Business Summary Links By Day
Dave’s Daily: http://www.etfdigest.com ‘FISCAL CLIFF HAUNTS LIKE
Y2K 12-03-12 { Let me just interject
here that nearly a trillion dollars (without a decade’s worth of debasement)
was spent to avoid the ‘nonevent’} Most of you remember the hype and angst over Y2K in late
1999 no doubt. But it turned out to be a nonevent. The fiscal cliff seems
profound in a different way but may result in just another shrug. In Europe the
PMI was higher but still posted the 16th straight month of
being under 50 (46.2 vs 45.4 previously). In China the PMI dropped slightly
(50.4 vs 50.6 expected) which had some thinking this was a positive when it
wasn’t. U.S. ISM Mfg Survey was
surprisingly negative (49.5 vs 51.7 expected & prior 51.7) to a low of July
2009. Some of this was blamed on hurricane Sandy which seems to be the ongoing
excuse for any poor data point. Construction Spending was higher (1.4% vs .4%
expected & prior .6%) also influenced by Sandy.J.P. Morgan (JPM) suggested
in a research piece that sales of iPhones could impact 4th quarter
GDP by around 33%. This is quite stunning frankly. At the same time the company
is cutting 4th quarter GDP growth 1.5%. Stocks opened higher
early as investors shrugged-off negative fiscal cliff comments from the dueling
parties believing instead that a deal will ultimately be reached before year
end. But the contradiction remains that economic data continues to weaken and
raising taxes now would seem dumb. As the day wore on selling became more
apparent even as the GOP
submitted a plan to raise to raise revenues and cut spending.Stocks rose
initially but then faded as the day wore on especially after the ISM Mfg data
was released. As noted in the daily DJIA below you can see how markets are
dancing around the 200 day moving average which is an important measure for
many investors. The dollar (UUP) was much weaker while commodities were only
mildly stronger. In the past, bulls have favored a weak dollar allowing stocks
and commodities to rally. Monday didn’t
produce that effect clearly. Gold (GLD) rallied only slightly while commodity
tracking ETF (DBC) was modestly higher along with oil (USO). Bonds (TLT) were
weaker early then rallied into the close leaving things overall mostly
unchanged.Not always as reliable as longer term views but in our data base of
over 600 indexes and ETFs we have a long list of trend exhaustion indicators
from DeMark 9s. This can cause shallow reversals along with some sideways
movement.
Volume
was light as investors are pulling in their horns waiting for Washington to
resolve their differences. Breadth per the WSJ was negative…’
Heffernan: Microsoft is back — Why the dorky Apple rival is
suddenly cool { Forget cool, when it comes to computers/computing, I’m more
concerned with stability and performance. As a critic of Microsoft beyond their
breakthrough windows 2000 (professional) and word offerings, I felt compelled to
comment here. XP was a dog and deserving of
criticism (innumerable problems including acting as a ‘virus magnet’).
Quite by ‘accident’, I plugged in an old apple usb mouse and my problems with
vista literally disappeared (I then ordered a new usb mouse for right-click,
scroll capability). Vista is by far and away superior to xp in every way. It
apparently was the legacy mouse and problems created thereby (with ram,
resources, cache/processor, etc.) that impaired stability and performance and
I’m happy to say thus far, vista (with updates to date) is a solid successor to
2000 and microsoft’s best operating system to date (I have my fingers crossed
as I said that … just kidding!). }
Submitted
by Tyler Durden on 12/03/2012
Three
months ago, as part of our ongoing explanation of what happens next to the
Fed's balance sheet (which is now established as official canon in advance of
the December 12th FOMC, when Bernanke will effectively announce QE4 consisting
of $40 billion in MBS and $45 billion in unsterilized TSY purchases as we predicted
the day QE3 was announced), we said that "the Fed will continue
increasing its 10 Yr equivalents by roughly 12% (of the total market) per year,
for at least the next 3 years, at which point it will own 60% of the
entire Treasury market. It means that the Fed will monetize all gross long-term
issuance every year for the next 3 years." Most looked at the
bold sentence without it registering just what it means. Perhaps, now that the
"serious" media has finally taken on the topic of applying a
calculator to the one driver of all marginal risk demand, it will register a
little better: in a Bloomberg story titled, appropriately enough "Treasury
Scarcity to Grow as Fed Buys 90% of New Bonds" we read that "the
Fed, in its efforts to boost growth, will add about $45 billion of Treasuries a
month to the $40 billion in mortgage debt it’s purchasing, effectively
absorbing about 90 percent of net new dollar-denominated fixed-income assets,
according to JPMorgan Chase & Co." Actually that's incorrect
and it is more like 100%. What is however 100% correct is what the bolded means
in plain language: it is now accepted that the Fed will outright monetize all
gross US issuance. Let us repeat this sentence for those who just had
flashbacks to Adam Fergusson's "When money dies." The
Fed is now monetizing practically all net new debt. So what did the
Chairman say about this absolutely certain eventuality back in 2009 to
Congress...
Submitted
by Tyler Durden on 12/03/2012
The recent release of the ISM Manufacturing index continues to point to
signs of a slowing economy.
This (49.5) reading, which is what is reported by the bulk of the mainstream
media, is fairly meaningless. Remember, economic change happens at the
margins. Since the PMI is more of a "sentiment" index
(it is a diffusion index that measures positive versus negative sentiment
on various areas from employment to production to inventories) it is a
better used as a gauge about what businesses will likely do in the future based
on their current assessment of conditions. The importance of the change in
sentiment is lost on most economists who have never actually owned a
business. However, it is clear that the fiscal cliff, the recent storm,
and the continuing Eurozone saga are continuing to erode business
sentiment. This erosion in sentiment in turn affects economically
sensitive actions such as production, employment and investment.
Submitted
by Tyler Durden on 12/03/2012
And so the US debt
ceiling of $16.394 trillion is now just $64 billion away.
Submitted
by Tyler Durden on 12/03/2012
Europe
started to bleed after the Spain bailout debacle but from the open, US markets
fell. They plunged on the ISM miss, bounced to VWAP in their wonderfully
efficient way, and then spent the rest of the day shaking off the idiocy of
last week's window-dressing. S&P 500 futures (ES) fell from 1424 highs to
close at the day's lows around 1407 (still around 10 points rich to short-term
Treasuries). When the ISM hit we saw Gold rally and Stocks dump to
recouple the two assets for the day but overall it was stocks that
were harder hit than other risk assets today - though evidently they were also
major outperformers last week, so this is catch down as opposed to
over-pessimism for now. Stocks were weak today in the face of a weaker
USD (correlations breaking down) and a relatively unchanged Treasury
market. Gold, Copper, and Oil all closed clustered together just in the green
with Silver outperforming and VIX jumped 0.75 vols to 16.6% (highest in
two weeks). High-yield credit had quite a day...
Submitted
by Tyler Durden on 12/03/2012
No
matter what you were told by the media (or your friendly 'stay fully invested'
local wealth-manager), the equity market's exuberant surge of the last few days
is evidently one of the clearest month-end window-dressing efforts (to
desperately avoid redemptions) that we have seen recently (when put in context
of the rest of the world's markets). Who is wrong? Who is right? We suspect we
will see the truth (3 F's of US Fiscal Policy) shortly.
Submitted
by Tyler Durden on 12/03/2012
There
is little detail (more to come) but Boehner's office has just released his
rebuttal to Obama's so-called 'un-serious' offer. These numbers do not appear
like any change - just as Obama's was no change - so much for compromise. It
seems politicians now have zero-beta for the algos - who have given up now the
month-end is over...
Full
letter below
Submitted
by Tyler Durden on 12/03/2012
There
is only one problem with the home builders - expectations are way too
high. The builders are not only priced for perfection (as
we noted here) by the market, the builders themselves have business
strategies that are modeled for perfection. We believe the bar is set
at an unattainable level. In summary, the building model is
flawed. Here is why.
Submitted
by Tyler Durden on 12/03/2012
"High ranking generals and admirals earn their stars. They
earn their stripes. Then, they earn their cash." Citizens
for Responsibility and Ethics in Washington (CREW) has just released a
fantastic new report on the revolving door between the Pentagon and the private
sector, which raises serious concerns not only about ethics and corruption
within the defense sector, but also raises issues of national security if
retired generals are merely acting as mercenaries once they retire. As
Mike Krieger notes: "When I first figured out the gigantic ponzi
scheme, theft and fraud within the financial system... I never imagined the
same thing goes on in virtually every sector of our corrupt crony capitalist
economy... including the military." Absolutely incredible...
Submitted
by Tyler Durden on 12/03/2012
Those
who have been reading our 2+ year series tracking the ridiculous "bottom-left
to top-right" trend in GM dealer inventory channel stuffing, know all
there is to know about the modern day equivalent of AOL (in which the purchases
of modern equivalents of "dial up connections" are funded by loans
from the US government itself), in both (non government backstopped) business
continuity terms as well as in channel stuffing notoriety. Which is why we will
present the November
update of total dealer "inventory" (which rose to a record
for the fresh-start company 788,194, or a record 99K increase in two
months) a without commentary, except to say: WTF!?
Submitted
by Tyler Durden on 12/03/2012
Oaktree
Capital's Chairman Howard Marks went on a rather more politically-positioned
rant in his latest missive (pdf
here) but one section caught our eye more than others given the current
imbroglio:
The bottom line is that if we don't want to be Greece, we can't act like
Greece. Something has to be
done... and soon. Every year in which we add another trillion dollars to the
national debt (and tens of billions to the annual interest bill) - and every
year the excessive entitlement promises are allowed to compound - makes
it harder to solve the problem.
A
dismally honest reflection follows...
Submitted
by Tyler Durden on 12/03/2012
Remember
Michael Feroli? The JPM economist who "predicted" US Q4 GDP would be
boosted by 0.5% due to iPhone sales (don't laugh: yes, US GDP, not that of
China where the iPhone is actually produced, but the US where the consumer
merely incurs more record student loans to be able to afford it)? Well, the same
JPMorganite has now cut his Q4 GDP expectation to 1.5% for all the same reasons
why we penned the second Q3 GDP revision: namely ugly internals, a surge in
hollow government and inventory contributions to "growth", and a
collapse in the purchasing power of the US consumer (who somehow is still
expected to boost Q4 GDP with iPhone sales). And while there is no mention of
the iPhone in his just released downward revision, he still believes the cell
phone will provide a boost to Q4 GDP. In other words, of the 1.5% in
GDP growth in Q4, the iPhone will account for 33% of this! One really
can not make this up.
Submitted by Tyler
Durden on 12/03/2012
Remember
when fundamentals mattered? Neither do we, and why should they: the New Normal
market has long since stopped pretending to be able to discount a future that
is entirely politically driven, and thus irrational, and the only thing that
matters is being able to respond as fast as possible to blinking red headlines.
This explains the best performing asset classes on November: at the very top,
something one would never expect to see - the Nikkei, which soared on
"hopes" the return of politician Shinjiro Abe would mean the
nationalization of the BOJ, 3% inflation targeting, and a surge in
monetization. And while this is good for Japanese equities, it would crush all
local banks who hold the bulk of their assets in JGBs, which would in turn
plunge, and likely result in another bank sector bailout, no to mention
annihilate pension funding for tens of millions. But such is the new normal.
Submitted by Tyler
Durden on 12/03/2012
So
much for the 3rd Recovery (or is that 4th?) in the current depression:
following the Chicago PMI which posted a solid beat on horrendous internals,
today's Manufacturing ISM came in just as expected, at least by those skeptical
of all the sugar high economic data the US population was spoon fed in the past
few weeks. At 49.5, the headline PMI print was the lowest since July
2009, the biggest miss to expectations of 51.4 in 5 months, and down from 51.7.
Also, as most know, as sub-50 print indicates a contraction in the
manufacturing space, usually a precursor to overall recession. Particular data
points of note: Employment down from 52.1 to 48.4; New Orders slide from 54.2
to 50.3, and in the worst news for GDP Exports declined, Imports rose and
Inventories plunged - which was to be expected after a huge inventory build up
in Q3 pushed GDP much higher in the period. Expect even more downward
GDP recessions on today's ugly data. Finally, while the bulls would
love to blame the collapse on Sandy, it was not mentioned anywhere in the
release and the ISM's Holcome said just one respondent even mentioned Sandy in
the release, which means the manufacturing reality will only get worse as the
full impact of Sandy is internalized.
Submitted
by Tyler Durden on 12/03/2012
Submitted
by Tyler Durden on 12/03/2012
Today's
"trading", in a repeat of what has become a daily routine, can be
summarized as follows: flashing red headline about Fiscal Cliff
hope/optimism/constructiveness out of a member of Congress who bought SPY calls
in advance of statement: market soars; flashing red headlines about
the inverse of Fiscal Cliff hope/optimism/constructiveness out a member of
Congress who bought SPY puts in advance of statement: market plunges. Everything
else is noise, as is said hope/expectations/constructiveness too since it is
increasingly likely nothing will happen until the debt ceiling hike deadline in
March, but stop hunts must take place in a market which nobody even pretends is
driven by fundamental newsflow. Such as the bevy of PMIs released last night,
the key of which was the China HSBC PMI as reported
previously, which beat expectations by the smallest of possible increments,
at 50.5, but rising to expansion territory and the highest in 13 months, which
sent the EURUSD spiking and has kept it in the 1.3030 range for the duration of
the overnight session. Sadly, those on the ground in China hardly felt the
number was a bullish as EURUSD trading algos around the world, sending the
Shanghai Composite to a fresh post-2008 low, closing down over 1% at 1,960. But
let's just ignore this inconvenient datapoint shall we?
Submitted
by Tyler Durden on 12/01/2012
What changed in the last 30 days? Did the world just wake up to the idea that the only
way out of this quagmire is a twisted currency war that appears to have
re-ignited thanks to Abe's efforts? Something appears to have snapped in the
American psyche as the last 30 days have seen the largest physical gold
sales on record. Between the search
volume for 'bulk ammo' and this, we fear something is afoot and while
Congress fiddles as our economy burns, Bernanke going 'back to work' is perhaps
what the physical 'horders' are thinking... or maybe they understand, as we
noted here, that just as Kyle Bass has confirmed previously, Paper Gold
is just like allocated, unambiguously owned physical bullion... until it’s not.
Submitted
by Tyler Durden on 12/01/2012
The
2007 puncturing of housing market prices and the 2008 financial market swoon
are the precedents to two much larger and much more dangerous bubbles.
These more pernicious threats are the dollar bubble ("printing
money") and the government debt bubble ("borrowing
money"). While both are expanding at a sickening pace, in the
near term they deceptively make things seem much better than they are. But,
like all bubbles, they are unsustainable. The Fed is
well-aware of this dire probability, but finds itself increasingly
stuck to avoid it. The Fed's main strategic consists completely of
"hope". It's backup strategy? "Panic" and thus
the need to focus on preservation of purchasing power, and
positioning one's financial assets safely before the aftershock arrives.
http://theeconomiccollapseblog.com
http://albertpeia.com/lockdoorsanddefend.htm
http://endoftheamericandream.com
http://albertpeia.com/monstersinkholesearthquakescoming.htm
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!
}
AP Business
Highlights
...Yahoo Market
Update…
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
_______________________________________
{ some prior links of current interest }
