayed at the beginning of one of Francis Ford Coppola’s masterfully done
mafia movies, viz., ‘Behind every fortune a crime’, is apposite. }
http://albertpeia.com/qeconsequences.htm
‘Let’s just be blunt here.
Inflation is back in a big way. It’s
not going to show up in the official numbers, but if you’ve
paid for gas or food or healthcare recently, you’ve no doubt noticed that:
A) Things are a lot more
expensive
B) You get way less bang for
your buck (food packages are shrinking while prices remain the same)
This has been the case for some time now.
However, the Fed’s QE 3 program, combined with the ECB’s
OMT program, (both of which are “open ended” or “unlimited”
in scope), have taken things to a whole new level.
Which is why we need to be concerned not
with QE, but with UC:
Unintended Consequences.
The Fed is largely composed of academics
with little if any professional/ banking experience. These are people who use
flawed data (case in point, the inflation measures in the US are a joke) to
build models
that they believe explain how reality works.
Setting aside the math and intelligence
used to build these models, pure common sense begs the question, “how
can someone who’s never worked in the real world, build a
model to explain reality?”
The simple fact is that they can’t… which is why
the Fed’s policies have and will continue to unleash a
slew of Unintended Consequences.
For instance, QE 2, which saw the Fed
spending $600 billion, pushed food prices to record highs, kicking off a wave
of riots and civil unrest throughout the Middle East.
So what will QE 3 bring?
The short answer is: nothing pretty.
Gas and food prices were already high before the Fed
announced QE 3. They will be going much higher in the future (Oil is currently
falling based on Saudi Arabia working with the US Government to suppress
prices).
Higher inflation means higher
operating costs for corporations. Corporate managers (folks with real world
experience) will adjust accordingly, most likely by firing people.
Which pushes unemployment even higher.
This is just one example of the slew of
Unintended Consequences we’re going to be facing as a result of the
Fed’s
actions. I’ve detailed several more (all of them far
worse than this) in my latest issue of Private Wealth Advisory,
published just last night…’
9-20-12 FIRST SERIOUS INTERVIEW: O
PRESSED ON FAILURES BY UNIVISION
Romney: Obama's New Slogan
'No, I Can't'...
GALLUP: O 47% R 47%...
Median Income In OH Hits
27-Year Low...
US EMBASSY IN PAKISTAN UNDER
SIEGE...
IRAN: Hundreds chant 'Death
to France,' 'Down with the U.S.'...
IRAQ: PM
condemns U.S. over YOUTUBE anti-Islam film...
INDONESIA: U.S.
consulate shut for second day amid protests...
AFGHANISTAN:
Hundreds chant anti-American slogans...
Obama still blames video for
Libya attack?
Ramos Rips
Away...
'YOU DID NOT KEEP YOUR
PROMISE'...
Shouldn't you 'fire' Eric
Holder?
Student asks president for
advice -- on how to find a job!
PAPER: 'THE OBAMA YOU DON'T
KNOW'...‘…But beyond the spin and the polls, a
starkly different picture emerges. It is a portrait of a man quite unlike his
image, not a visionary reformer but rather a classic Chicago machine pol who
thrives on rewarding himself and his friends with the spoils of public office,
and who uses his position to punish his enemies. Peter Schweizer captures this
other Obama with a bracing statistic in his book "Throw Them All
Out," published last year. In the Obama economic stimulus program's
Department of Energy loans, companies owned and run by Obama contributors and
friends, like Solyndra's George Kaiser, received $16.4 billion. Those not
linked to the president got only $4.1 billion. The Energy Department is far
from the only federal program in which favoritism has heavily influenced
federal grants. To paraphrase Tammany Hall's George Washington Plunkitt, Obama
has seen his opportunities and taken them, over and over. -
Mark Tapscott / Executive Editor’
Republican senators decry
'useless, worthless' Clinton briefing...
Lewinsky set to reveal Bill
Clinton's sex secrets in tell-all book...
'Worst nightmare'...
OBAMACARE TAX TO HIT 6 MILLION
MOSTLY MIDDLE CLASS
RASMUSSEN SWING STATES: R
47% O 46%...
POLL
CONFIRMS ROMNEY: OBAMA HAS 47%... { Yes…and the really tragically
sad part of that reality for america is that it’s a strategy of theirs, making
americans dependant on the government (for food, protection from bogus,
self-created/induced bogey men/terror, protection from warranted prosecution as
with the largest frauds on wall street, corzine et als, mf global etc.); and
not just the poor; viz., ie., the frauds on wall street and their contraindicated
QE entitlement along with protection from prosecution for their huge frauds,
etc… }
Tax
Compliance for Obamacare: 80 Million Hours...
O: 'I
ACTUALLY BELIEVE IN REDISTRIBUTION'
Analyst:
Fed's 'QE-Infinity' Will Push Gold Up to $2,400...
Mortgage
Lending Slides to 16-Year Low...
WSJ:
The Data Behind Romney's Comments...
REPORT:
Median Income Worse Now Than During 'Great Recession'...
'Unprecedented'
Jump in Food Stamps...
8,786,049:
Yet Another Record for Americans Collecting Disability...
16 people working for each person collecting..
US
credit rating downgraded -- again...
PUMPING
BLAMED...
CASH
FOR BANKERS: Fed risks political fallout...
Faber:
If I Were Bernanke, I Would Resign... { Yeah…but you’re not ‘The
Rain Man’ … he’s comfortable there … He’s not insane according to Einstein’s
definition; viz., doing the same thing over and over and expecting a different
result … He’s just … ‘The Rain Man’ (Doesn’t burnt out bernanke remind you
somewhat of Dustin Hoffman in portraying the character of the same name/film?
If only he could count like ‘The Rain Man’.) }
Gas
Prices More than Double Under Obama: $1.84 to $3.85...
Kids
Question Michelle: Where Will They Move When President Loses?
'FULL-BLOWN
CRISIS'
ELECTION MANIPULATION: NEW PUMPING BEGINS!! { This is an especially great opportunity to sell
this suckers’ market/take profits! Nothing’s been solved! Just because
‘no-recession-helicopter-ben’ says something, does not mean it’s true (remember
that ‘no recession call’ of his; and, of course, no QE before the election,
prospectively, already discounted many times over by the ‘markets, such as they
are, ie., algo buy programs, etc.. ).
All this and now ‘whatever’ is too little and too late for the uss
Titanic which has taken on too much, not water, but b***s***. This was a
desperate move, bespeaking desperation.The fact is things are ominously so bad,
and worse than ‘allowed’ to be seen for the moment, that something as this QE
which is economically and financially contraindicated and a proven failure for
all but the frauds on wall street along with their cohorts including desperate
politicos, is resorted to in desperation to divert attention from their
unequivocal failure. After all, though having cost so many americans their jobs
with wrong calls and policies, bernanke is trying to save his own by inflating
the markets (along with everything else, ultimately hyperinflationary) for fellow failure wobama’s sake (wobama
rehired failure bernanke, President Romney would have fired, and will fire him
… goldman sachs knew this dollar debasing failed policy QE 3 would come and at
the expense of the muppets…that’s their term for all you suckers). I further
believe this contraindicated largess to the frauds on wall street is to
preserve his post fedship tenure job possibilities by ingratiating himself even
further with those nefarious, self-serving interest groups. }
Drudgereport: 9-19-12
OBAMACARE TAX TO HIT 6 MILLION
MOSTLY MIDDLE CLASS
RASMUSSEN
SWING STATES: R 47% O 46%...
wobama
doesn't remember how much national debt is...
'I
ACTUALLY BELIEVE IN REDISTRIBUTION'...
ROMNEY:
'We believe in free people and free enterprise, not redistribution'...
'I'll
deliver recovery, not dependency'...
Deputy
takes fall in 'Fast and Furious' probe...
NATO
pullback heightens doubts about Afghan plan...
Decision
'shatters implausible claims of progress'...
Another
day, another disaster...
Mich
SecState: 4,000 noncitizens on voter rolls...
FRANCE
TO CLOSE 20 EMBASSIES IN FEAR OF CARTOON BACKLASH
French
mag runs drawing of Mohammad naked; riot police stand guard...
Report: 4 injured in Paris explosion at kosher store...
GALLUP:
O 47% R 46%...
POLL
CONFIRMS ROMNEY: OBAMA HAS 47%... { Yes…and the really tragically
sad part of that reality for america is that it’s a strategy of theirs, making
americans dependant on the government (for food, protection from bogus,
self-created/induced bogey men/terror, protection from warranted prosecution as
with the largest frauds on wall street, corzine et als, mf global etc.); and
not just the poor; viz., ie., the frauds on wall street and their contraindicated
QE entitlement along with protection from prosecution for their huge frauds,
etc… }
Tax
Compliance for Obamacare: 80 Million Hours...
O: 'I
ACTUALLY BELIEVE IN REDISTRIBUTION'
Analyst:
Fed's 'QE-Infinity' Will Push Gold Up to $2,400...
Mortgage
Lending Slides to 16-Year Low...
WSJ:
The Data Behind Romney's Comments...
REPORT:
Median Income Worse Now Than During 'Great Recession'...
'Unprecedented'
Jump in Food Stamps...
8,786,049:
Yet Another Record for Americans Collecting Disability...
16 people working for each person collecting..
US
credit rating downgraded -- again...
PUMPING
BLAMED...
CASH
FOR BANKERS: Fed risks political fallout...
Faber:
If I Were Bernanke, I Would Resign... { Yeah…but you’re not ‘The
Rain Man’ … he’s comfortable there … He’s not insane according to Einstein’s
definition; viz., doing the same thing over and over and expecting a different
result … He’s just … ‘The Rain Man’ (Doesn’t burnt out bernanke remind you
somewhat of Dustin Hoffman in portraying the character of the same name/film?
If only he could count like ‘The Rain Man’.) }
Gas
Prices More than Double Under Obama: $1.84 to $3.85...
Kids
Question Michelle: Where Will They Move When President Loses?
'FULL-BLOWN
CRISIS'
ELECTION MANIPULATION: NEW PUMPING BEGINS!! { This is an especially great opportunity to sell
this suckers’ market/take profits! Nothing’s been solved! Just because
‘no-recession-helicopter-ben’ says something, does not mean it’s true (remember
that ‘no recession call’ of his; and, of course, no QE before the election, prospectively,
already discounted many times over by the ‘markets, such as they are, ie., algo
buy programs, etc.. ). All this and now
‘whatever’ is too little and too late for the uss Titanic which has taken on
too much, not water, but b***s***. This was a desperate move, bespeaking
desperation.The fact is things are ominously so bad, and worse than ‘allowed’
to be seen for the moment, that something as this QE which is economically and
financially contraindicated and a proven failure for all but the frauds on wall
street along with their cohorts including desperate politicos, is resorted to
in desperation to divert attention from their unequivocal failure. After all,
though having cost so many americans their jobs with wrong calls and policies,
bernanke is trying to save his own by inflating the markets (along with
everything else, ultimately hyperinflationary)
for fellow failure wobama’s sake (wobama rehired failure bernanke,
President Romney would have fired, and will fire him … goldman sachs knew this
dollar debasing failed policy QE 3 would come and at the expense of the
muppets…that’s their term for all you suckers). I further believe this
contraindicated largess to the frauds on wall street is to preserve his post
fedship tenure job possibilities by ingratiating himself even further with
those nefarious, self-serving interest groups. }
It’s Time to Air Out
Ben Bernanke’s Dirty Laundry http://albertpeia.com/rainmanhelicopterbensdirtylaundry.htm , What
Mitt Romney Also Said: A Glimpse Of The Endgame? ZeroHedge.com http://albertpeia.com/mittalsosaid.htm , 'Krugman's
Kryptonite' Pedro Schwartz On Creating Money Out Of Thin Air "A
serious inflationary disaster will only be prevented if governments succeed in
reducing their deficits and stop selling bonds"
Norfolk
Southern, Adobe Cut Outlook , South
African Violence Returns As All Miners Demand Pay Hike , Sentiment
Nearing Record Bullishness While we
are bombarded with talking heads telling us that there is
money-on-the-sidelines and everyone is so bearish with the market climbing a
wall of worry, the reality - as we see across multiple asset classes - is that
investors are overweight risk assets (e.g. credit investors overweight IG and
HY and mutual fund cash at record lows), near-extreme levels of bullishness (AAII and Put-Call Ratios), near
extreme levels of non-bearishness (AAII), and yet credit investors believe
markets are overvalued (though still buying) even as IG and HY bonds are seeing
near-record highs in advance-decline.
, Gundlach
Is Not A Fan Of Socialism, Thinks Apple Is "Over-Bought" "the obsession with Apple is a truly remarkable social phenomenon - the
stock is over-believed and over-bought. There is NO exit for the Fed, QE3
will be ineffective, and it is more
likely that the Fed buys all the Treasury bonds that exist." , Guest
Post: The Inevitable Decline Of Retail
, Prepare
For A 15% Food Price Surge, Rabobank Warns
The record US, and global, drought has come and gone but its
aftereffects are only now going to be felt, at least according to a new
Rabobank report, which asserts that food prices are about to soar by 15% or
more following mass slaughter of farm animals which will cripple supply once
the current inventory of meat is exhausted. From Sky
News: "The worst drought in the US for almost a century, combined with
droughts in South America and Russia, have hit the production of crops used in
animal feed - such as corn and soybeans - especially hard, the report said. As a result farmers have begun slaughtering more pigs and cattle,
temporarily increasing the meat supply - but causing a steep rise in the price
of meat in the long-term as production slows.
"Farmers producing meat are simply not making enough money at the moment
because of the high cost of feed," Nick Higgins, commodity analyst at
Rabobank, told Sky News. "As a result they will reduce their stock - both
by slaughtering more animals and by not replacing them." Somewhat
ironically. food prices are now being kept at depressed prices as the
"slaughtered" stock clears the market. However once that is gone look
for various food-related prices to soar: a process which will likely take place
in early 2013, just in time to add to the shock from the Fiscal Cliff, which
even assuming a compromise, will detract from the spending capacity of US (and
by implication global) consumers.
, Guest
Post: The Trouble With Printing Money
, ECB
Debasement Is Akin To Work Of Devil – Risk Of “Rapid
Currency Depreciation” , August
Housing Starts Less Than Expected, Rise From Downward Revised Print , JPY10
Trillion Intervention Half-Life: 5 Hours; Full Fade: 9 Hours , Chinese
Protesters Chant "Down With US Imperialists", Attack Car Of US
Ambassador In Beijing
http://albertpeia.com/rainmanhelicopterbensdirtylaundry.htm
http://albertpeia.com/mittalsosaid.htm
Drudgereport: 9-19-12
OBAMACARE TAX TO HIT 6 MILLION
MOSTLY MIDDLE CLASS
RASMUSSEN
SWING STATES: R 47% O 46%...
wobama
doesn't remember how much national debt is...
'I
ACTUALLY BELIEVE IN REDISTRIBUTION'...
ROMNEY:
'We believe in free people and free enterprise, not redistribution'...
'I'll
deliver recovery, not dependency'...
Deputy
takes fall in 'Fast and Furious' probe...
NATO
pullback heightens doubts about Afghan plan...
Decision
'shatters implausible claims of progress'...
Another
day, another disaster...
Mich
SecState: 4,000 noncitizens on voter rolls...
FRANCE
TO CLOSE 20 EMBASSIES IN FEAR OF CARTOON BACKLASH
French
mag runs drawing of Mohammad naked; riot police stand guard...
Report: 4 injured in Paris explosion at kosher store...
GALLUP:
O 47% R 46%...
POLL
CONFIRMS ROMNEY: OBAMA HAS 47%... { Yes…and the really tragically
sad part of that reality for america is that it’s a strategy of theirs, making
americans dependant on the government (for food, protection from bogus,
self-created/induced bogey men/terror, protection from warranted prosecution as
with the largest frauds on wall street, corzine et als, mf global etc.); and
not just the poor; viz., ie., the frauds on wall street and their
contraindicated QE entitlement along with protection from prosecution for their
huge frauds, etc… }
Tax
Compliance for Obamacare: 80 Million Hours...
O: 'I
ACTUALLY BELIEVE IN REDISTRIBUTION'
Analyst:
Fed's 'QE-Infinity' Will Push Gold Up to $2,400...
Mortgage
Lending Slides to 16-Year Low...
WSJ:
The Data Behind Romney's Comments...
REPORT:
Median Income Worse Now Than During 'Great Recession'...
'Unprecedented'
Jump in Food Stamps...
8,786,049:
Yet Another Record for Americans Collecting Disability...
16 people working for each person collecting..
US
credit rating downgraded -- again...
PUMPING
BLAMED...
CASH
FOR BANKERS: Fed risks political fallout...
Faber:
If I Were Bernanke, I Would Resign... { Yeah…but you’re not ‘The
Rain Man’ … he’s comfortable there … He’s not insane according to Einstein’s
definition; viz., doing the same thing over and over and expecting a different
result … He’s just … ‘The Rain Man’ (Doesn’t burnt out bernanke remind you
somewhat of Dustin Hoffman in portraying the character of the same name/film?
If only he could count like ‘The Rain Man’.) }
Gas
Prices More than Double Under Obama: $1.84 to $3.85...
Kids
Question Michelle: Where Will They Move When President Loses?
'FULL-BLOWN
CRISIS'
ELECTION MANIPULATION: NEW PUMPING BEGINS!! { This is an especially great opportunity to sell
this suckers’ market/take profits! Nothing’s been solved! Just because
‘no-recession-helicopter-ben’ says something, does not mean it’s true (remember
that ‘no recession call’ of his; and, of course, no QE before the election,
prospectively, already discounted many times over by the ‘markets, such as they
are, ie., algo buy programs, etc.. ).
All this and now ‘whatever’ is too little and too late for the uss
Titanic which has taken on too much, not water, but b***s***. This was a
desperate move, bespeaking desperation.The fact is things are ominously so bad,
and worse than ‘allowed’ to be seen for the moment, that something as this QE
which is economically and financially contraindicated and a proven failure for
all but the frauds on wall street along with their cohorts including desperate
politicos, is resorted to in desperation to divert attention from their
unequivocal failure. After all, though having cost so many americans their jobs
with wrong calls and policies, bernanke is trying to save his own by inflating
the markets (along with everything else, ultimately hyperinflationary) for fellow failure wobama’s sake (wobama
rehired failure bernanke, President Romney would have fired, and will fire him
… goldman sachs knew this dollar debasing failed policy QE 3 would come and at
the expense of the muppets…that’s their term for all you suckers). I further
believe this contraindicated largess to the frauds on wall street is to
preserve his post fedship tenure job possibilities by ingratiating himself even
further with those nefarious, self-serving interest groups. }
Draghi and
Bernanke’s Worst Nightmares Are About to Unfold ‘…they’ve both failed…’ http://albertpeia.com/draghibernankeworstnightmare.htm , MARKET
WATCH HEADLINES http://albertpeia.com/marketwatchheadlines.htm , The
Federal Reserve Is Systematically Destroying Social Security And The Retirement
Plans Of Millions Of Americans http://albertpeia.com/feddestroyingsocialsecurity.htm , Tungsten-Filled
10 Oz Gold Bar Found In The Middle Of Manhattan's Jewelry District ZeroHedge.com It is one thing for tungsten-filled gold bars to appear
in the UK, or in Germany:
after all out of sight, and across the Atlantic, certainly must mean out of
mind, and out of the safe. However, when a 10 ounce 999.9 gold bar bearing the
stamp of the reputable Swiss Produits Artistiques Métaux Précieux (PAMP, with owner MTP) and a serial number
(serial #038892,
likely rehypothecated in at least 10 gold ETFs across the world but that's a
different story), mysteriously emerges in the heart of the world's jewerly
district located on 47th street in Manhattan, things get real quick. Moments
ago, Myfoxny
reported
that a 10-ounce gold bar costing nearly $18,000 turned out to be a counterfeit.
The discovery was made by the dealer Ibrahim Fadl, who bought the PAMP bar in
question from a merchant who has sold him real gold before. "But he heard
counterfeit gold bars were going around, so he drilled into several of his gold
bars worth $100,000 and saw gray tungsten -- not gold. The bar was filled with
tungsten, which weighs nearly the same as gold but costs just over a dollar an
ounce
Head
Of MF Global Equity Derivatives Trading Launches Hedge Fund Several weeks ago we learned that 2011's
vaporizer extraordinaire Jon Corzine is contemplating starting
his own hedge fund: presumably one that invests all its capital in Italian
2 year bonds, charges 2 and 20, and then disappears when all LP capital blows
up in an AUM supernova. Today, we learn that the stigma freeze associated with
all other former MF Global trading whizkids has officially melted, as the
former head of equity derivatives of MF Global has just launched a new hedge
fund.
Some
Shocking Perspectives On Inflation And Currency Destruction By None Other Than
The Federal Reserve Going back to
the FOMC's own archives reveals some truly stunning disclosures arising from
none other than the Federal Reserve on the topics of inflation, currency
"debauching", money creation, and what it would take for the
Communists and Stalin to win. "I
agree with you entirely that the Soviet dictators would like to bring about our
economic collapse and, as you know, inflation is perhaps the greatest force for
arraying the various sectors of a capitalistic economy against each other. John
Maynard Keynes stated in his 'Economic Consequences of the Peace' (1919): 'Lenin is said to have declared that the best way to destroy the
Capitalist System was to debauch the currency...Lenin was certainly right. There is
no subtler, no surer means of overturning the
existing basis of Society than to debauch the currency. The
process engages all the hidden forces of economic law on the side of
destruction, and does it in a manner which not one man in a million is able to
diagnose.'" , The Fed's
Financial Repression 'Game'
Fed’s
‘QE-Infinity’ Will Push Gold Up to $2,400: Pro
CNBC | Guy Adami: “Since the
Roman Empire, all fiat currencies have ended poorly.”
Max Keiser:
Ultimate QE3 Meltdown
Infowars.com | Max Keiser reveals the true
financial agenda behind QE3.
Michael Snyder | The mainstream media is hailing QE3
as a great victory for the U.S. economy.
http://albertpeia.com/feddestroyingsocialsecurity.htm
Drudgereport: 9-18-12 GALLUP:
O 47% R 46%...
POLL
CONFIRMS ROMNEY: OBAMA HAS 47%... { Yes…and the really tragically
sad part of that reality for america is that it’s a strategy of theirs, making
americans dependant on the government (for food, protection from bogus,
self-created/induced bogey men/terror, protection from warranted prosecution as
with the largest frauds on wall street, corzine et als, mf global etc.); and
not just the poor; viz., ie., the frauds on wall street and their
contraindicated QE entitlement along with protection from prosecution for their
huge frauds, etc… }
Tax
Compliance for Obamacare: 80 Million Hours...
O: 'I
ACTUALLY BELIEVE IN REDISTRIBUTION'
Analyst:
Fed's 'QE-Infinity' Will Push Gold Up to $2,400...
Mortgage
Lending Slides to 16-Year Low...
WSJ:
The Data Behind Romney's Comments...
REPORT:
Median Income Worse Now Than During 'Great Recession'...
'Unprecedented'
Jump in Food Stamps...
Russia
reveals vast diamond source under asteroid crater could supply world market for
3,000 years...
REPORT:
NEWSPAPER AD REVENUES COLLAPSE TO 1950 LEVELS...
NYC
ranked dirtiest, loudest, rudest city in USA...
Bailout
cost counter...
REPORT:
For every $1 added to economy, $3 added to debt...
GALLUP:
67% OF DEMS SAY GOVT -- SHOULD DO MORE!
Major Partisan Divide on Appropriate Role...
8,786,049:
Yet Another Record for Americans Collecting Disability...
16 people working for each person collecting..
ROMNEY GETS REAL: OBAMA
SUPPORTERS 'DEPENDENT ON GOVERNMENT'
GM WANTS OUT OF GOVT; OBAMA
SAYS NO...
Bailout cost counter...
REPORT: For every $1 added
to economy, $3 added to debt...
GALLUP: 67% OF DEMS SAY GOVT
-- SHOULD DO MORE!
Major
Partisan Divide on Appropriate Role...
8,786,049: Yet Another
Record for Americans Collecting Disability...
16 people
working for each person collecting..
Dollar hovers near
seven-month low; Euro gains...
inflation fears rise...
New movie features
disappointed Obama voters...
US
credit rating downgraded -- again...
PUMPING
BLAMED...
CASH
FOR BANKERS: Fed risks political fallout...
Faber:
If I Were Bernanke, I Would Resign... { Yeah…but you’re not ‘The
Rain Man’ … he’s comfortable there … He’s not insane according to Einstein’s
definition; viz., doing the same thing over and over and expecting a different
result … He’s just … ‘The Rain Man’ (Doesn’t burnt out bernanke remind you
somewhat of Dustin Hoffman in portraying the character of the same name/film?
If only he could count like ‘The Rain Man’.) }
Gas
Prices More than Double Under Obama: $1.84 to $3.85...
Kids
Question Michelle: Where Will They Move When President Loses?
'FULL-BLOWN
CRISIS'
ELECTION MANIPULATION: NEW PUMPING BEGINS!! { This is an especially great opportunity to sell
this suckers’ market/take profits! Nothing’s been solved! Just because
‘no-recession-helicopter-ben’ says something, does not mean it’s true (remember
that ‘no recession call’ of his; and, of course, no QE before the election,
prospectively, already discounted many times over by the ‘markets, such as they
are, ie., algo buy programs, etc.. ).
All this and now ‘whatever’ is too little and too late for the uss
Titanic which has taken on too much, not water, but b***s***. This was a
desperate move, bespeaking desperation.The fact is things are ominously so bad,
and worse than ‘allowed’ to be seen for the moment, that something as this QE
which is economically and financially contraindicated and a proven failure for
all but the frauds on wall street along with their cohorts including desperate
politicos, is resorted to in desperation to divert attention from their
unequivocal failure. After all, though having cost so many americans their jobs
with wrong calls and policies, bernanke is trying to save his own by inflating
the markets (along with everything else, ultimately hyperinflationary) for fellow failure wobama’s sake (wobama
rehired failure bernanke, President Romney would have fired, and will fire him
… goldman sachs knew this dollar debasing failed policy QE 3 would come and at
the expense of the muppets…that’s their term for all you suckers). I further
believe this contraindicated largess to the frauds on wall street is to
preserve his post fedship tenure job possibilities by ingratiating himself even
further with those nefarious, self-serving interest groups. }
How
QE3 Will Make The Wealthy Even Wealthier While Causing Living Standards To Fall
For The Rest Of Us http://albertpeia.com/qe3wealthywealthiertherestpoorer.htm , Where
We Are and Where We’re Going (Week of September 17, 2012) http://gainspainscapital.com http://albertpeia.com/hereandthere.htm , ‘My sense is [QE3] is going to
have a greater effect
on inflation and a minimal impact on jobs.’—Jeffrey Lacker
President , Richmond Federal Reserve, University
of Colorado prediction model points to big Romney win Read more: http://dailycaller.com/2012/08/23/university-of-colorado-prediction-model-points-to-big-romney-win/#ixzz26ZnrMS7E
,
How
China's Rehypothecated "Ghost" Steel Just Vaporized, And What This
Means For The World Economy
Zerohedge.com , Markets Gone Wild UPDATE: Denial: *WHITE HOUSE'S CARNEY SAYS `NO CHANGE' ON OIL
RESERVES , Guest
Post: The Fed Has Failed, Failed, Failed
, Full
Summary Of The Latest In Anti-American Sentiment , Japanese
Businesses Shuttering Chinese Facilities As Mainland Anger Spreads , Empire
Manufacturing Index Prints At Lowest Since April 2009
How
China's Rehypothecated "Ghost" Steel Just Vaporized, And What This
Means For The World Economy
Zerohedge.com One of the key
stories of 2011 was the revelation, courtesy of MF Global, that no asset in the
financial system is "as is", and instead is merely a copy of a copy of a copy-
rehypothecated up to an infinite number of times (if domiciled in the UK) for
one simple reason: there are not enough money-good, credible assets in
existence, even if there are more than enough 'secured' liabilities that claim
said assets as collateral. And while the status quo is marching on, the Ponzi
is rising, and new liabilities are created, all is well; however, the second
the system experiences a violent deleveraging and the liabilities have to be
matched to their respective assets as they are unwound, all hell breaks loose
once the reality sets in that each asset has been diluted exponentially.
Naturally, among such assets are not only paper representations of securities,
mostly stock and bond certificates held by the DTC's Cede & Co.,
but physical assets, such as bars of gold held by paper ETFs such as GLD and
SLV. In fact, the speculation that the physical precious metals in circulation
have been massively diluted has been a major topic of debate among the precious
metal communities, and is the reason for the success of such physical-based
gold and silver investment vehicles as those of Eric Sprott. Of course, the
"other side" has been quite adamant that this is in no way realistic
and every ounce of precious metals is accounted for. While that remains to be
disproven in the next, and final, central-planner driven market crash, we now
know that it is not only precious metals that are on the vaporization chopping
block: when it comes to China, such simple assets as simple steel held in
inventories, apparently do not exist. , It's Just Getting
Stupid! As Cantor's Peter Cecchini
notes today "when things are this
senseless, a reversion to sensibility will occur again at some point."
His view is to be long vol and as the disconnect between the economic
cycle and stocks continues to grow, we present three mind-numbing charts of the
exuberant hopefulness that is now priced in (oh yeah, aside from AAPL
actually selling some iPhones in pre-order). Whether it is earnings
hockey-sticks, global growth ramps, or fiscal cliff resolutions, it seems the
market can only see the silver-lining. We temper that extreme bullish view with
the fact that all the monetary policy good news has to be out now - for
Ben hath made it so with QEternity.
, Goldman
On The Fiscal Cliff: Worse Before It Gets Better As we have explained recently, the US fiscal cliff is a far more
important issue 'fundamentally' than the Fed's economic impotence. While most
market participants believe some kind of compromise will be reached - in the
lame-duck session but not before the election - the possibility of a 3.5% drag
on GDP growth is dramatic to say the least in our new normal stagnation. As
Goldman notes, the window to address the fiscal cliff ahead of the election has
all but closed, the 40% chance of a short-term extension of most current
policies is only marginally better than the probability they assign to 'falling off the cliff' at 35%. The base
case assumptions and good, bad, and ugly charts of what is possible are
concerning especially when a recent survey
of asset managers assigned only a 17% chance of congress failing to compromise before
year-end. Critically, and not helped by Bernanke's helping
hand (in direct opposition to his hopes), resolution of the fiscal cliff will
look harder, not easier, to address as we approach the end of the year - and
its likely only the market can dictate that direction - as the "consequence is terrible, but bad enough to force a deal, Faber:
Own Gold – “Don’t Store It In The U.S., The Fed Will Take It Away From You One
Day”
[ Anti-American fury sweeps across an inflamed Muslim world { Despite casting this as being over a film,
it’s not just the film; but as well, blowback for innumerable policy missteps
that ultimately included direct or indirect acts of violence/aggression. These
people are not blind, nor are they utter fools despite america et als’ foolish
assumptions and presumptions to the contrary. } QE3: Helicopter Ben Bernanke
Makes It Rain Money http://albertpeia.com/debaseddollarfailedstrategy.htm ‘…The course that the Federal Reserve has
set us on is utter insanity. Ben Bernanke can rain money down on us all
he wants { because he’s ‘The Rain Man’ }, but it is not going to do much at all
to help the real economy. However, it will definitely hasten the
destruction of the U.S. dollar…’
http://albertpeia.com/qe3wealthywealthiertherestpoorer.htm
http://albertpeia.com/hereandthere.htm
9-17-12 ROMNEY GETS REAL: OBAMA
SUPPORTERS 'DEPENDENT ON GOVERNMENT'
GM WANTS OUT OF GOVT; OBAMA
SAYS NO...
Bailout cost counter...
REPORT: For every $1 added
to economy, $3 added to debt...
GALLUP: 67% OF DEMS SAY GOVT
-- SHOULD DO MORE!
Major
Partisan Divide on Appropriate Role...
8,786,049: Yet Another
Record for Americans Collecting Disability...
16 people
working for each person collecting..
Dollar hovers near
seven-month low; Euro gains...
inflation fears rise...
New movie features
disappointed Obama voters...
US
credit rating downgraded -- again...
PUMPING
BLAMED...
CASH
FOR BANKERS: Fed risks political fallout...
Faber:
If I Were Bernanke, I Would Resign... { Yeah…but you’re not ‘The
Rain Man’ … he’s comfortable there … He’s not insane according to Einstein’s
definition; viz., doing the same thing over and over and expecting a different
result … He’s just … ‘The Rain Man’ (Doesn’t burnt out bernanke remind you
somewhat of Dustin Hoffman in portraying the character of the same name/film?
If only he could count like ‘The Rain Man’.) }
Gas
Prices More than Double Under Obama: $1.84 to $3.85...
Kids
Question Michelle: Where Will They Move When President Loses?
'FULL-BLOWN
CRISIS'
ELECTION MANIPULATION: NEW PUMPING BEGINS!! { This is an especially great opportunity to sell
this suckers’ market/take profits! Nothing’s been solved! Just because
‘no-recession-helicopter-ben’ says something, does not mean it’s true (remember
that ‘no recession call’ of his; and, of course, no QE before the election,
prospectively, already discounted many times over by the ‘markets, such as they
are, ie., algo buy programs, etc.. ).
All this and now ‘whatever’ is too little and too late for the uss Titanic
which has taken on too much, not water, but b***s***. This was a desperate
move, bespeaking desperation.The fact is things are ominously so bad, and worse
than ‘allowed’ to be seen for the moment, that something as this QE which is
economically and financially contraindicated and a proven failure for all but
the frauds on wall street along with their cohorts including desperate
politicos, is resorted to in desperation to divert attention from their
unequivocal failure. After all, though having cost so many americans their jobs
with wrong calls and policies, bernanke is trying to save his own by inflating
the markets (along with everything else, ultimately hyperinflationary) for fellow failure wobama’s sake (wobama
rehired failure bernanke, President Romney would have fired, and will fire him
… goldman sachs knew this dollar debasing failed policy QE 3 would come and at
the expense of the muppets…that’s their term for all you suckers). I further
believe this contraindicated largess to the frauds on wall street is to
preserve his post fedship tenure job possibilities by ingratiating himself even
further with those nefarious, self-serving interest groups. }
The
Fed’s QE 3 Program: Short Term Thinking For Long-Term Pain September 14,
2012 http://gainspainscapital.com http://albertpeia.com/shorttermthinkinglongtermpain.htm { The problem is, it’s not even sound
short-term thinking. Oh sure, the fraudulent churn and earn markets are loving
this, yet some see this ‘non-economic’, costly obfuscating scam for its real
effect and detriment; ie., Egan-Jones downgrades U.S. rating on QE3 move , etc.. }
Egan-Jones downgrades U.S. rating on QE3 move By Wallace Witkowski
SAN FRANCISCO (MarketWatch) -- Egan-Jones Ratings Co.
said Friday it downgraded its U.S. sovereign rating to AA- from AA on concerns
that the Fed's new round of quantitative easing, or QE3, will hurt the U.S.
economy. The ratings agency said the Fed's plan of buying $40 billion in
mortgage-backed securities a month and keeping interest rates near zero does
little to raise GDP, reduces the value of the dollar, and raises the price of
commodities. "From 2006 to present, the US's debt to GDP rose from 66% to
104% and will probably rise to 110% a year from today under current
circumstances; the annual budget deficit is 8%," Egan-Jones said in a
note. "In comparison, Spain has a debt to GDP of 68.5% and an annual
budget deficit of 8.5%."
Egan-Jones downgrades U.S. rating to AA- from AA
Inflation worries push TIPS ETF to new high
BREAKING:
Mo.'s Truman Bank is year's 42nd U.S. bank failure
U.S. stocks trim rise after U.S. downgrade
Oil briefly tops $100 after Fed stimulus pledge
Dave’s Daily: http://etfdigest.com [ Anti-American fury sweeps across an inflamed Muslim world { Despite casting this as being over a film,
it’s not just the film; but as well, blowback for innumerable policy missteps
that ultimately included direct or indirect acts of violence/aggression. These
people are not blind, nor are they utter fools despite america et als’ foolish
assumptions and presumptions to the contrary. } ] The Punchline In His Own
Words: Bernanke Advocates Blowing Asset Bubbles As The Antidote To Depression ZeroHedge.com { This is an especially great opportunity to sell this suckers’
market/take profits! Nothing’s been solved! Just because
‘no-recession-helicopter-ben’ says something, does not mean it’s true (remember
that ‘no recession call’ of his; and, of course, no QE before the election,
prospectively, already discounted many times over by the ‘markets, such as they
are, ie., algo buy programs, etc.. ).
All this and now ‘whatever’ is too little and too late for the uss
Titanic which has taken on too much, not water, but b***s***. This was a
desperate move, bespeaking desperation.The fact is things are ominously so bad,
and worse than ‘allowed’ to be seen for the moment, that something as this QE
which is economically and financially contraindicated and a proven failure for
all but the frauds on wall street along with their cohorts including desperate
politicos, is resorted to in desperation to divert attention from their
unequivocal failure. After all, though having cost so many americans their jobs
with wrong calls and policies, bernanke is trying to save his own by inflating
the markets (along with everything else, ultimately hyperinflationary) for fellow failure wobama’s sake (wobama
rehired failure bernanke, President Romney would have fired, and will fire him
… goldman sachs knew this dollar debasing failed policy QE 3 would come and at
the expense of the muppets…that’s their term for all you suckers). I further
believe this contraindicated largess to the frauds on wall street is to
preserve his post fedship tenure job possibilities by ingratiating himself even
further with those nefarious, self-serving interest groups. }
Stocks Are Not Cheap ZeroHedge.com 9-14-12
Valuations; stocks are cheap; money-on-the-sidelines; everyone's
bearish; trend is your friend. We've all heard them and we've all played them
but the following charts from Morgan Stanley will at least provide some nuance
of sense for those stunned into silence by a market seeing its nominal price
surging amid Bernanke blowing bubbles. The headline
is - with
real rates this low (and
staying low for a few more years yet) current P/E multiples are extremely high and even on a long-run empirical basis, hope remains excessive at
22xShiller P/E versus an average 16x. Remember, a
long-term investment is a short-term trade gone bad. But it seems for now that
you buy because you'll always be able to sell it back higher to the next smarter
dumber greater fool.
On
This Week In History, Gas Prices Have Never Been Higher , Egan Jones
Downgrades US From AA To AA- From
Egan-Jones, which downgraded the US for the first time ever last July, two
weeks ahead of S&P: "Up, up, and away - the FED's QE3 will stoke the
stock market and commodity prices, but in our opinion will hurt the US economy
and, by extension, credit quality. Issuing additional currency and depressing
interest rates via the purchasing of MBS does little to raise the real GDP of
the US, but does reduce the value of the dollar (because of the increase in
money supply), and in turn increase the cost of commodities (see the recent
rise in the prices of energy, gold, and other commodities). The increased cost
of commodities will pressure profitability of businesses, and increase the
costs of consumers thereby reducing consumer purchasing power. Hence, in our opinion QE3 will be detrimental to credit quality for the
US."
, Guest
Post: QE3 And Bernanke's Folly - Part I
, Inflation
Expectations Suggest 5% Inflation Is In The Cards ‘…there is a clear lag between the rise in
market-implied inflation and it showing up in the unicorn-laden CPI prints [ Actually, it’s just
plain understated, and, not the first time they’ve lied … ( 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…) ] - what this means is that given the hubris
of the Fed yesterday, market
expectations of inflation are inferring CPI could rise to over 5% within the
next 3 to 6 months. It will surely be difficult for Ben to
keep-on-buying ('Finding Nemo'-like) in the face of that kind of 'transitory'
rise in real data - though for now, real money remains bid as risk comes off a
little (even as the long-bond yield blows 26bps higher this week) - oh and CPI and PPI jump their most
in 3 years.’ , Germany
Opines: "Obama's Middle East Policy Is in Ruins" , Guest Post: This Is
Blowback ZeroHedge.com The YouTube
video depicting Mohammed is nothing more than the straw that broke the camel’s
back. This kind of violent uprising against American power and interests
in the region has been a long time in the making. It is not just the
continuation of drone strikes which often kill civilians in Pakistan, Yemen,
Somalia and Afghanistan, either. Nor is it the American invasions and
occupations of Iraq and Afghanistan. Nor is it the United States and the West’s support
for various deeply unpopular regimes such as the monarchies in Bahrain and
Saudi Arabia (and formerly Iran). Nor is it that America has long favoured
Israel over the Arab states, condemning, invading and fomenting revolution in
Muslim nations for the pursuit of nuclear weapons while turning a blind eye to
Israel’s nuclear
weapons and its continued expansion into the West Bank.
Anti-American fury sweeps across an inflamed Muslim world {
Despite casting this as being over a film, it’s not just the film; but as well, blowback for innumerable policy
missteps that ultimately included direct or indirect acts of
violence/aggression. These people are not blind, nor are they utter fools
despite america et als’ foolish assumptions and
presumptions to the contrary. [ Guest Post: This Is
Blowback ZeroHedge.com The YouTube
video depicting Mohammed is nothing more than the straw that broke the camel’s back. This kind of violent uprising against American power and
interests in the region has been a long time in the making. It is not just the
continuation of drone strikes which often kill civilians in Pakistan, Yemen,
Somalia and Afghanistan, either. Nor is it the American invasions and
occupations of Iraq and Afghanistan. Nor is it the United States and the West’s support for various deeply unpopular regimes such as the monarchies
in Bahrain and Saudi Arabia (and formerly Iran). Nor is it that America has
long favoured Israel over the Arab states, condemning, invading and fomenting
revolution in Muslim nations for the pursuit of nuclear weapons while turning a
blind eye to Israel’s nuclear weapons and its
continued expansion into the West Bank. ]
}
Romney and the GOP still toe the Bush
line Republican leaders are
sick and tired of Democrats blaming all the nation's problems on George W.
Bush, and of being tarnished by the former president's legacy. { The problem
for the democrats is that, unfortunately for the nation and world, wobama’s
essentially followed dumbya bush’s failed legacy with few exceptions (ie.,
wobama/holder’s predisposed contraindicated favoritism/bias towards blacks
including black panthers, etc.). Indeed, many within ‘the fold’ include ‘bush
men’ (ie., mueller, bernanke, etc.); and comparable failed policies as, ie.,
protracted unnecessary war, profligate spending worse than bush, rule by
proclamation/executive orders, no prosecution of huge wall street frauds, etc.,
all contrary to campaign promises/b***s*** that got him elected, a mistake that
won’t be repeated this time around. }
Drudgereport: US credit
rating downgraded -- again...
PUMPING
BLAMED...
CASH
FOR BANKERS: Fed risks political fallout...
Faber:
If I Were Bernanke, I Would Resign... { Yeah…but you’re not ‘The
Rain Man’ … he’s comfortable there … He’s not insane according to Einstein’s
definition; viz., doing the same thing over and over and expecting a different
result … He’s just … ‘The Rain Man’ (Doesn’t burnt out bernanke remind you
somewhat of Dustin Hoffman in portraying the character of the same name/film?
If only he could count like ‘The Rain Man’.) }
Gas
Prices More than Double Under Obama: $1.84 to $3.85...
Kids
Question Michelle: Where Will They Move When President Loses?
'FULL-BLOWN
CRISIS'
JITS:
CAMPUSES EVACUATED, CLASSES CANCELED BY 'AL QAEDA THREAT'...
Terror
scare in Kansas City...
North
Dakota State University bomb threat...
'Unspecified'
threat at Valparaiso University...
Nuke
Reactor Evacuated In Austin...
ELECTION MANIPULATION: NEW PUMPING BEGINS!! { This is an especially great opportunity to
sell this suckers’ market/take profits! Nothing’s been solved! Just because
‘no-recession-helicopter-ben’ says something, does not mean it’s true (remember
that ‘no recession call’ of his; and, of course, no QE before the election,
prospectively, already discounted many times over by the ‘markets, such as they
are, ie., algo buy programs, etc.. ).
All this and now ‘whatever’ is too little and too late for the uss
Titanic which has taken on too much, not water, but b***s***. This was a
desperate move, bespeaking desperation.The fact is things are ominously so bad,
and worse than ‘allowed’ to be seen for the moment, that something as this QE
which is economically and financially contraindicated and a proven failure for
all but the frauds on wall street along with their cohorts including desperate
politicos, is resorted to in desperation to divert attention from their
unequivocal failure. After all, though having cost so many americans their jobs
with wrong calls and policies, bernanke is trying to save his own by inflating
the markets (along with everything else, ultimately hyperinflationary) for fellow failure wobama’s sake (wobama
rehired failure bernanke, President Romney would have fired, and will fire him
… goldman sachs knew this dollar debasing failed policy QE 3 would come and at
the expense of the muppets…that’s their term for all you suckers). I further
believe this contraindicated largess to the frauds on wall street is to
preserve his post fedship tenure job possibilities by ingratiating himself even
further with those nefarious, self-serving interest groups. }
Romney
Calls Obama Response: 'Disgraceful'...
Muslims
Attack US Embassies...
Mobs
with guns and rocket-propelled grenades...
FLASHBACK:
Hillary Clinton boast on Gaddafi: 'We came, we saw, he died'...
PROTEST:
$9 gallon for gas in NY and NJ...
Median
income lowest since 1995...
Lower
class grows...
Why
did Obama use N-word to describe his grandfather?
Suspected
Bank Robbers Toss Cash Out Window During Police Chase...
VIDEO... { A neighborhood nigger in response to a
reporter lauded the criminal acts of the armed niggers saying they brought cash
into the neighborhood where (other niggers) ‘people’ are hurting. Isn’t that
among the typical rationalizations that underlie every dastardly deed
perpetrated by the uncivilized niggers? The niggerized DOJ under holder/obama
similarly finds ways to rationalize not prosecuting as promised; ie., biggest
frauds on wall street, mfglobal/jon corzine, defense of and protection for
black panthers, etc.. How can people wonder why this nation’s crumbling? }
ROMNEY:
'Forwarned' is better than 'forward''... { Sampling some of the network talking head roundtables over the
weekend I was astounded how many wobamanoid apologists talked up the dismal,
paltry private jobs, many part-time or low-pay, without mention of the record
insurmountable $5 trillion increase in the deficit to create them for the
purpose of obfuscating wobama’s blatantly failed performance as potus. Such
people, either so partisan, so unschooled in the relevant disciplines, so
ill-prepared for the journalistic task entrusted to them, literally have no
defendable place in the field of real journalism and are an embarrassment to
all that journalism purports to be. }
DICK
MORRIS: Obama Thugs Rough Up GALLUP For Polls They Don't Like...
POLL:
O 49% R 45%... reuters/ipsos – the socialist/communist
pollsters…they have a lot at stake…look at their socialist europe and
left-leaning city bases. Their polls can’t change what already is!
DEMS
SOFT ON WALL STREET CRIMES...
Graham Eats Humble Pie September 13,
2012 http://gainspainscapital.com { This is an especially great opportunity to
sell this suckers’ market/take profits! Nothing’s been
solved! Just because ‘no-recession-helicopter-ben’ says
something, does not mean it’s true (remember that ‘no recession call’ of his; and, of course, no QE before the election,
prospectively, already discounted many times over by the ‘markets,
such as they are, ie., algo buy programs, etc.. ). All this and now ‘whatever’ is too little and too late for the uss Titanic which
has taken on too much, not water, but b***s***. This was a desperate move,
bespeaking desperation.The fact is things are ominously so bad, and worse than ‘allowed’ to be seen
for the moment, that something as this QE which is economically and financially
contraindicated and a proven failure for all but the frauds on wall street
along with their cohorts including desperate politicos, is resorted to in
desperation to divert attention from their unequivocal failure. After all,
though having cost so many americans their jobs with wrong calls and policies,
bernanke is trying to save his own by inflating the markets (along with
everything else, ultimately hyperinflationary)
for fellow failure wobama’s sake (wobama rehired failure bernanke, President Romney
would have fired, and will fire him … goldman sachs knew this dollar debasing failed
policy QE 3 would come and at the expense of the muppets…that’s their
term for all you suckers). I further believe this contraindicated largess to
the frauds on wall street is to preserve his post fedship tenure job
possibilities by ingratiating himself even further with those nefarious,
self-serving interest groups. } {Alas,
poor Graham…}
QE3:
Helicopter Ben Bernanke Makes It Rain Money http://albertpeia.com/debaseddollarfailedstrategy.htm ‘…The course that the Federal Reserve has set us on is
utter insanity. Ben Bernanke can rain money down on us all he wants, but
it is not going to do much at all to help the real economy. However, it
will definitely hasten the destruction of the U.S. dollar…’
I THINK IT IS TIME TO
RECOGNIZE THAT BERNANKE IS TOTALLY BURNED OUT IF NOT ABSOLUTELY INSANE (YOU
RECALL THOSE PROPAGANDA ROUNDS AT THE SCHOOLS, ETC.; THOSE CAPTIVE AUDIENCES
WHO COULDN’T CARE LESS). HE IS TOTALLY INCOMPETENT!
THE FACT IS, BEYOND THE BLATANT FAILURE OF HIS CONSISTENTLY FAILED POLICIES, HE
STILL TALKS OF ‘GROWTH’ AS BEING SOMETHING OTHER
THAN THE INFLATIONARY IMPACT OF INFLATIONARY QE AND UNDERSTATED INFLATION AND
HIGHER PRICES THEREBY. IT’S REALLY QUITE INCREDIBLE THAT ANYONE
BELIEVES ANY OF THEIR B***S***!
http://albertpeia.com/debaseddollarfailedstrategy.htm
9-13-12
ELECTION MANIPULATION: NEW PUMPING BEGINS!! { This is an especially great opportunity to sell
this suckers’ market/take profits! Nothing’s been solved! Just because
‘no-recession-helicopter-ben’ says something, does not mean it’s true (remember
that ‘no recession call’ of his; and, of course, no QE before the election,
prospectively, already discounted many times over by the ‘markets, such as they
are, ie., algo buy programs, etc.. ).
All this and now ‘whatever’ is too little and too late for the uss Titanic
which has taken on too much, not water, but b***s***. This was a desperate
move, bespeaking desperation.The fact is things are ominously so bad, and worse
than ‘allowed’ to be seen for the moment, that something as this QE which is
economically and financially contraindicated and a proven failure for all but
the frauds on wall street along with their cohorts including desperate
politicos, is resorted to in desperation to divert attention from their
unequivocal failure. After all, though having cost so many americans their jobs
with wrong calls and policies, bernanke is trying to save his own by inflating
the markets (along with everything else, ultimately hyperinflationary) for fellow failure wobama’s sake (wobama
rehired failure bernanke, President Romney would have fired, and will fire him
… goldman sachs knew this dollar debasing failed policy QE 3 would come and at
the expense of the muppets…that’s their term for all you suckers). I further
believe this contraindicated largess to the frauds on wall street is to
preserve his post fedship tenure job possibilities by ingratiating himself even
further with those nefarious, self-serving interest groups. }
STOCKS
ROCK...
FED
TO USE $40 BILLION A MONTH FOR BOND BUYING...
OPEN
ENDED...
ROMNEY
ASKED HIM NOT TO DO IT!
REPORT:
Feds work month less per year than private sector...
OBAMA
GAFFE: WH CLARIFIES EGYPT NO 'ALLY' STATEMENT
ISRAELI
ARAB OFFICIAL WARNS OF 'ARMAGEDDON'...
HILLARY
TRIES TO COOL THE MOB...
State
Dept alerts travelers...
Protesters
storm American embassy in Yemen...
US
Flags Burned at Tunisia embassy...
New
Clashes in Cairo...
Consulate
in Berlin evacuated...
Iraqi
militia threatens U.S. interests...
'The
Most Serious Challenge to Obama'...
Median
income lowest since 1995...
Lower
class grows...
NEW
CLASHES OUTSIDE US EMBASSY IN CAIRO
9/11:
AMERICANS KILLED IN LIBYA...
ATTACK
'COORDINATED'...
CIA
SAW NO THREATS...
OBAMA
WENT TO SLEEP NOT KNOWING WHAT WAS HAPPENING THERE...
**WARNING**
**GRAPHIC PHOTO**...
Romney
campaign links attacks to failed Middle East policies...
MSNBC
asks: 'Who's More Dangerous, the Supreme Leader in Tehran or Netanyahu?'
OBAMA
OFF TO VEGAS...
CONVENTION
BOUNCE GONE: O 46% R 45%...
U.S.
AMBASSADOR TO LIBYA, 3 OTHERS, KILLED IN ATTACK
American
Ambassador 'Suffocated To Death'...
**WARNING**
**GRAPHIC PHOTO**...
Romney
Calls Obama Response: 'Disgraceful'...
Muslims
Attack US Embassies...
Mobs
with guns and rocket-propelled grenades...
FLASHBACK:
Hillary Clinton boast on Gaddafi: 'We came, we saw, he died'...
PROTEST:
$9 gallon for gas in NY and NJ...
Why
did Obama use N-word to describe his grandfather?
Suspected
Bank Robbers Toss Cash Out Window During Police Chase...
VIDEO... { A neighborhood nigger in response to a
reporter lauded the criminal acts of the armed niggers saying they brought cash
into the neighborhood where (other niggers) ‘people’ are hurting. Isn’t that
among the typical rationalizations that underlie every dastardly deed
perpetrated by the uncivilized niggers? The niggerized DOJ under holder/obama
similarly finds ways to rationalize not prosecuting as promised; ie., biggest
frauds on wall street, mfglobal/jon corzine, defense of and protection for
black panthers, etc.. How can people wonder why this nation’s crumbling? }
ROMNEY:
'Forwarned' is better than 'forward''... { Sampling some of the network talking head roundtables over the
weekend I was astounded how many wobamanoid apologists talked up the dismal,
paltry private jobs, many part-time or low-pay, without mention of the record
insurmountable $5 trillion increase in the deficit to create them for the
purpose of obfuscating wobama’s blatantly failed performance as potus. Such
people, either so partisan, so unschooled in the relevant disciplines, so
ill-prepared for the journalistic task entrusted to them, literally have no
defendable place in the field of real journalism and are an embarrassment to
all that journalism purports to be. }
DICK
MORRIS: Obama Thugs Rough Up GALLUP For Polls They Don't Like...
POLL:
O 49% R 45%... reuters/ipsos – the socialist/communist
pollsters…they have a lot at stake…look at their socialist europe and
left-leaning city bases. Their polls can’t change what already is!
DEMS
SOFT ON WALL STREET CRIMES...
FLASHBACK:
CARTER +4 OVER REAGAN IN SEPT 1980 [+8 IN OCT]...
FLASHBACK:
DUKAKIS +17 OVER BUSH AFTER DNC 1988...
DICK
MORRIS: Advantage Romney...
Where Would
the S&P 500 Be Without Fed Intervention? September
12, 2012 http://gainspainscapital.com http://albertpeia.com/snpfed.htm‘We’ve
entered a truly dangerous environment in the financial markets. Economic
fundamentals are deteriorating rapidly. Consider the US…By all counts, the
latest ISM (a measure of manufacturing in the US) was a complete and total
disaster. In August the ISM hit 49. Anything below 50 is considered a
recessionary rating.However, things are even worse below the surface., Things
Are Getting Worse: Median Household Income Has Fallen 4 Years In A Row http://albertpeia.com/thingsworseincomefalls4inarow.htm , Thanks
Obama - The Terrorists You Used To Topple Regimes In Egypt And Libya Are Now
Attacking Our Embassies http://albertpeia.com/thankswoforblowback.htm , US
Totalitarianism Loses Major Battle As Judge Permanently Blocks NDAA's Military
Detention Provision Zerohedge.com
US
Totalitarianism Loses Major Battle As Judge Permanently Blocks NDAA's Military
Detention Provision Zerohedge.com Back in January, Pulitzer winning journalist
Chris Hedges sued President Obama and the recently passed National Defense
Authorization Act, specifically challenging the legality of the Authorization
for Use of Military Force or, the provision that authorizes military detention
for people deemed to have "substantially supported" al Qaeda, the
Taliban or "associated forces." Hedges called the president's action
allowing indefinite detention, which was signed into law with little opposition
from either party "unforgivable, unconstitutional and
exceedingly dangerous." He attacked point blank the civil rights
farce that is the neverending "war on terror" conducted by both parties, targetting whom exactly is unclear, but
certainly attaining ever more intense retaliation from foreigners such as the
furious attacks against the US consulates in Egypt and Libya. He asked
"why do U.S. citizens now need to be specifically singled out for military
detention and denial of due process when under the 2001 Authorization for Use
of Military Force the president can apparently find the legal cover to serve as
judge, jury and executioner to assassinate U.S. citizens." A few months
later, in May, U.S. District Judge Katherine Forrest ruled in favor of a
temporary injunction blocking the enforcement of the authorization for military
detention. Today, the war againt the true totalitarian terror won a decisive battle, when in a 112-opinion,
Judge Forrest turned the temporary injunction, following an appeal by the
totalitarian government from August 6, into a permanent one.
http://albertpeia.com/thingsworseincomefalls4inarow.htm
Drudgereport: 9-11-12 Median
income lowest since 1995...
Lower
class grows...
NEW
CLASHES OUTSIDE US EMBASSY IN CAIRO
9/11:
AMERICANS KILLED IN LIBYA...
ATTACK
'COORDINATED'...
CIA
SAW NO THREATS...
FOR
FIVE HOURS, NO ONE KNEW WHERE AMBASSADOR WAS...
BODY
NOT RECOVERED FOR 12 HOURS...
OBAMA
WENT TO SLEEP NOT KNOWING WHAT WAS HAPPENING THERE...
**WARNING**
**GRAPHIC PHOTO**...
Romney
campaign links attacks to failed Middle East policies...
MSNBC
asks: 'Who's More Dangerous, the Supreme Leader in Tehran or Netanyahu?'
White
House gave 'mixed signals'...
Marines
Headed to Libya to Reinforce Security...
PAPER:
How Media Turned Obama's Foreign Policy Bungle into a Romney Gaffe...
Open
mic catches reporters coordinating questions...
OBAMA
OFF TO VEGAS...
CONVENTION
BOUNCE GONE: O 46% R 45%...
U.S.
AMBASSADOR TO LIBYA, 3 OTHERS, KILLED IN ATTACK
American
Ambassador 'Suffocated To Death'...
**WARNING**
**GRAPHIC PHOTO**...
Romney
Calls Obama Response: 'Disgraceful'...
Muslims
Attack US Embassies...
Mobs
with guns and rocket-propelled grenades...
FLASHBACK:
Hillary Clinton boast on Gaddafi: 'We came, we saw, he died'...
PROTEST:
$9 gallon for gas in NY and NJ...
Why
did Obama use N-word to describe his grandfather?
Suspected
Bank Robbers Toss Cash Out Window During Police Chase...
VIDEO... { A neighborhood nigger in response to a
reporter lauded the criminal acts of the armed niggers saying they brought cash
into the neighborhood where (other niggers) ‘people’ are hurting. Isn’t that
among the typical rationalizations that underlie every dastardly deed
perpetrated by the uncivilized niggers? The niggerized DOJ under holder/obama
similarly finds ways to rationalize not prosecuting as promised; ie., biggest
frauds on wall street, mfglobal/jon corzine, defense of and protection for
black panthers, etc.. How can people wonder why this nation’s crumbling? }
ROMNEY:
'Forwarned' is better than 'forward''... { Sampling some of the network talking head roundtables over the
weekend I was astounded how many wobamanoid apologists talked up the dismal,
paltry private jobs, many part-time or low-pay, without mention of the record
insurmountable $5 trillion increase in the deficit to create them for the
purpose of obfuscating wobama’s blatantly failed performance as potus. Such
people, either so partisan, so unschooled in the relevant disciplines, so
ill-prepared for the journalistic task entrusted to them, literally have no
defendable place in the field of real journalism and are an embarrassment to
all that journalism purports to be. }
DICK
MORRIS: Obama Thugs Rough Up GALLUP For Polls They Don't Like...
POLL:
O 49% R 45%... reuters/ipsos – the socialist/communist
pollsters…they have a lot at stake…look at their socialist europe and
left-leaning city bases. Their polls can’t change what already is!
DEMS
SOFT ON WALL STREET CRIMES...
FLASHBACK:
CARTER +4 OVER REAGAN IN SEPT 1980 [+8 IN OCT]...
FLASHBACK:
DUKAKIS +17 OVER BUSH AFTER DNC 1988...
DICK
MORRIS: Advantage Romney...
REPORT: GOV'T MOTORS LOSES $49,000 ON EACH CHEVY VOLT...
'The
Democrats' GM Fiction'...
Pentagon
buys hundreds to 'green up' military...
8.1%
+96,000
368,000
DROPPED OUT
88,921,000
'NOT IN LABOR FORCE'
Milbank:
Demigod falls to earth... { After four years of unbridled,
unfounded, blind faith in and defense of wobama the b for b***s***, it truly
makes my heart soar to see Mr. Milbank finally walk into the light! Indeed,
David Bowie (Nicholas Roeg’s ‘Man Who Fell to Earth’), wobama is not; not that
even David Bowie could have siphoned/drained the vote as did
grifter/conman/parasite obama. Yet, it cannot be denied that nobody, no news
organization, not even a government agency did their homework in vetting this
complete and utter fraud called ‘barack obama’! } ‘…After a couple
of nights at the Time Warner Cable Arena, the convention was to have closed
with President Obama’s acceptance speech at the Bank of America Stadium, where
convention officials were planning to squeeze nearly 6,000 seats onto the field
to expand the stadium’s capacity beyond its usual 74,000. But the
speedway event was canceled — ostensibly because of logistical problems but
more likely because convention
fundraising was running low. Then the Democrats canceled
the stadium event in favor of the smaller arena — ostensibly because of
“severe thunderstorm” concerns but more likely because they couldn’t be sure
enough people would come to fill the stadium.In fact, the forecast hadn’t
called for severe weather, and conditions were fine Thursday night. The change
caused thousands
to be turned away, and the crush of crowds at the arena led authorities at
one point to lock down the building for a second straight night – leaving some
delegates on the street while lobbyists enjoyed the proceedings inside…’
CLINT
SPEAKS: Obama 'greatest hoax ever perpetrated on American people'...
{ I think Clint is too kind in euphemistically referring to and characterizing
wobama as merely a hoax as opposed to the indisputable fraud, grifter, conman
that obama most certainly is! }
White
House to miss deadline for report on 'fiscal cliff' budget cuts...
O: I'M
NOT DONE YET { He’s done! }
Dave’s Daily: http://www.etfdigest.com
‘MARKETS IN WAITING GAME
9-11-12 It was a mix of news
Tuesday. The featured story was Moody’s stating they’ll be cutting the U.S.
rating one notch if politicians can’t agree on debt reduction plans. Germany’s
Schauble piled on stating U.S. debt to GDP ratio was much too high.
‘Yesterday we worked through the illusion
to the reality of the ECB’s “unlimited”
bond purchases, the end result being that we discovered the ECB:
1) Didn’t announce anything new
2) Is implementing the same policies it’s
tried twice before with no success (see Greece)
3) Is implementing policies that neither Spain nor
Italy will go for…
And finally…
4) Has solved nothing due to the fact that of the two
mega-bailout funds, one has only €65 billion in firepower left and the
other has yet to be ratified by Germany
http://albertpeia.com/debaseddollardown.htm
‘The mainstream media in the United States is almost
totally ignoring one of the most important trends in global economics.
This trend is going to cause the value of the U.S. dollar to fall dramatically
and it is going to cause the cost of living in the United States to go way up… If we keep debasing our
currency like this, at some point the rest of the world is going to decide that
China and Russia have been right all along and that we need a new global
reserve currency.That day is coming. It might not come tomorrow or next
week or next month but it is definitely coming.
Once
the U.S. dollar loses reserve currency status, that will be a major turning
point in the history of our country. We will never fully recover from
that, and we will never get back to the same level of prosperity that we are
enjoying today.So enjoy spending those dollars while you can. The party
is almost over.’
September
11 – Eleven Years Later (Selected Statistics) ZeroHedge.com On the
anniversary of the most emotional day in our collective memory, here are
some key statistics in the interest of truth, justice and the American way: http://albertpeia.com/september11stats.png
September
11 – Eleven Years
Later (Selected Statistics)
ZeroHedge.com On the anniversary
of the most emotional day in our collective memory, here are some key
statistics in the interest of truth, justice and the American way: http://albertpeia.com/september11stats.png , Guest
Post: De-Industrialisation And Male Jobs
, In
Response To Japanese "Antagonism" Over Senkaku Islands, China
Dispatches Two Patrol Ships { Wow!
Looks like war between China and Japan … Just kidding…Japan versus the 800 pound gorilla in the world?…Japanese command of
math/probabilities is not that bad! }
, Guest
Post: Who Moved My Recession?
Lakshman Achutan, ECRI (Economic Cycle Research Institute) made a recession call for the US on
September 30, 2011 (and confirmed it multiple times since then). Gary Shilling,
titling his August letter “Global Recession”, says “We are already in
a global recession {This is
correct! }
Drudgereport: 9-11-12 MOODY'S
WARNS: US CREDIT RATING COULD BE CUT...
Germany:
'Great Uncertainty' About US Debt...
STRIKING
TEACHERS BEGIN TO TURN ON PRESIDENT...
Obama
On Track To Have Worst Job Record Since WWII...
Spies
press for renewal of broad electronic surveillance law...
MOB
STORMS EMBASSY IN CAIRO...
TEAR
DOWN AMERICAN FLAG...
BLACK
FLAG RAISED...
'There is no God but Allah and Mohammad is his messenger'...
FLASH:
US consulate in Libya set on fire...
ROMNEY:
'Forwarned' is better than 'forward''... { Sampling some of the network talking head roundtables over the
weekend I was astounded how many wobamanoid apologists talked up the dismal,
paltry private jobs, many part-time or low-pay, without mention of the record
insurmountable $5 trillion increase in the deficit to create them for the purpose
of obfuscating wobama’s blatantly failed performance as potus. Such people,
either so partisan, so unschooled in the relevant disciplines, so ill-prepared
for the journalistic task entrusted to them, literally have no defendable place
in the field of real journalism and are an embarrassment to all that journalism
purports to be. }
DICK
MORRIS: Obama Thugs Rough Up GALLUP For Polls They Don't Like...
POLL:
O 49% R 45%... reuters/ipsos – the socialist/communist
pollsters…they have a lot at stake…look at their socialist europe and left-leaning
city bases. Their polls can’t change what already is!
DEMS
SOFT ON WALL STREET CRIMES...
FLASHBACK:
CARTER +4 OVER REAGAN IN SEPT 1980 [+8 IN OCT]...
FLASHBACK:
DUKAKIS +17 OVER BUSH AFTER DNC 1988...
DICK
MORRIS: Advantage Romney...
REPORT: GOV'T MOTORS LOSES $49,000 ON EACH CHEVY VOLT...
'The
Democrats' GM Fiction'...
Pentagon
buys hundreds to 'green up' military...
8.1%
+96,000
368,000
DROPPED OUT
88,921,000
'NOT IN LABOR FORCE'
Milbank:
Demigod falls to earth... { After four years of unbridled, unfounded,
blind faith in and defense of wobama the b for b***s***, it truly makes my
heart soar to see Mr. Milbank finally walk into the light! Indeed, David Bowie
(Nicholas Roeg’s ‘Man Who Fell to Earth’), wobama is not; not that even David
Bowie could have siphoned/drained the vote as did grifter/conman/parasite
obama. Yet, it cannot be denied that nobody, no news organization, not even a
government agency did their homework in vetting this complete and utter fraud
called ‘barack obama’! } ‘…After
a couple of nights at the Time Warner Cable Arena, the convention was to have
closed with President Obama’s acceptance speech at the Bank of America Stadium,
where convention officials were planning to squeeze nearly 6,000 seats onto the
field to expand the stadium’s capacity beyond its usual 74,000. But the
speedway event was canceled — ostensibly because of logistical problems but
more likely because convention
fundraising was running low. Then the Democrats canceled
the stadium event in favor of the smaller arena — ostensibly because of
“severe thunderstorm” concerns but more likely because they couldn’t be sure
enough people would come to fill the stadium.In fact, the forecast hadn’t
called for severe weather, and conditions were fine Thursday night. The change
caused thousands
to be turned away, and the crush of crowds at the arena led authorities at
one point to lock down the building for a second straight night – leaving some
delegates on the street while lobbyists enjoyed the proceedings inside…’
CLINT
SPEAKS: Obama 'greatest hoax ever perpetrated on American people'...
{ I think Clint is too kind in euphemistically referring to and characterizing
wobama as merely a hoax as opposed to the indisputable fraud, grifter, conman
that obama most certainly is! }
White
House to miss deadline for report on 'fiscal cliff' budget cuts...
O: I'M
NOT DONE YET { He’s done! }
Super Mario’s Big Bluff http://albertpeia.com/supermariosbigbluff.htm ‘… In
closing, the new ECB program will ultimately prove to be Mario Draghi’s big
bluff. By presenting an old, failed program as something “new” and “unlimited”
in scope, the ECB has actually shown that it’s essentially out of firepower. Indeed, consider the following…The ECB
says it will buy EU sovereign bonds if EU nations apply for bailouts from the
EFSF. Spain and Italy (the very countries that need bailouts) are meant to
supply 30% of the EFSF’s funding.So this new program involves Spain and
Italy bailing themselves out, while simultaneously implementing austerity
measures so the ECB will buy their sovereign bonds?!?!Oh, and by the way,
the EFSF only has €65 billion in funding left. That will definitely be enough
to bailout Spain and Italy, seeing as Greece has received over €200 billion in
bailouts is still imploding.On that note, if you are not preparing for a bloodbath
in the markets, now is the time to do so. The reality is that the Central Banks
are fast losing their grip on the markets. They’ll never admit this publicly,
but I can assure you that Bernanke and pals are scared stiff by what’s
happening in the banking system right now…’
The
Student Loan Debt Bubble Is Creating Millions Of Modern Day Serfs http://albertpeia.com/studentloandebtserfs.htm , The
Real Unemployment Numbers Are Worse Than You Are Being Told http://albertpeia.com/realunemploymentnumbersmuchworse.htm , The
Historic Demise Of The Ever-Shrinking Dollar: An Infographic ZeroHedge.com The almighty Dollar is looking less mighty these days. By almost
every measure, the purchasing power of the US Dollar is in precipitous decline.
The following infographic, whose contents should be well-known to our readers,
visualizes the sad state of affairs that the average American seems to have
ignored for far too long. And since the whole world is now engaged in the 4th
year of all out currency debasement one can safely channel Lester Burnham and
say it's "all downhill from here."
http://albertpeia.com/studentloandebtserfs.htm
http://albertpeia.com/realunemploymentnumbersmuchworse.htm
ROMNEY:
'Forwarned' is better than 'forward''... { Sampling some of the network talking head roundtables over the
weekend I was astounded how many wobamanoid apologists talked up the dismal,
paltry private jobs, many part-time or low-pay, without mention of the record
insurmountable $5 trillion increase in the deficit to create them for the
purpose of obscuring wobama’s blatantly failed performance as potus. Such
people, either so partisan, so unschooled in the relevant disciplines, so
ill-prepared for the journalistic task entrusted to them, literally have no
defendable place in the field of real journalism and are an embarrassment to
all that journalism purports to be. }
DICK
MORRIS: Obama Thugs Rough Up GALLUP For Polls They Don't Like...
POLL:
O 49% R 45%... reuters/ipsos – the socialist/communist
pollsters…they have a lot at stake…look at their socialist europe and
left-leaning city bases. Their polls can’t change what already is!
DEMS
SOFT ON WALL STREET CRIMES...
FLASHBACK:
CARTER +4 OVER REAGAN IN SEPT 1980 [+8 IN OCT]...
FLASHBACK:
DUKAKIS +17 OVER BUSH AFTER DNC 1988...
DICK
MORRIS: Advantage Romney...
REPORT: GOV'T MOTORS LOSES $49,000 ON EACH CHEVY VOLT...
'The
Democrats' GM Fiction'...
Pentagon
buys hundreds to 'green up' military...
Gun Sales
Surging...
Woodward:
A president cornered...
MAG:
An Overdose of Hope...
OBAMA
PIZZA MAN PLEADS: DON'T BOYCOTT ME!
CHICAGO
TEACHERS WALK OUT...
Turn
Down 16% Pay Raise...
Have
Highest Average Salary In Nation...
Average
$76,000 per year before
benefits...
SCHOOLS
OPEN -- BUT JUST TO SERVE FREE MEALS...
400,000
STUDENTS UNLEASHED...
Cops
Pour Onto Streets'...
8.1%
+96,000
368,000
DROPPED OUT
88,921,000
'NOT IN LABOR FORCE'
Milbank:
Demigod falls to earth... { After four years of unbridled,
unfounded, blind faith in and defense of wobama the b for b***s***, it truly
makes my heart soar to see Mr. Milbank finally walk into the light! Indeed,
David Bowie (Nicholas Roeg’s ‘Man Who Fell to Earth’), wobama is not; not that
even David Bowie could have siphoned/drained the vote as did
grifter/conman/parasite obama. Yet, it cannot be denied that nobody, no news
organization, not even a government agency did their homework in vetting this
complete and utter fraud called ‘barack obama’! } ‘…After a couple of nights at the Time Warner Cable
Arena, the convention was to have closed with President Obama’s acceptance
speech at the Bank of America Stadium, where convention officials were planning
to squeeze nearly 6,000 seats onto the field to expand the stadium’s capacity
beyond its usual 74,000. But the
speedway event was canceled — ostensibly because of logistical problems but
more likely because convention
fundraising was running low. Then the Democrats canceled
the stadium event in favor of the smaller arena — ostensibly because of
“severe thunderstorm” concerns but more likely because they couldn’t be sure
enough people would come to fill the stadium.In fact, the forecast hadn’t
called for severe weather, and conditions were fine Thursday night. The change
caused thousands
to be turned away, and the crush of crowds at the arena led authorities at
one point to lock down the building for a second straight night – leaving some
delegates on the street while lobbyists enjoyed the proceedings inside…’
CLINT
SPEAKS: Obama 'greatest hoax ever perpetrated on American people'...
{ I think Clint is too kind in euphemistically referring to and characterizing
wobama as merely a hoax as opposed to the indisputable fraud, grifter, conman
that obama most certainly is! }
White
House to miss deadline for report on 'fiscal cliff' budget cuts...
O: I'M
NOT DONE YET { He’s done! }
NOONAN:
'Stale and empty... he is out of juice'...
OBAMA
HAMMERED IN FIRST REVIEWS...
FROM
THE LEFT: TOMASKY: Pedestrian and Overconfident...
FROM
THE RIGHT: KRAUTHAMMER: 'One Of The Emptiest I Have Ever Heard'...
AP:
Obama and the phantom peace dividend...
9-7-12 Dave’s Daily: http://www.etfdigest.com
‘A SPOONFUL OF SUGAR HELPS THE
MEDICINE GO DOWN’ 9-7-12 { It really must be emphasized/said, and it
has been said infra*, that the west generally, and the u.s. especially, have
become unmistakably banana republics meeting all criteria by which such failed
forms of political/economic ‘organization’ are denoted. The consistent and
persistent focus on the totally fraudulent, manipulated stock markets,
fraudulent wall street particularly with contraindicated, failed QE for benefit
of wall street frauds only, to the detriment of literally everyone else, viz.,
taxpayers, main street, etc., has become nothing short of criminally
insane! [ ECB INTERVENTION COMMENT DU
JOUR: "CLASSIC BANANA REPUBLIC BANKING" Submitted
by Tyler Durden on
09/06/2012 http://albertpeia.com/classicbananarepublicbanking.htm . { It bears
repeating that never in history have the markets become so disconnected from
fundamental finance, valuation, and reality and so completely and utterly
fraudulent. I believe that computerization facilitating multiple frauds at
lightning speed, over and over again and again along with re-hypothecation of
already worthless paper at similar speeds is in part the reason for the
prevalence of such fraud along with the breakdown of american among other
societies into what yesteryear would have been scorned as ‘banana republics’
without any meaningful rules of law whatsoever and pervasive, almost blatant,
corruption at every level. (This is
not to blame computers for the bad use they’re put to.) Guest
Post: The West Has Just Become A Giant Banana Republic ZeroHedge.com by Tyler
Durden { Yeah! This really is too
true for words! It’s been my direct experience for quite some time now and is
quite a pathetic scenario! } Legendary
Investor Jeremy Grantham: America is a Banana Republic Washington’s
Blog | Just different
bananas perhaps? ] } ‘The ugly employment report of only 96K new
jobs vs 125K expected hit markets like a spoonful of sugar—Uncle Sugar. The
numbers couldn’t be worse which is why ADP Data and Jobless Claims the previous
day doesn’t mean a thing. Ninety million are not in the labor force, 368K
people have dropped out of the workforce and the participation rate for men is
the lowest since 1948 when most of current readers hadn’t been born. Even the previous
data was reduced from 163K to 141K meaning next month’s numbers should be taken
with a grain of salt, and not sugar. Forget the slightly lower unemployment
rate since with so many dropping off the rolls the real rate is closer to 12%
than 8.1%, and that’s generous.
Dave’s Daily: http://www.etfdigest.com ‘A SPOONFUL
OF SUGAR HELPS THE MEDICINE GO DOWN’
9-7-12 { It really must be
emphasized/said, and it has been said infra*, that the west generally, and the
u.s. especially, have become unmistakably banana republics meeting all criteria
by which such failed forms of political/economic ‘organization’ are denoted.
The consistent and persistent focus on the totally fraudulent, manipulated
stock markets, fraudulent wall street particularly with contraindicated, failed
QE for benefit of wall street frauds only, to the detriment of literally
everyone else, viz., taxpayers, main street, etc., has become nothing short of
criminally insane! [ ECB INTERVENTION
COMMENT DU JOUR: "CLASSIC BANANA REPUBLIC BANKING" Submitted by Tyler Durden on
09/06/2012 http://albertpeia.com/classicbananarepublicbanking.htm . { It bears
repeating that never in history have the markets become so disconnected from
fundamental finance, valuation, and reality and so completely and utterly
fraudulent. I believe that computerization facilitating multiple frauds at
lightning speed, over and over again and again along with re-hypothecation of
already worthless paper at similar speeds is in part the reason for the
prevalence of such fraud along with the breakdown of american among other
societies into what yesteryear would have been scorned as ‘banana republics’
without any meaningful rules of law whatsoever and pervasive, almost blatant,
corruption at every level. (This is
not to blame computers for the bad use they’re put to.) Guest
Post: The West Has Just Become A Giant Banana Republic ZeroHedge.com by Tyler
Durden { Yeah! This really is too
true for words! It’s been my direct experience for quite some time now and is
quite a pathetic scenario! } Legendary
Investor Jeremy Grantham: America is a Banana Republic Washington’s
Blog | Just different
bananas perhaps? ] } ‘The ugly employment report of only 96K new
jobs vs 125K expected hit markets like a spoonful of sugar—Uncle Sugar. The
numbers couldn’t be worse which is why ADP Data and Jobless Claims the previous
day doesn’t mean a thing. Ninety million are not in the labor force, 368K
people have dropped out of the workforce and the participation rate for men is
the lowest since 1948 when most of current readers hadn’t been born. Even the
previous data was reduced from 163K to 141K meaning next month’s numbers should
be taken with a grain of salt, and not sugar. Forget the slightly lower unemployment
rate since with so many dropping off the rolls the real rate is closer to 12%
than 8.1%, and that’s generous.
*[ ECB INTERVENTION COMMENT DU JOUR: "CLASSIC BANANA REPUBLIC
BANKING" Submitted by Tyler Durden on
09/06/2012 http://albertpeia.com/classicbananarepublicbanking.htm . { It bears
repeating that never in history have the markets become so disconnected from
fundamental finance, valuation, an reality and so completely and utterly
fraudulent. I believe that computerization facilitating multiple frauds at
lightning speed, over and over again and again along with re-hypothecation of
already worthless paper at similar speeds is in part the reason for the
prevalence of such fraud along with the breakdown of american among other
societies into what yesteryear would have been scorned as ‘banana republics’ without any meaningful rules of law
whatsoever and pervasive, almost blatant, corruption at every level. (This is not to blame
computers for the bad use they’re put to.) Guest
Post: The West Has Just Become A Giant Banana Republic ZeroHedge.com by Tyler
Durden { Yeah! This really is too
true for words! It’s been my direct experience for quite some time now and is quite a
pathetic scenario! } 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 corrupt 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.] Guest
Post: The West Has Just Become A Giant Banana Republic ZeroHedge.com by Tyler
Durden { Yeah! This really is too
true for words! It’s been my direct experience for quite some time now and is quite a
pathetic scenario! } Legal
precedent means nothing. Rule of law means nothing. Free speech means
nothing. Their own treaties mean nothing. It’s
unbelievable. Anyone in the west who honestly thinks he’s still living in a
free society is either a fool or completely out of touch. If that seems
too radical an idea, consider that ECUADOR is now the only nation which
stands to defend freedom and human rights against an assault from the
United States, the United Kingdom, and their spineless allies. The west
has just become a giant banana republic. Have you hit your breaking point
yet? If not now… when? { { I’m really constrained to
interject my own direct experience with the FBI here; and, I must say I do so
lamentably. If you want no real results vis-à-vis organized crime which now
extends to the upper reaches, highest levels of the corrupt u.s. government, go
to the FBI. I discounted the new jersey FBI as just typical corrupt, mob
infested jersey which thinks in terms of discos/casinos. But, truth be told,
they never ask the ‘tough’ questions of the biggest criminals; ie., the biggest
wall street frauds, cia connected illegal ‘drug ops’ (ops…riiiiight), federal judges ie., trump barry, shiff,
alito, etc.; but, they did go after Martha Stewart in a very big way over a
$45,000 transaction. Wow! You can’t make this stuff up. I also don’t believe their
(understated) crime stats for even a second. I’m beginning to feel
foolish for having even put my full faith and trust in them, much less the ‘federal (judicial) system’ who share the ‘same employer’; and, despite my
antipathy for the mob, probably would have fared ‘more fairly’ with the mobsters
directly who seem to have at least some sense of the magnitude of the fraud
involved and the pervasive corruption of the system and government and maybe a
semblance of honor in this nation of protracted decline. It never would have
occurred to me back when for me, such a choice/decision was clear-cut and
simple. Such a course as mine I no longer could recommend inasmuch as there is
little difference between state/government sponsored crime/corruption and that
perpetrated by other criminal elements, from my direct experience with both,
infra: Debauchery:
An American specialty In the land of Lindsay Lohan and Snooki,
some federal workers reflect our culture all too well. (Washington Post) [
Lindsay Lohan? Come on Mr. Milbank, hands off the low hanging fruit. She’s totally harmless.
Jersey ‘italian’ snooki? In mob infested
new jersey, who knows (one of the properties in my proceedings for which
surplus funds are unaccounted for was a 2 bedroom 1 and 1/2 bath condominium in
seaside heights, n.j.). But debauchery an american specialty? Another rare
instance wherein I agree with Mr. Milbank completely. 25
Signs That America Is A Seething Cesspool Of Filth And Corruption
http://albertpeia.com/25signsamericacesspooloffilthcrimeandcorruption.htm
. Review
of flawed forensics held close to vest EXCLUSIVE | Documents and
interviews show FBI and Justice Department officials took steps to control
information uncovered by a task force designed to examine cases involving
discredited agents. Many defendants were never notified of flaws in cases. ‘Simply unconscionable’ (Washington Post) [
Well, I really have to say this. I’m awaiting word from the FBI as to resolution, one
way or the other, concerning the RICO matters which have been systematically
and corruptly covered up by the government (executive, legislative, and
judicial branches of the pervasively corrupt, defacto bankrupt u.s. government http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
) . Never in my wildest dreams would I have believed the
level and extent of corruption and criminality within the ranks of the u.s.
government before embarking upon this costly quest for justice and simple
fairness consistent with clear law (infra, regarding the u.s. government’s direct involvement in
the illegal drug trade). In this civil RICO matter, there are no innocent
bystanders; but rather, perpetrators, accomplices, and co-conspirators. When
the fbi agent initially assigned to this matter (Connecticut) abruptly
resigned/retired shortly after a conversation, though not central to my case,
wherein I had said that rudy giuliani’s father had been an (convicted) enforcer for the mob
(served 12 years? in prison, aggravated assault/manslaughter?) and then sent
him documentation owing to his disbelief. Though ultimately ineffectual
vis-à-vis my case, he was a likeable guy for whom I had and still have regard.
I then spoke with FBI Agent Jeff Rasey upon the aforesaid agent’s departure who somewhat
plaintively (‘my
call being a burden’) told me that ‘he was a Ford, and I was a Ferrari’, which he didn’t explain further. Could
anyone tell me what that means? Initially, at new jersey’s FBI office, I was ‘greeted’ by an FBI Agent who
sarcastically asked me whether I was ‘going to the disco that night’ (the documents including
sworn statements delivered to then u.s. attorney sam alito’s office in the same
building disappeared twice along with the initial assistant u.s. attorney
Jonathan Lacey with whom I had reviewed the documentary evidence, documents and
their probative value http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf .
We all can infer sam alito’s reward / quid pro quo for his cover-up by his
current position on the u.s. supreme court. There was never a
question as to maryanne trump barry’s interest in corrupting the judicial process as
related to her brother’s (trump) casinos. Jersey city boy louis freeh,
labeled by former Prosecutor Larry Klaiman as the most corrupt FBI director
ever (see infra, mueller seems no different, and certainly holder’s impeachable actions and
corrupt behavior/cover-ups fit the mold, ie., fast and furious, race bias
favoring blacks, etc.) apparently covered up the RICO violations as sent to
him, and, with italian citizenship and lucrative insider deals fits the bill.
The FBI Agent Jeff Hayes of the Long Beach Office with whom I reviewed the RICO
documents and confirmed same as indicative of (drug) money laundering was
transferred shortly after meeting with him, as has been so of FBI Agent Bill
Lewis (promoted to Washington FBI headquarters) with whom I discussed the RICO
matter and case disks/dvd’s sent to the LA FBI office (they printed the
documents thereon, as per Agent Lewis), Steven Martinez, ADIC, here in Los
Angeles (see infra). So, as regards FBI flaws, coverup, etc., I have to believe
it based on my own experience and reasonable inference. I’m currently being ‘stonewalled’ by the LA FBI office
since the departure of FBI Agent Bill Lewis.
GOOGLE SEARCH – ‘LARRY KLAYMAN,
LOUIS FREEH CORRUPT’
ABOUT 6,240 RESULTS (0.11 SECONDS)
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, ...
... 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, ...
“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. ...
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, ...
May 3, 2001 – Because of his corrupt behavior, Freeh was placed on Judicial Watch's ... stated Judicial Watch Chairman and General Counsel Larry Klayman. ...
May 27, 2000 – By Larry Klayman ... While Judicial Watch has asked FBI Director Louis Freeh to .... lawsuits against a corrupt and unrepentant Clinton-Gore ...
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,
· A judgment had been entered in my favor in the case, United States District Court Case #3:93cv02065(AWT)(USDCJ Alvin Thompson), worth approximately now in excess of $300,000 remains unaccounted for and which could be used for payment to creditors, Los Angeles, etc..
· Counsel Robert Sullivan on my behalf documented by way of certification upon investigation that Alan Shiff, USBCJ, had falsely stated a dismissal upon which false statement he predicated a retaliatory and spurious contempt proceeding against me causing substantial damage, and for which he sought Judicial Notice of those and related proceedings as did I in some of my filings.
· The Order of Dismissal With Prejudice by Alan Shiff, USBCJ, owing to Defendant Coan’s failure to file anything whatsoever by the court’s deadline causing creditors and me substantial damages: [ Shiff Order of Dismissal With Prejudice on Coan’s Failure to File Page 1 Page 2 ]
· Defendant Coan had filed an action against me to prevent me from suing him which necessitated me to fly to Connecticut for a hearing before The Honorable Robert N. Chatigny, Chief Judge, USDC, District of Connecticut, who denied Coan’s requested relief as to Coan but precluded my action against Shiff (although there is no immunity, judicial or otherwise, for criminal acts, ie., fraud connected with a case under Title 11, USC, etc.) . [ transcript in pertinent part - http://albertpeia.com/crossexamofcoanbypeia.pdf ]
· Newly appointed judge, Maryanne Trump Barry, Donald Trump’s sister, was assigned the RICO case despite the conflict of interest in light of hundreds of thousands of dollars of illegal (drug) money being laundered through the Trump casinos by the RICO defendants, and despite my motion to recuse her which motion she heard herself and denied, and U.S. Trustee Hugh Leonard with whom I met personally refused to join or file a separate motion to recuse and not long thereafter left said office for private practice at Cole, Shotz, et als on retainer with the RICO defendants as his primary client.
· Probative and evidentiary documents, affidavits, exhibits, including those turned over to FBI Agent Jeff Hayes in Long Beach, CA, had been given to Assistant U.S. Attorney Jonathan Lacey with whom I met personally at the U.S. Attorney’s Office in Newark, N.J., at which time Samuel Alito was U.S. Attorney, and went over said documents and their probative value with him. Within approximately a month thereafter upon inquiry I was told that Jonathon Lacey was no longer with the office, that the file/documents could not be located, and that there was no further information available concerning contacting him or his location. I thereupon delivered by hand, copies of said documents to the office of then U.S. Attorney Alito, addressed to him, with assurance they would go directly to him. In addition to being inept [ I looked in on the one mob case he had brought, bungled, lost (accidently on purpose?) since I was suing some mob-connected under RICO and the court (I had known / previously met outside of court the judge Ackerman through a client) was absolute bedlam and a total joke since incompetent corrupt Alito brought in all 20 mob defendants (rather than prosecute one or a few to flip them first) who feigning illness had beds/cots in the courtroom along with their moans during testimony and had the jury in stitches. As much as I hate the mob, it truly was funny, if not so tragic.], Alito is also corrupt (and maybe corrupt because he is inept). After a reasonable (but still rather short) time I called to determine the status and was told that Alito was no longer with the Office of the U.S. Attorney, that he was (appointed) a federal judge, and that neither the documents nor any file or record of same could be located. Alito did parley the same / cover-up into quid pro quo direct lifetime appointment to the Court of Appeals, 3rd circuit, despite the absence of judicial experience or successful tenure as U.S. Attorney (Maryanne Trump Barry as well). This is the same Sam Alito that now sits on the purported highest court in the land. The real application of the illegal rule ‘don’t ask, don’t tell’.
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) ]
FROM:
TO:
Wednesday, November 16, 2011 8:48 AM
Dear Mr.
Peia:
Thank you for
being in touch. As we continue the busy first session of the 112th
Congress, I want you to know that I am grateful for the various times you have
shared your thoughts and concerns with me on different issues. Please be
assured that your voice is being heard and that your perspective helps me to
better represent you in Washington, D.C.
Sincerely,
LUCILLE ROYBAL-ALLARD
Member of Congress
[ This is a reply to the Congresswoman’s query among others included.]
11-5-11
Dear Congresswoman Roybal-Allard:
The Keynesian (economic) approach, if ever a wise prescription for ‘economic doldrums’, euphemistically speaking (there are articles/studies/data that dispute the purported effectiveness of the widely hailed ‘Keynesian remedy’ during the prior great depression), the ‘Keynesian way’ is certainly no longer a prudent approach today in light of the insurmountable debt levels of nations worldwide and in america particularly along with the concomitant over-printed, debased ‘paper currencies’ to finance same. Quite simply, there simply is not enough real value being created for redistribution, a situation exacerbated by the parasitic lightening fast, computerized churn and earn high frequency trading programs on fraudulent wall street (they should be prosecuted, jailed, fined, and disgorgement imposed for extant frauds in the trillions now marked to anything as per misguided legislated FASB rule change). [ America’s debt woe is worse than Greece’s News (CNN) — ‘Our government is utterly broke …The government’s total indebtedness is $211 trillion’. 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 ] .This is the consequence of a structural shift fed by greed and misguided policy and cannot be undone (transfer of productive capacity to ie., China, etc., ‘the bell cannot be unrung’). That said which militates against such an extension, this is an election year which probabilities suggest makes highly likely the passage of the extension. I favor your co-sponsored legislation and before the holidays simply in the name and spirit of Christmas and for no other reason whatsoever. Below is a recent comment to Opinion Writer Krauthammer’s ‘more war spending (Keynesian) position’ and an article regarding the folly of same. Immediately following is from my prior post to you concerning something of such manageable proportion and well within the government’s ability to resolve (if the government can’t accomplish this consistent with law and long overdue, then there isn’t anything the government can accomplish), along with other comments to you for ease of reference:
‘…As previously noted in a prior message to you, I had previously spoken to FBI Agent Bill Lewis in Washington who was recently promoted to the FBI Headquarters Office (D.C.) from the FBI office here in LA, and who was to be out of the office for the two weeks past. I’ll be contacting him given a reasonable time for him to ‘catch up’, from being out of the office. While independent contractor richard coan is ultimately the one to bear the burden of damages (there’s insurance and a surety covering same), coan might allude to the prior default of the u.s. government (assist. u.s. atty. robert i. lester miscounted / miscalculated the time for filing an answer / response to the complaint upon service thereof, also misstating the rule in open court before corrupt judge matz who ‘schmoozed’ things over (they both have the same employer), however incorrectly according to the ‘law’. I ordered / bought a copy of the transcript of that rather pathetic proceeding (posted in part on my website). In any event, regardless who pays me, the amounts so paid would ultimately be recovered from coan, his insurer/surety which amounts might even exceed the amount I’m willing to settle at. [There is also a judgment (referenced in the correspondence to FBI ADIC Martinez infra) that had been entered in my favor in the case, United States District Court Case #3:93cv02065(AWT)(USDCJ Alvin Thompson), worth approximately now in excess of $300,000 remains unaccounted for and which would benefit Los Angeles, etc.; and then, of course as well, the substantial damages. ] I’ve waited far too long for this matter to resolve, what should have been resolved in accordance with clear law long ago; and, which would have been resolved if not for typical u.s. corruption in the process; and, which is well within the government’s ability to resolve. In my world and way of thinking, results do count! I’ve included prior correspondence for ease of reference…’
Sincerely,
Albert L. Peia
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
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.”
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 }
9-7-12 8.1%
+96,000
FED
SET TO PUMP
368,000
DROPPED OUT
88,921,000
'NOT IN LABOR FORCE'
Milbank:
Demigod falls to earth... { After four years of unbridled,
unfounded, blind faith in and defense of wobama the b for b***s***, it truly
makes my heart soar to see Mr. Milbank finally walk into the light! Indeed,
David Bowie (Nicholas Roeg’s ‘Man Who Fell to Earth’), wobama is not; not that
even David Bowie could have siphoned/drained the vote as did
grifter/conman/parasite obama. Yet, it cannot be denied that nobody, no news
organization, not even a government agency did their homework in vetting this
complete and utter fraud called ‘barack obama’! } ‘…After a couple of nights at the Time Warner Cable
Arena, the convention was to have closed with President Obama’s acceptance
speech at the Bank of America Stadium, where convention officials were planning
to squeeze nearly 6,000 seats onto the field to expand the stadium’s capacity
beyond its usual 74,000. But the
speedway event was canceled — ostensibly because of logistical problems but
more likely because convention
fundraising was running low. Then the Democrats canceled
the stadium event in favor of the smaller arena — ostensibly because of
“severe thunderstorm” concerns but more likely because they couldn’t be sure
enough people would come to fill the stadium.In fact, the forecast hadn’t
called for severe weather, and conditions were fine Thursday night. The change
caused thousands
to be turned away, and the crush of crowds at the arena led authorities at
one point to lock down the building for a second straight night – leaving some
delegates on the street while lobbyists enjoyed the proceedings inside…’
CLINT
SPEAKS: Obama 'greatest hoax ever perpetrated on American people'...
{ I think Clint is too kind in euphemistically referring to and characterizing
wobama as merely a hoax as opposed to the indisputable fraud, grifter, conman
that obama most certainly is! }
White
House to miss deadline for report on 'fiscal cliff' budget cuts...
O: I'M
NOT DONE YET { He’s done! }
NOONAN:
'Stale and empty... he is out of juice'...
OBAMA
HAMMERED IN FIRST REVIEWS...
FROM
THE LEFT: TOMASKY: Pedestrian and Overconfident...
FROM
THE RIGHT: KRAUTHAMMER: 'One Of The Emptiest I Have Ever Heard'...
AP:
Obama and the phantom peace dividend...
'VOTE
BLACK'/‘VOTE NIGGER’ BUTTONS HIT
CONVENTION HALL...
WOODWARD:
White House so stunned by 2010 GOP triumph, it didn't even have Boehner's phone
number...
Drudgereport: UPDATE:
Obama gives himself an 'incomplete' grade... { Wow! The audacity! The unmitigated gall!
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. Did wobama expect that these things would in choom fashion magically
come to fruition while he was ‘workin on his tan’, golf swing, or shootin’
hoops on the taxpayer dime? http://albertpeia.com/wobamaschoomgangfantasy.htm
The
point is that you don’t have to love Romney but you at least have to like
yourself in saying ‘NO!’ to more wobama b***s*** which is all that he is. Have
some self-respect. His grade is unequivocally ‘F’ for failure, having failed to
do as promised which coincidentally is a direct cause among others of this
debacle called america’s dark obama years. All the talk/b***s*** cannot change
that reality. }
Poll: R
48% O 44%
RASMUSSEN:
ROMNEY 47% OBAMA 44%...
GALLUP:
ROMNEY 47% OBAMA 46%...
Dem
Gov.: We're Not Better Off Now...
GALLUP:
Obama Job Approval Drops to 43%...
http://albertpeia.com/40statsyourenotbetteroff.htm
9-6-12 O: I'M
NOT DONE YET { He’s done! }
NOONAN:
'Stale and empty... he is out of juice'...
OBAMA HAMMERED IN FIRST REVIEWS...
FROM
THE LEFT: TOMASKY: Pedestrian and Overconfident...
FROM
THE RIGHT: KRAUTHAMMER: 'One Of The Emptiest I Have Ever Heard'...
AP:
Obama and the phantom peace dividend...
Reporters
Using 'Fake Names' to Buy Campaign Merchandise and Donate at DNC...
DNC
delegates: Let's ban corporate profits!
Greek
unemployment rises to 24.4%...
Separatism
threatens future of Spain...
Hungarian
Leader 'Unfriends' IMF on His FACEBOOK Page, Rejects Tough Loan Conditions...
REPORT:
San Antonio Mayor Castro 'Doesn't Really Speak Spanish,' Had To Hire Tutor...
Lobotomy
Joe’s derivative, hypothetical endorsement from ‘One Step Beyond’: 'My dad respected Barack Obama - would've
respected Barack Obama if he'd been around'...
UPDATE:
Woman Who Contracted Flesh-Eating Bacteria From Dog Saliva Dies...
'VOTE
BLACK'/‘VOTE NIGGER’ BUTTONS HIT
CONVENTION HALL...
WOODWARD:
White House so stunned by 2010 GOP triumph, it didn't even have Boehner's phone
number...
Drudgereport: UPDATE:
Obama gives himself an 'incomplete' grade... { Wow! The audacity! The unmitigated gall!
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. Did wobama expect that these things would in choom fashion magically
come to fruition while he was ‘workin on his tan’, golf swing, or shootin’
hoops on the taxpayer dime? http://albertpeia.com/wobamaschoomgangfantasy.htm
The point is that you don’t have to
love Romney but you at least have to like yourself in saying ‘NO!’ to more
wobama b***s*** which is all that he is. Have some self-respect. His grade is
unequivocally ‘F’ for failure, having failed to do as promised which
coincidentally is a direct cause among others of this debacle called america’s
dark obama years. All the talk/b***s*** cannot change that reality. }
Poll: R
48% O 44%
RASMUSSEN:
ROMNEY 47% OBAMA 44%...
GALLUP:
ROMNEY 47% OBAMA 46%...
Dem
Gov.: We're Not Better Off Now...
GALLUP:
Obama Job Approval Drops to 43%...
Submitted by Tyler
Durden on 09/05/2012 That
the SEC is the most incompetent, corrupt, irrelevant and captured organization
"serving" the US public is known by everyone. And while the details
of the SEC's glaring lack of capacity to do anything to restore
investor confidence in the capital markets, which has become a casino used
exclusively by Wall Street to defraud any retail investor still stupid enough
to play (which lately a moot point as there have been no material retail
inflows into mutual funds in over three years), are scattered, courtesy of
Bloomberg we now have the best summary of just how the utterly clueless SEC is
a muppet plaything of Wall Street, and together with it, the "grand
regulation" that was supposed to keep Wall Street in check, is nothing but
what Wall Street demand it to be, and forced the SEC, way over its head on
regulation, to accept every change, that the very banks that are supposed to be
regulated, demands as part of Dodd-Frank reforms. In short: everything we know about
Wall Street 'regulation' has been a farce, and a lie, exclusively thanks to
corruption rampant at the now documentedly incompetent Securities And Exchange
Commission.
http://albertpeia.com/outrageoushospitalbills.htm
September 5, 2012 http://albertpeia.com/nextroundeuimplosionnow.htm
http://albertpeia.com/outrageoushospitalbills.htm
9-5-12 Drudgereport: Dems Ram 'God' and Jerusalem
Back into Platform...
VIDEO...
Delegates at convention boo,
hiss, jeer...
REPORT: Obama had seen
language prior to convention 'but did not seek to change it'...
HALL DIVIDED...
Jewish, Palestinian Leaders
Fume...
Romney: 'I think it's a very
sad day'...
'VOTE BLACK'/‘VOTE
NIGGER’ BUTTONS HIT CONVENTION HALL...
WOODWARD: White House so
stunned by 2010 GOP triumph, it didn't even have Boehner's phone number...
Drudgereport: UPDATE: Obama gives himself
an 'incomplete' grade... {
Wow! The audacity! The unmitigated gall! 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. Did wobama expect
that these things would in choom fashion magically come to fruition while he
was ‘workin on his tan’, golf swing, or shootin’ hoops on the taxpayer dime? http://albertpeia.com/wobamaschoomgangfantasy.htm
The point is that you don’t have to love Romney but you at least have to
like yourself in saying ‘NO!’ to more wobama b***s*** which is all that he is.
Have some self-respect. His grade is unequivocally ‘F’ for failure, having
failed to do as promised which coincidentally is a direct cause among others of
this debacle called america’s dark obama years. All the talk/b***s*** cannot
change that reality. }
Poll: R 48% O 44%
RASMUSSEN: ROMNEY 47% OBAMA 44%...
GALLUP: ROMNEY 47% OBAMA
46%...
Dem Gov.: We're Not Better
Off Now...
GALLUP: Obama Job Approval
Drops to 43%...
Dave’s Daily: http://www.etfdigest.com
‘ALGO DRIVEN TRADING DOMINATES TUESDAY 9-4-12 The basic news on the day was
universally poor and the market reacted negatively, even logically. But as the
day wore on the trusty 2:15 PM Buy Program Express took the lead and pushed
markets higher. It can only be the result of the ongoing “bad news is good” theme indicating more QE
must be on the way. And, let’s face it, our crack addicted trading desks believe
in the Bernanke Put and the global central bank put. It’s quite apparent reading
the news from China this morning as pundits were universally calling for more
PBOC stimulus—it’s QE contagion. Moody’s cut their European
outlook to negative …’ , 18
Indications That Europe Has Become An Economic Black Hole Which Is Going To
Suck The Life Out Of The Global Economy
http://albertpeia.com/18indicationseuropesuckinglifeofglobaleconomy.htm ,
THREE CHARTS TO WATCH FOR SIGNS OF WHAT’S TO COME http://albertpeia.com/3chartstowatchwhatscoming.htm , Economic
Failure: 58 Percent Of The Jobs Being Created Are Low Paying Jobs http://albertpeia.com/oecofailureandlowpayjobs.htm , 19
Signs That Israel And Iran Are On The Verge Of War http://albertpeia.com/israeliranonvergeofwar.htm
Drudgereport:
UPDATE:
Obama gives himself an 'incomplete' grade... { Wow! The audacity! The unmitigated gall!
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. Did wobama expect that these things would in choom fashion magically
come to fruition while he was ‘workin on his tan’, golf swing, or shootin’
hoops on the taxpayer dime? http://albertpeia.com/wobamaschoomgangfantasy.htm
The point is that you don’t have to love Romney but
you at least have to like yourself in saying ‘NO!’ to more wobama b***s***
which is all that he is. Have some self-respect. His grade is unequivocally ‘F’
for failure, having failed to do as promised which coincidentally is a direct
cause among others of this debacle called america’s dark obama years. All the
talk/b***s*** cannot change that reality.
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!
Poll: R
48% O 44%
RASMUSSEN:
ROMNEY 47% OBAMA 44%...
GALLUP:
ROMNEY 47% OBAMA 46%...
Dem
Gov.: We're Not Better Off Now...
GALLUP:
Obama Job Approval Drops to 43%...
PROTESTERS
VOW BIGGER CROWDS IN CHARLOTTE...
'Occupy'
encampment re-opens near Dem convention...
DNC
security rules trigger free speech worries...
KING:
Obama presidency has been time of deep Dem decline...
Frustrated
union leader throws empty chair...
RECORD-HIGH
LABOR DAY GAS PRICES GREET DEMS IN CHARLOTTE...
RYAN:
President 'running campaign based on envy and division'...
GOP
launches 'Obama Isn't Working' message...
SUNDAY:
Dem Gov. -- We're Not Better Off Now...
MONDAY:
'We're Clearly Better Off'...
BIDEN:
'If It Weren't So Hot I'd Go Into Detail'...
Debt
to hit $16 trillion just as party gavel in convention...
Dems
to bus in black church members from SC...
ID
required to attend...
'GODFATHER'
TO CUT DNC TRIP SHORT...
Chicago
schools brace for strike...
Dems
Drop 'God' From Party Platform...
REUTERS
PHOTO DEPICTS HARRY IN HELLFIRE...
Endorse
taxpayer-funded abortions...
DNC Video:
'The Government Is The Only Thing We All Belong To'...
ABCNEWSWASHPOST
POLL: Obama personal popularity fading...
Women Turning...
DEBT
TOPS $16T...
$136,249
Per Household...
FOOD
STAMP USE CLIMBS TO RECORD 46.7 MILLION...
Key
SOLYNDRA figure 'ran for exit' after seeing ABCNEWS cameras on DNC floor...
UPDATE:
Obama gives himself an 'incomplete' grade...
POLL:
Just 40% say he deserves second term...
POLL:
Less Than Half of Army Officers in Afghanistan Report High Morale...
Panicking
Spaniards Pull Out Cash, Leave Country...
Depression,
Suicides Rise as Euro Debt Crisis Intensifies...
MOODY'S
Changes Rating Outlook to 'Negative'...
COPS:
Mother Forces 10-Year-Old Boy To Rob House... { Shafique
(black) and her son ran away but Lynnwood police arrested her. They found a
stolen laptop and crack cocaine. }
http://albertpeia.com/18indicationseuropesuckinglifeofglobaleconomy.htm
September 4, 2012 http://gainspainscapital.com http://albertpeia.com/3chartstowatchwhatscoming.htm
http://theeconomiccollapseblog.com
http://albertpeia.com/oecofailureandlowpayjobs.htm
9-4-12
Drudgereport:
UPDATE:
Obama gives himself an 'incomplete' grade... { Wow! The audacity! The unmitigated gall!
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. Did wobama expect that these things would in choom fashion magically
come to fruition while he was ‘working on his tan’, golf swing, or shootin’
hoops on the taxpayer dime? http://albertpeia.com/wobamaschoomgangfantasy.htm
The
point is that you don’t have to love Romney but you at least have to like
yourself in saying ‘NO!’ to more wobama b***s*** which is all that he is. Have
some self-respect. His grade is unequivocally ‘F’ for failure, having failed to
do as promised which coincidentally is a direct cause among others of this
debacle called america’s dark obama years. All the talk/b***s*** cannot change
that reality. }
Poll: R
48% O 44%
RASMUSSEN:
ROMNEY 47% OBAMA 44%...
GALLUP:
ROMNEY 47% OBAMA 46%...
Dem
Gov.: We're Not Better Off Now...
GALLUP:
Obama Job Approval Drops to 43%...
PROTESTERS
VOW BIGGER CROWDS IN CHARLOTTE...
'Occupy'
encampment re-opens near Dem convention...
DNC
security rules trigger free speech worries...
KING:
Obama presidency has been time of deep Dem decline...
Frustrated
union leader throws empty chair...
RECORD-HIGH
LABOR DAY GAS PRICES GREET DEMS IN CHARLOTTE...
RYAN:
President 'running campaign based on envy and division'...
GOP
launches 'Obama Isn't Working' message...
SUNDAY:
Dem Gov. -- We're Not Better Off Now...
MONDAY:
'We're Clearly Better Off'...
BIDEN:
'If It Weren't So Hot I'd Go Into Detail'...
Debt
to hit $16 trillion just as party gavel in convention...
Dems
to bus in black church members from SC...
ID
required to attend...
'GODFATHER'
TO CUT DNC TRIP SHORT...
Chicago
schools brace for strike...
Dems
Drop 'God' From Party Platform...
REUTERS
PHOTO DEPICTS HARRY IN HELLFIRE...
Endorse
taxpayer-funded abortions...
DNC Video:
'The Government Is The Only Thing We All Belong To'...
ABCNEWSWASHPOST
POLL: Obama personal popularity fading...
Women Turning...
DEBT
TOPS $16T...
$136,249
Per Household...
FOOD
STAMP USE CLIMBS TO RECORD 46.7 MILLION...
Key
SOLYNDRA figure 'ran for exit' after seeing ABCNEWS cameras on DNC floor...
UPDATE:
Obama gives himself an 'incomplete' grade...
POLL:
Just 40% say he deserves second term...
POLL:
Less Than Half of Army Officers in Afghanistan Report High Morale...
Panicking
Spaniards Pull Out Cash, Leave Country...
Depression,
Suicides Rise as Euro Debt Crisis Intensifies...
MOODY'S
Changes Rating Outlook to 'Negative'...
COPS:
Mother Forces 10-Year-Old Boy To Rob House... { Shafique
(black) and her son ran away but Lynnwood police arrested her. They found a
stolen laptop and crack cocaine. }
8-31-12 Dave’s
Daily: http://www.etfdigest.com
BERNANKE SHOWS UP, STOCKS RALLY
8-31-12 { Absolutely amazing that something that’s failed so miserably for
all but the frauds on wall street, the price for which will be paid by others
now and in futuro could be an accepted/anticipated/cheered strategy- How
totally pathetic! How about real valuations based upon real finance, economics
as opposed to the fraudulent wall street feel good from inflationary dollar
debasement at everybody else’s expense! – … Regarding
the rally? There’s a blazing full, blue moon up there which has such
effect on lunatics as are on wall street and now in nations/markets worldwide!
}
8-31-12 CHICAGOLAND:
SHOOTING BLOCK FROM OBAMA'S HOUSE; 2ND IN WEEK
Global
food prices jump 10% in month!
Bernanke
spells out feeble state of economy...
Defends
Bond Buying…{for fraudulent wall street’s benefit only-you’re paying for it, in
higher prices, etc., there’s no free lunch}...
Oil
surges...
Japan
to cut state spending, could run out of money in month...
LANCE
ARMSTRONG'S PERSONAL ASSISTANT UNLOADS... http://www.outsideonline.com/outdoor-adventure/biking/road-biking/My-Life-With-Lance-Armstrong.html { What a total scumbag atheist lance
armstrong is! He’s really bad news! What a total fraud armstrong is! }
Dave’s Daily: http://www.etfdigest.com
PROTECT YOURSELF AT ALL TIMES
8-30-12 { Carbon-based unit indeed, Dave. Brings to mind that great first
installment of what was to breathe life into that ultimately hugely successful
franchise, ‘Star Trek’; viz., the profound ‘Star Trek: The Movie’, directed by
no less than Robert Wise (‘The Day the Earth Stood Still’) himself. } There’s enough ideas about what to do now as
Bernanke steps to the plate Friday to either regurgitate familiar messages,
provide more QE, conduct more coordinated QE with other central banks or
something not imagined by this carbon based investor…’
Clint Eastwood to speak at the Republican National Convention:
reports { Indeed he did! All is
not unforgiven. That’s a double-negative, Clint, meaning all’s forgiven ( I
just wanted to interject his oscar-winning ‘Unforgiven’ for the record, along
with ‘Million Dollar Baby’) for your pro-gay marriage, don’t give a f***
egalitarian position (I actually thought in light thereof he was a ‘wobama
man’)... 82 and still truckin’ in a big way…what a guy…I’m impressed…he made
our day! ( There are some detractors, talkin’ this and that about his speech;
but, the point is that Clint’s doing it, not just talkin’ about it! ) Well Done,
Clint! I’m also adding here for the
record the fact that Robert Duvall did a fundraiser for President Romney with
First Lady Ann Romney; and, had an underrated, underappreciated superb (less
than big budget) film of his own, ‘Assassination Tango’, which in light of
nuanced performance and attention to detail deserved greater attention and
acclaim ( any guy whose been offered a free poke from Diane Lane [‘Lonesome
Dove’] and loves the smell of napalm in the morning [the great ‘Apocalypse
Now’] is more than okay in my book). And, Jon Voight: The Advocate … Who woulda
thunk it? Cogent and relevant! } , Tokyo
court rules that Samsung did not infringe on Apple patent AP { This
is a very big deal! } , More
Bad News Imminent: August US Auto Production Set To Plunge By Most In 16 Months , What
Americans Actually Do All Day Long - In Three Charts ZeroHedge.com The average American spends 9 hours, 12 minutes, and 36 seconds
'Working & Commuting' on an average workday. Wonder what they do with the
rest of their precious 'unproductive and non-tax-providing' day?
Clint Eastwood to speak at the Republican National Convention:
reports { Indeed he did! All is
not unforgiven. That’s a double-negative, Clint, meaning all’s forgiven
( I just wanted to interject his oscar-winning ‘Unforgiven’ for the
record, along with ‘Million Dollar Baby’) for your
pro-gay marriage, don’t give a f*** egalitarian position (I actually
thought in light thereof he was a ‘wobama man’)... 82 and
still truckin’ in a big way…what a guy…I’m impressed…he made our
day! ( There are some detractors, talkin’ this and
that about his speech; but, the point is that Clint’s doing it,
not just talkin’ about it! ) Well Done, Clint! I’m also adding here for the record the
fact that Robert Duvall did a fundraiser for President Romney with First Lady
Ann Romney; and, had an underrated, underappreciated superb (less than big
budget) film of his own, ‘Assassination Tango’, which in
light of nuanced performance and attention to detail deserved greater attention
and acclaim ( any guy whose been offered a free poke from Diane Lane [‘Lonesome
Dove’] and loves the smell of napalm in the morning [the
great ‘Apocalypse Now’] is more
than okay in my book). And, Jon Voight: The Advocate … Who woulda
thunk it? Cogent and relevant! }
Submitted
by Tyler Durden on 08/30/2012 - 18:39
The average
American spends 9 hours, 12 minutes, and 36 seconds 'Working & Commuting'
on an average workday. Wonder what they do with the rest of their precious
'unproductive and non-tax-providing' day?
http://albertpeia.com/whattheydo.png
http://theeconomiccollapseblog.com
http://albertpeia.com/proscons50states.htm
{ You really can’t dismiss this brief/simplistic survey out of hand;
after all, he gets the the following almost right (jersey should be ranked
below all; ie., ‘F-‘ !) New Jersey: Pros: anyone got something? Cons:
high population density, Camden, Newark, not enough jobs, multiple nuclear
power plants,Atlantic City, crime, gang violence Overall Rating: D- /
California: Pros: Disneyland, warm weather, Malibu Cons: high taxes, Jerry Brown, earthquakes,
mudslides, wildfires, gang violence, crime, traffic, rampant poverty, insane
politicians, ridiculous regulations, bad schools, political correctness,
illegal immigration, not enough jobs, air pollution, multiple nuclear power
plants, possible tsunami threat along the coast, Los Angeles, San Francisco,
Oakland, Stockton, Sacramento, huge drug problem, high population density, the
state government is broke, many more reasons to leave California right here http://albertpeia.com/16reasonstomoveawayfromcalifornia.htm http://albertpeia.com/hopelesscluelesscalifornia.htm Overall Rating: F }
8-30-12 President
Romney Biographical Tribute Airs at RNC...
OBAMA:
I Didn't Do Good Enough Job Selling Americans On Stimulus Plan...
Billboard
features child flipping off president...
Half
of Americans die nearly broke...
REPORT:
Correspondence and collusion between NYT and CIA...
Gasoline
To Hit Labor Day Record Price...
University of Virginia Declines Obama Campaign Request...
EX-NFL
GREAT TO BLACKS: SAY NO TO OBAMA...
70%
of Obama's 19 million TWITTER followers fake...
CHICAGOLAND:
13 shot in 30-minute span...
FLASHBACK:
Obama -- 'Chicago Is Example of What Makes This Country Great' { Wow! Talk
about choom fantasy… unless you’re a fan of…Al Capone! } ...
FOXNEWS
POLL: Romney Pulls Into Lead...
Republicans eye return to gold standard...
Romney
Reiterates He Would Replace Bernanke...
Analysis:
Incomes Fall More Under Obama...
Big
Loss for Those Near Retirement...
USA
$20 trillion in debt by 2016...
Obama
Has Stolen $5.3 Trillion From Our Children In Order To Make Himself Look Good
http://albertpeia.com/obamastole5plustrillionfromuschildrentohidehisfailure.htm
8-29-12 SHOCK
CLAIM: Obama Honors Fallen SEALs By Sending Parents Form Letter Signed By
Electric Pen...
25+
INCHES OF RAIN SLAMS LA...
MRS.
AMERICA { Indeed! Her speech
was well delivered, poignant, truthful and touching! }
CHRISTIE
SPEECH: TEXT... { I had no
idea Gov. Christie was a former federal prosecutor. Maybe he could find out
what happened to asst. us attorney Jonathon Lacey, the files/documents/exhibits
etc., from as well, former us attorney alito and fed judge maryanne trump
barry, former us trustee Leonard, etc. … http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
http://albertpeia.com/fbimartinezcongallard.htm }
Gasoline
To Hit Labor Day Record Price...
Dave’s Daily: http://www.etfdigest.com
‘QE QUESTIONS { To QE or
not to QE, that is the question…whether it is nobler in the mind to suffer the
slings and arrows of outrageous destruction of fortunes … ah, yes … good choice
Dave … I know those soliloquies by heart…and now, a little Lewis Carroll with a
mad hatter none other than helicopter-ben-shalom-bernanke … }
Drudgereport: Gasoline To Hit Labor Day Record
Price... { Predominantly the consequence of failed QE for the
benefit of fraudulent wall street only and wobama’s (failed) re-election scam!
} ,
Is
There Going To Be A Stock Market Crash In The Fall? http://albertpeia.com/stockmarketcrashcoming.htm { Short answer, YES! If there’s still any rationality
left in these stock markets! } , FOUR REASONS WHY THE FED WILL NOT ANNOUNCE
QE 3 THIS FRIDAY gpc1981 http://albertpeia.com/4reasonsnoqe3.htm , $16,OOO,OOO,OOO,OOOBAMA! ZeroHedge.com November
16, 2011 was a historic date: that's when the US officially surpassed $15
trillion in debt for the first time since World War 2. We celebrated it by
cheering $15,OOO,OOO,OOO,OOOBAMA. Today, August 28, 2012, is when we can unofficially
celebrate again, because 286 days after the last major milestone was surpassed
with disturbing ease, total US debt following today's $35 billion auction of 2
Year bonds is, well, in a word: $16,OOO,OOO,OOO,OOOBAMA
"Everybody's going to war but we don't know what we are fighting
for."– Nerina Pallot, from "Everybody's
Gone to War"
Henry
Paulson Confronted on Threatening Congress With Martial Law
We
Are Change | Paulson’s cronies strong arm
citizen journalists to prevent questions to former Treasury Secretary and
Goldman Sachs executive.
Blunt Christie tells Republicans it's time to face fiscal truth - TAMPA, Florida (Reuters) - New Jersey
Governor Chris Christie accused Democrats of refusing to tell Americans the
truth about the depth of the country's deep fiscal woes on Tuesday in a
pugnacious... { I had no idea Gov. Christie was a former
federal prosecutor. Maybe he could find out what happened to asst. us attorney
Jonathon Lacey, the files/documents/exhibits etc., from as well, former us
attorney alito and fed judge maryanne trump barry, former us trustee leonard … http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
http://albertpeia.com/fbimartinezcongallard.htm }
Infowars.com | A book
of lies geared to cover up more lies.
http://albertpeia.com/binladendeathbookhoax.htm
Obama campaign unleashing 'the Big Dog' in battleground states
{ Riiiiight! The big dog…who found a way to poop up the presidency after being
gifted with a huge end of cold war peace dividend courtesy of predominantly
Reagan. Yes, on route to blowing the job, despite his support for NAFTA, he did
get quite a few…blow(n) jobs… http://albertpeia.com/bigdogpoop.htm }
Texas judge warns of possible ‘civil war’ if President Obama is
re-elected
Romney: My health care plan is superior to Obama's
http://albertpeia.com/stockmarketcrashcoming.htm
{ Short
answer, YES! If there’s still any rationality left in these stock markets!
}
8-28-12 MRS.
AMERICA { Indeed! Her speech
was well delivered, poignant, truthful and touching! }
CHRISTIE
SPEECH: TEXT... { I had no idea Gov. Christie was a former
federal prosecutor. Maybe he could find out what happened to asst. us attorney Jonathon
Lacey, the files/documents/exhibits etc., from as well, former us attorney
alito and fed judge maryanne trump barry, former us trustee Leonard, etc. … http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
http://albertpeia.com/fbimartinezcongallard.htm }
Gasoline
To Hit Labor Day Record Price...
University of Virginia Declines Obama Campaign Request...
EX-NFL
GREAT TO BLACKS: SAY NO TO OBAMA...
70%
of Obama's 19 million TWITTER followers fake...
CHICAGOLAND:
13 shot in 30-minute span...
FLASHBACK:
Obama -- 'Chicago Is Example of What Makes This Country Great' { Wow! Talk
about choom fantasy… unless you’re a fan of…Al Capone! } ...
FOXNEWS
POLL: Romney Pulls Into Lead...
Republicans
eye return to gold standard...
Romney
Reiterates He Would Replace Bernanke...
Analysis:
Incomes Fall More Under Obama...
Big
Loss for Those Near Retirement...
USA
$20 trillion in debt by 2016...
FABER:
Odds of Global Recession Are 100%...
Texas Judge Preparing For 'Civil War' If Obama Re-Elected...
ROMNEY:
President 'Has Tried To Substitute Government For Free People'...
PAPER:
THE LEFT HAS BEEN TOO KIND TO OBAMA...
Postal
Worker's Vacation Halts Mail In Jersey City, NJ...
TINA FROWN! { Newsweek on wobama’s failed presidency –
Newsweek relevant! http://albertpeia.com/hittheroadborackanddontyoucomebacknomorenomorenomorenomore.htm }
GALLUP:
ROMNEY 47% OBAMA 45%
Doug
Casey Predicts Day of Economic Reckoning Is Near (Casey Research
8-27-12) http://albertpeia.com/caseysayseconomicreckoningnear.htm ,
ANGELA MERKEL JUST REVEALED THE TRUTH ABOUT EUROPE gpc1981 http://albertpeia.com/truthabouteurope.htm , It
Is Not Just Your Imagination - American Families ARE Getting Poorer http://albertpeia.com/americansgettingpoorer.htm , A
Flashing Warning On The "Unintended Consequences" Of Ultra Easy
Monetary Policy From... The Fed?!
Zerohedge.com , Guest
Post: The Endless War: Saudi Arabia Goes On The Offensive Against Iran , When
Channel-Stuffing Comes Home? GM 'Idles' Volt Production (Again)
Infowars.com | A book
of lies geared to cover up more lies.
http://albertpeia.com/binladendeathbookhoax.htm
Obama campaign unleashing 'the Big Dog' in battleground states
{ Riiiiight! The big dog…who found a way to poop up the presidency after being
gifted with a huge end of cold war peace dividend courtesy of predominantly
Reagan. Yes, on route to blowing the job, despite his support for NAFTA, he did
get quite a few…blow(n) jobs… http://albertpeia.com/bigdogpoop.htm }
Texas judge warns of possible ‘civil war’ if President Obama is
re-elected
Romney: My health care plan is superior to Obama's
http://albertpeia.com/americansgettingpoorer.htm
8-27-12 Protesters
Dressed As Giant Vaginas Greet Delegates... { Indeed…what a bunch of
c**ts…just kidding! } Video...
'Kill
Mitt Romney' FACEBOOK Page Has 27 Likes, Still Online... {The
epitomy of hypocrisy and desperation!}
FEDS: Too few Americans 'turn to the government for assistance'...
BOX
OFFICE: Anti-Obama Movie #1... Developing...
University of Virginia Declines Obama Campaign Request...
EX-NFL
GREAT TO BLACKS: SAY NO TO OBAMA...
70%
of Obama's 19 million TWITTER followers fake...
Godfather
on Casino: 'I Want it For Our Kids'...
CHICAGOLAND:
13 shot in 30-minute span...
FLASHBACK:
Obama -- 'Chicago Is Example of What Makes This Country Great' { Wow! Talk
about choom fantasy… unless you’re a fan of…Al Capone! } ...
FOXNEWS
POLL: Romney Pulls Into Lead...
Republicans
eye return to gold standard...
Romney
Reiterates He Would Replace Bernanke...
Analysis:
Incomes Fall More Under Obama...
Big
Loss for Those Near Retirement...
USA
$20 trillion in debt by 2016...
FABER:
Odds of Global Recession Are 100%...
Texas Judge Preparing For 'Civil War' If Obama Re-Elected...
ROMNEY:
President 'Has Tried To Substitute Government For Free People'...
PAPER:
THE LEFT HAS BEEN TOO KIND TO OBAMA...
Postal
Worker's Vacation Halts Mail In Jersey City, NJ...
TINA FROWN! { Newsweek on wobama’s failed presidency –
Newsweek relevant! http://albertpeia.com/hittheroadborackanddontyoucomebacknomorenomorenomorenomore.htm }
GALLUP:
ROMNEY 47% OBAMA 45%
ROMNEY:
Time to Audit the Fed...
GAS
PRICES SET RECORD...
Poll:
Not better off now than in 2008...
SHOCK
POLL: Romney beats Obama in Chicago suburbs...
SPIKE
IN ARMED ROBBERIES, SAVAGE BEATINGS ON CAPITOL HILL...
Crime
jumps 64%...
NOONAN:
If Biden Were Republican, Topic Would Be 'How Stupid Is This Person?'
{ Well, in fairness, a distinction is carved out for Lobotomy Joe who really
did have part of his brain surgically removed! } FACEBOOK
FALLS TO HALF OF PUBLIC OFFERING PRICE...
8-24-12 Dave’s Daily: http://www.etfdigest.com
‘THE FED’S ORACLE KEEPS STOCKS
GREEN 8-24-12 With stock markets actually threatening a red week enter the
Fed’s oracle, the WSJ’s Jon Hilsenrath with a Bernanke
regurgitated “stick save” QE algos glommed on which rallied stocks., AN OPEN LETTER
TO THE MSFM: QE 3 ISN’T COMING, GIVE UP
By gpc1981 http://albertpeia.com/qe3notcoming.htm , Guest
Post: Trading on Yesterday's News – What Does the Stock Market Really 'Know'? ZeroHedge.com We have critically examined the question of whether the stock market 'discounts' anything on several
previous occasions. The question was for instance raised in the context of what
happened in the second half of 2007. Surely by October 2007 it must have
been crystal clear even to people with the intellectual capacity of a lamp post
and the attention span of a fly that something was greatly amiss in the
mortgage credit market. Then, just as now, both the ECB and the Fed had
begun to take emergency measures to keep the banking system from keeling over
in August. This brings to mind the 'potent directors fallacy' which is
the belief held by investors that someone – either the monetary authority, the
treasury department, or a consortium of bankers, or nowadays e.g. the
government of China – will come to their rescue when the market begins to fall. 'They' won't allow the market to decline!' 'They' won't allow a
recession to occur!' 'They can't let the market go down in an election year!' All of
these are often heard phrases. This brings us to today's markets. Nowadays,
traders are not only not attempting to 'discount' anything, they are investing
with their eyes firmly fixed on the rear-view mirror – they effectively trade on yesterday's news. { It bears repeating that never in history have the markets
become so disconnected from fundamental finance, valuation, an reality and so
completely and utterly fraudulent. I believe that computerization facilitating
multiple frauds at lightning speed, over and over again and again along with
re-hypothecation of already worthless paper at similar speeds is in part the
reason for the prevalence of such fraud along with the breakdown of american
among other societies into what yesteryear would have been scorned as ‘banana
republics’ without any meaningful rules of law whatsoever and pervasive, almost
blatant, corruption at every level. (This
is not to blame computers for the bad use they’re put to.) }
Thank You Wall
Street Thanks for
everything... http://albertpeia.com/thanksfraudulentwallstreet.png
Obama campaign unleashing 'the Big Dog' in battleground states
{ Riiiiight! The big dog…who found a way to poop up the presidency after being
gifted with a huge end of cold war peace dividend courtesy of predominantly
Reagan. Yes, on route to blowing the job, despite his support for NAFTA, he did
get quite a few…blow(n) jobs… http://albertpeia.com/bigdogpoop.htm }
Texas judge warns of possible ‘civil war’ if President Obama is
re-elected
Romney: My health care plan is superior to Obama's
http://albertpeia.com/forsakenforgotten.htm
8-24-12 BOX
OFFICE: Anti-Obama Movie #1... Developing...
University of Virginia Declines Obama Campaign Request...
EX-NFL
GREAT TO BLACKS: SAY NO TO OBAMA...
70%
of Obama's 19 million TWITTER followers fake...
Romney
To Hometown Crowd: 'No One Has Asked To See My Birth Certificate'...
Godfather
on Casino: 'I Want it For Our Kids'...
CHICAGOLAND:
13 shot in 30-minute span...
FLASHBACK:
Obama -- 'Chicago Is Example of What Makes This Country Great' { Wow! Talk
about choom fantasy… unless you’re a fan of…Al Capone! } ...
FOXNEWS
POLL: Romney Pulls Into Lead...
Republicans
eye return to gold standard...
Romney
Reiterates He Would Replace Bernanke...
Analysis:
Incomes Fall More Under Obama...
Big
Loss for Those Near Retirement...
USA
$20 trillion in debt by 2016...
FABER:
Odds of Global Recession Are 100%...
Obama campaign unleashing 'the Big Dog' in battleground states
{ Riiiiight! The big dog…who found a way to poop up the presidency after being
gifted with a huge end of cold war peace dividend courtesy of predominantly
Reagan. Yes, on route to blowing the job, despite his support for NAFTA, he did
get quite a few…blow(n) jobs… http://albertpeia.com/bigdogpoop.htm }
Texas judge warns of possible ‘civil war’ if President Obama is
re-elected
Romney: My health care plan is superior to Obama's
8-23-12 FOXNEWS
POLL: Romney Pulls Into Lead...
Republicans
eye return to gold standard...
Romney
Reiterates He Would Replace Bernanke...
Analysis:
Incomes Fall More Under Obama...
Big
Loss for Those Near Retirement...
USA
$20 trillion in debt by 2016...
FABER:
Odds of Global Recession Are 100%...
Texas Judge Preparing For 'Civil War' If Obama Re-Elected...
ROMNEY:
President 'Has Tried To Substitute Government For Free People'...
PAPER:
THE LEFT HAS BEEN TOO KIND TO OBAMA...
Postal
Worker's Vacation Halts Mail In Jersey City, NJ...
TINA FROWN! { Newsweek on wobama’s failed presidency –
Newsweek relevant! http://albertpeia.com/hittheroadborackanddontyoucomebacknomorenomorenomorenomore.htm }
GALLUP:
ROMNEY 47% OBAMA 45%
Dave’s Daily: http://www.etfdigest.com BERNANKE & CO READY TO PROVIDE
ANOTHER ROUND { …of consistently failed, inflationary QE for the benefit of the
wall street frauds only, to the detriment of the real economy and everyone
else! This misguided wall street fraud oriented policy is in large part
responsible for the increasingly dismal
state of the economy along with the
natural concomitant of rising prices which are blamed on everything but the
contraindicated QE which is the primary culprit! } The only news that mattered
to the algos and HFTs were nuggets of more QE found in FOMC Minutes released
just in time for the 2:15 Buy Program Express to leave the station. More money
printing is inflationary and stocks can inflate too so let’s not kid ourselves.
..’ }
CBO:
Feds flirting with double-dip recession
washingtontimes.com | Obama
and Congress flirting with both a recession and a jump in unemployment next
year.
http://albertpeia.com/24statsshowhowobamamessedupeconomy.htm
http://albertpeia.com/insidersmartmoneybetsfinancialdisastercoming.htm
http://theeconomiccollapseblog.com
http://albertpeia.com/8neweconomicthreats.htm
8-22-12 GALLUP:
Romney edges Obama...
Texas Judge Preparing For 'Civil War' If Obama Re-Elected...
ROMNEY:
President 'Has Tried To Substitute Government For Free People'...
PAPER:
THE LEFT HAS BEEN TOO KIND TO OBAMA...
Feds
join 'false claims' suit against polling firm...
Postal
Worker's Vacation Halts Mail In Jersey City, NJ...
TINA FROWN! { Newsweek on wobama’s failed presidency –
Newsweek relevant! http://albertpeia.com/hittheroadborackanddontyoucomebacknomorenomorenomorenomore.htm }
GALLUP:
ROMNEY 47% OBAMA 45%
ROMNEY:
Time to Audit the Fed...
GAS
PRICES SET RECORD...
Poll:
Not better off now than in 2008...
SHOCK
POLL: Romney beats Obama in Chicago suburbs...
SPIKE
IN ARMED ROBBERIES, SAVAGE BEATINGS ON CAPITOL HILL...
Crime
jumps 64%...
NOONAN:
If Biden Were Republican, Topic Would Be 'How Stupid Is This Person?'
{ Well, in fairness, a distinction is carved out for Lobotomy Joe who really
did have part of his brain surgically removed! } FACEBOOK
FALLS TO HALF OF PUBLIC OFFERING PRICE...
No
Horses, But Detroit Water Department Employs 'Horseshoer'...
BOOK:
Obamacare designed to unionize 21 million health care workers...
Increases
costs of hip, knee replacements...
O STICKING
WITH LOBOTOMY JOE!
ROMNEY, RYAN
PREPARE FOR ASSAULT ON OBAMA'S SPENDING...
U.S. Foreign
Debt Hits Another Record...
Democrats'
nerves start to show...
VA BAKER
SAYS NO TO BIDEN STOP...
Secret
Service buys cupcakes as thanks...
Customers flock in...
'OBAMA CAN
KISS OUR A**'...
It is
absolutely incredible that tech’s even on the radar other than for signs of
disasters to come; it’s really that bad, and getting worse, not better as one
might expect. And, not just in this country. The newest linux version (ubuntu
for dual boot) is, contrary to what one would presume but consistent with the
american paradigm of shear folly, significantly worse than older versions. I
actually had to uninstall it, it was so bad on the additional computer I just got
for file space/back-up. Vista’s a total joke, and, though currently winning by
default, apples are just not that great nor worth the money and eventually the
‘unsavvy public’ will catch on. I’m glad for apple, my first computer in 1986!
Niall
"Hit The Road Barack" Ferguson Responds To The "Liberal
Blogosphere" Two days ago,
historian Niall Fergsuon had the temerity to voice a personal opinion, one which
happens to not exactly jive with the rest of the media's take on
current events, on the cover page of Newsweek (Newsweek is still in print?)
titled, succinctly enough, "Hit
the road Barack: Why we need a new president." The response was fast,
furious, and brutal, particularly emanating from what Ferguson has dubbed the
"liberal blogosphere." http://albertpeia.com/hittheroadborackanddontyoucomebacknomorenomorenomorenomore.htm
August 21, 2012 By gpc1981
http://albertpeia.com/usfoodcrisis.htm
8-21-12 $500,000
of stimulus cash spent to air Obama ads during Olbermann, Maddow shows...
Romney
raising cash from traditionally Dem cities...
Switzerland
objects to Obama campaign film slur...
Americans
tune out Afghan war as fighting rages on...
TINA FROWN! { Newsweek on wobama’s failed presidency –
Newsweek relevant! http://albertpeia.com/hittheroadborackanddontyoucomebacknomorenomorenomorenomore.htm }
GALLUP:
ROMNEY 47% OBAMA 45%
ROMNEY:
Time to Audit the Fed...
GAS
PRICES SET RECORD...
Poll:
Not better off now than in 2008...
SHOCK
POLL: Romney beats Obama in Chicago suburbs...
SPIKE
IN ARMED ROBBERIES, SAVAGE BEATINGS ON CAPITOL HILL...
Crime
jumps 64%...
NOONAN:
If Biden Were Republican, Topic Would Be 'How Stupid Is This Person?'
{ Well, in fairness, a distinction is carved out for Lobotomy Joe who really
did have part of his brain surgically removed! } FACEBOOK
FALLS TO HALF OF PUBLIC OFFERING PRICE...
Guest
Post: Shhhh… It’s Even Worse Than The Great Depression ZeroHedge.com Tyler Durden In
just four short years, our “enlightened” policy-makers have slowed money
velocity to depths never seen in the Great Depression. Hard to believe, but the guy who made a
career out of Monday-morning quarterbacking the Great Depression has already
proven himself a bigger idiot than all of his predecessors (and in less than
half the time!!). During the Great Depression, monetary base was expanded
in response to slowing economic activity, in other words it was reactive
(here’s a graph) . They waited until the
forest was ablaze before breaking out the hoses, and for that they’ve been
rightly criticized. Our “proactive” Fed elected to hose
down a forest that wasn’t actually on fire, with gasoline, and the results
speak for themselves. With the IMF recently lowering its 2012
US GDP growth forecast to 2%, while the monetary base is expanding
at about a 5% clip, know that velocity of money is grinding lower every
time you breathe
8-20-12 TINA FROWN! { Newsweek on wobama’s failed presidency –
Newsweek relevant! http://albertpeia.com/hittheroadborackanddontyoucomebacknomorenomorenomorenomore.htm }
GALLUP:
ROMNEY 47% OBAMA 45%
ROMNEY:
Time to Audit the Fed...
OBAMA
DENIES FELONY SMEAR ON ROMNEY...
'We
don't go out of bounds'...
FLASHBACK:
'Romney committed a felony or lied to voters'...
GAS
PRICES SET RECORD...
Poll:
Not better off now than in 2008...
SHOCK
POLL: Romney beats Obama in Chicago suburbs...
SPIKE
IN ARMED ROBBERIES, SAVAGE BEATINGS ON CAPITOL HILL...
Crime
jumps 64%...
NOONAN:
If Biden Were Republican, Topic Would Be 'How Stupid Is This Person?'
{ Well, in fairness, a distinction is carved out for Lobotomy Joe who really
did have part of his brain surgically removed! } FACEBOOK
FALLS TO HALF OF PUBLIC OFFERING PRICE...
No
Horses, But Detroit Water Department Employs 'Horseshoer'...
BOOK:
Obamacare designed to unionize 21 million health care workers...
Increases
costs of hip, knee replacements...
O STICKING
WITH LOBOTOMY JOE!
ROMNEY, RYAN
PREPARE FOR ASSAULT ON OBAMA'S SPENDING...
U.S. Foreign
Debt Hits Another Record...
Democrats'
nerves start to show...
VA BAKER
SAYS NO TO BIDEN STOP...
Secret
Service buys cupcakes as thanks...
Customers flock in...
'OBAMA CAN
KISS OUR A**'...
Guest
Post: The West Has Just Become A Giant Banana Republic ZeroHedge.com by Tyler
Durden { Yeah! This really is too
true for words! It’s been my direct experience for quite some time now and is
quite a pathetic scenario! } Legal precedent means nothing. Rule of law
means nothing. Free speech means nothing. Their own treaties mean nothing.
It’s unbelievable. Anyone in the west who honestly thinks he’s still
living in a free society is either a fool or completely out of touch. If
that seems too radical an idea, consider that ECUADOR is now the only
nation which stands to defend freedom and human rights against an assault
from the United States, the United Kingdom, and their spineless allies.
The west has just become a giant banana republic. Have you hit your breaking
point yet? If not now… when? { { I’m really constrained to interject my own
direct experience with the FBI here; and, I must say I do so lamentably. If you
want no real results vis-à-vis organized crime which now extends to the upper
reaches, highest levels of the corrupt u.s. government, go to the FBI. I
discounted the new jersey FBI as just typical corrupt, mob infested jersey
which thinks in terms of discos/casinos. But, truth be told, they never ask the
‘tough’ questions of the biggest criminals; ie., the biggest wall street
frauds, cia connected illegal ‘drug ops’ (ops…riiiiight), federal judges ie.,
trump barry, shiff, alito, etc.; but, they did go after Martha Stewart in a
very big way over a $45,000 transaction. Wow! You can’t make this stuff up. I
also don’t believe their (understated) crime stats for even a second. I’m
beginning to feel foolish for having even put my full faith and trust in them,
much less the ‘federal (judicial) system’ who share the ‘same employer’; and,
despite my antipathy for the mob, probably would have fared ‘more fairly’ with
the mobsters directly who seem to have at least some sense of the magnitude of
the fraud involved and the pervasive corruption of the system and government
and maybe a semblance of honor in this nation of protracted decline. It never
would have occurred to me back when for me, such a choice/decision was
clear-cut and simple. Such a course as mine I no longer could recommend
inasmuch as there is little difference between state/government sponsored
crime/corruption and that perpetrated by other criminal elements, from my
direct experience with both, infra:
Debauchery: An American specialty In the land of Lindsay Lohan and Snooki,
some federal workers reflect our culture all too well. (Washington Post) [
Lindsay Lohan? Come on Mr. Milbank, hands off the low hanging fruit. She’s
totally harmless. Jersey ‘italian’ snooki? In mob infested new jersey, who
knows (one of the properties in my proceedings for which surplus funds are
unaccounted for was a 2 bedroom 1 and 1/2 bath condominium in seaside heights,
n.j.). But debauchery an american specialty? Another rare instance wherein I
agree with Mr. Milbank completely. 25 Signs That America Is A Seething Cesspool
Of Filth And Corruption http://albertpeia.com/25signsamericacesspooloffilthcrimeandcorruption.htm . Review of flawed forensics held close to vest EXCLUSIVE | Documents and interviews show
FBI and Justice Department officials took steps to control information
uncovered by a task force designed to examine cases involving discredited
agents. Many defendants were never notified of flaws in cases. ‘Simply unconscionable’ (Washington Post) [ Well, I really have to
say this. I’m awaiting word from the FBI as to resolution, one way or the
other, concerning the RICO matters which have been systematically and corruptly
covered up by the government (executive, legislative, and judicial branches of
the pervasively corrupt, defacto bankrupt u.s. government http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
) . Never in my wildest dreams would I have believed the
level and extent of corruption and criminality within the ranks of the u.s.
government before embarking upon this costly quest for justice and simple
fairness consistent with clear law (infra, regarding the u.s. government’s
direct involvement in the illegal drug trade). In this civil RICO matter, there
are no innocent bystanders; but rather, perpetrators, accomplices, and
co-conspirators. When the fbi agent initially assigned to this matter
(Connecticut) abruptly resigned/retired shortly after a conversation, though
not central to my case, wherein I had said that rudy giuliani’s father had been
an (convicted) enforcer for the mob (served 12 years? in prison, aggravated
assault/manslaughter?) and then sent him documentation owing to his disbelief.
Though ultimately ineffectual vis-à-vis my case, he was a likeable guy for whom
I had and still have regard. I then spoke with FBI Agent Jeff Rasey upon the
aforesaid agent’s departure who somewhat plaintively (‘my call being a burden’)
told me that ‘he was a Ford, and I was a Ferrari’, which he didn’t explain
further. Could anyone tell me what that means? Initially, at new jersey’s FBI
office, I was ‘greeted’ by an FBI Agent who sarcastically asked me whether I
was ‘going to the disco that night’ (the documents including sworn statements
delivered to then u.s. attorney sam alito’s office in the same building
disappeared twice along with the initial assistant u.s. attorney Jonathan Lacey
with whom I had reviewed the documentary evidence, documents and their
probative value http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf . We all can infer sam
alito’s reward / quid pro quo for his cover-up by his current position on the
u.s. supreme court. There was never a question as to maryanne trump
barry’s interest in corrupting the judicial process as related to her brother’s
(trump) casinos. Jersey city boy louis freeh, labeled by former Prosecutor Larry
Klaiman as the most corrupt FBI director ever (see infra, mueller seems no
different, and certainly holder’s impeachable actions and corrupt
behavior/cover-ups fit the mold, ie., fast and furious, race bias favoring
blacks, etc.) apparently covered up the RICO violations as sent to him, and,
with italian citizenship and lucrative insider deals fits the bill. The FBI
Agent Jeff Hayes of the Long Beach Office with whom I reviewed the RICO
documents and confirmed same as indicative of (drug) money laundering was transferred
shortly after meeting with him, as has been so of FBI Agent Bill Lewis
(promoted to Washington FBI headquarters) with whom I discussed the RICO matter
and case disks/dvd’s sent to the LA FBI office (they printed the documents
thereon, as per Agent Lewis), Steven Martinez, ADIC, here in Los Angeles (see
infra). So, as regards FBI flaws, coverup, etc., I have to believe it based on
my own experience and reasonable inference. I’m currently being ‘stonewalled’
by the LA FBI office since the departure of FBI Agent Bill Lewis.
GOOGLE SEARCH – ‘LARRY KLAYMAN, LOUIS FREEH CORRUPT’
ABOUT 6,240 RESULTS (0.11 SECONDS)
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, ...
... 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, ...
http://gainspainscapital.com { I’m constrained to add here what I believe
Graham Summers has not incorporated into his calculations; viz., that merkel
very well might not even want to be re-elected. That certainly seems to be the
case despite presumptions to the contrary. After all, there will ultimately be
no winners in this pathetic ponzi charade and ever growing debacle in the
making that she has seemed willing at every crucial juncture to countenance
despite it being antithetical if not diametrically opposed to german interests.
}
Drudgereport:
8-17-12 GALLUP:
ROMNEY 47% OBAMA 45%
Romney
Supporter Spat On by 83-year-old Protester in Wisconsin...
RNC touts
record-breaking July fundraising...
FACEBOOK
freefall continues...
Investors
Losing Faith...
Zuckerberg:
'Painful'...
More
California cities at risk of bankruptcy...
Woman who
rescued animals killed in dog attack...
O STICKING
WITH LOBOTOMY JOE!
ROMNEY, RYAN
PREPARE FOR ASSAULT ON OBAMA'S SPENDING...
U.S. Foreign
Debt Hits Another Record...
Democrats'
nerves start to show...
VA BAKER
SAYS NO TO BIDEN STOP...
Secret
Service buys cupcakes as thanks...
Customers flock in...
'OBAMA CAN
KISS OUR A**'...
HOW LOW WILL
IT GO? FACEBOOK STOCK PLUNGES...
Has lost
half of value...
JULY
DEADLIEST MONTH OF 2012 FOR TROOPS...
ARMY
SUICIDES SET RECORD...
FBI: Federal
court clerk sold secret info to L.A. gangsters...
New Jersey
unemployment rate at 9.8%, highest since 1977...
REPORT: GM's
European failure will prompt second Obama bailout...
CHICAGOLAND:
City Worker Caught Stealing 500 Feet Of Copper -- Off
Midway Airport Runway!
Ecuador
grants WIKILEAKS founder asylum...
40 police
surround embassy...
U.S. denies
pushing arrest...
Obama
defends Biden on 'chains' comment...
HE DID IT
AGAIN: LIVING IN WRONG CENTURY!
REPORT:
Obama has 22 days to drop Biden from ticket...
VIDEO: Biden
Refers to Ryan as 'Governor'...
Now Social
Security Administration To Purchase 174 Thousand Rounds Of Bullets!
Hypersonic aircraft
crashes seconds into military test flight...
Thousands of Federal Retirees Get
Six-Figure Pensions...
CHICAGOLAND:
50,000 line up for Obama amnesty program...
Labor Dept.
Attempts to Stop Layoffs by Giving $100 Million to States, Subsidize
Payrolls...
VIDEO: Biden
Imitates Sign Language Lady… [ I’m quite serious when I say lobotomy joe biden
had part of his brain removed… he literally had part of his brain surgically
removed…his nonsensical outbursts are symptomatic of lobotomies generally…] ...
Wonderment
Whether Biden Has 'Mental Capacity' for Presidency...
VP says 'We
can win North Carolina' -- while campaigning in Virginia...
Dave’s Daily: http://www.etfdigest.com ‘QE TALK & MERKEL PROP STOCKS 8-16-12
Not to take anything away from Cisco (CSCO) earnings which beat by a penny both
on earnings and revenue, but the thrust of Thursday’s rally came mostly on the
heels of talk from on high. Former Fed governor Plosser stated via the WSJ that
Bernanke’s recent comments indicate QE3 is likely but he is against it. Also,
Angela Merkel revived talk that the euro must be saved as she and the ECB were
committed to do. Of course, her comments don’t mean some current eurozone
members like Greece will remain. China was also cited as a stimulus for a rally
Thursday as investors expect the government to
cut bank reserve requirements. Basically it’s all about “expectations and
talk” but nothing beyond this …’ , Finland prepares for expected euro zone break up: report , Startling
Evidence That Central Banks And Wall Street Insiders Are Rapidly Preparing For
Something BIG http://albertpeia.com/centralbankswallstreetinsidersprepforsomethingbig.htm , What
Should Jon Corzine's Hedge Fund Be Named?
Since over the past five years hedge funds are better known for coming
up with ingenious names, than for actually outperforming the market (recall
that "the aggregate hedge fund index is now significantly
underperforming the S&P 500 (from both the top in 2007 and the lows in
2009"), we hereby wish to do the Honorable
Jon Corzine a favor, and save him the money he would otherwise spend on an
expensive naming consultant, by offering up the creative services of our
audience in conjuring the name for his future hedge fund. So dear ZH readers, take
it away, although keep in mind Long-Term Capital Vaporization LP appears
to already have been taken by a patent troll (soon to be likely sued by
YHOO). , Guest
Post: Financialization's Self-Destruct Sequence Like all systems that follow an S-curve of growth and decay,
financialization cannot return to its growth phase. But there is another
dynamic at play: a self-destruct sequence triggered by central bank and Central
State efforts to reflate asset and credit/leverage bubbles. All central bank
and State policies aimed at driving capital into risk assets boil down to
reflating phantom assets purchased with debt by issuing more debt that is based
on newly issued phantom assets. Phantom assets purchased with debt cannot be
reflated by issuing more debt that is based on newly issued phantom assets.
Piling more debt/leverage on a sandpile of phantom assets (CDS, bonds that
cannot possibly be paid back, empty condos in the middle of nowhere, etc.) only
heightens the probability that the unstable pile will collapse. The implicit
Central Planning campaign to trigger "mild" inflation is part of the
self-destruct sequence. Central planners metaphorically fight the last war,
or at best the last two wars, and so they remain blind to any dynamics that did
not exist in their case studies.
Guest Post:
Assange Or Corzine? The issue at hand is the sense that we
have entered a phase of exponential criminality and corruption. A
slavering crook like Corzine who stole
$200 million of clients’ funds can walk free. Meanwhile, a man who exposed
evidence of serious war crimes is for that act so keenly wanted by US
authorities that Britain has threatened to throw
hundreds of years of diplomatic protocol and treaties into the trash
and raid the embassy of another sovereign state to deliver him to a power that
seems intent not only to criminalize him, but perhaps
even to summarily execute him. The Obama administration, of course, has
made a habit of summary extrajudicial executions of those that it suspects of
terrorism, and the detention and prosecution of whistleblowers. And the
ooze of large-scale financial corruption, rate-rigging, theft and fraud goes on
unpunished.
Conflict
Brewing Between UK And Ecuador As Latin American Country Agrees To Grant Asylum
To Assange Are we about to see a
mini-war on UK soil, if and when Britain decides to storm the Ecuadorian
embassy, which moments ago announced it has granted asylum to Julian Assange?
From Reuters:
"Ecuador granted political asylum to Julian Assange on Thursday,
ratcheting up tension in a standoff with Britain which has warned it could
revoke the diplomatic status of Quito's embassy in London to allow the
extradition of the WikiLeaks founder. The high-profile Australian former hacker
has been holed up inside the red-brick embassy in central London for eight
weeks since he lost a legal battle to avoid extradition to Sweden, where he is
wanted for questioning over rape allegations. Ecuadorean Foreign Minister
Ricardo Patino said he feared for the safety and rights of Assange which is why
he said his country had decided to grant him asylum. "Ecuador has decided
to grant political asylum to Julian Assange," Patino told a news
conference in Quito. Ecuador's decision takes what has become an international
soap opera to new heights since Assange first angered the United States and its
allies by publishing secret U.S. diplomatic cables on his WikiLeaks website."
The UK, needless to say, is not happy, and the UK foreign ministry has said it will carry
out binding obligation to extradite Assange to Sweden. Looks
like posturing is about to hit a crescendo and someone will have to do
something. Because foreign politics and diplomacy is (luckily) not central
planning.
http://albertpeia.com/centralbankswallstreetinsidersprepforsomethingbig.htm
Submitted
by Tyler Durden on 08/16/2012
In what should be the biggst non-news of the day, the
NYT is reporting that not only will Jon Corzine not face any criminal
prosecution for vaporizing hundreds of millions in client money (which
subsequently condensed in the JPM middle office), but will in fact be launching
... wait for it... a hedge fund. "A criminal investigation into the
collapse of the brokerage firm MF Global and the disappearance of about $1
billion in customer money is now heading into its final stage without charges
expected against any top executives. After 10 months of stitching together
evidence on the firm’s demise, criminal investigators are concluding that chaos
and porous risk controls at the firm, rather than fraud, allowed the money to
disappear, according to people involved in the case." And algos... And
glitches... And faulty software installs... And some junior person who has long
since left the company... and, and, and, lots and lots of passive
voice... Because in the Banana republic of the crave, no bundles can ever go to
jail, no matter how heinous the crime, which is not to say other places are
better: in Thailand you
shoot your secretary in the stomach during dinner with an Uzi and you don't
even pay a $600 fine. But at least it puts things in perspective. So what is
next in store for this former man of power? "Mr. Corzine, in a bid to
rebuild his image and engage his passion for trading, is weighing
whether to start a hedge fund, according to people with knowledge of
his plans. He is currently trading with his family’s wealth. If he is
successful as a hedge fund manager, it would be the latest career comeback for
a man who was ousted from both the top seat at Goldman Sachs and the New Jersey
governor’s mansion." So will Jon will be buying Italian bonds? We
don't know. Ask him yourself.
Submitted
by Tyler Durden on 08/16/2012
Are we about to see a mini-war on UK soil, if and
when Britain decides to storm the Ecuadorian embassy, which moments ago
announced it has granted asylum to Julian Assange? From Reuters:
"Ecuador granted political asylum to Julian Assange on Thursday,
ratcheting up tension in a standoff with Britain which has warned it could
revoke the diplomatic status of Quito's embassy in London to allow the
extradition of the WikiLeaks founder. The high-profile Australian former hacker
has been holed up inside the red-brick embassy in central London for eight
weeks since he lost a legal battle to avoid extradition to Sweden, where he is
wanted for questioning over rape allegations. Ecuadorean Foreign Minister
Ricardo Patino said he feared for the safety and rights of Assange which is why
he said his country had decided to grant him asylum. "Ecuador has decided
to grant political asylum to Julian Assange," Patino told a news
conference in Quito. Ecuador's decision takes what has become an international
soap opera to new heights since Assange first angered the United States and its
allies by publishing secret U.S. diplomatic cables on his WikiLeaks
website." The UK, needless to say, is not happy, and the UK foreign
ministry has said it will carry out binding obligation to extradite
Assange to Sweden. Looks like posturing is about to hit a crescendo
and someone will have to do something. Because foreign politics and diplomacy
is (luckily) not central planning.
8-16-12 WON'T BREAK
THE CHAIN:
STICKING
WITH LOBOTOMY JOE!
ROMNEY, RYAN
PREPARE FOR ASSAULT ON OBAMA'S SPENDING...
U.S. Foreign
Debt Hits Another Record...
Democrats'
nerves start to show...
VA BAKER
SAYS NO TO BIDEN STOP...
Secret
Service buys cupcakes as thanks...
Customers flock in...
'OBAMA CAN
KISS OUR A**'...
HOW LOW WILL
IT GO? FACEBOOK STOCK PLUNGES...
Has lost
half of value...
JULY
DEADLIEST MONTH OF 2012 FOR TROOPS...
ARMY
SUICIDES SET RECORD...
FBI: Federal
court clerk sold secret info to L.A. gangsters...
New Jersey unemployment rate at 9.8%, highest since 1977...
REPORT: GM's
European failure will prompt second Obama bailout...
CHICAGOLAND:
City Worker Caught Stealing 500 Feet Of Copper -- Off
Midway Airport Runway!
Ecuador
grants WIKILEAKS founder asylum...
40 police
surround embassy...
U.S. denies
pushing arrest...
Obama
defends Biden on 'chains' comment...
HE DID IT
AGAIN: LIVING IN WRONG CENTURY!
REPORT:
Obama has 22 days to drop Biden from ticket...
VIDEO: Biden
Refers to Ryan as 'Governor'...
Now Social
Security Administration To Purchase 174 Thousand Rounds Of Bullets!
Hypersonic
aircraft crashes seconds into military test flight...
Thousands of Federal Retirees Get
Six-Figure Pensions...
CHICAGOLAND:
50,000 line up for Obama amnesty program...
Labor Dept.
Attempts to Stop Layoffs by Giving $100 Million to States, Subsidize
Payrolls...
VIDEO: Biden
Imitates Sign Language Lady… [ I’m quite serious when I say lobotomy joe biden
had part of his brain removed… he literally had part of his brain surgically
removed…his nonsensical outbursts are symptomatic of lobotomies generally…] ...
Wonderment
Whether Biden Has 'Mental Capacity' for Presidency...
VP says 'We
can win North Carolina' -- while campaigning in Virginia...
REPORT: Ill.
state workers forced to attend Pelosi, Jesse Jackson Jr. event on taxpayer
dime...
Buchanan:
'Obama has steadily diminished both himself and the office he holds'...
Campaign
admits knowing story behind flawed PAC attack ad...
UPDATE:
Postal Service Posts Big Loss as Cash Runs Low...
UPDATE:
Jesse Jackson Jr. being treated for bipolar disorder... { Mayo Clinic: Jackson has bipolar depression }
SPIRITS
SPEAK TO PELOSI ( Riiiiight! And they keep telling her… ‘bankrupt
america…bankrupt america…bankrupt america’….she believes them, tries her best
to comply, and follows their advice!
Meanwhile, by way of séance, hillary getting the message…’more world
strife…more world strife…more world strife…’ and she’s complying! Not to be
left out of democratic party stratagems, wobama’s been seen sticking pins into
a doll that bears an uncanny resemblance to President Romney… If only they had
a real strategy and knew what they were doing! ) ...
Over
100M in America on Federal Welfare...
Dave’s Daily: http://www.etfdigest.com 8-15-12
‘It’s hard to imagine markets being this quietly determined to move
higher without any dissent. Bears are in hibernation consistently put-off by
fear of QE3 and HAL 9000s. (Rosengrens & Fisher
duel over QE.) Economic data remains mixed with some better housing data
but much worse manufacturing data given today’s poor Empire State Mfg Survey
(-5.85 vs 7 expected & prior 7). Within that data was very poor employment
trends and much higher prices paid data.The CPI came in flat which was strange
given the 20% rise in most energy prices. The Homebuilders Sentiment rose to 37
from 35 which is the highest since February 2007 but we know what happened
after that. Industrial Production was slightly higher (.6%) and energy
inventories dropped substantially allowing for more price gains.A chart from
the Fed shows “completed” new homes and presents a rather different picture. http://albertpeia.com/newhousingunitscompleted.jpg ,
EUROPE HAS TWO POTENTIAL “HAIL MARY” PASSES … WOULD EITHER OF THEM WORK
{ Short Answer: NO! } ? http://albertpeia.com/europesbailmario.htm ,
THE CODY WORD Prepare for the crash now.
, Guest
Post: We Are All Muppets Now
Muppets only complain when the prop jobs and skimming fail to deliver
fat gains to their accounts. But being a muppet is being a mark: it's
the muppets who are being milked and skimmed. Being a
participant in a hopelessly compromised, rigged market makes us marks because
we're ultimately providing liquidity and capital for the players to skim. When the
officially sanctioned intervention finally fails and the market leaks 40% of
its current value, the muppets will finally understand the "outsized
returns" were just a con used to entice them into playing digital 3-card
monte. The game is rigged, but the greed of the player
overrides his skepticism and caution. The same can be said for pension funds
and all the other institutional players. Desperate for yield, they've foolishly
ponied up hundreds of billions of dollars to play 3-card monte with crooked
dealers and a crooked house
The Mississippi
River Is Drying Up http://albertpeia.com/mississippidryingup.htm
August 15,
2012 By gpc1981 http://albertpeia.com/europesbailmario.htm
http://albertpeia.com/mississippidryingup.htm
8-15-12
Obama defends Biden on
'chains' comment...
HE DID IT AGAIN: LIVING IN
WRONG CENTURY!
REPORT: Obama has 22 days to
drop Biden from ticket...
VIDEO: Biden Refers to Ryan
as 'Governor'...
Now Social Security
Administration To Purchase 174 Thousand Rounds Of Bullets!
Hypersonic aircraft crashes
seconds into military test flight...
Thousands of Federal Retirees
Get Six-Figure Pensions...
CHICAGOLAND: 50,000 line up
for Obama amnesty program...
Labor Dept. Attempts to Stop
Layoffs by Giving $100 Million to States, Subsidize Payrolls...
VIDEO: Biden Imitates Sign
Language Lady… [ I’m quite serious when I say lobotomy joe biden had part of
his brain removed… he literally had part of his brain surgically removed…his
nonsensical outbursts are symptomatic of lobotomies generally…] ...
Wonderment Whether Biden Has
'Mental Capacity' for Presidency...
VP says 'We can win North
Carolina' -- while campaigning in Virginia...
REPORT: Ill. state workers
forced to attend Pelosi, Jesse Jackson Jr. event on taxpayer dime...
Buchanan: 'Obama has steadily
diminished both himself and the office he holds'...
Campaign admits knowing story
behind flawed PAC attack ad...
UPDATE: Postal Service Posts
Big Loss as Cash Runs Low...
UPDATE: Jesse Jackson Jr.
being treated for bipolar disorder... { Mayo Clinic: Jackson has bipolar depression
}
SPIRITS SPEAK TO PELOSI (
Riiiiight! And they keep telling her… ‘bankrupt america…bankrupt
america…bankrupt america’….she believes them, tries her best to comply, and
follows their advice! Meanwhile, by way
of séance, hillary getting the message…’more world strife…more world
strife…more world strife…’ and she’s complying! Not to be left out of
democratic party stratagems, wobama’s been seen sticking pins into a doll that
bears an uncanny resemblance to President Romney… If only they had a real
strategy and knew what they were doing! ) ...
Over 100M in
America on Federal Welfare...
http://albertpeia.com/desperateforapaycheck.htm
August 14,
2012 By gpc1981
http://albertpeia.com/stopfoolingyourselftheyhavenosolution.htm
8-14-12 DER SPIEGEL:
Investors Prepare for Euro Collapse...
Summer of
gloom in Rome...
Honeymoon
over, outlook worse for French president...
...vows to
impose order after rioting
Obama
campaign: 'We have no problem with those comments'...
ROMNEY camp:
'New low'...
VIDEO: Biden
Imitates Sign Language Lady… [ I’m quite serious when I say lobotomy joe biden
had part of his brain removed… he literally had part of his brain surgically
removed…his nonsensical outbursts are symptomatic of lobotomies generally…] ...
Wonderment
Whether Biden Has 'Mental Capacity' for Presidency...
VP says 'We
can win North Carolina' -- while campaigning in Virginia...
REPORT: Ill.
state workers forced to attend Pelosi, Jesse Jackson Jr. event on taxpayer
dime...
Buchanan:
'Obama has steadily diminished both himself and the office he holds'...
Campaign
admits knowing story behind flawed PAC attack ad...
UPDATE:
Postal Service Posts Big Loss as Cash Runs Low...
UPDATE:
Jesse Jackson Jr. being treated for bipolar disorder... { Mayo Clinic: Jackson has bipolar depression }
SPIRITS
SPEAK TO PELOSI ( Riiiiight! And they keep telling her… ‘bankrupt
america…bankrupt america…bankrupt america’….she believes them, tries her best
to comply, and follows their advice!
Meanwhile, by way of séance, hillary getting the message…’more world
strife…more world strife…more world strife…’ and she’s complying! Not to be
left out of democratic party stratagems, wobama’s been seen sticking pins into
a doll that bears an uncanny resemblance to President Romney… If only they had
a real strategy and knew what they were doing! ) ...
Over
100M in America on Federal Welfare...
Gingrich
Warns: Obama 'direct threat' to my grandchildren's future...
BOOK: Blago
claimed $25,000 channeled to Obama...
Nearly half
of long-term U.S. immigrants are on welfare...
$5.2b in
fraudulent tax refunds to immigrants...
OBAMA (who
plays his 104th round of golf as potus) POPULARITY SOARS -- IN
NIGGERTOWN DC!
Plays 104th
round of golf (as nation flounders)...
HARRY REID
HELPS CHINESE SOLAR FIRM REPRESENTED -- BY HIS SON!
PAPER: It's
time to fight back against Dirty Harry...
Wife: Rep.
Jesse Jackson Jr. getting treatment but 'still very depressed'...
Ethics
investigation continues...
BIASED MEDIA BASH: 86% of Romney coverage NEGATIVE... { Friday Humor: (obama last campaign) "I Am Pledging To Cut The Deficit We Inherited By Half By The End Of My First Term In Office" ZeroHedge.com Wow! The only explanation might be they’ve been duped by wobama along with the rest of the nation and are too embarrassed for not doing their reasonably expected due diligence on grifter obama and just won’t own up to the reality of the fraud called wobama! Wobama the b for b***s*** speaks … on the prior pre-election campaign trail ( 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’ … ) 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…’] }
Boehner:
Obama has 'never even had a real job, for God's sake'...
8-13-12 Dave’s
Daily: http://www.etfdigest.com COMPLACENCY IN LATE AUGUST 8-13-12 { Complacency? More like insanity as
market reactions were the logical opposites to what the data would dictate,
infra. But, that’s been true for quite some time on fraudulent wall
street. }
Are The Government And The Big Banks Quietly Preparing For An Imminent Financial Collapse? http://albertpeia.com/imminentfinancialcollapse.htm
How
to Spot – and Defeat – Disruption on the Internet Posted by
: George Washington Post date: 08/13/2012 - 15:43 The 15
Rules of Web Disruption
David Martin’s Thirteen Rules for Truth Suppression, H. Michael Sweeney’s 25 Rules of Disinformation (and now Brandon Smith’s Disinformation: How It Works) are classic lessons on how to spot disruption and disinformation tactics.
We’ve
seen a number of tactics come and go over the years. Here are the ones we
see a lot of currently.
#1.
Start a partisan divide-and-conquer fight or
otherwise push emotional buttons to sew discord and ensure that cooperation is
thwarted. Get people fighting against each other instead of the corrupt powers-that-be. Use baseless
caricatures to rile everyone up. For example, start a religious war
whenever possible using stereotypes like “all Jews are selfish”, “all
Christians are crazy” or “all Muslims are terrorists”. Accuse the author
of being a gay, pro-abortion limp-wristed wimp or being a fundamentalist
pro-war hick when the discussion has nothing to do with abortion, sexuality,
religion, war or region. Appeal to people’s basest prejudices and biases.
And – as Sweeney explains – push the author into a defensive posture:
Sidetrack
opponents with name calling and ridicule … Associate opponents with unpopular
titles such as “kooks”, “right-wing”, “liberal”, “left-wing”, “terrorists”,
“conspiracy buffs”, “radicals”, “militia”, “racists”, “religious fanatics”,
“sexual deviates”, and so forth. This makes others shrink from support out of
fear of gaining the same label, and you avoid dealing with issues.
#2.
Pretend it’s hopeless because we’ll be squashed if we try. For example,
every time a whistleblower leaks information, say “he’s going to be bumped
off”. If people talk about protesting, organizing, boycotting, shareholder
activism, spreading the real facts, moving our money or taking other
constructive action, write things to scare and discourage people, say something
like “we don’t have any chance because they have drones and they’ll just
kill us if we try”, or “Americans are too stupid, lazy and greedy, so
they’ll never help out.” Encourage people to be apathetic instead of
trying to change things.
#3.
Demand complete, fool-proof and guaranteed solutions to the problems being
discussed. For example, if a reporter breaks the story that the big
banks conspired to rig a market, ask “given that people are selfish and that no
regulation can close all possible loopholes … how are you going to change human
nature?”, and pretend that it’s not worth talking about the details of the
market manipulation. This discourages people from reporting on and
publicizing the corruption, fraud and other real problems. And it ensures
that not enough people will spread the facts so that the majority know what’s
really going on.
#4.
Suggest extreme, over-the-top, counter-productive solutions which will hurt
more than help, or which are wholly disproportionate to what is being
discussed. For example, if the discussion is whether or not to
break up the big banks or to go back on the gold standard, say that everyone
over 30 should be killed because they are sell-outs and irredeemable, or
that all of the banks should be bombed. This discredits the attempt to spread
the facts and to organize, and is simply the web method of the provocateur.
#5.
Pretend that alternative media – such as blogs written by the top experts in their fields, without any
middleman – are untrustworthy or are motivated solely by money (for
example, use the derogatory term “blogspam” for any blog posting, pretending
that there is no original or insightful reporting, but that the person is
simply doing it for ad revenue).
#6.
Coordinate with a couple of others to “shout down” reasonable comments.
This is especially effective when the posters launch an avalanche of comments
in quick succession … the original, reasonable comment gets lost or attacked so
much that it is largely lost.
#7.
Use an army of sock puppets. You can either
hire low-wage workers in India or other developing countries to “astroturf” or – if you work for the
government – you can use software which allows you to quickly create and
alternate between numerous
false identities, each with their own internet address.
#8. Censor social media, so that the
hardest-hitting information is buried. If you can’t censor it, set up “free speech zones” to push
dissent into dank, dark corners where no one will see it.
#9.
When the powers-that-be cut corners and take criminally reckless gambles with our lives and
our livelihoods, protect them by pretending that the inevitable result
- nuclear accidents, financial crises, terrorist attacks or other disasters – were
“unforeseeable” and that “no could have known”.
#10.
Protect the rich and powerful by labeling
any allegations of criminal activity as being a “conspiracy theory”.
For example, when Goldman gets caught rigging markets, label the accusations as
mere conspiracies.
The
following 4 tactics from Sweeney are also still commonly used …
#11.
Become incredulous and indignant. Avoid discussing key issues and instead focus
on side issues which can be used show the topic as being critical of some
otherwise sacrosanct group or theme. This is also known as the “How dare you!”
gambit.
#12.
Use a straw man. Find or create a seeming element of your opponent’s argument
which you can easily knock down to make yourself look good and the opponent to
look bad. Either make up an issue you may safely imply exists based on your
interpretation of the opponent/opponent arguments/situation, or select the
weakest aspect of the weakest charges. Amplify their significance and destroy
them in a way which appears to debunk all the charges, real and fabricated
alike, while actually avoiding discussion of the real issues.
#13.
Hit and Run. In any public forum, make a brief attack of your opponent or the
opponent position and then scamper off before an answer can be fielded, or
simply ignore any answer. This works extremely well in Internet and letters-to-the-editor
environments where a steady stream of new identities can be called upon without
having to explain criticism reasoning — simply make an accusation or other
attack, never discussing issues, and never answering any subsequent response,
for that would dignify the opponent’s viewpoint.
#14.
Question motives. Twist or amplify any fact which could so taken to imply that
the opponent operates out of a hidden personal agenda or other bias. This
avoids discussing issues and forces the accuser on the defensive.
#15.
Associate opponent charges with old news. A derivative of the straw man
usually, in any large-scale matter of high visibility, someone will make
charges early on which can be or were already easily dealt with. Where it can
be foreseen, have your own side raise a straw man issue and have it dealt with
early on as part of the initial contingency plans. Subsequent charges,
regardless of validity or new ground uncovered, can usually them be associated
with the original charge and dismissed as simply being a rehash without need to
address current issues — so much the better where the opponent is or was
involved with the original source.
Postscript:
Over a number of years, we’ve found that the most effective way to fight
disruption and disinformation is to link to a post such as this one which
rounds up disruption techniques, and then to cite the disinfo technique you
think is being used.
Specifically,
we’ve found the following format to be highly effective in educating people in
a non-confrontational manner about what the disrupting person is doing:
Good
Number 1!
Or:
Thanks
for that textbook example of Number 7!
(Include
the link, so people can see what you're referring to.)
The
reason this is effective is that other readers will learn about the specific
disruption tactic being used … in context, like seeing wildlife while holding a
wildlife guide, so that one learns what it looks like “in the
field”. At the same time, you come across as humorous and
light-hearted instead of heavy-handed or overly-intense.
Try
it … It works.’
August 12,
2012 By gpc1981
http://albertpeia.com/eurocollapse.htm
8-13-12 UPDATE:
Taxpayer loss on auto bailout revised upward to $25b...
Obama
Campaign Defends President's $700 Billion Cuts to Medicare...
HOUSE
SUES HOLDER
10,000+
ROMNEYRYAN RALLY IN WI
REPORT:
Obama fundraiser in Chicago. 'Admission only $51, but room is half full'...
GOOGLE to
Cut 4,000 Jobs...
NO DOUBT:
Michelle O Has 'Sunday of Fun' at Stefani's House...
UPDATE:
Jesse Jackson Jr. being treated for bipolar disorder... { Mayo Clinic: Jackson has bipolar depression }
U.S.
destroyer collides with oil tanker in Strait of Hormuz...
Greece sinks
again, more cuts to save bailout in store...
Merkel ally
sends stark warning...
Buchanan:
'Obama has steadily diminished both himself and the office he holds'...
Campaign
admits knowing story behind flawed PAC attack ad...
UPDATE:
Postal Service Posts Big Loss as Cash Runs Low...
SPIRITS
SPEAK TO PELOSI ( Riiiiight! And they keep telling her… ‘bankrupt
america…bankrupt america…bankrupt america’….she believes them, tries her best
to comply, and follows their advice!
Meanwhile, by way of séance, hillary getting the message…’more world
strife…more world strife…more world strife…’ and she’s complying! Not to be
left out of democratic party stratagems, wobama’s been seen sticking pins into
a doll that bears an uncanny resemblance to President Romney… If only they had
a real strategy and knew what they were doing! ) ...
Over
100M in America on Federal Welfare...
http://albertpeia.com/nationalconsequencesofenslavementtobankers.htm { I really have to tell you, I’d rather be
enslaved by bankers than … Jano, see supra … Just kidding! Neither, is my real
answer! }
Drudgereport:
VIDEO: Paul Ryan took apart
Obama and Obamacare -- in 6 minutes!
Romney
Running Mate 9AM ET Saturday in Norfolk...
Nauticus
Museum, home of USS Wisconsin...
SOURCES:
Final names were Ryan, Rubio, Pawlenty, Christie, Portman and one unnamed wild
card...
ROMNEY MADE
CALLS LATE LAST NIGHT TO THOSE WHO DID NOT GET SLOT...
Obama Super
PAC Ready to Launch More 'Incendiary' Attacks...
GALLUP: O
APPROVAL SLIPS TO 43%...
SPIKE LEE:
'EXPECTATIONS WERE WAY TOO HIGH'...
REPORT: STAR
OF FLAWED 'CANCER' AD OFFERED BUYOUT...
'A cancer within the cloak of the
Presidency'...
U.S. banks
told to make plans for preventing collapse...
Niggertown
DC judge robbed at gunpoint...
NINTH
CIRCUIT COURT HEADS TO HAWAIIAN JUNKET DESPITE OUTCRY
YOGA,
SURFING, ZUMBA DANCING!
Dave’s Daily: http://www.etfdigest.com ‘MARKET SUMMER BOREDOM CONTINUES 8-9-12
The good news from the U.S. today was Jobless Claims declined (361K vs 367
expected & prior revised higher to 367K allowing for a larger beat). That
was about it for good news. The bad news was 127K were dropped from the rolls
as their benefits have expired and, wait for it…the Bureau of Labor Statistics
goofed releasing this news 12 hours before time. Fear not, the BLS is
investigating and you can expect results of this breach in the distant future.
More news included an increase in international trade ($-42.9B vs expected
$-47.5B & prior revised to $-48B); the Bloomberg Consumer Comfort Index fell
(-41.9 vs prior -39.7 probably due to rising energy & food costs) and,
Wholesale Trade fell (-.2% vs .3% expected & prior revised to .0% from
.3%). Taken as a whole the data wasn’t inspiring although some thought the
trade data was suggestive of a small rebound in GDP.From overseas China Factory
Production fell to a 3 year low; inflation increased 1.8% and Home Sales fell
14.5% and prices declined (gulp!) $71B. In the UK
exports declined 4.9% which must be Olympic gear is staying home?The dollar
(UUP) was higher and bonds (IEF) & (TLT) were weaker. Gold (GLD) barely
budged and commodities (DBC) were higher led by grains (JJG).Other than this
news markets remained motionless on light volume…’ , The
Sobering Reality Of What Life Is Like In Reno, Nevada http://albertpeia.com/realityofdyinguscitieslikerenonv.htm , What
the ECB Can Actually Do... Not Much Posted by: Phoenix Capital... So there is literally NO option that could save Europe at
this point. We can get verbal interventions and symbolic gestures (such as
Draghi's "bazooka" threat), but the fact of the... http://albertpeia.com/marketsshortsqueezeeurophorialunacy.htm , The Whack-A-Mole
Algo Is Back ZerpHedge.com , Guest
Post: Want More Tax Revenue? Increase Jobs Not Rates The Obama campaign has amplified its push on
increasing taxes on the wealthy and has painted Mitt
Romney as a Robin-hood in reverse saying that he wants to take from the
poor and give to the rich. The attack on Romney is incorrect as the real
truth is that it is the current Administration that is failing, once
again, to recognize that the problems facing the economy has nothing to do with
the current tax rate structure. It is election season, however…’ , Forget
The Fiscal Cliff, Here Comes The Corporate Bond Maturity Wall , Your
Complete Guide To The Coming Fiscal Cliff
, Art
Cashin On "The Folks Who Brought You 1.5% GDP and 8.3% Unemployment" , Wholesale
Inventories Drop MoM First Time in 9 Months , Bloomberg
Consumer Comfort Index Back At 'Severe Economic Discontent' Level , Insolvent
US Postal Service Loses Whopping $5.2 Billion In Third Quarter, 70% Higher Than
Year Ago
Disinformation:
How It Works The best way to disarm
disinformation agents is to know their methods inside and out. This gives us
the ability to point out exactly what they are doing in detail the moment they
try to do it. Immediately exposing a disinformation tactic as it is being used
is highly destructive to the person utilizing it. It makes them look foolish, dishonest
and weak for even making the attempt. Internet trolls most especially do not
know how to handle their methods being deconstructed right in front of their
eyes and usually fold and run from debate when it occurs. The truth is
precious. It is sad that there are so many in our society who
have lost respect for it; people who have traded in their conscience and their
soul for temporary financial comfort while sacrificing the stability and
balance of the rest of the country in the process. Disinformation does not only
threaten our insight into the workings of our world; it makes us vulnerable to
fear, misunderstanding, and doubt: all things that lead to destruction. It can
drive good people to commit terrible atrocities against others, or even against
themselves. Without a concerted and organized effort to diffuse mass-produced
lies, the future will look bleak indeed.
http://albertpeia.com/realityofdyinguscitieslikerenonv.htm
What the ECB Can Actually Do... Not Much
Posted 8-9-12 by: Phoenix Capital... So there is literally NO option that could save Europe at
this point.
http://albertpeia.com/marketsshortsqueezeeurophorialunacy.htm
Drudgereport: 8-09-12 Buchanan:
'Obama has steadily diminished both himself and the office he holds'...
Campaign
admits knowing story behind flawed PAC attack ad...
UPDATE:
Postal Service Posts Big Loss as Cash Runs Low...
ITALY SLAMS GERMANY IN EU FIGHT...
More Abandoned Children as Austerity
Wears On...
Greek
jobless rate hits record...
Over
100M in America on Federal Welfare...
Gingrich
Warns: Obama 'direct threat' to my grandchildren's future...
BOOK: Blago
claimed $25,000 channeled to Obama...
Nearly half
of long-term U.S. immigrants are on welfare...
$5.2b in
fraudulent tax refunds to immigrants...
OBAMA (who
plays his 104th round of golf as potus) POPULARITY SOARS -- IN
NIGGERTOWN DC!
Plays 104th
round of golf (as nation flounders)...
HARRY REID
HELPS CHINESE SOLAR FIRM REPRESENTED -- BY HIS SON!
PAPER: It's
time to fight back against Dirty Harry...
Wife: Rep.
Jesse Jackson Jr. getting treatment but 'still very depressed'...
Ethics
investigation continues...
BIASED MEDIA BASH: 86% of Romney coverage NEGATIVE... { Friday Humor: (obama last campaign) "I Am Pledging To Cut The Deficit We Inherited By Half By The End Of My First Term In Office" ZeroHedge.com Wow! The only explanation might be they’ve been duped by wobama along with the rest of the nation and are too embarrassed for not doing their reasonably expected due diligence on grifter obama and just won’t own up to the reality of the fraud called wobama! Wobama the b for b***s*** speaks … on the prior pre-election campaign trail ( 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’ … ) 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…’] }
Boehner: Obama has 'never even had a real job, for
God's sake'...
O BRINGS BACK TELEPROMPTER...
One Last Breadth: 3 Reasons to Not Trust this Market By Chad
Karnes ETFguide
, Dave’s
Daily: http://www.etfdigest.com ‘THE DEATH OF VOLUME 8-8-12
…
We’re on the downside of the earnings news cycle and while many reports have
beaten estimates those were much reduced. Further revenues and guidance have been weak overall. Bond (IEF) investors didn’t seem to
like the 10-year Treasury auction which saw yields rise dramatically from 1.45%
just a month ago to 1.68% Wednesday.
, France to
slide into recession says central bank
France's central bank expects the country to slip into recession in the
third quarter with many EU countries already in recession in the wake of the
debt crisis. , Top Obama
watchdog: America's 'pretty f**ked'
If you are looking for opinions on the current state of the country,
former TARP Inspector General Neil Barofsky is opening up about what he thinks
of America. And, if you ask him, the whole nation might be pretty damn
f**ked. , More
Than 100 Million Americans Are On Welfare
http://albertpeia.com/psycopathssociopathsamericasocietalcollapse.htm
{ Think about this! By wobama’s own criteria in his
last total b***s*** campaign, he should be stepping down; having failed on all
counts and then some. He also promised to cut the nation’s deficit in half by
the end of his term; yet, he has increased the nation’s deficit by a record
amount greater than all the presidents since Eisenhower COMBINED ($5 trillion).
He has done this to help cover up his unequivocal failure by any standard by
which you measure a presidency, including his own. People in america must show
the Washingtonians they are not doormats! They must stand up and let these
politicos know that results count; particularly promised results. Absent
positive results as with unmitigated failure, choom-gang-banger wobama, they
get the boot. President Romney deserves the 4 years he’ll have to turn this
disaster called america around. If President Romney doesn’t cut the mustard in
4 years as promised, then he will be out. Results Count! I believe that people
in the final analysis will choose self-respect; that is, choose NOT to be
wobama’s doormat. Despite and contrary to wobama’s spin/propagandameisters’
desperate spin/outright falsity which addresses anything but wobama’s clear
record of failure, President Romney is smart enough, flexible enough, and with
a record of concrete results behind him as compared to wobama choom
fantasy/b***s***, President Romney will be a hands-on President to the entire
nation in the most positive sense. As such, I believe people will choose
self-respect, reality, real results which will make President Romney’s election
a substantial margin blowout victory!
Friday
Humor: "I Am Pledging To Cut The Deficit We Inherited By Half By The End
Of My First Term In Office" ZeroHedge.com
Tyler Durden { Wobama the b for b***s*** speaks … on the
prior pre-election campaign trail ( 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’ … ) Obama's Five
Trillion Dollar Lie http://albertpeia.com/obamas5trilliondollarlie.htm }
http://albertpeia.com/morethan100millionamericansonwelfare.htm
Drudgereport: 8-08-12 Over
100M in America on Federal Welfare...
Gingrich
Warns: Obama 'direct threat' to my grandchildren's future...
BOOK: Blago
claimed $25,000 channeled to Obama...
Nearly half
of long-term U.S. immigrants are on welfare...
$5.2b in
fraudulent tax refunds to immigrants...
Romney says
Obama favors 'culture of dependency'...
OBAMA: 'I'm
not the president of black America'… { Well, meaningless distinctions
notwithstanding, as of January 21, 2013, this failed president B.0. is
president of nothing! } ...
Blames
State, Local Govts, Congress for 14.1% Black Unemployment...
Voters in
Detroit Turned Away For Refusing To Fill In Citizenship Box On Ballot...
Polls open
late after official oversleeps … { just another day in niggertown detroit! }
...
Obama stops
taking questions from press...
OBAMA (who
plays his 104th round of golf as potus) POPULARITY SOARS -- IN
NIGGERTOWN DC!
Plays 104th
round of golf (as nation flounders)...
HARRY REID
HELPS CHINESE SOLAR FIRM REPRESENTED -- BY HIS SON!
PAPER: It's
time to fight back against Dirty Harry...
Guest
Post: US Government Proposes Law Making It Illegal For Them To Kill You Last Friday, US Congressman Dennis Kucinich
introduced HR 6357, a bill which aims to ‘prohibit the extrajudicial
killing of United States citizens’ by the federal government. In other
words, in the Land of the Free, they need to pass a law to prevent the
government from indiscriminately murdering its own citizens. Now if
this doesn’t give one reason to pause and consider the distortions of
liberty that have taken place in western civilization, I don’t know what
will. Ask yourself, are you really living in a free society? Are you
free? If not, why not? What else could possibly be more important? It takes
courage to answer honestly.
http://albertpeia.com/preparingforcollapseofeconomy.htm
http://albertpeia.com/eumathinsolvency.htm
8-07-12 Romney says
Obama favors 'culture of dependency'...
OBAMA: 'I'm
not the president of black America'… { Well, meaningless distinctions
notwithstanding, as of January 21, 2013, this failed president B.0. is
president of nothing! } ...
Blames
State, Local Govts, Congress for 14.1% Black Unemployment...
Voters in
Detroit Turned Away For Refusing To Fill In Citizenship Box On Ballot...
Polls open
late after official oversleeps … { just another day in niggertown detroit! }
...
Obama stops
taking questions from press...
OBAMA (who
plays his 104th round of golf as potus) POPULARITY SOARS -- IN
NIGGERTOWN DC!
Plays 104th
round of golf (as nation flounders)...
HARRY REID
HELPS CHINESE SOLAR FIRM REPRESENTED -- BY HIS SON!
PAPER: It's
time to fight back against Dirty Harry...
Wife: Rep.
Jesse Jackson Jr. getting treatment but 'still very depressed'...
Ethics
investigation continues...
Why
Europe Matters… And How Spain Could Wipe Out Your 401(k) Posted by
: Phoenix Capital... Post date: 08/06/2012 – http://albertpeia.com/eumatterswipeoutyour401k.htm In simple terms Europe is a HUGE deal
for everyone. We’re not talking about some distant region far off in the
distance that we will watch go down from our decks. We’re talking...
Obama
Is Using The Curiosity Landing To Push Government Spending
Business Insider | President
Barack Obama congratulated NASA on its successful mission to send a robotic
rover to Mars tonight, calling the landing of the Curiosity an “unprecedented
feat of technology.” { Riiiiight! ….. Geeeh! And here, I
already thought they’ve already done that … and, it’s so helped america’s
fiscal and economic position in the solar system! } { MISSIONS TO MARS TIMELINE: 1992 to 2004
September 25, 1992 - Mars
Observer launched. Spacecraft designed to map the martian surface from orbit
with a large, sophisticated science payload.
August, 1993 - contact lost with
Mars Observer.
1995 - NASA selects Mars Polar
Lander for 1999 launch.
1996 - Athena Mars Rover mission
proposed (unsuccessfully) to NASA Discovery Program for launch in 2002.
November 7, 1996 - Mars Global
Surveyor launched.
November 16, 1996 - Russian Mars
'96 orbiter/landers launched.
November 17, 1996 - Mars '96
fails to achieve insertion into Mars cruise trajectory and re-enters the
Earth's atmosphere.
December 4, 1996 - Mars
Pathfinder launched.
July 4, 1997 - Mars Pathfinder
lands on Mars and begins a successful mission.
September 11, 1997 - Mars Global
Surveyor arrives at Mars and begins a successful mission that continues today.
September 27, 1997 - last
successful data transmission from Mars Pathfinder
November, 1997 - Athena Mars
Rover Payload selected for launch in 2001.
Spring, 1998 - NASA and JPL
announce that due to engineering problems and funding shortages in the Mars
program, launch of the Athena Mars Rover Payload will be delayed until 2003,
with landing in 2004. Instead, NASA will send a stationary lander (similar to
the Mars Polar Lander) to Mars in 2001. Four Athena instruments would be flown
on this lander as a precursor to the full Athena investigation in 2003.
July 3, 1998 - Nozomi, Japanese
Mars orbiter launched.
December 11, 1998 - Mars Climate
Orbiter launched.
December 21, 1998 - course
correction burns leave Nozomi with less fuel than expected. The orbiter is to remain
in heliocentric orbit for five years.
January 3, 1999 - Mars Polar
Lander launched.
September, 1999 - Mars Climate
Orbiter spacecraft fails to achieve orbit due to a navigation error.
December 3, 1999 - Mars Polar
Lander fails, apparently due to a software error.
May, 2000 - Mars 2001 Lander
mission, which would have used a lander similar to Mars Polar Lander, cancelled
by NASA. Mars program undergoes a major restructuring.
July, 2000 - NASA selects the
Mars Exploration Rover mission for flight in 2003. The mission will send a
large rover to Mars carrying the Athena Mars Rover Payload, and will use the
same landing system that was used successfully by Mars Pathfinder.
August, 2000 - NASA announces
that two identical rovers will be flown in 2003, each carrying identical copies
of the Athena payload.
April 7, 2001 - Mars Odyssey
orbiter launched; will aid in landing site selection for MER and relay data
from Athena instruments.
June 2, 2003 - The European
Space Agency's Mars Express Orbiter and Beagle 2 Lander launched from Baikonur,
Kazakhstan.
June 10, 2003 - The MER-A rover
called Spirit is launched from Cape Canaveral, Florida.
July 7, 2003 - The MER-B rover
called Opportunity is launched from Cape Canaveral, Florida.
December 9, 2003 - Nozomi
mission abandoned due to lack of fuel and a damaged electrical system.
December 26, 2003 - Mars Express
arrives at Mars.
January 3, 2004 - The Mars rover
Spirit lands.
January 25, 2004 - The Mars
rover Opportunity lands.
January, 2004-present - The
rovers Spirit and Opportunity operate on the martian surface. }
http://endoftheamericandream.com
http://albertpeia.com/psycopathssociopathsamericasocietalcollapse.htm
{ Think about this! By wobama’s own
criteria in his last total b***s*** campaign, he should be stepping down;
having failed on all counts and then some. He also promised to cut the nation’s
deficit in half by the end of his term; yet, he has increased the nation’s
deficit by a record amount greater than all the presidents since Eisenhower
COMBINED ($5 trillion). He has done this to help cover up his unequivocal
failure by any standard by which you measure a presidency, including his own.
People in america must show the Washingtonians they are not doormats! They must
stand up and let these politicos know that results count; particularly promised
results. Absent positive results as with unmitigated failure, choom-gang-banger
wobama, they get the boot. President Romney deserves the 4 years he’ll have to
turn this disaster called america around. If President Romney doesn’t cut the
mustard in 4 years as promised, then he will be out. Results Count! I believe
that people in the final analysis will choose self-respect; that is, choose NOT
to be wobama’s doormat. Despite and contrary to wobama’s spin/propagandameisters’
desperate spin/outright falsity which addresses anything but wobama’s clear
record of failure, President Romney is smart enough, flexible enough, and with
a record of concrete results behind him as compared to wobama choom
fantasy/b***s***, President Romney will be a hands-on President to the entire
nation in the most positive sense. As such, I believe people will choose
self-respect, reality, real results which will make President Romney’s election
a substantial margin blowout victory!
Friday
Humor: "I Am Pledging To Cut The Deficit We Inherited By Half By The End
Of My First Term In Office"
ZeroHedge.com Tyler Durden { Wobama the b for
b***s*** speaks … on the prior pre-election campaign trail ( 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’ … ) Obama's Five
Trillion Dollar Lie http://albertpeia.com/obamas5trilliondollarlie.htm }
Submitted
by Tyler Durden on 08/03/2012 { Wobama the b for
b***s*** speaks … on the prior pre-election campaign trail ( 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’ … ) 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…’] }
0-"If we confront this crisis without also
confronting the deficits that helped cause it, we risk sinking into another
crisis down the road as our interest payments rise, our obligations come due,
confidence in our economy erodes and our children and grandchildren are unable
to pursue their dreams because they are saddled with our debts. That's why
today I am pledging to cut the deficit we inherited by half by the
end of my first term in office... That means taking responsibility
right now in this administration, for getting our spending under control."
Why
Europe Matters… And How Spain Could Wipe Out Your 401(k) Posted by
: Phoenix Capital... Post date: 08/06/2012 – http://albertpeia.com/eumatterswipeoutyour401k.htm In simple terms Europe is a HUGE deal
for everyone. We’re not talking about some distant region far off in the
distance that we will watch go down from our decks. We’re talking...
8-06-12 Obama stops
taking questions from press...
Biden Takes
Another Week Off...
OBAMA (who
plays his 104th round of golf as potus) POPULARITY SOARS -- IN
NIGGERTOWN DC!
Plays 104th
round of golf (as nation flounders)...
HARRY REID
HELPS CHINESE SOLAR FIRM REPRESENTED -- BY HIS SON!
PAPER: It's
time to fight back against Dirty Harry...
Wife: Rep.
Jesse Jackson Jr. getting treatment but 'still very depressed'...
Ethics
investigation continues...
DEVIL WENT
DOWN TO DC: Charlie Daniels unloads 'dag-blamed truth' on Obama...
NEW RULES:
Obama weighs executive-order on 'Internet security'...
REPORT: IRAN
TEST-FIRES SHORT-RANGE MISSILE...
Iran airs
confessions in murder of Iranian scientists...
Goes offline
to dodge cyber-attacks...
BLOODBATH IN
WISCONSIN...
Milwaukee
suburb...
Video...
Cash pours
in to Romney campaign; another $100 million month...
BIASED MEDIA
BASH: 86% of Romney coverage NEGATIVE... { Friday
Humor: (obama last campaign) "I Am Pledging To Cut The Deficit We
Inherited By Half By The End Of My First Term In Office" ZeroHedge.com Wow!
The only explanation might be they’ve been duped by wobama along with
the rest of the nation and just won’t own up to the reality of the fraud called
wobama! Wobama the b for b***s*** speaks … on the prior pre-election campaign
trail ( 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’ … ) 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…’] }
Boehner:
Obama has 'never even had a real job, for God's sake'...
O BRINGS
BACK TELEPROMPTER...
REPORT:
Warnings ignored in Solyndra loan...
STOCK
IMPLOSION HITS CA TAX REVENUES...
San
Bernardino files for bankruptcy...
Vacant
Detroit becomes dumping ground for the dead...
House urges
Obama to fight UN web regulation...
Dave’s Daily: http://www.etfdigest.com ‘BULLS JUMP ON EMPLOYMENT DATA’ 8-3-12 [
{ Dave’s Daily Summary with pics/charts – Dave is always worth a look; a bit
too bullish methinks, but somewhat realistic in light of the preposterous
churn-and-earn frauds/’valuations’, which folly has gone global and will end
quite badly! http://albertpeia.com/davesummary8312.htm } Then there’s: {
AP: Preposterous beyond words! In a nutshell: lunatics here on wall street and
abroad are indeed affected by this full moon in a very big way! } ] , Lest you
think we’ve turned the corner. . . . MK .. FDIC announces another bank failure..
the 40th bank failure this year. At that rate about six per month.. Waukegan
Savings Bank of Waukegan, Illinois, http://albertpeia.com/bernankeputalie.htm
Lest you
think we’ve turned the corner. . . . August 3, 2012 MK
It’s Friday. And if its Friday, the FDIC announces another bank failure. In
this case the 40th bank failure this year. At that rate about six per month.
(But who’s counting?) Waukegan Savings Bank of Waukegan, Illinois. . . . Continue
reading …
, The
Bernanke Put is a Lie By gpc1981 http://albertpeia.com/bernankeputalie.htm , The
Employment Rate In The United States Is Lower Than It Was During The Last
Recession http://albertpeia.com/usemploymentratelowerthanlastrecession.htm , Friday
Humor: "I Am Pledging To Cut The Deficit We Inherited By Half By The End
Of My First Term In Office"
ZeroHedge.com Tyler Durden { Wobama the b for
b***s*** speaks … on the prior pre-election campaign trail ( 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’ … ) 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…’] }
obama-"If we confront this crisis without also confronting the deficits
that helped cause it, we risk sinking into another crisis down the road as our
interest payments rise, our obligations come due, confidence in our economy
erodes and our children and grandchildren are unable to pursue their dreams
because they are saddled with our debts. That's why today I am pledging
to cut the deficit we inherited by half by the end of my first term in office... That
means taking responsibility right now in this administration, for getting our
spending under control
August 3,
2012 By gpc1981 http://albertpeia.com/bernankeputalie.htm
Submitted
by Tyler Durden on 08/03/2012 { Wobama the b for
b***s*** speaks … on the prior pre-election campaign trail ( 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’ … ) 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…’] }
0-"If we confront this crisis without also
confronting the deficits that helped cause it, we risk sinking into another
crisis down the road as our interest payments rise, our obligations come due,
confidence in our economy erodes and our children and grandchildren are unable
to pursue their dreams because they are saddled with our debts. That's why
today I am pledging to cut the deficit we inherited by half by the
end of my first term in office... That means taking responsibility
right now in this administration, for getting our spending under control."
http://albertpeia.com/usemploymentratelowerthanlastrecession.htm
8-03-12 POLL: Obama
Job Approval Slips to 44%; Matches 2012 Low...
8.3%
{ Unemployment, plus record on disability, part-timers, underemployed, on food
stamps, etc., upwards of 15% U6 with
‘stopped looking’ fudge factored, etc.. }
Godfather
refers SOLYNDRA questions to consigliere in White House...
Colin
Powell's Son As Next DC Mayor? { Sure! What else! Niggers for
niggertown! And, all sides of all issues incompetent token black powell progeny
at that! }
Clint
Eastwood backs Romney: 'Country needs boost'… { Clit redeems himself … I’m
impressed! } ...
{ Here’s another lift Clint: } PHELPS MAKES
MORE HISTORY WITH FLY...
Zuckerberg
has lost $9 billion since IPO...
BIASED MEDIA
BASH: 86% of Romney coverage NEGATIVE... { Friday
Humor: (obama last campaign) "I Am Pledging To Cut The Deficit We
Inherited By Half By The End Of My First Term In Office" ZeroHedge.com Wow!
The only explanation might be they’ve been duped by wobama along with
the rest of the nation and just won’t own up to the reality of the fraud called
wobama! Wobama the b for b***s*** speaks … on the prior pre-election campaign
trail ( 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’ … ) 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…’] }
Boehner:
Obama has 'never even had a real job, for God's sake'...
O BRINGS
BACK TELEPROMPTER...
REPORT:
Warnings ignored in Solyndra loan...
STOCK
IMPLOSION HITS CA TAX REVENUES...
San
Bernardino files for bankruptcy...
Vacant
Detroit becomes dumping ground for the dead...
House urges
Obama to fight UN web regulation...
COPS:
Teen Stabs Man 22 Times After Online Xbox Chat Turns Sour...
REPORT:
White House scrambles to prevent defense cut pinkslips before election...
Chicago:
'The Deadliest Global City'...
POLL: ROMNEY
PULLS TO 5 POINT LEAD...
Court Finds
Obama Appointees Interfered with New Black Panther Prosecution...
UPDATE:
Jesse Jackson Jr. at Mayo Clinic for depression...
REPORT:
Obama's 'You didn't build that' gaffe won't bring back teleprompter...
Gorilla in
zoo hangs himself...
CAMPAIGN
RATTLED...
Barack Obama
Sr: 'Nothing Stopping Gov't From Taxing 100% Of Income'...
POLL: Less
than half of voters think president is Christian...
ROMNEY
MOVES INTO LEAD AT GALLUP,
RASMUSSEN...
USATODAYGALLUP
POLL: Romney preferred over Obama to handle economy...
It's
Official: 5 Straight Years of $1 Trillion Deficits!
OBAMA CAMPAIGN RUNS DEFICIT IN JUNE...
Dave’s Daily: http://www.etfdigest.com ‘DRAGHI DROPS THE BATON 8-2-12,
Spain
And Italy Are Toast …Euros http://albertpeia.com/spainitalytoastnomatterwhat.htm , The
Fed's Gold Is Being Audited... By The US Treasury ZeroHedge.com
Spain
And Italy Are Toast …Euros
http://albertpeia.com/spainitalytoastnomatterwhat.htm
http://albertpeia.com/only24percentusjobsgood.htm
8-02-12 GM PROFITS
PLUNGE 41%...
Feds keep
buying more cars...
HEATWAVE
ON HILL:Romney to
Reid: 'Put up or shut up'...
Dems
apologize to Adelson for 'Chinese prostitution' comments...
Boehner:
Obama has 'never even had a real job, for God's sake'...
O BRINGS
BACK TELEPROMPTER...
REPORT:
Warnings ignored in Solyndra loan...
Mainstream
Media Blacks Out CHICK-FIL-A Story?
FAKEBOOK
MILLIONS: PETS MAKE PAGES...
STOCK
IMPLOSION HITS CA TAX REVENUES...
San
Bernardino files for bankruptcy...
Vacant Detroit
becomes dumping ground for the dead...
House urges
Obama to fight UN web regulation...
COPS:
Teen Stabs Man 22 Times After Online Xbox Chat Turns Sour...
REPORT:
White House scrambles to prevent defense cut pinkslips before election...
Chicago:
'The Deadliest Global City'...
POLL: ROMNEY
PULLS TO 5 POINT LEAD...
Court Finds
Obama Appointees Interfered with New Black Panther Prosecution...
UPDATE:
Jesse Jackson Jr. at Mayo Clinic for depression...
Dave’s Daily: http://www.etfdigest.com ‘BERNANKE PASSES THE BATON TO
DRAGHI 8-1-12 http://albertpeia.com/davescharts8112.jpg http://albertpeia.com/davescharts8113.jpg ’
, Angela
Merkel Will NOT Lose Germany’s AAA Status Before Her Re-election Let’s
Stop Kidding Ourselves and Look at the REAL Math Behind Spain http://albertpeia.com/merkelholdsspainfolds.htm , Mainstream
Reporter Tells The Truth About Audit The Fed And The Creation Of The Federal
Reserve http://albertpeia.com/truthaboutauditfedandfedcreation.htm , This
Is What Happens When An HFT Algo Goes Totally Berserk And Serves Knight Capital
With The Bill ZeroHedge.com
http://endoftheamericandream.com
http://albertpeia.com/theywanttochipyou.htm
Kurt Nimmo
Infowars.com
July 31, 2012
{ I’m really
constrained to interject my own direct experience with the FBI here; and, I
must say I do so lamentably. If you want no real results vis-à-vis organized
crime which now extends to the upper reaches, highest levels of the corrupt
u.s. government, go to the FBI. I discounted the new jersey FBI as just typical
corrupt, mob infested jersey which thinks in terms of discos/casinos. But,
truth be told, they never ask the ‘tough’ questions of the biggest criminals;
ie., the biggest wall street frauds, cia connected illegal ‘drug ops’
(ops…riiiiight), federal judges ie., trump barry, shiff, alito, etc.; but, they
did go after Martha Stewart in a very big way over a $45,000 transaction. Wow!
You can’t make this stuff up. I also don’t believe their (understated) crime
stats for even a second. I’m beginning to feel foolish for having even put my
full faith and trust in them, much less the ‘federal (judicial) system’ who
share the ‘same employer’; and, despite my antipathy for the mob, probably
would have fared ‘more fairly’ with the mobsters directly who seem to have at
least some sense of the magnitude of the fraud involved and the pervasive
corruption of the system and government and maybe a semblance of honor in this
nation of protracted decline. It never would have occurred to me back when for
me, such a choice/decision was clear-cut and simple. Such a course as mine I no
longer could recommend inasmuch as there is little difference between
state/government sponsored crime/corruption and that perpetrated by other
criminal elements, from my direct experience with both, infra:
Debauchery: An American specialty In the land of Lindsay Lohan and Snooki, some
federal workers reflect our culture all too well. (Washington Post) [ Lindsay
Lohan? Come on Mr. Milbank, hands off the low hanging fruit. She’s totally harmless.
Jersey ‘italian’ snooki? In mob infested new jersey, who knows (one of the
properties in my proceedings for which surplus funds are unaccounted for was a
2 bedroom 1 and 1/2 bath condominium in seaside heights, n.j.). But debauchery
an american specialty? Another rare instance wherein I agree with Mr. Milbank
completely. 25 Signs That America Is A Seething Cesspool
Of Filth And Corruption http://albertpeia.com/25signsamericacesspooloffilthcrimeandcorruption.htm . Review of flawed forensics held close to vest EXCLUSIVE | Documents and interviews show FBI and
Justice Department officials took steps to control information uncovered by a task
force designed to examine cases involving discredited agents. Many defendants
were never notified of flaws in cases. ‘Simply unconscionable’ (Washington Post) [ Well, I really have to say this.
I’m awaiting word from the FBI as to resolution, one way or the other,
concerning the RICO matters which have been systematically and corruptly
covered up by the government (executive, legislative, and judicial branches of
the pervasively corrupt, defacto bankrupt u.s. government http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
) . Never in my wildest dreams would I have believed the
level and extent of corruption and criminality within the ranks of the u.s.
government before embarking upon this costly quest for justice and simple
fairness consistent with clear law (infra, regarding the u.s. government’s
direct involvement in the illegal drug trade). In this civil RICO matter, there
are no innocent bystanders; but rather, perpetrators, accomplices, and
co-conspirators. When the fbi agent initially assigned to this matter
(Connecticut) abruptly resigned/retired shortly after a conversation, though
not central to my case, wherein I had said that rudy giuliani’s father had been
an (convicted) enforcer for the mob (served 12 years? in prison, aggravated
assault/manslaughter?) and then sent him documentation owing to his disbelief.
Though ultimately ineffectual vis-à-vis my case, he was a likeable guy for whom
I had and still have regard. I then spoke with FBI Agent Jeff Rasey upon the
aforesaid agent’s departure who somewhat plaintively (‘my call being a burden’)
told me that ‘he was a Ford, and I was a Ferrari’, which he didn’t explain
further. Could anyone tell me what that means? Initially, at new jersey’s FBI
office, I was ‘greeted’ by an FBI Agent who sarcastically asked me whether I
was ‘going to the disco that night’ (the documents including sworn statements
delivered to then u.s. attorney sam alito’s office in the same building
disappeared twice along with the initial assistant u.s. attorney Jonathan Lacey
with whom I had reviewed the documentary evidence, documents and their probative
value http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf . We all can infer sam alito’s
reward / quid pro quo for his cover-up by his current position on the u.s.
supreme court. There was never a question as to maryanne trump
barry’s interest in corrupting the judicial process as related to her brother’s
(trump) casinos. Jersey city boy louis freeh, labeled by former Prosecutor
Larry Klaiman as the most corrupt FBI director ever (see infra, mueller seems
no different, and certainly holder’s impeachable actions and corrupt
behavior/cover-ups fit the mold, ie., fast and furious, race bias favoring
blacks, etc.) apparently covered up the RICO violations as sent to him, and,
with italian citizenship and lucrative insider deals fits the bill. The FBI
Agent Jeff Hayes of the Long Beach Office with whom I reviewed the RICO
documents and confirmed same as indicative of (drug) money laundering was
transferred shortly after meeting with him, as has been so of FBI Agent Bill
Lewis (promoted to Washington FBI headquarters) with whom I discussed the RICO
matter and case disks/dvd’s sent to the LA FBI office (they printed the documents
thereon, as per Agent Lewis), Steven Martinez, ADIC, here in Los Angeles (see
infra). So, as regards FBI flaws, coverup, etc., I have to believe it based on
my own experience and reasonable inference. I’m currently being ‘stonewalled’
by the LA FBI office since the departure of FBI Agent Bill Lewis.
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. ...
Review of flawed forensics held close to vest EXCLUSIVE | Documents and interviews show FBI and
Justice Department officials took steps to control information uncovered by a
task force designed to examine cases involving discredited agents. Many
defendants were never notified of flaws in cases. ‘Simply unconscionable’ (Washington Post) [ Well, I really have to say this.
I’m awaiting word from the FBI as to resolution, one way or the other,
concerning the RICO matters which have been systematically and corruptly
covered up by the government (executive, legislative, and judicial branches of
the pervasively corrupt, defacto bankrupt u.s. government http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
) . Never in my wildest dreams would I have believed the
level and extent of corruption and criminality within the ranks of the u.s.
government before embarking upon this costly quest for justice and simple
fairness consistent with clear law (infra, regarding ie., the u.s. government’s
direct involvement in the illegal drug trade, etc.). In this civil RICO matter,
there are no innocent bystanders; but rather, perpetrators, accomplices, and
co-conspirators. When the fbi agent initially assigned to this matter
(Connecticut) abruptly resigned/retired shortly after a conversation, though
not central to my case, wherein I had said that rudy giuliani’s father had been
an (convicted) enforcer for the mob (served 12 years? in prison, aggravated
assault/manslaughter?) and then sent him documentation owing to his disbelief.
Though ultimately ineffectual vis-à-vis my case, he was a likeable guy for whom
I had and still have regard. I then spoke with FBI Agent Jeff Rasey upon the
aforesaid agent’s departure who somewhat plaintively (‘my call being a burden’)
told me that ‘he was a Ford, and I was a Ferrari’, which he didn’t explain
further. Could anyone tell me what that means? Initially, at new jersey’s FBI
office, I was ‘greeted’ by an FBI Agent who sarcastically asked me whether I
was ‘going to the disco that night’ (the documents including sworn statements
delivered to then u.s. attorney sam alito’s office in the same building
disappeared twice along with the initial assistant u.s. attorney Jonathan Lacey
with whom I had reviewed the documentary evidence, documents and their
probative value http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf . We all can infer sam alito’s
reward / quid pro quo for his cover-up by his current position on the u.s.
supreme court. There was never a question as to maryanne trump
barry’s interest in corrupting the judicial process as related to her brother’s
(trump) casinos. Jersey city by louis freeh, labeled by former Prosecutor Larry
Klaiman as the most corrupt FBI director ever (see infra, mueller seems no
different, and certainly holder’s impeachable actions and corrupt
behavior/cover-ups fit the mold, ie., fast and furious, race bias favoring
blacks, etc.) apparently covered up the RICO violations as sent to him, and,
with italian citizenship and lucrative insider deals fits the bill. The FBI
Agent Jeff Hayes of the Long Beach Office with whom I reviewed the RICO
documents and confirmed same as indicative of (drug) money laundering was
transferred shortly after meeting with him, as has been so of FBI Agent Bill
Lewis (promoted to Washington FBI headquarters) with whom I discussed the RICO
matter and case disks/dvd’s sent to the LA FBI office (they printed the
documents thereon, as per Agent Lewis), Steven Martinez, ADIC, here in Los
Angeles (see infra). So, as regards FBI flaws, coverup, etc., I have to believe
it based on my own experience and reasonable inference. I’m currently being ‘stonewalled’
by the LA FBI office since the departure of FBI Agent Bill Lewis.
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,
· A judgment had been entered in my favor in the case, United States District Court Case #3:93cv02065(AWT)(USDCJ Alvin Thompson), worth approximately now in excess of $300,000 remains unaccounted for and which could be used for payment to creditors, Los Angeles, etc..
· Counsel Robert Sullivan on my behalf documented by way of certification upon investigation that Alan Shiff, USBCJ, had falsely stated a dismissal upon which false statement he predicated a retaliatory and spurious contempt proceeding against me causing substantial damage, and for which he sought Judicial Notice of those and related proceedings as did I in some of my filings.
· The Order of Dismissal With Prejudice by Alan Shiff, USBCJ, owing to Defendant Coan’s failure to file anything whatsoever by the court’s deadline causing creditors and me substantial damages: [ Shiff Order of Dismissal With Prejudice on Coan’s Failure to File Page 1 Page 2 ]
·
Defendant Coan had filed an action against me to
prevent me from suing him which necessitated me to fly to Connecticut for a
hearing before The Honorable Robert N. Chatigny, Chief Judge, USDC, District of
Connecticut, who denied Coan’s requested relief as to Coan but precluded my
action against Shiff (although there is no immunity, judicial or otherwise, for
criminal acts, ie., fraud connected with a case under Title 11, USC, etc.) .
[ transcript in pertinent part - http://albertpeia.com/crossexamofcoanbypeia.pdf
]
· Newly appointed judge, Maryanne Trump Barry, Donald Trump’s sister, was assigned the RICO case despite the conflict of interest in light of hundreds of thousands of dollars of illegal (drug) money being laundered through the Trump casinos by the RICO defendants, and despite my motion to recuse her which motion she heard herself and denied, and U.S. Trustee Hugh Leonard with whom I met personally refused to join or file a separate motion to recuse and not long thereafter left said office for private practice at Cole, Shotz, et als on retainer with the RICO defendants as his primary client.
·
Probative and evidentiary documents, affidavits,
exhibits, including those turned over to FBI Agent Jeff Hayes in Long Beach,
CA, had been given to Assistant U.S. Attorney Jonathan Lacey with whom I met
personally at the U.S. Attorney’s Office in Newark, N.J., at which time Samuel
Alito was U.S. Attorney, and went over said documents and their probative value
with him. Within approximately a month thereafter upon inquiry I was told that
Jonathon Lacey was no longer with the office, that the file/documents could not
be located, and that there was no further information available concerning
contacting him or his location. I thereupon delivered by hand, copies of said
documents to the office of then U.S. Attorney Alito, addressed to him, with
assurance they would go directly to him. In addition to being inept [ I looked
in on the one mob case he had brought, bungled, lost (accidently on purpose?)
since I was suing some mob-connected under RICO and the court (I had known /
previously met outside of court the judge Ackerman through a client) was
absolute bedlam and a total joke since incompetent corrupt Alito brought in all
20 mob defendants (rather than prosecute one or a few to flip them first) who
feigning illness had beds/cots in the courtroom along with their moans during
testimony and had the jury in stitches. As much as I hate the mob, it truly was
funny, if not so tragic.], Alito is also corrupt (and maybe corrupt
because he is inept). After a reasonable (but still rather short) time I called
to determine the status and was told that Alito was no longer with the Office
of the U.S. Attorney, that he was (appointed) a federal judge, and that neither
the documents nor any file or record of same could be located. Alito did parley
the same / cover-up into quid pro quo direct lifetime appointment to the Court
of Appeals, 3rd circuit, despite the absence of judicial experience
or successful tenure as U.S. Attorney (Maryanne Trump Barry as well). This is
the same Sam Alito that now sits on the purported highest court in the land.
The real application of the illegal rule ‘don’t ask, don’t tell’.
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) ]
FROM:
TO:
Wednesday, November 16, 2011 8:48 AM
Dear Mr. Peia:
Thank you for being in touch. As we
continue the busy first session of the 112th Congress, I want you to
know that I am grateful for the various times you have shared your thoughts and
concerns with me on different issues. Please be assured that your voice
is being heard and that your perspective helps me to better represent you in
Washington, D.C.
Sincerely,
LUCILLE ROYBAL-ALLARD
Member of Congress
[ This is a reply to the Congresswoman’s query among others included.]
11-5-11
Dear Congresswoman Roybal-Allard:
The Keynesian (economic) approach, if ever a wise prescription
for ‘economic doldrums’, euphemistically speaking (there are
articles/studies/data that dispute the purported effectiveness of the widely
hailed ‘Keynesian remedy’ during the prior great depression), the ‘Keynesian
way’ is certainly no longer a prudent approach today in light of the
insurmountable debt levels of nations worldwide and in america particularly
along with the concomitant over-printed, debased ‘paper currencies’ to finance
same. Quite simply, there simply is not enough real value being created for
redistribution, a situation exacerbated by the parasitic lightening fast,
computerized churn and earn high frequency trading programs on fraudulent wall
street (they should be prosecuted, jailed, fined, and disgorgement imposed for
extant frauds in the trillions now marked to anything as per misguided
legislated FASB rule change). [ America’s debt woe is
worse than Greece’s News (CNN) — ‘Our government is utterly broke …The
government’s total indebtedness is $211 trillion’. 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
] .This is the consequence of a structural shift fed by greed and misguided
policy and cannot be undone (transfer of productive capacity to ie., China,
etc., ‘the bell cannot be unrung’). That said which militates against such an
extension, this is an election year which probabilities suggest makes highly
likely the passage of the extension. I favor your co-sponsored legislation and
before the holidays simply in the name and spirit of Christmas and for no other
reason whatsoever. Below is a recent comment to Opinion Writer Krauthammer’s
‘more war spending (Keynesian) position’ and an article regarding the folly of
same. Immediately following is from my prior post to you concerning something
of such manageable proportion and well within the government’s ability to
resolve (if the government can’t accomplish this consistent with law and long
overdue, then there isn’t anything the government can accomplish), along with
other comments to you for ease of reference:
‘…As previously noted in a prior message to you, I had previously spoken to FBI Agent Bill Lewis in Washington who was recently promoted to the FBI Headquarters Office (D.C.) from the FBI office here in LA, and who was to be out of the office for the two weeks past. I’ll be contacting him given a reasonable time for him to ‘catch up’, from being out of the office. While independent contractor richard coan is ultimately the one to bear the burden of damages (there’s insurance and a surety covering same), coan might allude to the prior default of the u.s. government (assist. u.s. atty. robert i. lester miscounted / miscalculated the time for filing an answer / response to the complaint upon service thereof, also misstating the rule in open court before corrupt judge matz who ‘schmoozed’ things over (they both have the same employer), however incorrectly according to the ‘law’. I ordered / bought a copy of the transcript of that rather pathetic proceeding (posted in part on my website). In any event, regardless who pays me, the amounts so paid would ultimately be recovered from coan, his insurer/surety which amounts might even exceed the amount I’m willing to settle at. [There is also a judgment (referenced in the correspondence to FBI ADIC Martinez infra) that had been entered in my favor in the case, United States District Court Case #3:93cv02065(AWT)(USDCJ Alvin Thompson), worth approximately now in excess of $300,000 remains unaccounted for and which would benefit Los Angeles, etc.; and then, of course as well, the substantial damages. ] I’ve waited far too long for this matter to resolve, what should have been resolved in accordance with clear law long ago; and, which would have been resolved if not for typical u.s. corruption in the process; and, which is well within the government’s ability to resolve. In my world and way of thinking, results do count! I’ve included prior correspondence for ease of reference…’
Sincerely,
Albert L. Peia
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
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.”
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 }
http://albertpeia.com/merkelholdsspainfolds.htm
8-01-12 POLL:
Romney jumps to 20-point advantage among white voters...
WAIT FOR FALL: Fed Sees Economy
Slowing But Holds Off on New Steps...
Gigantic
NYC Sinkhole Swallows Cars Whole...
OBAMA
AUTHORIZES SECRET SUPPORT FOR SYRIAN 'REBELS'...
Obama speaks
with world leader while holding baseball bat?
Union leader
strives to ease president's 'white guy problem'(insanely seeks a place in the
blackpeoples’ pot-they ‘love’ that white meat)...
COPS:
Teen Stabs Man 22 Times After Online Xbox Chat Turns Sour...
REPORT:
White House scrambles to prevent defense cut pinkslips before election...
Chicago:
'The Deadliest Global City'...
POLL: ROMNEY
PULLS TO 5 POINT LEAD...
Court Finds
Obama Appointees Interfered with New Black Panther Prosecution...
UPDATE:
Jesse Jackson Jr. at Mayo Clinic for depression...
REPORT:
Obama's 'You didn't build that' gaffe won't bring back teleprompter...
Gorilla in
zoo hangs himself...
CAMPAIGN
RATTLED...
Barack Obama
Sr: 'Nothing Stopping Gov't From Taxing 100% Of Income'...
POLL: Less
than half of voters think president is Christian...
ROMNEY
MOVES INTO LEAD AT GALLUP,
RASMUSSEN...
USATODAYGALLUP
POLL: Romney preferred over Obama to handle economy...
It's
Official: 5 Straight Years of $1 Trillion Deficits!
7-31-12 Dave’s Daily: http://www.etfdigest.com INVESTORS WAIT ON CENTRAL BANKS AND JOBS 7-31-12 ‘.. Bill
Gross: WE’RE WITNESSING THE DEATH OF EQUITIES 7-31-12 By Steven
Russolillo, WSJ Blogs
MarketBeat WSJ.com's inside look at the markets ‘The
bond king says stocks are dead. Bill Gross, Pimco’s co-founder and co-chief
investment officer, says stock investors should think again about the age-old
“buy-and-hold” investing mantra. He says consistent, annual returns are a thing
of the past. “The cult
of equity is dying,” Bill Gross wrote in his August Investment
Outlook. “Like a once bright green aspen turning to
subtle shades of yellow then red in the Colorado fall, investors’ impressions
of ‘stocks for the long run’ or any run have mellowed as well.”… an “historical freak” that isn’t likely to be
duplicated anytime soon, due to slowing economic growth around the globe…“The 6.6%
real return belied a commonsensical flaw much like that of a chain letter or
yes — a Ponzi scheme… , THE
REAL CRASH IS DEAD AHEAD AS 2008 IS FORGOTTEN
Paul
B. Farrell, MarketWatch
http://albertpeia.com/realcrashdeadahead.htm , Just
Open Up Your Eyes And Look - 65 Signs That The Economic Collapse Is Already
Happening http://albertpeia.com/65signseconomiccollapsehappening.htm
THE REAL CRASH IS DEAD AHEAD AS 2008 IS
FORGOTTEN Paul B. Farrell,
MarketWatch http://albertpeia.com/realcrashdeadahead.htm , Just
Open Up Your Eyes And Look - 65 Signs That The Economic Collapse Is Already
Happening http://albertpeia.com/65signseconomiccollapsehappening.htm
, Germany Now
Has a REAL Debt to GDP of 300%…. Bye Bye Eurozone http://albertpeia.com/germanydebttogdpnow300percent.htm , Historic
Drought, Giant Dust Storms And Massive Power Grid Failures - A Glimpse Into Our
Future http://albertpeia.com/droughtdustpowergridfailuresfuture.htm
, China
PMI Misses And Prints Lowest In 8 Months With 10 Of 11 Sub-Indices Contracting
ZeroHedge.com
Tyler Durden , Jeremy
Grantham: "I, For One, Wish That The World Would Get On With Whatever Is
Coming Next" "The economic environment seems to be
stuck in a rather unpleasant perpetual loop. Greece is always about to default;
the latest bailout is always about to save the day and yet never seems to;
China is always about to collapse but instead teases us by inching down; and I
swear the Financial Times is beginning to recycle its reports! In the U.S., the
fiscal cliff looms along with debt limits and the usual election uncertainties.
The dysfunctional U.S. Congress continues for the time being in its intractable
ways. The stock market rises and falls and rises and falls again. It is getting
difficult to find anything new to say at client meetings. I, for one, wish that the world
would get on with whatever is coming next." ‘…With
margins weakening, one of the twin pillars is looking shaky and price declines
look more likely than before…’ , Guest Post:
The European Tinder Box ‘…Europe is on the verge of being raped
and our own politicians don’t know where to look, still less what to do.
Kurt Nimmo
Infowars.com
July 31, 2012
{ I’m really constrained
to interject my own direct experience with the FBI here; and, I must say I do
so lamentably. If you want no real results vis-à-vis organized crime which now
extends to the upper reaches, highest levels of the corrupt u.s. government, go
to the FBI. I discounted the new jersey FBI as just typical corrupt, mob
infested jersey which thinks in terms of discos/casinos. But, truth be told,
they never ask the ‘tough’ questions of the biggest criminals; ie., the biggest
wall street frauds, cia connected illegal ‘drug ops’ (ops…riiiiight), federal
judges ie., trump barry, shiff, alito, etc.; but, they did go after Martha
Stewart in a very big way over a $45,000 transaction. Wow! You can’t make this
stuff up. I also don’t believe their (understated) crime stats for even a
second. I’m beginning to feel foolish for having even put my full faith and
trust in them, much less the ‘federal (judicial) system’ who share the ‘same
employer’; and, despite my antipathy for the mob, probably would have fared
‘more fairly’ with the mobsters directly who seem to have at least some sense
of the magnitude of the fraud involved and the pervasive corruption of the
system and government and maybe a semblance of honor in this nation of
protracted decline. It never would have occurred to me back when for me, such a
choice/decision was clear-cut and simple. Such a course as mine I no longer
could recommend inasmuch as there is little difference between state/government
sponsored crime/corruption and that perpetrated by other criminal elements,
from my direct experience with both, infra:
Debauchery: An American specialty In the land of Lindsay Lohan and Snooki, some
federal workers reflect our culture all too well. (Washington Post) [ Lindsay
Lohan? Come on Mr. Milbank, hands off the low hanging fruit. She’s totally
harmless. Jersey ‘italian’ snooki? In mob infested new jersey, who knows (one
of the properties in my proceedings for which surplus funds are unaccounted for
was a 2 bedroom 1 and 1/2 bath condominium in seaside heights, n.j.). But
debauchery an american specialty? Another rare instance wherein I agree with
Mr. Milbank completely. 25 Signs That America Is A Seething Cesspool
Of Filth And Corruption http://albertpeia.com/25signsamericacesspooloffilthcrimeandcorruption.htm . Review of flawed forensics held close to vest EXCLUSIVE | Documents and interviews show FBI and
Justice Department officials took steps to control information uncovered by a
task force designed to examine cases involving discredited agents. Many
defendants were never notified of flaws in cases. ‘Simply unconscionable’ (Washington Post) [ Well, I really have to say this.
I’m awaiting word from the FBI as to resolution, one way or the other,
concerning the RICO matters which have been systematically and corruptly
covered up by the government (executive, legislative, and judicial branches of
the pervasively corrupt, defacto bankrupt u.s. government http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
) . Never in my wildest dreams would I have believed the
level and extent of corruption and criminality within the ranks of the u.s.
government before embarking upon this costly quest for justice and simple
fairness consistent with clear law (infra, regarding the u.s. government’s
direct involvement in the illegal drug trade). In this civil RICO matter, there
are no innocent bystanders; but rather, perpetrators, accomplices, and
co-conspirators. When the fbi agent initially assigned to this matter
(Connecticut) abruptly resigned/retired shortly after a conversation, though
not central to my case, wherein I had said that rudy giuliani’s father had been
an (convicted) enforcer for the mob (served 12 years? in prison, aggravated
assault/manslaughter?) and then sent him documentation owing to his disbelief.
Though ultimately ineffectual vis-à-vis my case, he was a likeable guy for whom
I had and still have regard. I then spoke with FBI Agent Jeff Rasey upon the
aforesaid agent’s departure who somewhat plaintively (‘my call being a burden’)
told me that ‘he was a Ford, and I was a Ferrari’, which he didn’t explain
further. Could anyone tell me what that means? Initially, at new jersey’s FBI
office, I was ‘greeted’ by an FBI Agent who sarcastically asked me whether I
was ‘going to the disco that night’ (the documents including sworn statements
delivered to then u.s. attorney sam alito’s office in the same building
disappeared twice along with the initial assistant u.s. attorney Jonathan Lacey
with whom I had reviewed the documentary evidence, documents and their
probative value http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf . We all can infer sam alito’s
reward / quid pro quo for his cover-up by his current position on the u.s.
supreme court. There was never a question as to maryanne trump
barry’s interest in corrupting the judicial process as related to her brother’s
(trump) casinos. Jersey city boy louis freeh, labeled by former Prosecutor
Larry Klaiman as the most corrupt FBI director ever (see infra, mueller seems
no different, and certainly holder’s impeachable actions and corrupt
behavior/cover-ups fit the mold, ie., fast and furious, race bias favoring
blacks, etc.) apparently covered up the RICO violations as sent to him, and,
with italian citizenship and lucrative insider deals fits the bill. The FBI
Agent Jeff Hayes of the Long Beach Office with whom I reviewed the RICO
documents and confirmed same as indicative of (drug) money laundering was
transferred shortly after meeting with him, as has been so of FBI Agent Bill
Lewis (promoted to Washington FBI headquarters) with whom I discussed the RICO
matter and case disks/dvd’s sent to the LA FBI office (they printed the
documents thereon, as per Agent Lewis), Steven Martinez, ADIC, here in Los
Angeles (see infra). So, as regards FBI flaws, coverup, etc., I have to believe
it based on my own experience and reasonable inference. I’m currently being
‘stonewalled’ by the LA FBI office since the departure of FBI Agent Bill Lewis.
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. ...
Review of flawed forensics held close to vest EXCLUSIVE | Documents and interviews show FBI and
Justice Department officials took steps to control information uncovered by a
task force designed to examine cases involving discredited agents. Many
defendants were never notified of flaws in cases. ‘Simply unconscionable’ (Washington Post) [ Well, I really have to say this.
I’m awaiting word from the FBI as to resolution, one way or the other,
concerning the RICO matters which have been systematically and corruptly
covered up by the government (executive, legislative, and judicial branches of
the pervasively corrupt, defacto bankrupt u.s. government http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
) . Never in my wildest dreams would I have believed the
level and extent of corruption and criminality within the ranks of the u.s.
government before embarking upon this costly quest for justice and simple
fairness consistent with clear law (infra, regarding ie., the u.s. government’s
direct involvement in the illegal drug trade, etc.). In this civil RICO matter,
there are no innocent bystanders; but rather, perpetrators, accomplices, and
co-conspirators. When the fbi agent initially assigned to this matter
(Connecticut) abruptly resigned/retired shortly after a conversation, though
not central to my case, wherein I had said that rudy giuliani’s father had been
an (convicted) enforcer for the mob (served 12 years? in prison, aggravated
assault/manslaughter?) and then sent him documentation owing to his disbelief.
Though ultimately ineffectual vis-à-vis my case, he was a likeable guy for whom
I had and still have regard. I then spoke with FBI Agent Jeff Rasey upon the
aforesaid agent’s departure who somewhat plaintively (‘my call being a burden’)
told me that ‘he was a Ford, and I was a Ferrari’, which he didn’t explain
further. Could anyone tell me what that means? Initially, at new jersey’s FBI
office, I was ‘greeted’ by an FBI Agent who sarcastically asked me whether I
was ‘going to the disco that night’ (the documents including sworn statements
delivered to then u.s. attorney sam alito’s office in the same building
disappeared twice along with the initial assistant u.s. attorney Jonathan Lacey
with whom I had reviewed the documentary evidence, documents and their
probative value http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf . We all can infer sam alito’s
reward / quid pro quo for his cover-up by his current position on the u.s.
supreme court. There was never a question as to maryanne trump
barry’s interest in corrupting the judicial process as related to her brother’s
(trump) casinos. Jersey city by louis freeh, labeled by former Prosecutor Larry
Klaiman as the most corrupt FBI director ever (see infra, mueller seems no
different, and certainly holder’s impeachable actions and corrupt
behavior/cover-ups fit the mold, ie., fast and furious, race bias favoring
blacks, etc.) apparently covered up the RICO violations as sent to him, and,
with italian citizenship and lucrative insider deals fits the bill. The FBI
Agent Jeff Hayes of the Long Beach Office with whom I reviewed the RICO
documents and confirmed same as indicative of (drug) money laundering was
transferred shortly after meeting with him, as has been so of FBI Agent Bill
Lewis (promoted to Washington FBI headquarters) with whom I discussed the RICO
matter and case disks/dvd’s sent to the LA FBI office (they printed the
documents thereon, as per Agent Lewis), Steven Martinez, ADIC, here in Los
Angeles (see infra). So, as regards FBI flaws, coverup, etc., I have to believe
it based on my own experience and reasonable inference. I’m currently being
‘stonewalled’ by the LA FBI office since the departure of FBI Agent Bill Lewis.
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,
· A judgment had been entered in my favor in the case, United States District Court Case #3:93cv02065(AWT)(USDCJ Alvin Thompson), worth approximately now in excess of $300,000 remains unaccounted for and which could be used for payment to creditors, Los Angeles, etc..
· Counsel Robert Sullivan on my behalf documented by way of certification upon investigation that Alan Shiff, USBCJ, had falsely stated a dismissal upon which false statement he predicated a retaliatory and spurious contempt proceeding against me causing substantial damage, and for which he sought Judicial Notice of those and related proceedings as did I in some of my filings.
· The Order of Dismissal With Prejudice by Alan Shiff, USBCJ, owing to Defendant Coan’s failure to file anything whatsoever by the court’s deadline causing creditors and me substantial damages: [ Shiff Order of Dismissal With Prejudice on Coan’s Failure to File Page 1 Page 2 ]
·
Defendant Coan had filed an action against me to
prevent me from suing him which necessitated me to fly to Connecticut for a
hearing before The Honorable Robert N. Chatigny, Chief Judge, USDC, District of
Connecticut, who denied Coan’s requested relief as to Coan but precluded my
action against Shiff (although there is no immunity, judicial or otherwise, for
criminal acts, ie., fraud connected with a case under Title 11, USC, etc.) .
[ transcript in pertinent part - http://albertpeia.com/crossexamofcoanbypeia.pdf
]
· Newly appointed judge, Maryanne Trump Barry, Donald Trump’s sister, was assigned the RICO case despite the conflict of interest in light of hundreds of thousands of dollars of illegal (drug) money being laundered through the Trump casinos by the RICO defendants, and despite my motion to recuse her which motion she heard herself and denied, and U.S. Trustee Hugh Leonard with whom I met personally refused to join or file a separate motion to recuse and not long thereafter left said office for private practice at Cole, Shotz, et als on retainer with the RICO defendants as his primary client.
·
Probative and evidentiary documents, affidavits,
exhibits, including those turned over to FBI Agent Jeff Hayes in Long Beach,
CA, had been given to Assistant U.S. Attorney Jonathan Lacey with whom I met
personally at the U.S. Attorney’s Office in Newark, N.J., at which time Samuel
Alito was U.S. Attorney, and went over said documents and their probative value
with him. Within approximately a month thereafter upon inquiry I was told that
Jonathon Lacey was no longer with the office, that the file/documents could not
be located, and that there was no further information available concerning
contacting him or his location. I thereupon delivered by hand, copies of said
documents to the office of then U.S. Attorney Alito, addressed to him, with
assurance they would go directly to him. In addition to being inept [ I looked
in on the one mob case he had brought, bungled, lost (accidently on purpose?)
since I was suing some mob-connected under RICO and the court (I had known /
previously met outside of court the judge Ackerman through a client) was
absolute bedlam and a total joke since incompetent corrupt Alito brought in all
20 mob defendants (rather than prosecute one or a few to flip them first) who
feigning illness had beds/cots in the courtroom along with their moans during
testimony and had the jury in stitches. As much as I hate the mob, it truly was
funny, if not so tragic.], Alito is also corrupt (and maybe corrupt
because he is inept). After a reasonable (but still rather short) time I called
to determine the status and was told that Alito was no longer with the Office
of the U.S. Attorney, that he was (appointed) a federal judge, and that neither
the documents nor any file or record of same could be located. Alito did parley
the same / cover-up into quid pro quo direct lifetime appointment to the Court
of Appeals, 3rd circuit, despite the absence of judicial experience
or successful tenure as U.S. Attorney (Maryanne Trump Barry as well). This is
the same Sam Alito that now sits on the purported highest court in the land.
The real application of the illegal rule ‘don’t ask, don’t tell’.
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) ]
FROM:
TO:
Wednesday, November 16, 2011 8:48 AM
Dear Mr. Peia:
Thank you for being in touch. As we
continue the busy first session of the 112th Congress, I want you to
know that I am grateful for the various times you have shared your thoughts and
concerns with me on different issues. Please be assured that your voice
is being heard and that your perspective helps me to better represent you in
Washington, D.C.
Sincerely,
LUCILLE ROYBAL-ALLARD
Member of Congress
[ This is a reply to the Congresswoman’s query among others included.]
11-5-11
Dear Congresswoman Roybal-Allard:
The Keynesian (economic) approach, if ever a wise prescription
for ‘economic doldrums’, euphemistically speaking (there are
articles/studies/data that dispute the purported effectiveness of the widely
hailed ‘Keynesian remedy’ during the prior great depression), the ‘Keynesian
way’ is certainly no longer a prudent approach today in light of the
insurmountable debt levels of nations worldwide and in america particularly
along with the concomitant over-printed, debased ‘paper currencies’ to finance
same. Quite simply, there simply is not enough real value being created for
redistribution, a situation exacerbated by the parasitic lightening fast,
computerized churn and earn high frequency trading programs on fraudulent wall
street (they should be prosecuted, jailed, fined, and disgorgement imposed for
extant frauds in the trillions now marked to anything as per misguided
legislated FASB rule change). [ America’s debt woe is
worse than Greece’s News (CNN) — ‘Our government is utterly broke …The
government’s total indebtedness is $211 trillion’. 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
] .This is the consequence of a structural shift fed by greed and misguided
policy and cannot be undone (transfer of productive capacity to ie., China,
etc., ‘the bell cannot be unrung’). That said which militates against such an
extension, this is an election year which probabilities suggest makes highly
likely the passage of the extension. I favor your co-sponsored legislation and
before the holidays simply in the name and spirit of Christmas and for no other
reason whatsoever. Below is a recent comment to Opinion Writer Krauthammer’s
‘more war spending (Keynesian) position’ and an article regarding the folly of
same. Immediately following is from my prior post to you concerning something
of such manageable proportion and well within the government’s ability to
resolve (if the government can’t accomplish this consistent with law and long
overdue, then there isn’t anything the government can accomplish), along with
other comments to you for ease of reference:
‘…As previously noted in a prior message to you, I had previously spoken to FBI Agent Bill Lewis in Washington who was recently promoted to the FBI Headquarters Office (D.C.) from the FBI office here in LA, and who was to be out of the office for the two weeks past. I’ll be contacting him given a reasonable time for him to ‘catch up’, from being out of the office. While independent contractor richard coan is ultimately the one to bear the burden of damages (there’s insurance and a surety covering same), coan might allude to the prior default of the u.s. government (assist. u.s. atty. robert i. lester miscounted / miscalculated the time for filing an answer / response to the complaint upon service thereof, also misstating the rule in open court before corrupt judge matz who ‘schmoozed’ things over (they both have the same employer), however incorrectly according to the ‘law’. I ordered / bought a copy of the transcript of that rather pathetic proceeding (posted in part on my website). In any event, regardless who pays me, the amounts so paid would ultimately be recovered from coan, his insurer/surety which amounts might even exceed the amount I’m willing to settle at. [There is also a judgment (referenced in the correspondence to FBI ADIC Martinez infra) that had been entered in my favor in the case, United States District Court Case #3:93cv02065(AWT)(USDCJ Alvin Thompson), worth approximately now in excess of $300,000 remains unaccounted for and which would benefit Los Angeles, etc.; and then, of course as well, the substantial damages. ] I’ve waited far too long for this matter to resolve, what should have been resolved in accordance with clear law long ago; and, which would have been resolved if not for typical u.s. corruption in the process; and, which is well within the government’s ability to resolve. In my world and way of thinking, results do count! I’ve included prior correspondence for ease of reference…’
Sincerely,
Albert L. Peia
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
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.”
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 }
‘If the case
of white supremacist Hal Turner taught us anything, it is that the government
manufactures Nazis and racists from whole cloth and then uses them to push
hysterical domestic terrorist propaganda and self-aggrandizement.
It came out
during Turner’s trial that he was a “National
Security Intelligence” asset working for the FBI’s Joint Terrorism Task Force. His
code name was “Valhalla” and “he received thousands of dollars from the FBI to
report on such groups as the Aryan Nations and the white supremacist National
Alliance, and even a member of the Blue Eyed Devils skinhead punk band,”
according to The Record.
The FBI has run
racist and white supremacist groups since the 1960s. Under COINTELPRO, the FBI
“subsidized, armed, directed and protected the Ku Klux Klan and other
right-wing groups,” Brian Glick writes. Racist groups were used to create a strategy
of tension by attacking groups on the so-called left, including anti-war,
Chicano and Puerto Rican activists and nationalists.
More recently,
in 2007, the FBI organized a neo-Nazi march in Orlando, Florida. The FBI’s
“informant” (agent provocateur) “was one of the most visible individuals in the
National Socialist Movement,” according to Andy Rosenkranz, state regional director for the Anti-Defamation
League. “Generally, the FBI and the JTTF (Joint Terrorism Task Force) in Florida
does an excellent job.”
The FBI has
also infiltrated a number of supposed Muslim terrorists groups and has
wheedled, cajoled and otherwise manipulated patsies into agreeing to commit
terror attacks.
In October, Mother Jones revealed that the FBI is notorious for creating
supposed terrorist groups from scratch and then framing patsies in order to
claim the government is protecting the United States from terrorists. The
number of government informants and agents provocateurs has grown exponentially
since the 1970s when the FBI claimed it shut down COINTELPRO.
On Tuesday, the
New York Daily News reported the FBI’s latest terrorist creation – the 1st SS
Kavallerie Brigade Motorcycle Division, founded in 2007 to recruit neo-Nazi
bikers for the Aryan Nations, a white supremacist terrorist organization,
according to Anthony Bartkewicz.
“One member
offered a $1,000 reward for the shooting of a black man. Others stockpiled
explosives to be used in terror attacks on U.S. targets,” writes Bartkewicz.
“But the biker gang was founded by undercover law enforcement agents in
Florida, and eventually 20 people were arrested for a range of offenses, from
dealing drugs to possessing illegal weapons and plotting murders, the Orlando Sentinel
reported.”
In May, the FBI
took down a group of mentally challenged white supremacists belonging to the
American Front, a group on the edge of extinction in the early 2000s but
resuscitated on the internet. The FBI claimed the group was “planning to kill
Jews and minorities in the ‘inevitable’ race war, according to an affidavit
obtained by the Orlando Sentinel. The Sentinel reports that the group also
looked to manufacture ricin, a ‘weapon of mass destruction,’” CBS Tampa reported.
Fear and loathing by liberals over FBI manufactured racist threat.
Considering the
FBI’s track record, however, it is likely the ricin plot was concocted by the
agency and then fed to the American Front patsies prior to the sensationalized
bust. Patsies rarely devise their own plots and are carefully managed by the
agency and its army of informants and agents provocateurs.
The Nazi biker
group created by the FBI after the Aryan Nations said it wanted to form a Nazi
motorcycle club to serve as the militant arm for white supremacists across the
country, according to records obtained by the Orlando Sentinel.
“Using a
false identity, the agent with the Orange County Sheriff’s Office became the
Aryan Nations’ top Florida administrator responsible for recruiting members for
what would become the 1st SS Kavallerie Brigade Motorcycle Division — operating
out of a clubhouse in St. Cloud,” Henry Pierson Curtis writes for the Sentinel.
“Early
members included at least two additional undercover FBI agents – who
infiltrated the club — and a biker accused of offering $1,000 to anyone willing
to shoot a black man riding an ATV in rural Osceola County, records show.”
In 2007, a FBI
informant, Rick Spring, admitted to running the Aryan Nations. “In a
confessional emailed out to white nationalist leaders, federal informant and
convicted bank robber Rick Spring admitted today that he operated the Aryan
Nations as a false flag front group for the FBI after the death of Richard
Butler,” wrote Bill White, editor of the Libertarian Socialist News.
Government
connections to terror groups are legion. In 2004, for instance, the FBI
revealed the Southern Poverty Law
Center was involved
with government operative and convicted Oklahoma City bomber Timothy McVeigh
and the Aryan Republican Army at Elohim City. McVeigh’s contact at Elohim City
was Andreas Carl Strassmeir, a former German intelligence officer. Peter Langan, the son of a retired U.S. Marine intelligence
officer and said to be the leader of the Aryan Republican Army, was a
government informant.
The SS
Kavallerie Brigade Motorcycle Division, responsible for setting up the American
Front, is yet another convoluted government fabrication designed to convince
ill-informed Americans that radical Muslims are not the only threat they face.
So are white guys with tattoos on their foreheads.
The absurdly
overblown threat of skinheads gunning for minorities plays right into the
Department of Homeland Security’s “rightwing extremist” narrative.
“Threats from
white supremacist and violent antigovernment groups during 2009 have been
largely rhetorical and have not indicated plans to carry out violent acts,” the
DHS wrote in a 2009 for eyes-only memo subsequently
leaked to Infowars.com and others, but “have capitalized on the election of the
first African American president, and are focusing their efforts to recruit new
members, mobilize existing supporters, and broaden their scope and appeal
through propaganda, but they have not yet turned to attack planning.”
The FBI’s contrived plots – including purported violence against police and officialdom by the Hutaree militia and now a supposed weapons of mass destruction attack by the American Front – are designed primarily for propaganda purposes. The Hutaree militia was vindicated in court and the accusations against the American Front will likely also eventually be reduced and revealed as government grandstanding, although this will not be reported on the front page in blazing headlines.’
http://albertpeia.com/65signseconomiccollapsehappening.htm
7-31-12
POLL:
Romney jumps to 20-point advantage among white voters...
Obama
donates cash to his own campaign...
THE
GREATEST IN HISTORY! { Congratulations to Michael
Phelps! }
CLAIM:
The Real Crash is dead ahead as 2008 is forgotten...
FACEBOOK
HIT WITH NEW SELLOFF...
REPORT:
White House scrambles to prevent defense cut pinkslips before election...
Chicago:
'The Deadliest Global City'...
POLL: ROMNEY
PULLS TO 5 POINT LEAD...
Court Finds
Obama Appointees Interfered with New Black Panther Prosecution...
UPDATE:
Jesse Jackson Jr. at Mayo Clinic for depression...
REPORT:
Obama's 'You didn't build that' gaffe won't bring back teleprompter...
Gorilla in
zoo hangs himself...
CAMPAIGN
RATTLED...
Barack Obama
Sr: 'Nothing Stopping Gov't From Taxing 100% Of Income'...
POLL: Less
than half of voters think president is Christian...
ROMNEY
MOVES INTO LEAD AT GALLUP,
RASMUSSEN...
USATODAYGALLUP
POLL: Romney preferred over Obama to handle economy...
It's
Official: 5 Straight Years of $1 Trillion Deficits!
OBAMA
CAMPAIGN RUNS DEFICIT IN JUNE...
http://albertpeia.com/11signstimesrunoutforfinancialsystem.htm
July 30,
2012 By gpc1981 http://gainspainscapital.com http://albertpeia.com/spainfinishedandfinancialsystemcollapse.htm
http://albertpeia.com/civilunrestishereandworstening.htm
Drudgereport: 7-30-12 POLL: ROMNEY
PULLS TO 5 POINT LEAD...
Court Finds
Obama Appointees Interfered with New Black Panther Prosecution...
UPDATE:
Jesse Jackson Jr. at Mayo Clinic for depression...
D.C. pays
students $5.25 an hour -- to attend summer school!
Corn prices
hit record as crops shrivel...
UPDATE:
SEATS STILL GO EMPTY IN LONDON...
PM Cameron:
'We can do better'...
Parents of
athletes turned away in mixup...
Games turn
London into 'ghost town'...
REPORT:
Obama's 'You didn't build that' gaffe won't bring back teleprompter...
Gorilla in
zoo hangs himself...
CAMPAIGN
RATTLED...
Barack Obama
Sr: 'Nothing Stopping Gov't From Taxing 100% Of Income'...
POLL: Less
than half of voters think president is Christian...
ROMNEY
MOVES INTO LEAD AT GALLUP,
RASMUSSEN...
USATODAYGALLUP
POLL: Romney preferred over Obama to handle economy...
It's
Official: 5 Straight Years of $1 Trillion Deficits!
OBAMA
CAMPAIGN RUNS DEFICIT IN JUNE...
Dave’s Daily: http://www.etfdigest.com BULLISH QE ALGOS 7-27-12 ‘It’s difficult to comprehend the tape
sometimes, especially when you try to square it with the overall news. The
bottom line is bulls have placed their bets that the eurozone will be fixed and
weaker U.S. GDP both will be met by a heavy dose of QE. Everything else doesn’t
matter. Bulls don’t believe the Germans, despite Bundesbank’s
comments to the contrary; will block bond buying by Draghi and the ECB. The
key phrase in the linked WSJ article was, “If there is no ECB bond buying next
week stocks will collapse”. { AP: What I really can’t fathom is how, why people
are so eager to support the churn-and-earn paper fraud on wall street (their
computers are literally selling to themselves along with the other programmed
algo insanity – helping/facilitating these costly wall street frauds which have
not helped but in many ways hurt the real economy – their gain is everyone
else’s pain as that money in their pockets must come from some real place;
viz., your pockets – there’s no free lunch). Their buying time with b***s***
also facilitates the transfer of their ‘worthless paper hot potatoes’ to ie.,
taxpayers, governments, etc.. Totally pathetic! We’re way past the ‘fool me
twice, shame on me’ stage! They really
have to be prosecuted and put in jail where they belong. They’re just not that
important and they are a substantial detriment to the real economy and society
generally. They have no fear of prosecution and have continued their paper
frauds where they left off last crisis, and seek once again to cash out for
hard currency, metals with the greater fools holding their worthless paper bag.
I used to follow the markets when value/valuation meant something. Now I track
them only to discern the ever greater frauds and the ‘political connectivity’
to same. }
Dave Bohon |
Supporters of homosexual marriage, however, have been unable to leave the issue
and “agree to disagree.” { I believe the concerted wrongful conduct of
the respective cities et als vis-à-vis Chick-Fil-A may well be actionable as a
business tort and as well, a violation of constitutionally protected rights
of free speech, having a chilling
effect thereon, by way of incorporation thereof under the fourteenth amendment
of the u.s. constitution, as well as pursuant to the respective state
constitutions applicable to the offending cities. }
http://albertpeia.com/attackonchickfilaattacksfreespeech.htm
http://albertpeia.com/17reasonsrecessionnow.htm
http://albertpeia.com/19wayscontrolfreakskillinguswithregs.htm
7-27-12
POLL: ROMNEY
PULLS TO 5 POINT LEAD...
Same 5-point
lead that Obama had at this point in '08...
SLUMDOG
OLYMPICS...
Dancing
nurses, bouncing sick children, huge hospital beds...
Opening
Ceremony reflects 'deeply left-leaning sensibilities' of producer Boyle...
REPORT:
Obama's 'You didn't build that' gaffe won't bring back teleprompter...
Gorilla in
zoo hangs himself...
CAMPAIGN
RATTLED...
Barack Obama
Sr: 'Nothing Stopping Gov't From Taxing 100% Of Income'...
POLL: Less
than half of voters think president is Christian...
ROMNEY
MOVES INTO LEAD AT GALLUP,
RASMUSSEN...
USATODAYGALLUP
POLL: Romney preferred over Obama to handle economy...
It's
Official: 5 Straight Years of $1 Trillion Deficits!
OBAMA
CAMPAIGN RUNS DEFICIT IN JUNE...
Spent $2.6
million -- on polling?
Paid $93k
for Half-Empty Stadium Kick-Off Event...
Dave’s Daily: http://www.etfdigest.com ‘DRAGHI JAWBONES SHORT SQUEEZE
7-26-12
“Words, words, words, I'm so sick of words
I get words all day through
First from him, now from you
Is that all you blighters can do
Sing me no song, read me no rhyme
Don't waste my time, show me
Don't talk of June, don't talk of fall
Don't talk at all, show me
Never do I ever want to hear another word
There isn't one I haven't heard”
- Alan Lerner: My Fair
Lady { Yes, indeed! Dave knows his
shows! This one’s all b***s***! }
, Facebook revenue growth skids, shares plunge , Draghi
Just Pulled Out His Bazooka… How Long Before the Crash? http://albertpeia.com/draghinbsandcrash.htm , The
Audit The Fed Bill Gets Passed By The House But Obama And The Democrats Are
Going To Kill It http://albertpeia.com/obamademskillauditfed.htm
Barofsky
On Geithner: "We Should See People In Handcuffs" There is no point in recapping the ongoing
vendetta between former SIGTARP Neil Barofsky and former head of the NY Fed,
and current Treasury secretary and resident TurboTax expert Tim Geithner. One
need but follow the former
on Twitter for a quick and concise sampling of the sentiments harbored vis-a-vis
the latter. However, in the following interview Barfosky does touch on some
points which in the context of the recent Liborgate, should be brought front
and center, especially since the increasingly apathetic US audience seems to
not care about one bit (as opposed to their distant cousins across the Atlantic
for whom Lieborgate has become a daily distraction). Namely, what Barofsky says
is that Geithner and other regulators who allowed Lieborgate to proceed should
not only lose their job but we should "see [Geithner] in
handcuffs." Sadly that will never happen as it would
actually be a deterrent to future crime among the highest echelons of
America: something which is just not allowed to happen in a system whose very
survival is increasingly reliant on rampant criminality. { Unfortunately, this
is true and documented early on from my direct experience: 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 }
Biderman
Batters 'Believe-Me'-Draghi
ZeroHedge.com Tyler Durden Somewhat stunned by the market's exuberant
reaction to Mario Draghi's 'Believe Me' speech this morning, Charles Biderman,
CEO of TrimTabs, sees the slow-motion train-wreck that is the European crisis
speeding up and rapidly running out of track. Charles sees the European crisis as "not a
solvable problem the way the world works today." Neither
Draghi nor any of the bankers even bothers to talk about the real problem of not enough
regional income and too much government spending. Draghi's
only solution is some form of money printing. "Printing money to pay bills
maybe will work over the short term. But long term, it cannot"; if
money printing works in the real world why not print and give every one a
billion Dollars, Euros or Yen? While governments will do anything to
maintain the status quo (and avoid the tough times ahead), Charles succinctly
reminds that, "the road to hell is paved with good intentions
http://albertpeia.com/attackonchickfilaattacksfreespeech.htm
http://albertpeia.com/draghinbsandcrash.htm
http://endoftheamericandream.com
http://albertpeia.com/attackonchickfilaattacksfreespeech.htm
{ My own feeling on the subject is
live and let live, but that the state has no place in getting ‘behind’ this
contraindicated behavior. Look at the subject cities rallying in the name of
‘cornholin’ (For the gay vote? How totally pathetic!). Without exception, they
are literally domestic war zones, in decay, decline, and heading as the nation
toward fiscal ruin, defacto/outright bankruptcy. They really should be
concentrating on things that really matter before foolishly attacking freedom
of speech. Previously: 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 }
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/obamademskillauditfed.htm
7-26-12 REPORT: MF GLOBAL was client
of AG Holder's law firm...
Justice Dept employees
accused of nepotism, ethical lapses...
ZUCKED: FACEBOOK Ad Growth
Slows; Shares Skid to Fresh Low...
PLUNGE ANOTHER 11% IN AFTER HOURS...
Barack Obama Sr: 'Nothing
Stopping Gov't From Taxing 100% Of Income'...
POLL: Less than half of
voters think president is Christian...
100
Million Poor People In America And 39 Other Facts About Poverty That Will Blow
Your Mind http://albertpeia.com/100millionpovertystrickenamericans.htm , Down
Goes Britain: The UK Economy Tumbles Deep Into Recession http://albertpeia.com/downgoesbritain.htm , Europe
Can and Will Cause a Systemic Collapse… Are You Ready? http://albertpeia.com/europecanandwillcausesystemiccollapse.htm , Dave’s Daily: http://www.etfdigest.com SANDY FALLS ON GOLD PLATED SWORD 7-25-12 { Sandy who? Aw geeh … I
thought Dave was talking about that other sandy (sandusky of jo pa’s p.s. fame, they worshipped together)
who cornholed quite a few himself! }
‘Now that the architect behind the repeal of Glass-Steagall has made off
with his hundreds of millions he comes clean and says the entire episode was a
mistake { Riiiiight! In the immortal words of Maxwell Smart, ‘’missed it by
that much’ }. The banks should be broken-up he states in his CNBC interview. http://albertpeia.com/ukrecessiondeepens.jpg { http://albertpeia.com/americasnumberonespook.htm }
Guest
Post: You Didn’t Build That { http://albertpeia.com/americasnumberonespook.htm }
Kyle
Bass Vindication Imminent? Largest Japanese Pension Fund Begins To Sell JGBs ‘…the Ponzi has reached it's Tipping Point.
Japan’s population is aging, and baby boomers born in the wake of World War II
are beginning to reach 65 and eligible for pensions. That’s putting GPIF under
pressure to sell JGBs so it can cover the increase in payouts. The fund
needs to raise about 8.87 trillion yen this fiscal year…’ , Guest
Post: Major Sell Signal Triggered
,
Anglo
Irish Bank’s ex-CEO arrested for fraud
ECONOMISTS:
‘Europe Is Sleepwalking Toward A Disaster Of Incalculable Proportions’ Reuters
CBO
to employers: Obamacare has $4B more in taxes than expected Washington Examiner
Biderman:
“The Most Damage Is Caused By Those Who Are Not As Smart As They Think They
Are” Zero Hedge
Fed
“Independence” Is a Scam … And No Reason to Prevent a Full Audit Washington’s Blog
http://albertpeia.com/europecanandwillcausesystemiccollapse.htm
http://albertpeia.com/100millionpovertystrickenamericans.htm
http://albertpeia.com/downgoesbritain.htm
Drudgereport:
7-25-12 ROMNEY MOVES INTO LEAD AT GALLUP, RASMUSSEN...
WARNS 'WE'RE GOING TO END UP
LIKE EUROPE'...
Greece to run out of money by
August 20...
Cash-Strapped French Socialists Face Austerity...
UK in longest double-dip
recession in 50 years...
Obama campaign stepping up
damage-control over 'you didn't build that' remark...
CITI Creator Says Banks
Should Be Broken Up...
Feds: Drought to Drive Up
Food Prices...
Up 3.7% last year...
DEMS REGISTER THE DEAD?
Drug money funds voter fraud
in Kentucky...
REPORT: State systems for
overseas voters vulnerable to hacking...
Mayhem in Anaheim as
protesters clash with police...
Mobs smash windows, set
fires...
Escalation...
UPDATE: FBI moves in...
Angry crowd confronts police
after shooting in Dallas...
Ron Paul bill to audit The
Fed overwhelmingly approved by House...
...seen dying in Senate
USATODAYGALLUP POLL: Romney
preferred over Obama to handle economy...
It's Official: 5 Straight
Years of $1 Trillion Deficits!
OBAMA CAMPAIGN RUNS DEFICIT
IN JUNE...
Spent $2.6 million -- on
polling?
Paid $93k for Half-Empty
Stadium Kick-Off Event...
US poverty on track to rise
to highest since 1960s...
CHICAGOLAND COPS: Teens kill
man in 'knock 'em down' game...
Dave’s Daily: http://www.etfdigest.com ‘MARKETS REMAIN UNDER PRESSURE 7-24-12
Markets took a pounding again Tuesday and are probably getting oversold
{not if reality has anything to do with pricing-AP}. , What
In The World Is Wrong With American Kids?
http://albertpeia.com/nothingthatsaneradultscantcure.htm ,
Biderman
Goes All-In Bearish
ZeroHedge.com Tyler Durden ‘…Shifting to 100%
bearish … he sees at least a 20% drop from April highs followed by
potentially worse as the realization of the fiscal cliff begins. The
glass-half-full-of-truth Biderman notes four specific reasons for his bearish
call: from wage and salary growth slowing to barely positive YoY, to the Fed's
inability to create any multiplier effect to boost the economy; and from the
slowing global economy where "low tides will uncover all the
hidden garbage created by booms" to the basic supply/demand of
stock and money based on his 'Demand' index dropping to six-month lows. His
bearish view is not even predicated on Europe's conflagration accelerating
which would simply add more fuel to the growing fire.’ , David
Stockman: "The Capital Markets Are Simply A Branch Casino Of The Central
Bank" "This
market isn't real. , The
Li(e)bor Rigging Scandal Infographic For Dummies http://albertpeia.com/libor.jpg
Tony
Blair: Don’t Hang Bankers George Washington– { Oui; mais, au contraire … a
la quillotine avec ils! } Why Is Everyone
Suddenly Talking about Hanging Bankers?
Reinventing
Crony Capitalism ilene
- The three "de's:" deregulation,
desupervision, and de facto decriminalization.
The
disaster of young people in Spain thetrader
- Lost generation of Spain.
Major
misses everywhere, and this for the second quarter in a row - from the Q3 earnings
report:
Submitted by Tyler
Durden on 07/24/2012 …Shifting to 100% bearish … he sees
at least a 20% drop from April highs followed by potentially worse as the
realization of the fiscal cliff begins. The glass-half-full-of-truth
Biderman notes four specific reasons for his bearish call: from wage and salary
growth slowing to barely positive YoY, to the Fed's inability to create any
multiplier effect to boost the economy; and from the slowing global economy
where "low tides will uncover all the hidden garbage created by
booms" to the basic supply/demand of stock and money based on his
'Demand' index dropping to six-month lows. His bearish view is not even
predicated on Europe's conflagration accelerating which would simply add more
fuel to the growing fire.
Submitted by Tyler Durden on
07/24/2012
"This market isn't real. The
two percent on the ten-year, the ninety basis points on the five-year, thirty
basis points on a one-year – those are medicated, pegged rates created by the
Fed and which fast-money traders trade against as long as they are confident
the Fed can keep the whole market rigged. Nobody in their right mind wants to
own the ten-year bond at a two percent interest rate. But they're doing it
because they can borrow overnight money for free, ten basis points, put it on
repo, collect 190 basis points a spread, and laugh all the way to the bank. And
they will keep laughing all the way to the bank on Wall Street until they lose
confidence in the Fed's ability to keep the yield curve pegged where it is
today. If the bond ever starts falling in price, they unwind the carry trade. Then
you get a message, "Do not pass go." Sell your bonds, unwind
your overnight debt, your repo positions. And the system then begins to
contract... The Fed has destroyed the money market. It has destroyed
the capital markets. They have something that you can see on the
screen called an "interest rate." That isn't a market price of money
or a market price of five-year debt capital. That is an administered price that
the Fed has set and that every trader watches by the minute to make sure that
he's still in a positive spread. And you can't have capitalism if the
capital markets are dead, if the capital markets are simply a branch office –
branch casino – of the central bank. That's essentially what we have
today."
Submitted by Tyler Durden on 07/24/2012 http://albertpeia.com/libor.jpg
http://endoftheamericandream.com
http://albertpeia.com/nothingthatsaneradultscantcure.htm
{ Riiiiight! It’s them dern
kids who comb their hair in that funny way! Dem dern kids who’ve bankrupted the
nation and their generation particularly without even asking themselves! Dern
kids who’ve watched these ubiquitous wall street frauds churn and earn by way
of computerized algo frauds day in, day out among the largest frauds by the
largest institutions still unprosecuted but ‘donating’ heavily to the corrupt,
incompetent politicos which makes their nation-debilitating crimes seem
‘alright’! Dern kids who’ve kept those real wars rolling for the sake of the
military industrial complex as warned against by the great but underrated
President General Eisenhower. Dern kids who clamour to be abused by sick,
pedophilic adults. Well, one could at best for the sake of this article’s
strained credibility/premise say, ‘it’s all in their genes’; which of course
leads us ineluctably back to the quintessential question, ‘what’s wrong with
american kids?’ and the unequivocal answer, ‘look in the mirror politically
correct american adults’! The following article is included as a matter of
first amendment principle. As for me, it’s not the kids who are america’s/this
world’s problem! }
Drudgereport: 7-24-12 'JOKER'
ON $26K FEDERAL GRANT { There you go…a future government slug cut
down in his prime…probably would have worked bio-chemical weapons… }
USATODAYGALLUP
POLL: Romney preferred over Obama to handle economy...
DICK MORRIS:
'NASTY' OBAMA IN FAVORABILITY DIVE...
Campaigns
ease back into fighting mode...
Obama
Reminds Supporters: 'I’m Term-Limited After This'...
FOR SALE:
Obama films campaign commercial inside West Wing...
ABCNEWS
taking steps to stop reporting inaccuracies... { Sounds like a plan!
}
PAIN IN
SPAIN BRINGS MORE DRAIN...
MOODY'S Cuts Outlook on Germany, Two
Others...
Cash-strapped
Argentine town pays employees by raffle...
10 Italian
cities at risk of bankruptcy...
USATODAYGALLUP
POLL: Romney preferred over Obama to handle economy...
It's Official:
5 Straight Years of $1 Trillion Deficits!
OBAMA
CAMPAIGN RUNS DEFICIT IN JUNE...
Spent $2.6
million -- on polling?
Paid $93k
for Half-Empty Stadium Kick-Off Event...
US poverty
on track to rise to highest since 1960s...
CHICAGOLAND
COPS: Teens kill man in 'knock 'em down' game...
David
Rosenberg On A Modern Day Depression Vs Dow…0 This is looking more and more like a modern-day depression. After
all, last month alone, 85,000 Americans signed on for Social Security
disability cheques, which exceeded the 80,000 net new jobs that were created:
and a record 46 million Americans or 14.8% of the population (also a record)
are in the Food Stamp program (participation averaged 7.9% from 1970 to 2000,
by way of contrast) — enrollment has risen an average of over 400,000 per month
over the past four years. A record share of 41% pay zero national incomes tax
as well (58 million), a share that has doubled over the past two decades.
Increasingly, the U.S. is following in the footsteps of Europe of becoming a
nation of dependants. Meanwhile, policy stimulus, whether traditional or
non-conventional, are still falling well short of generating self-sustaining
economic growth. , Dave’s Daily: http://www.etfdigest.com http://albertpeia.com/stockmarketreplay.htm ‘2010-2011 STOCK MARKET REPLAY 7-23-12
, James
Holmes Is Not Alone - 20 More Examples Of The Sickos That Are Overrunning
America http://albertpeia.com/americansickos.htm , 12
Signs That Spain Is Shifting Gears From Recession To Depression http://albertpeia.com/12signsspainrecessiontodepression.htm , The
New York Times Admits That Virtually Every Major News Organization Allows The News
To Be Censored By Government Officials
http://albertpeia.com/nytimessaysallusnewscensoredbygovt.htm , 55
Percent Of Americans Believe That The Government Will Take Care Of Them If
Disaster Strikes http://albertpeia.com/55percentamericansbelievegovernmentwilltakecareofthemindisaster.htm { Of course, this is absolutely foolish
based upon reality and what we’ve actually witnessed. I’ve found through direct
experience you can’t even depend on the government to do what they’re legally
required to do as defined by law, so corrupt and incompetent the u.s.
government has become: see, http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm }
Lieborgate: Here
Come The Arrests
Zero Hedge | For over
four years, virtually everyone in the finance industry knew that Libor was
manipulated.
http://albertpeia.com/lieborgatearrests.htm
July 23, 2012 By gpc1981 http://albertpeia.com/europesystemiccollapse.htm
‘…We are Phoenix Capital
Research.With that in mind, it’s clear now that the world is entering a period
of wealth destruction. Europe is in the midst of a sovereign debt crisis.
History tells us that this will entail more than one sovereign nation going
belly-up. Indeed, I believe that we’ll see ALL of the PIIGS as well as France
stage sovereign defaults in the coming months.
After that will come Japan, then
finally the US. By the time the smoke clears, we will have seen systemic
collapse.
This will mean:
1) Many major banks
disappearing, as well as numerous potentially lengthy bank holidays (think
Argentina in 2001)
2) Multiple sovereign
defaults as well as broad economic contractions and their commensurate
unemployment/ civil unrest/ erasure of retirement accounts/ pensions (this
process has already begun in some US municipals, e.g. San Bernandino and
Stockton California as well as Harrisburg Pennsylvania).
3) Possibly new currencies
being introduced or new denominations of currencies (say one new unit being
worth 1,000 of the old one)
4) Massive wealth
destruction to the tune of tens of trillions of Dollars (think MF Global i.e.
the money is gone… only systemically… in fact we just
had another such instance with PF)
5) A global contraction
that will result in new political/ power structures being implemented as well
as the breakup of various countries/ unions.
6) Very serious trade wars
to begin (see Obama’s recent attack on China) and very possibly a real war.
If the above make you frightened,
you’re not alone. As I’ve dug deeper and deeper into the inner workings of the
global financial system over the past months, the information I’ve come across
has only gotten worse. I’ve been holding off writing all of this because up
until roughly April/May it seemed possible that the world might
veer towards another outcome.
I no longer view this to be the case. I
am almost certain that what I’ve written above will come to pass. I know that
much of what I’ve written to you in the past could be labeled as “gloom and
doom.” However, I want you to know that I do not use the words “systemic
collapse” lightly. Indeed, I wish I wasn’t mentioning
them now, but I’d be doing you a disservice not to bring them up because we’re
well on our way towards it…’
July 23,
2012 By gpc1981 http://albertpeia.com/europesystemiccollapse.htm
http://albertpeia.com/americansickos.htm
http://albertpeia.com/12signsspainrecessiontodepression.htm
http://albertpeia.com/nytimessaysallusnewscensoredbygovt.htm
USATODAYGALLUP
POLL: Romney preferred over Obama to handle economy...
It's
Official: 5 Straight Years of $1 Trillion Deficits!
OBAMA
CAMPAIGN RUNS DEFICIT IN JUNE...
Spent $2.6
million -- on polling?
Paid $93k
for Half-Empty Stadium Kick-Off Event...
US poverty
on track to rise to highest since 1960s...
CHICAGOLAND
COPS: Teens kill man in 'knock 'em down' game...
Workers on
Disability Set Another Record in July...
Greek PM:
Country is in 'Great Depression'..
'Eyes
rolling, head swaying'...
'Listless'…[
Zombie ]...
Mother
disputes ABCNEWS report...
Network
stands by it...
Largest mass
shooting in U.S. history...
San Fran
Considers Strict Outdoor Smoking Ban -- Except For Marijuana...
Spanish
Stocks Plunge Most In 12 Months As Egan-Jones Cuts Spain To CCC+ , US
Banks Battered On Spain's Bailout Approval
, EURUSD Free-Falling , Seven
Sigma Rally In LQD: Be Careful Where You Reach For Yield
7-20-12
'JOKER' KILLS 12
SMIRK OF THE BATMAN PSYCHO...
WHY DID HE DO
IT?
Ph.D. student in
neuroscience...
'Really smart'...
Struggled to find work...
Collecting unemployment...
'No one knew him; No one'...
Left loud music playing in
his apartment...
Had 'swagger'...
TMZ: Cops Investigating Sex
Site Profile...
Told Cops He 'Was the
Joker'...
Photos: Gas mask and assault
rifle left at cinema...
LIVE UPDATES...
Director Nolan condemns as
'savage' and 'appalling'...
Largest mass shooting in U.S.
history...
San Fran Considers Strict
Outdoor Smoking Ban -- Except For Medical Marijuana...
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
}
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! }
http://albertpeia.com/12signsusrecessionhasbegun.htm
http://albertpeia.com/20signspointtoeconomiccrisiscollapse.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
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
}
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 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
] ‘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? One way the CIA keeps their drug trafficking hidden
from public view …’.
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 jackson, jr., suffers from psychological disorder(s).
Indeed, at the least, from psychogenic/dissociative amnesia that makes the aforementioned
facts beyond the grasp of his ‘current unreality’. I also believe that his
heavy near everyday powerful pot (choom) use took its toll on his cognitive
functions that have facilitated his outlandish claims and outright
fabrications; exactly what the nation cannot afford in these critical/perilous
times! }
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-à-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-à-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 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."
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 United States and Europe. It has been a lot of fun
spending all of this borrowed money, but now we get to pay the price.
....
#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 Spain, the nation's central bank, released data Monday
showing that "doubtful" loans -- those that are more than 3 months
overdue -- rose to €152.7 billion in April, equal to 8.7% of all the loans held
by the nation's banks.
#5
Unemployment in Spain is sitting at a record high of over 24 percent with no hope in
sight.
#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 France. That means that France and Germany are
now headed in completely different directions..
#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 Germany will not budge at all on the
terms of the Greek bailout.
#10 Analysts
at Citigroup Global Markets are projecting that the odds of Greece leaving the
euro over the next 12 to 18 months are still between 50 and 75 percent.
#11 Money is
being transferred from banks in southern Europe to banks in northern Europe at an astounding pace....
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 Britain based on a deeply-rooted
rage about the way Onyango was treated.
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 Regina, a symbol of the authentic black American experience that Obama
yearns for.
Maraniss found, however, that Regina was based on
Caroline Boss, a white student leader at Occidental College. Regina was the
name of Boss’s Swiss grandmother.
The book also notes that Obama removed two white
roommates in Los Angeles and New York from his story..
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 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.
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 ]
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 STRIKES IN MARYLAND...
{ Yes, another black cannibal; with ties to wobama’s home country of Kenya,
Sub-Saharan Africa. }
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 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 blacks, including blackbama back to sub-saharan africa! ]
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. Spain has been denying the need for a bailout for months
now. Indeed, a mere two weeks ago, Prime Minister Mariano Rajoy stated that
Spain would not need outside assistance. In fact, when France’s President
Francois Hollande implied that Spanish banks might need outside funds at an EU
summit last month, Rajoy retorted, “Hollande does not know the state of Spanish
banks,” What’s peculiar about this statement
was that it was made when the Bankia nationalization was already underway. ..
Thus, I would change the common phrase applied to the
EU’s political/ financial policies from “extend and pretend” to “lie until you
are about to die.”
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 US continue to
stagnate with a $100bn per month deficit as he is incredulous at the belief
that we can go on printing $1.3 trillion to produce $250 billion in spending
each year. The US economy will double-dip when the Fed's attempt
at rigging the stock market and economy is no longer perceived as viable and as
the paisley-wearing pontificater expects both inflation (inevitable with CB
printing) and deflation (big banks, European and EM equities thanks to the
interventionist policies of the global central banks), he suggests gold as a
core holding.
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 ]
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
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 Chicago Fed on Bloomberg TV. What a
remarkable statement? (Actually, he says this kind of stuff all the time.)
Using his logic you could take anyone off the street and get something accommodative
Evans would sign off on. But essentially this is what bulls are hanging their
hat on Tuesday…Investigate, and try as I might, there isn’t much reason to
rally beyond the powers of the Fed’s printing press and some oversold
conditions. As mentioned previously, let’s not forget quad-witching Friday and
portfolio manager bonuses due at quarter end. Sure it’s cynical but it’s a
fact. The roller coaster ride of uncertainty continues causing investors to
sell and shorts to be squeezed. It’s a manipulated algo driven affair. So it’s
no wonder many investors have fled markets seeking safety in bonds or mattress
money generally…’ ( from Dave’s Daily: http://albertpeia.com/dave.htm
) ,
Biderman
On Central Banks: "In The End, They Will Get What They Deserve" ZeroHedge.com Submitted by Tyler Durden on
06/12/2012 ‘"We live in interesting times" is the understated
introduction to one of Charles Biderman (of TrimTabs) more concerning and
stunned rants. With the value of all stocks still around double the 2009 lows
yet today's incomes are barely growing, and realistically - with all the
headwinds we face - there is no hope for rapid growth in wages & salaries
anytime soon, the avuncular analyst feels the need to warn all that "stock
prices are due to plunge". Following a little stock market history,
Charles notes that while wages and salaries
in the US have quadrupled over the past 30 years, the value of all US stocks
has risen 18 times. In 1982,
stocks relative to wages & salaries were 0.6-to-1 and now the ratio is
north of 2.6-to-1. .. Central banks are
tying to solve all the world's problems via the printing press
and .. the central banks may be the largest market participant but they are not
the only one and in the end "they will get what they deserve"
as stocks drop to 2009 lows.’ , Markets
Dead Dog Bounce Back To Friday's Close
, Just in! Beat the devil(s)! No, not that Humphrey Bogart
film from years ago of that same title; but rather, beat the devils as in
jersey devils, as in LA Kings just beat the devils of that sordid, corrupt,
mob-overrun, disgusting state of new jersey. I hope I don’t sound like a
‘fair-weather fan’, but I’m now an LA Kings fan for life! Congratulations to
the Champion LA Kings! { I really
hate new jersey! http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
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 U.S. family net worth had fallen to
levels (40% lower) than those in the early 1990s. This is the kind of news that
will bite hard on consumer sentiment and they’re living it. Volume on Monday
was about average for the period while breadth per the WSJ was quite
negative...
, Guest
Post: It Only Took A Global Depression To Reduce Gas Prices By 40 Cents , Rajoy To
de Guindos: "Spain Is Not Uganda" , Graham
Summers’ Weekly Market Forecast (Do We Still Have Faith? Edition) http://albertpeia.com/reinforcementoffailure.htm 1)
Where is the money coming from? (most EU Governments are broke) 2)
What precedent is this setting? (Ireland is already clamoring for a rewrite to
its bailout rules) 3) How
desperate are things that they’re making such a large move so quickly?
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 US study of
computer-generated trading recently concluded: “Financial markets are
alive, but a model, however beautiful, is an artifice. ...To confuse the model
with the world is to embrace future disaster driven by the belief that humans
obey mathematical rules.” , Things
That Make You Go Hmmm - Such As Pavlovian Markets , Steve
Keen: Why 2012 Is Shaping Up To Be A Particularly Ugly Year , Monti
Goes M.A.D.; Sees "Permanent Risk Of Contagion In Euro-Zone" , Jim Rogers Would’ve Told Spain To Take A Hike , Gold
Pops, Stocks Drop, And Oil Plops
, Charting
The Simple Reason Why Every 'Bailout' In Europe Will Be Faded The bailout bullishness half-life is
shrinking - dramatically - as it appears traders have become more aware of
reality (and unreality)…’ , European
Collapse Hedge Return: +25% In One Day; 48,586,180,011% Annualized , Eurosis
For Dummies - A Timely Reminder
, Spain
and The Runaway Euro Bailout Train Posted by : EconMatters Post date: 06/11/2012 - 08:58 Spain
marks the fourth bailout during this Euro Zone debt crisis saga, after Ireland,
Portugal and Greece, and may need more aid, while Italy is looking good to
be the fifth bailout candidate...
, Cue
Hyperinflation In 5... 4... 3...
, Europe
Scrambling To Avoid Subordination Threat
, Is Cyprus Next
On The Bailout Train? , Europe
Brings Out The "Capital Controls" Bazooka
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 Europe
wanted a continental bank run, it may have just gotten one. This is getting
scary very fast.
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! }
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
6-8-12 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 United States? { Between
fundraisers and vacations, did he expect the nation to miraculously mend
itself? Did he forget all his campaign promises? (Short answer: yes – longer
answer: that was just part of his con / grift). The audacity in light of the
foregoing for him in this election year to blame everyone else for his
b***s***/unequivocally failed tenure as president. Note the last minute
election-year desperation of wobama finger-pointing, etc.. Then there’s
moochell obama… ‘Expensive massages, top shelf vodka and five-star
hotels: First Lady accused of spending $10m in public money on her
vacations’ By Daily
Mail Reporter Read more: http://www.dailymail.co.uk/news/article-2029615/Michelle-Obama-accused-spending-10m-public-money-vacations.html#ixzz1xGRC32Vk ( What grifters/cons the wobamas are! They
should be ridden out on a rail! ) } http://albertpeia.com/heavilyvacationedatgreatcosttonation.htm , Biderman:
"We Are In The First Quarter Of The Next Recession"
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 Kent to Charles Biderman's Superman as the two dig into the latest GDP
data. Critically, they break down the components and using inflation levels
(CPI-U or The BPP) that make some sense Davis and Biderman are
"really worried" that the real economy appears to be in a
contractionary state if inflation is adjusted for correctly. Even the
anemic BEA's 1.88% growth rate is 'very very poor' for an economy that is
supposed to be 3 years into a recovery. The per-capita income (the
money available to all households to spend) actually shrank - even
using the BEA's inflation data. This juxtaposes shrinking household disposable
income with a real economy supposedly growing (though slowly) which was driven
almost exclusively by consumer spending - leaving Davis and Biderman
questioning 'where this money is coming from?'. The simple answer is
the savings rate has plunged, freeing up over $200bn in annual
spending (and student loans have added another $100bn, refis $50bn, and
strategic defaults $80bn) - all unsustainable one-time increases. Spending
is not coming from income. Davis concludes that the BEA is notoriously
bad at calling turning points (only getting the Great Recession 'direction'
correct after 16 months and magnitude after 40 months) - leaving him of the
opinion that we may well be in the first quarter of the next recession.
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 U.S. economy is going to be
"just fine", just show them the list below.
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 United
States is a whopping 22 percent.
23 -
According to U.S. Representative Betty Sutton, an average of 23 manufacturing
facilities permanently shut down in the United States every single
day during 2010.
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 - U.S.
housing prices are now down a total of 35 percent from the peak of the housing
bubble.
40 - The
official U.S. unemployment rate has been above 8 percent for 40 months in a row.
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 U.S. college graduates under the age
of 25 were either unemployed or underemployed.
60 -
According to a recent Gallup poll, only 60 percent of all Americans
say that they have enough money to live comfortably.
61 - At this
point the Federal Reserve is essentially monetizing
much of the U.S. national debt. For example, the Federal Reserve bought
up approximately 61 percent of all government debt issued
by the U.S. Treasury Department during 2011.
63 - One
recent survey found that 63 percent of all Americans believe that
the U.S. economic model is broken.
71 - Today,
71 percent of all small business
owners believe that the U.S. economy is still in a recession.
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
United States today, the wealthiest one percent of all Americans have a greater
net worth than the bottom 90
percent combined.
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 Detroit, Michigan you can buy a three bedroom home for just $500.
627 - In 2010,
China produced 627 million metric tons of steel.
The United States only produced 80 million metric tons of steel.
877 - 20,000
workers recently applied for just 877 jobs at a Hyundai plant in Montgomery,
Alabama.
900 - Auto
parts exports from China to the United States have increased by more than 900 percent
since the year 2000.
$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 America has risen by a whopping 1700% since 1971.
2016 - It is
being projected that the Chinese economy will be larger than the U.S. economy by the year 2016.
$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 Detroit is now just $6000.
$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 China was more than 49,000 times larger than it was
back in 1985.
50,000 - The
United States has lost an average of approximately 50,000 manufacturing jobs
a month since China joined the World Trade Organization in 2001.
56,000 - The
United States has lost more than 56,000 manufacturing
facilities since 2001.
$85,000 -
According to the New York Times, a Jeep Grand
Cherokee that costs $27,490 in the United States costs about $85,000 in China
thanks to all the tariffs.
$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 United States.
$361,330 - This is
what the average banker in New York City made
in 2010.
440,00 - If the
federal government began right at this moment to repay the U.S. national debt
at a rate of one dollar per second, it would take over 440,000 years to totally
pay it off.
500,000 -
According to the Economic Policy Institute, America is losing half a million jobs to China
every single year.
2,000,000 - Family farms are being systematically wiped out of
existence in the United States. According to the U.S. Department of
Agriculture, the number of farms in the United States has fallen from about 6.8
million in 1935 to only about 2 million today.
$2,000,000 - At this
point, the U.S. national debt is rising by more than 2 million
dollars every single minute.
2,600,000 - In 2010,
2.6 million more Americans fell into poverty. That
was the largest increase that we have seen
since the U.S. government began keeping statistics on this back in 1959.
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 U.S. government was spending to create a version of Sesame
Street for children in Pakistan.
25,000,000 - Today,
approximately 25 million American adults are living
with their parents.
40,000,000 -
According to Professor Alan Blinder of Princeton University, 40
million more U.S. jobs could be sent offshore over the next two decades if
current trends continue.
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 U.S.
Congress are stealing from future generations of Americans every single hour.
$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
U.S., medical costs related to obesity are estimated to be approximately 147 billion dollars a year.
295,500,000,000 - Our
trade deficit with China in 2011 was $295.5 billion. That was the
largest trade deficit that one country has had with another country in the
history of the planet.
$359,100,000,000 - During
the first quarter of 2012, U.S. public debt rose by 359.1 billion dollars.
U.S. GDP only rose by 142.4 billion dollars.
$454,000,000,000 - During
fiscal 2011, the U.S. government spent over 454 billion dollars
just on interest on the national debt.
$1,000,000,000,000 - The
total amount of student loan debt in the United States recently surpassed the one trillion dollar
mark.
$1,170,000,000,000 - China
now holds approximately 1.17 trillion dollars of U.S.
government debt. Yet the U.S. government continues to send them millions
of dollars in foreign aid every year.
$1,600,000,000,000 - The
amount that has been added to the U.S. national debt since the Republicans took
control of the U.S. House of Representatives. This is more than the
first 97 Congresses added to the national debt combined.
$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 U.S. budget deficit in 2011 would have been if the federal
government had used generally accepted accounting principles.
$11,440,000,000,000 - The
total amount of consumer debt in the United States.
$15,734,596,578,458.59 - The U.S.
national debt as of June 7, 2012.
$200,000,000,000,000 - Today, the 9 largest banks in the United
States have a total of more than 200 trillion dollars of
exposure to derivatives. When the derivatives market completely collapses there won't be enough
money in the entire world to fix it.’
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...
U.S. CANNIBAL
UPDATES: http://albertpeia.com/fineblackuscannibals.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...
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: 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 Kew - EEE)
in the following...
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 US labor force slipped back into a full-blown depression.
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! }
U.S. CANNIBAL UPDATES:
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?
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...
{ U.S. Cannibal Update }: Maryland cannibal ranted on
FACEBOOK...
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 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 ...
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 - Greece and Europe in this case - there are other things that are far
more important - such as a meaningful slowdown in India and China - going on
that are being ignored". But remaining on the topic of Europe,
Faber consistently opines that the next event risk will be the Greek exit -
even though Faber suspects strongly that Germany will cave to Eurobonds
eventually - as he comments that the longer the delay of a
restructuring/default/exit/euro-bonds takes the higher the probability of a gigantic
systemic failure. This subject brings up (at around 3:30) an
interesting perspective that the European market would be oddly relieved (not
plunging 50%) if Greek exited the Euro as there would be some clarity (though
Faber adds that bank and insurance stocks would likely be crushed). At five
minutes in though, Faber ramps up the rhetoric noting that
while stock indices are not performing terribly, there are many
economically sensitive (and luxury) stocks that are down very significantly
- which suggests to him that the huge asset price run of the last decades in
come to an end prompting the question of the day from CNBC's Cramer-stand-in
"You're not looking for a recession in the US are you?" Faber, in his
calm, thoughtful way responds, "I think we will have a global
recession late this year, early next year", to which a stunned Wapner asks
for odds (surely 30%, 50%?) of this recession - "100% certainty"
comes the reply to leave Wapner throwing in the towel on any positive spin as
Faber suggests the only 'investment' in this case is 'Cash USD'
and investors must own some gold , Guest
Post: The Taxpayer Funded PR Campaign For Obamacare Begins , Niall
Ferguson: "Greece Is The Symptom Not The Cause"
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 China the PMI slumped again to 48.7 vs 49.3 in April. China says
it will be aggressive with stimulus no doubt meaning QE. In the eurozone
manufacturing and services fell to 45.9 vs 46.7 in April. It looks like
recession for some economies.Meanwhile in the U.S., Jobless Claims (370K vs 371
exp & prior 372) were unremarkable. Durable Goods Orders (.2 vs .5 expected
& prior -3.7) missed expectations and were also unremarkable.U.S. markets
are now dominated by HFTs and algos seizing on bullish rumors. Just as
Wednesday’s farce was led by rumors of eurozone deposit insurance (denied) and
a rumored agreement between Hollande and another unnamed leader of more QE
stimulus so Thursday’s declines were mitigated by the very same rumors. All
this triggers program trading from algos…’
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
05/25/2012
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 Europe today, cuts in state
spending in a state-dependent economy can cause deep economic contraction,
providing the Keynesian more confirmation for his idea that the state should
tax more, and spend more. That is, until nature intervenes. Just as a
state-controlled eugenics program might well spawn an inbred elite suffering
hereditary illnesses as a result of a lack of genetic diversity, so a
state-controlled economy may well grind itself into the dirt as it runs out of
innovation as a result of a lack of economic diversity. Such a
situation is unsustainable — no planner is smarter than nature.
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 United States today. So which of those languages
should receive special treatment? How far are we really going to take all
of this? Someday, instead of your telephone telling you to "press 1
for English, 2 for Spanish", it may tell you to "press 323 for
Italian, 324 for Arabic or 325 for English". Yes, that is kind of a
ridiculous example, but we really should examine where all of this is
headed. Is America destined to become a multilingual nation where we all
struggle to understand one another?
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 China the PMI slumped again to 48.7 vs 49.3 in April. China says
it will be aggressive with stimulus no doubt meaning QE. In the eurozone
manufacturing and services fell to 45.9 vs 46.7 in April. It looks like
recession for some economies.Meanwhile in the U.S., Jobless Claims (370K vs 371
exp & prior 372) were unremarkable. Durable Goods Orders (.2 vs .5 expected
& prior -3.7) missed expectations and were also unremarkable.U.S. markets
are now dominated by HFTs and algos seizing on bullish rumors. Just as
Wednesday’s farce was led by rumors of eurozone deposit insurance (denied) and
a rumored agreement between Hollande and another unnamed leader of more QE
stimulus so Thursday’s declines were mitigated by the very same rumors. All
this triggers program trading from algos, and for retail, is just another
turn-off.Gold (GLD) higher early gave back most gains late in the day. Oil
(USO) was slightly higher on more Iranian (them again) news. The dollar (UUP)
was once again higher and normally would see stocks head lower.But, in a rumor
algo driven environment logic quickly becomes a thing of the past since there’s
quick bucks to be made.Which path are we on as described below? Okay, I rest my case.Stocks again reversed
course late in the day as the same rumors of eurozone solutions triggered algo
buying action. Leading sectors were scattered frankly and we’ll view a few
below.Volume was lighter Thursday and you can readily see algo activity in the
5 minute SPY chart below. Breadth per the WSJ was mixed…’
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 China the PMI slumped again to 48.7 vs 49.3 in April. China says
it will be aggressive with stimulus no doubt meaning QE. In the eurozone
manufacturing and services fell to 45.9 vs 46.7 in April. It looks like
recession for some economies.Meanwhile in the U.S., Jobless Claims (370K vs 371
exp & prior 372) were unremarkable. Durable Goods Orders (.2 vs .5 expected
& prior -3.7) missed expectations and were also unremarkable.U.S. markets
are now dominated by HFTs and algos seizing on bullish rumors. Just as
Wednesday’s farce was led by rumors of eurozone deposit insurance (denied) and
a rumored agreement between Hollande and another unnamed leader of more QE
stimulus so Thursday’s declines were mitigated by the very same rumors. All
this triggers program trading from algos…’
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!
{ 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 United States has gotten into so much debt
that there will be no coming back from this. The current system is
irretrievably broken…#32 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, by my arithmetic. 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…}
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 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! ]
Eurobonds:
The Issue That Could Shatter Europe
http://albertpeia.com/eushatteringeubonds.htm
‘...In fact, it is being estimated that Germany could be
facing an extra 50 billion euros a year in
interest expenses. So over ten years that would come to about 500 billion
euros. Needless to say, Germany is not thrilled about this idea…’ {
Understandably so! Rationally speaking, would you be thrilled if in their
place?} , Greece
Could Implode the Second Bailout and the EU by Mid-June http://albertpeia.com/greecesecondbailouteuimplosion.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 , 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:
MASSACHUSETTS SUBPOENAS MORGAN
STANLEY OVER FACEBOOK
MASSACHUSETTS SEEKS MS COMMENTS TO INSTUTIONAL INVESTORS ON FB
MASSACHUSETTS SUBPOENAS MORGAN STANLEY OVER FACEBOOK COMMENTS
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 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! ]
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 Fargo.
The quick version of this terrible story is that
Norman and Oriane Rousseau of Newbury Park, California were scammed into a
predatory mortgage. But they made their payments anyway, always paying with a
cashier’s check in person at the same branch. Then one day the bank misapplied
their payment and said they still owed the money. This started a long, nasty
process that led to the bank evicting the Rousseaus from their home.
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 AMERICA AND HE IS BLIND!
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!}
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 america. The reality is that
there are so many americans that are not in jail who
should be in
jail, it’s difficult to avoid these harsh third world
measures in what
has essentially become a third world nation overrun by
the most sordid, despicable criminals one can imagine.
They must really prosecute the biggest criminals including the oligarchs as,
ie., the huge frauds on wall street, etc., and ‘bury’ the violent repeat
offenders, etc., without exception. The problem with america is not the
terrorist threat from without, but rather the plethora of inherently criminal
americans within. Moreover, the corruption is pervasive and systemic.
Unfortunately, crime pays in america and pays well; and, God help you if you
try to live within the law and get in their way or potentially cost them money
or some of their illegal business because no one else will. There’s criminal
control at all levels of american society. That’s the problem; with the
relatively few non-criminally inclined, criminal by complicity inasmuch as
americans are for the most part gutless cowards who go along to get along along
with a million other excuses, not the least of which is ‘the price was right’.
That’s reality! That said, it’s the ‘for or agin’ me primitive mentality that
pervades the u.s. government, ‘thought police’, arbitrary powers of detainment,
abrogation of first admendment rights, internet intrusion/censorship, arbitrary
enforcement of the law, etc., that is and I find particularly appalling,
counter-productive, and regressive. There is an element of projection, given some of the evil
things the government has done abroad; blowback being not entirely out of the
realm of possibility which ultimately is the sad consequence of the worst of
human nature which is invariably inclined to go too far in the worst way. The
sad fact is that as with any banana republic, the governmental powers that be
go to whatever nefarious lengths necessary (control by whatever means, at some
level) to unreasonably maintain their access to undeserved power, money,
resources, luxuries, etc., invariably
to the detriment of the vast majority as is so here in america today. There are
very few positive things that can be said of america today. I, for one, cannot
think of any at all!
[ ‘america, love it or leave it’? Love it?
Truth be told, I don’t even like america!
See, ie., http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm
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
EFFector
is a publication of the Electronic Frontier Foundation.
454 Shotwell Street
San Francisco, CA
94110-1914
USA +1 415 436 9333
+1 415 436 9993 (fax)
eff.org
Editor:
Rainey Reitman, Activism Team
[email protected]
Membership
& donation queries: [email protected]
General
EFF, legal, policy, or online resources queries: [email protected]
Reproduction of this
publication in electronic media is encouraged. Signed articles
do not necessarily represent the views of EFF. To reproduce signed articles
individually, please contact the authors for their express permission.
Press
releases and EFF announcements & articles may be reproduced individually at
will.
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 Greece an extra year (2015) to reach its budget and
deficit goals. This shows weakness. All this means is the eurozone will remain
a problem for months and years to come. Clearly, if austerity and reform are
off the table then who will pick-up the tab—the Chinese? JP Morgan (JPM)
estimated if Greece were to bug-out of the eurozone and their commitments, it
would cost the remaining bag holders $500 billion. We see the same conditions
in Wisconsin and now California facing a $16 billion budget shortfall. The
fight with public unions and other entitlements is only just beginning as
current and future benefits are too much to bear fiscally without reform.
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 Clinton administration the law was allowed to lapse. At the
core of this demise were a band of brothers (Phil Gramm, Chris Dodd, Alan
Greenspan and Robert Rubin) led by Sanford “call me Sandy” Weill. He was the
straw that stirred the drink and a major WS wheeler-dealer. It allowed his brokerage
firm to merge with Citigroup putting the fox in the henhouse. Others quickly
followed suit. It was great (for them) from the get-go but a financial disaster
ultimately as the walls separating underwriting and trading from federally
insured deposit taking came tumbling down. It created a regulatory mess as a
multitude of agencies now had responsibility to oversee these new mega-bank
combinations. Regulators were inadequate to the task. When the financial crisis
hit in 2008 suddenly trading the public’s money meant the public had to bail
out these new mega-banks. Rather than reinstituting various protections of the
GSA the government just heaped more regulations atop those that weren’t working
anyway. The mega-banks and their congressional allies weren’t about to let the
toothpaste be put back in the tube. Therefore, we still have these JPM trading
fiascos occurring because there aren’t enough smart (emphasis added) regulators to oversee
(herd cats) mega-banks. And, besides if they’re bailed-out once they expect to
be bailed-out again..’
http://albertpeia.com/chinabuyingamerican.htm
http://albertpeia.com/hopelesscluelesscalifornia.htm
Failed
Wobama model illustrated: 16 Reasons To Move Away From California http://albertpeia.com/16reasonstomoveawayfromcalifornia.htm
‘Why does the state of California seem to be so
incredibly hopeless? These days California can't seem to do anything
right, and if you live in California things just got a whole lot worse.
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 Main Street mind you, they’re for screwin’) …
Rogers and Hamerstein to be exact with their recurring theme going thusly:
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 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.htm
Postal Service loses $3.2b in first quarter...
78% of California 8th graders fail national science
test...
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 U.S.
army even produced a document planning
for the reeducation of political activists in internment camps. Reeducation
camps? In America? And some on the left are still crowing that talking about
being in favour of gay marriage makes him “pro civil liberties”? Is this a
joke? , 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! } , Millions
Of Illegal Immigrants Are Using A Massive Scam To Get Bigger Tax Refunds Than
You Are http://albertpeia.com/illegalimmigranttaxscam.htm
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 Europe right now....
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
U.S. Department of Justice, the FBI, as well as the Pennsylvania and New York
State Police agencies. Earlier this month, Doug said high-level, reliable
sources told him the Department of Homeland Security is preparing for “massive
civil war” in America as a result of a collapse of the dollar and the
hyperinflation that will result. Alex also continues his coverage of the Army's
re-education camps and the upcoming Bilderberg confab in Virginia.
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 TWO WAY
TUESDAY MARKET ACTION 5-8-12 ‘Markets were selling off hard most of the day on
lingering doubts about the fate of the eurozone amid Greece, France and Spain.
After hitting some support levels markets rallied sharply into the close led by
(ahem) the reliable 2:15 PM Buy Program Express… Familiar suckers’ rally into
the close off lows to keep suckers sucked in! This is an especially great opportunity to sell / take
profits! Corporate insiders are selling like there’s no tomorrow http://albertpeia.com/22redflagsofdoomforglobalfinancialmarkets.htm
– REMEMBER: SELL IN MAY AND GO AWAY!
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 America's "fiscal child abuse", Kotlikoff and two
colleagues demolish the idea of sustainability of government finances and how
well off younger generations will be compared with their parents. The game is
close to over and for today's children, the American dream will be just
that - a dream! , Santelli
On Propaganda And Ostrich Economics Everyone's favorite Chicago-ite, Rick
Santelli, once again presents himself as the truth-teller-in-chief on the
propaganda channel. This morning's dismal jobs data but utopian reporting of
the improvement in the headline unemployment rate appears to have hit a nerve.
Santelli takes on just how bad the employment picture really is, how mainstream
media practices 'Ostrich Economics', and finally how nothing is deemed
important to most politicians except who is to blame. One of Rick's best as
perhaps CNBC
has been looking at its ratings and realizes investors want the truth not
the spin. , Guest
Post: Debt Serfdom In One Chart Bottom line: financialization and
substituting debt for income have run their course. They're not coming back, no
matter how hard the Federal Reserve pushes on the string. Both of
these interwined trends have traced S-curves and are now in terminal decline:
Those hoping the economy is "recovering" on the backs of financial
speculation/ legerdemain and ramped up borrowing by the lower 95% will be
profoundly disappointed when reality trumps fantasy. , People
Not In Labor Force Soar By 522,000, Labor Force Participation Rate Lowest Since
1981
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 U.S. citizens.
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 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.
.. ‘
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
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 america. The reality is that
there are so many americans that are not in jail who
should be in
jail, it’s difficult to avoid these harsh third world
measures in what
has essentially become a third world nation overrun by
the most sordid, despicable criminals one can imagine.
They must really prosecute the biggest criminals including the oligarchs as,
ie., the huge frauds on wall street, etc., and ‘bury’ the violent repeat
offenders, etc., without exception. The problem with america is not the
terrorist threat from without, but rather the plethora of inherently criminal
americans within. Moreover, the corruption is pervasive and systemic.
Unfortunately, crime pays in america and pays well; and, God help you if you
try to live within the law and get in their way or potentially cost them money
or some of their illegal business because no one else will. There’s criminal
control at all levels of american society. That’s the problem; with the
relatively few non-criminally inclined, criminal by complicity inasmuch as
americans are for the most part gutless cowards who go along to get along along
with a million other excuses, not the least of which is ‘the price was right’.
That’s reality! That said, it’s the ‘for or agin’ me primitive mentality that
pervades the u.s. government, ‘thought police’, arbitrary powers of detainment,
abrogation of first admendment rights, internet intrusion/censorship, arbitrary
enforcement of the law, etc., that is and I find particularly appalling,
counter-productive, and regressive. There is an element of projection, given some of the evil
things the government has done abroad; blowback being not entirely out of the
realm of possibility which ultimately is the sad consequence of the worst of
human nature which is invariably inclined to go too far in the worst way. The
sad fact is that as with any banana republic, the governmental powers that be
go to whatever nefarious lengths necessary (control by whatever means, at some
level) to unreasonably maintain their access to undeserved power, money,
resources, luxuries, etc., invariably
to the detriment of the vast majority as is so here in america today. There are
very few positive things that can be said of america today. I, for one, cannot
think of any at all!
[ ‘america, love it or leave it’? Love it?
Truth be told, I don’t even like america!
See, ie., http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm
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? }
Washington’s Blog |
Simultaneous Global Printing Is Failing Miserably.
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 AMERICA AND HE IS BLIND!
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 america. The reality is that
there are so many americans that are not in jail who
should be in
jail, it’s difficult to avoid these harsh third world
measures in what
has essentially become a third world nation overrun by
the most sordid, despicable criminals one can imagine.
They must really prosecute the biggest criminals including the oligarchs as,
ie., the huge frauds on wall street, etc., and ‘bury’ the violent repeat
offenders, etc., without exception. The problem with america is not the
terrorist threat from without, but rather the plethora of inherently criminal
americans within. Moreover, the corruption is pervasive and systemic.
Unfortunately, crime pays in america and pays well; and, God help you if you
try to live within the law and get in their way or potentially cost them money
or some of their illegal business because no one else will. There’s criminal
control at all levels of american society. That’s the problem; with the
relatively few non-criminally inclined, criminal by complicity inasmuch as americans
are for the most part gutless cowards who go along to get along along with a
million other excuses, not the least of which is ‘the price was right’. That’s
reality! That said, it’s the ‘for or agin’ me primitive mentality that pervades
the u.s. government, ‘thought police’, arbitrary powers of detainment,
abrogation of first admendment rights, internet intrusion/censorship, arbitrary
enforcement of the law, etc., that is and I find particularly appalling,
counter-productive, and regressive. There is an element of projection, given some of the evil
things the government has done abroad; blowback being not entirely out of the
realm of possibility which ultimately is the sad consequence of the worst of
human nature which is invariably inclined to go too far in the worst way. The
sad fact is that as with any banana republic, the governmental powers that be
go to whatever nefarious lengths necessary (control by whatever means, at some
level) to unreasonably maintain their access to undeserved power, money, resources,
luxuries, etc., invariably to the
detriment of the vast majority as is so here in america today. There are very
few positive things that can be said of america today. I, for one, cannot think
of any at all! [
‘america, love it or leave it’? Love it? Truth be told, I don’t even
like america! See,
ie., http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm
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 U.S. economy for example.
Barack Obama wants to believe that his policies have worked and that the U.S.
economy is improving. So that is what he is telling the American
people. The mainstream media wants to believe that Barack Obama is a good
president and that his policies make sense and so they are reporting that we
are experiencing an economic recovery. A very large segment of the U.S.
population still fully supports Barack Obama and they want to believe that the
economy is getting better so they are buying the propaganda that the mainstream
media is feeding them. But is the U.S. economy really improving?
The truth is that it is not. The rate of employment among working age
Americans is exactly where it was two years ago and household incomes have
actually gone down while Obama has been president. Home ownership levels
and home prices continue to decline. Meanwhile, food and gasoline
continue to become even more expensive. The percentage of Americans that
are dependent on the government is at an all-time record high and the U.S.
national debt has risen by more than 5 trillion dollars under Obama. We
simply have not seen the type of economic recovery that we have seen after
every other economic recession since World War II. The horrible statistics
about the U.S. economy that you are about to read are not talked about much by
the mainstream media. They would rather be "positive" and
"upbeat" about the direction that things are headed. But lying to the
American people is not going to help them. If you are speeding in a car
toward a 500 foot cliff, you don't need someone to cheer you on. Instead,
you need someone to slam on the brakes. The cold, hard reality of the matter is
that the U.S. economy is in far worse shape than it was four or five years ago.
We have never come close to recovering from the last recession and another one
will be here soon. The following are 25 horrible statistics about the U.S.
economy that Barack Obama does not want you to know.... 1-25
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.
(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
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 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
PIMCO's Bill Gross spent a longer-than-soundbite
period discussing QE3, the chance of a US double-dip, and Europe's ongoing
dysfunction with Trish Regan on Bloomberg Television this afternoon. Given more
than his typically limited-to-ten-second thoughts some other media outlets
appear to prefer, the old-new-normal-bond-king believes the Fed will
resist another round of quantitative easing in the short-term but "if
unemployment begins to rise for two-to-three months then QE3 is back on".
Noting that investors should focus on nominal GDP growth tomorrow, he goes on
to dismiss the idea that the US can decouple from a troubled Europe
pointing the political dysfunction between the Germans and the rest as greater
than the polarity between Democrats and Republicans here at home. Preferring to
play a slightly levered long bet on low rates holding for a longer-period, he
like MBS (as we have discussed in the past) but does not see the 10Y
yield dropping precipitously from here though he does echo our thoughts
entirely in his view of the 'flow' being more critical than the 'stock' when it
comes to the Fed's balance sheet and hence the June end-of-Twist may
be a volatile period for all asset classes.
Adding insult to Bayern Munich injury, we just got S&P which did the impossible and cut Spain to BBB+ from A (outlook negative) not on Friday after hours. Kneejerk reaction is a 30 pip drop in EURUSD.
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.
(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
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
(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
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
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: "U.S. Initial Jobless Claims Fell 1,000 to 388,000 Last
Week." ..No propaganda. No data fudging. No manipulation at all. Just endless laughter at the desperation. , What
Costs How Much, Where? Presenting The "Apple Index" 4-25-12 , March
Durable Good Implode, Worse Than Lowest Wall Street Forecast And Biggest Drop
Since January 2009 , FOMC's
Bag Of Tricks Is Empty... For Now - Full Statement Redline
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
America’s collective vision of frontier exploration. It has been
just another bureaucratic black hole for Washington to throw dollars
at in hopes of buying reelection. Because one of the main tenets of economics
is considering the unseen, then it can be assumed that space exploration would
very well be advanced far beyond what we see today if it was left completely
out of the hands of the state. If Krauthammer truly wished the
human race capable of traveling into the new frontier of the stars, he would
welcome NASA cuts rather than lament. How ironic then is today's news
of Planetary
Resources as investor and avowed anarchist
Doug Casey thoughtfully observes
on the inefficiency of NASA: "We should have colonies on the moon by
now, and more: We should be mining the asteroids and developing real estate on
Mars."
{ A bit much, to be sure (Casey) … my own position on
this same topic regarding the same WP Editorial:
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-à-vis the space station, but not inordinately so. All I can say
with certainty is that the universe beyond this solar system is forever
protected / insulated. The fact is, they never set foot on the moon; and, in
light of the pervasive corruption in and defacto bankruptcy of the nation,
their perpetual wars toward making a hell on earth militate against anything but
trying to do even just a little bit better (for a start), terrestrially. NASA wants
mission to bring Martian rocks to Earth (AP) Why? They already have
that and more: Launch
of secret US space ship masks even more secret launch of new weapon The
Militarization of Outer Space: The Pentagon’s “Space Warriors” Global
Research | It’s not as if things aren’t bad enough right here on
planet earth. Now the Defense Department wants to up the stakes with new,
destabilizing weapons systems that will transform low- and high-earth orbit
into another “battlespace.”
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 america. The reality is that there are so many americans that are not in
jail who should be in jail, it’s difficult to avoid these harsh third world
measures in what has essentially become a third world nation overrun by the most
sordid, despicable criminals one can imagine. They must really prosecute the
biggest criminals including the oligarchs as, ie., the huge frauds on wall
street, etc., and ‘bury’ the violent repeat offenders, etc., without exception.
The problem with america is not the terrorist threat from without, but rather
the plethora of inherently criminal americans within. Moreover, the corruption
is pervasive and systemic. Unfortunately, crime pays in america and pays well;
and, God help you if you try to live within the law and get in their way or
potentially cost them money or some of their illegal business because no one
else will. There’s criminal control at all levels of american society. That’s
the problem; with the relatively few non-criminally inclined, criminal by
complicity inasmuch as americans are for the most part gutless cowards who go
along to get along along with a million other excuses, not the least of which
is ‘the price was right’. That’s reality! That said, it’s the ‘for or agin’ me
primitive mentality that pervades the u.s. government, ‘thought police’,
arbitrary powers of detainment, abrogation of first admendment rights, internet
intrusion/censorship, arbitrary enforcement of the law, etc., that is and I
find particularly appalling, counter-productive, and regressive. There is an
element of projection, given some of the evil things the government has done
abroad; blowback being not entirely out of the realm of possibility which
ultimately is the sad consequence of the worst of human nature which is
invariably inclined to go too far in the worst way. The sad fact is that as
with any banana republic, the governmental powers that be go to whatever
nefarious lengths necessary (control by whatever means, at some level) to
unreasonably maintain their access to undeserved power, money, resources,
luxuries, etc., invariably to the
detriment of the vast majority as is so here in america today. There are very
few positive things that can be said of america today. I, for one, cannot think
of any at all! [ ‘america, love it or leave it’? Love it?
Truth be told, I don’t even like america!
See, ie., http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm
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 America?
http://albertpeia.com/howlibertywaslost.htm
‘When did things begin going wrong in America?
“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 America were dispossessed, just as
Israelis have been driving Palestinians off their lands since 1948.
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-à-vis the space station, but not inordinately so. All I can say
with certainty is that the universe beyond this solar system is forever
protected / insulated. The fact is, they never set foot on the moon; and, in
light of the pervasive corruption in and defacto bankruptcy of the nation,
their perpetual wars toward making a hell on earth militate against anything
but trying to do even just a little bit better (for a start),
terrestrially. NASA wants
mission to bring Martian rocks to Earth (AP) Why? They already have
that and more: Launch
of secret US space ship masks even more secret launch of new weapon The
Militarization of Outer Space: The Pentagon’s “Space Warriors” Global
Research | It’s not as if things aren’t bad enough right here on
planet earth. Now the Defense Department wants to up the stakes with new,
destabilizing weapons systems that will transform low- and high-earth orbit
into another “battlespace.”
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-à-vis the space station, but not inordinately so. All I can say
with certainty is that the universe beyond this solar system is forever
protected / insulated. The fact is, they never set foot on the moon; and, in
light of the pervasive corruption in and defacto bankruptcy of the nation,
their perpetual wars toward making a hell on earth militate against anything
but trying to do even just a little bit better (for a start), terrestrially. NASA wants
mission to bring Martian rocks to Earth (AP) Why? They already have
that and more: Launch
of secret US space ship masks even more secret launch of new weapon The
Militarization of Outer Space: The Pentagon’s “Space Warriors” Global
Research | It’s not as if things aren’t bad enough right here on
planet earth. Now the Defense Department wants to up the stakes with new,
destabilizing weapons systems that will transform low- and high-earth orbit
into another “battlespace.”
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-à-vis the
egregious, gargantuan, still unprosecuted wall street frauds, clearly, that
person’s not been paying attention; and, to ignore same is to do so at the
nation’s peril [ Obama
flush with financial sector cash The president has managed to raise more
money this year from the sector than any GOP contender. (WP) [ So much for
obama and OWS; but how ‘bout wobama and obs … yes, more ‘obama b***
s*** ! The quid pro quo … the bribe …
Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
Obama has promised to hold Wall Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog Roche 'The worst part of it ...Obama, who vowed change, has done almost
nothing to fix any of it and in fact continues most of the policies that helped
get us here in the first place’ ‘INSIDE
JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant
fraud in the (many) TRILLIONS by the frauds on wall street ( and declares with
oscar in hand that not one high level wall street exec has been prosecuted …
despite ‘earning’ billions from the fraud )THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
, 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 naïve.
So calm down Mr. Krauthammer; nothing’s been lost. Testament to Mr. Krauthammer
being ‘off his game’ here is his positing of ‘wobama the b for b***s***’ as
being smart. Au contraire Mr. Krauthammer! Wobama’s quite dumb! If smart,
wobama would have done as he said he would do last campaign, and the nation
would have been far better off for it! Parenthetically, look to who’s pushing
the censorship bills; now, that’s political desperation! To cheer Mr.
Krauthammer up, there’s also that egregious ‘Keystone’ misstep which even The
Post’s Editorial Board felt compelled to point out. We’ll just chalk this up to
‘(temporary) situational anxiety disorder’.
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
9-24-12 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/psycopathssociopathsamericasocietalcollapse.htm
, http://albertpeia.com/archives.htm , [ THE REAL CRASH IS DEAD AHEAD AS 2008 IS FORGOTTEN Paul B. Farrell MarketWatch http://albertpeia.com/realcrashdeadahead.htm , Just
Open Up Your Eyes And Look - 65 Signs That The Economic Collapse Is Already
Happening http://albertpeia.com/65signseconomiccollapsehappening.htm , One Last Breadth: 3 Reasons to Not Trust this Market By Chad
Karnes ETFguide , Obama campaign unleashing 'the Big Dog' in battleground states
{ Riiiiight! The big dog…who found a way to poop up the presidency after being
gifted with a huge end of cold war peace dividend courtesy of predominantly
Reagan. Yes, on route to blowing the job, despite his support for NAFTA, he did
get quite a few…blow(n) jobs… http://albertpeia.com/bigdogpoop.htm } , Doug
Casey Predicts Day of Economic Reckoning Is Near (Casey Research
8-27-12) http://albertpeia.com/caseysayseconomicreckoningnear.htm , http://albertpeia.com/truthabouteurope.htm , It
Is Not Just Your Imagination - American Families ARE Getting Poorer http://albertpeia.com/americansgettingpoorer.htm , Food Inflation, Food Shortages And Food Riots Are Coming http://albertpeia.com/foodinflationshortagesriotscoming.htm , Americans
Are Literally Being Worked To Death
http://albertpeia.com/americansworkedtodeath.htm
{ I personally believe a new
category of anxiety disorder has arisen in america which probably would fall
within the broader genus of ‘obsessive compulsive’;viz., the obsessively
compulsive trait being overuse of cell phones/text messaging, etc., in some
instances to the point where fingers are literally rendered ‘raw’ from the
typing. Such, of course, is famously promoted/encouraged (tweets, etc.) by the
media, ‘celebs’, etc., and of course the ‘sellers’ of the China-made gadgets,
ie., apple (I-phones, etc.), etc.. And, despite being invariably sympathetic to
the plight of kids generally, I really must say it’s really rather startling
and pathetic! } , 19
Signs That America Is Being Systematically Transformed Into A Giant
Surveillance Grid
http://albertpeia.com/usasurveillancegrid.htm , 10 states stealing California's population { Stealing? I
don’t think so. There’s really nothing positive to say about california as a
(w)hole! Only jersey is worse! http://albertpeia.com/calihole.htm And, as recently as the Reagan ‘80’s that
was not nearly the case concerning california which has fallen far and fast.
} ,
There’s No Engine
For Global Growth (China Edition) http://albertpeia.com/theresnoengineforglobalgrowth.htm , Get
Your Fake Tungsten-Filled Gold Coins Here
ZeroHedge.com , Winners
Lose As Safety Outperforms UPDATE: CAT is sliding AH after noting higher chance of
recession and cuts 2015 EPS guidance from $15-20 to $12-18 , Super Mario’s Big Bluff http://albertpeia.com/supermariosbigbluff.htm , Where Would
the S&P 500 Be Without Fed Intervention? http://albertpeia.com/snpfed.htm , Things
Are Getting Worse: Median Household Income Has Fallen 4 Years In A Row http://albertpeia.com/thingsworseincomefalls4inarow.htm , Thanks
Obama - The Terrorists You Used To Topple Regimes In Egypt And Libya Are Now
Attacking Our Embassies http://albertpeia.com/thankswoforblowback.htm , Is
America The Most Materialistic Society In The History Of The World? http://albertpeia.com/americanmaterialism.htm
{ When it comes to american fortunes especially; particularly, ie., fraudulent
wall street-made fortunes, though there are otherwise some exceptions, that old
adage displayed at the beginning of one of Francis Ford Coppola’s masterfully
done mafia movies, viz., ‘Behind every fortune a crime’, is apposite. } , We're
Entering Another Economic Collapse... Right As Inflation Hits LIft Off! Phoenix Capital
Research 9-21-12 http://albertpeia.com/economiccollapseplusrisinginflation.htm , 21
Facts About America's Decaying Infrastructure That Will Blow Your Mind http://theeconomiccollapseblog.com http://albertpeia.com/21factsamericasdecayinginfrastructure.htm , 100
DAYS UNTIL LARGEST TAX HIKES IN HISTORY... http://albertpeia.com/taxmaggedon.htm
, Dumb money sees a rally, so gird for a dip , Dave’s Daily: http://etfdigest.com ‘QUAD WITCHING NONEVENT 9-21-12
, The richest and poorest U.S. cities by income http://albertpeia.com/25uscitiesbyincome.htm , 10
Quotes From Financial Experts About The Effect That QE3 Will Have On Gold And
Silver http://albertpeia.com/10quotesfromfinancialexpertsreqe.htm , Forget About QE… I’m Worried
About UC September 20, 2012 http://gainspainscapital.com http://albertpeia.com/qeconsequences.htm , The
Fed’s QE 3 Program: Short Term Thinking For Long-Term Pain http://albertpeia.com/shorttermthinkinglongtermpain.htm { The problem is, it’s not even sound
short-term thinking. Oh sure, the fraudulent churn and earn markets are loving
this, yet some see this ‘non-economic’, costly obfuscating scam for its real
effect and detriment; ie., Egan-Jones downgrades U.S. rating on QE3 move , etc.. }
, 10
Shocking Quotes About What QE3 Is Going To Do To America http://albertpeia.com/10shocksregardingwhatqe3willdotous.htm , How
QE3 Will Make The Wealthy Even Wealthier While Causing Living Standards To Fall
For The Rest Of Us http://albertpeia.com/qe3wealthywealthiertherestpoorer.htm , 9-19-12
It’s Time to Air Out
Ben Bernanke’s Dirty Laundry http://albertpeia.com/rainmanhelicopterbensdirtylaundry.htm , What
Mitt Romney Also Said: A Glimpse Of The Endgame? ZeroHedge.com http://albertpeia.com/mittalsosaid.htm , 'Krugman's
Kryptonite' Pedro Schwartz On Creating Money Out Of Thin Air "A serious
inflationary disaster will only be prevented if governments succeed in reducing
their deficits and stop selling bonds"
, Draghi and
Bernanke’s Worst Nightmares Are About to Unfold ‘…they’ve both failed…’
http://albertpeia.com/draghibernankeworstnightmare.htm ,
MARKET WATCH HEADLINES http://albertpeia.com/marketwatchheadlines.htm , The
Federal Reserve Is Systematically Destroying Social Security And The Retirement
Plans Of Millions Of Americans http://albertpeia.com/feddestroyingsocialsecurity.htm , Tungsten-Filled
10 Oz Gold Bar Found In The Middle Of Manhattan's Jewelry District ZeroHedge.com , Where
We Are and Where We’re Going (Week of September 17, 2012) http://gainspainscapital.com http://albertpeia.com/hereandthere.htm , ‘My sense is [QE3] is going to
have a greater effect
on inflation and a minimal impact on jobs.’—Jeffrey Lacker
President , Richmond Federal Reserve Bank
, Dave’s
Daily: http://etfdigest.com ‘MARKETS TAKE A BREAK 9-17-12 China stocks
were hit hard yesterday with Shanghai indexes weaker by 2-2.5% and down to
levels not seen since 2009 [ Anti-American fury sweeps across an inflamed Muslim world { Despite casting this as being over a film,
it’s not just the film; but as well, blowback for innumerable policy missteps
that ultimately included direct or indirect acts of violence/aggression. These
people are not blind, nor are they utter fools despite america et als’ foolish
assumptions and presumptions to the contrary. } QE3: Helicopter Ben Bernanke
Makes It Rain Money http://albertpeia.com/debaseddollarfailedstrategy.htm ‘…The course that the Federal Reserve has
set us on is utter insanity. Ben Bernanke can rain money down on us all
he wants { because he’s ‘The Rain Man’ }, but it is not going to do much at all
to help the real economy. However, it will definitely hasten the destruction
of the U.S. dollar…’ , [ GO DIRECTLY TO TODAY’S BUSINESS HEADLINES ]
The Punchline In His Own
Words: Bernanke Advocates Blowing Asset Bubbles As The Antidote To Depression ZeroHedge.com { This is an especially great opportunity to sell this suckers’
market/take profits! Nothing’s been solved! Just because
‘no-recession-helicopter-ben’ says something, does not mean it’s true (remember
that ‘no recession call’ of his; and, of course, no QE before the election,
prospectively, already discounted many times over by the ‘markets, such as they
are, ie., algo buy programs, etc.. ).
All this and now ‘whatever’ is too little and too late for the uss
Titanic which has taken on too much, not water, but b***s***. This was a
desperate move, bespeaking desperation.The fact is things are ominously so bad,
and worse than ‘allowed’ to be seen for the moment, that something as this QE
which is economically and financially contraindicated and a proven failure for
all but the frauds on wall street along with their cohorts including desperate
politicos, is resorted to in desperation to divert attention from their unequivocal
failure. After all, though having cost so many americans their jobs with wrong
calls and policies, bernanke is trying to save his own by inflating the markets
(along with everything else, ultimately hyperinflationary) for fellow failure wobama’s sake (wobama
rehired failure bernanke, President Romney would have fired, and will fire him
… goldman sachs knew this dollar debasing failed policy QE 3 would come and at
the expense of the muppets…that’s their term for all you suckers). I further
believe this contraindicated largess to the frauds on wall street is to
preserve his post fedship tenure job possibilities by ingratiating himself even
further with those nefarious, self-serving interest groups. } Dave’s Daily: http://www.etfdigest.com ‘FED IN FOR A PENNY IN FOR A
POUND 9-13-12 Basically the Fed has gone too far done the money printing mode
to stop now. They believe what their policies will stimulate employment but all
operations in this regard have failed. The Bernank will spin this as an
apolitical move coming two months before an election that could cost him his
job…’ ‘MARKETS IN WAITING GAME
9-11-12 It was a mix of news
Tuesday. The featured story was Moody’s stating they’ll be cutting the U.S.
rating one notch if politicians can’t agree on debt reduction plans. Germany’s
Schauble piled on stating U.S. debt to GDP ratio was much too high. This
sent the dollar (UUP) lower and gold (GLD) higher once again… , What’s the Fed Going to Do? http://albertpeia.com/whatsthefedtodo.htm , China
And Russia Are Ruthlessly Cutting The Legs Out From Under The U.S. Dollar http://albertpeia.com/debaseddollardown.htm , September
11 – Eleven Years Later (Selected Statistics) ZeroHedge.com On the
anniversary of the most emotional day in our collective memory, here are
some key statistics in the interest of truth, justice and the American
way: http://albertpeia.com/september11stats.png , The
Student Loan Debt Bubble Is Creating Millions Of Modern Day Serfs http://albertpeia.com/studentloandebtserfs.htm , The
Real Unemployment Numbers Are Worse Than You Are Being Told http://albertpeia.com/realunemploymentnumbersmuchworse.htm , The
Historic Demise Of The Ever-Shrinking Dollar: An Infographic ZeroHedge.com , Dave: ‘A SPOONFUL OF
SUGAR HELPS THE MEDICINE GO DOWN’
9-7-12 { It really must be
emphasized/said, and it has been said infra*, that the west generally, and the
u.s. especially, have become unmistakably banana republics meeting all criteria
by which such failed forms of political/economic ‘organization’ are denoted.
The consistent and persistent focus on the totally fraudulent, manipulated
stock markets, fraudulent wall street particularly with contraindicated, failed
QE for benefit of wall street frauds only, to the detriment of literally
everyone else, viz., taxpayers, main street, etc., has become nothing short of
criminally insane! ‘DRAGHI GIVES BULLS
WHAT THEY WANT 9-6-12 Bullish algos bought immediately after
Draghi’s announcements. They aren’t interested in the details just the
headlines which told them more money printing was on the way. Draghi stated
there would be “conditions” to their bond buying of various sovereign debt but
details of these conditions were illusive
, ECB INTERVENTION COMMENT DU
JOUR: "CLASSIC BANANA REPUBLIC BANKING" http://albertpeia.com/classicbananarepublicbanking.htm , Are
You Better Off? 40 Statistics That Will Absolutely Shock You http://albertpeia.com/40statsyourenotbetteroff.htm ,
The Next Round of
the EU Implosion is at Our Doorstep
http://albertpeia.com/nextroundeuimplosionnow.htm , Bloomberg
FOIA Documents How Wall Street Made A Muppet Of The SEC, Mary Schapiro And Dodd
Frank , US$2000
gold by year end, Capital Economics maintains , Dave: ‘ALGO DRIVEN TRADING DOMINATES TUESDAY 9-4-12 The basic news on the day was universally poor…’ , 18
Indications That Europe Has Become An Economic Black Hole Which Is Going To
Suck The Life Out Of The Global Economy
http://albertpeia.com/18indicationseuropesuckinglifeofglobaleconomy.htm ,
THREE CHARTS TO WATCH FOR SIGNS OF WHAT’S TO COME http://albertpeia.com/3chartstowatchwhatscoming.htm , Moody's
Downgrades European Union To Outlook Negative ZeroHedge.com , Clint Eastwood to speak at the Republican National Convention:
reports { Indeed he did! All is
not unforgiven. That’s a double-negative, Clint, meaning all’s forgiven ( I
just wanted to interject his oscar-winning ‘Unforgiven’ for the record, along
with ‘Million Dollar Baby’) for your pro-gay marriage, don’t give a f***
egalitarian position (I actually thought in light thereof he was a ‘wobama
man’)... 82 and still truckin’ in a big way…what a guy…I’m impressed…he made
our day! ( There are some detractors, talkin’ this and that about his speech;
but, the point is that Clint’s doing it, not just talkin’ about it! ) Well
Done, Clint! I’m also adding here for
the record the fact that Robert Duvall did a fundraiser for President Romney
with First Lady Ann Romney; and, had an underrated, underappreciated superb
(less than big budget) film of his own, ‘Assassination Tango’, which in light
of nuanced performance and attention to detail deserved greater attention and
acclaim ( any guy whose been offered a free poke from Diane Lane [‘Lonesome
Dove’] and loves the smell of napalm in the morning [the great ‘Apocalypse
Now’] is more than okay in my book). And, Jon Voight: The Advocate … Who woulda
thunk it? Cogent and relevant! } , Tokyo
court rules that Samsung did not infringe on Apple patent AP { This
is a very big deal! } , ‘QE QUESTIONS http://albertpeia.com/consumercon.png { To QE or not to QE, that is the
question…whether it is nobler in the mind to suffer the slings and arrows of
outrageous destruction of fortunes … ah, yes … good choice Dave … I know those
soliloquies by heart…and now, a little Lewis Carroll with a mad hatter none
other than helicopter-ben-shalom-bernanke … } 8-28-12 , Drudgereport: Gasoline To Hit Labor Day
Record Price... { Predominantly the consequence of failed QE for the
benefit of fraudulent wall street only and wobama’s (failed) re-election scam!
} ,
Is
There Going To Be A Stock Market Crash In The Fall? http://albertpeia.com/stockmarketcrashcoming.htm { Short answer, YES! If there’s still any
rationality left in these stock markets! }
, FOUR REASONS WHY THE FED WILL
NOT ANNOUNCE QE 3 THIS FRIDAY gpc1981 http://albertpeia.com/4reasonsnoqe3.htm http://albertpeia.com/qe3notcoming.htm , Thank You Wall Street Thanks for everything... http://albertpeia.com/thanksfraudulentwallstreet.png
, …BERNANKE & CO READY TO
PROVIDE ANOTHER ROUND { …of consistently failed, inflationary QE for the
benefit of the wall street frauds only, to the detriment of the real economy
and everyone else! This misguided wall street fraud oriented policy is in large
part responsible for the increasingly
dismal state of the economy along with
the natural concomitant of rising prices which are blamed on everything but the
contraindicated QE which is the primary culprit! } The only news that mattered
to the algos and HFTs were nuggets of more QE found in FOMC Minutes released
just in time for the 2:15 Buy Program Express to leave the station. More money
printing is inflationary and stocks can inflate too so let’s not kid ourselves. , Grim economic report provides Romney with opening http://albertpeia.com/truthwinsecotopics.htm , Guest
Post: The Stock Market Is An "Attractive Nuisance" And Should Be
Closed ZeroHedge.com
Tyler
Durden { Yes! This article should
in no way be considered tongue-in-cheek sarcasm, exaggeration; but rather, the
reality that the stock market has become a parasitic den of thieves and fraud
literally detrimental to all people, all places except for the few indigenous
denizens of this infectious malignancy that literally sucks the life blood out
of all they reach and touch! } , Thanks
Obama - Here Are 24 Stats That Show How Much You Have Royally Messed Up Our
Economy http://albertpeia.com/24statsshowhowobamamessedupeconomy.htm , 8
Economic Threats That We Were Not Even Talking About At The Beginning Of The
Summer http://albertpeia.com/8neweconomicthreats.htm , More
Than Half Of All Americans Are At Least Partially Dependent On The Government http://albertpeia.com/morethanhalfamericansdependentongovernment.htm , Jacob
Rothschild, John Paulson And George Soros Are All Betting That Financial
Disaster Is Coming http://albertpeia.com/insidersmartmoneybetsfinancialdisastercoming.htm , US fiscal
cliff risks new recession, says report
, Eric
Sprott: The Financial System’s Death Knell? http://albertpeia.com/incometaxforwar.jpg http://albertpeia.com/usfoodcrisis.htm ,‘QE TALK & MERKEL PROP STOCKS
8-16-12 , http://albertpeia.com/newhousingunitscompleted.jpg , Startling
Evidence That Central Banks And Wall Street Insiders Are Rapidly Preparing For
Something BIG http://albertpeia.com/centralbankswallstreetinsidersprepforsomethingbig.htm
‘DATA MANIPULATION UNDER COVER’, EUROPE HAS TWO POTENTIAL “HAIL MARY” PASSES
… WOULD EITHER OF THEM WORK { Short Answer: NO! } ? http://albertpeia.com/europesbailmario.htm , The Mississippi
River Is Drying Up http://albertpeia.com/mississippidryingup.htm , You
Will Not Believe What Some People Are Willing To Do For A Paycheck These Days http://albertpeia.com/desperateforapaycheck.htm , Dan
Loeb Purges Portfolio, Cuts Over Two Thirds Of Equity Holdings, Adds 25 New
Positions ZeroHedge.com , S&P
500 Futures 'Plunge' 1.25 Points - Most In 10 Days! , Bill
Gross On Where "Bad Bonds Go To Die": Joins Paul Singer In Hatred Of
Treasurys , Are
The Government And The Big Banks Quietly Preparing For An Imminent Financial
Collapse? http://albertpeia.com/imminentfinancialcollapse.htm , The
Sobering Reality Of What Life Is Like In Reno, Nevada http://albertpeia.com/realityofdyinguscitieslikerenonv.htm , What
the ECB Can Actually Do... Not Much Posted by: Phoenix Capital... So there is literally NO option that could save Europe at
this point. We can get verbal interventions and symbolic gestures (such as
Draghi's "bazooka" threat), but the fact of the... http://albertpeia.com/marketsshortsqueezeeurophorialunacy.htm , France to
slide into recession says central bank
France's central bank expects the country to slip into recession in the
third quarter with many EU countries already in recession in the wake of the
debt crisis. , Top Obama
watchdog: America's 'pretty f**ked'
If you are looking for opinions on the current state of the country,
former TARP Inspector General Neil Barofsky is opening up about what he thinks
of America. And, if you ask him, the whole nation might be pretty damn
f**ked. , More
Than 100 Million Americans Are On Welfare http://albertpeia.com/morethan100millionamericansonwelfare.htm , 14
Questions People Ask About How To Prepare For The Collapse Of The Economy http://albertpeia.com/preparingforcollapseofeconomy.htm , Europe Is Not
a Matter of Opinion… It’s a Matter of Math
http://albertpeia.com/eumathinsolvency.htm , And
You Thought Q2 Earnings Were Bad?
ZeroHedge.com A Primer To
Intraday Market Moves’ , [ { Dave’s Daily Summary with pics/charts –
Dave is always worth a look; a bit too bullish methinks, but somewhat realistic
in light of the preposterous churn-and-earn frauds/’valuations’, which folly
has gone global and will end quite badly!
http://albertpeia.com/davesummary8312.htm } Then there’s: {
AP: Preposterous beyond words! In a nutshell: lunatics here on wall street and
abroad are indeed affected by this full moon in a very big way! } ] , Lest you
think we’ve turned the corner. . . . MK It’s Friday. And if its Friday, the FDIC
announces another bank failure. In this case the 40th bank failure this year.
At that rate about six per month. (But who’s counting?) Waukegan Savings Bank
of Waukegan, Illinois. . ‘ , The
Bernanke Put is a Lie By gpc1981 http://albertpeia.com/bernankeputalie.htm , The
Employment Rate In The United States Is Lower Than It Was During The Last
Recession http://albertpeia.com/usemploymentratelowerthanlastrecession.htm , Friday
Humor: "I Am Pledging To Cut The Deficit We Inherited By Half By The End
Of My First Term In Office"
ZeroHedge.com Tyler Durden { Wobama the b for
b***s*** speaks … on the prior pre-election campaign trail ( The
Real Obama Budget Deficit For 2011: 5 Trillion Dollars http://albertpeia.com/2011realobamabudgetdeficit5trillion.htm ,
‘DRAGHI DROPS THE BATON 8-2-12
European Central Bank chief Mario Draghi could not back up his bold statements
from last week with specific action. He could only say the ECB “may” through
its mandate buy eurozone bonds. Basically this means he backed the Germans into
a corner and they didn’t blink. His credibility has taken a major hit and
Spanish bond yields once again headed for 7%...A late day rally (see SPY 2:15
PM Buy Program Express) lifted stocks off their lows led mostly by technology
(XLK) and more Apple (AAPL) split chatter. Do you really think equity markets
overall can be durably supported by one stock and infinite central bank
QE?...’ , ‘BERNANKE PASSES THE BATON TO DRAGHI 8-1-12 … China’s official
PMI fell to the lowest level since November 2011 and for the third consecutive
month (50.1 vs 50.2 prior). Most view this as a temporary decline or even
attribute it to seasonal factors. But if you read anything by hedge fund guru Jim
Chanos you might see things in a much different
way.Even more interesting Wednesday was the HFT algo mishaps that befell
trading particularly at Knight
Capital which struggled with an
avalanche of misplaced orders and high volume. ETFs like the Market Vectors
Gold Miners ETF (GDX) and Direxion Shares leveraged Gold Miners ETF (NUGT) saw
incredible volume spikes. The NYSE has a love affair with HFTs providing volume
not to mention trade rebates nevertheless insists it will “look into the
matter”. Knight Capital has announced its “trade cancelation band” at 30%. The NYSE has ruled
only 6 stocks will feature canceled trades.The “flash crash” was 20%. This
is the danger of leaving Good til Canceled (GTC)
trailing stops and thinking you’re protected.
Nevertheless this type of activity is what drives more investors away from
markets. http://albertpeia.com/davescharts8112.jpg http://albertpeia.com/davescharts8113.jpg , Angela
Merkel Will NOT Lose Germany’s AAA Status Before Her Re-election Let’s
Stop Kidding Ourselves and Look at the REAL Math Behind Spain http://albertpeia.com/merkelholdsspainfolds.htm , Mainstream
Reporter Tells The Truth About Audit The Fed And The Creation Of The Federal
Reserve http://albertpeia.com/truthaboutauditfedandfedcreation.htm , This
Is What Happens When An HFT Algo Goes Totally Berserk And Serves Knight Capital
With The Bill ZeroHedge.com
Germany Now Has a REAL Debt to GDP
of 300%…. Bye Bye Eurozone http://albertpeia.com/germanydebttogdpnow300percent.htm , Historic
Drought, Giant Dust Storms And Massive Power Grid Failures - A Glimpse Into Our
Future http://albertpeia.com/droughtdustpowergridfailuresfuture.htm11
Signs That Time Is Quickly Running Out For The Global Financial System http://albertpeia.com/11signstimesrunoutforfinancialsystem.htm , Sorry Mario Draghi,
Spain is Finished! Why the Financial System
Could Indeed Collapse http://albertpeia.com/spainfinishedandfinancialsystemcollapse.htm , Treasury
Admits It Underestimated Debt Needs, Predicts Ceiling Breach In 2012; $600
Billion More Debt In Second Half
Zerohedge.com 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 , Biderman Goes
All-In Bearish ZeroHedge.com , What
In The World Is Wrong With American Kids?
http://albertpeia.com/nothingthatsaneradultscantcure.htm , The
Li(e)bor Rigging Scandal Infographic For Dummies http://albertpeia.com/libor.jpg , 100
Million Poor People In America And 39 Other Facts About Poverty That Will Blow
Your Mind http://albertpeia.com/100millionpovertystrickenamericans.htm , Down
Goes Britain: The UK Economy Tumbles Deep Into Recession http://albertpeia.com/downgoesbritain.htm , Europe
Can and Will Cause a Systemic Collapse… Are You Ready? http://albertpeia.com/europecanandwillcausesystemiccollapse.htm , Guest
Post: You Didn’t Build That { http://albertpeia.com/americasnumberonespook.htm } {
This preposterous
rally on b***s*** alone is a great opportunity to sell, take profits since
there’s much, much worse to come! } , In
Q2 America Added $2.33 In Debt For Every $1.00 In GDP ZeroHedge.com ,
17
Reasons Why Those Hoping For A Recession In 2012 Just Got Their Wish http://albertpeia.com/17reasonsrecessionnow.htm , 19
Examples Of How Control Freaks Are Killing America With Their Completely
Ridiculous Regulations http://albertpeia.com/19wayscontrolfreakskillinguswithregs.htm , Dave’s Daily: BULLISH
QE ALGOS 7-27-12 ‘It’s difficult to
comprehend the tape sometimes, especially when you try to square it with the
overall news. The bottom line is bulls have placed their bets that the eurozone
will be fixed and weaker U.S. GDP both will be met by a heavy dose of QE.
Everything else doesn’t matter. Bulls don’t believe the Germans, despite Bundesbank’s
comments to the contrary; will block bond buying by Draghi and the ECB. The
key phrase in the linked WSJ article was, “If there is no ECB bond buying next
week stocks will collapse”. { AP: What I really can’t fathom is how, why people
are so eager to support the churn-and-earn paper fraud on wall street (their
computers are literally selling to themselves along with the other programmed
algo insanity – helping/facilitating these costly wall street frauds which have
not helped but in many ways hurt the real economy – their gain is everyone
else’s pain as that money in their pockets must come from some real place;
viz., your pockets – there’s no free lunch). Their buying time with b***s***
also facilitates the transfer of their ‘worthless paper hot potatoes’ to ie.,
taxpayers, governments, etc.. Totally pathetic! We’re way past the ‘fool me
twice, shame on me’ stage! They really
have to be prosecuted and put in jail where they belong. They’re just not that
important and they are a substantial detriment to the real economy and society
generally. They have no fear of prosecution and have continued their paper
frauds where they left off last crisis, and seek once again to cash out for
hard currency, metals with the greater fools holding their worthless paper bag.
I used to follow the markets when value/valuation meant something. Now I track
them only to discern the ever greater frauds and the ‘political connectivity’
to same. } , ‘DRAGHI JAWBONES SHORT
SQUEEZE 7-26-12, Draghi
Just Pulled Out His Bazooka… How Long Before the Crash? http://albertpeia.com/draghinbsandcrash.htm , The
Audit The Fed Bill Gets Passed By The House But Obama And The Democrats Are
Going To Kill It http://albertpeia.com/obamademskillauditfed.htm , The
Attack On Chick-Fil-A Is An Attack On The Freedom Of Speech Of Every American http://albertpeia.com/attackonchickfilaattacksfreespeech.htm
Dave’s Daily SANDY
FALLS ON GOLD PLATED SWORD 7-25-12 { Sandy who? Aw geeh … I thought Dave was
talking about that other sandy (sandusky of
jo pa’s p.s. fame, they worshipped together) who cornholed quite a few
himself! } BAD
DATA IGNORED IN FAVOR OF TECH { 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! } , James
Holmes Is Not Alone - 20 More Examples Of The Sickos That Are Overrunning
America http://albertpeia.com/americansickos.htm , 12
Signs That Spain Is Shifting Gears From Recession To Depression http://albertpeia.com/12signsspainrecessiontodepression.htm , The
New York Times Admits That Virtually Every Major News Organization Allows The
News To Be Censored By Government Officials http://albertpeia.com/nytimessaysallusnewscensoredbygovt.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" , …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 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-à-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 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 , 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,
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
, , 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-à-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
9-24-12 Americans
Are Literally Being Worked To Death
http://albertpeia.com/americansworkedtodeath.htm
{ I personally believe a new
category of anxiety disorder has arisen in america which probably would fall
within the broader genus of ‘obsessive compulsive’;viz., the obsessively
compulsive trait being overuse of cell phones/text messaging, etc., in some
instances to the point where fingers are literally rendered ‘raw’ from the
typing. Such, of course, is famously promoted/encouraged (tweets, etc.) by the
media, ‘celebs’, etc., and of course the ‘sellers’ of the China-made gadgets,
ie., apple (I-phones, etc.), etc.. And, despite being invariably sympathetic to
the plight of kids generally, I really must say it’s really rather startling
and pathetic! } , 19
Signs That America Is Being Systematically Transformed Into A Giant
Surveillance Grid
http://albertpeia.com/usasurveillancegrid.htm , 10 states stealing California's population { Stealing? I
don’t think so. There’s really nothing positive to say about california as a
(w)hole! Only jersey is worse! http://albertpeia.com/calihole.htm And, as recently as the Reagan ‘80’s that
was not nearly the case concerning california which has fallen far and fast.
} ,
There’s No Engine For
Global Growth (China Edition) http://albertpeia.com/theresnoengineforglobalgrowth.htm , Get
Your Fake Tungsten-Filled Gold Coins Here
ZeroHedge.com , Winners
Lose As Safety Outperforms UPDATE: CAT is sliding AH after noting higher chance of
recession and cuts 2015 EPS guidance from $15-20 to $12-18 , In
Preview Of Inevitable Unhappy QEnding, Overeager German Safecrackers Blow Up
Bank It looks like someone took a
page from the Bernanke open-ended playbook, who when tasked by Chuck Schumer to
"get
to work, Mr. Chairman", and realizing his job is on the line,
literally bet the Fed's political ranch on the biggest liquidity tsunami ever
conceived in Keynesian history with consequences which as Gary Kaminsky
explained earlier, will be akin to a Kamikaze pilot, if one who has over 310 million
passengers. That someone was one or more German safecrackers in the town of
Nottuln-Darup, who were eagerly pursuing their New Normal patriotic
duty to release some bank reserves into broad circulation by blasting through a
safe on Sunday night, when they used some extra laced C-4, in the process blew
up the entire bank, shattering windows across the street, and causing hundreds
of thousands of euros worth of damage. Perhaps this, more than anything, is
the best visual of just what Bernanke's attempt to unclog the "bank
plumbing" will look like in the end, even better than Zimbabwe
coordinated 1
million man flush. The silver lining: at least they added to German GDP: if
today's Ifo number is any indication, Germany desperately needs it. , Meanwhile
In Downtown Camden As we reported
earlier, Camden may be broke, the local police may now be history,
unemployment may be 50%, it may be nothing more than one big crack cocaine
depot and driving through downtown at less than 88 mph may be hazardous to your
health, but that wasn't always the case. In fact, back in 2009 the city had
enough money to afford billboards. Such as this one on the intersection of Dr
Charless Brimm Blvd and S. Broadway, courtesy of Google
StreetView (sorry iPhone 5 users: you can't see this). Brought to you by www.joncorzine09.com , Spanish
Military Threatens Treason As Catalonia Seeks Secession Referendum { As an aside, it should be noted that
Catalonia is birthplace to my all-time favorite and many of the world’s
greatest artists. } , With
$1.6 Trillion In FDIC Deposit Insurance Expiring, Are Negative Bill Rates Set
To Become The New Normal? , Guest
Post: Pavlov's Dogs - An Overview Of Market Risk , Confirming
US Dumbification, Verbal SAT Scores Just Hit Record Low , Guest
Post: The Greatest Trick The Devil Ever Pulled Never try to teach a pig to sing, advised Robert Heinlein. It
wastes your time and it annoys the pig. Similarly, never try to convince
a central banker that his policies are destructive , Kaminsky:
"Bernanke Is Now A Kamikaze Pilot" In a little under four minutes, CNBC's Gary Kaminsky provides a
voice of reason amid the 'Gold-and-Bonds-are-in-a-bubble-but-Apple-is-awesome'
meme. Reflecting on some of the mind-blowingly crazy statistics of this
market's recent inexorable rise, central bank balance sheet eruptions, and
valuations; Kaminsky (an ex-PM as opposed to 'reporter') provides six
clarifying words: "We know this will end
ugly!" From the lack of credibility of any Fed exit, to the
explosion of the monetary base, Gary moves back and forth from Japan as an
ever-more-obvious template for our path past the Keynesian endpoint. Finally,
he concludes that: "Bernanke
is a kamikaze pilot... experimenting [in monetary policy] and is destined to
fail." , David
Rosenberg On The 'One-Trick Pony Market'
Global economic fundamentals are awful, bearish divergences are occurring
everywhere, investor sentiment is nearing bullish extremes, political risks
remain high and last week's market performance can be summed up in four words -
'lack of follow through'. As
Gluskin Sheff's David Rosenberg explains, more than two-thirds of the rally points the stock market has enjoyed
since the summer-time lows occurred around central bank policy announcements. So the
market is really a one-trick pony here, breathing in the fumes of central bank
liquidity , America's
Deadliest And Poorest City Set To Disband Its Entire Police Force Over Budget
Crisis While the stock market in
the US continues to surge (if not so much in China where the composite is back
to 2009 lows) as the relentless liquidity tsunami makes its way into stocks,
and other Fed
frontrunning instruments, and only
there, reality for everyone else refuses to wait. Last
week we saw reality striking in Greece, where a section of Athens literally
shut down after it ran out of all cash. Today, reality comes to the US, and
specifically its poorest city, Camden, which is a twofer, doubling down also as
America's deadliest city. It turns out Camden is about to become even
deadliest-er, as its police force is set to be disbanded following a budget
crisis in this effectively insolvent city.
, The
Fed Is Systematically Destroying Social Security And The Retirement Plans Of
Millions Posted by : ilene
Post date: 09/24/2012 - SS Ponzi is approaching a
cliff. , Following
QE8, Japanese Teachers' Pension Fund Goes All-In: Focus on 'Return' Not 'Risk' Haven't we seen this picture before - and it
didn't end well? , Guest
Post: QE For the People - What Else Could We Buy With $29 Trillion? In a
system that depends on lies and the credulity of the citizenry, the greatest
lie is that the Federal Reserve's "quantitative easing" bailouts of
the banks somehow help our citizens and communities , Janjuah
Stopped Out ‘…Nomura's Bob Janjuah remains 100% correct in his
diagnosis and prognosis of the current 'grossest misallocation and
mispricing of capital in the history of mankind'… "...risk assets are in a bubble which of course can extend, but
which can reverse sharply and suddenly. Up here, 'valuation metrics' are not
going to help much... this bubble could extend for maybe a few months and by up
to 10%, ...but that we could see global equity markets 10/15% lower in
virtually a 'heartbeat'." , Overnight
Sentiment: 'Rumors Regurgitated, Refuted' Redux As German Economy Slips Again , Greece
Caught Underreporting Its Budget Deficit By Nearly 50% , The
Global Trade Cycle Turns Lower , Daily
US Opening News And Market Re-Cap: September 24 Risk-averse sentiment dominated the
first half of the session today, as market participants digested yet another
disappointing macro economic data release from Europe (German IFO), which fell
for a fifth consecutive month. In addition to that, EU’s Van Rompuy said that
he sees tendency of losing the sense of urgency, likely pointing the finger at
Spain which is yet to request monetary assistance to prevent another
speculative attack. It remains unclear when the official request will be made,
but there is a risk that the application will only take place after regional
elections in late October or even after the Eurogroup meeting in November.
Finally, German finance ministry spokesman said that leveraging the ESM to EUR
2trl, as reported by Der Spiegel over the weekend, is not realistic and called
the report completely illusionary. As a result, peripheral bond yield spreads
are wider, with Italian bonds underperforming as markets prepare for this
week’s supply from the Treasury. Heading towards the North American cross over,
EUR/USD is seen lower by around 75pips and is trading in close proximity to the
1.2900 level, with bids said to be placed below. Talk of dividend related
buying in GBP/USD, as well as EU budget related selling in EUR/GBP by two
different UK clearers helped support GBP/USD. Going forward, there are no major
economic releases set for the second half of the session, but the BoE will
conduct its latest APF and the Fed will buy between USD 1.5-2bln in its latest
POMO.
Submitted by Tyler Durden on 09/24/2012
9-21-12 We're
Entering Another Economic Collapse... Right As Inflation Hits LIft Off! Phoenix Capital
Research 9-21-12 http://albertpeia.com/economiccollapseplusrisinginflation.htm , 21
Facts About America's Decaying Infrastructure That Will Blow Your Mind http://theeconomiccollapseblog.com http://albertpeia.com/21factsamericasdecayinginfrastructure.htm , 100 DAYS UNTIL LARGEST TAX
HIKES IN HISTORY... http://albertpeia.com/taxmaggedon.htm
, Dumb money sees a rally, so gird for a dip , Dave’s Daily: http://etfdigest.com ‘QUAD WITCHING NONEVENT 9-21-12 I’ve been
taking a working vacation—better said,
working on catching some fish. But I note that since leaving on Tuesday not
much has changed with markets. In the eurozone it seems authorities there wish
to postpone serious decision making until after the U.S. election. That’s rather curious and let
you draw your own conclusion. Oil markets have taken a beating on inventory
issues. It seems the supposed “fat-fingered” trade or SPR release rumor
weren’t correct. It may be some
traders got some inside information on inventory data. Again, draw your own
conclusion…In the
meantime Friday’s
quad-witching was a pretty uneventful and volume was light. The dollar (UUP) remains
weak overall and precious metals like gold (GLD) and silver (SLV) remained
steady after some previous selling. Beyond Apple (AAPL) which as you know has
become “the market”, not much has changed
throughout the week. The leading sectors remain in real estate best expressed
by Homebuilders (ITB). Bonds (TLT) continued to be steady.Volume remains quite
light for quad-witching day although Thursday’s volume was higher as traders began to rollover and unwind
positions. Breadth per the WSJ was positive…’ , PIIGS
In America: Is Illinois Preparing To Request A Federal Bailout? ZeroHedge.com Moments ago we saw the following amusing headline crossing the
BBG:
ILLINOIS TEACHERS' PENSION FUND CUTS
RATE OF RETURN TO 8% FROM 8.5%
It's amusing because these are the same teachers who
were demanding, and received, higher pay - 17%
higher over four years in fact - following a several day strike. It is even
more amusing considering that in a fiscal year in which we saw QE2, Operation
Twist 1 and 2, and LTRO 1 and 2, the nation's
largest pension fund, Calpers, managed
to eek out a measly 1% gain (and this is including the end of June
surge following the then announced European bailout which turned out to be yet
another dud). It is, however sadly, most amusing, because it may be a harbinger
of something truly sad: the advent of the "PIIG bailout" to America,
when a US state demands a Federal bailout. We have seen how eager Europe has
been to bailout its insolvent nations. We are next about to see just how
"united" the US is when its own solidarity is tested as state after
state repeat the European bailout experience. But hey: at least we have the
dollar so all should be well. , How
to Measure Strains Created by the New Financial Architecture , The
Gaping Maw Of Centrally-Planned Surreality
, Guest
Post: QE3 And Bernanke's Folly - Part II
, Quad
Witching Day Sends NYSE Volume Soaring To Highest In Over A Year Between quarter-end, quad-witching, and the
index-rebalancing, activity at the NYSE soared today. More than triple the average of the last few weeks, today's volume was
the highest since the US downgrade last August - over 13 months ago - and
given the downward pressure in prices into the close it seems more motivated
sellers than buyers locking in anticipated Fed/ECB gains. , Gold
And Silver Trump US Equities In Q3 And Year-To-Date , Will
Nasdaq Be The Next Casualty Of The SEC's Anti-Latency Arbitrage Push? Back in 2009
Zero Hedge was first the only, and shortly thereafter, one of very few
non-conformist voices objecting to pervasive high frequency trading and
other type of quantitative market manipulation in the form of Flash Trading (which
has recently reemerged in yet another form of frontrunning known as "Hide
not Slide" practices) quote stuffing, and naturally latency arbitrage:
one of the most subversive means to rob the less than sophisticated investor
blind, due to an illegal coordination between market markers, exchanges and
regulators, which effectively encouraged a two-tier market (one for the ultra
fast frontrunning professionals, and one for everyone else). A week ago we were
amused to see that the SEC
charged the NYSE with a wristslap, one for $5 million dollars and where the
NYSE naturally neither admitted nor denied guilt, accusing it of doing
precisely what we said it, and all others, had been doing for years: namely getting paid by wealthy traders, those using the prop data feed
OpenBook Ultra and other paid systems, to create and perpetuate a two-tiered
market, all the while the regulator, i.e., the SEC was paid to look the other
way. This action was nothing but a desperate, and futile,
attempt to regain some investor confidence in the market. It has failed, and
since said "enforcement" action has done nothing to restore
confidence, expect to see more exchanges slapped with fines for actively
perpetuating latency arbitrage opportunities for "some" clients.
Well, since the SEC will be desperate to come up with more means of
"restoring credibility" of both the market and its regulator, another
exchange it may want to look at is the NASDAQ, which as Nanex demonstrates, may
well have been engaging in comparable (most likely not pro-bono) latency
arbitrage benefiting some: those paying for its direct feed aka TotalView, and
thus not harming others, or those relying on the Consolidated Feed (UQDF) for
data dissemination.
On
Santelli's Queasiness About Bernanke's Quantitative-Easiness Between CNBC's
Rick Santelli and PIMCO's Mohammed El-Erian, this brief clip succinctly sums up
the 'less than ideal' reality of Bernanke's all-in bet and how the world is
trying to 'trade' it. Santelli analogizes: "Visualize the biggest fire hose in the world, 20 miles away from
a little Geranium plant? Now this hose is going and going and going, and
ultimately, that Geranium plant gets a little bit of water but everything
around it and leading up to it for miles around is just underwater. That's QE,
in my opinion." To which El-Erian retorts: "at what point
do you tell investors stop focusing on the benefits and make the collateral
damage the investment theme?" It seems, given gold's outperformance,
that this is exactly what is occurring as the hose-pipe's flood spills out
everywhere.
Art
Cashin And Dick Fisher Expose The Farce That America's Corrupt And Bought
Congress Has Become Dick Fisher speaks: "Just recently, in a hearing
before the Senate, your senator and my Harvard classmate, Chuck Schumer, told
Chairman Bernanke, “You are the only game in town.” I
thought the chairman showed admirable restraint in his response. I would have
immediately answered, “No, senator, you and your colleagues are the only game
in town. For you and your colleagues, Democrat and
Republican alike, have encumbered our nation with
debt, sold our children down the river and sorely failed our nation. Sober up.
Get your act together. Illegitimum non carborundum; get on with it.
Sacrifice your political ambition for the good of our country—for the
good of our children and grandchildren. For unless you do so, all the monetary
policy accommodation the Federal Reserve can muster will be for naught.”"
Presenting:
President Inflation …regarding
wobama/bernanke QE/currency debasement… It seems implicitly that Meyer Rothschild's famous
quote: "Let me control a peoples'
currency and I care not who makes their laws" has never
been more true. Or perhaps, the odds can be gamed to become
self-confirming (just as with HFT in stocks) - especially given the volume
surge?
Romney releases 2011 tax return, paid IRS 14.1 percent {
Average for americans is 13% … let’s talk about wobama’s record … of
unequivocal failure … the real, ineluctable and ultimate issue he’s been trying
to divert attention from … People must realize 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
(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 now greater than ) $211 trillion’ … ) }
President Obama Falsely Claims Fast and Furious Program "Begun
Under the Previous Administration"
Obama's
Legacy: A Failed Recovery & Double-Dip Recession Forbes / Mariotti ‘…At some point, his statute of
limitations on blaming Bush runs out…’
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!
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 jackson, jr., suffers from psychological disorder(s).
Indeed, at the least, from psychogenic/dissociative amnesia that makes the
aforementioned facts beyond the grasp of his ‘current unreality’. I also
believe that his heavy near everyday powerful pot (choom) use took its toll on
his cognitive functions that have facilitated his outlandish claims and
outright fabrications; exactly what the nation cannot afford in these
critical/perilous times! }
Obama Blames GOP for Inability to Pass Immigration Reform {
Riiiiight! Along with all wobama’s other broken campaign promises, some within
his executive branch exclusive control, ie., those promised prosecutions of the
biggest wall street frauds that never came, etc.. Always somebody else’s fault
according to wobama the no accountability man, who motto is the debased buck
stops with anyone but him. How pathetic! }
84
Statistics That Prove The Decline Of The Middle Class Is Real And That It Is
Getting Worse
http://albertpeia.com/84statsdeclinemidclassrealgettingworse.htm
IT’S
OFFICIAL: It’s Been Announced That ‘Currency Wars’ Are Back On
Business Insider |
Brazilian Finance Minister Mantega has just blasted the Fed’s QE3
policy for setting off “Currency Wars”.
Have
the Last 5 Years Been Worse than the Great Depression?
9-20-12 Is
America The Most Materialistic Society In The History Of The World? http://albertpeia.com/americanmaterialism.htm
{ When it comes to american fortunes especially; particularly, ie., fraudulent
wall street-made fortunes, though there are otherwise some exceptions, that old
adage displayed at the beginning of one of Francis Ford Coppola’s masterfully
done mafia movies, viz., ‘Behind every fortune a crime’, is apposite. } , The richest and poorest U.S. cities by income http://albertpeia.com/25uscitiesbyincome.htm , 10
Quotes From Financial Experts About The Effect That QE3 Will Have On Gold And
Silver http://albertpeia.com/10quotesfromfinancialexpertsreqe.htm
, Forget About QE… I’m Worried About UC September
20, 2012 http://gainspainscapital.com http://albertpeia.com/qeconsequences.htm
‘…Inflation
is back in a big way. It’s not going to show up in the official
numbers, but if you’ve paid for gas or food or healthcare
recently, you’ve no doubt noticed that: A)
Things are a lot more expensive B) You get way less bang for your
buck (food packages are shrinking while prices remain the same) This has been
the case for some time now. However, the Fed’s QE 3 program, combined
with the ECB’s OMT program, (both of which are “open
ended”
or “unlimited”
in scope), have taken things to a whole new level. Which is why we need to be
concerned not with QE, but with UC: Unintended Consequences. The Fed is largely composed of academics with little if any
professional/ banking experience. These are people who use flawed data (case in
point, the inflation measures in the US are a joke) to build models that they believe explain
how reality works…’
, Bernanke
Fails At Herding Cats Again As Market Simply Front-Runs The Fed... Again Zerohedge.com Once again, the unintended
consequences (or fundamental flaw as we
noted previously) remain front-and-center, just as with prior episodes of
QE, we have seen the market surge into the very assets that the Fed has
promised to buy (in this case into Eternity). 30Y current coupon mortgages spread to 10Y Treasuries has fallen -
rather stunningly - below 20bps. An all-time record low by a mile.
Homebuilders and broad equity markets are not so excited as in his failed
attempts to drive people into risky assets (stocks), those 'smart' people have simply front-run the Fed's MBS buying deluge
- more than willing to sell the market back to the Fed while reaping some
additional yield. , The
Payoff: Why Wall Street Always Wins {and everyone else loses} - An Excerpt ‘...the pushback from Wall Street was intense and
multi-pronged. The Blob oozed through the halls of government, seeking, through
its glutinous embrace, to immobilize the legislative and regulatory apparatus,
thereby preserving the status quo. The executive jets of the Wall Street air
force flew sortie after sortie, transporting high-ranking emissaries from new
York to Washington to meet with the SEC, [Senator Chris] Dodd and [Senator
Richard] Shelby staff, and the staff of other senators on the Banking
Committee. Some of the executives, no doubt less enthusiastically, even met
with Josh and me. The research companies and market experts Wall Street employs
also raised their voices against us. At times it got ugly. Ted was called a
crackpot and dangerously uninformed. He was accused of “politicizing” market
regulation (a strange notion considering he wasn’t running for election). It seemed as if Wall Street,
which wasn’t used to someone on Capitol Hill asking in-depth
questions about arcane issues, wished to silence or marginalize its critics.
Industry people would always ask me, “What got Kaufman so interested in this stuff?” Used to
politicians whose top priorities were to please their home-state business
interests and raise money, they had trouble fathoming that Ted was so
interested because it was the right thing to do. He believed in fair markets.
And because he was genuinely concerned about emerging issues that threatened
the stock market, where half of all Americans keep a sizable portion of their
retirement savings.’ , Jim
Grant: We Are Now All Labrats Of Bernanke And The Fourth Branch Of Government
‘.."The Experiment
Economy".."We are all
living in a land of speculation and manipulation" is Grant's
summary of the current predicament of anyone who wishes to trade these
"markets" and it may as well be the best synopsis of the New
(ab)normal..’ , Guest
Post: How to Navigate An Economy Weighed Down By Government Meddling and
Cronyism , Meet Robert
Rubin: The Man In Charge … of failure , Art
Cashin's Post Mortem On Japan's Now Failed QE 8 , Philly
Fed Posts Fifth Consecutive Negative Print, As Hopium Soars By Most Since 1991 The Philly Fed's current September Business
Indicators index, long ignored when bearish and cheered when bullish, came
slightly above expectations of -4.5, printing higher from last week's -7.1 to
-1.9. This was the fifth consecutive negative print. And while there were no
major highlights in the index, whose New Orders rose from -5.5 to 1.0 at the
expense of Shipments and Inventories, both of which imploded to worse then -20,
the real story is the Six Months expectations index, which exploded from 12.5
to 41.2: this was the biggest spike may not
ever, but certainly in the past 22 years! Is there any wonder why everyone is
transfixed with hope that Q4 will be the deus ex that saves the US economy. And
so we are back to being a hopium driven economy - when reality sucks, there may
not be much change, but there
is always hope that
finally, the central planners will get it right, and the future will be so
bright you've gotta wear Made in China shades. One word of caution: if the so
very much anticipated and 100% priced in Q4 recovery does not
materialize, and with the fiscal cliff and debt ceiling issues still unresolved,
get the hell out of Dodge, as the spread between hope and reality comes
crashing.
Bad News Is Bad
News Again We explained
last week why the initial exuberance from QEternity was likely to fade
since it basically removed all suspense from futures FOMC announcements - i.e.
that bad news would once again become bad
news as opposed to bad news stoking the hopes or more-er QE. Well this
morning's bad news - to wit: China PMI, Europe PMI, and US initial claims - has
indeed had a detrimental impact on S&P futures as they approach fresh post-FOMC lows.
, Odds Of
Avoiding Recession: One In Thirty
, Initial
Claims Print Is So Bad, It Is Actually Good, That Market Sees It As Bad Today's initial claims print was the 5th
week out of 6 in which expectations missed: instead of coming in at the
consensus number of 375K, down from last week's 382K, the BLS reported a miss
to expectations of 7K, resulting in a seasonally adjusted number of 382K, or
what is now once again secular shift higher. But, wait big miss was actually
good news: why? Because the ever data-massaging BLS was kind enough to revise
last week's print upward (for the 86th week in a row) from 382K to
385K (just as we predicted last week) which in turn led to such farcical
headlines as " U.S. weekly jobless claims drop slightly to 382,000"
from the WSJ. And so bad news is now great headlines: Orwell would be proud.
Here is an alternative and realistic headline: "Initial Claims Rise Post
Next Week's Upward Revision."
, Bank Of
America To Fire 16,000 By Year End
, The New Con:
Three-Card-Mario
Submitted by Tyler
Durden on 09/20/2012
For all those who thought the smooth-talking,
avuncular Goldman operative Mario Monti would never lie when he said
"Italy is fine", we have some bad news. He did:
9-19-12 It’s Time to Air Out Ben Bernanke’s Dirty Laundry http://albertpeia.com/rainmanhelicopterbensdirtylaundry.htm , What
Mitt Romney Also Said: A Glimpse Of The Endgame? ZeroHedge.com http://albertpeia.com/mittalsosaid.htm , 'Krugman's
Kryptonite' Pedro Schwartz On Creating Money Out Of Thin Air "A
serious inflationary disaster will only be prevented if governments succeed in
reducing their deficits and stop selling bonds" is how the
infamous
destroyer of Krugman, Pedro Schwartz, describes the dangerous 'tennis
match' being played between The Fed and The ECB. In an excellent interview with
GoldMoney's James Turk, the Spanish 'Austrian' economist talks about bank
regulation, the creation of money out of thin air, and the beauty of a trult
free market system. From fictional reserve lending to the fragility (and
boom-bust cycles) of our financial system, the mild-mannered
'Keynesian-Krusher' concludes that "there has to be a change in social mentality - so that people realize
that nothing is free, and the government has to shrink." , The
Fate Of The Rally Now Rests In The Hands Of The US Consumer A funny thing happened on the way to
QEternity - multiples expanded by an aggressive 2x to reach their highest in
two years as the print-gasm hope was 'priced in' to the nominal value of the US
equity indices (and fundamentals didn't matter). During this period, which was
all about anticipation of the Fed, the real economy (that is earnings and
revenues) have been disappointing. From here, now that Ben has blown his
eternal wad, it is up to EPS and multiples - which leaves us with a little
problem. As the chart below shows, the next few quarters are the very picture
of hopes, dreams, and unicorns as Q4 EPS
is somehow magically expected to stop a straight line decline in YoY profits -
and soar by 10%. The driver of this miracle is the good old US
Consumer - as discretionary spending now accounts
for 100% of the expected EPS growth and 300% of the revenue growth for the
post-election, pre-year-end extravaganza that is the lame-duck
'fiscal-cliff'-denying lead up to the holidays. As we said yesterday,
either you believe in math or you believe in magic. , Bonds Up, Stocks Up
(Just) Equity markets drifted from
an unch open to the overnight post-BoJ highs - albeit in an 8 point range and
low volumes once again, before giving
it all back in the last few minutes - as it dumped to VWAP (again!!). In
other 'real' markets, Treasuries
rallied - led by the long-bond playing catch up, the USD
sold off on the day - aside from a post-BoJ recovery higher which was dissolved
into the US day session open, Gold/Silver/Copper inched higher as the USD
weakened but Oil continued its post-QE ritual
sacrifice - now down 5.5% from pre-FOMC (back under $92) as
the Saudi's promise more supply and the IEA build was heavy. Credit markets
underperformed - but we suspect this was pre-roll moves and is not too
signal-prone. Some standouts in the unreal world of our efficient equity
markets, JCP's remarkable rip-and-dip, AAPL's rapid devolution from record
highs to VWAP and an unch close at the last minute on huge volume, and QCOR's
multiple-halt day ending down 48%. VIX (fell modestly) and the S&P 500
are back in sync and tracked each other all day. After the day-session close (small green), S&P futures drifted
further down and ended practically unchanged - on a heavy volume push. , Norfolk
Southern, Adobe Cut Outlook , South
African Violence Returns As All Miners Demand Pay Hike , Sentiment
Nearing Record Bullishness While we
are bombarded with talking heads telling us that there is money-on-the-sidelines
and everyone is so bearish with the market climbing a wall of worry, the
reality - as we see across multiple asset classes - is that investors are
overweight risk assets (e.g. credit investors overweight IG and HY and mutual
fund cash at record lows), near-extreme
levels of bullishness (AAII and Put-Call Ratios), near extreme levels of
non-bearishness (AAII), and yet credit investors believe markets are overvalued
(though still buying) even as IG and HY bonds are seeing near-record highs in
advance-decline. , Gundlach
Is Not A Fan Of Socialism, Thinks Apple Is "Over-Bought" "the obsession with Apple is a truly remarkable social phenomenon - the
stock is over-believed and over-bought. There is NO exit for the Fed, QE3
will be ineffective, and it is more
likely that the Fed buys all the Treasury bonds that exist." , Guest
Post: The Inevitable Decline Of Retail
, Prepare
For A 15% Food Price Surge, Rabobank Warns
The record US, and global, drought has come and gone but its
aftereffects are only now going to be felt, at least according to a new
Rabobank report, which asserts that food prices are about to soar by 15% or
more following mass slaughter of farm animals which will cripple supply once
the current inventory of meat is exhausted. From Sky
News: "The worst drought in the US for almost a century, combined with
droughts in South America and Russia, have hit the production of crops used in
animal feed - such as corn and soybeans - especially hard, the report said. As a result farmers have begun slaughtering more pigs and cattle,
temporarily increasing the meat supply - but causing a steep rise in the price
of meat in the long-term as production slows.
"Farmers producing meat are simply not making enough money at the moment
because of the high cost of feed," Nick Higgins, commodity analyst at
Rabobank, told Sky News. "As a result they will reduce their stock - both
by slaughtering more animals and by not replacing them." Somewhat
ironically. food prices are now being kept at depressed prices as the
"slaughtered" stock clears the market. However once that is gone look
for various food-related prices to soar: a process which will likely take place
in early 2013, just in time to add to the shock from the Fiscal Cliff, which
even assuming a compromise, will detract from the spending capacity of US (and
by implication global) consumers. , Guest
Post: The Trouble With Printing Money
, ECB
Debasement Is Akin To Work Of Devil – Risk Of “Rapid
Currency Depreciation” , August
Housing Starts Less Than Expected, Rise From Downward Revised Print , JPY10
Trillion Intervention Half-Life: 5 Hours; Full Fade: 9 Hours , Chinese
Protesters Chant "Down With US Imperialists", Attack Car Of US
Ambassador In Beijing
Submitted by Tyler Durden on 09/19/2012
The Trouble with
Printing Money
peakprosperity.com | QE3 reflects a colossal failure to address our
predicament.
Michael Snyder | The Federal Reserve is absolutely crushing savers
and is systematically destroying Social Security.
“Dollar
Index Headed for Rapid Collapse” Over Next 3 to 4 Weeks
Mac Slavo | If you think the Federal Reserve’s
quantitative easing will only affect the US dollar, think again.
Fake Gold
Bars Are Being Sold In New York
Business Insider | The Secret Service is reportedly investigating the
matter.
Beijing hints
at bond attack on Japan
London Telegraph | A senior advisor to the Chinese government has
called for an attack on the Japanese bond to bring the country to its knees.
9-18-12 Draghi and
Bernanke’s Worst
Nightmares Are About to Unfold ‘…they’ve
both failed…’ http://albertpeia.com/draghibernankeworstnightmare.htm ,
MARKET WATCH HEADLINES http://albertpeia.com/marketwatchheadlines.htm , The
Federal Reserve Is Systematically Destroying Social Security And The Retirement
Plans Of Millions Of Americans http://albertpeia.com/feddestroyingsocialsecurity.htm , Tungsten-Filled
10 Oz Gold Bar Found In The Middle Of Manhattan's Jewelry District ZeroHedge.com It is one thing for tungsten-filled gold bars to appear
in the UK, or in Germany:
after all out of sight, and across the Atlantic, certainly must mean out of
mind, and out of the safe. However, when a 10 ounce 999.9 gold bar bearing the
stamp of the reputable Swiss Produits Artistiques Métaux Précieux (PAMP, with owner MTP) and a serial number
(serial #038892,
likely rehypothecated in at least 10 gold ETFs across the world but that's a
different story), mysteriously emerges in the heart of the world's jewerly
district located on 47th street in Manhattan, things get real quick. Moments
ago, Myfoxny
reported
that a 10-ounce gold bar costing nearly $18,000 turned out to be a
counterfeit. The discovery was made by the dealer Ibrahim Fadl, who bought the
PAMP bar in question from a merchant who has sold him real gold before.
"But he heard counterfeit gold bars were going around, so he drilled into
several of his gold bars worth $100,000 and saw gray tungsten -- not gold. The
bar was filled with tungsten, which weighs nearly the same as gold but costs
just over a dollar an ounce." , Bundesbank's
Weidmann Likens Draghi's OMT To "Devil's Work" , Bernanke, The Blind
Archer , Guest
Post: Corporate Profits Squeeze For Large Caps , Your
Taxes At Work: All You Need To Know About Who Pays What Taxes In The US since the charts speak for themselves. From
Buffett to a Burger-flipper, everyone has a view - driven in large part by
their anchoring bias of who they choose to listen to. The graphics below will
help, we hope, to clarify that thinking - whether you are the 1%, 47%, or
99%... , Bond
Wars: Chinese Advisor Calls For Japanese Bond Dump , Taylor
Rule Says The Fed Should Be Tightening Now , The
One Chart That George Washington Would Not Want To See … the median
net worth of the middle class has plunged 28% since 2000 back to early 90s
levels (while the ruling class is up around 1%) and the
lower tier down around 45%. Forget the lost decade, watch these 90 seconds to
get a clue and see that Japan is not the only nation suffering under 20 years
of subjugation. , US
Totalitarian State Wins After All: Obama Reinstates NDAA Military Detention
Provision ‘…as Russia Today reports,
a lone appeals judge bowed down to the Obama
administration late Monday and reauthorized the White House's ability to
indefinitely detain American citizens without charge or due process. On
Monday, the US Justice Department asked for an emergency stay on the previous
Chris Hedges'-driven order, and hours later US Court of Appeals for the Second
Circuit Judge Raymond Lohier agreed to intervene and place a hold on the
injunction. The stay will remain in effect until at least September 28, when a
three-judge appeals court panel is expected to begin addressing the issue. It
would appear the total fascist takeover of Amerika is drawing nearer by the
day. , Head
Of MF Global Equity Derivatives Trading Launches Hedge Fund Several weeks ago we learned that 2011's
vaporizer extraordinaire Jon Corzine is contemplating starting
his own hedge fund: presumably one that invests all its capital in Italian
2 year bonds, charges 2 and 20, and then disappears when all LP capital blows
up in an AUM supernova. Today, we learn that the stigma freeze associated with
all other former MF Global trading whizkids has officially melted, as the
former head of equity derivatives of MF Global has just launched a new hedge
fund. From Bloomberg: "Daniel Bystrom, former head of equity derivatives
trading at MF Global Inc., and Neil Boyarsky plan to start Hawksfield Capital
LLC, a New York-based equity volatility hedge fund, by the end of this month.
Hawksfield Capital will start with $10 million to $20 million of Bystrom and
Boyarsky’s own money, as well as capital from friends and
family, Bystrom said in a telephone interview. “The fund will deliver returns that are uncorrelated
and often negatively correlated to the returns of the typical hedge- fund
strategy,” Bystrom said. “The opportunity set expands dramatically in times of higher
volatility, when most other asset classes are not performing well.” Such as
the stock of MF Global perhaps? , Some
Shocking Perspectives On Inflation And Currency Destruction By None Other Than
The Federal Reserve Going back to
the FOMC's own archives reveals some truly stunning disclosures arising from
none other than the Federal Reserve on the topics of inflation, currency
"debauching", money creation, and what it would take for the
Communists and Stalin to win. "I
agree with you entirely that the Soviet dictators would like to bring about our
economic collapse and, as you know, inflation is perhaps the greatest force for
arraying the various sectors of a capitalistic economy against each other. John
Maynard Keynes stated in his 'Economic Consequences of the Peace' (1919): 'Lenin is said to have declared that the best way to destroy the
Capitalist System was to debauch the currency...Lenin was certainly right. There is
no subtler, no surer means of overturning the
existing basis of Society than to debauch the currency. The
process engages all the hidden forces of economic law on the side of
destruction, and does it in a manner which not one man in a million is able to
diagnose.'" , The Fed's
Financial Repression 'Game'
Fed’s
‘QE-Infinity’ Will Push Gold Up to $2,400: Pro
CNBC | Guy Adami: “Since the Roman Empire, all fiat currencies have
ended poorly.”
Max Keiser:
Ultimate QE3 Meltdown
Infowars.com | Max Keiser reveals the true financial agenda
behind QE3.
Michael Snyder | The mainstream media is hailing QE3 as a great
victory for the U.S. economy.
Russia
Forgives $11 Billion In North Korean Debt
Business Insider | The deal could also help pave the way for a new
gas pipeline.
As
The China-Japan Conflict Escalates, Whom Will The US Support?
Zero Hedge | In the end only one thing will matter. Money, or
more specifically, debt and credit formation.
Here
Are The 47% Of The Population Who Don’t Pay Federal Income Tax
Business Insider | The 47 percent number presumably refers to the
percent of the population who don’t pay Federal Income Taxes.
Obamacare
to cause massive job losses across food service industry
J. D. Heyes | Obamacare is set to claim another casualty – the food
service industry.
9-17-12 How
QE3 Will Make The Wealthy Even Wealthier While Causing Living Standards To Fall
For The Rest Of Us http://albertpeia.com/qe3wealthywealthiertherestpoorer.htm , Where
We Are and Where We’re Going
(Week of September 17, 2012) http://gainspainscapital.com http://albertpeia.com/hereandthere.htm , ‘My
sense is [QE3] is going to have a greater effect on inflation
and a minimal impact on jobs.’—Jeffrey Lacker
President , Richmond Federal Reserve Bank
, Dave’s
Daily: http://etfdigest.com ‘MARKETS TAKE A BREAK 9-17-12 China stocks were hit hard yesterday with Shanghai indexes
weaker by 2-2.5% and down to levels not seen since 2009. Much of this has to do
with leadership uncertainty as a changeover is at hand. The current government
seems caught between stimulus given weakening economic data and inflation
concerns occasioned by food, energy and housing prices. This data in turn
caused eurozone stocks to fall which then
hurt U.S. markets. In the U.S. the poor Empire State Mfg Survey results (-10.41
vs -2.00 expected & prior -5.85) continues to indicate economic
contraction. For bulls this may be QE friendly (“bad news is good” theme) but given the rally already experienced caused
some profit-taking.We should remember previous QE
programs haven’t succeeded
in solving the economy’s primary
problems—unemployment
and protecting the purchasing power of the dollar (energy & food). I would
say the bloom isn’t off the QE
rose just yet but markets were much overbought and needing a break with some
reflection.Not tolerating any break is the real U.S. stock market doing
business as Apple (AAPL) which continues to
ignore its lesser members and rally. It’s said nearly 2M new iPhone 5s were ordered already. Imagine
all the new phone plans buyers have to negotiate. Many Americans previously
tied down by car debt (and still are) now have cell phone provider debts to
deal with as well.Everything that was up last week begins this week lower and
vice versa. There may have been some kind of trading event at the CME regarding
crude oil which dove sharply in minutes. The
pulled other commodity prices sharply lower as well. Analysts were hard-pressed to explain it.Volume Monday returned to its former light volume ways
perhaps highlighting a new normal. Breadth per the WSJ was negative relieving
some short-term overbought conditions.’ , University
of Colorado prediction model points to big Romney win Read more: http://dailycaller.com/2012/08/23/university-of-colorado-prediction-model-points-to-big-romney-win/#ixzz26ZnrMS7E , How
China's Rehypothecated "Ghost" Steel Just Vaporized, And What This
Means For The World Economy
Zerohedge.com One of the key
stories of 2011 was the revelation, courtesy of MF Global, that no asset in the
financial system is "as is", and instead is merely a copy of a copy of a copy-
rehypothecated up to an infinite number of times (if domiciled in the UK) for
one simple reason: there are not enough money-good, credible assets in
existence, even if there are more than enough 'secured' liabilities that claim
said assets as collateral. And while the status quo is marching on, the Ponzi
is rising, and new liabilities are created, all is well; however, the second
the system experiences a violent deleveraging and the liabilities have to be
matched to their respective assets as they are unwound, all hell breaks loose
once the reality sets in that each asset has been diluted exponentially.
Naturally, among such assets are not only paper representations of securities,
mostly stock and bond certificates held by the DTC's Cede & Co.,
but physical assets, such as bars of gold held by paper ETFs such as GLD and
SLV. In fact, the speculation that the physical precious metals in circulation
have been massively diluted has been a major topic of debate among the precious
metal communities, and is the reason for the success of such physical-based
gold and silver investment vehicles as those of Eric Sprott. Of course, the
"other side" has been quite adamant that this is in no way realistic
and every ounce of precious metals is accounted for. While that remains to be
disproven in the next, and final, central-planner driven market crash, we now
know that it is not only precious metals that are on the vaporization chopping
block: when it comes to China, such simple assets as simple steel held in
inventories, apparently do not exist. , It's Just Getting
Stupid! As Cantor's Peter Cecchini
notes today "when things are this
senseless, a reversion to sensibility will occur again at some point." His view is
to be long vol and as the disconnect between the economic cycle and stocks
continues to grow, we present three mind-numbing charts of the exuberant
hopefulness that is now priced in (oh yeah, aside from AAPL actually
selling some iPhones in pre-order). Whether it is earnings hockey-sticks,
global growth ramps, or fiscal cliff resolutions, it seems the market can only
see the silver-lining. We temper that extreme bullish view with the fact that all
the monetary policy good news has to be out now - for Ben hath made it so with
QEternity. , Goldman
On The Fiscal Cliff: Worse Before It Gets Better As we have explained recently, the US fiscal cliff is a far more
important issue 'fundamentally' than the Fed's economic impotence. While most
market participants believe some kind of compromise will be reached - in the
lame-duck session but not before the election - the possibility of a 3.5% drag
on GDP growth is dramatic to say the least in our new normal stagnation. As
Goldman notes, the window to address the fiscal cliff ahead of the election has
all but closed, the 40% chance of a short-term extension of most current
policies is only marginally better than the probability they assign to 'falling off the cliff' at 35%. The base
case assumptions and good, bad, and ugly charts of what is possible are
concerning especially when a recent survey
of asset managers assigned only a 17% chance of congress failing to compromise
before year-end. Critically, and not helped by Bernanke's helping
hand (in direct opposition to his hopes), resolution of the fiscal cliff will
look harder, not easier, to address as we approach the end of the year - and
its likely only the market can dictate that direction - as the "consequence is terrible, but bad enough to force a deal." , Markets Gone Wild UPDATE: Denial: *WHITE HOUSE'S CARNEY SAYS `NO CHANGE' ON OIL
RESERVES , Guest
Post: The Fed Has Failed, Failed, Failed
, Full
Summary Of The Latest In Anti-American Sentiment , Japanese
Businesses Shuttering Chinese Facilities As Mainland Anger Spreads , Empire
Manufacturing Index Prints At Lowest Since April 2009 Today's horrible piece of news, which at
least on the surface was supposed to send the market soaring, comes courtesy of
the Empire Fed Manufacturing Index, which printed at -10.41, the lowest print
since April 2009, down from -5.85, and well below expectations of -2.0. The
Index print confirmed the biggest 6 month drop since records began. The
components painted a dire picture for jobs, with the employment index sliding
from 16.47 to 4.26, New Orders tumbling from -5.50 to -14.03, while, wait for
it, prices rose, from 16.47 to 19.15. Re-stagflation here we come. Market for now
seems confused - since QE is priced into infinity, it is unclear if this latest
datapoint confirming a recessionary economy, QE can't be more-er infiniter.
Best to not respond to this, or any other macro news at all, which is precisely
what the market has done. For those who missed it, not only has Bernanke doomed
the global economy to stagflation and imminent food riots, while making the
richest 0.001% richer than ever, he has completely broken any linkage between
the economy and the market. , Faber:
Own Gold – “Don’t Store It In The U.S., The Fed Will Take It Away From You One
Day”
Guest Post:
Dagan vs Netanyahu A regional war
in the Middle East could result, potentially sucking in the United States and
Eurasian powers like China, Pakistan and Russia. China and
Pakistan have
both hinted that they could defend Iran if Iran were attacked — and for
good reason, as Iran supplies significant quantities of energy. And with the
American government deep in debt to foreign powers like China who are broadly
supportive of Iran’s regime, America’s ability to get involved in a war on Israel’s behalf is
highly questionable. And even without a war, further hostility and tension
between America and her creditors would surely result in an even faster rush
toward more bilateral
and multilateral agreements to ditch the dollar for trade, something
that America will almost certainly seek to avoid. So even with a President in
the White House significantly more sympathetic to Netanyahu than Obama, America
may find herself constrained by the realities of global economics, and unable
to assist Israel. Most discouragingly, such a high risk operation seems to
offer very little reward — a successful Israeli strike on Iran is estimated to
set back Iran’s program by only one to three years. And such
an operation would likely require bombings over many days and in many
locations. If Netanyahu wishes to go ahead with such a scheme then that is his
prerogative. But if he will not listen to Dagan’s wise counsel, why should the West rush to his aid
if his scheme backfires?
9-14-12 The Fed’s
QE 3 Program: Short Term Thinking For Long-Term Pain September 14,
2012 http://gainspainscapital.com http://albertpeia.com/shorttermthinkinglongtermpain.htm { The problem is, it’s not even sound
short-term thinking. Oh sure, the fraudulent churn and earn markets are loving
this, yet some see this ‘non-economic’, costly obfuscating scam for its real
effect and detriment; ie., Egan-Jones downgrades U.S. rating on QE3 move , etc.. } Yesterday
the Fed announced QE 3: an open ended program through which the Fed will
purchase $40 billion worth of Mortgage Backed Securities every month until it
decides that the world is right again. The
implications of this are severe. However, the first question we have to ask is,
“why now?”After all, stocks were already at 4-year highs, food and energy
prices were soaring, interest rates were at record lows, etc. On top of this,
the Fed failed to announce QE 3 for over a year (QE 2 ended June
2011). Why announce it now? There are only two reasons: 1) Things are in fact far worse
behind the scenes than we know (the Fed HAD to do something to get more money
into the system) 2)
Politics ..…’
Egan-Jones downgrades U.S. rating on QE3 move By Wallace Witkowski
SAN FRANCISCO (MarketWatch) -- Egan-Jones Ratings Co.
said Friday it downgraded its U.S. sovereign rating to AA- from AA on concerns
that the Fed's new round of quantitative easing, or QE3, will hurt the U.S.
economy. The ratings agency said the Fed's plan of buying $40 billion in
mortgage-backed securities a month and keeping interest rates near zero does
little to raise GDP, reduces the value of the dollar, and raises the price of
commodities. "From 2006 to present, the US's debt to GDP rose from 66% to
104% and will probably rise to 110% a year from today under current
circumstances; the annual budget deficit is 8%," Egan-Jones said in a
note. "In comparison, Spain has a debt to GDP of 68.5% and an annual
budget deficit of 8.5%."
Egan-Jones downgrades U.S. rating to AA- from AA
Inflation worries push TIPS ETF to new high
BREAKING: Mo.'s Truman Bank is year's 42nd U.S. bank
failure
U.S. stocks trim rise after U.S. downgrade
Oil briefly tops $100 after Fed stimulus pledge
Dave’s Daily: http://etfdigest.com [ Anti-American fury sweeps across an inflamed Muslim world { Despite casting this as being over a film,
it’s not just
the film; but as well, blowback for innumerable policy missteps that ultimately
included direct or indirect acts of violence/aggression. These people are not
blind, nor are they utter fools despite america et als’ foolish
assumptions and presumptions to the contrary. } ] ‘…Economic
data released Friday would normally be significant but not in this QE “more money
than brains” environment. The CPI came in as advertised (.6% vs
.6% expected & prior .1%; “core” .1% vs.2% expected & prior .1%) but remains the
manipulated joke passed off as legitimate data. Retail Sales were also about as
expected (.9% vs .8% expected & prior .9%) but then comes more comedy as
Retail Sales ex-gas & autos (.1% vs .4% expected & prior .8%) provides
a better picture. Industrial Production laid an egg (-1.2% vs 0% expected &
prior .5%) which is more difficult to manipulate. Consumer Sentiment jumped
(79.2 vs 73.5 expected & prior 74.3) but this too isn’t as
reliable a view as the Conference Board’s Consumer Confidence data which was crushed the
previously. Why the difference? The current data point is more heavily skewed
to stock prices. Lastly Business Inventories (.8% vs .5% expected & prior
.1%) you can draw two conclusions: companies are building inventory to meet
demand or they’re stuck trying to unload what has accumulated.The
infrequently modified DJIA dropped Kraft (KFT) and substituted United Health
Care (UNH) as the former is restructuring and spinning off subsidiaries. And,
as if it matters, lesser known but increasingly well regarded Egan
Jones downgraded U.S. debt once again from AA to AA- with the idea QE3 will
do more harm than good. (They’re so off the main narrative, eh?)So QE3 is in hand
and stocks followed through modestly higher led by financials (XLF), banks
(KBE) and materials (XLB). The dollar (UUP) continued its decline
(inflationary) while base (DBB) and precious metals (GLD & SLV) continued
to rise. Bonds (IEF) and (TLT) continued to decline. Volume continued to rise
Friday but we saw afternoon profit-taking as markets are short-term substantially
overbought. Breadth per the WSJ was positive once again…’
Stocks Are Not Cheap ZeroHedge.com 9-14-12
Valuations; stocks are cheap; money-on-the-sidelines; everyone's
bearish; trend is your friend. We've all heard them and we've all played them
but the following charts from Morgan Stanley will at least provide some nuance
of sense for those stunned into silence by a market seeing its nominal price
surging amid Bernanke blowing bubbles. The headline
is - with
real rates this low (and
staying low for a few more years yet) current P/E multiples are extremely high and even on a long-run empirical basis, hope remains excessive at
22xShiller P/E versus an average 16x. Remember, a
long-term investment is a short-term trade gone bad. But it seems for now that
you buy because you'll always be able to sell it back higher to the next smarter
dumber greater fool.
Submitted by Tyler
Durden on 09/15/2012
Here are some common-sense rules for
such a "new market":
1.
Every offer and bid will be left up for 15 minutes
and cannot be withdrawn until 15 minutes has passed.
2.
Every security--stock or option--must be held for a
minimum of one hour.
3.
Every trade must be placed by a human being.
4.
No equivalent of the ES/E-Mini contract--the futures
contract for the S&P 500--will be allowed. The E-Mini contract is the
favorite tool of the Federal Reserve's proxies, the Plunge Protection Team and
other offically sanctioned manipulators, as a relatively modest sum of money
can buy a boatload of contracts that ramp up the market.
5.
All bids, offers and trades will be transparently
displayed in a form and media freely available to all traders with a standard
PC and Internet connection.
6.
Any violation of #3 will cause the trader and
the firm he/she works for to be banned from trading on the exchange for
life--one strike, you're out.
Is such a retail-trader friendly
exchange possible? There would certainly be a nice profit in it, for
everyone who is tired of providing liquidity for HFT firms would flee the
existing exchanges in a New York minute.
BofA
Sees Fed Assets Surpassing $5 Trillion By End Of 2014... Leading To $3350 Gold
And $190 Crude , Rosenberg:
"If The US Is Truly Japan, The Fed Will End Up Owning The Entire
Market" ‘… The wealth effect may well stimulate
economic activity at the bottom of an inventory or a normal business cycle. But
this factor is really irrelevant at the trough of a balance sheet/delivering
recession. The economy is suffering from a shortage of aggregate demand.
Full stop. It just perpetuates
the inequality that is building up in the country, and while this is not a
headline maker, it is a real long term risk for the health of the country, from
a social stability perspective as well
, On
This Week In History, Gas Prices Have Never Been Higher , Egan Jones
Downgrades US From AA To AA- From
Egan-Jones, which downgraded the US for the first time ever last July, two
weeks ahead of S&P: "Up, up, and away - the FED's QE3 will stoke the
stock market and commodity prices, but in our opinion will hurt the US economy
and, by extension, credit quality. Issuing additional currency and depressing
interest rates via the purchasing of MBS does little to raise the real GDP of
the US, but does reduce the value of the dollar (because of the increase in
money supply), and in turn increase the cost of commodities (see the recent
rise in the prices of energy, gold, and other commodities). The increased cost
of commodities will pressure profitability of businesses, and increase the
costs of consumers thereby reducing consumer purchasing power. Hence, in our opinion QE3 will be detrimental to credit quality for the
US."
, Guest
Post: QE3 And Bernanke's Folly - Part I
, Inflation
Expectations Suggest 5% Inflation Is In The Cards ‘…there is a clear lag between the rise in
market-implied inflation and it showing up in the unicorn-laden CPI prints [ Actually, it’s just
plain understated, and, not the first time they’ve lied … ( 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…) ] - what this means is that given the hubris
of the Fed yesterday, market
expectations of inflation are inferring CPI could rise to over 5% within the
next 3 to 6 months. It will surely be difficult for Ben to
keep-on-buying ('Finding Nemo'-like) in the face of that kind of 'transitory'
rise in real data - though for now, real money remains bid as risk comes off a
little (even as the long-bond yield blows 26bps higher this week) - oh and CPI
and PPI jump their most in 3 years.’ , Germany
Opines: "Obama's Middle East Policy Is in Ruins" , Guest Post: This Is
Blowback ZeroHedge.com The YouTube
video depicting Mohammed is nothing more than the straw that broke the camel’s
back. This kind of violent uprising against American power and interests
in the region has been a long time in the making. It is not just the
continuation of drone strikes which often kill civilians in Pakistan, Yemen,
Somalia and Afghanistan, either. Nor is it the American invasions and
occupations of Iraq and Afghanistan. Nor is it the United States and the West’s support
for various deeply unpopular regimes such as the monarchies in Bahrain and Saudi
Arabia (and formerly Iran). Nor is it that America has long favoured Israel
over the Arab states, condemning, invading and fomenting revolution in Muslim
nations for the pursuit of nuclear weapons while turning a blind eye to Israel’s nuclear
weapons and its continued expansion into the West Bank.
Anti-American fury sweeps across an inflamed Muslim world {
Despite casting this as being over a film, it’s not just the film; but as well, blowback for innumerable policy
missteps that ultimately included direct or indirect acts of
violence/aggression. These people are not blind, nor are they utter fools
despite america et als’ foolish assumptions and
presumptions to the contrary. [ Guest Post: This Is
Blowback ZeroHedge.com The YouTube
video depicting Mohammed is nothing more than the straw that broke the camel’s back. This kind of violent uprising against American power and
interests in the region has been a long time in the making. It is not just the
continuation of drone strikes which often kill civilians in Pakistan, Yemen,
Somalia and Afghanistan, either. Nor is it the American invasions and
occupations of Iraq and Afghanistan. Nor is it the United States and the West’s support for various deeply unpopular regimes such as the monarchies
in Bahrain and Saudi Arabia (and formerly Iran). Nor is it that America has
long favoured Israel over the Arab states, condemning, invading and fomenting
revolution in Muslim nations for the pursuit of nuclear weapons while turning a
blind eye to Israel’s nuclear weapons and its
continued expansion into the West Bank. ]
}
Romney and the GOP still toe the Bush
line Republican leaders are
sick and tired of Democrats blaming all the nation's problems on George W.
Bush, and of being tarnished by the former president's legacy. { The problem
for the democrats is that, unfortunately for the nation and world, wobama’s
essentially followed dumbya bush’s failed legacy with few exceptions (ie.,
wobama/holder’s predisposed contraindicated favoritism/bias towards blacks
including black panthers, etc.). Indeed, many within ‘the fold’ include ‘bush
men’ (ie., mueller, bernanke, etc.); and comparable failed policies as, ie.,
protracted unnecessary war, profligate spending worse than bush, rule by
proclamation/executive orders, no prosecution of huge wall street frauds, etc.,
all contrary to campaign promises/b***s*** that got him elected, a mistake that
won’t be repeated this time around. }
9-13-12 Graham Eats Humble Pie September 13,
2012 http://gainspainscapital.com { This is an especially great opportunity to
sell this suckers’ market/take profits! Nothing’s been
solved! Just because ‘no-recession-helicopter-ben’ says
something, does not mean it’s true (remember that ‘no recession call’ of his; and, of course, no QE before the election,
prospectively, already discounted many times over by the ‘markets,
such as they are, ie., algo buy programs, etc.. ). All this and now ‘whatever’ is too little and too late for the uss Titanic which
has taken on too much, not water, but b***s***. This was a desperate move,
bespeaking desperation.The fact is things are ominously so bad, and worse than ‘allowed’ to be seen
for the moment, that something as this QE which is economically and financially
contraindicated and a proven failure for all but the frauds on wall street
along with their cohorts including desperate politicos, is resorted to in
desperation to divert attention from their unequivocal failure. After all,
though having cost so many americans their jobs with wrong calls and policies,
bernanke is trying to save his own by inflating the markets (along with
everything else, ultimately hyperinflationary)
for fellow failure wobama’s sake (wobama rehired failure bernanke, President
Romney would have fired, and will fire him … goldman sachs knew this dollar debasing failed
policy QE 3 would come and at the expense of the muppets…that’s their
term for all you suckers). I further believe this contraindicated largess to
the frauds on wall street is to preserve his post fedship tenure job
possibilities by ingratiating himself even further with those nefarious,
self-serving interest groups. } {Alas,
poor Graham…} ‘For months I’ve predicted we wouldn’t see QE 3. It’s now clear I was wrong. The Fed just announced QE 3.
And while the implications of this will not be positive for the cost of living
in the US, or ultimately the markets (inflation will eat away profit margins),
the fact of the matter is that on this forecast I was totally and completely
wrong. With that in mind, I’m openly admitting that this call was 100% incorrect.
Ditto for my predictions of the ECB’s moves. The ECB’s actions are of questionable value. However, the
fact remains that the ECB is monetizing bonds or will at least try to (unless
Germany stops them). So I was 100% wrong there too…’ , The Fed
Panicked Posted by: Econophile Post date: 09/13/2012 - The Fed panicked. It is extraordinary that the
Fed would announce an open-ended "we'll print as much as it takes, as long
as it takes" policy. Chairman Bernanke is sending a signal to the markets
and... ‘ , Dave’s Daily: http://www.etfdigest.com ‘FED IN FOR A PENNY IN FOR A POUND 9-13-12
Basically the Fed has gone too far done the money printing mode to stop
now. They believe what their policies will stimulate employment but all
operations in this regard have failed. The Bernank will spin this as an
apolitical move coming two months before an election that could cost him his
job…just sayin’.The highlights include: Fed to keep policies stimulative
for a considerable time. The Fed will buy $40 billion Mortgage Backed
Securities continuing Operation Twist and extends (aspirationally) ZIRP into
2015. The key language is the following sentence from the official
announcement:“If the outlook for the
labor market does not improve substantially, the Committee will continue its
purchases of agency mortgage-backed securities, undertake additional asset
purchases, and employ its other policy tools as appropriate until such
improvement is achieved in a context of price stability.”This
policy is intended to boost asset prices and prevent a Japanese style
deflationary cycle. No matter what they say, TPTB will always choose inflation
vs deflation every time. Thus far they’ve succeeded in supporting
their primary clients, the mega-banks. Beyond that these operations might see
liquidity trickle down to the 99%. For the rest of us now, it might be better to
just toss money out the window like the bank robbers yesterday. At least this
would go directly to the people, again…just sayin’.
Price stability which they believe exists, exits only in the conjured-up data
from the flawed structure of the CPI and other measures. My understanding is
there isn’t enough MBS debt around for them to buy
at $40 billion a month. Maybe they’ll start going to garage
sales to buy stuff thus pumping up prices. The bottom line for us is we’re
long markets from stem to stern so why should we complain? Being disciplined
and systematic is more important than raging at the machine. One thing QE has
done is to make a hash of normal technical analysis since “the
more money than brains” theme trumps everything. Let’s
just say everything was higher today with the exception of the dollar and
conventional bonds. Volume on this bullish QE day was much higher than recently
putting previous light volume melt-ups in the rear view mirror. Breadth per the
WSJ was quite positive but shy of a 90/10 overall…’, QE3:
Helicopter Ben Bernanke Makes It Rain Money http://albertpeia.com/debaseddollarfailedstrategy.htm ‘…The course that the Federal Reserve has set us on is
utter insanity. Ben Bernanke can rain money down on us all he wants, but
it is not going to do much at all to help the real economy. However, it
will definitely hasten the destruction of the U.S. dollar…’ , The
Punchline In His Own Words: Bernanke Advocates Blowing Asset Bubbles As The
Antidote To Depression
ZeroHedge.com If there was one
absolutely must see moment exposing everything that is broken with the
Fed's brand new policy of QE-nfinity, it was this exchange between Reuters' Pedro da Costa and the Chairman. It
explains, beyond a reasonable doubt, that the only goal the Fed now has is to reflate the stock market bubble
to previously unseen levels, to focus on generating jobs although not for
everyone but only for Wall Street, consequences be damned, because by the time
the consequences arrive, and they will (just recall that subprime is contained)
they will be some other Fed chairman's problem. Bernake's term mercifully runs
out in January 2014 , Up In case you missed it. Markets soared on the
back of possibly the darkest day in central-planning banking largesse. Gold and Silver were the biggest winners, though
stocks will get all the attention we are sure. Treasuries initially sold off on
the news that this was an MBS program (and mortgage spreads collapsed from already record tights) but by
the close, Treasury yields had almost round-tripped to pre-FOMC levels. For the
first hour or so after the news, all assets moved in sync and correlations
soared across risk-assets, but as the afternoon wore on, FX carry consolidated,
Treasuries retreated (and 2s10s30s fell), dragging risk lower leaving stocks up near their highs in a world of unicorns
and free-money. Notably, it appeared that stocks caught up to
high-yield credits' recent exuberance and then found little ability to push
ahead. HYG (the high-yield bond ETF) remains notably rich to real bond prices. VIX tumbled under 14% (down almost 2 vols) but notably the term
structure of vol collapsed even more - as it seemed the QuEnfinity prompted
longer-term hedges to be lifted. A remarkable day in many ways as the
S&P crosses over 14x P/E and AAPL over 20% of the Nasdaq-100. , Guest Post:
Psychoanalyzing The Fed There is one last irony in Bernanke's constant promotion of his powers
to unleash QE. Having talked up the market for years with his
promises/threats of QE, the market has priced in ever higher doses of QE, in
effect bidding expectations of QE's effectiveness to the sky. Bernanke has lost
the power to surprise the market. Having raised expectations to the sky, he
must deliver something beyond the stratosphere to surprise the market. But he
doesn't have anything capable of matching the absurd expectations he's
inflated, never mind exceed them. The
only surprise left is a negative one. Chairman Bernanke and his fellow
doves will soon realize the consequences of over-promising and
under-delivering. It works better the other way around, but now it's too
late. , Fed
Releases Latest Economic Forecast Which Will Be Proven 100% Wrong With a few minutes to go until Ben speaks,
the entirely useless projections are out (as noted before by Reuters that the
Fed has been constantly wrong in its forecasts). The stunning punchline is that
according to the Fed things are not as bad as one would have expected given the
dramatic open-ended shart-fest that Bernanke is portraying. In fact, things are
improving per the FOMC! Though we assume that these projections are
self-defeating since they likely include this new policy. Be interested to see
the pre-policy projections.
One wonders, whether in addition to having excel
models which appoarently do not recognize circular assumptions, if the Fed's
forecasts also assume $10 gas, $100 loaves of bread, and $10,000 gold?
I THINK IT IS TIME TO RECOGNIZE THAT
BERNANKE IS TOTALLY BURNED OUT IF NOT ABSOLUTELY INSANE (YOU RECALL THOSE
PROPAGANDA ROUNDS AT THE SCHOOLS, ETC.; THOSE CAPTIVE AUDIENCES WHO COULDN’T CARE LESS). HE IS TOTALLY INCOMPETENT! THE FACT IS, BEYOND THE BLATANT
FAILURE OF HIS CONSISTENTLY FAILED POLICIES, HE STILL TALKS OF ‘GROWTH’ AS BEING SOMETHING OTHER THAN THE
INFLATIONARY IMPACT OF INFLATIONARY QE AND UNDERSTATED INFLATION AND HIGHER
PRICES THEREBY. IT’S REALLY QUITE INCREDIBLE THAT ANYONE
BELIEVES ANY OF THEIR B***S***!
9-12-12 Where Would
the S&P 500 Be Without Fed Intervention? September
12, 2012 http://gainspainscapital.com http://albertpeia.com/snpfed.htm‘We’ve entered
a truly dangerous environment in the financial markets. Economic fundamentals
are deteriorating rapidly. Consider the US…By all counts, the latest ISM (a measure of
manufacturing in the US) was a complete and total disaster. In August the ISM
hit 49. Anything below 50 is considered a recessionary rating.However, things are
even worse below the surface. The ISM is made up of several components. Its
Production component is back to May
2009 levels. The New Orders component is back to April 2009 levels. And worse of all, Prices Paid is up to 54, up from
a reading of just 39 in July. In very simple terms this tells us that
inflation appears to be hitting “lift off” in the US at the very same time that we are entering
another recession that could potentially be on par
with that of 2008. And with corn and soybean prices at or near record
highs, we could be on the verge of a stagflationary disaster combined with a
food crisis at the very same time. We get additional confirmation of a major
economic contraction from corporate earnings. Recently we’ve seen
earnings forecast cuts from Fed Ex, Bed Bath and Beyond, Proctor and Gamble,
Adobe, Starbucks, McDonald’s and more. Indeed, when you remove financials,
S&P 500 earnings FELL year over year for 2Q12. This is hardly indicative of
a strong economy. The fact a record number of Americans are on food stamps
doesn’t bode well
either. And the Rasmussen Employment Index indicates worker confidence is at
levels not seen since the FALL OF 2008! Against this backdrop, stocks have
rallied higher and higher on hopes of more liquidity from global Central Banks.
As a result, the market has completely disconnected from underlying economic
realities. Based on the business cycle alone, the S&P 500 should be closer
to 1,000. And even the NY Fed has revealed that without the impact of Fed
meetings, the S&P 500 would be at 600! This is a truly staggering admission
from a Fed official. This is the Fed admitting to us, point blank, that without
investors trading based on hopes of Fed intervention, the markets would
essentially be even lower than they were in March 2009…’ , Things
Are Getting Worse: Median Household Income Has Fallen 4 Years In A Row http://albertpeia.com/thingsworseincomefalls4inarow.htm , Thanks
Obama - The Terrorists You Used To Topple Regimes In Egypt And Libya Are Now
Attacking Our Embassies http://albertpeia.com/thankswoforblowback.htm , US
Totalitarianism Loses Major Battle As Judge Permanently Blocks NDAA's Military
Detention Provision
Zerohedge.com Back in January,
Pulitzer winning journalist Chris Hedges sued President Obama and the recently
passed National Defense Authorization Act, specifically challenging the
legality of the Authorization for Use of Military Force or, the provision that
authorizes military detention for people deemed to have "substantially
supported" al Qaeda, the Taliban or "associated forces." Hedges
called the president's action allowing indefinite detention, which was signed
into law with little opposition from either party "unforgivable,
unconstitutional and exceedingly dangerous." He attacked point blank
the civil rights farce that is the neverending "war on terror"
conducted by both parties,
targetting whom exactly is unclear, but certainly attaining ever more intense
retaliation from foreigners such as the furious attacks against the US consulates
in Egypt and Libya. He asked "why do U.S. citizens now need to be
specifically singled out for military detention and denial of due process when
under the 2001 Authorization for Use of Military Force the president can
apparently find the legal cover to serve as judge, jury and executioner to
assassinate U.S. citizens." A few months later, in May, U.S. District
Judge Katherine Forrest ruled in favor of a temporary injunction blocking the
enforcement of the authorization for military detention. Today, the war againt
the true totalitarian terror won
a decisive battle, when in a 112-opinion, Judge Forrest turned the temporary
injunction, following an appeal by the totalitarian government from August 6,
into a permanent one. , Here's
Hilsenrath With What To Expect Tomorrow
By now everyone knows that the WSJ's Jon Hilsenrath is spoon-Fed
information directly by the Fed. Even the Fed. Which is why everyone expected
the Fed to ease last time around per yet another Hilsenrath leak, only to be
largely disappointed, invoking the term Hilsen-wrath. Sure enough, it took the
market only a few hours to convince itself that "no easing now only means
more easing tomorrow", and sure enough everyone looked to the August, then
September FOMC meetings as the inevitable moment when something will finally
come out. So far nothing has, as the Fed, like the ECB, have merely jawboned,
since both know the second the "news" is out there, it will be sold
in stocks, if not so much in gold as Citi
explained earlier. Regardless, the conventional wisdom expectation now is
that tomorrow the Fed will do a piecemeal, open-ended QE program, with set
economic thresholds that if unmet will force Bernanke to keep hitting CTRL-P until such time as Goldman is finally satisfied with
their bonuses or unemployment drops for real, not BS participation rate
reasons, whichever comes first. As expected, this is what Hilsenrath
advises to expect tomorrow, less than two months from the election, in a move
that will be roundly interpreted as highly political, and one which as Paul
Ryan noted earlier, will seek to redirect from Obama's economic failures, and
also potentially to save Bernanke's seat as Romney has hinted on several
occasions he would fire Bernanke if elected. Here is what else the Hilsenrumor
says. , Bill
Gross Sells $30 Billion In Treasurys In August As Total Return Fund Cuts
Government Exposure By Over A Third
, Grand
Theft Auto: FOMC City - Bank Robbers Throw Cash Out Of Volvo In South Los
Angeles , Citi: If NEW
QE, Then Buy Gold , Inside The
Student Loan Debt Bubble , Guest
Post: Cui Bono Fed: Who Benefits from the Federal Reserve? Cui bono--to whose benefit?--is a skeptic's
scalpel that cuts through the fat of propaganda and political expediency to the
hard truth. Since the world has been trained (in Pavlovian fashion) to hang on
every word issued by America's privately owned central bank, the Federal
Reserve, it's appropriate to ask a simple but profound question: Who
benefits from the Fed's existence and its policies of loaning "free
money" to banks at 0% and ZIRP (zero interest rate policy)? The
Status Quo's answer is "the American people," of course, a
deliciously juicy layer of "Big Lie" propaganda and obfuscation. Any healthy political and financial system would have broken the
fraud-based system and dismantled the failed banks en masse in an orderly
fashion. One institution stopped this from happening: the
Federal Reserve. The Fed exists to serve the banks. Everything else is
propaganda. Ever-expanding debt leaves America a nation of wealthy banks and
increasingly impoverished debt-serfs. Cui bono, baby.
Barrick
CEO: Gold Will Top $2,000 in Next Year
CNBC | Gold
last rallied near $2,000 at a high of $1,900.30 last year in September.
China
And Russia Are Ruthlessly Cutting The Legs Out From Under The U.S. Dollar
The Economic Collapse | The mainstream media in the
United States is almost totally ignoring one of the most important trends in
global economics.
What Is Your
Financial Breaking Point?
Tom Chatham | At what
point will you cease to have a roof over your head?
Germany’s
decision either means a rapid Eurozone financial collapse, or inevitable
hyperinflation
Mike Adams | The financial collapse of the Eurozone
may be upon us.
America’s
Under Water: Debt Equals 103 Percent of GDP
CNS News | The debt of the United States government
eclipsed the value of the Gross Domestic Product of the United States on April
2 of this year.
UK
banks could be shut down or forced into bail-outs by Brussels
London Telegraph | Banks in London could be shut down
or forced into taxpayer-funded bail-outs against the wishes of the British
authorities.
9-11-12 Dave’s Daily: http://www.etfdigest.com
‘MARKETS IN
WAITING GAME 9-11-12 It was a mix of news Tuesday. The featured
story was Moody’s stating they’ll be cutting the U.S. rating one notch if
politicians can’t agree on debt reduction plans. Germany’s Schauble piled on stating U.S.
debt to GDP ratio was much too high. This sent the dollar (UUP) lower and gold
(GLD) higher once again. Gold is also being buffeted as South African miners
continue violence marred strike and have ignored orders to return to work. The
trouble here has thus far been ignored by the MSM domestically. Extraction
costs for miners are rising due to increased depths they must go yet strikers
want more pay. As this continues available gold supply is reduced. Elsewhere the
U.S. trade deficit remains high on poor exports but MacDonald (MCD) reported
better sales that still missed expectations. A riot developed at the U.S.
embassy in Egypt as Islamic protestors scaled the embassy’s wall,
tore down the U.S. flag and flew an Islamic flag in its place. They were
supposedly protesting a film that was negative in some way toward Islam. The
odd thing was no one could identify the film in question. Perhaps it was just a
9/11 stunt. All eyes will be glued to the German court Thursday which will
decide the constitutionality of bond buying and the ESM (European Stability
Mechanism). Most pundits think it will be approved but one never knows. What
takes place in California with Apple (AAPL) Wednesday may be just as important
as they unveil another “I got to have it” gizmos. Some have even gone so far as to speculate
that the new products will boost U.S. GDP all by themselves. Seriously!
This idea must not take into account that these gizmos are manufactured
overseas.Then of course there is Ben & Co which is part of the early
September waiting game. This means most investors are on the sidelines playing
the waiting game until Thursday afternoon. For us it makes posting short and
uninformative so why stretch it out.Stocks recovered Tuesday, well, because
they did. It isn’t unusual for a weak dollar to boost stocks
particularly as overseas investors see the U.S. on sale.Volume dried-up once again
and is hardly worth mentioning except for setting contemporary light volume
records. Breadth per the WSJ was positive…’
‘Yesterday we worked through the illusion
to the reality of the ECB’s “unlimited”
bond purchases, the end result being that we discovered the ECB:
1) Didn’t
announce anything new
2) Is implementing the same
policies it’s tried twice before with no success (see
Greece)
3) Is implementing policies
that neither Spain nor Italy will go for…
And finally…
4) Has solved nothing due to
the fact that of the two mega-bailout funds, one has only €65
billion in firepower left and the other has yet to be ratified by Germany
Today we turn our attention to the US’s
Federal Reserve where the whole world expects the Fed to announce QE 3 at its
FOMC meeting this Wednesday and Thursday.
There is a small problem of math with
this. The Fed currently owns all but just $650 billion of the
outstanding 10-30 year Treasuries. At this point, even a $200-300 billion QE
program would create serious liquidity problems for the financial system. So
scratch that idea off the list.
Of course, the Fed could potentially
implement another agency/MBS QE program. But that would be a very political
move with the Presidential election so close. This, combined with current food
and energy prices, makes it unlikely the Fed would want to do this: too many
consequences with too little to gain (stocks are at four year highs).
Indeed, if anything, the Fed is likely to
pull a “ECB” move, namely promising
something vague that it actually cannot deliver on. Why would the Fed do this?
Because, like the ECB, the Fed is running out of bullets. Indeed, St
Louis Fed President James Bullard all but admitted this to the Financial
Times:
“I am a little – maybe
more than a little bit – worried about the future of central banking,”
said James Bullard, president of the Federal Reserve Bank of St Louis, in a
Financial Times interview at Jackson Hole. “We’ve
constantly felt that there would be light at the end of the tunnel and there’d
be an opportunity to normalise
but it’s not really happening so far…” On that note, if you are
not preparing for a bloodbath in the markets, now is the time to do so. The
reality is that the Central Banks are fast losing their grip on the markets.
They’ll
never admit this publicly, but I can assure you that Bernanke and pals are
scared stiff by what’s happening in the banking system right
now…’
http://albertpeia.com/debaseddollardown.htm
‘The mainstream media in the United States is almost
totally ignoring one of the most important trends in global economics.
This trend is going to cause the value of the U.S. dollar to fall dramatically
and it is going to cause the cost of living in the United States to go way up… If we keep
debasing our currency like this, at some point the rest of the world is going
to decide that China and Russia have been right all along and that we need a
new global reserve currency.That day is coming. It might not come tomorrow
or next week or next month but it is definitely coming.
Once the U.S. dollar loses reserve currency status,
that will be a major turning point in the history of our country. We will
never fully recover from that, and we will never get back to the same level of
prosperity that we are enjoying today.So enjoy spending those dollars while you
can. The party is almost over.’
September
11 – Eleven Years
Later (Selected Statistics)
ZeroHedge.com On the anniversary
of the most emotional day in our collective memory, here are some key
statistics in the interest of truth, justice and the American way: http://albertpeia.com/september11stats.png , Guest
Post: De-Industrialisation And Male Jobs
, In
Response To Japanese "Antagonism" Over Senkaku Islands, China
Dispatches Two Patrol Ships { Wow!
Looks like war between China and Japan … Just kidding…Japan versus the 800 pound gorilla in the world?…Japanese
command of math/probabilities is not that bad! } , Guest
Post: Who Moved My Recession?
Lakshman Achutan, ECRI (Economic Cycle Research Institute) made a recession call for the US on
September 30, 2011 (and confirmed it multiple times since then). Gary Shilling,
titling his August letter “Global Recession”, says “We are already in
a global recession {This is
correct! } .” However, equity markets don’t think so,
with the S&P 500 trading less than 10% away from a new all-time high. Only
one side can be right. Could this
be a repeat of October 2007, when the S&P 500 hit new all-time highs mere
six weeks before the “Great Recession” began? { Yes…regardless how drawn out by
manipulation they make it! } Are so-called leading indicators, as used by the Conference Board,
still reliable? { No! Stock prices being a prominent example but all are being
manipulated for show. } Established
leading indicators incorporate questionable input. While there is no perfect
indicator, a combination of the ones tested here, weighed by accuracy,
confidence and timeliness should produce a good reading. The higher-confidence
indicators say that 2011 was a “close call”, but we are currently not in a recession. However, a lot of lower-confidence indicators are showing readings consistent
with a severe recession. , Firm
That Brought You Holo-Tupac Dies Less Than A Year After IPOing, Taking Millions
In Taxpayer Subsidies With It
, Zuckerberg
Speaks - Wordcloud: Mobile 22; Profit 0
, Gundlach's
Chart-Porn And Buy China, Sell US
, Crossing
The Fiscal-Cliff Chasm, And Why Boehner May Be Right , Guest
Post: The Federal Reserve's Cargo Cult Magic: Housing Will Lift the Economy
(Again) I have often identified Keynesian economists and the Federal Reserve as
cargo cults. After the U.S. won World War II in the Pacific
Theater, its forces left huge stockpiles of goods behind on remote South
Pacific islands because it wasn’t worth taking it all back to America. After the
Americans left, some islanders, nostalgic for the seemingly endless fleet of
ships loaded with technological goodies, started Cargo Cults that believed
magical rituals and incantations would bring the ships of “free” wealth
back. Some mimicked technology by painting radio dials on rocks and using the
phantom radio to “call back” the “free wealth” ships. The
Keynesians are like deluded members of a Cargo Cult. They
ignore the reality of debt, rising interest payments and the resulting
debt-serfdom in their belief that money spent indiscriminately on friction,
fraud, speculation and malinvestment will magically call back the fleet of
rapid growth. To the Keynesian, a Bridge to Nowhere is equally worthy of
borrowed money as a high-tech factory. They are unable to distinguish between
sterile sand and fertilizer, and unable to grasp the fact that ever-rising debt
leaves America a nation of wealthy banks and increasingly impoverished
debt-serfs.
9-10-12 Super Mario’s Big Bluff http://albertpeia.com/supermariosbigbluff.htm ‘… In closing, the new ECB program
will ultimately prove to be Mario Draghi’s big bluff. By presenting an old,
failed program as something “new” and “unlimited” in scope, the ECB has
actually shown that it’s essentially out of firepower. Indeed, consider the following…The ECB says it will buy EU
sovereign bonds if EU nations apply for bailouts from the EFSF. Spain and Italy
(the very countries that need bailouts) are meant to supply 30% of the EFSF’s funding.So this new program involves Spain and Italy bailing
themselves out, while simultaneously implementing austerity measures so the ECB
will buy their sovereign bonds?!?!Oh, and by the way, the EFSF only has
€65 billion in funding left. That will definitely be enough to bailout Spain
and Italy, seeing as Greece has received over €200 billion in bailouts is still
imploding.On that note, if you are not preparing for a bloodbath in the
markets, now is the time to do so. The reality is that the Central Banks are
fast losing their grip on the markets. They’ll never admit this publicly, but I
can assure you that Bernanke and pals are scared stiff by what’s happening in
the banking system right now…’ , Dave’s
Daily: http://www.etfdigest.com
‘ALGOS PLAY
IN LIGHT VOLUME 9-10-12 Markets almost saw little if any volume
Monday. As the afternoon session progressed algos stepped-up the profit-taking
especially after a much worse than expected Consumer Credit report (-$3.28
billion vs $9.2 billion expected) allowed algos to hit the sell switch. Absent
any other news, and with volume very light, there was little support to be
found. Most of the day Monday was spent with markets propped and waiting
primarily for Thursday’s Fed meeting. One would think the poor Consumer Credit
report would be a QE stimulant and may well be one. For now however it’s just a
trading opportunity. For bulls it means some overbought conditions eased while
bears believe QE is already priced-in. Only time will
tell who’s right. Tech put in another poor showing led lower again by Intel
(INTC) as PC demand remains weak. Just about everything that had been higher
late last week was fair game for sellers on Monday. I posted a few charts below
as economic data remains scant while most investors await the Fed…’ , The
Student Loan Debt Bubble Is Creating Millions Of Modern Day Serfs http://albertpeia.com/studentloandebtserfs.htm , The
Real Unemployment Numbers Are Worse Than You Are Being Told http://albertpeia.com/realunemploymentnumbersmuchworse.htm , The
Historic Demise Of The Ever-Shrinking Dollar: An Infographic ZeroHedge.com The almighty Dollar is looking less mighty these days. By almost
every measure, the purchasing power of the US Dollar is in precipitous decline.
The following infographic, whose contents should be well-known to our readers,
visualizes the sad state of affairs that the average American seems to have
ignored for far too long. And since the whole world is now engaged in the 4th
year of all out currency debasement one can safely channel Lester Burnham and
say it's "all downhill from here."
, Investors,
Nostalgic For Logical Markets, Boycott New Centrally-Planned Normal , Guest
Post: The Contrarian Indicator Of The Decade? ‘…And the uber-bullishness is based on what? Hopium. Hope that the
Fed will unleash QE3, or nominal GDP level targeting and buy, buy, buy —
because what the market really needs right now is more bond flippers, right?
Hope that Europeans have finally gotten their act together in respect to buying
up periphery debt to create a ceiling on borrowing costs. Hope that this time
is different in China, and that throwing a huge
splash of stimulus cash at infrastructure will soften the landing , Next: The Great
Recoupling The chart below from
UBS' George Magnus captures perhaps better than anything, not only the reason
why the global economy grew with the speed it did over the past 40 years, not
only why "globalization" (a/k/a finding new places to issue debt in
exchange for secured assets and unsecured cash flows all the while under the
umbrella of globalist organizations: see Confessions
of an Economic Hit Man) was the primary urgency for the status quo, not
only why the developed world managed to delay the inevitable day of reckoning
for as long as it did, but most importantly, why the global day of debt-saturated
reckoning is coming. , Market
Realizes It Has Already Priced In QE
, Consumer
Credit Posts First Drop Since August 2011 Following Nonsensical Data Revision , It's
Different This Time: PMIs And Global Stocks The fundamental backdrop, in the shape of economic lead
indicators and earnings momentum, has been deteriorating: manufacturing PMIs for the US, China, Japan,
Korea, the Euro zone, and the UK are all now sub-50, and consensus earnings
growth estimates for 2012 have been halved in recent months. What has this meant for Global Equities? Well, as UBS notes, in the
last three months, very little. The MSCI AC World index is up more than 12%
from the 4 June low. That markets have rallied while fundamentals have
deteriorated in this manner is unusual. Historically, equity market rebounds
have tended to coincide with a trough in PMIs and earnings momentum – that is,
when PMIs have stopped going down and the pace of earnings downgrades slows
(waiting for PMIs to recover to 50 or for earnings momentum to turn positive is
usually too late). Markets now appear to be taking their cues from central bankers:
potential policy actions are becoming a sort of ‘lead indicator of the lead
indicators’, if you will. Given the recent
rally, in addition to underlying macro weakness, policy action - and effective
action at that – has become increasingly important for investors. Without it
this recent rally could end up looking more like a false start than a
head start. , Guest
Post: How Draghi Opened The Door To Hyperinflation And Denied The Fed An Exit
Strategy , Another
Ex-Fed Governor Admits "Only So Much Fed Can Do" , California
Lt. Governor: This Aggression Against Our Expropriation Of Private Property
Will Not Stand, Man , GM
Loses Over $49,000 On Every Chevy Volt
, Two
Days Ahead Of More QE, JPM Finds That World Is Already "Drowning In
Liquidity"
A few days ago, the BOE's Andy Haldane, rightfully, lamented that
the apparent "solution" to the exponentially growing level of
complexity in the financial system is more
complexity. Alas, there was little discussion on the far more relevant
central planning concept of fixing debt with even more debt, especially as the
US just crossed $16 trillion in public debt last week, right on schedule, and
as we pointed out over the weekend, there has been precisely zero global deleveraging
during the so-called austerity phase. But perhaps most troubling is that with 2
days to go to what JPM says 77% of investors expect with be a NEW QE round
(mostly MBS) between $200 and $500 billion in QE, the world is, also in the
words of JP Morgan, drowning in liquidity. In other words,
according to the central planners, not only is debt the fix to record debt, but
liquidity is about to be unleashed on a world that is, you guessed it, already
drowning in liquidity. The bad news: everything being tried now will fail, as
it did before, because nothing has changed, except for the scale, meaning the
blow up will be all that more spectacular. The good news: at least the
Keynesians (or is it simply Socialists now?) out there will not be able to say
we should have just added one more [ ]illion in
debt/liquidity and all would have worked, just as our textbooks predicted.
Because by the time it's over, that too will have happened. , Rising
Food Prices Continue to Climb, with Prices Up 10% in July Alone Lisa Garber | Food prices are rising, and
consumers are feeling it.
9-7-12 Dave’s Daily: http://www.etfdigest.com ‘A SPOONFUL OF SUGAR HELPS THE MEDICINE GO
DOWN’ 9-7-12 { It really must be emphasized/said, and it has been said infra*,
that the west generally, and the u.s. especially, have become unmistakably
banana republics meeting all criteria by which such failed forms of
political/economic ‘organization’ are denoted. The consistent and persistent
focus on the totally fraudulent, manipulated stock markets, fraudulent wall
street particularly with contraindicated, failed QE for benefit of wall street
frauds only, to the detriment of literally everyone else, viz., taxpayers, main
street, etc., has become nothing short of criminally insane! [ ECB INTERVENTION COMMENT DU JOUR:
"CLASSIC BANANA REPUBLIC BANKING" Submitted by Tyler Durden on
09/06/2012 http://albertpeia.com/classicbananarepublicbanking.htm . { It bears
repeating that never in history have the markets become so disconnected from
fundamental finance, valuation, and reality and so completely and utterly fraudulent.
I believe that computerization facilitating multiple frauds at lightning speed,
over and over again and again along with re-hypothecation of already worthless
paper at similar speeds is in part the reason for the prevalence of such fraud
along with the breakdown of american among other societies into what yesteryear
would have been scorned as ‘banana republics’ without any meaningful rules of
law whatsoever and pervasive, almost blatant, corruption at every level.
(This is not to blame computers for the bad use
they’re put to.) Guest
Post: The West Has Just Become A Giant Banana Republic ZeroHedge.com by Tyler
Durden { Yeah! This really is too
true for words! It’s been my direct experience for quite some time now and is
quite a pathetic scenario! } Legendary
Investor Jeremy Grantham: America is a Banana Republic Washington’s Blog | Just different bananas perhaps? ] }
‘The ugly employment report of only 96K new jobs vs 125K expected hit
markets like a spoonful of sugar—Uncle Sugar. The numbers couldn’t be worse
which is why ADP Data and Jobless Claims the previous day doesn’t mean a thing.
Ninety million are not in the labor force, 368K people have dropped out of the
workforce and the participation rate for men is the lowest since 1948 when most
of current readers hadn’t been born. Even the previous data was reduced from
163K to 141K meaning next month’s numbers should be taken with a grain of salt,
and not sugar. Forget the slightly lower unemployment rate since with so many
dropping off the rolls the real rate is closer to 12% than 8.1%, and that’s
generous.This puts the “bad news is good” back on the front burner and means Bernanke
has no choice but to QE and inflate asset prices. He still has “some” weapons
left but he’s running out of bullets. QE bulls could care less since it’s time
to party.All this QE speculation trashed the dollar (UUP) and bolstered gold
(GLD) and silver (SLV). After all, if it’s balls to the wall once again these
assets are the insurance against currency debasement.Individual investors are
still either hiding in low yielding bonds, dividend sectors or are just on the
sidelines. Those buying include corporations with buybacks, hedge funds, and
overseas investors feeding on the weak dollar and to a lesser extent captive
money in pension plans.The fly on the soup today was a crummy report from Intel
(INTC) which issued a warning as PC demand is weak. This pulled semiconductor
ETF (SOXX) and the overall technology index (XLK) lower. There is concern that
PC sales are stalling given the pending launch next month of Windows 8 which is
an entirely different approach from (MSFT) affecting (IGV).As stocks followed the
rally from Thursday on QE hopes, bonds (IEF) took a breather but not by much
given likely Fed money printing and buying.The important thing to remember
about QE activity is what’s the grade? Thus far in the U.S. at any rate its
money that goes first to the Primary Dealer network (mega-banks) and then may
trickle down to you and me. Clearly it’s been supportive of stock prices but
where is that in the Fed’s twin mandate (protect the purchasing power of the
dollar and full employment)? If the mega-banks just hold the money to bolster
their balance sheets then the grade is an “F”. As most know, banks aren’t
lending money for mortgages or small businesses no matter how much liquidity
the Fed dumps on them. I used to have a math teacher who wouldn’t give a grade
less than 40. If it was less than 40 he’d circle it. You wouldn’t want a
“circle 40” but this is how you’d score the Fed’s twin mandate results.Investment Tip: Don’t fight the Fed
central banks.Volume on this QE addicted Friday was once again ultra-light
cementing few investors in the game beyond those described above. Breadth per
the WSJ was positive…’
*[ ECB INTERVENTION COMMENT DU JOUR: "CLASSIC
BANANA REPUBLIC BANKING" Submitted by Tyler Durden on
09/06/2012 http://albertpeia.com/classicbananarepublicbanking.htm . { It bears
repeating that never in history have the markets become so disconnected from
fundamental finance, valuation, an reality and so completely and utterly
fraudulent. I believe that computerization facilitating multiple frauds at
lightning speed, over and over again and again along with re-hypothecation of
already worthless paper at similar speeds is in part the reason for the
prevalence of such fraud along with the breakdown of american among other
societies into what yesteryear would have been scorned as ‘banana republics’ without any
meaningful rules of law whatsoever and pervasive, almost blatant, corruption at
every level. (This is not to blame
computers for the bad use they’re put to.) Guest
Post: The West Has Just Become A Giant Banana Republic ZeroHedge.com by Tyler
Durden { Yeah! This really is too
true for words! It’s been my
direct experience for quite some time now and is quite a pathetic scenario! } 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 corrupt
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.] Guest
Post: The West Has Just Become A Giant Banana Republic ZeroHedge.com by Tyler
Durden { Yeah! This really is too
true for words! It’s been my
direct experience for quite some time now and is quite a pathetic scenario! } Legal
precedent means nothing. Rule of law means nothing. Free speech means
nothing. Their own treaties mean nothing. It’s unbelievable. Anyone in the west who honestly
thinks he’s still living in a free society is either a
fool or completely out of touch. If that seems too radical an idea, consider
that ECUADOR is now the only nation which stands to defend freedom and
human rights against an assault from the United States, the United
Kingdom, and their spineless allies. The west has just become a giant
banana republic. Have you hit your breaking point yet? If not now… when? { { I’m really constrained to interject my own direct
experience with the FBI here; and, I must say I do so lamentably. If you want
no real results vis-à-vis organized crime which now extends to the upper
reaches, highest levels of the corrupt u.s. government, go to the FBI. I
discounted the new jersey FBI as just typical corrupt, mob infested jersey
which thinks in terms of discos/casinos. But, truth be told, they never ask the
‘tough’ questions
of the biggest criminals; ie., the biggest wall street frauds, cia connected
illegal ‘drug ops’ (ops…riiiiight), federal judges ie., trump barry, shiff,
alito, etc.; but, they did go after Martha Stewart in a very big way over a $45,000
transaction. Wow! You can’t make this stuff up. I also don’t believe
their (understated) crime stats for even a second. I’m beginning
to feel foolish for having even put my full faith and trust in them, much less
the ‘federal
(judicial) system’ who share the ‘same employer’; and, despite my antipathy for the mob, probably
would have fared ‘more fairly’ with the mobsters directly who seem to have at least
some sense of the magnitude of the fraud involved and the pervasive corruption
of the system and government and maybe a semblance of honor in this nation of
protracted decline. It never would have occurred to me back when for me, such a
choice/decision was clear-cut and simple. Such a course as mine I no longer
could recommend inasmuch as there is little difference between state/government
sponsored crime/corruption and that perpetrated by other criminal elements,
from my direct experience with both, infra:
Debauchery:
An American specialty In the land of Lindsay Lohan and Snooki,
some federal workers reflect our culture all too well. (Washington Post) [
Lindsay Lohan? Come on Mr. Milbank, hands off the low hanging fruit. She’s totally
harmless. Jersey ‘italian’ snooki? In mob infested new jersey, who knows (one
of the properties in my proceedings for which surplus funds are unaccounted for
was a 2 bedroom 1 and 1/2 bath condominium in seaside heights, n.j.). But debauchery
an american specialty? Another rare instance wherein I agree with Mr. Milbank
completely. 25
Signs That America Is A Seething Cesspool Of Filth And Corruption
http://albertpeia.com/25signsamericacesspooloffilthcrimeandcorruption.htm
. Review
of flawed forensics held close to vest EXCLUSIVE | Documents and
interviews show FBI and Justice Department officials took steps to control
information uncovered by a task force designed to examine cases involving
discredited agents. Many defendants were never notified of flaws in cases. ‘Simply unconscionable’ (Washington Post) [
Well, I really have to say this. I’m awaiting word from the FBI as to resolution, one
way or the other, concerning the RICO matters which have been systematically
and corruptly covered up by the government (executive, legislative, and
judicial branches of the pervasively corrupt, defacto bankrupt u.s. government http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
) . Never in my wildest dreams would I have believed the
level and extent of corruption and criminality within the ranks of the u.s.
government before embarking upon this costly quest for justice and simple
fairness consistent with clear law (infra, regarding the u.s. government’s direct
involvement in the illegal drug trade). In this civil RICO matter, there are no
innocent bystanders; but rather, perpetrators, accomplices, and
co-conspirators. When the fbi agent initially assigned to this matter
(Connecticut) abruptly resigned/retired shortly after a conversation, though
not central to my case, wherein I had said that rudy giuliani’s father
had been an (convicted) enforcer for the mob (served 12 years? in prison,
aggravated assault/manslaughter?) and then sent him documentation owing to his
disbelief. Though ultimately ineffectual vis-à-vis my case, he was a likeable
guy for whom I had and still have regard. I then spoke with FBI Agent Jeff
Rasey upon the aforesaid agent’s departure who somewhat plaintively (‘my call
being a burden’) told me that ‘he was a Ford, and I was a Ferrari’, which he
didn’t explain
further. Could anyone tell me what that means? Initially, at new jersey’s FBI
office, I was ‘greeted’ by an FBI Agent who sarcastically asked me whether I
was ‘going to
the disco that night’ (the documents including sworn statements delivered
to then u.s. attorney sam alito’s office in the same building disappeared twice along
with the initial assistant u.s. attorney Jonathan Lacey with whom I had
reviewed the documentary evidence, documents and their probative value http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf .
We all can infer sam alito’s reward / quid pro quo for his cover-up by his
current position on the u.s. supreme court. There was never a
question as to maryanne trump barry’s interest in corrupting the judicial process as
related to her brother’s (trump) casinos. Jersey city boy louis freeh,
labeled by former Prosecutor Larry Klaiman as the most corrupt FBI director
ever (see infra, mueller seems no different, and certainly holder’s
impeachable actions and corrupt behavior/cover-ups fit the mold, ie., fast and
furious, race bias favoring blacks, etc.) apparently covered up the RICO
violations as sent to him, and, with italian citizenship and lucrative insider
deals fits the bill. The FBI Agent Jeff Hayes of the Long Beach Office with
whom I reviewed the RICO documents and confirmed same as indicative of (drug)
money laundering was transferred shortly after meeting with him, as has been so
of FBI Agent Bill Lewis (promoted to Washington FBI headquarters) with whom I
discussed the RICO matter and case disks/dvd’s sent to the LA FBI office (they printed the
documents thereon, as per Agent Lewis), Steven Martinez, ADIC, here in Los
Angeles (see infra). So, as regards FBI flaws, coverup, etc., I have to believe
it based on my own experience and reasonable inference. I’m currently
being ‘stonewalled’ by the LA
FBI office since the departure of FBI Agent Bill Lewis.
GOOGLE SEARCH –
‘LARRY KLAYMAN, LOUIS FREEH CORRUPT’
ABOUT 6,240 RESULTS (0.11 SECONDS)
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,
...
...
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, ...
“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. ...
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, ...
May 3, 2001 –
Because of his corrupt behavior, Freeh was placed on Judicial
Watch's ... stated Judicial Watch Chairman and General Counsel Larry
Klayman. ...
May 27, 2000 – By
Larry Klayman ... While Judicial Watch has asked FBI Director Louis
Freeh to .... lawsuits against a corrupt and unrepentant
Clinton-Gore ...
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,
·
A judgment
had been entered in my favor in the case, United States District Court Case
#3:93cv02065(AWT)(USDCJ Alvin Thompson), worth approximately now in excess of
$300,000 remains unaccounted for and which could be used for payment to
creditors, Los Angeles, etc..
·
Counsel
Robert Sullivan on my behalf documented by way of certification upon
investigation that Alan Shiff, USBCJ, had falsely stated a dismissal upon which
false statement he predicated a retaliatory and spurious contempt proceeding
against me causing substantial damage, and for which he sought Judicial Notice
of those and related proceedings as did I in some of my filings.
·
The Order of
Dismissal With Prejudice by Alan Shiff, USBCJ, owing to Defendant Coan’s
failure to file anything whatsoever by the court’s deadline causing creditors
and me substantial damages: [ Shiff Order of Dismissal With
Prejudice on Coan’s Failure to File
Page 1
Page 2
]
·
Defendant
Coan had filed an action against me to prevent me from suing him which
necessitated me to fly to Connecticut for a hearing before The Honorable Robert
N. Chatigny, Chief Judge, USDC, District of Connecticut, who denied Coan’s
requested relief as to Coan but precluded my action against Shiff (although
there is no immunity, judicial or otherwise, for criminal acts, ie., fraud
connected with a case under Title 11, USC, etc.) . [ transcript in
pertinent part - http://albertpeia.com/crossexamofcoanbypeia.pdf ]
·
Newly
appointed judge, Maryanne Trump Barry, Donald Trump’s sister, was assigned the
RICO case despite the conflict of interest in light of hundreds of thousands of
dollars of illegal (drug) money being laundered through the Trump casinos by
the RICO defendants, and despite my motion to recuse her which motion she heard
herself and denied, and U.S. Trustee Hugh Leonard with whom I met personally
refused to join or file a separate motion to recuse and not long thereafter
left said office for private practice at Cole, Shotz, et als on retainer with
the RICO defendants as his primary client.
·
Probative and
evidentiary documents, affidavits, exhibits, including those turned over to FBI
Agent Jeff Hayes in Long Beach, CA, had been given to Assistant U.S. Attorney
Jonathan Lacey with whom I met personally at the U.S. Attorney’s Office in
Newark, N.J., at which time Samuel Alito was U.S. Attorney, and went over said
documents and their probative value with him. Within approximately a month
thereafter upon inquiry I was told that Jonathon Lacey was no longer with the
office, that the file/documents could not be located, and that there was no
further information available concerning contacting him or his location. I
thereupon delivered by hand, copies of said documents to the office of then
U.S. Attorney Alito, addressed to him, with assurance they would go directly to
him. In addition to being inept [ I looked in on the one mob case he had
brought, bungled, lost (accidently on purpose?) since I was suing some
mob-connected under RICO and the court (I had known / previously met outside of
court the judge Ackerman through a client) was absolute bedlam and a total joke
since incompetent corrupt Alito brought in all 20 mob defendants (rather than
prosecute one or a few to flip them first) who feigning illness had beds/cots
in the courtroom along with their moans during testimony and had the jury in
stitches. As much as I hate the mob, it truly was funny, if not so tragic.],
Alito is also corrupt (and maybe corrupt because he is inept).
After a reasonable (but still rather short) time I called to determine the
status and was told that Alito was no longer with the Office of the U.S.
Attorney, that he was (appointed) a federal judge, and that neither the
documents nor any file or record of same could be located. Alito did parley the
same / cover-up into quid pro quo direct lifetime appointment to the Court of Appeals,
3rd circuit, despite the absence of judicial experience or
successful tenure as U.S. Attorney (Maryanne Trump Barry as well). This is the
same Sam Alito that now sits on the purported highest court in the land. The
real application of the illegal rule ‘don’t ask, don’t tell’.
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) ]
FROM:
TO:
Wednesday,
November 16, 2011 8:48 AM
Dear Mr. Peia:
Thank you for being in touch. As we continue
the busy first session of the 112th Congress, I want you to know
that I am grateful for the various times you have shared your thoughts and
concerns with me on different issues. Please be assured that your voice
is being heard and that your perspective helps me to better represent you in
Washington, D.C.
Sincerely,
LUCILLE ROYBAL-ALLARD
Member of Congress
[ This is a reply
to the Congresswoman’s query among others included.]
11-5-11
Dear
Congresswoman Roybal-Allard:
The Keynesian
(economic) approach, if ever a wise prescription for ‘economic doldrums’,
euphemistically speaking (there are articles/studies/data that dispute the
purported effectiveness of the widely hailed ‘Keynesian remedy’ during the
prior great depression), the ‘Keynesian way’ is certainly no longer a prudent
approach today in light of the insurmountable debt levels of nations worldwide
and in america particularly along with the concomitant over-printed, debased
‘paper currencies’ to finance same. Quite simply, there simply is not enough
real value being created for redistribution, a situation exacerbated by the
parasitic lightening fast, computerized churn and earn high frequency trading
programs on fraudulent wall street (they should be prosecuted, jailed, fined,
and disgorgement imposed for extant frauds in the trillions now marked to
anything as per misguided legislated FASB rule change). [ America’s debt woe is worse than Greece’s News (CNN) — ‘Our government is utterly broke …The
government’s total indebtedness is $211
trillion’. 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 ] .This is the consequence of a structural
shift fed by greed and misguided policy and cannot be undone (transfer of
productive capacity to ie., China, etc., ‘the bell cannot be unrung’). That said
which militates against such an extension, this is an election year which
probabilities suggest makes highly likely the passage of the extension. I favor
your co-sponsored legislation and before the holidays simply in the name and
spirit of Christmas and for no other reason whatsoever. Below is a recent
comment to Opinion Writer Krauthammer’s ‘more war spending (Keynesian)
position’ and an article regarding the folly of same. Immediately following is
from my prior post to you concerning something of such manageable proportion
and well within the government’s ability to resolve (if the government can’t
accomplish this consistent with law and long overdue, then there isn’t anything
the government can accomplish), along with other comments to you for ease of
reference:
‘…As previously
noted in a prior message to you, I had previously spoken to FBI Agent Bill
Lewis in Washington who was recently promoted to the FBI Headquarters Office
(D.C.) from the FBI office here in LA, and who was to be out of the office for
the two weeks past. I’ll be contacting him given a reasonable time for him to
‘catch up’, from being out of the office. While independent contractor richard
coan is ultimately the one to bear the burden of damages (there’s insurance and
a surety covering same), coan might allude to the prior default of the u.s.
government (assist. u.s. atty. robert i. lester miscounted / miscalculated the
time for filing an answer / response to the complaint upon service thereof,
also misstating the rule in open court before corrupt judge matz who
‘schmoozed’ things over (they both have the same employer), however incorrectly
according to the ‘law’. I ordered / bought a copy of the transcript of that
rather pathetic proceeding (posted in part on my website). In any event,
regardless who pays me, the amounts so paid would ultimately be recovered from
coan, his insurer/surety which amounts might even exceed the amount I’m willing
to settle at. [There is also a judgment (referenced in the correspondence to
FBI ADIC Martinez infra) that had been entered in my favor in the case, United
States District Court Case #3:93cv02065(AWT)(USDCJ Alvin Thompson), worth
approximately now in excess of $300,000 remains unaccounted for and which would
benefit Los Angeles, etc.; and then, of course as well, the substantial
damages. ] I’ve waited far too long for this matter to resolve, what should
have been resolved in accordance with clear law long ago; and, which would have
been resolved if not for typical u.s. corruption in the process; and, which is
well within the government’s ability to resolve. In my world and way of
thinking, results do count! I’ve included prior correspondence for ease of
reference…’
Sincerely,
Albert L.
Peia
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
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.”
The
Scary Math Behind The Mechanics Of QE3, And Why Bernanke's Hands May Be Tied ZeroHedge.com , Explaining
The Market's Brand New 15x Forward Multiple Actually not really, but all one can do is laugh since in some
centrally planned parallel universe, the entire world entering manufacturing contraction translates into a
4 year (and just shy of all time) stock market high... , Stocks
Spike In (And After) Close To New Post-2008 High As Volume Resumes Slide A few hours
after the US reported a jobs number which missed consensus estimates on broad
weakness, which saw a nearly 400K increase in those no longer even caring about
work, and which confirmed that the economic deteriorating is nowhere close to ending,
stocks did their thing and with no news, and on no volume (the same reason why
like Nomura, ever fewer banks can afford to keep trading desks), decided to
surge into the close even as volume slid, with the NYSE trading its new
post-Knight normal average of a few shares over half a billion. This sent the
ES to a new post-2008 high. In other news, we are approaching 15x forward P/E
even as the world's global economies are grinding to a screeching halt.Central
planning is here to stay and the stock market will merely levitate ever higher
on hope that the central bankers have it all under control. , Guest Post: The
Repricing Of Oil Now that oil’s price
revolution – a process that took ten years to complete – is
self-evident, it is possible once again to start anew and ask: When will
the next re-pricing phase begin? Most of the structural changes that
carried oil from the old equilibrium price of $25 to the new equilibrium price
of $100 (average of Brent and WTIC) unfolded in the 2002-2008 period. During
that time, both the difficult realities of geology and a paradigm shift in
awareness worked their way into the market, as a new tranche of oil resources,
entirely different in cost and structure than the old oil resources, came
online. , Friday
Humor: The New Normal Asset Manager Curious why legendary hedge fund managers are
shutting down shops left and right in disgust with the mockery that central
planning and algorithmic short-termism had made of equity markets? Don't be:
his name is Julian Marchese, he runs a "macro fund"... and he is 16. Don't get us wrong: we enjoy the next youth trading
prodigy, and here the Schwab baby comes to mind, as much as everyone else. Our
concern is when it is the people who have never even seen half of a business
cycle that start running your money, and, probably worse, making money,
which leads them to believe they know what they are doing, and gets gullible
LPs to allocate capital to them based on a 3 month track record, when in
reality the entire market is one merely primed for outperformance courtesy of
central planner puts and priced to Bernie Madoff ponzi perfection, targeting a
specific investor type. And here the Schwab baby comes to mind again. , Guest Post:
Junkie Recovery If the point of
quantitative easing was to provide enough liquidity to keep the massive,
earth-shatteringly large debt load serviceable, then quantitative easing
succeeded — but the “success” of sustaining the crippling debt load is that it
remains a huge burden weighing down on the economy like a tonne of bricks.
This “success” has turned markets into junkies, increasingly
dependent on central bank liquidity injections. After QE3 will come more and
more and more easing until the market has either successfully managed to
deleverage to a sustainable level (and Japan’s total debt level as a percentage of GDP remains
higher than it was in 1991, even after 20 years of painful deleveraging — so there
is no guarantee whatever that this will ever occur), or until
central banks give up and let markets liquidate. Quantitative easing’s “success” has been a
junkie recovery and a zombie market. Patents
Wars 2: The Asian Empire Strikes Back - Are The Tables About To Turn On Apple? { This is a
very big deal as I emphasized when the Asian Court decision came down against
Apple; not the least of which reason is the fact that american courts are
notoriously corrupt; an indisputable fact that’s not even lost on ‘non-kool-aid-drinking’ american citizens ‘in the know’ } Much has
been said about Apple's recent victory over its key component supplier,
Samsung, in a recent US court decision the direct result of which has been the
halt of sales of several Samsung products which are already obsolete in cell
phone year terms. The paradox here is that AAPL's victory is quite pyrrhic: if
and when Samsung feels sufficiently threatened, it can just pull a Gazprom and
halt the supply of mission critical components to the world's biggest publicly
traded company. Alternatively the Chinese politburo can one day decide to pull
FoxConn's operational license, in the process bankrupting AAPL overnight. But
these are of course M.A.D. scenarios which in rational, non-centrally planned
market would never take place, and so we have no reason to worry about them.
That said, it is increasingly becoming clear that patent warfare fought in
partial domestic judicial systems, will be the next form of protectionism as
pertains to that most faddy of technology: the ubiqutous smartphone. And while
Apple may have won the first battle, the outcome of the war is still very much
unclear: in fact, the return salvo after Samsung's big defeat on US soil may
come quite soon, this time courtesy of another Chinese Apple "clone",
HTC Corp, which if it goes against the Cupertino company, could have a large
impact on revenues.
9-6-12 Dave’s
Daily: http://www.etfdigest.com
‘DRAGHI GIVES BULLS WHAT THEY WANT 9-6-12
Bullish algos bought immediately after Draghi’s
announcements. They aren’t interested in the details just the headlines which
told them more money printing was on the way. Draghi stated there would be “conditions” to their
bond buying of various sovereign debt but details of these conditions were
illusive. He also stated QE would be unlimited in scope and confined to 0-3
year maturities. When asked if he thought traders would “game” this he
said they’d monitor this. (His former employer Goldman Sachs
would probably do whatever they want thank you.) Asked if these decisions were
unanimous and he said no. Later the Bundesbank reiterated their opposition but
that seems a mere inconvenience. In fact, since the ECB will be buying bonds in
the secondary market vs primary the German court ruling will not matter.Draghi
also spent some time discussing that bond markets in the eurozone were
distorted due to misperceptions which seemed laughable frankly. He also stated
later that problems in the global economy weren’t the fault of the eurozone fingering the U.S.
financial crisis obliquely.Not to be left out the Bank of England noted it
would continue its bond buying program.Bulls also glommed onto to the ADP
Employment report showing 201K private jobs created. Many of these were part
time workers and only 3K was in manufacturing but again, algos aren’t
interested in the details. Jobless Claims were better (365K vs 370K expected
& prior revised higher once again to 377K from 374K). These prior revisions
are batting 1000 this year and while claims data improved they’re still
trolling along unacceptable levels. In fact, so many have exhausted their
benefits the data becomes misleading.Beyond the details stocks rallied sharply
scoring one of the best trading days in 2012. Stocks globally due to ZIRP and
QE remain highly correlated picking leaders more difficult as is creating a
diversified portfolio. Just pick the sector with the highest beta, like small
caps (IWM) and stick with that since you don’t need many ETFs or stocks. Bonds (IEF) were weaker
as equities rallied while the dollar (UUP) was also weaker. Commodities (DBC)
and precious metals (GLD) & (SLV) continued to rally as easy money from
central banks debases fiat currencies.On deck Friday is the monthly employment
report which could add fuel to the QE fire domestically. And, let’s not
forget Bernanke’s own boasts about higher stock prices as a result of
Fed policies (ZIRP & QE). The central planners have gone too far down this
QE road to stop now. Doing so serves their short-term political agendas for
when markets meet their maker they’ll be long gone. The important part of QE is the
money created goes directly to banks and then may trickle down to people. This
is why QE and ZIRP have only helped stocks but not unemployment or economic
growth.Investment Tip: With
equity markets highly correlated one sector and country to another you don’t need many
stocks or ETFs to create a portfolio as diversification attempts are futile.
With global QE, less is more.Volume increased dramatically on the ECB’s money printing
as investors know stocks can inflate too. Breadth per the WSJ was quite
positive and some sectors scored a 90/10 day it seems...’
Today's move can be summarized in one word: euphoria.
The same euphoria every previous instance of central planning intervention has
engendered, only to fade days, weeks or months later. But for the time being it
will suffice, and send the S&P to fresh post 2008 highs. In the meantime,
below is the definitive note summarizing what has just happened, courtesy of
Pierpont Securities via Bloomberg.
And, we should add, once the Greek realize they were
just swindled by the ECB's refusal to implement retroactive pari passu status
on the now-defunct SMP program, in the process preventing the reduction in
Greek debt by tens of billions as it gets the same treatment as all other Greek
debt as part of the country's recent restrcuturing, the political upheavals
will return.
But for now, as said above, we have euphoria. Enjoy
it while it lasts.
http://theeconomiccollapseblog.com
http://albertpeia.com/40statsyourenotbetteroff.htm
Guest
Post: Economic Fallacies And The Fight For Liberty ZeroHedge.com It’s easy to be pessimistic over the future prospects of
liberty when major industrialized nations around the world are becoming
increasingly rife with market intervention, police aggression, and fallacious
economic reasoning. The laissez faire ideal of a society where people should
be allowed to flourish without the coercive impositions of the state is all but
missing from mainstream debate. In editorial pages and televised
roundtable discussions, a government policy of “hands off” is now an unspeakable option. It is presumed that
lawmakers must step up to “do something” for the good of the people. Thankfully, this
deliberate false choice will slowly but surely bring the death of
itself. Illogical theories can only go on for so long before the
push-back becomes too much to handle. For those who desire liberty, it’s a joy
that the statist economic policies of the Keynesians become even more
irrational as the Great Recession drags on. The two following examples will
illustrate this point…’ , The
Glass-Half-Full, Glass-Half-Broken 'Goldilocks' Payroll Preview , Peter
Schiff Discovers No Country For Corporate Profits , The
Post Globalized World Part 2: Why The PIGS Are (Still) Out Of Luck , The
One Chart To Explain Why Draghi's Blunt Tool Can't Fix Europe The monetary policy transmission mechanism
is broken in Europe; we all know it and even ECB head Draghi has admitted it
(and is trying to solve it). As Bloomberg economist David Powell noted though, Draghi may have to address the economic fragmentation of the euro area
before undoing the financial fragmentation of the region. The
latter may just be a symptom of the former. The Taylor Rule, a policy
guideline that models a monetary authority’s interest rate response to the paths of inflation
and economic activity, highlights the drastically different monetary
policies required across the various EU nations as a result of their variegated
domestic economic conditions. This variation creates concerns over
sustainability and the rational (not irrational as Draghi would have us
believe) act of transferring deposits to 'safer' nations for fear of
redenomination. As Powell notes: Draghi will probably have to convince market
participants of the economic sustainability of the monetary union before the
financial fragmentation of the region is ended. The large-scale extension of central bank credit to potentially
insolvent countries is unlikely to accomplish that - as economies remain hugely
divergent. , The
New Normal Of Investing: Bonds For The Price, Equities For The Yield , The
Death Of IPOs, And Why It Matters To You
, A
Gentle Reminder Of The (In)Effectiveness Of Prior ECB Bond Buying , In
His Own Words: Draghi's Debasement In Two Minutes In case you missed it. Here is Draghi's two minute diatribe,
courtesy of Bloomberg TV, sprinkled liberally with every algo-headline-seeking
word required to raise the perception that something actually just happened
other than smoke, mirrors,… , Non-Manufacturing
ISM Comes Diametrically Opposite To Manufacturing Indicator (In other
words, cooked/fudged/b***s***)
Three
Times As Many Americans Enter Poverty As Find Jobs
zerohedge.com | June saw
a new surge in Americans living in poverty and thus eligible for foodstamps.
Michael Tennant | The U.S.
government is sitting on a mountain of debt — literally.
European
Stocks Could Correct Up to 20%: Marc Faber
CNBC | European stocks, which have been in a broad
upswing for the past three months, could retreat by up to 20 percent,
presenting an opportunity to move back into the market, says Marc Faber.
Submitted by Tyler
Durden on 09/05/2012 That the SEC is the most incompetent, corrupt,
irrelevant and captured organization "serving" the US public
is known by everyone. And while the details of the SEC's glaring lack of
capacity to do anything to restore investor confidence in the capital
markets, which has become a casino used exclusively by Wall Street to defraud
any retail investor still stupid enough to play (which lately a moot point as
there have been no material retail inflows into mutual funds in over three
years), are scattered, courtesy of Bloomberg we now have the best summary of
just how the utterly clueless SEC is a muppet plaything of Wall Street, and together
with it, the "grand regulation" that was supposed to keep Wall Street
in check, is nothing but what Wall Street demand it to be, and forced the SEC,
way over its head on regulation, to accept every change, that the very banks
that are supposed to be regulated, demands as part of Dodd-Frank reforms. In
short: everything we know about Wall Street 'regulation' has been a farce, and
a lie, exclusively thanks to corruption rampant at the now documentedly
incompetent Securities And Exchange Commission.
Financial Post (Sept 5) — The price
of gold is expected to increase over the next four months as investors demand a
safe haven amid concerns over a euro-zone break up according to a new report
from Capital Economics.
“We would continue to emphasize that
our forecast of a rise in price to $2,000 per. oz by year-end does not rely on
the launch of a third round of qualitative easing (QE3). Rather it is mainly
based on an exception that a break up of the euro-zone will boost the demand,”
said economist John Higgins.
JK Comment: So if gold’s rise to $2000 doesn’t depend on QE3, what will happen to the price if
Bernanke does press forward? The specter of combined European and US easing is
certainly creating a bigger, perhaps even a ‘perfect’, storm for gold. Maybe it is the fact that gold
doesn’t ‘need’ QE3 to get
to $2000, yet QE3 seems like such a strong possibility, that is prompting a
spike in $2000 price predictions/expectations:
Here’s a few…….
Merrill
Lynch
Economist
Shayne Heffernan
Afshin Nabavi, head of trading at MKS
Finance
http://albertpeia.com/outrageoushospitalbills.htm
9-4-12 Dave’s Daily: http://www.etfdigest.com
‘ALGO DRIVEN TRADING DOMINATES TUESDAY
9-4-12 The basic news on the day was universally poor and the market
reacted negatively, even logically. But as the day wore on the trusty 2:15 PM
Buy Program Express took the lead and pushed markets higher. It can only be the
result of the ongoing “bad news is good” theme indicating more QE must be on the way. And, let’s face it, our crack addicted trading desks believe in the Bernanke Put
and the global central bank put. It’s quite apparent
reading the news from China this morning as pundits were universally calling
for more PBOC stimulus—it’s QE contagion.
Moody’s cut their European outlook to negative which must be viewed two
ways: Moody’s gets no respect and it means
more QE. Speaking of which the ECB is rumored to be launching “unlimited” bond buying (QE) with “conditions” (whatever those might be). The
bond buying is said to be 0-3 year maturities with the implication being the
problems of austerity and debt would be Clouseau-like
“sol-ved” during that period.
Given that sort of optimism you’d not be incorrect in assuming the
ECB will need a bailout itself down the road.In lesser news Swiss GDP surprised
to the downside, -.1%. In the U.S. the PMI was flat (51.5 vs 51.4) but the ISM
Mfg Survey weakened for the third month (49.6 vs 50 expected & prior 49.8)
as did Construction Spending (-.9% vs .4% expected & prior .4%). Naturally
this was more QE3 friendly which is bullish in the Twilight Zone.As stated,
stocks were much weaker most of the day until an algo driven rally awakened
bulls late as buy programs kicked-in at the usual hour. But into the closing 20
minutes sell programs hit the tape sending stocks lower once again. There’s no two ways about it, September and October will feature more than
the usual amount of volatility.Apple (AAPL) also known as “the market” announced it will put on another
show for the financial media September 12th to unveil its new iPhone
presumably. This naturally got the tech sector (XLK) fired-up from its lows of
the day to close mostly flat. The biggest mover was small caps (IWM) which are
the most sensitive and addicted to QE. The dollar (UUP) was relatively
unchanged, bonds (IEF) were weaker, commodities (DBC) were mixed while precious
metals (GLD) and (SLV) were higher.Investment Tip: Bill Gross of Pimco
tweeted today that investors should buy gold as a hedge against the money
printers globally. Who are we to argue? We’re long gold both
vanilla and leveraged. Gross: Draghi appears willing to write 2-3 year “checks” to peripherals. Very
reflationary. Buy gold, TIPS, real assets.— PIMCO (@PIMCO) September 4, 2012 Volume was only modest overall as perhaps
some Labor Day stragglers were coming back to work from the Hamptons. Breadth
per the WSJ was mildly positive…’
, 18
Indications That Europe Has Become An Economic Black Hole Which Is Going To
Suck The Life Out Of The Global Economy
http://albertpeia.com/18indicationseuropesuckinglifeofglobaleconomy.htm ,
THREE CHARTS TO WATCH FOR SIGNS OF WHAT’S TO COME http://albertpeia.com/3chartstowatchwhatscoming.htm , Economic
Failure: 58 Percent Of The Jobs Being Created Are Low Paying Jobs http://albertpeia.com/oecofailureandlowpayjobs.htm , Moody's
Downgrades European Union To Outlook Negative ZeroHedge.com , Guest
Post: Bernanke: "We Can't Really Prove It, But We Did The Right Thing
Anyway" (Riiiiight!) , Financials
Hide Analysts' "Earnings Recession" Expectations We know top-line numbers were a
disappointment in Q2; but the long-only AUM-defending commission-takers will
remind you that 'stocks are cheap', '...valuation...', 'money on the the
sidelines', and on the surface there was a 6.9% increase in EPS from Q2 2011
(growthy and as UBS notes - anything but anemic). But, like every good story,
the truth is darker under the surface; looking at earnings growth (i.e.,
without the impact of shrinking share counts) excluding prior-period Financial
sector writedowns, we see an outright earnings contraction. Further, consensus
estimates are calling for EPS growth to go negative in 3Q12 - falling to $25.07
from $25.65 - which will make two quarters in a row of negative earnings growth - what we would
consider an earnings recession. , Reality
Bites: Fedex Cuts Outlook On Global Growth Concerns ...and so it begins - with a bellwether:*FEDEX CUTS 1Q EPS FORECAST TO $1.37-$1.43, EST.
$1.56 "Weakness in the global
economy constrained revenue growth at FedEx Express more than expected in the
earlier guidance." FDX -4% AH and UPS -2.5% - both
to lows of year! This is a not a good sign for GDP! , It's
Official: $16,015,769,788,215.80
, Find
Out If Your Apple Device Was Among The 12 Million Units Hacked And Tracked By
The FBI , The
One Chart To Explain Why ECB's Short-Dated Bond Buying Program Will Fail ,
Mario
Draghi Reprises Hank Paulson: Demands Full Monetization Authority Or Else
Threatens With End Of Euro , Facebook
'Barely Legal' As 18 Penetrated
, Manufacturing
ISM Misses, Third Month In Contraction Territory; Biggest Miss In Construction
Spending In One Year , June
Foodstamp Recipients Hit All Time High As Three Times As Many Americans Enter
Poverty As Find Jobs , 19
Signs That Israel And Iran Are On The Verge Of War http://albertpeia.com/israeliranonvergeofwar.htm
Drudgereport:
UPDATE:
Obama gives himself an 'incomplete' grade... { Wow! The audacity! The unmitigated gall!
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. Did wobama expect that these things would in choom fashion magically
come to fruition while he was ‘workin on his tan’, golf swing, or shootin’
hoops on the taxpayer dime? http://albertpeia.com/wobamaschoomgangfantasy.htm
The point is that you don’t have to love Romney
but you at least have to like yourself in saying ‘NO!’ to more wobama b***s***
which is all that he is. Have some self-respect. His grade is unequivocally ‘F’
for failure, having failed to do as promised which coincidentally is a direct
cause among others of this debacle called america’s dark obama years. All the
talk/b***s*** cannot change that reality.
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!
Poll: R
48% O 44%
RASMUSSEN:
ROMNEY 47% OBAMA 44%...
GALLUP:
ROMNEY 47% OBAMA 46%...
Dem
Gov.: We're Not Better Off Now...
GALLUP:
Obama Job Approval Drops to 43%...
PROTESTERS
VOW BIGGER CROWDS IN CHARLOTTE...
'Occupy'
encampment re-opens near Dem convention...
DNC
security rules trigger free speech worries...
KING:
Obama presidency has been time of deep Dem decline...
Frustrated
union leader throws empty chair...
RECORD-HIGH
LABOR DAY GAS PRICES GREET DEMS IN CHARLOTTE...
RYAN:
President 'running campaign based on envy and division'...
GOP
launches 'Obama Isn't Working' message...
SUNDAY:
Dem Gov. -- We're Not Better Off Now...
MONDAY:
'We're Clearly Better Off'...
BIDEN:
'If It Weren't So Hot I'd Go Into Detail'...
Debt
to hit $16 trillion just as party gavel in convention...
Dems
to bus in black church members from SC...
ID
required to attend...
'GODFATHER'
TO CUT DNC TRIP SHORT...
Chicago
schools brace for strike...
Dems
Drop 'God' From Party Platform...
REUTERS
PHOTO DEPICTS HARRY IN HELLFIRE...
Endorse
taxpayer-funded abortions...
DNC
Video: 'The Government Is The Only Thing We All Belong To'...
ABCNEWSWASHPOST
POLL: Obama personal popularity fading...
Women Turning...
DEBT
TOPS $16T...
$136,249
Per Household...
FOOD
STAMP USE CLIMBS TO RECORD 46.7 MILLION...
Key
SOLYNDRA figure 'ran for exit' after seeing ABCNEWS cameras on DNC floor...
UPDATE:
Obama gives himself an 'incomplete' grade...
POLL:
Just 40% say he deserves second term...
POLL:
Less Than Half of Army Officers in Afghanistan Report High Morale...
Panicking
Spaniards Pull Out Cash, Leave Country...
Depression,
Suicides Rise as Euro Debt Crisis Intensifies...
MOODY'S
Changes Rating Outlook to 'Negative'...
COPS:
Mother Forces 10-Year-Old Boy To Rob House... { Shafique (black) and her son ran away but
Lynnwood police arrested her. They found a stolen laptop and crack cocaine. }
8-31-12 Dave’s
Daily: http://www.etfdigest.com
BERNANKE SHOWS UP, STOCKS
RALLY 8-31-12 { Absolutely amazing that
something that’s failed so miserably for all but the frauds on wall
street, the price for which will be paid by others now and in futuro could be
an accepted/anticipated/cheered strategy- How totally pathetic! How about real
valuations based upon real finance, economics as opposed to the fraudulent wall
street feel good from inflationary dollar debasement at everybody else’s expense! – summary: ‘…Stocks
bounced around most of the day but QE addicts are still running the show. After
all it is month-end the opportunity to window dress is ever present.The worst
measure of Consumer Sentiment, the U of Michigan’s data was positive (74.3 vs 73.5 expected &
prior 73.6). I say it’s the worst measure because it’s weighted
too heavily by stock prices. It’s an interesting disconnect from The Conference Board’s report on
Tuesday showing a dreadful (60.6 vs 65.4) reading. The Chicago PMI (50.3 vs
50.7) was a disappointment. Factory Orders showed a headline gain (2.8% vs -.5%
prior) but inside the numbers capital spending was 4% lower.Overseas the
eurozone offered the third straight month of gains despite dreadful economic
reports each month. The rumor du jour was that Jens Weidmann, head of the
Bundesbank and a thorn in the side of pro-bailout and QE forces in the ECB, was
contemplating retirement. That caused stocks to rally as the tough sheriff
might be leaving Dodge so the bad guys could tear up the town.One thing is
clear; gold (GLD) loves QE since it lowers the value of the dollar (UUP). And,
in case you forgot, one of the Fed’s two mandates is to protect the purchasing power of
the dollar. What’s the grade for especially given manipulated CPI data
…’ Regarding the rally? There’s a blazing
full, blue moon up there which has such effect on lunatics as are on wall
street and now in nations/markets worldwide! }
So no real idea what they are actually going to do.
However!
Submitted by Tyler
Durden on 08/31/2012
Perhaps it is the weight that is lifted from having
to tow the propaganda life while under the influence of the Fed, but Robert
Heller (ex Fed Governor) just laid out the 'translated' version of Bernanke's
speech this morning. "I
don't think the Federal Reserve will take any action, certainly not until the
fiscal cliff, the fiscal uncertainties are actually addressed," which is
similar to our interpretation of Bernanke's comments as he added "if
they're not addressed and the economy falls off the cliff; yes, then you may
get QE3," but "I
don't see that happening before the election!" This great
interview - somewhat stunningly truthy for CNBC - is well worth five minutes of
your time (on this ever-so-hectic Friday before Labor Day) as Heller discusses
teh fading impact of QE, the risk of enormous losses for the Fed, and the
danger of believing in a 'safe' exit strategy.
Submitted by Tyler
Durden on 08/31/2012
The market is indeed a discounting mechanism it
appears. In a mere 20 milliseconds, the world's 'traders' had managed to read
Bernanke's 4549-word script, interpret it (as bearish in this case - which
apparently is wrong now?) and start to sell down the major equity indices. As Nanex points out, not only was
the reaction lightning fast (actually faster than lightning) but it occurred in their newly created 'fantaseconds' as trades were timestamped
'before' the bids and offers were even seen in the data-feed. How long
until the machines can interpret Bernanke's 'pre-QErimes' and really front-run
reality?
Submitted by Tyler
Durden on 08/31/2012
It is no
secret that having failed repeatedly at the trickle down aspect of
QE1, QE2, Op Twist 1, Op Twist 2 (and implicitly LTRO 1 and LTRO 2) as it
pertains to the man in the street (if not the man in Wall Street, who was subject to 1-2 years of subpar
bonuses which have since regained their upward trendline), the last effort the
central planners of the world, and the administration, have is to furiously do
everything in their power to reflate housing one more time, following what is
already a triple dip in home prices ever since the December 2007 start of the
Second Great Depression. Which is why month after month we get seasonally
fudged, conflicted and outright manipulated data from various sources how
housing has bottomed, for real this time, and things are finally looking
up. Remember: with any con game, the key word is confidence, and the US
consumers need to regain their confidence. Sadly, as the following very simple
chart and accompanying explanation, the answer to the housing question is only
one: there will be no housing recovery
until much more debt is eliminated. $3.2 trillion to be precise. Everything
else is merely fits and spurts of upward action predicated by easy money
hitting the market either directly, or via the "REO-to-Rental"
stimulus program du jour, which lasts for a few months then promptly
evaporates.
8-30-12 Dave’s
Daily: http://www.etfdigest.com
PROTECT YOURSELF AT ALL TIMES
8-30-12 { Carbon-based unit indeed, Dave. Brings to mind that great first installment
of what was to breathe life into that ultimately hugely successful franchise, ‘Star Trek’; viz., the
profound ‘Star Trek: The Movie’, directed by no less than Robert Wise (‘The Day the
Earth Stood Still’) himself. }
There’s enough ideas about what to do now as Bernanke steps
to the plate Friday to either regurgitate familiar messages, provide more QE,
conduct more coordinated QE with other central banks or something not imagined
by this carbon based investor. And as luck would have it, the day before this
announcement the S&P 500 tested its 1400 level of support. I think the HAL
9000s must be on autopilot for that one. September and October are fraught with
perils including eurozone drama, the Fed to U.S. elections. What’s an
investor to do? For our part we’ve moved heavily to the sidelines given weekly DeMark
9 setups of two weeks ago. From those generally in my experience we can just
move sideways or correct nearly 70% of the time—a pretty good batting average. Failing that a rising
trend most likely occasioned by more money printing would steamroll the
indicator and most others. Let’s just call it the “more money than brains” effect. But since you may not have our preferred
tool at this time, what are other things you might do to protect yourself.
After all, sleeping at night free from worry is important to most investors.
Never mind that greed and fear can haunt you. You could tighten your stops if
you’re long. In
this environment with machines running Wall Street these could be blown apart
on any major gap down. Sure, you could use “limit” orders and that might prevent a poor initial result
but if markets continued to drop precipitously you’re still
out of luck. You could buy some put options on the S&P but that might not
be your thing. And, if you did, which should you choose? As a former options
principal my style would be to buy an “in the money” put option with a duration beyond shortly beyond the
November election. If you’re wrong and markets rally you can close your
position and write-off the loss as the cost of the insurance premium. There are
more sophisticated option related strategies but they’re quite
complex for most investors. You could buy an inverse equity ETF like ProShares’ Short
S&P 500 ETF (SH) to hedge and perhaps just hold for a month or so given
potential tracking inefficiencies. If you’re bullish, you could put a buy stop limit order
beneath the current market, and if it falls sharply you’ll get a
cheaper price—lucky you! Moving to the sidelines is the least
costly unless you’re consumed by the fear of missing out on a big
rally. This is more common than most imagine since bulls like to tell you with
certainty that you’ll miss the first move which is always the biggest.
But I’ve always
reminded investors of one caveat; you’ll miss the first move but in which direction? Since
we’re always
willing to short if we have a signal to do being ready to go long or short from
cash is equally as important. So where does this all leave us? Probably just as
confused and frustrated as you. Meanwhile, back at the ranch Wall &
Broad markets sold-off as rumors persisted there won’t be QE3
because conditions are just too good. Seriously.
Jobless Claims missed (374K vs 370 expected & prior revised higher to 374K0
allowing headline writers to call things unchanged. Personal Income was
unremarkable (.3% vs .3% expected & prior .3%) and Consumer Spending rose (.4% vs. .4% expected & prior .0%) meaning
more spending than income. The Fed’s favorite view is PCE (1.3% vs 1.5% prior & “core” 1.6% vs
1.8% prior) which suggested higher prices are contained. Mrs. Bernanke doesn’t shop and “the beard” has a limo
so no worries. In the eurozone confidence dropped to 86.1, the lowest since…wait for
it, August 2009. China stocks dropped for the 4th straight month.
Separately, copper demand from China was the lowest in 15 years—that’s quite “a tell” of declining economic activity. This is an
abbreviated post targeting just a few markets since everything is Bernanke
dependent now. Volume on selling naturally rose to the highest level this week
but was still low historically. Breadth per the WSJ was negative…’ , Clint Eastwood to speak at the Republican National Convention:
reports { Indeed he did! All is
not unforgiven. That’s a double-negative, Clint, meaning all’s forgiven
( I just wanted to interject his oscar-winning ‘Unforgiven’ for the
record, along with ‘Million Dollar Baby’) for your
pro-gay marriage, don’t give a f*** egalitarian position (I actually
thought in light thereof he was a ‘wobama man’)... 82 and
still truckin’ in a big way…what a guy…I’m impressed…he made our
day! ( There are some detractors, talkin’ this and that
about his speech; but, the point is that Clint’s doing it,
not just talkin’ about it! ) Well Done, Clint! I’m also adding here for the record the
fact that Robert Duvall did a fundraiser for President Romney with First Lady
Ann Romney; and, had an underrated, underappreciated superb (less than big
budget) film of his own, ‘Assassination Tango’, which in
light of nuanced performance and attention to detail deserved greater attention
and acclaim ( any guy whose been offered a free poke from Diane Lane [‘Lonesome
Dove’] and loves the smell of napalm in the morning [the
great ‘Apocalypse Now’] is more
than okay in my book). And, Jon Voight: The Advocate … Who woulda
thunk it? Cogent and relevant! } , Tokyo
court rules that Samsung did not infringe on Apple patent AP { This
is a very big deal! } , More
Bad News Imminent: August US Auto Production Set To Plunge By Most In 16 Months , What
Americans Actually Do All Day Long - In Three Charts ZeroHedge.com The average American spends 9 hours, 12 minutes, and 36 seconds
'Working & Commuting' on an average workday. Wonder what they do with the
rest of their precious 'unproductive and non-tax-providing' day? http://albertpeia.com/whattheydo.png , Guest
Post: Paul Krugman’s
Mis-Characterization Of The Gold Standard
With a price hovering around $1,600 an ounce and the prospect of
"additional monetary accommodation" hinted to in the latest meeting
of the FOMC, gold is once again becoming a hot topic of discussion. Krugman,
praising 'The
Atlantic's recent blustering anti-Gold-standard riff, points to gold's
volatility, its relationship with interest rates (and general levels of asset
prices - which
we discussed here), and the number of 'financial panics' that occurred
during gold-standards. These
criticisms, while containing empirical data, are grossly deceptive. The
information provided doesn’t support Krugman’s assertions whatsoever. Instead of utilizing
sound economic theory as an interpreter of the data, Krugman and his Keynesian
colleagues use it to prove their claims. Their methodological positivism
has lead them to fallacious conclusions which just so happen to support their
favored policies of state domination over money. The reality is that not only has gold held its value over time, those
panics which Krugman refers to occurred because of government intervention; not the
gold standard. Keynes himself was contemptuous of the middle class
throughout his professional career. This is perhaps why he held such disdain for gold. ,
Charting
The Unprecedented 'HFT-Driven' Rise In Intraday-Trading Volatility , The
Election: It's The Food-Stamps, Stupid!
, As
Bank Profits Plunged In 2011, Banker Bonuses... Rose , ECB's
Asmussen 'Double-Speak' Confuses Algos But Rajoy Gets The Message , Guest
Post: On Switzerland And The Mafia
A few weeks ago, western governments' war on productive people took an
interesting twist when US
immigration authorities detained two teenage children of an asset manager based
here in Switzerland. The kids were traveling through the United States
by themselves to visit extended family, and they were interrogated for six
hours about their father's business and whereabouts. During the six-hour
ordeal, the children were not allowed to contact family members who were
waiting for them, nor any sort of attorney or advisor. This 'guilty until
proven innocent' approach is the same sort of special treatment reserved for
suspected terrorists. The only difference is that you don't end up in
Guantanamo. Free societies do not treat people this way. Hell,
most criminal networks don't even treat people this way. And while it may raise a few bucks in the short run, in the long run it's counterproductive.
People adapt. They create underground, cash-based economies. They leave.
Foreign investors stay away.
(USAGOLD) — Gold remains consolidative to mildly corrective.
While recent housing data took a little wind out of the sails of the QE3
advocates, the Atlanta Fed’s Lockhart seemed to suggest on CNBC today that
additional measures were indeed going to be forthcoming…it was just
a matter of timing.
Lockhart said that more easing in September was going
to be a “close call,” reiterating that action was data dependent in
saying, “If we were to see deterioration from this point, let’s say a
persistence of job growth numbers that were well below 100,000 per month, or
see signs of disinflation that could signal the onset of deflation, then there
wouldn’t be much
of a question about policy.” Those data have not been quite that bad of late,
suggesting perhaps the Fed might indeed be looking to keep its powder dry for
the time being.
Nonetheless, the market will be hanging on Bernanke’s every
word when he speaks in Jackson Hole on Friday. They’ll be
hoping to glean additional clues as to the likelihood of further Fed measures
in September, or whether they should just start looking forward to the October
FOMC meeting.
Our own Mike Kosares, wrote a couple really good
posts on the Breaking News Page yesterday on the topic of QE3:
One
man’s opinion on
Bernanke’s QE3 quandary
Follow
up question: How would the lack of QE3 affect the gold market?
As I’ve stated in the past, the direction gold ultimately
takes is not wholly dependent on whether there is a QE3 or not. Mike apparently
agrees, calling QE3 a “huge distraction and a short term consideration that
takes away from the real reasons why the gold price might rise in the years to
come.”
The speculation about additional ECB measures
continues to rage as well. Both business and consumer confidence in the
eurozone plunged to 3-year lows in August, upping the pressure on ECB chief
Mario Draghi to find a way to provide additional stimulus without enraging
core-Europe…and specifically the Germans.
• US initial jobless claims UNCH at 374k for the week
ended 25-Aug, above expectations of 370k, vs upward revised 374k in the
previous week.
• US personal
income +0.3% in Jul, in-line with expectations, vs negative revised +0.3% (from
+0.5%) in Jun.
• US PCE
+0.4% in Jul, in-line with expectations, vs UNCH in Jun.
• German
unemployment (sa) steady at 6.8% in Aug, in-line with expectations.
• Eurozone economic
confidence fell to 86.1 in Aug, below expectations of 87.6, vs 87.9 in Jul.
• Eurozone
consumer confidence confirmed at -24.6 in Aug.
• Eurozone
industrial confidence fell to -15.3 in Aug, below expectations of -15.0, vs
negative revised -15.1 in Jul.
• Eurozone
business climate improved to -1.21 in Aug, on expectations of -1.30, vs -1.27
in Jul.
• Eurozone
services confidence fell to -10.8 in Aug, below expectations of -9.0, vs -8.5
in Jul.
• Japan
large retailer sales Y/Y JUL -4.4% y/y in Jul, vs -2.6% y/y in Jun; total
retail sales -0.8% y/y.
http://theeconomiccollapseblog.com
http://albertpeia.com/proscons50states.htm
{ You really can’t dismiss this brief/simplistic survey out of hand;
after all, he gets the the following almost right (jersey should be ranked
below all; ie., ‘F-‘ !) New Jersey: Pros: anyone got something? Cons:
high population density, Camden, Newark, not enough jobs, multiple nuclear
power plants, Atlantic City, crime, gang violence Overall Rating: D- /
California: Pros: Disneyland, warm weather, Malibu Cons: high taxes, Jerry Brown, earthquakes,
mudslides, wildfires, gang violence, crime, traffic, rampant poverty, insane
politicians, ridiculous regulations, bad schools, political correctness,
illegal immigration, not enough jobs, air pollution, multiple nuclear power
plants, possible tsunami threat along the coast, Los Angeles, San Francisco,
Oakland, Stockton, Sacramento, huge drug problem, high population density, the
state government is broke, many more reasons to leave California right here http://albertpeia.com/16reasonstomoveawayfromcalifornia.htm http://albertpeia.com/hopelesscluelesscalifornia.htm Overall Rating: F }
8-29-12 Obama
Has Stolen $5.3 Trillion From Our Children In Order To Make Himself Look Good http://albertpeia.com/obamastole5plustrillionfromuschildrentohidehisfailure.htm ‘Barack Obama has destroyed the future of America in
order to improve his chances of winning the next election. Under Obama,
5.3 trillion dollars has been ruthlessly stolen from our children and our
grandchildren. That money has been used to pump up the debt-fueled false
prosperity that we have been experiencing. When the U.S. government
borrows money that it does not have from someone else (such as China) and spends
that money into the economy it is going to make our economic numbers look
better…By the end
of Obama's first term, the U.S. national debt will have grown more than it did
from the time that George Washington became president to the time that George W.
Bush became president…’ , Citigroup
Has The Best Summary Of Europe's Fiasco Yet: "Losses Are
Unquantifiable"
ZeroHedge.com Feel like every day Europe is juggling hot potatoes? You are not alone. As the
following graphic summary from Citi's Matt King (whose insight into Europe,
liquidity conduits, shadow banking and a comprehensive picture of modern
financial "innovation" has rapidly become second to none) shows, the hot potatoes are getting hotter by the minute, and are
flying ever faster and higher. But the kicker: King has the best punchline on
Europe we have yet encountered: "Losses are unquantifiable"
Q.E.D. , Guest
Post: Boom and Bust - The Evolution Of Markets Through Monetary Policy The outcome of the next round of monetary
policy will be similar to those in recent history mentioned in this paper... "Perceived inflation will go through the roof. We’re talking
about near 0% interest rates around the developed world (near-term rates in
Germany hit 0% in the auction at the end of May and are expected to go
negative). Oh yeah, and massive inflation. I think gold will have no trouble hitting $3,000/oz in the medium-term and I see
copper tripling over the next decade. This is, of course, until we hit
the next bubble sometime around 2018 and start over again. The trend remains:
since the stock market crash of 1987, through the dotcom bubble, and into the
real-estate & stock market bubbles of 2007, each euphoric high and ensuing crash have been more extreme than the
last. These extremes are fueled by the easing that
is meant to cure us. The policy that we are facing within the coming
months/years will, as the trend dictates, trump them all, and so inevitably
will its hangover." , Draghi’s Master Plan Matrix Following the dismal failure of Draghi's
OpEd this morning (which we assume was a reprint of his much-anticipated - and
now cancelled - speech from J-Hole) to jawbone anything but a very brief pop in
EURUSD, we thought it useful to aggregate
all the great-and-good deeds the ECB elder is considering (and why). Europe
remains in a long-term deleveraging phase (as much of the developed world finds
itself). This lack-of-demand for credit has crushed the so-called 'money-multiplier in Europe, just as
it did in the US (which
we discussed in detail here as worse than the Depression); as banks have simply stockpiled the vast sums of LTRO/ECB-collateralized
funds. This has left him feeling less than his normal
omnipotent self and so he is forced to act even more extremely (or talk about
acting that way). The following matrix from Morgan Stanley outlines his policy
options under various scenarios as we note few (aside from a rate cut) are
actionable in the short-term, and even fewer are likely to make any difference
to this long-term deleveraging-cycle
, VIX
Rises, Equity Futures Fall, Volume Disappears (Again) , Your
Tax Dollars At Work: The US Budget Visualized For Congressional Dummies With a $3.8 trillion yearly budget, the US
Government is the most powerful entity in the world. This simple infographic
shows how the money was spent. , Guest
Post: Doug Casey Uncovers The Real Price Of Peak Oil Doug Casey is of the opinion that the Hubbert peak-oil theory is correct. In the 1950s, M. King Hubbert
projected that US oil production would start declining in the 1970s, and he was
accurate. Then he projected that in the mid-2000s, the world's production of
light, sweet crude would start declining. He was quite correct about that, too.
There will always be plenty of oil at some given price, but to produce oil – even
conventional, shallow, light sweet crude – now costs close to $40/bbl in many places. Drilling in politically unstable jurisdictions with sparse
infrastructure is neither cheap nor fun. We're talking about production costs
of at least $80/bbl in many cases. In an industrial world with seven
billion people, the only energy source that makes sense is nuclear power.
Sure, you can use wind and solar from time to time and in certain places.
But those technologies are extremely expensive, and they absolutely can't
solve the world's energy problems.
, Chart
Of The Day: From Pervasive Cheap Credit To Hyperinflation , Place Your Bets The Chinese Stock Markets are returning to
the lows of 2009 and the Europe is mired in a recession. The American Stock
Markets are not far off their highs and we do not think this will continue.
Mark Grant is quite negative, for all kinds of reasons, about our equity
markets now and would be taking profits and returning to the more assured bets
of getting yield from bonds and not from dividends. A dividend may be
reduced or cancelled by the wave of some Boards’ hand one
afternoon while senior debt cannot be cancelled without the company or the
municipality going into bankruptcy so that the top of the capital structure is far safer than relying upon
dividends for income. In the next sixty days we are faced with Greece,
Portugal, Spain, Italy and ECB issues that are quite serious both economically
and politically. You may think what you like but there is a lot of risk on the
table; of that you may be assured. When
someone says, “Buddy can you spare a dime” we would like to be the one being
asked and not the one doing the asking. It is here where we stand and wait.
European
Bank Run Watch: Spaniard Edition
Reggie Middleton The Spanish bank run has started - as was explicitly
warned about 6 months ago!
, JaCKSoNHoLe
2012 williambanzai7 Another
year, another central planning pipe dream...
, Three
Questions for Mario “bumblebee” Draghi Phoenix Capital... Mr Draghi… a few
questions for you…
ZeroHedge.com by Tyler
Durden on 08/29/2012
Into
the Meat Grinder: A “Market Meltdown the Likes of Which We’ve Never Seen Is
Upon Us”
8-28-12 Dave’s Daily: http://www.etfdigest.com
‘QE
QUESTIONS { To QE or not to QE, that is
the question…whether it is nobler in the mind to suffer the slings
and arrows of outrageous destruction of fortunes … ah, yes … good
choice Dave … I know those soliloquies by heart…and now, a
little Lewis Carroll with a mad hatter none other than
helicopter-ben-shalom-bernanke … } 8-28-12 It’s not like
words fail me, it’s that volume and waiting do. Yesterday I didn’t post as
volume on much watched SPY was only (cough) 65M shares. That’s even less
than a half-day holiday-like trading. Markets followed by doing little. What’s the point
of even discussing it? As long as economic data dominates without market
reaction it’s hard to write much. I may continue light posting
until Friday if this persists. All eyes are glued to whatever hints develop
before Jackson Hole and events that follow in rapid fire succession in
September. Traders (wish I had done the same) have taken the last two weeks of
August off. That in itself isn’t unusual but this lack of action is extreme. Clearly
those less fortunate junior traders have been left in foxholes to defend the
market status quo. Both bulls and bears are essentially sidelined. The Fed’s oracle,
Hilsenrath is awaiting orders and targeted leaked information to assuage
investors causing algos to jump or not. Early on it was noted the ECB’s Mario
Draghi would be making an appearance and might have been the star of the
Jackson Hole show. But today he backed out. Some have rationalized this to mean
he either didn’t want to steal the limelight from Bernanke or he had
no ability to confirm previous statements to “defend the euro at all costs” and etc.
Perhaps this might mean in Bernanke’s speech Friday he will reveal new actions. If he has
the authority to implement another round of QE he must have gotten votes to do
so via a conference call with other voting Fed governors. But I speculate.
Spain’s GDP
shrunk once again to -.4% which seemed generous given the news backdrop. The
Catalan province “demanded” a €5 billion bailout “without” any conditions. (Beggars are now choosers.)The Basel
Group is now under direct ECB pressure to relax new liquidity rules for banks
which some might surmise would allow for additional misbehavior.Not to be left
out, Japan is lowering its GDP estimates but can’t really find a firm number to assign to it. Let’s just say
things aren’t good.In the U.S. Consumer Confidence imploded (60.6
vs 65.8 expected & prior 65.9) or a 9 month low. This was quite stunning
and may be the result of rising gas prices and ongoing joblessness. You wouldn’t have
known this by the Consumer Discretionary sector (XLY) which rallied on the
news. This reflects the “bad news is good” theme for QE pimps. Bulls liked that Home Prices
rose .9% or the same as in June although it seems to me this is the season for
home buying. But even Shiller commented that improvement was nice but there
wasn’t a rush to
buy. The Richmond Fed Index was better but still weak at -9. http://albertpeia.com/consumercon.png Wednesday will feature U.S. GDP data,
Corporate Profits and Pending Home Sales. This is an intense week for economic
data although the featured player remains the Bernank.The dollar (UUP) was weak
while gold (GLD) and silver (SLV) were higher. Oil (USO) was only slightly
higher keeping commodity tracking ETF (DBC) only slightly better on the day.
Bonds (IEF) once again rose on the weak overall economic data.Stocks limped
along throughout the day Tuesday closing mostly unchanged. Volume was once
again ultra-light and breadth per the WSJ was mixed overall…’ , Drudgereport: Gasoline To Hit Labor Day
Record Price... { Predominantly the consequence of failed QE for the
benefit of fraudulent wall street only and wobama’s (failed) re-election scam! }
, Is
There Going To Be A Stock Market Crash In The Fall? http://albertpeia.com/stockmarketcrashcoming.htm { Short answer, YES! If there’s still any
rationality left in these stock markets! }
, FOUR REASONS WHY THE FED WILL
NOT ANNOUNCE QE 3 THIS FRIDAY gpc1981 http://albertpeia.com/4reasonsnoqe3.htm , $16,OOO,OOO,OOO,OOOBAMA! ZeroHedge.com November
16, 2011 was a historic date: that's when the US officially surpassed $15
trillion in debt for the first time since World War 2. We celebrated it by
cheering $15,OOO,OOO,OOO,OOOBAMA. Today, August 28, 2012, is when we can unofficially
celebrate again, because 286 days after the last major milestone was surpassed
with disturbing ease, total US debt following today's $35 billion auction of 2
Year bonds is, well, in a word: $16,OOO,OOO,OOO,OOOBAMA! , Judgment
Day For The Euro And What's At Stake Europe and the world are
eagerly awaiting the decision of Germany’s Constitutional Court on September 12
regarding the European Stability Mechanism (ESM), the
proposed permanent successor to the eurozone’s current emergency lender, the European Financial
Stability Mechanism. The Court must rule on German plaintiffs’ claim that
legislation to establish the ESM would violate Germany’s Grundgesetz
(Basic Law). Nobody knows how the Constitutional Court will rule on these
objections. It is good that the Court’s decisions cannot be forecast, and even better that
the Court cannot be lobbied or petitioned. The European Union can be based only on the rule of law. If
those in power can break its rules on a case-by-case basis, the EU will never
develop into the stable construct that is a prerequisite for peace and
prosperity. , The
'Euphoric' Economy And Why 'They' Didn't See It Coming We are often asked for glossaries or
background posts to help in the comprehension of how-we-got-here?,
where-here-is?, and where-we-are-going? We hope that our posts, while diverse
in nature, build upon one another and provide an educational platform for all
levels of market/economy participant (active traders, passive investors, and
working / non-working citizens alike) but as far as a succinct primer on how broken the status quo is and the 'euphoric'
economy that very few could see through their Keynesian "debt doesn't
matter" blinders, Steve Keen's introductory lecture at UWS is perhaps
the most complete soup-to-nuts discussion we have seen recently. From the
OECD's total ignorance to Bernanke's 'Great Moderation' miss; from economic
'religion' to science; and from Keynes to Minksy, Keen explains, in
language even Chuck Schumer could understand, how more debt doesn't solve too
much debt, how stability breeds instability, and why the US won't be finished
deleveraging until 2025 (at this rate).
, The
Ultimate Visualization Of Australia's Housing Bubble , Guest
Post: China's Difficult Choice
Over the weekend, we pointed out that the old
mechanism for the People’s Bank of
China to expand its balance sheet and create base money has been broken by
new funds flow pattern, and it will sooner or later require some sort of large
scale asset purchases programme a.k.a. quantitative
easing to offset the impact of the broken mechanism (after other tools such
as cutting RRR reach their limits). However, we also mentioned that as the private
sector is currently quite overstretched and will start the deleveraging process
(if they have not already started), and that would render traditional
monetary tools useless, and quantitative easing ineffective. And that would
necessitate deficit spending at both local and central government levels. If we
have read the social mood correctly that China might be more pro-austerity than pro-Keynesian, and if
policymakers indeed share that view, then the consequence in the near term
could be rather grim. The delay in stimulus as well as the small size of it so
far has already done damage, if you like. The economy is
already on course to a hard landing.
, China's
'Non-Performing Loan' Nightmare , From
Hard Landing To Train Crash, All Chinese Indicators Have Slammed On The Brakes , Guest
Post: The New Endangered Species: Liquidity & Reliable Income Streams , Drought
Crop Update: From Harsh Expectations To Harsher Reality , Despite
Record High Stocks, Consumer Confidence Crashes to 9 Month Low , Case
Shiller Home Prices Beat Expectations, Rate Of Increase Slows , Guest
Post: The Rot Runs Deep 2: Don't Call Out My Scam And I Won't Call Out Yours
"Everybody's going to war but we don't know what
we are fighting for."– Nerina Pallot, from "Everybody's
Gone to War"
Henry
Paulson Confronted on Threatening Congress With Martial Law
We Are Change | Paulson’s cronies
strong arm citizen journalists to prevent questions to former Treasury
Secretary and Goldman Sachs executive.
It
Is Not Just Your Imagination – American Families ARE Getting Poorer
The Economic Collapse | Did you know that median
household income in the United States is lower today than it was when the last
recession supposedly ended?
Breaking
Evidence in Gov’t Fraud Revealed
Infowars.com | The U.S.
Government is the world’s largest buyer of goods and services.
UK Daily Mail | The iPhone has already replaced digital
cameras, MP3 players and portable games consoles for most owners.
Whispers
on Wall Street: Major Financial House Is Going to Implode… Could It Be Morgan
Stanley?
Mac Slavo | Before the collapse of mega behemoth Bear
Stearns there were rumors that a major Wall Street firm had bitten off more
than it could chew.
Summer
Is Over With A Bang As Bomb Explodes Outside Greek Bank
Zero Hedge | A makeshift bomb exploded outside a
National Bank of Greece branch in Athens early on Tuesday, causing minor damage
but no injuries, police said.
Feds:
Too few Americans ‘turn to government for assistance’
Washington Examiner | More Americans rely on their
families for assistance than the government, so federal officials have
undertaken an effort to help people to apply for federal assistance.
Blunt Christie tells Republicans it's time to face fiscal truth
- TAMPA, Florida (Reuters) - New Jersey Governor Chris Christie accused
Democrats of refusing to tell Americans the truth about the depth of the country's
deep fiscal woes on Tuesday in a pugnacious...
{ I had no idea Gov. Christie
was a former federal prosecutor. Maybe he could find out what happened to asst.
us attorney Jonathon Lacey, the files/documents/exhibits etc., from as well,
former us attorney alito and fed judge maryanne trump barry, former us trustee
leonard … http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
http://albertpeia.com/fbimartinezcongallard.htm }
8-27-12 Doug
Casey Predicts Day of Economic Reckoning Is Near (Casey Research
8-27-12) http://albertpeia.com/caseysayseconomicreckoningnear.htm ,
ANGELA MERKEL JUST REVEALED THE TRUTH ABOUT EUROPE gpc1981 http://albertpeia.com/truthabouteurope.htm , It
Is Not Just Your Imagination - American Families ARE Getting Poorer http://albertpeia.com/americansgettingpoorer.htm , A
Flashing Warning On The "Unintended Consequences" Of Ultra Easy
Monetary Policy From... The Fed?!
Zerohedge.com , Guest
Post: The Endless War: Saudi Arabia Goes On The Offensive Against Iran , When
Channel-Stuffing Comes Home? GM 'Idles' Volt Production (Again) , Why
Paul McCulley Would Be Shorting The Economy With Both Hands Right Now According to the plethora of long-only
managers willing to trot out on the public stage and beg for more commissions,
the US has been (and will remain) the cleanest-dirty-shirt in the global risk
asset laundry basket; but as David Rosenberg of Gluskin Sheff points out not
only has the S&P 500 hit a new record high in its total return index but it
also possesses a rather 'ebullient' valuation premium
(2012E P/E) of 13.8x relative to China 9.8x and Europe 11.4x. However,
while this is more than enough to slow some investors from backing up the
long-truck, Rosie goes on to highlight a very worrisome indicator - that
favored by ex-PIMCO's Paul McCulley. The
YoY trend in the three-month moving average of core capex orders (which was
updated last Friday) has just cracked negative, crushing the hopes of US growth
prospects and we assume equity superlatives. However, since
the market no longer reflects anything; certainly not the economy, but merely
who will ease more when and how, one really can't short much if anything, even
if McCulley is 100% spot on. , Stocks
Stumble Despite AAPL's Best Efforts
Not even the almighty power of AAPL could bring to bear a positive end
to the day for the S&P 500 or the Dow. Most notably, the Dow Transports are
now -2.3% from the highs last Tuesday and diverging aggressively lower. Volume
was simply incredibly low today (with London close) in NYSE and S&P 500
e-minis where volume was its lowest of the year by a long-way. VIX soared today, up over 1.2vols to 16.4% with some major put-spread
buying in SPY. The afternoon weakness in gold, silver, stocks
broadly (and specifically Materials, Industrials, Discretionary, and
Financials) tend to indicate a QE-off move but Treasuries (which rallied
2-4bps) were largely unmoved in the afternoon. The USD limped higher also
(QE-off) all afternoon but ended the day practically unchanged with AUD weakness the standout. Oil was volatile as Isaac was
downgraded, cracks were arb'd, and SPR-release rumors swung it around - though
the economically-sensitive commodities
all clustered together at the close around -0.5%. , Lies,
Damned Lies, And Pianalto's QE/Deleveraging Lies We tried to bite our tongue; we ignored some of the sheer
hypocrisy of Cleveland Fed's Sandra' oh Sandy' Pianalto (that QE2 was a definitive
success in 2010 but now LSAPs require more analysis of costs and benefits);
but when she started down the road of praising the US consumer for deleveraging
we had enough. In the immortal words of John Travolta: "Sandy, can't you
see, we're in misery" as while she
notes consumers cutting back on credit card debt (due to forced bankruptcies we
note), Consumer debt has only been higher on one month in history! Soaring
auto loans and student debt should just be ignored? There is no deleveraging - Total US Consumer debt is 0.23%
from its all-time high in mid-2008, and will with all likelihood break the
record at the next data point. Meanwhile her speech, so full of
careful-not-to-over-commits can be summed up by the world-cloud that shows the
six words most prominent: 'Monetary Policy', 'Financial Conditions', and
most importantly 'Credit Economy'. Here's the deal: Consumer Debt is
Consumer Debt. , When
It All Goes Bidless: What Losing $1 Billion In 100 Milliseconds Looks LIke , Dallas Fed
Beats On Hope Alone As Prices Paid Jump Most In 19 Months , China
Stocks Drop To Fresh Post-2009 Lows Following Plunge In Industrial Company
Profits , Germany
Loses Confidence For The Fourth Month In A Row
Submitted by Tyler Durden on 08/27/2012
8-24-12 Dave’s
Daily: http://www.etfdigest.com
‘THE FED’S ORACLE KEEPS STOCKS GREEN 8-24-12 With stock
markets actually threatening a red week enter the Fed’s oracle,
the WSJ’s Jon Hilsenrath with a Bernanke
regurgitated “stick
save” QE algos
glommed on which rallied stocks. For non WSJ subscribers Bernanke stated
nothing new and just repeated the Fed is ready to provide accommodation using
more tools. We already know this. Stocks are being propped by some invisible
hand to keep things near to where they need be before TPTB act on QE, bailouts
and other stimulus. September will be an interesting month to say the least.
More QE has only helped stocks for as long as the actions last because they
provide liquidity to money center banks which then finds its way to trading
desks and other actors. Overall, Fed actions have scored an “F” on its
twin mandate: high employment and protecting the purchasing power of the
dollar. Durable Goods Orders headline beat (4.2% vs 2% expected and
ex-transport -.4%). However inside the number core capital goods orders dropped
3.4%, and that’s ugly. Meanwhile in the eurozone the ECB
is awaiting the German courts to decide whether the ESM is constitutional
(most think the court will allow it) before they undertake any bond buying.
Further there is no current plan to engage in bond buying. Merkel’s top
ally in her party stated the Greek deal can’t be renegotiated. And, the German finance ministry
is studying a
Greek exit costs. As noted yesterday earnings and revenue beats from 2,300
stocks have been as weak as 2009. Not a good thing. It’s Friday
and we needed the week to close green so conditions reversed overall. The
dollar (UUP) was up slightly, gold (GLD) was flat overall and commodity (DBC)
prices were mixed. Bond (IEF) were only slightly lower
with the stock market rally. Volume was once again ultra-light as the
Hilsenrath article got the algos going. Breadth per the WSJ was positive…’ , AN OPEN LETTER
TO THE MSFM: QE 3 ISN’T COMING, GIVE UP By gpc1981 http://albertpeia.com/qe3notcoming.htm , Guest
Post: Trading on Yesterday's News – What Does the Stock Market Really 'Know'? ZeroHedge.com We have critically examined the question of whether the stock market 'discounts' anything on several
previous occasions. The question was for instance raised in the context of what
happened in the second half of 2007. Surely by October 2007 it must have
been crystal clear even to people with the intellectual capacity of a lamp post
and the attention span of a fly that something was greatly amiss in the
mortgage credit market. Then, just as now, both the ECB and the Fed had
begun to take emergency measures to keep the banking system from keeling over
in August. This brings to mind the 'potent directors fallacy' which is
the belief held by investors that someone – either the monetary authority, the treasury
department, or a consortium of bankers, or nowadays e.g. the government of
China – will come
to their rescue when the market begins to fall. 'They' won't allow the market to decline!' 'They' won't allow a
recession to occur!' 'They can't let the market go down in an election year!' All of
these are often heard phrases. This brings us to today's markets. Nowadays,
traders are not only not attempting to 'discount' anything, they are investing
with their eyes firmly fixed on the rear-view mirror – they effectively trade on yesterday's news. { It bears repeating that never in history have the markets
become so disconnected from fundamental finance, valuation, an reality and so
completely and utterly fraudulent. I believe that computerization facilitating
multiple frauds at lightning speed, over and over again and again along with
re-hypothecation of already worthless paper at similar speeds is in part the
reason for the prevalence of such fraud along with the breakdown of american
among other societies into what yesteryear would have been scorned as ‘banana republics’ without any
meaningful rules of law whatsoever and pervasive, almost blatant, corruption at
every level. (This is not to blame
computers for the bad use they’re put to.) } , On
This Week In History, Gas Prices Have Never Been Higher Of course, we are sure this will not weigh
on Bernanke's decisions in the next week or two but for all those who don't see
inflation, courtesy of John Lohman, gas
prices have never been higher during this third week of August. We remain
flabbergasted that in the Wizard of Washington's recent defense of QE, there
was no mention of record high gas prices
as justification for it 'working' and it would appear that 'transitory'
means something different than us mere un-omnipotent-beings can
comprehend. , Guest
Post: Does the Bank of England Worry About The Cantillon Effect? The empirical data is in. And it turns out
that as we
have been suggesting for a very long time — yes, shock horror — helicopter dropping cash onto the financial sector
does disproportionately favour the rich. Here are four simple questions to the
venerable Bank of England (just as applicable to any and every Central Banker);
and sadly, we expect to see the announcement of more quantitative easing to the
financial sector long before we expect to see answers to any of these
questions. , Forsaken And Forgotten http://albertpeia.com/forsakenforgotten.htm , Discount
Rate For Banks: 0%; Discount Rate For The "Rest Of US": 400%; For
Everything Else There's TaxpayerCard
When your local friendly Too-Big-To-Fail bank needs a 'helping hand'
loan to get through pay-day or buy some extra S&P futures, it picks up the
shiny red phone and asks Ben for unlimited access to free money. When the
'rest-of-us' need a little extra - to get through the next week before our
pay-check hits, we call this guy - who charges a 400% APR. The Central Bank Discount Window - Priceless. , Guest
Post: Why You Always Want Physical Everything Simon Black recounts a recent experience as he pulled in to a gas
station in Italy; he whipped out his American Express card and asked the
attendant in broken Italian to turn on the pump. He acted like Simon had just
punched him in the gut, wincing when he saw the credit card. "No... cash, only cash," he said. I didn’t have very
much cash on me, so I drove to the next station where a similar experience
awaited me. This is a trend that is typical when
economies are in decline– cash is king. Businesses often won’t want to
spend the extra 2.5% on credit card merchant fees... but more importantly,
distrust of the banking system and a debilitatingly
extractive tax system pushes people into cash transactions. You
can’t really blame them. , Gold
And Silver Win The Week As Dow Sees First Weekly Loss In Seven Volume was dismal - aside from a massive
surge in S&P 500 e-mini volumes as the combo Bernanke bluff and ECB
bond-band-rumor hit the tape and exploded stocks up from two-week lows. A
late-day attempt to close the S&P green for the week failed and the Dow
ended with its first down week in seven weeks - and largest loss in nine weeks
- despite a magnificent centrally-planned triple-digit gain today (+100.1pts!) Stocks were 'aided' by new cycle highs in HYG as it saw
its best performance in a month - amid massive fund inflows and heavy issuance
(notably outperforming credit spreads in CDS land). The shift in HYG does look
like some convergence trading with SPY though - after a month of
flat-lining. Gold (and even more so Silver) were the week's big performers (up
3.35% and 9.25% respectively) even as the USD only lost 1.1%. Treasuries ended
the week better by 9 to 14bps (considerably different from stocks relative
performance). The week was characterized simply as
stocks bouncing between QE-off (Treasury strength) and QE-on (USD weakness and
Gold strength) - on de minimus volumes.
, Thank You Wall
Street Thanks for
everything... http://albertpeia.com/thanksfraudulentwallstreet.png
Friday, August 24, 2012
Republicans
eye return to gold standard
Financial Times | “A return to
a fixed money supply would also remove the central bank’s ability
to offset demand shocks by varying interest rates.”
American
Incomes Are Falling And Near-Retirees Are Getting Crushed: Study
Daily Ticker | Now, the
median income has fallen to about $51,000.
Dennis
Gartman Just Dumped All Of His Stocks
Business Insider | Dennis
Gartman said he had made a mistake reducing the size of his long position.
Odds of
Global Recession Are 100%: Marc Faber
CBNC | When you look at the major economies, Europe,
the U.S., China and the emerging markets that are dependent on China for
growth, Faber, aka Dr. Doom, only sees weakness.
Lew Rockwell | In one sense, this is a tribute to
Ron, and his endless efforts to educate us all about sound money.
8-23-12 Dave’s Daily: http://www.etfdigest.com ‘ACCIDENT PRONE RALLY 8-23-12 Jobless Claims rose
(372K vs 365K expected & prior revised higher again to 368K). Claims have
been revised higher for 32 consecutive weeks. The PMI Mfg Flash Index rose
slightly (51.9 vs 51 expected & prior 51.8). The Bloomberg Consumer Comfort
Index fell (-47.4 vs 44.4 previous). New Home Sales rose (372K vs 362K expected
& prior 350K) and FHFA Home Price rose (.7% vs .6% expected & prior
.8%). So as far as U.S. data is concerned things were mixed. Rubbing salt in
the wounds of the unemployed was the statistic
from Reuters 2.7 M U.S. jobs have been outsourced to China. In the eurozone
Merkel and Hollande met, the eurozone economy contracted (PMI 46) for the 7th
straight month. In Asia China Mfg data weakened (47.8 vs 49.3) and investors
rallied many Asian shares on the belief there will be more QE and other
stimulus. Pimco’s
Mohamed El-Arian outlined what the eurozone has to do now beyond the talk.
In other words, there is no margin for error. The dollar (UUP) fell sharply
since some must think the euro is a safer bet which seems odd. As Bucky fell
gold (GLD), silver (SLV) and commodities (DBC) overall rallied sharply. As
stocks fell sharply bonds (TLT) rose. The nervousness about markets is
ubiquitous. Fear of being left out of equity rallies now equals staying in it
seems. Further it was reported Thursday that only 58% of the 2300 companies
reporting earnings have beaten expectations and 48% beat on revenues—the lowest
since 2009. Stocks fell sharply as the air pocket was there staring us in the
face given the light volume. Some disasters of the day included (HPQ), (GES),
(BA) and (X) to name a few. Volume on the decline remains light even as selling
intensified which just shows the total lack of participation light even by
August standards. Breadth per the WSJ was negative. Investment Tip: We exited
many positions due to DeMark weekly 9 counts which was “a tell” that
markets were stretched. It didn’t predict the top certainly coming the Monday of last
week but no indicator is perfect. Become a premium member and benefit from
these signals…’, Marc
Faber: Odds of Global Recession Are 100%
, Republicans
Consider Returning To Gold Standard: Real Or Red Herring? ZeroHedge.com Tyler Durden Stranger
than fiction perhaps but the
FT is reporting that the gold
standard has returned to mainstream US politics for the first time in 30 years
with a 'gold commission' set to become part of official Republican party policy. While
this could simply be a reach for as many Ron Paul marginal voters as possible
(with the view that the GOP would never really go for it); it appears drafts of
the party platform from the forthcoming rain-soaked convention call for an
audit of the Fed and a commission to look at restoring the link between the
dollar and gold. The
FT, citing a spokesperson, adds that "There is a growing recognition within the Republican party and in America more
generally that we’re not going to be able to print our way to prosperity," but
"We’re not going to go from a standing start to the gold
standard," although it would provide a chance to educate politicians and
the public about the merits of a return to gold. Interestingly, the Republican
platform in 1980 referred to "restoration of a dependable monetary standard",
while the 1984 platform said that "the gold standard may be a useful
mechanism." , JPM's
London Whale May Face Jail Time For Mismarking Billions In CDS , China
Has Become One Big "Stuffed Channel" Zero Hedge covered the topic of automotive channel
stuffing long before it became a conversation piece, particularly as it
pertains to Government
Motors, a story which has recently taken precedence after being uncovered
at such stalwarts of industry as German
BMW
and Mercedes, implying the German economic miracle may, too, have been
largely fabricated. Another core topic over the years has been the artificial
and inventory-stockpiling driven (in other words hollow) "growth" of China's
economy, whose masking has been increasingly more difficult courtesy of
such telltale
signs of a slowdown as declining electricity consumption and off the charts
concrete use. It was only logical that the themes would eventually collide and
so they have: the New York Times published "China
Besieged by Glut of Unsold Goods" in which, as the title implies, it
is revealed that China is now nothing more than one
big "stuffed channel." , Guest
Post: The Most Important Chart In TheWorld
In a nutshell, charting
this ratio demonstrates the 'real' return on stocks adjusted for inflation or currency
debasement. As we all know, the Zimbabwe stock market
essentially went up to infinity during their hyperinflation but did anyone get
rich from that? Of course not, the shares were denominated in a currency
that was on its way to worthlessness. The key thing with the Dow/Gold chart is
that it perfectly mimics the
various social moods and massive secular trends that exist in the economy over
very long periods of time. It is just as effective in
periods of deflation as in inflation in telling you the true story. In both of
the prior two periods (one deflationary and one inflationary) the DOW/GOLD
ratio got down to about 1:1. It has been our contention for many years
that we will see that same ratio once again. That would imply another roughly
75% drop in stocks to gold and Mike Krieger expects that this next leg is
beginning now. , On
Economic Deceivers And Propagandists
, Why
In America It Pays To Be An Old, White, Widowed, Native-Born Female; Everyone
Else Is Out Of Luck , 5 Year
TIPS Price At Record Low -1.286%
, Guest
Post: Venezuela Ramps up China Oil Exports Unsettling Washington , The Beginning
Of The End For John Paulson? , Guest
Post: Spreading Insolvency Around Does Not Create Solvency The entire global financial
"recovery" engineered by central banks and Central Planning is based
on the absurd notion that if we spread unpayable debt over the entire body
politic (be it a nation or regional entity such as the European Union) then
that distribution will somehow make the debt payable and the phantom assets
real. The debt remains unpayable and the
assets (collateral) remain stubbornly phantom. As for
adding more debt (selling Eurobonds, Treasury bonds, etc.), please note the
diminishing return on additional debt: it is now negative.... Diminishing
returns define the flailing financial system: the return on petrocapitalism is
declining (how many barrels of oil or equivalent does it take to extract and
process one barrel of shale-derived oil?), the return on more debt has turned
negative, the yield on "saving" bankrupt States is marginal, and so
on: spreading insolvency to the taxpayers does not magically create solvency,
it only distributes insolvency to every nook and cranny of the economy. All the debt remains painfully real; it is only the collateral that is
illusory. , Slumping
Commercial Real Estate Sales Are Latest Flashing Red Non-Recovery Indicator , The
European "No Action, Just Talk" Rumor Mill Is Back , Spot
The Housing Bottom: New Homes For Sale Drop To Lowest Ever; Average New Home
Price Plunges To 2012 Lows , Greece
Ready To Start Selling Its Islands
, Newsflow
Sentiment Confirms Global Recession
, Gold
And Platinum Surge As Mining Unrest Spreads
A decidedly more accommodative tone evident in the
FOMC minutes from the 31-Jul/01-Aug meeting, with “many” members in
favor of additional measures sooner rather than later in the absence of “substantial
and sustainable strengthening” in the economy. The market is now broadly
anticipating that the Fed announces additional measures in the coming weeks.
Weak manufacturing data out of China intensified
speculation that the PBoC would ease further as well. And finally, there are
rumors circulating based on an article in Die Welt that the ECB is
contemplating “secret” rate targeting. The rate targeting idea is bad
enough, but secret rate targeting srikes me as just plain silly, as I explained
in an earlier post. However, I do think it is reflective of just how desperate
policymakers are to find a way to give the old proverbial can one more kick
down the road.
• US new home sales +3.6% to 372k, above expectations
of 369k, vs upward revised 359k in Jun.
• US initial
jobless claims +4k to 372k for the week ended 18-Aug, above expectations of
365k, vs upward revised 368k in previous week.
• Eurozone
Markit Composite PMI – Flash ticked higher in Aug to 46.6, vs 46.5 in Jul;
Services lower at 47.5; Manufacturing better at 45.3.
• Eurozone
consumer confidence – Flash fell to -24.6 in Aug, vs -21.5 in Jul.
• Germany Q2
GDP (sa) – 2nd release +0.3% q/q, vs +0.3% previously; +1.0 y/y
(wda); +0.5% y/y (nsa).
• Germany Q2
exports +2.5% q/q, vs negative revised +1.2% in Q1; imports +2.1% q/q, vs
negative revised -0.2% in Q1.
• Germany
Markit Manufacturing PMI – Flash rose to 45.1 in Aug, vs 43.0 in Jul; Services
48.3, vs 50.3 in Jul.
• France
Markit Manufacturing PMI – Flash improves to 46.2 in Aug, vs 43.4 in Jul;
Service 50.2, vs 50.0 in Jul.
• China
Leading Indicators +0.7% in Jul, vs negative revised UNCH in Jun.
• China
HSBC/Markit Manufacturing PMI – Flash fell to 47.8 in Aug, vs 49.3 in Jul.
• Singapore
CPI +4.0% y/y in Jul, vs +5.3% y/y in Jun.
• Taiwan
industrial output 0.0% y/y in Jul, vs -2.4% y/y in Jun.
Texas judge warns of possible ‘civil war’ if President Obama is
re-elected
Romney: My health care plan is superior to Obama's
Obama campaign unleashing 'the Big Dog' in battleground states
{ Riiiiight! The big dog…who found a way to poop up the
presidency after being gifted with a huge end of cold war peace dividend
courtesy of predominantly Reagan. Yes, on route to blowing the job, despite his
support for NAFTA, he did get quite a few…blow(n)
jobs… http://albertpeia.com/bigdogpoop.htm }
Submitted by Tyler
Durden on 08/22/2012
CBO:
Feds flirting with double-dip recession
washingtontimes.com | Obama
and Congress flirting with both a recession and a jump in unemployment next
year.
Home sales and
prices rose in July
upi.com | Sales
for the month were 10.4 percent higher than the 4.05 million level of July
2011.
Thanks
Obama – Here Are 24 Stats That Show How Much You Have Royally Messed Up Our
Economy
The American Dream | Under Barack Obama, the U.S.
economy has performed worse than it did under any other president since the end
of the Great Depression.
What
Happened After Europe’s Last Three Currency “Unions” Collapsed
Zero Hedge | The Eurozone, and its associated
currency, is merely the latest in a long series of failed attempts to create a
European currency union and a common currency.
US
corn, soy prices hit records as drought lingers
AFP | US corn and soybean prices closed at new record
highs Tuesday as a new survey showed worse-than-expected crop damage from a
brutal drought across the country’s central breadbasket.
Report:
Nearly One In Five Americans Have No Money to Put Food on the Table
SHTFplan.com | While economists, government
officials, and mainstream media experts argue about whether a recovery is
finally taking hold, the evidence on the ground provides a clear insight about
where the country is headed.
More
Than Half Of All Americans Are At Least Partially Dependent On The Government
The Economic Collapse | A very large segment of the
population has figured out that it can use voting as a tool to get more money
and benefits from the government, and that is a very dangerous thing.
8-21-12 Dave’s Daily: http://www.etfdigest.com
‘THE
PRESSURE IS ON THE GERMANS TO BLINK
8-21-12 It would seem as though
a more dovish Angela
Merkel has emerged with a new willingness for unlimited eurozone bond
buying which may include a rate cap at least so reports the Guardian. Also
Greek Prime Minister Samaras has headed to Germany to plead for a two year
extension to implement mandated and agreed upon reforms. However, according to Bloomberg
it appears he may only get small concessions according to the article. Overall
markets in the eurozone thought all this news was bullish and bid up both the
euro and stocks there. With all this money printing to buy bonds the ECB has
chosen inflation as the optimal course even as they would argue that.The theme
emerging from the eurozone is a common one—rather than address debt and spending the solution
seems paper it over (literally) by printing more money.As a consequence of this
gold (GLD) and commodity prices in general (DBC), (JJC) and (USO) advanced
while the dollar (UUP) declined. Bond (IEF) prices fell early but climbed in
the afternoon as stocks sold-off.There was little in the way of economic data
or earnings for investors to digest Tuesday. Apple (AAPL) which lately seems to
be “the market” saw some
wild trading in a $25 range as an early spike was met by heavy selling. Share
volume was double the average and no doubt there was profit-taking. Remember
230 hedge funds hold Apple shares and as good a company as many believe, too
much of a good thing isn’t wonderful. As mentioned stocks sold-off late as
investors may be looking ahead to Wednesday’s inspection of FOMC Minutes trying to find a kernel
of QE3. It didn’t help that Fed Governor Lacker saw no need for any
QE3 now.Here’s an interesting chart of the day. Guess when the
income tax was initiated. (We had to pay for the “war to end
all wars” and I guess we’re still fighting.)
http://albertpeia.com/incometaxforwar.jpg Once again overall volume was light and
breadth per the WSJ was mildly negative…’, FORGET
EUROPE… THIS IS A
REAL CRISIS TO BE AFRAID OF http://albertpeia.com/usfoodcrisis.htm , What
40 Years Of Gold Confiscation By The US Government Looks Like ZeroHedge.com The chart below, which is a time series showing the total "Gold
Held by the US Treasury and the Federal Reserve" (which for all
intents and purposes are interchangeable), demonstrates vividly the moment when
the US government enacted Executive Order 6102, aka the "forbidding
the Hoarding of Gold Coin, Gold Bullion, and Gold Certificates within the
continental United States" order which criminalized the possession of
monetary gold "by any individual, partnership, association or
corporation." But not the
government of course. Spot the moment after which gold
confiscation by the US government (also known as a 40% USD devaluation) from
its citizens was legalized. , Guest Post: The
Death Of Jobs The
sit-back-and-relax 'buy and hold' strategy that unqualified portfolio managers
banked on for so many years has perished in this highly leveraged,
central-banking-dominated environment. There is something, though, that is more
troubling for the US economy, and specifically middle-class laborers: Robotics.
The reality is that this atypical Great Recession
has forced business owners to become savvy: businesses have learned how to
operate--and even thrive--in this dry economic environment, and the main tool
that has allowed them to do so is cost-cutting. Unfortunately for the labor market, these cost-reduction
techniques are sticking, and for the time being business
owners (particularly manufacturers) see no reason to add more human employees
when they can purchase robots at a cheaper rate. , Japanese
Trade Implosion Sends Futures To Lows
Somewhat disastrous trade balance data from Japan - with exports
dramatically worse-than-expected (EU
exports -25.1% YoY) and imports worse-than-expected (which will come as
no surprise to any ZH reader given Europe's depression and our
discussion of world trade here) - has crushed JPY crosses overnight
(especially AUDJPY) which is exactly what we said at the close today was
required to extend today's equity weakness. Sure enough, S&P 500 futures
are down over 6 points from the close now - and trading below day-session lows. , What
Happened After Europe's Last Three Currency "Unions" Collapsed It may come as a surprise to some of our
younger readers, that the Eurozone, and its associated currency, is merely the
latest in a long series of failed attempts to create a European currency union
and a common currency. Three of the most notable predecessors to the EUR
include the Hapsburg Empire, the Soviet Union, and Yugoslavia. Obviously, these
no longer exist. Just as obvious, all of these unions, having spent time,
energy, money, and effort to change the culture and traditions of member
countries and to perpetuate said unions, had no desire, just like Brussels
nowadays, to see these unions implode. The question then is: what happened
after these multi-nation currency unions fails. VOX kindly answers: "they all ended with disastrous hyperinflation." , Another
Signal That The Rally Is Unsustainable
We have discussed the broad divergences between high-yield credit and
equity markets (the former not enjoying the ebullience of the latter) and noted
the dismal volume and average trade size of the most recent surge to new highs.
Barclays points out one more concerning factor in the rally - the very unusual underperformance of lower quality, higher beta credit.
Typically, the B-rated-and-below credits will majorly outperform in any real
risk-on rally (just as they did in the first quarter of the year), however, in
the last 2-3 months of equity exuberance, this has not been the case at all -
as it seems the rally has been used to position in
higher quality names (and remain liquid). Just another glimpse of the matrix under
the surface. , Guest
Post: The Spain – ECB
Vaudeville Show If you still
require proof that in the short term, market action is driven by perceptions
and sentiment rather than reality, here it is. It is worth quoting again what
Mrs. Merkel said in Ottawa in toto:“The European Central Bank, although it is of course
independent, is completely in line with what we’ve said all along. And the results of the meeting of
the central bank and their decisions, actually shows that the European Central
Bank is counting on political action in the form of conditionality as the
precondition for a positive development of the Euro.”Does this
sound like 'unlimited bond buying without preconditions' to anyone? No?
Investors seemed to think that is what it meant. We see no painless way out for
Spain, regardless of what ultimately happens. Even if the ECB were to act
without conditionality or limits, it could not possibly alter the underlying
solvency problems - and this isn't going to happen anyway. So what are
markets currently pricing in? Everybody seems quite certain of a happy end at
the moment. The bet is that massive central bank intervention is heading our
way in the near future and will boost asset prices further. This is a mindset
that has very likely set up the markets for disappointment. , Niall
"Hit The Road Barack" Ferguson Responds To The "Liberal
Blogosphere" Two days ago,
historian Niall Fergsuon had the temerity to voice a personal opinion, one
which happens to not exactly jive with the rest of the media's take on
current events, on the cover page of Newsweek (Newsweek is still in print?)
titled, succinctly enough, "Hit
the road Barack: Why we need a new president." The response was fast,
furious, and brutal, particularly emanating from what Ferguson has dubbed the
"liberal blogosphere." http://albertpeia.com/hittheroadborackanddontyoucomebacknomorenomorenomorenomore.htm
Gold Buyers
Prosper in Crisis-Hit Italy
Reuters | People
are trading their gold for worthless paper money.
Jacob
Rothschild, John Paulson And George Soros Are All Betting That Financial
Disaster Is Coming
The Economic Collapse | Are you willing to bet
against three of the wealthiest men in the entire world?
Banks
Can Legally Steal Customer Funds From Private Checking Accounts
Susanne Posel | Our
warnings are right in front of us, if we choose to see them.
Top
Investor Warns of “Financial Armageddon” as Soros Dumps Bank Stocks, Buys Gold
New American | Recent filings by billionaire financier
George Soros show he dumped virtually all his holdings in major financial
companies like JP Morgan, Goldman Sachs, and Citigroup.
One
Of The Biggest Euro Skeptics Thinks The ECB Is About To Uncork A Game-Changer
Business Insider | Ambrose Evans-Pritchard of The
Telegraph is usually one of the foremost purveyors of the Euro doom argument,
so it’s worth
sitting up and taking notice at his latest column…
Finland
preparing for ‘full-blown currency crisis’ and collapse of Eurozone
Natural News |A Finnish official has come forward
with information about how his country, which is among the strongest in the
European Union (EU), plans to deal with a potential break-up of the euro.
8-20-12 Dave’s Daily: http://www.etfdigest.com
SUMMER IS BOILING WHILE TRADING
IS COLD 8-20-12 ‘Apple
(AAPL) seems the only stock investors care about as it rallies to become the
world’s most
valuable company. Microsoft (MSFT) had that honor in the dotcom heyday in 1999
as everybody needed a PC then. The chart below compares the two monsters
performance as each soared over different time periods—hat tip Zero Hedge http://albertpeia.com/chartapplmsft.jpg And, yes I know it’s different
this time and many believe Apple is a much superior company now than Microsoft
was back then. The weighting of the stock to many ETFs, particularly in
technology, is nearly 20% which can give a false impression of how markets are
truly behaving. (This is why it’s useful to compare the QQQs with equal weighted QQEW
to get some perspective.) The PE of the stock is reasonable clearly but the
twists and turns of technology never are. The next “I got to
have it” gizmo from the company is the iPhone 5 which
promises to be a little bigger and faster. When you upgrade to a new phone it’s matched
by a new phone plan which is never cheap. Further there are some rumblings from
China that some wireless operators there won’t service the phone. The company is also in the
process of developing and releasing a mini-iPad the need for which is vague to
an old fogy like me. Anyway the stock shows few signs of being sold and
dominates most institutional and retail portfolios. Rumors of stock splits and
the company being added to the DJIA continue to be supportive as well.
Meanwhile back to the duller and pedestrian stock markets has offered little
action. Most likely investors are waiting first for FOMC Minutes on Wednesday
to find some nugget that might support QE3. If few are found or spun then it’s on to
Jackson Hole for Bernanke and Draghi to act or not. Away from Apple there has
been some news from Caterpillar (CAT) which was a warning about weak economic
conditions but the stock rallied. In China house prices rose and food inflation
is on the move higher. Taken together this should restrict stimulus one would
think. Meanwhile in the eurozone there is plenty of controversy regarding more
lending. One rumor quickly shot down was the ECB would place a cap on bond
buying by only buying when certain interest rates rose above a target. Spain
has stated they want unlimited bond buying without conditions. While Merkel
herself has been more dovish such is not the case with politics within Germany.
The Bundestag has restated its objections to new bond buying as has the finance
minister.Moody’s has gotten into the swing of things by suggesting
that California
municipal bond bankruptcies are likely to expand. Popular muni bond ETFs
like (MUB) didn’t react period such is the low level of confidence
investors have in rating agencies. Investors fear taxes more evidently.Goldman Sachs Chief Strategist David Kostin has been pleading with clients to sell their
equities before the fiscal cliff arrives. Meanwhile Goldman Sachs strategist
Abby Joseph Cohen remains bullish. Who to believe? They’ll tell you
with hindsight.Stocks overall chugged along at a snail’s pace with
early selling. But, this was met with some persistent late day buying. Volume
was ridiculously light even for a Monday in August or a half-day of trading
around the holidays. Breadth per the WSJ was modestly negative. (This is going
to be another really short post thanks to little action.) ETF Portfolio Quick Tip: Russell Investments
is going to shutter all its index-based ETFs on the heels of the closure of
similar issues from Focus Shares. I have written for several years about being
careful regarding repetitive ETFs, low assets under management and trading
volume. In our soon to be released Best U.S. Equity ETFs we only select an
issue or two in each category that can make a difference. Please look for it
upon release…’ , Hit the
road barrack, and don’t you come back no more no more, het the road barrack
and don’t you come back no more! http://albertpeia.com/hittheroadborackanddontyoucomebacknomorenomorenomorenomore.htm , Guest
Post: Shhhh… It’s Even Worse Than The Great
Depression ZeroHedge.com Tyler Durden In just four short
years, our “enlightened” policy-makers have slowed money velocity to depths
never seen in the Great Depression. Hard to believe, but the
guy who made a career out of Monday-morning quarterbacking the Great Depression
has already proven himself a bigger idiot than all of his predecessors (and in
less than half the time!!). During the Great Depression, monetary base
was expanded in response to slowing economic activity, in other words it was reactive
(here’s a graph) .
They waited until the forest was ablaze before breaking out the hoses, and
for that they’ve been rightly criticized. Our “proactive” Fed elected
to hose down a forest that wasn’t actually on fire, with gasoline,
and the results speak for themselves. With the IMF recently
lowering its 2012 US GDP growth forecast to 2%, while the monetary
base is expanding at about a 5% clip, know that velocity of money
is grinding lower every time you breathe.
, When
Japan Goes Japanese: Presenting The Terminal Keynesian Endgame In 14 Charts It is
hard to find fiscal situations that are worse than Japan's. The gross
government debt/GDP ratio, at more than 200%, is the worst among the major
developed economies. Yet yields on Japanese government bonds (JGBs) have not
only been among the lowest, they have also been stable, even during the recent
deterioration during the European debt crisis. This apparent contravention of the laws of economics… , Taxes
Vs Debt: Where Does US Funding Come From - Chart Of The Day , Here
Is The Chart That Explains Why Rates Are Rising In The US , Exuberance
Exits As Spain's IBEX Hits 200DMA
In a normal market, whatever that is, we would not feel the need to note
every tick in the Spanish equity market; but today's 2% decline - its worst in 3 weeks - is the first down-day in 10
days. , Egypt
Prepares To Use Aircraft And Tanks In Sinai For First Time In 40 Years , On
The Fed's Sudden Need For "Risk Managers" And "Financial
Engineers" , Goodbye
Civilization: So Simple A Greekman Can Do It Around 1000 people per day are still losing their jobs in Greece
with the percentage of the population not working now uncomfortably larger than
those who are employed.. , Daily
US Opening News And Market Re-Cap: August 20 A weekend article from Der Spiegel has been the
centre of must attention this morning amid a light economic calendar on both
sides of the pond. The article reported that the ECB would set limits to the
yields of periphery country debt and intervene should these limits be breached.
This weighed on the German Bund from the Eurex open and saw the Spanish curve
trade lower by 25bps to 35b ps, as well as buoying the EUR currency and riskier
assets in early trade. Risk-on moves in EUR and DAX futures were retraced as
the ECB denied these reports, saying that it was misleading to report on
decisions not yet taken, though it will act within its mandate. A German
finance ministry spokesman also denied all knowledge of the reports a short
while before hand. Furthermore, the latest monthly bulletin from the Bundesbank
that once again reiterated the disapproving German stance toward the ECB's
controversial bond-buying programme also dampened the mood.
Buy everything I say without limit. Leverage each
purchase to the maximum allowed under the law. The markets will only go up and
not down and 100,000 is the next stop for the S&P. It is to be Dow without
Jones, assets without liabilities and wealth without poverty. The Middle Class
has been evacuated and everyone is wealthy beyond belief. It is just there, of
course, that the truth lies in this merry old land, “beyond
belief.”
"I like fantasy---it wakes up the brain cells.”- Dr. Seuss
Finnish Euro Doubts Hide Business Plea to Commit to
Currency (Bloomberg)
04:39PM Urban Outfitters Earnings: Heres Why Shares are Skyrocketing
at Wall St. Cheat Sheet
04:15PM 10 Undervalued Dividend-Paying Stocks With Momentum at Minyanville 04:00PM STOCKS GO NOWHERE: Here's What You Need To Know Business Insider
03:00PM [video] Lou's Been Thinking About Vitamin Praise at TheStreet 02:33PM InPlay: Dow -2 flirts
with positive territory, sets new session high Briefing.com 02:12PM Bernanke Needs To Shame Congress, Obama Into Doing More at Forbes 01:10PM Five-Week Options Cycles Don't Bode Well For Stocks at Forbes 12:48PM
11:22AM Index, ETF option volumes near midday optionMONSTER 11:19AM Index, ETF option volumes near midday optionMONSTER 11:08AM U.S. Need For Stimulus Diminishing at Forbes 11:00AM InPlay: Stock indices
extend push off first hour lows -- Dow -20 has rebounded as much as 25 points,
S&P -3.6, Nasdaq Comp -10 Briefing.com
11:00AM [video] An Indecisive U.S. Government Prevents Long-Term
Solvency at TheStreet
10:57AM Best Buy Quarterly Earnings Sneak Peek at Wall St. Cheat Sheet
10:53AM [video] China, U.S. Backed Into a Corner at TheStreet 10:50AM Dell Quarterly Earnings Sneak Peek at Wall St. Cheat Sheet
10:28AM S&P 500 falls from Friday highs, levels to watch at theflyonthewall.com
10:26AM Patterson Companies First Quarter Earnings Sneak Peek at Wall St. Cheat Sheet
10:23AM Hormel Foods Third Quarter Earnings Sneak Peek at Wall St. Cheat Sheet
10:21AM H-P Quarterly Earnings Sneak Peek at Wall St. Cheat Sheet
10:20AM SPX Heading to 1422 at
Minyanville 10:12AM Salesforce.com Second Quarter Earnings Sneak Peek at Wall St. Cheat Sheet
10:09AM Big Lots Second Quarter Earnings Sneak Peek at Wall St. Cheat Sheet
10:03AM Autodesk Second Quarter Earnings Sneak Peek at Wall St. Cheat Sheet
10:00AM Stock Market Update: 5 Charts Flashing Caution at Minyanville 09:48AM Why It's Nearly Certain That Market Volatility Will Continue
at Minyanville
09:21AM Pre-Market Primer: Bundesbank Spars With ECB Over Bond
Purchases at Minyanville
08:50AM Are Stock Market BULLS Running Out of Steam? at Wall St. Cheat Sheet
08:26AM Lowes Earnings: Margins SUFFER for Five Quarters Straight,
Profit Drops at Wall St.
Cheat Sheet 08:25AM Is the ECB Really Ready to Put on the Spread Cap? at The Wall Street Journal
08:17AM Are Stock Market BULLS Running Out of Steam? at Wall St. Cheat Sheet
08:10AM Is the ECB Really Ready to Put on the Spread Cap? at The Wall Street Journal
08:06AM ES Support and Resistance for August 20 at Minyanville 07:55AM [video] Trade 'em and Trail 'em To Stay With The Rally at TheStreet 07:40AM Are Stock Market BULLS Running Out of Steam? at Wall St. Cheat Sheet
8-17-12 Dave’s
Daily: http://www.etfdigest.com SUMMER RALLY CONTINUES ON LITTLE NEWS 8-17-12
Economic data from the U.S. featured better Consumer Sentiment (73.6 vs
72.2 expected & prior 72.3). Within this data we must remember stock prices
carry a heavier weighting than with Consumer Confidence data which has been
weaker. Further within today’s report the future expectations index declined to
64.5 vs 65.6 previously. Leading Economic Indicators rose (.4% vs .2% expected
& prior -.3%). Algos don’t look much under the hood of data—they don’t have time—they’ve got to
get the trades off immediately…as in milliseconds. In China the government
is anxious about real estate and real estate developers as their loans
sour. If you’ve traveled much to China you’ll see
plenty of ghost cities amid rampant speculation. Nevertheless, and as noted
yesterday, China is said to prepare reducing bank reserve requirements. So as
much as the government worries about speculation they’re more
worried about economic growth which is stagnating. In Europe, Angela
Merkel continues to confound experts and hawks within her coalition. They
say she’s the dove among German politicians and may even want
to offer concessions to Greece on another bailout. This will certainly inflame
her coalition partners in the Bundestag. Stocks continued their slow light
volume advance unfazed by much of anything frankly. Apple’s (AAPL)
earnings have a 5% impact on S&P 500 earnings which is outsized. The
company itself has nearly a 20% weighting in most tech sector indexes and ETFs
making it the Atlas of the market. It was announced today that Apple is
starting production of a mini-iPad and why, I don’t know. The
iPhone 5 will be released soon enough and I really wonder how many people would
want the upgrade—maybe in China. Besides, the new larger size will
require cargo pants most likely. Meanwhile left on an ice-floe to die is
Facebook (FB) & (SOCL) where social media isn’t in the
game. The dollar (UUP) was slightly higher as was gold (GLD) which only adds to
the confusion. Commodities (DBC) were higher and so too were bonds (TLT). Oil
prices (USO) continue to rise which will dampen consumer sentiment soon enough.
There is some talk of releasing supplies from the SPR but that would be too
political. That hasn’t stopped politicians before. Given weekly DeMark
indicators, we took profits in many equity ETF positions Monday in Dave’s Special
Portfolio—our active
ETF portfolio for
subscribers. This also included fixed income and quite a few popular dividend
ETFs. Our lazy portfolios are fully invested currently and benefitting from the
recent rally. ETF Portfolio Quick Tip: In a light volume market, add a hedge to your
portfolio to protect perhaps using an inverse issue correlated highly with your
largest positions. For example you might use SH to hedge your overall equity
exposure. We incorporate this strategy in our Lazy Hedged Growth Portfolio. Volume on
the melt-up continues to be light and breadth per the WSJ was positive. The
trouble with volume this light and now overbought means prices have a lot of
air under them…’ , Guest
Post: The West Has Just Become A Giant Banana Republic ZeroHedge.com by Tyler
Durden { Yeah! This really is too
true for words! It’s been my
direct experience for quite some time now and is quite a pathetic scenario! } Legal
precedent means nothing. Rule of law means nothing. Free speech means
nothing. Their own treaties mean nothing. It’s unbelievable. Anyone in the west who honestly
thinks he’s still living in a free society is either a
fool or completely out of touch. If that seems too radical an idea, consider
that ECUADOR is now the only nation which stands to defend freedom and
human rights against an assault from the United States, the United
Kingdom, and their spineless allies. The west has just become a giant
banana republic. Have you hit your breaking point yet? If not now… when? { {
I’m
really constrained to interject my own direct experience with the FBI here;
and, I must say I do so lamentably. If you want no real results vis-à-vis
organized crime which now extends to the upper reaches, highest levels of the
corrupt u.s. government, go to the FBI. I discounted the new jersey FBI as just
typical corrupt, mob infested jersey which thinks in terms of discos/casinos.
But, truth be told, they never ask the ‘tough’ questions of the biggest criminals; ie., the biggest
wall street frauds, cia connected illegal ‘drug ops’ (ops…riiiiight), federal judges ie., trump barry, shiff,
alito, etc.; but, they did go after Martha Stewart in a very big way over a
$45,000 transaction. Wow! You can’t make this stuff up. I also don’t believe their
(understated) crime stats for even a second. I’m beginning to feel
foolish for having even put my full faith and trust in them, much less the ‘federal (judicial) system’ who share the ‘same employer’; and, despite my
antipathy for the mob, probably would have fared ‘more fairly’ with the mobsters
directly who seem to have at least some sense of the magnitude of the fraud
involved and the pervasive corruption of the system and government and maybe a
semblance of honor in this nation of protracted decline. It never would have occurred
to me back when for me, such a choice/decision was clear-cut and simple. Such a
course as mine I no longer could recommend inasmuch as there is little
difference between state/government sponsored crime/corruption and that
perpetrated by other criminal elements, from my direct experience with both,
infra: Debauchery: An American specialty In the land of Lindsay Lohan and Snooki,
some federal workers reflect our culture all too well. (Washington Post) [
Lindsay Lohan? Come on Mr. Milbank, hands off the low hanging fruit. She’s totally harmless.
Jersey ‘italian’ snooki? In mob infested
new jersey, who knows (one of the properties in my proceedings for which
surplus funds are unaccounted for was a 2 bedroom 1 and 1/2 bath condominium in
seaside heights, n.j.). But debauchery an american specialty? Another rare
instance wherein I agree with Mr. Milbank completely. 25 Signs That America Is A Seething Cesspool
Of Filth And Corruption http://albertpeia.com/25signsamericacesspooloffilthcrimeandcorruption.htm . Review of flawed forensics held close to vest EXCLUSIVE | Documents and interviews show FBI and
Justice Department officials took steps to control information uncovered by a
task force designed to examine cases involving discredited agents. Many defendants
were never notified of flaws in cases. ‘Simply unconscionable’ (Washington Post) [ Well, I really have to say this.
I’m
awaiting word from the FBI as to resolution, one way or the other, concerning
the RICO matters which have been systematically and corruptly covered up by the
government (executive, legislative, and judicial branches of the pervasively
corrupt, defacto bankrupt u.s. government http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
) . Never in my wildest dreams would I have believed the
level and extent of corruption and criminality within the ranks of the u.s.
government before embarking upon this costly quest for justice and simple
fairness consistent with clear law (infra, regarding the u.s. government’s direct involvement in
the illegal drug trade). In this civil RICO matter, there are no innocent bystanders;
but rather, perpetrators, accomplices, and co-conspirators. When the fbi agent
initially assigned to this matter (Connecticut) abruptly resigned/retired
shortly after a conversation, though not central to my case, wherein I had said
that rudy giuliani’s father had been an (convicted) enforcer for the mob
(served 12 years? in prison, aggravated assault/manslaughter?) and then sent
him documentation owing to his disbelief. Though ultimately ineffectual
vis-à-vis my case, he was a likeable guy for whom I had and still have regard.
I then spoke with FBI Agent Jeff Rasey upon the aforesaid agent’s departure who somewhat
plaintively (‘my
call being a burden’) told me that ‘he was a Ford, and I was a Ferrari’, which he didn’t explain further. Could
anyone tell me what that means? Initially, at new jersey’s FBI office, I was ‘greeted’ by an FBI Agent who
sarcastically asked me whether I was ‘going to the disco that night’ (the documents including
sworn statements delivered to then u.s. attorney sam alito’s office in the same
building disappeared twice along with the initial assistant u.s. attorney
Jonathan Lacey with whom I had reviewed the documentary evidence, documents and
their probative value http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf . We all can infer sam alito’s reward / quid pro quo
for his cover-up by his current position on the u.s. supreme
court. There was never a question as to maryanne trump barry’s interest in corrupting
the judicial process as related to her brother’s (trump) casinos. Jersey
city boy louis freeh, labeled by former Prosecutor Larry Klayman as the most
corrupt FBI director ever (see infra, mueller seems no different, and certainly
holder’s
impeachable actions and corrupt behavior/cover-ups fit the mold, ie., fast and
furious, race bias favoring blacks, etc.) apparently covered up the RICO
violations as sent to him, and, with italian citizenship and lucrative insider
deals fits the bill. The FBI Agent Jeff Hayes of the Long Beach Office with
whom I reviewed the RICO documents and confirmed same as indicative of (drug)
money laundering was transferred shortly after meeting with him, as has been so
of FBI Agent Bill Lewis (promoted to Washington FBI headquarters) with whom I
discussed the RICO matter and case disks/dvd’s sent to the LA FBI
office (they printed the documents thereon, as per Agent Lewis), Steven
Martinez, ADIC, here in Los Angeles (see infra). So, as regards FBI flaws,
coverup, etc., I have to believe it based on my own experience and reasonable
inference. I’m
currently being ‘stonewalled’ by the LA FBI office since the departure of FBI
Agent Bill Lewis.
GOOGLE
SEARCH – ‘LARRY KLAYMAN, LOUIS FREEH CORRUPT’
ABOUT 6,240 RESULTS (0.11 SECONDS)
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,
...
...
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, ...
“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. ...
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, ...
May
3, 2001 – Because of his corrupt behavior, Freeh was placed
on Judicial Watch's ... stated Judicial Watch Chairman and General Counsel Larry
Klayman. ...
May
27, 2000 – By Larry Klayman ... While Judicial Watch has asked FBI
Director Louis Freeh to .... lawsuits against a corrupt and
unrepentant Clinton-Gore ...
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!
I truly empathize with the ATF in terms of government cover-ups, notably by even the DOJ. You’ll recognize some familiar names (ie., Alito, Trump, Freeh (Louis Freeh now has dual citizenship with Italy), and some familiar crimes (ie., drug money laundering, etc. – real cash cow for gov’t ops, bribes, etc.). [Did you know this about the following ATF Agents who were probably viewed as loose ends: Steve Willis, Robert Williams, Todd McKeahan & Conway LeBleu: Died February 28, 1993 by gunfire at Waco. All four were examined by a pathologist and died from identical wounds to the left temple. All four had been body guards for Bill Clinton, three while campaigning for President and when he was Governor of Arkansas.They also were the ONLY 4 BATF agents killed at Waco. ]
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,
· A judgment had been entered in my favor in the case, United States District Court Case #3:93cv02065(AWT)(USDCJ Alvin Thompson), worth approximately now in excess of $300,000 remains unaccounted for and which could be used for payment to creditors, Los Angeles, etc..
· Counsel Robert Sullivan on my behalf documented by way of certification upon investigation that Alan Shiff, USBCJ, had falsely stated a dismissal upon which false statement he predicated a retaliatory and spurious contempt proceeding against me causing substantial damage, and for which he sought Judicial Notice of those and related proceedings as did I in some of my filings.
· The Order of Dismissal With Prejudice by Alan Shiff, USBCJ, owing to Defendant Coan’s failure to file anything whatsoever by the court’s deadline causing creditors and me substantial damages: [ Shiff Order of Dismissal With Prejudice on Coan’s Failure to File Page 1 Page 2 ]
·
Defendant Coan had filed an action against me to
prevent me from suing him which necessitated me to fly to Connecticut for a
hearing before The Honorable Robert N. Chatigny, Chief Judge, USDC, District of
Connecticut, who denied Coan’s requested relief as to Coan but precluded my
action against Shiff (although there is no immunity, judicial or otherwise, for
criminal acts, ie., fraud connected with a case under Title 11, USC, etc.) .
[ transcript in pertinent part - http://albertpeia.com/crossexamofcoanbypeia.pdf
]
· Newly appointed judge, Maryanne Trump Barry, Donald Trump’s sister, was assigned the RICO case despite the conflict of interest in light of hundreds of thousands of dollars of illegal (drug) money being laundered through the Trump casinos by the RICO defendants, and despite my motion to recuse her which motion she heard herself and denied, and U.S. Trustee Hugh Leonard with whom I met personally refused to join or file a separate motion to recuse and not long thereafter left said office for private practice at Cole, Shotz, et als on retainer with the RICO defendants as his primary client.
·
Probative and evidentiary documents, affidavits,
exhibits, including those turned over to FBI Agent Jeff Hayes in Long Beach,
CA, had been given to Assistant U.S. Attorney Jonathan Lacey with whom I met
personally at the U.S. Attorney’s Office in Newark, N.J., at which time Samuel
Alito was U.S. Attorney, and went over said documents and their probative value
with him. Within approximately a month thereafter upon inquiry I was told that
Jonathon Lacey was no longer with the office, that the file/documents could not
be located, and that there was no further information available concerning
contacting him or his location. I thereupon delivered by hand, copies of said
documents to the office of then U.S. Attorney Alito, addressed to him, with
assurance they would go directly to him. In addition to being inept [ I looked
in on the one mob case he had brought, bungled, lost (accidently on purpose?)
since I was suing some mob-connected under RICO and the court (I had known /
previously met outside of court the judge Ackerman through a client) was
absolute bedlam and a total joke since incompetent corrupt Alito brought in all
20 mob defendants (rather than prosecute one or a few to flip them first) who
feigning illness had beds/cots in the courtroom along with their moans during
testimony and had the jury in stitches. As much as I hate the mob, it truly was
funny, if not so tragic.], Alito is also corrupt (and maybe corrupt
because he is inept). After a reasonable (but still rather short) time I called
to determine the status and was told that Alito was no longer with the Office
of the U.S. Attorney, that he was (appointed) a federal judge, and that neither
the documents nor any file or record of same could be located. Alito did parley
the same / cover-up into quid pro quo direct lifetime appointment to the Court
of Appeals, 3rd circuit, despite the absence of judicial experience
or successful tenure as U.S. Attorney (Maryanne Trump Barry as well). This is
the same Sam Alito that now sits on the purported highest court in the land.
The real application of the illegal rule ‘don’t ask, don’t tell’.
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) ]
FROM:
TO:
Wednesday, November 16, 2011 8:48 AM
Dear Mr. Peia:
Thank you for being in touch. As we continue
the busy first session of the 112th Congress, I want you to know
that I am grateful for the various times you have shared your thoughts and
concerns with me on different issues. Please be assured that your voice
is being heard and that your perspective helps me to better represent you in
Washington, D.C.
Sincerely,
LUCILLE ROYBAL-ALLARD
Member of Congress
[ This is a reply to the Congresswoman’s query among others included.]
11-5-11
Dear Congresswoman Roybal-Allard:
The
Keynesian (economic) approach, if ever a wise prescription for ‘economic
doldrums’, euphemistically speaking (there are articles/studies/data that
dispute the purported effectiveness of the widely hailed ‘Keynesian remedy’
during the prior great depression), the ‘Keynesian way’ is certainly no longer
a prudent approach today in light of the insurmountable debt levels of nations
worldwide and in america particularly along with the concomitant over-printed,
debased ‘paper currencies’ to finance same. Quite simply, there simply is not
enough real value being created for redistribution, a situation exacerbated by
the parasitic lightening fast, computerized churn and earn high frequency
trading programs on fraudulent wall street (they should be prosecuted, jailed,
fined, and disgorgement imposed for extant frauds in the trillions now marked
to anything as per misguided legislated FASB rule change). [ America’s debt woe is
worse than Greece’s News (CNN) — ‘Our government is utterly broke …The
government’s total indebtedness is $211 trillion’. 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
] .This is the consequence of a structural shift fed by greed and misguided
policy and cannot be undone (transfer of productive capacity to ie., China,
etc., ‘the bell cannot be unrung’). That said which militates against such an
extension, this is an election year which probabilities suggest makes highly
likely the passage of the extension. I favor your co-sponsored legislation and
before the holidays simply in the name and spirit of Christmas and for no other
reason whatsoever. Below is a recent comment to Opinion Writer Krauthammer’s
‘more war spending (Keynesian) position’ and an article regarding the folly of
same. Immediately following is from my prior post to you concerning something
of such manageable proportion and well within the government’s ability to
resolve (if the government can’t accomplish this consistent with law and long
overdue, then there isn’t anything the government can accomplish), along with
other comments to you for ease of reference:
‘…As previously noted in a prior message to you, I had previously spoken to FBI Agent Bill Lewis in Washington who was recently promoted to the FBI Headquarters Office (D.C.) from the FBI office here in LA, and who was to be out of the office for the two weeks past. I’ll be contacting him given a reasonable time for him to ‘catch up’, from being out of the office. While independent contractor richard coan is ultimately the one to bear the burden of damages (there’s insurance and a surety covering same), coan might allude to the prior default of the u.s. government (assist. u.s. atty. robert i. lester miscounted / miscalculated the time for filing an answer / response to the complaint upon service thereof, also misstating the rule in open court before corrupt judge matz who ‘schmoozed’ things over (they both have the same employer), however incorrectly according to the ‘law’. I ordered / bought a copy of the transcript of that rather pathetic proceeding (posted in part on my website). In any event, regardless who pays me, the amounts so paid would ultimately be recovered from coan, his insurer/surety which amounts might even exceed the amount I’m willing to settle at. [There is also a judgment (referenced in the correspondence to FBI ADIC Martinez infra) that had been entered in my favor in the case, United States District Court Case #3:93cv02065(AWT)(USDCJ Alvin Thompson), worth approximately now in excess of $300,000 remains unaccounted for and which would benefit Los Angeles, etc.; and then, of course as well, the substantial damages. ] I’ve waited far too long for this matter to resolve, what should have been resolved in accordance with clear law long ago; and, which would have been resolved if not for typical u.s. corruption in the process; and, which is well within the government’s ability to resolve. In my world and way of thinking, results do count! I’ve included prior correspondence for ease of reference…’
Sincerely,
Albert
L. Peia
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
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.”
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 }
http://gainspainscapital.com { I’m constrained to add here what I believe
Graham Summers has not incorporated into his calculations; viz., that merkel
very well might not even want to be re-elected. That certainly seems to be the
case despite presumptions to the contrary. After all, there will ultimately be
no winners in this pathetic ponzi charade and ever growing debacle in the
making that she has seemed willing at every crucial juncture to countenance
despite it being antithetical if not diametrically opposed to german interests.
}
Typical of
Comments: valwayne, Today After
3 1/2 years of Obama we have the worst UNEMPLOYMENT since the Great Depression,
the most DEBT in the history of the world, the highest levels of POVERTY since
since 1965, Solyndra, Fast & Furious, the most people on foodstamps in
history, and its getting worse folks. In state after state after state. No
Presidency has ever inflicted as much damage on our nation, nor had his
Presidency fail so terribly.
Guest Post:
Assange Or Corzine? The issue at hand is the sense that we
have entered a phase of exponential criminality and corruption. A
slavering crook like Corzine who stole
$200 million of clients’ funds
can walk free. Meanwhile, a man who exposed evidence of serious war crimes is
for that act so keenly wanted by US authorities that Britain has threatened to throw
hundreds of years of diplomatic protocol and treaties into the trash
and raid the embassy of another sovereign state to deliver him to a power that
seems intent not only to criminalize him, but perhaps
even to summarily execute him. The Obama administration, of course, has
made a habit of summary extrajudicial executions of those that it suspects of
terrorism, and the detention and prosecution of whistleblowers. And the
ooze of large-scale financial corruption, rate-rigging, theft and fraud goes on
unpunished.
Conflict
Brewing Between UK And Ecuador As Latin American Country Agrees To Grant Asylum
To Assange Are we about to see a
mini-war on UK soil, if and when Britain decides to storm the Ecuadorian
embassy, which moments ago announced it has granted asylum to Julian Assange?
From Reuters:
"Ecuador granted political asylum to Julian Assange on Thursday,
ratcheting up tension in a standoff with Britain which has warned it could
revoke the diplomatic status of Quito's embassy in London to allow the
extradition of the WikiLeaks founder. The high-profile Australian former hacker
has been holed up inside the red-brick embassy in central London for eight
weeks since he lost a legal battle to avoid extradition to Sweden, where he is
wanted for questioning over rape allegations. Ecuadorean Foreign Minister
Ricardo Patino said he feared for the safety and rights of Assange which is why
he said his country had decided to grant him asylum. "Ecuador has decided
to grant political asylum to Julian Assange," Patino told a news
conference in Quito. Ecuador's decision takes what has become an international
soap opera to new heights since Assange first angered the United States and its
allies by publishing secret U.S. diplomatic cables on his WikiLeaks
website." The UK, needless to say, is not happy, and the UK foreign
ministry has said it will carry out binding obligation to extradite Assange to
Sweden. Looks like posturing is about to hit a crescendo
and someone will have to do something. Because foreign politics and diplomacy
is (luckily) not central planning.
Buchanan:
'Obama has steadily diminished both himself and the office he holds'... { Indeed he has; and, that’s putting it
mildly! } ‘…In an ad
produced by the super PAC Priorities USA, Mitt Romney is charged with moral, if
not material, complicity in the cancer death of the wife of a Missouri
steelworker. Speaking straight into the camera, Joe Soptic, 62, charges Romney
with coldly shutting down the plant where he worked and cutting off his health
insurance. This, says Soptic, left his wife without insurance to pay for her
care, until, falling ill, she went to a doctor, who discovered stage 4 cancer,
which killed her in 22 days.Soptic implies a causal connection between Romney’s
decision to shut the plant and his wife’s death. The ad is a premeditated
attempt to murder the reputation of Mitt Romney. And from start to finish, it
is a deception. The truth. Mitt Romney gave up leadership of Bain Capital in
1999. The steel plant was closed in 2001. Soptic lost his health insurance, but
his wife was still working and had hers. She lost her job and insurance in
2003. Her illness and cancer were discovered in 2006, when Romney was ending
his fourth year as governor of Massachusetts…’
{ It’s really quite amazing: everything but the facts/truth from wobama
et als. Actually, wobama has a real tax evader in his ranks; viz., tiny tim
geithner who asserted the statute of limitations to get out of paying taxes
that were rightfully due. Should President Romney as a rational business man
whose record at Bain was conceded by Bill Clinton to have been sterling have
instructed his accountants to forget all they know about accounting/taxation
and do a bad job (now doing a bad job is something that failed president wobama
can identify with and knows something about). Then there’s dirty harry:
Drudgereport: HARRY REID
HELPS CHINESE SOLAR FIRM REPRESENTED -- BY HIS SON!
PAPER: It's
time to fight back against Dirty Harry...
Wife: Rep.
Jesse Jackson Jr. getting treatment but 'still very depressed'...
Ethics
investigation continues...
BIASED MEDIA
BASH: 86% of Romney coverage NEGATIVE... { Friday
Humor: (obama last campaign) "I Am Pledging To Cut The Deficit We
Inherited By Half By The End Of My First Term In Office" ZeroHedge.com Wow!
The only explanation might be they’ve been duped by wobama along with
the rest of the nation and are too embarrassed for not doing their reasonably
expected due diligence on grifter obama and just won’t own up to the reality of
the fraud called wobama! Wobama the b for b***s*** speaks … on the prior
pre-election campaign trail ( 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’ … ) 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…’]
} Boehner:
Obama has 'never even had a real job, for God's sake'...
O BRINGS
BACK TELEPROMPTER...
REPORT:
Warnings ignored in Solyndra loan...
{ In the final analysis, I truly believe americans
will prove they are not that dumb; that they are not going to be shamed by
being fooled twice (fool me once, shame on you; fool me twice, shame on me);
that they will let politicians everywhere know that results count! Keeping
campaign promises counts! Hope and change…can you believe that wobama et als
are actually saying that again? The audacity…eh, what the heck…he’s just a
typical jive-talking black…cut him some slack…pathetic…The only reality for
hope and change is hope that wobama changes. That’s not likely! He’s gotten by
on b***s*** his entire life and is a desperate and total fraud! I believe this
will be a reality-based high-margin blowout victory for President Romney! }
Prisonplanet.com | The
Thomas More Law Center has announced that it has filed a federal lawsuit
against Homeland Security Secretary Janet Napolitano.
Shocking
Federal Lawsuit Against DHS Napolitano: Big Sis Favored Her Gal Pals, Treated
Male Staffers “Like
Lapdogs,” Her Female
Staff Tormented Male Employees with “Sexually Charged Games” { Whoa! Lapdog to
Napolitano! Whew! Ew! Wow! Yuck! After all, jano almost makes mo reno look like
a beauty queen! I’m starting to get dry heaves! …In the suit
Hayes also accused Napolitano’s chief of staff at ICE, Suzanne Barr, of repeated
'sexually offensive behaviour' intended to 'humiliate and intimidate male
employees'.On one occasion, Barr called a colleague in his hotel room and
screamed using sexually explicit language, telling him she 'wanted his c*** in
the back of [her] throat' (of course, this impressionable lesbian must have
seen ‘deep throat’; maybe she
really thinks there’s a possibility she has a clitoris in the deep
recesses of her throat…or not…just kidding). Might this be behind (pun) the
sadistic groping of TSA. Pretty sordid stuff, indeed! } Hayes claims he 'felt
that he was being targeted because of his gender' and witnessed Barr repeatedly
picking on men. She 'created a frat-house type atmosphere that is targeted to
humiliate and intimidate male employees', according to court papers. In 2009
she 'removed the entire contents of the offices of three male employees,
including nameplates, computers and telephones, to the men’s bathroom
at ICE headquarters'. Read more: http://www.dailymail.co.uk/news/article-2186507/Janet-Napolitano-favoured-woman-long-relationship-job.html#ixzz23ERN7rMx }
http://albertpeia.com/nationalconsequencesofenslavementtobankers.htm { I really have to tell you, I’d rather be
enslaved by bankers than … Jano, see supra … Just kidding! Neither, is my real
answer! }
Submitted by Tyler
Durden on 08/15/2012
The Mississippi
River Is Drying Up http://albertpeia.com/mississippidryingup.htm
8-14-12 Dave’s Daily: http://www.etfdigest.com ‘DATA MANIPULATION UNDER COVER Retail Sales data was
released Tuesday and on the surface the headline data was a pleasant surprise.
Expectations were for a rise of .3% but the number came in at .8%. One very
sour note was June data was revised to -.7% from -.5% which was a bummer. But
the real story was in a new calculation method by the census bureau (ably
assisted by the Bank of Spain…I kid you not) changed their methodology for seasonal
adjustments as noted HERE
& HERE. Without this
adjustment the data would have showed a -.9% decline. This follows along with
all the adjustments made in the CPI (released tomorrow) since 1980 that made
inflation data always look better ultimately and Employment data with
birth/death adjustments.Other data released today included the PPI (.3% vs .2%
expected & prior .1%) and Business Inventories which fell (.1% vs .2%
expected & prior .3%)In the eurozone German Economic Minister Phillip
Roesler stated Greece would not get a third aid package if it did not implement
reforms, stating: “We don’t’ want the Greek government to be insolvent but we
could deal with the consequences if necessary.”While German economic data was weak, it wasn’t as weak
as feared Tuesday causing a rally in the DAX. Nevertheless the 17 nation EMU
economy overall is moving
into recession with -.2% GDP. But expectations are high the ECB and other
central banks would be injecting more liquidity and bailouts sending most
shares higher. Speaking of central banks, the Bank of Japan released minutes
indicating they would be will to do more QE and the PBOC is now actively in the
process of doing reverse repos providing short term lending to banks.Earnings
saw good results from Home Depot (HD) but more disasters in social media stocks
(SOCL) where (ZNGA), (FB) and now (GRPN) have lost nearly $58 billion since
their share issuance. This is reminiscent of the dotcom days.The dollar (UUP)
was flat and gold (GLD) was weaker. Crude oil (USO) recovered from Monday’s late
selling given ongoing troubles in Norway, Iran sanctions and Middle East
tensions. Commodity markets (DBC) overall were mildly higher with energy but
weakness in agricultural markets. Bond markets (IEF) were weaker in advance of
another round of auctions Wednesday.U.S. stocks drifted about aimlessly and are
no doubt waiting for more important data as this week unfolds. Further bulls
look for a QE3 outcome from the Jackson Hole rendezvous near the end of the
month.Volume was once again very light and breadth per the WSJ was mildly
negative…’ , You
Will Not Believe What Some People Are Willing To Do For A Paycheck These Days http://albertpeia.com/desperateforapaycheck.htm , Dan
Loeb Purges Portfolio, Cuts Over Two Thirds Of Equity Holdings, Adds 25 New
Positions ZeroHedge.com , S&P
500 Futures 'Plunge' 1.25 Points - Most In 10 Days! , Bill
Gross On Where "Bad Bonds Go To Die": Joins Paul Singer In Hatred Of
Treasurys A week ago we brought you
Elliott Management's summary opinion on US paper: "We
Make This Recommendation To Our Friends: If You Own US Debt Sell It Now."
Today, Bill Gross doubles down. Gross: The #Fed is where
bad bonds go to die. Today it was 10-years. Tomorrow 30-years. Stay short my
friends. , Is
Investment Grade Issuance Driving Treasury Weakness (Again)? , NY
State Regulators Settle With Standard Chartered At 0.14% Transaction Fee *NEW YORK SETTLES PROBE OF STANDARD
CHARTERED FOR $340 MLN .. the $250
billion of 'laundering' transactions - sanctions/terrorism/drugs-related or not
- are settled for a 0.14% transaction fee (that'll teach 'em!). In other
words, Std Chartered's IRR for committing years of crime is 714%. Finally
this is a whopping 1.9% of the bank's entire 2011 revenues,
or in other words they had to hand over 7 days of revenue (assuming
a 365 day work week). Of course there are other fines/penalties to come but it
looks like someone got a little over-excited at the regulators or as we note,
STANCHART had some bottom-drawer details no one wanted outed. And now, employees
of US "regulators," "enforcers" and various other
"crime fighting" organizations can look forward to submitting their
resumes to the British banks all over again.
, What
Happened The Last Two Times VIX Closed Below 15%? VIX has only rarely traded below 15% during 'new normal' times.
The period from 2004 to early 2007, the so-called 'Great Moderation', saw VIX
average 13.6% - at the time stunningly low (and notably where VIX closed
yesterday). While looking at VIX alone can be misleading (with regard
to the term structure differences and realized vol premia), it is nevertheless
a gauge of market's expectations of return volatility in the short-term -
however contemporaneous that is. Following the two times that VIX
first closed below 15%, the S&P 500 has suffered from a 5.25% and 7.75%
plunge in the following two months - and each time saw a quick
post-VIX-plunge pop in stocks that provided better entry levels for shorts. High Yield
credit also stumbled hard widening 80 and 150bps respectively. , Guest
Post: Heightened Expectations And The Collapse Of Credibility , Mark
Grant And Rick Santelli On Europe: "It's A Ponzi Scheme To Be Honest With
You" , Mystery
Of July Retail Sales "Beat" Solved: It Is All In The "Seasonal
Adjustment" The July retail
sales beat came as a surprise to many: an 0.8% increase (full
series here) at a time when the data was supposed to grow at less than half
this would surely be indicative of a potential turnaround in the US economy.
Then we decided to do a quick spot check if maybe the Census Bureau had not
adopted one of the BLS' worst habits: fudging seasonal adjustment factors. The
reason for this is because we happened to notice that Not Seasonally Adjusted (full series here)
retail sales data in July actually declined by 0.9% from $405.8
to $402 billion. Of course, if the Census Bureau was using a
consistent, or at least remotely comparable July seasonal adjustment factor as
it has in the past, this would make sense and we would move on. So we decided
to look at what the July seasonal adjustment variance over the past decade has
been. What we found would have shocked us if indeed this is not precisely what
we expected: with the July seasonal adjustment factor routinely subtracting a
substantial amount from the NSA number, averaging at -$5.2 billion, in 2012,
for the first time this decade, the seasonal adjustment not only did not subtract,
but in fact added "value" to the NSA number, resulting in a
seasonally adjusted number that was $1.9 billion higher than the NSA number at
$403.9 billion. , The Financial
Decline In Europe Continues As
Industrial Production falls -0.6% in Europe and as the economy shrinks -0.2%
there is once again a good reason to pause to consider the ramifications for
this going forward. When you sit back and take a hard look at the last two
years you begin to learn a few things. If you just stick to the actual data and
forget the rhetoric that surrounds it the picture becomes clearer. Each and every
projection for Greece, Spain and Italy that has been forecast by the EU and the
IMF has been wrong; dead wrong. Europe is getting worse and not
better. Whether you turn your attention to Greece, Spain, Italy, Portugal or
even Ireland; it is getting worse. Nowhere on the Continent are things
improving and even in France and Germany the financial strains are beginning to
show. It is not a question of Euro-bear or Euro-bull; it is just the numbers as
they come rolling out month after month. It is the
banks, it is the sovereigns and grand visions must, in the end, give way to the
facts.
Factory
owners: Federal prisoners stealing our business
CNN | Unicor’s prisons pay inmates as little as 23 cents an hour
to make goods for the Pentagon and other federal agencies.
You
Will Not Believe What Some People Are Willing To Do For A Paycheck These Days
The Economic Collapse | It is
absolutely amazing what some people will do to make a living in this economy.
Ryan’s
Fiscal Policy: Austerity for the Plebs, Bombs and Bullets for the Warheads
Kurt Nimmo | And more play dough for the sharksters on Wall
Street.
thisismoney.co.uk | Jamie
Dimon, the boss of blue blooded US investment bank JP Morgan, has launched a
foul mouthed attack on ‘banker bashers’.
Alan
Simpson Confirms Reality: “All The Things You Love Will Not Come To Pass”
Zero Hedge | Alan
Simpson laid out the sad and terrible truth that none of us or our politicians
can handle in a very direct and sincere interview withBloomberg TV’s Deirdre
Bolton.
Treasury:
U.S. to lose $25 billion on auto bailout
Detroit News | The
Treasury Department says in a new report the government expects to lose more
than $25 billion on the $85 billion auto bailout.
High
School Dropout? Gov’t Will Pay You 36% More Than Private Sector
CNS News | People
who drop out of high school and get a job with the federal government earn, on
average, 36 percent more in wages and benefits than their dropout counterparts
in the private sector.
8-13-12 Dave’s
Daily: http://www.etfdigest.com COMPLACENCY IN LATE AUGUST 8-13-12 { Complacency? More like insanity as
market reactions were the logical opposites to what the data would dictate,
infra. But, that’s been true for quite some time on fraudulent wall
street. } ‘Many investors follow the
VIX (CBOE Volatility Indicator) which measures put buying on the S&P 100
Index. Readings become elevated when the VIX rises above 20. When it rises
greater than 30, generally “fear” would be dominant. When the indicator is
below 20 “complacency” is present as put buying (betting equity prices would
decline) falls. The VIX has been steadily falling the past month and has
reached lows not seen since March (13.66) just before the previous correction
took place. The record VIX low in contemporary views was in late December 2006
(8.6) and we know what happened the following February as investors started to
confront financial issues with a major bear market in next pushing the reading above
20. Currently the VIX fell below 14 which is close
enough to where we were in March. Also, as you’ll note from within the chart
below we’re now at a weekly Demark sequential 9 count which is often a
precursor to “trend exhaustion”. It’s not a perfect indicator, and few are, but
given its nearness to March lows plus a light volume rally we should be
impressed by it. It was enough to cause us to lighten up equity exposure at the
opening of trading on Monday. Sometimes a reading like this will fail to produce
a reaction and the indicated market may just move sideways or ignore it
entirely. (Sideways was what occurred January 2012 with previous 9.) If the
market ignores it may only be because volume is so light pricing insurance via
puts is more difficult. One thing the VIX isn’t from my experience is a
shorting indicator from this reading meaning a time to step aside. Also fading
ZIRP and QE hasn’t been a winning strategy of late. If so, and markets just
continue higher, we’ll just have to get back in the markets as before. That
said, for subscribers to the ETF Digest
we noted on Friday that of the 600 ETFs and indexes we monitor, over 200 had
weekly 9 readings. That’s impressive.I put this out there for your interest
knowing perhaps it will lead to little in this odd environment we’re in.The VIX
fell even more on Monday as late day dip buyers stepped quickly into markets in
the afternoon. It may take a week or two to know if this DeMark view is
effective or not. Further there are other tools available to assess the
situation.Meanwhile in the eurozone a lawsuit was filed in Germany challenging
the legality of the ESM (European Stability Mechanism) which may cause a delay.
A rather bizarre article from Bloomberg
discussed confusingly the situation with Germany specifically. Also key members
of the German government are hinting at no further assistance for Greece which
shouldn’t surprise. Perhaps we’ve dragged the Greek drama out long enough that
a failure would be nonevent.Stocks were lower from the opening and the DJIA was
down nearly 100 points only to rally once again on dip buying in the afternoon.
Homebuilder stocks (XHB & ITB) were much higher despite new home sales being
50% below average. The dollar (UUP) was weaker as the euro rose oddly given
the lawsuit; gold (GLD) was lower; bonds (IEF) were slightly weaker; and,
commodities overall were weaker (DBC) particularly as grains (JJG) sold-off.
Volume remains incredibly light even by mid-August standards but more economic
data should change that starting Tuesday. Breadth per the WSJ was mildly
negative…’ , Are
The Government And The Big Banks Quietly Preparing For An Imminent Financial
Collapse? http://albertpeia.com/imminentfinancialcollapse.htm , Deep
Fried Black Swan Lands As China Admits It Has A Food Inflation Problem,
Releases Corn, Rice From Reserves
ZeroHedge.com , Volume
Crashes As S&P 500 Breaks Winning Streak Even And VIX Plunges To Five Year
Lows The cash S&P 500 closed
very modestly in the red - but tried its best into the end of the day-session
to get green to make it seven-in-a-row. After-hours, amid heavier block size,
S&P 500 e-mini futures (ES) pushed up to the overnight highs and tried to
hold green but failed. NYSE volume plunged - almost
unbelievably to be frank - to its lowest non-holiday-trading day volume in over
a decade. Intraday ranges remain tiny and average trade size
unremarkable as ES is still suffering from the post-Knight slashing in volume
(down 45%!!). Are we witnessing Gross' death of equities? , Group
Selling In Groupon After Hours
, Thai
Senator "Accidentally" Kills Secretary With Submachine Gun, Has
Arrest Immunity, Faces $636 Fine
, Charting
The Lost Generation Of Investors
There is a segment of the Baby Boomers that will never return to
investing in equities because the last 12 years has produced a lack of returns
with relentless volatility and scary headline news. BofAML's Mary Ann Bartels
notes that equity holdings as a percentage of financial assets peaked in
2000 and have been declining ever since. This same behavior occurred last time
the market traded sideways from 1966-1984 (16 years) and we clearly face the
risk of more years of sideways trading to come as cumulative bond
and equity flows show no sign of letting up at all. , Guest
Post: How Badly Does Wall Street Want A Romney Presidency? Does Wall Street really want a
Romney Presidency? Or could Wall Street not care less, because they
know that both sides will gladly do their bidding? After all it’s not like
Obama has tried to jail corrupt bankers — Corzine,
who after raiding segregated accounts is surely up there with the most corrupt
guys on Wall Street — has been bundling for Obama as recently as April.
Ignore the chickenshit donations. If markets fall significantly between now and
November — 1300, 1200, 1100, 1000 — the powers that be on Wall Street want a
Romney presidency. After all, it’s not only possible but extremely easy to
deliberately crash the market. No S&P crash? They’re happy to
stick with Obama. , Spiegel:
Investors Prepare For Euro Collapse
, Bronze
Is The New Gold And Why Swallowing Aliens Never Ends Well , Bayou's
Ponzi, Vodka And Cocaine, Murder, And Frontrunning The Fed's "Secret"
Bond Market , Bernanke's
Dilemma: How US Corporations Became Addicted To Endless QE ,
Oil hits 3-month high above $114 on supply concern (Reuters) , How
to Spot – and Defeat – Disruption on the Internet Posted by : George Washington Post date: 08/13/2012 - 15:43 The 15
Rules of Web Disruption
David Martin’s Thirteen Rules for Truth
Suppression, H. Michael Sweeney’s 25 Rules of Disinformation (and now
Brandon Smith’s Disinformation: How It Works) are
classic lessons on how to spot disruption and disinformation tactics.
We’ve seen a number of tactics come and go
over the years. Here are the ones we see a lot of currently.
#1. Start a partisan divide-and-conquer fight or
otherwise push emotional buttons to sew discord and ensure that cooperation is
thwarted. Get people fighting against each other instead of the corrupt powers-that-be. Use baseless
caricatures to rile everyone up. For example, start a religious war
whenever possible using stereotypes like “all Jews are selfish”, “all Christians are crazy” or “all Muslims
are terrorists”. Accuse the author of being a gay,
pro-abortion limp-wristed wimp or being a fundamentalist pro-war hick
when the discussion has nothing to do with abortion, sexuality, religion, war
or region. Appeal to people’s basest prejudices and biases. And – as Sweeney
explains – push the author into a defensive posture:
Sidetrack opponents with name calling and ridicule … Associate
opponents with unpopular titles such as “kooks”, “right-wing”, “liberal”, “left-wing”, “terrorists”, “conspiracy buffs”, “radicals”, “militia”, “racists”, “religious fanatics”, “sexual deviates”, and so forth. This makes others shrink from support
out of fear of gaining the same label, and you avoid dealing with issues.
#2. Pretend it’s hopeless because we’ll be squashed if we try. For example, every
time a whistleblower leaks information, say “he’s going to be bumped off”.
If people talk about protesting, organizing, boycotting, shareholder activism,
spreading the real facts, moving our money or taking other constructive action,
write things to scare and discourage people, say something like “we don’t have any
chance because they have drones and they’ll just kill us if we try”, or “Americans
are too stupid, lazy and greedy, so they’ll never help out.” Encourage people to be apathetic instead of
trying to change things.
#3. Demand complete, fool-proof and guaranteed
solutions to the problems being discussed. For example, if a
reporter breaks the story that the big banks conspired to rig a market, ask “given that
people are selfish and that no regulation can close all possible loopholes … how are
you going to change human nature?”, and pretend that it’s not worth talking about the details of the market
manipulation. This discourages people from reporting on and publicizing
the corruption, fraud and other real problems. And it ensures that not
enough people will spread the facts so that the majority know what’s really
going on.
#4. Suggest extreme, over-the-top, counter-productive
solutions which will hurt more than help, or which are wholly disproportionate
to what is being discussed. For example, if the discussion is
whether or not to break up the big banks or to go back on the gold standard,
say that everyone over 30 should be killed because they are sell-outs and
irredeemable, or that all of the banks should be bombed. This discredits the
attempt to spread the facts and to organize, and is simply the web method of
the provocateur.
#5. Pretend that alternative media – such as
blogs written by the top experts in their fields, without any
middleman – are untrustworthy or are motivated solely by money (for
example, use the derogatory term “blogspam” for any blog posting, pretending that there is no
original or insightful reporting, but that the person is simply doing it for ad
revenue).
#6. Coordinate with a couple of others to “shout down” reasonable
comments. This is especially effective when the posters launch an
avalanche of comments in quick succession … the original, reasonable comment gets lost or
attacked so much that it is largely lost.
#7. Use an army of sock puppets. You can either
hire low-wage workers in India or other developing countries to “astroturf” or – if you work for the government – you can
use software which allows you to quickly create and alternate between numerous
false identities, each with their own internet address.
#8. Censor social media, so that the
hardest-hitting information is buried. If you can’t censor
it, set up “free speech zones” to push dissent into dank, dark corners where no one will
see it.
#9. When the powers-that-be cut corners and
take criminally reckless gambles with our lives and
our livelihoods, protect them by pretending that the inevitable result
- nuclear accidents, financial crises, terrorist attacks or other disasters – were “unforeseeable” and that “no could
have known”.
#10. Protect the rich and powerful by labeling
any allegations of criminal activity as being a “conspiracy theory”. For example, when Goldman gets caught rigging
markets, label the accusations as mere conspiracies.
The following 4 tactics from Sweeney are also still
commonly used …
#11. Become incredulous and indignant. Avoid
discussing key issues and instead focus on side issues which can be used show
the topic as being critical of some otherwise sacrosanct group or theme. This
is also known as the “How dare you!” gambit.
#12. Use a straw man. Find or create a seeming
element of your opponent’s argument which you can easily knock down to make
yourself look good and the opponent to look bad. Either make up an issue you
may safely imply exists based on your interpretation of the opponent/opponent
arguments/situation, or select the weakest aspect of the weakest charges.
Amplify their significance and destroy them in a way which appears to debunk
all the charges, real and fabricated alike, while actually avoiding discussion
of the real issues.
#13. Hit and Run. In any public forum, make a brief
attack of your opponent or the opponent position and then scamper off before an
answer can be fielded, or simply ignore any answer. This works extremely well
in Internet and letters-to-the-editor environments where a steady stream of new
identities can be called upon without having to explain criticism reasoning — simply
make an accusation or other attack, never discussing issues, and never
answering any subsequent response, for that would dignify the opponent’s
viewpoint.
#14. Question motives. Twist or amplify any fact
which could so taken to imply that the opponent operates out of a hidden
personal agenda or other bias. This avoids discussing issues and forces the
accuser on the defensive.
#15. Associate opponent charges with old news. A
derivative of the straw man usually, in any large-scale matter of high
visibility, someone will make charges early on which can be or were already
easily dealt with. Where it can be foreseen, have your own side raise a straw
man issue and have it dealt with early on as part of the initial contingency
plans. Subsequent charges, regardless of validity or new ground uncovered, can
usually them be associated with the original charge and dismissed as simply
being a rehash without need to address current issues — so much
the better where the opponent is or was involved with the original source.
Postscript: Over a number of years, we’ve found
that the most effective way to fight disruption and disinformation is to link
to a post such as this one which rounds up disruption techniques, and then to
cite the disinfo technique you think is being used.
Specifically, we’ve found the following format to be highly effective
in educating people in a non-confrontational manner about what the disrupting
person is doing:
Good Number 1!
Or:
Thanks for that textbook example of Number 7!
(Include the link, so people can see what you're
referring to.)
The reason this is effective is that other readers
will learn about the specific disruption tactic being used … in
context, like seeing wildlife while holding a wildlife guide, so that one
learns what it looks like “in the field”. At the same time, you come across as
humorous and light-hearted instead of heavy-handed or overly-intense.
Try it … It works.’
8-10-12 Eric
Sprott: The Solution…Is The
Problem, Part II ZeroHedge.com When we wrote Part I of this paper in June 2009, the total U.S. public
debt was just north of $10 trillion. Since then, that figure has increased by
more than 50% to almost $16 trillion, thanks largely to unprecedented levels of
government intervention. Once the exclusive domain of central bankers and
policy makers, acronyms such as QE, LTRO, SMP, TWIST, TARP, TALF have found
their way into the mainstream. With the aim of providing stimulus to the
economy, central planners of all stripes have both increased spending and reduced
taxes in most rich countries. But do these fiscal and monetary measures really
increase economic activity or do they have other perverse effects?... The
politically favoured option of financial repression and negative real interest
rates has important implications. Negative real interest rates are basically a
thinly disguised tax on savers and a subsidy to profligate borrowers. By
definition, taxes distort incentives and, as discussed earlier, discourage
savings.... The current misconception that our economic salvation lies with
more stimulus is both treacherous and self-defeating. As long as we continue
down this path, the “solution” will continue to be the problem. There is no
miracle cure to our current woes and recent proposals by central planners risk
worsening the economic outlook for decades to come. , Guest
Post: Moral Relativism And Patriotism As Weapons Of The State The first step toward liberty is
to see through the masking fog the state engulfs itself in to carry out its
deeds of conquest. Using reason to discover absolute truths is an
essential part of determining how one should live their life in accordance with
sound ethics. Relativism denies this. It can deny that evil is
committed by the state and that reprehensible acts are perfectly okay when done
by individuals with guns and badges. All it takes to reverse such
destructive thinking is the realization that state authority deserves no pass
in moral scrutiny. Withdrawing consent comes next on the
path to a free society. , Former
Defense Secretary Says US Will Probably Enforce "No Fly Zone",
"Take Aggressive Action" Over Syria Three months to the election? Check. Which means war-mongering
rhetoric, once considered a staple of the GOP, may very soon become action,
first in Syria, and soon, everywhere else. From Bloomberg:
"The U.S. and allied forces probably will impose a “no-fly zone”
over Syria and take other “more aggressive action” against the Syrian regime,
former Defense Secretary William Cohen said. While the
U.S. has been leery of another military intervention after a decade of wars, “We’re coming
to the point, however, where the violence is getting so severe, I think, that
you’ll see a
movement towards setting up those no- fly zones,” Cohen said on Bloomberg Television’s “Political
Capital with Al Hunt” airing this weekend." Is war and immediate
geopolitical escalation guaranteed? Not yet: "The former Pentagon chief
and Maine senator, now chairman and chief executive officer of the Cohen Group
consulting firm in Washington, said any U.S. military action would depend on
participation and support from allies." Although desperate times, and by
that we mean unfavorably trending popularity ranking, will certainly require
desperate measures. Such as the continued massive build up of US naval assets
in the middle east. , Presenting
The Ultimate 'Muppet' Indicator
Today's MANU fiasco tipped the scale on the dichotomy between the
seeming exuberance that occurs on the stock exchange floors (and the incipient
media attached to it) and the reality of what an IPO is and what exchanges do.
Since the middle of last year - when the impossible was suddenly made possible
by the US debt downgrade and markets realized that Keynesian arithmetic was an
academic version of three-card-Monti - Bloomberg's IPO
index has dramatically diverged in performance from the ever-exuberant S&P
500. This index of post-IPO performance sends an ominous
signal. It must be clear by now that IPOs now occur when when MANAGEMENT want
to cash out - simply put they are trying to maximize their gain. The divergence
between new-money weakness and stuck-money strength highlights more than ever
the Muppet-fleecing purpose of 'our markets'.
, Credit
Slumps, Equity Pumps, And Volume & Volatility Dumps , Referendum:
Is Germany Preparing For The Nuclear Option? Two months ago, in the aftermath of the "surprising
victory" for the Italian PM from the June 29 European summit, which the
media mistakenly interpreted as successful for Monti and Rajoy, whose hijacking
tactics merely led to even more European animosity and instability in a system
that is beyond fragile (i.e., Europe), we proposed an entirely different
explanation, namely that "Merkel's
Surprising "Defeat" was Merely A Gambit For A German Referendum?"
To wit: "it appears that events over the past week may have been merely a
gambit for something that Schauble and Weidmann have already hinted at: a popular
referendum that decides the fate of Europe once and for all, washing Merkel's
hands and letting the people decide if they want the European experiment to
continue or not." Turns out we were right. , The
Broken Market Chronicles: 200% Of Man United's Float Will Trade In A 10 Cent
Interval Today … we suspect
the underwriters of the MANU IPO are 'pulling-a-facebook' and onboarding
whatever they have to. There has now been 9.5 million shares
bid at $14.00 (and none asked) - more than half the float alone! It seems
increasingly self-evident that IPOs are simply weath transfer mechanisms - no
win-win - and that the value-add from 'stock exchanges' is rapidly converging
to zero. , Are
You Better Off Than You Were Four Years Ago? The phrase "Are You Better Off Than You Were Four Years
Ago?" and "It’s the Economy, Stupid" have become standards of
American election discourse in recent decades. And seemingly for good reason.
Although it is rare to unseat an incumbent, poor economic performance seems to
play a role. We are less than four months away from the US Presidential
election. Financial and economic developments have caused surprise
political outcomes around the world from time to time. UBS
took a look back at the first terms of the nine presidents that preceded
President Obama to determine if the performance of economic variables had any
predictive power in determining the odds of re-election for a second term. The news is not
good, from GDP growth to real disposable income, and from unemployment to the
Misery Index, it seems the bailer-out-in-chief may just have an uphill
battle. , Egan
Jones Downgrades Goldman Sachs From A- To BBB+ , Californicated:
From Facebook To Stockton And San Bernardino: How CalPERS Became A Golden State
Worrier The last few weeks have not
been fun for California. Facebook's face-plant removed a large part of the
unbelievably 'expected' tax revenues for the state, Stockton BK'd, and now we
find out that San Bernadino - the latest and greatest city to file for
municipal bankruptcy (after a $46 million shortfall in its budget was
irreconcilable). The reason it's a big deal - unfortunately the state's
retirement fund - CalPERS - is the city's largest creditor by far with a
wonderful $143.3 million exposure. This is more than half the entire
debt load of $281.4 million of the Top 20 creditors alone! The deadline for
creditors to challenge bankruptcy eligibility is September 21st and we suspect
that until then, the comptrollers should be renamed the Golden State
Worriers? What is ironic is the same unions that we suppose
are fighting the city over cuts and forcing it to take such drastic action are
likely to be entirely beholden to their pension benefits from the very same
CalPERS which is about to take a sizable haircut.
http://albertpeia.com/psycopathssociopathsamericasocietalcollapse.htm
{ Think about this! By wobama’s own criteria in his
last total b***s*** campaign, he should be stepping down; having failed on all
counts and then some. He also promised to cut the nation’s deficit in half by
the end of his term; yet, he has increased the nation’s deficit by a record
amount greater than all the presidents since Eisenhower COMBINED ($5 trillion).
He has done this to help cover up his unequivocal failure by any standard by
which you measure a presidency, including his own. People in america must show
the Washingtonians they are not doormats! They must stand up and let these
politicos know that results count; particularly promised results. Absent
positive results as with unmitigated failure, choom-gang-banger wobama, they
get the boot. President Romney deserves the 4 years he’ll have to turn this
disaster called america around. If President Romney doesn’t cut the mustard in
4 years as promised, then he will be out. Results Count! I believe that people
in the final analysis will choose self-respect; that is, choose NOT to be
wobama’s doormat. Despite and contrary to wobama’s spin/propagandameisters’
desperate spin/outright falsity which addresses anything but wobama’s clear
record of failure, President Romney is smart enough, flexible enough, and with
a record of concrete results behind him as compared to wobama choom
fantasy/b***s***, President Romney will be a hands-on President to the entire
nation in the most positive sense. As such, I believe people will choose self-respect,
reality, real results which will make President Romney’s election a substantial
margin blowout victory!
Friday
Humor: "I Am Pledging To Cut The Deficit We Inherited By Half By The End
Of My First Term In Office"
ZeroHedge.com Tyler Durden { Wobama the b for
b***s*** speaks … on the prior pre-election campaign trail ( 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 $211 trillion’ … ) Obama's Five
Trillion Dollar Lie http://albertpeia.com/obamas5trilliondollarlie.htm }
8-9-12 Dave’s Daily: http://www.etfdigest.com ‘MARKET SUMMER BOREDOM CONTINUES
8-9-12 The good news from the U.S. today was Jobless Claims declined (361K vs
367 expected & prior revised higher to 367K allowing for a larger beat).
That was about it for good news. The bad news was 127K were dropped from the
rolls as their benefits have expired and, wait for it…the Bureau of Labor
Statistics goofed releasing this news 12 hours before time. Fear not, the BLS
is investigating and you can expect results of this breach in the distant
future. More news included an increase in international trade ($-42.9B vs
expected $-47.5B & prior revised to $-48B); the Bloomberg Consumer Comfort
Index fell (-41.9 vs prior -39.7 probably due to rising energy & food
costs) and, Wholesale Trade fell (-.2% vs .3% expected & prior revised to
.0% from .3%). Taken as a whole the data wasn’t inspiring although some thought
the trade data was suggestive of a small rebound in GDP.From overseas China
Factory Production fell to a 3 year low; inflation increased 1.8% and Home
Sales fell 14.5% and prices declined (gulp!) $71B. In
the UK exports declined 4.9% which must be Olympic gear is staying home?The
dollar (UUP) was higher and bonds (IEF) & (TLT) were weaker. Gold (GLD)
barely budged and commodities (DBC) were higher led by grains (JJG).Other than
this news markets remained motionless on light volume…’ , The
Sobering Reality Of What Life Is Like In Reno, Nevada http://albertpeia.com/realityofdyinguscitieslikerenonv.htm , What
the ECB Can Actually Do... Not Much Posted by: Phoenix Capital... So there is literally NO option that could save Europe at
this point. We can get verbal interventions and symbolic gestures (such as
Draghi's "bazooka" threat), but the fact of the... http://albertpeia.com/marketsshortsqueezeeurophorialunacy.htm , The Whack-A-Mole
Algo Is Back ZerpHedge.com , Guest
Post: Want More Tax Revenue? Increase Jobs Not Rates The Obama campaign has amplified its push on
increasing taxes on the wealthy and has painted Mitt
Romney as a Robin-hood in reverse saying that he wants to take from the
poor and give to the rich. The attack on Romney is incorrect as the real
truth is that it is the current Administration that is failing, once
again, to recognize that the problems facing the economy has nothing to do with
the current tax rate structure. It is election season, however…’ , Forget
The Fiscal Cliff, Here Comes The Corporate Bond Maturity Wall , Your
Complete Guide To The Coming Fiscal Cliff
, Art
Cashin On "The Folks Who Brought You 1.5% GDP and 8.3% Unemployment" , Wholesale
Inventories Drop MoM First Time in 9 Months As we
noted last night, inventory destocking is the great unknown as far as
consensus expectations and the wholesale inventories data this morning just
confirmed that this is a worrying trend. With the first drop MoM
since September 2011 and dramatically missing expectations,
inventories dropped 0.2% and perhaps more worryingly - given the drop in
inventories - is the critical inventory-to-sales ratio has now risen
two months in a row as clearly sales are dropping faster than companies were
expecting. , Bloomberg
Consumer Comfort Index Back At 'Severe Economic Discontent' Level , Insolvent
US Postal Service Loses Whopping $5.2 Billion In Third Quarter, 70% Higher Than
Year Ago , Disinformation:
How It Works The best way to disarm
disinformation agents is to know their methods inside and out. This gives us
the ability to point out exactly what they are doing in detail the moment they
try to do it. Immediately exposing a disinformation tactic as it is being used
is highly destructive to the person utilizing it. It makes them look foolish,
dishonest and weak for even making the attempt. Internet trolls most especially
do not know how to handle their methods being deconstructed right in front of
their eyes and usually fold and run from debate when it occurs. The truth is
precious. It is sad that there are so many in our society who
have lost respect for it; people who have traded in their conscience and their
soul for temporary financial comfort while sacrificing the stability and
balance of the rest of the country in the process. Disinformation does not only
threaten our insight into the workings of our world; it makes us vulnerable to
fear, misunderstanding, and doubt: all things that lead to destruction. It can
drive good people to commit terrible atrocities against others, or even against
themselves. Without a concerted and organized effort to diffuse mass-produced
lies, the future will look bleak indeed.
America’s
Great 2012 Drought Posted by : George Washington Post date: 08/09/2012 - 14:49 As Bad
as During the 1930s Dust Bowl?
What
the ECB Can Actually Do... Not Much Posted by: Phoenix Capital... Post date: 08/09/2012 - 12:52 So
there is literally NO option that could save Europe at this point. We can get
verbal interventions and symbolic gestures (such as Draghi's
"bazooka" threat), but the fact of the... http://albertpeia.com/marketsshortsqueezeeurophorialunacy.htm
Chautauqua
Notes | Ethical Challenges of Finally Fixing the Financial Crisis: Fair Deals
vs. New Deals Posted by : rcwhalen
Post date: 08/09/2012 - 07:48 From the perspective of ethics, the fiscal profligacy of
the US government and related behavior in the private sector is the cause of
the financial crisis
Greece
Prints Euros To Stay Afloat, The ECB Approves, The Bundesbank Nods: No One
Wants To Get Blamed For Kicking Greece Out Posted by:
testosteronepit
Post date: 08/08/2012 - 20:15 Who the heck turned off the spigot in the first place?
Fed
and Treasury Irate at NY Bank Regulator's Vulgar Display of Public Diligence
with Standard Chartered Posted by: ilene
Post date: 08/08/2012 - 16:27 Only the little people are meant to suffer for their
country.
U.S.
Postal Service loses $5.2 billion, warns of low cash
Reuters | “…the service projects a net loss of about $15 billion
for the fiscal year…”
More
Than 100 Million Americans Are On Welfare
American Dream | There are
more Americans dependent on the federal government than ever before in U.S.
history.
The Rot at The
Top with Gerald Celente
Infowars.com | The
Trends Research Institute analyzes world- shaping events and forecasts
tomorrows trends.
North
Korea Is Thought To Be Sitting On $6 Trillion Worth Of Rare Minerals
Business Insider | Anyone
following North Korean press may have noticed the country seems to be indulging
in some sort of construction boom recently.
Greece’s
Unemployment Rate Just Got Even More Horrifying
Business Insider | Greece’s
unemployment rate climbed to 23.1 percent in May, up from 22.6 percent in
April.
“The cult of equity is dying. Like a once bright green
aspen turning to subtle shades of yellow then red in the Colorado fall,
investors’ impressions of ‘stocks for the long run’ or any run
have mellowed as well. I ‘tweeted’ last month that the souring attitude might be a
generational thing: ‘Boomers can’t take risk. Gen X and Y believe in Facebook but not
its stock. Gen Z has no money.’” And. . . .“Unfair though it may be, an investor should continue
to expect an attempted inflationary solution in almost all developed economies
over the next few years and even decades. Financial repression, QEs of all
sorts and sizes, and even negative nominal interest rates now experienced in
Switzerland and five other Euroland countries may dominate the timescape. The
cult of equity may be dying, but the cult of inflation may only have just
begun.”
Bill Gross, Pimco
“Gold appears to be enjoying increasing popularity
again. There would appear to be brisk buying interest on the market below
[$1600]…which should provide the price with a safety net.”
Commerzbank’s Commodities Daily
“2008 wasn’t the real crash. The real crash is coming.”
Peter Schiff
Infowars | Alex discusses the bankster takeover of society.
Economic
Warfare: Iran Signals Currency Devaluation
Kurt Nimmo | The United States has waged economic war against
Iran since the late 1970s.
Crazy
Details About The Bank That’s Been Accused Of Transferring $250 Billion To Iran
Business Insider | U.K.
investment bank Standard Chartered could be suspended from operating in New
York.
Germany
Infuriated By ‘Fourth Reich’ Headline In Berlusconi Newspaper
London Guardian | German
politicians have reacted furiously to a front page in the Italian daily Il
Giornale.
Europe’s
Beggars: Bluffing Their Way To Unity And Propserity Via Hijacking And Extortion
Zero Hedge | What we
expected to happen is precisely what did happen.
Submitted by Tyler
Durden on 08/06/2012
Why
Europe Matters… And How Spain Could Wipe Out Your 401(k) Posted by
: Phoenix Capital... Post date: 08/06/2012 – http://albertpeia.com/eumatterswipeoutyour401k.htm In simple terms Europe is a HUGE deal
for everyone. We’re not talking about some distant region far off in the
distance that we will watch go down from our decks. We’re talking...
Obama
Is Using The Curiosity Landing To Push Government Spending
Business Insider | President
Barack Obama congratulated NASA on its successful mission to send a robotic
rover to Mars tonight, calling the landing of the Curiosity an “unprecedented
feat of technology.” { Riiiiight! ….. Geeeh! And
here, I already thought they’ve already
done that … and, it’s so helped america’s fiscal and economic position in the solar
system! } { MISSIONS TO MARS TIMELINE: 1992 to 2004
September 25, 1992 - Mars
Observer launched. Spacecraft designed to map the martian surface from orbit
with a large, sophisticated science payload.
August, 1993 - contact lost with
Mars Observer.
1995 - NASA selects Mars Polar
Lander for 1999 launch.
1996 - Athena Mars Rover mission
proposed (unsuccessfully) to NASA Discovery Program for launch in 2002.
November 7, 1996 - Mars Global
Surveyor launched.
November 16, 1996 - Russian Mars
'96 orbiter/landers launched.
November 17, 1996 - Mars '96
fails to achieve insertion into Mars cruise trajectory and re-enters the Earth's
atmosphere.
December 4, 1996 - Mars
Pathfinder launched.
July 4, 1997 - Mars Pathfinder
lands on Mars and begins a successful mission.
September 11, 1997 - Mars Global
Surveyor arrives at Mars and begins a successful mission that continues today.
September 27, 1997 - last
successful data transmission from Mars Pathfinder
November, 1997 - Athena Mars
Rover Payload selected for launch in 2001.
Spring, 1998 - NASA and JPL
announce that due to engineering problems and funding shortages in the Mars program,
launch of the Athena Mars Rover Payload will be delayed until 2003, with
landing in 2004. Instead, NASA will send a stationary lander (similar to the
Mars Polar Lander) to Mars in 2001. Four Athena instruments would be flown on
this lander as a precursor to the full Athena investigation in 2003.
July 3, 1998 - Nozomi, Japanese
Mars orbiter launched.
December 11, 1998 - Mars Climate
Orbiter launched.
December 21, 1998 - course
correction burns leave Nozomi with less fuel than expected. The orbiter is to
remain in heliocentric orbit for five years.
January 3, 1999 - Mars Polar
Lander launched.
September, 1999 - Mars Climate
Orbiter spacecraft fails to achieve orbit due to a navigation error.
December 3, 1999 - Mars Polar
Lander fails, apparently due to a software error.
May, 2000 - Mars 2001 Lander
mission, which would have used a lander similar to Mars Polar Lander, cancelled
by NASA. Mars program undergoes a major restructuring.
July, 2000 - NASA selects the
Mars Exploration Rover mission for flight in 2003. The mission will send a
large rover to Mars carrying the Athena Mars Rover Payload, and will use the
same landing system that was used successfully by Mars Pathfinder.
August, 2000 - NASA announces
that two identical rovers will be flown in 2003, each carrying identical copies
of the Athena payload.
April 7, 2001 - Mars Odyssey
orbiter launched; will aid in landing site selection for MER and relay data
from Athena instruments.
June 2, 2003 - The European
Space Agency's Mars Express Orbiter and Beagle 2 Lander launched from Baikonur,
Kazakhstan.
June 10, 2003 - The MER-A rover
called Spirit is launched from Cape Canaveral, Florida.
July 7, 2003 - The MER-B rover
called Opportunity is launched from Cape Canaveral, Florida.
December 9, 2003 - Nozomi
mission abandoned due to lack of fuel and a damaged electrical system.
December 26, 2003 - Mars Express
arrives at Mars.
January 3, 2004 - The Mars rover
Spirit lands.
January 25, 2004 - The Mars
rover Opportunity lands.
January, 2004-present - The
rovers Spirit and Opportunity operate on the martian surface. }
8-03-12 Dave’s
Daily: http://www.etfdigest.com
‘BULLS JUMP
ON EMPLOYMENT DATA’ 8-3-12 [ { Dave’s Daily Summary with pics/charts – Dave is
always worth a look; a bit too bullish methinks, but somewhat realistic in
light of the preposterous churn-and-earn frauds/’valuations’, which folly has gone global and will end quite
badly! http://albertpeia.com/davesummary8312.htm } Then there’s: { AP: Preposterous
beyond words! In a nutshell: lunatics here on wall street and abroad are indeed
affected by this full moon in a very big way! } ] ‘The Employment report was better than expected (163K
jobs vs 100K expected but prior revised lower to 64K from 80K). Inside the
numbers the unemployment rate rose to 8.3% and it was estimated 195K people
dropped from rolls meaning the so-called U-6 rate jumped to 15%. But algos
chose to focus on the headline number driving stock prices higher for another
end-of-week “stick save” which we’ve seen before.Perhaps not so much in the headlines
was a unique reevaluation of Draghi’s comments from Thursday as noted by Bloomberg
whereby it was suggested he was just laying the framework for a bargain.
Further another late article from Bloomberg
noted some inferred weakening within the German ranks which might be more
supportive of Draghi’s efforts. And, this article points to a split
perhaps from the Bundesbank and politicians—always a potential problem for the bank’s autonomy.
Meanwhile economic data from the eurozone continued to decline with the PMI
descending to 46.5 and the UK PMI (51) the lowest in 2 years.Also of note was the first repo
liquidity injection from the Fed to Primary Dealer’s (banks)
since December 2008. This was a small amount ($200M) but showed the Fed working
in a more subtle fashion to lubricate trading desks.Stocks were higher across
the board and intra-market correlations were running almost at 100% allowing
for little in the way of diversification. Everything rallied today except
natural gas (UNG), bonds (IEF) and the dollar (UUP) and that’s the
easiest way to sum things up.Now you might think from our comments we’re bearish
but we’re 60% long
equities in our active portfolio with the balance in cash. Sure, on days like
this we’d like greater exposure but you wouldn’t have said
that the prior 4 days. The bottom line is you can be a skeptic while remaining
systematic. Staying with longer term tech analytics (weekly & even monthly)
avoids a lot of the daily noise despite emotions. So when markets rally when
news overall and fund flows are this terrible that must be bullish or just
another bout of short-covering.We’re seeing markets (see SPY chart below) that very
much resemble similar periods to 2010 & 2011. Those markets featured
significant two-way action which made for poor trend-following conditions for
short-term investors. This is now enhanced by the presence of HFTs and algos
and a good explanation of how these work
which also makes it more appropriate to step away from shorter-term chart
views.Despite Friday’s good market action we still face trouble in the
eurozone and with global economic contraction not solved by one data point or
rumors and spin. Now we add elections and accompanying uncertainty to the
mix.Volume on Friday was light with most of it coming in the last 20 minutes on
ETFs squaring up positions. Breadth per the WSJ was positive but seemed short
of a 90/10 day…’ , Lest you
think we’ve turned the
corner. . . . August 3, 2012 MK
It’s Friday.
And if its Friday, the FDIC announces another bank failure. In this case the
40th bank failure this year. At that rate about six per month. (But who’s
counting?) Waukegan Savings Bank of Waukegan, Illinois. . . . Continue
reading … , The
Bernanke Put is a Lie By gpc1981 http://albertpeia.com/bernankeputalie.htm , The
Employment Rate In The United States Is Lower Than It Was During The Last
Recession http://albertpeia.com/usemploymentratelowerthanlastrecession.htm , Friday
Humor: "I Am Pledging To Cut The Deficit We Inherited By Half By The End
Of My First Term In Office"
ZeroHedge.com Tyler Durden { Wobama the b for
b***s*** speaks … on the
prior pre-election campaign trail ( 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’ … ) 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…’] } obama-"If we confront this crisis without
also confronting the deficits that helped cause it, we risk sinking into
another crisis down the road as our interest payments rise, our obligations
come due, confidence in our economy erodes and our children and grandchildren are
unable to pursue their dreams because they are saddled with our debts. That's
why today I am pledging to cut the deficit we inherited by half by the end
of my first term in office... That means taking responsibility right now in this
administration, for getting our spending under control." , EUR
Shorts Collapse By 35% In Two Months, Down 10% In One Week , Europe's
Largest Insurer Allianz Not Amused That Central Banks Are Involved In Liborgate , Treasury
Selling Another $4.5 Billion In AIG Stock, AIG To Buy $3 Billion Of Offering ‘…Bottom line: another $1.5 billion in AIG shares are
about to hit the market. Of course, in this broken market this will be seen as
bullish. At least initially. Then the selloff.
, Interview
With A High-Frequency Trader , Here's
Hilsenrath: The Door Is Still Open For The Fed To "Help The Economy" { A little more help like they’ve already
done, at this rate, beyond the inevitable crash, there’ll be but a
fallen nation of taxpaying serfs supporting the fiefdom and opulent lifestyles
of fraudulent wall street et als. } One
didn't think that an economic event could come and go without some commentary
from the WSJ's resident "Fed mouthpiece-cum-economist" who
has rapidly become a caricature of himself, and is solely known for his
heretofore programmed leaks of Fed policy, which tended to work until it
didn't. In a normal day when newsflow or fundamentals actually mattered, we
would focus on far more important things. However, since we are caught in the
manic phase of the market's daily bipolar gyrations, and nothing can make a
dent in sentiment at least until Monday when the market suddenly decides it was
100% wrong in its re-interpretation of Draghi's comments (last we checked
there is still no press release from the Bundesbank saying it has agreed to any bond
buying, let along short-dated) and decides to plunge all over again, here is
Jon with more propaganda that today's NFP beat, which is still well below the
200+ needed to maintain the declining unemployment rate trendline, means
nothing for the Fed.
Submitted by Tyler
Durden on 08/03/2012
It is late in the afternoon on a Friday, which means
one thing: it is time to dump all left over bad news under the rug. Sure
enough, here comes S&P. From Bloomberg:
8-02-12 Dave’s Daily: http://www.etfdigest.com ‘DRAGHI DROPS THE BATON 8-2-12 European Central Bank chief Mario
Draghi could not back up his bold statements from last week with specific
action. He could only say the ECB “may” through its mandate buy eurozone bonds.
Basically this means he backed the Germans into a corner and they didn’t blink.
His credibility has taken a major hit and Spanish bond yields once again headed
for 7%. For markets it’s been two days and back to back central bank
disappointments with the ECB taking a large toll on bulls. And to top things
off, Friday is the Employment Report which is sure to cause volatility in
either direction.In more pedestrian news, Jobless Claims rose (365K vs 370K
expected & prior revised higher to 357K); Factory Orders fell (-.5% vs .7%
expected & prior .7%); and, Bloomberg’s Consumer Comfort Index fell again
(-39.7 vs prior -38.5).Last night China signaled it would elevate to stabilize
(weird choice of words) economic growth which is noted in this
press release from Xinhua News Agency. Stocks there fell.Stock markets took
the news from the ECB hard. A late day rally (see SPY 2:15 PM Buy Program
Express) lifted stocks off their lows led mostly by technology (XLK) and more
Apple (AAPL) split chatter. Do you really think equity markets overall can be
durably supported by one stock and infinite central bank QE?Bonds (IEF) were
somewhat stronger in price; the dollar (UUP) was higher; gold (GLD) lower; and,
commodities (DBC) weaker.Volume was the highest of the week thus far and
breadth per the WSJ was negative…’
, Spain
And Italy Are Toast …Euros http://albertpeia.com/spainitalytoastnomatterwhat.htm , The
Fed's Gold Is Being Audited... By The US Treasury ZeroHedge.com Tyler
Durden When we started reading the LA
Times article reporting that "the federal government has quietly been
completing an audit of U.S. gold stored at the New York Fed" we couldn't
help but wonder when the gotcha moment would appear. It was about 15
paragraphs in that we stumbled upon what we were waiting for: "The process
involved about half a dozen employees of the Mint, the Treasury inspector
general's office and the New York Fed. It was monitored by employees of the
Government Accountability Office, Congress' investigative arm." In other
words the Fed's gold is being audited... by the
Treasury. Now our history may be a little rusty, but as far as
we can remember, the last time the Fed was actually independent of the Treasury
then-president Harry Truman fired not one but two Fed Chairmen including both
Thomas McCabe as well as the man after whom the Fed's current residence is
named: Marriner Eccles, culminating
with the Fed-Treasury "Accord" of March 3, 1951 which effectively
fused the two entities into one - a quasi independent branch of the US
government, which would do the bidding of its "political", who in
turn has always been merely a proxy for wherever the money came from
(historically, and primarily, from Wall Street), which can pretend it is a
"private bank" yet which is entirely subjugated to the crony
interests funding US politicians (more on that below). But in a nutshell, the
irony of the Treasury auditing the fed is like asking Libor Trade A to confirm
that Libor Trader B was not only "fixing" the Libor rate correctly and
accurately, but that there is no champagne involved for anyone
who could misrepresent it the best within the cabal of manipulation in which
the Nash Equilibrium was for everyone to commit fraud. , Of
Beggars, Choosers, Unemployment, And Bailouts In Europe The problems of a group of 17 different
economies that are growing further apart - all functioning under the same
currency - will not be solved by any actions taken by the ECB" is how
Stratfor's Adriano Bosoni describes the can-kicking that has once again become
the euro-zone this summer. From the systemically rising and drastically desperate
unemployment rates around the Southern nations… , Why
Mega Banks Are The Modern Cocaine Cowboys
In today's episode of blast from the past, Bloomberg's Jonathan Weil
takes us on a time journey, which presents the Too Big To Fail bank problem
from a different perspective: that of the Cocaine Cowboy roaming the streets of
Miami in the late 1970s and early 1980s. Just like today's big banks they were
untouchable; just like today's banks they were collaborating and existing in
perfect symbiosis with the Federal Reserve; just like today the Cocaine Cowboys
existed in an untouchable vacuum courtesy of endless bribes to the local law
enforcement and judicial officials, and just like today, the TBTF institution du
jour isn't "merely an economic problem. It is a great
moral failing of our society that poisons our democracy." Back
then, Ronald Reagan stepped in just when Miami (whose real estate market had
soared in 1979-1981 courtesy of rampant crime and money laundering: hint hint
NAR anti money-laundering exemptions) was about to be overrun, forming a task
force that in the nick of time restored law and order. Today we are not that
lucky, as there is not a single politican willing to risk it all just to
eradicate the modern version of a classic scourge: only this time they don't
hand out 8 balls; they give away 0% introductory APR cards and 3 Year NINJA
Adjustable Rate Mortgages. Both however get you hooked for life: either on drugs
or on debt. Will someone step up this time and form a task force to
eliminate the second coming of the Cocaine Cowboy? Sadly, we don't think so. At
least not until the next great crash happens.
, Knight
Considering Bankruptcy, Looking At 363 Asset Sale , US Export
Orders Are Collapsing , Will
Penson Cash Vaporize Gentle Into That Good Knight? , The
Thin Blue Line Between Hopium And Reality
If there was one unique datapoint that confirms beyond a reasonable
doubt the perpetual upside bias of "analysts" and other snake oil
salesmen (after all, one is far more likely to buy the stuff another is selling
if one has a smile on his face, a wink in the eye, and is optimistically
inclined, even if that optimism is completely unfounded), it is the following
chart from UBS which shows the progression of consensus bottom-up EPS growth
estimates for Europe: "consensus estimates for 2012 EPS growth have
fallen from double digits at the end of last year to 0.7% currently."
Observe the straight thin blue line below: it begins in
the land of Hopium, and ends in Reality.
, Only
24.6 Percent Of All Jobs In The United States Are Good Jobs http://albertpeia.com/only24percentusjobsgood.htm
No
Functional Miracle Weapons To Fight The Debt Crisis Posted by
: testosteronepit
Post date: 08/01/2012 Or any other weapons. A
panacea, yes, but it doesn’t work.
Stunning
Crimes of the Big Banks: Worse than Your Wildest Imagination Posted by:
George Washington Post date: 08/01/2012 You Wont Believe What They’ve Done …
Obamanomics:
Grab Some Pizza, Grow the Economy Posted by: CrownThomas
Post date: 08/01/2012 If you buy a slice of pizza,
and build a road, the economy grows.
http://endoftheamericandream.com
http://albertpeia.com/theywanttochipyou.htm
Kurt Nimmo
Infowars.com
July 31, 2012
{ I’m really constrained to
interject my own direct experience with the FBI here; and, I must say I do so
lamentably. If you want no real results vis-à-vis organized crime which now
extends to the upper reaches, highest levels of the corrupt u.s. government, go
to the FBI. I discounted the new jersey FBI as just typical corrupt, mob
infested jersey which thinks in terms of discos/casinos. But, truth be told, they
never ask the ‘tough’ questions of the biggest criminals; ie., the biggest
wall street frauds, cia connected illegal ‘drug ops’ (ops…riiiiight), federal judges ie., trump barry, shiff,
alito, etc.; but, they did go after Martha Stewart in a very big way over a
$45,000 transaction. Wow! You can’t make this stuff up. I also don’t believe their
(understated) crime stats for even a second. I’m beginning to feel
foolish for having even put my full faith and trust in them, much less the ‘federal (judicial) system’ who share the ‘same employer’; and, despite my
antipathy for the mob, probably would have fared ‘more fairly’ with the mobsters
directly who seem to have at least some sense of the magnitude of the fraud
involved and the pervasive corruption of the system and government and maybe a
semblance of honor in this nation of protracted decline. It never would have
occurred to me back when for me, such a choice/decision was clear-cut and
simple. Such a course as mine I no longer could recommend inasmuch as there is
little difference between state/government sponsored crime/corruption and that
perpetrated by other criminal elements, from my direct experience with both,
infra:
Debauchery: An American specialty In the land of Lindsay Lohan and Snooki, some
federal workers reflect our culture all too well. (Washington Post) [ Lindsay
Lohan? Come on Mr. Milbank, hands off the low hanging fruit. She’s totally harmless.
Jersey ‘italian’ snooki? In mob infested
new jersey, who knows (one of the properties in my proceedings for which
surplus funds are unaccounted for was a 2 bedroom 1 and 1/2 bath condominium in
seaside heights, n.j.). But debauchery an american specialty? Another rare
instance wherein I agree with Mr. Milbank completely. 25 Signs That America Is A Seething Cesspool
Of Filth And Corruption http://albertpeia.com/25signsamericacesspooloffilthcrimeandcorruption.htm . Review of flawed forensics held close to vest EXCLUSIVE | Documents and interviews show FBI and
Justice Department officials took steps to control information uncovered by a
task force designed to examine cases involving discredited agents. Many
defendants were never notified of flaws in cases. ‘Simply unconscionable’ (Washington Post) [ Well, I really have to say this.
I’m
awaiting word from the FBI as to resolution, one way or the other, concerning
the RICO matters which have been systematically and corruptly covered up by the
government (executive, legislative, and judicial branches of the pervasively
corrupt, defacto bankrupt u.s. government http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
) . Never in my wildest dreams would I have believed the
level and extent of corruption and criminality within the ranks of the u.s.
government before embarking upon this costly quest for justice and simple
fairness consistent with clear law (infra, regarding the u.s. government’s direct involvement in
the illegal drug trade). In this civil RICO matter, there are no innocent
bystanders; but rather, perpetrators, accomplices, and co-conspirators. When
the fbi agent initially assigned to this matter (Connecticut) abruptly resigned/retired
shortly after a conversation, though not central to my case, wherein I had said
that rudy giuliani’s father had been an (convicted) enforcer for the mob
(served 12 years? in prison, aggravated assault/manslaughter?) and then sent
him documentation owing to his disbelief. Though ultimately ineffectual
vis-à-vis my case, he was a likeable guy for whom I had and still have regard.
I then spoke with FBI Agent Jeff Rasey upon the aforesaid agent’s departure who somewhat
plaintively (‘my
call being a burden’) told me that ‘he was a Ford, and I was a Ferrari’, which he didn’t explain further. Could
anyone tell me what that means? Initially, at new jersey’s FBI office, I was ‘greeted’ by an FBI Agent who
sarcastically asked me whether I was ‘going to the disco that night’ (the documents including
sworn statements delivered to then u.s. attorney sam alito’s office in the same
building disappeared twice along with the initial assistant u.s. attorney
Jonathan Lacey with whom I had reviewed the documentary evidence, documents and
their probative value http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf . We all can infer sam alito’s reward / quid pro quo
for his cover-up by his current position on the u.s. supreme
court. There was never a question as to maryanne trump barry’s interest in corrupting
the judicial process as related to her brother’s (trump) casinos. Jersey
city boy louis freeh, labeled by former Prosecutor Larry Klaiman as the most
corrupt FBI director ever (see infra, mueller seems no different, and certainly
holder’s
impeachable actions and corrupt behavior/cover-ups fit the mold, ie., fast and
furious, race bias favoring blacks, etc.) apparently covered up the RICO
violations as sent to him, and, with italian citizenship and lucrative insider
deals fits the bill. The FBI Agent Jeff Hayes of the Long Beach Office with
whom I reviewed the RICO documents and confirmed same as indicative of (drug)
money laundering was transferred shortly after meeting with him, as has been so
of FBI Agent Bill Lewis (promoted to Washington FBI headquarters) with whom I
discussed the RICO matter and case disks/dvd’s sent to the LA FBI office
(they printed the documents thereon, as per Agent Lewis), Steven Martinez,
ADIC, here in Los Angeles (see infra). So, as regards FBI flaws, coverup, etc.,
I have to believe it based on my own experience and reasonable inference. I’m currently being ‘stonewalled’ by the LA FBI office
since the departure of FBI Agent Bill Lewis.
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. ...
Review of flawed forensics held close to vest EXCLUSIVE | Documents and interviews show FBI and
Justice Department officials took steps to control information uncovered by a
task force designed to examine cases involving discredited agents. Many
defendants were never notified of flaws in cases. ‘Simply unconscionable’ (Washington Post) [ Well, I really have to say this.
I’m
awaiting word from the FBI as to resolution, one way or the other, concerning
the RICO matters which have been systematically and corruptly covered up by the
government (executive, legislative, and judicial branches of the pervasively
corrupt, defacto bankrupt u.s. government http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
) . Never in my wildest dreams would I have believed the
level and extent of corruption and criminality within the ranks of the u.s.
government before embarking upon this costly quest for justice and simple
fairness consistent with clear law (infra, regarding ie., the u.s. government’s direct involvement in
the illegal drug trade, etc.). In this civil RICO matter, there are no innocent
bystanders; but rather, perpetrators, accomplices, and co-conspirators. When
the fbi agent initially assigned to this matter (Connecticut) abruptly
resigned/retired shortly after a conversation, though not central to my case,
wherein I had said that rudy giuliani’s father had been an (convicted) enforcer for the mob
(served 12 years? in prison, aggravated assault/manslaughter?) and then sent
him documentation owing to his disbelief. Though ultimately ineffectual
vis-à-vis my case, he was a likeable guy for whom I had and still have regard.
I then spoke with FBI Agent Jeff Rasey upon the aforesaid agent’s departure who somewhat
plaintively (‘my
call being a burden’) told me that ‘he was a Ford, and I was a Ferrari’, which he didn’t explain further. Could
anyone tell me what that means? Initially, at new jersey’s FBI office, I was ‘greeted’ by an FBI Agent who
sarcastically asked me whether I was ‘going to the disco that night’ (the documents including
sworn statements delivered to then u.s. attorney sam alito’s office in the same
building disappeared twice along with the initial assistant u.s. attorney
Jonathan Lacey with whom I had reviewed the documentary evidence, documents and
their probative value http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf . We all can infer sam alito’s reward / quid pro quo
for his cover-up by his current position on the u.s. supreme
court. There was never a question as to maryanne trump barry’s interest in corrupting
the judicial process as related to her brother’s (trump) casinos. Jersey
city by louis freeh, labeled by former Prosecutor Larry Klaiman as the most
corrupt FBI director ever (see infra, mueller seems no different, and certainly
holder’s
impeachable actions and corrupt behavior/cover-ups fit the mold, ie., fast and
furious, race bias favoring blacks, etc.) apparently covered up the RICO
violations as sent to him, and, with italian citizenship and lucrative insider
deals fits the bill. The FBI Agent Jeff Hayes of the Long Beach Office with
whom I reviewed the RICO documents and confirmed same as indicative of (drug)
money laundering was transferred shortly after meeting with him, as has been so
of FBI Agent Bill Lewis (promoted to Washington FBI headquarters) with whom I
discussed the RICO matter and case disks/dvd’s sent to the LA FBI
office (they printed the documents thereon, as per Agent Lewis), Steven
Martinez, ADIC, here in Los Angeles (see infra). So, as regards FBI flaws,
coverup, etc., I have to believe it based on my own experience and reasonable
inference. I’m
currently being ‘stonewalled’ by the LA FBI office since the departure of FBI
Agent Bill Lewis.
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,
· A judgment had been entered in my favor in the case, United States District Court Case #3:93cv02065(AWT)(USDCJ Alvin Thompson), worth approximately now in excess of $300,000 remains unaccounted for and which could be used for payment to creditors, Los Angeles, etc..
· Counsel Robert Sullivan on my behalf documented by way of certification upon investigation that Alan Shiff, USBCJ, had falsely stated a dismissal upon which false statement he predicated a retaliatory and spurious contempt proceeding against me causing substantial damage, and for which he sought Judicial Notice of those and related proceedings as did I in some of my filings.
· The Order of Dismissal With Prejudice by Alan Shiff, USBCJ, owing to Defendant Coan’s failure to file anything whatsoever by the court’s deadline causing creditors and me substantial damages: [ Shiff Order of Dismissal With Prejudice on Coan’s Failure to File Page 1 Page 2 ]
·
Defendant Coan had filed an action against me to
prevent me from suing him which necessitated me to fly to Connecticut for a
hearing before The Honorable Robert N. Chatigny, Chief Judge, USDC, District of
Connecticut, who denied Coan’s requested relief as to Coan but precluded my
action against Shiff (although there is no immunity, judicial or otherwise, for
criminal acts, ie., fraud connected with a case under Title 11, USC, etc.) .
[ transcript in pertinent part - http://albertpeia.com/crossexamofcoanbypeia.pdf
]
· Newly appointed judge, Maryanne Trump Barry, Donald Trump’s sister, was assigned the RICO case despite the conflict of interest in light of hundreds of thousands of dollars of illegal (drug) money being laundered through the Trump casinos by the RICO defendants, and despite my motion to recuse her which motion she heard herself and denied, and U.S. Trustee Hugh Leonard with whom I met personally refused to join or file a separate motion to recuse and not long thereafter left said office for private practice at Cole, Shotz, et als on retainer with the RICO defendants as his primary client.
·
Probative and evidentiary documents, affidavits,
exhibits, including those turned over to FBI Agent Jeff Hayes in Long Beach,
CA, had been given to Assistant U.S. Attorney Jonathan Lacey with whom I met
personally at the U.S. Attorney’s Office in Newark, N.J., at which time Samuel
Alito was U.S. Attorney, and went over said documents and their probative value
with him. Within approximately a month thereafter upon inquiry I was told that
Jonathon Lacey was no longer with the office, that the file/documents could not
be located, and that there was no further information available concerning
contacting him or his location. I thereupon delivered by hand, copies of said
documents to the office of then U.S. Attorney Alito, addressed to him, with
assurance they would go directly to him. In addition to being inept [ I looked
in on the one mob case he had brought, bungled, lost (accidently on purpose?)
since I was suing some mob-connected under RICO and the court (I had known /
previously met outside of court the judge Ackerman through a client) was
absolute bedlam and a total joke since incompetent corrupt Alito brought in all
20 mob defendants (rather than prosecute one or a few to flip them first) who
feigning illness had beds/cots in the courtroom along with their moans during
testimony and had the jury in stitches. As much as I hate the mob, it truly was
funny, if not so tragic.], Alito is also corrupt (and maybe corrupt
because he is inept). After a reasonable (but still rather short) time I called
to determine the status and was told that Alito was no longer with the Office
of the U.S. Attorney, that he was (appointed) a federal judge, and that neither
the documents nor any file or record of same could be located. Alito did parley
the same / cover-up into quid pro quo direct lifetime appointment to the Court
of Appeals, 3rd circuit, despite the absence of judicial experience
or successful tenure as U.S. Attorney (Maryanne Trump Barry as well). This is
the same Sam Alito that now sits on the purported highest court in the land.
The real application of the illegal rule ‘don’t ask, don’t tell’.
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) ]
FROM:
TO:
Wednesday, November 16, 2011 8:48 AM
Dear Mr. Peia:
Thank you for being in touch. As we continue
the busy first session of the 112th Congress, I want you to know
that I am grateful for the various times you have shared your thoughts and
concerns with me on different issues. Please be assured that your voice
is being heard and that your perspective helps me to better represent you in
Washington, D.C.
Sincerely,
LUCILLE ROYBAL-ALLARD
Member of Congress
[ This is a reply to the Congresswoman’s query among others included.]
11-5-11
Dear Congresswoman Roybal-Allard:
The
Keynesian (economic) approach, if ever a wise prescription for ‘economic
doldrums’, euphemistically speaking (there are articles/studies/data that
dispute the purported effectiveness of the widely hailed ‘Keynesian remedy’
during the prior great depression), the ‘Keynesian way’ is certainly no longer
a prudent approach today in light of the insurmountable debt levels of nations
worldwide and in america particularly along with the concomitant over-printed,
debased ‘paper currencies’ to finance same. Quite simply, there simply is not
enough real value being created for redistribution, a situation exacerbated by
the parasitic lightening fast, computerized churn and earn high frequency
trading programs on fraudulent wall street (they should be prosecuted, jailed,
fined, and disgorgement imposed for extant frauds in the trillions now marked
to anything as per misguided legislated FASB rule change). [ America’s debt woe is
worse than Greece’s News
(CNN) — ‘Our government is utterly broke …The government’s total indebtedness
is $211 trillion’. 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
] .This is the consequence of a structural shift fed by greed and misguided
policy and cannot be undone (transfer of productive capacity to ie., China,
etc., ‘the bell cannot be unrung’). That said which militates against such an
extension, this is an election year which probabilities suggest makes highly
likely the passage of the extension. I favor your co-sponsored legislation and
before the holidays simply in the name and spirit of Christmas and for no other
reason whatsoever. Below is a recent comment to Opinion Writer Krauthammer’s
‘more war spending (Keynesian) position’ and an article regarding the folly of
same. Immediately following is from my prior post to you concerning something
of such manageable proportion and well within the government’s ability to
resolve (if the government can’t accomplish this consistent with law and long
overdue, then there isn’t anything the government can accomplish), along with
other comments to you for ease of reference:
‘…As previously noted in a prior message to you, I had previously spoken to FBI Agent Bill Lewis in Washington who was recently promoted to the FBI Headquarters Office (D.C.) from the FBI office here in LA, and who was to be out of the office for the two weeks past. I’ll be contacting him given a reasonable time for him to ‘catch up’, from being out of the office. While independent contractor richard coan is ultimately the one to bear the burden of damages (there’s insurance and a surety covering same), coan might allude to the prior default of the u.s. government (assist. u.s. atty. robert i. lester miscounted / miscalculated the time for filing an answer / response to the complaint upon service thereof, also misstating the rule in open court before corrupt judge matz who ‘schmoozed’ things over (they both have the same employer), however incorrectly according to the ‘law’. I ordered / bought a copy of the transcript of that rather pathetic proceeding (posted in part on my website). In any event, regardless who pays me, the amounts so paid would ultimately be recovered from coan, his insurer/surety which amounts might even exceed the amount I’m willing to settle at. [There is also a judgment (referenced in the correspondence to FBI ADIC Martinez infra) that had been entered in my favor in the case, United States District Court Case #3:93cv02065(AWT)(USDCJ Alvin Thompson), worth approximately now in excess of $300,000 remains unaccounted for and which would benefit Los Angeles, etc.; and then, of course as well, the substantial damages. ] I’ve waited far too long for this matter to resolve, what should have been resolved in accordance with clear law long ago; and, which would have been resolved if not for typical u.s. corruption in the process; and, which is well within the government’s ability to resolve. In my world and way of thinking, results do count! I’ve included prior correspondence for ease of reference…’
Sincerely,
Albert
L. Peia
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
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.”
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 }
‘If the case of white supremacist Hal Turner taught us
anything, it is that the government manufactures Nazis and racists from whole
cloth and then uses them to push hysterical domestic terrorist propaganda and
self-aggrandizement.
It came out during Turner’s trial that he was a “National Security Intelligence” asset working for the FBI’s Joint Terrorism Task
Force. His code name was “Valhalla” and “he received thousands of dollars from the FBI to
report on such groups as the Aryan Nations and the white supremacist National
Alliance, and even a member of the Blue Eyed Devils skinhead punk band,” according to The Record.
The FBI has run racist and white supremacist groups
since the 1960s. Under COINTELPRO, the FBI “subsidized, armed,
directed and protected the Ku Klux Klan and other right-wing groups,” Brian Glick writes. Racist groups were used to create a strategy
of tension by attacking groups on the so-called left, including anti-war,
Chicano and Puerto Rican activists and nationalists.
More recently, in 2007, the FBI organized a neo-Nazi
march in Orlando, Florida. The FBI’s “informant” (agent provocateur) “was one of the most
visible individuals in the National Socialist Movement,” according to Andy Rosenkranz, state regional director for the Anti-Defamation
League. “Generally,
the FBI and the JTTF (Joint Terrorism Task Force) in Florida does an excellent
job.”
The FBI has also infiltrated a number of supposed
Muslim terrorists groups and has wheedled, cajoled and otherwise manipulated
patsies into agreeing to commit terror attacks.
In October, Mother Jones revealed that the FBI is notorious for creating
supposed terrorist groups from scratch and then framing patsies in order to
claim the government is protecting the United States from terrorists. The
number of government informants and agents provocateurs has grown exponentially
since the 1970s when the FBI claimed it shut down COINTELPRO.
On Tuesday, the New York Daily News reported the FBI’s latest terrorist
creation –
the 1st SS Kavallerie Brigade Motorcycle Division, founded in 2007 to recruit
neo-Nazi bikers for the Aryan Nations, a white supremacist terrorist
organization, according to Anthony Bartkewicz.
“One member offered a $1,000 reward for the shooting
of a black man. Others stockpiled explosives to be used in terror attacks on
U.S. targets,”
writes Bartkewicz. “But the biker gang was founded by undercover law
enforcement agents in Florida, and eventually 20 people were arrested for a
range of offenses, from dealing drugs to possessing illegal weapons and
plotting murders, the Orlando Sentinel
reported.”
In May, the FBI took down a group of mentally
challenged white supremacists belonging to the American Front, a group on the
edge of extinction in the early 2000s but resuscitated on the internet. The FBI
claimed the group was “planning to kill Jews and minorities in the ‘inevitable’ race war, according to
an affidavit obtained by the Orlando Sentinel. The Sentinel reports that the
group also looked to manufacture ricin, a ‘weapon of mass destruction,’” CBS Tampa reported.
Fear and loathing by liberals over FBI manufactured racist threat.
Considering the FBI’s track record, however,
it is likely the ricin plot was concocted by the agency and then fed to the
American Front patsies prior to the sensationalized bust. Patsies rarely devise
their own plots and are carefully managed by the agency and its army of
informants and agents provocateurs.
The Nazi biker group created by the FBI after the
Aryan Nations said it wanted to form a Nazi motorcycle club to serve as the
militant arm for white supremacists across the country, according to records
obtained by the Orlando Sentinel.
“Using a false identity, the agent with the Orange
County Sheriff’s Office became the Aryan Nations’ top Florida
administrator responsible for recruiting members for what would become the 1st
SS Kavallerie Brigade Motorcycle Division — operating out of a clubhouse in St. Cloud,” Henry Pierson Curtis
writes for the Sentinel.
“Early members included at least two additional
undercover FBI agents – who infiltrated the club — and a biker accused of
offering $1,000 to anyone willing to shoot a black man riding an ATV in rural
Osceola County, records show.”
In 2007, a FBI informant, Rick Spring, admitted to
running the Aryan Nations. “In a confessional emailed out to white nationalist
leaders, federal informant and convicted bank robber Rick Spring admitted today
that he operated the Aryan Nations as a false flag front group for the FBI
after the death of Richard Butler,” wrote Bill White, editor of the Libertarian Socialist News.
Government connections to terror groups are legion.
In 2004, for instance, the FBI revealed the Southern Poverty Law
Center was involved
with government operative and convicted Oklahoma City bomber Timothy McVeigh
and the Aryan Republican Army at Elohim City. McVeigh’s contact at Elohim City
was Andreas Carl Strassmeir, a former German intelligence officer. Peter Langan, the son of a retired U.S. Marine intelligence
officer and said to be the leader of the Aryan Republican Army, was a
government informant.
The SS Kavallerie Brigade Motorcycle Division,
responsible for setting up the American Front, is yet another convoluted
government fabrication designed to convince ill-informed Americans that radical
Muslims are not the only threat they face. So are white guys with tattoos on
their foreheads.
The absurdly overblown threat of skinheads gunning
for minorities plays right into the Department of Homeland Security’s “rightwing extremist” narrative.
“Threats from white supremacist and violent
antigovernment groups during 2009 have been largely rhetorical and have not
indicated plans to carry out violent acts,” the DHS wrote in a 2009 for eyes-only memo subsequently leaked to
Infowars.com and others, but “have capitalized on the election of the first African
American president, and are focusing their efforts to recruit new members,
mobilize existing supporters, and broaden their scope and appeal through
propaganda, but they have not yet turned to attack planning.”
The FBI’s contrived plots – including purported violence against police and officialdom by the Hutaree militia and now a supposed weapons of mass destruction attack by the American Front – are designed primarily for propaganda purposes. The Hutaree militia was vindicated in court and the accusations against the American Front will likely also eventually be reduced and revealed as government grandstanding, although this will not be reported on the front page in blazing headlines.’
Postal Service to Miss $5.5 Billion Payment
to Treasury
Bloomberg | Rep. Issa: “The default by the Postal Service on its obligation
to its own employees and retirees follows decades of mismanagement…”
11 Signs That Time Is Quickly Running Out For
The Global Financial System
The Economic Collapse |
We are rapidly approaching a moment of reckoning for the global financial
system!
Brazilian Drugs Lords Show More Integrity
Than Central Bankers, Refuse To Sell Crack To Their People
Zero Hedge | Spot the
Fed analogies.
Economists
React: Don’t Expect QE3 This Week
wsj.com |
Expectations that the U.S. Federal Reserve will embark on another bout of
bond-buying to stimulate the economy.
Unemployment
Could Stay High As U.S. Economy Slows
mbtmag.com | High
unemployment isn’t going away.
Austerity
At The Olympics: Each “Gold” Medal Contains 1.34% Gold
Zero Hedge | As every
Olympic athlete knows, size matters.
http://albertpeia.com/civilunrestishereandworstening.htm
http://albertpeia.com/flashmobrobberrieslootingnormalinamerica.htm
GDP growth
slows to 1.5 percent in June
thehill.com | Looming
fiscal cliff of U.S. tax hikes and spending cuts.
Geithner:
‘We don’t know’ about U.S. banks’ role in Libor-fixing scandal
AFP | “I don’t know” means “Maybe.”
Mitt
Romney: Banking Regulation Is Essential To The Functioning Of Markets
huffingtonpost.com | Romney
told a crowd full of bankers that the GOP has erred in the past.
Investigators
Are Closing In On Two Other Banks Involved In LIBOR Rigging
Reuters | Groups
of traders working at three major European banks were heavily involved in
rigging global benchmark interest rates.
In
Q2 America Added $2.33 In Debt For Every $1.00 In GDP
Zero Hedge | In Q2,
the US added $274.3 billion in debt while adding $117.6 billion in GDP.
Draghi
Rescue the Euro by Printing More of Them?
Michael S. Rozeff | Sure he
can, and pigs can fly.
Is
Harry Reid The Most Hypocritical Man In The World?
Zero Hedge | While Dos
Equis has its most-interesting-man, we think we have found the ‘most
hypocritical’.
Dave Bohon |
Supporters of homosexual marriage, however, have been unable to leave the issue
and “agree to
disagree.” { I believe the concerted wrongful conduct of
the respective cities et als vis-à-vis Chick-Fil-A may well be actionable as a
business tort and as well, a violation of constitutionally protected rights
of free speech, having a chilling
effect thereon, by way of incorporation thereof under the fourteenth amendment
of the u.s. constitution, as well as pursuant to the respective state constitutions
applicable to the offending cities. }
http://albertpeia.com/attackonchickfilaattacksfreespeech.htm
7-26-12 Dave’s Daily: http://www.etfdigest.com ‘DRAGHI JAWBONES SHORT SQUEEZE
7-26-12
“Words, words, words,
I'm so sick of words
I get words all day through
First from him, now from you
Is that all you blighters can do
Sing me no song, read
me no rhyme
Don't waste my time, show me
Don't talk of June, don't talk of fall
Don't talk at all, show me
Never do I ever want to hear another word
There isn't one I haven't heard”
- Alan Lerner: My Fair
Lady { Yes, indeed! Dave knows his
shows! This one’s all b***s***! }
EuRo
FaRMViLLe Posted by: williambanzai7
Load your EURO Bullshit... Hopium
Floats: The Draghi Effect Posted by: Burkhardt
The 200 Pip move was purely based on speculation or a
hope that Draghi’s statement would render the same affect as the Calvary riding
in to save the day. That’s just not how these things work. Draghi...
http://albertpeia.com/attackonchickfilaattacksfreespeech.htm
{
My own feeling on the subject is live and let live, but that the state has no
place in getting ‘behind’ this contraindicated behavior. Look at the subject
cities rallying in the name of ‘cornholin’ (For the gay vote? How totally pathetic!). Without
exception, they are literally domestic war zones, in decay, decline, and
heading as the nation toward fiscal ruin, defacto/outright bankruptcy. They
really should be concentrating on things that really matter before foolishly
attacking freedom of speech. Previously: 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 }
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 }
Submitted
by Tyler
Durden on 07/25/2012
UPDATE: ZNGA is
down 40% now, trading with a $2 handle
They said it could never happen. They said it was
social, mobile, everything... Well, oops... It seems the drought conditions
around the world have hit the virtual farms too. Let it 'Virtual Rain'
and with that 33% of market cap is wiped away... and
the derivative play - Facebook is down 7% after-hours and EURUSD is dipping as
all that virtual cash is vaporized (yes seriously EURUSD is dropping!). We
assume that very soon, congressmen around the country will be calling for a
government intervention as the hand-of-god impacts these poor virtual farmers.
FYI - Margin Stanley is the largest ZNGA holder at 13.84%.
Anglo
Irish Bank’s ex-CEO arrested for fraud
USA Today | Fraud
detectives arrested the former chief executive of Anglo Irish Bank and charged
him over a conspiracy to hide colossal losses.
100
Million Poor People In America And 39 Other Facts About Poverty That Will Blow
Your Mind
The Economic Collapse | Every
single day more Americans fall into poverty.
Federal
Government’s Debt Jumps More Than $1T for 5th Straight Fiscal Year
CNS News | The new
debt accumulated in this fiscal year by the federal government had already
exceeded $1 trillion.
ECONOMISTS:
‘Europe Is Sleepwalking Toward A Disaster Of Incalculable Proportions’
Reuters | Among
their recommendations, the economists called for an early partial mutualisation
of the region’s debt.
CBO
to employers: Obamacare has $4B more in taxes than expected
Washington Examiner | Business
owners will pay $4 billion more in taxes under President Obama’s
Affordable Care Act (ACA) than the Congressional Budget Office had previously
expected.
Biderman:
“The Most Damage Is Caused By Those Who Are Not As Smart As They Think They
Are”
Zero Hedge | It is not
often we double-dip in the Sausalitan’s soliloquies but tonight’s glorious
truthiness from Charles Biderman, CEO of TrimTabs, is worth the price of
admission.
Fed
“Independence” Is a Scam … And No Reason to Prevent a Full Audit
Washington’s Blog |
Independent from Congress … or from the American People?
Tony
Blair: Don’t Hang Bankers Posted by : George Washington Post date: 07/24/2012 – { Oui; mais, au contraire … a la quillotine
avec ils! } Why Is Everyone Suddenly Talking
about Hanging Bankers?
Reinventing
Crony Capitalism Posted by: ilene
Post date: 07/24/2012 - The three "de's:"
deregulation, desupervision, and de facto decriminalization.
The
disaster of young people in Spain Posted by: thetrader
Post date: 07/24/2012 - Lost generation of Spain.
Major misses everywhere, and this for the second
quarter in a row - from the Q3 earnings
report:
Lieborgate: Here
Come The Arrests
Zero Hedge | For over
four years, virtually everyone in the finance industry knew that Libor was
manipulated.
http://albertpeia.com/lieborgatearrests.htm
July 23, 2012 By gpc1981 http://albertpeia.com/europesystemiccollapse.htm
‘…We
are Phoenix Capital Research.With that in mind, it’s
clear now that the world is entering a period of wealth destruction. Europe is
in the midst of a sovereign debt crisis. History tells us that this will entail
more than one sovereign nation going belly-up. Indeed, I believe that we’ll
see ALL of the PIIGS as well as France stage sovereign defaults in the coming
months.
After that will come
Japan, then finally the US. By the time the smoke clears, we will have seen
systemic collapse.
This will mean:
1) Many major
banks disappearing, as well as numerous potentially lengthy bank holidays
(think Argentina in 2001)
2) Multiple
sovereign defaults as well as broad economic contractions and their
commensurate unemployment/ civil unrest/ erasure of retirement accounts/
pensions (this process has already begun in some US municipals, e.g. San
Bernandino and Stockton California as well as Harrisburg Pennsylvania).
3) Possibly
new currencies being introduced or new denominations of currencies (say one new
unit being worth 1,000 of the old one)
4) Massive
wealth destruction to the tune of tens of trillions of Dollars (think MF Global
i.e. the money is gone…
only systemically… in fact we just had another such
instance with PF)
5) A global
contraction that will result in new political/ power structures being
implemented as well as the breakup of various countries/ unions.
6) Very
serious trade wars to begin (see Obama’s recent attack on China) and very
possibly a real war.
If the above make you
frightened, you’re not alone. As I’ve
dug deeper and deeper into the inner workings of the global financial system
over the past months, the information I’ve come across has only gotten worse. I’ve
been holding off writing all of this because up until roughly April/May it
seemed possible that the world might veer towards another outcome.
I no longer view this to
be the case. I am almost certain that what I’ve written above will come to pass. I
know that much of what I’ve written to you in the past could be
labeled as “gloom and doom.”
However, I want you to know that I do not use the words “systemic
collapse” lightly.
Indeed, I wish I wasn’t mentioning them now, but I’d
be doing you a disservice not to bring them up because we’re
well on our way towards it…’
The
Weaponization of Economic Theory Posted by : ilene
Post date: 07/20/2012 So the end stage of
neoliberalism threatens a Dark Age of poverty/immiseration – most
characteristically, one of debt peonage. ~ Michael Hudson
“Southern
Europe Does Almost Nothing—Except Complain” Posted by:
testosteronepit
Post date: 07/20/2012 Bulgaria speaks up in the euro fiasco. A balanced budget, growth,
and an income tax rate of 10%?
Spanish
Stocks Plunge Most In 12 Months As Egan-Jones Cuts Spain To CCC+ , US
Banks Battered On Spain's Bailout Approval
, EURUSD Free-Falling , Seven
Sigma Rally In LQD: Be Careful Where You Reach For Yield With 'safe-haven' yields at extreme lows
(and negative in some cases), there is sense in 'reaching for yield' but -
obviously - any increase in yield implies an increase in risk (and just
because it is called a 'bond' doesn't mean its safer than an 'equity'). By
way of example, moving to investment grade credit is the 'strategy du jour' of
many asset allocators - "a little more yield and it's still IG after
all." However, while this is a decent safety strategy overall - in a
diversified and actively managed credit book, falling for the easy route of
buying the liquid IG bond ETF LQD may run some into problems - no matter how
much its 'price' tracks Treasuries. The last month has seen LQD
experience a 7-sigma rally and it stands at multi-month rich levels to its
intrinsic value (which implicitly places technical bids in the cash
market). What worries us the most about LQD specifically is, we suspect retail
investors who are piling in are unaware of the exposures within the portfolio
of bonds. LQD is 24.3% weighted in financials - the very same
Libor-rigging, beached-whale, NIM-compressing financials that are anything but
'risk-free'. As a reminder, an old adage from credit portfolio
management, "the loss from losers far exceeds the gains from
winners" and at these levels of price (and therefore yield) there is
a lot of convexity in that risk-reward. Understanding the credit risk you
are taking is key.
Submitted
by Tyler
Durden on 07/20/2012
Morning Snapshot Jul 19th, 2012 by News (USAGOLD) — Gold is well bid today,
underpinned by heightened Mideast tensions and a corresponding rise in oil
prices. Additionally, another round of disappointing US economic data has once
again revived hopes of additional Fed measures to support the languishing
economy. Nonetheless, the yellow metal continues to struggle ahead of
$1600.Initial jobless claims, existing home sales, LEI and the Philly Fed index
all missed expectations, prompting at least Goldman Sachs (but likely others)
to revise their GDP forecast lower once again. Amid continued Fed opaqueness on
the prospect of QE3, even the slightest hint of a weaker economy reinvigorates
the QE3 crowd; essentially turning a negative into a positive, in the sense
that bad data can cause stocks to rise as expectations of Fed action is
heightened. Today’s data where significantly more than a ‘slight hint’…Probes
above the 20- and 50-day moving averages this week are somewhat encouraging to
the technical picture, but a convincing move back above $1600 is likely needed
to prompt short-covering. More significant resistance is marked by the
early-July highs at 1623.54/1624.64, which corresponds closely with the 100-day
moving average.
• 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
existing home sales tumbled 5.4% to 4.37 mln in Jun, below market expectations
of 4.62 mln, vs upward revised 4.62 mln 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.
• Canada
wholesale trade +0.9% in May, on expectations of +0.2%, vs +1.2% in Apr.
•
Switzerland trade balance CHF2.25 bln in Jun, vs CHF2.52 bln in May.
• 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.
• Japan
Leading Index (revised) -0.4% in May, vs +0.3% previously. Coincident index
(revised) unchanged at -1.2%.
• Hong Kong
unemployment rate (sa) steady at 3.2% in Jun.
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 U.S.
unemployment rate will remain at 7 percent or above all the way through the end
of 2014. Now, it is important to keep in mind that Federal Reserve
forecasts are almost always way too optimistic. The actual numbers almost
always end up being much worse than what the Fed says they will be. So if
Bernanke is saying that the U.S. unemployment rate will be 7 percent or higher
until the end of 2014, then what will the real numbers end up looking
like? During his testimony, Bernanke seemed unusually gloomy about the
direction of the U.S. economy. He seemed resigned to the fact that there
really isn't that much more that the Federal Reserve can do…’ , The
New Depression: The Breakdown of the Paper Money Economy Jul 17th, 2012
15:10 by MK by Richard Duncan“When we broke the link between money and gold, this
removed all constraints on credit creation. This explosion of credit created
the world we live in, but it now seems that credit cannot expand any further
because the private {and importantly, public} sector is incapable of repaying
the debt it has already… , 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
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 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
] ‘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? One way the CIA keeps their drug trafficking hidden
from public view …’.
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 Alice in
Wonderland environment it then shouldn’t surprise that Consumer Discretionary (XLY) stocks
were higher. The PPI was also higher .1% vs -.4% expected & prior -1%)
which surprised many especially as the “core” rate came in at .2%. News from China indicated GDP
fell more than expected (7.6% vs 7.7% expected & prior 8.1%). Of course
this is respectable for most economies but not for China. Bulls expect massive
stimulus from the PBOC.The Bank of England (BOE) is in QE mode now and perhaps
Bank of Japan (BOJ) is said to follow. Stimulus is nothing new to Japan where
the government has tried all manner of Krugman-like stimulus packages over the
past 22 years. None have worked.In the U.S. QE and ZIRP has boosted stock
prices ephemerally but has done little to lift employment or the economy. So,
does doing the same thing over and over again without success make sense? It
does for short-term trading desk and hedge fund profits—that’s all you
really need to know. You’ll recall yesterday the NY
Fed issued a report stating plainly the result of their recent policies is
why the S&P is at 1300 vs 600 where it would be without this help. (By the
way, Jamie Dimon is a director of the NY Fed.).Stocks (led by banks KBE &
etc), commodities, and even the euro were strong as this out of the blue rally
demonstrates. It’s hard to short when the Fed is hovering above and
dangling more hints of QE-crack for the permabulls and HFTs. The only sector to
experience some downside was bonds (IEF). Pick any other sector and it was only
question of how much they rallied. Most pundits groped for details to explain
the rally with comments like: “The confidence number was off some but still way off
the bottom” and “…you eventually have to put some money to work” and “…some will
point to China as providing more stimulus” and Warren Buffett has been trotted out to the media
two days in row talking his book. And, so it goes. This day was reminiscent of
the other out of the blue quarter end rally in June. That said, we’re long in portfolios around 40% with the balance in “cash”.Breaking:
Late Friday news dump is Visa & Mastercard have reached a $7.25 billion
settlement for overcharges with retailers.Volume was incredibly light but
breadth per the WSJ was positive naturally. (It’s hard to trust a rally based on such little volume
frankly.)…’ , 27
Things That Every American Should Know About The National Debt http://albertpeia.com/27thingsamericansshouldknowaboutnationaldebt.htm , Guest
Post: Are Treasuries The Worst Investment In The World? ZeroHedge.com Tyler Durden Lots of people
have made good profits on Treasuries by buying them and flipping them to a
greater fool or a central bank. On the other hand, so did many during the
NASDAQ bubble, or during the ’00s ABS bubble. Bubbles are profitable for some, and
that’s why there
have been so many throughout history. But once the money starts to dry up they
become excruciatingly painful. In theory, there are no limits to how low rates
could go. In theory, nominal yields could go deeply negative, so long as there
are buyers coming into the market ready to buy at a lower rate, and a push a
profit to bond flippers. The inherent value in a bond is its yield; everything
else is speculation. It is hard to really call the timing on the end
of a bubble. People and events can always get more irrational.
Japan has kept the Treasury ball (painfully) rolling for far longer than most
of us expected (through market rigging as much as anything
else). But this cannot end well.
, Ben
Bernanke Has Created The Ultimate Bondsy Scheme , Low
Volume Squeeze Takes Stocks To Green On Week S&P 500 e-mini futures (ES) traded up to almost perfectly
recapture their 415ET close from last Friday after a 15-point,
30-minute ramp out of the gates at the US day-session open recouped five days
of losses - as once again - we go nowhere quickly. Just for clarity: China
GDP disappointed and provided no signal for massive stimulus; JPM announced
bigger than expected losses, cheating on CDS marks, and exposed just how large
their CIO was relative to income; Consumer sentiment printed at its worst this
year; and QE-crimping inflation printed hotter than expectations - and we
get a more-than-30 point rally in the S&P. Whether the fuel was JPM squeeze
or another big European bank biting the liquidity dust and repatriating
cajillions of EUR to cover costs (or Austria needing some cash for a debt
payment), what was clear was equity market's outperformance of every other
asset class - with the late day surge for a green weekly close particularly
noteworthy. Apart from unch on the week, ES also managed to close right at its
50DMA, revert up to credit's less sanguine behavior intra-week, and up to VIX's
relative outpeformance on the week (as VIX ended the week with its
steepest term-structure in over 4 months). Treasuries ended the week 6-9bps
lower in yield at the long-end (2-3bps at the short end) but the USD's
plunge, on the absolute rampfest in EURUSD, took it back to unch for the week.
Despite the USD unch-ness, Oil and Copper surged (on
the day to help the week) up 2.5-3% on the week while even Gold and
Silver managed a high beta performance ending the week up around 0.5%. ES
ended the day notably rich to broad risk assets - and wil need some
more weakness in TSYs and carry crosses to extend this - for now, the steepness
of the volatility slope, velocity of squeeze, and richness of stocks to risk
makes us a little nervous carrying longs here.
, One
Explanation For Today's Irrational Exuberance Since the EU-Summit, US and European equity markets have (in
general) outperformed. From being in sync before the Summit,
US equities went into the weekend with a sell-off, which then spurred a
short-squeeze push as the S&P 500 was over-exuberant (relative to European
equities) on the way up at the start of last week. That cracked back to reality
at the end of last week - squeezing the over-levered longs to a significant
underperformance relative to European equities. It would appear that in
the last 24 hours, US equities are now rallying back to that European
'surreality'. Surreal because European stocks remain dramatically
exuberant relative to European (peripheral spreads unch and AAA massively bid)
and US (Treasuries bid) bonds and European corporate and financial credit. As
we stand, the S&P 500 has retraced back to Europe's 'fair'
perspective.
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 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
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 Holiday which as an important
occasion may have more than a one day effect. Then there were the massive and
lingering power outages on much of the mid-Atlantic region. So next week’s data
should be more revealing. Overseas markets were much lower on a hangover from
Fed Minutes which didn’t offer bulls what they wanted. In fact, the end of
quarter “eurozone is fixed” rally has been undone. In China and with GDP now at
7.7% (low by their standards) from 8.1% things look grim. In fact, Chinese
leadership is more concerned with balancing more easing against an ongoing
housing bubble—good luck with that.Another U.S. Treasury bond
auction for the 30-year bond yielded 2.58% (TLT comparable) which is a stunning
number given the duration risk investors must assume. Remember, there are large
pension plans and other institutions that have a set allocation to bonds.
Insurance companies generally must buy these maturities to meet actuarial
tables and so forth. But you as a retail investor or financial advisor don’t have to
participate. You might do as well or better, sans the duration risk, with an
insured CD. As a side note, while this happy little auction occurred the U.S.
budget deficit passed $900 billion as of June; but, we don’t want to
talk about that do we? Imagine if interest rates were higher on our bonds how
quickly we would collapse as a nation; but, again, we don’t want to
talk about that either.The DJIA (DIA) was lifted higher at mid-day after
William Ackman announced he had been accumulating a large stake in Procter
& Gamble (PG). That caused the stock to rally at one point over 4% lifting
the price-weighted index and the defensive Consumer Staples ETF (XLP).
(Naturally, algos and HFTs have any DJIA heavyweight programmed as trigger to
rock and roll.) Not so lucky in the sector was a (gulp!) 50% decline in
SuperValu (SVU) shares which are also a weight (not too heavily now) in
Consumer Staples. Nevertheless, the DJIA is what Main Street seems obsessed
with generally and a day like today can be misleading.Meanwhile the Midwest
drought continues to destroy crops causing grains and other agricultural
products to gain in price once again (JJG) & (DBA). These products
continued to rise despite another small rally in the dollar (UUP) as the
eurozone remains “unfixed”. Base metals like copper (JJC) and precious metals
like gold (GLD) continued to slump. Energy (USO) & (UGA) continued to
advance modestly as the U.S. adds a greater presence to prevent any disruption
in the Straits of Hormuz. This is part of the cost of having no coherent or
effective energy policy in the U.S. since the mid 1970s - lots of folks to
blame there, eh?Stock markets are about supply and demand like most others and
despite the growth of assets in ETFs (mostly bonds lately) the money-flow to
mutual funds continues to be negative. Below is a chart from Zero Hedge
reflecting several years of negativity. So with redemption rates obviously
higher, fund managers have little in the way of cash for fresh investments.
When they sit down each morning they’re given a number of fresh cash demands from
overnight redemption requests. Ultimately this is bearish naturally.With
markets deeply in the red early the Ackman announcement was all bulls needed to
get things reversed to the upside. Basically we’re just marking time before more earnings and data
are released to either support bulls or bears. We’ll start to
see some important reports from financial and banks beginning. JP Morgan (JPM)
is on tap for Friday morning. This report will be much watched (not to mention
manipulated…snicker) regarding recent trading losses, Libor
involvement if any and their outlook. It should be a market mover.One of the
most interesting stories of the day came late when a report from the Federal Reserve Bank
of NY suggested that without Fed help the stock market would be 50% lower.
This then is self-explanatory. Stocks closed Thursday’s session
lower but well off their lows. Volume was lower by recent periods and breadth
per the WSJ was negative…’ , Dow
Down Six-In-A-Row As QE-On Hopes Fade Into Close ZeroHedge.com Tyler Durden Despite miraculous efforts to find the
right fulcrum security to pressure stocks into the green for the day, equities
end the day notably in the red after cracking (once again on heavy volume and
large average trade size) into the close. Reverting as usual back to VWAP, the
market was typically manic today with two significant QE-on pushes
(Treasury yields lower as Stocks/Gold rallied with USD weakness) after the
better-than-expected 30Y auction ended badly for stocks as it reverted rapidly
back down to bond's reality into the close. Once again very close to record low
yields in Treasuries - with 30Y yield down over 10bps on the week.
Initial bids under Silver (which reverted up to perfectly sync with Copper on
the week) and then WTI (over $86, post further sanctions) provided some
correlated excitement for stocks but it was clear once again that the low
volume liftathon was an exit opportunity for bigger players with financials
and tech notably underperforming. Average volume and average trade
size on the day in aggregate but the European close rally monkey just ran out
of steam as 'size' stepped in to move ES down to its 50DMA and the Dow near its
200DMA to ends it sixth down day in a row.
, Guest
Post: The Race for Energy Resources Just Got Hotter , US
June Deficit: $60 Billion, $17 Billion Worse Than Prior Year , The
Chronology Of A Collapse: Santelli's Primer On The PFG Debacle , NYSE
Short Interest Plunges By Most Since January, As Equity Outflows Hit One Month
High {
Remember, short interest is a contrarian indicator inasmuch as it’s
indicative of prospective short covering which fuels/exaggerates rallies,
however unfounded. } , Dummies
Guide To Europe's Ever-Increasing Jumble Of Acronyms , Here
Come The Libor Liability Estimates
Just as we
noted here, the analyst estimates for the potential impact of Libor
(litigation and regulatory) liabilities have begun. Morgan Stanley sees
up to a 17% hit to 2012 EPS (from $420 to $847 million per bank) in a worst
case from just regulatory costs, and a further 6.8% potential
hit to 2013 EPS if the top-down $400 million average per banks losses from
litigation are taken on one year (considerably more if the bottom-up
numbers of more than $1 billion are included). They see LIBOR risk in three
parts: regulatory fines (we est median 7-12% hit to ‘12 EPS;
litigation risk (7% EPS hit over 2 yrs); and less certainty on forward
earnings. There are a plethora of assumptions - as one would expect - but the
ranges of potential regulatory fine and litigation risk are very large though
the MS analysts make the greater point that the LIBOR 'fixing' broadens
investor support for more transparency in fixed income trading in addition to
fixed income clearing leaving the threat of thinner margins as another
investor concern. , Europe's
Equities Catch-Down To Credit , Head Of GM
Europe Steps Down , Jim
Grant Discusses The Fed's 'Backward Shooting Gun', And Black Walnut Tree
Treasury Replacements , Clarifying
The Entirely Unremarkable Shift In ECB Deposits , $10 Billion
Away From $10 Trillion According to the just released M2 update, the
broadest publicly tracked monetary aggregate (because the Fed doesn't have
enough money to keep track of M3) just hit $9,991.5 billion, a $43
billion increase from last week. In other words, this is the last week
in which M2 is under $10 trillion. So enjoy it while the "complete lack of
penetration" of the monetary base into broader monetary aggregates, and of
the Fed's reserves so tightly locked up in bank vaults, is still only 13 digits
(most of it comprising of bank deposits which of course represent no
inflationary threat at all). Next week it will be a record 14 digits for the
first time, and well on its way to surpassing the $15 trillion held in the
deposit-free shadow banking system as the importance (and inflationary
convexity) of the two is rapidly interchanged.
, Citi:
"The Market Will Form A 'Terminal' High" , Guest
Post: Middle Class? Here's What's Destroying Your Future In
broad brush, financialization enabled the explosive rise of politically
dominant cartels (crony capitalism) that reap profits from graft, legalized
fraud, embezzlement, collusion, price-fixing, misrepresentation of risk, shadow
systems of governance, and the use of phantom assets as collateral. This
systemic allocation of resources and the national income to serve their
interests also serves the interests of the protected fiefdoms of the State that
enable and protect the parasitic sectors of the economy. The productive,
efficient private sectors of the economy are, in effect, subsidizing the most
inefficient, unproductive parts of the economy. Productivity has been
siphoned off to financialized corporate profits, politically powerful cartels,
and bloated State fiefdoms. The current attempts to “restart
growth” via the
same old financialization tricks of more debt, more leverage, and more
speculative excess backstopped by a captured Central State are failing. Neofeudal
financialization and unproductive State/private vested interests have bled the
middle class dry.
http://albertpeia.com/10waysobamakillingjobsinamerica.htm
Obama administration repeats same jobs line — for the 30th
month
Dave’s
Daily: http://www.etfdigest.com VOLATILE HOLIDAY WEEK 7-6-12 ‘The vacation and volume reduced week was anything but
peaceful. All things considered, the roller coaster ride continues. Friday’s
employment report induced sell-off was interesting given two things: either a
plea for more QE now or just a confirmation of descending economic conditions.
As to the former, the Bank of England is engaging in more QE with little in the
way of positive impact. Therefore, perhaps more QE from the Fed may have little
impact beyond an initial cheer. After all, 2.5 swings at the problem haven’t helped at
all. China was cutting interest rates this week and so too was European Central
Bank (ECB). And, how’s that going? Not so well.Economic data beyond a poor
employment report (80K jobs vs 90K expected & the unemployment rate
remained @ 8.2%). The underemployment rate increased slightly (14.9$ vs 14.8%
previous) indicates more people out of work. Further most new jobs were for
part-time help. Early in the week the all important ISM Mfg Data cratered (49.7
vs 53.5 previous) meaning the economy is weakening rapidly.Bailout success in
the eurozone has once again become “unfixed” as squabbling over restructuring and extensions are
the order of the day and week. Meanwhile as Spanish yields soared once again
most citizens would rather focus on the running of the bulls in Pamplona—out of
sight, out of mind.Earnings will start rolling out next week and we’ve seen
estimates being rapidly reduced by analysts perhaps cynically allowing for some
beats.The bottom line in the U.S. and globally is conditions are deteriorating
and for most just suck.U.S. stocks for the week were only slightly lower
dependent on the major index viewed. As the DJIA (DIA) was hitting its 50 day
moving average a story appeared in the WSJ
indicating the Fed is contemplating and deliberating more QE. That leak led to
some late day buying. Leading U.S. sectors remain REITS (IYR), homebuilders
(ITB) and biotechnology (XBI). Bonds (IEF) continued to rally as did the dollar
(UUP) against the euro (FXE) and Swiss Franc (FXF). The Swiss for example are
fighting furiously to maintain the recent peg to the euro as inflows there
continue mostly from southern European countries. Commodity prices (USO),
(DBC), (GLD), and (JJC) fell as the dollar’s strength knocked prices lower.Given the holiday and
half day trading Tuesday volume overall remains light. Most investors were
phoning their orders if they were trading at all. Breadth per the WSJ was quite
negative…’
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 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)…’
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, Indonesia endured a currency collapse,
a severe 2-year recession, and an embarrassing IMF bailout. Western
bureaucrats wagged their fingers incessantly at Indonesia, lecturing the
country about the dangers of excess and fiscal irresponsibility. How sweet
the irony is. In a stunning rags-to-riches story, Indonesia contributed US$1
billion to the IMF last week in order to help bail out bankrupt Western
nations. Unlike Japan, the US, and Europe — which
all seem to think the answer to an economic bust brought on by a
debt-binge is to borrow and spend even more money–
Indonesia took its medicine when its economy collapsed back in 1998.
Ironically, US President Barack Obama spent some of his childhood in this
same suburb of Jakarta. Unfortunately, as he pulls out all stops
to cling to power for a second term, the kind of tough decisions that
could help the US emerge from its economic malaise have no chance of
being made. It’s the ENTIRE system that’s the problem.
And that goes for nearly every Western, “free market,” democracy out
there.
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 want 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…In the final analysis, even americans will prove smart enough and not
sufficiently self-destructive enough and as such, will not embrace proven
failure with more proven failure. People must realize 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
(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’ … )
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...
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 New York Post
(which he owns) to ...
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 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...
{ 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 United States insisted that everything was gone to be
okay. But we all know now that was a lie… , AP http://albertpeia.com - 12-22-11 - Well,
here’s the story of the fraud market in in a nutshell this day
‘YAHOO[BRIEFING.COM]: ‘…Shares of Micron Technology (MU 6.41,
+0.87) rallied 15.7% after the company released a disappointing earnings
report. The company announced a loss of $0.19 per share, $0.09 worse than the
Capital IQ Consensus Estimate while indicating revenues rose 20.9% year/year to
$2.09 billion. The revenues number fell short of the consensus estimate of
$2.12 billion…’ … oh riiiiight! … the ‘Christmas rally’ … fraudulent wall
street’s ‘giving spirit’ … as in self-serving greed as in prior pre-crash
frauds … , Dave’s Daily:
http://www.etfdigest.com 12-22-11
‘Markets are being well managed by the bulls. Jobless Claims data was about the
same as previously, but frankly how much is from people finding some seasonal
work and those losing benefits? The GDP data at a measly 1.8% isn’t very
encouraging for this period in a recovery—it should be more like 4%. Just as troublesome
as the GDP data was that per-capita disposable income is now reported to have
been shrinking at an annualized -1.9% rate during the third quarter. That’s a
very bad sign. But for now we could just ignore all the poor earnings we’re
seeing recently and go with “the beard” over the next week. After all global
monetary authorities have indicated they’re ready to back up all too big to
fail financial institutions. The Bernank confirmed his Keynesian bona fides by
telling Americans to stop saving and start spending. http://i238.photobucket.com/albums/ff171/flyfry/new%20album/image004-78.jpg Our good friends at Consumer
Metrics have rendered their critical and thoughtful judgment on current
economic and consumer data.All the hoopla over a payroll tax cut extension
amounts to $80 total. And, as Obama himself has pointed out, not doing this
would negatively affect Friday pizza nights—it’s pretty hilarious...’ , Final
Q3 GDP Misses As Personal Consumption Drops Big Durden
on 12/22/2011 , PIMCO
Releases 2012 Economic Forecasts; Presenting The Wall Street 2011 Market
Forecast Track Record Durden on 12/22/2011 See chart (Note the
understated inflation numbers and what will prove to be overstated GDP numbers
which are far from ‘real’ owing to debased Weimar fiat currencies being printed
like mad – they’ve all gone ‘fraudulent americana’ with budding banana
republics everywhere): http://albertpeia.com/cyclicaloutlookdec2011.png , Death By a
Thousand Cuts ilene
12/22/2011 , The
Weather Outside: Still Frightful The Wall Street Journal , U.S.
Economy Grew Less Than Previously Estimated in Third Quarter Wall St.
Cheat Sheet , http://theeconomiccollapseblog.com If
A Global Recession Is Not Looming, Then Why Are Bailouts Flying Around As If
The End Of The World Is Coming? , Getting
Worse: 40 Undeniable Pieces Of Evidence That Show That America Is In Decline
, 50
Economic Numbers From 2011 That Are Almost Too Crazy To Believe , The
Collapse Of The Euro, The Death Of The Euro And The End Of The Euro , Child
Poverty In America Is Absolutely EXPLODING – 16 Shocking Statistics That Will
Break Your Heart , Mega
Fail: 17 Signs That The European Financial System Is Heading For An Implosion
Of Historic Proportions , The
Tim Tebow Comeback Story Continues But There Will Be No Miracle Comebacks For
The U.S. Economy , Shocking
Charts And Statistics That Prove That America Is No Longer A Wealthy Nation
, Greek
"Voluntary" Restructuring On Verge Of Collapse As Hedge Fund Vega
Threatens To Sue Greece For Excessive Haircut Durden , S&P
Joins Moody's In Downgrading Hungary To Junk, Outlook Negative - Full Note
Durden , Guest
Post: Legality Of MF Global Asset Transfer Questioned Durden , Guest Post: Worse
Than 2008 Durden , New
Bill Authorizes Rendition of American Citizens Living within the United States
to Other Countries for Torture
Durden , Has
the Global Economy Been Zapped by ZIRP? (Zero interest rate policies – Yes!)
Minyanville Eugene Linden
Dec 21, 2011 , NAR reduces
recent home sales index 14.3% Dec 21st, 2011 (HousingWire) , Realtors
Lower 2007-2010 Home-Sales Estimates by 14% The Wall Street
Journal , Getting
Worse: 40 Undeniable Pieces Of Evidence That Show That America Is In Decline
The Economic Collapse | December 21, 2011 http://albertpeia.com/40piecesevidenceusdecline.htm
, http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm
, http://albertpeia.com/50economicnumbersofuscollapse.htm
, 3
REASONS TO FADE TODAY'S RALLY http://www.bullfax.com/?q=node-3-reasons-fade-todays-rally
12/20/2011 By Plan B Economics #1. There are about 19 million
empty homes in America…#2. The housing starts growth is massively skewed to
structures with 5 or more units…#3… Today's rally was fueled by vapor… , Oracle
Misses Earnings, Sales Estimates, Stock Tumbles The Wall Street
Journal , Ten
Reasons To Fear And Loathe Markets In 2012 Forbes Robert Lenzner #1. European Sovereign
Debt .. #2. The ramification for the US from Europe is a
reduction of 1% growth in US GDP.. #3. Continued pressure on the earnings
and book values of both European and US banks.. #4. Continued selling
pressure on the prices of key commodities.. #5. The imbecility of
extending the payroll tax deduction for only two more months.. #6. Residential
housing market still mightily impaired and not expected to recover for another
3 years.. #7. Antipathy individual investor for long term equity investing..
#8. Expectation reduction $1.2 trillion from US budget over next 10 years.. #9.
Overall theme of deflation, deleveraging can only mean lower asset
prices.. #10. Chance of social unrest in China, upheaval that affects
move to consumer economy, and lack of leadership from 10% of global
economy.., We’ve
Reached the End Game For Central Bank Intervention http://gainspainscapital.com
December 19th, 2011 , Derivatives
group spent $674K lobbying in Q3 AP , PORTER STANSBERRY OF
STANSBERRY RESEARCHTHE
CORRUPTION OF AMERICA The numbers tell us America is in decline... if
not outright collapse. http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm http://www.albertpeia.com/stansberrysinvestmentadvisory.flv , Banks
Will Still Be Under-Capitalized, UBS Does The LTRO Math Durden on 12/21/2011 , Bill
Gross: Enjoy The Santa Rally - The Hangover Is Coming As "US Is Not An
Island" Durden
on 12/20/2011 , The
Previously Unthinkable Becomes A Planned Event testosteronepit 12/20/2011 At all levels:
preparations for the collapse of the Eurozone. Even the public is now
encouraged to prepare for it. , Dave’s Daily:
http://www.etfdigest.com ROBO SANTA
SQUEEZES SHORTS December 20, 2011 , Speculation
drives up food prices as bankers gamble on hunger Guardian ,
Video
Explanation Of How The ESM Is Europe’s Uber-TARP On Steroids Zero Hedge , { Drudgereport: 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'... , FED-EX guy
chucks package over fence -- a computer monitor! , UK's AAA
credit rating threatened by 'formidable challenges'... , 'Miracle' if
France keeps it... } , The
Denouement From Europe's Debts Won't End Well Forbes , STOCKS
BOOM AFTER EUROPE SOLVES NOTHING: Here's What You Need To Know Business
Insider , Early
– ‘Response: The Summit Is A Failure’ Durden 12/09/11 , Worries grow over IMF loans to Europe
WASHINGTON (Reuters) , Dave’s Daily
http://www.etfdigest.com BIG BANKS
HIT December 19, 2011 ‘There are some
really odd things occurring – the eurozone naturally leads the list. Italy and
Spain will contribute funds they don’t have to the IMF, which then in turn will
lend it back to them. That’s something sillier than a Ponzi scheme…’ , Minyanville's
T3 Daily Recap: Banks Lead Market Decline as Europe Discusses Break-Up
Contingencies Minyanville , STOCKS
SLIDE AND BANKS GETS CRUSHED: Here's What You Need To Know Business
Insider , Market
Recap: Basel and Draghi Drag Down Stocks Wall St. Cheat Sheet , Bureau
Of Labor Statistics Caught Red Handed Leaking Confidential Employment Data Durden
on 12/19/2011 , Guest
Post: Why Oil Prices Are Killing the Economy Durden
on 12/19/2011 , Bank
of America Lists The "Other" Risks For 2012
Durden
on 12/19/2011 ‘..Bank of America has also put together yet another list
of "other" risks for 2012, which as BofA's Martin Mauro says,
"have persisted or become worse over the course of the year, but have
escaped market attention due to the spotlight on Europe." The risks .. i)
Hard landing in China; ii) Currency wars (competitive currency devaluation);
iii) Middle East oil supply shock and iv) Municipal default fears. The only
thing we would add is that these are not really risks, as they are all
developing processes in some stage of deterioration...’ , Gallup
Finds Unemployment Rises For Fourth Week In A Row, Cautions On BLS Data Durden
on 12/19/2011 Gallup, which
unlike the BLS, does not fudge, Birth/Die, or seasonally adjust its data, has
just released its most recent (un)employment
data. And it's not pretty: for all those hoping that the Labor
Participation Rate fudge that managed to stun the world a few weeks ago with a
major drop in the November jobless rate, don't hold your breath. Gallup which
constantly pools 30,000 people on a weekly basis, has found that for the past 4
weeks, both underemployment and unemployment have risen for 4 weeks in a row.
And while the number of US workers "working part time and wanting
full-time work" one of the traditional short cuts to boosting US jobs has
risen to almost a 2 year high, it is the Job Creation Index in December which
plunged in the last week, confirming that the Initial Claims data out of the BLS
has been spurious and is likely to revert back over 400k on short notice. In
summary, here is how Gallup debunks the BLS' propganda…’, A
Quick And Dirty Look At Japan's Nearly ¥1 Quadrillion In Debt Durden on 12/19/2011 , Santa
Claus Is Not Coming to Town, Says Technical Analyst (Bartels/Merrill Lynch)
The Wall Street Journal Gongloff
‘…Last week the S&P 500 fell below its 50-day moving average, which is the
new level to watch — 1228. A failure to move above and hold the 50-day moving
average confirms to us that we have already begun to enter the phase of testing
the October lows near 1100-1074.This pattern is becoming eerily similar to 2008
into 2009. A base building process has been underway since August but we have
maintained the belief that the lows still need to be tested and undercuts to
985-935 are possible (50% probability) as part of this process…’ , ‘When "Positive Surprises" Are Surprisingly
Meaningless’ http://hussmanfunds.com/wmc/wmc111219.htm December 19,
2011 John P. Hussman,
Ph.D ‘... As
economist John Williams observes,
"starting in October, a divergence developed: Whereas year-to-year change
in BLS estimated payroll earnings continued at a more-or-less constant,
positive level, tax receipts fell quite markedly. Where the Treasury numbers
reflect full reporting, the BLS data are sampled, heavily modeled and usually
heavily revised. The implication is that the BLS has overstated average
earnings and payrolls meaningfully in recent months."… An important point here is that almost no current
investors have experienced this more typical 1970's-type market setback. When
one of these old fashioned but typical declines occurs, professional investors,
conditioned by our more recent ephemeral bear markets, will have a permanent
built-in expectation of an imminent recovery that will not come. "For
the record, Exhibit 1 shows what the S&P 500 might look like from today if
it followed the average flight path of the 10 burst bubbles described above.
Not very pretty." http://hussmanfunds.com/wmc/wmc111219c.jpg We can't disagree, though I also believe
there still remains some short-run ability of policymakers to distort market
forces, to badly misallocate capital in the process, and to wreck the economy
more thoroughly in the long-run… FACING A GLOBAL ECONOMIC DOWNTURN In the past
few months, our own measures of economic risk have remained persistently
unfavorable.. The OECD publishes its own set of leading economic indicators on
developed and developing countries. Notably, we've never observed deterioration
to the extent that we presently observe, except when the U.S. was in or
entering a recession. http://hussmanfunds.com/wmc/wmc111219d.gif
…’ , Psssst
France: Here Is Why You May Want To Cool It With The Britain Bashing - The UK's
950% Debt To GDP Durden
12/18/2011 While certainly humorous, entertaining and very, very
childish, the recent war of words between France and Britain has the potential
to become the worst thing to ever happen to Europe. Actually, make that the
world and modern civilization. Why? Because while we sympathize with England,
and are stunned by the immature petulant response from France and its head
banker Christian Noyer to the threat of an imminent
S&P downgrade of its overblown AAA rating, the truth is that France is
actually 100% correct in telling the world to shift its attention from France
and to Britain. So why is this bad. Because as the chart below shows, if there
is anything the global financial system needs, is for the rating agencies, bond
vigilantes, and lastly, general public itself, to realize that the UK's
consolidated debt (non-financial, financial, government and household) to GDP
is... just under 1000%. That's right: the UK debt,
when one adds to its more tenable sovereign debt tranche all the other debt
carried on UK books (and thus making the transfer of private debt to the public
balance sheet impossible), is nearly ten times greater than the country's GDP…’
, Goldman's
Take On TARGET2 And How The Bundesbank Will Suffer Massive Losses If The
Eurozone Fails Durden
on 12/18/2011 Two weeks ago in "Has
The Imploding European Shadow Banking System Forced The Bundesbank To Prepare
For Plan B?" we suggested that according to recent fund flow data,
"the Bundesbank wants slowly and quietly out." , The
MF Global Trade Is Not Coming To (European) Town - Why The ECB's 3 Year LTRO Is
The Latest Bailout FlopDurden
on 12/18/2011 On Friday, as the Eurobond market was briefly soaring, we attributed the move to
sentiment that was best captured by a note out of Morgan Stanley's govvie desk:
"The carry trade is happening, there is no doubt about it…,
Things
That Make You Go Hmmm - Such As Europe's "Comprehensive Solution" Durden on 12/18/11 Five months ago, Zero Hedge first
boiled down the math of the European bailout as follows: "The
Fatal Flaw In Europe's Second "Bazooka" Bailout: 82 Million Soon To
Be Very Angry Germans, Or How Euro Bailout #2 Could Cost Up To 56% Of
German GDP." , Guest
Post: America’s Iraq Experience: Invasi-Eradicavi-Turbavi Durden
on 12/18/2011 Julius Caesar undoubtedly
was showing off with his Veni-Vidi-Vici (I came, I saw, I conquered) when
referencing to his short war outside Zela (Zile) in Turkey over two millennia
ago. Similarly, if we were to use a short catchy-comment for the almost
nine years America has invested in its “Iraq Mission,” we would be on target by
condensing the US experience in also three Latin words, although not as melodic
this time: Invasi-Eradicavi-Turbavi which sadly stand for, I invaded, I
destroyed and I threw-into-chaos. No matter what the Pentagon and
White House tell us, the fiasco in Iraq likely stands as the most costly
mistake in America’s history, a true Keystone Kops type of political dark
comedy. And it wasn’t a bad or flawed decision by a singular moron or
group of morons – Bush the Younger, Sadist Cheney and Loquacious Rumsfeld
composing the original warpath triumvirate, together with two dozen equally
deranged staff of their inner circles. Unfortunately, this time Congress,
together with a brainwashed public, closed rank with an evil and criminal White
House. So, whether the American citizenry likes it or not… the Iraq
conflict wasn’t just Bush’s war, but “the peoples’ war,” a war with a dangerous
aftermath yet to come, one we’ll likely be paying for in the future with
additional blood and treasure. , Newspaper
Chaired By Private Equity Head Shockingly Endorses Mitt Romney For President;
Ron Paul On Jay Leno 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)… , Graham
Summers’ Weekly Market Forecast (Deflation’s Back Edition) http://gainspainscapital.com
December 19th, 2011 The markets have entered a new round of deflation. The only
asset class that has yet to realize this is stocks… , Bank of America 2012: The Worst is Yet to Come (TheStreet) , 7 Reasons The S&P Will Close 2011
Below 1100 http://www.bullfax.com/?q=node-7-reasons-sp-will-close-2011-below-1100 12/16/2011 , DEBT IS ENDEMIC IN OUR
SYSTEM... AND THE DELEVERAGING WILL BE BRUTAL FOR BUSINESSES AND INVESTORS
ALIKE http://www.zerohedge.com/contributed/debt-endemic-our-system-and-deleveraging-will-be-brutal-businesses-and-investors-alike PCR 12/16/2011 ‘.. Again,
what’s happening in the US is NOT a garden-variety cyclical recession. It is a
STRUCTURAL SECULAR DEPRESSION. And the reason is that we are currently
witnessing the collapse of the greatest debt bubble of all time. Indeed, 2008
was the first round of this. We’re now heading into the second round in which
entire countries will go bust. Remember, stocks were the last to “get it” in
2008. They’re the last to “get it” today too. And when they finally DO “get
it,” (BUST)..’ , 50
Economic Numbers About The US That Are "Almost Too Crazy To Believe"
Durden
12/16/211 The Economic Collapse Blog does a terrific job of periodically
putting together a compilation of the scariest data points about the US
economy. , Moody's
Takes S&P's Place - Downgrades Belgium By Two Notches To Aa3 Durden
, Net
EUR Short Position Soars To All Time Record, Implies "Fair Value" Of
EURUSD Below 1.20, Or Epic Short Squeeze Durden , Guest
Post: Startling The Global Community, Canada Withdraws From The Kyoto
Convention Durden
, Fitch
Revises French Outlook To Negative Durden
, And
The Euro Downgrade Hits Just Keep On Coming, This Time Fitch PLACES
BELGIUM, SPAIN, ITALY, IRELAND, SLOVENIA AND CYPRUS ON RATING WATCH NEGATIVE Durden , Fitch
places Belgium, Spain, Slovenia, Italy, Ireland and Cyprus on rating watch
negative. Dec 16th, 2011 (Fitch Ratings) , Swiss
Join Suffering as Europe Crisis Ripples Dec 16th, 2011 (Bloomberg) , SEC
charges ex-Fannie, Freddie CEOs with fraud , All
Over the World, People Are Yanking Money Out of Stock Funds The Wall
Street Journal , Richard
(RJ) Eskow: Mr. President, Stop Protecting Bankers From These Law Enforcement
Officials (The Huffington Post) , Obama’s Depression Stephen
Lendman | Obama wrecked America’s economy to save giant Wall Street
banks. , Out
of Chaos, Order: Now IMF Seeks Collective, World Bail-Out of Europe (that
would be good money after bad and wouldn’t succeed anyway since as with
america, there isn’t enough real value to do so – not goin’ to happen) The
Daily Bell , Census
data: Half of U.S. poor or low income AP , 50
Economic Numbers From 2011 That Are Almost Too Crazy To Believe The Economic Collapse , Downward Spiral Dec 16th, 2011 by
News BY MOHAMED EL-ERIAN (ForeignPolicy) — Europe entered the
year with an acute emergency in the periphery of the eurozone, the European
Union’s elite 17-member club that shares a common currency. Misdiagnoses and
inadequate policy responses allowed the contamination to travel sequentially
from the outer reaches of the zone (Greece, Ireland, and Portugal) toward its
inner core.In this first of three morphings in 2011, Italy and Spain were
disrupted as interest rates soared, turning liquidity concerns into solvency
ones. France was then impacted, with its AAA rating threatened by its exposure
to the neighborhood’s problems. Then Germany, Europe’s strongest economy and
the one that everyone looks to for a solution, had to contend with the
embarrassing failure of a highly visible government debt auction. …These are
consequential developments whose impact will be felt for years, and the latter
is not limited to Europe. Virtually every country in the world is exposed. [source]
, Class
Warfare Blowback: Majority Of Americans Want Obama Out Durden
12/16/11 , 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 ]
, Corporate warnings bode ill for earnings NEW YORK
(Reuters) , Dave’s Daily:
http://www.etfdigest.com STOCKS UNDER A CLOUD OF DOUBT December 15, 2011
‘Pundits keep talking things up but who’s left to listen? We rallied initially
on better economic data (below) but there’s a dark cloud over the market and
quadwitching is ahead Friday. Adding to the uncertainty was influential Goldman
Sachs strategist Jan Hatzius who commented: "A reduction in the lending of
foreign banks to U.S. counterparties could have a meaningful impact on U.S.
growth." He continued to assert that ongoing upheavals in the eurozone
could shave 1% off U.S. GDP growth which frankly would put is in or near
recession. And, per Hatzius, Goldman Sachs estimates U.S. banks are exposed to
(gulp!) $1.8 trillion of counterparty risk from euro banks. Funny thing
Bernanke and Geithner didn’t mention this to us.
Further, the OECD
warned that 2012 will see a potential funding crisis for developed
countries with (cough!) $10.5 trillion in borrowing needs.Economic news was
positive as Jobless Claims were lower at 366K; however, inside the numbers
things were somewhat worse. Extended benefits increased by 322K and Continuing
Claims rose to 3603K from 3583K which isn’t encouraging. One could subsume the
report overall wasn’t that great but, it’s about the headlines baby! Empire Mfg
Survey increased to 9.53 from .61 which is positive. But again, inside the
numbers Prices Paid 24.42 versus 18.29 compresses margins and is potentially
inflationary. Speaking of inflation, the PPI increased to .3% from -.3% previous…’
, The
Fed's Intervention Didn't Solve Anything... It Just Pushed the Collapse Back a
Few Weeks by Phoenix Capital
Research on 12/15/2011 , Australian
Banks Given One Week To Prepare For European “Meltdown” Zero Hedge | This
time around, the warning is for real. , Must
Read: Presenting The MF Global Black Box: A Minute By Minute Breakdown Of The
Doomed Broker's Last Week On Earth Durden
on 12/15/2011 , Moody's
Turns To Canada: Ontario Outlook Revised To Negative, "Softening Economic
Outlook" Cited Durden
, Revised
EFSF Draft Shows Italy, Spain Responsible For One Third Of European Bailout
Funding Durden
, Fitch
Downgrades 8 Global Banks Including BNP, SocGen, BofA, Deutsche, And Morgan
Stanley Durden
, China
Export-Growth Officially Slowing: Trade Deficit Coming?Durden , China trims
holdings of US Treasury debt Dec 15th, 2011 (AP) , US
Industrial production -0.2% in Nov, below market expectations of +0.2%, vs
+0.7% in Oct; cap use 77.8%. Dec 15th, 2011 , France
Braces for Cut in AAA Debt Rating as Noyer Takes a Swipe at Britain Dec
15th, 2011 (Bloomberg) , US
initial jobless claims -19k to 366k for week ended 10-Dec, well below market
expectations, vs upward revised 385k in previous week. USA GOLD , Fitch
Downgrades a Bunch of Banks, Including Bank of America and Goldman
The Wall Street Journal , Businesses
Preparing for Higher Costs in 2012 The Wall Street Journal , Financial
Crimes Up 47% Since '08 Crisis: FBI Forbes ,
Citi
Near Term Stock Forecast: 9300 In The DJIA; 985 In The S&P; Sees Chart
Analogs To Pre-World War Periods Durden
12/14/11 , Citi
Predicts Gold At $3400 In "The Next Two Years", Potential For Move As
High As $6000 Durden , Game
Theory Over: Bank Of France's Noyer Says Britain Should Be Downgraded, Not
France Durden
, U.K. Unemployment
Hits 17-Year High Dec 14th, 2011 (The Wall Street Journal) , For
Europe, Only Way Out Is to Break Up: Kyle Bass Dec 14th, 2011 (CNBC) , 9
Reasons Europe's Crisis is WorseningRon DeLegge-Editor , One
in Three Money Managers Sees Somebody Leaving the Euro Zone Next Year
The Wall Street Journal , Italy’s
Borrowing Costs Hit Euro-Era High Dec 14th, 2011 (The Wall Street Journal)
, Market
Recap: Stocks Decline as Euro Drops Below $1.30 Wall St. Cheat
Sheet , Existing
Home Sales to Be Revised Lower CNNMoney.com , Massive
Downward Revisions Imminent: National Association of Realtors Miscounted
Millions Of Home Sales Over Last Five Years Mac Slavo , Bailout
Payback? Realtors Double-Counted Home Sales For Last Five Years SadHillNews
, Fitch
Downgrades Credit Agricole To A+, Outlook Stable Durden
on 12/14/2011 , STOCKS
SINK, OIL FALLS, GOLD GETS KILLED: Here's What You Need To Know Business
Insider Sam Ro , Gold
Tanks, Headwinds Mount , Rewarding
Henry Paulson's Ethical Failures ETFguide Ron
DeLegge’ , Bernanke
Is "Very Concerned" About Europe, Won't Bail Out European Banks Durden , SEC
Cops Want to Fight U.S. Judge ‘…In his ruling, the New York judge
denounced as "pocket change" a penalty agreed to by Citigroup…’, Germany
Preparing Plans For Commerzbank Bail Out Durden
on 12/14/2011 Following today's end of day rumor being a dud (and
non-existent due to the habituation nature of the market), the closing news is
more unpleasant than Europe would have liked to set the overnight mood, and
comes to us via the FT (yes, that FT), which states that, as long speculated
both here and elsewhere, "the German government has begun preparations for
a possible state bail-out of Commerzbank." , "Guantánamo
Forever?" - Congress Passes $662 Billion Defense Bill, Aka The NDAA Durden 12/14/11 Congress just passed the National
Defense Authorization Act in a 283-to-136 vote. 190 Republicans and 93
Democrats voted for; 43 Republicans and 93 Democrats voted "against."
Prepare to be arrested, without charge, simply because someone "up
there" believes you engage in "terroristy" stuff. Good luck
proving them wrong.(How totally and historically pathetic pervasively corrupt,
defacto bankrupt america’s become in its intractable decline and fall of
historic proportion!) , Presenting
The Three Unscripted Sentences That May Have Cost Jon Corzine His Freedom Durden 12/13/2011 , CME
Executive Chairman Terry Duffy Throws Jon Corzine Under The Bus, Implies The
"Honorable" Governor Lied Under Oath Durden
, Europe
Using US as Model to Fix Debt Crisis: Bove Dec 13th, 2011 (CNBC) [Now you
know they’re done!] ,
Existing
Home Sales Debacle, As Larry 'Baghdad-Bob' Yun Confirms Overstatement Durden , The
Real Unemployment Rate Near 20% – Infowars Nightly News Infowars Nightly
News | Aaron Dykes breaks down the real unemployment figures that is killing
the country and economic growth that obama refuses to fix., All
That Glitters…Will Not Solve Europe’s Debt Woes Dec 13th, 2011 (The Wall
Street Journal) ,
As
Disenchantment With Idiocy Surges, Ron Paul Support Soars Durden , EU Banks
Selling ‘Crown Jewels’ for Cash Dec 13th, 2011 (Bloomberg) , JP
Morgan Stock Breaks Down On News Company's Role As MF Global Lender To Be
Probed Durden , MF's Corzine said to know of customer fund misuse Reuters , FOMC: Global Financial Markets Pose Downside Risk to U.S.
Economic Outlook , RALLY
COLLAPSES, GOLD AND BANKS GET HAMMERED: Here's What You Need To KnowBusiness
Insider , Greece
Apparently Even Worse Off Than Realized, Hitting Euro, Stocks The
Wall Street Journal , “Big
Brother is Eyeing Us – For Good or Evil?” Durden , 17
Signs That The European Financial System Is Heading For An Implosion Of
Historic Proportions The Economic Collapse 12/13/11 , Corzine
testifies on fall of MF Global (Washington Post) Corzine:
It Was Those Darned Robots WSJ [ Singing ‘the body electric’!
Riiiiight! The robots did it! Those churn-and-earn greedy robots! Damnable
robots! They’re the ones! Damn robots! Wow! Talk about criminally insane! ] …
Wow! Just when you thought you heard it all. This truly ranks with ‘my dog ate
my homework’ and is surely destined to become a classic. MF
Global CEO Jon Corzine: ‘I simply do not know where the money is’ Former
U.S. senator, N.J. governor .. (WP), Evolution
Securities Warns Of “Total Carnage And Meltdown” As European Bank Sales Of CDS
On European Sovereign Debt Soar Zero Hedge | As much as we hate to say it,
Europe is now without a shadow of a doubt the new AIG. , CFOs
Less Optimistic About 2012 Growth
The Wall Street Journal , "The
Inmates Don’t Know It’s An Asylum" , Coming
Collateral Crunch Charted , The
$30 Trillion "Problem" At The Heart Of Shadow Banking - A Teaser Durden
on 12/12/2011 , Algo
Liftathon Saves The Day But Financials Falter Durden
, The
European Death Spiral , French
Downgrade - Even More Likely Than Yesterday , Guest Post:
Headwinds For Housing , $32
Billion 3 Year Bond Prices At Second Lowest Yield Ever, Highest Bid To Cover On
Record , Richard
Koo On Why Europe's Austerity Will Cause Deflationary Spiral Durden , Cashin
On The Anniversary Of Bank Of The United States’ Failure, The Start Of US Bank
Runs And The Great Depression Dec 12th, 2011 (UBS-via ZeroHedge) , Fitch
Warning Shot Knocks Stocks Lower The Wall Street Journal , STOCKS
TANK AND EUROPE IS STILL IN CRISIS: Here's What You Need To Know Business
Insider , Minyanville's
T3 Daily Recap: S&P Slips 1.5% on Euro Jitters, Ratings Warnings Minyanville , So
Much For That Summit, Markets Have No Faith In Euro Deal Forbes , Market
Recap: Stocks Sharply Lower on Doubt Over Europe’s Crisis Plan Wall
St. Cheat Sheet , Pain
May Not Be Over for U.S. Banks Reuters , SLOW MOTION CRASH
DEVELOPING Dave’s Daily:
http://www.etfdigest.com , Wall Street tumbles on Europe, Intel's outlook (Reuters) ,
ETF
Insider: Stay On The DefenseETF Database , 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
Tim Tebow Comeback Story Continues But There Will Be No Miracle Comebacks For
The U.S. Economy The
Economic Collapse December 12, 2011 , The
Gold "Rehypothecation" Unwind Begins: HSBC Sues MF Global Over
Disputed Ownership Of Physical Gold Durden 12/09/11 , Forget
Europe… Germany’s Got Its Own Problems to Deal With http://gainspainscapital.com 12/09/11 , Bailout
Total: $29.616 Trillion Dollars Dec 9th, 2011 (TheBigPicture) — There is a
fascinating new study coming out of the Levy Economics Institute of Bard
College. Its titled “$29,000,000,000,000: A Detailed Look at the Fed’s Bail-out
by Funding Facility and Recipient” by James Felkerson. , The
Shriveling Middle Class In California
testosteronepit : 12/09/2011 California on the
way to a banana republic. , Evolution
Securities Warns Of "Total Carnage And Meltdown" As European Bank
Sales Of CDS On European Sovereign Debt Soar Durden
on 12/09/2011 , The
Worldwide Depression/Recession Of 2012
Econophile 12/08/11 Daily Capitalist , Are
Dim Sum Bonds The Next Chinese Reverse Merger Fraud?
Durden While Draghi somewhat shut the door on the ECB being the lender
of last resort today, there appears to be a sucker-of-last-resort where
Dim Sum bonds (offshore/HK Yuan-denominated bonds) have seen
issuance almost triple in the first 11 months of the year , Risk
Assets Deteriorating Rapidly On Europe's SNAFU Durden
, And
Scene: Europe Agrees To Disagree, Next Summit Date Set For March 2012 As David
Cameron Kills Compromise Durden , STOCKS
GET SLAMMED AFTER BIG ECB DISAPPOINTMENT: Here's What You Need To Know Business
Insider 12-08-11 , Last
Minute Summit Mutiny Threatens The Future Of The Euro; And Why A Wholesale
S&P Downgrade Of Europe Will Be Devastating Durden A day when everything that could go wrong for the euro and
eurozone has just gotten worse. , Europe Must Swallow
‘Bitter Pill’ Dec 8th, 2011 (CNBC) The
Misery Continues: Complete November Hedge Fund Performance Durden , Fourth
Time Is The Charm: Texas Instruments Slashes Outlook... Again , Snapshot Of Pure
Market Lunacy , Guest
Post: Another Reason for Stocks To Tank In 2012: Jobs , Euro
Crisis Will Only Get Worse And Do Serious Damage To Investors Forbes Martin , Hope
You Enjoyed That Run of Happy Economic Surprises, Because It's Probably Over:
Barclays The Wall Street Journal , This
Week's EU and ECB Meetings Can't Fix Europe or US Stocks
Minyanville Jeffrey Miller Dec 08, 2011 , Corzine:
It Was Those Darned Robots The Wall Street Journal [ Singing
‘the body electric’! Riiiiight! The robots did it! Those churn-and-earn greedy
robots! Damnable robots! They’re the ones! Damn robots! Wow! Talk about
criminally insane! ], SPX Update: Market Still Looks To Be Forming a Top Jason Haver Dec 06, 2011 ‘In conclusion:
It remains a trader's market, as so far every break of important support or
resistance has led nowhere. I continue to favor the bearish short-term
resolution, as well as the bearish long- and medium-term views’ , 4 Reasons to
be Bearish thetechnicaltake 12/07/11 .. resistance..
recession..intermarket headwinds..’ S&P
Warns It May Cut Most European Banks, European Union Itself Durden on 12/07/11Not sure why the market is surprised
by this, but it is. , Jump
Risk Jumps After American Bankruptcy, Sends Junk Plunging As Major Debt Refi
Cliff Approaches Durden 12/07/11 , S&P
At It Again, Warns EU, Large Eurozone Banks of Downgrades Dec 7th, 2011
(Barron’s) , In
Past Week Americans Pull The Most Money From Stock Market Farce Since US
Downgrade, Despite Market Surge Durden 12/07/11 ,
Marc
Faber: "I Have A Very Special Stock Tip For You. The Symbol Is
G-O-L-D" Durden 12/07/11 …considering the
ridiculousness of the market over the past two weeks when it has gone up on
nothing but lies, Faber just may have a point. , ‘No
Way’ Europe Will Hold Itself Together: CIO CNBC | “Europe is in a terminal
phase of its life.” , Europe
Is Setting Itself Up For A Decade-Long Recession Global Economic
Intersection , Why
The UK Trail Of The MF Global Collapse May Have "Apocalyptic"
Consequences For The Eurozone, Canadian Banks, Jefferies And Everyone Else Durden 12/07/11 In an oddly prescient turn of events, yesterday we penned a post
titled "Has
The Imploding European Shadow Banking System Forced The Bundesbank To Prepare
For Plan B?" in which we explained how it was not only the repo
market, but the far broader and massively unregulated shadow banking system in
Europe that was becoming thoroughly unhinged, and was manifesting itself in a
complete "lock up in interbank liquidity" and which, we
speculated, is pressuring the Bundesbank, which is well aware of what is going
on behind the scenes, to slowly back away from what will soon be an
"apocalyptic" event , Read
This and Tell Me Germany Wants a Monetary Union 12-7-11 http://gainspainscapital.com ‘I’ve stated before that I fully believe
Germany will be leaving the Euro. , "This
Time Will Not Be Different": Interactive Chart Of Market Reactions To All
Prior 2011 Eurozone Summits And Meetings Durden
on 12/07/11 , Pivot
Capital On China's Investment Boom (And Pending Bust)
Durden 12/07/11 , What’s wrong with this picture: Wall St rises on EU summit hopes Asia climbs ahead of European meetings [Riiiiight! Addicted
to hopium? Déjà vu all over again? This is beginning to be beyond ridiculous.
There is no viable solution beyond their disingenuously, meretriciously saying
so amidst the typical spin and b***s*** to froth the markets! ] , RALLY
FIZZLES OUT AFTER HOT RUMOR FROM EUROPE: Here's What You Need To Know Business
Insider ‘ The second day of Europe's hell week was relatively quiet until another rumor sparked
markets during late trading. , S&P
Puts 15 Euro Nations on Downgrade Watch Wall St. Cheat Sheet ‘… The
outlook change is “disastrous for Europe”…’ , Is the Fed Leaking Again? http://gainspainscapital.com , S&P says
EFSF could be downgraded (Reuters) , Tremors
from a euro collapse would be global, with U.S. recession likely
(Washington Post) , Bloomberg
Fires Back At Bernanke's Blustering Rebutall Durden ‘
It appears 'It Is On' as Bloomberg offers its well-reasoned and eloquent
response to Mr. Bernanke's 'egregious errors' note to Congress.’ , Guest
Post: A Very Subtle Form Of Theft Durden ..Bernie
Madoff .. ran one of the largest private-sector Ponzi schemes in history and
always heeded the golden rule of financial scams: make sure your inflows are
greater than your outflows. He was finally done in when redemptions exceeded
new investments. He didn’t have enough cash to pay out investors, and he wasn’t
able to scam more people into paying in to the scheme. As a result, Madoff
finally had to admit that the whole thing was a total fraud. Governments around
the world are in similar situations right now with their own public sector
Ponzi schemes. Faced with failed auctions, declining demand, and rising yields,
politicians are having to resort to desperate measures. Like any good scam
artist, they’re appealing to the masses first; all over Europe, governments are
sponsoring new marketing campaigns suggesting that it’s people’s patriotic duty
to buy government debt. , Has
The Imploding European Shadow Banking System Forced The Bundesbank To Prepare
For Plan B? Durden While much has been said
about the vagaries in the European repo market elsewhere, the truth is that the
intraday variations of assorted daily metrics thereof indicate three simple
things: a scarcity of quality assets that can be pledged at various monetary
institutions in exchange for cash or synthetic cash equivalents, a resulting
lock up in interbank liquidity, and above all, a gradual freeze of the shadow
banking system..we may be experiencing the attempt by the last safe European
central bank - Buba - to disintermediate itself from the slow motion trainwreck
that is the European shadow banking (first) and then traditional banking
collapse (second and last). Because as Lehman showed, it took the lock up of
money markets - that stalwart of shadow liabilities - to push the system over
the edge, and require a multi-trillion bailout from the true lender of last
resort. The same thing is happening now in Europe..’ , Layoffs Watch ’11: Citi , Social
Security 2011 – Another Bad Year Krasting , HUGE
RALLY CUT IN HALF AFTER EUROZONE RATINGS BOMBSHELL: Here's What You Need To
Know Business Insider Sam Ro’ Europe's hell
week begins with new EU treaty proposals and reports of an S&P ratings
action bombshell…U.S. economic data was largely overlooked during this
morning's rally. The ISM services number unexpectedly fell to 52.0, missing the
expectation of an increase to 53.9. This also compares to last month's
number of 52.9. October factory orders fell 0.4%, which was slightly worse
than the 0.3% decline expected. September factory orders were revised
sharply lower…’ , Confirmed:
Not Just AAA Nations, but *All 17* Euro Nations to Be Put on Notice for
Downgrade The Wall Street Journal , Standard
& Poor’s Puts Ratings On Eurozone Sovereigns On CreditWatch With Negative
Implications Dec 5th, 2011 (Standard & Poor’s) , Graham
Summers’ Weekly Market Forecast (Fade
the Fed? Edition) December 5th, 2011
‘Equities got giddy last week when the world’s central banks, lead by
the US Federal Reserve, lowered the global cost of borrowing Dollars.
Regardless of the market’s reaction, the whole thing smells of desperation and
quite frankly, everyone should be questioning the Fed’s move…The IMF, Bank of
England, and others have warned of a systemic collapse… do you think they’re
doing this for fun?Many investors will have their portfolios wiped out in the
coming carnage. It could be next week, or it could take place next year… but we
ARE heading into a Crisis that will be worse than 2008…’ , Gallup
Finds Recent Job Boost Due To "Temp And Part-Time" Hiring;
Underemployment Greater Than Prior YearDurden
on 12/05/2011 While the BLS
unemployment number, fudged strategically to lower the denominator, or the
total labor force, may have come well better than expected (as somehow
miraculously ever more people find the shadow economy a more hospitable place
where to make their money and drop off the BLS roll forever) we once again go
to that trusty fallback, the monthly Gallup poll of underemployment. What we
find here is rather different from what the BLS, and the administration would
like us to believe, namely that "underemployment, a measure that combines
the percentage of workers who are unemployed with the percentage working part
time but wanting full-time work, is 18.1% in November, as measured by Gallup
without seasonal adjustment. That is up from 17.8% a month ago and
17.2% a year ago." Said simply, "many employers appear to
have chosen to hire part-time rather than full-time employees for this holiday
season." , Solyndra
Schadenfreude As Goldman Sachs Played Key RoleDurden
on 12/05/2011 While we are not completely shy of saying we-told-you-so,
in the case of the players in Solyndra's fantastic rise and fall, we are more
than happy to. Back
in September we highlighted Goldman Sachs' key role in the financing rounds
of the now bankrupt solar company and this evening MarketWatch
(and DowJones VentureWire) delves deeper and highlights how the
squid has largely stayed out of the headlines (what's the opposite of
lime-light?) in this case despite its seemingly critical assistance and support
from inception to pre-destruction. Goldman's involvement in Solyndra,
and its lofty valuation projections, lent credibility to the company and helped
rouse investor interest and it was this private interest that was cited by DoE
officials as a considerable factor in its loan guarantee program. As
we said before, anywhere you look, Goldman has been there and left its mark...’
, The
Black Friday Shopping Hangover Is Coming: David Rosenberg Explains Durden on 12/05/2011 , Here Comes
The S&P Downgrade Barrage - Full Statement, In Which S&P Says France
May Get Two Notch DowngradeDurden
on 12/05/2011 , Jeremy
Grantham Releases The Scariest Market Forecast YetDurden
on 12/05/2011 , MUST
SEE – Bernanke’s Stealth Bailout For Wall Street Kept Secret From Congress Daily
Bail | Bernanke runs his own private dictatorship. , How
The U.S. Will Become a 3rd World Country (Part 2) Hera Research
| The United States is quickly coming to resemble a post industrial
neo-3rd-world country., SPX
Update: Topping Again? Minyanville Jason Haver Dec 02, 2011
‘The market is giving several signals that a top may be near… In conclusion, I
remain medium and long term bearish.’, Number of
Jobless Without Benefits Grows Dec 2nd, 2011 News ‘…The
decline in unemployment was driven in part by the disappearance of some 315,000
people from the labor force. If they haven’t looked for work in the past four
weeks, they’re not counted as unemployed… the Labor Department estimated that
as of November, a seasonally adjusted 6.6 million people considered not in the
labor force actually did want work. That number was up 192,000 from October…’
Economy
Creates 120,000 Jobs, Rate Tumbles to 8.6% Dec 2nd, 2011 (CNBC)PG
View: Slate columnist Matt Yglesias tweeted this shortly after the
jobs report came out: “Decreasing unemployment by shrinking the labor force is
not exactly winning the future.” , How
The U.S. Will Become a 3rd World Country (Part 2) Durden
on 12/02/2011 ‘The United States increasingly resembles a 3rd world
country in terms of unemployment, lack of economic opportunity, falling wages,
growing poverty and concentration of wealth, government debt, corporate
influence over government and weakening rule of law.’ , EUR
Shorts Surge, Back To 17 Month Highs As Bearish Sentiment Returns Durden 12/02/2011 , Bob
Janjuah Explains Why The Worst Is Still Ahead Of Us Durden
12/02/2011 , America
To Go The Way Of The Roman, British Empires Forbes Robert Lenzner, Forbes Staff
, 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 Japan.
With his over-arching thesis of debt
saturation becoming more plain to see around every corner, Bass
bundles the simple (and somewhat unarguable) facts of quantitative analysis
with a qualitative perspective on the cruel self-deception that we all see and
read every day about Europe.Whether it is Kahneman's "availability
heuristic" (wherein participants assess the probability of an event based
on whether relevant examples are cognitively "available"), the
Pavlovian pro-cyclicality of thought, or the extraordinary delusions of
groupthink, investors in today’s sovereign debt markets can't seem to
envision the consequences of a default. , Fed
Economists Predict A 15 Year Bear Market For Stocks News
(BusinessInsider) , http://www.economist.com/content/global_debt_clock
is ticking! ,
Senate
Passes Bill Allowing Indefinite Detention of Americans ... Considers Bill
Authorizing More Torture George Washington : 11/29/2011 - 20:53 USA, USA,
USA ... Number One in ... cough ... Fascism ... cough , SPX Update: Sell the Bounce Jason Haver Nov 29, 2011 ‘This bounce might not last long, and
new lows are expected to follow., 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-. , Foreclosure
Fraud | Lender Processing Services Robo-signer Whisleblower Found Dead in
Nevada 4closureFraud
: 11/29/2011 , You
Cannot Build a Financial System on Rumors and Lies http://gainspainscapital.com November 30th, 2011 ‘This act is getting old.Almost every other
day we’re getting rumors about new bailouts and interventions in Europe. All of
these rumors turn out to be total lies as they are refuted usually within a day
and sometimes within a few hours.Case in point, stock futures erupted overnight
on Sunday on rumors that Italy would be getting a 600 billion euro bailout from
the IMF. Just a few hours later this story came out: IMF denies in
Italy aid talks…’ , Minyanville's
T3 Daily Recap: S&P Ekes Out Gain; Has the Oversold Bounce Run Its Course? Minyanville T3Live.com Nov 29,
2011 ‘Although we are significantly higher than Friday's close, the intraday
action has been extremely lackluster, suggesting that there is more downside to
come from here. , S&P Hits Biggest US Banks
With Credit Rating Downgrades http://albertpeia.com/s&previsedratingscriteria.htm WSJ Gongloff November 29, 2011 ,
Presenting
Russell Napier's Greatest Hits Durden
11/20/2011
‘...Russell Napier: the renowned
financial historian and consultant for CLSA, as well as author of the
engrossing Anatomy
of the Bear, who only together with Albert Edwards, has predicted that the
S&P would
eventually drop to 400…’ , Problem With Germany And China: Who Bails Out The Bailers? Forbes / Addison Wiggin [‘.. Another downgrade of U.S. sovereign debt is a
“certainty,” he adds. “It’s only a matter of when.”..’ U.S. economic
conditions are “terrifying,” Mohamed El-Erian said yesterday..’ ]
Nouriel
Roubini: Government Gridlock ‘Ensures’ 2012 Recession Daily Ticker -
Nov 23, 2011 , $707,568,901,000,000:
How (And Why) Banks Increased Total Outstanding Derivatives By A Record $107
Trillion In 6 Months Durden 11/26/11 , Nothing's Changed: Italy and the December to Remember Breakdown Michael A. Gayed
Nov 28, 2011 , 2011
Looking a Lot Like 2008: Technical Analyst The Wall Street Journal
Shipman , New
World Disorder - Watch the Stock Market Ilene 11/27/2011 If the mid-summer
sell signal of 2011 plays out similarly to the one in 2008, there may be a
long, dramatic decline straight ahead. , How the
European End Game Will Play Out November 29th, 2011 | http://gainspainscapital.com ‘With the European End Game now in sight,
the primary question that needs to be addressed is whether Europe will opt for
a period of massive deflation, massive inflation, or deflation followed by
inflation. , EURO FIX RUMORS November 28, 2011
Dave’s Daily:
http://www.etfdigest.com Markets rallied sharply on little hard news Monday
beyond rumors. , Britain's
Foreign Office Prepares For Riots In Europe; Sees Euro Collapse "When, Not
If" Durden , Stocks Finish Monday Near Highs But Rally Looks Limp Forbes / Scott Redler , Fitch Affirms US as AAA, But Cuts Outlook to Negative , The
desperation of Black Friday — Salon http://www.youtube.com/watch?v=jYeDRKB1RXw&feature=player_embedded#t=0s
‘...That is not a portrait of healthy economic activity. That is desperation,
pure and simple. The story of the woman who sprayed her fellow Xbox shoppers
with pepper spray is bad enough, but nothing quite captures what’s wrong
with Black Friday better than this Lord of the Flies-style barbaric
waffle-maker anarchy…’ [Come On! Wake
Up! More stores open, earlier, larger loss leaders / markdowns, as desperate as
the desperate desperados who got their ‘shopping’ in early, at best. The spin
is toal b***s***! Even the great depression didn’t bespeak this great
desperation! The desperation of Black Friday — Salon http://www.youtube.com/watch?v=jYeDRKB1RXw&feature=player_embedded#t=0s
‘...That is not a portrait of healthy economic activity. That is desperation,
pure and simple. The story of the woman who sprayed her fellow Xbox shoppers
with pepper spray is bad enough, but nothing quite captures what’s wrong
with Black Friday better than this Lord of the Flies-style barbaric
waffle-maker anarchy…’ Drudgereport: FITCH TURNS
NEGATIVE ON US , 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? ] , Italian
Bond Yields Doubled in Latest Bond Auction Wall St. Cheat Sheet , Sliding Incomes Threaten Consumer Spending , Moody’s
Downgrades Hungary to Junk Wall St. Cheat Sheet , Global
Stock Markets Remain in Structural Bear Markets Minyanville NextBigTrade.com Nov 25, 2011 , Euro
on ‘Death Watch’ After Investors Spurn German Bonds CNBC.com , Stocks
Extend Longest Drop Since 2008 on Debt Bloomberg , STOCKS
GO NOWHERE AND EUROPE GOES DEEPER INTO CHAOS: Here's What You Need To Know Business
Insider Sam Ro , The Global
Economy is in Big Trouble The Economic Collapse | The global economy is
heading for a massive amount of trouble in the months ahead , European
Banks Frantically Trying To Dump $7 Trillion Of Crap Assets — But No One Will
Buy Them Business Insider , European
Bailout Time Of Death: EFSF Cut In Half Due To “Market Conditions” Zero
Hedge , Experts:
‘Euro to be Scrapped within Months’
Nov 25th, 2011 (IBTimes) , S&P
downgrades Belgium one notch to AA+ citing financial sector risks. Outlook
remains negative. Nov 25th, 2011 , Guest
Post: Just A Holiday Reminder - Black Friday Is Utterly MeaninglessDurden ,
"Disastrous" bond sale shakes confidence in Germany
Reuters , Why Europe
Will Result in Systemic Risk November 23rd, 2011 ‘..These leverage levels
alone position Europe for a full-scale banking collapse on par with Lehman
Brothers. Again, I’m talking about Europe’s ENTIRE banking system
collapsing.This is not a question of “if,” it is a question of
“when.”..’ , STOCKS
GET SMOKED, EUROPE BURNS, AND BANKS ARE STRESSED: Here's What You Need To Know
http://www.businessinsider.com/closing-bell-23-2011-11 Sam Ro Business Insider , Euro
Tumbles As JPM Predicts ECB Rate Cut To 0.50%, “Deep Euro Area Recession”
Zero Hedge , Euro
on ‘Death Watch’ After Investors Spurn German Bonds CNBC.com , Are Parallels to the Great Depression Catching Up for Good? [ Short answer: Yes! And, in a new, modern,
and in light of insurmountable debt levels and fraud at lightning computerized speed,
a far more deleterious way. ]’.. Time is running out. Italian 10-year debt
yields are once again above the sustainable level of 7%, while Spain…’ , Euro
crisis: The screw tightens — Free Exchange , DATA
SUMMARY SHOWS THE US ECONOMY IS IN JEOPARDY [ Duh! Ya think? ] Jeff Harding Nov 23, 2011 ‘..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..’ , Goodnight
Stocks: Waiting For The Crash To Arrive
http://www.bullfax.com/?q=node-goodnight-stocks-waiting-crash-arrive By Eric Parnell 11/22/2011 , Spanish
Bond Yields Surge to Record HighWall St. Cheat Sheet , Germany
Walks… or the EU Sees a Domino Debt Collapse Followed by Systemic Failure http://gainspainscapital.com
November 22nd, 2011 , MF
Global trustee says $1.2 billion missing from company Reuters | The
shortfall of commodity customer funds at MF Global Holdings Ltd may be around
$1.2 billion. , Pimco’s
El-Erian Says U.S. Economic Setting ‘Terrifying’ Nov 22nd, 2011 (Bloomberg)
, Deep
economic pain ahead for the U.S. and the world: Simon Hunt Nov 22nd, 2011
(HousingWire) , ‘The
Sky Will Fall In’ for Europe; US Key to Growth: Bank Chairman [ Which
means: ‘They’re doomed; ‘cause pervasively corrupt, defacto bankrupt america is
an economic, financial, and political basket case, at best!’ ] Nov 22nd, 2011
(CNBC) , TIME
Asks Can the U.S. Federal Reserve Help Save Europe’s Banks? TIME | The U.S.
Federal Reserve has been pumping billions of dollars into the European banking
system in recent weeks. [ Come on! Get real! Who’s going to save the fed?
] , Jim Grant:
“Central Banks Are Insolvent” Daily Bail | Holy insolvency
Batman: the ECB is leveraged 14 to 1, and the Fed is leveraged 100 to 1 , As
the World Crumbles: the ECB spins, FED smirks, and US Banks Pillage Nomi
Prins , Stock
Market Still Broken, Technically The Wall Street Journal Steven Russolillo and Tomi Kilgore ‘The technical indicators are not looking
good for the stock market these days , Greece
Just 20 Days Away from DefaultWall St. Cheat Sheet , Economy
Grew Less Than Previously Estimated in Third QuarterWall St. Cheat
Sheet [You may recall the ‘market pop’ on what I previously referred to as
dubious then and now known to be false data / reports; which, in this ‘election
cycle’, is the typical political desperation underlying these complicitly
fraudulent markets. And, be advised that inflation is way beyond what’s
reported, and contrary to spin, that’s a very bad thing.] , Dave’s Daily:
http://www.etfdigest.com WHEN
KEYNES POLICIES AND POLITICIANS FAIL , Will
The Deficit Super Committee Failure Lead to Another Meltdown? ETFguide Maierhofer 11-21-11’…
According to the formula the down side potential is simply massive…’ , Japan's
Kokusai Liquidates Remainder Of Euro Sovereign Exposure, Just As European
Primary Issuance Supply Surges Durden
‘…the following update from
Morgan Stanley shows, things are getting from from bad to worse…’ , Moody's
Says No To Congressional Can-Kicking The Wall Street Journal {
Yet watch for Moody’s can-kicking, based on, quid pro quo?, hope?, etc.. } , STOCKS
GET SLAMMED, EUROPE GETS WORSE, BANKS AND GOLD GET CRUSHED: Here's What You
Need To KnowBusiness Insider , 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…’ , 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’ is the
weighting accorded M2 and stock prices… , 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 11-16-11 "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." , House rejects
balanced budget amendment Nov 18th, 2011 (AP) , US
Deficit-Cutting Talks Appear to Be Near Collapse Nov 18th, 2011 (Reuters) ,
Drudgereport: NEW
DOWNGRADE THREAT , Guest
Post: The Reasons For China's Imminent Bust Durden 11/18/2011
, Friday
Night Irony: According To The Fed, Just Over One More Year Of ZIRP Will Lead To
38.36% Annual Inflation Durden , The
Final Straw? Jefferies And Six Other Banks Sued For "Fraudulent" MF
Global Bond Issuance Durden 11/19/2011 , Stocks
sink after Fitch warns on US bank exposure AP , Beware
the Earnings Cross, Stock Investors The Wall Street Journal Gongloff , Tighter
Credit Suggests Stocks Should Fall
The Wall Street Journal ,
Watch
Nigel Farage Dance On The Euro's GraveDurden on
11/17/2011 , Another
Tough Month For Tilson As CNBC's Favorite Buffett-Worshipper Is Down Over 24%
YTD Durden
on 11/18/2011 , Payback
Time - The Coming Decade Of Deleveraging Durden
on 11/17/2011 Dave’s Daily:
http://www.etfdigest.com ‘The further down the road we go without
confronting problems head-on, the more difficult things become… We go along
with band-aids, useless stimulus, money printing and hope. It’s BS and smoke
and mirrors policies... Their credibility is shot.It’s no wonder investors are
fleeing markets. Over $200 billion in equity mutual funds have left the markets
since 2010. As I update our Top Ten ETF lists by sector, I see assets under
management (AUM) declining 25-45% just in the last four months. The great
October stock rally was a “eurozone is fixed” mirage. Thursday markets received
mixed economic news in the U.S. as Jobless Claims fell somewhat (higher
previous revisions again and people dropping off the rolls like flies accounts
for some of this) and a poor Philly Fed Survey (3.6 vs 9 expected and previous
8.7). Housing Starts were unchanged, and frankly we don’t need more home
construction…’ The
next financial crisis will be hellish, and it’s on its way Forbes.com Citi
Economist Warns of Imminent Spanish, Italian Default The Wall Street Journal (11-16-11) , 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 , Dave’s
Daily: http://www.etfdigest.com
INVESTORS ON THIN ICE , Euro-Dollar
Basis Swap Cost at 2008 Crisis Levels The Wall Street Journal , U.S. Debt Tops
$15 Trillion Mark Today Nov 16th, 2011 (ABCNews) , Minyanville's
T3 Daily Recap: Wedge Pattern Looks Set to Resolve to Downside
Minyanville , European
Financial Gravity: The Era of "Extend and Pretend" Is Over Atlantic
Capital Management , Europe: Close To A
Death Spiral? Nov 16th, 2011 By Bruce Krasting (EconMatters) , Citi
Chief Economist Willem Buiter: A Spanish Or Italian Default Could Happen In A
Few Short Days Durden, Financial
Stocks Catching Up To Their Recent Credit Weakness
..it seems reality is starting to
sink in..Durden , Which
Way Wednesday – Popping or Topping (again)? ilene 11/16/2011 This is a fantastic opportunity
to observe the workings of an actual criminal conspiracy to defraud the
American people in action. , JPMorgan
To Issue CMBS Backed By... Defaulted Loans Durden 11/15/2011 , Presenting
Europe's Remaining 2011 Bond And Bill Auctions... All 104 Of Them Durden , Congress
Shocked To Find That Being CEO Of A Bankrupt Company Is The New Killing It Durden Two weeks ago we reported with
sheer disgust that the outgoing CEO of bankrupt Freddie Mac, Ed Haldeman,
was to pocket over $4 million for his brief two year stay..for lots of hard
work collecting bail out cash from the Treasury. $21 billion to be precise , Dark
Pool Flush: Game Over Pipeline; Next Up Goldman's Sigma X? Durden on 11/15/2011 For years Zero Hedge has been exposing the persistent
fraud that goes on behind the trading scenes, not only in High Frequency Trading,
but also in various dark trading venues, known better as dark pools where
exchanges, typically the banks themselves get to match buyers and sellers
without any indication of a trade having occurred, until much later if at all…
What will shock the trading community, however, even more is if the SEC decides
to go after not some tiny unknown firm, but the real dark pool transgressors,
the biggest one of which is and has always been Goldman's Sigma
X. Of course for that to happen, Mary Schapiro would actually have to do
her job. And that, unfortunately, ain't happening. , Falling
house prices trap first homeowners Guardian , Contagion
spreads, triple-As under pressure Nov 15th, 2011 (Reuters) , What
Other MF Globals Are Lurking In the System? , Last
Market Rally Before the Bears Take Over Minyanville David Banister 11-14-11 ‘The current
market rally will likely last through Christmas before we see the big leg down.
… Longer term, my best view right now
is that this is a countertrend bounce off the 1,074 lows that will give way to
another big down leg. …‘ , Even
the Fed Can’t Value Financials’ Risk Phoenix Capital 11/14/2011 The NY Fed is the single most powerful
entity in charge of the Fed’s daily operations. How can any investor
believe that the Fed can manage the system and restore trust when the NY Fed cannot
accurately audit a financial firm’s risks during a six month review, then
there is NO WAY an ordinary investor can do so. , Europe in worst hour since WW2: Merkel [Duh! Ya think?] , Congress
Trading Stocks on Inside Information!?Wall St. Cheat Sheet , Bob
Chapman: Surviving The Banker Sociopaths The Alex Jones Channel | Alex
talks with regular Friday guest Bob Chapman of the International Forecaster. , SPX Update: Crash Wave Ready; Confirmation Still Pending Jason Haver
11-11-11 , 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 , http://albertpeia.com/wallstreetcrapshoot.jpg , Bernanke
Knows He’s Powerless This Time Around by Phoenix Capital Research
11/10/2011 , The
Aftermath of the Risk-Free Sovereign Debt Illusion
Minyanville (Fri, Nov 11 ] Divergences
Point To Stock Market Crash http://www.bullfax.com/?q=node-divergences-point-risk-stock-market-crash
11/10/2011 James A. Kostohryz , EU Warns Of
‘Deep, Prolonged Recession’ Dow Jones Newswires | The European Union
Thursday slashed its growth forecast for the 27-nation bloc in the coming year.
, Dave’sDaily: http://www.etfdigest.com
[WELL FOUNDED] FEAR REMAINS.. November 10, 2011 ‘Rapidly changing news cycle,
combined with HFT algos …As has been routine, previous data was revised higher
from 397K to 400K, and given this pattern, you should expect current data revised
higher next week…’ What First Time Unemployment Claims Data Is Saying About the
Economy Lee Adler Nov 10, 2011 ‘…Purely by accident,
the real number this week wasn't too far off at 398,753, but that was an
increase from last week's 369,647, not a decline as shown in the cartoon
numbers. Furthermore, it was about 70,000 more than at the seasonal low reached
the last week of September. While this year's seasonal low was lower than last
year, and this year's increase since then was less than last year's, how that
led to the proclamation that this week's number was the lowest in seven months
is beyond my comprehension. It's just a meaningless, and false, number spit out
by a statistical rhythm…’ Famed economist predicts economic calamity in
2012. See the evidence.
http://w3.newsmax.com/a/aftershockb/video.cfm , These 4 things happen right before a heart
attack. newsmax
http://www.newsmax.com/Newsfront/silent-heart-attack-symptoms/2011/09/23/id/412086 ,
50%
unemployment & 90% Dow crash also predicted. Newsmax http://w3.newsmax.com/a/aftershockb/video.cfm ,
http://www.economist.com/content/global_debt_clock
is ticking! Analyst
Sees 3% More Downside On Dow As Cyclicals Lose Momentum
Barrons.com (Wed, Nov 9) [ Is that all? Sounds like a fraudulent wall
street wet dream! Far more reliable analysts predict much lower, infra. ] , There
Is No Solution for Europe”: Stocks Tumble as Italian Yields SurgeThe
Daily Ticker (Wed, Nov 9) , PERVASIVELY CORRUPT, DEFACTO BANKRUPT AMERICA IS A TOTAL
FRAUD IN THE INDUCEMENT AND FACTUM. #9. (see
infra) 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 [ 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 ] , 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…’ , 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. , U.S. Auto Sales And Consumer Credit Hard To
Reconcile
http://www.bullfax.com/?q=node-us-auto-sales-and-consumer-credit-hard-reconcile ‘The last number in the Fed consumer credit
report for new car loans is for the first quarter of 2011, and it showed a
decline of 2.73% from the fourth quarter of 2010. Yet new auto sales for the
same period increased 3.97%. Fascinating.’ , Barclays
Says Italy Is Finished: "Mathematically Beyond Point Of No Return"Durden on 11/08/2011 - 20:13 , Bond
dumping and Berlusconi Pivotfarm
: 11/08/2011 - 08:18 BNP Paribas SA and Commerzbank AG (CBK) are
unloading sovereign bonds at a loss, leading European lenders in a
government-debt flight that threatens to exacerbate the region’s crisis.
BNP...’ , Trouble
Ahead: Employment, Inflation, and the Fed Minyanville Jeff
Harding , Embarrassing
Blunders Wall Street Loves to Hide ETFguide Maierhofer ,
SPDR
Dow Jones Industrial Average ETF Experiences Big Outflow Forbes , ETF
Fund Flows: SPY Bleeds $1.14 Billion IndexUniverse.com , Got
PrimeX Short?: Half The Country's Mortgages Are Underwater Durden , As
Geithner Says Supercommittee "Holds Key To Rebuiling Confidence"
Supercommittee Says "Trillions Of Dollars Apart" Durden
, Wikileaks
Exposes German Preparations For “A Eurozone Chapter 11″ Zero Hedge |
A worst case scenario, says Mayer, could be that Germany pulls out of the
Eurozone altogether in 20 years time. , Italy
borrowing rates hit record The Italian government's borrowing cost
rises on fears over political uncertainty, with 10-year bond yields hitting a
euro-era high of 6.64%. , Are
RBS And NatWest The First Victims Of “Bank Transfer Day” Zero Hedge
| Earlier today we received the following email from a reader: “RBS systems are
down today – ALL of them. , Euro-Kaput:
‘Euro could be dead by end-November’ Russia Today | Greek
PM George Papandreou is aiming to form a coalition government and push through
an international bailout package. , HFT TRADING RULES MONDAY Dave’s Daily:
http://www.etfdigest.com
11-7-11 , Italy: Too
Big to Fail, Too Big to Save? Nov 7th, 2011 (CNBC) , Italian
Debt Crisis Has Global Markets on Edge. Here’s Why It Matters to You JK
Comment: The Daily Ticker guys offer some interesting insight on the evolving
situation in Europe, and how “contagion” may not be limited to the shore’s of
Europe.’ , Presenting
The Latest Eurodebt Exposure Masking Scam Courtesy Of Morgan Stanley: Level 1
To Level 2 Transfers Durden , Here Is Today's 3pm
Rumor... Durden ‘In true save-the-market
style, as 3pm ET comes around we have another rumor from Europe. This time it
purports to be the creation of an investment fund, as a subsidiary of the EFSF,
which will 'attract' external capital sources, via tranching of returns, to
enable the purchase of sovereign debt in primary and secondary markets.
Headlines, via Bloomberg, for now suggest this is yet another strawman…’ , 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 , 10 Reasons America Will Be Judged as the Most Brutal
Empire in History http://www.prisonplanet.com/10-reasons-america-will-be-judged-as-the-most-brutal-empire-in-history.html
Activist Post | Good and evil doesn’t have a grey zone.. America and her
Western cohorts will likely be viewed as the most brutal empire in history..
Although this empire is infinitely more powerful than Rome was, it will suffer
the same fate. For every negative action the empire commits, there’s an
equal and opposite good reaction. And the goodness of humanity will always
defeat tyranny when it goes too far. However, an empire with so much to
lose will go down swinging and slinging every weapon in its arsenal, thus
putting the final stamp on their status as most brutal empire in history.’ , Greek Debt Crisis: Mark II of the Plan for a Greatest
Depression Kurt Nimmo | HSBC, a prized bankster
asset connected to the City of London, warns of a global depression. , Hit
With Big Withdrawals, Fed Sells Assets, Borrows Cash ilene
11/06/2011 , Fed
Underestimated Economy's Weakness: Kohn TheStreet [ Another
‘duh!’ moment from the fraudulent fed! ] , Tempted by Europe? Don’t Be - http://www.theglobeandmail.com/globe-investor/markets/markets-blog/tempted-by-europe-dont-be/article2228163 ‘ ,
Europe.
Is. Finished. Phoenix Capital... 11/05/2011 ‘Europe is
finished. The region’s entire banking system is insolvent (with few
exceptions).’
Earnings
Warning Ratio Highest In a Decade The Wall Street Journal ‘…In other words, even as the market
has rallied, the outlook for earnings has gotten worse.’ , Minyanville's
T3 Weekly Recap: Market Breaks Streak of Weekly Gains, Focus Shifts to Italy Minyanville , The Chart That's Forecasted Every Major Move Correctly Since
March 2011 Simon Maierhofer 11-4-11 ‘…major indices may just be chopping around for
another week or two before heading south for the winter…’ , SPX and NDX Update: Top May Be In as Retracement Rally Hits
Targets Jason Haver , Handicapping
a Global Market Meltdown
Minyanville , Extreme Poverty Is Now At Record Levels – 19 Statistics
About The Poor That Will Absolutely Astound You The Economic
Collapse , Insider selling
surges — CBS MoneyWatch , Greenspan
Suggested Cutting Taxes on the Wealthy to Increase Debt so the Fed Wouldn't
"Lose Control of Monetary Policy" George Washington , First
Time Unemployment Claims Increase But Less Than Usual : ilene
: 11/03/2011 - There's just one minor problem. http://www.zerohedge.com/contributed/first-time-unemployment-claims-increase-less-usual Courtesy of Lee
Adler of the Wall Street Examiner "Fewer people
applied for unemployment benefits last week, a hopeful sign that the job market
might be picking up," trumpeted the AP, in a news item picked up by news
organizations across the US and the world. There's just one minor problem.
First time claims actually increased by 9,361. The AP, and everybody else,
reports a fictitious number, the seasonally smoothed fantasy. They do that
because they figure that readers are too stupid to compare this week's
performance with the same week in previous years to see if the economy is doing
better or worse. I hold no such preconceived notion. If you are smart enough to
be reading this report, then you are smart enough to be able to compare actual
numbers, as opposed to the fake pablum spoon fed to you by the economics
punditocracy…’ , Unique
Historic Precedents Suggest Lower Prices
http://finance.yahoo.com/news/Unique-Historic-Precedents-etfguide-1382828970.html?x=0&.v=1 ETFguide Simon
Maierhofer, November 3, 2011 ,
Europe is doomed — Felix Salmon http://blogs.reuters.com/felix-salmon/2011/11/03/europes-doomed-fate ‘This
is beginning to feel like 2008..’, Because
Central Banks Just Aren't Enough: G-20 Will Ask IMF To Print Reserve Currency Durden Four months ago we predicted that in response to
the latest round of global economic deterioration, every central bank would
very soon join the toner party., Today's
Joke Du Jour Comes From Italy's Biggest Bank, UniCredit , SEC
Opens Investigation Into MF Global Insider Trading, Ignores Glaring Evidence Of
Client Capital Commingling, Hugh
Hendry Channels Irony And Paradox In His Latest Financial Outlook ‘..So what’s next? A crash, of
course..’, As
Repeatedly Warned, Quarter End Window Dressing Key Factor In MF Global's Demise Durden11/04/2011 Citi:
"The Bear Market Rally Is Behind Us; We Anticipate A Move To
1,000-1,015" by Durden
11/02/11 , Fed lowers GDP forecast, raises unemployment projections, mulls
more inflation producing, failed, futile, wall street fraud-friendly action to
the detriment of all others which rallies those ever more worthless as with
dollars ‘pieces of paper’ (actually not even, just ‘over-counted/supplied
computerized ‘ledger’ entries) for the ubiquitous as in the last financial
fraud debacle) for the continuing High-Frequency-Trade churn-and-earn (Reuters)
, Market
Recap: Banks Rally Back, Fed Outlook Worsens [jersey based, former
lautenberg adp data’s as worthless as that from the scandal-scarred commerce
dept. et als, ie., factory numbers; then, the labor dept.’s fake report,
estimates, numbers, including the b.s. service sector, etc..) Wall St.
Cheat Sheet , Fed foresees far weaker growth than it had earlier , MF
Global Client Theft Estimate Doubled To $1.5 Billion?
Durden, Game
Over Berlusconi? Italian Anti-Crisis Bill Fails
Durden, Egan
Jones Downgrades Jefferies On Concerns About Sovereign Exposure Amounting To
77% Of Equity Durden , Guest
Post: MF Global Shines A Light On Monetarism's Incapacity To Enhance The Real
Economy , Will
Spiking Vol Drag Global Growth Down? [Short answer: YES! The HFT churn and
earn is parasitic, benefits the frauds on wall street only, and ultimately must
‘come from some real place’ (ie., main street, taxpayers, etc.)] The
Greco-Franco Bank Run Has Skipped the Pond, Landed in NY/Chicago and Nobody
Noticed, Exactly As I Predicted! Reggie Middleton 11/01/2011 ‘We just
experienced a bank run in the US that I have been warning of for months on end.
A bank run that resulted in this country's 8th largest bankruptcy,,, ever - and
nobody even noticed.’ , How
US Banks Are Lying About Their European Exposure; Or How Bilateral Netting Ends
With A Bang, Not A Whimper Durden , Keeping
Up With The Korzines In The Kooler: FBI To Investigate MF Global's Theft Of
Client Money Durden , US
construction spending +0.2% in Sep, below market expectations of +0.3%, vs 1.6%
Aug. Nov 1st, 2011 , US
ISM fell to 50.8 in Oct, below market expectations of 52.0, vs 51.6 in Sep.
Nov 1st, 2011 Guest
Post: Fed Trapped By Inflation Durden ,
Keeping
Up With The Korzines In The Kooler: FBI To Investigate MF Global's Theft Of
Client Money Durden, US
Food Stamp Usage Hits New Record Durden ,
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…’ ; and, finally the coup de gras , 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’, 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 Mf global, plus mob infested jersey former governor,
plus fraudulent wall street, plus mob strong new york, plus rich mob history
Chicago, equals fraudulent scheme / theft / scam in the making and then
reality! Someone
Is Going To Jail For This: MF Global Caught Stealing Hundreds Of Millions From
Customers? Durden
10/31/2011 , 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. , Panic
Behind The MF Scenes As Company Refuses To Disclose Information To Regulators
Even In DeathDurden
10/31/2011 , Are
Investors Buying on False Hope? Minyanville , Markets
Remain in Cyclical Bear Market
Kevin Tuttle [ Actually this is
a secular bear market with much worse to come! ] , U.S.
and Europe … “Self-Induced Stagnation,” says Economist Editor The
Daily Ticker , Why Last Week's
Euro Fix Won't Do the Trick ETFguide Maierhofer , Corzine's MF Global collapses under euro zone bets , Are
Ratings Agencies Taking Bribes?Wall St. Cheat Sheet [ One way or
another, from all 3 branches of u.s. government to u.s. businesses coast to
coast, wall street to main street, they’re all getting / taking bribes! ] , SPX and NDX Update: A Disturbing Look at Fundamentals, and the Rally
Explained Jason Haver Oct 31,
2011 , 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 10/31/11 , Europe Will
Make Lehman Look Like a Joke http://gainspainscapital.com/?p=1010 Summers 10-28-11, Be
Honest – The European Debt Deal Was Really A Greek Debt Default : ilene
: 10/28/2011 - 2012 looks like it is going to be an extremely painful year. [
Yes! Very painful! I believe Dave was the first ‘to get this’ in passing
yesterday; and, thinking on it more, I believe this charade cheered
particularly by the frauds on wall street (and surprisingly germany) was for
the purpose of ‘voluntary’ to avoid the Credit Default Swap trigger. Yet, the
real bad news is that, even worse than as with the last financial debacle, owing
to the greed-driven, commission/fee generating churn and earn of innumerable,
bogus, worthless, levered, negatively valued on event financial instruments at
computerized lightning speed, the commission-generating paper is beyond the
frauds’ abilities to account for; and not just the CDS’s ( ETFs
have potential to become the next toxic scandal Sep 19th, 2011 News
(The Telegraph) 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)”..warning – ETFs are not the cheap and transparent vehicles the
marketers would have us believe ..no one who read the FSB report was surprised
to see the words ETF and rogue trader in the same sentence… half of the ETFs in
Europe today do not match the index they are designed to track by holding all
of its constituent shares.. Derivative trades add a second layer of uncertainty
.. 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.’). Not
only is it that The
Greek Deal Accomplishes Nothing… Systemic Risk is Coming http://gainspainscapital.com
October 27th, 2011 (Yes! It’s happened again. No … not just the (Weimar)
funny money and rally as in the great depression followed by the inevitable
bust /crash Parallels
to The Great Depression Suggest Higher Prices Followed by a Bust ETFguide
Simon Maierhofer, October 25, 2011),
but , 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.. 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…’ , 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. ‘ Then there’s the reality / folly that the
mental case with the funny / odd little mustache has been displaced by another
ubiquitous fraud of collectively the ‘multiple mental cases modern day
equivalent variety’; viz., the bourse, bourses, ‘boursers’, stock exchanges,
‘market fraudsters’(wall street particularly), and their lightning fast, high
frequency trading computers(‘ programs). After all, the already
undercapitalized banks are now 50% more undercapitalized (those Yule Brynner
hair cuts are a b**ch); there’s good money after bad; and square pegs are, for
the nonce, ‘fitting’ into round holes. Nothing’s been solved and there’s much
worse to come! Take this as the ‘gift’ (to stock markets everywhere, ultimately
paid for by main streets and taxpayers everywhere) [Market
Now Overbought: Birinyi The Wall Street Journal ] it was meant
to be and sell, take profits, since this ‘microcosm of the crisis’ was never
the real reason for lower markets but merely at best a symptom of [ at worst a
scapegoat for ] these great depression-era times, the worst of which will be
seen. It’s coming! Funny money will just exacerbate the inevitable! This may
sound like a platitude; but, fundamentals and reality still count! 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, 10-27-11
[Short answer: YES! ] . The looney loonie now exceeds the value of the
‘funny-money’, debased dollar (who coulda / woulda have ever thunk it). Inflation,
Jobs, and the Artificial Flow of Monetary Policyat Minyanville
Bad news and b***s*** (as in no plan plan) across the board (and sea) … yet
stocks rallied …US
durable goods orders -0.8% in Sep, near expectations, vs -0.1% Aug. Oct
26th, 2011 by News , Paper
currency has too much bull, not enough bullion Oct 26th, 2011 by News
(Globe and Mail) — Sir Mervyn King, governor of the Bank of England, ordered up
another $300-billion (U.S.) in easy money earlier this month, then mentioned,
by way of explanation, that we are living
through the most serious financial crisis since the Great Depression – “if
not,” he said ominously, “ever.” Sir
Mervyn’s warning was only marginally more sobering than the collective warnings
of Prime Minister Stephen Harper, Finance Minister Jim Flaherty and Bank of
Canada Governor Mark Carney.This is not to mock. These men know enough not to
scare people out of their wits unless it necessary to do so. So the question is,
what do these people know that the rest of us don’t?More related to this
story:To put Sir Mervyn’s warning into its historical perspective, it must be
noted that “ever” goes back a long way. The biblical record cites one
calamitous meltdown 4,000 years ago, “when money failed in the land of Egypt.”
Did Sir Mervyn deliberately or inadvertently include the financial crashes of
antiquity in his portentous warning? Isn’t it
the failure of money that now threatens the world? [source]
Euro
Zone to Quadruple Bailout Fund: Sources Oct 26th, 2011 by News
(CNBC) — … [source]PG
View: Leverage is very much a double-edged sword, also capable of amplifying
losses. Nobody ever seems to talk about that. Of course Europe can always
bailout its bailouts… 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 in and
of itself as ‘a much ballyhooed event’) succeed! 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 …’, 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)…’ , Parallels
to The Great Depression Suggest Higher Prices Followed by a Bust ETFguide
Simon Maierhofer, October 25, 2011 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…The government’s total indebtedness is $211 trillion’ ], 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 , United
States tipped to lose another AAA credit rating Reuters | Either from
Moody’s or Fitch , Can The Hope Rally Continue? [ Short answer: NO! ] , 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 …’,
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 , United
States tipped to lose another AAA credit rating Reuters | Either from
Moody’s or Fitch , Can The Hope Rally Continue? [ Short answer: NO! ] , 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
, 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. ,
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). ] ,
Banks
closed in Colo, Fla, Ga; 84 failures in 2011 AP , 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 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…’ , Dead
Stocks Walking smartmoney.com,
S&P
sees downgrade blitz in EMU recession, threatening crisis strategy Oct
20th, 2011 News By Ambrose Evans-Pritchard (The Telegraph) , Euro
Summit Imploding: Merkel Cancels Friday Government Statement On EFSF Durden on 10/20/2011 , 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..’ , , As
growth lags, IMF warns of downturn After warning that high debt needed
immediate attention, the organization is now urging countries to look for ways
to boost growth amid concerns that austerity might bring renewed recession. Euro
drops as Germany seeks no quick resolution (Washington Post) [ Duh … ya
think? 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? Is the US
Economy in a Recession? thetechnicaltake ‘A simple indicator constructed
from readily available data is suggesting with great certainty that the US
economy is already in a recession.’ , US
to Experience Stagflation Worse Than 1970s: Jim Rogers CNBC , Jeff
Applegate: Not Sheepish About Turning Bearish The Wall Street Journal
Jonathan Cheng ‘Last week was a tough time to turn bearish. Since hitting a
bottom on Tuesday, the Dow Jones Industrial Average has jumped by 11% in less
than two weeks, raising hopes among some investors that the U.S. and Europe may
be able to power through their summertime woes. 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…’, Fed should
adopt GDP target, Goldman says Oct 17th, 2011 News
(MarketWatch) — 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.]…”, 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). , The More Government Spends, The Worse It Gets , Balance Of Fundamentals Will Continue To Weigh On
Market , ECRI Recession Watch: Growth
Index Declines Further http://www.bullseyemicrocaps.com/?p=11699
By Doug
Short: The Weekly Leading Index (WLI) growth indicator of the
Economic Cycle Research Institute (ECRI) has posted 10 consecutive declines
since early August. 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 , US
budget gap widens, tops $1 trln for 3rd year Reuters , A
New S&P 500 Low Still Awaits Us
Minyanville Erik Swarts Oct
13, 2011 ‘Watch the SPX as the market comes to terms with the continuing crisis
in Europe , America's
Lost Decade Will Last Until 2016 [ This is extremely optimistic! ]
Forbes Lenzner , Harrisburg,
Pa Files for Bankruptcy: Is Meredith Whitney Right? [ Short anwer:
Yes! ] Peter Gorenstein , The
Structural Challenges Facing Muni Bonds Minyanville , IRS
Auditing How GOOGLE Shifted Profits Offshore to Avoid Taxes Bloomberg , Europe eyes bigger Greek losses for banks , Markets
Are Dealing With a Foreboding Financial Backdrop Minyanville Lee Adler Oct
12, 2011 ‘..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.. This may
be one of those times, and it's not a happy picture..’ , 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…’, Slovakia
votes down eurozone bailout expansion plans Oct 11th, 2011 News
(BBC) , Euro About to Dissolve?
Oct 11th, 2011 News Patrick A. Heller (NumisMaster) — “This is
the most serious financial crisis we’ve seen, at least since the 1930s, if not
ever., ROUBINI: The Recession Is Guaranteed, The Only Question
Now Is How Bad It Will Be Business Insider | Nouriel Roubini sees
bad times ahead for the economy. , Nobel
Prize Winning Economist Who Supports Wall Street Protests SLAMS the Federal
Reserve Washington’s Blog | Nobel prize winning economist Joe Stiglitz –
like many other high-level economists – supports the “Occupy Wall Street”
protests. Graham
Summers Weekly Market Forecast (Dexia Now... Who's Next? Edition) http://www.zerohedge.com/contributed/graham-summers-weekly-market-forecast-dexia-now-whos-next-edition
Phoenix Capital
Research 10/10/2011 THIS BEAR MARKET IS
NOWHERE NEAR OVER. , We
Are Still Early In This Bear Phase
http://www.bullseyemicrocaps.com/?p=10478 Roger Nusbaum 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! ] “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. 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 , Yield
Spread Confirming Recession Call http://www.zerohedge.com/news/guest-post-yield-spread-confirming-recession-call
, 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 , Play It Again Sam: 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. 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
‘ (
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…’ )(
, 6 Reasons a Global Recession is Unavoidable Ron DeLegge, October 5,
2011, Dem.lautenberg’s jersey based ADP helps the desperate dem’s cause with
100% better than expected (false) private sector jobs report (Announced
U.S. Job Cuts Rise 212% From Year Ago Bloomberg) , Gabriel Wisdom to Frank Motek of 1070amBus.Rept. says
this is a bear market and we’ll see market lows in 2012. [video]
Nervously Eyeing 50% RetracementTheStreet.com Mark Newton , Moody's
Downgrades Italy By Three Notches The Wall Street Journal , Greek
Bailout May Include Larger Writedowns for Private InvestorsWall St.
Cheat Sheet . Enormous, last hour 370+ point upside
suckers’ rally into the close based on b***s***, rumour (more ‘good money after
bad’ bailout goin’ greek in the eu zone), nothing at all (pushed a button, ran
a buy program?) to suck suckers in and keep suckers sucked in based upon as
previously questionable if not outright fake, ‘upward-revised’ (based on
inflation-spiked price increases at best) data also, ‘the data
don’t distinguish between Americans who stop receiving benefits because they
find jobs and those who fall off the unemployment rolls because their benefits
expire- WSCS ‘THE GREATEST
SHOW ON EARTH September 29,
2011 http://www.etfdigest.com ‘…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…’ ) . [
End
of Quarter Price Mark-Ups; Dave’s Daily
http://www.thestreet.com/story/11260606/1/end-of-quarter-price-mark-ups-daves-daily.html Dave Fry
9-27-11 ‘All you need do is view the last week of June 2011, the
previous quarter end, and you'll note a similar quarter end jam-job…’ , Bernanke calls unemployment a ‘national crisis’ 28 Sep 2011 Fed
chief Ben Bernanke said Wednesday that the nation’s weak labor market was “a
national crisis” - Duh! No-recession-wall-street-lovin’-helicopter ben’s … done
it again! … brilliant description of unfortunately what already is thanks in
large part to his wall (fraud) street largess / welfare in the form of QE’s,
etc. , Prepare
for Lehman Brothers Part 2 , Arguments for Being in the Crash Camp Conor Sen Sep
28, 2011 , Now's
Not the Time to Take on Equity Market Exposure at Minyanville Erik Swarts Sep
28, 2011 , [video]Buying
on Rumor - Prepare For The Selling On NewsTheStreet.com TV , Roubini:
U.S. in Throes of Economic Contraction Sep 27th, 2011 News
(Bloomberg) , SHILLER:
House Prices Probably Won’t Hit Bottom For Years Sep 27th, 2011 News (BusinessInsider) , Split opens
over Greek bail-out terms Sep 27th, 2011(Financial Times) , The familiar fraud/pattern of
end-of-month/quarter window dressing b***s*** story of ‘hopes’ (ie.,
americanized funny-money fraud in the eurozone, etc.) from the frauds on wall
street … 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..’ ,
despite the reality of bad news , New home sales hit 6-month low, prices drop , Euro zone damps talk of rapid debt crisis steps , On
the Lookout for a Red October Minyanville ‘ … Aside
from history, if we take a look at the global environment, there are a handful
of things suggesting that we will experience a turbulent October…’ , Suckers’ rally into
the close to suck suckers in and keep suckers sucked in based on lingering
hopes for unaffordably damaging funny money / QE ultimately taxpayer funded /
borne bailout / welfare for these fraudulent ‘titans of capitalism’ on wall
street, viz., nothing whatsoever ( watch for
their fraudulent / illegal end of month/quarter window dressing ) , and bad news ( Soros:
US Is Already in Double-Dip Recession CNBC.com , Stocks:
Don't Get All Comfortable Just Yet WS /Conway , Stocks
Endure Worst Five-Day Slamming Since '08, Still On Edge About Greece
Forbes , More
Pain Is Coming To Equities
http://regator.com/p/253227580/more_pain_is_coming_to_equities Penguin Capital Markets , David
Cameron: world on brink of new economic crisis London Telegraph , Every
Age Group Is Getting Poorer In America, Except For One Advisor Perspectives
, Global economy
pushed to the brink Sep 23rd, 2011 News Financial Times , European
and US Economies Teetering on Weak Policy, Leadership Minyanville
Kerr , Moody's downgrades 8 Greek banks (AP) , Signs The Perfect
Economic Storm Is Coming http://www.bullfax.com/?q=node-signs-perfect-economic-storm-coming , 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 , Market
Recap: FOMC Announces Operation Twist, Banks Tumble, Investors Flee Sovereign
Debt Wall St. Cheat Sheet September
21, 2011, Wall Street sinks 3 percent after Fed cites economic
"risks" NEW YORK
(Reuters) , Moody's downgrades big banks on changed policy , Italy
downgraded, IMF says Europe behind the curve Reuters , IMF
downgrades outlook for US and Europe economies [Sep 20, 2011] ... Fund has
sharply downgraded its outlook for the U.S. economy through 2012 ... http://finance.yahoo.com/news/IMF-downgrades-outlook-for-US-apf-1240337037.html?x=0
much worse than expected: Market Recap: S&P Downgrades Italy, Housing Starts Tumble,
Markets Wait on funny-money no-recession ben bernanke Wall St Cheat Sheet , IMF Downgrades
Global Economic Outlook , Drudgereport: IMF WARNS:
INTO THE DANGER ZONE... ...warns of
USA 'lost decade' , New
High: 37% Say Their Home Is Worth Less Than Remaining Mortgage Payments
Rasmussen , 30
Signs That The U.S. Economy Is About To Go Into The Toilet The Economic
Collapse , A
Fed IOER Cut Could Backfire on Banks, Warns Pimco ,
3
Reasons Markets Were Up As Central Banks Stepped in to Boost Dollar Liquidity
in European Banks Wall St. Cheat Sheet ‘Today
the Department of Labor announced that consumer prices had climbed twice what
economists had predicted in August, while initial
jobless claims jumped last week to their highest level since June. The
Federal Reserve Bank of New York’s report on manufacturing
in the region contracted more than expected in September, while its
general economic index dropped to its weakest reading since November 2010,
indicating that companies in the region covered by the New York Fed’s
manufacturing index are cutting back. The consumer-price report also showed
that hourly earnings fell in August in their
biggest one-month decline since July 2008, while the cost of energy,
food, healthcare, and shelter all rose.‘ , David
Rosenberg: “It’s Time To Start Calling This For What It Is: A Modern Day
Depression” Zero Hedge , Geithner:
Economy In “An Early Stage” Of Crisis
, Flat retail sales keeps U.S. on recession watch ) fraud / manipulated
programmed hft (high frequency trades – see, ie., What
to Expect Next From the Markets , Dave’s Daily, infra ) and b***s*** alone! [ Stock
Market Secret Word of the Day Is 'Delusion' WSJ , watch for fake data / reports out of their sheer
desperation ,
‘american technology is horrendous and vastly overrated!’ I really mean
it; and that’s reality, which speaks volumes about the pathetic state of the
world , Minyanville's T3 Daily Recap: Market Squeeze Continues, But Was
it a Trap? By T3Live.com
‘Today's action … another clever ploy to suck in longs while relieving some of
the oversold condition of the market’ , Don't Trust Wall
Street and this Market ETFguide
, Congress budget agency warns panel of economic ills , Nearly 1 in 6 Americans in poverty, Census says , Cisco cuts long-term sales growth forecast , International alarm over euro zone crisis grows , Why
Can't Wall Street Be Honest With The Public? Forbes , Venture capital veteran Perkins sees danger ahead , These
Wall Street Firms are About to Start Firing People Like Crazy , Same
Alan Greenspan Who Warned Against Budget Surplus Now Warns About Deficit , ETF
Redemptions Highest Since 2008: Report ETF Trends , 20
Signs Of Imminent Financial Collapse In Europe The Economic Collapse , The
2nd Edge Of Modern Financial Repression: Manipulating Inflation Indexes To
Steal From Retirees & Public Workers Gold Seek Lawless America: 20 Examples Of Desperate People Doing
Desperate Things The American Dream
, Poverty In America: A Special Report The
Economic Collapse | America is getting poorer. 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 decimation 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 { Apple
Hits New High (Update1) [ 9-19-11 This manipulated programmed trade to
froth markets is a crash in the making – sell at these ridiculous levels / take
profits! }, 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,September 16, 2011, ‘Webster's
dictionary defines gullible as naive and easily duped or cheated'…’
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), Washington
notwithstanding! Indeed, the frauds on wall street with those contraindicated
paper stock computer programmed commissioned churn-and-earn rallies would love
for you to think it’s Washington only {that aw shucks, coulda’ been clear sailin’
otherwise moment; but the reality is that things are far more dire financially
and economically than their window-dressed scams would indicate, though
washington’s no help, incompetent, unknowledgeable, and ineffectual as they are
(although fraudulent wall street, aside from their consummate scammin’, is
little better and probably overly relied upon and light in those very areas one
would expect to find profiency; viz., finance and economics.) 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.} ] Check out this inflation calculator: http://www.albertpeia.com/inflationcalculator.htm
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 United States
is able to both print and borrow money, it is as bankrupt as the Europeans,”
Bove wrote. “Covering deficits and paying debt with borrowed funds, some of
which is newly printed, does not constitute meeting debt service
requirements.”…’
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 China. This despite the previous failure of QE for everyone but the
frauds on wall street and ultimately, though circumlocuted, at great taxpayer
expense. Titans of capitalism? How ‘bout the biggest unprosecuted frauds in the
world. Preposterous! 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 ) …
I want just one person
with courage enough to stand up and explain to all that these huge
commissionable computerized trading volumes like never before are a net
negative in a very big way … that’s a fact … that’s economic reality in real
terms! … Trade deficit up, growth predictions by fed
scaled down [ do you recall how many upside market points for the false, more
positive growth projections by the ‘no-recession’ fed, then there’s also the
costly, hyperinflationary failed QE hopes, more fed jawboning rallies the
frauds on wall street off their lows to keep suckers suckered – they all belong
in jail! Housing
Woes to Cause Recession in 2012, Says Gary Shilling - Peter
Gorenstein STOCKS
BARELY FALL AFTER MOUNTAIN OF BAD NEWS: Here's What You Need To Know Business
Insider Weisenthal Economic scenario far worse
than expected (and in this pre-election year the reality is still far worse
than reported), yet stocks still rallied off lows to keep suckers sucked in to
this fraudulent market Click
here to see the new scariest jobs chart ever
http://www.businessinsider.com/details-from-the-awful-june-june-jobs-report-2011-7 > See all 12
charts from St Louis Fed: http://static8.businessinsider.com/image/4e1712edcadcbba25f030000-595-356/chart.jpg Previous:Stocks
rally on jersey-based, former Lautenberg ADP still paltry, better than expected
157,000 private jobs number and one’s got to wonder ‘who got paid’, one way or
another, for the fudge. Then there’s the horrific ‘american tech’. Retail? The
defacto bankrupt government’s probably buying with money they don’t have, at
best; and, as with other data in these desperate pre-election-year times, plain
false, falsified, fudged, spun. Previous day, all bad news … from eurozone
(protugal, et als), to asia zone (china worse than expected), to america (where
to begin, from defacto bankruptcy, to debased currency, to insurmountable debt
/ dervice, to pervasive corruption, etc.) … stocks rally on fraud and b***s***
alone. Previous,
higher oil price rally, along with Netflix ‘technology rally’ … Don’t make me
laugh! … Total desperation on wall street and in Washington … How pathetic! … Jobless claims at 428,000 much worse than expected;
and, don’t forget, these are desperate ‘pre-election times’ when regardless of
factual reality (ie., fake reports, data, as, ie., ‘wobama hometown’ corrupt
chicago ISM is up as even their youth gangs are showing increased criminal
activity which probably accounts for the rise; ie., meth, crack labs, etc.?)
data / reports are fudged / faked / spun. Foreclosure, distressed sales
up, at least on paper with contracts signed, so no surprise nor reason to cheer
here, as markets worldwide jump on the american crazy train for a short-lived
bounce as all problems remain. This is the same month
end (and quarter, half) spurt / window dressing based on b***s*** alone to keep
the suckers suckered and an especially great time to sell / take profits since
there’s much worse to come! Talk about milking the greek crisis for the
umpteenth time a so-called solution (and there are loads of greecy scenarios
worldwide … I don’t think so and
neither does Schaeffer who says: ‘…even once such a package is passed it only buys time. Actually fixing
the fiscal condition of Greece is not something that can be solved in a matter
of weeks, or even months…‘ but it’s great press for the
churn and earn and to keep the suckers suckered. Technology
rally? Defacto bankrupt american technology is horrendous but great sizzle for
the new fraud as in the dotcom bust days. Then there’s the greasy b.s. new
greecy b.s. factor. The
rally into the close and the previous so-called (4 day) ‘rally’ was based on
b***s*** alone to keep the suckers suckered and for ‘smarter money ‘ along with
the frauds to sell into. This is an especially great opportunity to sell / take
profits while you still can since there's much worse to come! 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. 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. Wall
Street 'Vastly Underestimating' Risk of Debt Default Forbes / Robert Lenzner StreetTalk ‘ “Meet the Press”
climaxed Sunday with a startling market prognostication from David
Brooks, conservative columnist for the NY
Times. The
risk of a debt default over the combustible issue of the Medicare deficit hangs
over the course of the stock market. Buyers Beware!“I was up in Wall
Street this week,” Brooks said. “They’re vastly underestimating the
source of piolitical risk here. We could have a major problem, I think, either
this summer or the next couple years. And I’d be worried about investing too
much in the market. That’s my financial advice.”…’ Another
Financial Crisis Is On The Way, Mobius Says Market Crash
6/30/11?Technical indicators suggest market collapse may begin by June 30th
Dennis Slothower is one of the world’s leading technical analysts. He’s one of
the few advisors whose readers completely avoided ALL losses during the
disaster that was 2008. And now he’s issuing another dire warning. His
technical indicators suggest that the market manipulation we’ve seen over the
last several months is about to come to an end…and that means thousands of
investors are about to get clobbered. This correction could begin as soon
as June 30th– so it’s important that you take
action now to prepare yourself. StealthStocksOnline.com STOCKS
HAVE BIG RALLY AFTER PILES OF UGLY NEWS: Here's What You need To Know Harry
Dent: “Major Crash” Coming for Stocks, Commodities Already Topping Out 24 Signs Of
Economic Decline In America ‘The US is in the middle of a devastating
long-term economic decline..’ ] States
face shortfall for retirees (WP)
Public workers’ retirement funds had a gap of $1.26 trillion at the end
of fiscal 2009 Study:
Affordable rentals scarce (WP) Poll:
For Obama, low marks on Afghan war (WP)
Fuel
prices cut into Obama popularity
(WP) They’ve used the contrived mideast turmoil and
their wars to obfuscate and divert attention from their failure. 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
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} [ or, go directly
to today’s business headlines ]
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
9-19-12
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 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’ … }
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 flawless in
price, quality, and execution. I’m still ‘numb’ from the very ‘unamerican
experience’! This article is included
as a matter of first amendment principle! }
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 District of Columbia.
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 U.S. political history. http://albertpeia.com/obamasfraudulentbirthcertificate.htm
http://albertpeia.com/americacursed.htm
http://albertpeia.com/12signsusrecessionhasbegun.htm
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! }
http://albertpeia.com/globalfoodcrisis.htm
Dave’s Daily: http://www.etfdigest.com http://albertpeia.com/stockmarketreplay.htm ‘2010-11 STOCK MARKET REPLAY 7-23-12
July 23, 2012 By gpc1981 http://albertpeia.com/europesystemiccollapse.htm
…
After that will come
Japan, then finally the US. By the time the smoke clears, we will have seen
systemic collapse.
This will mean:
1) Many major
banks disappearing, as well as numerous potentially lengthy bank holidays
(think Argentina in 2001)
2) Multiple
sovereign defaults as well as broad economic contractions and their
commensurate unemployment/ civil unrest/ erasure of retirement accounts/
pensions (this process has already begun in some US municipals, e.g. San
Bernandino and Stockton California as well as Harrisburg Pennsylvania).
3) Possibly
new currencies being introduced or new denominations of currencies (say one new
unit being worth 1,000 of the old one)
4) Massive
wealth destruction to the tune of tens of trillions of Dollars (think MF Global
i.e. the money is gone…
only systemically… in fact we just had another such
instance with PF)
5) A global
contraction that will result in new political/ power structures being
implemented as well as the breakup of various countries/ unions.
6) Very
serious trade wars to begin (see Obama’s recent attack on China) and very
possibly a real war.
If the above make you
frightened, you’re not alone. As I’ve
dug deeper and deeper into the inner workings of the global financial system
over the past months, the information I’ve come across has only gotten worse. I’ve
been holding off writing all of this because up until roughly April/May it
seemed possible that the world might veer towards another outcome.
I no longer view this to
be the case. I am almost certain that what I’ve written above will come to pass. I
know that much of what I’ve written to you in the past could be
labeled as “gloom and doom.”
However, I want you to know that I do not use the words “systemic
collapse” lightly.
Indeed, I wish I wasn’t mentioning them now, but I’d
be doing you a disservice not to bring them up because we’re
well on our way towards it.
http://albertpeia.com/americansickos.htm
http://albertpeia.com/12signsspainrecessiontodepression.htm
http://albertpeia.com/nytimessaysallusnewscensoredbygovt.htm
http://endoftheamericandream.com
http://albertpeia.com/55percentamericansbelievegovernmentwilltakecareofthemindisaster.htm
{ Of course, this is absolutely foolish based upon reality and what we’ve
actually witnessed. I’ve found through direct experience you can’t even depend
on the government to do what they’re legally required to do as defined by law,
so corrupt and incompetent the u.s. government has become: see, http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm }
Submitted
by Tyler
Durden on 07/24/2012 http://albertpeia.com/libor.jpg
http://albertpeia.com/nothingthatsaneradultscantcure.htm
{ Riiiiight! It’s them dern kids who comb
their hair in that funny way! Dem dern kids who’ve bankrupted the nation and
their generation particularly without even asking themselves! Dern kids who’ve
watched these ubiquitous wall street frauds churn and earn by way of
computerized algo frauds day in, day out among the largest frauds by the
largest institutions still unprosecuted but ‘donating’ heavily to the corrupt,
incompetent politicos which makes their nation-debilitating crimes seem
‘alright’! Dern kids who’ve kept those real wars rolling for the sake of the
military industrial complex as warned against by the great but underrated
President General Eisenhower. Dern kids who clamour to be abused by sick,
pedophilic adults. Well, one could at best for the sake of this article’s
strained credibility/premise say, ‘it’s all in their genes’; which of course
leads us ineluctably back to the quintessential question, ‘what’s wrong with
american kids?’ and the unequivocal answer, ‘look in the mirror politically
correct american adults’! The following article is included as a matter of
first amendment principle. As for me, it’s not the kids who are america’s/this
world’s problem! }
http://albertpeia.com/100millionpovertystrickenamericans.htm
http://albertpeia.com/downgoesbritain.htm
Dave’s
Daily: http://www.etfdigest.com
SANDY FALLS
ON GOLD PLATED SWORD 7-25-12 { Sandy who? Aw geeh … I thought
Dave was talking about that other sandy (sandusky of jo pa’s p.s. fame, they worshipped together) who cornholed
quite a few himself! } ‘Now that
the architect behind the repeal of Glass-Steagall has made off with his
hundreds of millions he comes clean and says the entire episode was a mistake {
Riiiiight! In the immortal words of Maxwell Smart, ‘’missed it
by that much’ }.
http://albertpeia.com/europecanandwillcausesystemiccollapse.htm
Dave’s Daily: http://www.etfdigest.com ‘DRAGHI JAWBONES SHORT SQUEEZE
7-26-12
“Words, words, words,
I'm so sick of words
I get words all day through
First from him, now from you
Is that all you blighters can do
Sing me no song, read
me no rhyme
Don't waste my time, show me
Don't talk of June, don't talk of fall
Don't talk at all, show me
Never do I ever want to hear another word
There isn't one I haven't heard”
- Alan Lerner: My Fair Lady
Facebook
revenue growth skids, shares plunge
http://albertpeia.com/draghinbsandcrash.htm
http://albertpeia.com/obamademskillauditfed.htm
Dave’s
Daily: http://www.etfdigest.com
BULLISH QE ALGOS 7-27-12 ‘It’s difficult to comprehend the tape sometimes,
especially when you try to square it with the overall news. The bottom line is
bulls have placed their bets that the eurozone will be fixed and weaker U.S.
GDP both will be met by a heavy dose of QE. Everything else doesn’t matter.
Bulls don’t believe the Germans, despite Bundesbank’s comments to the contrary; will
block bond buying by Draghi and the ECB. The key phrase in the linked WSJ
article was, “If there is no ECB bond buying next week stocks will
collapse”. { AP: What I really can’t fathom is
how, why people are so eager to support the churn-and-earn paper fraud on wall
street (their computers are literally selling to themselves along with the
other programmed algo insanity – helping/facilitating these costly wall street frauds
which have not helped but in many ways hurt the real economy – their gain
is everyone else’s pain as that money in their pockets must come from
some real place; viz., your pockets – there’s no free lunch). Their buying time with b***s***
also facilitates the transfer of their ‘worthless paper hot potatoes’ to ie.,
taxpayers, governments, etc.. Totally pathetic! We’re way past
the ‘fool me
twice, shame on me’ stage! They
really have to be prosecuted and put in jail where they belong. They’re just not
that important and they are a substantial detriment to the real economy and
society generally. They have no fear of prosecution and have continued their
paper frauds where they left off last crisis, and seek once again to cash out
for hard currency, metals with the greater fools holding their worthless paper
bag. I used to follow the markets when value/valuation meant something. Now I
track them only to discern the ever greater frauds and the ‘political
connectivity’ to same. }
http://albertpeia.com/17reasonsrecessionnow.htm
http://albertpeia.com/19wayscontrolfreakskillinguswithregs.htm
Dave Bohon | Supporters of homosexual marriage,
however, have been unable to leave the issue and “agree to
disagree.” { I believe the concerted wrongful conduct of
the respective cities et als vis-à-vis Chick-Fil-A may well be actionable as a
business tort and as well, a violation of constitutionally protected rights
of free speech, having a chilling
effect thereon, by way of incorporation thereof under the fourteenth amendment
of the u.s. constitution, as well as pursuant to the respective state
constitutions applicable to the offending cities. }
http://albertpeia.com/attackonchickfilaattacksfreespeech.htm
{ My own feeling on the subject is
live and let live, but that the state has no place in getting ‘behind’
this contraindicated behavior. Look at the subject cities rallying in the name
of ‘cornholin’ (For the gay vote? How totally pathetic!). Without
exception, they are literally domestic war zones, in decay, decline, and
heading as the nation toward fiscal ruin, defacto/outright bankruptcy. They
really should be concentrating on things that really matter before foolishly
attacking freedom of speech. Previously: 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 spaghetti 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 }
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/11signstimesrunoutforfinancialsystem.htm
July 30, 2012 By gpc1981 http://gainspainscapital.com http://albertpeia.com/spainfinishedandfinancialsystemcollapse.htm
http://albertpeia.com/civilunrestishereandworstening.htm
http://albertpeia.com/flashmobrobberrieslootingnormalinamerica.htm
Dave’s Daily: http://www.etfdigest.com INVESTORS WAIT ON CENTRAL BANKS AND JOBS 7-31-12 ‘…Bill Gross: WE’RE WITNESSING THE DEATH OF
EQUITIES 7-31-12 By
Steven Russolillo, WSJ
Blogs MarketBeat WSJ.com's inside look at the markets ‘The bond king says stocks are dead…’
http://albertpeia.com/65signseconomiccollapsehappening.htm
http://albertpeia.com/germanydebttogdpnow300percent.htm
http://albertpeia.com/droughtdustpowergridfailuresfuture.htm
http://albertpeia.com/merkelholdsspainfolds.htm
August 3, 2012 By gpc1981 http://albertpeia.com/bernankeputalie.htm
http://albertpeia.com/usemploymentratelowerthanlastrecession.htm
Submitted by Tyler
Durden on 08/03/2012 { Wobama the b for b***s*** speaks … on the prior
pre-election campaign trail ( 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’ … ) 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…’] }
http://endoftheamericandream.com
http://albertpeia.com/psycopathssociopathsamericasocietalcollapse.htm
{ Think about this! By wobama’s own criteria in his
last total b***s*** campaign, he should be stepping down; having failed on all
counts and then some. He also promised to cut the nation’s deficit in half by
the end of his term; yet, he has increased the nation’s deficit by a record
amount greater than all the presidents since Eisenhower COMBINED ($5 trillion).
He has done this to help cover up his unequivocal failure by any standard by
which you measure a presidency, including his own. People in america must show
the Washingtonians they are not doormats! They must stand up and let these
politicos know that results count; particularly promised results. Absent
positive results as with unmitigated failure, choom-gang-banger wobama, they
get the boot. President Romney deserves the 4 years he’ll have to turn this
disaster called america around. If President Romney doesn’t cut the mustard in
4 years as promised, then he will be out. Results Count! I believe that people
in the final analysis will choose self-respect; that is, choose NOT to be
wobama’s doormat. Despite and contrary to wobama’s spin/propagandameisters’
desperate spin/outright falsity which addresses anything but wobama’s clear
record of failure, President Romney is smart enough, flexible enough, and with
a record of concrete results behind him as compared to wobama choom
fantasy/b***s***, President Romney will be a hands-on President to the entire
nation in the most positive sense. As such, I believe people will choose
self-respect, reality, real results which will make President Romney’s election
a substantial margin blowout victory!
Friday
Humor: "I Am Pledging To Cut The Deficit We Inherited By Half By The End
Of My First Term In Office"
ZeroHedge.com Tyler Durden { Wobama the b for
b***s*** speaks … on the prior pre-election campaign trail ( 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’ … ) Obama's Five
Trillion Dollar Lie http://albertpeia.com/obamas5trilliondollarlie.htm }
http://albertpeia.com/morethan100millionamericansonwelfare.htm
Buchanan: 'Obama has steadily
diminished both himself and the office he holds'... { Indeed he has; and, that’s putting it
mildly! } ‘…In an ad
produced by the super PAC Priorities USA, Mitt Romney is charged with moral, if
not material, complicity in the cancer death of the wife of a Missouri
steelworker. Speaking straight into the camera, Joe Soptic, 62, charges Romney
with coldly shutting down the plant where he worked and cutting off his health
insurance. This, says Soptic, left his wife without insurance to pay for her
care, until, falling ill, she went to a doctor, who discovered stage 4 cancer,
which killed her in 22 days.Soptic implies a causal connection between Romney’s
decision to shut the plant and his wife’s death. The ad is a premeditated
attempt to murder the reputation of Mitt Romney. And from start to finish, it
is a deception. The truth. Mitt Romney gave up leadership of Bain Capital in
1999. The steel plant was closed in 2001. Soptic lost his health insurance, but
his wife was still working and had hers. She lost her job and insurance in
2003. Her illness and cancer were discovered in 2006, when Romney was ending
his fourth year as governor of Massachusetts…’
{ It’s really quite amazing: everything but the facts/truth from wobama
et als. Actually, wobama has a real tax evader in his ranks; viz., tiny tim
geithner who asserted the statute of limitations to get out of paying taxes
that were rightfully due. Should President Romney as a rational business man
whose record at Bain was conceded by Bill Clinton to have been sterling have
instructed his accountants to forget all they know about accounting/taxation
and do a bad job (now doing a bad job is something that failed president wobama
can identify with and knows something about). Then there’s dirty harry:
Drudgereport: HARRY REID HELPS CHINESE
SOLAR FIRM REPRESENTED --
BY HIS SON!
PAPER: It's time to fight
back against Dirty Harry...
Wife: Rep. Jesse Jackson Jr.
getting treatment but 'still very depressed'...
Ethics
investigation continues...
BIASED MEDIA BASH: 86% of
Romney coverage NEGATIVE... { Friday
Humor: (obama last campaign) "I Am Pledging To Cut The Deficit We
Inherited By Half By The End Of My First Term In Office" ZeroHedge.com Wow!
The only explanation might be they’ve been duped by wobama along with
the rest of the nation and are too embarrassed for not doing their reasonably
expected due diligence on grifter obama and just won’t own up to the reality of
the fraud called wobama! Wobama the b for b***s*** speaks … on the prior
pre-election campaign trail (
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’
… ) 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…’] } Boehner: Obama has 'never
even had a real job, for God's sake'...
O BRINGS BACK TELEPROMPTER...
REPORT: Warnings ignored in
Solyndra loan...
{ In the final analysis, I truly believe americans will prove they are
not that dumb; that they are not going to be shamed by being fooled twice (fool
me once, shame on you; fool me twice, shame on me); that they will let
politicians everywhere know that results count! Keeping campaign promises
counts! Hope and change…can you believe that wobama et als are actually saying that
again? The audacity…eh, what the heck…he’s just a typical jive-talking
black…cut him some slack…pathetic…The only reality for hope and change is hope
that wobama changes. That’s not likely! He’s gotten by on b***s*** his entire
life and is a desperate and total fraud! I believe this will be a reality-based
high-margin blowout victory for President Romney! }
Prisonplanet.com | The
Thomas More Law Center has announced that it has filed a federal lawsuit
against Homeland Security Secretary Janet Napolitano.
Shocking
Federal Lawsuit Against DHS Napolitano: Big Sis Favored Her Gal Pals, Treated
Male Staffers “Like
Lapdogs,” Her Female
Staff Tormented Male Employees with “Sexually Charged Games” { Whoa! Lapdog to
Napolitano! Whew! Ew! Wow! Yuck! After all, jano almost makes mo reno look like
a beauty queen! I’m starting to get dry heaves! …In the suit
Hayes also accused Napolitano’s chief of staff at ICE, Suzanne Barr, of repeated
'sexually offensive behaviour' intended to 'humiliate and intimidate male
employees'.On one occasion, Barr called a colleague in his hotel room and
screamed using sexually explicit language, telling him she 'wanted his c*** in
the back of [her] throat' (of course, this impressionable lesbian must have
seen ‘deep throat’; maybe she
really thinks there’s a possibility she has a clitoris in the deep
recesses of her throat…or not…just kidding). Might this be behind (pun) the
sadistic groping of TSA. Pretty sordid stuff, indeed! } Hayes claims he 'felt
that he was being targeted because of his gender' and witnessed Barr repeatedly
picking on men. She 'created a frat-house type atmosphere that is targeted to
humiliate and intimidate male employees', according to court papers. In 2009
she 'removed the entire contents of the offices of three male employees,
including nameplates, computers and telephones, to the men’s bathroom
at ICE headquarters'. Read more: http://www.dailymail.co.uk/news/article-2186507/Janet-Napolitano-favoured-woman-long-relationship-job.html#ixzz23ERN7rMx }
http://albertpeia.com/nationalconsequencesofenslavementtobankers.htm { I really have to tell you, I’d rather be
enslaved by bankers than … Jano, see supra … Just kidding! Neither, is my real
answer! }
Dave’s Daily: http://www.etfdigest.com COMPLACENCY IN LATE AUGUST 8-13-12 { Complacency? More like insanity as
market reactions were the logical opposites to what the data would dictate,
infra. But, that’s been true for quite some time on fraudulent wall street.
http://albertpeia.com/imminentfinancialcollapse.htm
August 15, 2012 By gpc1981 http://albertpeia.com/europesbailmario.htm
Guest
Post: The West Has Just Become A Giant Banana Republic ZeroHedge.com by Tyler
Durden { Yeah! This really is too
true for words! It’s been my
direct experience for quite some time now and is quite a pathetic scenario! } Legal
precedent means nothing. Rule of law means nothing. Free speech means nothing.
Their own treaties mean nothing. It’s unbelievable. Anyone in the west who honestly
thinks he’s still living in a free society is either a
fool or completely out of touch. If that seems too radical an idea, consider
that ECUADOR is now the only nation which stands to defend freedom and
human rights against an assault from the United States, the United
Kingdom, and their spineless allies. The west has just become a giant
banana republic. Have you hit your breaking point yet? If not now… when? { {
I’m
really constrained to interject my own direct experience with the FBI here;
and, I must say I do so lamentably. If you want no real results vis-à-vis
organized crime which now extends to the upper reaches, highest levels of the
corrupt u.s. government, go to the FBI. I discounted the new jersey FBI as just
typical corrupt, mob infested jersey which thinks in terms of discos/casinos.
But, truth be told, they never ask the ‘tough’ questions of the biggest criminals; ie., the biggest
wall street frauds, cia connected illegal ‘drug ops’ (ops…riiiiight), federal judges ie., trump barry, shiff,
alito, etc.; but, they did go after Martha Stewart in a very big way over a
$45,000 transaction. Wow! You can’t make this stuff up. I also don’t believe their
(understated) crime stats for even a second. I’m beginning to feel
foolish for having even put my full faith and trust in them, much less the ‘federal (judicial) system’ who share the ‘same employer’; and, despite my
antipathy for the mob, probably would have fared ‘more fairly’ with the mobsters
directly who seem to have at least some sense of the magnitude of the fraud
involved and the pervasive corruption of the system and government and maybe a
semblance of honor in this nation of protracted decline. It never would have
occurred to me back when for me, such a choice/decision was clear-cut and
simple. Such a course as mine I no longer could recommend inasmuch as there is
little difference between state/government sponsored crime/corruption and that
perpetrated by other criminal elements, from my direct experience with both,
infra: Debauchery: An American specialty In the land of Lindsay Lohan and Snooki,
some federal workers reflect our culture all too well. (Washington Post) [
Lindsay Lohan? Come on Mr. Milbank, hands off the low hanging fruit. She’s totally harmless.
Jersey ‘italian’ snooki? In mob infested
new jersey, who knows (one of the properties in my proceedings for which
surplus funds are unaccounted for was a 2 bedroom 1 and 1/2 bath condominium in
seaside heights, n.j.). But debauchery an american specialty? Another rare
instance wherein I agree with Mr. Milbank completely. 25 Signs That America Is A Seething Cesspool
Of Filth And Corruption http://albertpeia.com/25signsamericacesspooloffilthcrimeandcorruption.htm . Review of flawed forensics held close to vest EXCLUSIVE | Documents and interviews show FBI and
Justice Department officials took steps to control information uncovered by a
task force designed to examine cases involving discredited agents. Many defendants
were never notified of flaws in cases. ‘Simply unconscionable’ (Washington Post) [ Well, I really have to say this.
I’m
awaiting word from the FBI as to resolution, one way or the other, concerning
the RICO matters which have been systematically and corruptly covered up by the
government (executive, legislative, and judicial branches of the pervasively
corrupt, defacto bankrupt u.s. government http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
) . Never in my wildest dreams would I have believed the
level and extent of corruption and criminality within the ranks of the u.s.
government before embarking upon this costly quest for justice and simple
fairness consistent with clear law (infra, regarding the u.s. government’s direct involvement in
the illegal drug trade). In this civil RICO matter, there are no innocent
bystanders; but rather, perpetrators, accomplices, and co-conspirators. When
the fbi agent initially assigned to this matter (Connecticut) abruptly
resigned/retired shortly after a conversation, though not central to my case,
wherein I had said that rudy giuliani’s father had been an (convicted) enforcer for the mob
(served 12 years? in prison, aggravated assault/manslaughter?) and then sent
him documentation owing to his disbelief. Though ultimately ineffectual
vis-à-vis my case, he was a likeable guy for whom I had and still have regard.
I then spoke with FBI Agent Jeff Rasey upon the aforesaid agent’s departure who somewhat
plaintively (‘my
call being a burden’) told me that ‘he was a Ford, and I was a Ferrari’, which he didn’t explain further. Could
anyone tell me what that means? Initially, at new jersey’s FBI office, I was ‘greeted’ by an FBI Agent who
sarcastically asked me whether I was ‘going to the disco that night’ (the documents including
sworn statements delivered to then u.s. attorney sam alito’s office in the same
building disappeared twice along with the initial assistant u.s. attorney
Jonathan Lacey with whom I had reviewed the documentary evidence, documents and
their probative value http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf . We all can infer sam alito’s reward / quid pro quo
for his cover-up by his current position on the u.s. supreme
court. There was never a question as to maryanne trump barry’s interest in corrupting
the judicial process as related to her brother’s (trump) casinos. Jersey
city boy louis freeh, labeled by former Prosecutor Larry Klaiman as the most
corrupt FBI director ever (see infra, mueller seems no different, and certainly
holder’s
impeachable actions and corrupt behavior/cover-ups fit the mold, ie., fast and
furious, race bias favoring blacks, etc.) apparently covered up the RICO
violations as sent to him, and, with italian citizenship and lucrative insider
deals fits the bill. The FBI Agent Jeff Hayes of the Long Beach Office with
whom I reviewed the RICO documents and confirmed same as indicative of (drug)
money laundering was transferred shortly after meeting with him, as has been so
of FBI Agent Bill Lewis (promoted to Washington FBI headquarters) with whom I
discussed the RICO matter and case disks/dvd’s sent to the LA FBI
office (they printed the documents thereon, as per Agent Lewis), Steven
Martinez, ADIC, here in Los Angeles (see infra). So, as regards FBI flaws,
coverup, etc., I have to believe it based on my own experience and reasonable
inference. I’m
currently being ‘stonewalled’ by the LA FBI office since the departure of FBI
Agent Bill Lewis.
GOOGLE SEARCH – ‘LARRY KLAYMAN, LOUIS FREEH CORRUPT’
ABOUT 6,240 RESULTS (0.11 SECONDS)
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, ...
... 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, ...
“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. ...
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, ...
May 3, 2001 – Because of his corrupt behavior, Freeh
was placed on Judicial Watch's ... stated Judicial Watch Chairman and General
Counsel Larry Klayman. ...
May 27, 2000 – By Larry Klayman ... While Judicial
Watch has asked FBI Director Louis Freeh to .... lawsuits against a corrupt
and unrepentant Clinton-Gore ...
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,
· A judgment had been entered in my favor in the case, United States District Court Case #3:93cv02065(AWT)(USDCJ Alvin Thompson), worth approximately now in excess of $300,000 remains unaccounted for and which could be used for payment to creditors, Los Angeles, etc..
· Counsel Robert Sullivan on my behalf documented by way of certification upon investigation that Alan Shiff, USBCJ, had falsely stated a dismissal upon which false statement he predicated a retaliatory and spurious contempt proceeding against me causing substantial damage, and for which he sought Judicial Notice of those and related proceedings as did I in some of my filings.
· The Order of Dismissal With Prejudice by Alan Shiff, USBCJ, owing to Defendant Coan’s failure to file anything whatsoever by the court’s deadline causing creditors and me substantial damages: [ Shiff Order of Dismissal With Prejudice on Coan’s Failure to File Page 1 Page 2 ]
·
Defendant Coan had filed an action against me to
prevent me from suing him which necessitated me to fly to Connecticut for a
hearing before The Honorable Robert N. Chatigny, Chief Judge, USDC, District of
Connecticut, who denied Coan’s requested relief as to Coan but precluded my
action against Shiff (although there is no immunity, judicial or otherwise, for
criminal acts, ie., fraud connected with a case under Title 11, USC, etc.) .
[ transcript in pertinent part - http://albertpeia.com/crossexamofcoanbypeia.pdf
]
· Newly appointed judge, Maryanne Trump Barry, Donald Trump’s sister, was assigned the RICO case despite the conflict of interest in light of hundreds of thousands of dollars of illegal (drug) money being laundered through the Trump casinos by the RICO defendants, and despite my motion to recuse her which motion she heard herself and denied, and U.S. Trustee Hugh Leonard with whom I met personally refused to join or file a separate motion to recuse and not long thereafter left said office for private practice at Cole, Shotz, et als on retainer with the RICO defendants as his primary client.
·
Probative and evidentiary documents, affidavits,
exhibits, including those turned over to FBI Agent Jeff Hayes in Long Beach,
CA, had been given to Assistant U.S. Attorney Jonathan Lacey with whom I met
personally at the U.S. Attorney’s Office in Newark, N.J., at which time Samuel
Alito was U.S. Attorney, and went over said documents and their probative value
with him. Within approximately a month thereafter upon inquiry I was told that
Jonathon Lacey was no longer with the office, that the file/documents could not
be located, and that there was no further information available concerning
contacting him or his location. I thereupon delivered by hand, copies of said
documents to the office of then U.S. Attorney Alito, addressed to him, with
assurance they would go directly to him. In addition to being inept [ I looked
in on the one mob case he had brought, bungled, lost (accidently on purpose?)
since I was suing some mob-connected under RICO and the court (I had known /
previously met outside of court the judge Ackerman through a client) was
absolute bedlam and a total joke since incompetent corrupt Alito brought in all
20 mob defendants (rather than prosecute one or a few to flip them first) who
feigning illness had beds/cots in the courtroom along with their moans during
testimony and had the jury in stitches. As much as I hate the mob, it truly was
funny, if not so tragic.], Alito is also corrupt (and maybe corrupt
because he is inept). After a reasonable (but still rather short) time I called
to determine the status and was told that Alito was no longer with the Office
of the U.S. Attorney, that he was (appointed) a federal judge, and that neither
the documents nor any file or record of same could be located. Alito did parley
the same / cover-up into quid pro quo direct lifetime appointment to the Court
of Appeals, 3rd circuit, despite the absence of judicial experience
or successful tenure as U.S. Attorney (Maryanne Trump Barry as well). This is
the same Sam Alito that now sits on the purported highest court in the land.
The real application of the illegal rule ‘don’t ask, don’t tell’.
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) ]
FROM:
TO:
Wednesday, November 16, 2011 8:48 AM
Dear Mr. Peia:
Thank you for being in
touch. As we continue the busy first session of the 112th
Congress, I want you to know that I am grateful for the various times you have
shared your thoughts and concerns with me on different issues. Please be
assured that your voice is being heard and that your perspective helps me to
better represent you in Washington, D.C.
Sincerely,
LUCILLE ROYBAL-ALLARD
Member of Congress
[ This is a reply to the Congresswoman’s query among others included.]
11-5-11
Dear Congresswoman Roybal-Allard:
The Keynesian (economic) approach, if ever a wise
prescription for ‘economic doldrums’, euphemistically speaking (there are
articles/studies/data that dispute the purported effectiveness of the widely
hailed ‘Keynesian remedy’ during the prior great depression), the ‘Keynesian
way’ is certainly no longer a prudent approach today in light of the
insurmountable debt levels of nations worldwide and in america particularly
along with the concomitant over-printed, debased ‘paper currencies’ to finance
same. Quite simply, there simply is not enough real value being created for
redistribution, a situation exacerbated by the parasitic lightening fast,
computerized churn and earn high frequency trading programs on fraudulent wall
street (they should be prosecuted, jailed, fined, and disgorgement imposed for
extant frauds in the trillions now marked to anything as per misguided
legislated FASB rule change). [ America’s debt woe is
worse than Greece’s News (CNN) — ‘Our government is utterly broke …The
government’s total indebtedness is $211 trillion’. 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
] .This is the consequence of a structural shift fed by greed and misguided
policy and cannot be undone (transfer of productive capacity to ie., China,
etc., ‘the bell cannot be unrung’). That said which militates against such an
extension, this is an election year which probabilities suggest makes highly
likely the passage of the extension. I favor your co-sponsored legislation and
before the holidays simply in the name and spirit of Christmas and for no other
reason whatsoever. Below is a recent comment to Opinion Writer Krauthammer’s ‘more
war spending (Keynesian) position’ and an article regarding the folly of same.
Immediately following is from my prior post to you concerning something of such
manageable proportion and well within the government’s ability to resolve (if
the government can’t accomplish this consistent with law and long overdue, then
there isn’t anything the government can accomplish), along with other comments
to you for ease of reference:
‘…As previously noted in a prior message to you, I had previously spoken to FBI Agent Bill Lewis in Washington who was recently promoted to the FBI Headquarters Office (D.C.) from the FBI office here in LA, and who was to be out of the office for the two weeks past. I’ll be contacting him given a reasonable time for him to ‘catch up’, from being out of the office. While independent contractor richard coan is ultimately the one to bear the burden of damages (there’s insurance and a surety covering same), coan might allude to the prior default of the u.s. government (assist. u.s. atty. robert i. lester miscounted / miscalculated the time for filing an answer / response to the complaint upon service thereof, also misstating the rule in open court before corrupt judge matz who ‘schmoozed’ things over (they both have the same employer), however incorrectly according to the ‘law’. I ordered / bought a copy of the transcript of that rather pathetic proceeding (posted in part on my website). In any event, regardless who pays me, the amounts so paid would ultimately be recovered from coan, his insurer/surety which amounts might even exceed the amount I’m willing to settle at. [There is also a judgment (referenced in the correspondence to FBI ADIC Martinez infra) that had been entered in my favor in the case, United States District Court Case #3:93cv02065(AWT)(USDCJ Alvin Thompson), worth approximately now in excess of $300,000 remains unaccounted for and which would benefit Los Angeles, etc.; and then, of course as well, the substantial damages. ] I’ve waited far too long for this matter to resolve, what should have been resolved in accordance with clear law long ago; and, which would have been resolved if not for typical u.s. corruption in the process; and, which is well within the government’s ability to resolve. In my world and way of thinking, results do count! I’ve included prior correspondence for ease of reference…’
Sincerely,
Albert L. Peia
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
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.”
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 }
http://gainspainscapital.com { I’m constrained to add here what I believe
Graham Summers has not incorporated into his calculations; viz., that merkel
very well might not even want to be re-elected. That certainly seems to be the
case despite presumptions to the contrary. After all, there will ultimately be
no winners in this pathetic ponzi charade and ever growing debacle in the
making that she has seemed willing at every crucial juncture to countenance
despite it being antithetical if not diametrically opposed to german interests.
}
Dave’s Daily: http://www.etfdigest.com BERNANKE & CO READY TO PROVIDE
ANOTHER ROUND { …of consistently failed, inflationary QE for the
benefit of the wall street frauds only, to the detriment of the real economy
and everyone else! This misguided wall street fraud oriented policy is in large
part responsible for the increasingly
dismal state of the economy along with
the natural concomitant of rising prices which are blamed on everything but the
contraindicated QE which is the primary culprit! } The only news that mattered
to the algos and HFTs were nuggets of more QE found in FOMC Minutes released
just in time for the 2:15 Buy Program Express to leave the station. More money
printing is inflationary and stocks can inflate too so let’s not kid
ourselves. Perhaps the so-called “smart money” has been buying stocks in anticipation of this kind
of pro-QE3 news; frankly, they would have little other reason to buy this
market. Other than Apple (AAPL) which seems to have become “the market” little
else is exciting or stimulative.Meanwhile in the eurozone Spain
has found implementing austerity measures to be…well,
difficult. Greek Prime Minister Samaras is making the rounds of eurozone
governments pleading his case for a two-year extension for austerity reforms.
Samaras stated that reforms could be fully implemented by (where will any of us
and he be by then?) 2020. Germans have stated they will abide just a little
tinkering in that regard.Much was made early Wednesday regarding Japan’s poor
trade deficit (-$6.5 billion) which was caused by weak demand from the eurozone
and China. (No surprise there methinks.) After seeing this data Fed Governor,
and super money printer, Evans called the report “awful” so we know
which way he’s leaning.The NAR (National Association of Realtors),
after hitting the send button 30 minutes before schedule, reported Home Sales
rose (4.47M vs 4.5M expected & prior 4.37M). Summer should be a good time
for sales one would think and most realtors in our neck of the woods (New
England) are busy.Stocks were weaker early until the algo driven buy programs
hit the tape after the FOMC Minutes revealed a few nuggets of QE. Market
sectors moving higher besides (AAPL) were homebuilders (ITB) once again.Volume
was only slightly higher as program trading increased after the Fed release.
Breadth per the WSJ was negative…’
http://albertpeia.com/truthwinsecotopics.htm
Submitted by Tyler
Durden on 08/22/2012 { Yes! This
article should in no way be considered tongue-in-cheek sarcasm, exaggeration;
but rather, the reality that the stock market has become a parasitic den of
thieves and fraud literally detrimental to all people, all places except for
the few indigenous denizens of this infectious malignancy that literally sucks
the life blood out of all they reach and touch! }
In tort law, an attractive nuisance is any
potentially hazardous object or condition that is likely to attract the naive
and unwary, i.e. children. A classic example is an abandoned swimming pool
half-filled with fetid water. The
stock market is demonstrably an "attractive nuisance" and should be
closed immediately. It should never be reopened unless these
conditions can be met: 1) All shares must be owned for at least four hours 2)
All trading must be executed by humans on a transparent exchange where all
trading activity (and open orders) is visible to all participants 3)
Intervention in the market by the Federal Reserve or any Central State agency
or agents is against the law. If you insist on putting money at risk in the
stock market, be aware that you are playing a rigged roulette wheel and thus
you are a mark. You might win, or the entire game might collapse in a rotten
heap of lies and corruption. Just remember that the market is ruled by
parasites who need to keep their hosts (investors) alive so they can continue
to feed off them (i.e. biotrophic parasites). If the hosts all leave the
market, the parasites will have only themselves to feed on, and they will
quickly expire.
http://albertpeia.com/24statsshowhowobamamessedupeconomy.htm
http://albertpeia.com/8neweconomicthreats.htm
http://albertpeia.com/insidersmartmoneybetsfinancialdisastercoming.htm
Marc
Faber: Odds of Global Recession Are 100%
Texas judge warns of possible ‘civil war’ if President Obama is
re-elected
Romney: My health care plan is superior to Obama's
Obama campaign unleashing 'the Big Dog' in battleground states Obama campaign unleashing 'the Big Dog' in battleground states
{ Riiiiight! The big dog…who found a way to poop up the presidency after being
gifted with a huge end of cold war peace dividend courtesy of predominantly
Reagan. Yes, on route to blowing the job, despite his support for NAFTA, he did
get quite a few…blow(n) jobs… http://albertpeia.com/bigdogpoop.htm … YES.
THAT'S THE JUNIOR SENATOR FROM NEW YORK WHOSE OFFICE WAS BOUGHT AND PAID FOR
WITH PARDONS (FOR VOTES-HASIDIM/JEWISH, LATINO, ETC.) FOR CONVICTED CRIMINALS
BY HER PSYCOPATHIC MURDEROUS, LYING, RAPIST CRIMINAL PARTNER IN CRIME, (HILL)BILLY
CLINTON. WHAT NEW YORKERS ALSO HAVE IS A 2 FOR 1. YES. BUT NOT (HILL)BILLY, BUT
ELEANOR. NO. NOT ELEANOR RIGBY BUT RATHER ELEANOR ROOSEVELT. YES. HILLARY'S
WELL DOCUMENTED COMMUNING WITH ELEANOR (VIA SEANCE ON THE ROOF OF THE
WHITEHOUSE YOUR TAX DOLLARS AT WORK) SHOULD GIVE NEW YORKERS GREAT CHEER,
ALTHOUGH COINCIDENTALLY, NEW YORK WITH THE ARRIVAL OF THE HILLBILLY CLINTONS
HAS, AS THE REST OF THE NATION, FELT THAT GOOD OLD ARKANSAS HILLBILLY CLINTON
EFFECT (9-11, CONSEQUENCES OF THE CLINTON INDUCED STOCK MARKET FRAUD, FALLOUT
FROM AND LINGERING EFFECTS OF THE HILLBILLIES' TENURE IN WASHINGTON, CLINTON
PROMOTED/SIGNED NAFTA, ETC.). THESE PARTNERS IN CRIME SHOULD BE IN JAIL.
John F. Kennedy Jr.
Potential Candidate for Senator from New York.
died: 7/16/99
Within days of an NBC Dateline story hinting at a possible run for the Senate seat
currently assumed to be the property of Hillary Clinton, JFK Jr. and his wife
and sister-in-law died when the Piper Saratoga II TC JFK Jr. was piloting
crashed in to the ocean just short of Martha's Vineyard. The NEWSWEEK issue for
the following Monday, which NBC Dateline had reported would announce JFK Jr's
candidacy, was yanked from distributors and destroyed.
Even before the wreckage of the plane had been
found, the media was saturated with news stories declaring the weather to have
been very hazy (the weather was VFR conditions, and 8 mile visibility, plus
weather radar and witnesses on Martha's Vineyard all reported clear skies)
making it impossible for JFK Jr. to know which way was up (he also had working
instruments in the aircraft).
As was the case when TWA 800 was shot down, the
United States Navy took control of the crash site, ordering an unprecidented 5
mile wide no-fly zone while the wreckage of the aircraft was recovered and
taken to a military base.
Reporters Cindy Adams and Andrew Goldman have
documented the planting of false information about JFK Jr. in the media in the
days following his crash. The feeding of false information to the press proves
there is a cover-up. The existence of a cover-up is why JFK Jr. gets an entry
on the Dead Bodies List.
According to some reports, Mrs. Kennedy was
pregnant.
CLINTON BODY COUNT
By: Ether Zone Staff
Here is the latest body count that we have. All of these
people have been connected with the Clintons in some form or another. We have
not included any deaths that could not be verified or connected to the Clinton
scandals. All deaths are listed chronologically by date. This list is current
and accurate to the best of our knowledge as of January 13, 1999 August
1, 2000.
Susan Coleman: Rumors were circulating in
Arkansas of an affair with Bill Clinton. She was found dead with a gunshot
wound to the head at 7 1/2 months pregnant. Death was an apparent suicide.
Larry Guerrin: Was killed in February 1987 while investigating the INSLAW
case.
Kevin Ives & Don Henry: Initial cause of death was reported to be the result of
falling asleep on a railroad track in Arkansas on August 23, 1987. This ruling
was reported by the State medical examiner Fahmy Malak. Later it was determined
that Kevin died from a crushed skull prior to being placed on the tracks. Don
had been stabbed in the back. Rumors indicate that they might have stumbled
upon a Mena drug operation.
Keith Coney: Keith had
information on the Ives/Henry deaths. Died in a motorcycle accident in July
1988 with unconfirmed reports of a high speed car chase.
Keith McKaskle: McKaskle has information on the Ives/Henry deaths. He was
stabbed to death in November 1988.
Gregory Collins: Greg had information on the Ives/Henry deaths. He died from
a gunshot wound to the face in January 1989.
Jeff Rhodes: He had
information on the deaths of Ives, Henry & McKaskle. His burned body was
found in a trash dump in April 1989. He died of a gunshot wound to the head and
there was some body mutilation, leading to the probably speculation that he was
tortured prior to being killed.
James Milam: Milam had
information on the Ives & Henry deaths. He was decapitated. The state
Medical examiner, Fahmy Malak, initially ruled death due to natural causes.
Richard Winters: Winters was a suspect in the deaths of Ives & Henry. He
was killed in a "robbery" in July 1989 which was subsequently proven
to be a setup.
Jordan Kettleson: Kettleson had information on the Ives & Henry deaths.
He was found shot to death in the front seat of his pickup in June 1990.
Alan Standorf: An employee of the National Security Agency in electronic
intelligence. Standorf was a source of information for Danny Casalaro who was
investigating INSLAW, BCCI, etc. Standorf's body was found in the backseat of a
car at Washington National Airport on Jan 31, 1991.
Dennis Eisman: An attorney with information on INSLAW. Eisman was found
shot to death on April 5, 1991.
Danny Casalaro: Danny was a free-lance reporter and writer who was
investigating the "October Surprise", INSLAW and BCCI. Danny was
found dead in a bathtub in a Sheraton Hotel room in Martinsburg, West Virginia.
Danny was staying at the hotel while keeping appointments in the DC area
pertinent to his investigation. He was found with his wrists slashed. At least
one, and possibly both of his wrists were cut 10 times. All of his research
materials were missing and have never been recovered.
Victor Raiser: The National Finance Co-Chair for "Clinton for
President." He died in a airplane crash on July 30, 1992.
R. Montgomery Raiser: Also involved in the Clinton presidential campaign. He died
in the same plane crash as Victor.
Paul Tully: Tulley was
on the Democratic National Committee. He was found dead of unknown causes in
his hotel room on September 24, 1992. No autopsy was ever allowed.
Ian Spiro: Spiro had
supporting documentation for grand jury proceedings on the INSLAW case. His
wife and 3 children were found murdered on November 1, 1992 in their home. They
all died of gunshot wounds to the head. Ian's body was found several days later
in a parked car in the Borego Desert. Cause of death? The ingestion of cyanide.
FBI report indicated that Ian had murdered his family and then committed
suicide.
Paula Gober: A Clinton
speech writer. She died in a car accident on December 9, 1992 with no known
witnesses.
Jim Wilhite: Wilhite was
an associate of Mack McClarty's former firm. Wilhite died in a skiing accident
on December 21, 1992. He also had extensive ties to Clinton with whom he visited
by telephone just hours before his death.
Steve Willis, Robert Williams, Todd
McKeahan & Conway LeBleu: Died
Feburary 28, 1993 by gunfire at Waco. All four were examined by a pathologist
and died from identical wounds to the left temple. All four had been body
guards for Bill Clinton, three while campaigning for President and when he was
Governor of Arkansas.They also were the ONLY 4 BATF agents killed at Waco.
Sgt. Brian Haney, Sgt. Tim Sabel, Maj.
William Barkley, Capt. Scott Reynolds: Died: May 19,
1993 - All four men died when their helicopter crashed in the woods near
Quantico, Va. - Reporters were barred from the site, and the head of the fire
department responding to the crash described it by saying, "Security was
tight," with "lots of Marines with guns." A videotape made by a
firefighter was seized by the Marines. All four men had escorted Clinton on his
flight to the carrier Roosevelt shortly before their deaths.
John Crawford: An attorney with information on INSLAW. He died from a
heart attack in Tacoma in April of 1993.
John Wilson: Found dead
from an apparent hanging suicide on May 18, 1993. He was a former Washington DC
council member and claimed to have info on Whitewater.
Paul Wilcher: A lawyer who was investigating drug running out of Mena,
Arkansas and who also sought to expose the "October Surprise", BCCI
and INSLAW. He was found in his Washington DC apartment dead of unknown causes
on June 22, 1993.
Vincent Foster: A White House deputy counsel and long-time personal friend
of Bill and Hillary's. Found on July 20, 1993, dead of a gunshot wound to the
mouth -- a death ruled suicide. Many different theories on this case! Readers
are encouraged to read our report in Strange Deaths.
Jon Parnell Walker: An investigator for the RTC who was looking into the
linkage between the Whitewater and Madison S&L bankruptcy. Walker
"fell" from the top of the Lincoln Towers Building.
Stanley Heard & Steven Dickson: They were members of the Clinton health care advisory
committee. They died in a plane crash on September 10, 1993.
Jerry Luther Parks: Parks was the Chief of Security for Clinton's national
campaign headquarters in Little Rock. Gunned down in his car on September 26,
1993 near the intersection of Chenal Parkway and Highway 10 west of Little
Rock. Parks was shot through the rear window of his car. The assailant then
pulled around to the driver's side of Park's car and shot him three more times
with a 9mm pistol. His family reported that shortly before his death, they were
being followed by unknown persons, and their home had been broken into (despite
a top quality alarm system). Parks had been compiling a dossier on Clinton's
illicit activities. The dossier was stolen.
Ed Willey: A Clinton
fundraiser. He died of a self-inflicted gunshot wound on November 30, 1993. His
death came the same day his wife, Kathleen, was sexually assaulted in the White
House by Bill Clinton.
Gandy Baugh: Baugh was
Lasater's attorney and committed suicide on January 8, 1994. Baugh's partner
committed suicide exactly one month later on February 8, 1994.
Herschell Friday: A member of the presidential campaign finance committee. He
died in an airplane explosion on March 1, 1994.
Ronald Rogers: Rogers died on March 3, 1994 just prior to releasing
sensitive information to a London newspaper. Cause of death? Undetermined.
Kathy Furguson: A 38 year old hospital worker whose ex-husband is a co-
defendant in the Paula Jones sexual harassment law suit. She had information
supporting Paula Jone's allegations. She died of an apparent suicide on May 11,
1994 from a gunshot wound to the head.
Bill Shelton: Shelton was an Arkansas police officer and was found dead
as an apparent suicide on kathy Ferguson's grave (Kathy was his girl friend),
on June 12, 1994. This "suicide" was the result of a gunshot wound to
the back of the head.
Stanley Huggins: Huggins, 46, was a principal in a Memphis law firm which
headed a 1987 investigation into the loan practices of Madison Guaranty
S&L. Stanley died in Delaware in July 1994 -- reported cause of death was
viral pneumonia.
Paul Olson: A Federal
witness in investigations to drug money corruption in Chicago politics, Paul
had just finished 2 days of FBI interviews when his plane ride home crashed,
killing Paul and 130 others on Sept 8 1994. The Sept. 15, 1994 Tempe Tribune
newspaper reported that the FBI suspected that a bomb had brought down the
airplane.
Calvin Walraven: 24 year on Walraven was a key witness against Jocelyn
Elder's son's drug case. Walraven was found dead in his apartment with a
gunshot wound to the head. Tim Hover, a Little Rock police spokesman says no
foul play is suspected.
Alan G. Whicher: Oversaw Clinton's Secret Service detail. In October 1994
Whicher was transferred to the Secret Service field office in the Murrah
Building in Oklahoma City. Whatever warning was given to the BATF agents in
that building did not reach Alan Whicher, who died in the bomb blast of April
19th 1995.
Duane Garrett: Died July 26, 1995-A lawyer and a talk show host for KGO-AM
in San Fransisco, Duane was the campaign finance chairman for Diane Fienstien's
run for the senate, and was a friend and fundraiser for Al Gore. Garrett was
under investigation for defrauding investors in Garrett's failed sports
memorabilia venture. There was talk of a deal to evade prosecution. On July
26th, Garrett canceled an afternoon meeting with his lawyer because he had to
meet some people at the San Fransisco airport. Three hours later he was found
floating in the bay under the Golden Gate Bridge.
Ron Brown:. The
Commerce Secretary died on April 3, 1996, in an Air Force jet carrying
Brown and 34 others, including 14 business executives on a trade mission to
Croatia, crashed into a mountainside. The Air Force, in a 22-volume report
issued in June of 1996, confirmed its initial judgment that the crash resulted
from pilot errors and faulty navigation equipment At the time of Brown's death,
Independent Counsel Daniel Pearson was seeking to determine whether Brown had
engaged in several sham financial transactions with longtime business partner
Nolanda Hill shortly before he became secretary of commerce.
Charles Meissner: died: UNK - Following Ron Brown's death, John Huang was
placed on a Commerce Department contract that allowed him to retain his security
clearance
by Charles Meissner. Shortly thereafter, Meissner died in the crash of a small
plane. He was an Assistant Secretary of Commerce for International
Economic Policy.
William Colby: Retired CIA director was found dead on May 6,1996 after his
wife reported him missing on April 27,1996. Apparently, Colby decided to go on
a impromptu canoeing excursion and never returned. Colby who had just started
writing for Strategic Investment newsletter, worried many in the intelligent
community. Colby's past history of divulging CIA secrets in the past were well
known. Strategic Investor had covered the Vince Foster suicide and had hired
handwriting experts to review Foster's suicide note.
Admiral Jeremy Boorda: Died on May 16,1996 after he went home for lunch and
decided to shoot himself in the chest (by one report, twice) rather than be
interviewed by Newsweek magazine that afternoon. Explanations for Boorda's
suicide focused on a claim that he was embarrassed over two "Valor"
pins he was not authorized to wear.
Lance Herndon: Herndon a 41 year old computer specialist and a
prominent entrepreneur who received a presidential appointment in 1995 died
August 10, 1996 under suspicious circumstances. He appeared to have died
from a blow to the head. Police said no weapons were found at his
mansion, adding that Mr. Herndon had not been shot or stabbed and there was no
evidence of forced entry or theft.
Neil Moody: Died -August
25, 1996 Following Vincent Foster's murder, Lisa Foster married James Moody, a
judge in Arkansas, on Jan 1, 1996. Near the time Susan McDougal first went to
jail for contempt, Judge Moor's son, Neil died in a car crash. There were other
reports that Neil Moody had discovered something very unsettling among his
stepmother's private papers and was threatening to go public with it just prior
to the beginning of the Democratic National Convention. He was alleged to have
been talking to Bob Woodward of the Washington Post about a blockbuster story.
Witnesses said they saw Neil Moody sitting in his car arguing with another
person just prior to His car suddenly speeding off out of control and hitting a
brick wall.
Barbara Wise: Wise a 14-year Commerce Department employee found dead and
partially naked in her office following a long weekend. She worked in the same
section as John Huang. Officially, she is said to have died of natural causes.
Doug Adams: Died January 7, 1997- A lawyer in Arkansas who got involved
trying to help the people who were being swindled out of their life savings.
Adams was found in his vehicle with a gunshot wound to his head in a
Springfield Mo. hospital parking lot.
Mary C. Mahoney: 25, murdered at the Georgetown Starbuck's coffee bar over
the 4th of July '97 weekend. She was a former White House intern who worked with
John Huang. Apparently she knew Monica Lewinsky and her sexual encounters with
Bill Clinton. Although not verified, it has been said that Lewinsky told Linda
Tripp that she did not want to end up like Mahoney.
Ronald Miller: Suddenly took ill on October 3rd,1997 and steadily worsened
until his death 9 days later. (This pattern fits Ricin poisoning.) Owing to the
strangeness of the illness, doctors at the Integris Baptist Medical Center
referred the matter to the Oklahoma State Medical Examiner's Office. The
Oklahoma State Medical Examiner's Office promptly ran tests on samples of Ron
Miller's blood, but has refused to release the results or even to confirm that
the tests were ever completed.
Had been investigated by authorities over the sale of his
company, Gage Corp. to Dynamic Energy Resources, Inc. was the man who tape
recorded Gene and Nora Lum and turned those tapes (and other records) over to
congressional oversight investigators. The Lums were sentenced to prison for
campaign finance violations, using "straw donors" to conceal the size
of their contributions to various candidates. Indeed, Dynamic Energy Resources,
Inc. had hired Ron Brown's son Michael solely for the purpose of funneling
$60,000 through him to the Commerce Secretary, according to Nolanda Hill's
testimony.
Sandy Hume: On Sunday,
February 22nd, 1998, Sandy Hume, the 28 year old son of journalist Britt Hume,
was reportedly found dead in his Arlington, Virginia home. Aside from the
statement that this was an "apparent" suicide, there remains in place
a total media blackout on this story, possibly out of concern that the actual
facts will not withstand public scrutiny. Worked for Hill magazine, about
Congress for Congress.
Jim McDougal: Bill and
Hillary Clinton friend, banker, and political ally, sent to prison for
eighteen felony convictions. A key whitewater witness, dies of a heart attack
on March, 8 1998. As of this writing allegations that he was given an injection
of the diuretic lasix has not been denied or confirmed.
Died on March 8, 1998
Johnny Lawhon: 29, died March 29, 1998- The Arkansas transmission
specialist who discovered a pile of Whitewater documents in the trunk of an
abandoned car on his property and turned them over to Starr, was killed in a
car wreck two weeks after the McDougal death.. Details of the
"accident" have been sketchy -- even from the local Little Rock
newspaper.
Charles Wilbourne Miller: 63, was found dead of a gunshot wound to the head on
November 17, 1998 in a shallow pit about 300 yards from his ranch house
near Little Rock. Police found a .410 gauge shotgun near Miller's body and a
Ruger .357-caliber revolver submerged in water. Investigators concluded the
Ruger was the weapon used by Miller to kill himself. Yet, two rounds in the
handgun's cylinder had been spent.
He had long served as executive vice president and member of the board of
directors for a company called Alltel and was deeply involved in his own
software engineering company until the day he died. Alltel is the successor to
Jackson Stephens' Systematics, the company that provided the software for the
White House's "Big Brother" data base system and that was behind the
administration's plan to develop the secret computer "Clipper" chip
to bug every phone, fax and email transmission in America.
Carlos Ghigliotti: 42, was found
dead in his home just outside of Washington D.C. on April 28, 2000. There was no sign of a break-in or
struggle at the firm of Infrared Technology where the badly decomposed
body of Ghigliotti was found. Ghigliotti had not been seen for several weeks.
Ghigliotti, a thermal imaging analyst hired by the House
Government Reform Committee to review tape of the siege, said he determined the
FBI fired shots on April 19, 1993. The FBI has explained the light bursts on
infrared footage as reflections of sun rays on shards of glass or other debris
that littered the scene.
"I conclude this based on the groundview videotapes
taken from several different angles simultaneously and based on the overhead
thermal tape," Ghigliotti told The Washington Post last October. "The
gunfire from the ground is there, without a doubt."
Ghigliotti said the tapes also confirm the Davidians fired
repeatedly at FBI agents during the assault, which ended when flames raced
through the compound. About 80 Branch Davidians perished that day, some from
the fire, others from gunshot wounds.
Mark Corallo, a spokesman for the congressional committee
chaired by Rep. Dan Burton, R-Ind., said that police found the business card of
a committee investigator in Ghigliotti's office. Corallo said Ghigliotti's work
for the committee ended some time ago.
Tony Moser: 41, was killed as he crossed a street in Pine Bluff, Ark
on on June 10, 2000. Killed 10 days after being named a columnist for the
Democrat-Gazette newspaper and two days after penning a stinging indictment of
political corruption in Little Rock.
Police have
concluded that no charges will be filed against the unnamed driver of a 1995
Chevrolet pickup, which hit Moser as he was walking alone in the middle of
unlit Rhinehart Road about 10:10 p.m
Police say
they have ruled out foul play and will file no charges against the driver
because he was not intoxicated and there was no sign of excessive speed.
27-Aug (Casey Research)
http://albertpeia.com/caseysayseconomicreckoningnear.htm
— It is a
deal with the devil: governments churn out more and more cash for the promise
of continued prosperity. But the day of reckoning is near, according to Doug
Casey, chairman of Casey Research and an expert on crisis investing. As the
epic battle between inflation and deflation continues, Casey discusses his
predictions for the new world market in this exclusive interview with The Gold
Report.
…Gold is still in the climbing-the-wall-of-worry
stage. Mania is still in the future. It’s going to happen. I feel confident of that. There’s going to
be a rush to gold.
[source]
http://albertpeia.com/obamastole5plustrillionfromuschildrentohidehisfailure.htm
Dave’s
Daily: http://www.etfdigest.com
PROTECT YOURSELF AT ALL TIMES
8-30-12 { Carbon-based unit indeed, Dave. Brings to mind that great first
installment of what was to breathe life into that ultimately hugely successful
franchise, ‘Star Trek’; viz., the profound ‘Star Trek: The Movie’, directed by no less than Robert Wise (‘The Day the
Earth Stood Still’) himself. }
There’s enough ideas about what to do now as Bernanke steps
to the plate Friday to either regurgitate familiar messages, provide more QE,
conduct more coordinated QE with other central banks or something not imagined
by this carbon based investor...’
Clint Eastwood to speak at the Republican National Convention:
reports { Indeed he did! All is
not unforgiven. That’s a double-negative, Clint, meaning all’s forgiven
( I just wanted to interject his oscar-winning ‘Unforgiven’ for the
record, along with ‘Million Dollar Baby’) for your
pro-gay marriage, don’t give a f*** egalitarian position (I actually
thought in light thereof he was a ‘wobama man’)... 82 and
still truckin’ in a big way…what a guy…I’m impressed…he made our
day! ( There are some detractors, talkin’ this and
that about his speech; but, the point is that Clint’s doing it,
not just talkin’ about it! ) Well Done, Clint! I’m also adding here for the record the
fact that Robert Duvall did a fundraiser for President Romney with First Lady
Ann Romney; and, had an underrated, underappreciated superb (less than big
budget) film of his own, ‘Assassination Tango’, which in
light of nuanced performance and attention to detail deserved greater attention
and acclaim ( any guy whose been offered a free poke from Diane Lane [‘Lonesome
Dove’] and loves the smell of napalm in the morning [the
great ‘Apocalypse Now’] is more
than okay in my book). And, Jon Voight: The Advocate … Who woulda
thunk it? Cogent and relevant! }
http://albertpeia.com/classicbananarepublicbanking.htm
http://albertpeia.com/40statsyourenotbetteroff.htm
Dave’s Daily: http://www.etfdigest.com
‘A SPOONFUL OF SUGAR HELPS THE
MEDICINE GO DOWN’ 9-7-12 { It really must be emphasized/said, and it
has been said infra*, that the west generally, and the u.s. especially, have
become unmistakably banana republics meeting all criteria by which such failed
forms of political/economic ‘organization’ are denoted. The consistent and
persistent focus on the totally fraudulent, manipulated stock markets,
fraudulent wall street particularly with contraindicated, failed QE for benefit
of wall street frauds only, to the detriment of literally everyone else, viz.,
taxpayers, main street, etc., has become nothing short of criminally
insane! [ ECB INTERVENTION COMMENT DU
JOUR: "CLASSIC BANANA REPUBLIC BANKING" Submitted
by Tyler Durden on
09/06/2012 http://albertpeia.com/classicbananarepublicbanking.htm . { It bears
repeating that never in history have the markets become so disconnected from
fundamental finance, valuation, and reality and so completely and utterly
fraudulent. I believe that computerization facilitating multiple frauds at
lightning speed, over and over again and again along with re-hypothecation of
already worthless paper at similar speeds is in part the reason for the
prevalence of such fraud along with the breakdown of american among other
societies into what yesteryear would have been scorned as ‘banana republics’
without any meaningful rules of law whatsoever and pervasive, almost blatant,
corruption at every level. (This is
not to blame computers for the bad use they’re put to.) Guest
Post: The West Has Just Become A Giant Banana Republic ZeroHedge.com by Tyler
Durden { Yeah! This really is too
true for words! It’s been my direct experience for quite some time now and is
quite a pathetic scenario! } Legendary
Investor Jeremy Grantham: America is a Banana Republic Washington’s Blog | Just
different bananas perhaps? ] } ‘The ugly employment report of only 96K new
jobs vs 125K expected hit markets like a spoonful of sugar—Uncle Sugar. The
numbers couldn’t be worse which is why ADP Data and Jobless Claims the previous
day doesn’t mean a thing. Ninety million are not in the labor force, 368K
people have dropped out of the workforce and the participation rate for men is
the lowest since 1948 when most of current readers hadn’t been born. Even the
previous data was reduced from 163K to 141K meaning next month’s numbers should
be taken with a grain of salt, and not sugar. Forget the slightly lower
unemployment rate since with so many dropping off the rolls the real rate is
closer to 12% than 8.1%, and that’s generous.
http://albertpeia.com/studentloandebtserfs.htm
http://albertpeia.com/realunemploymentnumbersmuchworse.htm
http://theeconomiccollapseblog.com
http://albertpeia.com/americansworkedtodeath.htm
{ I personally believe a new category of anxiety
disorder has arisen in america which probably would fall within the broader
genus of ‘obsessive compulsive’;viz.,
the obsessively compulsive trait being overuse of cell phones/text messaging,
etc., in some instances to the point where fingers are literally rendered ‘raw’ from
the typing. Such, of course, is famously promoted/encouraged (tweets, etc.) by the
media, ‘celebs’, etc., and of course the ‘sellers’ of the
China-made gadgets, ie., apple (I-phones, etc.), etc.. And, despite being
invariably sympathetic to the plight of kids generally, I really must say it’s really
rather startling and pathetic! }
‘Are you constantly tired and do you feel incredibly
stressed almost all the time? Well, that means that there is a really
good chance that you are a typical American worker. Even though our
incomes are going down, Americans are spending more time at work than ever
before. In fact, U.S. workers spend more time at work than anyone
else in the world. But it was not always this way. Back in 1970,
the average work week for an American worker was about 35 hours. Today, it is up to 46 hours. But there are other major
economies around the globe that are doing just fine without burning their
workers out. For example, the average American worker spends 378 more hours working per year than the average
German worker does. Sadly, for many Americans work is not even finished
once they leave the office. According to one recent survey, the
average American worker spends an extra seven hours per week on work tasks such
as checking emails and answering phone calls after normal work hours have
finished. Other Americans are juggling two or three jobs in a desperate
attempt to make ends meet. Americans are busier than ever and work is
often pushing the other areas of our lives on to the back burner. What
this also means is that "family vacations" are becoming increasingly
rare in the United States. In fact, Americans spend less days on vacation than
anyone else in the industrialized world. While some would applaud our
"work ethic", the truth is that the fact that we are being overworked
is having some very serious consequences. In fact, as you will see below,
Americans are literally being worked to death.
The following is an excerpt from a comment that one
reader posted on one of my recent articles.
Can you identify with what this family is going through?....
I always try and remember to be thankful and say
prayers of gratitude for the blessings I have, however I can tell you that my
wife and I are getting more and more exhausted.
Straight forward payroll taxes nailed us for $35k
last year and the dozens of other taxes are often over-looked but also hitting
us harder and harder.
My wife works 14 hour shifts at her dialysis clinic 3
days a week and every other weekend. On the Tuesdays and thursdays she has off
she ends up resting half the day to give her poor feet a break since a nurse on
her feet 14 straight hours of continual busyness is exhausting.
On top of that, her company has had a pay freeze for
3 years, has dropped Holidays down to just 2 per year ( Thanksgiving and
Christmas of which she must work 1 of them), has canceled the reimbursement of
her CEU’s ( medical professionals are required to continue to
take schooling and classes for their entire career in order to renew their
licenses) –also they no longer match 401k’s and her
company health plan just bumped up $30 per week!!
I put in so many hours at times that when I get home
I am too tired to eat. I come home, change clothes/shower and go straight to
bed–this is not living. I try and keep up with my
volunteer work and rounds at our local nursing home but something is going to
have to give. My caseloads are growing and growing and people are making appts
2-3 weeks in advance. I never had a schedule so filled in advance before. I
usually have more long-term pt’s with needs of stroke, Parkinson’s,
traumatic brain injuries..but now ortho pt’s are
scheduling surgeries as to when I’ll have slots for hip replacement and
knee replacement rehab time.
I’m ground down and in the mean time
everything is getting more expensive, they keep taking more of my money I earn
and we are having all of our benefits cut or completely stopped.
All over this country, millions of hard working men
and women are slowly being worn down by jobs that are sucking the life out of
them. Working way too many hours for an extended period of time can have
dramatic consequences for your health, your family and just about every other
area of your life.
But for some Americans, there is simply no other
choice. There are millions upon millions of Americans that live on the
edge of financial disaster these days. According to one recent survey, 77
percent of all Americans live paycheck to paycheck at least
some of the time, and the middle class in the United States has been shrinking at a very steady pace in
recent years.
Many Americans are not working 60 or 70 hours per
week because they want to.
Many are doing it because that is what they must do
just to survive.
For example, a recent article posted on Economy In Crisis profiled a
mother of four up in Michigan named Lisa Bosworth who can't make ends meet for
her family despite working three jobs....
Bosworth remarried but her current husband, Ray, was
forced onto medical disability when a prescription medication caused health
problems. The couple, who had a fourth child together, struggle to support
their family on Lisa’s meager income.
Bosworth’s gross monthly income from working as
a classroom aide in Reeths-Puffer schools and doing two Chronicle newspaper
routes is $1,900. That amounts to $22,800 annually, nearly $5,000 below the
poverty level for a family of six.
When they run out of money near the end of each
month, Lisa and Ray Bosworth line up at one of several food trucks that visit
Muskegon each month.
Earlier this month, the couple and three of their
children waited in line at a food truck at Calvin Christian Reformed Church in
Norton Shores. Lisa Bosworth had just finished her two newspaper routes and was
clearly fatigued after another 70-hour work week. “I’m tired,” she said.
Today, there are more than 100 million Americans on welfare, and a
significant percentage of those people actually do have jobs. In fact,
some are working two or three jobs.
Working class Americans are working harder than ever,
but at the same time many of them are making less money than they once did.
This is putting an incredible amount of stress on
working class families.
In fact, it appears that a lot of Americans are
literally working themselves to death.
And as a recent CBS News article described, this
is particularly true for poor Americans that do not have much education....
Overall life expectancy has dropped for white
Americans who have less than a high school diploma to rates similar to those of
the 1950s and 1960s, new research finds.
The study found non-Hispanic white men without a
diploma lived on average until 67.5 in 2008, three years less than they did in
1990. The drop in lifespan was even bigger for non-Hispanic white women with
low education: They live five years shorter than 1990 rates, from 78 years old
to just 73.5.
This is a sign that our society is going
backwards. Working class Americans are actually living significantly
shorter lives than they used to.
Of course the garbage that passes for
"food" these days certainly is not helping matters any, but that is a
topic for another article.
Sadly, those that are working themselves to death
consider themselves to be the "lucky ones" in our society today.
There are countless millions of other Americans that
are sitting at home right now without a job.
The mainstream media is trying to convince us that
the unemployment rate has been falling, but that is a lie. If the labor
force participation rate was the same today as it was back when Barack Obama
first took office, the unemployment rate in the United States would be 11.2 percent right now.
But that doesn't sound nearly as good as 8.1 percent
sounds, right?
And the percentage of working age Americans with a
job is actually lower today than when the last recession supposedly
ended.
In this economic environment, most people are scared
to death of losing the jobs that they currently have because they don't know if
they will be able to get another one.
During the month of August, the unemployment rate
actually increased in 26 different U.S. states,
and yet we are supposedly in the midst of "an economic recovery".
But the truth is that we are not better off than we were back during the last
recession. In fact, there are a whole host of statistics that indicate
that things are getting worse.
Unfortunately, much of the time people tend to forget
that the horrible economic numbers that we are seeing have very substantial
real life consequences.
People that cannot find work and people that work
very long hours for a very long period of time tend to be much more depressed
than the population as a whole.
And depression can often lead to suicide.
According to a recent Daily Mail article, more
Americans now die from suicide than from car accidents....
Suicide is the cause of more deaths than car crashes,
according to an alarming new study.
The number of people who commit suicide in the U.S.
has drastically increased while deaths from car accidents have dropped, making
suicide the leading cause of injury death.
Suicides via falls or poisoning have risen
significantly and experts fear that there could be many more unaccounted for,
particularly in cases of overdose.
That is incredibly tragic, because there is never a
reason for anyone to commit suicide. One of the things that I have
learned in my own life is that there is always a way for things to be turned
around.
Yes, life can be very hard when you don't have much
money, but our lives should not be about chasing material things anyway. Our
lives should be about so much more than that.
If you are currently feeling overly tired and overly
stressed because you have been working too much, I encourage you to take a vacation.
We are only given one life to live. We
shouldn't spend it working ourselves to death.
So what do you think about all of this? Please
feel free to post a comment with your thoughts below....’
http://endoftheamericandream.com
http://albertpeia.com/usasurveillancegrid.htm
‘You are being watched. The control freaks that
hold power in the United States have become absolutely obsessed with
surveillance. They are constantly attempting to convince the American
people that we are all "safer" when virtually everything that we do
is watched, monitored, tracked and recorded. Our country is being
systematically transformed into a giant surveillance grid far more
comprehensive than anything George Orwell ever dreamed of. If you still
believe that there is such a thing as "privacy" in this day and age,
you are being delusional. Every single piece of electronic communication
is monitored and stored. In fact, they know that you are reading this
article right now. But even if you got rid of all of your electronic
devices, you would still be constantly monitored. As you will read about
below, a rapidly growing nationwide network of facial recognition cameras,
"pre-crime" surveillance devices, voice recorders, mobile backscatter
vans, aerial drones and automated license plate readers are constantly feeding
data about us back to the government...’
10 states stealing California's population { Stealing? I
don’t think so.
There’s really
nothing positive to say about california as a (w)hole! Only jersey is
worse! http://albertpeia.com/calihole.htm And, as recently as the Reagan ‘80’s that was
not nearly the case concerning california which has fallen far and fast. }
http://albertpeia.com/theresnoengineforglobalgrowth.htm
‘I’ve
(Summers) been skeptical about China for some time. While I do believe China
has made some serious economic progress as a country, I remain thoroughly
convinced that ultimately its economic “miracle”
will be much like that of the Soviet Union powerhouse in the late 20s:
apparently awesome in scope at the time, but a total fraud after the fact.
For one thing, China remains a control
economy. There is no history that I know of in which a controlled economy
works. The primary drivers of macro-economic growth are innovation,
technological adaptation, and increased efficiency.
In order to have this, you need to have
rule of law, strong education, openness to trade, and quality institutions to
establish credibility and uphold the rule of law.
China is big on trade and education, but
sorely lacking on quality institutions and rule of law. Just a few of the more
glaring items include:
1) China’s
obviously fraudulent economic data.
2) Rampant corruption of
Chinese Government officials (no rule of law).
3) A lack of individual
rights for Chinese citizens (again no rule of law)
4) A total lack of credible
institutions to maintain accounting standards, quality control, protection of
Intellectual Property, and the like.
One could easily argue that the US
suffers from some of these issues (indeed, every country in the world does).
However, the US remains, for the most part, a dynamic and open economy with
semi-credible institutions and which generally upholds the rule of law (I
remain convinced that those who committed fraud and broke the law leading up to
the Financial Crisis and since then will eventually be brought to justice).
China on the other hand experiences
corruption on a scale that is truly staggering to understand. More importantly,
the corruption is deeply intertwined with the economic growth story itself.
Consider the following story I recently
came across.
The Chinese Government wanted to build a
bridge in one of its many rural provinces. However, the retired government
officials (who happened to reside in the best real estate over looking the area
in question) complained that doing this would block their view. So the
Government… built a far more expensive tunnel
instead. It boosted GDP, kept the officials happy, but made absolutely no sense
what-so-ever.
A few other items of note:
1) In 2010 alone, 146,000
cases of corruption were launched in China (that’s 400 PER DAY).
2) How much these officials
stole is unknown. But… of the 14 cases that were actually
reported in the Chinese media, the average amount stolen was 18 MILLION RMB
(for perspective, the average college graduate in China earns 2,500 RMB per
year).
Now, no one knows how much money the
146,000 officials stole in 2010, but one report that was verified
stated that just 29 officials were caught stealing 647.18 million RMB that
year. Between that figure and the average theft of 18 million RMB the media
reports, it’s safe to assume that the 146,000
officials engaged in corruption probably stole a staggering amount of loot.
How staggering? Well let’s
look to history:
Between 1991-2011, it’s
estimated that between 16,000-18,000 Chinese officials fled China
taking 800 BILLION RMB (roughly $125 BILLION) with them. Bear in mind China’s entire GDP
was just 2.1 trillion RMB in 1991.
With this kind of insane corruption
combined with a desire to maintain ridiculous GDP numbers at all costs, quality
goes right out the window. Case in point, it’s
estimated that on average bribes comprise 5-10% of a given project’s
costs in China today.
Let me say that again…
if you are proposing a construction project in China, on average you’ll
need to allocate 5-10% of your costs towards bribing officials.
Small wonder then that many of the “projects”
behind China’s growth “miracle”
are falling to pieces… literally.
Collapse of New Bridge Underscores Worries About
China Infrastructure
One of the longest bridges in northern
China collapsed on Friday, just nine months after it opened, setting off a storm of criticism from
Chinese Internet users and underscoring questions about the quality of
construction in the country’s rapid
expansion of its infrastructure.
A nearly 330-foot-long section of a ramp
of the eight-lane Yangmingtan Bridge in the city of Harbin dropped 100 feet to
the ground. Four trucks plummeted with it, resulting in three deaths and five injuries.
The 9.6-mile bridge is one of three built
over the Songhua River in that area in the past four years. China’s economic
stimulus program in 2009 and 2010 helped the country avoid most of the effects
of the global economic downturn, but involved incurring heavy debt to pay for
the rapid construction of new bridges, highways and high-speed rail lines all
over the country.
Questions about the materials used during
the construction and whether the projects were properly engineered have been
the subject of national debate ever since a high-speed train plowed into the back of a
stopped train on the same track on July 23 last year in the eastern city of
Wenzhou. The crash killed 40 people and injured 191; a subsequent investigation
blamed in particular flaws in the design of the signaling equipment.
True, the US suffered a bridge collapse a
few years back, but in China these kinds of disasters are far more commonplace
than you would imagine.
Spate of bridge collapses trouble Chinese netizens
After three large bridges collapse in a single
month, Chinese internet users say “I told you so”.
A complete section of the Wuyi mountain
bridge in Fujian Province collapsed on July 15, killing a bus driver and
injuring 22 bus passengers. The following day, gaps appeared in the middle
section of the third Qianjiang River Bridge in Hangzhou, injuring a truck
driver…
All three bridges were built in the
mid-to-late 1990s. The Qianjiang bridge in Hangzhou was refurbished in 2005,
but minutes from a meeting of the local transportation bureau showed that an
incorrect ratio of sand to concrete was used in the maintenance, according to
the China Daily newspaper.
Internet users predicted the collapse of
the Qianjiang bridge several years ago. As early as 2007, posts on popular
internet forum Tianya pointed out that the ratio of sand to concrete used to
build the bridge was incorrect, according to the Beijing News. Other posts to
the forum pointed out that the bridge was built by the same company responsible
for a collapsed bridge in Hunan province, and advised drivers to avoid crossing
the bridge.
Low quality infrastructure may be caused
by corruption amongst officials responsible for overseeing construction
projects. The China Daily
reports that Zhao Zhanqi, an official responsible for the Qianjiang bridge
project, was sentence to life in jail in 2007 for taking over 6 million yuan in
bribes during the bidding for the bridge project and during its construction.
The world’s longest ocean bridge,
spanning 23 miles, opened in Qingdao, Shandong province last month. Chinese
internet users soon complained about the rushed construction of the bridge,
after pictures of easily loosened bolts and incomplete safety rails along the
bridge were posted online. Last year a bridge in Henan province collapsed,
killing 37 people.
The frequency of bridge collapses in
China leads to an attitude of cynicism among some sections of the public. “If
the bridges didn’t collapse, how else could we rebuild
them and boost our GDP?”, wrote one commentator on Chinese news website
Caixin.
http://asiancorrespondent.com/60253/shoddy-bridges-trouble-chinese-netizens/
For those of you who glossed over that
article, the key point is this: three
major bridges collapsed in a single month in China. The reason? Shoddy construction
courtesy of bribed officials.
My point with all of this is that the
China growth story has been dramatically overhyped in the Western media. So
with that in mind, we have to consider what impact this realization would have
on the capital markets.
Put another way, imagine if the world
found out that China’s growth and recovery post 2008 were
largely based on fraudulent data and garbage development projects fueled by easy
money and rampant corruption on the part of Chinese officials?
Imagine a world in which the China “miracle”
turns out to be the China “lie”? The bulls and those
desperate to claim that the world is in great shape would lose one of, if not the
key pillars of their a growth rgument.
Indeed, by some measures China is
considered the engine for the post-2008 recovery. So if this engine turns out
to be not only sputtering, but broken…
China’s steel mills braced for slowdown
Chinese steel traders are short on good
news these days. Prices for steel are falling, demand is poor, loans are hard
to come by, and no relief is in sight.
“There is just no demand,”
says one trader in the town of Tangshan. “It’s
much worse than [the last downturn] in 2008. In 2008 at least you had buyers talking to you. Not any more.”
The collapse of China’s
steel market has reverberated around the world: benchmark prices for iron ore,
a key steelmaking ingredient, have dropped to three-year lows of $89 a tonne,
down 24 per cent in the past month alone. China accounts for about 60 per cent
of global imports of iron ore, a market worth more than $100bn annually
worldwide and one that is essential for the profits of global mining houses
such as BHP Billiton, Rio Tinto and Vale of Brazil.
http://www.ft.com/cms/s/0/0db84534-f691-11e1-9dff-00144feabdc0.html#ixzz25cn4xBrh
So… unlike in 2008, steel
traders in China find people are not even talking to them.
We see similar signs of a collapse in
China in the form of iron ore prices, retail sales, oil demand, and on and on.
My point with all of this is that China
is no longer going to be an engine for economic growth. The reason stocks are
not showing this (at least in the US, in China the market is on the verge of
breaking a MAJOR trendline), is because of the Fed’s
money printing.
Indeed, this is something we all
need to be extremely worried about… because stagflation
becomes worse not better with money printing…
and both the Fed and the ECB have gone “all in”
to prop the markets up.
This is just one example of the slew of
Unintended Consequences we’re going to be facing as a result of the
Fed’s
actions. I’ve detailed several more (all of them far
worse than this) in my latest issue of Private Wealth Advisory,
published just last week.I’ve also detailed four special inflation
investments designed the profit from the Fed’s inflationary monetary
policies. These are unique investments that will outperform even Gold and
Silver as inflation takes off…Case in point, two of them are up 8% and
10% this week alone. And I expect all of them to be much higher in the coming
months.To find out what they are… and take action to prepare yourself and
your portfolio to face the coming Inflationary Storm, I highly recommend taking
out a subscription to my Private Wealth Advisory
newsletter.To learn more about Private Wealth Advisory
and find out more about our Special Inflation Portfolio comprised of
extraordinary inflation hedges that 99% of investors don’t
even know about…Click Here Now! Phoenix Capital Research’
Barron's slams Facebook, stock falls Facebook Inc.'s stock took a hit Monday
after an article in the financial magazine Barron's said it is "still too
pricey" despite a sharp decline since its initial public offering.
’…Though Facebook's stock has plunged since its May
IPO, Andrew Bary at Barron's said the stock trades at "high multiples of both
sales and earnings, even as uncertainty about the outlook for its business
grows."At issue is the shift of Facebook's massive user base to mobile
devices. The company is still figuring out how to advertise to people who use
their mobile phones and tablet computers to access the social network. Bary
said success in the mobile space is "no sure thing" for the company.
Mobile ads must fit into much smaller screens, which doesn't give Facebook
"much room to configure ads without alienating users," Bary
said.Facebook also has what Bary called "significant" stock-based
compensation expenses. Last year, the company issued $1.4 billion worth of
restricted stock and $1 billion so far this year, he noted. Yet technology
companies such as Facebook "routinely encourage analysts to ignore
stock-based compensation expense — and most comply. This dubious approach to
calculating profits is based on the idea that only cash expenses matter,"
Bary wrote. "That's a fiction, pure and simple."Menlo Park,
Calif.-based Facebook's stock fell $2.03, or 8.9 percent, to close at $20.83 on
Monday. The company went public on May 18 at a share price of $38, which it has
not matched since…’
Submitted by Tyler
Durden on 09/24/2012
If you answer 'yes' to more than five of the questions below, you might
be a conspiracy theorist. You also may be on the government’s terror
watch list. Be very alarmed and report it to the authorities immediately
should you discover your neighbors engaged in such uncivilized thought.
Submitted by Tyler
Durden on 09/24/2012
In the aftermath of the recent
stories about Tungsten-filled 10 ounce gold bars discovered in midtown
Manhattan, there have been two broad sentiments expressed by the precious
metals community: i) that this is as many have expected, and that of the
physical inventory in circulation, much is fake (particularly that held in
official hands, either via ETFs or in sovereign repositories which for various
reasons still can not be publicly assayed) and ii) is the comfort that while it
is relatively easy and cost-effective to use tungsten to falsify larger gold
bars and bricks, those who own primarily gold coins are safe as for some
reason, it is less economic, feasible or widespread to counterfeit smaller
precious metal denominations. Sadly, while i) may be true, ii) is patently
false. The proof comes courtesy of a firm called ChinaTungsten Online which proudly
markets its broad "tungsten-alloy services" including, you guessed
it, the gold plating of various tungsten formulations among them
"gold" bricks, bars and, yes, coins. Oh did we mention a Chinese
company openly advertizes its
tungsten gold-plating and precious metals replication services, something which
the tabloid
media's CTRL-C/V majors openly mock as improbable conspiracy theory. Well,
as they say, it is only conspiracy theory until it becomes conspiracy fact.
Submitted by Tyler
Durden on 09/24/2012
With global growth slowing, global trade tumbling,
and earnings revisions falling rapidly, equity market outperformance has been
(as we
noted earlier) based on the Fed/ECB's largesse. The unanswered question is
- how much is now priced in? Given recent 'stability' post-FOMC, it seems the
follow-through is not there (especially if we look at sectoral
performance) and based on David Rosenberg's estimate of Fed QE's impact on
stocks, we think we know why. In
the last three months, the S&P 500 has 'outperformed' the Fed balance sheet
by around 220 points - which equates to a pricing-in of around
11 months of additional QEternity.
Submitted by Tyler
Durden on 09/24/2012
UPDATE: CAT is sliding AH after noting higher chance of
recession and cuts 2015 EPS guidance from $15-20 to $12-18 - Slide attached
Following Friday's two-year high volume levels on the
NYSE - as OPEX and rebalancing dominated - today saw reversion to the dismal
mean in both cash and futures market volumes. It seems sell-the-news was the
meme today as builders (LEN earnings exuberance) and AAPL (less than whisper
sales) sold off and broadly speaking we saw the month/quarter's winners lagging as safety and stability lead the way.
Submitted by Tyler
Durden on 09/24/2012
It looks like someone took a page from the Bernanke
open-ended playbook, who when tasked by Chuck Schumer to "get
to work, Mr. Chairman", and realizing his job is on the line,
literally bet the Fed's political ranch on the biggest liquidity tsunami ever
conceived in Keynesian history with consequences which as Gary Kaminsky
explained earlier, will be akin to a Kamikaze pilot, if one who has over 310
million passengers. That someone was one or more German safecrackers in the
town of Nottuln-Darup, who were eagerly pursuing their New Normal patriotic
duty to release some bank reserves into broad circulation by blasting through a
safe on Sunday night, when they used some extra laced C-4, in the process blew
up the entire bank, shattering windows across the street, and causing hundreds
of thousands of euros worth of damage. Perhaps this, more than anything, is
the best visual of just what Bernanke's attempt to unclog the "bank
plumbing" will look like in the end, even better than Zimbabwe
coordinated 1
million man flush. The silver lining: at least they added to German GDP: if
today's Ifo number is any indication, Germany desperately needs it.
Submitted by Tyler
Durden on 09/24/2012
QE3 is more like a longer but lighter version of QE1
Extension (given its size and composition) and as Morgan Stanley's Adam Parker
points out, despite two outsized weeks of MBS buying the impact had a much more
positive affect on HealthCare and Financials than on Technology and
Discretionary sectors (though with oil prices already high this time - the
negative feedback into the economy and equity markets is potentially different).
However, as we noted
recently, it seems fundamentals matter less than ever as S&P 500 return
correlations to the Fed balance sheet are as high as ever and while hope
springs eternal, unconventional policy remains a far more statistically
significant driver of equity performance than European sovereign spreads,
jobless claims, or even earnings revisions. Critically, the S&P 500 would be dramatically lower
given over a year of rolling six-month negative returns if we adjust for the
Fed's exuberance - and the symmetry of market-to-Fed reactions bodes ill for
any deceleration in balance sheet expansion. So it truly seems
to be QEternity or bust.
Submitted by Tyler
Durden on 09/24/2012
As we reported
earlier, Camden may be broke, the local police may now be history,
unemployment may be 50%, it may be nothing more than one big crack cocaine
depot and driving through downtown at less than 88 mph may be hazardous to your
health, but that wasn't always the case. In fact, back in 2009 the city had
enough money to afford billboards. Such as this one on the intersection of Dr
Charless Brimm Blvd and S. Broadway, courtesy of Google
StreetView (sorry iPhone 5 users: you can't see this). Brought to you by www.joncorzine09.com
Submitted by Tyler
Durden on 09/24/2012
"Do not play with the feelings of the
Catalans" is the totally unveiled threat after Catalonia's
beggars-can-be-choosers demand for an unconditional bailout fell on deaf
ears. The traditionally separatist-minded province has decided, according to ANSAmed,
has decided to pull a Greece - and escalate with a move to secession. A
resolution, on the right of the Catalan
people to cut off ties with the Spanish state, will be voted on
Thursday by the regional parliament. This statement of "the will of
Catalan people to vote on the bond with the State of Spain" opens the way
for forthcoming elections on November 25 to become a referendum on the
sovereignty of Catalonia. The Spanish military are not taking this lying
down with the counter-threat that these 'separatists' and their 'inappropriate and unacceptable' threat
to break-up Spain shall be, according to El
Economista, charged with high treason. We are sure
Draghi has a 'grand plan' for this.
Submitted by Tyler
Durden on 09/24/2012
As we noted on several occasions in the past ten
days, as a result of QE3 and its imminent transformation to QE4, which will
merely be the current monetization configuration but without the sterilization
of new long-term bond purchases, the Fed's balance sheet is expected to grow by
over $2 trillion in the next two years. This also means that the matched
liability on the Fed's balance sheet, reserves and deposits, will grow by a
like amount. So far so good. However, as Bank of America points out today,
there may be a small glitch: as a reminder on December 31, 2012 expires the
FDIC's unlimited insurance on noninterest-bearing transaction accounts at which
point it will revert back to $250,000. Currently there is about $1.6 trillion in
deposits that fall under this umbrella, or essentially the entire amount in new
deposit liabilities that will have to be created as a result of QEternity. The
question is what those account holders will do, and how will the exit of
deposits, once those holding them realize they no longer are government credit
risk and instead are unsecured bank credit risk, impact the need to ramp up
deposit building. One very possible consequence: negative bill rates as far as
the eye can see.
Submitted by Tyler
Durden on 09/24/2012
It is always amazing to observe how people become less
risk averse after risk has markedly increased and more risk averse
after it has markedly decreased. The stock market is held to be 'safe' after it has risen for many weeks or
months, while it is considered 'risky' after it has declined.
The bigger the rally, the safer the waters are deemed to be, and the opposite
holds for declines. One term that is associated in peoples' minds with rising
prices is 'certainty'. For some reason, rising prices are held to indicate a
more 'certain' future, which one can look forward to with more 'confidence'.
'Uncertainty' by contrast is associated with downside volatility in stocks. In
reality, the future is always uncertain. Most people seem to
regard accidental participation in a bull market cycle with as a kind of guarantee
of a bright future, when all that really happened is that they got temporarily
lucky. Perma-bullish
analysts like Laszlo Birinyi or Abby Joseph Cohen can be sure that they will be
right 66% of the time by simply staying bullish no matter what happens.
This utter disregard of the risk-reward equation can occasionally lead to
costly experiences for their followers when the markets decline.
Submitted by Tyler
Durden on 09/24/2012
All we can say is that the need for the Derek
Zoolander Center For Kids Who Can't Read Good And Wanna Learn To Do Other Stuff
Good Too has never been greater. At least the data below explains why the
Chairsatan will soon monetize SAT scores and his infatuation with morer,
greaterest QEternity+1...
Submitted by Tyler
Durden on 09/24/2012
Never try to teach a pig to sing, advised Robert
Heinlein. It wastes your time and it annoys the pig. Similarly, never try
to convince a central banker that his policies are destructive. After five
years of enduring crisis, market prices are no longer determined by the
considered assessment of independent investors acting rationally (if indeed
they ever were), but simply by expectations of further monetary stimulus.
So far, those expectations have not been disappointed. The Fed, the ECB
and lately even the BoJ have gone “all- in” in their fight to ensure that after a grotesque
explosion in credit, insolvent governments and private sector banks will
be defended to the very last taxpayer. Conventional wisdom is that such
moves are justified during this period of economic slowdown, as everyone
agrees that the market is ’deleveraging’. But as the consistently excellent Doug
Noland points out, this idea of deleveraging (i.e. reduction of
available credit) in the US is a myth.
Submitted by Tyler
Durden on 09/24/2012
In a little under four minutes, CNBC's Gary Kaminsky
provides a voice of reason amid the
'Gold-and-Bonds-are-in-a-bubble-but-Apple-is-awesome' meme. Reflecting on some
of the mind-blowingly crazy statistics of this market's recent inexorable rise,
central bank balance sheet eruptions, and valuations; Kaminsky (an ex-PM as
opposed to 'reporter') provides six clarifying words: "We know this will end ugly!"
From the lack of credibility of any Fed exit, to the explosion of the monetary
base, Gary moves back and forth from Japan as an ever-more-obvious template for
our path past the Keynesian endpoint. Finally, he concludes that: "Bernanke is a kamikaze pilot...
experimenting [in monetary policy] and is destined to fail."
Submitted by Tyler
Durden on 09/24/2012
Global economic fundamentals are awful, bearish
divergences are occurring everywhere, investor sentiment is nearing bullish
extremes, political risks remain high and last week's market performance can be
summed up in four words - 'lack
of follow through'. As Gluskin Sheff's David Rosenberg
explains, more than
two-thirds of the rally points the stock market has enjoyed since the
summer-time lows occurred around central bank policy announcements.
So the market is really a one-trick pony here, breathing in the fumes of
central bank liquidity. What was supposed to happen, as the elites told us,
was that the lagging hedge funds were going to throw in the towel and chase
this market. Everyone expects this to be a major source of buying power.
At the same time, what if the bulls who lucked out this year because they
hung onto Ben Bernanke's arm decide to take profits or at the least lock in
their gains? CRitically, as Rosie details, QE3 is occurring at a different
point in the cycle this time and insomuch as it helps invogorate already rising
'animal spirits' we suspect it has missed the baot.
Submitted by Tyler
Durden on 09/24/2012
While the stock market in the US continues to surge
(if not so much in China where the composite is back to 2009 lows) as the
relentless liquidity tsunami makes its way into stocks, and other Fed
frontrunning instruments, and
only there, reality for everyone else refuses to wait. Last
week we saw reality striking in Greece, where a section of Athens literally
shut down after it ran out of all cash. Today, reality comes to the US, and
specifically its poorest city, Camden, which is a twofer, doubling down also as
America's deadliest city. It turns out Camden is about to become even
deadliest-er, as its police force is set to be disbanded following a budget
crisis in this effectively insolvent city.
The
Fed Is Systematically Destroying Social Security And The Retirement Plans Of
Millions Posted by : ilene
Post date: 09/24/2012 - SS Ponzi is approaching a
cliff.
Who
Are You Going To Believe, The Biased, Apple Adoring Press Or Your Lyin'
Eyes???? Posted by: Reggie Middleton Post date: 09/24/2012 - As I anticipated, the iPhone 5 looks to mark
the Zenith in Apple's acsent to smartphone dominance...
There's
No Engine for Global Growth Pt 2 (Europe) Posted by:
Phoenix Capital... Post date: 09/24/2012 - Meanwhile, pretty much all of Europe is in
recession now, including Germany. True, the ESM bailout fund has been ratified…
but the question remains who actually has funds to...
Submitted by Tyler
Durden on 09/24/2012
"We have decided to focus on return... we need a certain level of
return no matter how the market condition is" is how the
general manager of Japan's Teachers' Mutual Aid pension fund justifies their
plan to push JPY100bn (of their JPY600bn) into riskier assets from J-REITs to
hedge funds. As Bloomberg
notes, the firm is adopting a new strategy designed to counter a decline in
the value of traditional equity and bond asset classes. Notably, following last
week's Illinois pension-fund target return markdown, the Japanese fund targets
only 3-5% thanks to QE8 and two decades of repression and stumble through. Even
achieving these targets means throwing out the 'risk' side of the equation as
they push into foreign bonds (cue next European sovereign bond rumor)
and chase momentum in Tokyo real estate (TSEREIT up 19% YTD). Haven't we seen
this picture before - and it didn't end well?
Submitted by Tyler
Durden on 09/24/2012
In a system that depends on lies and the credulity of the citizenry,
the greatest lie is that the Federal Reserve's "quantitative easing"
bailouts of the banks somehow help our citizens and communities. To clarify
this, ask yourself this question: what else could we have bought with the $29 trillion the Fed loaned or
backstopped to the banks? If you enjoy quibbling about
the total sum of Fed support, be my guest; the Levy Institute came up
with $29 trillion after poring over all the data, while the Government
Accountability Office’s (GAO) tally topped $16 trillion. That's 100% of the
nation's GDP and roughly 100% of the $16 trillion national debt. While we're asking about opportunity costs,
let's ask what else we could have bought with the $10 trillion that the Federal
government has borrowed and blown in the past 11.7 years. The
national debt was $5.727 trillion when G.W. Bush was sworn into office on
January 20, 2001. It had risen to $10.626 trillion when President Obama was sworn
into office in January, 2009. It is now $16.016 trillion, an increase of $5
trillion in less than four years in "debt held by the public" (i.e.
the Chinese central bank, the Japanese central bank, the Federal Reserve, etc.)
Submitted by Tyler
Durden on 09/24/2012
Curious what geopolitical developments traders are
looking at? Here is a complete summary, in under 30 seconds, courtesy of the
Chairman of the Fermentation committee.
Submitted by Tyler
Durden on 09/24/2012
In the spirit of the European Bank Stress Tests and
in the continuum of the Ring around the Rosie concocted by Brussels we are about to be handed another slew of
numbers that will show that Spain is fine, prospering and
running along just with no difficulties at all; thank you. This data is being
prepared by the German firm Oliver Wyman, the German consulting firm. You may
recall that we were supposed to have audited financials by the end of
September, which was promised by Spain, however that was apparently canceled
and there is no such audit underway. So much for the promises of Spain. We can
tell you now, with surety, that the
evaluation that we will be handed by Oliver Wyman will have all of the value of
the paper found in the 'banos' of any restaurant in Madrid.
Submitted by Tyler
Durden on 09/24/2012
Shortly after posting
the latest "balance sheet" of the US consumer we received
requests to show how this looks in a global context, in other words, what do
the balance sheets of the global households outside of the US look like. We
show what this look like below, courtesy of the Bank of Japan, which presents
the distribution of household financial assets in context then (5 years ago)
and now. It also shows why whereas to Joe Sixpack the level of the S&P is
the most important, with 32% of total assets in stocks, in Japan and in Europe,
the average person could not care less where the stock market is, with just
6.5% and 14.7% of assets held in equities. The US E-Trade baby: keeping the
Ponzi dream alive.
Submitted by Tyler
Durden on 09/24/2012
While Nomura's Bob Janjuah remains 100% correct in his
diagnosis and prognosis of the current 'grossest misallocation and
mispricing of capital in the history of mankind', his tactical short was
stopped out last week. The modest loss on the position though provided clarity
on the importance of the 1450 level for the S&P 500 and he remains
confident that on a multi-month timeframe he expects 800 to be hit with only a muted 10% possible
upside in global equities due to underlying growth, debt and policy-maker
concerns. Critically, he suggests it is premature to go aggressively short risk
at this precise moment, urges traders to stay nimble, and warns "...risk assets are in a bubble which
of course can extend, but which can reverse sharply and suddenly. Up here,
'valuation metrics' are not going to help much... this bubble could extend for
maybe a few months and by up to 10%, ...but that we could see global equity
markets 10/15% lower in virtually a 'heartbeat'."
Submitted by Tyler
Durden on 09/24/2012
There was much riding on the Apple update for the
first weekend sales from the new iPhone 5 and here they are.
This number would be great if only it wasn't 50% off the highest whisper
estimate of up to 10 million sales in the weekend. It is also the reason why
the stock is now sliding down well over 2%, threatening to light the AAPL hedge
fund hotel on fire.
Submitted by Tyler
Durden on 09/24/2012
Confirming the dismal picture of advanced economy
import and export declines we
discussed yesterday, the following chart provides everything you need to know about the
world's economic quagmire but were afraid to ask. Of course,
all the time the central-printers of the world are willing to debauch
themselves there will be momentum-chasing monkeys to maintain the blue-pill
illusion of a healthy stock market as indicative of a healthy economy - but
should you choose to swallow the red pill, this chart of a plunging global
trade volume may raise anxiety levels a little above their current multi-year
lows.
Submitted by Tyler
Durden on 09/24/2012
Ray Dalio, founder and co-chief investment officer of
Bridgewater Associates, L.P. and one of the most successful hedge fund managers of all time told
Maria Bartiromo last week that he owns gold and that he sees no “sensible reason not to
own gold”. The interview was part of the Council
on Foreign Relations (CFR) Corporate Program's CEO Speaker Series, which
provides a forum for leading global CEOs to share their priorities and insights
before a high-level audience of wealthy and influential CFR members. The respected hedge fund manager suggested
that a depression and not a recession was likely and warned of social unrest
and the risk of radical politics as was seen with Hitler and the Nazis in the
Depression of the 1930’s. Dalio spoke
about how “gold is a currency” and when
asked by Bartiromo “do you own gold?”, he smiled
and said “Oh yeah, I do.” The
admission elicited a laugh from the CFR audience. Dalio’s interview
is important as it again indicates how slowly but surely gold is moving from a
fringe asset of a few hard money advocates and risk averse individuals to a
mainstream asset. Wealthier people and some of the wealthiest and most
influential people in the world are slowly realising the importance of gold as
financial insurance in an investment portfolio and as money. This will result
in sizeable flows into the gold market in the coming months which should push
prices above the inflation adjusted high of 1980 - $2,500/oz. The interview
section where Dalio is asked about gold by an audience member begins in the
43rd minute and can be seen here.
Submitted by Tyler
Durden on 09/24/2012
Just when we thought Europe has already used the
kitchen sink and then some in its arsenal of bailout ideas, here comes Spain
proving there is always "something else." Bloomberg reports that the
insolvent country which is not really insolvent as long as people keep buying
its bonds on hopes it is insolvent, is launching "lottery bonds". To
wit: Spain to sell bonds through state-run lottery operator to fund regional
bailouts, two people familiar with the matter told Bloomberg’s Esteban
Duarte and Ben Sills. The issue is part of €6 billion financing through Sociedad Estatal Loterias
& Apuestas del Estado which is raising syndicated loan. Loterias official
said financing details haven’t been completed. In other words, the national
lottery, which as in Spain so everywhere else, is nothing
but an added tax on a country's poor population but one which provides at
least a tiny hope of a substantial repayment (which never happens for the vast,
vast majority of players) so few actually complain about paying it, is about to
shift the bailout cost to the nation's poorest. Who benefits? Why Spiderman
towel makers of course. And insolvent banks.
Submitted by Tyler
Durden on 09/24/2012
Risk-averse sentiment dominated the first half of the
session today, as market participants digested yet another disappointing macro
economic data release from Europe (German IFO), which fell for a fifth
consecutive month. In addition to that, EU’s Van Rompuy said that he sees tendency of losing the
sense of urgency, likely pointing the finger at Spain which is yet to request
monetary assistance to prevent another speculative attack. It remains unclear
when the official request will be made, but there is a risk that the
application will only take place after regional elections in late October or
even after the Eurogroup meeting in November. Finally, German finance ministry
spokesman said that leveraging the ESM to EUR 2trl, as reported by Der Spiegel
over the weekend, is not realistic and called the report completely
illusionary. As a result, peripheral bond yield spreads are wider, with Italian
bonds underperforming as markets prepare for this week’s supply
from the Treasury. Heading towards the North American cross over, EUR/USD is
seen lower by around 75pips and is trading in close proximity to the 1.2900
level, with bids said to be placed below. Talk of dividend related buying in
GBP/USD, as well as EU budget related selling in EUR/GBP by two different UK
clearers helped support GBP/USD. Going forward, there are no major economic
releases set for the second half of the session, but the BoE will conduct its
latest APF and the Fed will buy between USD 1.5-2bln in its latest POMO.
Submitted by RANSquawk
Video on 09/24/2012
Submitted by Tyler
Durden on 09/24/2012
Submitted by Tyler
Durden on 09/24/2012
The last time we saw a bevy of regurgitated European
rumors shortly refuted
was last Friday. Today we get a redux, following a hard push by none other
than Spiegel (precisely as we predicted
a month ago: "And now, time for Spiegel to cite "unnamed
sources" that the EFSF is going to use 3-4x leverage") to imagine a
world in which the ESM can be leveraged 4x to €2 trillion. This is merely a replay of last fall when
Europe's deus ex for 2 months was clutching at a cobbled up
superficial plan of 3-4x EFSF leverage, which ultimately proved futile. Why?
Because, just like in 2011, one would need China in on this strategy as there
is simply not enough endogenous leverage in either the US or Europe which would
make this plan feasible. And China, we are sad to say, has a whole lot of its
own problems to worry about right about now, than bailing out the shattered
dream of a failed monetary unions still held by a few lifelong European
bureaucrats, which this thing is all about. As expected, moments ago Germany
refuted everything. Via Reuters:
"Germany's finance ministry said on Monday that talk of the euro zone's
permanent bailout fund being leveraged to 2 trillion euros via private sector
involvement was not realistic, adding that any discussion of precise figures
was "purely abstract." This also explains why we devoted precisely
zero space to this latest leverage incarnation rumor yesterday: we were merely
waiting for the refutation.
Submitted by Tyler
Durden on 09/23/2012
Some wonder why we have been so convinced that no
matter what happens, that the Fed will have no choice but to continue pushing
the monetary easing pedal to the metal. It is actually no secret: we explained
the logic for the first time back in March of this year with "Here
Is Why The Fed Will Have To Do At Least Another $3.6 Trillion In Quantitative
Easing." The logic, in a nutshell, is simple: everyone who looks at
modern monetary practice (as opposed to theory) through the prism of a 1980s
textbook is woefully unprepared for the modern capital markets reality for one
simple reason: shadow banking; and when accounting for the ongoing melt of
shadow banking credit intermediates, which continues to accelerate, the Fed has
a Herculean task ahead of it in restoring consolidated credit growth. Shadow
banking, as we have explained many times most
recently here, is merely an unregulated, inflationary-buffer (as it has no
matched deposits) which provides the conventional banking credit
transformations such as maturity, credit and liquidity, in the process
generating term liabilities. In yet other words, shadow banking creates credit
money which can then flow into monetary conduits such as economic
"growth" or capital markets, however without creating the threat of
inflation - if anything shadow banks are the biggest systemic deflationary
threat, as due to the relatively short-term nature of their duration exposure,
they tend to lock up at the first sing of trouble (see Money Markets breaking
the buck within hours of the Lehman failure) and lead to utter economic mayhem
unless preempted. Well, preempting the collapse in the shadow banking system is
precisely what the Fed's primary role has so far been, even more so than
pushing the S&P to new all time highs. The problem, however, as we will
show today, is that even with the Fed's balance sheet at $2.8 trillion and set
to rise to $5 trillion in 2 years, it will not be enough.
Submitted by Tyler
Durden on 09/23/2012
It should come as no surprise - to anyone but the
most whocouldanode crowd - but global trade volumes are slowing notably,
and surprise surprise, Europe is leading the lag. Between the total lack of any
sustainable trade advantage that the PIIGS suffer from (discussed
here) and recent outlook cuts from FedEx and UPS (detailed
here), it is not a shock that the following detailed charts of Import and Export volumes for China, US,
Japan, and Europe are starting to drop notably. Just as we
pointed out here, Europe remains the hub of around half of World Trade
and as is clear, the myth of decoupling among the world's largest economies is
smoke-and-mirrors as it is a lead-lag relationship that is now proven to be
entirely un-decoupled as 'obviously' the import and export sides of the world's
imbalanced economies show trade is falling in a hurry.
Submitted by Tyler
Durden on 09/23/2012
There was a time about
a year ago, before the second Greek bailout was formalized and the haircut
on its domestic-law private sector bonds (first 50%, ultimately 80%, soon to be
100%) was yet to be documented, when it was in Greece's interest to
misrepresent its economy as being worse than it was in reality. Things
got so bad that the former head of the Greek Statistics Bureau Elstat, also a
former IMF employee, faced
life in prison if convicted of doing precisely this. A year later, the
tables have turned, now that Germany is virtually convinced that Europe can
pull a Lehman and let Greece leave the Eurozone, and is merely looking for a
pretext to sever all ties with the country, whose only benefit for Europe is to
be a seller of islands at Blue Aegean water Special prices to assorted Goldman
bankers (at least until it renationalizes them back in a few short years). So a
year later we are back to a more normal data fudging dynamic, one in which
Greece, whose July unemployment soared by one whole percentage point, will do everything
in its power to underrepresent its soaring budget deficit. Case in point, on
Friday the Finance Ministry proudly announced its budget deficit for the first
eight months was "just" €12.5 billion, versus a target of €15.2
billion, leading some to wonder how it was possible that a country that has
suffered terminal economic collapse, and in which the tax
collectors have now joined everyone in striking and thus not collecting
any tax revenue, could have a better than expected budget deficit. Turns
out the answer was quite simple. According to Spiegel, Greece was lying about everything all along, and
instead of a €12.5 billion deficit, the real revenue shortfall is nearly double this,
or €20 billion, a number
which will hardly incentivize anyone in Germany to give Greece the benefit of
another delay, let along a third bailout as is
now speculated.
Submitted by Tyler
Durden on 09/23/2012
Following the riots at Apple's FoxConn Chengdu plant
in June, engadget
is reporting that FoxConn's
Taiyuan plant - the scene of earlier strikes over salary disputes back in March
- has suffered damage as workers riot. Police are on site to
control the crowd and while the motive is not clear, it is apparently unrelated
to the recent anti-Japan protests. It appears - based on the clip and photos
below - that much damage has been done in the process.
Submitted by Tyler
Durden on 09/23/2012
The weekly summary of all charts of note, which again belong neither
here nor there, yet which all have a story to tell.
Submitted by Tyler
Durden on 09/23/2012
We have discussed the CRIC cycle a number of times -
especially with regards Europe - but it seems the never-ending story of Crisis-Response-Improvement-Complacency
has struck once again as Morgan Stanley notes when complacency becomes
pervasive, it usually gives way to a renewed crisis. Complacent financial
markets appear to be looking through the fact that the global economy remains stuck in a 'twilight
zone' between expansion and recession. Dismissing weak PMIs in
China and EU, markets have feasted in QEternity and OMT and this has, as
expected, affected European policy-makers (e.g. ongoing disagreements over the
details of the much-anticipated negative-feedback-loop-breaking banking union;
and Spain/Italy's 'belief' they can avoid an ESM 'austerity' program). This
feels eerily like the March/April period when post-LTRO improvements induced
euphoria in traders and governments/ECB to relax prematurely and as Brevan
Howard explains below - every
major developed economy is facing significant downside risks - no matter how
enthusiastic markets appear to be.
Submitted by Tyler
Durden on 09/23/2012
A few days ago, our
report on the discovery of a single 10 oz Tungsten-filled gold bar in
Manhattan's jewelry district promptly went viral, as it meant that a
tungsten-based, gold-counterfeiting operation, previously isolated solely to
the UK and Europe, had crossed the Atlantic. The good news was that the
counterfeiting case was isolated to just one 10 oz bar. This morning,
the NYPost
reports that as had been expected, in the aftermath of the realization that
the sanctity of the gold inventory on 47th Street just off Fifth Avenue has
been polluted, and dealers promptly check the purity of their gold, at least ten more fake 10-ounce "gold
bars" filled with Tungsten has been discovered.
More
Americans now commit suicide than are killed in car crashes
Daily Mail |
Miserable economy takes its toll in human lives.
The
Fed’s US Land-Grab Hidden Within Purchase of Mortgage-Backed Securities
Susanne Posel | As of
August 9th of this year, the banks are legally allowed to co-mingle customer
segregated funds with their own, just like Jon Corzine.
Gold
Counterfeiting Goes Viral: 10 Tungsten-Filled Gold Bars Are Discovered In
Manhattan
Zero Hedge
| At least ten more fake 10-ounce “gold bars” filled with Tungsten have been discovered.
More
Americans now commit suicide than are killed in car crashes as miserable
economy takes its toll
UK Daily
Mail | Suicide is the cause of more deaths than car crashes, according to an
alarming new study.
The
Fed Has Another $3.9 Trillion In QE To Go (At Least)
Zero Hedge
| Some wonder why we have been so convinced that no matter what happens, that
the Fed will have no choice but to continue pushing the monetary easing pedal
to the metal.
Panic
cash withdrawals in Spain drain banks; Greece-style economic implosion now
imminent
Natural
News | Spain appears poised to become the next Greece.
Paper
Money May Be Hurting Your Health, As Well As Your Wealth
Washington’s Blog |
Fiat Money May Be Putting Your Wealth On a Diet … But It May Be Making YOU Fat.
(9-24-12) Dow
13,559 -21 Nasdaq
3,161 -19 S&P 500
1,456 -3 http://albertpeia.com/todaysbusinesssummarylinks.htm
[CLOSE- OIL $92.07 (-54% for year 2008)
(RECORD TRADING HIGH $147.27) GAS
$3.83 (**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 $4.15 REG./ $4.25 MID-GRADE/$4.34
PREM./ $4.46 DIESELL) / GOLD $1,765 (+24% for year 2009)
/ SILVER $33.99 (+47% for year 2009) / PLATINUM $1,617 (+56% for year
2009) Metal News for
the Day / DOLLAR= .77 EURO, 77 YEN,
.61 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 10YR NOTE YIELD 1.74% 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!
http://albertpeia.com/economiccollapseplusrisinginflation.htm
http://albertpeia.com/21factsamericasdecayinginfrastructure.htm
100 DAYS UNTIL LARGEST TAX HIKES IN HISTORY... http://albertpeia.com/taxmaggedon.htm
Romney releases 2011 tax return, paid IRS 14.1 percent {
Average for americans is 13% … let’s talk about wobama’s record … of
unequivocal failure … the real, ineluctable and ultimate issue he’s been trying
to divert attention from … People must realize 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
(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 now
greater than ) $211
trillion’ … ) }
President Obama Falsely Claims Fast and Furious Program "Begun
Under the Previous Administration"
Obama's
Legacy: A Failed Recovery & Double-Dip Recession Forbes / Mariotti ‘…At some point, his statute of
limitations on blaming Bush runs out…’
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!
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 jackson, jr., suffers from psychological disorder(s).
Indeed, at the least, from psychogenic/dissociative amnesia that makes the
aforementioned facts beyond the grasp of his ‘current unreality’. I also
believe that his heavy near everyday powerful pot (choom) use took its toll on
his cognitive functions that have facilitated his outlandish claims and
outright fabrications; exactly what the nation cannot afford in these
critical/perilous times! }
Obama Blames GOP for Inability to Pass Immigration Reform {
Riiiiight! Along with all wobama’s other broken campaign promises, some within
his executive branch exclusive control, ie., those promised prosecutions of the
biggest wall street frauds that never came, etc.. Always somebody else’s fault
according to wobama the no accountability man, who motto is the debased buck
stops with anyone but him. How pathetic! }
100 DAYS UNTIL LARGEST TAX HIKES IN HISTORY... http://albertpeia.com/taxmaggedon.htm
Dumb money sees a rally, so gird for a dip
84
Statistics That Prove The Decline Of The Middle Class Is Real And That It Is
Getting Worse
By Michael Snyder, on August 23rd, 2012
http://albertpeia.com/84statsdeclinemidclassrealgettingworse.htm
http://albertpeia.com/americanmaterialism.htm
{ When it
comes to american fortunes especially; particularly, ie., fraudulent wall
street-made fortunes, though otherwise with some exceptions, that old adage
displayed at the beginning of one of Francis Ford Coppola’s masterfully done
mafia movies, viz., ‘Behind every fortune a crime’, is apposite. }
http://albertpeia.com/qeconsequences.htm
The richest and poorest U.S. cities by income http://albertpeia.com/25uscitiesbyincome.htm
10
Quotes From Financial Experts About The Effect That QE3 Will Have On Gold And
Silver
http://albertpeia.com/10quotesfromfinancialexpertsreqe.htm
http://albertpeia.com/rainmanhelicopterbensdirtylaundry.htm
http://albertpeia.com/mittalsosaid.htm
http://albertpeia.com/shorttermthinkinglongtermpain.htm
{ The
problem is, it’s not even sound short-term thinking. Oh sure, the fraudulent
churn and earn markets are loving this, yet some see this ‘non-economic’,
costly obfuscating scam for its real effect and detriment; ie., Egan-Jones downgrades U.S. rating on QE3 move , etc.. }
http://albertpeia.com/10shocksregardingwhatqe3willdotous.htm
Dave’s
Daily: http://etfdigest.com { Anti-American fury sweeps across an inflamed Muslim world {
Despite casting this as being over a film, it’s not just
the film; but as well, blowback for innumerable policy missteps that ultimately
included direct or indirect acts of violence/aggression. These people are not
blind, nor are they utter fools despite america et als’ foolish
assumptions and presumptions to the contrary. } [ Guest
Post: This Is Blowback
ZeroHedge.com The YouTube video depicting Mohammed is nothing more than
the straw that broke the camel’s back. This kind of violent uprising against
American power and interests in the region has been a long time in the making.
It is not just the continuation of drone strikes which often kill civilians in
Pakistan, Yemen, Somalia and Afghanistan, either. Nor is it the American
invasions and occupations of Iraq and Afghanistan. Nor is it the United States
and the West’s support for various deeply unpopular regimes such
as the monarchies in Bahrain and Saudi Arabia (and formerly Iran). Nor is it
that America has long favoured Israel over the Arab states, condemning,
invading and fomenting revolution in Muslim nations for the pursuit of nuclear
weapons while turning a blind eye to Israel’s nuclear weapons and its continued expansion into
the West Bank. ]
MARKET
WATCH HEADLINES http://albertpeia.com/marketwatchheadlines.htm
http://albertpeia.com/feddestroyingsocialsecurity.htm
http://albertpeia.com/qe3wealthywealthiertherestpoorer.htm
http://albertpeia.com/hereandthere.htm
‘My sense is [QE3] is going to
have a greater effect
on inflation and a minimal impact on jobs. ‘—Jeffrey Lacker
President ,
Richmond Federal Reserve Bank
Published: 3:54 PM 08/23/2012
Anti-American fury sweeps across an inflamed Muslim world {
Despite casting this as being over a film, it’s not just the film; but as well, blowback for innumerable policy
missteps that ultimately included direct or indirect acts of
violence/aggression. These people are not blind, nor are they utter fools
despite america et als’ foolish assumptions and
presumptions to the contrary. [ Guest Post: This Is
Blowback ZeroHedge.com The YouTube
video depicting Mohammed is nothing more than the straw that broke the camel’s back. This kind of violent uprising against American power and
interests in the region has been a long time in the making. It is not just the
continuation of drone strikes which often kill civilians in Pakistan, Yemen,
Somalia and Afghanistan, either. Nor is it the American invasions and
occupations of Iraq and Afghanistan. Nor is it the United States and the West’s support for various deeply unpopular regimes such as the monarchies
in Bahrain and Saudi Arabia (and formerly Iran). Nor is it that America has
long favoured Israel over the Arab states, condemning, invading and fomenting
revolution in Muslim nations for the pursuit of nuclear weapons while turning a
blind eye to Israel’s nuclear weapons and its
continued expansion into the West Bank. ]
}
Romney and the GOP still toe the Bush
line Republican leaders are
sick and tired of Democrats blaming all the nation's problems on George W.
Bush, and of being tarnished by the former president's legacy. { The problem
for the democrats is that, unfortunately for the nation and world, wobama’s
essentially followed dumbya bush’s failed legacy with few exceptions (ie.,
wobama/holder’s predisposed contraindicated favoritism/bias towards blacks
including black panthers, etc.). Indeed, many within ‘the fold’ include ‘bush
men’ (ie., mueller, bernanke, etc.); and comparable failed policies as, ie.,
protracted unnecessary war, profligate spending worse than bush, rule by
proclamation/executive orders, no prosecution of huge wall street frauds, etc.,
all contrary to campaign promises/b***s*** that got him elected, a mistake that
won’t be repeated this time around. }
Schiff:
QE is Final Nail in Dollar’s Coffin
Infowars.com | $40
billion in mortgage-backed securities forever.
Think
You’ll be Better Off in Rural America? Think Again
Planet Infowars | Is this
Obama’s vision of
hope? Is this what Romney sees as the “fulfillment of the American dream” of home
ownership?
Let
Krugman’s Invading Space Aliens Buy iPhones
Bill Anderson | Leave it
to Paul Krugman to come up with yet another creative rendition of the Broken Windows
Fallacy.
Ron
Paul: “Country Should Panic Over Fed’s Decision”
Zero Hedge | Noting
that “we are
creating money out of thin air,” Paul sums up Bernanke’s position perfectly “We’ve Lost Control!”
Gasoline
Prices More than Double Under Obama: $1.84 to $3.85
CNS News | Average
retail gasoline prices have more than doubled under President Obama.
Lew
Rockwell Blog | In the latest round of government “stimulus” the Fed
has announced that it will be buying $40 billion in mortgage-backed securities
each month for an indefinite period of time.
Happy
Days Are Here Again: Stock Market Approaches All Time Highs
Mac Slavo |
The Federal Reserve has officially begun its long awaited monetary stimulus,
and the world has breathed a sigh of relief – for a week or two at least.
As
Predicted, Bernanke Launches QE3 to Help the Big Banks … Which Will Destroy the
Economy
Washington’s Blog | We
predicted last week that Bernanke would launch QE3 this week.
(9-14-12) Dow
13,593 +53 Nasdaq
3,183 +28 S&P 500
1,465 +5 http://albertpeia.com/todaysbusinesssummarylinks.htm
[CLOSE- OIL $99.35 (-54% for year 2008)
(RECORD TRADING HIGH $147.27) GAS
$3.83 (**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 $4.15 REG./ $4.25 MID-GRADE/$4.34
PREM./ $4.46 DIESELL) / GOLD $1,769 (+24% for year 2009)
/ SILVER $34.56 (+47% for year 2009) / PLATINUM $1,704 (+56% for year
2009) Metal News for
the Day / DOLLAR= .77 EURO, 76 YEN,
.61 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 1.78% 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!
Graham Eats Humble Pie September 13,
2012 http://gainspainscapital.com { This is an especially great opportunity to
sell this suckers’ market/take profits! Nothing’s been solved! Just because
‘no-recession-helicopter-ben’ says something, does not mean it’s true (remember
that ‘no recession call’ of his; and, of course, no QE before the election,
prospectively, already discounted many times over by the ‘markets, such as they
are, ie., algo buy programs, etc.. ).
All this and now ‘whatever’ is too little and too late for the uss
Titanic which has taken on too much, not water, but b***s***. This was a
desperate move, bespeaking desperation.The fact is things are ominously so bad,
and worse than ‘allowed’ to be seen for the moment, that something as this QE
which is economically and financially contraindicated and a proven failure for
all but the frauds on wall street along with their cohorts including desperate
politicos, is resorted to in desperation to divert attention from their
unequivocal failure. After all, though having cost so many americans their jobs
with wrong calls and policies, bernanke is trying to save his own by inflating
the markets (along with everything else, ultimately hyperinflationary) for fellow failure wobama’s sake (wobama
rehired failure bernanke, President Romney would have fired, and will fire him
… goldman sachs knew this dollar debasing failed policy QE 3 would come and at
the expense of the muppets…that’s their term for all you suckers). I further
believe this contraindicated largess to the frauds on wall street is to
preserve his post fedship tenure job possibilities by ingratiating himself even
further with those nefarious, self-serving interest groups. }
http://albertpeia.com/debaseddollarfailedstrategy.htm
http://albertpeia.com/thingsworseincomefalls4inarow.htm
http://albertpeia.com/thankswoforblowback.htm
http://theeconomiccollapseblog.com
http://albertpeia.com/debaseddollardown.htm
Submitted by Tyler
Durden on 09/11/2012
On the anniversary of the most emotional day in our
collective memory, here are some key statistics in the interest of truth,
justice and the American way: http://albertpeia.com/september11stats.png
Dave’s Daily: This puts the “bad news is good” back
on the front burner and means Bernanke has no choice but to QE and inflate
asset prices. He still has “some” weapons left but he’s running out of bullets.
QE bulls could care less since it’s time to party.All this QE speculation
trashed the dollar (UUP) and bolstered gold (GLD) and silver (SLV). After all,
if it’s balls to the wall once again these assets are the insurance against
currency debasement.Individual investors are still either hiding in low
yielding bonds, dividend sectors or are just on the sidelines. Those buying
include corporations with buybacks, hedge funds, and overseas investors feeding
on the weak dollar and to a lesser extent captive money in pension plans.The
fly on the soup today was a crummy report from Intel (INTC) which issued a
warning as PC demand is weak. This pulled semiconductor ETF (SOXX) and the
overall technology index (XLK) lower. There is concern that PC sales are
stalling given the pending launch next month of Windows 8 which is an entirely
different approach from (MSFT) affecting (IGV).As stocks followed the rally
from Thursday on QE hopes, bonds (IEF) took a breather but not by much given
likely Fed money printing and buying.The important thing to remember about QE
activity is what’s the grade? Thus far in the U.S. at any rate its money that
goes first to the Primary Dealer network (mega-banks) and then may trickle down
to you and me. Clearly it’s been supportive of stock prices but where is that
in the Fed’s twin mandate (protect the purchasing power of the dollar and full
employment)? If the mega-banks just hold the money to bolster their balance
sheets then the grade is an “F”. As most know, banks aren’t lending money for
mortgages or small businesses no matter how much liquidity the Fed dumps on
them. I used to have a math teacher who wouldn’t give a grade less than 40. If
it was less than 40 he’d circle it. You wouldn’t want a “circle 40” but this is
how you’d score the Fed’s twin mandate results.Investment
Tip: Don’t fight the Fed central banks.Volume on this QE
addicted Friday was once again ultra-light cementing few investors in the game
beyond those described above. Breadth per the WSJ was positive…’
*[ ECB INTERVENTION COMMENT DU JOUR: "CLASSIC
BANANA REPUBLIC BANKING" Submitted by Tyler Durden on
09/06/2012 http://albertpeia.com/classicbananarepublicbanking.htm . { It bears
repeating that never in history have the markets become so disconnected from
fundamental finance, valuation, an reality and so completely and utterly
fraudulent. I believe that computerization facilitating multiple frauds at
lightning speed, over and over again and again along with re-hypothecation of
already worthless paper at similar speeds is in part the reason for the
prevalence of such fraud along with the breakdown of american among other
societies into what yesteryear would have been scorned as ‘banana republics’ without any
meaningful rules of law whatsoever and pervasive, almost blatant, corruption at
every level. (This is not to blame
computers for the bad use they’re put to.) Guest
Post: The West Has Just Become A Giant Banana Republic ZeroHedge.com by Tyler
Durden { Yeah! This really is too
true for words! It’s been my
direct experience for quite some time now and is quite a pathetic scenario! } 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 corrupt 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.] Guest
Post: The West Has Just Become A Giant Banana Republic ZeroHedge.com by Tyler
Durden { Yeah! This really is too
true for words! It’s been my
direct experience for quite some time now and is quite a pathetic scenario! } Legal
precedent means nothing. Rule of law means nothing. Free speech means
nothing. Their own treaties mean nothing. It’s unbelievable. Anyone in the west who honestly
thinks he’s still living in a free society is either a
fool or completely out of touch. If that seems too radical an idea, consider
that ECUADOR is now the only nation which stands to defend freedom and human
rights against an assault from the United States, the United Kingdom, and
their spineless allies. The west has just become a giant banana republic.
Have you hit your breaking point yet? If not now… when? { { I’m really constrained to interject my own direct
experience with the FBI here; and, I must say I do so lamentably. If you want
no real results vis-à-vis organized crime which now extends to the upper
reaches, highest levels of the corrupt u.s. government, go to the FBI. I
discounted the new jersey FBI as just typical corrupt, mob infested jersey
which thinks in terms of discos/casinos. But, truth be told, they never ask the
‘tough’ questions
of the biggest criminals; ie., the biggest wall street frauds, cia connected
illegal ‘drug ops’ (ops…riiiiight), federal judges ie., trump barry, shiff,
alito, etc.; but, they did go after Martha Stewart in a very big way over a
$45,000 transaction. Wow! You can’t make this stuff up. I also don’t believe
their (understated) crime stats for even a second. I’m beginning
to feel foolish for having even put my full faith and trust in them, much less
the ‘federal
(judicial) system’ who share the ‘same employer’; and, despite my antipathy for the mob, probably
would have fared ‘more fairly’ with the mobsters directly who seem to have at least
some sense of the magnitude of the fraud involved and the pervasive corruption
of the system and government and maybe a semblance of honor in this nation of
protracted decline. It never would have occurred to me back when for me, such a
choice/decision was clear-cut and simple. Such a course as mine I no longer
could recommend inasmuch as there is little difference between state/government
sponsored crime/corruption and that perpetrated by other criminal elements,
from my direct experience with both, infra:
Debauchery:
An American specialty In the land of Lindsay Lohan and Snooki,
some federal workers reflect our culture all too well. (Washington Post) [
Lindsay Lohan? Come on Mr. Milbank, hands off the low hanging fruit. She’s totally
harmless. Jersey ‘italian’ snooki? In mob infested new jersey, who knows (one
of the properties in my proceedings for which surplus funds are unaccounted for
was a 2 bedroom 1 and 1/2 bath condominium in seaside heights, n.j.). But
debauchery an american specialty? Another rare instance wherein I agree with
Mr. Milbank completely. 25
Signs That America Is A Seething Cesspool Of Filth And Corruption
http://albertpeia.com/25signsamericacesspooloffilthcrimeandcorruption.htm
. Review
of flawed forensics held close to vest EXCLUSIVE | Documents and
interviews show FBI and Justice Department officials took steps to control
information uncovered by a task force designed to examine cases involving
discredited agents. Many defendants were never notified of flaws in cases. ‘Simply unconscionable’ (Washington Post) [
Well, I really have to say this. I’m awaiting word from the FBI as to resolution, one
way or the other, concerning the RICO matters which have been systematically
and corruptly covered up by the government (executive, legislative, and
judicial branches of the pervasively corrupt, defacto bankrupt u.s. government http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
) . Never in my wildest dreams would I have believed the
level and extent of corruption and criminality within the ranks of the u.s.
government before embarking upon this costly quest for justice and simple
fairness consistent with clear law (infra, regarding the u.s. government’s direct
involvement in the illegal drug trade). In this civil RICO matter, there are no
innocent bystanders; but rather, perpetrators, accomplices, and
co-conspirators. When the fbi agent initially assigned to this matter
(Connecticut) abruptly resigned/retired shortly after a conversation, though
not central to my case, wherein I had said that rudy giuliani’s father
had been an (convicted) enforcer for the mob (served 12 years? in prison,
aggravated assault/manslaughter?) and then sent him documentation owing to his
disbelief. Though ultimately ineffectual vis-à-vis my case, he was a likeable
guy for whom I had and still have regard. I then spoke with FBI Agent Jeff
Rasey upon the aforesaid agent’s departure who somewhat plaintively (‘my call
being a burden’) told me that ‘he was a Ford, and I was a Ferrari’, which he
didn’t explain
further. Could anyone tell me what that means? Initially, at new jersey’s FBI
office, I was ‘greeted’ by an FBI Agent who sarcastically asked me whether I
was ‘going to
the disco that night’ (the documents including sworn statements delivered
to then u.s. attorney sam alito’s office in the same building disappeared twice along
with the initial assistant u.s. attorney Jonathan Lacey with whom I had
reviewed the documentary evidence, documents and their probative value http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf .
We all can infer sam alito’s reward / quid pro quo for his cover-up by his
current position on the u.s. supreme court. There was never a
question as to maryanne trump barry’s interest in corrupting the judicial process as
related to her brother’s (trump) casinos. Jersey city boy louis freeh,
labeled by former Prosecutor Larry Klaiman as the most corrupt FBI director
ever (see infra, mueller seems no different, and certainly holder’s
impeachable actions and corrupt behavior/cover-ups fit the mold, ie., fast and
furious, race bias favoring blacks, etc.) apparently covered up the RICO
violations as sent to him, and, with italian citizenship and lucrative insider
deals fits the bill. The FBI Agent Jeff Hayes of the Long Beach Office with
whom I reviewed the RICO documents and confirmed same as indicative of (drug)
money laundering was transferred shortly after meeting with him, as has been so
of FBI Agent Bill Lewis (promoted to Washington FBI headquarters) with whom I
discussed the RICO matter and case disks/dvd’s sent to the LA FBI office (they printed the
documents thereon, as per Agent Lewis), Steven Martinez, ADIC, here in Los
Angeles (see infra). So, as regards FBI flaws, coverup, etc., I have to believe
it based on my own experience and reasonable inference. I’m currently
being ‘stonewalled’ by the LA
FBI office since the departure of FBI Agent Bill Lewis.
GOOGLE SEARCH –
‘LARRY KLAYMAN, LOUIS FREEH CORRUPT’
ABOUT 6,240 RESULTS (0.11 SECONDS)
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,
...
...
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, ...
“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. ...
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, ...
May 3, 2001 –
Because of his corrupt behavior, Freeh was placed on Judicial
Watch's ... stated Judicial Watch Chairman and General Counsel Larry
Klayman. ...
May 27, 2000 – By
Larry Klayman ... While Judicial Watch has asked FBI Director Louis
Freeh to .... lawsuits against a corrupt and unrepentant
Clinton-Gore ...
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,
·
A judgment
had been entered in my favor in the case, United States District Court Case
#3:93cv02065(AWT)(USDCJ Alvin Thompson), worth approximately now in excess of
$300,000 remains unaccounted for and which could be used for payment to
creditors, Los Angeles, etc..
·
Counsel
Robert Sullivan on my behalf documented by way of certification upon
investigation that Alan Shiff, USBCJ, had falsely stated a dismissal upon which
false statement he predicated a retaliatory and spurious contempt proceeding
against me causing substantial damage, and for which he sought Judicial Notice
of those and related proceedings as did I in some of my filings.
·
The Order of
Dismissal With Prejudice by Alan Shiff, USBCJ, owing to Defendant Coan’s
failure to file anything whatsoever by the court’s deadline causing creditors
and me substantial damages: [ Shiff Order of Dismissal With
Prejudice on Coan’s Failure to File
Page 1
Page 2
]
·
Defendant
Coan had filed an action against me to prevent me from suing him which
necessitated me to fly to Connecticut for a hearing before The Honorable Robert
N. Chatigny, Chief Judge, USDC, District of Connecticut, who denied Coan’s
requested relief as to Coan but precluded my action against Shiff (although
there is no immunity, judicial or otherwise, for criminal acts, ie., fraud
connected with a case under Title 11, USC, etc.) . [ transcript in
pertinent part - http://albertpeia.com/crossexamofcoanbypeia.pdf ]
·
Newly
appointed judge, Maryanne Trump Barry, Donald Trump’s sister, was assigned the
RICO case despite the conflict of interest in light of hundreds of thousands of
dollars of illegal (drug) money being laundered through the Trump casinos by
the RICO defendants, and despite my motion to recuse her which motion she heard
herself and denied, and U.S. Trustee Hugh Leonard with whom I met personally
refused to join or file a separate motion to recuse and not long thereafter
left said office for private practice at Cole, Shotz, et als on retainer with
the RICO defendants as his primary client.
·
Probative and
evidentiary documents, affidavits, exhibits, including those turned over to FBI
Agent Jeff Hayes in Long Beach, CA, had been given to Assistant U.S. Attorney
Jonathan Lacey with whom I met personally at the U.S. Attorney’s Office in
Newark, N.J., at which time Samuel Alito was U.S. Attorney, and went over said
documents and their probative value with him. Within approximately a month
thereafter upon inquiry I was told that Jonathon Lacey was no longer with the
office, that the file/documents could not be located, and that there was no
further information available concerning contacting him or his location. I
thereupon delivered by hand, copies of said documents to the office of then
U.S. Attorney Alito, addressed to him, with assurance they would go directly to
him. In addition to being inept [ I looked in on the one mob case he had
brought, bungled, lost (accidently on purpose?) since I was suing some
mob-connected under RICO and the court (I had known / previously met outside of
court the judge Ackerman through a client) was absolute bedlam and a total joke
since incompetent corrupt Alito brought in all 20 mob defendants (rather than
prosecute one or a few to flip them first) who feigning illness had beds/cots
in the courtroom along with their moans during testimony and had the jury in
stitches. As much as I hate the mob, it truly was funny, if not so tragic.],
Alito is also corrupt (and maybe corrupt because he is inept). After
a reasonable (but still rather short) time I called to determine the status and
was told that Alito was no longer with the Office of the U.S. Attorney, that he
was (appointed) a federal judge, and that neither the documents nor any file or
record of same could be located. Alito did parley the same / cover-up into quid
pro quo direct lifetime appointment to the Court of Appeals, 3rd
circuit, despite the absence of judicial experience or successful tenure as
U.S. Attorney (Maryanne Trump Barry as well). This is the same Sam Alito that
now sits on the purported highest court in the land. The real application of
the illegal rule ‘don’t ask, don’t tell’.
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) ]
FROM:
TO:
Wednesday,
November 16, 2011 8:48 AM
Dear Mr. Peia:
Thank you for being in touch. As we continue
the busy first session of the 112th Congress, I want you to know
that I am grateful for the various times you have shared your thoughts and
concerns with me on different issues. Please be assured that your voice
is being heard and that your perspective helps me to better represent you in
Washington, D.C.
Sincerely,
LUCILLE ROYBAL-ALLARD
Member of Congress
[ This is a reply
to the Congresswoman’s query among others included.]
11-5-11
Dear
Congresswoman Roybal-Allard:
The Keynesian
(economic) approach, if ever a wise prescription for ‘economic doldrums’,
euphemistically speaking (there are articles/studies/data that dispute the
purported effectiveness of the widely hailed ‘Keynesian remedy’ during the
prior great depression), the ‘Keynesian way’ is certainly no longer a prudent
approach today in light of the insurmountable debt levels of nations worldwide
and in america particularly along with the concomitant over-printed, debased
‘paper currencies’ to finance same. Quite simply, there simply is not enough
real value being created for redistribution, a situation exacerbated by the
parasitic lightening fast, computerized churn and earn high frequency trading
programs on fraudulent wall street (they should be prosecuted, jailed, fined,
and disgorgement imposed for extant frauds in the trillions now marked to
anything as per misguided legislated FASB rule change). [ America’s debt woe is worse than Greece’s News (CNN) — ‘Our government is utterly broke …The
government’s total indebtedness is $211
trillion’. 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 ] .This is the consequence of a structural
shift fed by greed and misguided policy and cannot be undone (transfer of
productive capacity to ie., China, etc., ‘the bell cannot be unrung’). That
said which militates against such an extension, this is an election year which
probabilities suggest makes highly likely the passage of the extension. I favor
your co-sponsored legislation and before the holidays simply in the name and
spirit of Christmas and for no other reason whatsoever. Below is a recent
comment to Opinion Writer Krauthammer’s ‘more war spending (Keynesian)
position’ and an article regarding the folly of same. Immediately following is
from my prior post to you concerning something of such manageable proportion
and well within the government’s ability to resolve (if the government can’t
accomplish this consistent with law and long overdue, then there isn’t anything
the government can accomplish), along with other comments to you for ease of
reference:
‘…As previously
noted in a prior message to you, I had previously spoken to FBI Agent Bill
Lewis in Washington who was recently promoted to the FBI Headquarters Office
(D.C.) from the FBI office here in LA, and who was to be out of the office for
the two weeks past. I’ll be contacting him given a reasonable time for him to
‘catch up’, from being out of the office. While independent contractor richard
coan is ultimately the one to bear the burden of damages (there’s insurance and
a surety covering same), coan might allude to the prior default of the u.s.
government (assist. u.s. atty. robert i. lester miscounted / miscalculated the
time for filing an answer / response to the complaint upon service thereof,
also misstating the rule in open court before corrupt judge matz who
‘schmoozed’ things over (they both have the same employer), however incorrectly
according to the ‘law’. I ordered / bought a copy of the transcript of that
rather pathetic proceeding (posted in part on my website). In any event,
regardless who pays me, the amounts so paid would ultimately be recovered from
coan, his insurer/surety which amounts might even exceed the amount I’m willing
to settle at. [There is also a judgment (referenced in the correspondence to
FBI ADIC Martinez infra) that had been entered in my favor in the case, United
States District Court Case #3:93cv02065(AWT)(USDCJ Alvin Thompson), worth approximately
now in excess of $300,000 remains unaccounted for and which would benefit Los
Angeles, etc.; and then, of course as well, the substantial damages. ] I’ve
waited far too long for this matter to resolve, what should have been resolved
in accordance with clear law long ago; and, which would have been resolved if
not for typical u.s. corruption in the process; and, which is well within the
government’s ability to resolve. In my world and way of thinking, results do
count! I’ve included prior correspondence for ease of reference…’
Sincerely,
Albert L.
Peia
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
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.”
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 }
----------
September 5, 2012 http://albertpeia.com/nextroundeuimplosionnow.htm
http://albertpeia.com/outrageoushospitalbills.htm
http://albertpeia.com/beprepared.htm
http://albertpeia.com/wobamadeals.htm
http://albertpeia.com/18indicationseuropesuckinglifeofglobaleconomy.htm
September 4, 2012 http://gainspainscapital.com http://albertpeia.com/3chartstowatchwhatscoming.htm
http://albertpeia.com/oecofailureandlowpayjobs.htm
Dave’s Daily: http://www.etfdigest.com
BERNANKE SHOWS UP, STOCKS
RALLY 8-31-12 { Absolutely amazing that
something that’s failed so miserably for all but the frauds on wall
street, the price for which will be paid by others now and in futuro could be
an accepted/anticipated/cheered strategy- How totally pathetic! How about real
valuations based upon real finance, economics as opposed to the fraudulent wall
street feel good from inflationary dollar debasement at everybody else’s expense! }
http://theeconomiccollapseblog.com
http://albertpeia.com/proscons50states.htm
{ You really can’t dismiss this brief/simplistic survey out of hand;
after all, he gets the the following almost right (jersey should be ranked
below all; ie., ‘F-‘ !) New Jersey: Pros: anyone got something? Cons:
high population density, Camden, Newark, not enough jobs, multiple nuclear
power plants,Atlantic City, crime, gang violence Overall Rating: D- /
California: Pros: Disneyland, warm weather, Malibu Cons: high taxes, Jerry Brown, earthquakes,
mudslides, wildfires, gang violence, crime, traffic, rampant poverty, insane
politicians, ridiculous regulations, bad schools, political correctness,
illegal immigration, not enough jobs, air pollution, multiple nuclear power
plants, possible tsunami threat along the coast, Los Angeles, San Francisco,
Oakland, Stockton, Sacramento, huge drug problem, high population density, the
state government is broke, many more reasons to leave California right here http://albertpeia.com/16reasonstomoveawayfromcalifornia.htm http://albertpeia.com/hopelesscluelesscalifornia.htm Overall Rating: F } ‘If you could live in any state in America, where
would you go? During troubled times like these, what is the best place in
the United States to live? A lot of people are asking these kinds of
questions these days. Our economy is on the verge of collapse, natural
disasters are becoming more frequent and more intense, the U.S. population is
becoming angrier and more frustrated by the day, our government has become
incredibly oppressive and controlling, war could break out at any time and
evidence that society is breaking down is all around us. As our world becomes
increasingly unstable, many families are considering moving somewhere
else. But what areas are best and what areas should be avoided? Is
there really a "best place to live" in America? Well, the truth
is that each family is facing a different set of circumstances. If you
have a great support system where you live, it can be really tough to pick up
and move 3000 miles away from that support system. If you have a great
job where you live now, it can be really tough to move some place where there
may be no job at all for you. But without a doubt there are some areas of
the country that will be far better off than others in the event of a major
economic collapse. This article will take a look at each of the 50 U.S.
states and will list some of the pros and cons for moving to each one.
Not all of the factors listed below will be important
to you, and a few have even been thrown in for humor. But if you are
thinking of moving in the near future hopefully this list will give you some
food for thought.
A few years ago when my wife and I were living near
Washington D.C. we knew that we wanted a change and we went through this kind
of a process. We literally evaluated areas from coast to coast. In
the end, we found a place that is absolutely perfect for us. But
different things are important to different people.
And if I gave your particular state a low rating,
please don't think that I am trashing the entire state or all of the people who
live there.
For example, there are some absolutely wonderful
people that live in the state of California, and there are some areas of
California that I would not mind visiting at all. But for the times that
are coming I am convinced that it is going to be a really bad place to live.
Not that I have all the answers either.
Hopefully this article can get some debates started, and hopefully those
debates will help people that are thinking of moving to another state to be
more informed.
The following are some pros and cons for all 50
states....
Alabama
Pros: warm weather, southern hospitality, relatively
low population density
Cons: hurricanes, tornadoes, crime, not enough jobs,
multiple nuclear power plants, rampant poverty
Overall Rating: C+
Alaska
Pros: great fishing, lots of empty space, low
population density, great for rugged individualists
Cons: very high cost of living, earthquakes,
volcanoes, extremely cold, short growing season, too much snow, potentially cut
off from supplies from the lower 48 states during an emergency situation
Overall Rating: B
Arizona
Pros: warm weather
Cons: illegal immigration, wildfires, return of dust bowl conditions, not
enough jobs, not enough rain, multiple nuclear power plants, crime, gang
violence, Phoenix
Overall Rating: D+
Arkansas
Pros: southern hospitality, warm weather, Ozark
National Forest
Cons: tornadoes, Clintons, New Madrid fault zone,
multiple nuclear power plants, crime, rampant poverty
Overall Rating: C
California
Pros: Disneyland, warm weather, Malibu
Cons: high taxes, Jerry Brown, earthquakes,
mudslides, wildfires, gang violence, crime, traffic, rampant poverty, insane
politicians, ridiculous regulations, bad schools, political correctness,
illegal immigration, not enough jobs, air pollution, multiple nuclear power
plants, possible tsunami threat along the coast, Los Angeles, San Francisco,
Oakland, Stockton, Sacramento, huge drug problem, high population density, the
state government is broke, many more reasons to leave California right here
Overall Rating: F
Colorado
Pros: Rocky Mountains, Colorado Springs
Cons: wildfires, illegal immigration, short growing
season, not enough rain, too much snow, huge drug problem
Overall Rating: B
Connecticut
Pros: beautiful homes
Cons: high taxes, insane politicians, ridiculous
regulations, political correctness, short growing season, multiple nuclear
power plants, high population density
Overall Rating: C-
Delaware
Pros: good fishing
Cons: Joe Biden, political correctness, ridiculous
regulations, insane politicians, crime, high population density
Overall Rating: D
Florida
Pros: University of Florida Gators, oranges, low
taxes, southern hospitality, Disneyworld, Gainesville, warm weather, beautiful
beaches, Daytona
Cons: hurricanes, most of the state is barely above
sea level, high population density, not enough jobs, multiple nuclear power
plants, crime, gang violence, illegal immigration
Overall Rating: C
Georgia
Pros: peaches, southern hospitality, warm weather
Cons: not enough jobs, multiple nuclear power plants,
crime, gang violence, flesh eating disease, Atlanta
Overall Rating: B-
Hawaii
Pros: awesome beaches, warm weather, great vacation
destination
Cons: vulnerable to tsunamis, very high cost of
living, volcanoes, traffic, high population density, high taxes
Overall Rating: C-
Idaho
Pros: awesome people live there, great potatoes, low
population density, high concentration of liberty-minded individuals, low
crime, Sandpoint, Coeur d'Alene, north Idaho has plenty of water compared to
the rest of the interior West, beautiful scenery
Cons: cold in the winter, wildfires, short growing
season, not enough jobs
Overall Rating: A
Illinois
Pros: once you get away from Chicago things are not
quite so bad
Cons: Barack Obama, drought, New Madrid fault zone,
high population density, political correctness, ridiculous regulations, insane
politicians, crime, gang violence, Chicago, East St. Louis, not enough jobs,
multiple nuclear power plants, mob robberies, the state government is drowning
in debt
Overall Rating: D-
Indiana
Pros: it is in better shape than Illinois, good
farming, high Amish population
Cons: drought, tornadoes, the city of Gary, relatively high population
density, near the New Madrid fault zone, a "rust belt" state
Overall Rating: C-
Iowa
Pros: low population density, low crime, good farming
Cons: drought, tornadoes, cold in the winter,
multiple nuclear power plants, too much snow, very flat
Overall Rating: B-
Kansas
Pros: low population density, low crime, good farming
Cons: drought, tornadoes, return of dust bowl conditions, very
flat
Overall Rating: B
Kentucky
Pros: southern hospitality, great horses, Lexington
Cons: New Madrid fault zone, not enough jobs, rampant
poverty, Louisville
Overall Rating: C
Louisiana
Pros: southern hospitality, warm weather
Cons: hurricanes, New Orleans, not enough jobs,
tornadoes, multiple nuclear power plants, oil spills, crime, gang violence,
rampant poverty
Overall Rating: D
Maine
Pros: low population density, low crime, polite people
Cons: extremely cold, short growing season, political
correctness, ridiculous regulations, insane politicians, too much snow
Overall Rating: B-
Maryland
Pros: the Washington Redskins play there
Cons: Baltimore, borders Washington D.C., high
population density, really bad traffic, political correctness, ridiculous
regulations, insane politicians, multiple nuclear power plants, crime, gang
violence
Overall Rating: C-
Massachusetts
Pros: beautiful homes
Cons: high taxes, political correctness, ridiculous
regulations, insane politicians, high population density, short growing season,
almost everything is illegal in Massachusetts
Overall Rating: D+
Michigan
Pros: once you get away from Detroit and Flint things
get better
Cons: Detroit, Flint, Dearborn, extremely cold, short growing
season, political correctness, ridiculous regulations, insane politicians, not
enough jobs, multiple nuclear power plants, too much snow, a "rust
belt" state
Overall Rating: D-
Minnesota
Pros: land of 10,000 lakes
Cons: extremely cold, short growing season, multiple
nuclear power plants, too much snow, high taxes
Overall Rating: C
Mississippi
Pros: southern hospitality, relatively low population
density, warm weather
Cons: hurricanes, tornadoes, not enough jobs, rampant
poverty, crime
Overall Rating: C+
Missouri
Pros: good farming, Branson
Cons: drought, tornadoes, New Madrid fault zone, not
enough jobs, crime
Overall Rating: C
Montana
Pros: low population density, low taxes, high
concentration of liberty-minded individuals, Missoula, Kalispell
Cons: extremely cold in the winter, wildfires, short
growing season, not enough rain, near Yellowstone super volcano, rampant
poverty, too much snow
Overall Rating: B+
Nebraska
Pros: low population density, good farming
Cons: tornadoes, drought, multiple nuclear power
plants, cold in the winter, very flat
Overall Rating: B
Nevada
Pros: low population density, lots of empty space,
low taxes, warm weather
Cons: Harry Reid, Las Vegas, Reno, not enough water, not enough rain, wildfires, hard to grow
food, not enough jobs, crime, gang violence, huge drug problem, Yucca Mountain
Overall Rating: D+
New Hampshire
Pros: low crime, beautiful homes
Cons: extremely cold, short growing season, political
correctness, ridiculous regulations, insane politicians, too much snow
Overall Rating: C
New Jersey
Pros: anyone got something?
Cons: high population density, Camden, Newark, not
enough jobs, multiple nuclear power plants, Atlantic City, crime, gang violence
Overall Rating: D-
New Mexico
Pros: low population density, warm weather
Cons: illegal immigration, wildfires, return of dust bowl conditions, not
enough jobs, not enough rain, crime, gang violence, huge drug problem
Overall Rating: C-
New York
Pros: the entire state is not like New York City
Cons: New York City, Mayor Bloomberg, high taxes,
cold in the winter, high population density, political correctness, ridiculous
regulations, insane politicians, not enough jobs, multiple nuclear power
plants, the "too big to fail" banks
Overall Rating: D
North Carolina
Pros: southern hospitality, warm weather, Great Smoky
Mountains National Park
Cons: hurricanes, not enough jobs, multiple nuclear
power plants
Overall Rating: B
North Dakota
Pros: low crime, lots of oil-related jobs, low population
density
Cons: extremely cold, short growing season, too much
snow
Overall Rating: B
Ohio
Pros: the Cincinnati Reds, the Pro Football Hall of
Fame, high Amish population
Cons: not enough jobs, cold in the winter, multiple
nuclear power plants, high population density, Toledo, Cleveland, a "rust belt" state
Overall Rating: C
Oklahoma
Pros: warm weather, good farming
Cons: drought, tornadoes, wildfires, return of dust bowl conditions, not
enough rain, crime, Oklahoma City, rampant poverty
Overall Rating: C
Oregon
Pros: tremendous natural beauty
Cons: high taxes, Portland, political correctness,
ridiculous regulations, insane politicians, not enough jobs, huge drug problem,
possible tsunami threat along the coast
Overall Rating: C-
Pennsylvania
Pros: high Amish population
Cons: high population density, Pennsylvania,
Pittsburgh, not enough jobs, multiple nuclear power plants, a "rust belt"
state
Overall Rating: C
Rhode Island
Pros: so small that most people don't notice their
problems
Cons: the state is flat broke, short growing season, political
correctness, ridiculous regulations, insane politicians, not enough jobs, high
population density
Overall Rating: D+
South Carolina
Pros: southern hospitality, warm weather, Myrtle
Beach
Cons: hurricanes, not enough jobs, multiple nuclear
power plants, crime, gang violence, rampant poverty
Overall Rating: B
South Dakota
Pros: low population density, fun tourist traps, the
Badlands, Mount Rushmore
Cons: extremely cold, short growing season, very
flat, too much snow
Overall Rating: B
Tennessee
Pros: Nashville, Michael W. Smith, southern
hospitality, warm weather, Gatlinburg
Cons: Memphis, New Madrid fault zone, multiple
nuclear power plants, crime, gang violence, rampant poverty
Overall Rating: B-
Texas
Pros: low taxes, warm weather, Austin
Cons: drought, illegal immigration, tornadoes,
wildfires, West Nile Virus, the Dallas Cowboys, return of dust bowl conditions,
speed traps, not enough rain, multiple nuclear power plants, George W. Bush,
crime
Overall Rating: B-
Utah
Pros: beautiful mountains, low crime, low population
density
Cons: cold in the winter, wildfires, Salt Lake City,
short growing season, not enough rain, illegal to collect rain
Overall Rating: B-
Vermont
Pros: low crime, beautiful homes
Cons: cold in the winter, insane politicians,
ridiculous regulations, short growing season, political correctness, not enough
jobs, too much snow
Overall Rating: C
Virginia
Pros: the University of Virginia, southern
hospitality, Charlottesville
Cons: borders Washington D.C., high population
density, multiple nuclear power plants, Richmond, really bad traffic in
northern Virginia
Overall Rating: B-
Washington
Pros: the eastern half of the state is quite nice and
much different from the coast
Cons: way too much rain along the coast, volcanoes,
wildfires, insane politicians, ridiculous regulations, political correctness,
not enough jobs, possible tsunami threat along the coast, Seattle
Overall Rating: C
West Virginia
Pros: beautiful mountains
Cons: not enough jobs, rampant poverty
Overall Rating: B
Wisconsin
Pros: cheese, the Green Bay Packers
Cons: extremely cold, short growing season, multiple
nuclear power plants, too much snow,
Overall Rating: B-
Wyoming
Pros: low population density, lots of empty space,
low taxes
Cons: extremely cold, too windy, too flat, wildfires,
short growing season, not enough rain, Yellowstone super volcano
Overall Rating: B-
What do you think of these rankings?
What do you think is the best place to live in
America?
Do you have any additional pros and cons that should
be added to this list?
Please feel free to post a comment with your thoughts
below....’
Dave’s Daily: http://www.etfdigest.com
‘QE
QUESTIONS { To QE or not to QE, that is
the question…whether it is nobler in the mind to suffer the slings
and arrows of outrageous destruction of fortunes … ah, yes … good
choice Dave … I know those soliloquies by heart…and now, a
little Lewis Carroll with a mad hatter none other than
helicopter-ben-shalom-bernanke … }
Drudgereport: Gasoline
To Hit Labor Day Record Price... { Predominantly the consequence of failed
QE for the benefit of fraudulent wall street only and wobama’s (failed) re-election
scam! }
http://albertpeia.com/stockmarketcrashcoming.htm
{ Short answer, YES! If there’s still any
rationality left in these stock markets! }
http://albertpeia.com/americansgettingpoorer.htm
http://albertpeia.com/forsakenforgotten.htm
http://albertpeia.com/incometaxforwar.jpg
http://albertpeia.com/usfoodcrisis.htm
http://albertpeia.com/centralbankswallstreetinsidersprepforsomethingbig.htm
http://albertpeia.com/mississippidryingup.htm
The American Dream | The future of war is going to
look really, really weird. http://endoftheamericandream.com
http://albertpeia.com/moredarpafollies.htm
{ I must say, regardless of the fact of time
constraints (you know, that ‘end thing’) that makes all irrelevant, they can’t
even control, properly manage what they have. I think Mike’s been watching too
much sci-fi, not that darpa doesn’t appreciate his misplaced vote of
confidence! Mike also seems to forget
that obama’s a proven failure who should and will be ridden out of office on a
rail. Quite simply, I believe mike’s lost his edge! }
August 12, 2012 By gpc1981
http://albertpeia.com/eurocollapse.htm
Are
The Government And The Big Banks Quietly Preparing For An Imminent Financial
Collapse?
The Economic Collapse | Something really strange appears to
be happening. All over the globe, governments and big banks are acting as if
they are anticipating an imminent financial collapse. http://albertpeia.com/imminentfinancialcollapse.htm
http://albertpeia.com/desperateforapaycheck.htm
August 14, 2012 By gpc1981
http://albertpeia.com/stopfoolingyourselftheyhavenosolution.htm
August 9, 2012 By gpc1981
http://albertpeia.com/marketsshortsqueezeeurophorialunacy.htm
http://albertpeia.com/preparingforcollapseofeconomy.htm
http://albertpeia.com/eumathinsolvency.htm
Why
Europe Matters… And How Spain Could Wipe Out Your 401(k) Posted by
: Phoenix Capital... Post date: 08/06/2012 – http://albertpeia.com/eumatterswipeoutyour401k.htm In simple terms Europe is a HUGE deal
for everyone. We’re not talking about some distant region far off in the
distance that we will watch go down from our decks. We’re talking...
http://albertpeia.com/psycopathssociopathsamericasocietalcollapse.htm
{ Think about this! By wobama’s own criteria in his
last total b***s*** campaign, he should be stepping down; having failed on all
counts and then some. He also promised to cut the nation’s deficit in half by
the end of his term; yet, he has increased the nation’s deficit by a record
amount greater than all the presidents since Eisenhower COMBINED ($5 trillion).
He has done this to help cover up his unequivocal failure by any standard by
which you measure a presidency, including his own. People in america must show
the Washingtonians they are not doormats! They must stand up and let these
politicos know that results count; particularly promised results. Absent
positive results as with unmitigated failure, choom-gang-banger wobama, they
get the boot. President Romney deserves the 4 years he’ll have to turn this
disaster called america around. If President Romney doesn’t cut the mustard in
4 years as promised, then he will be out. Results Count! I believe that people
in the final analysis will choose self-respect; that is, choose NOT to be
wobama’s doormat. Despite and contrary to wobama’s spin/propagandameisters’
desperate spin/outright falsity which addresses anything but wobama’s clear
record of failure, President Romney is smart enough, flexible enough, and with
a record of concrete results behind him as compared to wobama choom
fantasy/b***s***, President Romney will be a hands-on President to the entire nation
in the most positive sense. As such, I believe people will choose self-respect,
reality, real results which will make President Romney’s election a substantial
margin blowout victory!
Friday
Humor: "I Am Pledging To Cut The Deficit We Inherited By Half By The End
Of My First Term In Office"
ZeroHedge.com Tyler Durden { Wobama the b for
b***s*** speaks … on the prior pre-election campaign trail ( 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’ … ) Obama's Five
Trillion Dollar Lie http://albertpeia.com/obamas5trilliondollarlie.htm
http://albertpeia.com/deadcropsdroughtwildfiresnewusnormal.htm
Obama
Is Using The Curiosity Landing To Push Government Spending
Business Insider | President
Barack Obama congratulated NASA on its successful mission to send a robotic
rover to Mars tonight, calling the landing of the Curiosity an “unprecedented
feat of technology.” { Riiiiight! ….. Geeeh! And
here, I already thought they’ve already done that … and, it’s so helped america’s fiscal and economic position in the solar
system! } { MISSIONS TO
MARS TIMELINE: 1992 to 2004
September 25, 1992 - Mars
Observer launched. Spacecraft designed to map the martian surface from orbit
with a large, sophisticated science payload.
August, 1993 - contact lost with
Mars Observer.
1995 - NASA selects Mars Polar
Lander for 1999 launch.
1996 - Athena Mars Rover mission
proposed (unsuccessfully) to NASA Discovery Program for launch in 2002.
November 7, 1996 - Mars Global
Surveyor launched.
November 16, 1996 - Russian Mars
'96 orbiter/landers launched.
November 17, 1996 - Mars '96
fails to achieve insertion into Mars cruise trajectory and re-enters the
Earth's atmosphere.
December 4, 1996 - Mars
Pathfinder launched.
July 4, 1997 - Mars Pathfinder
lands on Mars and begins a successful mission.
September 11, 1997 - Mars Global
Surveyor arrives at Mars and begins a successful mission that continues today.
September 27, 1997 - last
successful data transmission from Mars Pathfinder
November, 1997 - Athena Mars
Rover Payload selected for launch in 2001.
Spring, 1998 - NASA and JPL
announce that due to engineering problems and funding shortages in the Mars
program, launch of the Athena Mars Rover Payload will be delayed until 2003,
with landing in 2004. Instead, NASA will send a stationary lander (similar to
the Mars Polar Lander) to Mars in 2001. Four Athena instruments would be flown
on this lander as a precursor to the full Athena investigation in 2003.
July 3, 1998 - Nozomi, Japanese
Mars orbiter launched.
December 11, 1998 - Mars Climate
Orbiter launched.
December 21, 1998 - course
correction burns leave Nozomi with less fuel than expected. The orbiter is to
remain in heliocentric orbit for five years.
January 3, 1999 - Mars Polar
Lander launched.
September, 1999 - Mars Climate
Orbiter spacecraft fails to achieve orbit due to a navigation error.
December 3, 1999 - Mars Polar
Lander fails, apparently due to a software error.
May, 2000 - Mars 2001 Lander
mission, which would have used a lander similar to Mars Polar Lander, cancelled
by NASA. Mars program undergoes a major restructuring.
July, 2000 - NASA selects the
Mars Exploration Rover mission for flight in 2003. The mission will send a
large rover to Mars carrying the Athena Mars Rover Payload, and will use the
same landing system that was used successfully by Mars Pathfinder.
August, 2000 - NASA announces
that two identical rovers will be flown in 2003, each carrying identical copies
of the Athena payload.
April 7, 2001 - Mars Odyssey
orbiter launched; will aid in landing site selection for MER and relay data
from Athena instruments.
June 2, 2003 - The European
Space Agency's Mars Express Orbiter and Beagle 2 Lander launched from Baikonur,
Kazakhstan.
June 10, 2003 - The MER-A rover
called Spirit is launched from Cape Canaveral, Florida.
July 7, 2003 - The MER-B rover
called Opportunity is launched from Cape Canaveral, Florida.
December 9, 2003 - Nozomi
mission abandoned due to lack of fuel and a damaged electrical system.
December 26, 2003 - Mars Express
arrives at Mars.
January 3, 2004 - The Mars rover
Spirit lands.
January 25, 2004 - The Mars
rover Opportunity lands.
January, 2004-present - The
rovers Spirit and Opportunity operate on the martian surface. }
http://albertpeia.com/spainitalytoastnomatterwhat.htm
http://albertpeia.com/only24percentusjobsgood.htm
Kurt Nimmo
Infowars.com
July 31, 2012
{ I’m really constrained to
interject my own direct experience with the FBI here; and, I must say I do so
lamentably. If you want no real results vis-à-vis organized crime which now extends
to the upper reaches, highest levels of the corrupt u.s. government, go to the
FBI. I discounted the new jersey FBI as just typical corrupt, mob infested
jersey which thinks in terms of discos/casinos. But, truth be told, they never
ask the ‘tough’ questions of the biggest
criminals; ie., the biggest wall street frauds, cia connected illegal ‘drug ops’ (ops…riiiiight), federal
judges ie., trump barry, shiff, alito, etc.; but, they did go after Martha
Stewart in a very big way over a $45,000 transaction. Wow! You can’t make this stuff up. I
also don’t
believe their (understated) crime stats for even a second. I’m beginning to feel
foolish for having even put my full faith and trust in them, much less the ‘federal (judicial) system’ who share the ‘same employer’; and, despite my
antipathy for the mob, probably would have fared ‘more fairly’ with the mobsters
directly who seem to have at least some sense of the magnitude of the fraud
involved and the pervasive corruption of the system and government and maybe a
semblance of honor in this nation of protracted decline. It never would have
occurred to me back when for me, such a choice/decision was clear-cut and
simple. Such a course as mine I no longer could recommend inasmuch as there is
little difference between state/government sponsored crime/corruption and that
perpetrated by other criminal elements, from my direct experience with both,
infra:
Debauchery: An American specialty In the land of Lindsay Lohan and Snooki, some
federal workers reflect our culture all too well. (Washington Post) [ Lindsay
Lohan? Come on Mr. Milbank, hands off the low hanging fruit. She’s totally harmless.
Jersey ‘italian’ snooki? In mob infested
new jersey, who knows (one of the properties in my proceedings for which
surplus funds are unaccounted for was a 2 bedroom 1 and 1/2 bath condominium in
seaside heights, n.j.). But debauchery an american specialty? Another rare
instance wherein I agree with Mr. Milbank completely. 25 Signs That America Is A Seething Cesspool
Of Filth And Corruption http://albertpeia.com/25signsamericacesspooloffilthcrimeandcorruption.htm . Review of flawed forensics held close to vest EXCLUSIVE | Documents and interviews show FBI and
Justice Department officials took steps to control information uncovered by a
task force designed to examine cases involving discredited agents. Many
defendants were never notified of flaws in cases. ‘Simply unconscionable’ (Washington Post) [ Well, I really have to say this.
I’m
awaiting word from the FBI as to resolution, one way or the other, concerning
the RICO matters which have been systematically and corruptly covered up by the
government (executive, legislative, and judicial branches of the pervasively
corrupt, defacto bankrupt u.s. government http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
) . Never in my wildest dreams would I have believed the
level and extent of corruption and criminality within the ranks of the u.s.
government before embarking upon this costly quest for justice and simple
fairness consistent with clear law (infra, regarding the u.s. government’s direct involvement in
the illegal drug trade). In this civil RICO matter, there are no innocent
bystanders; but rather, perpetrators, accomplices, and co-conspirators. When
the fbi agent initially assigned to this matter (Connecticut) abruptly
resigned/retired shortly after a conversation, though not central to my case,
wherein I had said that rudy giuliani’s father had been an (convicted) enforcer for the mob
(served 12 years? in prison, aggravated assault/manslaughter?) and then sent
him documentation owing to his disbelief. Though ultimately ineffectual
vis-à-vis my case, he was a likeable guy for whom I had and still have regard.
I then spoke with FBI Agent Jeff Rasey upon the aforesaid agent’s departure who somewhat
plaintively (‘my
call being a burden’) told me that ‘he was a Ford, and I was a Ferrari’, which he didn’t explain further. Could
anyone tell me what that means? Initially, at new jersey’s FBI office, I was ‘greeted’ by an FBI Agent who
sarcastically asked me whether I was ‘going to the disco that night’ (the documents including
sworn statements delivered to then u.s. attorney sam alito’s office in the same
building disappeared twice along with the initial assistant u.s. attorney
Jonathan Lacey with whom I had reviewed the documentary evidence, documents and
their probative value http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf . We all can infer sam alito’s reward / quid pro quo for
his cover-up by his current position on the u.s. supreme
court. There was never a question as to maryanne trump barry’s interest in corrupting
the judicial process as related to her brother’s (trump) casinos. Jersey
city boy louis freeh, labeled by former Prosecutor Larry Klayman as the most
corrupt FBI director ever (see infra, mueller seems no different, and certainly
holder’s
impeachable actions and corrupt behavior/cover-ups fit the mold, ie., fast and
furious, race bias favoring blacks, etc.) apparently covered up the RICO
violations as sent to him, and, with italian citizenship and lucrative insider
deals fits the bill. The FBI Agent Jeff Hayes of the Long Beach Office with
whom I reviewed the RICO documents and confirmed same as indicative of (drug)
money laundering was transferred shortly after meeting with him, as has been so
of FBI Agent Bill Lewis (promoted to Washington FBI headquarters) with whom I
discussed the RICO matter and case disks/dvd’s sent to the LA FBI
office (they printed the documents thereon, as per Agent Lewis), Steven
Martinez, ADIC, here in Los Angeles (see infra). So, as regards FBI flaws,
coverup, etc., I have to believe it based on my own experience and reasonable
inference. I’m
currently being ‘stonewalled’ by the LA FBI office since the departure of FBI
Agent Bill Lewis.
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. ...
Review of flawed forensics held close to vest EXCLUSIVE | Documents and interviews show FBI and
Justice Department officials took steps to control information uncovered by a
task force designed to examine cases involving discredited agents. Many
defendants were never notified of flaws in cases. ‘Simply unconscionable’ (Washington Post) [ Well, I really have to say this.
I’m
awaiting word from the FBI as to resolution, one way or the other, concerning
the RICO matters which have been systematically and corruptly covered up by the
government (executive, legislative, and judicial branches of the pervasively
corrupt, defacto bankrupt u.s. government http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
) . Never in my wildest dreams would I have believed the
level and extent of corruption and criminality within the ranks of the u.s.
government before embarking upon this costly quest for justice and simple
fairness consistent with clear law (infra, regarding ie., the u.s. government’s direct involvement in
the illegal drug trade, etc.). In this civil RICO matter, there are no innocent
bystanders; but rather, perpetrators, accomplices, and co-conspirators. When
the fbi agent initially assigned to this matter (Connecticut) abruptly
resigned/retired shortly after a conversation, though not central to my case,
wherein I had said that rudy giuliani’s father had been an (convicted) enforcer for the mob
(served 12 years? in prison, aggravated assault/manslaughter?) and then sent
him documentation owing to his disbelief. Though ultimately ineffectual
vis-à-vis my case, he was a likeable guy for whom I had and still have regard.
I then spoke with FBI Agent Jeff Rasey upon the aforesaid agent’s departure who somewhat
plaintively (‘my
call being a burden’) told me that ‘he was a Ford, and I was a Ferrari’, which he didn’t explain further. Could
anyone tell me what that means? Initially, at new jersey’s FBI office, I was ‘greeted’ by an FBI Agent who
sarcastically asked me whether I was ‘going to the disco that night’ (the documents including
sworn statements delivered to then u.s. attorney sam alito’s office in the same
building disappeared twice along with the initial assistant u.s. attorney
Jonathan Lacey with whom I had reviewed the documentary evidence, documents and
their probative value http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf . We all can infer sam alito’s reward / quid pro quo
for his cover-up by his current position on the u.s. supreme
court. There was never a question as to maryanne trump barry’s interest in corrupting
the judicial process as related to her brother’s (trump) casinos. Jersey
city by louis freeh, labeled by former Prosecutor Larry Klaiman as the most
corrupt FBI director ever (see infra, mueller seems no different, and certainly
holder’s
impeachable actions and corrupt behavior/cover-ups fit the mold, ie., fast and
furious, race bias favoring blacks, etc.) apparently covered up the RICO
violations as sent to him, and, with italian citizenship and lucrative insider
deals fits the bill. The FBI Agent Jeff Hayes of the Long Beach Office with
whom I reviewed the RICO documents and confirmed same as indicative of (drug)
money laundering was transferred shortly after meeting with him, as has been so
of FBI Agent Bill Lewis (promoted to Washington FBI headquarters) with whom I
discussed the RICO matter and case disks/dvd’s sent to the LA FBI
office (they printed the documents thereon, as per Agent Lewis), Steven
Martinez, ADIC, here in Los Angeles (see infra). So, as regards FBI flaws,
coverup, etc., I have to believe it based on my own experience and reasonable
inference. I’m
currently being ‘stonewalled’ by the LA FBI office since the departure of FBI
Agent Bill Lewis.
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,
· A judgment had been entered in my favor in the case, United States District Court Case #3:93cv02065(AWT)(USDCJ Alvin Thompson), worth approximately now in excess of $300,000 remains unaccounted for and which could be used for payment to creditors, Los Angeles, etc..
· Counsel Robert Sullivan on my behalf documented by way of certification upon investigation that Alan Shiff, USBCJ, had falsely stated a dismissal upon which false statement he predicated a retaliatory and spurious contempt proceeding against me causing substantial damage, and for which he sought Judicial Notice of those and related proceedings as did I in some of my filings.
· The Order of Dismissal With Prejudice by Alan Shiff, USBCJ, owing to Defendant Coan’s failure to file anything whatsoever by the court’s deadline causing creditors and me substantial damages: [ Shiff Order of Dismissal With Prejudice on Coan’s Failure to File Page 1 Page 2 ]
·
Defendant Coan had filed an action against me to
prevent me from suing him which necessitated me to fly to Connecticut for a
hearing before The Honorable Robert N. Chatigny, Chief Judge, USDC, District of
Connecticut, who denied Coan’s requested relief as to Coan but precluded my
action against Shiff (although there is no immunity, judicial or otherwise, for
criminal acts, ie., fraud connected with a case under Title 11, USC, etc.) .
[ transcript in pertinent part - http://albertpeia.com/crossexamofcoanbypeia.pdf
]
· Newly appointed judge, Maryanne Trump Barry, Donald Trump’s sister, was assigned the RICO case despite the conflict of interest in light of hundreds of thousands of dollars of illegal (drug) money being laundered through the Trump casinos by the RICO defendants, and despite my motion to recuse her which motion she heard herself and denied, and U.S. Trustee Hugh Leonard with whom I met personally refused to join or file a separate motion to recuse and not long thereafter left said office for private practice at Cole, Shotz, et als on retainer with the RICO defendants as his primary client.
·
Probative and evidentiary documents, affidavits,
exhibits, including those turned over to FBI Agent Jeff Hayes in Long Beach,
CA, had been given to Assistant U.S. Attorney Jonathan Lacey with whom I met
personally at the U.S. Attorney’s Office in Newark, N.J., at which time Samuel
Alito was U.S. Attorney, and went over said documents and their probative value
with him. Within approximately a month thereafter upon inquiry I was told that
Jonathon Lacey was no longer with the office, that the file/documents could not
be located, and that there was no further information available concerning
contacting him or his location. I thereupon delivered by hand, copies of said
documents to the office of then U.S. Attorney Alito, addressed to him, with
assurance they would go directly to him. In addition to being inept [ I looked
in on the one mob case he had brought, bungled, lost (accidently on purpose?)
since I was suing some mob-connected under RICO and the court (I had known /
previously met outside of court the judge Ackerman through a client) was
absolute bedlam and a total joke since incompetent corrupt Alito brought in all
20 mob defendants (rather than prosecute one or a few to flip them first) who
feigning illness had beds/cots in the courtroom along with their moans during
testimony and had the jury in stitches. As much as I hate the mob, it truly was
funny, if not so tragic.], Alito is also corrupt (and maybe corrupt
because he is inept). After a reasonable (but still rather short) time I called
to determine the status and was told that Alito was no longer with the Office
of the U.S. Attorney, that he was (appointed) a federal judge, and that neither
the documents nor any file or record of same could be located. Alito did parley
the same / cover-up into quid pro quo direct lifetime appointment to the Court
of Appeals, 3rd circuit, despite the absence of judicial experience
or successful tenure as U.S. Attorney (Maryanne Trump Barry as well). This is
the same Sam Alito that now sits on the purported highest court in the land.
The real application of the illegal rule ‘don’t ask, don’t tell’.
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) ]
FROM:
TO:
Wednesday, November 16, 2011 8:48 AM
Dear Mr. Peia:
Thank you for being in
touch. As we continue the busy first session of the 112th
Congress, I want you to know that I am grateful for the various times you have
shared your thoughts and concerns with me on different issues. Please be
assured that your voice is being heard and that your perspective helps me to
better represent you in Washington, D.C.
Sincerely,
LUCILLE ROYBAL-ALLARD
Member of Congress
[ This is a reply to the Congresswoman’s query among others included.]
11-5-11
Dear Congresswoman Roybal-Allard:
The Keynesian (economic) approach, if ever a wise
prescription for ‘economic doldrums’, euphemistically speaking (there are
articles/studies/data that dispute the purported effectiveness of the widely
hailed ‘Keynesian remedy’ during the prior great depression), the ‘Keynesian way’
is certainly no longer a prudent approach today in light of the insurmountable
debt levels of nations worldwide and in america particularly along with the
concomitant over-printed, debased ‘paper currencies’ to finance same. Quite
simply, there simply is not enough real value being created for redistribution,
a situation exacerbated by the parasitic lightening fast, computerized churn
and earn high frequency trading programs on fraudulent wall street (they should
be prosecuted, jailed, fined, and disgorgement imposed for extant frauds in the
trillions now marked to anything as per misguided legislated FASB rule change).
[ America’s debt woe is
worse than Greece’s News
(CNN) — ‘Our government is utterly broke …The government’s total indebtedness
is $211 trillion’. 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
] .This is the consequence of a structural shift fed by greed and misguided
policy and cannot be undone (transfer of productive capacity to ie., China,
etc., ‘the bell cannot be unrung’). That said which militates against such an
extension, this is an election year which probabilities suggest makes highly
likely the passage of the extension. I favor your co-sponsored legislation and
before the holidays simply in the name and spirit of Christmas and for no other
reason whatsoever. Below is a recent comment to Opinion Writer Krauthammer’s
‘more war spending (Keynesian) position’ and an article regarding the folly of
same. Immediately following is from my prior post to you concerning something
of such manageable proportion and well within the government’s ability to
resolve (if the government can’t accomplish this consistent with law and long
overdue, then there isn’t anything the government can accomplish), along with
other comments to you for ease of reference:
‘…As previously noted in a prior message to you, I had previously spoken to FBI Agent Bill Lewis in Washington who was recently promoted to the FBI Headquarters Office (D.C.) from the FBI office here in LA, and who was to be out of the office for the two weeks past. I’ll be contacting him given a reasonable time for him to ‘catch up’, from being out of the office. While independent contractor richard coan is ultimately the one to bear the burden of damages (there’s insurance and a surety covering same), coan might allude to the prior default of the u.s. government (assist. u.s. atty. robert i. lester miscounted / miscalculated the time for filing an answer / response to the complaint upon service thereof, also misstating the rule in open court before corrupt judge matz who ‘schmoozed’ things over (they both have the same employer), however incorrectly according to the ‘law’. I ordered / bought a copy of the transcript of that rather pathetic proceeding (posted in part on my website). In any event, regardless who pays me, the amounts so paid would ultimately be recovered from coan, his insurer/surety which amounts might even exceed the amount I’m willing to settle at. [There is also a judgment (referenced in the correspondence to FBI ADIC Martinez infra) that had been entered in my favor in the case, United States District Court Case #3:93cv02065(AWT)(USDCJ Alvin Thompson), worth approximately now in excess of $300,000 remains unaccounted for and which would benefit Los Angeles, etc.; and then, of course as well, the substantial damages. ] I’ve waited far too long for this matter to resolve, what should have been resolved in accordance with clear law long ago; and, which would have been resolved if not for typical u.s. corruption in the process; and, which is well within the government’s ability to resolve. In my world and way of thinking, results do count! I’ve included prior correspondence for ease of reference…’
Sincerely,
Albert L. Peia
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
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.”
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 }
http://albertpeia.com/willpambondibenextvpus.htm
Tony Blair:
hanging bankers won’t help { Oui; mais, au contraire … a la quillotine avec ils! }
London Telegraph | Public anger over the financial crisis
is wrong and must not lead Britain to “hang bankers at the end of the street,” Tony Blair
says today.
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
] ‘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? One way the CIA keeps their drug trafficking hidden
from public view …’.
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 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!
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 jackson, jr., suffers from psychological disorder(s).
Indeed, at the least, from psychogenic/dissociative amnesia that makes the
aforementioned facts beyond the grasp of his ‘current unreality’. I also
believe that his heavy near everyday powerful pot (choom) use took its toll on
his cognitive functions that have facilitated his outlandish claims and
outright fabrications; exactly what the nation cannot afford in these
critcal/perilous times! }
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 Spain is saved.
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 Chicago pols ( Aah! Riiiiight! Just want 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…In the final analysis, even americans will prove smart enough and not
sufficiently self-destructive enough and as such, will not embrace proven
failure with more proven failure. People must realize 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
(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’ … )
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...
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 New York Post
(which he owns) to ...
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
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:
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
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
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 California http://albertpeia.com/16reasonstomoveawayfromcalifornia.htm
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 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...
http://albertpeia.com/chinamerica.htm
http://albertpeia.com/collapseofderivativesmarket.htm
Lot of whistling down there on wall street as
‘WALL STREET DOES BROADWAY’ (not Main Street mind you, they’re for screwin’) …
Rogers and Hamerstein to be exact with their recurring theme going thusly:
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 California http://albertpeia.com/16reasonstomoveawayfromcalifornia.htm
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 United States has gotten into so much debt
that there will be no coming back from this. The current system is
irretrievably broken…#32 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, by my arithmetic. 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…}
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 Washington…’
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 Chicago Fed on
Bloomberg TV. What a remarkable statement? (Actually, he says this kind of
stuff all the time.) Using his logic you could take anyone off the street and
get something accommodative Evans would sign off on. .. Investigate, and try as
I might, there isn’t much reason to rally beyond the powers of the Fed’s printing
press and some oversold conditions. As mentioned previously, let’s not
forget quad-witching Friday and portfolio manager bonuses due at quarter end.
Sure it’s cynical but it’s a fact. The roller coaster ride of uncertainty
continues causing investors to sell and shorts to be squeezed. It’s a
manipulated algo driven affair. So it’s no wonder many investors have fled markets seeking
safety in bonds or mattress money generally. .. ( from Dave’s Daily: http://albertpeia.com/dave.htm )
Americans' net worth falls 40% from 2007-2010
Just in! Beat the devil(s)! No,
not that Humphrey Bogart film from years ago of that same title; but rather,
beat the devils as in jersey devils, as in LA Kings just beat the devils of
that sordid, corrupt, mob-overrun, disgusting state of new jersey. I hope I
don’t sound like a ‘fair-weather fan’, but I’m now an LA Kings fan for life!
Congratulations to the Champion LA Kings! { I really hate new jersey! http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm }
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 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 ]
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 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.
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 U.S.
tax code is a complete and utter abomination and it needs to be thrown out
entirely. Nobody in their right mind would ever read the whole thing - it
is over 3 million words long. Each year, Americans spend billions of
hours and hundreds of billions of
dollars trying to comply with federal tax requirements. Sadly, it is
the honest, hard working Americans in the middle class that always get hit the
hardest. The tax code is absolutely riddled with loopholes that big
corporations and the ultra-wealthy use to minimize their tax burdens as much as
possible. Many poor people do not pay any income taxes at all. The
dishonest are rewarded for cheating on their taxes (if they can get away with
it) and the ultra-wealthy have moved trillions of dollars to offshore tax
havens where they can avoid U.S. taxation altogether. Our system is
incredibly unfair to the millions of hard working people in the middle class
and upper middle class that drag themselves out of bed and go to work each day
and try to do the right thing. In addition, the current U.S. tax system
is incredibly inefficient, it diverts a tremendous amount of resources away
from more valuable economic activities, and it has chased thousands of
businesses and trillions of dollars out of the United States. The U.S.
tax code is such a complete and utter mess at this point that it can never be
"fixed". The only rational thing to do is to abolish it
completely, and any politician that tells you otherwise is lying to you.
The following are 24 outrageous facts about taxes in
the United States that will blow your mind....
#1 - The U.S.
tax code is now 3.8 million words long. If you
took all of William Shakespeare's works and collected them together, the entire
collection would only be about 900,000 words long.
#2 -
According to the National Taxpayers Union, U.S. taxpayers spend more than 7.6 billion hours
complying with federal tax requirements. Imagine what our society would
look like if all that time was spent on more economically profitable
activities.
#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 Union, the IRS currently has 1,999 different publications, forms, and
instruction sheets that you can download from the IRS website.
#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
U.S. government first implemented a personal income tax back in 1913, the vast
majority of the population paid a rate of just 1 percent, and the highest marginal tax rate was just 7 percent.
#11 -
Residents of New Jersey pay $1.64 in taxes for every $1.00 of federal
spending that they get back.
#12 - The
United States is the only nation on the planet that tries to tax citizens on what they
earn in foreign countries.
#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 United States pay approximately 86 percent
of all federal income taxes.
#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
United States has the highest corporate tax rate in the world (35
percent). In Ireland, the corporate tax rate is only 12.5 percent.
This is causing thousands of corporations to move operations out of the United
States and into other countries.
#18 - Some tax
havens are doing a booming business in setting up sham headquarters for U.S.
corporations. For example, the city of Zug, Switzerland only has a
population of 26,000 people but it is the headquarters for 30,000 companies.
#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 U.S. corporations are able to get away with is
absolutely amazing.
The following figures come directly out of a report by Citizens
for Tax Justice. These are combined figures for the tax years 2008,
2009 and 2010.
During those three years, all of the corporations
below made a lot of money. Yet all of them paid net taxes that were below
zero for those three years combined.
How is that possible? Well, it turns out that
instead of paying in taxes to the federal government, they were actually
getting money back.
So for these corporations, their rate of taxation was
actually below zero.
If you have not seen these before, you are going to
have a hard time believing some of these statistics.....
*Honeywell*
Profits: $4.9 billion
Taxes: -$34 million
*Fed Ex*
Profits: $3 billion
Taxes: -$23 million
*Wells Fargo*
Profits: $49.37 billion
Taxes: -$681 million
*Boeing*
Profits: $9.7 billion
Taxes: -$178 million
*Verizon*
Profits: $32.5 billion
Taxes: -$951 million
*Dupont*
Profits: $2.1 billion
Taxes -$72 million
*American Electric Power*
Profits: $5.89 billion
Taxes -$545 million
*General Electric*
Profits: $7.7 billion
Taxes: -$4.7 billion
Are you starting to get the picture?
#21 -
Exxon-Mobil paid $15 billion in taxes in 2009, but not a single penny went to the
U.S. government.
#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 U.S., rose 6
percent on average on each of the last 30 years of tax filing days compared
with a day during the week prior and a week later, according to research
published in the Journal of the American Medical Association.
#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 Telephone
State And Local Taxes
#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 U.S. Census Bureau, there are 3.8
million full-time and 1.5 million part-time employees on state payrolls. Local
governments add a further 11 million full-time and 3.2 million part-time
personnel. This means that state and local governments combined employ 19.5
million Americans.
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 Washington D.C. so
I know what pushing paper around is all about.
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 U.S. taxpayers going to get sick and tired
of paying for all of this?
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.’
http://www.albertpeia.com/whitesvictimizedbyblacks.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-à-vis the debased Weimar dollar http://albertpeia.com/10reasonsdollarreservecurrencyending.htm , who’s
delusional http://albertpeia.com/bunglerbenfedfedsfailure.htm
. He’s a total fraud!
]
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
{
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
http://albertpeia.com/19signsveryseriouseconomictroubleonhorizon.htm
Obama: ‘If I had a son, he’d look like Trayvon.’ [ Yeah!
He’d look just like any other nigger. And, don’t worry about the black vote,
failed president wobama the b for b***s*** will get, nearly if not all, 100% of
the nigger vote! Drudgereport: Farrakhan
Threatens 'Retaliation'… [ Retaliation? Can you imagine the number of blacks
that would have to be retaliated against based upon the hushed reality of the
prevalence of black on white crime? The blacks should be careful what they wish
for in playing that game because the facts don’t break in their favor. ] ...
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.
http://albertpeia.com/blackonwhitecrime.htm
http://www.albertpeia.com/whitesvictimizedbyblacks.htm
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. ]
Drudgereport:
Obama gets
personal over killing of black Florida teenager...
Urges
'soul-searching'...
More Miami
schools stage mass walk-outs...
Gingrich
calls Obama's Trayvon comments 'disgraceful'...
Cops: Man
threatened to kill police chief at center of case...
Jeb Bush:
'Stand your ground' invalid here...
Miami Heat
Players Don Hoodies...
'Dead or
Alive' Poster Issued by New Black Panther Party... [ ‘Minority
Report’ Division of Pre-Crime, Pre-Cogs say, ‘Dead or Alive – all niggers’ …
whatever the outcome in the investigative process, the stark reality is that at
least, unlike the niggers committing many more ‘black on white’ violent
crimes, Zimmerman (and this is no
endorsement – I won’t be looking at this one incident all that closely) was at
least trying to do a good thing made necessary by the ever increasing number of
brutal crimes committed by the black thugs in neighborhoods across the nation;
then there’s somalian pirates, etc.. People domestically and internationally
are suffering from nigger-fatigue and are totally niggered out. Oh, yeah, there
are some Hollywood types who feel good about themselves having niggers around
and helping niggers to help them feel better than they really are, insecure as
they are, by being better than at least someone beyond fantasy. Loony george
clooney is one. Dreadfully boring and with that monotone, monotonous voice and
not that bright, he’s not even able to fake it on screen as an action hero
(ie., batman, what a horrific miscast) wimpy pussy in reality that he is; then
there’s the ‘black (sean) penn’ who cried like a baby while incarcerated for a
couple of days not that long ago. The atheist jolie, so fatherly troubled as
she is, has let the equally mentally troubled pitt (she so nutty she makes him
feel somewhat sane though still not too bright) and pendulum ‘backwoods bob’ be
the closest she’s gotten to her black projects. Let them live anonomously (in
disguise) with the niggers for some time for a real close look and then see
what’s left of their predisposed love for the nigger. Then there’s the italian
scallion, booby deniro; drug addled as his black wife high-tower, what a total
embarrassment to Italians everywhere; even as he tried to ingratiate himself
recently with niggers everywhere and particularly national embarrassment mammy
michele with the embarrassing pro-nigger first lady remark.. [ Send the niggers back to sub-saharan
Africa! ]
'BLACK
NIGGERS [ NOT WHITES BY NIGGERS THE IMPLICATION DESPITE FACTUAL DATA TO THE
CONTRARY ] ARE UNDER ATTACK [ SAYS
NIGGER SHAKEDOWN ARTIST JACKSON] ' [ Hold on one cotton-pickin’
minute jesse, that’s not what the facts say Obama: ‘If I had a son, he’d look like Trayvon.’ [ Yeah! He’d
look just like any other nigger. And, don’t worry about the black vote, failed
president wobama the b for b***s*** will get nearly if not all, 100% of the
nigger vote! Drudgereport: Farrakhan
Threatens 'Retaliation'… [ Retaliation? Can you imagine the number of blacks
that would have to be retaliated against based upon the hushed reality of the
prevalence of black on white crime? The blacks should be careful what they wish
for in playing that game because the facts don’t break in their favor. ] ...
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.
http://www.albertpeia.com/whitesvictimizedbyblacks.htm
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! ]
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
America is broke? Why they surge of course....
{ 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 America is going to look like?
Just check out what is happening to Detroit.
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.
RealClearMarkets
- Gary Shilling: New Global Recession Is Here (It’s actually
a depression and no nation will be spared!) http://www.marketwatch.com/story/shilling-says-new-global-recession-is-here-2012-01-20?link=MW_story_popular
By Howard Gold NEW YORK (MarketWatch)
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 U.S. bond fund. Mr. Gundlach was recently interviewed by the
Financial Times. He does not subscribe to the theory European leaders can “put
a Band Aid on a system which didn’t break a week ago…’
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 New England
real estate consultant and developer who is “fearful about the
impending winter. The world seems to be perilously close to economic disaster
and depression, and folks are rushing out to buy gold and guns.” ‘
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 Europe’s sovereign debt
agony has been one overriding, but overlooked factor that will increasingly
distort economies and the financial markets as 2012 unfolds: the
Zero-Interest-Rate-Policy. ZIRP is now as encompassing and pervasive as the air
we breathe, and this in itself is unprecedented.
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 US debt is paying zero or near zero interest, as is trillions more
debt in Japan and elsewhere. This unprecedented situation has contributed to
the worsening pension crisis, the unnaturally buoyant equity markets, the
rescue of US banks, the need for quantitative easing, and even the bull market
in gold. It has spectacularly failed in its originally trumpeted mission to
restart lending to the consumer (the money multiplier is still near all-time
lows). And now, central bankers are discovering that ZIRP is a poisoned
chalice.
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 Japan started with ZIRP, its debt to
GDP ratio was 40%. In 2003 it was 93%. Now it’s 234%, and Japan’s aging buyers
(Japanese purchase 95% of the country’s new debt) are starting to spend for
their retirement, rather than save. Across the Pacific in the US, debt-to-GDP
was 57% in 2000; in 2008, when the US adopted ZIRP, debt to GDP was about 68%;
in the three years since it has risen to 99%.
The US did begin to approach ZIRP earlier in the last decade when Alan
Greenspan drastically cut rates to 1% to restart a frozen credit market. That
was a defensible response to a liquidity crisis, but Greenspan kept the policy
too long, fueling the housing and credit bubbles, and setting the stage for the
crash of 2008. ZIRP is like a opium-based painkiller. It might get you through
a crisis (if there isn’t the political will for a restructuring), but chronic
use is addictive and debilitating. The mechanics of the addiction are simple:
the more debt-burdened an economy becomes, the more additional debt it needs
for growth, and the less growth we get for the increment. This is termed debt
saturation. A dollar of new debt in 1960 produced about 90 cents of additional
GDP. That ratio turned negative in the last couple of years.
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 US debt is
just 4.6% higher than it was in 2007 and virtually the same as in 2008 despite
the fact that the debt has exploded since those years. The average rate the US
pays on debt is about 3%, and is coming down as roughly half the debt gets
rolled each year.
|
|
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 US policy into 2013. If the
natural buyers get wary, there is always the Fed to buy the debt. What we saw
earlier this year was that even as the Chinese balked at buying treasuries
(down from 47% of new issuance in 2006 to 5% in 2010), the Fed stepped in
through quantitative easing to buy the lion’s share of new debt. That
program ended in July, but then, in the nick of time, the European sovereign
debt crisis went critical, and prompted foreign buyers to show up (and the FED
is still in there as it reinvests proceeds as securities roll off its balance
sheet). Should the flight to safety
abate, it’s
highly likely QE will resume if only because this is a treadmill from which
there is no escape (a recognition of which may have played into the historic
S&P downgrade of US debt).
http://image.minyanville.com/assets/FCK_Jan2011/images/Lila/eugenechart1.JPG
How long can this continue? In Japan it has continued for nearly 20 years,
thanks to a thrifty population with $17 trillion in savings. But even that
party is approaching endgame. Its massive debt has already been downgraded, now
Aa3, but it still pays less than Germany, with an average interest expense of
1.12% this year. Japan’s problem is that its aging savers are becoming
spenders (the savings rate dropped to 3% this year) and the population has
dropped 3% in the past few years as well. So it has fewer, cash-flow negative
citizens to absorb ever more debt. Long term rates and dollar swaptions have
already started to edge up, and, having run huge deficits since the
inauguration of ZIRP in 1993, Japan has little capacity to endure an interest
rate hike. According to Kyle Bass, who analogizes a Japan short to the subprime
play in 2007-08, a 100 basis point rise in debt service costs would consume an
additional 25% of tax revenue. Disregard any talk that might come from Japan
about raising interest rates, it simply cannot happen.
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 Israel.
The transmission
mechanism is the carry trade. Starting in 2009, despite its precarious
geopolitical situation, Israel saw its currency strengthen as investors came in
searching for yield. According to Michael Pomerleano writing in the Financial
Times, as the shekel strengthened against the dollar, its central bank was
forced to intervene to buy Shekel’s lower interest rates and weaken the currency, even
though the bank actually wanted to raise rates to combat alarming inflation in
the housing sector.
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 Mideast
were also huge holders of bank shares and debt and threatened mutually assured
destruction if they were forced to write down these holdings. Another, simpler
explanation, is that US pension funds were also huge holders of shares and debt
of the banks as well as of mortgage-backed securities, and that an omnibus
write down of all these assets would cause a pension crisis the likes of which
this country had never seen.
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 Japan has done and string out ZIRP until
something –
internal or external – forces a change.
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 China economy, and a host of US issues, also
cloud the future. For the moment ZIRP hovers at the edges of the mindspace of a
financial community focused on Europe and other critical issues. But, make no
mistake, we’re
in unknown territory as far as knowing at what constitute’s ZIRP’s event horizon, the point
beyond which there is no escape. Has Japan crossed that point? Is the US
approaching it? One hopes that we don’t discover this answer in retrospect.
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 America in
decline? That is a very provocative question. I have found that
most people that hate the United States are very eager to agree that America is
in decline, while a lot of those that love the United States are very hesitant
to admit that America is in decline. Well, I am proud to be an American,
but I cannot lie and tell you that America is doing just fine. The pieces
of evidence compiled below are undeniable. Our economy is deathly ill and
is rapidly getting worse. We were handed the keys to the greatest
economic machine in the history of the world and we have wrecked it. But
until we are willing to look in the mirror and admit how bad things have
gotten, we won’t be ready for the solutions that are
necessary. The truth is that there are things that we can do to reverse
the decline. It does not have to be permanent. We have gotten away
from the things that made America great, and we need to admit that we are on
the wrong path and start fixing this country. But if we choose to continue
down the road that we are currently on, it will lead us into the darkest
chapters in American history.
The following are 40
undeniable pieces of evidence that show that America is in decline….
#1 Back in 1985, 11 million vehicles were sold in
America. In 2009, only 5.4 million vehicles were sold in
America.
#2 In 1990, the median age of a vehicle in the United
States was just 6.5 years. Today, the median age of
a vehicle in the United States is approximately 10 years.
#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 United States without
a permanent home has increased by 38 percent since 2007.
#6 A decade ago, the United States was ranked number
one in average wealth per adult. By 2010, the United States had fallen to seventh.
#7 The U.S. tax code is now more than 50,000 pages longer than it used to be.
#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
U.S. has fallen to 12th.
#10 After adjusting for inflation, U.S. college students
are borrowing about twice as much money
as they did a decade ago.
#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, U.S. infrastructure is ranked 23rd.
#14 Since December 2007, median household income in the
United States has declined by a total of 6.8% once you account for inflation.
#15 Since the year 2000, incomes for U.S. households led
by someone between the ages of 25 and 34 have fallen by about 12 percent after you
adjust for inflation.
#16 According to U.S. Representative Betty Sutton,
America has lost an average of 15 manufacturing
facilities a day over the last 10 years. During 2010 it got even
worse. Last year, an average of 23 manufacturing
facilities a day shut down in the United States.
#17 In all, more than 56,000 manufacturing
facilities in the United States have shut down since 2001.
#18 The United States has lost a staggering 32
percent of its manufacturing jobs since the year 2000.
#19 Manufacturing employment in the U.S. computer
industry was actually lower in 2010 than it was in 1975.
#20 In 1959, manufacturing represented 28 percent of all U.S. economic
output. In 2008, it represented only 11.5 percent.
#21 The television manufacturing industry began in the
United States. So how many televisions are manufactured in the United
States today? According to Princeton University economist Alan S.
Blinder, the grand total is zero.
#22 The U.S. trade deficit with China in 2010 was 27 times larger than it was back in 1990.
#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
United States were low income jobs. Today, more than 40% of all jobs in the
United States are low income jobs.
#26 The size of the economy in India is projected
to surpass the size of the U.S. economy by the year 2050.
#27 One prominent economist believes that the Chinese
economy will be three times larger
than the U.S. economy by the year 2040.
#28 In 2001, the United States ranked fourth in the
world in per capita broadband Internet use. Today it ranks 15th.
#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 U.S. government began keeping statistics on this back in 1959.
#31 According to the U.S. Census Bureau, 6.7% of all Americans are living in “extreme poverty”, and that is the highest
level that has ever been recorded before.
#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 UK and in France the child poverty rate is well under 10 percent.
#33 As I wrote about the other day, since 2007 the number of children
living in poverty in the state of California has increased by 30 percent.
#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 U.S. banks increased by 39 percent between September 30, 2006
and September 30, 2011.
#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 U.S. government
has accumulated more debt than it did from the time that George Washington took
office to the time
that Bill Clinton took office.
#40 The U.S. national debt is now nearly 15 times larger than it was just 30 years ago.
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 America.
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 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.
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 America
will continue to accelerate.
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 Italy and France than the
debt overhang in the U.S. Italy has $2.46 trillion of debt to a $2
trillion GDP. As Vice President Biden puts it “We did our bailout. They’ve got to do their
bailout.”
The posturing has been limited to letting nations borrow cheaply to add on more
debt so as not to default.
#2. The
ramification for the US from Europe is a reduction of 1%
growth in US GDP– which means much less growth than might have been
expected. This, in turn, puts added stress on valuations in our financial
markets, where multiples of earnings are expected to slide as investors run
away from risk-on assets.
#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 China, upheaval that affects move to consumer economy,
and lack of leadership from 10% of global economy.
Derivatives
group spent $674K lobbying in Q3 AP
PORTER STANSBERRY OF
STANSBERRY RESEARCH
THE CORRUPTION OF
AMERICA
The numbers tell us
America is in decline... if not outright collapse.
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 America today tell a painful story about a country
in a steep decline, beset by problems of its own making.
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 America's standard
of living.
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 America's decline... or be
satisfied with a vastly lower standard of living in the future.
How do I know? How do I
statistically define the decline of America?
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 America growing
richer or poorer based on per-capita GDP? Seems like a simple enough question,
doesn't it? Is our economy growing faster than our population? Are we, as
individuals, becoming more affluent? Or is the pie, measured on a per-person
basis, growing smaller?
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 U.S.
production, which is measured in dollars) was manipulated higher for many
years.
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 U.S. per-capita GDP, as
measured on a real-world purchasing power basis.
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.
America is in a steep
decline.
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 America.
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 U.S. is almost 10 years.
Our data shows that real
per-capita wealth peaked in the late 1960s. Guess when we find the absolutely
lowest median age of the U.S. fleet? In 1969. At the end of the 1960s, the
median age of all the cars on the road in the U.S. was only 5.1 years. Even as
recently as 1990, the median age was only 6.5 years.
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 State of Young America," November 2011.)
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 America. It is also the old.
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 Joint
Center for Housing Studies.
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
USA Today, lower- and middle-income Americans aged 65 and older now carry an
average of more than $10,000 in credit card debt, up 26% since only 2005.
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
Florida and spend their retirement in comfort?
Older Americans living
with credit card debt! This doesn't sound like America, does it? Or maybe it
does.
My bet is that most of
my subscribers know that something has gone terribly wrong with America. It's
not easy to figure out how all of this happened... but you know from your own
experiences that these numbers aren't wrong. It might not be pleasant to think
about... but these figures paint a sad but accurate picture: America is not the
country it was 40 years ago. These changes are warping our economy, politics,
and culture.
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 America.
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
America isn't happening in one part of our country... or in one type of
institution. It is happening across the landscape of our society, in almost
every institution. It's a kind of moral decay... a kind of greed... a kind of
desperate grasp for power... And it's destroying our nation.
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
New York City in late July 2008. This was about two weeks after he testified to
Congress that Fannie Mae and Freddie Mac were "well-capitalized."
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 U.S. Treasury secretary was saying exactly the opposite. Either I
was a liar... or he was.
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 U.S. government would have to take them over... And their
shareholders would be completely wiped out.
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 New
York.)
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 America.
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 U.S. economy has become, then they will just
keep falling for the same old lies that our politicians keep telling
them. Just “tweaking” things here and there is not going to fix this
economy. We truly do need a fundamental change in direction.
America is consuming far more wealth than it is producing and our debt is
absolutely exploding. If we stay on this current path, an economic
collapse is inevitable. Hopefully the crazy economic numbers from 2011
that I have included in this article will be shocking enough to wake some
people up.
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 U.S. economic crisis
with your family and friends. If we all work together, hopefully we can
get millions of people to wake up and realize that “business as usual” will result in a
national economic apocalypse.
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 United
States are living in homes that are either considered to be “low income” or impoverished.
#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 U.S. government
would be up to 11 percent.
#4 The average amount of time that a worker stays
unemployed in the United States is now over 40 weeks.
#5 One recent survey found that 77 percent of all U.S. small businesses
do not plan to hire any more workers.
#6 There are fewer payroll jobs in the United States
today than there were back in
2000 even though we have added 30 million extra people to the population
since then.
#7 Since December 2007, median household income in the
United States has declined by a total of 6.8% once you account for inflation.
#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 Gallup poll from earlier this year found
that approximately one
out of every five Americans that do have a job consider themselves to be
underemployed.
#10 According to author Paul Osterman, about 20 percent of all U.S. adults are
currently working jobs that pay poverty-level wages.
#11 Back in 1980, less than 30% of all jobs in the
United States were low income jobs. Today, more than 40% of all jobs in the
United States are low income jobs.
#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 U.S. households declined by 4.1 percent in the 3rd quarter of 2011
alone.
#15 According to a recent study conducted by the
BlackRock Investment Institute, the ratio of household debt to personal income
in the United States is now 154 percent.
#16 As the economy has slowed down, so has the number of
marriages. According to a Pew Research Center analysis, only 51 percent of all Americans that are at
least 18 years old are currently married. Back in 1960, 72 percentof all U.S. adults were
married.
#17 The U.S. Postal Service has lost more than 5 billion dollars over the past
year.
#18 In Stockton, California home prices have
declined 64 percent from where they were at when
the housing market peaked.
#19 Nevada has had the highest foreclosure rate in the
nation for 59 monthsin a row.
#20 If you can believe it, the median price of a home in
Detroit is now just $6000.
#21 According to the U.S. Census Bureau, 18 percent of all homes in the state of
Florida are sitting vacant. That figure is 63 percent larger than it was
just ten years ago.
#22 New home construction in the United States is on
pace to set a brand new all-time
record low in 2011.
#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 United States have risen
faster than the overall rate of inflation for five years in a row.
#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 United States spends about 4 dollars on goods and
services from China for every one dollar that China spends on goods and
services from the United States.
#29 It is being projected that the U.S. trade deficit
for 2011 will be 558.2 billion dollars.
#30 The retirement crisis in the United States just
continues to get worse. 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.
#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 America’s
biggest companies rose by 36.5% in just one recent 12 month period.
#33 Today, the “too big to fail” banks are larger than
ever. The total assets of the six largest U.S. banks increased by 39 percent between September 30, 2006
and September 30, 2011.
#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 U.S. households that
are led by someone under the age of 35 have a net worth of zero or less than
zero.
#37 A higher percentage of Americans is living in extreme poverty (6.7%) than has ever been measured
before.
#38 Child homelessness in the United States is now 33 percent higher than it was back in
2007.
#39 Since 2007, the number of children living in poverty
in the state of California has increased by 30 percent.
#40 Sadly, child poverty is absolutely exploding all over
America. According to the National Center for Children in Poverty, 36.4% of all children that live in Philadelphia are living in
poverty, 40.1% of all children that live in Atlanta
are living in poverty, 52.6% of all children that live in Cleveland are living in
poverty and 53.6% of all children that live in Detroit
are living in poverty.
#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 U.S. federal government
had a budget deficit ofnearly 1.3 trillion dollars.
That was the third year in a row that our budget deficit has topped one
trillion dollars.
#46 If Bill Gates gave every single penny of his fortune
to the U.S. government, it would only cover the U.S. budget deficit for about 15 days.
#47 Amazingly, the U.S. government has now accumulated a
total debt of 15 trillion dollars. When Barack Obama
first took office the national debt was just 10.6 trillion dollars.
#48 If the federal government began right at this moment
to repay the U.S. national debt at a rate of one dollar per second, it would
take over 440,000 years to pay off
the national debt.
#49 The U.S. national debt has been increasing by an
average of more than 4 billion
dollars per day since the beginning of the Obama administration.
#50 During the Obama administration, the U.S. government
has accumulated more debt than it did from the time that George Washington took
office to the time
that Bill Clinton took office.
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
U.S. economy would be in far better shape. The federal government needs
to shut down the Federal Reserve and
start issuing currency that is not debt-based. That would be a very
significant step toward restoring prosperity to America.
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 U.S.
economy. It is late in the 4th quarter, we have accumulated over 50 trillion dollars of total debt as
a nation, and our economic guts are being ripped out at a rate that is almost
impossible to believe. The game is essentially over and we are headed for
an incredible amount of economic pain as a nation.
We desperately need a “political Tim Tebow” to come along to
dismantle our current debt-based economic system. But instead, the
corrupt politicians in Washington D.C. just keep patching up our current system
and hope that somehow it will recover.
Unfortunately, this is
about as good as things are going to get for the U.S. economy. The
federal government and the Federal Reserve are already pushing things to the “red line”, and all of that effort
has not accomplished much.
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 U.S.
economy, it is vitally important to look at the balance sheet numbers and the
long-term trends.
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 United States is still well over 20 percent.
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 U.S. today than there were
a decade ago.
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 United States has declined by a total of 6.8%once you account for inflation.
So why is this
happening? Well, as I wrote about recently, the United States has the
worst balance of trade in the entire world by far.
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 United States last year.
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 U.S. has
lost a total of more than 56,000 manufacturing
facilities since 2001.
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 Saudi Arabia suddenly decided to quit shipping us oil or if China
suddenly decided to quit shipping us cheap plastic products to sell in our
stores?
Right now, businesses
are absolutely racing to get out of the United States. Big corporations
are shipping as many jobs as they possibly can out of the country. Our
insane economic policies have turned American workers into tremendous
liabilities.
One economist from
Princeton University is warning that 40
million more U.S. jobs could be sent offshore over the next two decades if
nothing is done to stop this.
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 California has increased by 30 percent.
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 Gallup poll
found that an all-time record 76 percent of all Americans believe that
most members of Congress do not deserve to be reelected.
But when election time
rolls around, they will probably send most of them back to Washington D.C.
anyway.
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 U.S. government has accumulated more debt than it did from
the time that George Washington took office to the time
that Bill Clinton took office. That is a recipe for national
financial suicide.
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.
Germany has kept the
focus exclusively on fiscal deficits even though everybody must understand by
now that this crisis was not caused by fiscal deficits (except in the case of
Greece). Spain and Ireland were in surplus, and Italy had a primary surplus.
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 United States.
Meanwhile, the economies
of China and Japan are also steamrolling toward recession.
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
U.S. banks controlled 55 percent of all U.S. banking
assets. Right now, the top 10 U.S. banks control 77 percent of all U.S. banking assets.
Today, the “too big to fail” banks are larger than
ever. The total assets of the six largest U.S. banks increased by 39 percent between September 30, 2006 and
September 30, 2011.
So 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 United States.
*The poorest 50 percent
of all Americans collectively own just 2.5% of all the wealth in the United
States.
*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 Washington D.C., but
instead the Democrats and the Republicans look like they just plan to give us
more of the same.
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
America”
then you are going to be incredibly disappointed.
Sadly, we just do not
have nearly enough men like Tim Tebow in America today. The
following comes from a recent profile of Tebow that recently appeared in the Wall Street Journal….
While at Florida,
Mr. Tebow became well known for spending his summers helping the poor and needy
in the Philippines. He also spoke in prisons and appeared to accept every
opportunity to volunteer. He encouraged his teammates and classmates to follow
his lead.
You can see video of Tim
Tebow speaking to a group of prisoners at the Lake City Correctional Facility
while he was still attending the University of Floridaright here.
Unfortunately, there is
no “Tim
Tebow comeback” on the horizon for the U.S. economy at this point.
But when the U.S.
economy does get worse, we can take a cue from Tim Tebow and be very generous
with those in need. There are going to be a lot of people that will be
really hurting, and those of us that have been blessed should do what we can to
help them out.
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 U.S. economy.
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 U.S.
will force the world to follow and trigger a global growth boom and new long
wave spring. The fair-tax makes even more sense, but that is likely asking too
much of politicians that appear to have trouble understanding that they were
not elected to only enrich themselves. Have courage, this ilk is on the way
out. Most politicians believe tax reform is granting tax breaks in the tax code
for kickbacks in one form of another.
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
U.S. Federal Reserve and promise unlimited quantitative easing (QE) has reached
a fevered pitch. The ECB has been buying sovereign bonds on the margin, but the
idea of the ECB ratcheting up the buying of any bonds issued by the profligate
politicians is a low road choice by any standard. It is repulsive to those
accustomed to living within their means and not interested in financing those
that who do not.
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
Europe. There is hope that Europe could switch to the high road, and force the
U.S. and Asia to follow. This week we learned that the new ECB president Mario
Draghi is suggesting that the ECB does not intend to backstop governments that
cannot balance their budgets, or failing banks that fund them. German
Chancellor Angela Merkel is suggesting government must bring their budgets
under control before they receive any help from the ECB. In short, Europe is
considering taking the high road. If they do, they could force the U.S. and
even the world to follow. Merkel and Draghi are pointing us toward the high
road. Those clamoring for more QE to off load their bad debts on you, your
children and your grandchildren, so they can get their Christmas bonuses,
typically work the tollgates on the low road.
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 U.S. Federal Reserve by becoming the buyer of last resort.
This is clearly a low road option. If the ECB caves to this pressure, odds rise
sharply that the low road is our destiny. If the infrastructure obsessed Bank
of China (BOC) keeps the monetary pedal to the metal it will also indicate the
low road may be the one the world travels, but they may just take their cue
from the ECB. There is evidence that even some of the leaders of
communist-capitalism can recognize the advantages of the high road.
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 U.S. and in Europe, not just smaller
increases, and aggressive pro-growth corporate tax reform; not endless talk,
but action. On the high road, the decline of the business cycle will sharper
and swifter than most expect. Required writedowns of bad debt investments,
necessary government spending cuts and debt deleveraging will not come without
pain. On the high road the decline of the business cycle will most likely be a
sharp V shaped deflationary recession/depression into late 2012, and possibly
mid-2013.
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 US,
we're also seeing signs of weakness. And since we live in a world of
international trade, the world's woes will hit us. (Read
more: http://www.minyanville.com/businessmarkets/articles/eurozone-euro-eurozone-crisis-sovereign-debt/12/9/2011/id/38294#ixzz1g7Hfhu3K)
‘In case you haven’t noticed, the rest of the world continues to slow
down and the negative data
is accelerating. The big powerhouses of the world, the eurozone (including
Germany), Japan, and China are leading this trend and there is no reason to
believe that the U.S. will not follow.
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 Europe’s sovereign-debt
turmoil.”
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 China has raised its main interest
rate three times this year to fight inflation. India’s
central bank lifted rates on Oct. 25 by a quarter of a percentage point, while
signaling it was nearing the end of its record cycle of increases as the
economy cooled.
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 economy relies on the West for its exports, and as a result:
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. China will have more booms and the
eurozone will also stagnate as well. Japan will continue to go
"Japanese," and depending on what the Fed does, it is likely we’ll go Japanese as well.
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 US
economy is heading for a fall.
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 US trade deficit
unexpectedly improved in September, but a significant part of it appears to
have been related to flight to safety to gold during September’s weak financial
markets. The September trade gap shrank to $43.1 billion from $44.9 billion in
August. The latest shortfall was narrower than analysts’ expectations for a $46.3
billion deficit. Exports gained 1.4 percent after edging up 0.1 percent in
August. Imports rose 0.3 percent in September, following a 0.2 percent decline
the prior month.
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 US securities, at $68.6 billion
in September following August’s revised $58.0 billion. These follow inflows of
only $9.1 billion and $4.1 billion in the two prior months. US investors,
repatriating their funds, were small net sellers of foreign securities in
September. But increasing demand for US securities is narrowly based into
Treasuries in contrast to outflows for corporate bonds and especially US
equities which is no surprise given the general move into safety and away from
risk. Net outflows from equities were a very steep $19.2 billion in September
following August’s $6.5 billion outflow.
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 America was in a “parlous fiscal condition” and that the “gusher” of military spending
that followed Sept. 11, 2001, must be capped. “We can’t have a strong military
if we have a weak economy,” Gates told reporters who covered the Kansas speech.
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, America’s top military leaders and economists say that would
be a very bad idea.
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 Middle East weakens national security
and increases terrorism. See this, this, this, this, this, this and this.
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.,
US Congress, Joint Economic Committee, 2002). First, the capital stock (human
and physical) of a country is reduced as a result of terrorist attacks. Second,
the terrorist threat induces higher levels of uncertainty. Third, terrorism
promotes increases in counter-terrorism expenditures, drawing resources from
productive sectors for use in security. Fourth, terrorism is known to affect
negatively specific industries such as tourism.
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
naïve 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
U.S. economy into this deleveraging mess and there is clearly no painless “quick fix” towards bringing
household debt into historical realignment with the level of assets and income
to support the prevailing level of liabilities. We are talking about $5
trillion of excess debt that has to be extinguished either by paying it down or
by walking away from it (or having it socialized). Look, we can understand the
need to be optimistic, but it is essential that we recognize the type of market
and economic backdrop we are in.
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
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
----------
*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-à-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} [ or, go directly to today’s national/world
headlines ]
Compendium of
Important Business / National / World News / Topics / Articles / Headlines
http://albertpeia.com/articlelinkspage3.htm
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 corrupt 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.]
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%! Gallup
| Americans’ satisfaction with the way things are going in the United States
has fallen back to 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 Syria.
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!
America mother of hoods and apple new york (n.j. metro) fraudulent pie!
Bestiality? What’s next? Legalized pedophilia? Ask p.s. football’s ‘frolicking
manchild’ sandusky! ]
NEW HEADLINES
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.
USA
#1? 40 Embarrassing Things That America Is The Best In The World At http://albertpeia.com/40badthingsusa#1.htm
http://www.albertpeia.com/whitesvictimizedbyblacks.htm
Prisonplanet.com | Alex runs down Sarkozy’s call to
lock up people who dare surf “extremist” websites on the web.
[ Little
nicky is so pathetic and a testament to how far france has fallen. Former
‘mossady’, this pro-zionist incompetent has really pulled france down,
including his affront by ejecting his French wife in favor of the ‘experienced’
italian carla bruni, while midstream in public office no less. Like obama, he
sounded like the ‘old biddies’ they are in plaintively expressing their
displeasure with the bloodthirsty incompetent war-monger netanayahu (that
‘leave the microphone trick’). How pathetic for the world to have such failed
leadership. The problem is, as with Galileo, Copernicus, etc., what if the
‘extremists’ are right? 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 And, who determines what’s extreme? ] Obama: ‘If I had a son, he’d look like Trayvon.’ [ Yeah! He’d
look just like any other nigger. And, don’t worry about the black vote, failed
president wobama the b for b***s*** will get nearly 100% of the nigger vote, no
matter what! Drudgereport: Farrakhan
Threatens 'Retaliation'… [ Retaliation? Can you imagine the number of blacks
that would have to be retaliated against based upon the hushed reality of the
prevalence of black on white crime? The blacks should be careful what they wish
for in playing that game because the facts don’t break in their favor. ] ...
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.
http://albertpeia.com/blackonwhitecrime.htm
http://www.albertpeia.com/whitesvictimizedbyblacks.htm
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. ]
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…’
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
North Carolina Republican Walter Jones. Resolution 107 states that should the
president use offensive military force without the authorization of Congress
that such an act would be “an impeachable high crime and misdemeanor.”
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,” Madison wrote.
In the video, Stone notes Obama’s
unconstitutional war on Libya was waged “despite the fact that the United States was neither
attacked, nor threatened for attack by the nation of Libya.”
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 United States.”
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…’
9-19-12
http://albertpeia.com/12factorsamericancitieshellholes.htm
http://albertpeia.com/americacursed.htm
Paul Joseph Watson | One of
the biggest cover-ups in U.S. political history. http://albertpeia.com/obamasfraudulentbirthcertificate.htm
http://albertpeia.com/americansickos.htm
http://albertpeia.com/12signsspainrecessiontodepression.htm
http://albertpeia.com/nytimessaysallusnewscensoredbygovt.htm
http://albertpeia.com/55percentamericansbelievegovernmentwilltakecareofthemindisaster.htm
{ Of course, this is absolutely foolish based upon reality and what we’ve
actually witnessed. I’ve found through direct experience you can’t even depend
on the government to do what they’re legally required to do as defined by law,
so corrupt and incompetent the u.s. government has become: see, http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm }
http://endoftheamericandream.com
http://albertpeia.com/flashmobrobberrieslootingnormalinamerica.htm
http://theeconomiccollapseblog.com
http://albertpeia.com/civilunrestishereandworstening.htm
http://albertpeia.com/willpambondibenextvpus.htm
Kurt Nimmo
Infowars.com
July 31, 2012
{ I’m really constrained to interject my own direct experience
with the FBI here; and, I must say I do so lamentably. If you want no real
results vis-à-vis organized crime which now extends to the upper reaches,
highest levels of the corrupt u.s. government, go to the FBI. I discounted the
new jersey FBI as just typical corrupt, mob infested jersey which thinks in
terms of discos/casinos. But, truth be told, they never ask the ‘tough’ questions of the biggest
criminals; ie., the biggest wall street frauds, cia connected illegal ‘drug ops’ (ops…riiiiight), federal
judges ie., trump barry, shiff, alito, etc.; but, they did go after Martha
Stewart in a very big way over a $45,000 transaction. Wow! You can’t make this stuff up. I
also don’t
believe their (understated) crime stats for even a second. I’m beginning to feel
foolish for having even put my full faith and trust in them, much less the ‘federal (judicial) system’ who share the ‘same employer’; and, despite my
antipathy for the mob, probably would have fared ‘more fairly’ with the mobsters
directly who seem to have at least some sense of the magnitude of the fraud
involved and the pervasive corruption of the system and government and maybe a
semblance of honor in this nation of protracted decline. It never would have
occurred to me back when for me, such a choice/decision was clear-cut and
simple. Such a course as mine I no longer could recommend inasmuch as there is
little difference between state/government sponsored crime/corruption and that
perpetrated by other criminal elements, from my direct experience with both,
infra:
Debauchery: An American specialty In the land of Lindsay Lohan and Snooki, some
federal workers reflect our culture all too well. (Washington Post) [ Lindsay
Lohan? Come on Mr. Milbank, hands off the low hanging fruit. She’s totally harmless.
Jersey ‘italian’ snooki? In mob infested
new jersey, who knows (one of the properties in my proceedings for which surplus
funds are unaccounted for was a 2 bedroom 1 and 1/2 bath condominium in seaside
heights, n.j.). But debauchery an american specialty? Another rare instance
wherein I agree with Mr. Milbank completely. 25 Signs That America Is A Seething Cesspool
Of Filth And Corruption http://albertpeia.com/25signsamericacesspooloffilthcrimeandcorruption.htm . Review of flawed forensics held close to vest EXCLUSIVE | Documents and interviews show FBI and
Justice Department officials took steps to control information uncovered by a
task force designed to examine cases involving discredited agents. Many
defendants were never notified of flaws in cases. ‘Simply unconscionable’ (Washington Post) [ Well, I really have to say this.
I’m
awaiting word from the FBI as to resolution, one way or the other, concerning
the RICO matters which have been systematically and corruptly covered up by the
government (executive, legislative, and judicial branches of the pervasively
corrupt, defacto bankrupt u.s. government http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
) . Never in my wildest dreams would I have believed the
level and extent of corruption and criminality within the ranks of the u.s.
government before embarking upon this costly quest for justice and simple
fairness consistent with clear law (infra, regarding the u.s. government’s direct involvement in
the illegal drug trade). In this civil RICO matter, there are no innocent
bystanders; but rather, perpetrators, accomplices, and co-conspirators. When
the fbi agent initially assigned to this matter (Connecticut) abruptly
resigned/retired shortly after a conversation, though not central to my case,
wherein I had said that rudy giuliani’s father had been an (convicted) enforcer for the mob
(served 12 years? in prison, aggravated assault/manslaughter?) and then sent
him documentation owing to his disbelief. Though ultimately ineffectual
vis-à-vis my case, he was a likeable guy for whom I had and still have regard.
I then spoke with FBI Agent Jeff Rasey upon the aforesaid agent’s departure who somewhat
plaintively (‘my
call being a burden’) told me that ‘he was a Ford, and I was a Ferrari’, which he didn’t explain further. Could
anyone tell me what that means? Initially, at new jersey’s FBI office, I was ‘greeted’ by an FBI Agent who
sarcastically asked me whether I was ‘going to the disco that night’ (the documents including
sworn statements delivered to then u.s. attorney sam alito’s office in the same
building disappeared twice along with the initial assistant u.s. attorney
Jonathan Lacey with whom I had reviewed the documentary evidence, documents and
their probative value http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf . We all can infer sam alito’s reward / quid pro quo
for his cover-up by his current position on the u.s. supreme
court. There was never a question as to maryanne trump barry’s interest in corrupting
the judicial process as related to her brother’s (trump) casinos. Jersey
city boy louis freeh, labeled by former Prosecutor Larry Klaiman as the most
corrupt FBI director ever (see infra, mueller seems no different, and certainly
holder’s
impeachable actions and corrupt behavior/cover-ups fit the mold, ie., fast and
furious, race bias favoring blacks, etc.) apparently covered up the RICO
violations as sent to him, and, with italian citizenship and lucrative insider
deals fits the bill. The FBI Agent Jeff Hayes of the Long Beach Office with
whom I reviewed the RICO documents and confirmed same as indicative of (drug)
money laundering was transferred shortly after meeting with him, as has been so
of FBI Agent Bill Lewis (promoted to Washington FBI headquarters) with whom I
discussed the RICO matter and case disks/dvd’s sent to the LA FBI
office (they printed the documents thereon, as per Agent Lewis), Steven
Martinez, ADIC, here in Los Angeles (see infra). So, as regards FBI flaws,
coverup, etc., I have to believe it based on my own experience and reasonable
inference. I’m
currently being ‘stonewalled’ by the LA FBI office since the departure of FBI
Agent Bill Lewis.
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. ...
Review of flawed forensics held close to vest EXCLUSIVE | Documents and interviews show FBI and
Justice Department officials took steps to control information uncovered by a
task force designed to examine cases involving discredited agents. Many
defendants were never notified of flaws in cases. ‘Simply unconscionable’ (Washington Post) [ Well, I really have to say this.
I’m
awaiting word from the FBI as to resolution, one way or the other, concerning
the RICO matters which have been systematically and corruptly covered up by the
government (executive, legislative, and judicial branches of the pervasively
corrupt, defacto bankrupt u.s. government http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
) . Never in my wildest dreams would I have believed the
level and extent of corruption and criminality within the ranks of the u.s.
government before embarking upon this costly quest for justice and simple
fairness consistent with clear law (infra, regarding ie., the u.s. government’s direct involvement in
the illegal drug trade, etc.). In this civil RICO matter, there are no innocent
bystanders; but rather, perpetrators, accomplices, and co-conspirators. When
the fbi agent initially assigned to this matter (Connecticut) abruptly
resigned/retired shortly after a conversation, though not central to my case,
wherein I had said that rudy giuliani’s father had been an (convicted) enforcer for the mob
(served 12 years? in prison, aggravated assault/manslaughter?) and then sent
him documentation owing to his disbelief. Though ultimately ineffectual
vis-à-vis my case, he was a likeable guy for whom I had and still have regard.
I then spoke with FBI Agent Jeff Rasey upon the aforesaid agent’s departure who somewhat
plaintively (‘my
call being a burden’) told me that ‘he was a Ford, and I was a Ferrari’, which he didn’t explain further. Could
anyone tell me what that means? Initially, at new jersey’s FBI office, I was ‘greeted’ by an FBI Agent who
sarcastically asked me whether I was ‘going to the disco that night’ (the documents including
sworn statements delivered to then u.s. attorney sam alito’s office in the same
building disappeared twice along with the initial assistant u.s. attorney
Jonathan Lacey with whom I had reviewed the documentary evidence, documents and
their probative value http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf . We all can infer sam alito’s reward / quid pro quo
for his cover-up by his current position on the u.s. supreme
court. There was never a question as to maryanne trump barry’s interest in corrupting
the judicial process as related to her brother’s (trump) casinos. Jersey
city by louis freeh, labeled by former Prosecutor Larry Klaiman as the most
corrupt FBI director ever (see infra, mueller seems no different, and certainly
holder’s
impeachable actions and corrupt behavior/cover-ups fit the mold, ie., fast and
furious, race bias favoring blacks, etc.) apparently covered up the RICO
violations as sent to him, and, with italian citizenship and lucrative insider
deals fits the bill. The FBI Agent Jeff Hayes of the Long Beach Office with
whom I reviewed the RICO documents and confirmed same as indicative of (drug)
money laundering was transferred shortly after meeting with him, as has been so
of FBI Agent Bill Lewis (promoted to Washington FBI headquarters) with whom I
discussed the RICO matter and case disks/dvd’s sent to the LA FBI
office (they printed the documents thereon, as per Agent Lewis), Steven
Martinez, ADIC, here in Los Angeles (see infra). So, as regards FBI flaws,
coverup, etc., I have to believe it based on my own experience and reasonable
inference. I’m
currently being ‘stonewalled’ by the LA FBI office since the departure of FBI
Agent Bill Lewis.
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,
· A judgment had been entered in my favor in the case, United States District Court Case #3:93cv02065(AWT)(USDCJ Alvin Thompson), worth approximately now in excess of $300,000 remains unaccounted for and which could be used for payment to creditors, Los Angeles, etc..
· Counsel Robert Sullivan on my behalf documented by way of certification upon investigation that Alan Shiff, USBCJ, had falsely stated a dismissal upon which false statement he predicated a retaliatory and spurious contempt proceeding against me causing substantial damage, and for which he sought Judicial Notice of those and related proceedings as did I in some of my filings.
· The Order of Dismissal With Prejudice by Alan Shiff, USBCJ, owing to Defendant Coan’s failure to file anything whatsoever by the court’s deadline causing creditors and me substantial damages: [ Shiff Order of Dismissal With Prejudice on Coan’s Failure to File Page 1 Page 2 ]
·
Defendant Coan had filed an action against me to
prevent me from suing him which necessitated me to fly to Connecticut for a
hearing before The Honorable Robert N. Chatigny, Chief Judge, USDC, District of
Connecticut, who denied Coan’s requested relief as to Coan but precluded my action
against Shiff (although there is no immunity, judicial or otherwise, for
criminal acts, ie., fraud connected with a case under Title 11, USC, etc.) .
[ transcript in pertinent part - http://albertpeia.com/crossexamofcoanbypeia.pdf
]
· Newly appointed judge, Maryanne Trump Barry, Donald Trump’s sister, was assigned the RICO case despite the conflict of interest in light of hundreds of thousands of dollars of illegal (drug) money being laundered through the Trump casinos by the RICO defendants, and despite my motion to recuse her which motion she heard herself and denied, and U.S. Trustee Hugh Leonard with whom I met personally refused to join or file a separate motion to recuse and not long thereafter left said office for private practice at Cole, Shotz, et als on retainer with the RICO defendants as his primary client.
·
Probative and evidentiary documents, affidavits,
exhibits, including those turned over to FBI Agent Jeff Hayes in Long Beach,
CA, had been given to Assistant U.S. Attorney Jonathan Lacey with whom I met
personally at the U.S. Attorney’s Office in Newark, N.J., at which time Samuel
Alito was U.S. Attorney, and went over said documents and their probative value
with him. Within approximately a month thereafter upon inquiry I was told that
Jonathon Lacey was no longer with the office, that the file/documents could not
be located, and that there was no further information available concerning
contacting him or his location. I thereupon delivered by hand, copies of said
documents to the office of then U.S. Attorney Alito, addressed to him, with
assurance they would go directly to him. In addition to being inept [ I looked
in on the one mob case he had brought, bungled, lost (accidently on purpose?)
since I was suing some mob-connected under RICO and the court (I had known /
previously met outside of court the judge Ackerman through a client) was
absolute bedlam and a total joke since incompetent corrupt Alito brought in all
20 mob defendants (rather than prosecute one or a few to flip them first) who
feigning illness had beds/cots in the courtroom along with their moans during
testimony and had the jury in stitches. As much as I hate the mob, it truly was
funny, if not so tragic.], Alito is also corrupt (and maybe corrupt
because he is inept). After a reasonable (but still rather short) time I called
to determine the status and was told that Alito was no longer with the Office
of the U.S. Attorney, that he was (appointed) a federal judge, and that neither
the documents nor any file or record of same could be located. Alito did parley
the same / cover-up into quid pro quo direct lifetime appointment to the Court
of Appeals, 3rd circuit, despite the absence of judicial experience or
successful tenure as U.S. Attorney (Maryanne Trump Barry as well). This is the
same Sam Alito that now sits on the purported highest court in the land. The
real application of the illegal rule ‘don’t ask, don’t tell’.
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) ]
FROM:
TO:
Wednesday, November 16, 2011 8:48 AM
Dear Mr. Peia:
Thank you for being in touch. As we continue
the busy first session of the 112th Congress, I want you to know
that I am grateful for the various times you have shared your thoughts and
concerns with me on different issues. Please be assured that your voice
is being heard and that your perspective helps me to better represent you in
Washington, D.C.
Sincerely,
LUCILLE ROYBAL-ALLARD
Member of Congress
[ This is a reply to the Congresswoman’s query among others included.]
11-5-11
Dear Congresswoman Roybal-Allard:
The
Keynesian (economic) approach, if ever a wise prescription for ‘economic
doldrums’, euphemistically speaking (there are articles/studies/data that
dispute the purported effectiveness of the widely hailed ‘Keynesian remedy’
during the prior great depression), the ‘Keynesian way’ is certainly no longer
a prudent approach today in light of the insurmountable debt levels of nations
worldwide and in america particularly along with the concomitant over-printed,
debased ‘paper currencies’ to finance same. Quite simply, there simply is not
enough real value being created for redistribution, a situation exacerbated by
the parasitic lightening fast, computerized churn and earn high frequency
trading programs on fraudulent wall street (they should be prosecuted, jailed,
fined, and disgorgement imposed for extant frauds in the trillions now marked
to anything as per misguided legislated FASB rule change). [ America’s debt woe is
worse than Greece’s News
(CNN) — ‘Our government is utterly broke …The government’s total indebtedness
is $211 trillion’. 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
] .This is the consequence of a structural shift fed by greed and misguided
policy and cannot be undone (transfer of productive capacity to ie., China,
etc., ‘the bell cannot be unrung’). That said which militates against such an
extension, this is an election year which probabilities suggest makes highly
likely the passage of the extension. I favor your co-sponsored legislation and
before the holidays simply in the name and spirit of Christmas and for no other
reason whatsoever. Below is a recent comment to Opinion Writer Krauthammer’s
‘more war spending (Keynesian) position’ and an article regarding the folly of
same. Immediately following is from my prior post to you concerning something
of such manageable proportion and well within the government’s ability to
resolve (if the government can’t accomplish this consistent with law and long
overdue, then there isn’t anything the government can accomplish), along with
other comments to you for ease of reference:
‘…As previously noted in a prior message to you, I had previously spoken to FBI Agent Bill Lewis in Washington who was recently promoted to the FBI Headquarters Office (D.C.) from the FBI office here in LA, and who was to be out of the office for the two weeks past. I’ll be contacting him given a reasonable time for him to ‘catch up’, from being out of the office. While independent contractor richard coan is ultimately the one to bear the burden of damages (there’s insurance and a surety covering same), coan might allude to the prior default of the u.s. government (assist. u.s. atty. robert i. lester miscounted / miscalculated the time for filing an answer / response to the complaint upon service thereof, also misstating the rule in open court before corrupt judge matz who ‘schmoozed’ things over (they both have the same employer), however incorrectly according to the ‘law’. I ordered / bought a copy of the transcript of that rather pathetic proceeding (posted in part on my website). In any event, regardless who pays me, the amounts so paid would ultimately be recovered from coan, his insurer/surety which amounts might even exceed the amount I’m willing to settle at. [There is also a judgment (referenced in the correspondence to FBI ADIC Martinez infra) that had been entered in my favor in the case, United States District Court Case #3:93cv02065(AWT)(USDCJ Alvin Thompson), worth approximately now in excess of $300,000 remains unaccounted for and which would benefit Los Angeles, etc.; and then, of course as well, the substantial damages. ] I’ve waited far too long for this matter to resolve, what should have been resolved in accordance with clear law long ago; and, which would have been resolved if not for typical u.s. corruption in the process; and, which is well within the government’s ability to resolve. In my world and way of thinking, results do count! I’ve included prior correspondence for ease of reference…’
Sincerely,
Albert
L. Peia
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
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.”
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 }
http://albertpeia.com/theywanttochipyou.htm
http://endoftheamericandream.com
http://albertpeia.com/65yroldwomanwithgunchasesoff5armedblackrobbers.htm
‘In
Garden Grove, California the other day, a 65 year old woman with a gun chased 5
armed criminals out of her jewelry store.
The video of this amazing incident (posted below) is quite funny, but it also
demonstrates a very serious point. The streets of many of our largest
cities are slowly but surely being transformed into a living hell as our society rots from the inside
out. The criminals are always going to have plenty of guns. If we
have no way to defend ourselves, then many of us will be at the mercy of the
criminals. For example, imagine what would have happened if those 5 armed
robbers had invaded her home at night? Without a gun, what could that 65
year old woman have done? The best she could hope for is that the
criminals would take whatever they wanted and would not do any violence to her
or to her family. Of course the police would show up later and "take
a report", but the police would not be able to undo any of the damage that
the crooks had already done. This is especially true when it comes to
violence against women. You can always replace your possessions, but you
can never undo a sexual assault or a rape. America is being absolutely overrun by psychos these days, and if you don't
have a gun how in the world are you going to keep a pack of criminals from
having their way with you or with members of your family? I realize that
is a very disturbing thing to think about, but these are dark times that we are
living in. As society continues to fall apart we are going to see home
invasions because more twisted and more horrifying than ever before…’
Michael Snyder | Do you remember when America was a
place where you could attend a public gathering without having to worry if a
sociopath was going to set off a bomb or start wildly shooting people?
http://albertpeia.com/psycopathssociopathsamericasocietalcollapse.htm
http://albertpeia.com/deadcropsdroughtwildfiresnewusnormal.htm
Kurt Nimmo | FBI has described “anti-government
extremists” as groups and individuals opposed to taxes and
oppressive government regulations.
{ Oh,
riiiiight! It’s the Constitution’s fault they are inept and corrupt; perhaps
corrupt as with sam alito, louis freeh, et als, because they are inept. Never
mind that they derive what powers they do have from that same Constitution. Oh
yes, I almost forgot … they got Martha Stewart … over a $45,000 transaction.
The biggest frauds, in and out of government, on wall street, jon corzine, etc.;
not so much … you know … that constitution thing … it’ll thwart you every time!
They are so full of s***! Take a look: What in the World Has Happened to the FBI/DOJ?
FBI Nazi
Bikers Bust FBI Nazi Group http://albertpeia.com/fbinazibikersbustfbinazibikers2.htm }
Approval of Congress falls to all-time low (10% approval)
Romney:
Obama is ‘running just to hang on to power’ Romney
to Obama: ‘Take your campaign of division and anger and hate back to Chicago’ [ Keep in mind, Chicago is an absolute
disaster; wobama’s kind of place! Chicago:
'The Deadliest Global City'...
CHICAGOLAND COPS: Teens kill
man in 'knock 'em down' game...
Chicago police sergeant:
'Tribal warfare' on streets...
Comparable to
Iraq, Afghanistan...
CHICAGOLAND: 7-Year-Old Girl
Gunned Down While Selling Lemonade Outside Home...
UPDATE: Jesse Jackson Jr.
being treated for bipolar disorder... { Mayo Clinic: Jackson has bipolar depression Wife: Rep. Jesse Jackson Jr.
getting treatment but 'still very depressed'...
Ethics
investigation continues... }
REPORT: Ill. state workers
forced to attend Pelosi, Jesse Jackson Jr. event on taxpayer dime... ]
TINA
FROWN! Newsweek on wobama’s failed presidency – Newsweek relevant! http://albertpeia.com/hittheroadborackanddontyoucomebacknomorenomorenomorenomore.htm
You Tube | “I’m thinking
the worst. Civil unrest, civil disobedience, civil war maybe.”
Paul Joseph Watson | Veterans
are being targeted in aftermath of Homeland Security smear campaign.
Infowars.com | A book
of lies geared to cover up more lies.
http://albertpeia.com/binladendeathbookhoax.htm
Jon Voight criticizes (liberal, pro-wobama biased) media at RNC
{ He’s quite right, of course; because there is nothing
whatsoever positive that can realistically, factually be said of wobama the b
for b***s***! Moreover, there are so many negatives to be said of former failed
president obama that one can only realistically surmise and infer that the
media is too embarrassed to admit how badly they failed in assessing, vetting
choom-gang fantasizing b***s*** artist, grifter, and jive-talking con obama! }
Blunt Christie tells Republicans it's time to face fiscal truth
- TAMPA, Florida (Reuters) - New Jersey Governor Chris Christie accused
Democrats of refusing to tell Americans the truth about the depth of the
country's deep fiscal woes on Tuesday in a pugnacious... { I
had no idea Gov. Christie was a former federal prosecutor. Maybe he could find
out what happened to asst. us attorney Jonathon Lacey, the
files/documents/exhibits etc., from as well, former us attorney alito and fed
judge maryanne trump barry, former us trustee jeonard, etc. … http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
http://albertpeia.com/fbimartinezcongallard.htm }
Ex-Democrat Artur Davis: Obama has lost his ‘halo’
Houston
Chronicle | There’s a heavy price to be paid if you’re a Ron
Paul support in Mitt Romney’s city. { President Romney won fair and square, in a
grueling process participated in by ron paul himself, ron paul having since
proved himself unworthy and even senile. }
http://endoftheamericandream.com
http://albertpeia.com/ustreatsvetslikegarbage.htm
http://albertpeia.com/israeliranonvergeofwar.htm
http://albertpeia.com/wobamadeals.htm
9-24-12 Headlines
Reuters |
The United States quickly dismissed the Iranian president’s comments
as “disgusting,
offensive and outrageous.”
London
Telegraph| Facebook has been flooded with complaints from users.
Infowars.com
| TSA screeners will now be in place at all public toilets for your safety.
Jon Rappoport | Obama
2008: “Let folks
know when their food is genetically modified, because Americans have a right to
know what they’re buying.”
Donna Anderson | If you
believe you’re already registered, think again.
Paul Joseph Watson | Using
cash increasingly seen as suspicious activity.
Paul Joseph Watson | Biotech
giant attempts to discredit shocking findings.
Zero Hedge
| At least ten more fake 10-ounce “gold bars” filled with Tungsten have been discovered.
London
Telegraph| Facebook has been flooded with complaints from users.
Prison
Planet.com | TSA screeners will now be in place at all public toilets for your
safety.
Paul Joseph Watson | Using
cash increasingly seen as suspicious activity.
Ron Paul |
One of the most enduring myths in the United States is that this country has a
free market.
The Hill |
Kramer has met with various officials, most recently in Dubai and El Salvador,
to discuss the U.S. position on the treaty.
London
Guardian | UK health agency issues advice as experts try to identify virus that
infected two men in Middle East, killing one.
Lisa Garber
| In 2011, Walgreen Co. brought 5.5 million people through their doors for
influenza vaccinations—and was sure to give them coupons on the way out.
Paul Joseph Watson | Biotech
giant attempts to discredit shocking findings.
Zero Hedge
| At least ten more fake 10-ounce “gold bars” filled with Tungsten have been discovered.
In our
621st issue:
In an
unusual move, YouTube announced that it was blocking access in some countries
to a video showing clips from "The Innocence of Muslims" after the
anti-Islamic film sparked violent protests in the area. By the company's own
admission, the video falls within its Terms of Service. YouTube appears to have
made the decision to self-censor on their own.
It is easy to understand why YouTube might feel compelled to act in response to
the rioting over this video, but once YouTube has made the decision to
proactively censor its content, they start down a slippery slope that ends in
YouTube Knows Best moral policing of every video on their site.
Earlier
this month, negotiators from the United States and eight other countries held
backroom meetings about the Trans-Pacific Partnership (TPP) agreement at a golf
resort outside Washington, D.C. Leaked language from the agreement's
intellectual property chapter has been worrisome, and the public has no idea
what is in the latest official draft. There has been zero transparency in a
process that is being pushed to the finish.
What's worse is that the people who do have access to TPP's official language
are the same content industry executives that tried pushing through harmful
laws like SOPA, PIPA, and ACTA.
Join us in demanding an end to these backroom negotiations.
ECPA Reform May Require Warrants
for Email, But Hurts Video Privacy
Senator
Leahy proposed detailed language to update the Electronic Communications
Privacy Act (ECPA), the primary law governing privacy rights for stored email.
ECPA is woefully outdated -- it was passed in 1986 before cloud computing and
archived email even existed -- so this is great news. Unfortunately, the
proposed language would also weaken privacy-protective measures in the Video
Privacy and Protection Act.
New York Judge Tries to Silence
Twitter in Its Ongoing Battle to Protect User Privacy
Rather than
face contempt charges, Twitter handed over data requested by the government
about an Occupy Wall Street protester, under seal, to the New York Criminal
Court. Twitter was faced with a terrible choice between giving ground on its
fight for user privacy, or risk a potentially expensive contempt of court
citation.
Fight over FISA Amendments Act
Moves to the Senate after House Passes Warrantless Spying Bill
The House
of Representatives voted to renew the dangerous FISA Amendment Act -- which
hands the NSA broad, warrantless surveillance powers over Americans'
international communications -- for another five years. Sadly, the House refused
to add any new oversight powers or privacy protections, despite ample evidence
the NSA has used it to unconstitutionally spy on Americans.
TPP Trade Delegates Shut Out
Internet Users' Concerns
The
secretive Trans-Pacific Partnership agreement (TPP) negotiations were held
earlier this month in a golf resort outside D.C. TPP is yet another example of
how the U.S. entertainment industries are pressuring lawmakers to push forward
overprotective intellectual property laws that will also put the Internet and
its users at risk. EFF attended the events to speak to delegates and demand
transparency; however, the U.S. Trade Representative would have none of it.
Court Upholds $9,250 Per Song
Penalty in Filesharing Case
The U.S.
Court of Appeals for the Eighth Circuit upheld the original jury verdict
against Jammie Thomas-Rasset: a $222,000 penalty for sharing 24 songs on a
peer-to-peer network. That's $9,250 per song, for songs that sell for about a
dollar at retail.
French Anti-Piracy Law Claims First
Victim, Convicted of Failing to Secure His Internet Connection
The French
anti-piracy law, Hadopi, has claimed its first victim. The individual was convicted
of allowing his WiFi connection to be used to download songs without obtaining
prior permission from the copyright owners. While we were heartened that the
individual's Internet connection was not suspended, EFF condemns the ongoing
application of Hadopi, which threatens our rights to access and publish content
freely online. This ruling serves as further evidence that such three-strikes
laws must be repealed.
New Research on "Junk"
DNA Revives Privacy Questions
In a case
challenging California's warrentless DNA collection program, EFF asked the
court to consider new research that confirms that over 80% of our DNA that was
once thought to have no function actually plays a critical role in controlling
how our cells, tissues, and organs behave.
Interview with OpenMedia's Steve
Anderson About Stop the Trap Campaign
EFF
interviewed the Executive Director of OpenMedia, Steve Anderson, to discuss
their international Stop The Trap coalition campaign.
Professor Michael Geist on TPP and
Its Effects on Canadian Internet Users
EFF
interviewed Professor Michael Geist to capture some of the main Canadian
concerns specifically related to some of the most controversial intellectual
property issues present in TPP.
UK Snoopers' Charter Draws Sharp
Critique from Global Advocates
In a
submission to the U.K. Parliament's Communications Data Bill Joint Scrutiny
Committee, the Global Network Initiative outlined serious concerns with the
proposed Snoopers' Charter, which would expand governmental powers to access
the online communications of all U.K. citizens.
Philippines' New Cybercrime
Prevention Act Troubling for Free Expression
In the
Philippines, where the Internet is free from censorship, President Benigno
Aquino III recently signed into law the Cybercrime Prevention Act of 2012, a
troubling development for free expression.
USPTO
Blocks Web Access to Advocacy Organizations
KEI's James
Love found out firsthand about the USPTO's filtering system that blocked access
to EFF, ACLU, KEI, and more advocacy organizations.
Internet
Archive Releases Every TV News Broadcast Since 2009
The
Internet Archive released every TV news broadcast since mid-2009. Segments are
available online and captions are completely searchable.
EU Should Protect Belarusian Online
Opposition
Dutch
Member of European Parliament Marietje Schaake spoke out against the detainment
of several web-administrators by Belarusian authorities.
ISSN
1062-9424
EFFector is
a publication of the Electronic Frontier Foundation.
454 Shotwell Street
San Francisco, CA
94110-1914
USA +1 415 436 9333
+1 415 436 9993 (fax)
eff.org
Editor: Adi
Kamdar, Activist
[email protected]
Membership
& donation queries: [email protected]
General
EFF, legal, policy, or online resources queries: [email protected]
Reproduction of this
publication in electronic media is encouraged. Signed articles do not necessarily
represent the views of EFF. To reproduce signed articles individually, please
contact the authors for their express permission.
Press
releases and EFF announcements & articles may be reproduced individually at
will.
Paul Joseph Watson | Why is
the White House funding extremists who hate America? [ Anti-American fury sweeps across an inflamed Muslim world { Despite casting this as being over a film,
it’s not just
the film; but as well, blowback for innumerable policy missteps that ultimately
included direct or indirect acts of violence/aggression. These people are not
blind, nor are they utter fools despite america et als’ foolish
assumptions and presumptions to the contrary. } ]
Romney and the GOP still toe the Bush
line Republican leaders are
sick and tired of Democrats blaming all the nation's problems on George W.
Bush, and of being tarnished by the former president's legacy. { The problem
for the democrats is that, unfortunately for the nation and world, wobama’s
essentially followed dumbya bush’s failed legacy with few exceptions (ie.,
wobama/holder’s predisposed contraindicated favoritism/bias towards blacks
including black panthers, etc.). Indeed, many within ‘the fold’ include ‘bush
men’ (ie., mueller, bernanke, etc.); and comparable failed policies as, ie.,
protracted unnecessary war, profligate spending worse than bush, rule by
proclamation/executive orders, no
prosecution of huge wall street frauds, etc., all contrary to campaign
promises/b***s*** that got him elected, a mistake that won’t be repeated this
time around. }
*******************
http://albertpeia.com/thankswoforblowback.htm
Romney likens the election to football: ‘It’s time to get a new
coach’
Iowans Send Message to Obama SIOUX CITY, Iowa — President Obama received
a less than warm welcome and a warning upon arrival at the airport here on the
second stop of his Iowa visit, which was aimed at recapturing some of the
mag...
Infowars.com | As America’s
engineered economic implosion accelerates, the parallels with how the Roman
empire fell are staggering.
Kurt Nimmo
Infowars.com
July 31, 2012
FROM:
TO:
Wednesday, November 16, 2011 8:48 AM
Dear Mr. Peia:
Thank you for being in touch. As we continue
the busy first session of the 112th Congress, I want you to know
that I am grateful for the various times you have shared your thoughts and
concerns with me on different issues. Please be assured that your voice
is being heard and that your perspective helps me to better represent you in Washington,
D.C.
Sincerely,
LUCILLE ROYBAL-ALLARD
Member of Congress
[ This is a reply to the Congresswoman’s query among others included.]
11-5-11
Dear Congresswoman Roybal-Allard:
The
Keynesian (economic) approach, if ever a wise prescription for ‘economic
doldrums’, euphemistically speaking (there are articles/studies/data that
dispute the purported effectiveness of the widely hailed ‘Keynesian remedy’
during the prior great depression), the ‘Keynesian way’ is certainly no longer
a prudent approach today in light of the insurmountable debt levels of nations
worldwide and in america particularly along with the concomitant over-printed,
debased ‘paper currencies’ to finance same. Quite simply, there simply is not
enough real value being created for redistribution, a situation exacerbated by
the parasitic lightening fast, computerized churn and earn high frequency
trading programs on fraudulent wall street (they should be prosecuted, jailed,
fined, and disgorgement imposed for extant frauds in the trillions now marked
to anything as per misguided legislated FASB rule change). [ America’s debt woe is
worse than Greece’s News
(CNN) — ‘Our government is utterly broke …The government’s total indebtedness
is $211 trillion’. 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
] .This is the consequence of a structural shift fed by greed and misguided
policy and cannot be undone (transfer of productive capacity to ie., China,
etc., ‘the bell cannot be unrung’). That said which militates against such an
extension, this is an election year which probabilities suggest makes highly
likely the passage of the extension. I favor your co-sponsored legislation and
before the holidays simply in the name and spirit of Christmas and for no other
reason whatsoever. Below is a recent comment to Opinion Writer Krauthammer’s
‘more war spending (Keynesian) position’ and an article regarding the folly of
same. Immediately following is from my prior post to you concerning something
of such manageable proportion and well within the government’s ability to
resolve (if the government can’t accomplish this consistent with law and long
overdue, then there isn’t anything the government can accomplish), along with
other comments to you for ease of reference:
‘…As previously noted in a prior message to you, I had previously spoken to FBI Agent Bill Lewis in Washington who was recently promoted to the FBI Headquarters Office (D.C.) from the FBI office here in LA, and who was to be out of the office for the two weeks past. I’ll be contacting him given a reasonable time for him to ‘catch up’, from being out of the office. While independent contractor richard coan is ultimately the one to bear the burden of damages (there’s insurance and a surety covering same), coan might allude to the prior default of the u.s. government (assist. u.s. atty. robert i. lester miscounted / miscalculated the time for filing an answer / response to the complaint upon service thereof, also misstating the rule in open court before corrupt judge matz who ‘schmoozed’ things over (they both have the same employer), however incorrectly according to the ‘law’. I ordered / bought a copy of the transcript of that rather pathetic proceeding (posted in part on my website). In any event, regardless who pays me, the amounts so paid would ultimately be recovered from coan, his insurer/surety which amounts might even exceed the amount I’m willing to settle at. [There is also a judgment (referenced in the correspondence to FBI ADIC Martinez infra) that had been entered in my favor in the case, United States District Court Case #3:93cv02065(AWT)(USDCJ Alvin Thompson), worth approximately now in excess of $300,000 remains unaccounted for and which would benefit Los Angeles, etc.; and then, of course as well, the substantial damages. ] I’ve waited far too long for this matter to resolve, what should have been resolved in accordance with clear law long ago; and, which would have been resolved if not for typical u.s. corruption in the process; and, which is well within the government’s ability to resolve. In my world and way of thinking, results do count! I’ve included prior correspondence for ease of reference…’
Sincerely,
Albert
L. Peia
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
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.”
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 }
‘If the case of white supremacist Hal Turner taught us
anything, it is that the government manufactures Nazis and racists from whole
cloth and then uses them to push hysterical domestic terrorist propaganda and
self-aggrandizement.
It came out during Turner’s trial that he was a “National Security Intelligence” asset working for the FBI’s Joint Terrorism Task
Force. His code name was “Valhalla” and “he received thousands of dollars from the FBI to
report on such groups as the Aryan Nations and the white supremacist National
Alliance, and even a member of the Blue Eyed Devils skinhead punk band,” according to The Record.
The FBI has run racist and white supremacist groups
since the 1960s. Under COINTELPRO, the FBI “subsidized, armed,
directed and protected the Ku Klux Klan and other right-wing groups,” Brian Glick writes. Racist groups were used to create a strategy
of tension by attacking groups on the so-called left, including anti-war,
Chicano and Puerto Rican activists and nationalists.
More recently, in 2007, the FBI organized a neo-Nazi
march in Orlando, Florida. The FBI’s “informant” (agent provocateur) “was one of the most
visible individuals in the National Socialist Movement,” according to Andy Rosenkranz, state regional director for the Anti-Defamation
League. “Generally,
the FBI and the JTTF (Joint Terrorism Task Force) in Florida does an excellent
job.”
The FBI has also infiltrated a number of supposed
Muslim terrorists groups and has wheedled, cajoled and otherwise manipulated
patsies into agreeing to commit terror attacks.
In October, Mother Jones revealed that the FBI is notorious for creating
supposed terrorist groups from scratch and then framing patsies in order to
claim the government is protecting the United States from terrorists. The
number of government informants and agents provocateurs has grown exponentially
since the 1970s when the FBI claimed it shut down COINTELPRO.
On Tuesday, the New York Daily News reported the FBI’s latest terrorist
creation –
the 1st SS Kavallerie Brigade Motorcycle Division, founded in 2007 to recruit
neo-Nazi bikers for the Aryan Nations, a white supremacist terrorist
organization, according to Anthony Bartkewicz.
“One member offered a $1,000 reward for the shooting
of a black man. Others stockpiled explosives to be used in terror attacks on
U.S. targets,”
writes Bartkewicz. “But the biker gang was founded by undercover law
enforcement agents in Florida, and eventually 20 people were arrested for a
range of offenses, from dealing drugs to possessing illegal weapons and
plotting murders, the Orlando Sentinel
reported.”
In May, the FBI took down a group of mentally
challenged white supremacists belonging to the American Front, a group on the
edge of extinction in the early 2000s but resuscitated on the internet. The FBI
claimed the group was “planning to kill Jews and minorities in the ‘inevitable’ race war, according to
an affidavit obtained by the Orlando Sentinel. The Sentinel reports that the
group also looked to manufacture ricin, a ‘weapon of mass destruction,’” CBS Tampa reported.
Fear and loathing by liberals over FBI manufactured racist threat.
Considering the FBI’s track record, however,
it is likely the ricin plot was concocted by the agency and then fed to the
American Front patsies prior to the sensationalized bust. Patsies rarely devise
their own plots and are carefully managed by the agency and its army of
informants and agents provocateurs.
The Nazi biker group created by the FBI after the
Aryan Nations said it wanted to form a Nazi motorcycle club to serve as the
militant arm for white supremacists across the country, according to records
obtained by the Orlando Sentinel.
“Using a false identity, the agent with the Orange
County Sheriff’s Office became the Aryan Nations’ top Florida
administrator responsible for recruiting members for what would become the 1st
SS Kavallerie Brigade Motorcycle Division — operating out of a clubhouse in St. Cloud,” Henry Pierson Curtis
writes for the Sentinel.
“Early members included at least two additional
undercover FBI agents – who infiltrated the club — and a biker accused of
offering $1,000 to anyone willing to shoot a black man riding an ATV in rural
Osceola County, records show.”
In 2007, a FBI informant, Rick Spring, admitted to
running the Aryan Nations. “In a confessional emailed out to white nationalist
leaders, federal informant and convicted bank robber Rick Spring admitted today
that he operated the Aryan Nations as a false flag front group for the FBI
after the death of Richard Butler,” wrote Bill White, editor of the Libertarian Socialist News.
Government connections to terror groups are legion. In
2004, for instance, the FBI revealed the Southern Poverty Law
Center was involved
with government operative and convicted Oklahoma City bomber Timothy McVeigh
and the Aryan Republican Army at Elohim City. McVeigh’s contact at Elohim City
was Andreas Carl Strassmeir, a former German intelligence officer. Peter Langan, the son of a retired U.S. Marine intelligence
officer and said to be the leader of the Aryan Republican Army, was a
government informant.
The SS Kavallerie Brigade Motorcycle Division,
responsible for setting up the American Front, is yet another convoluted
government fabrication designed to convince ill-informed Americans that radical
Muslims are not the only threat they face. So are white guys with tattoos on
their foreheads.
The absurdly overblown threat of skinheads gunning
for minorities plays right into the Department of Homeland Security’s “rightwing extremist” narrative.
“Threats from white supremacist and violent
antigovernment groups during 2009 have been largely rhetorical and have not
indicated plans to carry out violent acts,” the DHS wrote in a 2009 for eyes-only memo subsequently leaked to
Infowars.com and others, but “have capitalized on the election of the first African
American president, and are focusing their efforts to recruit new members,
mobilize existing supporters, and broaden their scope and appeal through
propaganda, but they have not yet turned to attack planning.”
The FBI’s contrived plots – including purported violence against police and officialdom by the Hutaree militia and now a supposed weapons of mass destruction attack by the American Front – are designed primarily for propaganda purposes. The Hutaree militia was vindicated in court and the accusations against the American Front will likely also eventually be reduced and revealed as government grandstanding, although this will not be reported on the front page in blazing headlines.’
The American Dream | The future of war is going to
look really, really weird. http://endoftheamericandream.com
http://albertpeia.com/moredarpafollies.htm
{ I must say, regardless of the fact of time
constraints (you know, that ‘end thing’) that makes all irrelevant, they can’t
even control, properly manage what they have. I think Mike’s been watching too
much sci-fi, not that darpa doesn’t appreciate his misplaced vote of
confidence! }
Prisonplanet.com | The Thomas More Law Center has
announced that it has filed a federal lawsuit against Homeland Security
Secretary Janet Napolitano.
Shocking
Federal Lawsuit Against DHS Napolitano: Big Sis Favored Her Gal Pals, Treated
Male Staffers “Like
Lapdogs,” Her Female
Staff Tormented Male Employees with “Sexually Charged Games” { Whoa! Lapdog to Napolitano!
Whew! Ew! Wow! Yuck! After all, jano almost makes mo reno look like a beauty
queen! I’m starting to get dry heaves! …In the suit
Hayes also accused Napolitano’s chief of staff at ICE, Suzanne Barr, of repeated
'sexually offensive behaviour' intended to 'humiliate and intimidate male
employees'.On one occasion, Barr called a colleague in his hotel room and
screamed using sexually explicit language, telling him she 'wanted his c*** in
the back of [her] throat'.Hayes claims he 'felt that he was being targeted
because of his gender' and witnessed Barr repeatedly picking on men. She
'created a frat-house type atmosphere that is targeted to humiliate and
intimidate male employees', according to court papers. In 2009 she 'removed the
entire contents of the offices of three male employees, including nameplates,
computers and telephones, to the men’s bathroom at ICE headquarters'. Read more: http://www.dailymail.co.uk/news/article-2186507/Janet-Napolitano-favoured-woman-long-relationship-job.html#ixzz23ERN7rMx }
Paul Joseph Watson | Follows
DHS in preparation for domestic disorder.
Dave Bohon | Supporters of homosexual marriage,
however, have been unable to leave the issue and “agree to
disagree.” { I believe the concerted wrongful conduct of
the respective cities et als vis-à-vis Chick-Fil-A may well be actionable as a
business tort; and as well, a violation of constitutionally protected rights
of free speech, having a chilling
effect thereon, by way of incorporation thereof under the fourteenth amendment
of the u.s. constitution, as well as pursuant to the respective state
constitutions applicable to the offending cities. }
http://albertpeia.com/attackonchickfilaattacksfreespeech.htm
{ My own feeling on the subject is
live and let live, but that the state has no place in getting ‘behind’
this contraindicated behavior. Look at the subject cities rallying in the name
of ‘cornholin’ (For the gay vote? How totally pathetic!). Without
exception, they are literally domestic war zones, in decay, decline, and
heading as the nation toward fiscal ruin, defacto/outright bankruptcy. They
really should be concentrating on things that really matter before foolishly attacking
freedom of speech. Previously: 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 spaghetti 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 }
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/attackonchickfilaattacksfreespeech.htm
{
My own feeling on the subject is live and let live, but that the state has no place
in getting ‘behind’ this contraindicated behavior. Look at the subject
cities rallying in the name of ‘cornholin’. Without exception, they are literally domestic war
zones, in decay, decline, and heading as the nation toward fiscal ruin,
defacto/outright bankruptcy. They really should be concentrating on things that
really matter before foolishly attacking freedom of speech. Previously: 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 }
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 }
EFF: In our
616th issue:
Since the
first national security letter statute was passed in 1986, the FBI has issued
hundreds of thousands of such letters seeking private telecommunications and
financial records of Americans without any prior approval from courts. EFF is
releasing an FBI-redacted briefing from a major new ongoing case in which it is
challenging one of the NSL statutes on behalf of a telecommunications company
that received an NSL in 2011.
The Oatmeal
creator Matthew Inman was subject to a frivolous lawsuit designed to shut him
up. Known as a Strategic Lawsuit Against Public Participation (SLAPP),
litigation like this -- and the big legal fees that can come with it --
threatens free speech across the country. Urge Congress today to pass a federal anti-SLAPP statute to
protect bloggers, journalists, creators, and more.
EFF
recently received information about drone flights in the United States,
including extensive details about the specific drone models some entities are
flying, where they fly, how frequently they fly, and how long they stay in the
air. The 125 drone certificates and accompanying documents the FAA released
total thousands of pages and were released in response to EFF's Freedom of
Information Act lawsuit, which has already uncovered the list of all entities
licensed to fly domestic drones.
EFF Urges Congress to Protect
Privacy in Face Recognition
On
Wednesday, EFF Staff Attorney Jennifer Lynch urged Congress to limit the
collection of biometrics and protect privacy with respect to the use of face
recognition technology. Jennifer's testimony in a Senate hearing on "What
Facial Recognition Technology Means for Privacy and Civil Liberties"
outlined the privacy and security concerns that are inherent to automatic face
recognition. The use of face recognition technology raises important First and
Fourth Amendment concerns, though the scope of Constitutional protections in
this area is unclear.
Fifth Circuit Upholds Sanctions
Award Against Copyright Troll Attorney
The Fifth
Circuit Court of Appeals affirmed a district court order imposing sanctions on
Evan Stone, attorney for adult film producer Mick Haig Productions. Stone
improperly issued subpoenas without leave of court to ISPs seeking the
identities of anonymous subscribers in a mass end-user copyright infringement
case.
Singing Obama Ad Takedown Means
More Trouble for Political Speech Online
An official
Romney campaign ad that showed President Obama singing a line from the Al Green
song "Let's Stay Together" has been hit with a takedown from BMG
Rights Management -- the group that controls the publishing rights of the
original song -- and pulled from YouTube. This kind of takedown abuse is all
too common, and we're likely to see it again this campaign season.
House Quietly Reintroduces a Piece
of SOPA
Even after
millions rallied against the passage of SOPA/PIPA, the House is still quietly
trying to pass a related bill that would give the entertainment industry more
permanent, government-funded spokespeople. Rep. Lamar Smith's IP Attache Act
would create an Assistant Secretary of Commerce for Intellectual Property, as
well as broaden the use of IP attaches in particular U.S. embassies.
Victory for Open WiFi: Judge
Rejects Copyright Troll's Bogus "Negligence" Theory
Judge Lewis
Kaplan of the U.S. district court in Manhattan ruled that the owner of an
Internet connection cannot be found liable for "negligence" simply
because another person uses his wifi connection to commit copyright
infringement -- even if he knows about it. After this decision, copyright
trolls should find it harder to coerce settlement payments from innocent people
for the commonplace act of sharing an Internet connection.
EFF to FCC: Consumers Face Uphill
Battle in Fight for Mobile Device Privacy
EFF filed
comments with the Federal Communications Commission about the privacy and data
security practices of mobile wireless service providers. Mobile privacy is an
issue we've been increasingly concerned about in the wake of the Carrier IQ
privacy scandal, which was part of the inspiration for our Mobile User Privacy
Bill of Rights.
Australian Government Moves to
Expand Surveillance Powers
Australia
is the latest democratic nation to introduce new national security measures
that would vastly expand governmental surveillance powers, following an
alarming legislative pattern that unfolded in the United Kingdom and Canada in
recent months.
With the
opening ceremony of the London Olympics 2012 drawing near, the colossal
security apparatus surrounding the Summer Games has come into focus.
Russian Duma Approves Internet
Blacklist Bill
The Russian
Duma overwhelmingly approved a controversial Internet regulation bill, which
would create a national blacklist and legal partnership with a
content-monitoring bureau.
ACTA's Defeat in Europe and What
Lies Ahead
There's a
majority consensus that ACTA now lies dead in Europe. There are however, a few
murmurs of concern ahead.
Is the TPP the Best Way to Build a
21st Century Society?
The TPP
agreement has been framed by the USTR as a 21st century agreement, but we're
still not convinced -- especially in an environment where the public, Congress,
and civil rights organizations are denied access to the treaty's official text,
while corporate representatives have full access to it.
Raising Global Awareness of the
Plight of Syrian Bloggers
The number
of citizen journalists killed or arrested in Syria rises daily. While some have
received ample international attention for their plight, many others have gone
largely ignored by the media.
New Malware Targeting Syrian
Activists Uses Blackshades Commercial Trojan
Pro-Syrian
government hackers appear to have started using a surveillance tool, called
Blackshades Remote Controller, whose capabilities include keystroke logging and
remote screenshots.
Court Won't Shut Down Aereo Before
Trial -- Round 2 Begins for Internet Startup
Aereo, a
startup that lets viewers watch broadcast TV over the Internet from tiny,
personal antennas, can stay up and running -- at least for now. Several
television networks are trying to sue it out of existence, but lost a motion
asking a federal court to shut it down until a legal decision is reached.
How effective are free speech
campaigns?
EFF's
Jillian York asks prominent players in the international activism space about
the efficacy of free speech campaigns.
Brief of amici curiae supporting
EPIC's petition for writ of mandamus (EPIC v. DHS)
EFF has
joined this brief from the Competetive Enterprise Institute supporting EPIC in
their call for TSA to follow the law and conduct a court-ordered
notice-and-comment period for their new scanners.
Professional wrestler boycotts WWE
for supporting SOPA/CISPA
Wrestler
Sean Morley, known as Val Venis, tweeted that he would not appear on WWE RAW if
they continued supporting SOPA/CISPA.
ISSN
1062-9424
EFFector is
a publication of the Electronic Frontier Foundation.
454 Shotwell Street
San Francisco, CA
94110-1914
USA +1 415 436 9333
+1 415 436 9993 (fax)
eff.org
Editor: Adi
Kamdar, Activist
[email protected]
Membership
& donation queries: [email protected]
General
EFF, legal, policy, or online resources queries: [email protected]
Reproduction of this publication in electronic
media is encouraged. Signed articles do not necessarily
represent the views of EFF. To reproduce signed articles individually, please
contact the authors for their express permission.
Press
releases and EFF announcements & articles may be reproduced individually at
will.
454 Shotwell Street
San Francisco, CA 94110-1914
United States
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 (california does the
same); and, we can only surmise that, already damned as this nation
particularly and this world surely are, their view is that such doesn’t matter.
How totally tragic and pathetic at once! }
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 Chicago pols ( Aah! Riiiiight! Just want 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…In the final analysis, even americans will prove smart enough and not
sufficiently self-destructive enough and as such, will not embrace proven
failure with more proven failure. People must realize 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
(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’ … )
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 US Senators
contradict statements of Special Operations Command.
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 Philadelphia Inquirer, Mr. Shubin also
represents two other alleged victims of Jerry Sandusky. [Related: Jerry
Sandusky child sex abuse case goes to the jury after both [...]
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 Britain based on a deeply-rooted
rage about the way Onyango was treated.
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 Regina, a symbol of the authentic black American experience that Obama
yearns for.
Maraniss found, however, that Regina was based on
Caroline Boss, a white student leader at Occidental College. Regina was the
name of Boss’s Swiss grandmother.
The book also notes that Obama removed two white
roommates in Los Angeles and New York from his story. Obama himself told
Maraniss in a 90-minute interview that a racial incident involving a New York
girlfriend had in fact happened in Chicago.
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
UK Daily Mail | A former professor of Barack Obama
has turned against his one-time student and publicly urged voters not to
re-elect him. http://albertpeia.com/wobamalawprofessorsaysdefeatobama.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 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
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
canada is hardly the touchstone for credible ‘universal’ application inasmuch
as, though hardly a random sampling, I have personally found canadians to be
thieves and criminals without exception thus far in my direct experience. As
such, I’d say this specious study to be somewhat self-serving at best, and
spurious egalitarian propaganda at worst. Rationally based, meaningful,
uncorrupted law and enforcement, though rare, are a prescription for dealing
with base human instincts. It may not always be pretty, but reality counts! ]
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 america. The reality is that
there are so many americans that are not in jail who
should be in
jail, it’s difficult to avoid these harsh third world
measures in what
has essentially become a third world nation overrun by
the most sordid, despicable criminals one can imagine.
They must really prosecute the biggest criminals including the oligarchs as,
ie., the huge frauds on wall street, etc., and ‘bury’ the violent repeat
offenders, etc., without exception. The problem with america is not the
terrorist threat from without, but rather the plethora of inherently criminal
americans within. Moreover, the corruption is pervasive and systemic.
Unfortunately, crime pays in america and pays well; and, God help you if you
try to live within the law and get in their way or potentially cost them money
or some of their illegal business because no one else will. There’s criminal
control at all levels of american society. That’s the problem; with the
relatively few non-criminally inclined, criminal by complicity inasmuch as
americans are for the most part gutless cowards who go along to get along along
with a million other excuses, not the least of which is ‘the price was right’.
That’s reality! That said, it’s the ‘for or agin’ me primitive mentality that
pervades the u.s. government, ‘thought police’, arbitrary powers of detainment,
abrogation of first admendment rights, internet intrusion/censorship, arbitrary
enforcement of the law, etc., that is and I find particularly appalling,
counter-productive, and regressive. There is an element of projection, given some of the evil
things the government has done abroad; blowback being not entirely out of the
realm of possibility which ultimately is the sad consequence of the worst of
human nature which is invariably inclined to go too far in the worst way. The
sad fact is that as with any banana republic, the governmental powers that be
go to whatever nefarious lengths necessary (control by whatever means, at some
level) to unreasonably maintain their access to undeserved power, money,
resources, luxuries, etc., invariably
to the detriment of the vast majority as is so here in america today. There are
very few positive things that can be said of america today. I, for one, cannot
think of any at all!
[ ‘america, love it or leave it’? Love it?
Truth be told, I don’t even like america!
See, ie., http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm
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 AMERICA AND HE IS BLIND!
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!}
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 america. The reality is that there are
so many americans that are not in jail who should be in jail, it’s difficult to
avoid these harsh third world measures in what has essentially
become a third
world nation overrun by the most sordid, despicable criminals one can imagine.
They must really prosecute the biggest criminals including the oligarchs as,
ie., the huge frauds on wall street, etc., and ‘bury’ the violent repeat
offenders, etc., without exception. The problem with america is not the
terrorist threat from without, but rather the plethora of inherently criminal
americans within. Moreover, the corruption is pervasive and systemic. Unfortunately,
crime pays in america and pays well; and, God help you if you try to live
within the law and get in their way or potentially cost them money or some of
their illegal business because no one else will. There’s criminal control at
all levels of american society. That’s the problem; with the relatively few
non-criminally inclined, criminal by complicity inasmuch as americans are for
the most part gutless cowards who go along to get along along with a million
other excuses, not the least of which is ‘the price was right’. That’s reality!
That said, it’s the ‘for or agin’ me primitive mentality that pervades the u.s.
government, ‘thought police’, arbitrary powers of detainment, abrogation of
first admendment rights, internet intrusion/censorship, arbitrary enforcement
of the law, etc., that is and I find particularly appalling,
counter-productive, and regressive. There is an element of projection, given some of the evil
things the government has done abroad; blowback being not entirely out of the
realm of possibility which ultimately is the sad consequence of the worst of
human nature which is invariably inclined to go too far in the worst way. The
sad fact is that as with any banana republic, the governmental powers that be
go to whatever nefarious lengths necessary (control by whatever means, at some
level) to unreasonably maintain their access to undeserved power, money,
resources, luxuries, etc., invariably
to the detriment of the vast majority as is so here in america today. There are
very few positive things that can be said of america today. I, for one, cannot
think of any at all!
[ ‘america, love it or leave it’? Love it?
Truth be told, I don’t even like america!
See, ie., http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm
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
U.S. Department of Justice, the FBI, as well as the Pennsylvania and New York
State Police agencies. Earlier this month, Doug said high-level, reliable
sources told him the Department of Homeland Security is preparing for “massive
civil war” in America as a result of a collapse of the dollar and the
hyperinflation that will result. Alex also continues his coverage of the Army's
re-education camps and the upcoming Bilderberg confab in Virginia.
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 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 (because it will end their
suffering), that it is good for the environment and that it is even good for
the economy. We are being told that denying life saving treatments to old
people will dramatically reduce health care costs and make the system better
for all of us. We are being told that it is not "efficient" for
health insurance companies to shell out $100,000 for an operation that may
extend the life of an elderly person by 6 months. But the truth is that
all of this is part of a larger agenda that the elite are attempting to
advance. As I have written about previously, the elite love death, and they truly believe that reducing the
population is good for society and good for the planet. Sadly, population
control propaganda has reached a fever pitch in recent months.
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 U.S., with an average life expectancy of 78.5, it takes 10
septuagenarians who get an extra five years from the health-care system to
balance a single 30- year-old who gets 50 extra years. Or save the life of a
newborn, who then enjoys a normal life span and dies at 78.5, and you have the
same impact on national life expectancy as 16 operations on septuagenarians.
The average national life expectancy can increase even as the cost goes down.
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 U.S. hospital a 3-year-old girl
named Amelia was denied a kidney transplant that she
desperately needed simply because she is considered to be "mentally
retarded".
These are the kinds of decisions that are being made
by doctors and by health insurance companies all over America every day.
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
Netherlands?
In the Netherlands, mobile euthanasia teams
are now going door to door to help elderly patients end their lives in the
comfort of their own homes.
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 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
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 Great Britain never really escaped from
monarchy. See also, http://albertpeia.com/esotericagenda.flv
http://albertpeia.com/2trapsdestroyingnextgenerationofamericanmen.htm
http://albertpeia.com/totheguillotine.htm
http://www.albertpeia.com/whitesvictimizedbyblacks.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 america, the surface appeal of corporal punishment is
compelling. I disagree with the author’s premise: ‘When many of us were growing up, once
in a while our parents would take out a belt or a wooden paddle and give us a
paddling on the behind when we did something wrong. Was there anything wrong
with that? Of course not.’ }
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 “U.S. citizens are legitimate military targets” and do not
have the right to any legal protection against being marked for summary
execution.
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 USA, it is illegal to impose executions on
people under 18, something that most Democrats would support, I suppose. Yet,
their vaunted president, Barack Obama, has declared that a 17-year-old girl is
to be gunned down if American spies can find her,” writes Bill
Anderson.
“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 U.S. Killing Machine in full force. So
it has come to this: Washington, D.C., is the new home of Murder, Inc.”
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 Atlantic City in
the past two years. Exactly two years before the women were attacked, a casino patron
from northern New Jersey was carjacked inside the Taj Mahal casino parking
garage and later killed. A man convicted in that case is to be sentenced on
Thursday. In September, another casino patron, also from northern New Jersey,
was carjacked from the same garage and later fatally shot. Three young men are
awaiting trial in that case…’ {Then there’s the pervasive mob element…jersey is
disgusting!}
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 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.
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 Kenya.”
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 | 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 Kenya.”
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
U.S. Department of Justice, the FBI, as well as the Pennsylvania and New York
State Police agencies. Earlier this month, Doug said high-level, reliable
sources told him the Department of Homeland Security is preparing for “massive
civil war” in America as a result of a collapse of the dollar and the
hyperinflation that will result. Alex also continues his coverage of the Army's
re-education camps and the upcoming Bilderberg confab in Virginia.
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 America?
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 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.
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 Rome model for collapse
by 2030.
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 Bell | These
bills are all about the criminalizing of the Internet. [ Yes, indeed!
Consistent with and as set forth infra in this article, my direct experience is
that connecticut is just a corrupt nothing state that’s a ‘go along to
get along participant’ in the new york/new jersey corruption/mob axis.
Virginia is similarly corrupt with government mob a dominant player with a
parasitic/symbiotic relationship with mob as well as non-mob aka ‘sometimes
politics’; and california is just out to lunch which is
consistent with reputation which is reality; though still light years better
than, ie., jersey, etc.. On Drudge recently and my comment: 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]... ]
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 Hartford Courant
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 US and
throughout the world.
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 U.S. Senate is titled the PROTECT
IP Act (PIPA).
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 US is apparently in the
grip of directed history. A small criminal clique has grasped control of the US
and is driving the country and the world toward global government. The Internet
stands in their way and they will destroy it if they can.
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 United States killed more than
Stalin and Hitler?
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”.
Washington Examiner | Rush was wearing a grey hoodie under
his suit jacket. [ Typical 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 nigger soul man. ]
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 france has fallen. Former ‘mossady’, this pro-zionist incompetent has really pulled
france down, including his affront by ejecting his French wife in favor of the ‘experienced’ italian
carla bruni, while midstream in public office no less. Like obama, he sounded
like the ‘old biddies’ they are in plaintively expressing their displeasure
with the bloodthirsty incompetent war-monger netanayahu (that ‘leave the
microphone trick’). How pathetic for the world to have such failed
leadership. The problem is, as with Galileo, Copernicus, etc., what if the ‘extremists’ are right?
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 And, who determines what’s extreme?
]
Drudgereport:
Obama gets
personal over killing of black Florida teenager...
Urges
'soul-searching'...
More Miami
schools stage mass walk-outs...
Gingrich
calls Obama's Trayvon comments 'disgraceful'...
Cops: Man
threatened to kill police chief at center of case...
Jeb Bush:
'Stand your ground' invalid here...
Miami Heat
Players Don Hoodies...
'Dead or
Alive' Poster Issued by New Black Panther Party... [ ‘Minority
Report’ Division of Pre-Crime, Pre-Cogs say, ‘Dead or Alive – all niggers’ …
whatever the outcome in the investigative process, the stark reality is that at
least, unlike the niggers committing many more ‘black on white’ violent
crimes, Zimmerman (and this is no
endorsement – I won’t be looking at this one incident all that closely) was at
least trying to do a good thing made necessary by the ever increasing number of
brutal crimes committed by the black thugs in neighborhoods across the nation;
then there’s somalian pirates, etc.. People domestically and internationally
are suffering from nigger-fatigue and are totally niggered out. Oh, yeah, there
are some Hollywood types who feel good about themselves having niggers around
and helping niggers to help them feel better than they really are, insecure as
they are, by being better than at least someone beyond fantasy. Loony george
clooney is one. Dreadfully boring and with that monotone, monotonous voice and
not that bright, he’s not even able to fake it on screen as an action hero
(ie., batman, what a horrific miscast) wimpy pussy in reality that he is; then
there’s the ‘black (sean) penn’ who cried like a baby while incarcerated for a
couple of days not that long ago. The atheist jolie, so fatherly troubled as
she is, has let the equally mentally troubled pitt (she so nutty she makes him
feel somewhat sane though still not too bright) and pendulum ‘backwoods bob’ be
the closest she’s gotten to her black projects. Let them live anonomously (in
disguise) with the niggers for some time for a real close look and then see
what’s left of their predisposed love for the nigger. Then there’s the italian
scallion, booby deniro; drug addled as his black wife high-tower, what a total
embarrassment to Italians everywhere; even as he tried to ingratiate himself
recently with niggers everywhere and particularly national embarrassment mammy
michele with the embarrassing pro-nigger first lady remark.. [ Send the niggers back to sub-saharan
Africa! ]
'BLACK
NIGGERS [ NOT WHITES BY NIGGERS THE IMPLICATION DESPITE FACTUAL DATA TO THE
CONTRARY ] ARE UNDER ATTACK [ SAYS
NIGGER SHAKEDOWN ARTIST JACKSON] ' [ Hold on one cotton-pickin’
minute jesse, that’s not what the facts say Obama: ‘If I had a son, he’d look like Trayvon.’ [ Yeah! He’d
look just like any other nigger. And, don’t worry about the black vote, failed
president wobama the b for b***s*** will get nearly if not all, 100% of the
nigger vote! Drudgereport: Farrakhan
Threatens 'Retaliation'… [ Retaliation? Can you imagine the number of blacks
that would have to be retaliated against based upon the hushed reality of the
prevalence of black on white crime? The blacks should be careful what they wish
for in playing that game because the facts don’t break in their favor. ] ...
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.
http://www.albertpeia.com/whitesvictimizedbyblacks.htm
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! ]
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 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. ]
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 Pirate Bay or WikiLeaks. Join
EFF in calling on Congress to stop the Rogers cybersecurity bill.
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 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.’
‘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 Netherlands six mobile euthanasia teams
are now going door-to-door to help elderly patients end their lives in the
comfort of their own homes.
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
Netherlands the first country in the world to do so. Walburg de Jong, a
spokeswoman for the organisation said that since the ruling some 3,100 assisted
suicides had been carried out annually. The mobile euthanasia teams, she said,
operated free of charge and were designed to make it easier for patients
enduring interminable suffering to end their lives.
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 Rio, Brazil, in
June.
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 U.S. government are even preaching
this philosophy.
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 U.S. foreign policy
from now on.
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 America today, life is considered to be cheap, and
that is especially true if you are "disabled" or
"defective" in any way.
At one U.S. hospital, a 3-year-old girl named Amelia
was recently denied a kidney transplant because she
is considered to be "mentally retarded".
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 Michigan....
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 Michigan's drinking water.
We've got a baby problem in Michigan. Too many babies
are born to immature parents who don't have the skills to raise them, too many
are delivered by poor women who can't afford them, and too many are fathered by
sorry layabouts who spread their seed like dandelions and then wander away from
the consequences.
Michigan's social problems and the huge costs
attached to them won't recede until we embrace reproductive responsibility.
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 --
India has struggled to strike a balance between its security concerns and
online freedom. Though the country's constitution guarantees the right to
freedom of expression, the state is given the right to impose "reasonable
restrictions ... in the interests of the sovereignty and integrity of India,
the security of the State, friendly relations with foreign States, public
order, decency or morality, or in relation to contempt of court, defamation, or
incitement to an offence."
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
In a Washington Post op-ed, Wikipedia founder Jimmy
Wales explains that it's users, not corporate interests, who won the SOPA/PIPA
fight.
ISSN 1062-9424
EFFector is a publication of the Electronic Frontier
Foundation.
454 Shotwell Street
San Francisco, CA
94110-1914
USA +1 415 436 9333
+1 415 436 9993 (fax)
eff.org
Editor: Parker Higgins, Activist
[email protected]
Membership & donation queries: [email protected]
General EFF, legal, policy, or online resources
queries: [email protected]
Reproduction of this publication in electronic media is encouraged.
Signed articles do not necessarily represent the views of EFF. To reproduce
signed articles individually, please contact the authors for their express
permission.
Press releases and EFF announcements & articles
may be reproduced individually at will.
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 Florida sanctuary where he lived. Did Cheetah from 1930s Tarzan flicks die? A Florida animal
sanctuary says Cheetah, the chimpanzee sidekick in the Tarzan movies of the
early 1930s, has died at 80. But other accounts call that claim into question.
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 america doesn’t even own up to incidents concerning Americans
(ie., Pat Tillman, etc.).
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 Philadelphia) speaking at his Church in August 2011.
The video is approximately 30 minutes long, but a tutorial that would be most
beneficial to leaders, and those wishing to make a positive change. Jump to
MINUTE 9 for his salient points.
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 Lakewood high school.
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 USA!
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 US and get a free ride on many
services. What the hell, i have been brought up if i can’t afford i don’t get it, including times
where my cupboard was bare. I don’t go to the state, don’t have kids if you can’t afford them, don’t have sex if you can’t afford protection. Yet
we provide food and shelter for people who do nothing for other peoples money
distributed by the Government and stolen from the tax payer. We are at a
tipping point the number of people on assistance is close to the amount not
when that happens we have no chance of turning it around. This mess filled a
need and works fine short term, long term dependence take incentive and
personal drive away and creates a restless society that is given just enough to
get buy and no satisfaction of achievement. This is a colorless problem of
entitlements and Affirmative action. Now we are at a point if we change it
there is going to be racial and class warfare. Thanks libs, thanks obama for
the mastering us of the race card. Sorry about the rant.
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 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
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. Kwanza be for da chosen peoples.
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 Jordans? Figures.
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
Pingback: Cops pepper spray mob... | Breaking
News
Pingback: Brawl... | Breaking News
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
Pingback: Gunfire... | Breaking News
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 America.
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 America, where we have all
the resources we need to survive and be well fed, I just don’t understand. What the
h-ll is so important about a pair of overpriced shoes? I don’t get it; really, I don’t.
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
Pingback: They Can't Wait, They Break Into The
Mall... | Breaking News
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 Negros are their own
worst enemy they just can’t help themselves. For the most part they have no
decency, no discipline and pure gutter trash instinct. I don’t particularly blame them
though they have a weak constitution It’s what the welfare, government cheese and hand outs
does to them that is the shame here.
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
Fatima
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 America
and they were helping to create it.
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 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
5:49 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 America once and for all!!!”
December 24, 2011 at
8:48 am | Reply | Report comment
Death of America
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 Detroit, MI:
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...
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
Arizona Democratic Representatives Giffords, Republican Representative Mike
Conaway from west Texas, and Judge Roll. Giffords and Roll were working
together on investigating the extent of the clandestine weapons and druigs
smuggling operation and held some joint meetings with informants, one in north
Phoenix, in 2009.Information on the investigation and informants was strictly
limited to only a few trusted staffers and clerks for Giffords and Roll. In
addition, Conaway was also being briefed by informants on the smuggling
operation but since the death of Roll and the severe mental and physical incapacitation
of Giffords from the shooting carried out by Jared Lee Loughner, said to be an
MK-ULTRA-like trained assassin, he has gone silent in fear for his own
safety.Loughner’s was declared mentally incompetent and there are
reports, including one in Slate Magazine, that the U.S. Medical Center for
Federal Prisoners in Springfield, Missouri, where Loughner is being held,
pending a determination of his mental fitness to stand trial, is being
administered psychotropic drugs in his Kool Aid.In addition to receiving drugs
to fund its off-the-books operations, the CIA weapons smuggling program is
designed to arm the two main Mexican cartels — Sinaloa and Los Zetas — in order to destabilize
Mexico.
Israel
stole weapon-grade uranium from US, report will show Daily Star
| Report will show evidence Israel stole weapons-grade uranium from nuclear
reprocessing plant in Pennsylvania. Kristin Dailey December 8,
2011 WASHINGTON: A U.S.-based research institute will soon publish what it says
is “indisputable” evidence that Israel
stole weapons-grade uranium for its still-undeclared atomic weapons program
from a nuclear reprocessing plant in western Pennsylvania. The Institute for
Research: Middle Eastern Policy (IRmep) will release this month a 300-page
report detailing the initial findings of a multi-year research project
investigating the disappearance of highly enriched uranium from the Nuclear
Materials and Equipment Corporation (Numec) in Apollo, Pennsylvania in the
1950s and 1960s. Grant Smith, the director of IRmep, told The Daily Star that
the report would include a broad range of newly declassified and un-redacted
government documents from various agencies – including the Department
of Energy, Atomic Energy Commission, FBI and CIA – that prove that nuclear
material was diverted from Numec to Israel. “The story at this point
is that there is no one smoking gun; there are many smoking pistols lying all
over the place that we’ve painstakingly collected,” Smith told The Daily
Star.’
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 San Francisco Chronicle.
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 U.S. government is now ordering
You Tube to remove videos that contain “government criticism,” the potential for this legislation to be abused to silence
political free speech is clear. Add to that the fact that Verisign, the global
authority over all .com domain names, is demanding
the power to terminate websites deemed “abusive” when ordered to by
government without a court order or any kind of oversight whatsoever, and the
threat to web freedom is clear.’
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 america
look like a bigger joke)! He’s a caricature at best, and the joke that keeps on
giving (SNL, etc.), and a government-protected mobster. ‘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., as does 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). 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. (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.
‘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
Caribbean and occasionally docking at small islands."I did not want to be
there, I made it clear I did not want to be there and that was considered bad
ethics, meaning it was considered not right," she said. "They take
your passport when you go on the ship and you're in the middle of an island. So
it's a bit hard [to escape] and by that time I was 18, I'd been in Scientology
my whole life, it's not like I knew how to escape," she said…’
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 California….
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 U.S.
schools are being treated as very serious crimes. For example, when a
little girl kissed a little boy at one Florida elementary school recently, it
was considered to be a “possible sex crime” and the police were
called out.
#6 But what happened to one very young student in
Stockton, California earlier this year was even worse….
Earlier this year, a
Stockton student was handcuffed with zip ties on his hands and feet, forced to
go to the hospital for a psychiatric evaluation and was charged with battery on
a police officer. That student was 5 years old.
#7 In the United States today, police are trained to
respond to even the smallest crimes with extreme physical force. For
example, one grandfather in Arizona was recently filmed laying
unconscious in a pool of his own blood
after police rammed his head into the flood inside a Wal-Mart on Black Friday
night. It was thought that he was shoplifting, but it turns out that he
says that he was just trying to tuck a video game away so other crazed shoppers
would not grab it out of his hands.
#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 United States. For
example, the following comes from a local news report down in Tennessee….
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 Penn State defensive coordinator founded. When Matt was placed in
juvenile hall after he set fire to a barn in 1995, he soon entered the Sandusky
home as a foster child. He was adopted by Sandusky as an adult at age 18.
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 Sandusky soon became a source of fear for her son, as he would
take the boy out of school when he was 15 years old, unbeknownst to her.
"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 Sandusky was what made her once-quiet son lash out, and eventually
fall into the coach's hands.
"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 Sandusky's home Matt attempted suicide, along with another girl who
was staying in the house, according to a report in the Patriot-News. After the suicide attempt,
Terry L. Trude, a school-based probation officer, wrote a letter to a local
judge asking that Matt's care at the Sandusky home be reviewed.
"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 Rome.
However, it has only gained an American face in the last century.
The United States quickly emerged as the world’s “superpower” primarily through its
economic might. For some time, many believed the U.S. to be a shining
example of economic freedom for other nations to emulate. Indeed, America
was eager to promote “economic freedom” globally to open new markets for U.S.-based
corporations.
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
America to complete a plan set in motion well before they were one of the
colonies. That is unless, of course, other world powers break ranks and
attempt to stop the conquerors, which could lead to a large scale conflict.
Regardless, when the
dust settles and moral history is written, America and her Western cohorts will
likely be viewed as the most brutal empire in history. Here are ten
reasons why this is already the case:
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 America’s latest crusades, they covertly and surgically
attacked countries that never threatened them. This allowed them to
maintain the moral high road in the public’s eye while constructing the foundation of their
empire. That was until the Bush Doctrine; the use of
preemptive military action to confront possible threats was unofficially
adopted to be the new foreign policy for combating terror. Since then,
America has become the violent aggressors, having officially invaded two
countries —
Afghanistan and Iraq — without legitimate provocation. Violent
aggressors have always been judged by history as evil. But it gets worse….
#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 United States through the
all-seeing eye of the Department of Homeland Security with warrantless
spying, arbitrary watch lists, citizen
spy campaigns, and TSA molestation to travel anywhere. Additionally,
in an attempt to squash free speech, they arbitrarily seize websites and
violently confront peaceful protesters. Unfortunately, as awareness of
the topics in this very article expands, the U.S. will likely become even
bolder in their pursuit of stifling dissent. In other words, the worst is
yet to come, and history will judge the U.S. as not quite the beacon of freedom
they have pretended to be.
#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 US government not only can seize a US citizen and confine him in prison for
the rest of his life without ever presenting evidence and obtaining a
conviction, but also can have him shot down in the street or blown up by a
drone.”
Isn’t
this the reason America claims to be knocking off dictators around the world — the deliberate killing
of their own citizens?
But Awlaki was a bad
apple because the intelligence community said so. What’s most telling that
America will continue this wickedness is that almost every US lawmaker turned a
blind eye to the grotesque violation of Constitutional rights. Only Ron Paul
said that assassinating an American citizen without charges is nothing less
than an “impeachable
offense”.
Too bad most of the country cheered the Awlaki killing as a “victory” in the war on terror,
indicating that it is now an acceptable tactic. Americans beware: you may
be moved from a secret watch list to a secret kill list in this brutal empire.
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 US Congress no longer votes to “declare war”. They simply give the
Commander in Chief broad “authorization” to use force against specific nations. However, even
that is not broad enough in the rapid pursuit of empire. Now, joystick
warriors directed by the CIA and Pentagon have targeted at least three
countries with “unauthorized” military strikes; Pakistan,
Yemen, and Somalia. Even worse, they waged a full-scale war for
regime change and resource plundering in Libya without any authority
inside the United States. Under the NATO flag, which is 75%
funded by the U.S., they flew over 9200
strike sorties in Libya to illegally topple Gaddafi. Drunk with
success, the bloodthirsty empire marches on to their next preemptive targets,
Syria and Iran. Quick morality check: unprovoked killing and stealing as
a first resort is still wrong, right?
#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
United States is on record using chemical, biological and even nuclear weapons.
From the atomic bombs dropped on Hiroshima
and Nagasaki in WWII, to Monsanto’s Agent
Orange in Vietnam, to the depleted
uranium used in Afghanistan and Iraq, America only condemns itself when
speaking about the evils of WMDs. However, killers don’t appear to care how the
killing is accomplished, so long as it achieves their goals. The real
firecrackers will likely be brought out in a confrontation with Iran, or if
China and Russia are lured into the conflict. It won’t really matter much what
history says if the use of WMD escalates by either side, but the aggressors
should rightly be blamed for the ensuing scorched earth, while the defenders
against killers and thieves should be viewed as righteous.
#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 US Federal Reserve, their affiliate central
banks, and the IMF. Before long, the entire world is colonized by debt.
It seems that only the nations that don’t need or refuse credit
from Western banking institutions are the ones in danger of facing the wrath of
the imperial war machine. Incidentally, most oil-rich nations in the Middle
East have outlawed usury (lending money with interest), making them
impossible to conquer
diplomatically through debt. Controlling the world reserve currency
means controlling the tap of life itself, which is a dangerous weapon in the
hands of an aggressive empire. Debt is the ultimate WMD the empire uses
to enslave the world, which leaves dissidents with two clear choices: slavery
or death.
Although this empire is
infinitely more powerful than Rome was, it will suffer the same fate. For
every negative action the empire commits, there’s an equal and opposite
good reaction. And the goodness of humanity will always defeat tyranny when it
goes too far. However, an empire with so much to lose will go down
swinging and slinging every weapon in its arsenal, thus putting the final stamp
on their status as most brutal empire in history.’
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 U.S.
Census Bureau, a higher percentage of Americans is living in extreme poverty
than they have ever measured before. In 2010, we were told that the
economy was recovering, but the truth is that the number of the “very poor” soared to heights never
seen previously. Back in 1993 and back in 2009, the rate of extreme
poverty was just over 6 percent, and that represented the worst numbers on
record. But in 2010, the rate of extreme poverty hit a whopping 6.7
percent. That means that one out of every 15 Americans is now considered
to be “very
poor”.
For many people, this is all very confusing because their guts are telling them
that things are getting worse and yet the mainstream media keeps telling them
that everything is just fine. Hopefully this article will help people
realize that the plight of the poorest of the poor continues to deteriorate all
across the United States. In addition, hopefully this article will
inspire many of you to lend a hand to those that are truly in need.
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 U.S. population, make up the poorest poor,
defined as those at 50 per cent or less of the official poverty level.
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 U.S. you would never even know that the economy was having
trouble, and other areas resemble third world hellholes. In most U.S. cities today, there are the “good neighborhoods” and there are the “bad neighborhoods”.
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 U.S. Census Bureau, the percentage
of “very
poor”
rose in 300 out of the 360 largest metropolitan
areas during 2010.
#2 Last year, 2.6 million more Americans descended into poverty. That was
the largest increase that we have seen
since the U.S. government began keeping statistics on this back in 1959.
#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 United
States increased to 22% in 2010.
#5 There are 314 counties in the United States
where at least 30% of the
children are facing food insecurity.
#6 In Washington D.C., the “child food insecurity
rate”
is 32.3%.
#7 More than 20 million U.S. children rely on
school meal programs to keep from going hungry.
#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
United States were on food stamps.
#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 U.S. children will be on food stamps at some point in their lives before
they reach the age of 18.
#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
Mexico”.
Tuesday, November 1, 2011
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 National Drug Intelligence Center, internal
DOJ documents obtained by CBS News show.
“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 U.S. service members arrived on the ground
in Tripoli.
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 U.S. enlist in every branch of armed forces.
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 America Survive to 2025?"
Buchanan, set for maximum controversy, launches all rockets
at introduction "Disintegrating Nation" -- and does not let up for
400-plus pages.
"America is disintegrating. The centrifugal forces
pulling us apart are growing inexorably. What unites us is dissolving. And this
is true of Western Civilization....Meanwhile, the state is failing in its most
fundamental duties. It is no longer able to defend our borders, balance our
budgets, or win our wars."
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 Spain in our
independent America. We have a new division in our country, those who pay a
double or triple fare, and those who ride forever free.”
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 America
“[W]hite America is an endangered species. By 2020, whites
over 65 will out-number those 17 and under. Deaths will exceed births. The
white population will begin to shrink and, should present birth rates persist,
slowly disappear.”
“Mexico is moving north. Ethnically, linguistically and
culturally, the verdict of 1848 is being over-turned. Will this Mexican nation
within a nation advance the goals of the Constitution -- to “insure domestic
tranquility” and ‘make us a more perfect union’? Or have we imperiled our
union?” (Page 134)
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 Howard University, LBJ changed the meaning of equality
from the attainable -- an end to segregation and a legislated equality of
rights for African-Americans -- to the impossible: a socialist utopia.”
“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
America’s war of revenge against Japan was a race war.
Newsreels, movies, magazines, comic books, headlines treated “Japs” as a
repulsive race whose extermination would benefit mankind....Only well after the
war was over was it re-branded a war to bring the blessings of democracy
to...Japan.
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 Europe. We borrow from the
Gulf states to defend the Gulf states. We borrow from Japan to defend Japan. Is
it not a symptom of senility to be borrowing from the world so we can defend
the world?”
“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, George Washington University professor Justin Frank also reveals that
Obama has spent much of his life seeking out father figures, but most, like
Rev. Jeremiah Wright and Vice President Biden, have disappointed him.
"Obama searched for a father, for someone to relate to who could help him—a strong man who knew
what to do," Frank writes.
[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 Greece on the precipice of default and Portugal and Italy
approaching the ledge, the European monetary union appears in peril.
Should it collapse, the
European Union itself could be in danger, for economic nationalism is rising in
Europe. Which raises a larger question.
Is the New World Order,
the great 20th century project of Western transnational elites, unraveling?
The NWO dates back as
far as Woodrow Wilson's League of Nations, which a Republican Senate refused to
enter. FDR, seeking to succeed where his mentor had failed, oversaw the
creation of a United Nations, an International Monetary Fund and a World Bank.
In 1951 came the
European Coal and Steel Community, love child of Jean Monnet, which evolved
into the European Economic Community, the European Community and the European
Union. A European Central Bank and a new currency, the euro, followed.
The hidden ultimate goal
of economic union was political union – a United States of Europe as model and core of the
21st-century world government.
With the disintegration
of the Soviet Union, the EU expanded to the east. And the New World Order,
formally proclaimed by George H.W. Bush in 1991, was out in the open and
seemingly the wave of the future.
Progress was swift.
A North American Free
Trade Agreement, bringing the United States, Mexico and Canada into a common
market that George W. Bush predicted would encompass the hemisphere from
Patagonia to Prudhoe Bay, was signed in 1993.
A World Trade
Organization was born in 1994. U.S. sovereignty was surrendered to a global
body where America had the same single vote as Azerbaijan.
The Kyoto Protocol,
brought home by Vice President Al Gore, set up a regime to control the
worldwide emission of greenhouse gases.
An International
Criminal Court, a permanent Nuremberg Tribunal to prosecute war crimes and
crimes against humanity, was created.
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 Orange County, California, it is illegal to
hold a religious meeting in your home.[ How totally pathetic … California … truly the ‘land of fruits and nuts’! … Meanwhile, the inmates that run
the asylum called California are releasing felons from prisons in droves
because they can’t count, do simple math. Maybe if
these peaceful people in the confines of their homes (it’s a jungle out there on the lawless California ‘streets’) were to commit serious crimes
they would get more empathy, understanding from the inmates / criminals running
the asylum they call California! Outrageous! ] ‘This is what Chuck and Stephanie Fromm, of San Juan
Capistrano, discovered when they were fined $300 earlier this month for holding
a Bible study class on their property.Officialdom in the county said the couple
were singled out because it is considered illegal to hold “a regular gathering of more than three people” on private property. Officials stated that the Fromms
require a license to hold meetings in their home.San Juan Capistrano
authorities claim home Bible study is not allowed because it is a “church,” and churches require a
Conditional Use Permit (CUP) in residential areas.The Fromms face additional
fines of $500 per meeting for any further “religious gatherings” in their home, according to the Pacific Justice Institute.The city’s action is a brazen violation of the First Amendment,
which guarantees free worship without government intervention.PJI and the
Fromms plan to appeal a decision made by the city to uphold the fine and
restriction to the California Superior Court in Orange County, according to KCOY 12 News, a Fox affiliate.Ironically, the city of San
Juan Capistrano was founded as a mission in the late 1700s by Catholic priest
Junipero Serra. A local chapel established by Serra is the oldest standing
building in California.’
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 Southeast Asia, and experts
were warning that a worldwide pandemic could kill tens of millions of people.
Mr. Obama was one of the first political leaders to call for more money to head
off the danger, which he described as an urgent public health threat.
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 Asia; the
full Senate later approved that measure. And in April 2005, he introduced a
bill calling for more research on avian flu drugs and urging the government to
increase its stockpiles of antiviral medicines.
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 Iowa, succeeded in amending another bill to provide $3.8 billion
for battling the flu.
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, 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.
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 (Washington Post) [ U.S. space politics? I
didn’t know there was such a thing. But I, and I’m sure all know that ‘u.s.
politics are spaced’. Flux? One could only hope. I’d say, ‘fleeced’; as in
we’ve all been fleeced. Sterner:
5 myths about NASA (Washington
Post) [ If you can’t get past the first myth; viz., that they actually set foot
on the moon, the other 5 so-called myths become irrelevant. Indeed,
post-Eisenhower, and certainly post-Kennedy-assassination / coup d’etat, NASA
was all military / military industrial complex (moreover, someone knowledgeable
about such matters said essentially that in explaining to my surprise the
transition to the shuttle program it was said there was greater military
application in same). In any event, Russia’s been doing quite a bit of ‘heavy
lifting’ vis-à-vis the space station, but not inordinately so. All I can say
with certainty is that the universe beyond this solar system is forever
protected / insulated. The fact is, they never set foot on the moon; and, in
light of the pervasive corruption in and defacto bankruptcy of the nation,
their perpetual wars toward making a hell on earth militate against anything
but trying to do even just a little bit better (for a start),
terrestrially. NASA wants
mission to bring Martian rocks to Earth (AP) Why? They already have
that and more: Launch
of secret US space ship masks even more secret launch of new weapon The
Militarization of Outer Space: The Pentagon’s “Space Warriors” Global
Research | It’s not as if things aren’t bad enough right here on
planet earth. Now the Defense Department wants to up the stakes with new,
destabilizing weapons systems that will transform low- and high-earth orbit
into another “battlespace.” 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).
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 U.S. economy and lower an
unemployment rate of more than 9 percent. Switzerland held onto the top spot
for the third consecutive year in the annual ranking by the Geneva-based forum,
which is best known for its exclusive meeting of luminaries in Davos,
Switzerland, each January. Singapore moved up to second place, bumping Sweden
down to third. Finland moved up to fourth place, from seventh last year. The
U.S. was in fourth place last year, after falling from No. 1 in 2008.
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
U.S. for its productivity, highly sophisticated and innovative companies,
excellent universities and flexible labor market. But it also cited "a
number of escalating weaknesses" such as rising government debt and
declining public faith in political leaders and corporate ethics.
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 U.S. slipped, emerging markets gained traction. China
took 26th place, highest among major emerging economies; Brazil was 53rd; India
was 56th; and Russia was 66th.
"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.,
america is indeed a banana republic at most.]
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 America (BAC)
giving him 6% interest tax-free (a "coddled" billionaire?) and making
he and Berkshire (BRK) a new TARP program.
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 Shanghai Gold
Exchange raised margins putting pressure on prices Wednesday in the U.S. Not so
secretly evidently, Da Boyz met in Chicago and determined to raise gold margins
after the close of trading on Wednesday--this being
done with prices already down $100. This action was obviously leaked to those
in the options pits and the impact enhanced with options expiration Thursday.
So we gapped down lower with this event no doubt triggering more stops. This
made the strike price hunt down profitable for those on the floor. Once those
cleared we rallied back and closed slightly higher on the day.
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.
(Washington Post) [ First, let’s call this economic scenario what it is; viz.,
the ‘d’ word … ‘depression’. For those who find that term unutterable, then
‘double-dip recession’ is the term for you. All the dollar debasement
(over-printing, etc.) for the benefit of the frauds on wall street et als to
the substantial detriment of everyone else can’t change and has exacerbated and
obfuscated this fact. Moreover, there has been a manipulated churn-and-earn
high-frequency trading bubble-bull cycle in what is unmistakably a secular bear
market. Famed
economist predicts economic calamity in 2012. See the evidence.Newsmax http://w3.newsmax.com/a/aftershockb/video.cfm?promo_code=CA79-1 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.
Will:
Is Britain a lost ally? (Washington Post) [ How ‘bout just lost! And, while on the
subject of lost, pervasively corrupt, defacto bankrupt america should tell the
so-called (self-interested to america’s detriment) ‘ally’ israel to get lost!
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 Britain.Alex (Malcolm
McDowell), the main character is a charismatic, psychopathic delinquent
whose pleasures are classical music (especially Beethoven), rape, and so-called
'ultra-violence'. He leads a small gang of thugs (Pete, Georgie, and Dim), whom
he calls his droogs (from the Russian друг,
"friend", "buddy"). The film tells the horrific crime spree
of his gang, his capture, and attempted rehabilitation via a controversial
psychological conditioning technique. Alex narrates most of the film in Nadsat, a
fractured, contemporary adolescent slang comprising Slavic
(especially Russian), English, and Cockney rhyming slang.A Clockwork Orange
features a soundtrack comprising mostly classical music selections and Moog
synthesizer compositions by Walter
Carlos. The now-iconic poster of A Clockwork Orange, and its images,
were created by designer Bill Gold. The film also holds the Guinness World Record for being the first
film in media history to use the Dolby Sound system ‘ ]
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 (Washington Post) [ Oh come on Mr. Will! I’d say Kennedy’s blunder was, as Caesar and the ides of
March, not heeding warnings concerning that Dallas ride. A bit of a reach
though factually accurate are the implications, consequences of those highlights
which in terms of results were foreseen years before by ‘Warrior-General
Patton’. Indeed, for the rising military industrial complex, one way or
another, conflict whether hot or cold, requiring substantial defense spending
was fait accomplis. I’m disappointed to hear of Kennedy’s unfounded criticism
of the last great leader / president, the substantially underrated but great
President General Eisenhower which I would attribute to Kennedy’s own
insecurity regarding such matters and possibly in psychiatric terms, a form of
displacement. 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.
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. (Washington Post) [ And
not just europe’s outlook … How
stable is the banking industry?. (Washington Post) [ Not too! … as if
anyone should need remindin’! After
all, a depression is that ‘lowering tide that grounds all boats’ (the converse
of that word picture I like to use in analysis of securities wherein focus on
the macro environment, the economy, the largest aggregate enhances your
probabilities of success on the theory / cliché ‘a rising tide lifts all
boats’. Clearly, simplistic wisdom that is true.) 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
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
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 U.S. history. (Washington Post) [ Duh!
Ya think! 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.’
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.
(Washington Post) [ First, let’s call this economic scenario what it is; viz.,
the ‘d’ word … ‘depression’. For those who find that term unutterable, then
‘double-dip recession’ is the term for you. All the dollar debasement
(over-printing, etc.) for the benefit of the frauds on wall street et als to
the substantial detriment of everyone else can’t change and has exacerbated and
obfuscated this fact. Moreover, there has been a manipulated churn-and-earn
high-frequency trading bubble-bull cycle in what is unmistakably a secular bear
market. 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) ‘Robert Wiedemer’s new book,
“Aftershock: Protect Yourself and Profit in the Next Global Financial
Meltdown,” quickly is becoming the survival guide for the 21st century. And Newsmax’s
eye-opening Aftershock Survival Summit video, with exclusive interviews and
prophetic predictions, already has affected millions around the world — but not
without ruffling a few feathers. [
The instant video on the economic /
financial collapse from Stansberry and Associates is so well researched and succinctly presented that I’ve archived same on my website;
also, because the facts and views presented comport with the facts and views
I’ve presented on my site which I believe to be correct. This is a must-view,
must-see that I strongly recommend!
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
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
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. (Washington
Post) [ The reply: right after you wobama for gross incompetence, for harboring
war criminals bush and cheney et als, for unconstitutional exercise of war
powers alluded to by congressional members, for fraud in the inducement and
factum (false campaign statements/promises), and as soon as you return that
ridiculous thing called the ‘nobel peace prize’ belied by your actions, etc..
Come on! Who takes this clown, ‘wobama the b’ (for b***s***), seriously. He’s a
total joke and totally pathetic at once!
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). 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
Democrats
strike back on taxes Obama and others are gambling that voters will see
GOP’s stance as recalcitrant and out-of-touch. (Washington Post) [ Ooooh! ‘The
Empire Strikes Back’! They’ve done it again! Brilliant political gambit!
Checkmate in 2 … 012 … NOT! … Come on! While
perma-war/wall-street-fraud-etc.-lovin’ republicans, as democrats, are
complicit in this mess called pervasively corrupt, defacto bankrupt disunited
states of america, recalcitrance and out-of-touch is hardly the exclusive
province of one party or the other which have in large measure morphed into one
conglomeration of venality, self-interest, crime, incompetence and corruption.
Actions, not words, count! Results count! How ‘bout recounting the actions,
results! Dismal at best, globally embarrassing at worst! 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.
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...
9-24-12 PAPER:
Don't believe hype on US 'recovery'...
Pennsylvania
Shock Poll: Obama 47% Romney 45%...
FLORIDA
POLL: O 48% R 47%...
Veterans
retreating from president...
Romney
assails Obama after US ambassador's murder...
'Bumps
In The Road'...
Ryan:
Middle East looks like '1979 Tehran'...
Slipping
away? Obama campaign manager now says DON'T PAY ATTENTION TO 'NATIONAL'
POLLS...
GALLUP SATURDAY: O
47% R 47%...
RASMUSSEN:
O 46% R 46%...
Pushing
'change' is tougher this time around...
Early
voting transforms campaigns...
DICK MORRIS: Why The Polls
Understate Romney Vote...
Romney Releases 2011 Tax
Returns; Paid $1.9 Million on $13.7 in Income...
...donated $4,020,772
to charity
Voluntarily paid more than
required...
Harry Reid avoids prior
claims...
'TIME TO SHOW YOURS, HARRY'
Zuckerman: Obama Campaign
'Divisive and Dishonest'...
POLL: Distrust in Media Hits
New High...
Biden on college
cheerleaders: 'The stuff they do on hard wood, it blows my (lobotomized)
mind'...
WHITE HOUSE STORY ON LIBYA
FALLS APART...
100 DAYS UNTIL LARGEST TAX HIKES IN HISTORY... http://albertpeia.com/taxmaggedon.htm
FIRST
SERIOUS INTERVIEW: O PRESSED ON FAILURES BY UNIVISION
Romney:
Obama's New Slogan 'No, I Can't'...
GALLUP: O 47% R
47%...
Median
Income In OH Hits 27-Year Low...
Obama still
blames video for Libya attack?
Ramos Rips Away...
'YOU
DID NOT KEEP YOUR PROMISE'...
Shouldn't
you 'fire' Eric Holder?
Student
asks president for advice -- on how to find a job!
PAPER: 'THE
OBAMA YOU DON'T KNOW'...‘…But beyond
the spin and the polls, a starkly different picture emerges. It is a portrait
of a man quite unlike his image, not a visionary reformer but rather a classic
Chicago machine pol who thrives on rewarding himself and his friends with the
spoils of public office, and who uses his position to punish his enemies. Peter
Schweizer captures this other Obama with a bracing statistic in his book
"Throw Them All Out," published last year. In the Obama economic
stimulus program's Department of Energy loans, companies owned and run by Obama
contributors and friends, like Solyndra's George Kaiser, received $16.4
billion. Those not linked to the president got only $4.1 billion. The Energy
Department is far from the only federal program in which favoritism has heavily
influenced federal grants. To paraphrase Tammany Hall's George Washington
Plunkitt, Obama has seen his opportunities and taken them, over and over. - Mark Tapscott / Executive Editor’
Republican
senators decry 'useless, worthless' Clinton briefing...
Lewinsky
set to reveal Bill Clinton's sex secrets in tell-all book...
'Worst
nightmare'...
OBAMACARE TAX TO HIT 6 MILLION
MOSTLY MIDDLE CLASS
RASMUSSEN
SWING STATES: R 47% O 46%...
POLL CONFIRMS ROMNEY: OBAMA
HAS 47%... { Yes…and the really tragically sad part of that reality
for america is that it’s a strategy of theirs, making americans dependant on
the government (for food, protection from bogus, self-created/induced bogey
men/terror, protection from warranted prosecution as with the largest frauds on
wall street, corzine et als, mf global etc.); and not just the poor; viz., ie.,
the frauds on wall street and their contraindicated QE entitlement along with
protection from prosecution for their huge frauds, etc… }
Tax Compliance for Obamacare:
80 Million Hours...
O: 'I ACTUALLY BELIEVE IN REDISTRIBUTION'
Analyst: Fed's 'QE-Infinity' Will Push Gold Up to $2,400...
Mortgage Lending Slides to
16-Year Low...
WSJ: The Data Behind Romney's
Comments...
REPORT: Median Income Worse
Now Than During 'Great Recession'...
'Unprecedented' Jump in Food
Stamps...
8,786,049: Yet Another Record
for Americans Collecting Disability...
16 people
working for each person collecting..
US credit rating downgraded -- again...
PUMPING BLAMED...
CASH FOR BANKERS: Fed risks
political fallout...
Faber: If I Were Bernanke, I Would Resign...
{ Yeah…but you’re not ‘The Rain Man’ … he’s comfortable there … He’s not insane
according to Einstein’s definition; viz., doing the same thing over and over
and expecting a different result … He’s just … ‘The Rain Man’ (Doesn’t burnt
out bernanke remind you somewhat of Dustin Hoffman in portraying the character
of the same name/film? If only he could count like ‘The Rain Man’.) }
Gas Prices More than Double
Under Obama: $1.84 to $3.85...
Kids Question Michelle: Where
Will They Move When President Loses?
'FULL-BLOWN CRISIS'
ELECTION MANIPULATION: NEW PUMPING BEGINS!! { This is an especially great opportunity to sell
this suckers’ market/take profits! Nothing’s been solved! Just because
‘no-recession-helicopter-ben’ says something, does not mean it’s true (remember
that ‘no recession call’ of his; and, of course, no QE before the election,
prospectively, already discounted many times over by the ‘markets, such as they
are, ie., algo buy programs, etc.. ).
All this and now ‘whatever’ is too little and too late for the uss
Titanic which has taken on too much, not water, but b***s***. This was a
desperate move, bespeaking desperation.The fact is things are ominously so bad,
and worse than ‘allowed’ to be seen for the moment, that something as this QE
which is economically and financially contraindicated and a proven failure for
all but the frauds on wall street along with their cohorts including desperate
politicos, is resorted to in desperation to divert attention from their
unequivocal failure. After all, though having cost so many americans their jobs
with wrong calls and policies, bernanke is trying to save his own by inflating
the markets (along with everything else, ultimately hyperinflationary) for fellow failure wobama’s sake (wobama
rehired failure bernanke, President Romney would have fired, and will fire him
… goldman sachs knew this dollar debasing failed policy QE 3 would come and at
the expense of the muppets…that’s their term for all you suckers). I further
believe this contraindicated largess to the frauds on wall street is to
preserve his post fedship tenure job possibilities by ingratiating himself even
further with those nefarious, self-serving interest groups. }
Romney Calls Obama Response:
'Disgraceful'...
Muslims Attack US
Embassies...
Mobs with guns and rocket-propelled
grenades...
FLASHBACK: Hillary Clinton
boast on Gaddafi: 'We came, we saw, he died'...
PROTEST: $9 gallon for gas in
NY and NJ...
Median income lowest since
1995...
Lower class grows...
Why did Obama use N-word to
describe his grandfather?
Suspected Bank Robbers Toss
Cash Out Window During Police Chase...
VIDEO... { A neighborhood nigger in response to a
reporter lauded the criminal acts of the armed niggers saying they brought cash
into the neighborhood where (other niggers) ‘people’ are hurting. Isn’t that
among the typical rationalizations that underlie every dastardly deed
perpetrated by the uncivilized niggers? The niggerized DOJ under holder/obama
similarly finds ways to rationalize not prosecuting as promised; ie., biggest
frauds on wall street, mfglobal/jon corzine, defense of and protection for
black panthers, etc.. How can people wonder why this nation’s crumbling? }
ROMNEY: 'Forwarned' is better
than 'forward''... {
Sampling some of the network talking head roundtables over the weekend I was
astounded how many wobamanoid apologists talked up the dismal, paltry private
jobs, many part-time or low-pay, without mention of the record insurmountable
$5 trillion increase in the deficit to create them for the purpose of
obfuscating wobama’s blatantly failed performance as potus. Such people, either
so partisan, so unschooled in the relevant disciplines, so ill-prepared for the
journalistic task entrusted to them, literally have no defendable place in the
field of real journalism and are an embarrassment to all that journalism
purports to be. }
DICK MORRIS: Obama Thugs
Rough Up GALLUP For Polls They Don't Like...
POLL: O 49% R 45%...
reuters/ipsos – the socialist/communist pollsters…they have a lot at stake…look
at their socialist europe and left-leaning city bases. Their polls can’t change
what already is!
DEMS SOFT ON WALL STREET
CRIMES...
FLASHBACK: CARTER +4 OVER
REAGAN IN SEPT 1980 [+8 IN OCT]...
FLASHBACK: DUKAKIS +17 OVER
BUSH AFTER DNC 1988...
DICK MORRIS: Advantage
Romney...
REPORT: GOV'T
MOTORS LOSES $49,000 ON EACH CHEVY VOLT...
'The Democrats' GM
Fiction'...
Pentagon buys hundreds to
'green up' military...
8.1%
+96,000
368,000 DROPPED OUT
88,921,000 'NOT IN LABOR
FORCE'
Milbank: Demigod falls to
earth... { After four years of unbridled, unfounded, blind faith in
and defense of wobama the b for b***s***, it truly makes my heart soar to see
Mr. Milbank finally walk into the light! Indeed, David Bowie (Nicholas Roeg’s
‘Man Who Fell to Earth’), wobama is not; not that even David Bowie could have
siphoned/drained the vote as did grifter/conman/parasite obama. Yet, it cannot
be denied that nobody, no news organization, not even a government agency did
their homework in vetting this complete and utter fraud called ‘barack obama’!
} ‘…After a couple of nights at the Time Warner Cable
Arena, the convention was to have closed with President Obama’s acceptance
speech at the Bank of America Stadium, where convention officials were planning
to squeeze nearly 6,000 seats onto the field to expand the stadium’s capacity
beyond its usual 74,000. But the
speedway event was canceled — ostensibly because of logistical problems but
more likely because convention
fundraising was running low. Then the Democrats canceled
the stadium event in favor of the smaller arena — ostensibly because of
“severe thunderstorm” concerns but more likely because they couldn’t be sure
enough people would come to fill the stadium.In fact, the forecast hadn’t
called for severe weather, and conditions were fine Thursday night. The change
caused thousands
to be turned away, and the crush of crowds at the arena led authorities at
one point to lock down the building for a second straight night – leaving some
delegates on the street while lobbyists enjoyed the proceedings inside…’
CLINT SPEAKS: Obama 'greatest
hoax ever perpetrated on American people'... { I think Clint is too
kind in euphemistically referring to and characterizing wobama as merely a hoax
as opposed to the indisputable fraud, grifter, conman that obama most certainly
is! }
White House to miss deadline
for report on 'fiscal cliff' budget cuts...
O: I'M NOT DONE YET {
He’s done! }
NOONAN: 'Stale and empty...
he is out of juice'...
OBAMA HAMMERED IN FIRST REVIEWS...
FROM THE LEFT: TOMASKY:
Pedestrian and Overconfident...
FROM THE RIGHT: KRAUTHAMMER:
'One Of The Emptiest I Have Ever Heard'...
AP: Obama and the phantom
peace dividend...
'VOTE BLACK'/‘VOTE
NIGGER’ BUTTONS HIT CONVENTION HALL...
WOODWARD: White House so
stunned by 2010 GOP triumph, it didn't even have Boehner's phone number...
Drudgereport: UPDATE: Obama gives himself
an 'incomplete' grade... {
Wow! The audacity! The unmitigated gall! 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. Did wobama expect
that these things would in choom fashion magically come to fruition while he
was ‘workin on his tan’, golf swing, or shootin’ hoops on the taxpayer dime? http://albertpeia.com/wobamaschoomgangfantasy.htm
The point is that you don’t have to love Romney but you at
least have to like yourself in saying ‘NO!’ to more wobama b***s*** which is
all that he is. Have some self-respect. His grade is unequivocally ‘F’ for
failure, having failed to do as promised which coincidentally is a direct cause
among others of this debacle called america’s dark obama years. All the
talk/b***s*** cannot change that reality.
}
Poll: R 48% O 44%
RASMUSSEN: ROMNEY 47% OBAMA
44%...
GALLUP: ROMNEY 47% OBAMA
46%...
Dem Gov.: We're Not Better
Off Now...
GALLUP: Obama Job Approval
Drops to 43%...
PROTESTERS VOW BIGGER CROWDS
IN CHARLOTTE...
'Occupy' encampment re-opens
near Dem convention...
DNC security rules trigger
free speech worries...
KING: Obama presidency has
been time of deep Dem decline...
Frustrated union leader
throws empty chair...
RECORD-HIGH LABOR DAY GAS
PRICES GREET DEMS IN CHARLOTTE...
RYAN: President 'running
campaign based on envy and division'...
GOP launches 'Obama Isn't
Working' message...
SUNDAY: Dem Gov. -- We're Not
Better Off Now...
MONDAY: 'We're Clearly Better
Off'...
BIDEN: 'If It Weren't So Hot
I'd Go Into Detail'...
Debt to hit $16 trillion just
as party gavel in convention...
Dems to bus in black church
members from SC...
ID required to attend...
'GODFATHER' TO CUT DNC TRIP
SHORT...
Chicago schools brace for
strike...
Dems Drop 'God' From Party
Platform...
REUTERS PHOTO DEPICTS HARRY
IN HELLFIRE...
Endorse taxpayer-funded
abortions...
DNC Video: 'The Government Is
The Only Thing We All Belong To'...
ABCNEWSWASHPOST POLL: Obama
personal popularity fading...
Women Turning...
DEBT TOPS $16T...
$136,249 Per Household...
FOOD STAMP USE CLIMBS TO
RECORD 46.7 MILLION...
Key SOLYNDRA figure 'ran for
exit' after seeing ABCNEWS cameras on DNC floor...
UPDATE: Obama gives himself
an 'incomplete' grade...
POLL: Just 40% say he
deserves second term...
POLL: Less Than Half of Army
Officers in Afghanistan Report High Morale...
Panicking Spaniards Pull Out
Cash, Leave Country...
Depression, Suicides Rise as
Euro Debt Crisis Intensifies...
MOODY'S Changes Rating
Outlook to 'Negative'...
COPS: Mother Forces
10-Year-Old Boy To Rob House...
{ Shafique (black) and her son ran away but Lynnwood police arrested
her. They found a stolen laptop and crack cocaine. }
Gasoline To Hit Labor Day
Record Price...
University of Virginia Declines Obama Campaign
Request...
EX-NFL GREAT TO BLACKS: SAY
NO TO OBAMA...
70% of Obama's 19 million
TWITTER followers fake...
CHICAGOLAND: 13 shot in
30-minute span...
FLASHBACK: Obama -- 'Chicago
Is Example of What Makes This Country Great' { Wow! Talk about choom fantasy…
unless you’re a fan of…Al Capone! } ...
FOXNEWS POLL: Romney Pulls
Into Lead...
Republicans eye
return to gold standard...
Romney Reiterates He Would
Replace Bernanke...
Analysis: Incomes Fall More
Under Obama...
Big Loss for Those Near
Retirement...
USA $20 trillion in debt by
2016...
FABER: Odds of Global
Recession Are 100%...
Texas Judge
Preparing For 'Civil War' If Obama Re-Elected...
ROMNEY: President 'Has Tried
To Substitute Government For Free People'...
PAPER: THE LEFT HAS BEEN TOO
KIND TO OBAMA...
Postal Worker's Vacation
Halts Mail In Jersey City, NJ...
TINA FROWN! { Newsweek on wobama’s failed presidency –
Newsweek relevant! http://albertpeia.com/hittheroadborackanddontyoucomebacknomorenomorenomorenomore.htm }
GALLUP: ROMNEY 47% OBAMA 45%
ROMNEY: Time to Audit the
Fed...
GAS PRICES SET RECORD...
Poll: Not better off now than
in 2008...
SHOCK POLL: Romney beats
Obama in Chicago suburbs...
SPIKE IN ARMED ROBBERIES, SAVAGE
BEATINGS ON CAPITOL HILL...
Crime jumps 64%...
NOONAN: If Biden Were
Republican, Topic Would Be 'How Stupid Is This Person?' { Well, in
fairness, a distinction is carved out for Lobotomy Joe who really did have part
of his brain surgically removed! } FACEBOOK FALLS TO HALF OF
PUBLIC OFFERING PRICE...
No Horses, But Detroit Water Department Employs
'Horseshoer'...
BOOK: Obamacare designed to
unionize 21 million health care workers...
Increases costs of hip, knee
replacements...
O STICKING WITH LOBOTOMY JOE!
ROMNEY, RYAN PREPARE FOR
ASSAULT ON OBAMA'S SPENDING...
U.S. Foreign Debt Hits
Another Record...
Democrats' nerves start to
show...
VA BAKER SAYS NO TO BIDEN
STOP...
Secret Service buys cupcakes
as thanks...
Customers flock in...
'OBAMA CAN KISS OUR A**'...
HOW LOW WILL IT GO? FACEBOOK
STOCK PLUNGES...
Has lost half of value...
JULY DEADLIEST MONTH OF 2012
FOR TROOPS...
ARMY SUICIDES SET RECORD...
FBI: Federal court clerk sold
secret info to L.A. gangsters...
New Jersey unemployment rate
at 9.8%, highest since 1977...
REPORT: GM's European failure
will prompt second Obama bailout...
CHICAGOLAND: City Worker
Caught Stealing 500 Feet Of Copper -- Off Midway Airport Runway!
Ecuador grants WIKILEAKS
founder asylum...
40 police surround embassy...
U.S. denies pushing arrest...
Obama defends Biden on
'chains' comment...
HE DID IT AGAIN: LIVING IN
WRONG CENTURY!
REPORT: Obama has 22 days to
drop Biden from ticket...
VIDEO: Biden Refers to Ryan
as 'Governor'...
Now Social Security
Administration To Purchase 174 Thousand Rounds Of Bullets!
Hypersonic aircraft crashes
seconds into military test flight...
Thousands of Federal Retirees Get Six-Figure Pensions...
CHICAGOLAND: 50,000 line up
for Obama amnesty program...
Labor Dept. Attempts to Stop
Layoffs by Giving $100 Million to States, Subsidize Payrolls...
VIDEO: Biden Imitates Sign
Language Lady… [ I’m quite serious when I say lobotomy joe biden had part of
his brain removed… he literally had part of his brain surgically removed…his
nonsensical outbursts are symptomatic of lobotomies generally…] ...
Wonderment Whether Biden Has
'Mental Capacity' for Presidency...
VP says 'We can win North
Carolina' -- while campaigning in Virginia...
REPORT: Ill. state workers
forced to attend Pelosi, Jesse Jackson Jr. event on taxpayer dime...
Buchanan: 'Obama has steadily
diminished both himself and the office he holds'...
Campaign admits knowing story
behind flawed PAC attack ad...
UPDATE: Postal Service Posts
Big Loss as Cash Runs Low...
UPDATE: Jesse Jackson Jr.
being treated for bipolar disorder... { Mayo Clinic: Jackson has bipolar depression }
SPIRITS SPEAK TO PELOSI (
Riiiiight! And they keep telling her… ‘bankrupt america…bankrupt
america…bankrupt america’….she believes them, tries her best to comply, and
follows their advice! Meanwhile, by way
of séance, hillary getting the message…’more world strife…more world
strife…more world strife…’ and she’s complying! Not to be left out of
democratic party stratagems, wobama’s been seen sticking pins into a doll that
bears an uncanny resemblance to President Romney… If only they had a real
strategy and knew what they were doing! ) ...
Over 100M in
America on Federal Welfare...
Gingrich Warns: Obama 'direct
threat' to my grandchildren's future...
BOOK: Blago claimed $25,000
channeled to Obama...
Nearly half of long-term U.S.
immigrants are on welfare...
$5.2b in fraudulent tax
refunds to immigrants...
OBAMA (who plays his 104th round of golf as potus)
POPULARITY SOARS --
IN NIGGERTOWN DC!
Plays 104th round of golf (as
nation flounders)...
HARRY REID HELPS CHINESE
SOLAR FIRM REPRESENTED --
BY HIS SON!
PAPER: It's time to fight
back against Dirty Harry...
Wife: Rep. Jesse Jackson Jr.
getting treatment but 'still very depressed'...
Ethics
investigation continues...
BIASED MEDIA BASH: 86% of
Romney coverage NEGATIVE... { Friday
Humor: (obama last campaign) "I Am Pledging To Cut The Deficit We
Inherited By Half By The End Of My First Term In Office" ZeroHedge.com Wow!
The only explanation might be they’ve been duped by wobama along with
the rest of the nation and are too embarrassed for not doing their reasonably
expected due diligence on grifter obama and just won’t own up to the reality of
the fraud called wobama! Wobama the b for b***s*** speaks … on the prior
pre-election campaign trail ( 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’ … ) 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…’] }
Boehner: Obama has 'never
even had a real job, for God's sake'...
O BRINGS BACK TELEPROMPTER...
REPORT: Warnings ignored in
Solyndra loan...
STOCK IMPLOSION HITS CA TAX
REVENUES...
San Bernardino files for
bankruptcy...
Vacant Detroit becomes
dumping ground for the dead...
House urges Obama to fight UN
web regulation...
COPS:
Teen Stabs Man 22 Times After Online Xbox Chat Turns Sour...
REPORT:
White House scrambles to prevent defense cut pinkslips before election...
Chicago:
'The Deadliest Global City'...
POLL: ROMNEY PULLS TO 5 POINT
LEAD...
Court Finds Obama Appointees Interfered
with New Black Panther Prosecution...
UPDATE: Jesse Jackson Jr. at
Mayo Clinic for depression...
REPORT:
Obama's 'You didn't build that' gaffe won't bring back teleprompter...
Gorilla
in zoo hangs himself...
CAMPAIGN
RATTLED...
Barack
Obama Sr: 'Nothing Stopping Gov't From Taxing 100% Of Income'...
POLL:
Less than half of voters think president is Christian...
ROMNEY MOVES INTO LEAD AT GALLUP,
RASMUSSEN...
USATODAYGALLUP
POLL: Romney preferred over Obama to handle economy...
It's
Official: 5 Straight Years of $1 Trillion Deficits!
OBAMA
CAMPAIGN RUNS DEFICIT IN JUNE...
Spent
$2.6 million -- on polling?
Paid
$93k for Half-Empty Stadium Kick-Off Event...
US
poverty on track to rise to highest since 1960s...
CHICAGOLAND
COPS: Teens kill man in 'knock 'em down' game...
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...
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 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 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...
Miami
Heat Players Don Hoodies...
'Dead
or Alive' Poster Issued by New Black Panther Party... [ ‘Minority
Report’ Division of Pre-Crime, Pre-Cogs say, ‘Dead or Alive – all niggers’ …
whatever the outcome in the investigative process, the stark reality is that at
least, unlike the niggers committing many more ‘black on white’ violent
crimes, Zimmerman (and this is no
endorsement – I won’t be looking at this one incident all that closely) was at
least trying to do a good thing made necessary by the ever increasing number of
brutal crimes committed by the black thugs in neighborhoods across the nation;
then there’s somalian pirates, etc.. People domestically and internationally
are suffering from nigger-fatigue and are totally niggered out. Oh, yeah, there
are some Hollywood types who feel good about themselves having niggers around
and helping niggers to help them feel better than they really are, insecure as
they are, by being better than at least someone beyond fantasy. Loony george
clooney is one. Dreadfully boring and with that monotone, monotonous voice and
not that bright, he’s not even able to fake it on screen as an action hero
(ie., batman, what a horrific miscast) wimpy pussy in reality that he is; then
there’s the ‘black (sean) penn’ who cried like a baby while incarcerated for a
couple of days not that long ago. The atheist jolie, so fatherly troubled as
she is, has let the equally mentally troubled pitt (she so nutty she makes him
feel somewhat sane though still not too bright) and pendulum ‘backwoods bob’ be
the closest she’s gotten to her black projects. Let them live anonomously (in
disguise) with the niggers for some time for a real close look and then see what’s
left of their predisposed love for the nigger. Then there’s the italian
scallion, booby deniro; drug addled as his black wife high-tower, what a total
embarrassment to Italians everywhere; even as he tried to ingratiate himself
recently with niggers everywhere and particularly national embarrassment mammy
michele with the embarrassing pro-nigger first lady remark.. [ Send the niggers back to sub-saharan
Africa! ]
'BLACK
NIGGERS [ NOT WHITES BY NIGGERS THE IMPLICATION DESPITE FACTUAL DATA TO THE
CONTRARY ] ARE UNDER ATTACK [ SAYS
NIGGER SHAKEDOWN ARTIST JACKSON] ' [ Hold on one cotton-pickin’
minute jesse, that’s not what the facts say Obama: ‘If I had a son, he’d look like Trayvon.’ [ Yeah! He’d
look just like any other nigger. And, don’t worry about the black vote, failed
president wobama the b for b***s*** will get nearly if not all, 100% of the
nigger vote! Drudgereport: Farrakhan
Threatens 'Retaliation'… [ Retaliation? Can you imagine the number of blacks
that would have to be retaliated against based upon the hushed reality of the
prevalence of black on white crime? The blacks should be careful what they wish
for in playing that game because the facts don’t break in their favor. ] ...
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.
http://www.albertpeia.com/whitesvictimizedbyblacks.htm
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! ]
9-21-12
GALLUP FRIDAY: O 47% R 47%...
DICK MORRIS: Why The Polls
Understate Romney Vote...
Romney Releases 2011 Tax
Returns; Paid $1.9 Million on $13.7 in Income...
...donated
$4,020,772 to charity
Voluntarily paid more than
required...
Harry Reid avoids prior
claims...
'TIME TO SHOW YOURS, HARRY'
Zuckerman: Obama Campaign
'Divisive and Dishonest'...
POLL: Distrust in Media Hits
New High...
Biden on college
cheerleaders: 'The stuff they do on hard wood, it blows my (lobotomized)
mind'...
WHITE HOUSE STORY ON LIBYA
FALLS APART...
100 DAYS UNTIL LARGEST TAX HIKES IN HISTORY... http://albertpeia.com/taxmaggedon.htm
9-20-12 FIRST
SERIOUS INTERVIEW: O PRESSED ON FAILURES BY UNIVISION
Romney:
Obama's New Slogan 'No, I Can't'...
GALLUP: O 47% R
47%...
Median
Income In OH Hits 27-Year Low...
US
EMBASSY IN PAKISTAN UNDER SIEGE...
IRAN:
Hundreds chant 'Death to France,' 'Down with the U.S.'...
IRAQ: PM condemns U.S. over YOUTUBE anti-Islam film...
INDONESIA: U.S. consulate shut for second day amid protests...
AFGHANISTAN: Hundreds chant anti-American slogans...
Obama still
blames video for Libya attack?
Ramos Rips Away...
'YOU
DID NOT KEEP YOUR PROMISE'...
Shouldn't
you 'fire' Eric Holder?
Student
asks president for advice -- on how to find a job!
PAPER: 'THE
OBAMA YOU DON'T KNOW'...‘…But beyond
the spin and the polls, a starkly different picture emerges. It is a portrait
of a man quite unlike his image, not a visionary reformer but rather a classic
Chicago machine pol who thrives on rewarding himself and his friends with the
spoils of public office, and who uses his position to punish his enemies. Peter
Schweizer captures this other Obama with a bracing statistic in his book
"Throw Them All Out," published last year. In the Obama economic
stimulus program's Department of Energy loans, companies owned and run by Obama
contributors and friends, like Solyndra's George Kaiser, received $16.4
billion. Those not linked to the president got only $4.1 billion. The Energy
Department is far from the only federal program in which favoritism has heavily
influenced federal grants. To paraphrase Tammany Hall's George Washington
Plunkitt, Obama has seen his opportunities and taken them, over and over. - Mark Tapscott / Executive Editor’
Republican
senators decry 'useless, worthless' Clinton briefing...
Lewinsky
set to reveal Bill Clinton's sex secrets in tell-all book...
'Worst
nightmare'...
OBAMACARE TAX TO HIT 6 MILLION
MOSTLY MIDDLE CLASS
RASMUSSEN
SWING STATES: R 47% O 46%...
9-19-12 OBAMACARE TAX TO HIT 6 MILLION
MOSTLY MIDDLE CLASS
RASMUSSEN SWING STATES: R 47%
O 46%...
wobama doesn't remember how
much national debt is...
'I ACTUALLY BELIEVE IN
REDISTRIBUTION'...
ROMNEY: 'We believe in free
people and free enterprise, not redistribution'...
'I'll deliver recovery, not
dependency'...
Deputy takes fall in 'Fast
and Furious' probe...
NATO pullback heightens
doubts about Afghan plan...
Decision 'shatters
implausible claims of progress'...
Another day, another
disaster...
Mich SecState: 4,000
noncitizens on voter rolls...
FRANCE TO CLOSE 20 EMBASSIES
IN FEAR OF CARTOON BACKLASH
French mag runs drawing of
Mohammad naked; riot police stand guard...
Report: 4 injured
in Paris explosion at kosher store...
9-18-12 GALLUP:
O 47% R 46%...
POLL CONFIRMS
ROMNEY: OBAMA HAS 47%... { Yes…and the really tragically
sad part of that reality for america is that it’s a strategy of theirs,
making americans dependant on the government (for food, protection from bogus,
self-created/induced bogey men/terror, protection from warranted prosecution as
with the largest frauds on wall street, corzine et als, mf global etc.); and
not just the poor; viz., ie., the frauds on wall street and their
contraindicated QE entitlement along with protection from prosecution for their
huge frauds, etc… }
Tax
Compliance for Obamacare: 80 Million Hours...
O: 'I ACTUALLY BELIEVE IN
REDISTRIBUTION'
Analyst: Fed's 'QE-Infinity' Will Push
Gold Up to $2,400...
Mortgage
Lending Slides to 16-Year Low...
WSJ:
The Data Behind Romney's Comments...
REPORT:
Median Income Worse Now Than During 'Great Recession'...
'Unprecedented'
Jump in Food Stamps...
Russia
reveals vast diamond source under asteroid crater could supply world market for
3,000 years...
REPORT:
NEWSPAPER AD REVENUES COLLAPSE TO 1950 LEVELS...
NYC ranked
dirtiest, loudest, rudest city in USA...
Bailout cost counter...
REPORT:
For every $1 added to economy, $3 added to debt...
GALLUP:
67% OF DEMS SAY GOVT -- SHOULD DO MORE!
Major Partisan Divide on Appropriate Role...
9-17-12 ROMNEY
GETS REAL: OBAMA SUPPORTERS 'DEPENDENT ON GOVERNMENT'
GM
WANTS OUT OF GOVT; OBAMA SAYS NO...
Bailout cost counter...
REPORT:
For every $1 added to economy, $3 added to debt...
GALLUP:
67% OF DEMS SAY GOVT -- SHOULD DO MORE!
Major Partisan Divide on Appropriate Role...
8,786,049:
Yet Another Record for Americans Collecting Disability...
16 people working for each person collecting..
Dollar
hovers near seven-month low; Euro gains...
inflation
fears rise...
New
movie features disappointed Obama voters...
9-14-12
US credit rating downgraded
-- again...
PUMPING BLAMED...
CASH FOR BANKERS: Fed risks
political fallout...
Faber: If I Were Bernanke, I Would Resign...
{ Yeah…but you’re not ‘The Rain Man’ … he’s comfortable there … He’s not insane
according to Einstein’s definition; viz., doing the same thing over and over
and expecting a different result … He’s just … ‘The Rain Man’ (Doesn’t burnt
out bernanke remind you somewhat of Dustin Hoffman in portraying the character
of the same name/film? If only he could count like ‘The Rain Man’.) }
Gas Prices More than Double
Under Obama: $1.84 to $3.85...
Kids Question Michelle: Where
Will They Move When President Loses?
'FULL-BLOWN CRISIS'
JITS: CAMPUSES EVACUATED,
CLASSES CANCELED BY 'AL QAEDA THREAT'...
Terror scare in Kansas
City...
North Dakota State University
bomb threat...
'Unspecified' threat at
Valparaiso University...
Nuke Reactor Evacuated In
Austin...
9-13-12
ELECTION
MANIPULATION: NEW PUMPING BEGINS!!
{
This is an especially great opportunity to sell this suckers’ market/take
profits! Nothing’s been solved! Just because ‘no-recession-helicopter-ben’ says
something, does not mean it’s true (remember that ‘no recession call’ of his;
and, of course, no QE before the election, prospectively, already discounted
many times over by the ‘markets, such as they are, ie., algo buy programs, etc..
). All this and now ‘whatever’ is too
little and too late for the uss Titanic which has taken on too much, not water,
but b***s***. This was a desperate move, bespeaking desperation.The fact is
things are ominously so bad, and worse than ‘allowed’ to be seen for the
moment, that something as this QE which is economically and financially
contraindicated and a proven failure for all but the frauds on wall street
along with their cohorts including desperate politicos, is resorted to in
desperation to divert attention from their unequivocal failure. After all,
though having cost so many americans their jobs with wrong calls and policies,
bernanke is trying to save his own by inflating the markets (along with
everything else, ultimately hyperinflationary)
for fellow failure wobama’s sake (wobama rehired failure bernanke,
President Romney would have fired, and will fire him … goldman sachs knew this
dollar debasing failed policy QE 3 would come and at the expense of the
muppets…that’s their term for all you suckers). I further believe this
contraindicated largess to the frauds on wall street is to preserve his post
fedship tenure job possibilities by ingratiating himself even further with
those nefarious, self-serving interest groups. }
STOCKS ROCK...
FED TO USE $40 BILLION A
MONTH FOR BOND BUYING...
OPEN ENDED...
ROMNEY ASKED HIM NOT TO DO
IT!
REPORT: Feds work month less
per year than private sector...
OBAMA GAFFE: WH CLARIFIES
EGYPT NO 'ALLY' STATEMENT
ISRAELI ARAB OFFICIAL WARNS
OF 'ARMAGEDDON'...
HILLARY TRIES TO COOL THE
MOB...
State Dept alerts
travelers...
Protesters storm American
embassy in Yemen...
US Flags Burned at Tunisia
embassy...
New Clashes in Cairo...
Consulate in Berlin
evacuated...
Iraqi militia threatens U.S.
interests...
'The Most Serious Challenge
to Obama'...
Median income lowest since
1995...
Lower class grows...
NEW CLASHES OUTSIDE US EMBASSY IN CAIRO
9/11: AMERICANS KILLED IN
LIBYA...
ATTACK 'COORDINATED'...
CIA SAW NO THREATS...
OBAMA WENT TO SLEEP NOT
KNOWING WHAT WAS HAPPENING THERE...
**WARNING** **GRAPHIC
PHOTO**...
Romney campaign links attacks
to failed Middle East policies...
MSNBC asks: 'Who's More
Dangerous, the Supreme Leader in Tehran or Netanyahu?'
OBAMA OFF TO VEGAS...
CONVENTION BOUNCE GONE: O 46%
R 45%...
U.S. AMBASSADOR TO LIBYA, 3
OTHERS, KILLED IN ATTACK
American Ambassador
'Suffocated To Death'...
**WARNING** **GRAPHIC
PHOTO**...
9-12-12 Median income lowest since
1995...
Lower class grows...
NEW CLASHES OUTSIDE US EMBASSY IN CAIRO
9/11: AMERICANS KILLED IN
LIBYA...
ATTACK 'COORDINATED'...
CIA SAW NO THREATS...
FOR FIVE HOURS, NO ONE KNEW
WHERE AMBASSADOR WAS...
BODY NOT RECOVERED FOR 12
HOURS...
OBAMA WENT TO SLEEP NOT
KNOWING WHAT WAS HAPPENING THERE...
**WARNING** **GRAPHIC PHOTO**...
Romney campaign links attacks
to failed Middle East policies...
MSNBC asks: 'Who's More
Dangerous, the Supreme Leader in Tehran or Netanyahu?'
White House gave 'mixed
signals'...
Marines Headed to Libya to
Reinforce Security...
PAPER: How Media Turned
Obama's Foreign Policy Bungle into a Romney Gaffe...
Open mic catches reporters
coordinating questions...
OBAMA OFF TO VEGAS...
CONVENTION BOUNCE GONE: O 46%
R 45%...
U.S. AMBASSADOR TO LIBYA, 3
OTHERS, KILLED IN ATTACK
American Ambassador
'Suffocated To Death'...
**WARNING** **GRAPHIC
PHOTO**...
Romney Calls Obama Response:
'Disgraceful'...
Muslims Attack US
Embassies...
Mobs with guns and
rocket-propelled grenades...
FLASHBACK: Hillary Clinton
boast on Gaddafi: 'We came, we saw, he died'...
PROTEST: $9 gallon for gas in
NY and NJ...
Why did Obama use N-word to
describe his grandfather?
Suspected Bank Robbers Toss
Cash Out Window During Police Chase...
VIDEO... { A neighborhood nigger in response to a
reporter lauded the criminal acts of the armed niggers saying they brought cash
into the neighborhood where (other niggers) ‘people’ are hurting. Isn’t that among
the typical rationalizations that underlie every dastardly deed perpetrated by
the uncivilized niggers? The niggerized DOJ under holder/obama similarly finds
ways to rationalize not prosecuting as promised; ie., biggest frauds on wall
street, mfglobal/jon corzine, defense of and protection for black panthers,
etc.. How can people wonder why this nation’s crumbling? }
9-11-12 MOODY'S WARNS: US CREDIT
RATING COULD BE CUT...
Germany: 'Great Uncertainty'
About US Debt...
STRIKING TEACHERS BEGIN TO
TURN ON PRESIDENT...
Obama On Track To Have Worst
Job Record Since WWII...
Spies press for renewal of
broad electronic surveillance law...
MOB STORMS EMBASSY IN
CAIRO...
TEAR DOWN AMERICAN FLAG...
BLACK FLAG RAISED...
'There is no
God but Allah and Mohammad is his messenger'...
FLASH: US consulate in Libya
set on fire...
9-10-12 ROMNEY: 'Forwarned' is better
than 'forward''... {
Sampling some of the network talking head roundtables over the weekend I was
astounded how many wobamanoid apologists talked up the dismal, paltry private
jobs, many part-time or low-pay, without mention of the record insurmountable
$5 trillion increase in the deficit to create them for the purpose of
obfuscating wobama’s blatantly failed performance as potus. Such people, either
so partisan, so unschooled in the relevant disciplines, so ill-prepared for the
journalistic task entrusted to them, literally have no defendable place in the
field of real journalism and are an embarrassment to all that journalism purports
to be. }
DICK MORRIS: Obama Thugs
Rough Up GALLUP For Polls They Don't Like...
POLL: O 49% R 45%...
reuters/ipsos – the socialist/communist pollsters…they have a lot at stake…look
at their socialist europe and left-leaning city bases. Their polls can’t change
what already is!
DEMS SOFT ON WALL STREET
CRIMES...
FLASHBACK: CARTER +4 OVER
REAGAN IN SEPT 1980 [+8 IN OCT]...
FLASHBACK: DUKAKIS +17 OVER
BUSH AFTER DNC 1988...
DICK MORRIS: Advantage
Romney...
REPORT: GOV'T
MOTORS LOSES $49,000 ON EACH CHEVY VOLT...
'The Democrats' GM
Fiction'...
Pentagon buys hundreds to
'green up' military...
Gun Sales Surging...
Woodward: A president
cornered...
MAG: An Overdose of Hope...
OBAMA PIZZA MAN PLEADS: DON'T
BOYCOTT ME!
CHICAGO TEACHERS WALK OUT...
Turn Down 16% Pay Raise...
Have Highest Average Salary
In Nation...
Average $76,000 per year before benefits...
SCHOOLS OPEN -- BUT JUST TO
SERVE FREE MEALS...
400,000 STUDENTS UNLEASHED...
Cops Pour Onto Streets'...
9-7-12
8.1%
+96,000
FED SET TO PUMP
368,000 DROPPED OUT
88,921,000 'NOT IN LABOR
FORCE'
Milbank: Demigod falls to
earth... { After four years of unbridled, unfounded, blind faith in
and defense of wobama the b for b***s***, it truly makes my heart soar to see
Mr. Milbank finally walk into the light! Indeed, David Bowie (Nicholas Roeg’s
‘Man Who Fell to Earth’), wobama is not; not that even David Bowie could have
siphoned/drained the vote as did grifter/conman/parasite obama. Yet, it cannot
be denied that nobody, no news organization, not even a government agency did
their homework in vetting this complete and utter fraud called ‘barack obama’!
} ‘…After a couple of nights at the Time Warner Cable
Arena, the convention was to have closed with President Obama’s acceptance
speech at the Bank of America Stadium, where convention officials were planning
to squeeze nearly 6,000 seats onto the field to expand the stadium’s capacity
beyond its usual 74,000. But the
speedway event was canceled — ostensibly because of logistical problems but
more likely because convention
fundraising was running low. Then the Democrats canceled
the stadium event in favor of the smaller arena — ostensibly because of
“severe thunderstorm” concerns but more likely because they couldn’t be sure
enough people would come to fill the stadium.In fact, the forecast hadn’t
called for severe weather, and conditions were fine Thursday night. The change
caused thousands
to be turned away, and the crush of crowds at the arena led authorities at
one point to lock down the building for a second straight night – leaving some
delegates on the street while lobbyists enjoyed the proceedings inside…’
CLINT SPEAKS: Obama 'greatest
hoax ever perpetrated on American people'... { I think Clint is too
kind in euphemistically referring to and characterizing wobama as merely a hoax
as opposed to the indisputable fraud, grifter, conman that obama most certainly
is! }
White House to miss deadline
for report on 'fiscal cliff' budget cuts...
O: I'M NOT DONE YET {
He’s done! }
NOONAN: 'Stale and empty...
he is out of juice'...
OBAMA HAMMERED IN FIRST REVIEWS...
FROM THE LEFT: TOMASKY:
Pedestrian and Overconfident...
FROM THE RIGHT: KRAUTHAMMER:
'One Of The Emptiest I Have Ever Heard'...
AP: Obama and the phantom
peace dividend...
9-6-12 O: I'M NOT DONE YET {
He’s done! }
NOONAN: 'Stale and empty...
he is out of juice'...
OBAMA HAMMERED IN FIRST REVIEWS...
FROM THE LEFT: TOMASKY:
Pedestrian and Overconfident...
FROM THE RIGHT: KRAUTHAMMER:
'One Of The Emptiest I Have Ever Heard'...
AP: Obama and the phantom
peace dividend...
Reporters Using 'Fake Names'
to Buy Campaign Merchandise and Donate at DNC...
DNC delegates: Let's ban
corporate profits!
Greek unemployment rises to
24.4%...
Separatism threatens future
of Spain...
Hungarian Leader 'Unfriends'
IMF on His FACEBOOK Page, Rejects Tough Loan Conditions...
REPORT: San Antonio Mayor
Castro 'Doesn't Really Speak Spanish,' Had To Hire Tutor...
Lobotomy
Joe’s derivative, hypothetical endorsement from ‘One Step Beyond’: 'My dad respected Barack Obama - would've respected Barack Obama
if he'd been around'...
UPDATE: Woman Who Contracted
Flesh-Eating Bacteria From Dog Saliva Dies...
9-5-12 Drudgereport: Dems Ram 'God' and Jerusalem
Back into Platform...
VIDEO...
Delegates at convention boo,
hiss, jeer...
REPORT: Obama had seen language
prior to convention 'but did not seek to change it'...
HALL DIVIDED...
Jewish, Palestinian Leaders
Fume...
Romney: 'I think it's a very
sad day'...
9-4-12 Drudgereport: UPDATE: Obama gives himself
an 'incomplete' grade... {
Wow! The audacity! The unmitigated gall! 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. Did wobama expect
that these things would in choom fashion magically come to fruition while he
was ‘workin on his tan’, golf swing, or shootin’ hoops on the taxpayer dime? http://albertpeia.com/wobamaschoomgangfantasy.htm
The point is that you don’t have to love Romney but you at
least have to like yourself in saying ‘NO!’ to more wobama b***s*** which is
all that he is. Have some self-respect. His grade is unequivocally ‘F’ for
failure, having failed to do as promised which coincidentally is a direct cause
among others of this debacle called america’s dark obama years. All the
talk/b***s*** cannot change that reality.
}
Poll: R 48% O 44%
RASMUSSEN: ROMNEY 47% OBAMA
44%...
GALLUP: ROMNEY 47% OBAMA
46%...
Dem Gov.: We're Not Better
Off Now...
GALLUP: Obama Job Approval
Drops to 43%...
PROTESTERS VOW BIGGER CROWDS
IN CHARLOTTE...
'Occupy' encampment re-opens
near Dem convention...
DNC security rules trigger
free speech worries...
KING: Obama presidency has
been time of deep Dem decline...
Frustrated union leader
throws empty chair...
RECORD-HIGH LABOR DAY GAS
PRICES GREET DEMS IN CHARLOTTE...
RYAN: President 'running
campaign based on envy and division'...
GOP launches 'Obama Isn't
Working' message...
SUNDAY: Dem Gov. -- We're Not
Better Off Now...
MONDAY: 'We're Clearly Better
Off'...
BIDEN: 'If It Weren't So Hot
I'd Go Into Detail'...
Debt to hit $16 trillion just
as party gavel in convention...
Dems to bus in black church
members from SC...
ID required to attend...
'GODFATHER' TO CUT DNC TRIP
SHORT...
Chicago schools brace for
strike...
Dems Drop 'God' From Party
Platform...
REUTERS PHOTO DEPICTS HARRY IN
HELLFIRE...
Endorse taxpayer-funded
abortions...
DNC Video: 'The Government Is
The Only Thing We All Belong To'...
ABCNEWSWASHPOST POLL: Obama
personal popularity fading...
Women Turning...
DEBT TOPS $16T...
$136,249 Per Household...
FOOD STAMP USE CLIMBS TO
RECORD 46.7 MILLION...
Key SOLYNDRA figure 'ran for
exit' after seeing ABCNEWS cameras on DNC floor...
UPDATE: Obama gives himself
an 'incomplete' grade...
POLL: Just 40% say he
deserves second term...
POLL: Less Than Half of Army
Officers in Afghanistan Report High Morale...
Panicking Spaniards Pull Out
Cash, Leave Country...
Depression, Suicides Rise as
Euro Debt Crisis Intensifies...
MOODY'S Changes Rating
Outlook to 'Negative'...
COPS: Mother Forces
10-Year-Old Boy To Rob House...
{ Shafique (black) and her son ran away but Lynnwood police arrested
her. They found a stolen laptop and crack cocaine. }
8-31-12 CHICAGOLAND: SHOOTING BLOCK
FROM OBAMA'S HOUSE; 2ND IN WEEK
Global food prices jump 10%
in month!
Bernanke spells out feeble
state of economy...
Defends Bond Buying…{for
fraudulent wall street’s benefit only-you’re paying for it, in higher prices,
etc., there’s no free lunch}...
Oil surges...
Japan to cut state spending,
could run out of money in month...
LANCE ARMSTRONG'S PERSONAL
ASSISTANT UNLOADS... http://www.outsideonline.com/outdoor-adventure/biking/road-biking/My-Life-With-Lance-Armstrong.html { What a total scumbag atheist lance
armstrong is! He’s really bad news! What a total fraud armstrong is! }
8-30-12 President Romney Biographical
Tribute Airs at RNC...
OBAMA: I Didn't Do Good
Enough Job Selling Americans On Stimulus Plan...
Billboard features child
flipping off president...
Half of Americans die nearly
broke...
REPORT: Correspondence and
collusion between NYT and CIA...
8-29-12
SHOCK CLAIM: Obama Honors Fallen
SEALs By Sending Parents Form Letter Signed By Electric Pen...
25+ INCHES OF RAIN SLAMS
LA...
MRS. AMERICA { Indeed! Her speech was well delivered,
poignant, truthful and touching! }
CHRISTIE SPEECH: TEXT... { I had no idea Gov. Christie was a former
federal prosecutor. Maybe he could find out what happened to asst. us attorney
Jonathon Lacey, the files/documents/exhibits etc., from as well, former us
attorney alito and fed judge maryanne trump barry, former us trustee Leonard,
etc. … http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
http://albertpeia.com/fbimartinezcongallard.htm }
8-28-12 MRS. AMERICA { Indeed! Her speech was well delivered,
poignant, truthful and touching! }
CHRISTIE SPEECH: TEXT...
{ I had no idea Gov. Christie
was a former federal prosecutor. Maybe he could find out what happened to asst.
us attorney Jonathon Lacey, the files/documents/exhibits etc., from as well,
former us attorney alito and fed judge maryanne trump barry, former us trustee
Leonard, etc. … http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
http://albertpeia.com/fbimartinezcongallard.htm }
Gasoline To Hit Labor Day
Record Price...
University of Virginia Declines Obama Campaign
Request...
EX-NFL GREAT TO BLACKS: SAY
NO TO OBAMA...
70% of Obama's 19 million
TWITTER followers fake...
CHICAGOLAND: 13 shot in
30-minute span...
FLASHBACK: Obama -- 'Chicago
Is Example of What Makes This Country Great' { Wow! Talk about choom fantasy…
unless you’re a fan of…Al Capone! } ...
8-27-12 Protesters Dressed As Giant
Vaginas Greet Delegates... { Indeed…what a bunch of c**ts…just
kidding! } Video...
'Kill Mitt Romney' FACEBOOK
Page Has 27 Likes, Still Online... {The epitomy of hypocrisy and
desperation!}
FEDS: Too few
Americans 'turn to the government for assistance'...
BOX OFFICE: Anti-Obama Movie
#1... Developing...
University of Virginia Declines Obama Campaign
Request...
EX-NFL GREAT TO BLACKS: SAY
NO TO OBAMA...
70% of Obama's 19 million
TWITTER followers fake...
Godfather on Casino: 'I Want
it For Our Kids'...
CHICAGOLAND: 13 shot in
30-minute span...
FLASHBACK: Obama -- 'Chicago
Is Example of What Makes This Country Great' { Wow! Talk about choom fantasy…
unless you’re a fan of…Al Capone! } ...
8-24-12 BOX OFFICE: Anti-Obama Movie
#1... Developing...
University of Virginia Declines Obama Campaign
Request...
EX-NFL GREAT TO BLACKS: SAY
NO TO OBAMA...
70% of Obama's 19 million
TWITTER followers fake...
Romney To Hometown Crowd: 'No
One Has Asked To See My Birth Certificate'...
8-23-12 FOXNEWS POLL: Romney Pulls
Into Lead...
Republicans eye return to gold standard...
Romney Reiterates He Would
Replace Bernanke...
Analysis: Incomes Fall More
Under Obama...
Big Loss for Those Near
Retirement...
USA $20 trillion in debt by
2016...
FABER: Odds of Global Recession Are 100%...
8-22-12 GALLUP: Romney edges Obama...
Texas Judge
Preparing For 'Civil War' If Obama Re-Elected...
ROMNEY: President 'Has Tried
To Substitute Government For Free People'...
PAPER: THE LEFT HAS BEEN TOO
KIND TO OBAMA...
Feds join 'false claims' suit
against polling firm...
Postal Worker's Vacation
Halts Mail In Jersey City, NJ...
TINA FROWN! { Newsweek on wobama’s failed presidency –
Newsweek relevant! http://albertpeia.com/hittheroadborackanddontyoucomebacknomorenomorenomorenomore.htm }
GALLUP: ROMNEY 47% OBAMA 45%
8-21-12 $500,000 of stimulus cash
spent to air Obama ads during Olbermann, Maddow shows...
Romney raising cash from
traditionally Dem cities...
Switzerland objects to Obama
campaign film slur...
Americans tune out Afghan war
as fighting rages on...
TINA FROWN! { Newsweek on wobama’s failed presidency –
Newsweek relevant! http://albertpeia.com/hittheroadborackanddontyoucomebacknomorenomorenomorenomore.htm }
GALLUP: ROMNEY 47% OBAMA 45%
ROMNEY: Time to Audit the
Fed...
GAS
PRICES SET RECORD...
Poll:
Not better off now than in 2008...
8-20-12
TINA FROWN! { Newsweek on wobama’s failed presidency –
Newsweek relevant! http://albertpeia.com/hittheroadborackanddontyoucomebacknomorenomorenomorenomore.htm }
GALLUP: ROMNEY 47% OBAMA 45%
ROMNEY: Time to Audit the
Fed...
OBAMA DENIES FELONY SMEAR ON
ROMNEY...
'We don't go out of
bounds'...
FLASHBACK: 'Romney committed
a felony or lied to voters'...
8-17-12 GALLUP: ROMNEY 47% OBAMA 45%
Romney Supporter Spat On by
83-year-old Protester in Wisconsin...
RNC touts record-breaking
July fundraising...
FACEBOOK freefall continues...
Investors Losing Faith...
Zuckerberg: 'Painful'...
More California cities at
risk of bankruptcy...
Woman who rescued animals
killed in dog attack...
8-16-12 WON'T BREAK THE CHAIN:
STICKING WITH LOBOTOMY JOE!
ROMNEY, RYAN PREPARE FOR
ASSAULT ON OBAMA'S SPENDING...
U.S. Foreign Debt Hits
Another Record...
Democrats' nerves start to
show...
VA BAKER SAYS NO TO BIDEN
STOP...
Secret Service buys cupcakes
as thanks...
Customers flock in...
'OBAMA CAN KISS OUR A**'...
HOW LOW WILL IT GO? FACEBOOK
STOCK PLUNGES...
Has lost half of value...
JULY DEADLIEST MONTH OF 2012
FOR TROOPS...
ARMY SUICIDES SET RECORD...
FBI: Federal court clerk sold
secret info to L.A. gangsters...
New Jersey unemployment rate
at 9.8%, highest since 1977...
REPORT: GM's European failure
will prompt second Obama bailout...
CHICAGOLAND: City Worker
Caught Stealing 500 Feet Of Copper -- Off Midway Airport Runway!
Ecuador grants WIKILEAKS
founder asylum...
40 police surround embassy...
U.S. denies pushing arrest...
Obama defends Biden on
'chains' comment...
HE DID IT AGAIN: LIVING IN
WRONG CENTURY!
REPORT: Obama has 22 days to
drop Biden from ticket...
VIDEO: Biden Refers to Ryan
as 'Governor'...
Now Social Security Administration
To Purchase 174 Thousand Rounds Of Bullets!
Hypersonic aircraft crashes
seconds into military test flight...
Thousands of Federal Retirees Get Six-Figure Pensions...
CHICAGOLAND: 50,000 line up
for Obama amnesty program...
Labor Dept. Attempts to Stop
Layoffs by Giving $100 Million to States, Subsidize Payrolls...
VIDEO: Biden Imitates Sign
Language Lady… [ I’m quite serious when I say lobotomy joe biden had part of
his brain removed… he literally had part of his brain surgically removed…his
nonsensical outbursts are symptomatic of lobotomies generally…] ...
Wonderment Whether Biden Has
'Mental Capacity' for Presidency...
VP says 'We can win North
Carolina' -- while campaigning in Virginia...
REPORT: Ill. state workers
forced to attend Pelosi, Jesse Jackson Jr. event on taxpayer dime...
Buchanan: 'Obama has steadily
diminished both himself and the office he holds'...
Campaign admits knowing story
behind flawed PAC attack ad...
UPDATE: Postal Service Posts
Big Loss as Cash Runs Low...
UPDATE: Jesse Jackson Jr.
being treated for bipolar disorder... { Mayo Clinic: Jackson has bipolar depression
}
SPIRITS SPEAK TO PELOSI (
Riiiiight! And they keep telling her… ‘bankrupt america…bankrupt america…bankrupt
america’….she believes them, tries her best to comply, and follows their
advice! Meanwhile, by way of séance,
hillary getting the message…’more world strife…more world strife…more world
strife…’ and she’s complying! Not to be left out of democratic party
stratagems, wobama’s been seen sticking pins into a doll that bears an uncanny
resemblance to President Romney… If only they had a real strategy and knew what
they were doing! ) ...
Over 100M in
America on Federal Welfare...
8-15-12 Obama defends Biden on
'chains' comment...
HE DID IT AGAIN: LIVING IN
WRONG CENTURY!
REPORT: Obama has 22 days to
drop Biden from ticket...
VIDEO: Biden Refers to Ryan
as 'Governor'...
Now Social Security
Administration To Purchase 174 Thousand Rounds Of Bullets!
Hypersonic aircraft crashes
seconds into military test flight...
Thousands of Federal Retirees Get Six-Figure Pensions...
CHICAGOLAND: 50,000 line up
for Obama amnesty program...
Labor Dept. Attempts to Stop
Layoffs by Giving $100 Million to States, Subsidize Payrolls...
VIDEO: Biden Imitates Sign
Language Lady… [ I’m quite serious when I say lobotomy joe biden had part of
his brain removed… he literally had part of his brain surgically removed…his
nonsensical outbursts are symptomatic of lobotomies generally…] ...
Wonderment Whether Biden Has
'Mental Capacity' for Presidency...
VP says 'We can win North
Carolina' -- while campaigning in Virginia...
REPORT: Ill. state workers
forced to attend Pelosi, Jesse Jackson Jr. event on taxpayer dime...
Buchanan: 'Obama has steadily
diminished both himself and the office he holds'...
Campaign admits knowing story
behind flawed PAC attack ad...
UPDATE: Postal Service Posts
Big Loss as Cash Runs Low...
UPDATE: Jesse Jackson Jr.
being treated for bipolar disorder... { Mayo Clinic: Jackson has bipolar depression
}
SPIRITS SPEAK TO PELOSI (
Riiiiight! And they keep telling her… ‘bankrupt america…bankrupt
america…bankrupt america’….she believes them, tries her best to comply, and
follows their advice! Meanwhile, by way
of séance, hillary getting the message…’more world strife…more world
strife…more world strife…’ and she’s complying! Not to be left out of
democratic party stratagems, wobama’s been seen sticking pins into a doll that
bears an uncanny resemblance to President Romney… If only they had a real
strategy and knew what they were doing! ) ...
Over 100M in
America on Federal Welfare...
8-14-12 DER SPIEGEL: Investors
Prepare for Euro Collapse...
Summer of gloom in Rome...
Honeymoon over, outlook worse
for French president...
...vows to impose order after
rioting
Obama campaign: 'We have no
problem with those comments'...
ROMNEY camp: 'New low for
o'...
8-13-12 UPDATE: Taxpayer loss on auto
bailout revised upward to $25b...
Obama Campaign Defends
President's $700 Billion Cuts to Medicare...
HOUSE SUES HOLDER
10,000+ ROMNEYRYAN RALLY IN
WI
REPORT: Obama fundraiser in Chicago.
'Admission only $51, but room is half full'...
GOOGLE to Cut 4,000 Jobs...
NO DOUBT: Michelle O Has
'Sunday of Fun' at Stefani's House...
UPDATE: Jesse Jackson Jr.
being treated for bipolar disorder... { Mayo Clinic: Jackson has bipolar depression
}
U.S. destroyer collides with
oil tanker in Strait of Hormuz...
Greece sinks again, more cuts
to save bailout in store...
Merkel ally sends stark
warning...
8-10-12 VIDEO: Paul Ryan took apart Obama and Obamacare -- in 6
minutes!
Romney Running Mate 9AM ET
Saturday in Norfolk...
Nauticus Museum, home of USS Wisconsin...
SOURCES: Final names were Ryan, Rubio, Pawlenty,
Christie, Portman and one unnamed wild card...
ROMNEY MADE CALLS LATE LAST NIGHT TO THOSE WHO DID
NOT GET SLOT...
Obama Super PAC Ready to
Launch More 'Incendiary' Attacks...
GALLUP: O APPROVAL SLIPS TO
43%...
SPIKE LEE: 'EXPECTATIONS WERE
WAY TOO HIGH'...
REPORT: STAR OF FLAWED 'CANCER'
AD OFFERED BUYOUT...
'A cancer within the cloak of
the Presidency'...
U.S. banks told to make plans
for preventing collapse...
Niggertown DC judge robbed at
gunpoint...
NINTH CIRCUIT COURT HEADS TO
HAWAIIAN JUNKET DESPITE OUTCRY
YOGA,
SURFING, ZUMBA DANCING!
8-09-12 Buchanan: 'Obama has steadily
diminished both himself and the office he holds'...
Campaign admits knowing story
behind flawed PAC attack ad...
UPDATE: Postal Service Posts
Big Loss as Cash Runs Low...
ITALY SLAMS GERMANY IN EU FIGHT...
More Abandoned Children as
Austerity Wears On...
Greek jobless rate hits
record...
8-08-12 Over 100M in
America on Federal Welfare...
Gingrich Warns: Obama 'direct
threat' to my grandchildren's future...
BOOK: Blago claimed $25,000
channeled to Obama...
Nearly half of long-term U.S.
immigrants are on welfare...
$5.2b in fraudulent tax
refunds to immigrants...
8-07-12 Romney says Obama favors
'culture of dependency'...
OBAMA: 'I'm not the president
of black America'… { Well, meaningless distinctions notwithstanding, as of
January 21, 2013, this failed president B.0. is president of nothing! } ...
Blames State, Local Govts,
Congress for 14.1% Black Unemployment...
Voters in Detroit Turned Away
For Refusing To Fill In Citizenship Box On Ballot...
Polls open late after
official oversleeps … { just another day in niggertown detroit! } ...
Obama stops taking questions
from press...
8-06-12 Obama stops taking questions
from press...
Biden Takes Another Week Off...
OBAMA (who plays his 104th round of golf as potus)
POPULARITY SOARS --
IN NIGGERTOWN DC!
Plays 104th round of golf (as
nation flounders)...
HARRY REID HELPS CHINESE
SOLAR FIRM REPRESENTED --
BY HIS SON!
PAPER: It's time to fight
back against Dirty Harry...
Wife: Rep. Jesse Jackson Jr.
getting treatment but 'still very depressed'...
Ethics
investigation continues...
DEVIL WENT DOWN TO DC:
Charlie Daniels unloads 'dag-blamed truth' on Obama...
NEW RULES: Obama weighs executive-order
on 'Internet security'...
REPORT: IRAN TEST-FIRES
SHORT-RANGE MISSILE...
Iran airs confessions in
murder of Iranian scientists...
Goes offline to dodge
cyber-attacks...
BLOODBATH IN WISCONSIN...
Milwaukee suburb...
Video...
Cash pours in to Romney campaign;
another $100 million month...
8-03-12 POLL: Obama Job Approval
Slips to 44%; Matches 2012 Low...
8.3% {
Unemployment, plus record on disability, part-timers, underemployed, on food
stamps, etc., upwards of 15% U6 with
‘stopped looking’ fudge factored, etc.. }
Godfather refers SOLYNDRA
questions to consigliere in White House...
Colin Powell's Son As Next DC
Mayor? { Sure! What else! Niggers for niggertown! And, all sides of
all issues incompetent token black powell progeny at that! }
Clint Eastwood backs Romney:
'Country needs boost'… { Clit redeems himself … I’m impressed! } ...
{ Here’s another lift Clint: } PHELPS MAKES MORE HISTORY
WITH FLY...
Zuckerberg has lost $9
billion since IPO...
8-02-12 GM PROFITS PLUNGE 41%...
Feds keep buying more cars...
HEATWAVE
ON HILL:Romney to Reid: 'Put up or
shut up'...
Dems apologize to Adelson for
'Chinese prostitution' comments...
Mainstream Media Blacks Out
CHICK-FIL-A Story?
FAKEBOOK MILLIONS: PETS MAKE
PAGES...
8-01-12 POLL:
Romney jumps to 20-point advantage among white voters...
WAIT FOR FALL: Fed Sees Economy Slowing But Holds Off on New
Steps...
Gigantic
NYC Sinkhole Swallows Cars Whole...
OBAMA AUTHORIZES SECRET
SUPPORT FOR SYRIAN 'REBELS'...
Obama speaks with world
leader while holding baseball bat?
7-31-12
POLL:
Romney jumps to 20-point advantage among white voters...
Obama
donates cash to his own campaign...
THE
GREATEST IN HISTORY! { Congratulations to Michael
Phelps! }
CLAIM:
The Real Crash is dead ahead as 2008 is forgotten...
FACEBOOK
HIT WITH NEW SELLOFF...
7-30-12 POLL: ROMNEY
PULLS TO 5 POINT LEAD...
Court Finds
Obama Appointees Interfered with New Black Panther Prosecution...
UPDATE:
Jesse Jackson Jr. at Mayo Clinic for depression...
D.C. pays
students $5.25 an hour -- to attend summer school!
Corn prices
hit record as crops shrivel...
UPDATE:
SEATS STILL GO EMPTY IN LONDON...
PM Cameron:
'We can do better'...
Parents of
athletes turned away in mixup...
Games turn
London into 'ghost town'...
7-27-12 POLL: ROMNEY
PULLS TO 5 POINT LEAD...
Same 5-point
lead that Obama had at this point in '08...
SLUMDOG
OLYMPICS...
Dancing
nurses, bouncing sick children, huge hospital beds...
Opening
Ceremony reflects 'deeply left-leaning sensibilities' of producer Boyle...
7-26-12 REPORT: MF
GLOBAL was client of AG Holder's law firm...
Justice Dept
employees accused of nepotism, ethical lapses...
ZUCKED:
FACEBOOK Ad Growth Slows; Shares Skid to Fresh Low...
PLUNGE ANOTHER 11% IN AFTER HOURS...
7-25-12 ROMNEY MOVES INTO LEAD AT GALLUP,
RASMUSSEN...
WARNS 'WE'RE
GOING TO END UP LIKE EUROPE'...
Greece to run
out of money by August 20...
Cash-Strapped French Socialists Face
Austerity...
UK in longest
double-dip recession in 50 years...
Obama
campaign stepping up damage-control over 'you didn't build that' remark...
CITI Creator
Says Banks Should Be Broken Up...
Feds:
Drought to Drive Up Food Prices...
Up 3.7% last
year...
DEMS
REGISTER THE DEAD?
Drug money
funds voter fraud in Kentucky...
REPORT:
State systems for overseas voters vulnerable to hacking...
Mayhem in
Anaheim as protesters clash with police...
Mobs smash
windows, set fires...
Escalation...
UPDATE: FBI
moves in...
Angry crowd
confronts police after shooting in Dallas...
Ron Paul
bill to audit The Fed overwhelmingly approved by House...
...seen
dying in Senate
7-24-12 'JOKER'
ON $26K FEDERAL GRANT { There you go…a future government slug cut
down in his prime…probably would have worked bio-chemical weapons… }
USATODAYGALLUP
POLL: Romney preferred over Obama to handle economy...
DICK MORRIS:
'NASTY' OBAMA IN FAVORABILITY DIVE...
Campaigns
ease back into fighting mode...
Obama
Reminds Supporters: 'I’m Term-Limited After This'...
FOR SALE: Obama films campaign commercial inside West
Wing...
ABCNEWS
taking steps to stop reporting inaccuracies... { Sounds like a plan!
}
PAIN IN
SPAIN BRINGS MORE DRAIN...
MOODY'S Cuts Outlook on Germany, Two
Others...
Cash-strapped
Argentine town pays employees by raffle...
10 Italian
cities at risk of bankruptcy...
7-23-12 USATODAYGALLUP
POLL: Romney preferred over Obama to handle economy...
It's
Official: 5 Straight Years of $1 Trillion Deficits!
OBAMA
CAMPAIGN RUNS DEFICIT IN JUNE...
Spent $2.6
million -- on polling?
Paid $93k
for Half-Empty Stadium Kick-Off Event...
US poverty
on track to rise to highest since 1960s...
CHICAGOLAND
COPS: Teens kill man in 'knock 'em down' game...
Workers on
Disability Set Another Record in July...
Greek PM:
Country is in 'Great Depression'..
'Eyes
rolling, head swaying'...
'Listless'…[
Zombie ]...
Mother
disputes ABCNEWS report...
Network
stands by it...
Largest mass
shooting in U.S. history...
San Fran
Considers Strict Outdoor Smoking Ban -- Except For Medical Marijuana...
7-20-12 'JOKER'
KILLS 12
SMIRK OF THE
BATMAN PSYCHO...
WHY
DID HE DO IT?
Ph.D.
student in neuroscience...
'Really
smart'...
Struggled to
find work...
Collecting
unemployment...
'No one knew
him; No one'...
Left loud
music playing in his apartment...
Had
'swagger'...
TMZ: Cops
Investigating Sex Site Profile...
Told Cops He
'Was the Joker'...
Photos: Gas
mask and assault rifle left at cinema...
LIVE UPDATES...
Director
Nolan condemns as 'savage' and 'appalling'...
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'...
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 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
(mid-hundreds) 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 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'...
San Bernardino -- Third California City to Go Bankrupt..
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! }
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...
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.htm
Postal
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 america. The reality is that
there are so many americans that are not in jail who
should be in
jail, it’s difficult to avoid these harsh third world
measures in what
has essentially become a third world nation overrun by
the most sordid, despicable criminals one can imagine.
They must really prosecute the biggest criminals including the oligarchs as,
ie., the huge frauds on wall street, etc., and ‘bury’ the violent repeat
offenders, etc., without exception. The problem with america is not the
terrorist threat from without, but rather the plethora of inherently criminal
americans within. Moreover, the corruption is pervasive and systemic.
Unfortunately, crime pays in america and pays well; and, God help you if you
try to live within the law and get in their way or potentially cost them money
or some of their illegal business because no one else will. There’s criminal
control at all levels of american society. That’s the problem; with the
relatively few non-criminally inclined, criminal by complicity inasmuch as
americans are for the most part gutless cowards who go along to get along along
with a million other excuses, not the least of which is ‘the price was right’.
That’s reality! That said, it’s the ‘for or agin’ me primitive mentality that
pervades the u.s. government, ‘thought police’, arbitrary powers of detainment,
abrogation of first admendment rights, internet intrusion/censorship, arbitrary
enforcement of the law, etc., that is and I find particularly appalling,
counter-productive, and regressive. There is an element of projection, given some of the evil
things the government has done abroad; blowback being not entirely out of the
realm of possibility which ultimately is the sad consequence of the worst of
human nature which is invariably inclined to go too far in the worst way. The
sad fact is that as with any banana republic, the governmental powers that be
go to whatever nefarious lengths necessary (control by whatever means, at some
level) to unreasonably maintain their access to undeserved power, money,
resources, luxuries, etc., invariably
to the detriment of the vast majority as is so here in america today. There are
very few positive things that can be said of america today. I, for one, cannot
think of any at all!
[ ‘america, love it or leave it’? Love it?
Truth be told, I don’t even like america!
See, ie., http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm
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. ] '
·
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...
Miami Heat
Players Don Hoodies...
'Dead or Alive'
Poster Issued by New Black Panther Party... [ ‘Minority Report’
Division of Pre-Crime, Pre-Cogs say, ‘Dead or Alive – all niggers’ … whatever
the outcome in the investigative process, the stark reality is that at least,
unlike the niggers committing many more ‘black on white’ violent crimes, Zimmerman (and this is no endorsement – I
won’t be looking at this one incident all that closely) was at least trying to
do a good thing made necessary by the ever increasing number of brutal crimes
committed by the black thugs in neighborhoods across the nation; then there’s
somalian pirates, etc.. People domestically and internationally are suffering
from nigger-fatigue and are totally niggered out. Oh, yeah, there are some
Hollywood types who feel good about themselves having niggers around and
helping niggers to help them feel better than they really are, insecure as they
are, by being better than at least someone beyond fantasy. Loony george clooney
is one. Dreadfully boring and with that monotone, monotonous voice and not that
bright, he’s not even able to fake it on screen as an action hero (ie., batman,
what a horrific miscast) wimpy pussy in reality that he is; then there’s the
‘black (sean) penn’ who cried like a baby while incarcerated for a couple of days
not that long ago. The atheist jolie, so fatherly troubled as she is, has let
the equally mentally troubled pitt (she so nutty she makes him feel somewhat
sane though still not too bright) and pendulum ‘backwoods bob’ be the closest
she’s gotten to her black projects. Let them live anonomously (in disguise)
with the niggers for some time for a real close look and then see what’s left
of their predisposed love for the nigger. Then there’s the italian scallion,
booby deniro; drug addled as his black wife high-tower, what a total
embarrassment to Italians everywhere; even as he tried to ingratiate himself
recently with niggers everywhere and particularly national embarrassment mammy
michele with the embarrassing pro-nigger first lady remark.. [ Send the niggers back to sub-saharan
Africa! ]
'BLACK
NIGGERS [ NOT WHITES BY NIGGERS THE IMPLICATION DESPITE FACTUAL DATA TO THE
CONTRARY ] ARE UNDER ATTACK [ SAYS
NIGGER SHAKEDOWN ARTIST JACKSON] ' [ Hold on one cotton-pickin’
minute jesse, that’s not what the facts say Obama: ‘If I had a son, he’d look like Trayvon.’ [ Yeah! He’d
look just like any other nigger. And, don’t worry about the black vote, failed
president wobama the b for b***s*** will get nearly if not all, 100% of the
nigger vote! Drudgereport: Farrakhan
Threatens 'Retaliation'… [ Retaliation? Can you imagine the number of blacks
that would have to be retaliated against based upon the hushed reality of the
prevalence of black on white crime? The blacks should be careful what they wish
for in playing that game because the facts don’t break in their favor. ] ...
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.
http://www.albertpeia.com/whitesvictimizedbyblacks.htm
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! ]
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. ] '
·
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...
Miami Heat
Players Don Hoodies...
'Dead or Alive'
Poster Issued by New Black Panther Party... [ ‘Minority Report’
Division of Pre-Crime, Pre-Cogs say, ‘Dead or Alive – all niggers’ … whatever
the outcome in the investigative process, the stark reality is that at least,
unlike the niggers committing many more ‘black on white’ violent crimes, Zimmerman (and this is no endorsement – I
won’t be looking at this one incident all that closely) was at least trying to
do a good thing made necessary by the ever increasing number of brutal crimes
committed by the black thugs in neighborhoods across the nation; then there’s
somalian pirates, etc.. People domestically and internationally are suffering
from nigger-fatigue and are totally niggered out. Oh, yeah, there are some
Hollywood types who feel good about themselves having niggers around and
helping niggers to help them feel better than they really are, insecure as they
are, by being better than at least someone beyond fantasy. Loony george clooney
is one. Dreadfully boring and with that monotone, monotonous voice and not that
bright, he’s not even able to fake it on screen as an action hero (ie., batman,
what a horrific miscast) wimpy pussy in reality that he is; then there’s the
‘black (sean) penn’ who cried like a baby while incarcerated for a couple of days
not that long ago. The atheist jolie, so fatherly troubled as she is, has let
the equally mentally troubled pitt (she so nutty she makes him feel somewhat
sane though still not too bright) and pendulum ‘backwoods bob’ be the closest
she’s gotten to her black projects. Let them live anonomously (in disguise)
with the niggers for some time for a real close look and then see what’s left
of their predisposed love for the nigger. Then there’s the italian scallion,
booby deniro; drug addled as his black wife high-tower, what a total
embarrassment to Italians everywhere; even as he tried to ingratiate himself
recently with niggers everywhere and particularly national embarrassment mammy
michele with the embarrassing pro-nigger first lady remark.. [ Send the niggers back to sub-saharan
Africa! ]
'BLACK
NIGGERS [ NOT WHITES BY NIGGERS THE IMPLICATION DESPITE FACTUAL DATA TO THE
CONTRARY ] ARE UNDER ATTACK [ SAYS
NIGGER SHAKEDOWN ARTIST JACKSON] ' [ Hold on one cotton-pickin’
minute jesse, that’s not what the facts say Obama: ‘If I had a son, he’d look like Trayvon.’ [ Yeah! He’d
look just like any other nigger. And, don’t worry about the black vote, failed
president wobama the b for b***s*** will get nearly if not all, 100% of the
nigger vote! Drudgereport: Farrakhan
Threatens 'Retaliation'… [ Retaliation? Can you imagine the number of blacks
that would have to be retaliated against based upon the hushed reality of the
prevalence of black on white crime? The blacks should be careful what they wish
for in playing that game because the facts don’t break in their favor. ] ...
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.
http://www.albertpeia.com/whitesvictimizedbyblacks.htm
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! ]
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 £10 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. ] '
·
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
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. ] '
·
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 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...
Miami Heat
Players Don Hoodies...
'Dead or
Alive' Poster Issued by New Black Panther Party... [ ‘Minority
Report’ Division of Pre-Crime, Pre-Cogs say, ‘Dead or Alive – all niggers’ …
whatever the outcome in the investigative process, the stark reality is that at
least, unlike the niggers committing many more ‘black on white’ violent
crimes, Zimmerman (and this is no
endorsement – I won’t be looking at this one incident all that closely) was at
least trying to do a good thing made necessary by the ever increasing number of
brutal crimes committed by the black thugs in neighborhoods across the nation;
then there’s somalian pirates, etc.. People domestically and internationally
are suffering from nigger-fatigue and are totally niggered out. Oh, yeah, there
are some Hollywood types who feel good about themselves having niggers around
and helping niggers to help them feel better than they really are, insecure as
they are, by being better than at least someone beyond fantasy. Loony george
clooney is one. Dreadfully boring and with that monotone, monotonous voice and
not that bright, he’s not even able to fake it on screen as an action hero
(ie., batman, what a horrific miscast) wimpy pussy in reality that he is; then
there’s the ‘black (sean) penn’ who cried like a baby while incarcerated for a
couple of days not that long ago. The atheist jolie, so fatherly troubled as
she is, has let the equally mentally troubled pitt (she so nutty she makes him
feel somewhat sane though still not too bright) and pendulum ‘backwoods bob’ be
the closest she’s gotten to her black projects. Let them live anonomously (in
disguise) with the niggers for some time for a real close look and then see
what’s left of their predisposed love for the nigger. Then there’s the italian
scallion, booby deniro; drug addled as his black wife high-tower, what a total
embarrassment to Italians everywhere; even as he tried to ingratiate himself
recently with niggers everywhere and particularly national embarrassment mammy
michele with the embarrassing pro-nigger first lady remark.. [ Send the niggers back to sub-saharan
Africa! ]
'BLACK
NIGGERS [ NOT WHITES BY NIGGERS THE IMPLICATION DESPITE FACTUAL DATA TO THE
CONTRARY ] ARE UNDER ATTACK [ SAYS
NIGGER SHAKEDOWN ARTIST JACKSON] ' [ Hold on one cotton-pickin’
minute jesse, that’s not what the facts say Obama: ‘If I had a son, he’d look like Trayvon.’ [ Yeah! He’d
look just like any other nigger. And, don’t worry about the black vote, failed
president wobama the b for b***s*** will get nearly if not all, 100% of the
nigger vote! Drudgereport: Farrakhan
Threatens 'Retaliation'… [ Retaliation? Can you imagine the number of blacks
that would have to be retaliated against based upon the hushed reality of the
prevalence of black on white crime? The blacks should be careful what they wish
for in playing that game because the facts don’t break in their favor. ] ...
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.
http://www.albertpeia.com/whitesvictimizedbyblacks.htm
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! ]
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. ] '
·
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 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...
Miami Heat
Players Don Hoodies...
'Dead or
Alive' Poster Issued by New Black Panther Party... [ ‘Minority
Report’ Division of Pre-Crime, Pre-Cogs say, ‘Dead or Alive – all niggers’ …
whatever the outcome in the investigative process, the stark reality is that at
least, unlike the niggers committing many more ‘black on white’ violent crimes,
Zimmerman (and this is no endorsement –
I won’t be looking at this one incident all that closely) was at least trying
to do a good thing made necessary by the ever increasing number of brutal
crimes committed by the black thugs in neighborhoods across the nation; then
there’s somalian pirates, etc.. People domestically and internationally are
suffering from nigger-fatigue and are totally niggered out. Oh, yeah, there are
some Hollywood types who feel good about themselves having niggers around and
helping niggers to help them feel better than they really are, insecure as they
are, by being better than at least someone beyond fantasy. Loony george clooney
is one. Dreadfully boring and with that monotone, monotonous voice and not that
bright, he’s not even able to fake it on screen as an action hero (ie., batman,
what a horrific miscast) wimpy pussy in reality that he is; then there’s the
‘black (sean) penn’ who cried like a baby while incarcerated for a couple of
days not that long ago. The atheist jolie, so fatherly troubled as she is, has
let the equally mentally troubled pitt (she so nutty she makes him feel
somewhat sane though still not too bright) and pendulum ‘backwoods bob’ be the
closest she’s gotten to her black projects. Let them live anonomously (in
disguise) with the niggers for some time for a real close look and then see
what’s left of their predisposed love for the nigger. Then there’s the italian
scallion, booby deniro; drug addled as his black wife high-tower, what a total
embarrassment to Italians everywhere; even as he tried to ingratiate himself
recently with niggers everywhere and particularly national embarrassment mammy
michele with the embarrassing pro-nigger first lady remark.. [ Send the niggers back to sub-saharan
Africa! ]
'BLACK
NIGGERS [ NOT WHITES BY NIGGERS THE IMPLICATION DESPITE FACTUAL DATA TO THE
CONTRARY ] ARE UNDER ATTACK [ SAYS
NIGGER SHAKEDOWN ARTIST JACKSON] ' [ Hold on one cotton-pickin’
minute jesse, that’s not what the facts say Obama: ‘If I had a son, he’d look like Trayvon.’ [ Yeah! He’d
look just like any other nigger. And, don’t worry about the black vote, failed
president wobama the b for b***s*** will get nearly if not all, 100% of the
nigger vote! Drudgereport: Farrakhan
Threatens 'Retaliation'… [ Retaliation? Can you imagine the number of blacks
that would have to be retaliated against based upon the hushed reality of the
prevalence of black on white crime? The blacks should be careful what they wish
for in playing that game because the facts don’t break in their favor. ] ...
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.
http://www.albertpeia.com/whitesvictimizedbyblacks.htm
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! ]
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
·
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.
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
Former
NAACP leader accuses Sharpton, Jackson of 'exploiting' Trayvon Martin...
'His
family should be outraged'...
Mother seeks
to trademark dead son's name …[ For what? Trayvon hoodies? ]...
Many wear
hoodies as churches remember Trayvon...
STUDY: Earth
heated up in medieval times -- before human CO2 emissions...
3-23-12 Obama gets
personal over killing of black Florida teenager...
Urges
'soul-searching'...
More Miami
schools stage mass walk-outs...
Gingrich
calls Obama's Trayvon comments 'disgraceful'...
Cops: Man
threatened to kill police chief at center of case...
Jeb Bush: 'Stand
your ground' invalid here...
Miami Heat
Players Don Hoodies...
'Dead or
Alive' Poster Issued by New Black Panther Party... [ ‘Minority
Report’ Division of Pre-Crime, Pre-Cogs say, ‘Dead or Alive – all niggers’ …
whatever the outcome in the investigative process, the stark reality is that at
least, unlike the niggers committing many more ‘black on white’ violent
crimes, Zimmerman (and this is no
endorsement – I won’t be looking at this one incident all that closely) was at
least trying to do a good thing made necessary by the ever increasing number of
brutal crimes committed by the black thugs in neighborhoods across the nation;
then there’s somalian pirates, etc.. People domestically and internationally
are suffering from nigger-fatigue and are totally niggered out. Oh, yeah, there
are some Hollywood types who feel good about themselves having niggers around
and helping niggers to help them feel better than they really are, insecure as
they are, by being better than at least someone beyond fantasy. Loony george clooney
is one. Dreadfully boring and with that monotone, monotonous voice and not that
bright, he’s not even able to fake it on screen as an action hero (ie., batman,
what a horrific miscast) wimpy pussy in reality that he is; then there’s the
‘black (sean) penn’ who cried like a baby while incarcerated for a couple of
days not that long ago. The atheist jolie, so fatherly troubled as she is, has
let the equally mentally troubled pitt (she so nutty she makes him feel
somewhat sane though still not too bright) and pendulum ‘backwoods bob’ be the
closest she’s gotten to her black projects. Let them live anonomously (in
disguise) with the niggers for some time for a real close look and then see
what’s left of their predisposed love for the nigger. Then there’s the italian
scallion, booby deniro; drug addled as his black wife high-tower, what a total
embarrassment to Italians everywhere; even as he tried to ingratiate himself
recently with niggers everywhere and particularly national embarrassment mammy
michele with the embarrassing pro-nigger first lady remark.. [ Send the niggers back to sub-saharan
Africa! ]
'BLACK
NIGGERS [ NOT WHITES BY NIGGERS THE IMPLICATION DESPITE FACTUAL DATA TO THE
CONTRARY ] ARE UNDER ATTACK [ SAYS
NIGGER SHAKEDOWN ARTIST JACKSON] ' [ Hold on one cotton-pickin’
minute jesse, that’s not what the facts say Obama: ‘If I had a son, he’d look like Trayvon.’ [ Yeah! He’d
look just like any other nigger. And, don’t worry about the black vote, failed
president wobama the b for b***s*** will get nearly if not all, 100% of the
nigger vote! Drudgereport: Farrakhan
Threatens 'Retaliation'… [ Retaliation? Can you imagine the number of blacks
that would have to be retaliated against based upon the hushed reality of the
prevalence of black on white crime? The blacks should be careful what they wish
for in playing that game because the facts don’t break in their favor. ] ...
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.
http://www.albertpeia.com/whitesvictimizedbyblacks.htm
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! ]
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-à-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-à-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-à-vis the space station, but not inordinately so. All I can say
with certainty is that the universe beyond this solar system is forever
protected / insulated. The fact is, they never set foot on the moon; and, in
light of the pervasive corruption in and defacto bankruptcy of the nation,
their perpetual wars toward making a hell on earth militate against anything
but trying to do even just a little bit better (for a start),
terrestrially. NASA wants
mission to bring Martian rocks to Earth (AP) Why? They already have
that and more: Launch
of secret US space ship masks even more secret launch of new weapon The
Militarization of Outer Space: The Pentagon’s “Space Warriors” Global
Research | It’s not as if things aren’t bad enough right here on
planet earth. Now the Defense Department wants to up the stakes with new,
destabilizing weapons systems that will transform low- and high-earth orbit
into another “battlespace.” 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. (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
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 Saunders who recruited me to
NYU (Roger and his brother Richard, a former 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 (clinton has been said even by blacks to have been the first ‘black
president’), but he most assuredly is the last black president, fitting every
negative stereotype imaginable including racist hypocrisy. 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. 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
'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. (Washington Post) [ ‘How sweet she is’ … that ‘sweet liz’ …
that is … Diana
film causes stir at Cannes
“Unlawful Killing” has a combination of celebrity, controversy and canny
hype-mongering. (Washington Post) [
Let’s not kid ourselves … and, Dodi Fayed’s father was no dope and knew the
score. Indeed, it’s not coincidental that William’s the over-riding favorite of
granny Liz II; after all, Harry’s the bastard son of Hewitt (don’t buy into
their DNA proffer which they did buy – you know, that ‘bloodline thing’).
Moreover, it was reported that Diana had another ‘potential challenger in the
oven’ at the time of her death and we all know how dicey such english affairs
of state can be (ie., Henry VIII, Richard III, etc.). Then there’s the contempt
of Diana for having brought the son of her bosom, Chas, down. Do I think she
said flat out ‘kill Diana’. No … more of a ‘do what’s necessary’ to mi6 et als.
Ultimately, William will require some substantial therapy to sort out this
looming conflict. After all, Diana was his mother. Drudgereport: British
woman decapitated in grocery store; killer flees with head... Cannes:
Diana doc slams UK royals as 'gangsters'... ]
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
Compendium of
Important Business / National / World News / Topics / Articles / Headlines
http://albertpeia.com/articlelinkspage3.htm
http://albertpeia.com/archives.htm