Business Summary Links By Day

Business Summary Links By Day

12 Signs That The Next Recession In The United States Has Already Begun http://albertpeia.com/12signsusrecessionhasbegun.htm , 20 Signs That All Point To The Exact Same Thing - Can You Guess What That Is? http://albertpeia.com/20signspointtoeconomiccrisiscollapse.htm ‘The U.S. economy is in a massive amount of trouble. There aren't enough jobs. There isn't enough money to go around. Business activity is slowing down again. Household wealth has been falling. Food prices have been rising. Many state and local governments all over the country are flat broke and are drowning in debt. The federal government has been rolling up unprecedented amounts of debt in an attempt to keep things going, but everyone knows that kind of borrowing is simply unsustainable. So where do we go from here? We consume far more than we produce and we use debt to make up the difference. 40 years ago the total amount of debt in America (government, business and consumer) was less than 2 trillion dollars. Today it is nearly 55 trillion dollars. How in the world did we let the total amount of debt in the United States grow more than 27 times larger over the past 40 years? Our economic system is fundamentally broken, but most Americans don't realize it yet…’ , Dave’s Daily: http://www.etfdigest.com BAD DATA IGNORED IN FAVOR OF TECH 7-19-12 { Tech? Palease, don’t make me laugh! This ‘bad news is good’ scenario based upon hopes for contraindicated, egregiously failed QE for the benefit of the frauds on wall street only to the detriment of everyone else with such hopium rallying stocks has gone beyond the point of ridiculous. It’s really rather pathetic, these so-called wall street mavens/titans of capitalism, the largest of which remain unprosecuted for their huge, lucrative, debilitating frauds wanting/expecting even more on the public dole. They’ve even gotten to the point where their computers are selling to themselves for the ‘churn and earn’ along with the algo-driven contraindicated moves up. The markets are totally cooked! Dave as always is spot-on the case! } ‘There’s plenty of bad economic data to motivate QE3 fans. Jobless Claims rose (386K vs 365 expected & prior revised higher to 352K). The least noticed in the report is 86K were dropped from benefits as their 99 week period expired. Existing Home Sales disappointed (4.37M vs 4.65M expected & prior 4.55M). Leading Economic Indicators fell (-.3% vs -.1% expected & prior .3%). Worse yet was the Philly Fed (-12.9 vs -.8 expected & prior -16.6). Taken together this gives the bad news bulls something to cheer. Below is a chart courtesy of Zero Hedge pointing out the worst part of the Philly Fed reading—employment sub index. Stock markets are rallying substantially as investors rotate away from previous winning sectors like REITs (IYR) and Financials/Banks (XLF & KBE) towards tech (XLK). Once again, there really has never been a bull market without financials in the mix. The last time we saw sharp rallies with financials still lagging was in the Great Depression. IBM was one of the market leaders and investors should remember the DJIA (DIA) is a “price-weighted” index with big blue being the heaviest weighting at 11%. In fact the top 5 represent 33% of the entire index and top 10 or the 30 at 55%. This is why those following the index often find results misleading as to overall market conditions. IBM jumped 3.70% despite lower revenues but better guidance. Qualcomm (QCOM) up 4% and EBay (EBAY) up 8% added to the enthusiasm for tech while financials and other sectors were weak. After the close SanDisk (SNDK), Microsoft (MSFT) and Google (GOOG) all reported earnings that seemed to please lowered estimates. (That’s the way the game is played folks.) Despite Bernanke stating yesterday that the eurozone was “a long way away from being fixed” bulls ignored it for now. After all conditions there are quiet and negative headlines are scant. Spanish yields soared to a record as the German parliament voted to approve loans to Spanish banks. The high court in Germany has still to rule on the constitutionality of bailout mechanisms. Meanwhile “current” crop conditions have deteriorated enough to make the headlines perhaps meaning a time to close long ag (DBA & JJG) positions after such a big move. Nevertheless, better load up on the Corn Flakes while you can. Commodities (DBC) & (USO) continue their upward march. Oh, and while you’re getting your Corn Flakes better gas up since prices will be rising.Volume was once again ultra-light while breadth per the WSJ was positive to mixed…’ , This Is The Government: Your Legal Right To Redeem Your Money Market Account Has Been Denied - The Sequel ZeroHedge.com Tyler Durden Two years ago, in January 2010, Zero Hedge wrote "This Is The Government: Your Legal Right To Redeem Your Money Market Account Has Been Denied" which became one of our most read stories of the year. The reason? Perhaps something to do with an implicit attempt at capital controls by the government on one of the primary forms of cash aggregation available: $2.7 trillion in US money market funds. The proximal catalyst back then were new proposed regulations seeking to pull one of these three core pillars (these being no volatility, instantaneous liquidity, and redeemability) from the foundation of the entire money market industry, by changing the primary assumptions of the key Money Market Rule 2a-7. A key proposal would give money market fund managers the option to "suspend redemptions to allow for the orderly liquidation of fund assets." , Guest Post: Where Is The Line For Revolution? The subject of revolution is a touchy one. It’s not a word that should be thrown around lightly, and when it is uttered at all, it elicits a chaotic jumble of opinions and debates from know-it-alls the world over. The “R” word has been persona non grata for quite some time in America, and until recently, was met with jeers and knee-jerk belligerence. However, let’s face it; today, the idea is not so far fetched. We have a global banking system that is feeding like a tapeworm in the stagnant guts of our economy. We suffer an election system so fraudulent BOTH sides of the political spectrum now represent a hyper-rich minority while the rest of us are simply expected to play along and enjoy the illusion of choice. We have a judicial body that has gone out of its way to whittle down our civil liberties and to marginalize our Constitution as some kind of “outdated relic”. We have an executive branch that issues special orders like monarchical edicts every month, each new order even more invasive and oppressive than the last. And, we have an establishment system that now believes it has the right to surveil the citizenry en masse and on the slightest whim without any consideration for 4th Amendment protections. Unless tomorrow brings a miraculous shift in current totalitarian trends, revolution may be all we have left... , Deja Food: Will Social Unrest Surge As Corn Prices Soar? , Guest Post: Market-Top Economics Market-top economics could be an entire university course, if people cared enough about such phenomena. Most only consider the signs of a market top months or years after a crash when some unyielding economics researcher puts the pieces together. As human-beings we have developed an uncanny ability to rationalize what we know to be bad news and convince ourselves, "This time is different," despite the fact that it usually never is. In a previous article we provided analysis on economic/equity decoupling (cognitive dissonance) and showed that the economy as we know it cannot persist--we are either due for a literal gap-up in leading economic conditions, or we are due for a serious correction in US equities. With today's 5.4% slip in existing home-sales, let's go with the latter. , Ray Dalio's Bridgewater On The "Self Re-Inforcing Global Decline" , Guest Post: Corporate Profits Surge At Expense Of Workers For investors, the continued increases in profitability, at the expense of wages, is very finite. It is revenue that matters in the long term - without subsequent increases at the top line; bottom line profitability is severely at risk. The stock market is not cheap, especially in an environment where interest rates are artificially suppressed and earnings are inflated due to "accounting magic." This increases the risk of a significant market correction particularly with a market driven by "hopes" of further central bank interventions. This reeks of a risky environment, which can remain irrational longer than expected, that will eventually revert when expectations and reality collide. , The Philly Fed Just Signaled The End Of Obama's 'Jobs' Recovery? Hidden under the covers of this morning's already dismal headline print in the Philly Fed data was a considerably worse than expected employment sub-index. Historically this has correlated highly with the non-farm payroll print and suggests (albeit correlation is not causation but gathering real evidence of a slowdown is) that we are heading for a negative print in the next employment report. , Guest Post: We've Decoupled, Alright - From Reality In the U.S. economy, the driplines are debt-based spending and leverage. Thanks to endless intervention and manipulation, the economy is now totally dependent on massive debt-based spending and increased leverage for its "growth." The person or business that becomes dependent on welfare loses resiliency and resourcefulness. To the degree that economies become dependent on debt and leverage just like individuals and companies become dependent on welfare, entire economies lose their resilience and resourcefulness… , What Housing Recovery? Existing Home Sales Miss By Most In 2 Years , Another Double Digit Negative Philly Fed Print Means Fourth Miss In A Row , The Stunning Political Reality Of The Fiscal Cliff Debate , Goldman Adjusts Q2 GDP (Down) ... Again

Morning Snapshot Jul 19th, 2012 by News (USAGOLD) — Gold is well bid today, underpinned by heightened Mideast tensions and a corresponding rise in oil prices. Additionally, another round of disappointing US economic data has once again revived hopes of additional Fed measures to support the languishing economy. Nonetheless, the yellow metal continues to struggle ahead of $1600.Initial jobless claims, existing home sales, LEI and the Philly Fed index all missed expectations, prompting at least Goldman Sachs (but likely others) to revise their GDP forecast lower once again. Amid continued Fed opaqueness on the prospect of QE3, even the slightest hint of a weaker economy reinvigorates the QE3 crowd; essentially turning a negative into a positive, in the sense that bad data can cause stocks to rise as expectations of Fed action is heightened. Today’s data where significantly more than a ‘slight hint’…Probes above the 20- and 50-day moving averages this week are somewhat encouraging to the technical picture, but a convincing move back above $1600 is likely needed to prompt short-covering. More significant resistance is marked by the early-July highs at 1623.54/1624.64, which corresponds closely with the 100-day moving average.

• US Philly Fed index improved to -12.9 in Jul, but was below expectations of -8.0, vs -16.6 in Jun.
• US leading indicators -0.3% in Jun, on expectations of -0.1%, vs upward revised +0.4% in May.
• US existing home sales tumbled 5.4% to 4.37 mln in Jun, below market expectations of 4.62 mln, vs upward revised 4.62 mln in May.
• US initial jobless claims +34k to 386k for the week ended 14-Jul, above expectations of 365k, vs upward revised 352k in the previous week.
• Canada wholesale trade +0.9% in May, on expectations of +0.2%, vs +1.2% in Apr.
• Switzerland trade balance CHF2.25 bln in Jun, vs CHF2.52 bln in May.
• Eurozone current account (sa) €10.9 bln in May, vs upward revised €5.5 bln in Apr.
• Italy industrial orders (sa) +1.7% m/m in May, vs positive revised -1.8% in Apr; -9.4% y/y.
• UK retail sales +0.1% m/m in Jun, vs positive revised +1.5% in May; 1.6% y/y, down from negative revised 2.1% y/y in May.
• Japan All-Industry Index (sa) -0.3% m/m in May, vs +0.1% in Apr.
• Japan Leading Index (revised) -0.4% in May, vs +0.3% previously. Coincident index (revised) unchanged at -1.2%.
• Hong Kong unemployment rate (sa) steady at 3.2% in Jun.

Bernanke Tells Barney Frank: “I Keep A Collection Of Editorials From My Critics’

Daily Bail | Wow. Don’t skip this short excerpt.

Monti plans ‘Greek-style’ takeover of Sicily to avert default

London Telegraph | Italian premier Mario Monti is mulling emergency action to take direct control of Sicily’s regional government.

Why Are So Many Bad Things Happening To America?

The American Dream | Have you ever wondered why things have been going so badly for the United States in recent years?

Prosecutors investigate Vatican Bank mafia link

London Telegraph | Anti Mafia prosecutors have asked the secretive Vatican Bank to disclose details of an account held by a priest in connection with a money laundering and fraud investigation, it emerged on Sunday.

Deep Into The Lieborgate Rabbit Hole: The Swiss Hedge Fund Link?

Zero Hedge | That Lieborgate is about to spill over and take down many more banks is well known.

PETER SCHIFF: Our Children May Have To Lead A Violent Revolution To Bring Back Capitalism

Business Insider | Peter Schiff’s single greatest fear is that over-regulation, too much Fed intervention, and anti-business sentiment will eventually cause capitalism to come to an end.

Big Banks Funded the Nazis and Launched a Coup Against the President of the United States

Washington’s Blog | Big banks have been caught in a wide variety of criminal activities recently.

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

http://albertpeia.com/archives.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 bs 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...