Business Summary Links By Day

White House on weak jobs report: Don’t ‘read too much’ into it Olivier Knox, Yahoo! News { Riiiiight! Sounds like a plan! After all, wobama’s gotten’ by on b***s*** and ‘special consideration alone, never having done anything of substance in his entire life. Indeed, even his so-called ‘auto-biographies’ are works of what appear to be ‘choom-gang’ induced fantasies which reveal a psychogenic/dissociative amnesia that works well in the continuing ‘narrative’ devoid of fact on his ‘more b*** s*** campaign trail’ littered with the cowpies of stark reality. People owe themselves and their children more than this grifter’s con which in numbers measures more than the increased deficits of all the presidents since President General Eisenhower combined to obfuscate his unequivocal failure. }

http://albertpeia.com/10waysobamakillingjobsinamerica.htm

Obama administration repeats same jobs line — for the 30th month

Dave’s Daily: http://www.etfdigest.com VOLATILE HOLIDAY WEEK 7-6-12 ‘The vacation and volume reduced week was anything but peaceful. All things considered, the roller coaster ride continues. Friday’s employment report induced sell-off was interesting given two things: either a plea for more QE now or just a confirmation of descending economic conditions. As to the former, the Bank of England is engaging in more QE with little in the way of positive impact. Therefore, perhaps more QE from the Fed may have little impact beyond an initial cheer. After all, 2.5 swings at the problem haven’t helped at all. China was cutting interest rates this week and so too was European Central Bank (ECB). And, how’s that going? Not so well.Economic data beyond a poor employment report (80K jobs vs 90K expected & the unemployment rate remained @ 8.2%). The underemployment rate increased slightly (14.9$ vs 14.8% previous) indicates more people out of work. Further most new jobs were for part-time help. Early in the week the all important ISM Mfg Data cratered (49.7 vs 53.5 previous) meaning the economy is weakening rapidly.Bailout success in the eurozone has once again become “unfixed” as squabbling over restructuring and extensions are the order of the day and week. Meanwhile as Spanish yields soared once again most citizens would rather focus on the running of the bulls in Pamplona—out of sight, out of mind.Earnings will start rolling out next week and we’ve seen estimates being rapidly reduced by analysts perhaps cynically allowing for some beats.The bottom line in the U.S. and globally is conditions are deteriorating and for most just suck.U.S. stocks for the week were only slightly lower dependent on the major index viewed. As the DJIA (DIA) was hitting its 50 day moving average a story appeared in the WSJ indicating the Fed is contemplating and deliberating more QE. That leak led to some late day buying. Leading U.S. sectors remain REITS (IYR), homebuilders (ITB) and biotechnology (XBI). Bonds (IEF) continued to rally as did the dollar (UUP) against the euro (FXE) and Swiss Franc (FXF). The Swiss for example are fighting furiously to maintain the recent peg to the euro as inflows there continue mostly from southern European countries. Commodity prices (USO), (DBC), (GLD), and (JJC) fell as the dollar’s strength knocked prices lower.Given the holiday and half day trading Tuesday volume overall remains light. Most investors were phoning their orders if they were trading at all. Breadth per the WSJ was quite negative…’

There Will Never Be Enough Jobs In America Again

http://albertpeia.com/neverenoughjobsinamericaagain.htm

The Beatings Will Continue Until Morale Improves: 10 Ways That Obama Is Killing Jobs In America

http://albertpeia.com/10waysobamakillingjobsinamerica.htm

Germany Will Bail On the Euro Rather Than Bail the Euro Out

July 5, 2012 By gpc1981 http://albertpeia.com/germanywillbailoneuro.htm

You've Seen It Before, And Here It Is Again: "The Chart That Tears Apart The Stimulus Package" ZeroHedge.com Tyler Durden ‘…"QE 2 Was A Disaster: Here Is Why US Fiscal "Stimulus" Was  A Complete Failure As Well", because, well, QE2 was a disaster…’ , Equities Close Week Red Even As Hilsenrath Prevents Rout ‘A 10 point rally off the lows, thanks to a well-timed Hilsenrath-rumor, dragged stocks up to their day-session opening levels (and unsurprisingly perfectly to VWAP)…’ , Class Action Lawsuit Filed Against GM For Channel Stuffing , Spain May Not Be Uganda, But Will America Soon Be Argentina? , The Four Scariest Charts For Hope-Filled 'De-Cuppers' , European Money Market Industry Shutting Down As Goldman Closes MM Fund, Says In "Unchartered Territory" , Guest Post: Border Controls Are Back In Europe , Have Banks Been Manipulating Libor for DECADES? Posted by : George Washington Post date: 07/06/2012 - 18:03 Regulators Say Libor Manipulation Started in 2005 ... But Industry Veteran Closely Involved in the Libor Process Says that the Rate Has Been Manipulated for 15 Years

06-Jul-12 09:13PM Will Europe Sink U.S. Stocks? ETFguide 04:45PM  Markets, Economies, Central Banks All Out Of Power at Forbes 04:17PM   Alcoa Earnings on Deck at Wall St. Cheat Sheet 04:00PM  STOCKS TUMBLE AFTER BAD JOBS NEWS: Here's What You Need To Know Business Insider 04:00PM  STOCKS FLOP AFTER BAD JOBS NEWS: Here's What You Need To Know Business Insider 03:25PM  Buzz on the Street: No Jobs for You, America! at Minyanville 03:00PM  InPlay: S&P -16 holds on second test of support Briefing.com 02:17PM  July 6, 2012 Market Summary at Investopedia 01:55PM  InPlay: SPX trades -1.3% lower on the day as large-cap sector weakness in tech.- XLK, indutrials- XLI, energy- XLE, & materials- XLB weigh following another monthly NFP miss Briefing.com 01:42PM   InPlay: Midday bounce attempt off support for S&P -15 and Nasdaq Comp -46 Briefing.com 12:48PM  Bet with Bernanke: The House Always Wins at Motley Fool 12:29PM  Dont Get Burned by Energy at Motley Fool 12:21PM  INSIDE LOOK: Alcoa Prepares to Kick Off Earnings Season at Wall St. Cheat Sheet 12:21PM  3 Dangerous Signs for Wall Street at Forbes 12:12PM  Market Rout Hits Gold, Oil, Stocks Alike at Barrons.com 11:50AM  Noteworthy ETF Inflows: SPY, ABT, DIS, CMCSA at Forbes 11:50AM  Noteworthy ETF Inflows: SPY, ABT, DIS, CMCSA at Forbes 11:41AM  Noteworthy ETF Inflows: SPY, ABT, DIS, CMCSA at Forbes 11:40AM   Index, ETF option volumes near midday optionMONSTER 11:26AM  Index, ETF option volumes near midday optionMONSTER 11:23AM  InPlay: Stock indices extend slide under first hour lows -- Dow -161, S&P -15, Nasdaq Comp -43 Briefing.com 11:03AM  U.S. Unemployment Show Global Growth Weaker Than Expected at Forbes 11:02AM  No Bubble with US Treasurys Anytime Soon at Motley Fool 10:54AM   Market Rout Hits Gold, Oil, Stocks Alike at Barrons.com 10:32AM  Alcoas Second Quarter Earnings Sneak Peek at Wall St. Cheat Sheet 10:30AM  U.S. Jobs Report: Further Weakness May Hit Fragile Housing Recovery at Forbes 10:26AM  Market Rout Hits Gold, Oil, Stocks Alike at Barrons.com 10:16AM   InPlay: Stock indices slide to new session lows -- Dow -145, S&P -14, Nasdaq Comp -36 Briefing.com 09:54AM  Deposit-Rate Cut May Help France; Spain a Bigger Question at The Wall Street Journal 09:42AM  Alcoa Second Quarter Earnings Sneak Peek at Wall St. Cheat Sheet 09:38AM  InPlay: Stock indices slightly extend opening declines -- Dow -112, S&P -11.5, Nasdaq Comp -20 Briefing.com 09:26AM   Alcoa Second Quarter Earnings Sneak Peek at Wall St. Cheat Sheet 09:12AM  [video] Jobs Report: Meh at TheStreet 09:08AM   SPDR S&P 500 ETF and Bank of America Among Most Active Stocks in Pre-Market Today on NYSE at Minyanville 09:00AM  Pre-Market Primer: US Hiring Misses Expectations, Only 80,000 Jobs Created in June at Minyanville 08:56AM  Equity Funds' Biggest Weekly Inflows Since September Have $7B Asterisk at Barrons.com 08:50AM  SPX and INDU Updates: Choppy Market Expected at Minyanville 08:46AM  Bears Retreat, But Not Very Far at Forbes 08:42AM   ES Support and Resistance for July 5 at Minyanville 07:56AM  Morning Read: Spanish Yields Back To 7% at Barrons.com 07:44AM   10 Things You Need To Know Before The Opening Bell Business Insider 06:49AM   [video] Day Trade Your Way To a Higher 401(k) at TheStreet 05:01AM  Real Estate Pessimism Makes HCP A Big Fat Bargain at Forbes

AP Business Highlights

...Yahoo Market Update…

Metal News for the Day

Compendium of Important Business / National / World News / Topics / Articles / Headlines

http://albertpeia.com/articlelinkspage3.htm

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. ]

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 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 by Ben Shapiro { It is true! The once great now failed newspaper, the washington post, is an absolute disgrace! But a shadow of its former self, the post is biased presumably owing to shared desperation with the failed president wobama in return for access. So egregious had the bias become wherein ‘sensitive’ commentary antithetical to wobama and his, seldom seemed to work/post properly; and, then of course, the post’s pro-wobama perpetual darkness-induced blind ‘constituency’. I stopped posting there and have not visited their site since nor will I ever again. A rather pathetic swansong / end / wind-down / final chapter for what was once a great newspaper for which I had the utmost regard and respect! }
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.htm
Postal 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 System http://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 Durden [ We’re already in a (continued) recession, stupid; actually, depression. { 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 Durden , Goldman: Germany Is Now On The Hook By €1 Trillion (Or 40% Of GDP) Durden, , 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.htm , 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 Durden , The Mother Of All Infographics: Visualizing America's Derivatives Universe http://albertpeia.com/usderivatives221trillionof707trillionglobal.htm , Fasten Your Seatbelts: High Frequency Trading Is Coming To The Treasury Market [ http://albertpeia.com/highfrequencytradingcomingtotreasuries.htm , As US Rakes Largest Monthly Deficit In History, 2012 Tax Revenues Net Of Refunds Trail 2011 Durden, Guest Post: Money from Nothing - A Primer On Fake Wealth Creation And Its Implications (Part 1) Durden 3-12-12 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) ZeroHedge.com 3-14-12 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 Global Durden 3-12-12 In 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...