Business Summary Links By Day
Dave’s Daily: http://www.etfdigest.com ‘INVESTORS BIDING THEIR
TIME 12-10-12 U.S. stocks barely had a pulse Monday. Investors are camped before
Wednesday’s Fed meeting result and
any rumors from “fiscal
cliff” negotiations. (Typing “fiscal cliff”
is getting as tiresome as was typing Y2K and Greek debt previously.) The
economic news from China was positive as Factory Output
jumped (10.1% vs 9.8% expected) and the country’s Retail Sales climbed (14.9% vs 14.6% expected).
However, export growth weaker (2.9% vs 9% expected.) Putting on my Clouseau hat
I’d say increasing internal
demand is prominent in the country. How long that lasts or much you trust their
data is another thing as most of the developed world heads toward recession. In
fact their neighbors in Japan are now officially in
recession. Nevertheless, markets most heavily impacted by China
(EEM, EWH, AAXJ, EWA, EWW and so forth) are carrying the bullish trade for now.
Meanwhile the drama queens in the eurozone just won’t leave us be for any length as now Italy’s Monti is resigning and rumors swirled that
Berlusconi might stage a comeback. There as everywhere in debt-plagued eurozone
countries the popular will is reduce austerity. All this caused eurozone shares
to fall initially then shift to mostly unchanged even as Italy suffered a flat
tire. The dollar (UUP) was flat overall and gold (GLD) prices rose. Commodities
(DBC) were weaker led lower by energy (USO) but held up by base metals (DBB).
Bonds (IEF) were flat. Stocks were led higher by small caps (IWM), transports
(IYT) and not much else. In this environment with trading very light you can expect
the rumor mill to drive stocks one way or another easily as algos and HFTs own
the tape…’
http://albertpeia.com/2economicdevelopments.htm
http://theeconomiccollapseblog.com
http://albertpeia.com/15signseconomyworsefor2013.htm
http://theeconomiccollapseblog.com
http://albertpeia.com/unemploymentnotgoingdown.htm
Submitted
by Tyler Durden on 12/10/2012
While some saw the clip of the lady implying 'victory
for Obama means phones for everyone' as perhaps exaggerated
out-of-context right-wing propaganda - as that would be preposterous right?
- it appears San Francisco took it a little more serious. As SFGate
reports, the California Public Utilities Commission is expected to
approve (within a couple of weeks) a plan to offer homeless and other poor
people in California 'virtually free cell phones and service'. The
plan is funded through the federal LifeLine program and is designed to enable
these individuals to 'keep in touch with family, potential employers and others
crucial to improving their lives'. "This is great - it is transformative
for homeless and low-income people," said San Francisco's head of homeless
initiatives, adding that, fundamentally, to be in the mainstream of our
society you have to have a phone." Setting up the program in
California has been no easy task, officials said. "I would prefer
it to be free..." said Dufty, and said he would explore
other funding sources. Perhaps worth remember the cost of
kidding ourselves once again.
Submitted
by Tyler Durden on 12/10/2012
The
CBO
has outlined a number of options for balancing the budget (full paper
below). From 'Increases In Tax Revenue' to 'Cuts to Annually Appropriated
Spending' and 'Cuts to Benefits or Entitlements', it's all here in a handy
Do-It-Yourself Interactive Deficit-Reduction Plan tool from WSJ. All
'compromises' welcome...
Submitted by Tyler
Durden on 12/10/2012
Some
have argued that a fiscal-cliff-impacted US economy would enter a recession as
hard as Manny Pacquiao hit the canvas on Saturday night but for most of the
nation it seems the fiscal cliff is of secondary importance... Will
Pacquiao-Marquez 5 coincide with Debt-Ceiling II?
Submitted
by Tyler Durden on 12/10/2012
These
three letters - C.A.B. - might just be the Dis-Humor story of the day. NPR
reports that more than 200 schools across California are coming to the
shocking realization that the upfront cash they needed so badly came at quite a
price. These 'Capital Appreciation Bonds' are unlike normal bonds
(requiring regular coupon payments and principal repayment); instead they
provide the 'lent' money upfront and defer all interest and repayment
to some magical faery land time in the future (by which time the interest
accrued has grown exponentially as the interest accrues on the rising
'principal plus previously accrued interest'). Brilliant - as the Guinness
chaps might say. So California schools are now undertaking PayDay or loan-shark
style loans defending the idiocy of super-short-term thinking with such
statements as "Why would you leave $25 million on the table?"
referring to the upfront cash that one Treasurer was able to get his hands on -
with clearly no comprehension of the financial instrument's massive convexity.
California State Treasurer Bill Lockyer said "It's the school
district equivalent of a payday loan or a balloon payment that you might
obligate yourself for, so you don't pay for, maybe, 20 years - and suddenly you
have a spike... It's so irresponsible."
Submitted
by Tyler Durden on 12/10/2012
Behold
the fund-tastic four: Ireland, Greece, Spain and... the US? These are
the four countries that in the past four years have accumulated the greatest
deficit as a % of GDP (and yes, at just under 50%, the US is worse
than Spain whose cumulative deficit has been over 40% of GDP), which
in turn they have had to fund with what else: new debt.
Submitted
by Tyler Durden on 12/10/2012
"They say this is not massive money printing, but first they are
wrong; and second, monetary authorities in the United States did not see the
crash coming and the unsoundness of the financial system. In fact, right up until the crash they were
saying that nothing like what happened could ever happen... This
monetary policy, $3 trillion of bond buying in the United States, $3 trillion
in Europe and another $2.5 trillion to $3 trillion in Japan, is unprecedented.
... If and when people lose confidence in paper money because of
repeated bouts of quantitative easing and zero-percent interest rates—it could happen
suddenly and in a ferocious manner in the commodity markets, in gold, possibly
in real estate—interest rates could go up at the long end by
hundreds of basis points in a very short time. I’m quite concerned as a money manager that we have to
manage money, not just for the boundaries of what’s in front of our faces—maybe we’ll have a little tax
increase or not, the fiscal cliff, or the stock market might go up or down 10%
or 15%—but
for a basic shift. The thing that scares me most is significant
inflation, which could destroy our society."
Submitted
by Tyler Durden on 12/10/2012
One
thing that has undergone hyperinflation in recent years is the length of
financial regulations. Big, messy legislation leaves legal loopholes that
clever and highly-paid lawyers and (non-) compliance officers can cut through. Bigger
and more extensive regulation can make a system less well-regulated.
We propose that this is what the big banks will use Dodd-Frank to accomplish.
We predict that the regulatory hyperinflation will make the financial industry
and the wider economy much more fragile.
Submitted
by Tyler Durden on 12/10/2012
Since
the crisis first began in 2006, developed world equities are still lower, real
GDP has struggled to grow above its pre-crisis peak in most countries, core
bond yields are sharply lower with peripheral yields higher and with credit
yields generally performing well albeit it with fairly extreme volatility.
Credit has been helped by the fact that the authorities way of dealing with
this crisis to date has been through money printing and liquidity
facilities to help prevent mass defaults which, as is is clear in the
chart below, has led to a weakening in the normal relationship between GDP and
defaults. Just as one of the features of the last 20 years in Japan’s post-bubble adjustment
and lost growth period is that defaults have remained very low; it appears as
long as money printing props up the debt market, defaults are likely to be much
lower than the underlying economic environment suggests they should be. However,
as we
noted previously, the mark-to-market volatility on the way may just become
too much to bear for all but the most long-term bond rotators.
Submitted
by Tyler Durden on 12/10/2012
Excessive monetary
stimulus and low interest rates create financial bubbles. Seymour Pierce's
Thunder Road report notes that central banks are creating
the ultimate bubble in money itself, as they fight the downward leg in this
Long Wave cycle. This is the
biggest debt bubble in history. Each time deflationary forces re-assert
themselves, offsetting inflationary forces (monetary stimulus in some form)
have to be correspondingly more aggressive to keep systemic failure at bay. The
avoidance of a typical deflationary resolution of this Long Wave is incubating
a coming wave of inflation.
This will not be the conventional “demand pull” inflation understood by most
economists. The end game is an inflationary/currency crisis, dislocation
across credit and derivative markets, and the transition to a new monetary
system , with a new reserve currency replacing the dollar. This makes gold
and silver the “go-to” assets for capital preservation.
Submitted
by Tyler Durden on 12/10/2012
If
anyone needs a definitive confirmation that when it comes to predicting the
future, "expert economists" are not only completely clueless but
always approach the future with a baseline of endless and unquestioned
bullishness, which in the past decade has ended up being humiliatingly wrong,
we present the following charts from Deutsche's Jim Reid, showing the
jawdropping cumulative error rate in GDP forecasts in the past decade among
those countries that make the headline news every day. What do the charts show:
in the 9 years since the first forecast in October 2003, these 6
countries are 20.5% (Italy), 16.9% (Spain), 10.4% (France), 3.7% (Germany),
11.3% (UK), and 15.8% (US) behind on a cumulative basis what economists
forecast back in 2003! This forecasting error has become more severe
since the crisis begun. Since October 2007 (i.e. for the 5 years between
2008-2012) we are 16.4% behind cumulative forecasts in Italy, 18.1% in
Spain, 10.6% in France, 7.0% in Germany, 14.7% in the UK and 10.6% in the US.
Submitted
by Tyler Durden on 12/10/2012
The
hoaxes remain and grow more cumbersome and obvious every day - and yet, the
headline-reading machines and self-referentially-biased managers of stocks
justify just one more BTFD episode. To wit, Mark Grant discusses the Greek
buyback debacle with its political (and entirely not economic) mandate,
noting "Mr. Draghi knows the truth and Ms. Lagarde knows the truth and
their credibility is whacked once again;" Berlusconi's potential
return in Italy and the hoax of any pretense of an entente cordiale re-emerging
between north and south flies out the window; the 'tax the rich' hoax
as a solution for years of profligate spending and the 'then vs us'
meme that is increasingly spewed forth from DC; and the ultimate hoax of
Bernanke's money printing morasse. Happy Monday.
Submitted
by Tyler Durden on 12/10/2012
Regular
readers are aware that one of our favorite data series when it comes to
demonstrating the quality aspect of the American "recovery"
(the quantity is sufficiently taken care of with part-time workers filling
in positions without benefits and job security in the New Normal) is that
showing the annual average hourly earnings growth in nominal terms, which in
November posted the tiniest bounce from its all time low print of 1.2%, rising
to 1.3%. The problem as noted above, is that this is nominal wage growth. It
therefore excludes the impact of inflation which according to the CPI, rose by
2.2% in October, or, in other words, wage growth was negative in
real terms. But it wasn't negative only in October and November. When one takes
the Y/Y change in average hourly earnings and subtracts the Y/Y change in
CPI one gets a very troubling picture: wages have risen below the
rate of inflation for 22 consecutive months, with real wages printing their
last positive number back in January 2011 and negative ever since!
Submitted
by Tyler Durden on 12/10/2012
In
a perfect trifecta of disappointment, overnight we had reality reassert itself
with a thud as first Japan reported weaker than expected GDP which contracted
for a second consecutive quarter and which technically sent the country into
yet another recession, merely the latest one in its 30+ year deflationary
collapse. Which isn't about to
get better: "Analysts expect another quarter of contraction in the
final three months of this year due to sluggish exports to China, keeping the
Bank of Japan under pressure to loosen monetary policy as early as this
month." Of course, there is hope that the new, old PM, Abe will restore
money trees and unicorns and get Japan to a 3% inflation target, without
somehow destroying bank and insurance co balance sheets in the process, all of
which are loaded to the gills with JGBs set to collapse should inflation truly
return. Then after Japan, China reported miserable trade data, which flatly
refuted all hopes of an economic pick up both in the mainland and across the
world. Perhaps the reason China can not openly fudge its trade data, unlike its
GDP, inflation, retail sales, industrial production and all those other
indicators that none other than the incoming head of government Li Keqiang
said are for "reference only" (a fact conveiently ignored when
they are all going up, and duly noted when China is self-reportedly sliding)
because other countries report the counterparty data and it is very easy to
catch China lying in this particular case. And finally there was Europe...
Submitted
by Tyler Durden on 12/09/2012
And
we thought last month's delayed
foodstamp data was bad. The just reported foodstamp number for September
was a doozy, with 607,544 new Americans becoming eligible for foodstamps, as a
record 47.7 million Americans are now living in poverty at least according to the USDA.
The monthly increase was the highest since May 2011, and with August's 421K new
impoverished America, over 1 million Americans made the EBT
card their new best friend. It is unclear just which atmospheric phenomenon
will get the blame for this unprecedented surge in poverty, which comes at a
time when the pre-election economic data euphoria was adamant that the US
economy was on an escape velocity to utopia. Instead what we do know is that in
August and September, over three times as many foodstamp recipients were add to
the economy as jobs (324,000). We also know that with the imminent impact of
Sandy, which will send foodstamp recipients soaring, it is now looking quite
possible that the US may end 2012 with just over a mindboggling 50 million
Americans living in absolute poverty and collecting the $134.29 average monthly
benefit per person, instead of working. Welcome to the recovery indeed.
Submitted by Tyler
Durden on 12/09/2012
In
France, Minister for Energy and Environment Delphine Batho recently
proposed a light curfew to pertain to “in and outside shops, offices, and public buildings” between 1 a.m. and 7
a.m. beginning next July. Some merchants are up in arms as the rule adds to
existing bans such as the forced closing of stores on Sunday and night shopping
in general. If enacted, the illumination ban will quickly disperse Paris’s reputation as the “City of Light.” France’s Commercial Council is
criticizing the decision as being anti-business and economically damaging.
However, the fact that these assumed defenders of free enterprise are surprised
at such a proposal is the real puzzle. In a country run by a government that is
happily bloodletting the productive capacity of the people through a hike on
the income tax and a tax on financial transactions, this latest nanny-state
resolve should be fully expected. It is not a power grab but a mere reassertion
of the authority the central state has over the private affairs of society. The
“lights
out”
edict is just another piece of evidence of a disturbing truth: the road to
serfdom is not ahead of the West; we have already reached its end.
Submitted
by Tyler Durden on 12/10/2012
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
}