Business Summary Links By Day
Dave’s Daily: http://www.etfdigest.com BEN PLAYING
CATCH-UP WITH GDP DATA 12-12-12 Like others, we hung out
most of the day waiting for Ben’s
next dose of easing. What the Fed released in the way of new operations was
fully expected without much of a surprise. Several things stood out. To remove
ZIRP and halt QE inflation needs to remain tame and below 2% while the
unemployment rate needs to be below 6.5%. Since even the most optimistic bull
knows inflation data as currently constructed is faulty and misleading and so
too have been recent employment reports. Below is inflation and employment data
as measured by and courtesy of John Williams’ Shadow Government Statistics. Manipulating inflation
and employment data have been in the government’s interest to reduce entitlement benefit payments and
hide real employment conditions for political reasons.
http://albertpeia.com/daveschart121212no1.gif
Meanwhile the Fed has indicated it would extend ZIRP
until 2015 which may be nice but it offers little incentive for people to buy homes
even as prices might flat line. And we really need people to start buying homes
to clean out inventory. Also Operation Twist has ended only to be replaced by
another yet unnamed OMO of buying $45 billion of mortgage-backed securities and
$20 billion of Treasury debt. This means more money printing driving
the Fed’s balance sheet to
potentially $4-$5 trillion. In his post release press conference
stated the Fed is “not
monetizing federal deficit”…right,
and I’m not Santa Claus.Lastly,
the Fed (behind the curve as usual) has downgraded 2012 GDP growth from 2.5-3%
to 1.7-1.8% and 2013 from 2.5-3% to 2.3-3% (a shot in the dark?). These are
poor numbers and certainly don’t
support a tax increase on anyone. One headline stated the revisions lower were
only “slight” which is of course to minimize things but .8% GDP
decline on these low numbers are massive.All of his has led to massive hording
of cash and trading reserves by large banks and little in the way of lending.
The chart below clearly demonstrates the ineffectiveness of current Fed
policies in my opinion.
http://albertpeia.com/daveschart121212no2.gif
As usual, and in the video we posted after the Fed
announcement, the “first
move can often be the wrong move”
and this maxim proved accurate once again Wednesday. So after the initial stock
market rally, stocks turned south as selling and profit-taking hit the tape.
Perhaps investors just sold the news while the best and brightest couldn’t have been surprised much by the Fed’s economic downgrade.So stocks closed in the red
Wednesday led broadly lower across the board. Wal-Mart (WMT) (XRT) and Eli
Lilly (LLY) (XLV) led stocks lower while commodities (DBC), oil (USO) rose, the
dollar (UUP) was flat and gold (GLD) was slightly higher.Now we turn our
attention to the fiscal cliff drama and other data like Retail Sales and
Jobless Claims primarily on Thursday. Volume remained light with most of it coming post Fed
announcement. Breadth per the WSJ was mixed to negative.
Apple
stock: Classic concentration risk Marketwatch
http://theeconomiccollapseblog.com
http://albertpeia.com/55reasonscaliforniaworststateafterjersey.htm
{ With jersey, it’s
necessary to look under the hood! }
America’s top 5 oil-producing states Marketwatch
{ It’s really quite
amazing that the so-called economic experts, ie., economists,
financial/securities analysts, CEO’s, etc., are so economically challenged so
as to believe beyond the self-interested ‘swallow’ (ie., paper inflation, etc.)
that somehow printing/creating ever more worthless/debased paper fiat currency
will in some way create real value, production, jobs, etc., as opposed to the destructive mechanism
along with nefarious dislocations that it truly is. }
http://albertpeia.com/20outrageousexamplesofpoliticalcorrectness.htm
Submitted
by Tyler Durden on 12/12/2012
It
seems the AsiaPac central bankers did not get the 'shut up and print' memo as
today during another speech, an Australian central banker followed
Hong Kong's lead and pronounced quantitative easing as potentially
harmful and the volatility-dampening effects of excess monetary policy as
"ultimately inimical to financial stability and hence macroeconomic
stability." In the speech below Glenn Stevens (RBA Governor) provides
some much-needed doses of sanity to the grossly addicted world desirous of moar
money printing.
"Central
banks can provide liquidity to shore up financial stability and they
can buy time for borrowers to adjust, but they cannot, in the end, put
government finances on a sustainable course... They can't shield people
from the implications of having mis-assessed their own lifetime budget
constraints and therefore having consumed too much."
Why
are these AsiaPac bankers breaking ranks with the status quo? Perhaps they see
a looming threat and prefer to front-run their governments' demands to
"get to work".
Submitted
by Tyler Durden on 12/12/2012
Rightly
so, the FX and equity futures markets are almost entirely ambivalent at the
farce that at 430am in Brussels, the EU leaders announce a compromise agreement
on ECB banking supervision:
Of
course, none of this matters - what is the ECB going to tell them
"de-lever more!", "buy less of your sovereign's debt?"
Until there are pooled deposit guarantees (nein nein nein) this is irrelevant
and markets are treating it thus - no matter the PR efforts.
Submitted
by Tyler Durden on 12/12/2012
At
the end of October, as the Tristate Area was being flooded by Hurricane Sandy,
one after another Wall Street firm tried to position Sandy virtually as a
non-event, with total damage "forecasts" by such
"reputable" firms as Goldman
Sachs and Bank
of America forecasting a total bill between $10 and $20 billion (as
anything above that and the Q3 damage to GDP would be far more substantial than
their recently bullish forecasts had accounted for, and would also imply a
substantial spillover effect into Q1 2013), the same as various
insurance companies who had other far more obvious reasons to undershoot on
the total damages. We said
the opposite, and based on historic damage forecasts, predicted
the damage would likely be between $50 and $100 billion. Once again the
sellside consensus was wrong and a fringe blog was accurate, as the CBO
has just released the Obama administration's full aid request. Bottom
line: $60.4 billion, or roughly what one year of what the ultimate tax
hike compromise will bring into the government's treasury. Furthermore,
if fully funded by debt today, this amount would send the US (which has a $57
billion debt buffer as of this moment) over the debt ceiling immediately. Christie seeks 100% federal
government reimbursement for Sandy... NY, NJ, CT lawmakers seek
$83 billion to cover cost of damage... { People should read the
comments … the opposition are vehemently
against a bailout for national drains (ie., wall street frauds, frauds,
organized crime, corruption, etc.) new york/new jersey/connecticut. }
Submitted by Tyler
Durden on 12/12/2012
At
the current pace of 'improvement' in the unemployment rate, it appears the Fed
will cease its 'stimulation' in early 2015 - and based on the
empirical relationship between unemployment rates and the S&P 500 that
implies a healthy retracement to around 750. Seems like the
index is comfortable trading back to that level...
Submitted
by Tyler Durden on 12/12/2012
"There’s a problem with
kicking the can down the road" - Ben Bernanke, (December 12 2012)... We’ve taken this quote out of context - Bernanke was
actually talking about the fiscal cliff, and not monetary policy; but kicking
the can down the road is exactly what Bernanke is doing in his domain. Instead
of letting the shadow banking bubble burst and liquidate in 2008, Bernanke has
allowed it to slowly deflate, all the while pumping up the traditional banking
sector with heavy, heavy liquidity. The reduction in shadow liabilities
remains a massive deflationary and depressionary force (and probably the main
reason why a tripling of the monetary base has not resulted in very severe
inflation). Trillions and trillions of liquidity later, Bernanke is
barely keeping the system afloat. We chose the path of Japan (which has
spent the last twenty years depressed) not the path of Iceland (which is emerging
from its depression). We chose to kick the can down the road. The
system is rotten, and the debt load is unsustainable.
Submitted
by Tyler Durden on 12/12/2012
The
strength of the Japanese stock market over the past few weeks has been at once
heralded as anticipation of Abe's policies and the renaissance of this island
nation's faltering reality. However, as Bloomberg's chart of the day points
out, this performance trend (just as we saw in sentiment and market performance
in the US) is absolutely normal heading into an election. As the chart
below shows, the election day (on average) has marked a significant
short-term top in the market 12 of the last 13 previous cycles. So
while Jeff Gundlach is short JPY and long NKY, we suspect there will be a
better entry point for the latter 'lomg' leg just a few days after the election
landslide. As Daiwa's Soichiro Monji noted "Investors buy on promises and
ideals up until the election. When the parliament starts a normal
session, they will start trading on reality."
Submitted
by Tyler Durden on 12/12/2012
Consider the consequences of the efficient subsidizing the inefficient. As long as the surplus generated by the efficient is larger than the cost of supporting the inefficient, the system can continue. But once the cost of subsidizing the inefficient exceeds the surplus generated by the efficient, the system is doomed to eventual insolvency. There is one way to fill the deficit, of course: borrow money. This is the strategy being pursued by the Status Quo in developed and developing economies alike. As long as the inefficient are protected from competition and amply subsidized, there are no incentives to become more efficient. In effect, becoming more inefficient is rewarded. What happens when the efficient sectors that are propping up a vast array of inefficient sectors falter? The politically expedient answer is of course to borrow more money. But that creates another kind of financial fragility. Borrowing money only masks the fragility for a time, while adding another layer of fragility beneath the apparently prosperous surface.
Submitted by Tyler
Durden on 12/12/2012
To
paraphrase Tim Geinter: "Risk of the Fed ever ending its monetization? No
risk of that." Why? Because as the FMS just reported, the
February budget deficit was $172 billion, up $52 billion from a month ago, and
$35 billion from a year ago. In brief: in the first two months of Fiscal 2013, the
US accumulated a $292 billion budget deficit (compared to $236 billion
a year ago), a number which is simply scary when annualized. What does this
mean? That as long as the Treasury runs $1+ trillion budget deficit, the Fed
will never, ever be allowed to stop monetizing, especially with China and the
other legacy foreign borrowers just saying nein. Which in turn means
that it will now be in the Fed's favor to paint the economy with uglier colors
(recall that the Fed now needs unemployment deterioration to have infinite free
monetization reign). Does this mean that going over the Cliff is now an
absolute certainty.
Submitted
by Tyler Durden on 12/12/2012
It
has been three years and nine months since the Fed announced 'real' QE1.
Presented for your convenience below is the market's reactions then and for
comparison we have included today's reaction. It seems the markets -
whether Gold, FX, or Treasuries - have become numb (or engorged) on the Fed's
actions. This leaves us with the sad conclusion, which the Fed
will be last to acknowledge: the ammo, it's gone. It's all gone.
Submitted by Tyler
Durden on 12/12/2012
It has been a while since we looked at the Baltic Dry Index, which when normalizing for the excess glut in dry container ship supply (such as right now - 5 years after all the excess supply in the industry - has long been normalized), continues to be one of the best concurrent indicators of global shipping and trade. We look at it today, moments ago it just posted an epic 8.2% plunge, crashing from 900 to 826, or the biggest drop since 2008! Of course, conisdering the collapse in global trade confirmed in past days by both Chinese and US data, this should not come as a surprise, although we are certain it will merely bring out the BDIY apologists who tell us that supply and demand here (like in every other Fed-supported market) are completely uncorrelated.
Submitted
by Tyler Durden on 12/12/2012
Submitted
by RANSquawk Video on 12/12/2012
http://albertpeia.com/chinajobsnotcomingback.htm
http://albertpeia.com/15signseconomyworsefor2013.htm
http://albertpeia.com/unemploymentnotgoingdown.htm
AP Business
Highlights
...Yahoo Market
Update…
Submitted
by Tyler Durden on 12/11/2012
Minutes
before Michigan Governor Snyder signed the 'Right-To-Work' bill into law,
Teamster leader Jimmy Hoffa appeared on CNN,as seen in the clip below,
warning that: "This is just the first round of a battle that's going
to divide this state. We're going to have a civil war,"
as the bill to weaken unions' power is passed.
{ There is an exception
to the hearsay rule known as a dying declaration; the rationale being that a
person would not ‘go to his maker’ with a false statement/declaration to ‘taint
his soul’. Interestingly, I had occasion to know a very intelligent, learned
man who was indeed dying, in a death spiral if you will. A lawyer by
profession, he had taken an interest in another lawyer’s history; none other
than Abraham Lincoln himself. Curiously I thought at the time, though even
then, some decades ago (long before the internet), I realized that you were
never getting the whole, correct, true story from american media, history as
written, etc.. ( I was fortunate in sixth grade to have had a great teacher,
James Bresnahan, who allowed for ‘expansive’/accelerated learning in what he
took the time and trouble to provide as an advanced reading group. Among the
subjects was that knowledge/thinking tainting phenomena known more commonly as
propaganda). After all, a long dead president; and, one who famously suffered
from recurring bouts of severe depression could hardly be the object of, from
my view, intense intellectual interest and scrutiny. Yet, he was fixated on
what he deemed a somewhat surprising revelation; viz., from his intense study,
Abe was not ‘Honest Abe’ but rather, was a thief. I was aware that in fact,
Lincoln found niggers somewhat appalling and initially opposed ending slavery
as well as those who favored same, viz., the abolitionists, etc. (niggers are a
same old old story of lazy, unproductive, inherently very uncivilized criminal
people who are fun-luvin’ for games, partying, and getting high only. Even the incisive Shakespeare
euphemistically referred to the ‘typicality’ of the inherently untrustworthy
and without sense of honor, ‘noir’ [french for black]). The ultimate consummate
politician (as a lawyer, Lincoln famously took a contrary position not long
before saying he thought he then was right but now taking the opposite position
now knew he was right … riiiiight! ‘Honest Abe’), Lincoln ultimately did, in
rallying his ‘stalwarts’, back the abolitionist cause. I personally feel the
people of the south were foolish in bringing vanquished niggers, sold into
slavery by other niggers who vanquished them, to this already now recently
blemished land. Moreover, as today, the niggers (and the abolitionist cause)
had provided fodder for politics of all
sorts, including that of Lincoln. Indeed, even today, spielberg who is famous
for his pro-jewish ‘politicking’/propaganda (even the first Indiana Jones movie
was heavy on the Arab/Nazi transference propaganda) has found a way to make
film-making pay for him and the democratic party by way of the misguided,
inaccurate view of Lincoln as the anti-slavery icon he is speciously depicted
as. Civil war? Hoffa, like his mob-connected, then disconnected (permanently)
father is old news. The truth is that their own done them in (as was so of
hoffa’s father) with NAFTA, etc., as they themselves foolishly laughed at their
real would-be saviors, ie., Ross Perot, etc.. The reality is, there is
literally nothing that can’t be produced better and cheaper and without paying
the shake-down bribe from the teamsters et als for doing absolutely nothing (as
is true with the other niggers, et als, entitlements, etc.), elsewhere.
Twinkies anyone? }
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
}