Business Summary Links By Day

 

Dave’s Daily: http://www.etfdigest.com  VOLATILITY INCREASES WITH EUROZONE RISK 5-30-12 ‘Wash, rinse and repeat seems to be the way markets are rolling. Last week we had an early oversold Monday rally followed by furious propping to close the week. Tuesday we opened higher and then reversed. Wednesday once again. Friday’s payroll report might be good news for the QE crowd (if weak) and great news if “good” perhaps. Odd stuff, eh?China stocks fell as the government stated there won’t be a $350 billion stimulus package. Italy’s bond auction met with poor demand as contagion fears spread. Bankia’s government takeover still meets with uncertain financing needs as Spanish banks saw €31 billion in outflows this month.U.S. Pending Home Sales fell (-5.5% vs 4.1% prior) which didn’t help U.S. markets even though some thought more QE would be the outcome. The Fed’s Fisher chimed-in that the Fed wasn’t the problem but “feckless” (code for “gutless”) politicians.To placate the base and his green energy pals, the Obama Administration levied duties on wind towers from China. You see they can manufacture this kind of stuff (solar, wind and etc) more cheaply than the Solyndra’s of the world. U.S. consumers will bear the cost for this.Word has it the 10-year Treasury bond (IEF) posted a 200 year low in yield (1.60%). How strange it is to lock-up money for 10 years at what is currently a negative yield plus take duration risk.Commodities (DBC) & (USO) etc. continue to take a drubbing as the world spins toward some form of recession or worse. Gold (GLD) on the other hand may finally disconnect from its normal inverse relationship with the dollar (UUP) as both rallied Wednesday. This may be due to the notion that the eurozone could break apart. There were rumors today that Germany could bolt from the euro and EMU before Greece. That’s an idea that needs to be road tested.Tuesday’s rally was completely undone and it’s pointless to point the litany of falling sectors.Volume was similar to Tuesday’s buying while breadth per the WSJ was negative…’  ,  How The Super Rich Avoid Taxes Even As They Demand That The Rest Of Us Pay More   http://albertpeia.com/taxesyoupaytheirway.htm {As I’ve previously said, President Romney would be less than rational to tell his tax advisors ‘to take a dive’ when it comes to his financial planning. Importantly, it should be noted that up to now, President Romney has not been part of the federal system (unlike obama, kerry, etc.) that sets federal tax policy / laws.}  ,  The Second Act Of The JPM CIO Fiasco Has Arrived - Mismarking Hundreds Of Billions In Credit Default Swaps  As anyone who has ever traded CDS (or any other OTC, non-exchange traded product) knows, when you have a short risk position, unless compliance tells you to and they rarely do as they have no idea what CDS is most of the time, you always mark the EOD price at the offer, and vice versa, on long risk positions, you always use the bid. That way the P&L always looks better. And for portfolios in which the DV01 is in the hundreds of thousands of dollars (or much, much more if your name was Bruno Iksil), marking at either side of an illiquid market can result in tens if not hundreds of millions of unrealistic profits booked in advance, simply to make one's book look better, mostly for year end bonus purposes. Apparently JPM's soon to be fired Bruno Iksil was no stranger to this: as Bloomberg reports, JPM's CIO unit "was valuing some of its trades at  prices that differed from those of its investment bank, according to people familiar with the matter. The discrepancy between prices used by the chief investment office and JPMorgan’s credit-swaps dealer, the biggest in the U.S., may have obscured by hundreds of millions of dollars the magnitude of the loss before it was disclosed May 10, said one of the people, who asked not to be identified because they aren’t authorized to discuss the matter. "I’ve never run into anything like that,” said Sanford C. Bernstein & Co.’s Brad Hintz in New York. “That’s why you have a centralized accounting group that’s comparing marks” between different parts of the bank “to make sure you don’t have any outliers” .... Jamie Dimon's "tempest in a teapot" just became a fully-formed, perfect storm which suddenly threatens his very position, and could potentially lead to billions more in losses for his firm. , Greek Pensioner Hangs Himself In Protest That "Greece Will Be Wiped Off The Map"  ,  Spain: Bankia Down, Who Is Next?  ,  Time To Load Up On Denmark CDS - Moody's Cuts Nine Danish Financial Institutions: Luxor Thesis In Play  ,  Gold Rips And Stocks Dip As Risk Assets Recouple To Reality  ,  The Facebook Backlash Begins  ,  FaceBerg Diverges From Founder Age  ,  The Good, Bad, And Ugly Of Emerging Markets  ,  Lagarde On Taxes And Diplomacy: It's All TurboTax To Me   ,  JPM Max Pain At 6 Month Highs  ,  HoLD oN To YouR FACES FoLKs  williambanzai7 This is some scary sh**!  ,  Bracing for a Euro Crash and Creating A Housing Bubble: The Swiss Caught in a Vice  testosteronepit Long-time euro-skeptic and President of the Swiss National Bank unloads   ,  Europe Is About to Implode... Are You Ready?  Phoenix Capital... We're talking about a banking system that is nearly four times that of the US ($46 trillion vs. $12 trillion) with at least twice the amount of leverage (26 to 1 for the EU vs. 13 to 1 for the US...  ‘(Summers: )I've warned time and again that the EU would collapse in May-June. That collapse is here right on schedule. And NO ONE will be able to stop it.

Here's why:

1) According to the IMF, European banks as a whole are leveraged at 26 to 1 (this data point is based on reported loans... the real leverage levels are much, much higher.) These are a Lehman Brothers leverage levels.

2) The European Banking system is over $46 trillion in size (nearly 3X total EU GDP).

3) The European Central Bank's (ECB) balance sheet is now nearly $4 trillion in size (larger than Germany's economy and roughly 1/3 the size of the ENTIRE EU's GDP). Aside from the inflationary and systemic risks this poses (the ECB is now leveraged at over 36 to 1).

4) Over a quarter of the ECB's balance sheet is PIIGS' debt which the ECB will dump any and all losses from onto national Central Banks (read: Germany)

So we're talking about a banking system that is nearly four times that of the US ($46 trillion vs. $12 trillion) with at least twice the amount of leverage (26 to 1 for the EU vs. 13 to 1 for the US), and a Central Bank that has stuffed its balance sheet with loads of garbage debts, giving it a leverage level of 36 to 1.And all of this is occurring in a region of 17 different countries none of which have a great history of getting along... at a time when old political tensions are rapidly heating up (see Germany and France's recent butting of heads over fiscal policy).So if you’re not already taking steps to prepare for the coming collapse, you need to do so now. The US will not escape from this unscathed. No one will. The global banking system is too interconnected: some estimates put US exposure in the ballpark of several TRILLION Dollars.Again if you are not preparing for this, YOU NEED TO DO SO NOW…’

The Third World Is Giving Up On Europe  ,  Guest Post: "Big Idea Solution": Radically Lower The Cost Basis Of The Entire Economy  We are constantly told all our problems are too complex to be addressed with simple "big idea" solutions. Complex problems require complex solutions, we are assured, and so the "solutions" conjured by the Central State/Cartel Status Quo are so convoluted and complex (for example, the 2,319-page Dodd-Frank Wall Street Reform and Consumer Protection Act or the 2,074-page Obamacare bill) that legislators say they must "pass the bill to see what's in it." The real "solution" is to see that complexity itself is the roadblock to radical reformation of failed systems. Complexity is the subterfuge the Status Quo uses to erect simulacra "reforms" while further consolidating their power behind the artificial moat of complexity. Over the next three days, I will present three "big idea" solutions that cut through the self-serving thicket of complexity. Nature is complex, but it operates according to a set of relatively simple rules. The interactions can be complex but the guiding principles can be, and indeed, must be, simple. Big Idea One: Radically lower the cost basis of the entire U.S. economy. The cost basis of any activity is self-evident: what are the total costs of the production of a good or service? The surplus produced is the net profit which can be spent on consumption or invested in productive assets (or squandered in mal-investments).   ,  European Bloodbath Continues  ,  Einhorn Eviscerates Buffet: "If You Wrap Up All $100 Bills In Circulation, It Would Form A Cube 74 Feet Per Side"  ,  Europe's Got 99 Problems And A Deposit Guarantee Scheme Is One  ,  I Drink EUR Milkshake: European Currency Plunge Continues  ,  And The Hits Just Keep On Coming: Spain Sees €31 Billion Deposit Outflow In April  ,  Is The End Nigh: Rockefellers And Rothschilds Merge 

 

 

05:40PM  Investors Keep Yanking Cash Out of Stock Funds at The Wall Street Journal 05:36PM   [video] Bears Kick Bulls to the Sidelines at TheStreet 05:16PM  Investors Keep Yanking Cash Out of Stock Funds at The Wall Street Journal 04:31PM  David Einhorn: Hedge Funds Are Underweight Apple at The Wall Street Journal 04:20PM   MARKETS TANK, EUROPE GETS CRUSHED: Here's What You Need To Know Business Insider 03:56PM  The Foundation of all Options Strategies Puts and Calls Wyatt Investment Research 03:52PM   Analysis: For U.S. traders, Europe's close is time to buy Reuters 03:51PM   David Einhorn: Hedge Funds Are Underweight Apple at The Wall Street Journal 03:34PM   Merrill Lynch Skeptical Congress Will Avoid 'Fiscal Cliff' at TheStreet 03:00PM  Ripe for a Rally? One Strategist Says Yes at The Wall Street Journal 02:46PM  Wednesday's Biggest ETF Winners And Losers at Investor's Business Daily 02:02PM  Where is Our Friend the Trend? ETF Trends 01:58PM  InPlay: Nasdaq 100/Comp are pacing the afternoon bounce, Dow -130 and S&P -15 are hovering near their intraday rebound highs Briefing.com 01:48PM  Where is Our Friend the Trend? ETF Trends 01:24PM   Spanish Bonds, Oh Ma Corazón! at Forbes 01:01PM  Spanish Bonds, Oh Ma Corazón! at Forbes 12:57PM  Wait For Facebook 'Tsunami' to Subside, Mary Meeker Says at The Wall Street Journal 12:09PM  It's A 'Flight To Safety, Whatever The Cost' at The Wall Street Journal 12:06PM  InPlay: Dow -161 and S&P -19 slip below narrow intraday range to set new session lows -- Nasdaq Comp -41 hovering just above its low Briefing.com 12:03PM   Barclays Recommends Investors Play Defense at Forbes 11:30AM  It's A 'Flight To Safety, Whatever The Cost' at The Wall Street Journal 11:25AM  10-Year Note Yield Hits All-Time Low at Minyanville 11:04AM   InPlay: Fractional new session lows for stock indices, limited follow through pressure thus far -- Dow -154, S&P -17, Nasdaq Comp -40 Briefing.com 10:59AM  [video] Europe's Pain is the Dollars Gain at TheStreet 10:56AM   Are SUPERVALUs Biggest Supporters Still Selling or Renewed Believers? at Wall St. Cheat Sheet 10:12AM  Fear Drives 10-Year Treasury Yield To Record Low at The Wall Street Journal 10:09AM  Fear Drives 10-Year Treasury Yield To Record Low at The Wall Street Journal 10:02AM  InPlay: Dow -147 and S&P -16 slip to new session lows, Nasdaq Comp -38 still holding above early low Briefing.com 09:37AM  InPlay: Stock indices extend weak open back near Tues lows -- Dow -115, S&P -13.6, Nasdaq Comp -33 Briefing.com 09:35AM  SPDR S&P 500 ETF and Bank of America Among Most Active Stocks in Pre-Market Today on the NYSE at Minyanville 09:29AM  Europe Throws a Hail Mary: Incomplete at The Wall Street Journal 09:26AM  Morning Links: Gold Losing Safe-Haven Status at The Wall Street Journal 09:25AM  SPDR S&P 500 ETF and Bank of America Among Most Active Stocks in Pre-Market Today on the NYSE at Minyanville 09:24AM  Stocks to Watch: Research in Motion, Monsanto, Pep Boys at The Wall Street Journal 09:20AM  SPDR S&P 500 ETF and Bank of America Among Most Active Stocks in Pre-Market Today on the NYSE at Minyanville 09:15AM  Pre-Market Primer: European Countries Will Bail Out Their Banks Collectively at Minyanville 09:13AM  Spain Back to the Trouble Zone at The Wall Street Journal 08:50AM   Which Sector ETFs Are Cheap? ETF Database 07:10AM  Which Sector ETFs Are Cheap? ETF Database 06:10AM  Morning MarketBeat: Stock Rally On Repeat at The Wall Street Journal

 

Rockefeller and Rothschild Merge Financial Operations in America

Infowars.com | Globalist kingpin David Rockefeller and top bankster Lord Jacob Rothschild will merge operations.


EU Titans To Address Euro Crisis At Bilderberg

Paul Joseph Watson | Globalists fear Greek exit could torpedo single currency.



EU Commission: Banking union to help sharing the debt burden

RT.com | Could moving eurozone to a banking union and allowing the European Stability Mechanism to recapitalize banks keep euro from crumbling?

 

Peter Schiff: Slash Government Spending Or Die

Business Insider | The medicine known as austerity might leave you with a bad taste in your mouth, but the U.S. government needs to take it in order to survive, says Peter Schiff.



Biggest Greek bank warns of dire euro exit fallout

Reuters | If Greece left the euro, living standards would plummet, incomes would be slashed by more than half, and inflation and unemployment would skyrocket.



Pre-Collapse Ramp Up: Retailers Stock Up On Shutters, Organize Security Details Ahead of Financial Meltdown and Social Unrest

Mac Slavo | Many in Europe and around the world are realizing that this entire system is about to come unhinged.



When The Derivatives Market Crashes (And It Will) U.S. Taxpayers Will Be On The Hook

The Economic Collapse | Warren Buffett once said that derivatives are “financial weapons of mass destruction”, and that statement is more true today than it ever has been before.

 

 

 

AP Business Highlights 

...Yahoo Market Update…

Metal News for the Day

 

 

 

Impeach Obama 2012. Join the National Campaign

Infowars.com | Now is the time to put an end to Obama’s treasonous and tyrannical behavior.

http://albertpeia.com/impeachobama.htm

Nancy Pelosi Wants to Amend the First Amendment Kurt Nimmo | When Pelosi says “special interests,” she means interests opposed to establishment Democrats. [ Here’s a look at the pelosi / wobama styled new california  ( 16 Reasons To Move Away From California  http://albertpeia.com/16reasonstomoveawayfromcalifornia.htm  ) . pelosi’s incompetent / senile in that chronological order. At this point, wobama the b for b***s*** is just incompetent but acts and seems as if he’s senile, particularly with regard to previous things he’s said and prior promises that he’s made. ]

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 Hawaii, so there's a lot of opportunity to goof off because the weather is really good all the time …"You know, I made some bad decisions …. You know, got into drinking and experimenting with drugs. There was a whole stretch of time where I didn't apply myself. It wasn't until I got out of … high school, and went to college that I started realizing, man, I wasted a lot of time.”The New York Times, however, went out of its way to find Obama’s classmates to testify that drugs played only a “bit part” in Obama’s youth. Yet Obama would later brag on the campaign trail that he “inhaled frequently … that was the point.”During his high school years, Obama hung out with communist radical Frank Marshall Davis; in 2007, the Los Angeles Times reported that during his high school days, “he felt the first stirrings of anger toward whites. He says he also delved into black nationalism.” He was “offended or even enraged when white classmates adopted black street slang or revealed their underlying consciousness of his race by going out of their way to tell him how much they admired a black musician or athlete.” This activity is certainly more reflective of Obama’s ideological history than Mitt Romney’s pranks on teachers and fellow students. And as for the drug use – well, that seems just a bit more serious than walking a teacher into a door or cutting a student’s hair. But leave it to the Post to ignore or downplay all of that in favor of continuing stories about Romney’s dog, his high school hijinks, and whatever other nonsense they can use to protect President Obama from his own incompetence.Ben Shapiro is Breitbart News Editor-at-Large.  Follow him on twitter @benshapiro.
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.
Washington Post Disgraces Itself By Targeting Romney's 'Anti-Gay' High School Pranks
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 California  http://albertpeia.com/16reasonstomoveawayfromcalifornia.htmPostal Service loses $3.2b in first quarter...78% of California 8th graders fail national science test...

 

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                                                                       { some prior links of current interest }

 

A Warning Sign For The World  http://albertpeia.com/warningsignfortheworld.htm, Inventor of World Wide Web Savages Government’s Big Brother Plans  http://albertpeia.com/bernersleeantibigbrotherwebintrusion.htm , 16 Reasons To Move Away From California  http://albertpeia.com/16reasonstomoveawayfromcalifornia.htm  ,  20 Signs You Might Be A Typical American Worker  http://albertpeia.com/20signsoftypicalamericanworker.htm , 10 Signs That America Is Decomposing Right In Front Of Our Eyes   http://albertpeia.com/10signsamericadecomposing.htm , Soylent Pepsi is People  http://albertpeia.com/soylentpepsi.htm  Infowars.com | Ground up dead baby fetuses… just business as usual. {  Well, let’s not kid ourselves; there’s likely canabalism in wobama’s line! How totally disgusting. I’ll never drink pepsi ever again! } New Obama Executive Order Pushes Us Closer To A North American Union And A One World Economic Systemhttp://albertpeia.com/wobamaexecorderforoneworldgovernment.htm { The truly astounding thing here is that without exception, these respective nations, from largest to smallest, can’t even manage themselves, their own nations properly, efficiently; and then there’s the inevitable corruption, ‘bigger and better?’. Come on! More obfuscation! In a world such as this, human nature being what it is, ‘bigger is definitely not better’! They’re pushing on a string! Time for accountability! Time to pay the piper! Additionally, people must come to grips with the reality that wobama hasn’t the slightest idea what he’s doing; hence, the over-vacationed teleprompter reader whose ‘handlers’ have literally taken over policy, with some ‘slick’ maneuvering to try and repackage him; ultimately to no avail inasmuch as his disastrous results at home and abroad speak volumes. If only he had done what he said he was going to do last campaign, this nation and the world would have been in a better position today! } , Military Winning War Over Pensions Bruce Krasting 05/02/2012 Why is the Military Retirement Fund exploding higher? http://albertpeia.com/militarypensiondebacle.htm , This Is the First Time In History that All Central Banks Have Printed Money at the Same Time … And They’re Failing Miserably Washington’s Blog | Simultaneous Global Printing Is Failing Miserably. Why New York Times Economist Paul Krugman Is Partly Right But Mostly Wrong http://albertpeia.com/nyteconomistkrugmanwrong.htm  , NBER's Martin Feldstein Bashes The Deplorable US Economy, Says Bernanke Has Engineered Another Stock Bubble Tyler Durden 5-2-12 , Hugh Hendry On Europe "You Can't Make Up How Bad It Is" ,  Biderman Makes Friends: "Bankers Are As Dumb As Politicians" , Guest Post: 3 Likely Triggers Of The Next Recession {  Financial Crisis Phase II Is Ahead at Forbes Bert Dohmen ‘ In late 2007, I wrote the book Prelude To Meltdown, predicting the global crisis that occurred the following year.  I now see a similar confluence of events ..the new recession has started.”… Over the past 33 years, we have called the start of every recession..Currently, the GDP deflator is 1.8%, which hardly reflects the true rise in prices. Therefore, what is counted as “growth,” is actually price increases. Actual inflation..is now more than 11%. Using that to adjust GDP for inflation, would show that the economy is now in a very sharp contraction…’ }   ] , Zuckerman To CNBC: "The Recession Never Ended" 8 Reasons Why The Greek Debt Deal May Not Stop A Chaotic Greek Debt Default   http://albertpeia.com/8reasonsgreekdebtdefaultstillcoming.htm , 55 Interesting Facts About The U.S. Economy In 2012   http://albertpeia.com/55factsaboutus2012economy.htm  ,  http://albertpeia.com/debtpercapita.jpg  , Double-dip recession setting in across eurozone: EU , America 1950 vs. America 2012    http://albertpeia.com/downhillslideofamerica.htm , Society’s Five Stages of Economic Collapse  http://albertpeia.com/5stagesofcollapse.htm ,  No Housing Recovery - Case Shiller Shows 8th Consecutive Month Of House Price Declines, Goldman: Germany Is Now On The Hook By €1 Trillion (Or 40% Of GDP), 20 Economic Statistics To Use To Wake Sheeple Up From Their Entertainment-Induced Comas  http://albertpeia.com/20ecostatstowakesheeple.htm  , Central bank balance sheet expansion since end 2007  Mar 1st, 2012 by News (ZeroHedge) — SNB +230%; Fed +222%, BOJ +125%, BOE +87%, PBOC +93%, ECB +51%. USA Gold / PG View: Pretty strong evidence that the rally in bonds — and by extension the rally in stocks — is nothing but a charade. , 10.7 Percent: Unemployment In Europe Is Worse Than It Was At The Peak Of The Last Recession  http://albertpeia.com/europeunemploymentworsethanrecession.htm , Inflation Is A Tax And The Federal Reserve Is Taxing The Living Daylights Out Of Us   http://albertpeia.com/inflationisatax.htm  , 15 Potentially Massive Threats To The U.S. Economy Over The Next 12 Months  http://albertpeia.com/15massivethreatstoeconomy.htm , 1 Through 30 – The Coming U.S. Financial Crisis By The Numbers http://albertpeia.com/1-30usfinancialcrisiscoming.htm Greece Has Defaulted - Which Country In Europe Is Next?    http://albertpeia.com/greecehasdefaultedwhonext.htm , Five Charts That Prove We’re in a Depression and That the Federal Reserve and Washington Are Wasting Money gpc1981  http://albertpeia.com/usindepressionfedandgovwastingmoney.htm  , Broken Promises: Pensions All Over America Are Being Savagely Cut Or Are Vanishing Completely .http://albertpeia.com/uspensionscutorvanishing.htm  , America Is Being Transformed From A Wealthy Nation Into A Poor Nation At Breathtaking Speed   http://albertpeia.com/ustransformedfromwealthytopoor.htm , ECRI Stays with Recession Call  New American | The vicious cycle is starting where lower sales, lower production, lower employment and lower income [leads] back to lower sales…BOB ADELMANN New American Tuesday, March 13, 2012 http://albertpeia.com/ecricallsrecession.htm , Consumer prices rise on high gas costs But outside higher pump prices, inflation stayed mild. (Washington Post) [ Wake up! They’d have a hard time denying what’s in plain sight for everyone to see. Yet, apparently they’ve not gone grocery shopping lately; you know, all that catered food for fools in Washington.  , Financial Crisis Phase II Is Ahead at Forbes Bert Dohmen In late 2007, I wrote the book Prelude To Meltdown, predicting the global crisis that occurred the following year.  I now see a similar confluence of events that warns of phase II of the global crisis… My work shows that “the new recession has started.”… Over the past 33 years, we have called the start of every recession, often on the exact month, or within one month, of the official start as determined one year later by the official arbiter of recession, the National Bureau of Economic Research (NBER)… However, inflation is far understated for political reasons. Currently, the GDP deflator is 1.8%, which hardly reflects the true rise in prices. Therefore, what is counted as “growth,” is actually price increases. Actual inflation, according to free market economists who calculate inflation as it was done in 1980 before the politician re-engineered it, is now more than 11%. Using that to adjust GDP for inflation, would show that the economy is now in a very sharp contraction…’ , Conned 2012: Joseph Kony Is A CIA Contractor  [ Yeah, cia, mossad, kony, they look like and are a bunch of spooks. ] Saman Mohammadi | Former European MP, journalist, and author Richard Cottrell says Lord Resistance Army is backed by CIA and Mossad. , 11 Reasons Why America Would Be A Better Place Without Goldman Sachs [ If only it was just 11 and not an endless number of reasons why the aforesaid is true! And, though america particularly, not just america, but the entire world as well! ] http://albertpeia.com/americabetterwithoutgoldmansachs.com  , The Obama Flag: Who Decided That It Was Okay To Replace The Stars On The American Flag With The Face Of Barack Obama? http://endoftheamericandream.com http://albertpeia.com/monkeyflag.htm   [Aside from the desecration issues, from a purely aesthetic perspective, that picture on the flag of that ugly monkey obama is an absolute disgrace and affront to any rational person’s aesthetic sensibilities!] , Who Decided That It Would Be A Good Idea.... http://albertpeia.com/misplacedfaith.htm , Chimps Throwing Poop And 29 Other Mind Blowing Ways That The Government Is Wasting Your Money  http://albertpeia.com/whydochimpslikeobamasthrowpoop29waysgovernmentwastesmoney.htm  , Failed Wobama model illustrated: 16 Reasons To Move Away From California  http://albertpeia.com/16reasonstomoveawayfromcalifornia.htm  , No Housing Recovery Until 2020 In 5 Simple Charts
http://albertpeia.com/nohousingrecoveryuntil2020in5charts.htm
, The Mother Of All Infographics: Visualizing America's Derivatives Universe   Fasten Your Seatbelts: High Frequency Trading Is Coming To The Treasury Market    [ , As US Rakes Largest Monthly Deficit In History, 2012 Tax Revenues Net Of Refunds Trail 2011Guest 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., Guest Post: Money from Nothing - A Primer on Fake Wealth Creation and its Implications (Part 2) Only in a debt-based money system could debt be curiously cast as an asset. We’ve made “extend and pretend” a quaint phrase for a burgeoning market for financial lying and profiteering aimed toward preventing the collapse of a debt- (or lack-) based system that was already doomed by its initial design to collapse. , Guest 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... ,