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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 perennial
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.
Dave’s Daily: http://www.etfdigest.com ‘THE PREDICTABILITY OF DC
BS 11-16-12 In a WSJ story, the current WH fiscal cliff trial
balloon is to replace the “sequester” by kicking the can into 2013
which is something that’s
been anticipated. Doing so would buy time but also create another date to fret
about in the future which resolves nothing. The absence of leadership is quite
stunning as the U.S. adopts the eurozone delay model. So after the meeting and
banality this statement was issued by Mitch McConnell: “We’re prepared to
put revenue on the table, provided we fix the real
problems" I think that stops the “happy talk” dead in its
tracks unless McConnell might be willing to redefine everything.
Further Nancy Pelosi stated bluntly: “I was focusing on how we send a message of confidence to
consumers,to the markets in the short run, too.” As DC goes
watch what they do and ignore the BS.One fiscal cliff aspect
little discussed is its impact on the states should negotiations fail. ThePew Center on the States has issued a
report with impact percentages for each state. You can find your state with the
download.It looks like the FHA (Federal Housing Administration) is
preparing politicians and taxpayers for a bailout as mortgage losses shrink
reserves. Also on Friday the government fined JP Morgan (JPM) and
Credit Suisse (CSGN) $416M to settle mortgage related fraud charges. These are
mere wrist slaps but the U.S. attorney asserts more charges and fines are
pending. (Deep thought: I wonder if the U.S. attorney can sue the SEC for
breach of oversight duties. Well of course not silly!)Tensions on Israeli
border continue as Egypt’s
Mursi visits Gaza amid warnings to Israel wheretroops are mobilizing. As this is written
intense fighting is taking place between Israelis and Hamas…And in other news, Asian stocks were mostly lower.
China’s CSI 300 fell to its
lowest level since 2009. The eurozone is quiet for the moment but real troubles
remain on the horizon. Whatever the troika decides for Greece and Spain must be
approved by Germany and Finance Minister Schauble who still talks a tough game.
In the UK there are well-founded fears of a triple dip back into recession.
Meanwhile in France, Finance Minister Pierre Moscovici said
he sees no French financial crisis and takes the greatest umbrage (sacrebleu!)
such an event could exist. Meanwhile in the U.S. Industrial Production was
weak (-.4% vs .2% expected & prior revised to .2%). One frankly absurd note
was the government attempted to assert this decline was due to Sandy. Yet Sandy
hit on the 29th of October meaning this assertion was based on
just two days. This is why people don’t
trust government reports.Much in the news was Hostess Brands, a private company
producing among other treats Twinkies, decided to liquidate the company instead
of dealing with a strike. This meant layoffs for over 18,000 workers.As
mentioned equity markets globally were much oversold entering an options
expiration day. There were good odds of fireworks and a reversal higher. Any spark
could and did unleash the animal spirits . Odd
things can happen on options expiration and perhaps we saw one with a
short-term gold bear raid. But stocks ended the day on a late run higher as
da boyz in the options pits were hunting
down strike prices. Leading the way higher were beaten
down utility sectors (XLU), small caps (IWM) and homebuilders (ITB). The dollar
(UUP) ended slightly higher once again while gold (GLD) was weaker. Bonds (IEF)
and (TLT) for example were mixed. Commodities (DBC) spiked aided primarily by
crude oil (USO) as the violence in Gaza/Israel expanded.Volume was much higher
which, given market conditions and options expiration, shouldn’t surprise. Breadth per the WSJ was positive reducing
current short-term oversold conditions…’
Sica: No time to be bargain hunting Marketwatch
http://albertpeia.com/summersresearch.htm
‘…Because of this, the entire Western
financial system has sovereign bonds (US Treasuries, German Bunds, Japanese
sovereign bonds, etc) as the senior most asset pledged as collateral
for hundreds of trillions of Dollars worth of trades.The “hundreds” of trillions of Dollars
of trades stems from a 2004 SEC ruling in which the SEC ruled that
broker-dealers with capital bases above $5 billion (think Goldman, JP Morgan,
etc) could increase their leverage above previously required levels while also
abandoning market to market valuation methods (a methodology through which a
security was priced at the value that a market participant would pay for
it).So, after the 2004 ruling, large broker dealers were permitted to increase
their leverage levels dramatically. And because they could value their trades
at whatever price their in-house models chose (what are the odds that these
models were conservative?), the broker-dealers and large Wall Street banks are
now sitting on over $700 trillion worth of derivatives trades.Now,
every large bank/ broker dealer knows that the other
banks/dealers are overstating the value of their securities. As a result, these
derivatives trades, like all financial instruments, require collateral
to be pledged to insure that if the trades blow up, the other party has access
to some asset to compensate it for the loss. As a result, the ultimate
backstop for the $700+ trillion derivatives market today is sovereign
bonds. When you realize this, the entire picture for the Central
Banks’
actions over the last five years becomes clear: every move has been about
accomplishing one of two things:
#1) Giving the over-leveraged
banks access to cash for immediate funding needs (QE 1, QE 2, LTRO 1, LTRO 2,
etc)
#2) Giving the banks a chance
to swap out low grade collateral (Mortgage Backed Securities and other crap
debts) for cash that they could use to purchase higher grade collateral (QE 1’s MBS component,
Operation Twist 2 which lets bank their long-term Treasuries and buy short-term
Treasuries, QE 3, etc).
… So, when the ECB swapped out its Greek
bonds for new bonds that would not take a haircut during the second
bailout, the ECB was making sure that the Greek bonds on its balance sheet
remained untouchable and as a result could still stand as high grade
collateral for the banks that had lent them to the ECB.So the ECB effectively
allowed those banks that had dumped Greek sovereign bonds onto its balance
sheet to avoid taking a loss… and not having to put up new collateral on their
trade portfolios.Which brings us to the other issue surrounding the second
Greek bailout: the fact that 80% of the money went to EU banks that were Greek
bondholders instead of the Greek economy.Here again, the issue was about giving
money to the banks that were using Greek bonds as collateral, to insure that
they had enough capital on hand. Piecing this together, it’s clear that the Greek
situation actually had nothing to do with helping Greece. Forget about Greece’s debt issues, or
protests, or even the political decisions… the real story was
that the bailouts were all about insuring that the EU banks that were using
Greek bonds as collateral were kept whole by any means possible.Now,
Greece was always the small player in this mess. It’s entire sovereign bond
market is a mere €300 billion.Spain and Italy, by comparison,
have €1.78 trillion and €1.87 trillion
in external debt respectively. I do not have an exact figure for how much of the derivatives market
uses Spanish and Italian sovereign bonds as collateral, but I can create an
estimate using the US bank data I have available. In the US, we know that the
top four banks have over $222 trillion in derivatives exposure with just $7
trillion in total assets. So the leverage here is roughly 31 to 1.Using this as
a ballpark estimate for derivatives leverage, it is very possible that Spain
and Italy’s
sovereign bonds are pledged as collateral for well over $100 trillion
worth of derivatives trades ($1.78 trillion X 31 + $1.87 trillion X 31).This
is why Spain is dragging its feet about asking for a bailout: the mess of
trying to sort out the collateral issues for €1.78 trillion in collateral that is backstopping what is likely
tens of TRILLIONS of Euros’ worth of trades is capable of causing systemic
failure. This is why I’ve been warning that 2008 was just the warm-up. What
is coming will be far far worse…’
'Den of Thieves' author: Hedge funds key to new insider-trading
era Marketwatch
Submitted
by Tyler Durden on 11/16/2012
The recent market sell-off has not been about the
re-election of President Obama but rather the repositioning of assets by
professional investors in anticipation of three key events coming between now
and the end of this year - the "fiscal cliff", the
debt ceiling and the expiration of the Transaction Account Guarantee (TAG).
Each of these events have different impacts on the economy and
the financial markets - but the one thing that they have in common is that they
will all be battle grounds between a divided House and Senate.
While there has been a plethora of articles, and media coverage, about the
upcoming standoff between the two parties - little has been written to cover
the details of exactly what will be impacted and why it is so important to the
financial markets and economy. We remain hopeful that our elected leaders will
allow cooler heads to prevail and that they will begin to work towards solutions
that alleviate some of the risks of economic contraction while setting forth
logical plans for fiscal reform. However, while we are hopeful of such
progress, "hope" is not an investment strategy to
manage portfolios by. If we are right things are likely to get
worse before a resolution is reached - but maybe that is why the "investment
professionals" have already been heading for the exits.
Submitted
by Tyler Durden on 11/16/2012
There are only a few people who get it:
the era of cheap food is over. The fundamentals (as we
noted earlier) of population growth, available land contraction,
bone-headed government policy, and the most destructive monetary policy;
overwhelmingly point to a simple trend: food prices will continue rising. And
that’s
the best case. The worst case is severe shortages.
Submitted
by Tyler Durden on 11/16/2012
Equities closed the day-session near the
highs of the day as OPEX shenanigans were evident everywhere. Early and ugly
macro data was swept under the proverbial carpet (as it is transitory Sandy
effects?), the ubiquitous European-close trend reversal started us higher, and
then platitudes from D.C., and a late-day Fed-Head jawbone did the rest on a
day when AAPL saw its largest volume in 8 months and pinned between 520 and 530
VWAPs. Risk assets did not follow the path of most exuberance that
stocks did on the day (surprise). Credit tracked with stocks today in
general but remains an underperformer on the week. Oil was the week's big beta
winner with the USD (despite underlying dispersion in EUR and JPY) and
Treasuries rather dull. Gold sagged but by the close today the S&P
500 had recoupled with the barbarous relic on a beta basis. VIX compressed
(exciting some that are incapable of comprehending a term structure)
as put overlays were unwound into OPEX (and given the VWAP/volume moves it
would seem AAPL saw hedges taken down and exposure reduced). Red
week as stocks continue to catch down to bond's new normal.
Submitted by Tyler
Durden on 11/16/2012
Judging
by the media rancor, the fact that the FHA
has run out of capital is a stunning shock since besides, housing is in
recovery right? Well, there is one simple reason why the FHA is FUBAR and is
only going to get worse (cue Geithner
Bailout). As the only player left, the FHA has simply been the sole
source of mortgage provision to the worst of the worst. The following
chart from Chicago
Booth's Amir Sufi shows the diabolic-distribution of poor-performing zip codes
that the FHA has lent into - even during the crisis.
Submitted
by Tyler Durden on 11/16/2012
In
the past it has been the bond market whose vigilantes had rampaged across the
fields to keep policymakers honest - but something has changed with the Fed's
boot on the bond market. As BofAML notes, when the Fed was too soft on
inflation or the fiscal deficit was out of control, interest rates spiked
higher. In our view, this has changed and today the stock market is the
disciplining force for Washington. We have argued this perspective for
a while - that nothing will be done until we get a stock market crash - but the
press will continue to make molehills out of mountains it seems as BofAML adds,
the most obvious lesson of the last week is that when Washington approaches a
policy impasse, the financial press tends to signal a resolution of the
crisis many times before it happens. Don’t believe it. After elections there is always conciliatory talk:
no one wants to be seen as a sore loser or a gloating winner. The risk remains
huge and the four hurdles to a grand bargain seem to be
getting larger - no matter what the press wants us to think - investors
should look past reassuring rhetoric and focus on the underlying reality.
Submitted
by Tyler Durden on 11/16/2012
The
invisible hand at work once again as fat-fingered demand dominates
union-stifled supply... $8,000 for a single Twinkie... and other offers... It
seems, once again, that there are more than a few greater fools who still have
no idea just how
the bankruptcy process works... will Twinkies be rebranded Bimbettes?
Submitted
by Tyler Durden on 11/16/2012
Once
again the market falls for the politicians' snake oil (as we explained before).
Unconvinced? This is what none other than "Fiscal Cliff compromise is
imminent" photo op participant Nancy Pelosi said moments later
to the WSJ:
Ms.
Pelosi said. "I was focusing on how we send a message of
confidence to consumers, to the markets in the short run, too."
And
there you have it from the horse's mouth: absolutely nothing of actual
substance in today's presser which was completely hollow of anything
remotely resembling an actual compromise, but merely the same type of Euro-propaganda
we have grown to loath and despise for the past 3 years, where a flashing red
headline was supposed to generate a short squeeze. It succeeded. There is one
open question: did Nancy Pelosi's multi-millionaire investor husband Paul
Pelosi know ahead of time what the announcement would say, and did he buy
any securities in hopes of a "short run" gain?
Submitted by Tyler
Durden on 11/16/2012
As
if we needed more proof that the course implemented by the eurocracy
becomes increasingly untenable politically, millions decided to strike
in several European countries this week. The demonstrations have, as they are
wont to do these days, turned violent in a number places. The protests
were most intense in Spain, where unemployment is at over 25% and
desperation over the collapse of the bubble economy is growing by the day. This
is what happens when after decades of socialism, the money to pay for the
freebies finally runs out. What the protesters don't seem to get: the status
quo ante cannot be recreated by decree. There is no magic wand for anyone
to wave. The protesters have every right to be enraged, but they are raging
against something that cannot be changed at the flick of a switch – the wealth is
gone.
Submitted
by Tyler Durden on 11/16/2012
Because not one Wall
Street analyst could have possibly factored in the impact of Sandy into their
expectations of the month's Industrial Production, which in October declined by
-0.4% to 96.6 from 97.0 in the Fed's index, well below consensus
expectations of a 0.2% rise, and down from last month's 0.4% increase, it is
only logical to blame it all on Sandy. Sure enough,
this is what the Fed just did: "Hurricane Sandy, which held down
production in the Northeast region at the end of October, is estimated to have
reduced the rate of change in total output by nearly 1 percentage point."
So let's get this straight: Sandy - which hit on October 29, or with
about 94% of the month of October done and impacted New York and New Jersey, not
the entire US, is responsible for 250% of the entire October 0.4% drop? Can
we please get back to the "It's all Bush's fault" excuses already. At
least those were idiotic and funny. Blaming everything on Sandy is just the
former. And yes, capacity utilization for the entire USA which
came at 77.8%, the lowest since November 2011, and well below expectations of
78.3%, was obviously crushed by a tropical storm that impacted New York and New
Jersey for 3 days in the month. Brilliant.
Submitted
by Tyler Durden on 11/16/2012
With
precisely 13 working sessions left for Congress in 2012, it is time to ratchet
up the can kicking rhetoric a bit. Sure enough, here comes the White House, via
the Wall Street Journal, doing just that.
Because
when unable to reach a compromise over anything, what is the best option? Just
stick head in sand, and demand that the Mr. Chairman gets to work. As for the
news above, this is largely irrelevant for the actual fiscal cliff negotiations
and the futures buying algos are once again in for a rude awakening.
Submitted
by Tyler Durden on 11/16/2012
http://albertpeia.com/bananarepublicusromneyvotestowobama.htm
Greenspan:
Recession ‘small price to pay’ to fix debt
money.cnn.com | Recession would be a “small price to pay” for getting the nation’s debt problems under
control.
[ .. (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
]
AP Business
Highlights
...Yahoo Market
Update…
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
_______________________________________
{ some prior links of current interest
}