Business Summary Links By Day

 

 

 Daves Daily: http://www.etfdigest.com    MARKETS DIGEST EARNINGS & EUROZONE 10-17-12  Another short post as I have my usual seasonal bug, which with meds, renders me weak. Moving on we see Housing Starts increasing by 15% which makes me wonder, do we need more inventory? But realtors like to tell me people want new versus older homes. I can understand this but many older homes are still selling way below their replacement costs.The old game with earnings reports is still ubiquitouscompanies and analysts lower expectations sharply then reports beat and relevant stocks rise. Theres also little new with accounting gimmicks and adjustments. Bank of America (BAC) is still writing down its Countrywide assets so net of that the company beat lowered estimates. With the combination of adjustments and lowered expectations the company beat by reporting flat earnings vs a small loss. IBM on the other hand missed on revenues which saw the stock much weaker. As a heavyweight in the price-weighted DJIA the headline index was somewhat weaker but ex-IBM was probably much higher. Intel (INTC) beat earnings expectations as well but forecast weaker growth going forward and the stock declined. Most importantly is most revenues are declining as American Express (AXP) just reported earnings that matched expectations but revenues missed and declined.Leading markets higher were financials (XLF), energy (XLE) and homebuilders (ITB). The dollar (UUP) was much weaker while precious metals (GDL & SLV) were only slightly higher. Bonds (TLT) were weaker while commodities (DBC) and oil (USO) struggled to maintain unchanged levels.Overseas markets were cheered by some partial agreements with Spain (EWP) which makes me think current baby steps will see us revisit the situation again and again.Volume on Wednesday was once again ultra-light and breadth per the WSJ was positive overall…’  ,  Two Facts You Need to Know Before November 6th  http://albertpeia.com/twofacts.htm  ,  Taxpayers To Recover $0 On Solyndra  ,  Chinese Goldilocks GDP: Q3 Economy Goalseeked Just As Expected At 7.4%    ,   'Shadow Banking' In China The process was a cornerstone of the governments control over the economy.  The vast majority of banks in China are controlled by the government, so the who and when of lending was firmly in the hands of Chinas leaders. But, the years 2008/9 will be remembered as watershed years for Chinese finance, as two trends appeared an economy relying increasingly on debt creation for growth, and that debt creation becoming more and more complicated and obscure - making it is easy to see why so many officials and analysts are worried about the 'hazy and complicated area of finance' out of teh government's direct control.   ,  Bank Of America Gimmicks Continue - Chargeoffs Soar To Highest In A Year, As Loan Loss Release Surges   ,   Och-Ziff Calls Top Of "REO-To-Rental", And Distressed Housing Demand, With Exit Of Landlord Business  The primary, if not only, reason there has been a brief spike in subsidized demand for housing in recent months, has been the GSE/FHFA endorsed REO-To-Rental plan, and associated securitization conduits, in which large asset managers have been encouraged to take advantage of government funded, risk-free financing (and entirely bypassing banks who have given up on loan origination due to legacy liability issues which have every bank tied up in litigation from now until Feddom come - just see today's Bank of America results) and purchase foreclosed properties in bulk, with the intention of converting them into rental properties. Needless to say, the subsidization of this wholesale purchasing of foreclosures, coupled with the ongoing "foreclosure stuffing" pursued by the big banks (as a reminder days to foreclose in California just hit a record 1,072 per RealtyTrac as banks simply refuse to clear housing inventory faster knowing full well withheld inventory is an additional clearing price subsidy) is the main reason why the punditry has been confused into believing there is a housing rebound. That this "rebound" is merely a subsidized demand pull phenomenon a la the "cash for clunkers" auto sales program is patently clear to most. Nonetheless what little confusion is left, is finally coming to an end, thanks to none other than one of the first entrants in the REO-To-Rental space, $31 billion hedge fund Och Ziff, which a year after entering the program with hopes of quick riches, is now looking to cash out.  ,  Guest Post: Housing Starts And Permits: Euphoria May Be Premature  This morning's New Home Starts and Building Permits was called by some 'The Most Bullish Development On The Entire Earth'. That is indeed a very bullish statement about a sector of the economy that is still running at very recessionary levels of activity. However, let's analyze the data beyond the headline to determine what is really occurring. Among the various 'surprises' are seasonal adjustments, as we saw with the retail sales, were exceptionally large in September; the underlying fundamentals, especially in the 25-35 cohorts, are simply not in place to create a sustainable upturn in housing; and the disconnect between the housing data and the real demand for construction workers. The current activity falls well within the bounds of normal volatility, and we will likely see revisions lower in the coming months ahead, as seasonal variations began to negatively impact the data towards year end. The important point, however, is that while the housing data on the surface is showing improvement the more important components to sustainability from employment to lending are not.

 

Peak P/E?There is little doubt that asset prices have responded to Central Bank promises and actions. Even as bottom-up fundamentals are fading, top-down index 'nominal prices' rise on the back of magical multiple expansion - which is defended from on high by sell-side strategists the world over on the back of 'recovery' is just around the corner. The trouble is there's a limit and it seems - from QE2 and LTRO - that we are rapidly approaching that limit; and with earnings outlooks being revised lower, perhaps we are at peak P/E for this cycle of QE?

 

 

Frontrunning: October 17

  • Obama takes offensive against Romney in debate rematch (Reuters)
  • Obama Says Romney Words Aren’t ‘True’ in Second Debate (Bloomberg)
  • Obama takes Romney head-on in debate (FT)
  • And another joins the club: Thailand Unexpectedly Cuts Rate as Global Outlook Worsens (Bloomberg)
  • PBOC Injects Less Cash (WSJ)
  • Japan to Hold Special Cabinet Meeting After Economy Downgraded (Bloomberg)
  • Greek Coalition Duo Reject Labour Moves Proposed by Troika (WSJ)
  • Opposition wanes to Spanish aid request (FT)
  • RBS to Exit U.K. Asset Protection Plan After $4 Billion Fees (Bloomberg)
  • Spain Retains Investment Grade Credit Rating From Moody’s (Bloomberg)
  • US diplomat asks Japan, ROK to resolve islands spat (China Daily)
  • Stagnation not due to austerity, says OBR (FT)

 

 

Sales stumbles raise fresh worry for corporate America

reuters.com | Slowing world economy took a toll on sales of products.

 

Ron Paul on the Real Unemployment Numbers

Infowars.com | Situation on the ground looks nothing like a recovery.

 

Our Greek Tragedy

John Myers | Regardless of who the President is after this close election, the equity markets and the U.S. economy are in trouble.

 

 

Debate Post-Mortem: Jobs-4-Jeremy, Gang Bangers, And Candi(e)d Fact Checking

Well, who knew it was gonna actually get close to fisty-cuffs? According to CNN Polls, 65% believe Obama won (with 50% saying by a lot) and 19% that Romney won by a lot. Obama dominated speaking time 44:05 to a mere 40:50 for Romney (almost the same margin as in the last debate); but Romney (somewhat ironically) crushed Obama in the drinking game 44:23. Obama Intrade Odds wavered during the debate ending marginally higher but S&P 500 futures are tracking lower. Twitter interest fell 30% from the first debate. Full Bloomberg Headlines and Top Ten Debate Lines below. Obama uttered a brisk 7651 words for a 173 word/min pace (172 last debate) while Romney's 8006 words  were spoken at a 196 word/min pace (slower than his 217 pace of the last debate) but still the winner. So, time: Obama, drinking-game: Romney, word-count: Romney - the winner of tonight's debate is Mitt Romney.

 

 

 

The debate: Crowley crossed the line  (MarketWatch) — Presidential debate moderator Candy Crowley crossed the line Tuesday night when she sought to clarify a point about the recent terrorist attack on the U.S. consulate in Libya.

CNN’s Candy Crowley: Romney Was Actually Right On Libya

CNN | CNN’s Candy Crowley admits that Romney was actually right during the debate on the Libya remark.

 

 

Federal Gov’t Funding Police Spotters on Overpasses in Two States

CNS News | Thanks to a cash infusion from the Obama administration, motorists in Connecticut and Massachusetts may see police spotters on overpasses.

 

Guardian ‘seriously discussing’ end to print edition

London Telegraph | The publisher of the Guardian and Observer newspapers is close to axing the print editions of the newspapers.

 

Hours Ahead Of The Presidential Debate, Total US Debt Hits Record $16.19 Trillion

Zero Hedge | The number in question:$16,190,979,268,766.67.

 

Obama: “We Are in the Midst of a Huge Recovery”

Mac Slavo | Thanks for trying Mrs. Obama, but were not buying it.

 

 

Drudgereport: GALLUP: R 51% O 45%

DICK MORRIS: Romney won the second debate...
Threats to Assassinate Republican Romney Explode on TWITTER After Debate...

REPORT: White House contradicts president's statement on Benghazi terror attack...

Despite Pledge of Open Government, Obama Prosecuting Whistle-Blowers as Spies...

'When I Was President'...  { Indeed, past tense for O and more than a Freudian slip as he heralds in new President Romney, writing on the wall though not his teleprompter! }
CAUGHT ON TAPE: Michelle O Broke Rules, Clapped During Debate...

'On Nov. 7, We're Going to Party Hard'...

U of Colorado Study: 77% likelihood Romney wins popular vote...

Record High Enrollment for Food Stamps: 46,681,833...

FOURNIER: Verdict Uncertain...
TREAT: Candy gives Obama 9% more time...
TRICK: Candy 'Throws the Flag'...
CANDYLAND: Romney was 'right in the main' on Benghazi, but 'picked the wrong word'...
Another debacle for America's media...
Reporters applaud Obama's slam on Romney's wealth...
Pelley: 'Most Rancorous Debate In History'...
'Nauesating'...

Reporters Get Drunk at Debate...
LUNTZ GROUP: BIG SWING...

A Frank Luntz focus group made up mostly of former Obama voters say they now support Mitt Romney.
"Forceful, compassionate, presidential," one participant said.
"Confident and realistic," said another.
"Presidential," another told Luntz.
"Enthusiastic," another reacted.
"Our next president," one man said.
"Dynamo, winner," said one more.
"He's lied about everything. He lied to get elected in 2008, that's why I voted for him. I bought his bull. And he's lied about everything, he hasn't come through on anything. And he's been bullshitting the public," one member of the focus group said.

Farrakhan's Fiery New Warning to USA: 'Every Plague Written in Koran is Going to Come to Pass'... { farrakhan’s really only talking about (all plagues rolled into) one plague; viz., the plague of the nigger which is extant despoliation wherever the niggers are, in the worst sense!  Yes, they are the other, more nefarious black plague! }

Violent crime rises sharply...6:53PM EDT October 17. 2012 - WASHINGTON — The violent crime rate went up 17% last year, ending a general decline in violence that began nearly 20 years ago, according to a new federal survey of crime victims.The Justice Department's National Crime Victimization Survey also found an 11% increase in the rate of property crimes, including household burglaries and car theft.’ { Come on! Perennially understated, these understated crime numbers don’t even take into account ‘protected/unprosecuted’ wall street frauds/crimes in the trillions. And, how about those fed paper bucks that ‘fell off the fed trucks’ even just recently; kind of like those 360 tons of $100 bills ($12 billion) flown into Iraq that just ‘disappeared into thin air’, etc.. }

Driver Doesn't Stop For 8 Blocks As Men ( two niggers ) Viciously Beat Woman On Public Bus...

Greece faces anti-austerity shutdown as EU meets...
'In depression'...

 

 

 

 

AP Business Highlights 

...Yahoo Market Update…

Metal News for the Day

What’s Happened To The FBI/DOJ?  http://albertpeia.com/fbinazibikersbustfbinazibikers2.htm

Compendium of Important Business / National / World News / Topics / Articles / Headlines
http://albertpeia.com/articlelinkspage3.htm 

 


http://albertpeia.com/archives.htm

 


FBI Nazi Bikers Bust FBI Nazi Bikers - What's Up At The FBI/DOJ?

 

Impeach Obama 2012. Join the National Campaign

Infowars.com | Now is the time to put an end to Obama’s treasonous and tyrannical behavior.

http://albertpeia.com/impeachobama.htm

Nancy Pelosi Wants to Amend the First Amendment Kurt Nimmo | When Pelosi says “special interests,” she means interests opposed to establishment Democrats. [ Here’s a look at the pelosi / wobama styled new california  ( 16 Reasons To Move Away From California  http://albertpeia.com/16reasonstomoveawayfromcalifornia.htm  ) . pelosi’s incompetent / senile in that chronological order. At this point, wobama the b for b***s*** is just incompetent but acts and seems as if he’s senile, particularly with regard to previous things he’s said and prior promises that he’s made. ]

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 Hawaii, so there's a lot of opportunity to goof off because the weather is really good all the time …"You know, I made some bad decisions …. You know, got into drinking and experimenting with drugs. There was a whole stretch of time where I didn't apply myself. It wasn't until I got out of … high school, and went to college that I started realizing, man, I wasted a lot of time.”The New York Times, however, went out of its way to find Obama’s classmates to testify that drugs played only a “bit part” in Obama’s youth. Yet Obama would later brag on the campaign trail that he “inhaled frequently … that was the point.”During his high school years, Obama hung out with communist radical Frank Marshall Davis; in 2007, the Los Angeles Times reported that during his high school days, “he felt the first stirrings of anger toward whites. He says he also delved into black nationalism.” He was “offended or even enraged when white classmates adopted black street slang or revealed their underlying consciousness of his race by going out of their way to tell him how much they admired a black musician or athlete.” This activity is certainly more reflective of Obama’s ideological history than Mitt Romney’s pranks on teachers and fellow students. And as for the drug use – well, that seems just a bit more serious than walking a teacher into a door or cutting a student’s hair. But leave it to the Post to ignore or downplay all of that in favor of continuing stories about Romney’s dog, his high school hijinks, and whatever other nonsense they can use to protect President Obama from his own incompetence.Ben Shapiro is Breitbart News Editor-at-Large.  Follow him on twitter @benshapiro.
Cracks in the Washington Post story on Romney’s ‘pranks’ emerge
Correction Request: Washington Post Uses Falsehood in Romney Hit Piece
Media Downplays Obama's Past, Tries to Define Romney with Teen Prank
If we're going to delve deep into a candidate's past, let's delve deep into a candidate's past. Here's Obama in his own words admitting to physically shoving a little girl named Coretta. Yes, it was at this moment that the first shot in the War on Women was fired.   http://albertpeia.com/obamashovesgirl.png

 No doubt that after expending all that energy bullying an innocent little girl, young Obama readied himself for round two by eating a Golden Retriever. More on this breaking story here.If you're wondering what the rules are regarding a candidate's past; how far back we're allowed to go in an attempt to define them -- the answer is simple: the corrupt media will let us know.
Washington Post Disgraces Itself By Targeting Romney's 'Anti-Gay' High School Pranks

Obama WILL NOT pursue gay marriage as part of party platform...
STONE: 'Playing a cruel and cynical game'...
Unites Republicans?
New Black Panther Niggers Plan Newspaper Cover With Zimmerman In Noose { and civilized people everywhere should respond with niggers in nooses and contributions to the Klu Klux Klan! } ...
LOONEY CLOONEYLAND: BIG CAMPAIGN BOXOFFICE FOR NIGGERO – Meanwhile, looney clooneyland ain’t doin’ so well with the niggero model – see next headline! ...

Failed Wobama model illustrated: 16 Reasons To Move Away From California 
http://albertpeia.com/16reasonstomoveawayfromcalifornia.htm
Postal Service loses $3.2b in first quarter...
78% of California 8th graders fail national science test...

 

 

                                                               _______________________________________

                                                                       { some prior links of current interest }

 

A Warning Sign For The World  http://albertpeia.com/warningsignfortheworld.htm  , Inventor of World Wide Web Savages Government’s Big Brother Plans  http://albertpeia.com/bernersleeantibigbrotherwebintrusion.htm , 16 Reasons To Move Away From California  http://albertpeia.com/16reasonstomoveawayfromcalifornia.htm  ,  20 Signs You Might Be A Typical American Worker  http://albertpeia.com/20signsoftypicalamericanworker.htm , 10 Signs That America Is Decomposing Right In Front Of Our Eyes   http://albertpeia.com/10signsamericadecomposing.htm , Soylent Pepsi is People  http://albertpeia.com/soylentpepsi.htm  Infowars.com | Ground up dead baby fetuses… just business as usual. {  Well, let’s not kid ourselves; there’s likely canabalism in wobama’s line! How totally disgusting. I’ll never drink pepsi ever again! } New Obama Executive Order Pushes Us Closer To A North American Union And A One World Economic System http://albertpeia.com/wobamaexecorderforoneworldgovernment.htm { The truly astounding thing here is that without exception, these respective nations, from largest to smallest, can’t even manage themselves, their own nations properly, efficiently; and then there’s the inevitable corruption, ‘bigger and better?’. Come on! More obfuscation! In a world such as this, human nature being what it is, ‘bigger is definitely not better’! They’re pushing on a string! Time for accountability! Time to pay the piper! Additionally, people must come to grips with the reality that wobama hasn’t the slightest idea what he’s doing; hence, the over-vacationed teleprompter reader whose ‘handlers’ have literally taken over policy, with some ‘slick’ maneuvering to try and repackage him; ultimately to no avail inasmuch as his disastrous results at home and abroad speak volumes. If only he had done what he said he was going to do last campaign, this nation and the world would have been in a better position today! } , Military Winning War Over Pensions Bruce Krasting 05/02/2012 Why is the Military Retirement Fund exploding higher? http://albertpeia.com/militarypensiondebacle.htm , This Is the First Time In History that All Central Banks Have Printed Money at the Same Time … And They’re Failing Miserably Washington’s Blog | Simultaneous Global Printing Is Failing Miserably. Why New York Times Economist Paul Krugman Is Partly Right But Mostly Wrong http://albertpeia.com/nyteconomistkrugmanwrong.htm  , NBER's Martin Feldstein Bashes The Deplorable US Economy, Says Bernanke Has Engineered Another Stock Bubble Tyler Durden 5-2-12 , Hugh Hendry On Europe "You Can't Make Up How Bad It Is" ,  Biderman Makes Friends: "Bankers Are As Dumb As Politicians" , Guest Post: 3 Likely Triggers Of The Next Recession {  Financial Crisis Phase II Is Ahead at Forbes Bert Dohmen ‘ In late 2007, I wrote the book Prelude To Meltdown, predicting the global crisis that occurred the following year.  I now see a similar confluence of events .. “the new recession has started.”… Over the past 33 years, we have called the start of every recession..Currently, the GDP deflator is 1.8%, which hardly reflects the true rise in prices. Therefore, what is counted as “growth,” is actually price increases. Actual inflation..is now more than 11%. Using that to adjust GDP for inflation, would show that the economy is now in a very sharp contraction…’ }   ] , Zuckerman To CNBC: "The Recession Never Ended" 8 Reasons Why The Greek Debt Deal May Not Stop A Chaotic Greek Debt Default   http://albertpeia.com/8reasonsgreekdebtdefaultstillcoming.htm , 55 Interesting Facts About The U.S. Economy In 2012   http://albertpeia.com/55factsaboutus2012economy.htm  ,  http://albertpeia.com/debtpercapita.jpg  , Double-dip recession setting in across eurozone: EU , America 1950 vs. America 2012    http://albertpeia.com/downhillslideofamerica.htm , Society’s Five Stages of Economic Collapse  http://albertpeia.com/5stagesofcollapse.htm ,  No Housing Recovery - Case Shiller Shows 8th Consecutive Month Of House Price Declines, Goldman: Germany Is Now On The Hook By €1 Trillion (Or 40% Of GDP), 20 Economic Statistics To Use To Wake Sheeple Up From Their Entertainment-Induced Comas  http://albertpeia.com/20ecostatstowakesheeple.htm  , Central bank balance sheet expansion since end 2007  Mar 1st, 2012 by News (ZeroHedge) — SNB +230%; Fed +222%, BOJ +125%, BOE +87%, PBOC +93%, ECB +51%. USA Gold / PG View: Pretty strong evidence that the rally in bonds — and by extension the rally in stocks — is nothing but a charade. , 10.7 Percent: Unemployment In Europe Is Worse Than It Was At The Peak Of The Last Recession  http://albertpeia.com/europeunemploymentworsethanrecession.htm , Inflation Is A Tax And The Federal Reserve Is Taxing The Living Daylights Out Of Us   http://albertpeia.com/inflationisatax.htm  , 15 Potentially Massive Threats To The U.S. Economy Over The Next 12 Months  http://albertpeia.com/15massivethreatstoeconomy.htm , 1 Through 30 – The Coming U.S. Financial Crisis By The Numbers http://albertpeia.com/1-30usfinancialcrisiscoming.htm Greece Has Defaulted - Which Country In Europe Is Next?    http://albertpeia.com/greecehasdefaultedwhonext.htm , Five Charts That Prove We’re in a Depression and That the Federal Reserve and Washington Are Wasting Money gpc1981  http://albertpeia.com/usindepressionfedandgovwastingmoney.htm  , Broken Promises: Pensions All Over America Are Being Savagely Cut Or Are Vanishing Completely .http://albertpeia.com/uspensionscutorvanishing.htm  , America Is Being Transformed From A Wealthy Nation Into A Poor Nation At Breathtaking Speed   http://albertpeia.com/ustransformedfromwealthytopoor.htm , ECRI Stays with Recession Call  New American | The vicious cycle is starting where lower sales, lower production, lower employment and lower income [leads] back to lower sales…BOB ADELMANN New American Tuesday, March 13, 2012 http://albertpeia.com/ecricallsrecession.htm , Consumer prices rise on high gas costs But outside higher pump prices, inflation stayed mild. (Washington Post) [ Wake up! They’d have a hard time denying what’s in plain sight for everyone to see. Yet, apparently they’ve not gone grocery shopping lately; you know, all that catered food for fools in Washington.  , 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…’ , Conned 2012: Joseph Kony Is A CIA Contractor  [ Yeah, cia, mossad, kony, they look like and are a bunch of spooks. ] Saman Mohammadi | Former European MP, journalist, and author Richard Cottrell says Lord Resistance Army is backed by CIA and Mossad. , 11 Reasons Why America Would Be A Better Place Without Goldman Sachs [ If only it was just 11 and not an endless number of reasons why the aforesaid is true! And, though america particularly, not just america, but the entire world as well! ] http://albertpeia.com/americabetterwithoutgoldmansachs.htm   , The Obama Flag: Who Decided That It Was Okay To Replace The Stars On The American Flag With The Face Of Barack Obama? http://endoftheamericandream.com http://albertpeia.com/monkeyflag.htm   [Aside from the desecration issues, from a purely aesthetic perspective, that picture on the flag of that ugly monkey obama is an absolute disgrace and affront to any rational person’s aesthetic sensibilities!] , Who Decided That It Would Be A Good Idea.... http://albertpeia.com/misplacedfaith.htm , Chimps Throwing Poop And 29 Other Mind Blowing Ways That The Government Is Wasting Your Money  http://albertpeia.com/whydochimpslikeobamasthrowpoop29waysgovernmentwastesmoney.htm  , Failed Wobama model illustrated: 16 Reasons To Move Away From California  http://albertpeia.com/16reasonstomoveawayfromcalifornia.htm  , No Housing Recovery Until 2020 In 5 Simple Charts
http://albertpeia.com/nohousingrecoveryuntil2020in5charts.htm
, The Mother Of All Infographics: Visualizing America's Derivatives Universe   Fasten Your Seatbelts: High Frequency Trading Is Coming To The Treasury Market    [ , As US Rakes Largest Monthly Deficit In History, 2012 Tax Revenues Net Of Refunds Trail 2011Guest Post: Money from Nothing - A Primer On Fake Wealth Creation And Its Implications (Part 1)What is fraud except creating “value” from nothing and passing it off as something? Frauds interlink and grow upon each other. Our debt-based money system serves as the fraud foundation. In our debt-based money system, debt must grow in order to create money. Therefore, there is no way to pay off aggregate debt with available money. More money must be lent into the system to make the payments for old debts. This causes overall debt to expand as new money for actual people (vs. banks) always arrives at interest and compounds exponentially. This process is called financialization. Financialization: The process of making money from nothing in which debt (i.e. poverty, lack) is paradoxically considered an asset (i.e. wealth, gain). In current financialized economies “wealth expansion” comes from the parasitic taxation of productivity in the form of interest on fiat lending. This interest over time consumes a greater and greater share of resources, assets, labor, and livelihood until nothing is left., Guest Post: Money from Nothing - A Primer on Fake Wealth Creation and its Implications (Part 2) Only in a debt-based money system could debt be curiously cast as an asset. We’ve made “extend and pretend” a quaint phrase for a burgeoning market for financial lying and profiteering aimed toward preventing the collapse of a debt- (or lack-) based system that was already doomed by its initial design to collapse. , Guest Post: The Audacity of Bonuses At MF GlobalIn the spirit of George Orwell’s Animal Farm commandment: “all animals are equal, but some animals are more equal then others” comes the galling news that bankruptcy trustee, Louis Freeh, could approve the defunct, MF Global to pay bonuses to certain senior executives. This, despite the fact that nearly $1.6 billion of customer funds remains “missing” or otherwise partially accounted for, yet beyond the reach of those customers, perhaps forever, since before the firm declared bankruptcy on October 31, 2011...