Business Summary Links By Day
Dave’s
Daily: http://www.etfdigest.com ‘EOCNOMIC DATA HOLDS
SURPRISES Out of the gate this morning
was the whopping surprise in the monthly employment report (146K jobs added vs
85K expected & prior 171K) and the unemployment rate dropped (7.7% vs 8%
expected & prior 7.9%). This looked great didn’t it? But it wasn’t. And, algos don’t look too far under the
hood at details but those were awful. The largest gain was in retail (part time
holiday workers) followed by Hospitality and Leisure and Waste Services
(Sandy?) while Construction jobs lost 20K. More importantly, the labor
participation rate (only 63.6%) declined again as the number of people out of
the work force increased by a stunning 540K people. In the end, more than 200K
workers stopped looking for work.
http://albertpeia.com/daveschart12712no1.gif
Further inside
the numbers are two charts that really indicate what’s happening within age groups.
http://albertpeia.com/daveschart12712no2.gif
http://albertpeia.com/daveschart12712no3.gif
Stocks rallied initially on the employment report as
algos jumped on the headline beat but then settled lower after the largest miss
in history for Consumer Sentiment (74.5 vs 82 expected & prior 82.7). The
combination of these two reports became a head scratcher for investors. Consumer
Credit expanded to $14.2 billion vs $12 billion expected with most of this
allocated to the expanding Student Loan bubble. The latter is now over $1
trillion with 11% now over 90 days past due. (Isn’t it curious how “$ trillion”
is now ubiquitous in our dialog?)Meanwhile in fiscal cliff news House Speaker
John Boehner had a mini-press conference where he stated: “Obama is slow-walking to the fiscal cliff.” An hour later House Minority Leader Nancy
Pelosi gave a rambling press conference which was relatively hard to
understand. She indicated (something rumored) that raising the tax rate to 37%
vs 39% as expected she may not know if that will bring in enough money.
Frankly, even taxes at 39% won’t
bring in enough money to change the deficit and debt much. Frankly, it’s all a game but we must assume negotiations are
continuing among parties behind closed doors.In China markets rallied on the “belief”
economic data released this weekend will be positive. The euro (FXE) continued
to fall as the German Bundestag cut economic forecasts reiterating what the ECB
forecast Thursday. Naturally this meant the dollar (UUP) rose but moderated
after employment and Consumer Sentiment data was given a second look.Large cap
stocks (IBM, CVX, MCD, WMT and so forth) continued to climb while tech fell
once again led by renewed selling in Apple (AAPL). The assumption with some
stocks like Apple has to do perhaps as forced hedge fund liquidations add
collateral damage to other investors as stops are hit as selling feeds on
itself for now. Financials (XLF) and banks (KBE) were also leaders.Bonds (IEF)
were weaker and this may be a defensive move as the Fed meets again next week.
Commodities (DBC) (USO) weakened on the higher dollar and fears over weakening
global economic growth. Gold (GLD) was flat overall and may also be seeing some
hedge fund liquidation as many very large funds have heavy weightings in the
metal. (Paulson’s funds for example) Speaking
of hedge funds, the mammoth SAC hedge fund has seen fund managers now named as
co-conspirators in the insider trading case recently uncovered by the SEC. In the late Friday news
dump is a note from MarketWatch that key SEC commissioner Aguilar is willing to allow
floating NAV money market funds. This could drive money away from brokerage accounts
and be a big deal. Volume on Friday was again quite light while breadth
remained mixed…’
Big
banks planning layoffs Marketwatch It's not going to be happy holidays for many on Wall Street as
word comes that Citi won't be the only bank laying off workers before year-end.
Submitted by Tyler
Durden on 12/07/2012
By
now there can be no doubt that due to Bernanke et al's endless
intervention in any and all capital markets, the "market" is no
longer a mechanism that discounts the future in any way. In fact, instead of
predicting the future, all the market has become is a backward looking race in
which collocated algos respond to historical data - flashing red headlines -
and attempt to out run each other in who can buy or sell more free for all,
knowing full well at least one other greater fool will be behind them to pick
up the pieces. Sadly, fundamentals as a driver to valuaton no longer exist. But
such is life under central planning. Yet there is one thing that the
market responds to - it is politicians and the uncertainty that political risk
brings with it. This certainly includes that most political of organizations,
the Federal Reserve, whose stimulative intervention into capital markets two
months before the presidential elections was without precedent. Yet even here,
the market has managed to decouple from reality, and is trading at level far
greater than what political uncertainty risk implies. As the chart below from
Citi's Matt King shows, a correlation between BBB spreads and a broader
proprietary uncertainty index, there is currently a roughly 50%
political risk premium that is not being priced into stocks.
Submitted by Tyler
Durden on 12/07/2012
Being
forced to endure and survive a catastrophic macro event like a monetary or
social collapse is perhaps one of the worst experiences I could imagine.
Such a crisis leads to just about every crime and inhuman action in existence,
and, the time required for a culture to right itself and rebuild is severely
protracted. A hurricane or earthquake or tidal wave; these calamities are
short lived and easy in comparison. The point is, as survivalists who are
preparing to make an economic end-game scenario as “comfortable” to live through as we
can, it is incumbent upon us to consider the kind of company we keep during the
gambit. Some allies will make that mad world bearable; others will bring
the madness to your doorstep.
Submitted
by Tyler Durden on 12/07/2012
Following
the passage of ObamaCare, several of the smartest people
I know claimed that the bill was actually written by and for the drug
and insurance companies rather than “the people” as Obama had
claimed. In recent days it
has emerged that Liz Fowler, who is said to have been one of the key architects
of ObamaCare, is doing what any good revolving door crony capitalist would
do. She is moving to the private sector to receive her payoff. Revolving
door on Wall Street. Check. Revolving
door at the Pentagon. Check. Revolving door in
Healthcare. Check mate. Welcome to America. Check
your freedom at the door.
Submitted
by Tyler Durden on 12/07/2012
We
face one of the deepest crises in history. A prognosis for the economic future
requires a deepening of the concepts of inflation and deflation. Inflation is a
political phenomenon because monetary aggregates are not determined by market
forces but are planned by central banks in agreement with governments.
Inflation is a tax affecting all real incomes. Inflation is a
precondition of extreme deflation: depression. Should in fact the
overall debt collapse, there would be an extreme deflation or depression
because the money aggregate would contract dramatically. In fact the money
equivalent to the defaulted debt would literally vanish. It is for this reason
that central banks monetize new debt at a lower interest rates, raising its
value. All the financial bubbles and the mass of derivatives are just
the consequence of debt monetization. How will this all end? In
history, debt monetization has always produced hyperinflation. In Western
countries, despite the exponential debt a runaway inflation has not yet
occurred. Monetary policy has only inflated the financial sector, starving the
private one, which is showing a bias towards a deflationary depression. Unfortunately
governments and banks will go for more inflation. As history teaches, besides
money the freedom of citizens can also be the victim.
Submitted
by Tyler Durden on 12/07/2012
According
to Reuters: "Canadian authorities have approved the acquisition of
Nexen Inc by China's CNOOC Ltd, a source familiar with the matter said on
Friday." It appears Canada decided against infuriating Chinese
M&A overtures after all, imminent protecetionist political kneejerk
reaction notwithstanding.
Submitted
by Tyler Durden on 12/07/2012
Your
comprehensive yet concise, one-stop summary of all the bullish and bearish
events of the past week.
Submitted by Tyler
Durden on 12/07/2012
Of
course, it makes perfect sense - the largest market cap company in the world
drops further and experiences a death cross and sure enough - the evergreen
Dow Jones Industrial Average ended near the highs of the day - well north of
the critical 'retirement-on' 13,000. In general risk-assets were
quietly correlated with stocks today (amid relatively quiet volume on the major
averages) but we note that the capital structure ETFs in general were less
exuberant - though they did get a little bounce after the consumer credit data.
All-in-all, the Dow stood alone in its non-AAPL exuberance as
the rest of the market was mired in the sentment shift that is occurring (note
the Dow saw ts 50DMA cross below its 100DMA and its closed perfectly
intersecting with those averages). Must be the 'great' jobs number, right?
Treasury yields end near their lows of the week, USD near its highs, Gold down
on the week though at 3-day highs (supporting stocks), and high-yield
credit weak today. Paging Skynet...
Submitted
by RANSquawk Video on 12/07/2012
Submitted by Tyler
Durden on 12/07/2012
In
just over one hour the Canadian government will hold a press conference on the
troubled Nexen/CNOOC deal: a deal that will make or break many M&A merger
arbs or 2012. And judging by the algo reaction in the past few minutes, i.e.,
the complete collapse in NXY stock, the deal is off. So who is about to get
crushed? Below is a sort of all hedge and mutual funds who added the most NXY
stock in Q3, i.e., those who decided to pick pennies in front of a steam roller
in hopes the Canadian government lets the deal through, with far more downside
than upside if said assumption fails. All we can say is: Oops Paulson....
Again.
Submitted by Tyler
Durden on 12/07/2012
A
month after consumer credit rose by $12 billion (revised) driven by car and
student loans, even as revolving credit declined, total consumer credit in
October once again rose in both revolving and non-revolving categories, up by
$14.2 billion, consisting of $3.4 billion in revolving and $10.8 billion in
non-revolving. This number will probably get revised lower next week. The
number which will not be revised lower is the composition of sources of consumer
credit, where the Government sourced 70% of all new loans (on a NSA) basis: $7
bilion of a total of $10.3 billion. For some perspective, the US
government has funded $114 billion of the total $156 billion in total consumer
debt in the past year. Between the Fed and Uncle Sam, who needs banks?
Submitted
by Tyler Durden on 12/07/2012
...
in under 140 characters no less
Submitted by Tyler
Durden on 12/07/2012
After its biggest miss in four years (following the pre-revision spike to the biggest beat in three years), UMich Consumer Confidence came at 74.5 relative to an 82.0 expectation (biggest miss on record). Hugely down from last month's final print of 82.7, this is the first negative print since July to the lowest since August. Expectations for the future crashed its second largest absolute print on record (-13 to 64.6) to the lowest since Dec 11. In the typical election year we see a rise in hope and confidence into the election and then a drop off after - it seems we are following that path...
Submitted
by Tyler Durden on 12/07/2012
Submitted
by Tyler Durden on 12/07/2012
In
a day in which it was all supposed to be about today's far weaker (because
there is a perfectly good alibi in the face of Hurricane Sandy) Nonfarm payroll
report, expected to print at 85,000, due out in 2 hours, once again it is the
the "rest of the world" that stole the scene, starting with a reality
slam out of Germany whose Bundesbank came out with revised forecast for German
economic growth, which collapsed projected 2013 growth from 1.6% to a
tiny 0.4%, adding that there are "growth projections risks to the
downside" in effect all but sealing Germany's recessionary fate in the
coming year, and send the EURUSD to overnight lows. Sure enough, as if
to confirm this forecast, moments ago German Industrial Production in October
tumbled -2.6%, on expectations of an unchanged print. None of this should come
as a surprise to our readers whom we have been warning for weeks and months
that the European economic malaise is spreading closer to the core with each passing
day. What this means is that as we have been saying for months, slowly but
surely the narrative that the ongoing German bailout of Greece is crushing the
AAA-rated economy will become louder and louder until it is the German people
themselves who demand a severing of all ties with Greece.And speaking of
Greece, there are simply no words to explain the stupidity of what may be
happening there. Perhaps the following Bloomberg headline captures it best:
Greece
to Buy Debt It Already Owns to Reach Target. Er, LOLWUT?
Submitted
by RANSquawk Video on 12/07/2012
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.
Submitted
by Tyler Durden on 12/06/2012
Just
a few months back we noted the
FBI's arrest of Tony Mack, the Mayor of New Jersey's salubrious capital
Trenton. Today, via AP, the mayor and his brother have been indicted on eight
counts of extortion, bribery, and mail and wire fraud. The Mayor has continued
in his position - even since the September arrest - but the federal
indictment relates to an alleged scheme to accept $119,000 in bribes in
exchange for his influence in the development of a garage on city-owned land.
Shocked? not so much; but it seems maybe "Trenton Makes, The Mayor
Takes" is more appropriate.
http://albertpeia.com/uncontrolofinternetfreespeech.htm
America's
10 best-run
and
worst-run states Marketwatch
North Dakota (left) is the best-run state,
according to 24/7 Wall St.'s analysis. { Yes, indeed! I can attest to the
worthiness of jersey and california on
the worst-run list. Yet, new york/connecticut with their (ny predominantly…connecticut
is but a suburb of new york in a very ‘go along to get along’ way … then
there’s the other beltway drain, virginia, a d.c. suburb with all d.c.’s
faults.) large scale, nation draining corruption including wall street
frauds/bailouts, etc., should make this relatively short list. }
Israel moves to build 3,000 new homes The plans include future
construction in a strategic area where critics warn would kill hopes for a
viable Palestinian state. { The never ending story courtesy of the war
mongering, illegal nuke-toting, u.n. resolutions/international law scofflaw,
war crimes nation israel. } Brzezinski:
US must stop following Israel “like a stupid mule” Kevin
Barrett | Brzezinski has
drawn an unflattering picture of US-Israel relations. { And that goes for the politicians et als as well. Indeed, while
there may have been (ie., in the past) a time that blind adherence to the pro-israeli
line was a ‘political advantage’, that’s certainly no longer the case. In fact,
for all Romney’s contra-indicated pro-israel babble, wobama’s jewish vote from
the prior election was unchanged while Romney was hurt among other
constituencies fearing a return to the moron bush neo-con/pro-israeli war
mongering mindset. } { The unfortunate
reality is that while rome burns, the ne(r)o cons fiddle with unreasonable
israeli obsessive preoccupations born of paranoia and irrational quest for control
of people who america and clinton herself
warrant a separate state by way of the 2 state solution. The fact is,
america’s problems are too large and grave for attention to israeli contrived,
self-interested concerns. The reality is that pervasively corrupt, defacto
bankrupt america has neither the time nor the resources to self-destructively
‘dance the tarantela’ with israel. }
http://theeconomiccollapseblog.com
http://albertpeia.com/34signsamericaindecline.htm
Drudgereport:
PRAVDA:
Obama 're-elected by illiterate society'... { Or ill something or
other in addition to illiterate! To reiterate and quote Ron Paul: america’s far
gone! http://albertpeia.com/obamberthemistake.htm }
UN
EYES CONTROL OF INTERNET {
Come on! The un can’t even do what they are supposed to do! Enforce resolutions
as to some nations, not others … war crimes delineated for some nations, not
others … then the corruption, wasted resources, etc.. They are the ‘uncompetent’ bent on destroying/controlling the
viability of the important free flow of information! }
‘This
is going to be a very special holiday season. The reason? It’s the last hurrah before
things get very very ugly.
Just off the cuff, you need to
know that:
1) China, the EU, and the US
(comprising over 50% of Global GDP) are in recession already. The EU has
already announced this. Look for the formal announcements concerning the US and
China to hit the airwaves next year.
2) Some data points
concerning these nations indicate that this recession will be on par with that
of 2007-2008.
A rising tide raises all ships.
Similarly, a sinking tide lowers everything. Bear this in mind as a global
economic contraction will have severe implications for everything.
Beyond the global economy, we now face
sovereign and banking crises in Europe…’
http://albertpeia.com/dominationcontrolgrid.htm
{ First and foremost
clarification: There are no elite on this planet. The grim reality for this
planet is a dominant species descended from initially notochords, primitive
chordates, and relatively more recently, primitive apes.
See generally, http://albertpeia.com/anthroindex1.htm , for a brief but sorrowful history of man. }
Hostess gets court approval to liquidate Marketwatch
{ Alas, adieu sweet hostess. As a kid (as an adult as well but can’t
afford those calories and haven’t had them in years), truth be told, though I
liked twinkies with milk, preferably chocolate milk, I invariably opted for the
cream-filled chocolate cake, chocolate iced (with the squiggle on top) hostess
cupcakes; with plain milk, of course. The ‘golden-goose-killers’ strike again!
}
FACEBOOK RESPONSE:
Bob: I'm 100% behind law enforcement in their ever
more increasingly difficult task of law enforcement, in this ever more lawless
nation, particularly in meaningfully lawless new jersey. Unfortunately, when I
went to vote, I was asked to grant facebook broad 'authority' which as a matter
of internet policy (to prevent a multitude of problems, hacking, etc.) I don't
do (facebook's very politicized in a pro-wobama way and hooked into those
goldman frauds et als, on fraudulent wall street). Since wobama people do it,
you can put in an extra vote on my behalf. I'm currently stonewalled awaiting a
formal reply from the fbi inasmuch as I must account for my time wherever I
ultimately locate. Below is some recent posted commentary and a response to
Congresswoman Roybal-Allard as per her request (I did not receive a reply from
Sen. Feinstein regarding the aforesaid matters). Hope you and your family are
well.
Regards,
Al
Dianne Feinstein: No need to
debate Republican opponent... { Riiiight! Things are going so
swimmingly (as in drowning) for the nation and california particularly.
Actually, I responded to a ‘generic’ email / facebook request from her with my
subsequent request that she help to elicit a formal response from the FBI as
promised regarding the RICO matters (the other incompetent, failed perrenial
senator barbara boxer actually had ‘made her presence known’ in the corrupted
process regarding usdcj matz/lester and the default of the u.s. which missed
the filing date which error was compounded by the misstatement of the rule in
court on the record by asst. us attorney robert i. lester); but, no response...
http://albertpeia.com/selfdefense.htm [ One thing is certain from my own direct
experience { The unfortunate
reality is what I’ve alluded to in the context of my own direct experience;
viz., america’s ‘legal system’ is an illegal system used to cover-up crimes,
arbitrarily enforce laws to apply pressure, etc., and essentially run by the
inmates of this collective criminal entity called america: http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
http://albertpeia.com/fbimartinezcongallard.htm } ; despite enormous amounts of taxpayer money
poured into the ‘federal system’, there’s relatively/proportionately very
little real significant results (an example would be the brutalizing of Martha
Stewart over a $45 thousand transaction while wall street frauds in the
trillions by the biggest players have gone unprosecuted). I believe reasonable
diligence requires self-reliance more than ever before in this nation’s
history; particularly when political correctness in some states prevents
calling a spade a spade to the substantial detriment of law enforcement! ]
11-5-11 Dear Congresswoman Roybal-Allard:
The Keynesian (economic) approach, if ever a wise prescription for ‘economic doldrums’, euphemistically speaking (there are articles/studies/data that dispute the purported effectiveness of the widely hailed ‘Keynesian remedy’ during the prior great depression), the ‘Keynesian way’ is certainly no longer a prudent approach today in light of the insurmountable debt levels of nations worldwide and in america particularly along with the concomitant over-printed, debased ‘paper currencies’ to finance same. Quite simply, there simply is not enough real value being created for redistribution, a situation exacerbated by the parasitic lightening fast, computerized churn and earn high frequency trading programs on fraudulent wall street (they should be prosecuted, jailed, fined, and disgorgement imposed for extant frauds in the trillions now marked to anything as per misguided legislated FASB rule change). [ America’s debt woe is worse than Greece’s News (CNN) — ‘Our government is utterly broke …The government’s total indebtedness is $211 trillion’. 43,454,601,693,238 Reasons Why The World Is Broke – Presenting The Interactive Global Debt Clock Zero Hedge October 17, 2011 http://www.economist.com/content/global_debt_clock ] .This is the consequence of a structural shift fed by greed and misguided policy and cannot be undone (transfer of productive capacity to ie., China, etc., ‘the bell cannot be unrung’). That said which militates against such an extension, this is an election year which probabilities suggest makes highly likely the passage of the extension. I favor your co-sponsored legislation and before the holidays simply in the name and spirit of Christmas and for no other reason whatsoever. Below is a recent comment to Opinion Writer Krauthammer’s ‘more war spending (Keynesian) position’ and an article regarding the folly of same. Immediately following is from my prior post to you concerning something of such manageable proportion and well within the government’s ability to resolve (if the government can’t accomplish this consistent with law and long overdue, then there isn’t anything the government can accomplish), along with other comments to you for ease of reference:
‘…As previously noted in a prior message to you, I had previously spoken to FBI Agent Bill Lewis in Washington who was recently promoted to the FBI Headquarters Office (D.C.) from the FBI office here in LA, and who was to be out of the office for the two weeks past. I’ll be contacting him given a reasonable time for him to ‘catch up’, from being out of the office. While independent contractor richard coan is ultimately the one to bear the burden of damages (there’s insurance and a surety covering same), coan might allude to the prior default of the u.s. government (assist. u.s. atty. robert i. lester miscounted / miscalculated the time for filing an answer / response to the complaint upon service thereof, also misstating the rule in open court before corrupt judge matz who ‘schmoozed’ things over (they both have the same employer), however incorrectly according to the ‘law’. I ordered / bought a copy of the transcript of that rather pathetic proceeding (posted in part on my website). In any event, regardless who pays me, the amounts so paid would ultimately be recovered from coan, his insurer/surety which amounts might even exceed the amount I’m willing to settle at. [There is also a judgment (referenced in the correspondence to FBI ADIC Martinez infra) that had been entered in my favor in the case, United States District Court Case #3:93cv02065(AWT)(USDCJ Alvin Thompson), worth approximately now in excess of $300,000 remains unaccounted for and which would benefit Los Angeles, etc.; and then, of course as well, the substantial damages. ] I’ve waited far too long for this matter to resolve, what should have been resolved in accordance with clear law long ago; and, which would have been resolved if not for typical u.s. corruption in the process; and, which is well within the government’s ability to resolve. In my world and way of thinking, results do count! I’ve included prior correspondence for ease of reference…’
Sincerely,
Albert L. Peia
America also leads in the illegal drug trade. In fact, many researchers reveal that the war on drugs is only utilized to control and monopolize the illicit drug trade. The US government has been caught multiple times shipping in cocaine [ http://www.youtube.com/watch?v=bQvbdiWgwsA , http://www.youtube.com/watch?v=UQNSoOX-dcw&feature=related , http://www.youtube.com/watch?v=gG1Id2qpSOE&feature=related , http://www.youtube.com/watch?v=tIEUhpxeuP4&feature=related , http://www.youtube.com/watch?v=DyM43Sw2OVc&feature=related ] , colluding with certain cartels [ http://www.americanthinker.com/blog/2011/08/does_mexican_drug_cartel_have_deal_with_us_government.html ] to control the industry, and now openly protects and transports opium from Afghanistan [ http://www.youtube.com/watch?v=ElEciFI0Pew ] . In fact, Global Research points out that in 2001, “according to UN figures, opium production had fallen to 185 tons. Immediately following the October 2001 US led invasion, production increased dramatically, regaining its historical levels.” This month, the U.N. announced that Afghanistan now provides 93% of the world’s opium production [ http://www.nytimes.com/2011/10/12/world/asia/un-reports-sharp-rise-in-opium-production-in-afghanistan.html?_r=2&ref=world ] ; up 61% compared to 2010 to a whopping 5800 tons. Although the empire tries to keep it secret, they can’t hide the hypocrisy forever. [ website archived links http://albertpeia.com/uscocainedistributionfiles.htm
Drug war hypocrisy: drug
trafficking’s big money benefits Big Brother and corrupt banksters PF Louis | The hypocrisy of the war on drugs is centers on
the amount of drug trafficking that benefits the CIA and international banking
system. Natural News February 1, 2012 [ [ http://albertpeia.com/americangovernmentdrugtrafficking.htm http://albertpeia.com/americascorruptiondrugtrade.htm http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm
http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm ] ‘The hypocrisy of the war on drugs is outrageous
when compared to the amount of drug trafficking that benefits the CIA and international
banking system. The son of a convicted notorious mobster, John Gotti Jr, when
asked in court if the family still dealt drugs cracked, “No, we can’t compete
with the government.”
Guest Post: The West Has Just
Become A Giant Banana Republic
ZeroHedge.com by Tyler Durden { Yeah! This really is too true for words!
It’s been my direct experience
for quite some time now and is quite a pathetic scenario! } Legal precedent means nothing. Rule of law means
nothing. Free speech means nothing. Their own treaties mean nothing. It’s
unbelievable. Anyone in the west who honestly thinks he’s still living in a
free society is either a fool or completely out of touch. If that seems
too radical an idea, consider that ECUADOR is now the only nation which
stands to defend freedom and human rights against an assault from the
United States, the United Kingdom, and their spineless allies. The west
has just become a giant banana republic. Have you hit your breaking point
yet? If not now… when? { { I’m really constrained to
interject my own direct experience with the FBI here; and, I must say I do so
lamentably. If you want no real results vis-à-vis organized crime which now
extends to the upper reaches, highest levels of the corrupt u.s. government, go
to the FBI. I discounted the new jersey FBI as just typical corrupt, mob
infested jersey which thinks in terms of discos/casinos. But, truth be told,
they never ask the ‘tough’ questions of the biggest criminals; ie., the biggest
wall street frauds, cia connected illegal ‘drug ops’ (ops…riiiiight), federal judges ie., trump barry, shiff, alito,
etc.; but, they did go after Martha Stewart in a very big way over a $45,000
transaction. Wow! You can’t make this stuff up. I also don’t believe their
(understated) crime stats for even a second. I’m beginning to feel
foolish for having even put my full faith and trust in them, much less the ‘federal (judicial) system’ who share the ‘same employer’; and, despite my
antipathy for the mob, probably would have fared ‘more fairly’ with the mobsters
directly who seem to have at least some sense of the magnitude of the fraud
involved and the pervasive corruption of the system and government and maybe a
semblance of honor in this nation of protracted decline. It never would have
occurred to me back when for me, such a choice/decision was clear-cut and simple.
Such a course as mine I no longer could recommend inasmuch as there is little
difference between state/government sponsored crime/corruption and that
perpetrated by other criminal elements, from my direct experience with both,
infra: Debauchery: An American
specialty In the land
of Lindsay Lohan and Snooki, some federal workers reflect our culture all too well.
(Washington Post) [ Lindsay Lohan? Come on Mr. Milbank, hands off the low
hanging fruit. She’s totally harmless. Jersey ‘italian’ snooki? In mob infested
new jersey, who knows (one of the properties in my proceedings for which
surplus funds are unaccounted for was a top floor balconied 2 bedroom 1 and 1/2
bath condominium (beach/boardwalk front w/indoor pool/sauna) in seaside
heights, n.j. –10-31-12 Post Sandy: I’m wondering if it’s still there. ). But
debauchery an american specialty? Another rare instance wherein I agree with
Mr. Milbank completely. 25 Signs That America Is A
Seething Cesspool Of Filth And Corruption http://albertpeia.com/25signsamericacesspooloffilthcrimeandcorruption.htm . Review of flawed forensics
held close to vest
EXCLUSIVE | Documents and interviews show FBI and Justice Department officials
took steps to control information uncovered by a task force designed to examine
cases involving discredited agents. Many defendants were never notified of
flaws in cases. ‘Simply unconscionable’ (Washington Post) [ Well, I really have to say this.
I’m
awaiting word from the FBI as to resolution, one way or the other, concerning
the RICO matters which have been systematically and corruptly covered up by the
government (executive, legislative, and judicial branches of the pervasively
corrupt, defacto bankrupt u.s. government http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
) . Never in my wildest dreams would I have believed
the level and extent of corruption and criminality within the ranks of the u.s.
government before embarking upon this costly quest for justice and simple
fairness consistent with clear law (infra, regarding the u.s. government’s direct involvement in
the illegal drug trade). In this civil RICO matter, there are no innocent
bystanders; but rather, perpetrators, accomplices, and co-conspirators. When
the fbi agent initially assigned to this matter (Connecticut) abruptly
resigned/retired shortly after a conversation, though not central to my case,
wherein I had said that rudy giuliani’s father had been an (convicted) enforcer for the mob
(served 12 years? in prison, aggravated assault/manslaughter?) and then sent him
documentation owing to his disbelief. Though ultimately ineffectual vis-à-vis
my case, he was a likeable guy for whom I had and still have regard. I then
spoke with FBI Agent Jeff Rasey upon the aforesaid agent’s departure who somewhat
plaintively (‘my
call being a burden’) told me that ‘he was a Ford, and I was a Ferrari’, which he didn’t explain further. Could
anyone tell me what that means? Initially, at new jersey’s FBI office, I was ‘greeted’ by an FBI Agent who
sarcastically asked me whether I was ‘going to the disco that night’ (the documents including
sworn statements delivered to then u.s. attorney sam alito’s office in the same
building disappeared twice along with the initial assistant u.s. attorney
Jonathan Lacey with whom I had reviewed the documentary evidence, documents and
their probative value http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf . We all can infer sam alito’s reward / quid pro quo
for his cover-up by his current position on the u.s. supreme
court. There was never a question as to maryanne trump barry’s interest in corrupting
the judicial process as related to her brother’s (trump) casinos. Jersey
city boy louis freeh, labeled by former Prosecutor Larry Klayman as the most
corrupt FBI director ever (see infra, mueller seems no different, and certainly
holder’s
impeachable actions and corrupt behavior/cover-ups fit the mold, ie., fast and
furious, race bias favoring blacks, etc.) apparently covered up the RICO
violations as sent to him, and, with italian citizenship and lucrative insider
deals fits the bill. The FBI Agent Jeff Hayes of the Long Beach Office with
whom I reviewed the RICO documents and confirmed same as indicative of (drug)
money laundering was transferred shortly after meeting with him, as has been so
of FBI Agent Bill Lewis (promoted to Washington FBI headquarters) with whom I
discussed the RICO matter and case disks/dvd’s sent to the LA FBI
office (they printed the documents thereon, as per Agent Lewis), Steven
Martinez, ADIC, here in Los Angeles (see infra). So, as regards FBI flaws,
coverup, etc., I have to believe it based on my own experience and reasonable
inference. I’m
currently being ‘stonewalled’ by the LA FBI office since the departure of FBI
Agent Bill Lewis.
[ .. (the following incident is my personal experience: black perps, white victims)'
... while walking through Military Park (a sliver of a 'park' - more a
pedestrian thoroughfare/cement walks) in newark, new jersey on the way to the
bank during lunch hour, I heard the clearly audible screams/cries of what
turned out to be an old lady on the ground with blood streaming from her mouth.
I ran toward the sound of the cries, the source of which I could not see
because there were so many people in and about this thoroughfare so as to block
any vision of the source of the cries. When I came to the woman, on the ground,
blood streaming from her mouth, I asked what happened, to which she responded
she had been hit in the mouth and knocked to the ground, her purse stolen/put
inside her shopping bag, and she pointed out the criminal casually now walking
across the main street. Nobody stopped to help her, many having passed her by.
I slammed the thug to the ground so hard that, in light of all the blood and
confusion (limbic system / adrenalin flow) I thought I had been stabbed (the
blood was from his elbows hitting the pavement so hard - no one helped / a
crowd gathered / an undercover cop happened along). When I testified at the
Grand Jury Proceeding I made sure his threat on my life was set forth in prima
facie fashion so as to maximize the DA's position with both felonies ( he went
to prison - pled out ). The other case I wrote about here ( This was included
on my website in the Psychology forum discussion of 'bystander effect' /
diffusion of responsibility. ) - Having had occasion to have run down a mugger
in newark, n.j. who apparently had followed a girl from the bank on her way to
the bursar to pay tuition, though in pretty good shape, I was astounded by how
totally exhausting such a pursuit was, how much like rubber my arms were when I
traded punches with the perpetrator, and truth be told, if I had a flashlight
on my belt, I have little doubt that I would have probably used it to subdue
the perp (a police officer here in California was the object of intense
criticism for having used a flashlight to subdue a criminal after a long chase
so I included that here) . The girl was not that seriously injured, did get her
pocketbook and tuition back, and the criminal went to jail (where they belong).
The other thing about such a pursuit that amazed me was that no one else
assisted the girl or me despite being in a position to do so. I was also mugged
by 4 blacks and 2 hispanics in an incident here in Los Angeles, CA. But, to be
fair and balanced, the RICO litigation involves those uncivilized who consider
themselves 'whites' http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf
(predominantly but not exclusively jews / romans-italians / mobsters /
government slugs). http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
http://albertpeia.com/fbimartinezcongallard.htm
]
First
Ohio; Next 'The Moon'? Submitted by Tyler
Durden on 11/08/2012 While
markets are digesting the probabilities of a dramatic rise in taxes and cut in
spending as we approach the fiscal cliff, it appears that behind-the-scenes
there has been a secret plan that we can only imagine is designed to
rocket-boost us over the cliff - new manned missions to the moon. As Space.com
reports, NASA is serious about sending astronauts back to the moon's
neighborhood and will likely unveil its ambitious plans soon now that President
Barack Obama has been re-elected, experts say. They go on to comment that
"The space agency has apparently been thinking about
setting up a manned outpost beyond the moon's far side, both to establish a human presence in deep space
and to build momentum toward a planned visit to an asteroid in 2025. The new plans have
probably already been cleared with the Obama Administration but have been kept
under wraps in case Republican candidate Mitt Romney won Tuesday night's (Nov. 6) presidential
election." While the claims are that this will not increase the budget, we
suspect out-of-this-world manned outposts cost a little more than the $17.7bn
budgeted for NASA in 2013... someone is clearly eating space-cakes.
Ironic
really given our earlier post... {
Riiiiight! Sounds like a plan! After all, the new mooney gold and mooney
diamond mines on the mooney moon will pay for themselves and the mission … The reality though is a
new boondoggle to fleece the treasury/taxpayers…
Astronauts' tracks, trash seen in new moon photos
[ The easiest thing in the world to contrive (don’t forget they can with some
precision today send robotics to ie., mars, etc.) and doctor so don’t be taken
in by their fraudulent b***s***! They’re probably desperately looking for some
money / budgetary consideration for their continued boondoggles. No man has
ever set foot on the moon to date. As NASA transitions, U.S.
space politics in a state of flux
(Washington Post) [ U.S. space politics? I didn’t know there was such a
thing. But I, and I’m sure all know that ‘u.s. politics are spaced’. Flux? One
could only hope. I’d say, ‘fleeced’; as in we’ve all been fleeced. Sterner: 5 myths about NASA (Washington Post) [ If you can’t get past
the first myth; viz., that they actually set foot on the moon, the other 5
so-called myths become irrelevant. Indeed, post-Eisenhower, and certainly
post-Kennedy-assassination / coup d’etat, NASA was all military / military
industrial complex (moreover, someone knowledgeable about such matters said
essentially that in explaining to my surprise the transition to the shuttle
program it was said there was greater military application in same). In any
event, Russia’s been doing quite a bit of ‘heavy lifting’ vis-à-vis the space
station, but not inordinately so. All I can say with certainty is that the
universe beyond this solar system is forever protected / insulated. The fact
is, they never set foot on the moon; and, in light of the pervasive corruption
in and defacto bankruptcy of the nation, their perpetual wars toward making a
hell on earth militate against anything but trying to do even just a little bit
better (for a start), terrestrially. NASA wants mission to bring Martian rocks to Earth
(AP) Why? They already have that and more: Launch of secret US space ship
masks even more secret launch of new weapon The Militarization of Outer
Space: The Pentagon’s “Space Warriors” Global
Research
| It’s not as if things aren’t bad enough right here on planet earth. Now the
Defense Department wants to up the stakes with new, destabilizing weapons
systems that will transform low- and high-earth orbit into another
“battlespace.” buzz aldrin wants to colonize Mars … Riiiiight buzzed!
Better check with DePalma to see if he already has the footage in the can since
you won’t be able to use the moon footage for the new boondoggle video ...
OBAMA SPEECH OUTLINES PLANS
FOR RETURNING DEFACTO BANKRUPT U.S. TO SPACE – OOOOOH! SOUNDS LIKE A PLAN … FOR
INNER SPACE (IMAGINATION).
http://albertpeia.com/archives.htm
FBI Nazi
Bikers Bust FBI Nazi Bikers - What's Up At The FBI/DOJ?
Infowars.com | Now is the time to put an end to Obama’s
treasonous and tyrannical behavior.
http://albertpeia.com/impeachobama.htm
Wobama’s
Choom Gang Bangin’ { This brief video (11 mb) is well done and worth a
watch! }
http://www.albertpeia.com/wobamaschoomgangbangin.wmv
PAPER:
Obama's grandfather tortured by the British? A fantasy (like most of the President's
own memoir)... { http://albertpeia.com/wobamaschoomgangfantasy.htm }
Drudgereport: Obama: 'Sometimes I Forget' Magnitude of Recession…{
Oh! How conveniently forgetful, though the vast majority of americans don’t
have wobama’s luxury of feigned amnesia suffering from what wobama did and
didn’t do contrary to promises last time around the perpetual campaign trail
littered with his typical jive-talking b***s***! The following headline will
help him remember some of his sordid, pot-clouded high school past! }...
FLASHBACK: Obama's Sordid High School Past...
By Ben Shapiro ‘While the Washington Post has been diligently
digging into relatively innocent high school pranks
by Mitt Romney, they’ve spent the last few years diligently ignoring President
Obama’s far more controversial high school days.Obama, by all accounts, was a
habitual drug user in high school. He tried cocaine, he admits in Dreams
From My Father; he “tried drugs enthusiastically.” The Chicago Tribune
reported back in 2007 that Obama thanked the “Choom Gang” in his high school yearbook;
“chooming” was Hawaiian slang for smoking pot. The Honolulu Advertiser
reported that Obama’s senior portrait “prominently displayed … A package of
‘Zig-Zag’ rolling papers and a matchbook.” One of Obama’s close friends was
arrested for drug possession during high school.In his memoir, Obama talked
about routinely getting high. “Junkie. Pothead,” he wrote. “That’s where I’d
been headed: the final, fatal role of the young would-be black man.” But,
according to Obama, he only got high because he was contemplating deep matters:
drugs could “push questions of who I was out of my mind.” Obama told students
in 2007 that this activity constituted “goofing off” and “wasting time”:"I
will confess to you that I was kind of a goof off in high school as my mom reminded
me," Obama said. "I went to high school in
Cracks
in the Washington Post story on Romney’s ‘pranks’ emerge
Correction
Request: Washington Post Uses Falsehood in Romney Hit Piece
Media
Downplays Obama's Past, Tries to Define Romney with Teen Prank
If we're going to delve deep into a candidate's past, let's delve deep into a
candidate's past. Here's Obama in his own words admitting to physically shoving
a little girl named Coretta. Yes, it was at this moment that the first
shot in the War on Women was fired.
http://albertpeia.com/obamashovesgirl.png
No doubt that after expending all that energy
bullying an innocent little girl, young Obama readied himself for round two by
eating a Golden Retriever. More on this breaking story here.If
you're wondering what the rules are regarding a candidate's past; how far back
we're allowed to go in an attempt to define them -- the answer is simple: the
corrupt media will let us know.
Obama WILL NOT pursue gay marriage as part of party
platform...
STONE: 'Playing a
cruel and cynical game'...
Unites Republicans?
New Black Panther Niggers Plan Newspaper Cover With
Zimmerman In Noose { and civilized people everywhere should respond with
niggers in nooses and contributions to the Klu Klux Klan! } ...
LOONEY CLOONEYLAND: BIG CAMPAIGN BOXOFFICE FOR NIGGERO
– Meanwhile, looney clooneyland ain’t doin’ so well with the niggero model –
see next headline! ...
Failed Wobama model illustrated: 16 Reasons To Move Away From
Postal Service loses $3.2b in first quarter...
78% of
_______________________________________
{ some prior links of current
interest }