Business Summary Links By Day
Dave’s Daily: http://www.etfdigest.com ‘PROFIT-TAKING
MONDAY 1-7-13 Stocks were due for a pullback and early debt ceiling lines in the sand
by the combatants stimulated some selling. I’m happy to report ETF Digest 2012 portfolio returns
from 7 model portfolios were 6%, 7%, 15%, 16%, 17%, 20% and 22%. The lowest
returns were from portfolios with the heaviest cash balances. So it’s onward to 2013 with many challenges ahead.There was
little in the way of economic news and earnings season will be much in view as
Alcoa (AA) leads the charge with fourth quarter results. Beginning January 10th the
ECB will be meeting with the focus on eurozone interest rates and Draghi’s pledge to defend the euro (FXE). Further the yen
(FXY) rallied from a 3 week low as investors study what the ECB will do.
Overall the yen is a crowded short trade and some feel there will be some
resistance against newly elected Prime Minister Abe’s stimulus designed to weaken the yen and stimulate growth.
Many believe the overall yen trade target is 90 to the U.S. Dollar (UUP) which
fell Monday.Gold (GLD) continues its battle to find direction even as noted the
dollar was weaker. Commodity prices (DBC) were mixed to flat. Stocks were
broadly lower by less than half a percent.As a consequence of the overall
lackluster action this commentary will be short as we await more action. Volume was quite light once
again on selling. Breadth per the WSJ was mixed to mildly negative overall…’
http://albertpeia.com/totalitarianus.htm
Submitted
by Tyler Durden on 01/07/2013
Earlier
today, Bill Frezza of the Competitive Enterprise Institute and CNBC's Steve
Liesman got into a heated exchange over a recent
Frezza article, based on some of the key points we made in a prior post "A
Record $2 Trillion In Deposits Over Loans - The Fed's Indirect Market Propping
Pathway Exposed" in which, as the title implies, we showed how it was
that the Fed was indirectly intervening in the stock market by way of banks
using excess deposits to chase risky returns and general push the market
higher. We urge readers to spend the few minutes of this clip to familiarize
themselves with Frezza's point which is essentially what Zero Hedge suggested,
and Liesman's objection that "this is something the banks don't do and
can't do." Liesman's naive view, as is to be expected for anyone who
does not understand money creation under a fractional reserve system, was
simple: the Fed does not create reserves to boost bank profits, and thus
shareholder returns, and certainly is not using the fungible cash, which at the
end of the day is what reserves amount to once dispersed among the US banks, to
gun risk assets higher.
Alas,
Steve is very much wrong.
Submitted by Tyler
Durden on 01/07/2013
Bloomberg
is out
after hours with news that was expected by many, but which was yet to be
formalized, until now: namely that following today's flurry of contntious
nomination by Obama, the latest and greatest is about to be unveiled - Jack Lew,
Obama's current chief of staff, is likely days away from being announced as Tim
Geithner's replacement as the new Treasury Secretary of the United States. In
other words, Jack will be the point person whom the people who truly
run the Treasury, the Treasury
Borrowing Advisory Committee, chaired by JPM's Matt Zames (who just happens
to also now run the notorious
JPM Chief Investment Office which uses excess deposits to gamble - yes, you
really can't make this up) and Goldman's Ashok Varadhan, global head of dollar-rate
products and FX trading for North America (recently buying a $16
million pad at 15 CPW) will demand action from.
Submitted
by Tyler Durden on 01/07/2013
As
loathed as we are to say "we told you so," but
we did and sure enough eKathimerini
is reporting this evening that: thanks to the 'voluntary' haircuts the
Greek banks were force-fed via the latest buyback scheme and the political
uncertainty causing non-performing loans (NPLs) to rise (in a magically
unknowable way), they will need significantly more 'capital'
to plug their increasingly leaky boats. The original
Blackrock report from a year did not foresee a rise in NPLs (which Ernst
& Young now estimates stands at 24% of all loans) and the buyback
dramatically reduces the expected profitability of the banks as it removes
critical interest payments that would have been due. Whocouldanode? Well,
plenty of people who did not just buy-in blindly to the promise of future
hockey-stick returns to growth. Expectations are now for the Greek bank
recap to be over EUR30bn.
Submitted by Tyler
Durden on 01/07/2013
A
total of 22 companies, 4% of the S&P 500 market cap, have reported 4Q12
results. Of these, 64% have topped revenue estimates and 68% topped earnings
estimates (considerably lower than average). Aggregate earnings results
have exceeded estimates by 1%, revenues have missed by 0.5%, and blended
margins are down 12bps y/y. As Barclays' Barry Knapp notes, the last
several quarters, earnings seasons have generally been characterized by revenue
misses, earnings beats (but by a shrinking amount), and negative guidance; as a
result, there has been a negative skew to stock prices. In other words, in the
immediate aftermath of the report, earnings beats are marginally
outperforming the market, while misses get hammered, primarily
due to weak forward guidance. The sustainability of earnings growth remains
key given the weak top-line environment and these three self-explanatory
charts should hopefully put some fundamental color around the perspective that earnings
season will be a negative for the market overall.
Submitted
by Tyler Durden on 01/07/2013
As
is clear by this chart, inflation was virtually unheard of until the Creature from Jekyll
Island (the Federal Reserve) took over. However, more importantly,
things didn’t
really start to get bad until the 1970?s right after Nixon took the nation off the
gold standard in 1971. Since that time, America has seen a
period of non-existent real wage growth and a huge gap grow between the
rich and the poor ever since. Nothing like livin’ the debt slave dream!
Submitted
by Tyler Durden on 01/07/2013
S&P
500 futures (ES) ended practically unchanged (though cash was down ~5pts) on
relatively weak volume but decent average trade size - thanks in large part to
the entirely ubiquitous rampathon into the close. A
less-than-8pt range in ES saw the standard larger block sizes come through into
the close as we ramped. Stocks were supported by USD weakness (-0.35%) but
commodities ignored it (as did Treasuries). The front-end of the VIX
term structure was the ramping-weapon choice today once again
collapsing to red as S&P 500 futures were driven up to unchanged (and Friday's
VWAP). The VIX term-structure has is its steepest in over three months and has
steepened its most in 20 months over the past 5 days. HYG (also
levered for a ramp) surged once again (to last week's key VWAP) squeezed this
afternoon as its short-interest reaches record high levels (as
it seems every HY manager is hedging via the ETF since the underlying has
become increasingly illiquid) with some big blocks going through. Rates overall
oscillated in a narrow +/-2bps range today (not exactly the big rotation) as we
suspect, given the chatter of IG issuance this week, that last week's weakness
was more rate-locks and hedging (as we
have seen time after time) than asset rotations. Overall, today was an
equity catch-down day to risk-assets overall.
Submitted
by Tyler Durden on 01/07/2013
In
addition to our recent discussion of the macro-economic
data in the US rolling over, and the epic
proportions of net risk-taking longs, Credit Suisse outlines ten further
indications that equities might be due for a 'consolidation'. Translating from
sell-side research gobbledygook into reality, equity bulls are merely
demonstrating the traditional phases of momentum-inspired euphoria in the face
of ongoing fundamental contraction (not to mention a decline in
consumption and marginal US purchasing power) - and earnings expectations,
US fiscal tightening, and a modest rise in deficit-increasing real bond yields
will not help.
Submitted
by Tyler Durden on 01/07/2013
The only way to finance a big European-style state is to have it paid
for by massive taxation of everyone, mostly the middle class. Right now, we are avoiding honest debate on this
fact. The central issue of our time is the debate over the size and scope of
government. Two unpleasant but undeniable mathematical truths limit the
feasible policy choices. The first truth is that the current tax rates
cannot support the promises made to middle-class Americans. The second truth is
that you cannot pay for the Life of Julia, or any vision of a cradle-to-grave
welfare state, without massive and increasingly regressive middle-class taxes.
Not only that, it's easy to tax middle-class assets and transactions but soaking
the rich means taxing investments, and problematically, investments are the
lifeblood of economic growth. The choice the country faces is simple.
What we cannot have is the Life of Julia at no additional burden to 99 out of
100 of us. The way to boil the frog of freedom is slowly.
Submitted by Tyler
Durden on 01/07/2013
Today,
to little fanfare, the Fed
announced a major binding settlement with the banks over robosigning and
fraudclosure, which benefited the large banks, impaired the small ones (which
is great: room for even more consolidation, and even more TBest-erTF, which
benefits America's handful of remaining megabanks), and was nothing but one
minor slap on the banking sector's consolidated wrist involving a laughable $3
billion cash payment. As part of the settlement, the US public is expected to
ignore how much money the banks actually made in the primary
and secondary market over the years courtesy of countless Linda Greens and
robosigning abuses. A guess: the "settlement" represents an IRR of
some 10,000% to 100,000% for the settling banks. We are confident once the
details are ironed out, this will be an accurate range. Yet what is most
disturbing, or not at all, depending on one's level of naivete, is the response
of Elijah Cummings, ranking member of the house Committee on Oversight and
Government Reform. As a reminder, Congress had demanded that the settlement not
be announced before there was a hearing on it. This did not even dent the Fed's
plans to proceed with today's 11 am public announcement which can now not be
revoked. It is Cummings' response which shows, yet again, just who is the
true master of the Federal Reserve.
Submitted
by Tyler Durden on 01/07/2013
The
epic farce that is the opaque balance sheets of European banks, sovereigns,
NCBs, and the ECB, continues to occur under our very eyes. Only when one sniffs
below the headlines is the truth exposed with no
apology or recognition of 'cheating' anywhere. To wit, following November's
farcical over-payment on collateral by the ECB to Spanish banks (that was
quietly brushed under the carpet by Draghi et al.), Germany's Die Welt am Sonntag has found that the Bank
of France overpaid up to EUR550mm ($720mm) on its short-term paper financing to
six French and Italian banks. The reason - incorrect evaluation of the
crappy collateral (i.e. the NCB not taking a big enough haircut for risk purposes)
on 113 separate occasions. The problem lies in the increasingly poor
quality of collateral the CBs are willing to accept (and the illiquidity
of the underlying markets) - as higher quality collateral disappears; which
leaves the central bankers clearly out of depth when it comes to 'risk
management', no matter how many times Draghi tells us this week.
Submitted
by Tyler Durden on 01/07/2013
More
than half a decade has passed since the recession that
triggered the financial panic and the Great Recession, but the condition of the
world continues to be summed up by what The
Spectator's Michael Lind calls ‘turboparalysis’ - a prolonged condition of furious motion without
movement in any particular direction, a situation in which the engine
roars and the wheels spin but the vehicle refuses to move. By now one might
have expected the emergence of innovative and taboo-breaking schools of thought
seeking to account for and respond to the global crisis. But to date there is
no insurgent political and intellectual left, nor a new right, for that matter.
Why has a global calamity produced so little political change and, at the
same time, so little rethinking? Part of the answer, has to do with the
collapse of the two-way transmission belt that linked the public to the
political elite. But there is a deeper, structural reason for the
persistence of turboparalysis. And that has to do with the power and
wealth that incumbent elites accumulated during the decades of the global
bubble economy. But it is coming...
Submitted by Tyler
Durden on 01/07/2013
Listening
to talking heads and certainly to various retail associations, US consumer
spending in December was lackluster driven by such traditional scapegoats as
"lack of confidence ahead of the Fiscal Cliff", lack of clarity on
taxation, fears about what the market may do, etc. And while retailers
certainly did report a very mixed sales report for both November and December,
it certainly was not due to lack of spending, at least not according to Gallup.
Curiously, and rather inexplicably, the polling organization found that in
December the average self-reported daily spending in stores, online, and in
restaurants rose by a whopping $10 to $83. This was the highest monthly
figure Gallup has reported since December 2008. It is also the first reading
above the $80 mark since the 2008-2009 recession. But how is that
possible? Wasn't the strawman that nobody would spend due to fiscal and tax
uncertainty? Apparently not, and this unleashes merely the latest episode of
baffle with BS, where data from one source contradicts directly what has been
reported from other aggregators of spending data.
Submitted
by Tyler Durden on 01/07/2013
From a week after the election, the most-shorted
names in the major indices have been the massive outperformers and drivers
of this market exuberance (+16.4% versus 8.4% market). That story has not stopped as 2013 has seen the
squeeze continue as the year-end
strategy of piling into the most-shorted names has worked. From the opening
levels on January 2nd (with today seeing even more divergence), the
most-shorted Russell 2000 names are dramatically outperforming. It would
appear, as Bloomberg
notes in its recent article on 2012's most-hated companies' outperformance,
that "It's not just hard to be short, it is painful." Of course, they
also note one manager's view that "The risk is that if this market
rally has been based on short covering and that was all it was, then there’s no further
money following, the rally
is then either dead or not sustainable." Especially with net spec longs at near-record highs, this has
unsustainability written all over it.
Submitted
by Tyler Durden on 01/07/2013
The
chapter on robosigning, i.e., Fraudclosure, is now closed with a $10 billion
wristslap on US banks, of which a whopping $3.3 billion in the form of direct
cash and $5.2 billion in "other assistance." The banks who are now
absolved from any and all Linda Green transgressions in the past include:
Aurora, Bank of America, Citibank, JPMorgan Chase, MetLife Bank, PNC,
Sovereign, SunTrust, U.S. Bank, and Wells Fargo. And so, banks can resume to
resell properties with mortgages on which the original lien may or may not have
been lost in the sands of time.
Submitted
by Tyler Durden on 01/07/2013
In
economies dependent on ever-rising consumption, austerity had a negative
connotation even before its politically charged meaning commandeered the public
debate. When the entire Status Quo depends on discretionary consumption
not just for "growth" but for its survival, austerity is welcomed
with approximately the same enthusiasm Superman reserves for Kryptonite. This
is of course a contradiction: an economy based not just on consumption of all net
income but debt-based consumption is an economy devoid of savings, i.e. capital
to invest in productive assets. An economy without capital is lacking a key
component of classic capitalism. The loss of resilience and cost sensitivity
has consequences. We have created an economy with an extremely high
cost-basis, and as a result it is brittle, fragile and vulnerable to even
modest "austerity."
Submitted
by Tyler Durden on 01/07/2013
Fannie
was already in the news this morning courtesy of the $10 billion settlement
announced between the GSE and Bank of America. Let's make it two in a row
courtesy of the firm's monthly housing survey in which one aspect, the ongoing
expectation that home prices will continue to rise driven by the recent
momentum, should come as no surprise: there is always hope that this dead cat
bounce is different and unlike the previous three, and will result in something
substantial. It won't, once all those millions of properties held on bank books
and generating zero cash flow (remember: BAC's 6+ month delinquent mortgages now
amount to a whopping $64 billion) are unleashed on the market once the
subsidized housing price is perceived as sufficient by most as a new, and
satisfactory, clearing price. What was surprising was the consumer outlook on
the economy and personal finances, which was diametrically opposite, and in
fact those who expect that their personal financial situation will get worse in
the next 12 months rose to the highest since August 2011.
Submitted
by RANSquawk Video on 01/07/2013
Submitted
by Tyler Durden on 01/07/2013
As
had been widely expected, days before a National Mortgage/Foreclosure
settlement is formally announced, the most exposed banks have started tying up
the loose ends with the other nationalized entities. Sure enough, moments ago
Bank of America just announced a $10 billion settlement with one of the GSEs -
Fannie, whose
CEO Tim Mayopoulous was BofA's former General Counsel and one of the people
scapegoated by Ken Lewis. As
just reported, as part of the agreement to settle representations and warranties
claims, Bank of America will make a cash payment to Fannie Mae of $3.6 billion
and also repurchase for $6.75 billion certain residential mortgage loans sold
to Fannie Mae, which Bank of America has valued at less than the purchase
price. These actions are expected to be covered by existing reserves and
an additional $2.5 billion (pretax) in representations and warranties provision
recorded in the fourth quarter of 2012. Bank of America also agreed to
make a cash payment to Fannie Mae to settle substantially all of Fannie Mae’s outstanding and future
claims for compensatory fees arising out of past foreclosure delays. This
payment is expected to be covered by existing reserves and an additional
provision of $260 million (pretax) recorded in the fourth quarter of 2012.
Bottom line: hit to Q4 pretax earnings will be $2.7 billion. Yet, as BAC notes,
despite the settlement, "Bank of America expects earnings per share to be
modestly positive for the fourth quarter of 2012." Which means prepare for
one whopper of a loan-loss reserve release for the quarter as more
"earnings" are nothing but bookkeeping gimmicks.
Submitted
by Tyler Durden on 01/07/2013
AP Business
Highlights
...Yahoo Market
Update…
It’s
Not a “Fiscal Cliff” … It’s the Descent Into Lawlessness
Posted by: George Washington
It’s Not a Tax or
Spending Problem … It’s a Devolution Into Lawlessness
http://albertpeia.com/americasdescentintolawlessness.htm
{ That’s certainly been
my direct experience; and I’ve been warning and ‘yelling from the rooftops’.
Nobody listened! Now it’s time to pay the piper! : Chief Justice John Roberts
Bowed To Political Pressure And Changed His Vote On Obamacare http://albertpeia.com/nolegalsystem.htm { The unfortunate reality is what I’ve
alluded to in the context of my own direct experience; viz., america’s ‘legal
system’ is an illegal system used to cover-up crimes, arbitrarily enforce laws
to apply pressure, etc., and essentially run by the inmates of this collective
criminal entity called america: http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
http://albertpeia.com/fbimartinezcongallard.htm … }
Opinion: Congress,
president have insatiable need to spend STLtoday.com { Yes!
This is why, along with the pervasive corruption and defacto bankruptcy of the
nation, term limits across the board are necessary, and without exceptions.
After all, in the immortal (campaign slogan) words of dick (nixon), ‘experience counts’! Indeed it does! For good or
ill, and nobody can deny the nation’s very ill. Term limits would eliminate the
perceived and in fact need to refrain from enforcing laws against huge
fraudsters/campaign bribers/contributors. Moreover,’pork’ would give way to
leaner cuts/spending more rationally based. By every rational criterion,
congress will have to work for their pay consistent with their promises; and,
not get to comfortable just ‘being there’ and all that that unfortunately
entails. I’ve seen the lack of
resolve/courage/principle/competence first-hand: http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
http://albertpeia.com/fbimartinezcongallard.htm }
http://albertpeia.com/middleclasswipeout.htm
http://albertpeia.com/economiccollapseblogpredicitionsfor2013.htm
http://albertpeia.com/whyamericacrazier.htm
Submitted
by Tyler Durden on 01/02/2013 { The bigger, fatter,
more rotund question everyone’s asking is, will they ever be able to put humpty
dumpty back together again? The newyork/jersey/conn tristate national drains (huge
wall street frauds, organized crime, and all etc.) feel slighted; yet, how can
you miss him? I’ve been waiting far longer for resolution to the corrupted
process regarding funds due and owing to me from primarily the corrupt tristate
region, the beltway’s no.virginia, and banana republic extraordinaire (the
entire nation’s become one, but caleefornia takes the cake) california. http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
http://albertpeia.com/fbimartinezcongallard.htm } Earlier today, in what can only be summarized as an
epic meltdown, NJ governor Chris Christie proceeded with an even more epic rant
against House speaker John Boehner, in narrow terms, and House Republicans in
broader, for killing the $60 billion Sandy Assistance bill, whose funding would
have offset one full year of the just legislated tax hikes on the rich which
would add $62 billion annually to the Treasury (or alternatively would have
been unfundable for the next 2 months while the US struggles to pay its
mandatory bills courtesy of having breached the debt ceiling). Alternatively,
all Americans could just agree to accept less welfare and entitlement benefits
to show their solidarity for New Jersey and fund the recovery of the Tristate
area by a "shared sacrifice" instead of going the
default route and demanding even more deficit spending - something that would
naturally saddle the next generation with even more pain, not the current, far
more entitled one - but in this country that is an absolutely ludicrous
proposition. Below is a clip of the entire Christie performance which is a must
see for sheer indignation entertainment value alone.
http://albertpeia.com/118732645-Cembalest-Outlook-2013-the-Odyssey.pdf
Fiscal cliff, my ass! Come
on! Wake up! There’s no real recovery, except, ie., for the huge frauds on wall
street (as they cash out worthless paper for bucks/hard assets and
churn-and-earn at lightning/computerized algo program speed) which continue
unprosecuted and unabated and at everyone else’s expense! Everybody’s paying
for the wall street QE/frauds/froth! Huge unaffordable debt increases to mask
the obama failure. Threats by the niggers to step up their already substantial
violence against whites and riot if no obama ‘re-election’ … that’s terrorism!
Unprecedented domestic terrorism! Then the widespread, documented voter fraud
favoring obama … not a peep from the ‘status-quo, don’t rock the boat, happy to
be there’ republicans. Why bail out wobama? Nothing will be solved by
satisficing here! This last minute cramdown is what they’ve opted for by
unreasonable, unaffordable, politically motivated intransigence! The nation’s
broke! The niggers are pulling down their unaffordable freebies like never
before. The extended unemployment benefits are so rich, who’d ever want to
work? Time to say no to the niggers! A bit of intestinal fortitude required!
F**k wobama, and f**k the niggers and their self-loathing buddies! Selective,
rationally strategic ‘undoing’ of various ‘fiscal cliff’ unpleasantries can be
undone after the fact of the ‘obama 4 years in the making failure’ with sound,
rational thought consonant with reality. F**k wobama, f**k the niggers and
their self-loathing buddies! Want to blame someone, blame wobama the
unequivocal failure. Time to call a spade a spade! Time to pay the piper!
Pay Raise for Biden, Members
of Congress, Federal Workers... { As I’ve previously stated, nothing
succeeds quite like failure in pervasively corrupt, defacto bankrupt america! }
Under wobama, for every $7 brought
in by gov't, $11 spent...
The Real Obama Budget Deficit
For 2011: 5 Trillion Dollars
http://albertpeia.com/2011realobamabudgetdeficit5trillion.htm
(Related: 34 Shocking Facts About U.S.
Debt That Should Set America On Fire With Anger http://albertpeia.com/34shockingfactsofusdebt.htm ) America’s debt woe is worse
than Greece’s News (CNN) — ‘Our government is
utterly broke. There are signs everywhere one looks…The government’s total
indebtedness is $211 trillion’ … )
Spending to Increase 55%
Under Obama's Plan...
Gov't announces GM 'exit
strategy' ... taxpayers to lose billions!
50% Loss!
Obama:
Biggest mistake too much perspiration, not enough inspiration [What total b***s***!] { Biggest mistake:
too much b***s***, not enough substance; that’s reality, not spin! } White House on weak jobs
report: Don’t ‘read too much’ into it Olivier
Knox, Yahoo! News {
Riiiiight! Sounds like a plan! After all, wobama’s gotten’ by on b***s*** and
‘special consideration’ alone, never having done anything of substance in his
entire life. Indeed, even his so-called ‘auto-biographies’ are works of what
appear to be ‘choom-gang’ induced fantasies which reveal a
psychogenic/dissociative amnesia that works well in the continuing ‘narrative’
devoid of fact on his ‘more b*** s*** campaign trail’ littered with the cowpies
of stark reality. People owe themselves and their children more than this
grifter’s con which in numbers measures more than the increased deficits of all
the presidents since President General Eisenhower combined to obfuscate his
unequivocal failure. http://albertpeia.com/10waysobamakillingjobsinamerica.htm
} Obama Asks People Getting Married To
Forgo Gifts...
Donate To His Campaign Instead...
[ Wobama is so pathetic! Sure, sacrifice for the grifter wobamas so they can
continue livin’ large on the taxpayer dime while accomplishing nothing except
greater public debt to hide his failure. This from the record holder for
fundraisers, 151 and counting. Then there’s the 100 plus rounds of golf in
addition to being famously over-vacationed while in office. It’s laughable to
hear him blame congress for his lack of accomplishments when the reality is
that he ‘really wasn’t there’ for any of it. For wobama the presidency is just
endless debate, rhetoric, campaigning, vacationing, soundbites from the teleprompted
speeches, jive-talk, b***s***, and ‘choom fantasy’. He’s a total fraud and
failure and anyone who buys into election-year desperation / promises, etc., is
just a fool of the worst kind! … For those who put their trust in proven
failure wobama, all they have to show for such misplaced trust are broken
campaign promises, now insurmountable record deficit spending exceeding all the
presidents since Eisenhower combined to obfuscate what clearly has been
wobama’s unequivocal failure. ]
Will accept your birthday or
anniversary gifts, too...
IF IT WAS ONLY
ONE THING ABOUT WOBAMA THAT MAKES HIM SO WRONG. YET, IT’S A MULTITUDE OF
REALITIES; FROM INVARIABLY BROKEN CAMPAIGN PROMISES (Roche 'The worst part of it ...Obama, who vowed change, has done almost nothing to fix any of
it and in fact continues most of the policies that helped get us here in the
first place’ ‘INSIDE JOB’ Ferguson wins Oscar for Documentary on the unprosecuted
massive extant fraud in the (many) TRILLIONS by the frauds on wall street ( and
declares with oscar in hand that not one high level wall street exec has been
prosecuted … despite ‘earning’ billions from the fraud ) Cases against Wall Street lag
despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall Street
accountable for the meltdown. ‘THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
, etc.) , TO VERY REAL BIRTH ISSUES (WHAT PERSON FAILS TO
GET THEIR PLACE OF BIRTH CORRECT – THE FRAUDULENT WOBAMA KIND http://albertpeia.com/wasntbornintheusa.htm http://albertpeia.com/obp.jpg http://albertpeia.com/impeachobama.htm ) , TO THE CURRENT OBFUSCATING
FRAUD, Obama's Five Trillion Dollar
Lie http://albertpeia.com/obamas5trilliondollarlie.htm { the economy is already in depression in real terms when taking into account real
inflation numbers. Financial Crisis Phase II Is
Ahead at Forbes Bert Dohmen ‘ In late
2007, I wrote the book Prelude To Meltdown, predicting the global crisis that occurred the
following year. I now see a similar confluence of events .. “the new
recession has started.”… Over the past 33 years, we have called the start of
every recession..Currently, the GDP deflator is 1.8%, which hardly reflects the
true rise in prices. Therefore, what is counted as “growth,” is actually price
increases. Actual inflation..is now more than 11%. Using that to adjust GDP for
inflation, would show that the economy is now in a very sharp contraction…’ } ,
WOBAMA ET ALS’ DISINGENUOUS ATTACKS AGAINST ROMNEY ON WHAT WAS
PRIZED AND LAUDED AS LEGAL, COMPETENT MANAGEMENT INCREASING SHAREHOLDER WEALTH
(THE TASK OF COMPETENT MANAGEMENT) IN THOSE BLOATED, NON-COMPETITIVE TIMES
CONTRASTED WITH WOBAMA’S UNPRECEDENTED FURTHER BANKRUPTING OF THE NATION AND
INDISPUTABLE FAILURE AS PRESIDENT (Obama's Legacy: A Failed Recovery & Double-Dip Recession Forbes / Mariotti ‘…There will be no significant recovery in the United
States of America while Barack Obama is President. The evidence is
overwhelming: everything Obama has tried to fuel a recovery (with his
Democratic allies in Congress) has failed. Statistics claiming jobs saved
by the stimulus package were mostly fiction, and cost American taxpayers about
$275,000 each. Nearly 2-1/2 million fewer Americans have jobs than before
the stimulus. Barack Obama has been President for 30 months—2-1/2 years. He
spent the first year obsessed with passing Obamacare, a program that doesn’t
create jobs, but might destroy a lot of them. He “bailed out” GM, but
many believe that his interference didn’t save GM; it merely cost taxpayers an
extra $15-20 billion, and stole from legitimate investors to buy off the UAW.
His broken campaign promises are too numerous to list…’). IT
IS NOTHING SHORT OF TRAGEDY TO SEE PEOPLE DELUDE AND MAKE FOOLS OF THEMSELVES
IN SUPPORT OF JIVE-TALKING GRIFTER/CON-MAN OBAMA
http://albertpeia.com/youmighthateamericaif.htm
The
Fed's Inflation Will Crush Emerging Markets
http://albertpeia.com/fedsinflationtocrushmarketsprofitmargins.htm
http://albertpeia.com/fiscalcliffsceilingsripsyoutoshreds.htm
India reports 25 rapes in week following Delhi
gangrape IBNLive {
See, as per the californication amerikan jurisprudential scholar/jurist/judge,
these 25 girls may not have realized it, but, they really wanted it … you know,
otherwise, as per the californication jurisprudential scholar/jurist/judge
these subconsciously consensual encounters could not have happened because the body
would ‘just say no’ to such liasons if nonconsensual. There you go! … american
jurisprudence has done it again as they guide us through those dark, shadowy,
murky areas of the law that would otherwise label violent criminal rapists as
violent criminal rapists. (We’re
talking India here; but, violent rape among a plethora of other substantial
crimes including murder, huge protected ie., wall street, etc., frauds, armed
robberies, etc., are rampant in pervasively corrupt, defacto bankrupt
america.) India gang-rape
suspects to face murder charges (CBS/AP) NEW DELHI - Indian
police charged six men with murder on Saturday, hours after a woman who was
gang-raped and beaten on a bus in New Delhi nearly two weeks ago died in a
Singapore hospital. { Clearly, says the california-american
jurist/jurisprudential scholar, this girl was not a victim but really ‘wanted
it’ and while she may have been screaming/saying ‘no’, she really meant ‘yes’
since otherwise her body wouldn’t have permitted that rape (and beating) to
happen. See … now that’s why we have professionally educated/trained judges …
to ‘split the pubic hairs’, so to speak … (that judge should be forced to step
down)} Calif. judge
says a victims' bodies can prevent rape CBS News SANTA ANA, Calif. A Southern California
judge is being publicly admonished for saying a rape victim "didn't put up
a fight" during her assault and that if someone doesn't want sexual
intercourse, the body "will not permit that to happen.” { Wow! Spoken like
a true california american jurist. Well, with violent rapes on the rise along
with other serious violent among other crimes in america and california
particularly, and elections being what they are, ‘might as well go with the
flow’ might have been the ratio-decedendi. After all, most violent criminals in
america are closet pacifists/peace corp members and if the body says yes or no
but the mind subconsciously says yes, only then will a rape happen (NOT!); and,
no violent rapist would let a LIVE/CONSCIOUS rape-resistor get in the way of
implicit consensual rape. Wow! I initially was going to quip, ‘he doesn’t get
out much’; but, maybe he just ‘gets out too much’. Wow! What more can anyone
say! [ If the foregoing didn’t make sense to you, that’s because the
californication judge’s outrageous statement is absolutely preposterous! ] }
http://albertpeia.com/16bad2013.htm
http://albertpeia.com/moretakersthanmakers.htm
Submitted
by Tyler Durden on 12/26/2012
On
this lackluster Boxing Day dominated by illiquid moves in every asset class, we
thought a few succinct minutes spent comprehending the US and European
government policies of social welfare and their outcomes was time well spent.
Canadian MP Pierre Poilievre delivers a rather epic speech destroying the myths
of US and European 'wealth' noting that "Once the US citizen is in debt,
the US government encourages them to stay in debt,"
noting that "the US government encouraged millions of Americans to spend
money they did not have on homes they could not afford using loans they could
never repay and then gave them a tax incentive never to repay it." His
message, delivered seamlessly, notes the inordinate rise in the cost of all
this borrowing, adding that "through debt interest alone, soon the US
taxpayer will be funding 100% of the Chinese Military complex." From
Dependence to Debt to the Welfare State and back to Dependence, this
presentation puts incredible context on the false hope so many believe in the
US and Europe. Everyone takes, nobody makes, work doesn't pay,
indulgence doesn't cost, money is free, and money is worthless. Must
watch.
http://albertpeia.com/helicopterbenafraidof2013.htm
http://albertpeia.com/agenda21ramdown.htm
http://albertpeia.com/25factsmainstreammediahides.htm
http://albertpeia.com/americasgoodbyetogoodlife.htm
Better watch out: Insiders are selling Marketwatch
Why isn’t Obama
demanding corporate welfare cuts?
Marketwatch
Why a recession is coming no matter what fiscal-cliff deal is
reached Marketwatch
20 children, 7 others dead in school shooting Marketwatch
{ From the previous day, pre-shooting I posted : Don’t Let Your Child See a Psychiatrist. Jon Rappoport { In light of his
expressed fear, psychologists can’t prescribe medication – though that’s
changed somewhat in some states. Rappoport must realize that some parents,
nuttier than fruitcakes particularly in america, might be the problem. Who then
does the troubled child turn to?} That said, Every human emotion now classified as a mental disorder
in new psychiatric manual DSM-5 Mike Adams { Well, I gotta tell ya … if the shoe fits, wear it …
the reality is that the prevalence of mental disorders/mental illness in
america is so great that reactions as those of mike adams (including shooting
the messenger) are not unexpected; but, must be discounted. After all, insanity
or close to it has indeed become the new normal, shaded/obscured somewhat by
what’s deemed simple inherent criminality which masks the underlying
‘americinsanity’. }
Prepare to pay the piper
Marketwatch
http://albertpeia.com/chinajobsnotcomingback.htm
http://albertpeia.com/15signseconomyworsefor2013.htm
http://albertpeia.com/unemploymentnotgoingdown.htm
Submitted
by Tyler Durden on 12/11/2012
Minutes
before Michigan Governor Snyder signed the 'Right-To-Work' bill into law,
Teamster leader Jimmy Hoffa appeared on CNN,as seen in the clip below,
warning that: "This is just the first round of a battle that's going
to divide this state. We're going to have a civil war,"
as the bill to weaken unions' power is passed.
{ There is an exception
to the hearsay rule known as a dying declaration; the rationale being that a
person would not ‘go to his maker’ with a false statement/declaration to ‘taint
his soul’. Interestingly, I had occasion to know a very intelligent, learned
man who was indeed dying, in a death spiral if you will. A lawyer by
profession, he had taken an interest in another lawyer’s history; none other
than Abraham Lincoln himself. Curiously I thought at the time, though even
then, some decades ago (long before the internet), I realized that you were
never getting the whole, correct, true story from american media, history as
written, etc.. ( I was fortunate in sixth grade to have had a great teacher,
James Bresnahan, who allowed for ‘expansive’/accelerated learning in what he
took the time and trouble to provide as an advanced reading group. Among the
subjects was that knowledge/thinking tainting phenomena known more commonly as
propaganda). After all, a long dead president; and, one who famously suffered
from recurring bouts of severe depression could hardly be the object of, from
my view, intense intellectual interest and scrutiny. Yet, he was fixated on
what he deemed a somewhat surprising revelation; viz., from his intense study,
Abe was not ‘Honest Abe’ but rather, was a thief. I was aware that in fact,
Lincoln found niggers somewhat appalling and initially opposed ending slavery
as well as those who favored same, viz., the abolitionists, etc. (niggers are a
same old old story of lazy, unproductive, inherently very uncivilized criminal
people who are fun-luvin’ for games, partying, and getting high only. Even the incisive Shakespeare
euphemistically referred to the ‘typicality’ of the inherently untrustworthy and
without sense of honor, ‘noir’ [french for black]). The ultimate consummate
politician (as a lawyer, Lincoln famously took a contrary position not long
before saying he thought he then was right but now taking the opposite position
now knew he was right … riiiiight! ‘Honest Abe’), Lincoln ultimately did, in
rallying his ‘stalwarts’, back the abolitionist cause. I personally feel the
people of the south were foolish in bringing vanquished niggers, sold into
slavery by other niggers who vanquished them, to this already now recently
blemished land. Moreover, as today, the niggers (and the abolitionist cause)
had provided fodder for politics of all
sorts, including that of Lincoln. Indeed, even today, spielberg who is famous
for his pro-jewish ‘politicking’/propaganda (even the first Indiana Jones movie
was heavy on the Arab/Nazi transference propaganda) has found a way to make
film-making pay for him and the democratic party by way of the misguided,
inaccurate view of Lincoln as the anti-slavery icon he is speciously depicted
as. Civil war? Hoffa, like his mob-connected, then disconnected (permanently)
father is old news. The truth is that their own done them in (as was so of
hoffa’s father) with NAFTA, etc., as they themselves foolishly laughed at their
real would-be saviors, ie., Ross Perot, etc.. The reality is, there is
literally nothing that can’t be produced better and cheaper and without paying
the shake-down bribe from the teamsters et als for doing absolutely nothing (as
is true with the other niggers, et als, entitlements, etc.), elsewhere.
Twinkies anyone? }
Submitted
by Tyler Durden on 12/04/2012
Eleven
states made Forbes'
list of danger spots for investors including California, New York,
Illinois, and Ohio. They warned (and with the cliff it is even more
critical), if you have muni bonds in these states - clean up your
portfolio; if your career takes you there - rent, don't buy! Two factors
determine their list of 'fiscal hellholes'. The first is whether there are more
takers (someone who draws money from the government) than makers (the gainfully
employed). The second is a state
credit-worthiness score (via Conning) based on large debts, uncompetitive
business climates, weak home prices, and bad trends in employment. Conning
rates North Dakota the safest state to lend money to, Connecticut the most
hazardous. A state qualifies for the Forbes' death spiral list if its
taker/maker ratio exceeds 1.0 and it resides in the bottom half of Conning’s ranking. See below for the 11 states to avoid...no matter
what Bob Toll, Larry Yun, Bob Pisani, or Alexandra Lebenthal tells you..
Between 2010 and 2011, New Jersey’s GDP contracted by 0.5% — more than all but three states. The state’s median household income and poverty rate both ranked third in the nation. On the other hand, the state’s tax burden on its residents was second highest in the U.S. in 2010. Residents paid 12.4% of their income in state and local taxes — higher than any other state except neighboring New York. The state has budget problems, as well, according to the 24/7 Wall St. analysis. New Jersey’s debt as a percentage of revenue was 91.6%, the fifth-highest of all states.
Submitted
by Tyler Durden on 12/06/2012
Just
a few months back we noted the
FBI's arrest of Tony Mack, the Mayor of New Jersey's salubrious capital
Trenton. Today, via AP, the mayor and his brother have been indicted on eight
counts of extortion, bribery, and mail and wire fraud. The Mayor has continued
in his position - even since the September arrest - but the federal
indictment relates to an alleged scheme to accept $119,000 in bribes in
exchange for his influence in the development of a garage on city-owned land.
Shocked? not so much; but it seems maybe "Trenton Makes, The Mayor
Takes" is more appropriate.
http://albertpeia.com/uncontrolofinternetfreespeech.htm
America's
10 best-run
and
worst-run states Marketwatch
North Dakota (left) is the best-run state,
according to 24/7 Wall St.'s analysis. { Yes, indeed! I can attest to the
worthiness of jersey and california on
the worst-run list. Yet, new york/connecticut with their (ny
predominantly…connecticut is but a suburb of new york in a very ‘go along to
get along’ way … then there’s the other beltway drain, virginia, a d.c. suburb
with all d.c.’s faults.) large scale, nation draining corruption including wall
street frauds/bailouts, etc., should make this relatively short list. }
Israel moves to build 3,000 new homes The plans include
future construction in a strategic area where critics warn would kill hopes for
a viable Palestinian state. { The never ending story courtesy of the war
mongering, illegal nuke-toting, u.n. resolutions/international law scofflaw,
war crimes nation israel. } Brzezinski:
US must stop following Israel “like a stupid mule” Kevin
Barrett | Brzezinski has
drawn an unflattering picture of US-Israel relations. { And that goes for the politicians et als as well. Indeed, while
there may have been (ie., in the past) a time that blind adherence to the
pro-israeli line was a ‘political advantage’, that’s certainly no longer the
case. In fact, for all Romney’s contra-indicated pro-israel babble, wobama’s
jewish vote from the prior election was unchanged while Romney was hurt among
other constituencies fearing a return to the moron bush neo-con/pro-israeli war
mongering mindset. } { The unfortunate
reality is that while rome burns, the ne(r)o cons fiddle with unreasonable
israeli obsessive preoccupations born of paranoia and irrational quest for
control of people who america and clinton herself warrant a separate state by way of the 2 state solution. The fact
is, america’s problems are too large and grave for attention to israeli contrived,
self-interested concerns. The reality is that pervasively corrupt, defacto
bankrupt america has neither the time nor the resources to self-destructively
‘dance the tarantela’ with israel. }
http://theeconomiccollapseblog.com
http://albertpeia.com/34signsamericaindecline.htm
Drudgereport:
PRAVDA:
Obama 're-elected by illiterate society'... { Or ill something or other
in addition to illiterate! To reiterate and quote Ron Paul: america’s far
gone! http://albertpeia.com/obamberthemistake.htm }
UN
EYES CONTROL OF INTERNET {
Come on! The un can’t even do what they are supposed to do! Enforce resolutions
as to some nations, not others … war crimes delineated for some nations, not
others … then the corruption, wasted resources, etc.. They are the ‘uncompetent’ bent on destroying/controlling the
viability of the important free flow of information! }
‘This
is going to be a very special holiday season. The reason? It’s the last hurrah before
things get very very ugly.
Just off the cuff, you need to
know that:
1) China, the EU, and the US
(comprising over 50% of Global GDP) are in recession already. The EU has
already announced this. Look for the formal announcements concerning the US and
China to hit the airwaves next year.
2) Some data points
concerning these nations indicate that this recession will be on par with that
of 2007-2008.
A rising tide raises all ships.
Similarly, a sinking tide lowers everything. Bear this in mind as a global
economic contraction will have severe implications for everything.
Beyond the global economy, we now face
sovereign and banking crises in Europe…’
http://albertpeia.com/dominationcontrolgrid.htm
{ First and foremost clarification:
There are no elite on this planet. The grim reality for this planet is a
dominant species descended from initially notochords, primitive chordates, and
relatively more recently, primitive apes.
See generally, http://albertpeia.com/anthroindex1.htm , for a brief but sorrowful history of man. }
Hostess gets court approval to liquidate Marketwatch
{ Alas, adieu sweet hostess. As a kid (as an adult as well but can’t
afford those calories and haven’t had them in years), truth be told, though I
liked twinkies with milk, preferably chocolate milk, I invariably opted for the
cream-filled chocolate cake, chocolate iced (with the squiggle on top) hostess
cupcakes; with plain milk, of course. The ‘golden-goose-killers’ strike again!
}
FACEBOOK RESPONSE:
Bob: I'm 100% behind law enforcement in their ever
more increasingly difficult task of law enforcement, in this ever more lawless
nation, particularly in meaningfully lawless new jersey. Unfortunately, when I
went to vote, I was asked to grant facebook broad 'authority' which as a matter
of internet policy (to prevent a multitude of problems, hacking, etc.) I don't
do (facebook's very politicized in a pro-wobama way and hooked into those
goldman frauds et als, on fraudulent wall street). Since wobama people do it,
you can put in an extra vote on my behalf. I'm currently stonewalled awaiting a
formal reply from the fbi inasmuch as I must account for my time wherever I
ultimately locate. Below is some recent posted commentary and a response to
Congresswoman Roybal-Allard as per her request (I did not receive a reply from
Sen. Feinstein regarding the aforesaid matters). Hope you and your family are
well.
Regards,
Al
Dianne Feinstein: No need to
debate Republican opponent... { Riiiight! Things are going so
swimmingly (as in drowning) for the nation and california particularly.
Actually, I responded to a ‘generic’ email / facebook request from her with my
subsequent request that she help to elicit a formal response from the FBI as
promised regarding the RICO matters (the other incompetent, failed perrenial
senator barbara boxer actually had ‘made her presence known’ in the corrupted
process regarding usdcj matz/lester and the default of the u.s. which missed
the filing date which error was compounded by the misstatement of the rule in
court on the record by asst. us attorney robert i. lester); but, no response...
http://albertpeia.com/selfdefense.htm [ One thing is certain from my own direct
experience { The unfortunate
reality is what I’ve alluded to in the context of my own direct experience;
viz., america’s ‘legal system’ is an illegal system used to cover-up crimes,
arbitrarily enforce laws to apply pressure, etc., and essentially run by the
inmates of this collective criminal entity called america: http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
http://albertpeia.com/fbimartinezcongallard.htm } ; despite enormous amounts of taxpayer money
poured into the ‘federal system’, there’s relatively/proportionately very
little real significant results (an example would be the brutalizing of Martha
Stewart over a $45 thousand transaction while wall street frauds in the
trillions by the biggest players have gone unprosecuted). I believe reasonable
diligence requires self-reliance more than ever before in this nation’s
history; particularly when political correctness in some states prevents
calling a spade a spade to the substantial detriment of law enforcement! ]
11-5-11 Dear Congresswoman Roybal-Allard:
The Keynesian (economic) approach, if ever a wise prescription for ‘economic doldrums’, euphemistically speaking (there are articles/studies/data that dispute the purported effectiveness of the widely hailed ‘Keynesian remedy’ during the prior great depression), the ‘Keynesian way’ is certainly no longer a prudent approach today in light of the insurmountable debt levels of nations worldwide and in america particularly along with the concomitant over-printed, debased ‘paper currencies’ to finance same. Quite simply, there simply is not enough real value being created for redistribution, a situation exacerbated by the parasitic lightening fast, computerized churn and earn high frequency trading programs on fraudulent wall street (they should be prosecuted, jailed, fined, and disgorgement imposed for extant frauds in the trillions now marked to anything as per misguided legislated FASB rule change). [ America’s debt woe is worse than Greece’s News (CNN) — ‘Our government is utterly broke …The government’s total indebtedness is $211 trillion’. 43,454,601,693,238 Reasons Why The World Is Broke – Presenting The Interactive Global Debt Clock Zero Hedge October 17, 2011 http://www.economist.com/content/global_debt_clock ] .This is the consequence of a structural shift fed by greed and misguided policy and cannot be undone (transfer of productive capacity to ie., China, etc., ‘the bell cannot be unrung’). That said which militates against such an extension, this is an election year which probabilities suggest makes highly likely the passage of the extension. I favor your co-sponsored legislation and before the holidays simply in the name and spirit of Christmas and for no other reason whatsoever. Below is a recent comment to Opinion Writer Krauthammer’s ‘more war spending (Keynesian) position’ and an article regarding the folly of same. Immediately following is from my prior post to you concerning something of such manageable proportion and well within the government’s ability to resolve (if the government can’t accomplish this consistent with law and long overdue, then there isn’t anything the government can accomplish), along with other comments to you for ease of reference:
‘…As previously noted in a prior message to you, I had previously spoken to FBI Agent Bill Lewis in Washington who was recently promoted to the FBI Headquarters Office (D.C.) from the FBI office here in LA, and who was to be out of the office for the two weeks past. I’ll be contacting him given a reasonable time for him to ‘catch up’, from being out of the office. While independent contractor richard coan is ultimately the one to bear the burden of damages (there’s insurance and a surety covering same), coan might allude to the prior default of the u.s. government (assist. u.s. atty. robert i. lester miscounted / miscalculated the time for filing an answer / response to the complaint upon service thereof, also misstating the rule in open court before corrupt judge matz who ‘schmoozed’ things over (they both have the same employer), however incorrectly according to the ‘law’. I ordered / bought a copy of the transcript of that rather pathetic proceeding (posted in part on my website). In any event, regardless who pays me, the amounts so paid would ultimately be recovered from coan, his insurer/surety which amounts might even exceed the amount I’m willing to settle at. [There is also a judgment (referenced in the correspondence to FBI ADIC Martinez infra) that had been entered in my favor in the case, United States District Court Case #3:93cv02065(AWT)(USDCJ Alvin Thompson), worth approximately now in excess of $300,000 remains unaccounted for and which would benefit Los Angeles, etc.; and then, of course as well, the substantial damages. ] I’ve waited far too long for this matter to resolve, what should have been resolved in accordance with clear law long ago; and, which would have been resolved if not for typical u.s. corruption in the process; and, which is well within the government’s ability to resolve. In my world and way of thinking, results do count! I’ve included prior correspondence for ease of reference…’
Sincerely,
Albert L. Peia
America also leads in the illegal drug trade. In fact, many researchers reveal that the war on drugs is only utilized to control and monopolize the illicit drug trade. The US government has been caught multiple times shipping in cocaine [ http://www.youtube.com/watch?v=bQvbdiWgwsA , http://www.youtube.com/watch?v=UQNSoOX-dcw&feature=related , http://www.youtube.com/watch?v=gG1Id2qpSOE&feature=related , http://www.youtube.com/watch?v=tIEUhpxeuP4&feature=related , http://www.youtube.com/watch?v=DyM43Sw2OVc&feature=related ] , colluding with certain cartels [ http://www.americanthinker.com/blog/2011/08/does_mexican_drug_cartel_have_deal_with_us_government.html ] to control the industry, and now openly protects and transports opium from Afghanistan [ http://www.youtube.com/watch?v=ElEciFI0Pew ] . In fact, Global Research points out that in 2001, “according to UN figures, opium production had fallen to 185 tons. Immediately following the October 2001 US led invasion, production increased dramatically, regaining its historical levels.” This month, the U.N. announced that Afghanistan now provides 93% of the world’s opium production [ http://www.nytimes.com/2011/10/12/world/asia/un-reports-sharp-rise-in-opium-production-in-afghanistan.html?_r=2&ref=world ] ; up 61% compared to 2010 to a whopping 5800 tons. Although the empire tries to keep it secret, they can’t hide the hypocrisy forever. [ website archived links http://albertpeia.com/uscocainedistributionfiles.htm
Drug war hypocrisy: drug trafficking’s
big money benefits Big Brother and corrupt banksters PF Louis | The hypocrisy of the war on drugs is centers on
the amount of drug trafficking that benefits the CIA and international banking
system. Natural News February 1, 2012 [ [ http://albertpeia.com/americangovernmentdrugtrafficking.htm http://albertpeia.com/americascorruptiondrugtrade.htm http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm
http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm ] ‘The hypocrisy of the war on drugs is outrageous when
compared to the amount of drug trafficking that benefits the CIA and
international banking system. The son of a convicted notorious mobster, John
Gotti Jr, when asked in court if the family still dealt drugs cracked, “No, we
can’t compete with the government.”
Guest Post: The West Has Just
Become A Giant Banana Republic
ZeroHedge.com by Tyler Durden { Yeah! This really is too true for words!
It’s been my direct experience
for quite some time now and is quite a pathetic scenario! } Legal precedent means nothing. Rule of law means
nothing. Free speech means nothing. Their own treaties mean nothing. It’s
unbelievable. Anyone in the west who honestly thinks he’s still living in a
free society is either a fool or completely out of touch. If that seems
too radical an idea, consider that ECUADOR is now the only nation which
stands to defend freedom and human rights against an assault from the
United States, the United Kingdom, and their spineless allies. The west
has just become a giant banana republic. Have you hit your breaking point
yet? If not now… when? { { I’m really constrained to
interject my own direct experience with the FBI here; and, I must say I do so
lamentably. If you want no real results vis-à-vis organized crime which now
extends to the upper reaches, highest levels of the corrupt u.s. government, go
to the FBI. I discounted the new jersey FBI as just typical corrupt, mob
infested jersey which thinks in terms of discos/casinos. But, truth be told,
they never ask the ‘tough’ questions of the biggest criminals; ie., the biggest
wall street frauds, cia connected illegal ‘drug ops’ (ops…riiiiight), federal judges ie., trump barry, shiff,
alito, etc.; but, they did go after Martha Stewart in a very big way over a
$45,000 transaction. Wow! You can’t make this stuff up. I also don’t believe their
(understated) crime stats for even a second. I’m beginning to feel
foolish for having even put my full faith and trust in them, much less the ‘federal (judicial) system’ who share the ‘same employer’; and, despite my
antipathy for the mob, probably would have fared ‘more fairly’ with the mobsters
directly who seem to have at least some sense of the magnitude of the fraud
involved and the pervasive corruption of the system and government and maybe a
semblance of honor in this nation of protracted decline. It never would have
occurred to me back when for me, such a choice/decision was clear-cut and
simple. Such a course as mine I no longer could recommend inasmuch as there is
little difference between state/government sponsored crime/corruption and that
perpetrated by other criminal elements, from my direct experience with both,
infra: Debauchery: An American
specialty In the land of
Lindsay Lohan and Snooki, some federal workers reflect our culture all too
well. (Washington Post) [ Lindsay Lohan? Come on Mr. Milbank, hands off the low
hanging fruit. She’s totally harmless. Jersey ‘italian’ snooki? In mob infested
new jersey, who knows (one of the properties in my proceedings for which
surplus funds are unaccounted for was a top floor balconied 2 bedroom 1 and 1/2
bath condominium (beach/boardwalk front w/indoor pool/sauna) in seaside
heights, n.j. –10-31-12 Post Sandy: I’m wondering if it’s still there. ). But
debauchery an american specialty? Another rare instance wherein I agree with
Mr. Milbank completely. 25 Signs That America Is A
Seething Cesspool Of Filth And Corruption http://albertpeia.com/25signsamericacesspooloffilthcrimeandcorruption.htm . Review of flawed forensics
held close to vest
EXCLUSIVE | Documents and interviews show FBI and Justice Department officials
took steps to control information uncovered by a task force designed to examine
cases involving discredited agents. Many defendants were never notified of
flaws in cases. ‘Simply unconscionable’ (Washington Post) [ Well, I really have to say this.
I’m
awaiting word from the FBI as to resolution, one way or the other, concerning the
RICO matters which have been systematically and corruptly covered up by the
government (executive, legislative, and judicial branches of the pervasively
corrupt, defacto bankrupt u.s. government http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
) . Never in my wildest dreams would I have believed
the level and extent of corruption and criminality within the ranks of the u.s.
government before embarking upon this costly quest for justice and simple
fairness consistent with clear law (infra, regarding the u.s. government’s direct involvement in
the illegal drug trade). In this civil RICO matter, there are no innocent
bystanders; but rather, perpetrators, accomplices, and co-conspirators. When
the fbi agent initially assigned to this matter (Connecticut) abruptly
resigned/retired shortly after a conversation, though not central to my case,
wherein I had said that rudy giuliani’s father had been an (convicted) enforcer for the mob
(served 12 years? in prison, aggravated assault/manslaughter?) and then sent
him documentation owing to his disbelief. Though ultimately ineffectual
vis-à-vis my case, he was a likeable guy for whom I had and still have regard.
I then spoke with FBI Agent Jeff Rasey upon the aforesaid agent’s departure who somewhat
plaintively (‘my
call being a burden’) told me that ‘he was a Ford, and I was a Ferrari’, which he didn’t explain further. Could
anyone tell me what that means? Initially, at new jersey’s FBI office, I was ‘greeted’ by an FBI Agent who
sarcastically asked me whether I was ‘going to the disco that night’ (the documents including
sworn statements delivered to then u.s. attorney sam alito’s office in the same
building disappeared twice along with the initial assistant u.s. attorney
Jonathan Lacey with whom I had reviewed the documentary evidence, documents and
their probative value http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf . We all can infer sam alito’s reward / quid pro quo
for his cover-up by his current position on the u.s. supreme
court. There was never a question as to maryanne trump barry’s interest in corrupting
the judicial process as related to her brother’s (trump) casinos. Jersey
city boy louis freeh, labeled by former Prosecutor Larry Klayman as the most
corrupt FBI director ever (see infra, mueller seems no different, and certainly
holder’s
impeachable actions and corrupt behavior/cover-ups fit the mold, ie., fast and
furious, race bias favoring blacks, etc.) apparently covered up the RICO
violations as sent to him, and, with italian citizenship and lucrative insider
deals fits the bill. The FBI Agent Jeff Hayes of the Long Beach Office with
whom I reviewed the RICO documents and confirmed same as indicative of (drug)
money laundering was transferred shortly after meeting with him, as has been so
of FBI Agent Bill Lewis (promoted to Washington FBI headquarters) with whom I
discussed the RICO matter and case disks/dvd’s sent to the LA FBI
office (they printed the documents thereon, as per Agent Lewis), Steven
Martinez, ADIC, here in Los Angeles (see infra). So, as regards FBI flaws,
coverup, etc., I have to believe it based on my own experience and reasonable
inference. I’m
currently being ‘stonewalled’ by the LA FBI office since the departure of FBI
Agent Bill Lewis.
[ .. (the following incident is my personal experience: black perps, white
victims)' ... while walking through Military Park (a sliver of a 'park' - more
a pedestrian thoroughfare/cement walks) in newark, new jersey on the way to the
bank during lunch hour, I heard the clearly audible screams/cries of what
turned out to be an old lady on the ground with blood streaming from her mouth.
I ran toward the sound of the cries, the source of which I could not see
because there were so many people in and about this thoroughfare so as to block
any vision of the source of the cries. When I came to the woman, on the ground,
blood streaming from her mouth, I asked what happened, to which she responded
she had been hit in the mouth and knocked to the ground, her purse stolen/put
inside her shopping bag, and she pointed out the criminal casually now walking
across the main street. Nobody stopped to help her, many having passed her by.
I slammed the thug to the ground so hard that, in light of all the blood and
confusion (limbic system / adrenalin flow) I thought I had been stabbed (the
blood was from his elbows hitting the pavement so hard - no one helped / a
crowd gathered / an undercover cop happened along). When I testified at the
Grand Jury Proceeding I made sure his threat on my life was set forth in prima
facie fashion so as to maximize the DA's position with both felonies ( he went
to prison - pled out ). The other case I wrote about here ( This was included
on my website in the Psychology forum discussion of 'bystander effect' /
diffusion of responsibility. ) - Having had occasion to have run down a mugger
in newark, n.j. who apparently had followed a girl from the bank on her way to
the bursar to pay tuition, though in pretty good shape, I was astounded by how
totally exhausting such a pursuit was, how much like rubber my arms were when I
traded punches with the perpetrator, and truth be told, if I had a flashlight
on my belt, I have little doubt that I would have probably used it to subdue
the perp (a police officer here in California was the object of intense
criticism for having used a flashlight to subdue a criminal after a long chase
so I included that here) . The girl was not that seriously injured, did get her
pocketbook and tuition back, and the criminal went to jail (where they belong).
The other thing about such a pursuit that amazed me was that no one else
assisted the girl or me despite being in a position to do so. I was also mugged
by 4 blacks and 2 hispanics in an incident here in Los Angeles, CA. But, to be
fair and balanced, the RICO litigation involves those uncivilized who consider
themselves 'whites' http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf
(predominantly but not exclusively jews / romans-italians / mobsters /
government slugs). http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
http://albertpeia.com/fbimartinezcongallard.htm
]
First
Ohio; Next 'The Moon'? Submitted by Tyler
Durden on 11/08/2012 While
markets are digesting the probabilities of a dramatic rise in taxes and cut in
spending as we approach the fiscal cliff, it appears that behind-the-scenes
there has been a secret plan that we can only imagine is designed to
rocket-boost us over the cliff - new manned missions to the moon. As Space.com
reports, NASA is serious about sending astronauts back to the moon's
neighborhood and will likely unveil its ambitious plans soon now that President
Barack Obama has been re-elected, experts say. They go on to comment that
"The space agency has apparently been thinking about
setting up a manned outpost beyond the moon's far side, both to establish a human presence in deep space
and to build momentum toward a planned visit to an asteroid in 2025. The new plans have
probably already been cleared with the Obama Administration but have been kept
under wraps in case Republican candidate Mitt Romney won Tuesday night's (Nov. 6) presidential
election." While the claims are that this will not increase the budget, we
suspect out-of-this-world manned outposts cost a little more than the $17.7bn
budgeted for NASA in 2013... someone is clearly eating space-cakes.
Ironic
really given our earlier post... {
Riiiiight! Sounds like a plan! After all, the new mooney gold and mooney
diamond mines on the mooney moon will pay for themselves and the mission … The reality though is a
new boondoggle to fleece the treasury/taxpayers…
Astronauts' tracks, trash seen in new moon photos
[ The easiest thing in the world to contrive (don’t forget they can with some
precision today send robotics to ie., mars, etc.) and doctor so don’t be taken
in by their fraudulent b***s***! They’re probably desperately looking for some
money / budgetary consideration for their continued boondoggles. No man has
ever set foot on the moon to date. As NASA transitions, U.S.
space politics in a state of flux
(Washington Post) [ U.S. space politics? I didn’t know there was such a
thing. But I, and I’m sure all know that ‘u.s. politics are spaced’. Flux? One
could only hope. I’d say, ‘fleeced’; as in we’ve all been fleeced. Sterner: 5 myths about NASA (Washington Post) [ If you can’t get past
the first myth; viz., that they actually set foot on the moon, the other 5
so-called myths become irrelevant. Indeed, post-Eisenhower, and certainly
post-Kennedy-assassination / coup d’etat, NASA was all military / military
industrial complex (moreover, someone knowledgeable about such matters said
essentially that in explaining to my surprise the transition to the shuttle
program it was said there was greater military application in same). In any
event, Russia’s been doing quite a bit of ‘heavy lifting’ vis-à-vis the space
station, but not inordinately so. All I can say with certainty is that the
universe beyond this solar system is forever protected / insulated. The fact
is, they never set foot on the moon; and, in light of the pervasive corruption
in and defacto bankruptcy of the nation, their perpetual wars toward making a
hell on earth militate against anything but trying to do even just a little bit
better (for a start), terrestrially. NASA wants mission to bring Martian rocks to Earth
(AP) Why? They already have that and more: Launch of secret US space ship
masks even more secret launch of new weapon The Militarization of Outer
Space: The Pentagon’s “Space Warriors” Global
Research
| It’s not as if things aren’t bad enough right here on planet earth. Now the
Defense Department wants to up the stakes with new, destabilizing weapons
systems that will transform low- and high-earth orbit into another
“battlespace.” buzz aldrin wants to colonize Mars … Riiiiight buzzed!
Better check with DePalma to see if he already has the footage in the can since
you won’t be able to use the moon footage for the new boondoggle video ...
OBAMA SPEECH OUTLINES PLANS
FOR RETURNING DEFACTO BANKRUPT U.S. TO SPACE – OOOOOH! SOUNDS LIKE A PLAN … FOR
INNER SPACE (IMAGINATION).
http://albertpeia.com/archives.htm
FBI Nazi
Bikers Bust FBI Nazi Bikers - What's Up At The FBI/DOJ?
Infowars.com | Now is the time to put an end to Obama’s
treasonous and tyrannical behavior.
http://albertpeia.com/impeachobama.htm
Wobama’s
Choom Gang Bangin’ { This brief video (11 mb) is well done and worth a
watch! }
http://www.albertpeia.com/wobamaschoomgangbangin.wmv
PAPER:
Obama's grandfather tortured by the British? A fantasy (like most of the
President's own memoir)... {
http://albertpeia.com/wobamaschoomgangfantasy.htm }
Drudgereport: Obama: 'Sometimes I Forget' Magnitude of Recession…{
Oh! How conveniently forgetful, though the vast majority of americans don’t
have wobama’s luxury of feigned amnesia suffering from what wobama did and
didn’t do contrary to promises last time around the perpetual campaign trail
littered with his typical jive-talking b***s***! The following headline will
help him remember some of his sordid, pot-clouded high school past! }...
FLASHBACK: Obama's Sordid High School Past...
By Ben Shapiro ‘While the Washington Post has been diligently
digging into relatively innocent high school pranks
by Mitt Romney, they’ve spent the last few years diligently ignoring President
Obama’s far more controversial high school days.Obama, by all accounts, was a
habitual drug user in high school. He tried cocaine, he admits in Dreams
From My Father; he “tried drugs enthusiastically.” The Chicago Tribune
reported back in 2007 that Obama thanked the “Choom Gang” in his high school
yearbook; “chooming” was Hawaiian slang for smoking pot. The Honolulu
Advertiser reported that Obama’s senior portrait “prominently displayed …
A package of ‘Zig-Zag’ rolling papers and a matchbook.” One of Obama’s close
friends was arrested for drug possession during high school.In his memoir,
Obama talked about routinely getting high. “Junkie. Pothead,” he wrote. “That’s
where I’d been headed: the final, fatal role of the young would-be black man.”
But, according to Obama, he only got high because he was contemplating deep
matters: drugs could “push questions of who I was out of my mind.” Obama told
students in 2007 that this activity constituted “goofing off” and “wasting
time”:"I will confess to you that I was kind of a goof off in high school
as my mom reminded me," Obama said. "I went to high school in
Cracks
in the Washington Post story on Romney’s ‘pranks’ emerge
Correction
Request: Washington Post Uses Falsehood in Romney Hit Piece
Media
Downplays Obama's Past, Tries to Define Romney with Teen Prank
If we're going to delve deep into a candidate's past, let's delve deep into a
candidate's past. Here's Obama in his own words admitting to physically shoving
a little girl named Coretta. Yes, it was at this moment that the first shot
in the War on Women was fired.
http://albertpeia.com/obamashovesgirl.png
No doubt that after expending all that energy
bullying an innocent little girl, young Obama readied himself for round two by
eating a Golden Retriever. More on this breaking story here.If
you're wondering what the rules are regarding a candidate's past; how far back we're
allowed to go in an attempt to define them -- the answer is simple: the corrupt
media will let us know.
Obama WILL NOT pursue gay marriage as part of party
platform...
STONE: 'Playing a
cruel and cynical game'...
Unites Republicans?
New Black Panther Niggers Plan Newspaper Cover With Zimmerman
In Noose { and civilized people everywhere should respond with niggers in
nooses and contributions to the Klu Klux Klan! } ...
LOONEY CLOONEYLAND: BIG CAMPAIGN BOXOFFICE FOR NIGGERO
– Meanwhile, looney clooneyland ain’t doin’ so well with the niggero model –
see next headline! ...
Failed Wobama model illustrated: 16 Reasons To Move Away From
Postal Service loses $3.2b in first quarter...
78% of
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{ some prior links of current
interest }