Business Summary Links By Day
It’s
Not a “Fiscal Cliff” … It’s the Descent Into Lawlessness
Posted by: George Washington
Post date: 12/24/2012
It’s Not a Tax or
Spending Problem … It’s a Devolution Into Lawlessness
http://albertpeia.com/americasdescentintolawlessness.htm
{ That’s certainly been
my direct experience; and I’ve been warning and ‘yelling from the rooftops’. Nobody
listened! Now it’s time to pay the piper! :
Chief Justice John Roberts
Bowed To Political Pressure And Changed His Vote On Obamacare http://albertpeia.com/nolegalsystem.htm { 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 … }
Submitted
by Tyler Durden on 12/26/2012
On
this lackluster Boxing Day dominated by illiquid moves in every asset class, we
thought a few succinct minutes spent comprehending the US and European
government policies of social welfare and their outcomes was time well spent.
Canadian MP Pierre Poilievre delivers a rather epic speech destroying the myths
of US and European 'wealth' noting that "Once the US citizen is in debt,
the US government encourages them to stay in debt,"
noting that "the US government encouraged millions of Americans to spend
money they did not have on homes they could not afford using loans they could
never repay and then gave them a tax incentive never to repay it." His
message, delivered seamlessly, notes the inordinate rise in the cost of all
this borrowing, adding that "through debt interest alone, soon the US
taxpayer will be funding 100% of the Chinese Military complex." From Dependence
to Debt to the Welfare State and back to Dependence, this presentation puts
incredible context on the false hope so many believe in the US and Europe. Everyone
takes, nobody makes, work doesn't pay, indulgence doesn't cost, money is free,
and money is worthless. Must watch.
Home prices tick lower in October Marketwatch
Disappointing holiday sales dent retail stocks Marketwatch
Where
to put money in 2013
Marketwatch Many stock investors
believe 2013 will be their lucky year. But this bull market turns four in
March, well past the historical life span of U.S. bull runs. { Keep in
mind, also, this was a contrived, contra-indicated, unaffordably QE-fed
bull(s**t) cycle in an unequivocal secular bear market (and worse). }
US
Stocks Up With ‘fiscal cliff’ Talks to Resume
AFP | Stocks slightly higher as Obama heads back from
Hawaii.
Charity Begins
With Wealth Creation
John Stossel | Private charity is unquestioningly better than
government efforts to help people.
US Stocks
Slide on ‘fiscal cliff’ Concerns
AFP | With the clock ticking, no compromise appears
imminent.
U.S.
retailers see holiday sales weakest since 2008
Industry Leasers | Despite huge lines
recorded on Black Friday, the U.S. retailers understood that Americans were not
so keen on opening their wallets during the 2012 holiday shopping season.
Does
Libor Manipulation Deserve The Death Penalty?
Zero Hedge | Bloomberg’s William Cohan released
a provocative piece last night, headlined by the even more provocative “UBS Libor Manipulation
Deserves the Death Penalty.”
Barack
Obama ‘eager’ to fall off fiscal cliff, says senior Republican senator
London Guardian | Senator John Barrasso tells
Fox News Sunday he thinks the president is ‘eager to go off fiscal
cliff for political purposes’.
Bah!
Humbug And A Happy Hyperinflationary Christmas To All
Zero Hedge | There are, according to USA
Today, 364 items that need to be purchased to create the ultimate gift basket
from the epic holiday song “The 12 Days of Christmas”.
Submitted
by Tyler Durden on 12/26/2012
Perhaps
one of the most startling and telling charts of the New Normal, one which few
talk about, is the soaring difference between bank loans -
traditionally the source of growth for banks, at least in their Old Normal
business model which did not envision all of them becoming glorified, Too Big
To Fail hedge funds, ala the Goldman Sachs "Bank Holding Company"
model; and deposits - traditionally the source of capital banks use to
fund said loans. Historically, and logically, the relationship between the two
time series has been virtually one to one. However, ever since the advent of
actively managed Central Planning by the Fed, as a result of which Ben Bernanke
dumped nearly $2 trillion in excess deposits on banks to facilitate their risk
taking even more, the traditional correlation between loans and deposits has
broken down. It is time to once again start talking about this chart as
for the first time ever the difference between deposits and loans has hit a
record $2 trillion! But that's just the beginning - the rabbit hole
goes so much deeper...
Submitted
by Tyler Durden on 12/26/2012
When
Tim Geithner announced an hour ago that the US debt ceiling will officially be
"risen above" on December 31, he stated that there
are approximately two months in which the Treasury can take emergency measures
to delay the actual debt ceiling breach, a moment in time which we believe will
take place some time in March. Upon further reflection, with the automatic
spending cuts and tax hikes that will take place on January 1, the irony is
that the debt ceiling extension may last materially longer due to a substantial
reduction in the US budget deficit, potentially pushing the final threshold to
as late April or even May which means the political theater is going to last
for even longer than we expected - something which both parties now appear set
to capitalize on as much as possible. So the question now is what are the
options before Tim Geithner and what are the "emergency measures" the
Treasury take to delay the inevitable moment when one of three things happens:
i) the US hikes its ceiling, ii) the US begins living within its means, iii)
the US defaults on its debt. Since the third, and certainly second are
impossible, and since the debt ceiling theater is something we all lived
through as recently as 2011, here is the article we penned in January 2011,
when that long ago debt ceiling of a mere $14.3 trillion was about to be
breached, and whose ultimate rise required a 20% market plunge together with an
S&P downgrade of the then pristine US AAA rating (an event which Tim
Geithner had said shortly prior there is no risk of ever occuring), answering
precisely this question.
Submitted by Tyler
Durden on 12/26/2012
Not
surprisingly when wages and salaries are growing at a slower rate there is a
corresponding weakness in the level of retail sales. The peak in wages
and salaries occurred in early 2011 with the subsequent growth rate trending
weaker. This corresponds with the economy which has continued to muddle
along at a very anemic pace. While it may be likely that the damage from
Hurricane Sandy may have soured some sales, particularly in the North East, it
is unlikely to have had much of an effect on the retail sales nation wide.
For majority of America the "fiscal cliff" debate
largely goes unnoticed as it remains a battle between the White House and the "rich"
- for the rest the country it is more of a distraction from the things
that matter like "Honey Boo Boo" and "Housewives
Of Whereever". What does matter though, as stated above, are
incomes. The decline in incomes, which can be seen in the roughly 1.2
million person increase in food stamp participation from June to September, is
why retail "holiday" spending is weaker. With credit
limits reduced, incomes stagnant and real costs of living on the rise - it is
not surprising that retail sales are far weaker than the NRF's holiday season
predictions.
Submitted
by Tyler Durden on 12/26/2012
Just
because the Fiscal Cliff was not enough...
So
since America's dysfunctional congress failed to "rise above"
the Fiscal Cliff, it at least succeeded to "rise above"
the debt ceiling. One out of two is not too bad...
Submitted by Tyler
Durden on 12/26/2012
Despite
the fact that Europe was closed today, the algos were not to be put off as the
day broke beautifully into two pieces with a linear sell-off across assets into
1130ET and then a de-correlated nothing-burger all afternoon amid volumes lower
than a CNBC anchor's IQ. Makes perfect sense right? The market dribbled higher
off the lows into the close and then we got a little discombobulated in the
last few minutes as Boehner rumors hit and ETFs (notably bonds - TLT) went a
little jiggy. VIX remains bid (as we have been so clear to explain why) and
while stocks weakened today, risk-assets in general were just not moving much -
thanks generally to Oil's 2.75% gain offsetting Treasuries modest
risk-off view. HYG (the high-yield bond ETF) went vertical into
the close (following TLT's lead) but between negligible volumes and
desparate attempts to pull any and every lever (EUR early and HYG late) to get
things going, VIX's message is stay hedged into the new year
(at 5-month highs with biggest 5-day jump in 7 months). S&P 500 futures
closed the day-session at the low-end of the channel post last week's flash crash.
Submitted
by Tyler Durden on 12/26/2012
Spoiler alert: no
compromise here. But
at least there are 3 more trading days left... including December 31.
Submitted
by Tyler Durden on 12/26/2012
To
understand this endgame, we need to start with the financial and
political basics of wealth and power in the U.S. Put these nine
structural dynamics together and the endgame becomes clearly visible: Politically,
a Tyranny of the Majority comprised of those who draw direct transfers/benefits
from the Federal government, is ruled by the top half-of-1% financial
aristocracy who own the majority of income-generating assets. The
minority, who pay most of the taxes (the 24.5% between the majority and
aristocracy), will see their taxes rise as the aristocracy buys loopholes and
exclusions while the bottom 50% pay no income tax. Financially,
the Federal government’s spending has outrun the tax revenues being
collected. Structurally, Federal expenditures for entitlements (Medicare,
Medicaid, Social Security, Veterans Administration, etc.) will rise as Baby
Boomers retire en masse over the next 15 years, while tax revenues will
stagnate along with earned income. There is no way to square these
circles. What few dare admit, much less state publicly, is that the Constitutional
limits on the financial Aristocracy and the Tyranny of the Majority have failed.
Submitted
by Tyler Durden on 12/26/2012
Just
as we warned in our
previous discussion, the Brits, concerned that the dreaded Piers Morgan may
be forcefully removed from the USA, have now lodged their own petition. With
over half the signatures required, the counter-petition
to Home Secretary Theresa May begs her to: Stop Piers Morgan From Being
Deported Back To The UK From America... "We got rid of him
once and why should we have to suffer again. The Americans wanted him so they
should put up with him. We washed our hands of him a long time ago."
They do have a point. We hear Belize has a quietly-used compound going cheap?
Submitted
by Tyler Durden on 12/26/2012
Over
the last few years, and at an increasing pace as of more recently, unions
have become more and more confident of their ability to effect change and taken
much more aggressive activist positions against the capitalist
oppressors. The most recent examples range from California cities to
Twinkies-maker Hostess Brands, and each time the stance from the unions appears
to have been far more aggressive (and M.A.D. prone) than in the past. The
question is why? Perhaps, as we tweeted following Hostess' liquidation:
Will the broke PBGC step in and
fund Hostess' 18,000 workers suddenly vaporized pensions?
...It
is the confidence of an all-powerful government at their back with the US
Pension Benefit Guarantee Corporation, which is the backstop for private sector
plans, providing cover. The problem is, as UBS explains, the PBGC has a
huge deficit and is cashflow negative. This leads us to the
uncomfortable expectation of further USD government support (bailout) or a
more direct monetization by the Fed. PBGC could be impacted severely if a
few large firms terminate their pensions. In this case, UBS expects PBGC to
sell equities and buy long duration fixed income.
Submitted
by Tyler Durden on 12/26/2012
By
the Deceptive means of Misinformation and Manipulation of economic data the
Federal Reserve has set the stage for broad based moral hazard. Through
Distortions caused by Malpractice and Malfeasance, a raft of Unintended
Consequences have now changed the economic and financial fabric of America
likely forever. The Federal Reserve policies of Quantitative Easing and
Negative real interest rates, across the entire yield curve, have been allowed
to go on so long that Mispricing and Malinvestment has reached the level that
markets are effectively Delusional. Markets have become Dysfunctional concerning
the pricing of risk and risk adjusted valuations. Fund Managers can no longer
use even the Fed's own Valuation Model which is openly acknowledged to be
broken.
Submitted
by Tyler Durden on 12/26/2012
http://albertpeia.com/helicopterbenafraidof2013.htm
http://theeconomiccollapseblog.com
http://albertpeia.com/agenda21ramdown.htm
http://endoftheamericandream.com
http://albertpeia.com/25factsmainstreammediahides.htm
http://theeconomiccollapseblog.com
http://albertpeia.com/americasgoodbyetogoodlife.htm
http://theeconomiccollapseblog.com
Better watch out: Insiders are selling Marketwatch
Why isn’t Obama
demanding corporate welfare cuts?
Marketwatch
Why a recession is coming no matter what fiscal-cliff deal is
reached Marketwatch
20 children, 7 others dead in school shooting Marketwatch
{ From the previous day, pre-shooting I posted : Don’t Let Your Child See a Psychiatrist. Jon Rappoport { In light of his
expressed fear, psychologists can’t prescribe medication – though that’s
changed somewhat in some states. Rappoport must realize that some parents,
nuttier than fruitcakes particularly in america, might be the problem. Who then
does the troubled child turn to?} That said, Every human emotion now classified as a mental disorder
in new psychiatric manual DSM-5 Mike Adams { Well, I gotta tell ya … if the shoe fits, wear it …
the reality is that the prevalence of mental disorders/mental illness in america
is so great that reactions as those of mike adams (including shooting the
messenger) are not unexpected; but, must be discounted. After all, insanity or
close to it has indeed become the new normal, shaded/obscured somewhat by
what’s deemed simple inherent criminality which masks the underlying
‘americinsanity’. }
Prepare to pay the piper
Marketwatch
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 }