Business Summary Links By Day
Dave’s Daily: http://www.etfdigest.com ‘REVERSAL ON HEDGE FUND
REDEMPTIONS 12-06-12 There were hints in the news on Thursday of cracks in
the GOP unity on higher taxes. This was led by the ubiquitous compromiser in
chief former Senator
Judd Gregg who was willing to utter “higher
taxes” to give his colleagues an
assist. After all they’re
not stupid and read polls indicating people want to tax the so-called rich. As
EU head Jean-Claude Juncker recently
stated: “We know what to do, we just
don’t know how to get reelected
if we do it.” I guess that sums things
up nicely. Speaking of Europe, Mario Draghi held his press conference Thursday
and basically made no policy changes but indicated the eurozone would see
weaker economic growth. This drove the euro (FXE) lower and dollar (UUP). He
didn’t comment honestly about
Greece being downgraded to CCC by S&P as “defaulted”.
This mean the ECB and other alphabet rescue funds, would be buying Greek
defaulted debt as collateral on bailout funds. Well, not to be too upset since
our own Fed has done the same with TARP and allowed banks to reclassify bad
debt as solvent.In other news of pedestrian variety cash moved back to
struggling Apple (AAPL) shares. The stock hit $518 or so early in the day then
rallied. Hedge funds largest position has been Apple but some funds are being
shut forcing them to unload shares. (One example Thursday was Diamondback
Hedge Fund being forced to close by redemption demands.) One fund’s problem may present collateral damage to other
hedge funds that are also seeing redemption demands. And, Apple has been in a
steady decline which may have been the result of redemption demand but had also
been triggering trailing investor stops exacerbating the situation. Perhaps
once this forced selling ends, the stock the coast will be clear for investors
to buy. Jobless Claims beat estimates (370K vs 380K expected & prior rising
to 395K from 393K) but this number is always “seasonally adjusted”. The NSA (unadjusted) showed a shocking jump to 498K
from 358K. Also the Challenger Job Cuts jumped to 57K from 47K. Taken together
this wasn’t good news.In Canada the
PMI collapsed (47.5 vs 58.2 expected & prior 58.3) which just shows how
weak the global economy is. In China it’s
been reported by MarketWatch that Fitch has seen great risks in the magnitude
of investment products being issued there—100
new products a day with over $2 trillion in assets. Fitch
worries about the quality of these products and if they’re a Ponzi Scheme.And, lastly you’ve seen that I many others have written snarky
commentaries about end of month, quarter and year “window dressing”
which by the way is illegal per the SEC. Now comes forward Jason
Zweig from the WSJ suggesting that this activity is commonplace.As indicated
stocks reversed course and turned modestly higher led by oversold tech and
Apple overall. Commodities (DBC) & (USO) fell with the rising dollar while
gold (GLD) rose oddly once again. Bonds (TLT) were slightly higher in price.
Many stories are having us set-up for a poor Non-Farms Payroll Report Friday. Volume once again reverted
to ultra-light conditions once again. Breadth per the WSJ was mixed…’
The 10 biggest U.S. corporate layoffs of 2012
Cost of presidential race officially surpassed $2 billion {
In the end, ‘the election’ was (fraudulently) fixed anyway. What a waste of
time, money, and resources! What a failed nation pervasively corrupt, defacto
bankrupt america is! }
http://theeconomiccollapseblog.com
http://albertpeia.com/taxestoohigh.htm
http://theeconomiccollapseblog.com
http://albertpeia.com/badjobsnojobsdownfallusworker.htm
Submitted
by Tyler Durden on 12/06/2012
The
technicals were in charge today as S&P futures coiled around VWAP early on,
tested lows, then pushed to highs (coinciding with the 50DMA) - ending the
day-session in the green. Low volume and low average trade size suggest this
was not the pros filling their boots and the lack of enthusiasm among Treasury
traders (despite a very late day ramp higher in yields), FX traders (EUR
weakness dragged USD back to Unchanged on the week), and Oil (ending the day
-2.9% on the week) didn't fill us with fear of a next leg higher (for now). Gold
and stocks traded tick for tick most of the day as the precious metal toyed
with $1700 again and HYG (the high-yield bond ETF) also recoupled with
SPY (stocks) all day (shifting richer to its fair-value). Of course, AAPL is
the name of the day with its death spiral, VWAP save, and VWAP reversion amid
gigantic volume - but low average trade size (to close +1.5%). VIX
ignored equity strength and closed +0.15 vols at 16.6% (very close to where it
opened).
Submitted
by Tyler Durden on 12/06/2012
Just
yesterday, Goldman
Sachs suggested its clients should sell their gold (to them?) as the
precious metal cycle had turned. It seems Morgan Stanley disagrees; the
firm's preferred fundamental metal exposure for 20913 is Gold.
Expecting Silver to outperform also (given its 'cheaper' store of value), MS
believes nothing has changed on the fundamental thesis for owning gold as the
adoption of QE 3 (and 4...) and the ECB's commitments (and BoJ) remain the most
important factors for a continuation of weakness in the TWI trend for the US
Dollar. They also add that low nominal and negative real interest rates,
ongoing geopolitical risk in the Middle East and continued mine supply issues
are also supportive. From India and ETF demand to central bank buying
and USD weakness - MS seems to be buying what GS is selling (or is
less about muppet-mauling).
Submitted
by Tyler Durden on 12/06/2012
Just
a few months back we noted the
FBI's arrest of Tony Mack, the Mayor of New Jersey's salubrious capital
Trenton. Today, via AP, the mayor and his brother have been indicted on eight
counts of extortion, bribery, and mail and wire fraud. The Mayor has continued
in his position - even since the September arrest - but the federal
indictment relates to an alleged scheme to accept $119,000 in bribes in
exchange for his influence in the development of a garage on city-owned land.
Shocked? not so much; but it seems maybe "Trenton Makes, The Mayor
Takes" is more appropriate.
Submitted
by Tyler Durden on 12/06/2012
With
debt ceilings being summarily dismissed and billions and trillions of dollars
being thrown around like confetti, we have become almost entirely
de-sensitized to the colossal size of the numbers involved (and to be
frank de minimus impact from any 'compromise'. In order to comprehend the size
of the US Debt load, Demonocracy
created this video visualized in physical $100 bills. And
you thought a Jumbo-Jet full of cash was a lot...
Submitted
by Tyler Durden on 12/06/2012
UPDATE: Senate
Republicans block vote on President Obama's debt-limit plan
The
Pharaoh-like power-grab of omnipotence that Egypt's Morsi recently pulled seems
to have set a precedent among newly 'elected' leaders. This morning, as per
Bloomberg, we hear that Obama (and his viceroy Harry Reid) plan to demolish the
idea of congressional checks on the debt limit. Incredibly ironic timing - given
our previous post (in which Rick Santelli explains why this is a potential
disaster), but placing that much unlimited money power in the hands of one man
seems like a mistake:
McConnell's response: “Look: the only way we ever cut spending around here is by
using the debate over the debt limit to do it, now the President wants to remove that spur to cut
altogether.”
Submitted by Tyler
Durden on 12/06/2012
Since
the 2nd Liberty Act of 1917 birthed the debt ceiling, due to issues financing
USA's entry into World War I, CNBC's Rick Santelli notes that there has been
many documented 'violations'. However, as Rick so vociferously points out
President Obama's comment yesterday on the debt limit and highlights the fact
that "to have an unlimited amount of money to call
upon is too much power power for one person. It's always in
our country been about checks and balances but I think this administration just
wants more checks and no balancing of the checkbook." Rick is right,
of course, and the current diatribe from Geithner and Obama yesterday on the
possible 'removal' of the debt limit beggars belief - and yet has become a
negotiating point to be 'traded'. While some argue the premise of the debt
limit for a reserve currency nation is nonsense, Santelli sums it
perfectly in ten little words: "Debt Ceiling Is Not The Problem. Debt Is
The Problem," adding the debt ceiling, as we have pointed out
regularly, is an important (perhaps the most important) issue facing us
currently (and inseparable from the supposed 'austerity' of the fiscal
cliff - lower spending growth not lower spending).
Submitted by Tyler
Durden on 12/06/2012
AAPL's
phoneix-like rise from the WWJTD lows this morning has been capped at
yesterday's closing VWAP. Stocks and Gold are recoupled for the week pushing
towards the highs (and high yield credit and stocks have recoupled). While
equities are pushing their highs, Treasury yields plumb new lows,
EURUSD has given up all the week's gains and more, and Oil is plunging.
So, another day, another dislocation as not even Harrry Reid's indignance can
move markets today...
Submitted
by Tyler Durden on 12/06/2012
Despite
Draghi's insistence that 'significant' progress has been made, that the ECB's
efforts have not been "killer medicine", that stocks are higher and
spreads are lower (implying the ECB "has already done much that is
needed"), and how optimistically-biased cherry-picked economic surveys are
positive despite weak economic projections; the fact of the matter is that
youth unemployment is only getting worse - much worse. Euro-zone youth
unemployment is at a record 23.9% but Spain and Italy saw the biggest jumps (to
55.9% and 36.5% respectively). Greece remains the worst at over 56%
based on last data, while Germany rests at 8.1%.
Submitted by Tyler
Durden on 12/06/2012
Two
months ago, there were various prominent pundits who were furiously mocked and
ridiculed by those whose job in the media it is to mock and ridicule, for
suggesting what most know: that economic data is widely nuanced, massaged,
adjusted, goalseeked and outright manipulated by various political interests.
That someone would feign outrage by this allegation is laughable at best (and
sorry, the "too many people were involved to keep it a secret"
excuse is now absolute rubbish following the confirmation of Liborgate, yet
another conspiracy theory until it became a conspiracy fact), yet all the
"serious" outlets of insight did just that. Now that the election is
over, for one reason or another "unnuanced" normalcy is about to
strike back with a vengeance, as soon as tomorrow with the official release of
November jobs data. And if the just released Gallup unemployment data is any
indication, the amount of outright goalseeking by the fine folks at the BLS was
nothing short of startling. Because after recording an adjusted unemployment
rate of 7.4% in October, the November unemployment rate, based on a random
sample of 29,308 adults, soared by a whopping 0.9% in one month to
8.3%, the most since the Great financial crisis itself! And
furthermore, at 8.3% the unemployment rate is now the highest since May. Is it
time yet for all those sellsiders to admit they were wrong weeks after
producing beautiful pitchbooks of how 2013 will be "different this
time" and the economy will soar? Or should we wait a few weeks first?
Submitted
by Tyler Durden on 12/06/2012
As
we have discussed a number of times (most
recently here), the infiltration of Goldman Sachs alumni into the highest
ranks of political and monetary policy 'running the world' ranks is becoming
pandemic. What is perhaps even more surprising is the fact that during the
ECB's press conference this morning, the head of the world's 'almost'
most powerful entity had to defend himself from such crackpot,
tin-foil-hat-wearing, digital-dickweed-esque conspiracy theories that Draghi's
affiliation to the Mother Squid is of greater importance than his current
professional position. The sadly ironic aspect is that Draghi's
membership of the Goldman Sachs-sponsored G-30 warranted more discussion during
the press conference than that of Italy's Monti debacle (or Greece's
"killer medicine").
Submitted
by Tyler Durden on 12/06/2012
As
predicted in our overnight summary piece titled, "Sentiment
Shaken By Concerns Of Political Circus Returning To Italy" Europe
appears set to be gripped by yet another political crisis, this time by the
country that most forgot in 2012, with the attention focusing primarily on
Spain and Greece. The reason is what some may call Berlusconi's revenge, who
after being eliminated by the ECB in November 2011 when Draghi sent Italian
bond spreads soaring, and made Berlusconi's departure a condition to returning
normalcy in exchange for planting yet another Goldman tentacle in Italy, Mario
Monti, has now shaken the credibility of his successor by having his party PDL
abstain from a vote of confidence in favor of Monti's growth measures. The
result, as Il Giornale reported moments ago, is that the "the
government is increasingly hanging by a thread". It continues: 'Now
Prime Minister Mario Monti is likely to no longer have the numbers in
parliament. The majority creaks." Is this the end of the
technocratic quiet in the austerity regimes? And if the people have said Basta
to Goldman and its appointees, does this open the door wide for the likes of
Berlusconi to retake the power and force Goldman to scramble to regain status
quo "normalcy" for another several months just as every sellside firm
has bet the ranch on a global renaissance in 2013?
Submitted
by Tyler Durden on 12/06/2012
A
month ago, just before the market tumbled only to be rescued by a completely
idiotic goal seeked narrative on November 16 that Congress and the President
were close to a compromise on the Fiscal Cliff, since repeatedly refuted, we
presented an update of NYSE margin debt and net investor net worth. The
data was disturbing as it showed that just as the market had hit its 2012 peak
so far, investors were truly "all in" stocks, and that "Margin
Debt as of 9/30 hit $315 billion: a jump of $30 billion from the prior
month, and the highest since March 2011, just before the market tanked.
And confirming that there is simply no cash on hand to pay for margin calls
when they start pouring in after today's massive sell off, is the total Net
Worth, which in September was the lowest since April. Because with record
complacency, and the Fed guaranteeing no further shocks are possible, who needs
to hold cash?" Today we get the October data, and things have just gotten
worse, because Margin Debt rose once more, this time to $318 billion, the
highest in a year and a half, but more troubling is that Net Free Credit (i.e.
real disposable cash to meet margin calls) sank even deeper into the red, at a
whopping ($44) billion, the lowest since the summer of 2011. This simply means
that like last month, if and when the margin calls start coming in, speculators
will have no choice but to commence liquidating levered positions as there is
simply not enough cash to fund capital losses. Which probably explains the
resilience of the S&P: one or two 1% down days and Congress will get a far
greater impetus to get a Fiscal Cliff deal done. Which, paradoxically, is
precisely what needs to happen.
Submitted by Tyler
Durden on 12/06/2012
S&P
500 futures (ES) are jumping around like a penny-stick biotech firm on FDA-day.
VWAP is the cnahor and the algos are had at work as they pull and push the index
to help manage the AAPL orders. Simply remarkable moves for the index
representative of 500 of the USA's largest stocks...
Submitted
by Tyler Durden on 12/06/2012
The
composite index has now regained its pre-financial crisis levels of
55.4. However, more important than the current level is
the trend of the data since the peak in 2010. I have noted the
previous peaks of data and while the index is volatile from one month to the
next the declining trend of the data should be concerning to those paying
attention. As we have stated in the past "economic change occurs
at the margin" so the focus on a single data point can be very
misleading. With estimates for Q4 GDP being ratcheted down sharply to roughly
1% from Q3's 2.7% annualized rate - it is very likely that the latest print in
the ISM Composite index is likely the peak that we will see
for several months. Doing more with less has now been the mantra of
businesses since the financial crisis, and despite the
$30+ trillion dollars thrown at the economy since that time, there has been
little movement by businesses to become more aggressive.
Submitted
by Tyler Durden on 12/06/2012
Late
last night S&P placed Greece into “Selective
Default” again, raising the issues, once again, of the $90
billion in Greek derivatives,
the Greek bank bonds guaranteed by the country and now at the ECB, some central
banks and some commercial banks where some clause may get triggered, various
clauses in repos, inter-bank lending contracts and guarantees by Athens of
various corporate entities all potentially seeing triggers. In the
meantime, because Americans hate to be left out of anything, we continue to
behave like fools. The raising of the tax rate on the wealthy will
operate the country for about eight days and it seems like the savants in
Washington have forgotten that there are three hundred and forty-eight days
left in the year. Secretary Geithner’s ,“We are prepared to go over the fiscal cliff,” has all of the dramatics
of some bluff on World Wide Poker. The focus on redistribution of wealth is a
secondary consideration when you cannot pay your bills. We propose that
unhappy Americans unite, buy the Abaco islands from the Bahamas, they need the
money, and begin our own island nation and let the 46.5 million on
food stamps fend for themselves. We honestly feel that way some days as the
idiocy in Washington D.C. seems to recognize no boundaries.
Submitted
by Tyler Durden on 12/06/2012
Once
upon a time Diamondback was one of the most prestigious, most desired to work
for hedge funds. That is no longer the case, because as Bloomberg reported
moments ago, the Stamford, CT-based fund, which as recently as 2010 had nearly
$6 billion in AUM, is closing down, due to concerns it could be the next SAC,
and following a flurry of redemptions, has no choice but to liquidate. What
equities will be dumped wholesale by the fund? Full list of top 30 holdings is
presented below.
Submitted
by Tyler Durden on 12/06/2012
And
so the BLS and DOL are back to "seasonal adjustments." Because in a
week in which the Sandy effect was supposed to fade, at least on a seasonally
adjusted basis, nothing could spoil the party. And sure enough, the headline
number dropped from an upward revised (how else) 395,000 to 370,000, well below
the expected 380,000. The real story, however, is how the DOL is doing all it
can to smooth the noise, because in the week ended December 1, Not Seasonally
Adjusted Initial Claims soared by 139,678 - the highest since January, to a
whopping 498,619. Compare this to the SA number of 370,000, and one can see why
in the aftermath of Sandy, it is quite clear that between hurricane distortions
and seasonal adjustments, the headline number is completely meaningless.
Confirming this was the surge in Continuing Claims, which ripped from 2,835,671
to 3,301,200, an increase in continuing claims of 465,529, or nearly half a
million, in one week! But at least the pre-election boost of
those collecting extended claims is over, with those on EUCs down by 110K in
one week, thereby ending the extended Uncle Sam handout for over a hundred
thousand Americans, who will now be forced to seek solace in disability
benefits.
Submitted
by Tyler Durden on 12/06/2012
You
know the drill: 45 minutes after the ECB announcement we get the presser. Will
Draghi say anything catalytic? Most likely not: the only variable is
whether or not Draghi sees a reduction in inflation and growth (despite all the
recent irrational euphoria from various sellside desks), leaving the door open
for negative deposit rates. Remember: the "bazooka variable" - the
OMT - is now solely in Spain's, and out of the ECB's, hands now.
*DRAGHI SAYS ECB CUT GROWTH FORECASTS, SEES `DOWNSIDE RISKS'
*DRAGHI SEES WEAK GROWTH EXTENDING INTO 2013 BEFORE RECOVERY
*DRAGHI SAYS GOVTS MUST REDUCE FISCAL STRUCURAL IMBALANCES
*DRAGHI SAYS FISCAL POSITION IN U.S. MAY DAMP CONFIDENCE LONGER
Submitted
by Tyler Durden on 12/06/2012
Submitted
by RANSquawk Video on 12/06/2012
AP Business
Highlights
...Yahoo Market
Update…
Submitted
by Tyler Durden on 12/04/2012
Eleven
states made Forbes'
list of danger spots for investors including California, New York,
Illinois, and Ohio. They warned (and with the cliff it is even more
critical), if you have muni bonds in these states - clean up your
portfolio; if your career takes you there - rent, don't buy! Two factors
determine their list of 'fiscal hellholes'. The first is whether there are more
takers (someone who draws money from the government) than makers (the gainfully
employed). The second is a state
credit-worthiness score (via Conning) based on large debts, uncompetitive
business climates, weak home prices, and bad trends in employment. Conning
rates North Dakota the safest state to lend money to, Connecticut the most
hazardous. A state qualifies for the Forbes' death spiral list if its
taker/maker ratio exceeds 1.0 and it resides in the bottom half of Conning’s ranking. See below for the 11 states to avoid...no matter
what Bob Toll, Larry Yun, Bob Pisani, or Alexandra Lebenthal tells you..
Between 2010 and 2011, New Jersey’s GDP contracted by 0.5% — more than all but three states. The state’s median household income and poverty rate both ranked third in the nation. On the other hand, the state’s tax burden on its residents was second highest in the U.S. in 2010. Residents paid 12.4% of their income in state and local taxes — higher than any other state except neighboring New York. The state has budget problems, as well, according to the 24/7 Wall St. analysis. New Jersey’s debt as a percentage of revenue was 91.6%, the fifth-highest of all states.
http://albertpeia.com/uncontrolofinternetfreespeech.htm
America's
10 best-run
and
worst-run states Marketwatch
North Dakota (left) is the best-run state,
according to 24/7 Wall St.'s analysis. { Yes, indeed! I can attest to the
worthiness of jersey and california on
the worst-run list. Yet, new york/connecticut with their (ny predominantly…connecticut
is but a suburb of new york in a very ‘go along to get along’ way … then
there’s the other beltway drain, virginia, a d.c. suburb with all d.c.’s
faults.) large scale, nation draining corruption including wall street
frauds/bailouts, etc., should make this relatively short list. }
Israel moves to build 3,000 new homes The plans include
future construction in a strategic area where critics warn would kill hopes for
a viable Palestinian state. { The never ending story courtesy of the war
mongering, illegal nuke-toting, u.n. resolutions/international law scofflaw,
war crimes nation israel. } Brzezinski:
US must stop following Israel “like a stupid mule” Kevin
Barrett | Brzezinski has
drawn an unflattering picture of US-Israel relations. { And that goes for the politicians et als as well. Indeed, while
there may have been (ie., in the past) a time that blind adherence to the
pro-israeli line was a ‘political advantage’, that’s certainly no longer the
case. In fact, for all Romney’s contra-indicated pro-israel babble, wobama’s
jewish vote from the prior election was unchanged while Romney was hurt among
other constituencies fearing a return to the moron bush neo-con/pro-israeli war
mongering mindset. } { The unfortunate
reality is that while rome burns, the ne(r)o cons fiddle with unreasonable
israeli obsessive preoccupations born of paranoia and irrational quest for
control of people who america and clinton herself warrant a separate state by way of the 2 state solution. The fact
is, america’s problems are too large and grave for attention to israeli
contrived, self-interested concerns. The reality is that pervasively corrupt,
defacto bankrupt america has neither the time nor the resources to
self-destructively ‘dance the tarantela’ with israel. }
http://theeconomiccollapseblog.com
http://albertpeia.com/34signsamericaindecline.htm
Drudgereport:
PRAVDA:
Obama 're-elected by illiterate society'... { Or ill something or
other in addition to illiterate! To reiterate and quote Ron Paul: america’s far
gone! http://albertpeia.com/obamberthemistake.htm }
UN
EYES CONTROL OF INTERNET { Come
on! The un can’t even do what they are supposed to do! Enforce resolutions as
to some nations, not others … war crimes delineated for some nations, not
others … then the corruption, wasted resources, etc.. They are the ‘uncompetent’ bent on destroying/controlling the
viability of the important free flow of information! }
‘This
is going to be a very special holiday season. The reason? It’s the last hurrah before
things get very very ugly.
Just off the cuff, you need to
know that:
1) China, the EU, and the US (comprising
over 50% of Global GDP) are in recession already. The EU has already announced
this. Look for the formal announcements concerning the US and China to hit the
airwaves next year.
2) Some data points
concerning these nations indicate that this recession will be on par with that
of 2007-2008.
A rising tide raises all ships.
Similarly, a sinking tide lowers everything. Bear this in mind as a global
economic contraction will have severe implications for everything.
Beyond the global economy, we now face
sovereign and banking crises in Europe…’
http://albertpeia.com/dominationcontrolgrid.htm
{ First and foremost
clarification: There are no elite on this planet. The grim reality for this
planet is a dominant species descended from initially notochords, primitive
chordates, and relatively more recently, primitive apes.
See generally, http://albertpeia.com/anthroindex1.htm , for a brief but sorrowful history of man. }
Hostess gets court approval to liquidate Marketwatch
{ Alas, adieu sweet hostess. As a kid (as an adult as well but can’t
afford those calories and haven’t had them in years), truth be told, though I
liked twinkies with milk, preferably chocolate milk, I invariably opted for the
cream-filled chocolate cake, chocolate iced (with the squiggle on top) hostess
cupcakes; with plain milk, of course. The ‘golden-goose-killers’ strike again!
}
FACEBOOK RESPONSE:
Bob: I'm 100% behind law enforcement in their ever
more increasingly difficult task of law enforcement, in this ever more lawless
nation, particularly in meaningfully lawless new jersey. Unfortunately, when I
went to vote, I was asked to grant facebook broad 'authority' which as a matter
of internet policy (to prevent a multitude of problems, hacking, etc.) I don't
do (facebook's very politicized in a pro-wobama way and hooked into those
goldman frauds et als, on fraudulent wall street). Since wobama people do it,
you can put in an extra vote on my behalf. I'm currently stonewalled awaiting a
formal reply from the fbi inasmuch as I must account for my time wherever I
ultimately locate. Below is some recent posted commentary and a response to
Congresswoman Roybal-Allard as per her request (I did not receive a reply from
Sen. Feinstein regarding the aforesaid matters). Hope you and your family are
well.
Regards,
Al
Dianne Feinstein: No need to
debate Republican opponent... { Riiiight! Things are going so
swimmingly (as in drowning) for the nation and california particularly.
Actually, I responded to a ‘generic’ email / facebook request from her with my
subsequent request that she help to elicit a formal response from the FBI as
promised regarding the RICO matters (the other incompetent, failed perrenial
senator barbara boxer actually had ‘made her presence known’ in the corrupted
process regarding usdcj matz/lester and the default of the u.s. which missed
the filing date which error was compounded by the misstatement of the rule in
court on the record by asst. us attorney robert i. lester); but, no response...
http://albertpeia.com/selfdefense.htm [ One thing is certain from my own direct
experience { The unfortunate
reality is what I’ve alluded to in the context of my own direct experience;
viz., america’s ‘legal system’ is an illegal system used to cover-up crimes,
arbitrarily enforce laws to apply pressure, etc., and essentially run by the
inmates of this collective criminal entity called america: http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
http://albertpeia.com/fbimartinezcongallard.htm } ; despite enormous amounts of taxpayer money
poured into the ‘federal system’, there’s relatively/proportionately very
little real significant results (an example would be the brutalizing of Martha
Stewart over a $45 thousand transaction while wall street frauds in the
trillions by the biggest players have gone unprosecuted). I believe reasonable
diligence requires self-reliance more than ever before in this nation’s
history; particularly when political correctness in some states prevents
calling a spade a spade to the substantial detriment of law enforcement! ]
11-5-11 Dear Congresswoman Roybal-Allard:
The Keynesian (economic) approach, if ever a wise prescription for ‘economic doldrums’, euphemistically speaking (there are articles/studies/data that dispute the purported effectiveness of the widely hailed ‘Keynesian remedy’ during the prior great depression), the ‘Keynesian way’ is certainly no longer a prudent approach today in light of the insurmountable debt levels of nations worldwide and in america particularly along with the concomitant over-printed, debased ‘paper currencies’ to finance same. Quite simply, there simply is not enough real value being created for redistribution, a situation exacerbated by the parasitic lightening fast, computerized churn and earn high frequency trading programs on fraudulent wall street (they should be prosecuted, jailed, fined, and disgorgement imposed for extant frauds in the trillions now marked to anything as per misguided legislated FASB rule change). [ America’s debt woe is worse than Greece’s News (CNN) — ‘Our government is utterly broke …The government’s total indebtedness is $211 trillion’. 43,454,601,693,238 Reasons Why The World Is Broke – Presenting The Interactive Global Debt Clock Zero Hedge October 17, 2011 http://www.economist.com/content/global_debt_clock ] .This is the consequence of a structural shift fed by greed and misguided policy and cannot be undone (transfer of productive capacity to ie., China, etc., ‘the bell cannot be unrung’). That said which militates against such an extension, this is an election year which probabilities suggest makes highly likely the passage of the extension. I favor your co-sponsored legislation and before the holidays simply in the name and spirit of Christmas and for no other reason whatsoever. Below is a recent comment to Opinion Writer Krauthammer’s ‘more war spending (Keynesian) position’ and an article regarding the folly of same. Immediately following is from my prior post to you concerning something of such manageable proportion and well within the government’s ability to resolve (if the government can’t accomplish this consistent with law and long overdue, then there isn’t anything the government can accomplish), along with other comments to you for ease of reference:
‘…As previously noted in a prior message to you, I had previously spoken to FBI Agent Bill Lewis in Washington who was recently promoted to the FBI Headquarters Office (D.C.) from the FBI office here in LA, and who was to be out of the office for the two weeks past. I’ll be contacting him given a reasonable time for him to ‘catch up’, from being out of the office. While independent contractor richard coan is ultimately the one to bear the burden of damages (there’s insurance and a surety covering same), coan might allude to the prior default of the u.s. government (assist. u.s. atty. robert i. lester miscounted / miscalculated the time for filing an answer / response to the complaint upon service thereof, also misstating the rule in open court before corrupt judge matz who ‘schmoozed’ things over (they both have the same employer), however incorrectly according to the ‘law’. I ordered / bought a copy of the transcript of that rather pathetic proceeding (posted in part on my website). In any event, regardless who pays me, the amounts so paid would ultimately be recovered from coan, his insurer/surety which amounts might even exceed the amount I’m willing to settle at. [There is also a judgment (referenced in the correspondence to FBI ADIC Martinez infra) that had been entered in my favor in the case, United States District Court Case #3:93cv02065(AWT)(USDCJ Alvin Thompson), worth approximately now in excess of $300,000 remains unaccounted for and which would benefit Los Angeles, etc.; and then, of course as well, the substantial damages. ] I’ve waited far too long for this matter to resolve, what should have been resolved in accordance with clear law long ago; and, which would have been resolved if not for typical u.s. corruption in the process; and, which is well within the government’s ability to resolve. In my world and way of thinking, results do count! I’ve included prior correspondence for ease of reference…’
Sincerely,
Albert L. Peia
America also leads in the illegal drug trade. In fact, many researchers reveal that the war on drugs is only utilized to control and monopolize the illicit drug trade. The US government has been caught multiple times shipping in cocaine [ http://www.youtube.com/watch?v=bQvbdiWgwsA , http://www.youtube.com/watch?v=UQNSoOX-dcw&feature=related , http://www.youtube.com/watch?v=gG1Id2qpSOE&feature=related , http://www.youtube.com/watch?v=tIEUhpxeuP4&feature=related , http://www.youtube.com/watch?v=DyM43Sw2OVc&feature=related ] , colluding with certain cartels [ http://www.americanthinker.com/blog/2011/08/does_mexican_drug_cartel_have_deal_with_us_government.html ] to control the industry, and now openly protects and transports opium from Afghanistan [ http://www.youtube.com/watch?v=ElEciFI0Pew ] . In fact, Global Research points out that in 2001, “according to UN figures, opium production had fallen to 185 tons. Immediately following the October 2001 US led invasion, production increased dramatically, regaining its historical levels.” This month, the U.N. announced that Afghanistan now provides 93% of the world’s opium production [ http://www.nytimes.com/2011/10/12/world/asia/un-reports-sharp-rise-in-opium-production-in-afghanistan.html?_r=2&ref=world ] ; up 61% compared to 2010 to a whopping 5800 tons. Although the empire tries to keep it secret, they can’t hide the hypocrisy forever. [ website archived links http://albertpeia.com/uscocainedistributionfiles.htm
Drug war hypocrisy: drug
trafficking’s big money benefits Big Brother and corrupt banksters PF Louis | The hypocrisy of the war on drugs is centers on
the amount of drug trafficking that benefits the CIA and international banking
system. Natural News February 1, 2012 [ [ http://albertpeia.com/americangovernmentdrugtrafficking.htm http://albertpeia.com/americascorruptiondrugtrade.htm http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm
http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm ] ‘The hypocrisy of the war on drugs is outrageous
when compared to the amount of drug trafficking that benefits the CIA and
international banking system. The son of a convicted notorious mobster, John
Gotti Jr, when asked in court if the family still dealt drugs cracked, “No, we
can’t compete with the government.”
Guest Post: The West Has Just
Become A Giant Banana Republic
ZeroHedge.com by Tyler Durden { Yeah! This really is too true for words!
It’s been my direct experience
for quite some time now and is quite a pathetic scenario! } Legal precedent means nothing. Rule of law means
nothing. Free speech means nothing. Their own treaties mean nothing. It’s
unbelievable. Anyone in the west who honestly thinks he’s still living in a
free society is either a fool or completely out of touch. If that seems
too radical an idea, consider that ECUADOR is now the only nation which
stands to defend freedom and human rights against an assault from the
United States, the United Kingdom, and their spineless allies. The west
has just become a giant banana republic. Have you hit your breaking point
yet? If not now… when? { { I’m really constrained to
interject my own direct experience with the FBI here; and, I must say I do so lamentably.
If you want no real results vis-à-vis organized crime which now extends to the
upper reaches, highest levels of the corrupt u.s. government, go to the FBI. I
discounted the new jersey FBI as just typical corrupt, mob infested jersey
which thinks in terms of discos/casinos. But, truth be told, they never ask the
‘tough’ questions of the biggest
criminals; ie., the biggest wall street frauds, cia connected illegal ‘drug ops’ (ops…riiiiight), federal
judges ie., trump barry, shiff, alito, etc.; but, they did go after Martha
Stewart in a very big way over a $45,000 transaction. Wow! You can’t make this stuff up. I
also don’t
believe their (understated) crime stats for even a second. I’m beginning to feel
foolish for having even put my full faith and trust in them, much less the ‘federal (judicial) system’ who share the ‘same employer’; and, despite my
antipathy for the mob, probably would have fared ‘more fairly’ with the mobsters
directly who seem to have at least some sense of the magnitude of the fraud
involved and the pervasive corruption of the system and government and maybe a
semblance of honor in this nation of protracted decline. It never would have
occurred to me back when for me, such a choice/decision was clear-cut and
simple. Such a course as mine I no longer could recommend inasmuch as there is
little difference between state/government sponsored crime/corruption and that
perpetrated by other criminal elements, from my direct experience with both,
infra: Debauchery: An American
specialty In the land
of Lindsay Lohan and Snooki, some federal workers reflect our culture all too
well. (Washington Post) [ Lindsay Lohan? Come on Mr. Milbank, hands off the low
hanging fruit. She’s totally harmless. Jersey ‘italian’ snooki? In mob infested
new jersey, who knows (one of the properties in my proceedings for which
surplus funds are unaccounted for was a top floor balconied 2 bedroom 1 and 1/2
bath condominium (beach/boardwalk front w/indoor pool/sauna) in seaside
heights, n.j. –10-31-12 Post Sandy: I’m wondering if it’s still there. ). But
debauchery an american specialty? Another rare instance wherein I agree with Mr.
Milbank completely. 25 Signs That America Is A
Seething Cesspool Of Filth And Corruption http://albertpeia.com/25signsamericacesspooloffilthcrimeandcorruption.htm . Review of flawed forensics
held close to vest
EXCLUSIVE | Documents and interviews show FBI and Justice Department officials
took steps to control information uncovered by a task force designed to examine
cases involving discredited agents. Many defendants were never notified of
flaws in cases. ‘Simply unconscionable’ (Washington Post) [ Well, I really have to say this.
I’m
awaiting word from the FBI as to resolution, one way or the other, concerning
the RICO matters which have been systematically and corruptly covered up by the
government (executive, legislative, and judicial branches of the pervasively
corrupt, defacto bankrupt u.s. government http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
) . Never in my wildest dreams would I have believed
the level and extent of corruption and criminality within the ranks of the u.s.
government before embarking upon this costly quest for justice and simple
fairness consistent with clear law (infra, regarding the u.s. government’s direct involvement in
the illegal drug trade). In this civil RICO matter, there are no innocent
bystanders; but rather, perpetrators, accomplices, and co-conspirators. When
the fbi agent initially assigned to this matter (Connecticut) abruptly
resigned/retired shortly after a conversation, though not central to my case,
wherein I had said that rudy giuliani’s father had been an (convicted) enforcer for the mob
(served 12 years? in prison, aggravated assault/manslaughter?) and then sent
him documentation owing to his disbelief. Though ultimately ineffectual
vis-à-vis my case, he was a likeable guy for whom I had and still have regard.
I then spoke with FBI Agent Jeff Rasey upon the aforesaid agent’s departure who somewhat
plaintively (‘my
call being a burden’) told me that ‘he was a Ford, and I was a Ferrari’, which he didn’t explain further. Could
anyone tell me what that means? Initially, at new jersey’s FBI office, I was ‘greeted’ by an FBI Agent who
sarcastically asked me whether I was ‘going to the disco that night’ (the documents including
sworn statements delivered to then u.s. attorney sam alito’s office in the same
building disappeared twice along with the initial assistant u.s. attorney
Jonathan Lacey with whom I had reviewed the documentary evidence, documents and
their probative value http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf . We all can infer sam alito’s reward / quid pro quo
for his cover-up by his current position on the u.s. supreme
court. There was never a question as to maryanne trump barry’s interest in corrupting
the judicial process as related to her brother’s (trump) casinos. Jersey
city boy louis freeh, labeled by former Prosecutor Larry Klayman as the most
corrupt FBI director ever (see infra, mueller seems no different, and certainly
holder’s
impeachable actions and corrupt behavior/cover-ups fit the mold, ie., fast and
furious, race bias favoring blacks, etc.) apparently covered up the RICO
violations as sent to him, and, with italian citizenship and lucrative insider
deals fits the bill. The FBI Agent Jeff Hayes of the Long Beach Office with
whom I reviewed the RICO documents and confirmed same as indicative of (drug)
money laundering was transferred shortly after meeting with him, as has been so
of FBI Agent Bill Lewis (promoted to Washington FBI headquarters) with whom I
discussed the RICO matter and case disks/dvd’s sent to the LA FBI
office (they printed the documents thereon, as per Agent Lewis), Steven Martinez,
ADIC, here in Los Angeles (see infra). So, as regards FBI flaws, coverup, etc.,
I have to believe it based on my own experience and reasonable inference. I’m currently being ‘stonewalled’ by the LA FBI office
since the departure of FBI Agent Bill Lewis.
[ .. (the following incident is my personal experience: black perps, white
victims)' ... while walking through Military Park (a sliver of a 'park' - more
a pedestrian thoroughfare/cement walks) in newark, new jersey on the way to the
bank during lunch hour, I heard the clearly audible screams/cries of what
turned out to be an old lady on the ground with blood streaming from her mouth.
I ran toward the sound of the cries, the source of which I could not see
because there were so many people in and about this thoroughfare so as to block
any vision of the source of the cries. When I came to the woman, on the ground,
blood streaming from her mouth, I asked what happened, to which she responded
she had been hit in the mouth and knocked to the ground, her purse stolen/put
inside her shopping bag, and she pointed out the criminal casually now walking
across the main street. Nobody stopped to help her, many having passed her by.
I slammed the thug to the ground so hard that, in light of all the blood and
confusion (limbic system / adrenalin flow) I thought I had been stabbed (the
blood was from his elbows hitting the pavement so hard - no one helped / a
crowd gathered / an undercover cop happened along). When I testified at the Grand
Jury Proceeding I made sure his threat on my life was set forth in prima facie
fashion so as to maximize the DA's position with both felonies ( he went to
prison - pled out ). The other case I wrote about here ( This was included on
my website in the Psychology forum discussion of 'bystander effect' / diffusion
of responsibility. ) - Having had occasion to have run down a mugger in newark,
n.j. who apparently had followed a girl from the bank on her way to the bursar
to pay tuition, though in pretty good shape, I was astounded by how totally
exhausting such a pursuit was, how much like rubber my arms were when I traded
punches with the perpetrator, and truth be told, if I had a flashlight on my
belt, I have little doubt that I would have probably used it to subdue the perp
(a police officer here in California was the object of intense criticism for
having used a flashlight to subdue a criminal after a long chase so I included
that here) . The girl was not that seriously injured, did get her pocketbook and
tuition back, and the criminal went to jail (where they belong). The other
thing about such a pursuit that amazed me was that no one else assisted the
girl or me despite being in a position to do so. I was also mugged by 4 blacks
and 2 hispanics in an incident here in Los Angeles, CA. But, to be fair and
balanced, the RICO litigation involves those uncivilized who consider
themselves 'whites' http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf
(predominantly but not exclusively jews / romans-italians / mobsters /
government slugs). http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
http://albertpeia.com/fbimartinezcongallard.htm
]
First
Ohio; Next 'The Moon'? Submitted by Tyler
Durden on 11/08/2012 While
markets are digesting the probabilities of a dramatic rise in taxes and cut in spending
as we approach the fiscal cliff, it appears that behind-the-scenes there has
been a secret plan that we can only imagine is designed to rocket-boost us over
the cliff - new manned missions to the moon. As Space.com
reports, NASA is serious about sending astronauts back to the moon's
neighborhood and will likely unveil its ambitious plans soon now that President
Barack Obama has been re-elected, experts say. They go on to comment that
"The space agency has apparently been thinking about
setting up a manned outpost beyond the moon's far side, both to establish a human presence in deep space
and to build momentum toward a planned visit to an asteroid in 2025. The new plans have
probably already been cleared with the Obama Administration but have been kept
under wraps in case Republican candidate Mitt Romney won Tuesday night's (Nov. 6) presidential
election." While the claims are that this will not increase the budget, we
suspect out-of-this-world manned outposts cost a little more than the $17.7bn
budgeted for NASA in 2013... someone is clearly eating space-cakes.
Ironic
really given our earlier post... {
Riiiiight! Sounds like a plan! After all, the new mooney gold and mooney
diamond mines on the mooney moon will pay for themselves and the mission … The reality though is a
new boondoggle to fleece the treasury/taxpayers…
Astronauts' tracks, trash seen in new moon photos
[ The easiest thing in the world to contrive (don’t forget they can with some
precision today send robotics to ie., mars, etc.) and doctor so don’t be taken
in by their fraudulent b***s***! They’re probably desperately looking for some
money / budgetary consideration for their continued boondoggles. No man has
ever set foot on the moon to date. As NASA transitions, U.S. space
politics in a state of flux
(Washington Post) [ U.S. space politics? I didn’t know there was such a
thing. But I, and I’m sure all know that ‘u.s. politics are spaced’. Flux? One
could only hope. I’d say, ‘fleeced’; as in we’ve all been fleeced. Sterner: 5 myths about NASA (Washington Post) [ If you can’t get past
the first myth; viz., that they actually set foot on the moon, the other 5 so-called
myths become irrelevant. Indeed, post-Eisenhower, and certainly
post-Kennedy-assassination / coup d’etat, NASA was all military / military
industrial complex (moreover, someone knowledgeable about such matters said
essentially that in explaining to my surprise the transition to the shuttle
program it was said there was greater military application in same). In any
event, Russia’s been doing quite a bit of ‘heavy lifting’ vis-à-vis the space
station, but not inordinately so. All I can say with certainty is that the
universe beyond this solar system is forever protected / insulated. The fact
is, they never set foot on the moon; and, in light of the pervasive corruption
in and defacto bankruptcy of the nation, their perpetual wars toward making a
hell on earth militate against anything but trying to do even just a little bit
better (for a start), terrestrially. NASA wants mission to bring Martian rocks to Earth
(AP) Why? They already have that and more: Launch of secret US space ship
masks even more secret launch of new weapon The Militarization of Outer
Space: The Pentagon’s “Space Warriors” Global
Research
| It’s not as if things aren’t bad enough right here on planet earth. Now the
Defense Department wants to up the stakes with new, destabilizing weapons
systems that will transform low- and high-earth orbit into another
“battlespace.” buzz aldrin wants to colonize Mars … Riiiiight
buzzed! Better check with DePalma to see if he already has the footage in the
can since you won’t be able to use the moon footage for the new boondoggle
video ... OBAMA
SPEECH OUTLINES PLANS FOR RETURNING DEFACTO BANKRUPT U.S. TO SPACE – OOOOOH!
SOUNDS LIKE A PLAN … FOR INNER SPACE (IMAGINATION).
http://albertpeia.com/archives.htm
FBI Nazi
Bikers Bust FBI Nazi Bikers - What's Up At The FBI/DOJ?
Infowars.com | Now is the time to put an end to Obama’s
treasonous and tyrannical behavior.
http://albertpeia.com/impeachobama.htm
Wobama’s
Choom Gang Bangin’ { This brief video (11 mb) is well done and worth a
watch! }
http://www.albertpeia.com/wobamaschoomgangbangin.wmv
PAPER:
Obama's grandfather tortured by the British? A fantasy (like most of the
President's own memoir)... {
http://albertpeia.com/wobamaschoomgangfantasy.htm }
Drudgereport: Obama: 'Sometimes I Forget' Magnitude of Recession…{
Oh! How conveniently forgetful, though the vast majority of americans don’t
have wobama’s luxury of feigned amnesia suffering from what wobama did and
didn’t do contrary to promises last time around the perpetual campaign trail
littered with his typical jive-talking b***s***! The following headline will
help him remember some of his sordid, pot-clouded high school past! }...
FLASHBACK: Obama's Sordid High School Past...
By Ben Shapiro ‘While the Washington Post has been diligently
digging into relatively innocent high school pranks
by Mitt Romney, they’ve spent the last few years diligently ignoring President
Obama’s far more controversial high school days.Obama, by all accounts, was a
habitual drug user in high school. He tried cocaine, he admits in Dreams
From My Father; he “tried drugs enthusiastically.” The Chicago Tribune
reported back in 2007 that Obama thanked the “Choom Gang” in his high school
yearbook; “chooming” was Hawaiian slang for smoking pot. The Honolulu
Advertiser reported that Obama’s senior portrait “prominently displayed …
A package of ‘Zig-Zag’ rolling papers and a matchbook.” One of Obama’s close
friends was arrested for drug possession during high school.In his memoir,
Obama talked about routinely getting high. “Junkie. Pothead,” he wrote. “That’s
where I’d been headed: the final, fatal role of the young would-be black man.”
But, according to Obama, he only got high because he was contemplating deep
matters: drugs could “push questions of who I was out of my mind.” Obama told
students in 2007 that this activity constituted “goofing off” and “wasting
time”:"I will confess to you that I was kind of a goof off in high school
as my mom reminded me," Obama said. "I went to high school in
Cracks
in the Washington Post story on Romney’s ‘pranks’ emerge
Correction
Request: Washington Post Uses Falsehood in Romney Hit Piece
Media
Downplays Obama's Past, Tries to Define Romney with Teen Prank
If we're going to delve deep into a candidate's past, let's delve deep into a
candidate's past. Here's Obama in his own words admitting to physically shoving
a little girl named Coretta. Yes, it was at this moment that the first
shot in the War on Women was fired.
http://albertpeia.com/obamashovesgirl.png
No doubt that after expending all that energy
bullying an innocent little girl, young Obama readied himself for round two by
eating a Golden Retriever. More on this breaking story here.If
you're wondering what the rules are regarding a candidate's past; how far back
we're allowed to go in an attempt to define them -- the answer is simple: the
corrupt media will let us know.
Obama WILL NOT pursue gay marriage as part of party
platform...
STONE: 'Playing a cruel
and cynical game'...
Unites Republicans?
New Black Panther Niggers Plan Newspaper Cover With
Zimmerman In Noose { and civilized people everywhere should respond with
niggers in nooses and contributions to the Klu Klux Klan! } ...
LOONEY CLOONEYLAND: BIG CAMPAIGN BOXOFFICE FOR NIGGERO
– Meanwhile, looney clooneyland ain’t doin’ so well with the niggero model –
see next headline! ...
Failed Wobama model illustrated: 16 Reasons To Move Away From
Postal Service loses $3.2b in first quarter...
78% of
_______________________________________
{ some prior links of current interest }