10-21-11 POSTS



 

 

Europes currency in peril as leaders grapple As finance ministers began deliberations in Brussels on Friday, hopes for ambitious action to restore the continents financial markets seemed to be fading. The deepening travail has revealed that what was once thought normal is no longer realistic amid a debt crisis that has placed the common euro at risk.Greek rescue may cost banks even more , Euro leaders engaged in tough six-day marathon , U.S. stocks rise on hopes for a deal in Europe (Washington Post) [ ‘Much ado about nothing’! Really! Oh, yeah, the frauds on wall street and tragically similarly, in lock step, fraudulent markets worldwide would like everyone to think this is some panacea for this literally unsolvable crisis. Entire nations are becoming testament to ‘the greater fool theory’ of governance. But, the reality is that the market frauds worldwide are once again looking for (ultimately taxpayer) funds for the commissioned churn-and-earn at lightning computerized speed and to facilitate their cash-out from financially/economically indefensible and hence fraudulent positions as in the last (continuing) crisis. This ultimately exacerbates the crisis while solving absolutely nothing; somewhat placating the insatiable greed of the very sordid bunch responsible, criminally and otherwise, for this precariously grim scenario. EU Trying to Borrow Its Way Out of Debt  ETFguide.com [ Yeah you really dont have to be a financial genius to sense the folly in such a scenario / stratagem. Whats really going on with these hopium HFT commissioned computer programmed algo rallies is fraudulent wall streets 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. Dont 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.  ]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  , This is an especially great opportunity to sell / take profits because theres much worse to come! Watch for more fake reports / data in their infinite political desperation both here and across the sea!    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., QEs, 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). ] , Daves 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 secondgot 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. , 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 regions 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, Octobers 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…’ ,  Four Facts that PROVE the EFSF Doesnt Matter At All  Phoenix Capital 10/20/2011Four Facts that PROVE the EFSF Doesnt 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) were facing a full-scale Global financial meltdown (the IMF has even warned of this)…’ ,  The Coming Derivatives Crisis That Could Destroy The Entire Global Financial System The Economic Collapse , The REAL $200 TRILLION Problem Bernankes 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   ,    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 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?   Americas debt woe is worse than Greeces News (CNN) Our government is utterly broke. There are signs everywhere one looksThe governments total indebtedness is $211 trillion  ,       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 Feds dual employment and price mandate, the economists wrote.[source] PG View: [Talk about self-serving disingenuity that along with their frauds, goldmans 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 HFTs. (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, its 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 weeks 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 Ive 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 theres 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 , Daves Daily http://www.etfdigest.com/davesdaily  The only thing wrong with the image above is that its from March 2010, or on one of many previous plans agreed upon. But, markets dont 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. Lets face it; this is the time of year bulls can make their year with good fees and bonuses on the line…’ ,     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 worlds 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 weve 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 Washingtons 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 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 havent the slightest idea what theyre doing; certainly in the areas of finance and economics. Indeed, theyve 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 theyve 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 Washingtons Blog | Economists Agree: Were 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.lautenbergs jersey based ADP helps the desperate dems 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 well 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 dont 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 theyre programmed to do. They dont look under the hood for details since given their momentary focus, facts dont 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; Daves 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 nations weak labor market was a national crisis - Duh! No-recession-wall-street-lovin-helicopter bens 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 QEs, 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 Wont 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   Daves 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  ,   Americas debt woe is worse than Greeces 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. Were broke for a reason. Weve 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 todays and tomorrows 100 million-plus retirees. The governments 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 Yorks 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 Feds 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: Its 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  ( 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 swapFor reasons which Im 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.) / manipulated programmed hft (high frequency trades see, ie.,  What to Expect Next From the Markets , Daves 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 thats 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, lets get real here! Theres plenty to mock in this world, and Greece is hardly the nation to be doing the mocking. I think its the markets that are mocking the rest of the worlds 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, theyve gotten no more than the equivalent of that 1 dollar per unit. (If youve been to the grocery store lately, particularly the last 1-2 months, Ive 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 doesnt 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 feds QEs and dollar debasement / over-printing / creating and also why its 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, its 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 whove literally oftimes done exactly that; cashing out for hard currency and gold, precious metals, at everyone elses expense including main street. Theyre just not that important and represent, like termites eating away at the nations 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! },  Daves 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'…’    

 

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All U.S. troops to leave Iraq by year end Obama announcement follows failure to reach an accord with the Iraqi government on the status of troops that could have stayed beyond Dec.31. (Washington Post) [ There is no way to posit this as anything but a good thing based upon previous representations of departure by this nation concerning a needlessly costly, destructive (and self-destructive / self-defeating), murderous war based upon lies among other evil, misguided  motives (including those of that military-industrial-complex so warned against by the great but substantially underrated President General Eisenhower). That said, political desperation on the part of wobama had a lot to do with the decision. Drudgereport: GALLUP: OBAMA APPROVAL SKIDS TO NEW LOW... ,  Robinson: The GOPs foreign policy gap (Washington Post) [Mr. Robinsons got to be kidding! Wobamas foreign policy is the GOP foreign policy despite campaign promises upon which he was elected to the contrary. Indeed, despite wobamas pre-election rhetoric, wobama the b (for b***s***) hasnt seen a war nor conflict he didnt like, despite the nations defacto bankruptcy. Americas debt woe is worse than Greeces News (CNN) Our government is utterly broke. There are signs everywhere one looksThe governments total indebtedness is $211 trillion  ,  ] Krauthammer: Obamas scapegoat strategy (Washington Post) [ Well, I dont know Manichaean; a bit too deeply philosophical for my mind. But I do know b***s*** when I hear it, see it; and, with wobama the b (for b***s***), b***s*** is the one thing thats in no short supply; indeed, those shovel ready jobs he campaigned on were from the looks of all reality, solely for the purpose of shoveling wobamas neverending b***s***. 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 months2-1/2 years. He spent the first year obsessed with passing Obamacare, a program that doesnt create jobs, but might destroy a lot of them.  He bailed out GM, but many believe that his interference didnt 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…’  U.S. first unsure of Irans role in plot Officials acknowledge the case bore few of the hallmarks of a unit that has trained and equipped militants around the world. (Washington Post) [ Bore? Yes bore, as in this story a total bore, created by the boars who bore responsiblility for the last nation-bankrupting, nation- destroying war Will U.S. Exploit Dubious Terror Case and Attack Iran? Kurt Nimmo | Another case of a clueless patsy entrapped by the U.S. government. 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! Thats as likely as wmds 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, theyd 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 ] }
Drudgereport:
WAR DRUMS: IRAN CALLS 'TERROR PLOT' LIE
Saudis say Iran must 'pay the price'...

Hillary: 'Dangerous escalation'...
Iran accused in a plot to kill Saudi envoy U.S. allegations elements of the Iranian government plotted to assassinate the Saudi ambassador to Washington aggravated tense relationship between the United States and the Islamic Republic. (Washington Post) [ Drudgereport: 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! Thats as likely as wmds 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, theyd 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 ]  Then, of course, theres the ongoing contrived attempt to split the Arab / Islamic world; and no, these uprisings, including those against Syria, are no coincidence; and, theres the contrived maintain budgets factor for theirs (ie., cia, israel, etc.) and the military industrial complex sake. Id say they have an inferiority complex; along with a panoply of other serious psychological disorders as elsewhere mentioned on my website.}
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

 

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'...      

 

Samuelson: A future of broken promises (Washington Post) [Far worse than just broken promises ahead. A total collapse and all that is entailed therewith is in the offing. http://www.economist.com/content/global_debt_clock   Americas debt woe is worse than Greeces News (CNN) Our government is utterly broke. There are signs everywhere one looksThe governments total indebtedness is $211 trillion  ,         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  , This is an especially great opportunity to sell / take profits because theres much worse to come! Watch for more fake reports / data in their infinite political desperation both here and across the sea! 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 Student Loan Bubble To Exceed $1 Trillion: "It's Going To Create A Generation Of Wage Slavery" And Another Taxpayer Bailout Durden ,  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.. , Four Facts that PROVE the EFSF Doesnt Matter At All  Phoenix Capital 10/20/2011Four Facts that PROVE the EFSF Doesnt 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) were facing a full-scale Global financial meltdown (the IMF has even warned of this)…’ ,  The Coming Derivatives Crisis That Could Destroy The Entire Global Financial System The Economic Collapse , The REAL $200 TRILLION Problem Bernankes 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   , 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…’

 

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Russia bans dozens of U.S. officials (Washington Post) [ Yeah! The irony is too great for words. The subject event brings to mind the plight of James McDougal who ‘had the goods’ on clinton and who died, when denied, his heart medication while held (awaiting giving testimony implicating clinton) in a texas jail (then forcibly injected with lasix?). 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. The adages / platitudes / cliches are also in no short supply; viz., ‘he who lives in a glass house shouldn’t throw stones’, ‘let him who is without sin cast the first stone’, etc.. Gorbachev Calls For American Perestroika Paul Joseph Watson | Former Soviet leader says protest movement highlights need for perestroika in pervasively corrupt, defacto bankrupt America. {Yes! There is no question that america is the global psychopathic ‘problem child’.}  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

STEVE JOBS DEAD
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...
GALLUP: OBAMA APPROVAL SKIDS TO NEW LOW...

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! Thats as likely as wmds 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, theyd 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 ] }

 

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http://albertpeia.com/fbimartinezcongallard.htm  

 

 

Ohio farm owner had traded guns for animals (Washington Post) [ There is no excuse for the mishandling of this tragedy. Ohio, as the quintessential rust-belt state has proven to all that death becomes it. A moribund, dead state is the most anyone can say of ohio, a state without a future.

 

Outrage over exotic-game release in Ohio; most are hunted down, killed Private collectors actively trade in such animals all over the U.S. in a vibrant and poorly regulated market. (Washington Post) [The scope of my comment pertains to the Cats only. How could anyone put the attenuated potential harm of americans ahead of literally the lives of these magnificent, exotic Cats. Even more pathetic was jack hanna’s defense of same. He should be boycotted in any and all of his endeavors, themepark / zoos,  and his abc show from which he should be fired. http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf       http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm        Cases against Wall Street lag despite Holders vows to target financial fraud  WP Obama has promised to hold Wall Street accountable for the meltdown.    America Is a Failed State Because It Wont Prosecute Financial Crime  Washingtons Blog / the grim economic reality   [  http://albertpeia.com/grimreality.htm           

CRIME STATS(u.s.No.1)

Rank  

Countries 

Amount 

 

# 1  

United States:

11,877,218 

 

# 2  

United Kingdom:

6,523,706 

 

# 3  

Germany:

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 Holders 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      ]

 

 

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Hedge fund manager pleads guilty (Washington Post) [ Still none of the ‘big boys’ (big wall street banksters / frauds)! Obama flush with financial sector cash The president has managed to raise more money this year from the sector than any GOP contender. (Washington Post) [ So much for obama and OWS; but how ‘bout wobama and obs … yes, more ‘obama b*** s*** ! The quid pro quo … the bribe …  Cases against Wall Street lag despite Holders vows to target financial fraud  WP Obama has promised to hold Wall Street accountable for the meltdown.    America Is a Failed State Because It Wont Prosecute Financial Crime  Washingtons 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    
, Daves Daily http://www.etfdigest.com/davesdaily  The only thing wrong with the image above is that its from March 2010, or on one of many previous plans agreed upon. But, markets dont 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. Lets face it; this is the time of year bulls can make their year with good fees and bonuses on the line…’ ,     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.. , 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 months2-1/2 years. He spent the first year obsessed with passing Obamacare, a program that doesnt create jobs, but might destroy a lot of them.  He bailed out GM, but many believe that his interference didnt 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…’    Double-Dip Recession a Foregone Conclusion: Roubini Oct 11th, 2011 News (CNBC) The worlds 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 weve 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 Washingtons 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 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 havent the slightest idea what theyre doing; certainly in the areas of finance and economics. Indeed, theyve 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 theyve 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 Washingtons Blog | Economists Agree: Were In a Depression. 

 

 

 

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Krauthammer: Why Abbas went to the U.N. (Washington Post) [ Maybe Mr. Krauthammer should just ask him why Im sure hed get an earful of sound reasons. Then again, maybe Mr. Krauthammer might not be listening; after all, as a jewish man himself, hed certainly find himself within the exceedingly small minority of jewish people who would (listen certainly not the israeli lobby nor capital hill which the perspicacious Pat Buchanan has correctly observed as being occupied israeli territory). Yet, somewhere along Mr. Krauthammers timeline / history he conveniently but not surprisingly forgets what was already decided, yet never lived up to. After all (once again), if military-oriented warring states as israel are through aggression permitted to retain by superior military power the benefits of war, there would be no end to war; as in israels case, it would always pay to go to war. No one could rationally support such an irrational and untenable position. Hence: UN Resolutions 242 and 338  http://reut-institute.org/Publication.aspx?PublicationId=541  (I used the Reut Institute, an israeli organization, reference so as to preclude any accusation of anti-israeli bias).  This term refers to UN Security Council Resolutions that lay the foundation for the Israeli-Palestinian political process, based on territorial compromise and a solution to the problem of Palestinian refugees.

Definition

The term UN Resolutions 242 and 338 refers to two resolutions approved by the UN Security Council. Resolution 242 was approved after the 1967 war (11/67) while Resolution 338 was approved during the 1973 war (10/73).

Background

UN Resolutions 242 and 338 call for the peaceful resolution of the Arab-Israeli conflict through territorial compromise. The acceptance of the Resolutions by Arab elements indicates their recognition of Israel.

The political process between Israel and the Arabs - including the 1978 Camp David Accords between Israel and Egypt (9/78), the Israel-Egypt Peace Treaty (3/79), the Madrid Conference (10/91), the Peace Treaty between Israel and Jordan (10/94), and the structure of the Israeli-Palestinian peace process since 9/93 - is founded on these Resolutions.

Content of Resolutions

The main articles of UN Security Council Resolution 242 (11/67) call for:

Resolution 338 (10/73) reiterates the importance of Resolution 242, and calls upon the sides to begin negotiations with the aim of achieving a just and durable peace.

Interpretations

The interpretation of the resolutions is the object of political and legal controversy primarily regarding two points:

Extent of Israeli withdrawal - The first article of Resolution 242 is an object of controversy because of differences in wording between the English and the French versions of the text. The English version talks about Israeli withdrawal "from territories...", while the French version talks about Israeli withdrawal "from the territories" (des territories...). Thus, the addition of the word "the" in the French version implies that Israel is required to withdraw from all the occupied territories.

Solution to the refugee problem - UN Resolution 242 talks about a "just settlement" to the refugee problem without addressing the specific solution that appears in UN General Assembly resolution 194. Arab countries, as well as others, interpret Resolution 194 as the basis for the "right of return" of Palestinian refugees1. Hence, they argue that Resolution 194 is the interpretation of a "just settlement" that appears in Resolution 242. However, because Resolution 242 does not specifically mention 194, Israel does not interpret it as harboring the "right of return" and therefore sees it as a possible basis for the solution to the refugee problem.

 

 

Some more history:

The Balfour Declaration of 1917 http://en.wikipedia.org/wiki/Balfour_Declaration_of_1917#cite_note-1 (dated 2 November 1917) was a letter from the British Foreign Secretary Arthur James Balfour to Baron Rothschild (Walter Rothschild, 2nd Baron Rothschild), a leader of the British Jewish community, for transmission to the Zionist Federation of Great Britain and Ireland.

His Majesty's government view with favour the establishment in Palestine of a national home for the Jewish people, and will use their best endeavours to facilitate the achievement of this object, it being clearly understood that nothing shall be done which may prejudice the civil and religious rights of existing non-Jewish communities in Palestine, or the rights and political status enjoyed by Jews in any other country."[1]

The statement was issued through the efforts of Chaim Weizmann and Nahum Sokolow, the principal Zionist leaders based in London; as they had asked for the reconstitution of Palestine as the Jewish national home, the declaration fell short of Zionist expectations.[2]

 

[Yeahthose zionist expectations can really be a bi**ch / deal-breakers when searching for peaceful resolutions! ]

 

As a former Doctor of Psychiatry, I’m sure Mr. Krauthammer might appreciate the last portion of this comment, infra: Abbas announces U.N. member bid Move appears to seal fate of U.S. efforts to broker a deal to resume Israeli-Palestinian talks. (Washington Post) [ U.S. (israeli) efforts? Resume infinite talks? Is this some parallel universe they’re operating in? Let’s apply the Einstein definition to such a preposterous position promulgated by the u.s. / israelis: ‘Insanity is doing the same thing over and over again and expecting different results.’ Time for action regarding this long overdue independent statehood which should be ‘fate accomplis’! U.N. showdown could test U.S. role in Mideast One week before a United Nations vote over Palestinian statehood, the Obama administration is confronting the stark new limits of its influence. (Washington Post) [  What role? As israel’s mouthpiece? War, war, and more war? Death, destruction, and self-defeat including defacto bankruptcy for the u.s.? Fomenting anti-american sentiment? What role? The role the israeli lobby says is appropriate for america? How foolish america has been! Anxieties mount over Palestinian statehood bid (WP) [ And anxieties mount over no statehood bid! What gives here! Only ‘yesterday’ (not long ago), hillary clinton was talking about the need for and appropriateness of same. Has the israeli lobby, so costly and detrimental to american interests here and abroad, given her and hers a ‘talking to’? . U.S. vetoes Security Council resolution denouncing Israeli settlements (WP) [ Drudgereport: Hillary Clinton: Israeli Settlements 'Illegitimate'… [We know that hill … We’ve known that for quite some time along with their illegal nukes, war crimes, etc…The whole world knows that so don’t just talk about it,DO SOMETHING!]..pervasively corrupt, defacto america’s self-defeating,self-destructive way U.S. vetoes Security Council resolution denouncing Israeli settlements Sounds like a plan!..for self-destruction! ] Israel's fear (WP)[Wake up! Illegal nuke totin’, war crimes nation israel’s fears-p l e a s e, spare me the pro-israeli b*** s*** ! What israel fears is a projection of their own ill-founded motives/actions for which all norms, rules, laws governing civilized behavior are suspended for expedience at the least, and blood-thirst that some posit as a remnant of their historic role as Christ-killers(with roman ‘juice’).  Isn’t it time, in these desperate times for america, to put u.s., not israel’s interests, first.Who cares what israel fears!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!     Israel wary of transition in Egypt, concerned about regional stability (Washington Post) [ Who cares what the paranoid, war criminal, illegal nuke totin’, war criminal israelis are wary of. This country has gone down the tubes cow-towing to the paranoid, self-interested concerns of the psycho / sociopathic zionist israelis who are forever projecting their own pathological motives to every turn of history while ignoring their own culpability in producing the very outcomes they purportedly seek to avoid. War, conflict, greed, bloodshed is the historically based israeli way. ]   A resurgent Syria alarms u.s., israel (Washington Post) [  Tell me! What doesn’t alarm these two paranoid, zionist neo-nazi regimes of oppression, suppression, aggression, and regression. If they were individuals, they’d undoubtedly be diagnosed as psychopaths, sociopaths totally ignorant of the rights of others, laws, civilized behavior as israel pads her illegal nuke arsenals with american supplied weaponry / support while expecting all other nations to ‘role over and die’. Bipolar / manic / depressive, the ups and downs are increasingly difficult for even americans to follow. Obsessive / compulsive thy names are zionist israel / america. Projection / displacement regarding their own illegal acts, war crimes, etc.; what they distinguished from what they do … dissociative identity disorder, (dissociative) psychogenic fugue? Yes … the u.s. and israel are the world’s lunatics, sorely in need of therapy! ]  Syria's fresh interference in Lebanon and its increasingly sophisticated weapons shipments to Hezbollah have alarm officials and prompt Israel's military to consider striking a Syrian weapons depot.
Editorial: Russia and China’s cowardly vetoes (Washington Post) [ How sad … for the editorial board of this newspaper … While there may have been a time when such an observation might have been appropriate, that certainly isn’t so today; nor has it been otherwise so for quite some time. After all, what nation is invading other nations; killing, pillaging, and plundering for the sake of alignment with a regime for which propaganda has displaced even basic historic truths in covering their trail of warring destruction; ie., the coup d’etat / JFK assassination leaving the military industrial complex to their own (self-perpetuating) devices (more conflict / war for bigger budgets / corporate welfare) as warned against by the great though substantially underrated President General Eisenhower. I also must say that there’s been a curious ‘coincidence’ to ‘censor’ of my comments relating the militance of israel and that american faction so detrimental to this nation and the world to the point that complaints about same have been futile and no longer made by me. With the longevity of newspapers already (and quite recently) predictably diminished (obsolescence, agendas, censor, etc.), one would have ‘expected something more’ in terms of the right thing, the honorable thing to do on the way out. Russia, China block Syria resolution They cast a rare double veto on the U.N. Security Council to block a draft resolution condemning Syria for its crackdown. (Washington Post) [ Yes; and even rarer was the rationality that went into such a double veto vote. After all, you don’t see the oppressive, repressive ‘nation state’ (? … family owned? … what’s up with that?) Saudi Arabia treated like Syria. Drugereport: 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]

Obama rejects Palestinians U.N. bid  While rejecting bid for statehood, president delivers clear statement of support for Israel in speech  (Washington Post) [ Will the real wobama the b (for b***s***) please stand up wobamas john kerry today and gone tomorrow all sides of all issues while standing for nothing at all that talk with netanayahoo they really must have plenty on wobama and yet to be exposed if no co-wop with israel ( even beyond whats already known and not public as it should be THE OBAMA DECEPTION  http://albertpeia.com/obamadeceptionhighqualityversion.flv   ) the republicans, wobama, and democrats are just falling all over one another to please israel, albeit from an elevation no greater than their knees. How totally pathetic they are! How myopic! How totally unprincipled! How self-defeating! How self-destructive! No small wonder pervasively corrupt, defacto bankrupt americas irreparably broken! Americas debt woe is worse than Greeces 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. Were broke for a reason. Weve 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 todays and tomorrows 100 million-plus retirees. The governments total indebtedness its fiscal gap now stands at $211 trillion, by my arithmetic. [source]     Drudgereport: Obama re-affirms desire for Palestinian state...  

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 and wobama herselves in espousing this administrations unequivocal position in support of 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...

Abbas announces U.N. member bid Move appears to seal fate of U.S. efforts to broker a deal to resume Israeli-Palestinian talks. (Washington Post) [ U.S. (israeli) efforts? Resume infinite talks? Is this some parallel universe theyre operating in? Lets apply the Einstein definition to such a preposterous position promulgated by the u.s. / israelis: Insanity is doing the same thing over and over again and expecting different results. Time for action regarding this long overdue independent statehood which should be fate accomplis! U.N. showdown could test U.S. role in Mideast One week before a United Nations vote over Palestinian statehood, the Obama administration is confronting the stark new limits of its influence. (Washington Post) [  What role? As israels mouthpiece? War, war, and more war? Death, destruction, and self-defeat including defacto bankruptcy for the u.s.? Fomenting anti-american sentiment? What role? The role the israeli lobby says is appropriate for america? How foolish america has been! Anxieties mount over Palestinian statehood bid (WP) [ And anxieties mount over no statehood bid! What gives here! Only yesterday (not long ago), hillary clinton was talking about the need for and appropriateness of same. Has the israeli lobby, so costly and detrimental to american interests here and abroad, given her and hers a talking to? . U.S. vetoes Security Council resolution denouncing Israeli settlements (WP) [ Drudgereport: Hillary Clinton: Israeli Settlements 'Illegitimate' [We know that hill Weve known that for quite some time along with their illegal nukes, war crimes, etcThe whole world knows that so dont just talk about it,DO SOMETHING!]..pervasively corrupt, defacto americas self-defeating,self-destructive way U.S. vetoes Security Council resolution denouncing Israeli settlements Sounds like a plan!..for self-destruction! ] Israel's fear (WP)[Wake up! Illegal nuke totin, war crimes nation israels fears-p l e a s e, spare me the pro-israeli b*** s*** ! What israel fears is a projection of their own ill-founded motives/actions for which all norms, rules, laws governing civilized behavior are suspended for expedience at the least, and blood-thirst that some posit as a remnant of their historic role as Christ-killers(with roman juice).  Isnt it time, in these desperate times for america, to put u.s., not israels interests, first. Who cares what israel fears!  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!    




U.S. first unsure of Irans role in plot Officials acknowledge the case bore few of the hallmarks of a unit that has trained and equipped militants around the world. (Washington Post) [ Bore? Yes bore, as in this story a total bore, created by the boars who bore responsiblility for the last nation-bankrupting, nation- destroying war Will U.S. Exploit Dubious Terror Case and Attack Iran? Kurt Nimmo | Another case of a clueless patsy entrapped by the U.S. government. 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! Thats as likely as wmds 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, theyd 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 ] }
Drudgereport:
WAR DRUMS: IRAN CALLS 'TERROR PLOT' LIE
Saudis say Iran must 'pay the price'...

Hillary: 'Dangerous escalation'...
Iran accused in a plot to kill Saudi envoy U.S. allegations elements of the Iranian government plotted to assassinate the Saudi ambassador to Washington aggravated tense relationship between the United States and the Islamic Republic. (Washington Post) [ Drudgereport: 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! Thats as likely as wmds 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, theyd 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 ]  Then, of course, theres the ongoing contrived attempt to split the Arab / Islamic world; and no, these uprisings, including those against Syria, are no coincidence; and, theres the contrived maintain budgets factor for theirs (ie., cia, israel, etc.) and the military industrial complex sake. Id say they have an inferiority complex; along with a panoply of other serious psychological disorders as elsewhere mentioned on my website.}
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

 

 

[Yeahthose zionist expectations can really be a bi**ch / deal-breakers when searching for peaceful resolutions! ]

 


Obama goes on attack, to Democrats delight New strategy is rooted in the reality that Obama is 13 months from Election Day. A poll shows that only 58 percent of Dems believe he will be reelected. (Washington Post) [ Only? There
s no surprise here 100% of the blacks among other minorities; and interestingly, though only for purposes of the poll, perennial, nominal democrats of the jewish faith who ultimately vote along jewish lobby lines vis-à-vis mideast politics / events / occupations, etc.. Indeed, one must laugh at the professed israeli love for bush who is of a family of historic pro-nazi sympathies and business / support (even charged/prosecuted not really, this is america .. that arbitrary enforcement of the law thing aka corruption assets seized - for same). Thats what the republicans and democrats are both fallin all over each other and shootin for; shootin themselves in the foot thereby, and bringing the nation down as they do so. The perma wars, the no-pros of the major frauds on wall street ( Cases against Wall Street lag despite Holders vows to target financial fraud  WP | Obama has promised to hold Wall Street accountable for the meltdown. ), and a racist orientation to the doj  ( UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE...ignore cases that involve black defendants and white victims ' )   led by a now known liar (dont forget, theyre prosecuting a baseball player, Roger Clemens,  for at most no more than what holders done himself) Drudgereport: 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! hes typical!]...

White House screams, swears at reporter for covering scandal...

 

http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf       http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm        Cases against Wall Street lag despite Holders vows to target financial fraud  WP Obama has promised to hold Wall Street accountable for the meltdown.    America Is a Failed State Because It Wont Prosecute Financial Crime  Washingtons Blog / the grim economic reality   [  http://albertpeia.com/grimreality.htm           

CRIME STATS(u.s.No.1)

Rank  

Countries 

Amount 

 

# 1  

United States:

11,877,218 

 

# 2  

United Kingdom:

6,523,706 

 

# 3  

Germany:

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 Holders 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    

'Buchanans charges of a Bush-Nazi past are hard to ignore, largely because of his passion as a true-believer and an effective series of articles in a highly independent New England publication. His enthusiasm for getting at the truth of all this has been further emboldened by Loftus, who has suggested that Prescott Bush should have been tried for treason, because they continued to support Hitler after the U.S. entered the war. Loftus, who describes himself as a former prosecutor with the U.S. Justice Departments Nazi-hunting unit, has added the reassurance that he could have made the case.Treasury and Justice department files, including what was then the Office of Alien Property, declassified as recently as September, do indeed show that the U. S. government acted to seize numerous assets held by Harriman affiliated companies. After the war, Buchanan has written, a total of 18 additional Brown Brothers Harriman and UBC-related [Union Banking Corporation] client assets were seized under the Trading With the Enemy Act, which Franklin D. Roosevelt signed right after Pearl Harbor.' http://hnn.us/articles/1811.html

Google search: About 94,700 results (0.20 seconds) (from page 1 of many regarding bush nazis)

 

Rubin: How about OWS’s anti-Semitism? (Washington Post) [ When I first saw this headline I thought, zionist robert rubin’s retort; then expected a reference to failed secretary of treasury as he was, Hank Paulsen, a ‘Christian Scientist’. From the consequences of his disastrous reign and bailouts of the perpetrators of history’s largest frauds by far (bush’s base, ie., that 1%, etc.), to the detriment of the 99%, the rest of this nation, and the world; with no prosecutions, adding insult (to intelligence, etc.) to irrevocable injury, one might have though paulsen to have literally been a scientist of Christianity wherein he studied the effects of imposing (not vows of but real) poverty upon the Christian populace. While numbers can manipulated, and there are those stereotypes of greed, unscrupulous money hunger, ‘shylocks’, etc., ( I invite attention to the very worthy, well produced, documented video ‘Esoteric Agenda’ http://www.albertpeia.com/esotericagenda.flv  which discusses the rothchild banking cabal ), it’s really difficult to dismiss entirely the hugely disproportionate representation among the frauds on wall street {many unprosecuted courtesy of ‘goldman sachs’, etc., clout). Then again, one can’t really say ‘anti-semitic’ because the reference does not pertain to Arabs who are also Semites. It’s analogous to my own dilemma regarding the disportionate deleterious effect of corrupt jewish federal judges (ie., shiff, matz, etc.), trustees (panel, ie., coan), etc., relative to that of the corrupt Christian judges (ie., trump, hall, etc.), and trustee (ie., martini, leonard, etc.), and of the original RICO defendants (italian dogs, etc.) who payed their bribes through, ie., trump casinos, etc., and even directly, ie., private ‘retention’ of hugh leonard, u.s. trustee, and of all things, with (cia favored) illegal drug money at that. } So, while not totally logical, one might say in broader strokes given limited resources, not irrational either. After all, in my own experience, jews have favored jews over non-jews as myself, despite being contrary to facts and law. But, as well, Italian dogs as, ie., alito, etc. (and, God knows I loved and respected my Grandmother who was 100% Italian, and Grandfather, Como, Italy but of ancestral Greek origins) (yet I consider those seaside heights greeks dogs too!) , seem to have favored italian mobsters over me (I hate the mob!), which quid pro quo seems to have worked out well for alito and german trump. http://www.albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf   and   http://albertpeia.com/fbimartinezcongallard.htm     ]

 

 

 

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

 

Lewis: What would MLK say to Obama?  (Washington Post) [ He’d say not color of skin, but that ‘content of character thing’ should at least start at the DOJ under fellow black Holder. I mean, who would take them seriously if it didn’t!  UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE...ignore cases that involve black defendants and white victims '.    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!     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 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 DAs 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). ]  N.Y. bumped from foreclosure panel Iowas attorney general says N.Y. official actively worked to undermine groups efforts in foreclosure negotiation with banks. (Washington Post) [ Yeah! No surprise here! Yet new jerseys representative would have been equally disingenuous in corruptly carry out his / her duties, so doody-full are they, from there!  Sen. Chuck Grassley  It doesnt 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  ] Krauthammer: Obamas scapegoat strategy (Washington Post) [ Well, I dont know Manichaean; a bit too deeply philosophical for my mind. But I do know b***s*** when I hear it, see it; and, with wobama the b (for b***s***), b***s*** is the one thing thats in no short supply; indeed, those shovel ready jobs he campaigned on were from the looks of all reality, solely for the purpose of shoveling wobamas neverending b***s***. 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 months2-1/2 years. He spent the first year obsessed with passing Obamacare, a program that doesnt create jobs, but might destroy a lot of them.  He bailed out GM, but many believe that his interference didnt 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…’  U.S. first unsure of Irans role in plot Officials acknowledge the case bore few of the hallmarks of a unit that has trained and equipped militants around the world. (Washington Post) [ Bore? Yes bore, as in this story a total bore, created by the boars who bore responsiblility for the last nation-bankrupting, nation- destroying war Will U.S. Exploit Dubious Terror Case and Attack Iran? Kurt Nimmo | Another case of a clueless patsy entrapped by the U.S. government. 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! Thats as likely as wmds 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, theyd 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 ] }
Drudgereport:
WAR DRUMS: IRAN CALLS 'TERROR PLOT' LIE
Saudis say Iran must 'pay the price'...

Hillary: 'Dangerous escalation'...
Iran accused in a plot to kill Saudi envoy U.S. allegations elements of the Iranian government plotted to assassinate the Saudi ambassador to Washington aggravated tense relationship between the United States and the Islamic Republic. (Washington Post) [ Drudgereport: 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! Thats as likely as wmds 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, theyd 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 ]  Then, of course, theres the ongoing contrived attempt to split the Arab / Islamic world; and no, these uprisings, including those against Syria, are no coincidence; and, theres the contrived maintain budgets factor for theirs (ie., cia, israel, etc.) and the military industrial complex sake. Id say they have an inferiority complex; along with a panoply of other serious psychological disorders as elsewhere mentioned on my website.}
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

 

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'...      

 

 

 

[Yeahthose zionist expectations can really be a bi**ch / deal-breakers when searching for peaceful resolutions! ]

 


Obama goes on attack, to Democrats delight New strategy is rooted in the reality that Obama is 13 months from Election Day. A poll shows that only 58 percent of Dems believe he will be reelected. (Washington Post) [ Only? There
s no surprise here 100% of the blacks among other minorities; and interestingly, though only for purposes of the poll, perennial, nominal democrats of the jewish faith who ultimately vote along jewish lobby lines vis-à-vis mideast politics / events / occupations, etc.. Indeed, one must laugh at the professed israeli love for bush who is of a family of historic pro-nazi sympathies and business / support (even charged/prosecuted not really, this is america .. that arbitrary enforcement of the law thing aka corruption assets seized - for same). Thats what the republicans and democrats are both fallin all over each other and shootin for; shootin themselves in the foot thereby, and bringing the nation down as they do so. The perma wars, the no-pros of the major frauds on wall street ( Cases against Wall Street lag despite Holders vows to target financial fraud  WP | Obama has promised to hold Wall Street accountable for the meltdown. ), and a racist orientation to the doj  ( UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE...ignore cases that involve black defendants and white victims ' )   led by a now known liar (dont forget, theyre prosecuting a baseball player, Roger Clemens,  for at most no more than what holders done himself) Drudgereport: 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! hes typical!]...

White House screams, swears at reporter for covering scandal...

 

http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf       http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm        Cases against Wall Street lag despite Holders vows to target financial fraud  WP Obama has promised to hold Wall Street accountable for the meltdown.    America Is a Failed State Because It Wont Prosecute Financial Crime  Washingtons Blog / the grim economic reality   [  http://albertpeia.com/grimreality.htm           

CRIME STATS(u.s.No.1)

Rank  

Countries 

Amount 

 

# 1  

United States:

11,877,218 

 

# 2  

United Kingdom:

6,523,706 

 

# 3  

Germany:

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




 

Obama can’t win  NATO’s success in Libya proves that no good Obama .. goes unpunished. (Washington Post) [ Yeah! I think he’s correct, using most of his words: Obama can’t win  NATO’s success in Libya proves that no good Obama .. goes unpunished. I mean come on, with ie., war crimes nation israel and despotic saudi arabia unscathed; not to mention the defacto bankruptcy of all members of the ‘nato alliance’ and america’s particularly among their war crimes, who’s kidding whom? Yes, it’s true … obama / nato can’t win while they’re unequivocally losing!  Saying otherwise no longer means it’s true!  Poll puts Obama in dead heat with 4 GOP contenders (Washington Post) [ Wow! … I don’t know about that … seems hard to reconcile that poll with wobama’s record low approval ratings consonant with wobama’s record low performance consonant with the nation’s record low prospects in large part owing to wobama’s non-performance by deviating from campaign promises; and hence, his consequent consummate performance as ‘bush failure 3’. Milbank: GOP’s losing obsession with health care (Washington Post) [ No … it’s Mr. Milbank’s losing obsession with loser ‘wobama the b’ (for b***s***), that’s the real story here. Drudgereport: 10-5-11 POLL: OBAMA 41% ANY REPUBLICAN 47%...
Opposition grows, hardens...
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
  Wall Street Puppet Obama Sympathizes With Anti-Wall Street Protests Steve Watson & Paul Joseph Watson | Claims Government has not gone after banksters because … [ More wobama b***s*** for the multi-trillion dollar fraud, still extant, etc.. Of course, as a total fraud himself, no small wonder that as per wobama’s fraudulent playbook the blatant wall street frauds are not, by him, considered fraud. Remember those ‘shovel ready’ jobs promised last (but eternal) campaign by wobama? Well, just those required to shovel his infinite b***s***. Then those fightin’ words from ‘the great prevaricator’ … (to GOP) unite behind his jobs bill or get ready to be run "out of town" … shows his disconnect with reality and proclivity for rhetoric / b***s*** since it’s he who should and will be ‘run out of town on a rail’. He’s so pathetic! What a total loser! Who’s foolish enough to even listen to this total b***s*** artist wobama? ] OWS Needs to Target Real Enemies Or Face Irrelevancy` Kurt Nimmo | Real enemies are the Bilderbergers, CFR, the Trilateral Commission, and the Federal Reserve — not lowly Wall Street stock brokers. [ This is quite incorrect! I’m not saying don’t target the Bilderbergers, CFR, the Trilateral Commission, and the Federal Reserve, etc.; but, for the most part, they are ‘frauds fait accomplis’, as ie., in accordance with the adgage ‘behind every fortune, a crime’ (subject to very few exceptions, ie., ‘the late, great Steve Jobs’ (bill gates is not among those exceptions). They (Alex Jones, et als) ignore, owing to their lack of ‘real world experience’, organized crime of its ‘various flavors’, ethnicities, even cabals / niches within government. The fact is and remains, as with politics (O’Neil), all crime is ultimately local. You must always prosecute the proximate crime causing the proximate harm without fail (nominal crimes as, ie., marijuana possession, should take a back seat to distribution, ie., cia, cartels, bribery, etc., given limited resources, budgetary constraints. After all, given the u.s. government’s involvement in the distribution aspects of the illegal drug business, ie., cocaine, etc., cia, etc., possession/use falls into the nebulous realm of civic / patriotic duty?). Only by so doing will you ultimately get those higher up on the criminal food chain who are ‘protected’ by layers of corrupt bureaucracy as is pervasive in american government / society, federal, state, and local. ]Don’t Let Obama Campaign Fronts Infiltrate OWS – Occupy The Fed Paul Joseph Watson | Join Alex Jones to strike a crushing blow against the true financial oligarchy. [ This is sound advice. Already part of the problem, they’ll just leverage that to squeeze campaign financing from the criminals (bribes, etc.) then leave OWS hanging (the quid pro quo)].  Unions angry over Postal Service cuts They said any move to break labor contracts to lay off 120,000 would hurt the already ailing movement. (Washington Post) [ I reiterate my call for the well managed, efficient, and reliable company, UPS to take over the operation of the poorly managed, inefficient, and unreliable USPS. Postal Service seeking 20 percent staff cut EXCLUSIVE | In cost-cutting bid, USPS also proposes withdrawing employees from existing health and retirement plans and creating its own benefit programs. Congress would need to sign off. (Washington Post) [ I think it’s a great idea. Indeed, 50% would be substantially better. Even better yet, UPS should take over their entire operation. After all, UPS is well managed and efficient; and also, very reliable. On the other hand, the USPS is poorly managed, inefficient, and very unreliable: 
October 15, 2010 (*see infra {ultimately delivered by UPS})

                       ----------

 

*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) ]Report: DOJ investigating S&P's mortgage securities ratings Associated Press The Justice Department is investigating whether the agency improperly rated dozens of mortgage securities in the years leading up to the financial crisis. (Washington Post) [ There you go … the retaliation … the long awaited payback (quid pro quo witheld) for long overdue downgrade. They should be investigating themselves, the SEC ( SEC destroyed documents, senator says ), among numerous other fraudulent, illegal schemes, activities. 3 Top Crooks Still Roaming Free After the Economic Crash Wall St. Cheat Sheet 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…’ The "Crimes" That Wrecked The Markets  Forbes / Lenzner  ,  SEC accused of destroying files Former agency official says SEC violated federal law by destroying records of enforcement cases in which it decided not to file charges. (Washington Post) [ Duh, ya think? The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed!     SEC destroyed documents, senator says 17 Aug 2011 ‘The Securities and Exchange Commission may have destroyed documents and compromised enforcement case ...   Grassley: Agency may have got rid of Goldman, Madoff documents   Ronald D. Orol, MarketWatch WASHINGTON (MarketWatch) — The Securities and Exchange Commission may have destroyed documents and compromised enforcement cases involving activity at large banks and hedge funds during the height of the financial crisis in 2008, according to allegations made by a lawmaker on Wednesday. “From what I’ve seen, it looks as if the SEC might have sanctioned some level of case-related document destruction,” said Sen. Chuck Grassley, Republican of Iowa, in a letter to the agency’s chairman, Mary Schapiro. Sen. Chuck Grassley  “It doesn’t make sense that an agency responsible for investigations would want to get rid of potential evidence. If these charges are true, the agency needs to explain why it destroyed documents, how many documents it destroyed over what timeframe, and to what extent its actions were consistent with the law.” Agency staff “destroyed over 9,000 files” related to preliminary agency investigations, according to a letter sent in July to Grassley, the top Republican on the Senate Judiciary Committee, and obtained by MarketWatch. The allegations were made by SEC enforcement attorney, Darcy Flynn, in a letter to Grassley. Flynn is a current employee, and according to the letter, received a bonus for his past year’s work. Flynn alleges the SEC destroyed files related to matters being examined in important cases such as Bernard Madoff and a $50 billion Ponzi scheme he operated as well as an investigation involving Goldman Sachs Group Inc. GS +0.33%   trading in American International Group credit-default swaps in 2009. Flynn also alleged that the agency destroyed documents and information collected for preliminary investigations at Wells Fargo & Co. WFC +1.34% , Bank of America Corp. BAC +0.81% , Citigroup C +0.13%  , Credit Suisse CS +0.38%  , Deutsche Bank DB +0.79%  Morgan Stanley MS -0.06%  and the now-bankrupt Lehman Brothers. The letter goes into particular detail about Deutsche Bank, the former employer of current SEC enforcement chief Robert Khuzami as well as former enforcement chiefs Gary Lynch and Richard Walker…’ Sen. Chuck Grassley  “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  ] 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 , Oversight board faults Deloitte audits Deloitte & Touche took the word of companies it audited instead of properly performing its watchdog function, an oversight report says. (Washington Post) [ Come on! Let’s talk reality! ASOP! American Standard Operating Procedure! The quid pro quo for the ‘fee’. The bribe! From politics to business, particularly on fraudulent wall street, this is now the failure-prone / failure-guaranteed, pervasively corrupt, defacto bankrupt ‘american way’! 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." ‘   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  , This is an especially great opportunity to sell / take profits because there’s much worse to come! Watch for more fake reports / data in their infinite political desperation both here and across the sea! 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…’  ,  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.com  Can President Obama hold on to African American voters in 2012? Cadre of allies is snapping back at critics in the black community and making appeals for racial loyalty.  (Washington Post) [ Appeals for racial loyalty? What’s up with that? Sounds like black racism! How ‘bout some reality in the form of foreboding from Pat Buchanan! 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...

[ .. (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 DAs 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). ]

Outrage over exotic-game release in Ohio; most are hunted down, killed Private collectors actively trade in such animals all over the U.S. in a vibrant and poorly regulated market. (Washington Post) [The scope of my comment pertains to the Cats only. How could anyone put the attenuated potential harm of americans ahead of literally the lives of these magnificent, exotic Cats. Even more pathetic was jack hanna’s defense of the slaughter. He should be boycotted in any and all of his endeavors, themepark / zoos,  and his abc show from which he should be fired. http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf       http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm        Cases against Wall Street lag despite Holders vows to target financial fraud  WP Obama has promised to hold Wall Street accountable for the meltdown.    America Is a Failed State Because It Wont Prosecute Financial Crime  Washingtons Blog / the grim economic reality   [  http://albertpeia.com/grimreality.htm           

CRIME STATS(u.s.No.1)

Rank  

Countries 

Amount 

 

# 1  

United States:

11,877,218 

 

# 2  

United Kingdom:

6,523,706 

 

# 3  

Germany:

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 Holders 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      ] 

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?” …’

 

SHARE YOUR OPINION ON THE DEBT LIMIT
Dear Congresswoman Roybal-Allard:

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:

ATF Chief Melson:Justice Department trying to shield officials (LATimes) Serrano

 

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. ]

 

 

 

Heres 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 computers browser) as per your offices request as made this day (the disk and contents have been scanned by Avast, McAfee, and Norton which Ive 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 youre 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 FBIs 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 Maloneys 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 Holders vows to target financial fraud  WP Obama has promised to hold Wall Street accountable for the meltdown.    America Is a Failed State Because It Wont Prosecute Financial Crime  Washingtons Blog / the grim economic reality   [  http://albertpeia.com/grimreality.htm           

CRIME STATS(u.s.No.1)

Rank  

Countries 

Amount 

 

# 1  

United States:

11,877,218 

 

# 2  

United Kingdom:

6,523,706 

 

# 3  

Germany:

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 Holders 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.albertpeia.com 

 

 

 

Sincerely and Regards,

 

Al Peia

 

 

 

43,454,601,693,238 Reasons Why The World Is Broke – Presenting The Interactive Global Debt Clock  Zero Hedge
October 17, 2011
By now everyone has had a chance to play with the US debt clock. But what about its global cousin? Courtesy of The Economist, we now have a convenient way to track the hundreds of millions in dollars added each and every hour by the global governments who see to spur global deleveraging by, you guessed it, adding more debt. Yes, in the process the world’s sovereigns are transferring default risk away from global corporations to sovereigns, but few in the #OWS crowd appear to have yet figured out this rather disturbing and very insidious usurpation of sovereignty by the global corporatocracy, so said risk and leverage transfer will continue until such time as any and all paper backed by these insolvent corporate shells (f/k/a countries) is completely worthless. Regardless, one should not forget that like in the sandalone case, the “debt clock” below only tracks on balance sheet debt. Should one add the NPV of all “welfare state” obligations (pensions, retirement, healthcare), the number will be well over quarter of a quadrillion dollars. Have fun funding that, never mind paying it off…

http://www.economist.com/content/global_debt_clock

 

 

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

 

 

 

 

 

 

 

 

10-21-11 NEWS / TOPICS

 

 

 

 


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  , This is an especially great opportunity to sell / take profits because there’s much worse to come! Watch for more fake reports / data in their infinite political desperation both here and across the sea!    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). ] , 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. , 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…’ ,  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)…’ ,  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   ,    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 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?   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  ,       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 , 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…’ ,     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 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  ( 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.’) / 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'…’    


 

 

Art Cashin On The Most Important History Lesson Of The Last Century Oct 13th, 2011 08:40 by News  ZeroHedge) Today, instead of the traditional market observations by the Chairman of the Fermentation Committee, we share with readers a critical historical lesson from Art Cashin, focusing on an event that took place 89 years ago, which as Cashin says one of the most devastating economic events in recorded history and an important backdrop to Europe today. It all began with the efforts of a few, well intentioned government officials. Many will know what we are talking about alreadyOriginally, on this day (-2) in 1922, the German Central Bank and the German Treasury took an inevitable step in a process which had begun with their previous effort to jump start a stagnant economy. Many months earlier they had decided that what was needed was easier money. Their initial efforts brought little response. So, using the governmental more is better theory they simply created more and more money. But economic stagnation continued and so did the money growth. They kept making money more available. No reaction. Then, suddenly prices began to explode unbelievably (but, perversely, not business activity).[source] PG View: The hyperinflation of the Weimar Republic is unquestionably Germanys defining economic moment, much like the Great Depression is ours. It goes a long way toward explaining why Germany continues to balk at further bailouts, leveraging, bond buying and expansive liquidity measures; they understandably fear the inflation. Keynsian thinking says governments should be printing and spending like mad in the face of grim growth prospects and an impending banking crisis, but Germans recall all-to readily that when über-easy monetary policy gets out of control, things can go from bad to catastrophic in a heartbeat. Cashins piece is indeed an important history lesson we all should take heed of. For further insight into the Weimar hyperinflation, be sure to read The Nightmare German Inflation. Previous:The latest b***s*** story into the close is rich, but not as in wealthy. One interviewee / pundit even preposterously referred to the Marco Polo effect, viz., that communist Chinas rumored to be about to save one of the PIIGS, italy but whos going to save communist china really some very bad karma for communist china just round the corner! Dont forget, the markets rallied literally many hundreds of points owing to that spin / b***s*** called the euro solution, etc., which of course, never existed in reality, but great fraud points (that computerized hf commissioned churn-and-earn, up and down, get you now and get you later). Then the so-called technical support levels based on much worse than spun fundamentals / reality. Its the other way around, fools fundamentals create technical support levels, not vice versa. Unprecedented Monthly Volume Sell-Off Suggests Now's the Time to Take Shelter at Minyanville Kevin A. Tuttle Sep 12, 2011  ,  Preparing for a Credit Crisis at Minyanville  John Mauldin  ,  What's the Long-Term Outlook for Stocks and The Economy? ETFguide   Simon Maierhofer, September 12, 2011  ,    ]     Prepare For Recession And Bear Market at Forbes Sy Harding, Brace yourself for a recession ,  Senate (Quietly) Approves $500 Billion Increase in Borrowing Authority Sep 9th, 2011 by News (WSJ Blogs) PG View: Shhhhh. Dont tell anyone, but we blew through that initial $400 bln debt ceiling hike in about a month /  Europe on the Verge of a Political Breakdown News , 4 Bearish Mega Trends  Simon Maierhofer / S&P 1,100 And Lower - More Likely Than you Think  , STOCKS DEMOLISHED, EUROPE NEAR BREAKING POINT: Here's What You Need To Know Business Insider , Ominous Bear Flag Pattern Suggests S&P 500 At 1,000  Scott Redler ,Keep in mind the  r word (recession- actually should be d word for depression) subtracting out the understated inflationary price increases (deflating growth with realistic inflation deflator), were already there ( see, Burt Dohmen, Financial Crisis Phase II Is Ahead at Forbes, infra)           7 Reasons Why New Lows are Likely  ETF Guide   ,  Albert Edwards Has Another Reason You Should Worry About Profits The Wall Street Journal, Mark Gongloff   ,   Chart Shock: The REAL Unemployment Rate Is 22% The Daily Bail September 2, 2011 ,  Deja Vu All Over Again: Total US Debt Passes Debt Ceiling In Under One Month Since Extension  Sep 2nd, 2011 News (ZeroHedge)  ,   Global Recession: Right Here, Right Now at Minyanville  Mike Shedlock Sep 02, 2011  ,    Fearing An Even Worse Inflationary Depression Ahead Bob Chapman | The debauching of currencies worldwide goes on with great abandon. Previous: Typical (suckers rally into the close on still lingering hopes for more fed funny money thats a detriment / negative to all but the frauds on wall street and has been a dismal policy failure) window-dressed end of month based on bad news, fraud, and b***s*** alone watch for fake data / reports out of their sheer desperation  ,  Beware Dow In September: Do You Believe The Data?   [ NO! I DON’T BELIEVE THE GOVERNMENT DATA ( Famed economist predicts economic calamity in 2012x   http://w3.newsmax.com/a/aftershockb/video.cfm?promo_code=CA79-1    , NOR DO I BELIEVE THE NON-GOVERNMENT DATA (Accounting Gimmics Resurface as Growth Flounders at TheStreet Rebekah Smith, infra)  ,   Global Recession Likely, Depression Possible: Economist  Aug 31st, 2011 by News (CNBC)  ,    Ignore Buffett's Advice, Don't Buy Stocks Forbes /  Dohmen , The "Crimes" That Wrecked The Markets  Forbes / Lenzner  ,  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…‘  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...  , 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 Todays Levels Greatest Economic and Banking Crisis since the 1930s will Occur Between 2010 and 2012).  Fed Economists Predict A 15 Year Bear Market For Stocks Aug 23rd, 2011 News (BusinessInsider)  ,  End Of Cycle Smelling Like Dow 3K, Gold 3K  Forbes /  Bill Bonner   ,  No Recession Coming ... It's Already Here   , 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…’ ,  NOR DO I BELIEVE THE NON-GOVERNMENT DATA (Accounting Gimmics Resurface as Growth Flounders at TheStreet Rebekah Smith) at this point of abounding desperation for both. ] Murray Coleman If you believe in seasonal factors, betting on the Dow Jones Industrial Average ETF (DIA) wouldnt seem like the best play about this time of year. Over the past 100 years, the Dow itself has averaged a drop of 0.8% in September, according to Bespoke Investment Group. Over the last 50 years, the Dow has averaged a fall of 0.79%; in the past 20 years the benchmark has typically dropped by 0.60% during the month…’  

 

 

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 months2-1/2 years. He spent the first year obsessed with passing Obamacare, a program that doesnt create jobs, but might destroy a lot of them.  He bailed out GM, but many believe that his interference didnt 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 Bear Market Rally Has Begun at Minyanville   Toby Connor Aug 30, 2011 ‘…Investors need to be prepared. This is going to be a very, very convincing rally. The tendency is going to be to buy into the media hype -- that this was nothing more than a severe correction in an ongoing bull market. This was not a correction. This was the first leg down in a new cyclical (secular) bear market. And like all bear markets it will be subject to violent countertrend rallies that toy with traders' emotions, and ultimately cause investors to ride the bear all the way to the bottom…’    Scandal scarred commerce dept. report on consumer spending with anemic income figures (typically as always unworthy of belief as unbelievable anything the government says in their desperation) spurs suckers rally (along with some short covering) to suck suckers in and keep suckers sucked in.  Massive Understatement: Mohamed El-Erians reply to Frank Motek 1070am regarding particularly the 300+ point swing to the upside today, (theyre) confused! Indeed they are! But when youre commissioning those manipulated computer programmed high-frequency-trade swings, churning and earning at lightning speed, such euphemistic criticism falls short with the impact of water off a ducks back.      Moreover, how pathetic are they, those Pavlov dogs on wall street salivating at the mere prospect of a QE handout ultimately at taxpayer expense, in one form or another. Even more pathetic is the so-called ‘rally’ based on a purported rethink of fedspeak alleged  to be so filled with ‘ latent / hidden ‘ meaning of a form of QE welfare down the road. Those pathetic ‘titans of capitalism’; aka, the frauds of wall street.  Never mind that the QE’s have failed miserably and at great costs (inflation, financial, economic, etc.) and detriment to all but the frauds on wall street by way of their manipulated computer-programmed ( high frequency trading) commissioned churn-and-earn. Wall street’s rise has been among the causes of and comcomitant to america’s decline / demise. Remember, there is no modern day alchemy that spins worthless paper into gold except fraudulently for the frauds on wall street whove literally oftimes done exactly that; cashing out for hard currency and gold, precious metals, at everyone elses expense including main street. Theyre just not that important and represent, like termites eating away at the nations foundation, a drag on the economy, the nation as one would expect from parasites such as they are. So what’s changed of significance? Nothing! Absolutely nothing; yet a manipulated computer-programmed ( high frequency trading bots ) churn-and-earn suckers’ rally based on desperation, bad news, fraud and b***s*** alone to suck suckers in and keep suckers sucked in. Horrific news on the economic front particularly since the anemic (revised downward – and I think much worse than reported) 1% GDP growth is all owing to hefty price increases / inflation, fudged and not reported accurately. 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…’  This is an especially great opportunity to sell / take profits because theres much worse to come! ,  Despite being glad that Apple has survived (though outlook now dimmed regardless of rhetoric and beyond the Jobs retirement), ‘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 ,  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  ,       Bernanke - Man of Mystery: Dave's Daily at TheStreet  Bernanke did what a lot of people expected him to do -- speak softly but carry a big printing press. After being down nearly 200 points the DJIA rallied to close higher by 135 points. Pundits shrugged embracing the idea if something was really wrong Bernanke would have acted; besides, bulls' reasoned stocks are cheap based on trailing PEs of around 12. Away from that was more crummy economic news with GDP printing at only 1% growth. This may be revised lower again like most other indicators of late…’  (Daves 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..)   Play It Again Sam: Dave's Daily  [ As always, Dave is spot-on as an astute, knowledgeable, seasoned veteran of the markets. ] ‘ 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 giving him 6% interest tax-free (a "coddled" billionaire?) and making he and Berkshire 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 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…’ Previous: Manipulated computer-programmed ( high frequency trading bots ) churn-and-earn suckers’ rally into the close based on desperation, fraud and b***s*** alone to suck suckers in and keep suckers sucked in!   Stocks up on government report (I consistently and here now again warn of fake reports / data) on durables far better than expectations / reality100% better? I dont think so! Come on sheer desperation at best! 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 Im 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! Thats 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 didnt 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…’  Ted Weisberg to Frank Motek 1070am could think of no reason for the market to be up (BAD NEWS: new home sales down, oil prices up - China's manufacturing index showed a decline, the seventh straight month of declines for German manufacturing and the first decline in two years for European manufacturing activity, in u.s. a big miss on new home sales and a decline in the Richmond Fed's manufacturing index.) with some prodding ultimately a begrudging mention of that meaningless fudge term oversold which of course is no reason at all particularly since the market is substantially overvalued so take this as an especially great opportunity to sell / take profits because theres much worse to come! ,  Fed Economists Predict A 15 Year Bear Market For Stocks Aug 23rd, 2011 News (BusinessInsider) The San Francisco Fed has come out with a research paper connecting the dots between the retiring baby boomers and stock prices. The thinking is that the boomers will divest themselves of stocks as they retire and eat into their savings.These conclusions are just horrendous! The suggestion is that there is a 15-year bear market in front of us. Multiples will fall by 50%!!…“We do see it as something of a headwind as the economy is attempting to recover. These deep thinkers have it completely wrong. They think that the key to having a stronger economy is higher stock prices. So they spend all of their efforts dreaming up ways to keep the S&P ramping up. I think it is the exact other way around. If the economy were to be growing [ you see, thats the problem in large part the economy wont really be growing (huge price increases / inflation for the illusion), among a multitude of other problems ], it is reasonable to assume that stock prices might rise. It is completely false to assume that attempts to jigger stocks higher will lead to a stronger economy [ This is true, but the writer ignores the criminal fraud factor as the raison detre for the jiggering. ]  ,  Dow:Gold Ratio and the Secular Bear Market Minyanville  Toby Connor Stocks.. after.. bear market rally, will roll over and continue down into a final four-year cycle low..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 …’  ,  ‘american technology is horrendous and vastly overrated!’ ,  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  ,   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  ,    Social Security disability on verge of insolvency     ,  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   Minyanville's T3 Daily Recap: Market Gives Back Weekend Gains Amid US Bank Woes at Minyanville  ,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  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.    )   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  So what’s changed of significance (other than previous full moon and consequent effects on the lunatic wall street frauds) Nothing! 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!     Regulators close 64th U.S. bank this year , U.S. consumer sentiment grim but retail sales jump with gasoline prices up  ,  [$$] 'Junk' Bonds Point to Recession  , Stock Market Parallels to 2000 and 2008 Should Not Be Ignored   , How Low Will Stocks Go?   Michael Kahn, who writes the Getting Technical column for Barrons.com and the QuickTakes Pro blog, has long argued were 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.  50% unemployment & 90% Dow crash also predicted. Newsmax   Tech up? Is this some kind of a joke? Absolute confirmation of dire prospects worldwide since american tech is horrendous.  (Newsmax.com) Robert Wiedemers new book, Aftershock: Protect Yourself and Profit in the Next Global Financial Meltdown, quickly is becoming the survival guide for the 21st century. And Newsmaxs 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 Ive archived same on my website; also, because the facts and views presented comport with the facts and views Ive 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 Todays 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 its 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'NeilThe market is building momentum to the downside.]    Russell Napier is the author of the book Anatomy of the Bear, a professor at the Edinburgh Business School and a consultant to CLSA Ltd. which is one of the top research houses in Asia. Napiers research indicates (and I paraphrase) that: The S&P 500 will Decline to 400 by 2014 (the Dow 30 to 3800) The S&P 500 will then undergo a major crash that will see U.S. equity prices bottom at almost 50% below current levels (i.e. to 400 or less; the Dow 30 to 3800 or less) sometime around 2014 as Tobins q drops to 0.3 signaling the end of the bear market, as it has done at the end of the four largest U.S. market declines in 1921, 1932, 1949 and 1982. U.S. Treasury Sales Collapse Leading to End of U.S. Dollar as Reserve Currency Robert R. Prechter Jr. is author of a number of newsletters and books including Elliott Wave Principle (1978) in which he predicted the super bull market of the 1980s; At the Crest of the Tidal Wave A Forecast of the Great Bear Market (1995) in which he predicted a slow motion economic earthquake, brought about by a great asset mania, that would register 11 on the financial Richter scale causing a collapse of historic proportions; and Conquer the Crash: You can Survive and Prosper in a Deflationary Depression (2002) in which he described the economic cataclysm that we are just beginning to experience and advised how to position ones self financially during that period of time. 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.    Watch for fake govt data / reports owing to political desperation!  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 cant call this a recovery. Theres no reason to celebrate when a job report was better than expected. Why? Because the expectation was abysmal to begin with. Cisco Systems Incs quarterly results edged past Wall Streets scaled-back expectations ...They beat a low bar. A lot of it is coming from cost cutting, which we anticipated. In that sense its 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. ] Tuesday, Aug.9,2011: 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!  [ Is this some parallel universe where unfounded criticism is levied at S&P for the downgrade when theyve 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 Moodys and Fitch; yet, lets not kid ourselves, S&P is the 800 pound gorilla in this world among rating agencies and moodys, 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. Moodys and fitch, quite frankly, folded. Chinas rating agency has already downgraded u.s. paper and theyre holding (huge amounts of that u.s. junk); and hence, against their own interest. Wake up! 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 cant call this a recovery. Theres no reason to celebrate when a job report was better than expected. Why? Because the expectation was abysmal to begin with. And while were at it, we cant ignore increasing sovereign debt problems in Europe…’  Top 3 Reasons Markets Erased the Years 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, its never been higher. Yes, its normal for insiders to be selling some of their stocks so they can buy new yachts and some of this is pre-planned. But that ratio which has spiked recently is extraordinarily high, one might even say off-the-chart  previous‘…1) Job cuts. 2 ) ISM service-sector report. Mondays ISM manufacturing report contributed to market losses on Monday, but todays report, though equally negative, didnt quite have the same effect as markets began to level out this afternoon. The ISM service-sector index declined to 52.7% in July. The U.S. service sector accounts for three-fourths of all economic activity, and employs four out of every five U.S. workers , so a 0.5% decline speaks volumes about the state of economic recovery…’  Factory orders for June fell by 0.8% (just because they say the bad news isnt as bad as expected does not make such bad news rally material. Indeed, the huge ralleys based on now revised downward data never seem to retrace that fake data induced stock surge based thereon.    Service sector growth slowest since 2010    Moody's sets negative outlook on BNY, JPMorgan         S&P ends string of losses on tech rebound  Tech rebound? Is this some kind of a joke? Tech up today? Absolute confirmation of dire prospects worldwide since american tech is horrendous. Yet, sizzling childs play is the order of the day and credit still must be given to those [ie., Steve Jobs-Im truly glad he saved Apple, my first computer (apple IIc for word processing / data based records / forms / templates / data which I interfaced with an electric typewriter for letter quality)] who could (as he) identify such novelties as the biggest over-priced / over-valued sensations since the hoola hoop (hoopla hoops - which were pretty cheap and with some minor health benefits to boot).Take this run-up as a gift based on fraudulent wall street b***s*** alone and take this opportunity to sell / take profits / sell today if you missed in may and then go away! Nothing has been solved; maybe forestalled.  Rout spells trouble for Wall Street  / Moody's confirms U.S. rating at Aaa, outlook negative / Chinese rating agency cuts U.S. debt again / Minyanville's T3 Daily Recap: Signed Debt Deal No Cure for Sickly Market  / US auto industry uneasy after weak July sales / Fitch Unimpressed By Debt Deal, GDP; Markets Unimpressed By Fitch / US debt deal alone won't sustain AAA rating / Stocks now down for year as economic concerns grow AP    The Daily Market Report Aug 1st, 2011  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 favorCBO 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 were working our way to actual cutting by cutting to slow the pace of the nations 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 The Truth About The Debt Deal: Its Pretty Much Meaningless Business Insider/ Come on! Who believes their pre-election year data, reports, b***s***? Theres desperation in the air and like never before! One commentator, Peter Shiff, to Frank Motek of 1070am Bus.Report references the sham in Washington; and regardless, points to default by way of inflation, further stating that the debt ceilings already been breached by borrowing. Moreover, he additionally states that default is inevitable by way of inflation; that the fed will be buying the evermore worthless american paper (bonds) and creating/printing evermore worthless american dollars; that theres been a quid pro quo with at least one of the 3 (S&P, Moodys, Fitch) federal licensed rating agencies, viz., of reaffirming the u.s. AAA rating in return for no prosecution surrounding their role in the S&P AAA rated worthless (fraudulent, mortgage-backed, derivative) paper securities (fraud) giving rise to the previous leg of this continuing, ongoing debacle / crisis. He finally goes on to recommend non-u.s., non-dollar denominated assets, precious metals, and alternate currencies. Initial unemployment claims rise to 418000 - Jul. 21, 2011 which bad news sparked wall street rally what total b***s***. No budget deal, celebrated Greek Plan DEFAULT! sounds like a plan!, backward looking earnings results riiiiight! Watch Out: 2011 Looks A Lot Like The Market Top In 2007 at Forbes  Sean Hanlon  / 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, Pimcos 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) …’ Huge suckers’ rally to keep the suckers suckered in this market based upon backward looking data discounted multiple times to the upside (including the apple numbers as recently as last week on ‘leaked’ expectations of ‘better than expected’, etc.), taxpayer funded QE results, and b***s*** alone. This is an especially great opportunity to sell / take profits since there’s much, much worse to come!   IT'S GOING TO HURT 'FOR LONG TIME TO COME' [ Says tiny tim geithner thanks for the heads up tiny tim  God bless us everyone!  As if we didnt already know it / feel it! 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  ]




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, lets 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 cant make any money in money markets, they pay nothing these days!  True enough, but there are many times in ones 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

 

 

Is the US Economy in a Recession? Posted by: thetechnicaltake Post date: 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). ]

 

 

Thousands dying because they can’t afford heating bills as green taxes add to the burden Daily Mail | Green climate scam is creating cold houses resulting in tens of thousands of cases of respiratory problems and sickness

 

Daves 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 secondgot 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 well 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 lets 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 (againsigh) which were 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 doesnt perk-up. This would be controversial while reinforcing how all-in the Fed is with its Keynesian policies. Its that if at first you dont succeed, try, try, and tryagain 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 wont 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 Europes 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, Octobers 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 McDonalds 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 Fridays $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 Germanys Angela Merkel and Frances 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. Lets 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 

 

 

 

Operation Twist: The Downside The Wall Street Journal

 

 

 

 

QE3 may become ‘appropriate’ Oct 21st, 2011 (Financial Times) — “Securities purchases across a wide spectrum of maturities might become appropriate if evolving economic conditions called for significantly greater monetary accommodation,” Janet Yellen told an audience in Denver.The comments highlight the continued appetite within the Fed for further action if the economy does not improve and suggest that another round of quantitative easing is the leading option. Ms Yellen has been regarded as an advocate for stimulative monetary policy during recent years.But she did not imply that further action is imminent and did not highlight the option of buying mortgage-backed securities, as another Fed governor, Daniel Tarullo, did in a speech on Thursday.[source]

 

Blame the Fed for the Financial Crisis Oct 21st, 2011 By RON PAUL (The Wall Street Journal) — To know what is wrong with the Federal Reserve, one must first understand the nature of money. Money is like any other good in our economy that emerges from the market to satisfy the needs and wants of consumers. Its particular usefulness is that it helps facilitate indirect exchange, making it easier for us to buy and sell goods because there is a common way of measuring their value. Money is not a government phenomenon, and it need not and should not be managed by government. When central banks like the Fed manage money they are engaging in price fixing, which leads not to prosperity but to disaster.…The Fed fails to grasp that an interest rate is a price, the price of time. Attempting to manipulate that price is as destructive as any other government price control.[source]

 

Euro zone finmins approve next tranche of Greek aid Oct 21st, 2011 (Reuters) — The Eurogroup of euro zone finance ministers has approved the payment of the next tranche of 8 billion euros ($11 billion) under Greece’s EU/IMF bailout programme — pending approval from the International Monetary Fund, the ministers said in a statement on Friday.“We have agreed to endorse the disbursement of the next tranche of financial assistance to Greece in the context of the current economic adjustment programme,” said the statement from the Eurogroup, which was meeting in Brussels on Friday evening.“The disbursement is expected to take place in the first half of November, pending the approval by the Board of the International Monetary Fund,” it said.[source]PG View: While it is acknowledged by the troika itself that the Greek financial situation continues to deteriorate and the country is being further hobbled by massive strikes and protests, by all-means give them another €8 bln.

Merkel Rebuffs Sarkozy on Euro Zone Solution Oct 21st, 2011 (CNBC) Frances push to use more European Central Bank money to fight the euro zone debt crisis has run into strong resistance from Germany and other EU partners, leaving Paris increasingly isolated before a crucial summit.The rift between Europes two biggest powers has already forced leaders to tack on an extra summit in the coming week. They will now meet twice on Sunday and Wednesday to try to adopt a comprehensive strategy to fight the crisis that began in Greece, spread to Ireland and Portugal and is now threatening to engulf bigger economies in the 17-nation currency area.Senior European sources said Berlin and Paris were still at loggerheads on two core elements of a plan to build a firewall around Greece and stabilise bond markets how to scale up the euro zones rescue fund and how to reduce Greek debt. [source]

German Committee Vote on EFSF Guidelines Excludes Leveraging Oct 21st, 2011 (Bloomberg) — The budget committee in Germany’s lower house of parliament approved guidelines for the region’s rescue fund that exclude proposals on how to leverage its firepower, said Ulrich Scharlack, spokesman of the parliamentary group of Chancellor Angela Merkel’s Christian Democratic Union.“We assume that the leveraging” of the European Financial Stability Facility “will be decided at the Brussels summit on Oct. 23,” Scharlack said by telephone today, adding that this decision would then have to be presented to the budget committee in Berlin for approval before Merkel could return to Brussels for a second European summit on Oct. 26.European leaders will hold two summits in four days in an effort to break a deadlock on how to tackle the region’s debt crisis. The budget committee called on Merkel to ensure there is no EFSF leveraging via the European Central Bank and that the fund isn’t allowed to operate as a bank.Germany’s guarantees to the EFSF of as much as 211 billion euros ($292 billion) must not be exceeded, the committee said. [source]PG View: No leverage and no additional funds from Germany…that does not bode well for the upcoming summits.

 

Operation Twist: New York Fed purchases $4.597 billion in Treasury coupons with a maturity range of Nov-2019 – Aug-2021. Oct 21st, 2011 10:14 by News

 

France Likely to Lose Top Rating in Stressed Economic Scenario, S&P Says Oct 21st, 2011 (Bloomberg) — France is among euro-region sovereigns likely to be downgraded in a stressed economic scenario, according to Standard & Poor’s.The sovereign ratings of Spain, Italy, Ireland and Portugal would also be reduced by another one or two levels in either of New York-based S&P’s two stress scenarios, the ratings firm said in a report dated today. These assume low economic growth and a double-dip recession in the first set of circumstances, and add an interest-rate shock to the recession in the second. [source]

 

Morning Snapshot Oct 21st, 2011 (USAGOLD) — Gold has rebounded strongly into the range as the dollar tumbled to new post-WWII lows against the yen. The break of key support in USD-JPY put the greenback under broader pressure. Despite the recent concession that this weekend’s EU summit will not net the promised solution for Europe’s debt/banking crisis, even the euro rebounded to pressure its 5-week high versus the dollar.The yen has benefited from safe-haven flows in recent years, primarily because they have been living in a zero interest rate environment with high debt for two-decades. They seem comparatively stable. The yen was bolstered further when the field of safe-haven currencies was narrowed early last month with the Swiss pegging the franc to the euro. The latest record high in the yen is already heightening expectations that the BoJ will intervene to protect Japanese exporters.We’ve made note of the global currency wars repeatedly in recent years. In a global economy, nobody wants a strong currency because it makes exported goods less competitive; and therefore a beggar-thy-neighbor race to the bottom ensues. Of course there are repercussions for currency debasement as well; most notably, higher inflation.If policymakers in Japan move to hinder the safe-haven appeal of the yen, that all-but leaves gold as the last haven standing…

Canada CPI +0.2% in Sep; +3.2% y/y, above market expectations. Core surged to +2.2% y/y, also above expectations.
France business confidence fell to 97 in Oct, below market expectations, vs 99 in Sep.
S&P: France Likely to Lose Top Rating in Stressed Economic Scenario.
Germany Ifo business climate fell to 106.4 in Oct, above expectations, vs negative revised 107.4 in Sep; expectations falls to 97.0, current assessment drops to 116.7.

ECB Borrows Most From Fed Dollar Swap Facility Since May 2010 Oct 21st, 2011 (Bloomberg) — The amount the European Central Bank borrowed from the Federal Reserve’s dollar swap facility rose to $1.9 billion, the most in 17 months, as U.S. prime money market funds cut lending to the region’s banks.[source]

 

Fed Is Poised for More Easing Oct 21st, 2011(The Wall Street Journal) — Federal Reserve officials are starting to build a case for a new program of buying mortgage-backed securities to boost the ailing economy, though they appear unlikely to move swiftly.The idea would be to target any new efforts by the central bank at the parts of the economy that are most severely impeding a recovery—the housing and mortgage markets—by working to push down mortgage rates.[source]

Germany, France Delay Euro Rescue Plan Oct 21st, 2011 (The Wall Street Journal) Europes efforts to deliver a comprehensive plan to resolve the euro-zone debt crisis were in danger of unraveling Thursday as disagreement between Germany and France over virtually every point forced the 27-nation bloc to concede a much-anticipated summit of European Union leaders on Sunday wont produce an agreement.The leaders of the euro zones two largest economies are key to any deal on addressing the nearly two-year-old sovereign-debt crisis.[source]PG View: but, but they promised a coordinated plan by the end of the month just 2-weeks ago. What Im hearing is there is no coordination and there is no plan.

 

 

FOREX-Dollar slumps to record low versus yen Reuters | The U.S. dollar slumped to a record low against the yen on Friday.

 

 

U.S. Economic Recovery Illusions Still Dominate   http://www.bullseyemicrocaps.com/?p=13342   Carlos X. Alexandre: I love to dream of better days ahead, but try not to be oblivious to the underlying conditions and how we arrived here. Yet some commentary that I read no names needed still views the economy as this insulated little beast that lives on stock markets and short-term corporate earnings. Certainly we do get some good news every now and then, and Im thankful for them. Case in point is the latest National Association of Homed Builders NHAB House Market index, which jumped 4 points from 14 to 18. But before we get the streamers and noise makers and start to celebrate, even with a 15% rise in housing starts, two other data series put a bit of cold water on the housing market. Building permits dropped 6% and mortgage applications purportedly suffered from a slight increase in interest rates, according to Reuters…’

 

 

Regulators Knew of Dexia's Problems But Were Silenced Posted by : testosteronepit Post date: 10/21/2011 When a bank collapses, the lies behind its financial statements come out of the woodwork. And now a damning report by French regulators surfaced.

 

 

 

 

Paul Brodsky: The Seeds of Our Destruction Were - And Still Are - Sown in the Bond MarketsPaul Brodsky does not trust the bond markets. That position may seem strange coming from someone who has spent most of his professional career trading bonds, but it's precisely this insider knowledge that has led him to start directing investors to safer harbors. In fact, he thinks our credit system is so far out of control that it will cause a massive - and largely unavoidable at this point - devaluation of the US dollar (and most other fiat currencies, as well). Ultimately, Brodsky recommends investors concerned with protecting the purchasing power of their wealth today get exposure to hard assets that can't be so easily inflated away.

On A Long Enough Timeline, Every CNBC Million Dollar Challenge Is Front Run To SmithereensFirst, the algos took over the real markets. Now, they control the fake ones too...

American Anger: 58% Say Are "Furious About America's Politics" Compared To 49% In January, 37% Support #OWS

Bank Of America Is Restructuring Its Retail Bank Division - Full MemoAny internal memo that is distributed on the last day of the week, and intercepted by American Banker at 5pm on a Friday, must surely be a portent of many good news for the bank which recently added a few trillion in derivative "assets" to match its OpCo deposit pool "liability". We can only hope that as a result of the restructuring, the company's retail banking website will no longer mysteriously crash following announcements of gratuitous debit card fees. Then again, any BofA announcement that has the following sentence in it, "remember, we have the best franchise, capabilities, and customer base in the industry" confirms that the level of mass delusion is unfixable, and that the website will most certainly be the first to go once the bank's $1 trillion in deposits realize they are the first line of defense to just a few extra trillion in derivative contracts.

Forget The NYSE Shorts, And Be Very Afraid Of The Resumption In Bearish EUR Sentiment (And Squeeze)

RANsquawk Weekly Wrap - Stocks, Bonds, FX 21/10/11

French Regulator Urges Banks To Write Down Greek Debt To Realistic Levels

Berlusconi Screws Over The Wrong Person: ECB Shake Up Imminent Following Big French-Italian Relations SNAFU?

Ron Paul: "Blame The Fed For The Financial Crisis"

German Budget Committee Caps EFSF Guarantees At 211 Billion

 

The Truth Behind Europe's (1.7 Trillion) "Triangle Of Terror"

 

 

 

 

 

 

The Coming Derivatives Crisis That Could Destroy The Entire Global Financial System Posted by: ilene Post date: 10/21/2011 It's only a matter of time. 

 


Train Reading: Weekend Worriers The Wall Street Journal  By Mark Gongloff

A European credit crunch looms FT Alphaville

The unintentional comedy of European policy makers Economist

Should investors be worried about their ETFs? Reuters

Six-figure salaries, but homeless CNN/Money

Why prophets of doom like Harold Camping return eternally The Atlantic

Real-life Inception Army tries to counteract soldiers nightmares with digital dreams Wired

Living fossil plants are actually evolutionary comeback kids Discover

Actors we hate in movies we love AV Club

 

 

 

Why Peter Schiff and Arthur Laffer Are Wrong about Herman Cain’s 9-9-9 Tax Plan EconomicPolicyJournal.com | It is difficult to understand how Schiff can say anything positive about Cain’s tricks to con the masses.


 

Alec Baldwin at OWS: Capitalism Worthwhile, Not Sure on Ending the Fed We Are Change | Alec Baldwin showed up Tuesday night at Occupy Wall Street.

 

 

 

Herman Cain’s Hidden Nine Peter Schiff | Cain’s plan has deep flaws, the most glaring of which is its creation of a hidden payroll tax which represents a fourth “nine.”


 

 

 

 

(10-21-11)    Dow  11,808  +267   Nasdaq  2,637  +38   S&P 500  1,238  +22   [CLOSE- OIL $87.39 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $3.65  (reg. gas in LAND OF FRUITS AND NUTS  $3.94 REG./ $4.04 MID-GRADE/$4.14 PREM./ $4.22  DIESELL) /  GOLD $1,641  (+24% for year 2009) / SILVER $31.33 (+47% for year 2009) PLATINUM $1,510 (+56% for year 2009)  Metal News for the Day  / DOLLAR= .71 EURO, 76 YEN, .62 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 2.23%      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! 

 

 

 

 

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.

 



 America must manage its decline   http://www.ft.com/cms/s/0/0c73f10e-f8aa-11e0-ad8f-00144feab49a.html#axzz1bJWdBAUG   By Gideon Rachman  October 17, 2011 Recently I met a retired British diplomat who claimed with some pride that he was the man who had invented the phrase, the management of decline, to describe the central task of British foreign policy after 1945. I got criticised, he said, but I think it was an accurate description of our task and I think we did it pretty well.No modern American diplomat let alone politician could ever risk making a similar statement. That is a shame. If America were able openly to acknowledge that its global power is in decline, it would be much easier to have a rational debate about what to do about it. Denial is not a strategy…’

 

 

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, its 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 Feds dual employment and price mandate, the economists wrote.[source] PG View: [Talk about self-serving disingenuity that along with their frauds, goldmans 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 HFTs. (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, its 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%? Posted by: George Washington Post date: 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! Posted by : Reggie Middleton Post date: 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 years 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 states 20th failure of the year. State Bank and Trust Co. of Macon, Ga., will assume all of Piedmonts 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.

 

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. The interim high of 8.0 was set in the week ending on April 15. The latest reading, data through October 7, is -9.6, down from the previous weeks -8.7.

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 …’

 

 

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.

 

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.

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.

Were 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 theres more downside in equities, Mr. Applegate said.

After a strong start to the year, U.S. stocks wavered in the summer as Europes 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, didnt 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. Applegates 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 doesnt rule out a comprehensive plan to prevent a European banking crisis, but he worries that Europes 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 theyre heading into recession anyway, he said. The European economy wasnt exactly robust to begin with, and its hard to see how its 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.

Were sifting through the evidence all the time, so if it looks like weve got it wrong, well need to change our course, he said.

Mr. Applegate says he isnt bothered by the markets recent 11% run-up.

We have always said that we never try to time the market, and we dont, 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  Posted by: Phoenix Capital... Post date: 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?

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