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Five Charts That Prove We’re in a Depression and That the Federal Reserve and Washington Are Wasting Money March 12, 2012 By gpc1981  http://albertpeia.com/usindepressionfedandgovwastingmoney.htm  , Broken Promises: Pensions All Over America Are Being Savagely Cut Or Are Vanishing Completely ..  this exact scenario is playing out from coast to coast and in the years ahead millions of elderly Americans are going to be affected by broken promises and vanishing pensions.. http://albertpeia.com/uspensionscutorvanishing.htm  , America Is Being Transformed From A Wealthy Nation Into A Poor Nation At Breathtaking Speed  America is losing wealth far faster than any other nation on earth is.  http://albertpeia.com/ustransformedfromwealthytopoor.htm , As US Rakes Largest Monthly Deficit In History, 2012 Tax Revenues Net Of Refunds Trail 2011Guest Post: The Audacity of Bonuses At MF GlobalIn the spirit of George Orwell’s Animal Farm commandment: “all animals are equal, but some animals are more equal then others” comes the galling news that bankruptcy trustee, Louis Freeh, could approve the defunct, MF Global to pay bonuses to certain senior executives. This, despite the fact that nearly $1.6 billion of customer funds remains “missing” or otherwise partially accounted for, yet beyond the reach of those customers, perhaps forever, since before the firm declared bankruptcy on October 31, 2011... , The Greek PSI Lawsuits BeginIs The ECB Masking Accelerating Deposit Flight In Italy And Spain?Dave’s Daily: http://www.etfdigest.com  INVESTORS WAIT FOR THE FED 3-12-12 ‘There’s little to comment regarding Monday’s market action. Investors have absorbed the Greek default (by any other name, it’s still a default) for now anyway. And, not that you care, but new Greek bonds issued to those lucky private holders are already being heavily discounted. In fact, as issued the yields were already steep at 18% but they’ve already dropped to yield roughly 25%. What bulls have mixed feelings about are the ongoing reductions in GDP estimates from many economists with most cutting forward view to 1.5% to 1.8%.Yet Another US Debt Infographic  Probably the most amusing thing about this latest US debt infographic courtesy of FX Fatcat, which by now everyone has seen in some capacity, is how out of date it is, as the latest debt is $15.518 trillion, or $100 billion more than shown here in "March 2012." , Adding Insult To Injury, Greek Gas Prices Are Now The Highest In Europe 3 Charts On Not Buying The 'Global Recovery' Risk RallyWhile 'good is good, and bad is better'-market continues to price a higher and higher strike price for Ben, Mario, and Xiaouchuan, the twin (d)evils of energy and food price inflation could be tamping their enthusiasm for their new-found experiment. Critically, for all those 'hoping' for the pump to be primed and a self-sustaining recovery to take hold, we present three charts to rain on that parade. Whether the world's central bankers come back to the table is unclear, given their clear concerns at what they have done recently, but we suspect this is much more a 'when' than 'if' question and given the performance of asset and volatility markets, it seems this is more than priced in. , As If There Was No Risk Tomorrow: Complacency Hits Record As VIX CratersMarket Shorts At 4 Year Lows, In Hibernation For Second Straight MonthJon Hilsenrath Is Scratching His (And The NY Fed's) Head Over The Job Number Discrepancy And Okun's Law , Mark Grant On The Increased Risks of Owning European Sovereign/Bank Debt View From The Bridge: And They Think It’s All Over…So Greece has been saved – is that right? Well according to ISDA (the International Swaps and Derivatives Association) a “Restructuring Credit Event has occurred with respect to the Hellenic Republic” which in the vernacular means the Greeks are bust; tell us something we don’t know! The importance of this statement is that credit default swaps (CDS) on Greek debt are now triggered and holders will have their losses made good. There were any number of scurrilous rumours that ISDA would not declare a credit event to preclude their illustrious members from paying out, but when the net downside of $3 billion needs to be shared out amongst the likes of Barclays, Credit Suisse, Deutsche Bank, Goldman Sachs, JPMorgan Chase, Morgan Stanley, UBS, BNP Paribas and Societe Generale, then a quick whip round in the bar after close of business and the jobs a good’un.,Encumbrance 101, Or Why Europe Is Running Out Of Assets

Financial Repression Has Come Back to Stay Mar 12th, 2012 15:24 by News  (Bloomberg) — As they have before in the aftermath of financial crises or wars, governments and central banks are increasingly resorting to a form of “taxation” that helps liquidate the huge overhang of public and private debt and eases the burden of servicing that debt.Such policies, known as financial repression, usually involve a strong connection between the government, the central bank and the financial sector. In the U.S., as in Europe, at present, this means consistent negative real interest rates (yielding less than the rate of inflation) that are equivalent to a tax on bondholders and, more generally, savers. , China Trade Deficit Spurs Concern Mar 12th, 2012 , Greek bonds trade at distressed levels Mar 12th, 2012 , Is Germany Actually Preparing To Leave The Euro? http://albertpeia.com/isgermanyleavingeuro.htm , Half of British Black Men Are Unemployed [ Yet, this is totally understandable. ]The Independent | ,Welfare recipients trade in food stamps for cash to buy illicit street drugs, weapons Natural News | Some of the 46.3 million Americans currently enrolled in the federal food stamp program traded their benefits for cash so they could then purchase drugs and guns., GE’s Immelt: Global Economy In ‘New Era’ Of Instability wsj.com | Expects interest rates to stay low for an extended period. , U.S. Still Down 6 Million Jobs smartmoney.com | Damage to employment done by the Great Recession is still far from repaired., Gas prices sink Obama’s ratings on economy, bring parity to race for White House Washington Post | Disapproval of President Obama’s handling of the economy is heading higher — alongside gasoline prices., The Fed’s Manipulation Of The Market Is Driving TrimTabs’ Charles Biderman “Even More Nuts Than He Already Is” Zero Hedge | TrimTabs Charles Biderman made waves for being the first person on prime time financial TV to tell it how it is, namely that the Fed is indirectly and directly affecting asset prices. http://albertpeia.com/zerohedgebiderman.htm , Drudgereport: PAIN IN THE PUMP! 44 DOWN TO 41 Fed stress testing banks against 13% unemployment, 50% drop in stock market... PAPER: Germany proposes a 'DRUDGE Tax'... [Sounds a bit ‘naziish’ to me, in addition to very desperate] , Guest Post: Money from Nothing - A Primer On Fake Wealth Creation And Its Implications (Part 1)What is fraud except creating “value” from nothing and passing it off as something? Frauds interlink and grow upon each other. Our debt-based money system serves as the fraud foundation. In our debt-based money system, debt must grow in order to create money. Therefore, there is no way to pay off aggregate debt with available money. More money must be lent into the system to make the payments for old debts. This causes overall debt to expand as new money for actual people (vs. banks) always arrives at interest and compounds exponentially. This process is called financialization. Financialization: The process of making money from nothing in which debt (i.e. poverty, lack) is paradoxically considered an asset (i.e. wealth, gain). In current financialized economies “wealth expansion” comes from the parasitic taxation of productivity in the form of interest on fiat lending. This interest over time consumes a greater and greater share of resources, assets, labor, and livelihood until nothing is left. , The Fed’s Manipulation Of The Market Is Driving TrimTabs’ Charles Biderman “Even More Nuts Than He Already Is” Zero Hedge    http://albertpeia.com/zerohedgebiderman.htm March 12, 2012 ‘..as we have demonstrated with the now terminal evacuation of faith by the retail investor in the gross manipulated stock “market” which is nothing but a nominal policy vehicle for politicians and bankers. Unfortunately, the endless lies and propaganda are starting to push rational people who refuse to take the blue pill, and who are fully aware there is no wizard, over the edge..’