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Vegas jobless rate hits all-time high of 13.1%...
California at record 11.9%...
NYC 9.6%...

PEW: Democratic Party ratings plummet... What rebound? Foreclosures rise, income down...

THE GREAT DEPRESSION AND TODAY - SOBERING PARALLELS ABOUND

By Simon Maierhofer August 27, 2009 …IF THERE IS JUST ONE TIME YOU WANT TO TAKE A LESSON FROM HISTORY, IT IS RIGHT NOW. THE PARALLELS BETWEEN TODAY AND THE GREAT DEPRESSION ARE NUMEROUS AND STRIKINGLY SIMILAR. THIS 5-MINUTE HISTORY LESSON MIGHT BE THE BEST INVESTMENT YOU'LL EVER MAKE.

THE GREAT DEPRESSION AND TODAY - SOBERING PARALLELS ABOUND

WATCH OUT! EVEN THIS RALLY PARALLELS THE GREAT DEPRESSION

The first leg of the Great Depression reduced the Dow Jones (DJI: ^DJI) by 48%. The first leg of the 2007 bear market reduced the Dow Jones by 53%. Both times, the initial declines were followed by powerful and persistent rallies. The five-month rally from November 1929 to April 1930, lifted the Dow Jones (NYSEArca: DIA - News) by 49%. So far, the five month rally from the March 2009 lows has lifted the Dow Jones by some 46%. The time frame and percentage gains are certainly too close for comfort. Even though the S&P 500 (SNP: ^GSPC) was not around during the Great Depression, the modern day picture mirrors the Dow. The Nasdaq (Nasdaq: ^IXIC) may have already provided a window into the future as it declined over 80% from its 2000 technology (NYSEArca: XLK - News) bubble, to its 2009 low. When talking about windows for the future, we can't omit the juicy fact that the Dow Jones measured in the only true currency - gold (NYSEArca: GLD - News) - has also declined to an extent similar to the 1929 - 1932 market meltdown (more about that later).

FROM HUMOROUS TO SOBERING - PARALLELS THAT STING

Did you know that the Great Depression was preceded by a great real estate boom centered in Florida? The Florida real estate bubble burst in 1926, three years before equities. Just as we've seen recently, investors took their leftovers from the real estate bust and poured it into stocks. Talk about jumping out of the frying pan into the fire. Just as in 2007, no one foresaw a decline, let alone the seriousness of the decline. On December 4, 1928, President Coolidge sent the following message on the state of the Union to the reconvening Congress: 'No Congress of the United States ever assembled, on surveying the state of the Union, has met with a more pleasing prospect than that which appears at the present time. In the domestic field there is tranquility and contentment and the highest record of years of prosperity. In the foreign field there is peace. You may regard the present with satisfaction and anticipate the future with optimism.'

JIM CRAMER - THE MODERN DAY HARVARD PARALLEL?

The Harvard Economic Society, previously esteemed for its pessimism, turned bullish a few months before the market topped. In fact, the Society remained bullish all throughout the downturn until it was dissolved just before the depression ended. One of the many blunders that lead to the untimely (though not soon enough for investors' welfare) demise of the Society, was its March 24th, 1930 assessment that; 'The outlook is favorable.' This was just days before the onset of the above mentioned second leg to new lows. The second leg reduced the Dow by another 47%, but it didn't stop there. There are many modern-day parallels to the Harvard Economic Society. The Blue Chip Economic Indicator survey, a survey of private economists, is just one of them. According to the survey, 90% of economists believe that the current recession will be declared to have ended this quarter. Nobel-Prize-winning economist Paul Krugman, who believes the worst of the global crisis is over, is likely to be another one. Interestingly, economists also believed that in March 2009 the market's worst was yet to come, when the Dow traded below 7,000. Contrary to the general climate, the ETF Profit Strategy Newsletter's contrarian view has been keeping subscribers one step ahead of the market.

REALISTS BEAT OPTIMISTS

In December 2009, the Newsletter declared Dow 9,000 to be an opportunity to load up on short ETFs. This window of opportunity opened from January 2nd to the 6th. In the following 90 days, short ETFs went to record double and triple digit gains, while the S&P 500 (NYSEArca: IVV - News) lost 30%. On March 2nd, at a time when an atmosphere of doom permeated Wall Street, the Newsletter issued a Trend Change Alert with a target of Dow 9,000 - 10,000 and S&P (NYSEArca: SPY - News) 950 - 1,050. As the following excerpt from John Kenneth Galbraith, author of 'The Great Crash 1929', observes; contrarian (or realistic) investing pays big dividends. Before reading Mr. Galbraith's astute assessment, take a moment to put it in context with today's environment. Consider that the market just rallied about 50% from its March lows and the worst seems to be over, while compelling values abound (allegedly).' The worst continued to worsen. What looked one day like the end proved on the next day to have been only the beginning. Nothing could have been more ingeniously designed to maximize the suffering, and also to insure that as few people as possible escape the common misfortune. The fortunate speculator who had funds to answer the first margin call presently got another and equally urgent one, and if he met that there would still be another. In the end all the money he had was extracted from him and lost. The man with the smart money, who was safely out of the market when the first crash came, naturally went back in to pick up bargains. The bargains then suffered a ruinous fall. Even the man who waited for volume of trading to return to normal and saw Wall Street become as placid as a produce market, and who then bought common stocks would see their value drop to a third or a fourth of the purchase price in the next 24 months. The Coolidge bull market was a remarkable phenomenon. The ruthlessness of its liquidation was, in its own way, equally remarkable.' Other parallels that can be found are the government's assurance that things are fundamentally sound, an increase in mergers and acquisitions, falling car prices, increasing Ponzi schemes (Madoff vs Ponzi), new tools to leverage money, credit expansion/contraction, etc. The Great Depression even had its own Warren Buffett and Jim Cramer. If that isn't enough, consider this: Research shows that the decline in industrial production over the last nine months has been as bad, if not worse than the nine month following the 1929 peak. The world stock markets have fallen even faster this time around compared to 70 years ago. The volume of world trade is drying up at a faster pace than the Great Depression and government surpluses are the lowest in 100+ years.

RED ACROSS THE BOARD, NOT SEEN IN 70 YEARS

Thus far, this bear market has humbled large cap stocks (NYSEArca: OEF - News)along with small cap stocks (NYSEArca: IWM - News), growth funds (NYSEArca: IWF - News) along with value funds (NYSEArca: IWD), defensive sectors along with aggressive sectors, real estate (NYSEArca: ICF - News) along with commodities (NYSEArca: DBA - News). This unique 'red across the board' behavior has not been seen in the 70s, 80s or 2000 bear markets. The only other similar time period to be found is during the Great Depression. Of course you can't simply build your entire financial future around parallels to past history. If, however, such parallels as the ones discussed above, harmonize with trustworthy indicators with an accurate historic record, the composite advice should not be ignored. In fact, ignoring those indicators as a composite would be a foolish thing to do. History has taught us that in periods of time when investors are enthusiastic about stocks and their future prospects (1929, 2000, and 2007) has turned out to be the worst times to buy, and almost always preceded a major market decline. The implications of the above mentioned composite indicators will do more than merely touch peoples' financial futures. Prudent investors will take precautions now to protect their family and financial nest egg. The brand-new September issue of the ETF Profit Strategy Newsletter includes an analysis of the current rally (are higher prices ahead or is a top in place?), a target range for the ultimate market bottom, ETF profit strategies, and practical ways to thrive and survive in the coming years. As mentioned above, the Dow's recent decline measured in gold is a near replica of the 1929 - 1932 decline in stocks. Eventually, the Dow measured in inflated dollars will catch up with the real value metrics reflected by gold. At that time, many will wish they'd learned from history. We simply must learn from the mistakes of others because you can't possibly live long enough to make them all yourself.'

Who's Behind All This VIX Trading? …I don't tend to engage in conspiracy theories and, while I know that market manipulation happens, I don't think it usually occurs on this large of a scale. But when I see this, I am reminded of the poker adage: "If you can't spot the sucker at the table, then it's probably you."

"ARTIFICIALLY SWEETENED" MARKET COULD FACE "SEISMIC READJUSTMENT," Harrison Says After the heady rally off the March lows, Todd Harrison, CEO of Minyanville.com, now believes the risk-reward favors shorting the market vs. being long. "This is a Splenda market - because there's so much artificial sweetener involved," Harrison says. After making bullish calls here in February (albeit early) and again late April, he's more lately shorting the Powershares QQQ with a tight 2% stop. "That's all I'm willing to lose on this bet," he says. Technically, the Nasdaq is currently at a major convergence of the downtrend line from its 2007 peak, long-term resistance at around 2000, and a 50% retracement of decline from the October 2007 highs to the March lows, Harrison says. That setup could result in at least a temporary setback for related stocks. Longer-term, his concerns center around the novel idea that there's going to be a price to pay for all the government stimuli that have resuscitated the U.S. economy and given a major jolt to both the equity and credit markets. "The government is showing its hand and what they want to do: They want to transfer our obligations to our children, which will inherently lower the standard of living to our children," he says. But even worse than the shocking $9 trillion deficit America faces over the next decade, Harrison worries that we don't control our own fate. "That transfer of risk to future generation is in the hands of foreign holders of dollar-denominated assets," he says. "A seismic currency readjustment is a legitimate risk."

Geithner: Auditing the Fed is a “line that we don’t want to cross” James Corbett | Geithner’s response that auditing the Fed would give politicians dangerous control over American monetary policy is mistaken at best and a deliberate lie at worst.

George W. Bush CIA insider key to Obama plan

La Raza Member Attacks Gene Green Towhall Attendees Infowars | They admit they’re “taking over America” and that they want to “kick us out.”

Scientists Confirm the Effectiveness of The Big Lie – People Will Go To Extraordinary Lengths to Create False Justifications for Government Misdeeds

CIA collusion with “Al Qaeda” financiers and attack planners

MSNBC Pimp: Trust The Government And “Get Your Damn Vaccine” While Swine Flu Vaccine Has Been Declared “Safe”, Novel Adjuvants Will Be Used Before Any Meaningful Testing has been Conducted Exposed: The Swine Flu Hoax Scotland’s Water to be Fluoridated by Westminster Dictat

Scientists Debunk UN “Global Warming”

DRUDGEREPORT: Obama Predicts Unemployment, Deficits Far Worse Than Previously Stated...
Grim... Official: Real unemployment rate at 16%...
Rhode Island to shut down gov't for 12 days...
FT: Deficit fears put Obama's reforms in jeopardy...
WSJ: Dollar Steadily Losing Influence...

Vegas jobless rate hits all-time high of 13.1%...
California at record 11.9%...
NYC 9.6%...

PEW: Democratic Party ratings plummet... What rebound? Foreclosures rise, income down...

6 years after invasion, electricity still scarce in Baghdad Baghdad blasts kill 95 FOUR SOLDIERS KILLED IN AFGHANISTAN; MAKING 2009 DEADLIEST YEAR OF WAR... 30 killed in Kandahar blast caused by 5 car bombs... 4 BRITISH SOLDIERS DIE FOR THE SAKE OF 150 VOTES…for puppetmasters’ puppet...

Israeli raid on Gaza tunnel kills 3

List of Dead Scientists Steve Quayle | Microbiologists, chemists, and other scientists connected to biological weapons are showing up dead in alarming numbers. http://www.albertpeia.com/listofdeadscientistsquayle2009.htm

'Inhumane' CIA terror tactics spur criminal probe

Scottish govt defends Lockerbie bomber's release though all they really have to do is point to the war criminals in u.s. who haven’t even been charged/prosecuted…e Stark double standard …Firstly, the case against him was circumstantial and relied heavily upon the testimony of Tony Gauci, a Maltese shopkeeper, who said he recognized Al-Megrahi as the man who bought clothing in his shop, fragments of which were later found in the incendiary suitcase. Yet, Gauci was allegedly shown photographs of Al-Megrahi and others prior to the line-up when he failed to identify him. He was then instructed to focus on Al-Megrahi’s picture when he insisted that the person who bought his clothes was much older than the man in the photo. He is also said to have been coached by prosecutors prior to giving testimony and is thought to have been offered millions of dollars in bribes to testify at trial…

Admiral: Afghan conflict 'serious' and 'deteriorating'...
Mullen worried over public rationality in lack of support for yet another of broke america’s wars for benefit of military industrial complex and war profiteers...

POLL: New Low for Obama Approval Index...

Millions face shrinking Social Security payments (and this is just the beginning since america is defacto bankrupt)...

Karzai and Warlords Mount Massive Vote Fraud Scheme Afghan panel finds vote fraud charges serious Afghan challenger Abdullah says polls rigged... Afghan President Hamid Karzai’s main challenger said on Sunday he had evidence last week’s election had been widely rigged by the incumbent and that he had lodged more than 100 complaints.

DRUDGEREPORT: OBAMA HIKES 10-YEAR DEFICIT TO $9 TRILLION
Charlie Cook: Dem situation has 'slipped completely out of control'...
Pelosi: House Can't Pass Bill Without Gov't-Run Plan...
NOONAN: Pull the Plug on ObamaCare...
Stephanopoulos: Americans 'Worried He's Getting in Over His Head'...
Obama's blame-game list...
Voight: Is president creating civil war in America?...

Vegas jobless rate hits all-time high of 13.1%...
California at record 11.9%...
NYC 9.6%...

GALLUP: OBAMA HITS NEW LOW... Firms with Obama ties profit from health push... PEW: Democratic Party ratings plummet... What rebound? Foreclosures rise...
100-year-old beaten, robbed of $30...

Virus poses 'serious threat to nation'...
Speed up drugs; Needed in weeks...
'Doctors' offices and hospitals may get filled to capacity'...

ENOUGH HEALTH CARE TALK: White House spokesman announces interrogation unit for terror...
Prosecutor Named to Probe CIA Abuses...
Report: CIA threatened detainee families...
Panetta 'Threatens to Quit'...

Seeking Alpha…Will the economic recovery be enduring—V shaped? Collapse after a short time—W shaped? For the middle class, it may be none at all—an X. By conventional wisdom, the housing bubble, credit crisis and collapse in consumer spending caused the recession. With home sales rising, new cars flying off lots, and Wall Street profits soaring, analysts see an imminent recovery, but the economy is running on steroids. About 90 percent of existing home sales are distress sales—foreclosures and homeowners in financial difficulties. New home purchases are juiced by the $8000 first-time buyer subsidy that expires December 1. Summer car sales were pumped by cash for clunkers. Regional banks are failing under bad commercial loans, and mortgage-backed securities purchased from Wall Street financial houses. In part, Wall Street posts big profits by shifting its debauchery onto smaller brethren, and the FDIC may run out of cash to guarantee regional banks’ deposits. Clueless behavior by big players is frightening. Automakers are boosting production, assuming car sales will continue at their torrid summer pace. Wall Street is planning big year-end bonuses instead of shoring up capital for a possible second dip in the recession. The backup may be a Broadway lyricist to pen “Bail ‘em out again Ben.” Consumers, recognizing danger, stay away from the malls and seize what dollars they have. The economy will be lifted by businesses rebuilding depleted inventories and replacing outdated computers and federal stimulus dollars. Those simply will not deliver annual GDP growth greater than 2.5 percent or many new jobs. The stock market will rally with modest growth, because U.S. multinationals produce so much in Asia where growth is robust. To Wall Street, the recovery will appear V-shaped, but for ordinary workers, it will be an X. Unemployment will reach 10 percent, and stay there until President Obama stops obsessing about redistributing wealth by nationalizing car companies and health care and raising taxes on energy and the wealthy. The country needs pro-growth policies—fixing the huge trade deficit and the banks. Dollars spent on imports that do not return to purchase exports can’t be spent on American products. That saps demand for American-made products, keeps factories and offices shuttered, and idles workers. The trade deficit is mostly oil and Chinese consumer goods. Export more, import less, or the economy flops. Without bank credit, businesses can’t expand, entrepreneurs can’t create, and workers don’t work. Obama dodges the toughest aspects of the banking morass. Compensation structures built on the too big to fail doctrine permit Wall Street to take huge risks, shift losses onto smaller investors and the government, and suffer too few consequences for their calamities. Until those change, Wall Street bankers will be too busy chasing rainbows to adequately reestablish lines of credit to regional banks essential for business expansion. Buy only as much as you sell, reasonable pay for honest work, and let the reckless fail. Old time religion? That’s what made America great.

13 VIEWS FROM SEEKING ALPHA:

Is It a Stock Market Rally or a Dollar Devaluation Seeking Alpha…A cheaper dollar means higher stock prices (temporaily), as US assets are marked down for global investors. What we have is not a stock market rally but an adjustment to global market prices. Fully 80% of the movement in the S&P can be explained by the movement in the dollar index. That is a profile well known to emerging market investors. Whenever the Brazilians would pull another currency devaluation, stock prices rose to compensate, as tradeable assets floated up to world market prices. The bank bailout has made Americans poorer relative to the rest of the world and created the illusion of a stock market recovery…

Wall Street was all in at the bottom, they caused the reversal and resulting rally on declining volume, they held up the market all on their own until institutional money managers fear ful of being accused of missing the boat climbed aboard a few months later and now appear to be fully invested, all that is left is for the fearful retail investor to be convinced by Wall Street thats its safe for them to get on board as well. Based on Wall Streets history for sacrificing the retail investor for the good of the market, it seems that another black Oct is a forgone conclusion and then it starts all over again. Aug 22 2009

Let me put it this way, if the market goes down 50%, then goes up 50%, are you happy?
If that became a trend and happened 4 more times, over say the next 3 years or so, you know what is left of your $1,000,000 investment?
Answer = $237,304

"...The biggest rally during the '29 to '32 period was 46.77% over 148 days. The current rally is up 51.68% over 165 calendar days. ..." Looks pretty darn ( statistically ) similar to me! The exact opposite of your conclusion...suggest you brush up on your math!

This bull looks like BS to me. Low volume, high P/E. The market was oversold in March and overbought now, but that doesn't mean it won't go higher or another panic might not test the March lows. The important lesson for investors is that you cannot time the market and must stay in the market to catch the upward movements. Diversification is the key. Exposure to different asset classes, including stocks, bonds, property, gold and cash. Don't be greedy.

Hypothetical scenario
start with $1 to invest in 1990 by 1999 you have $2, now the dotcom bubble bursts your portfolio drops 50% and your left with $1, back to square one, well then you hang in there and your investment grows by 50% through 2008 so your up to $1.50, better then nothing though your only up 50% in 2 decades, then we get the 2008 collapse down another 50% in 6 months to $.75, so now your down 25% from your initial investment of $1 in 1990, but wait if you can stay fully invested and all your positions move with the market your up 50% in six months so you would now have $1.125 in your account, so since 1990 your original investment of $1 has grown by 1/8 in just under 2 decades. Thats is reality for most investors and to think they dont know is foolish and to think they will run back into the market again is also foolish, without the Retail Pawns it will be hard for Wall Street to continue playing the market manipulation game much longer

This latest Bernanke-fueled rally confirmed--it's a pro market for technicians driven by momentum based off Bernanke's cues. You can write the script--the pro's drive another 300-500 points on the Dow, then small investors move in. It's all good--until Jan/Feb/Mar. 2010 when consumer spending craters (then back to Dow 8000) or when Israel bombs Iran (then back to Dow 6000).

I do not know if this is a beginning of a bull or a bear. But, certainly, at these level the US market is not a buy. Even in the positive scenario that the S&P earns its 10 year average of 50 in 2010 it would stillbe a P/E of 20. Then consider that the consumer will not return and that the government cannot forever sustain its current cost to income ratio of 180% and you will have to come to the conclusion to sell.

Love the statistics which are favorable, but beside the quantitative
analysis try a qualitative analysis.

1. Volume is low over all and historically.
2. NDX typically leads any lasting rally,
3. The underlying economy is not likely to produce the earnings projected (high probably multiple expansion is unwarranted).
4. The depth of the retraction into March was over sized expect the bounces to be equally exotic.
5. The liquidity poured into the market is 7-10 times the amount seen in any other recession - where did it go beside bank values? stocks.
6. Be patient and careful, momentum is fading the market may be out of fuel.

For those who think this market is even remotely close to reasonable valuations, we suggest they read Doug Short's accurate summary of historical stock market valuations. See: www.dshort.com/article...
As per Doug Short's great summary, it does not mean the market cannot go higher temporarily - based on the momentum and liquidity trading that is apparently happening - but it does clearly show that the market is significantly overvalued by any historical comparisons with previous recessions. Thus the only logical conclusion is that (unless the market is somehow different this time-and it never has been different before-despite bull and commentator claims to the contrary) the market will endure at least one more very serious selloff at some point in the relatively near future(or alternatively there will be some magical hugh increase in corporate earnings, which is highly unlikely). Thus maybe one can trade this market and make some money, but past historical comparisons indicate there will be much better buying opportunites at much better valuations somewhere out there in the relatively near future.

Was there a Goldman Sachs in 1929-1932 with a direct dollar pipeline to the Fed? Much of what we see today, IMO, is smoke and mirrors designed to make us feel good. In today's America, feeling good is more important than reality. Or, perhaps we believe feelings create reality. Japan has languished because they refused to deal with their economic colapse according to reality. Aren't we doing exactly the same? Did the investors who created this mess lose their money? Not yet. But a lot of others have. Have the bad loans been dealt with? Not yet. And we all know it. What has happened is the Fed has pumped dollars into the "too-big-to-fail" companies (the one's who should of lost it all) and the government has handed money to it's citizens to "stimulate" things. Oh yes, and the media has pumped persistently positive news to the citizens designed to change moods rather than report fact. Bernanke thinks he has it figured out. That he can engineer a graceful recovery and save the world. I think he's convinced has a lot of new tricks up his sleave that will make it different this time. I'm just afraid that his power is still inferior to the market's even though he has a infinite number of dollars to play with.
And when the market decides to take over once again, look out below.

It is actually worse than that because unless America ring fences its economy by implementing exchange controls then most of the hot investment money will simply flow into the economies of other countries. Even so you will struggle not to resemble Zimbabwe.

WHY DO EQUITY MARKETS DISAGREE WITH THE DATA? Adam Hayes Some of the smartest economists, traders, bankers, brokers, and academics are all screaming and yelling the same things: "This recession/depression is NOT over yet! This is just bear market rally! There are NO green shoots!" And the data does support these beliefs. Retail sales and consumer spending remain muted as families increase savings and pay down debts. Unemployment is not yet recovering, foreclosures are still rising while home prices are still falling. Commercial real estate is starting to falter in a major way. Oil and metals remain elevated while the dollar remains relatively weak. Banks are failing at a record pace and the FDIC is on the verge of insolvency. The government is auctioning debt at a record pace (and record % of GDP) while the deficit explodes. Banks are still NOT lending to small businesses or homebuyers nor to each other. Much of this data is also showing no sign of decelerating. Every week a new number comes out the revision for the previous always seems to go worse! And the GDP numbers, when analyzed, show that government spending and issuance of government debt is keeping the economy from being much much worse. And what happens when BRIC countries stop buying our debt and dollars? The Ponzi scheme falls apart then? And what about diminished tax rolls both local and federal due to low employment and low corporate earnings!?

CALPERS IS UNSUSTAINABLE Jeff Nielsen The mainstream, U.S. media continue to ignore a steadily worsening pension crisis, most likely because it is one more huge contradiction of all their “U.S. economic recovery” propaganda. Unlike the $70 trillion or so in “unfunded liabilities” which is certain to bankrupt the U.S. federal government – but not today, the U.S. pension-crisis is already here. When the chief actuary of the nation's largest, state pension plan (CalPERS) bluntly states, “We are facing decades...of...unsustainable pension costs”, this should have attracted the attention of journalists across the U.S. Unfortunately, they all appear to be much too busy handing out their “U.S. economic recovery” party-hats to be paying attention. Some people may not see a direct connection between the health of U.S. pension plans and the health of the overall economy, however the connection is clear – and has never been greater than it is today. The huge, demographic bulge known as “the baby-boomers” are beginning to retire. After plundering government coffers for their entire lives by demanding exorbitant social programs which they were unwilling to pay for with their own taxes, they have literally mortgaged the futures of their own children and grand-children. But the “plague” these “locusts” have inflicted on the U.S. economy goes well beyond that. These are the same baby-boomers who dismantled the U.S. manufacturing sector, and shipped it to Asia – so that they could pay less for the ever-increasing hoard of consumer-goods which they have accumulated with manic zeal. In the process, they have also eliminated most of the well-paying jobs which they benefited from, but which they have taken away from their children and grandchildren. Despite the baby-boomers having the best-paying jobs of any generation in history, and ridiculously low taxes (relative to the gold-plated social programs they demanded), these pampered prima donnas have been so recklessly irresponsible with their own spending that this generation has less in savings than previous generations. As a result, this bloc of selfish spendthrifts is more dependent on lavish pensions (and pie-in-the-sky medical benefits for seniors) than their own parents. The problem is that this group has mismanaged their own pension-plans just as badly as they have mismanaged the overall economy and government finances. In other words, just as they have doing all their lives, U.S. baby-boomers are planning on spending money they don't have all through their retirements – in order to fund their lavish lifestyles. However, having squeezed all of the wealth out of the U.S. economy, and squeezed all the wealth out of their children and grandchildren, there is no money to top-up their mismanaged, under-funded pension plans (along with the equally generous retirement medical plans which accompany them). The bottom line is that this generation of financial-failures is already facing a multi-trilllion dollar shortfall - which is totally separate from the $70 trillion funding-gap in Social Security and Medicare (see “U.S. Pension Crisis: the $3 TRILLION question”). This is a crisis which is developing from the bottom up. Vallejo, the one-time state capital of California, was already forced into bankruptcy due to the unsustainable retirement benefit plans of its municipal workers. Meanwhile, on the opposite coast, municipal leaders lament that they only have enough funds to pay for either the pension/medical plans of their former police officers and firefighters, or the salaries of the current police and firefighters. Further aggravating this crisis at the local level, many municipal governments were severely “burned” through being conned into various forms of “exotic financing” by Wall Street scam-artists. Municipalities and public institutions not just in the U.S., but all over the world, have been crippled by countless billions in losses – while paying these financial predators fat fees to ruin them. It is within this context that we can begin to examine the problems of the pension-plans, themselves. To start with, the “financial model” (and solvency) of most of these pension funds is based on the premise of a rate of return far in excess of the historical, average rate of return in the U.S. economy. This is despite the fact that the U.S.'s steadily growing mountain of never-to-be-repaid debt requires an ever-greater percentage of the U.S.'s GDP just to service the interest payments on this debt…

Israelis killed Palestinians for organs US complains to israel on Palestinian-American entry rules (AFP) More E. Jerusalem evictions likely 'Karzai has divided Afghanistan' Baghdad blasts leave 95 dead – america’s tainted touch …d Shell-shocked Gaza children (AFP)

THE FOLLOWING BLOG ENTRY APPEARED COURTESY OF STOCKSMURF:

Question: Should Donald Trump be indicted for stock fraud, misappropriation of fiduciary funds and conspiracy to defraud shareholders, bondholders and general creditors? (Short Answer: Yes!)

Background Statement: Trump Entertainment Resorts, Inc.(Pink Sheets: TRMPQ)( the “Company”) is a holding company, which owns and manages its own casinos/hotels in Atlantic City, New Jersey. The company, formerly known as Trump Hotels & Casino Resorts, was formed in 2005 as a result of the restructuring, caused primarily from mismanagement, fraud and deception by Donald J. Trump. Prior to forming the Company and to hide his fraudulent actions, Mr. Trump announced a preliminary agreement with its investors on October 21, 2004. Preceding this announcement and for a period of 18 months, Mr. Trump systemically sold shares of the public company, knowing full well and not disclosing to the shareholders or in SEC files that the Company was on the verge of bankruptcy. On November 21, the Company filed for bankruptcy. Trump said the filing was “really just a technical thing” as the best way to implement the restructuring plan – in other words to hide his fraud since the “reorganization scheme did not require a full audit of the books and records of the Company. The plan was submitted to the Bankruptcy Court on December 16, 2004. After the 2004 bankruptcy filing and discharge, the Company changed its name to Trump Entertainment Resorts. Again Mr., Trump was able to misappropriate fiduciary funds, conspire with others to defraud shareholders and bondholders, sold more shares to the public without full disclosing the true financial condition of the Company and other criminal acts too numerous to include herein. On February 17, 2009, the Company again filed for Chapter 11 bankruptcy protection, in the face of multi-billion dollar debts. Nine affiliates of the casino operator, including Trump Plaza Associates, Trump Marina Associates, and Trump Taj Mahal Associates, also filed at the same time. After stealing assets and other resources, misappropriating and defrauding shareholder and bondholders of at least $5 billion, Mr. Trump had the impudence on August 4, 2009 to offer to buy Trump Entertainment Resort for $100 million.… This time the bondholders who would lose their entire $1.25 billion investment are standing up to Mr. Trump, asking a Bankruptcy court judge to block the planned sale of three Atlantic City casinos. However, Mr. Trump is playing his hand like he’s invisible and has the right to defraud shareholders and bondholders with impunity, caused the board of directors of the Company to appoint his daughter Ivanka Trump, as operating officer ( a mere shill with limited business sense of the casino industry) and wipe out all the other creditors.

The numerous frauds committed by Donald J. Trump are classic examples of a person with ‘top-line connections” and “influence” to pillage and plunder without liability. The investigation conducted by Dartline clearly suggests at the very least, the Securities and Exchange Commission (SEC) should look into the inappropriate stock sales, especially their timing, while the Justice Department and the New Jersey Casino Commission examine the Company’s books and report from October 1, 2003 to February 14, 2009 (the date Mr. Trump stepped down as the Company’s Chairman of the Board).

My Reply:

trump should be indicted!

You are quite naive! trump's modus operandi is to bribe and much of this is done sub rosa, ie., in the guise of legal fees, etc.. The feds cover-up for him (his sister maryanne is a federal judge, now 3^rd Cir. Ct. Appeals). The answer is yes, but don't hold your breath. While you're in probably the most corrupt state in the u.s., the fact is america is pervasively corrupt.

This link is to a 5 page fact scenario under penalty of perjury I was asked to prepare for the FBI http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm (note sam alito's role as u.s. attorney - now on u.s. supreme court http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf ) involving drug money laundered through the trump casinos (the RICO case was initially assigned to newly appointed maryanne trump barry, his sister, and the corrupt feds have been covering up ever since with additional predicate acts along the way; a totally corrupt federal system which covered up the recent massive securities fraud funded/bailed out by taxpayers). louis freeh, considered by Judicial Watch to be the most corrupt FBI director in history, as per former prosecutor Larry Klaiman and then staff. The so-called american system is totally corrupt. america’s broke and broken. america’s done!

http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/alresume65393.htm

More E. Jerusalem evictions likely 'Karzai has divided Afghanistan'

The West behind Iran unrest, Ahmadinejad says

Ezra Nawi: Jewish Pacifist Facing Jail for Aiding Arabs (Time.com)

Palestinian rift helps enemies: Kingdom

A REALITY CHECK ON U.S. 'ECONOMIC RECOVERY' Jeff Nielson - U.S. equities are rallying again today, and (as usual) it is a rally with no basis in reality. Most of the enthusiasm comes from another string of corporate quarterly results which “beat expectations”. I had hoped that the sheep were starting to clue-in to this silly game, however it appears there is a still a large pack of Pavlov's Dogs out there – who respond to their propaganda cues without a moment of actual thought. The truth is that all of the companies “beating expectations” are still reporting steadily worse results year-over-year – and in many cases, much worse results. Among the few exceptions are U.S. financial corporations. However, since accounting-fraud was legalized in the United States (see “FASB strong-armed into mark-to-fantasy accounting”), their bottom-lines have had absolutely no connection to their business operations…

Maine TV Station Airs Report on National Guard and Flu Pandemic Riots Equal Opportunity: Bush as Joker Poster for Download Florida Police Interrogate Suspect in Obama-Joker Poster Crime Excellent Obama as Joker Contest Entries Keep Coming Infowars | The response to the video contest to expose Obama is overwhelming. Obama Joker Poster Banned From Workplace US raid claims 3 more Afghan’ civilian lives Military Confirms States Deciding Mandatory Vaccination

`PAPER: FRESH ALERT ON GLOBAL STOCK MARKETS...`RBS uber-bear issues fresh alert on global stock marketsThree-month slide could hit record lows, Royal Bank of Scotland chief credit strategist Bob Janjuah predicts. By Ambrose Evans-Pritchard, International Business Editor
Published: 8:26PM BST 12 Aug 2009
Britain's Uber-bear is growling again. After predicting a torrid "relief rally" over the early summer, Bob Janjuah at Royal Bank of Scotland is advising clients to take profits in global equity and commodity markets and prepare for another storm as winter nears. "We are now in the middle of a parabolic spike up," he said in his latest confidential note to clients. "I expect this risk rally to continue into – and maybe through – a large part of August. What happens after that? The next ugly leg of the bear market begins as we get into the July through September 'tipping zone', driven by the failure of the data to validate the V (shaped recovery) that is now fully priced into markets." The key indicators to watch are business spending on equipment (Capex), incomes, jobs, and profits. Only a "surge higher" in these gauges can justify current asset prices. Results that are merely "less bad" will not suffice.
He expects global stock markets to test their March lows, and probably worse. The slide could last three months. "A move to new lows is highly likely," he said. Mr Janjuah, RBS's chief credit strategist, has a loyal following in the City. He was one of the very few analysts to speak out early about the dangerous excesses of the credit bubble. He then made waves in the summer of 2008 by issuing a global crash alert, giving warning that a "very nasty period is soon to be upon us" as – indeed it was. Lehman Brothers and AIG imploded weeks later.
This time he expects the S&P 500 index of US equities to reach the "mid 500s", almost halving from current levels near 1000. Such a fall would take London's FTSE 100 to around 2,500. The iTraxx Crossover index measuring spreads on low-grade European debt will double to 1250.
Mr Janjuah advises investors to seek safety in 10-year German bonds in late August or early September.
While media headlines have played up the short-term bounce of corporate earnings, Mr Janjuah said this is a statistical illusion. Profits were in reality down 20pc in the second quarter from the year before. They cannot rise much as the West slowly purges debt and adjusts to record over-capacity. "Investors are again being sucked back into the game where 'markets make opinions', where 'excess liquidity' is the driving investment rationale.
"The last two Augusts proved to be pivotal turning points: August 2007 being the proverbial 'head-fake' when everyone wanted to believe that policy-makers had seen off the credit disaster at the pass, and August 2008 being the calm before the utter collapse of Sept/Oct/Nov… 3rd time lucky anyone?" The elephant in the room is the spiralling public debt as private losses are shifted on to the taxpayer, especially in Britain and America. "Ask yourself this: who bails out Government after they have bailed out everyone?" Mr Janjuah said governments might put off the day of reckoning into the middle of next year if they resort to another shot of stimulus, but that would store yet further problems. "If what I fear plays out then I will have to concede that the lunatics who ran the asylum pretty much into the ground last year are back in control." …

DRUDGEREPORT: Federal deficit higher in July, $1.27T this year; Record spending...
Home foreclosures set another record in July; Rise 7%...

PAGLIA: PELOSI MUST GO...

RASMUSSEN POLL: Obama Approval Rating Falls to New Low: 47 %...

'No He Can't!' Anti-Obama Trinkets Explode in Sales...

VIDEO: Sen. Specter Shouted Down Over Health Care... SEE THEM SWEAT IN NEW JERSEY...

Israel rejects Sarkozy call to free prisoner (AFP) Abbas rules out talks unless Israel halts settlements (AFP) israel urged to ‘rush’ into attack on Iran

Israel killed Gazans waving white flags GAZA CITY: New York-based Human Rights Watch (HRW) said in a reported on Thursday that Israeli soldiers killed 11 Palestinian civilians, including five women and four children, waving white flags during...

Dumber and Dumber

obama had a mandate for real and positive change. his lack of courage changed that. bringing in the insiders at substantial taxpayer (bailout of a massive fraud) expense proved this. his, as bushes' before him, is a failed presidency!

IT TAKES MORE THAN A TYPICAL JIVE-TALKING, LATENT GAY, MENTALLY TROUBLED MULATTO NEGROE WHO HAS NEVER DONE ANYTHING OF SUBSTANCE IN HIS LIFE TO CHANGE THE CONTINUING COURSE OF DECLINE OF A CORRUPT BANKRUPT NATION AS AMERICA

The Obama Deception

Bob Prechter "Quite Sure" Next Wave Down Will Be Bigger and March Lows Will Break In late February, Robert Prechter of Elliott Wave International said "cover your shorts," and predicted a sharp rally that would take the S&P into the 1000 to 1100 range. With that prediction having come to pass, Prechter is now saying investors should "step aside" from long positions, and speculators should "start looking at the short side.""The big question is whether the rally is over," Prechter says, suggesting "countertrend moves can be tricky" to predict. But the veteran market watcher is "quite sure the next wave down is going to be larger than what we've already experienced," and take major averages well below their March 2009 lows. Yes, the late 2007-early 2009 market debacle was just a warm-up to what Prechter believes will be the bear market's main attraction. In this regard, he says the current cycle will echo past post-bubble periods such as America in the 1930s and England in the 1720s, after the bursting of the South Sea bubble. The 2000 market peak market a "major trend change" for the market from a very long-term cycle perspective, and the downside is going to continue to be painful well into the next decade, Prechter says. "The extreme overvaluation, the manic buying and bubbles in the late 1990s [and] mid-2000s are for the history books - they're very large," he says. "The bear market is going to have balance that out with some sort of significant retrenchment."

Israel recalls diplomat who warned about US ties (AFP) - AFP - Israel has recalled one of its senior diplomats in the United States after the leaking of a warning he gave about the damage to ties caused by the policies of Prime Minister benjamin netanayahoo

israel lobbying for sanctions on Iran when all know sanctions should be imposed on israel n

This Depression is just beginning You read that right! Only $400 billion of that fantastic 6 month “green shoots” stock market rally came from money market accounts. The rest ($2.3 trillion) was laundered through the banks and other financial institutions to create the appearance of recovery and to raise equity for underwater banks rather than forcing them into receivership (which is where they belong) Bernanke probably knew that congress wouldn’t approve another TARP-type bailout for dodgy mortgage-backed assets, so he settled on this shifty plan instead. The only problem is, the banks are still broke, business investment is at historic lows, consumers are on the ropes, the unemployment lines are swelling, the homeless shelters are bulging, the pawn shops are bustling, tent cities are sprouting up everywhere, and according to MarketWatch, Corporate insiders have recently been selling their companies’ shares at a greater pace than at any time since the top of the bull market in the fall of 2007.” Face it; the economy is in the crapper and Bernanke’s trickery hasn’t done a lick of good. The Next Wave of Collapse is Coming Sooner than you think Back in the Great Depression of 1929 through the 1930’s, we saw a similar Zig-zag pattern. There was a crash in 1929, followed by a nice rally, but then the most devastating part of the market collapse followed into the 1930’s. `Feds Hit With Biggest Tax Revenue Drop Since 1932...` The Great Depression Two Continues There is no coincident data which is demonstrating this recession is over. Some may be at the bottom, others have a way to go… An Artifical Recovery [$$] Why I Went Fully Into Cash

Max Keiser: Prosecute the Bankster Crime Syndicate (7-29-09) Insiders Selling at Alarming Levels …Although the level of insider selling is certainly alarming it's important to note that the very low levels of buying are particularly alarming. Insiders sell stock for many reasons, but they generally only buy stock for one reason: they believe the stock is going up. Despite the fact the media is reporting an end to the recession, a bottom in housing and a trough in earnings we are seeing a vote of zero confidence from the people who know these companies better than anyone else…

STILL NO PROSECUTIONS OF THE FRAUDS ON WALL STREET SO JUST ANOTHER BUILT-IN COST BY CHURN-AND-EARN COMMISSIONS TO, DEFACTO TAX ON NON-PERFORMING / DECLINING ECONOMY, DURABLE GOODS DOWN/FORECLOSURES UP, CONFIDENCE REALISTICALLY DOWN, CORRUPT COMMERCE DEPARTMENT CHIMES IN WITH FAKE NUMBERS, USED HOME SALES UP WITH DEFAULTS/ SHORT SALES, JOB LOSSES UP, BETTER THAN EXPECTED MANTRA, GUIDANCE THAT DEFIES REALITY BY A LONG SHOT AS IN LAST COMMISSIONABLE BUBBLE BUST, JOB/COST CUTS TO BONE, ETC

Israel weaponry gets more lethal BETHLEHEM: An Israeli Defense Ministry official said that Israel Air Force (IAF) has purchased a new and advanced JDAM smart bomb with a laser-targeting system that will improve the IAF’s ability to...

`Gunman kills 3, injures 11 at gay club in Tel Aviv...`

israel's notoriously corrupt lieberman says will quit if indicted

Arabs are generous but not foolish

Palestinians evicted as occupiers move in

Israelis want Arabs to leave

Delegation to show Arab solidarity with Bashir

Arrest of NJ Rabbis, Mayors, Lays Bare Global Crime Cabal The case of the New Jersey rabbis who ran a mafia-style syndicate—with a sideline in body parts— is only part of a global criminal conspiracy to traffic in human body parts headquartered in Israel and financed by the Israeli National Health Plan.

Crossings’ closure to hit Palestinians

N-plant in Negev planned by IsraelRAMALLAH: Israel recently asked the United States to assist in the establishment of a nuclear power plant in the southern Negev desert, without signing the Non-Proliferation Treaty as with their nuclear weapons stockpile The report said…How can they complain of Iran...

A REALITY CHECK ON U.S. 'ECONOMIC RECOVERY' Jeff Nielson - U.S. equities are rallying again today, and (as usual) it is a rally with no basis in reality.

‘Israel too weak to start war against Iran’

‘Israel should be serious about peace’

Bribery and fraud at heart of defense contracting work in Iraq and Afghanistan

Afghan war questioned as more bodies flown home

`Figure, a typical corrupt Jersey City political operative and defendant in NJ corruption scandal found dead at home...`

In anti-US rally, israelis slam u.s. as not pro-israel/jew racist enough’

Israeli tanks on rampage in Gaza Strip Settlements defy solution 304,569 occupiers in West Bank now

Hamid Gul: I am being demonized by Jews

Rabbis, Politicians Snared in FBI Sting Washington Post - Keith B. Richburg - ‎NEW YORK, July 23 -- A two-year federal probe into a money laundering operation taking place between the New York area and Israel ballooned into one of the biggest bribery and corruption sweeps in New Jersey history, netting three ... Video: NJ Residents 'Disappointed' in Corruption Probe The Associated Press Video: NJ Residents 'Disappointed' in Corruption Probe The Associated Press Authorities arrest 44 in NJ corruption case Boston Globe Mayors, rabbis arrested in NJ corruption probe Among the 44 people arrested were the mayors of Hoboken, Ridgefield and Secaucus, Jersey City's deputy mayor, and two state assemblymen. A member of the governor's cabinet resigned after agents searched his home, though he was not arrested. All but one of the officeholders are Democrats. Also, five rabbis from New York and New Jersey — two of whom lead congregations in Deal — were accused of laundering millions of dollars, some of it from the sale of counterfeit goods and bankruptcy fraud, authorities said. In rounding up the defendants, FBI and IRS agents raided a synagogue Thursday morning in Deal, a wealthy oceanfront city of Mediterranean-style mansions, with a large population of Jews. Those arrested included Levy Izhak Rosenbaum of Brooklyn, who was charged with conspiring to arrange the sale of an Israeli citizen's kidney for $160,000 for a transplant for the informant's fictitious uncle. Rosenbaum was quoted as saying he had been arranging the sale of kidneys for 10 years. The politicians arrested were not accused of any involvement in the money laundering or the trafficking in human organs and counterfeit handbags. The number of arrests was remarkable even for New Jersey, where more than 130 public officials have pleaded guilty or have been convicted of corruption since 2001…`Dirty Jersey: Feds Bust Dozens in Corruption Scandal...` `...international money-laundering conspiracy` `FBI ARRESTS MAYORS, RABBIS IN NEW JERSEY SWEEP...` `NAMES OF THOSE CHARGED AND CHARGES`

Secret recordings made of the defendants by the feds paint a classic portrait of Jersey-style corruption. In April of this year, as a Hoboken councilman and mayoral candidate, the 32-year-old Cammarano, after meeting with a developer who had promised him a bribe of several thousand dollars, said “I wanna make sure that I, you know, you, you’re my man,” emphasizing that he was a proponent of redevelopment, according to court papers. Later when asked by the “cooperating witness” who interacted with all 44 suspects if his development projects would be sped through the bureaucratic process, Cammarano said, “I promise you… you’re gonna be, you’re gonna be treated like a friend,” according to the court documents. Defendant Michael Schaffer, a Commissioner with the North Hudson Utilities Authority, told the cooperating witness, Cammarano “told me, ‘Michael, the way I operate politics, anybody who helps me, I help them. That’s the way I operate. And if you’re not there the first round, I don’t need ya’ the second round.” Later on May 19, Cammarano allegedly told the witness, "hopefully, we, we, we, you know, we get to the point where I’m sworn in on July 1st, and we’re breaking down the world into three categories at that point. There’s the people who were with us, and that’s you guys. There’s the people who climbed on board in the runoff. They can get in line. . . And then there are the people who were against us the whole way. They get ground . . . They get ground into powder.” Law enforcment officials confirmed later today that the cooperating witness is Solomon Dwek, a real estate developer in Monmouth County, New Jersey, who was charged in 2006, with scheming to defraud PNC Bank out of $50 million. Sources said he will likely receive a greatly reduced sentence for his cooperation in this probe. According to the court papers, it's not quite clear how the international money-laundering scheme is related to corrupt local politics. Two of the Rabbis involved, Mordchai Fish, who served at Congregation Sheves Achim, a synagogue in Brooklyn, and his brother Albert Schwartz, were caught on tape having conversations with the cooperating witness that seemed straight out of a movie script, according to court transcripts: “I had 25 million from [the bank] – 20 million – that schnookie deal. I gave 20 million to [another bank]. I, I took five million. I sent it offshore..” said the witness, who was reputedly also involved in a counterfeit handbag racket, according to the court papers. At least five rabbis have been arrested. "These men of the cloth... hid their criminal activity behind a 'cloak of rectitude,'” said New Jersey's acting United States Attorney Ralph J. Marra Jr.

Scams And Bailouts The Cause of World Depression This Is Where Each of Your 1.421 Trillion Dollars Is Going In 2010 European Court Ruling spells an end to water fluoridation Warships in Suez prepare for Iran attack Iraq’s worst violence since withdrawal Abuse Images ‘Disgust’ Top US Military Chief

Report: Bumbling, bungling, brain-damaged war criminal bush mulled sending troops into Buffalo (AP)

israelis arrest Palestinian civilian/activist

How Israel lobby controls US IN the early 1960s, Sen. William J. Fulbright fought to force the American Zionist Council to register as agents of a foreign government. The council eluded registration by reorganizing as the American...

israel censors/removes Nakba from schoolbooks Dozens wounded in Gaza wedding blast Editorial: Wrong calculations

`DRUDGEREPORT: USATODAYGALLUP: Poll Danger Signs; Obama Tracking Lower Than Carter...`
`Detroit Schools on the Brink, Bankruptcy...`
`WIRE: So what happened to the promises?`

`California counties, cities to fight budget deal...`

Israeli govt to grab more land

Team Twitter: israel’s Internet War

Israel army destroys house inside Gaza: witnesses (AFP)

Goldman Sachs caused the problems in the first place… Who can deny that? Mail Online | The bank’s 29,400 staff — including about 5,500 based in the firm’s plush marbled London headquarters on Fleet Street — are each in line for bonuses averaging £475,000 this year.

`VIEW star Whoopi Goldberg astutely and fearlessly questions moon landing...`Whoopi Goldberg questioned the original moon landing on today's edition of "The View." Goldberg, a co-host, wondered who shot the footage and why the flag was "rippling" if there was no wind.

Obama To Attend North American Union Meeting `Retired general, lieutenant colonel join reservist’s lawsuit over Obama's birth status...` Obama feels the heat, changes the play (Politico) Politico - Finally, we’re starting to see him sweat. “Obama is pure, unadulterated Evil Says Black Pastor” Globalist Think Tank Trots Out Iran Attack Scenario Cost Of Bailout Hits A Whopping $24 Trillion Dollars Now Legal Immunity for Swine Flu Vaccine Makers Sotomayor Would Not Concede a Right to Self-Defense Brit Home Secretary: Swine Flu Greater Threat Than Terrorism Commerce Secretary: Americans ‘Need to Pay’ for Chinese Emissions Goldman Sachs Vice Chairman, CFR Member Picked for State Department Post…How can this be? Why let them screw up more than they already have? They’re fk-ups, vegetables, etc….t**

Globalist Think Tank Trots Out Iran Attack Scenario Kurt Nimmo | War Criminal Nations israel and the dis-united states are ready to typically accept a massive death toll in order to “send a message” to Iran.

`Pakistan wisely objects to expanded American combat operations in Afghanistan... Developing... Bailouts could cost U.S. $23 trillion...`
`FDA CAN'T EVEN FIGURE OUT ITS OWN BUDGET... Drug companies to reap swine-flu billions in latest contrived corporate welfare program; Analysts predict significant boost to sales...`

Afghan blast kills 4 GIs in deadliest month for US (AP)

Kids' lower IQ scores linked to prenatal pollution

David Kelly’s former Iraq aide joins call for inquiry into his murder which was labeled ’suicide’ Brit Home Secretary: Swine Flu Greater Threat Than Terrorism Shocking suicide toll on British combat veterans Independent | Britain faces a “ticking timebomb” of mental illness and suicide among young Army veterans who return from hand-to-hand combat in Afghanistan.

Israel rejects US call to halt Jerusalem project (AP) - AP - Israel on Sunday rejected a U.S. demand to suspend a planned housing project in east Jerusalem, threatening to further complicate an unusually tense standoff with its strongest ally over settleme... Netanyahu defies U.S. on East Jerusalem settlement (Reuters) - Reuters - Prime Minister Benjamin Netanyahu, saying he would not take orders over Israeli settlement in East Jerusalem, rejected on Sunday a U.S. demand to halt plans to build more homes for Jews in t... Israel rejects US demand to halt east Jerusalem project (AFP)

Report: US dollars funding Israeli settlements

Jewish settlers set ablaze olive trees in West Bank (AFP)

Paulson Threatened Great Depression, Food Riots, Martial Law To Get Bailout Bill Passed More information has come to light regarding former Treasury Secretary Henry Paulson’s threats to Congress last fall that martial law would ensue unless they passed the bailout bill.

Israel planned to assassinate Ahmadinejad: Iran Iranian Intelligence Minister Gholam Hossein Mohseni Ejeie said on Friday that Israel had planned to assassinate Mahmoud Ahmadinejad around the time of last month’s presidential election.

Secret us-israeli meeting to focus on Iran Amid reports that israel is preparing to bomb Iran.

Israeli art students show up at interesting times These “art students” are classic intelligence operatives who have appeared before and after major terrorist events (ie., 9/11, etc.)and covert operations conducted by the Mossad.

Max Keiser: Goldman Sachs Are “Scum,” “Financial Terrorists” Max Keiser goes on the offensive during an appearance on France 24 as he slams Goldman Sachs as “scum” and “financial terrorists” who should be thrown in jail.

‘Printing money will lead to serious problems down the road,’ says Jim Rogers Legendary global investor and chairman of Singapore- based Rogers Holdings, Jim Rogers said on Wednesday the US government’s interventionist economic policy verges on communism.

Ron Paul: Opening Statement on Federal Reserve Role and Consumer Protection As Dr. Paul argues in this video, additional regulations will be just another tax on consumers, and until we address the underlying problem of the Federal Reserve System itself, consumers will continue to watch the value of their savings decline.

Socialist America Sinking Obama’s first budget will consume 28 percent of the entire GDP; state and local governments another 15 percent. While there is some overlap, in 2009, government will consume 40 percent of GDP, approaching the peak of World War II.

DRUDGEREPORT: Lobotomy Joe `BIDEN: IT'S WORKING!` What Economy? What Recovery? There’s Nothing Left to Recover Regulators shut banks in Calif., Ga. and SD
`'WE HAVE TO SPEND MONEY TO KEEP FROM GOING BANKRUPT'...`
`WHITE HOUSE ECON ADVISER CLAIMS SUCCESS: FEWER PEOPLE SEARCHING 'ECONOMIC DEPRESSION' ON GOOGLE BECAUSE EXPERIENCING IT FIRST-HAND THEY ALREADY KNOW WHAT ECONOMIC DEPRESSION IS...` What Economy? There’s Nothing Left to Recover There is no economy left to recover. The US manufacturing economy was lost to offshoring and free trade ideology. It was replaced by a mythical “New Economy.”
`HELP WANTED: Dept of Treasury seeks contractors for 'power of humor'...`
`'Have the ability to create cartoons on the spot'...`
`UPDATE: Senator quashes department's bid for cartoonist...`

CRONKITE DIES
`CBO: Federal budget is on unsustainable path...`
`Freshman Dems Oppose Pelosi's Tax Increase...`
`Buchanan: Socialist America sinking...`
`Big Dem cash dump to party moderates on eve of climate vote...`
`House Democrats muzzle GOP on sensitive issues...`

`China Overtakes Japan as World's Second-Biggest Stock Market...`

`Unemployment tops 10 percent in 16 states in June...`
`California state offices shut down on Friday to save cash...`

It's DEAD Bitch: Typical Sick, Psychotic / future serial killer and Cat Killer Taunts Animal Activists... …She was busted last year for using a BB gun to dog-nap a teacup Yorkie with her boyfriend. She was also arrested for robbing a man of his iPod at gunpoint.

Occupiers/jewish terrorists vow to burn down Hebron

Israeli art students show up at interesting times These “art students” are classic intelligence operatives who have appeared before and after major terrorist events and covert operations conducted by the Mossad.

Max Keiser: Goldman Sachs Are “Scum,” “Financial Terrorists” Max Keiser goes on the offensive during an appearance on France 24 as he slams Goldman Sachs as “scum” and “financial terrorists” who should be thrown in jail.

Seymour Hersh stands by Cheney hit squad claim Flashback: Investigative Reporter Seymour Hersh Describes ‘Executive Assassination Ring’ MinnPost | “After 9/11… the Central Intelligence Agency was very deeply involved in domestic activities against people they thought to be enemies of the state.”

CIA death squads ‘copied Mosssad’

Israel soldiers reveal ’shoot first’ policy in Gaza

Gaza abuses revealed by Israeli troops

israel is a very small u.s. welfare state; but it has made itself useful to the Pentagon… Many bloggers appear to greatly over-estimate the wealth and power of tiny little Israel. Israel’s GDP is lower than that of Greece. CIA was aiming to kill Al-Qaeda leaders: Report ZUCKERMAN: The Economy Is Even Worse Than You Think...

Gaza war lacked restraint, some Israeli troops say (Reuters)

Mubarak blames Israel of aborting prisoner swap deal with Hamas

GALLUP: OBAMA APPROVAL DIPS TO NEW LOW... 2 suspected US missile attacks kill 45 civilians in Pakistan... Jury sees videos of Dem congressman accepting cash...

DRUDGEREPORT: China passes USA auto market in first-half sales...
Growing trade partner in Latin America...
US slips, China soars in Fortune company rankings...

If proven, alleged Israeli spying in Lebanon a 'serious violation': UN (AFP)

`Obama wisely states: 'Absolutely' no green light for Israel to attack Iran...`

Brain-damaged/ Lobotomized biden, israel and Iran

Palestinian children protest Gaza blockade Hisham Abu Taha | Arab News GAZA CITY: Hundreds of Palestinian children participated in a rally in the Gaza Strip to protest the blockade imposed by Israel on the territory since 2007. Hamas movement, which controls the... Editorial: Total fabrication8 July 2009 Reports of secret Saudi-Israeli meetings surface from time to time in the international press. Over the past 30 years there have been quite a number of reports and now, it has happened again. The UK’s…Israel and apartheid Neil Berry | Arab News Preoccupied with the paradox of the co-existence of civilized taste and bestial behavior, the literary critic George Steiner has written much about the conduct of Nazi officers who murdered Jews by...

Kingdom denies deal with Israel Not another rash war!

Al-Sadr demands full U.S. withdrawal from Iraq Helen Thomas: Not Even Nixon Tried to Control the Media Like Obama Western Governments Funding Taliban & Al-Qaeda To Kill U.S. Troops, Destabilize Countries Bureaucrats Will Carry Out Mandatory Home Inspections Under Climate Bill The Truth Behind The Iraq “Sovereignty” Propaganda Amnesty details Gaza ‘war crimes’

DRUDGEREPORT`: 'We're in the Middle of a Crash': Black Swan...`

`Congress's Travel Tab Swells... Spending on Taxpayer-Funded Trips Rises Tenfold... From Italy to the Galápagos...`

`NY City Apartment Sales Down Over 50%... American soldier captured in Afghanistan...`
`Marines suffer first casualties in Afghan campaign...`

`Mortgage applications fall to 7-month low...`
`Private sector sheds another 473,000 jobs in June...`
`'Layoffs may be worsening'... Deficit forces California to issue IOUs...`
`States brace for shutdowns...`

· Amnesty says Israel "wantonly" destroyed Gaza (Reuters) - Reuters - Amnesty International said on Thursday Israel inflicted "wanton destruction" in the Gaza Strip in attacks that often targeted Palestinian civilians during an offensive in December and Januar...

· Amnesty accuses Israel, Hamas of Gaza war crimes (AP) - AP - Amnesty International accused Israel and Palestinian militants of war crimes Thursday in the most comprehensive report on the recent Gaza war. Both sides rejected the findings.

· Amnesty accuses Israel of using human shields in Gaza (AFP) - AFP - Amnesty accused Israeli forces on Thursday of war crimes in Gaza, saying they used children as human shields and conducted wanton attacks on civilians, in a report rejected as "unbalanced" by Is...

Israeli Army committed war crimes: Amnesty

Editorial: Gaza war inquiry

Pirates of the Mediterranean Paul Craig Roberts | Israel, of course, will get away with a mere act of piracy. After all, Israel has been getting away with its war crimes and violations of international law for 60 years.

israel used drones to kill Palestinians: HRW Tripartite summit in Egypt Between principle and necessity Israel Kidnaps Cynthia McKinney, Human Rights Workers Israel threatens to shoot international activists The postwar humanitarian crisis in Gaza takes a turn for the worse with the Israeli Navy intercepting a relief ship headed toward the coastal strip.

Reward for occupiers Editorial: The Gaza ghetto Iraq War: Not another whitewash please!

Israeli Prisons: Are Palestinian Children Abused? (Time.com) Time.com - A report castigates Israeli authorities for the treatment of young boys taken into custody for throwing rocks at soldiers -- and a wall

UN rights mission hears of Gaza children's suffering (AFP) AFP - A UN human rights mission listened to testimony about the suffering of children in the Gaza Strip on Monday before wrapping up two days of public hearings into alleged Israeli war crimes.

Israel to build 50 new homes at West Bank settlement ignoring u.s. request despite the same being u.s. money financing same (Reuters)

US, Israel behind Iran vote-rigging rumors: Ejei

Israel told to freeze settlements

Fed Tried to Cover-up Its Involvement in Bank of America-Merrill Deal Reuters | Ben Bernanke and the Federal Reserve made inappropriate threats to fire Bank of America management unless they went ahead with the ’shotgun wedding’ that was the Merrill Lynch acquisition.

…RASMUSSEN REPORTS On a more global scale and with a longer-term view, Rasmussen finds that 49% of voters believe that the best days for the United States are in the past…These data tend to support the idea of under-weighting the US in asset allocation models and over-weighting countries in the ascendant stage…

BofA's Wrist Slap Speaks Volumes About Capital Markets Integrity In the Most Negative Sense (at Seeking Alpha)

France finds no evidence against Iran N program

International Bailout Brings Us Closer to Economic Collapse Ron Paul | From their spending habits, an economic collapse seems to be the goal of Congress and this administration.

Citi boosting salaries to offset lower bonuses, allegedly to retain the clowns who helped make them taxpayer dependant and cause the current debacle; how ‘bout firing them instead and offering opportunity to the new, particularly non-ivy league vegetable garden grads

The Fed's Merrill Secrets (at Forbes.com) Bernanke must convince Congress this Fed didn't hide Merrill's losses from other regulators or Bank of America. The Federal Reserve kept other regulators in the dark about problems with Bank of America's purchase of Merrill Lynch and scrambled to prevent the public disclosure of large losses at Merrill before a scheduled late-January earnings announcement, according to excerpts of e-mails released Wednesday...Lewis contends he became aware of more than $15 billion of losses in mid December, after shareholders signed off on the deal. He called the Fed and Treasury and raised the possibility of walking away from the table using the adverse change clause. As the story now goes, the Fed and Treasury persuaded him not to invoke the clause. This is another issue yet to be determined: Did Lewis betray his shareholders by acquiescing to the wishes of regulators?...

Israel nears deal with US to use u.s. money to buy F-35 fighter jets…and use u.s. money for new settlements

Rights group: Israeli binding practices constitute torture

Tribal Leader Who Revealed Taliban Israeli-U.S. Links Assassinated

israeli police humiliate Palestinians in video (AFP) Mubarak says time is right for Arab-Israeli peace (Reuters) Videos show how Palestinians are humiliated

IT'S ON: W SLAMS O…How can this be? War criminal bush should be in jail (with cheney)…He’s destroyed this country among others and as well, to prove he’s an absolute fool and a boob, destroyed the republican party…Do you recall his push for social security invested in the stock market before the crash…Just imagine the consequences…the bush crime family should be forced into exile!

israel: Road map to nowhere

Iran accuses US of meddling after disputed vote (AP)

Editorial: Another attempt at cover-up

israeli minister’s remarks flayed

Hamas accepts Israel with 1967 borders

Editorial: Shaping new economic order

Typical sick jew teen charged in string of cat killings (AP) … future israeli war criminal or serial killer …Tyler Hayes Weinman, whose divorced parents live in the neighborhoods where many of the cats were killed, was charged Sunday with 19 counts each of animal cruelty and improperly disposing of an animal body. Louis B. Schlesinger, a professor of forensic psychology at John Jay College of Criminal Justice in New York, said cat killings are committed by "psychotic individuals," and are usually solo acts. He said the teenager should be evaluated, and he expected court officials to take the matter seriously. "When you kill cats, disembowel them and cut their heads off, that is not a good sign and you do not have to be Sigmund Freud to see that," he said. …Police said they investigated more than 30 cat deaths since May and were flooded with tips from concerned citizens …Authorities said Weinman was spending his summer doing odd jobs. He was twice arrested as a juvenile, though they said they could not provide details…

US and Israel on collision course: Carter

Editorial: UN team and Gaza probe

Netanayahu draws Arab anger for setting typically unworkable terms

War crimes in Gaza: israel defies UN again

‘Palestinian state only option’

US ship survivors tell Press TV of Israeli attack A deadly Israeli attack on a US ship — an incident largely kept in the dark by Washington — receives new attention with survivors reliving the painful memory.

Poll: Israeli gov’t most corrupt in world

Loud barking, will they bite? Consonant with reality, israel is as they should be in the international doghouse. The Israeli government’s reluctance to progress toward a two-state solution, its demolitions in East Jerusalem, and its continued expansion of Jewish settlements...

Report Ties Dubious Iran Nuclear Docs to Israel Gareth Porter | New evidence that Israeli intelligence was the source of the collection of intelligence documents which have been used to accuse Iran of hiding nuclear weapons research.

Middle East: Time for action American Muslims welcome president's 'tone of peace' Editorial: Now is time for Obama to act

Inevitability owing to their militant/illegal policies leads israel to begin “Doomsday” Drill

Netanyahu says no to settlement freeze

Obama wisely backs Palestinian state Editorial: US, Israel and Palestinians

`Obama calls on Israel to halt settlements...`

Amnesty: Israel repeatedly violated rules of war in Gaza

israel threatening Iran with their illegal ‘nukes’

israeli talks typically false offer useless without Golan: Syria (Reuters)
WHO urges war crimes nation israel to lift Gaza blockade (AFP) WHO urges Israel to lift Gaza blockade

Israeli government too extreme to make peace: Syria's Assad (Reuters)
Sarkozy says Palestinian state vital to Mideast peace (AFP)
Israel to ban Naqba commemoration (AFP)
Netanyahu defies Obama on Israeli settlement freeze (Reuters)

Occupiers can change nationality, says Qorei RAMALLAH: Ahmed Qorei, the head of Palestinian negotiating team with Israel, said that Jewish occupiers could live under Palestinian law and can become Palestinian citizens. “(Former US Secretary...

Amman protests Israeli idea depicting Jordan home for Palestinians

Israel preparing ‘classic’ war because that’s what they do…war

Israel to ignite all-out regional war…Is there anyone who rationally doubts the need to eliminate/exterminate nazionist israel/israelis for the sake of world peace and justice?

israeli talks typically false offer useless without Golan: Syria (Reuters)

WHO urges war crimes nation israel to lift Gaza blockade (AFP)

Two Palestinian activists killed in cold blood by israeli forces near Gaza Strip (AFP)

‘Probe of war crimes goes on without israeli OK’

israeli settlers reject Obama call to halt building so that war crimes may continue…justifying action to eliminate/exterminate nazionist israel/israelis for the sake of world peace and justice…..

israel ready for peace talks for the umteenth time…..riiiiight! : netanayahu

israeli response to u.s. entreaties for mideast peace: israeli warplanes bomb Hamas target, Gaza tunnels (Reuters)
If america is serious and not just as always posturing for the cameras, they certainly have the clout with Israel to force the long overdue peace which is coincidentally in u.s. interest as well as that of the world.
US pushes for halt to Jewish settlements (AFP) US officials press Israeli leader on Mideast peace (AP)

Editorial: Obama should force Israel to act For decades, the chasm between words and deeds has been the root cause of the continued nonexistence of a Palestinian state and the Israelis’ ability to treat international views on the matter with...

‘Iran has hard evidence of Israeli war crimes’ A representative to the Leader says Iran has gathered ‘thousands of documents’ which testify to Israeli atrocities in Palestine.

Panetta: israel knows launching attack against Iran would mean 'big trouble'...

Harman begins to backtrack denials of wiretap story The California Democrat who was allegedly caught on an FBI wiretap promising to aid accused Israeli spies in 2005 has begun walking back her original denials.

Harman and AIPAC: More Evidence of Massive Government Corruption Kurt Nimmo | If the AIPAC operatives are convicted, treason charges against Harman should not be ruled out.

israeli parliament member in letter to Rahm Emanuel: 'Don't forget you're jewish!'...

Wiretap reveals reach of US pro-Israel lobby WASHINGTON: Rep. Jane Harman, the California Democrat with longtime involvement in intelligence issues, was overheard on a National Security Agency (NSA) wiretap telling “a suspected israeli agent”...

netanayahu: No second Holocaust against jews (there are loads of jews in the u.s. and mideast) because there was never a first (the Christ-killers love to play the victim) but the first is now on the table so that there may be peace on earth (AP)

GENEVA – Dozens of Failed Western diplomats walked out of a U.N. conference and a pair of rainbow-wigged protesters threw their fitting clown noses in the air Monday when the truth-speaking leader of Iran called israel the "most cruel and repressive racist regime."…

British racist hypocrits/zionists joined a dramatic diplomatic walkout today when President Ahmadinejad of Iran told the truth in a major UN conference against racism that the racist state of israel had been founded “on the pretext of jewish suffering” during the Second World War. brits are out to lunch (look at England-big brotherly pathetic)! Come on! People may differ regarding the holocaust ( what about Armenians, American Indians, Russians and Poles in WWII, etc.), but clearly israel’s war crimes are ignored and clearly they truly are a brutal and racist regime and illegally have nuclear weapons and are a u.s. funded bully/war criminal nation in the mid-east. When truth is hard to digest

israel in search of ‘anti-heroes’ to bomb Iran

Olmert charged with war crimes

israel: New govt and old policies

Steering Israel to peace by reality of peace or action to eliminate/exterminate nazionist israel/israelis for the sake of world peace and justice.

Freedom and its absence in Lebanon and the USA
The Lebanese elections are due to be held shortly, and emotions are high by many Lebanese who see great stake in who wins and looses
Regional, Analysis, 6/1/2009

Maharat Foundation launches report on the status of freedom of speech and
The journalists were critical of their work circumstances and complained about the lack of freedom in their institutions
Lebanon, Politics, 6/1/2009

Obama seeks enhanced engagement with the Middle East
Obama begins his trip June 3 in Riyadh, Saudi Arabia, for consultations with King Abdullah on issues including the Middle East peace process, energy and terrorism
Regional-USA, Politics, 6/1/2009

Writer and journalist Kilo released in Syria
Reporters Without Borders spoke of the writer and journalist Michel Kilo's being released at 11 p.m. (local time) on 19 May 2009 from the Damascus headquarters of the intelligence services, where he had been held and interrogated for the previous five days.
Syria, Politics, 6/1/2009

Previously abducted Egyptian blogger harassed by police
The Arabic Network for Human Rights Information (ANHRI) spoke of the threats by State Security agents to blogger Dia Eddin Gad, owner of the blog "Angry voice"
Egypt, Politics, 6/1/2009

Harassment of pro-Hamas journalists by West Bank security
harassment of pro-Hamas journalists by West Bank security services, in particular the arrests of Al-Aqsa TV cameraman Oussid Amarena and "Filasteen" bureau chief Mustapha Sabri in the past 11 days
Palestine, Politics, 6/1/2009

Israel stunned at US firmness on freezing settlements
"Tensions between the USA and Israel are growing after the US administration's demand that Israel completely freeze construction in all Jewish colonies in the West Bank," Haaretz Israeli daily said, Sunday.
Palestine-Israel-USA, Politics, 6/1/2009

Iran views on Lebanon elections and US policy
Iran's Minister of Foreign affairs said today "we have waited till today, and are still patiently waiting to see new US government's practical steps (in right direction)."
Lebanon-Iran-USA, Politics, 6/1/2009

Blair questioned on work as Middle East envoy
The committee warned that the projects must facilitate the creation of a viable contiguous Palestinian state, while criticizing the continuing expansion of illegal Israeli settlement. The Quartet was also criticized for not pressing Israel to ease its inhuman siege of Gaza.
Palestine-Israel-UK, Politics, 6/1/2009

Sarkozy : Palestinian state is a 'legitimate right'
Sarkozy told the official UAE's news agency WAM, 'no one would think seriously about peace in the Middle East without giving the Palestinians a state they have been persevering for years. It is their legitimate right.'
Palestine-Israel-France, Politics, 6/1/2009

News from around the web:

9-1-09

Goldman Sachs Wrong on Economic Recovery, Macro Hedge Funds Say The Coming Deposit Insurance Bailout Russian Professor: Collapse Of America Could Begin In Two Months The $531 Trillion Dollar Derivatives Time Bomb Dollar Is Funny Money in Push for World Currency: Kevin Hassett

Paul Tudor Jones, the billionaire hedge-fund manager who outperformed peers last year, is wagering that Goldman Sachs Group Inc. and Morgan Stanley got it wrong in declaring the start of an economic recovery.

Wall Street Journal | The Federal Deposit Insurance Corp. reported late last week that the fund that insures some $4.5 trillion in U.S. bank deposits fell to $10.4 billion at the end of June, as the list of failing banks continues to grow.

8-31-09

Insiders Selling Stocks at Highest Level Since May 2008 Commercial Real Estate Next Mortgage Crisis Federal Reserve made $14 billion on turmoil loans Latest Government Boondoggle: Cash for Dishwashers Banks' struggles have worsened... Lehman claims could reach $100 billion: PwC [$$] Raft of Deals for Failed Banks Puts U.S. on Hook for Billions (at The Wall Street Journal Online) Bonds, stocks rally unlikely to continue for long Long-Term Economic Growth Prospects Remain Subpar

Security Goon Crushes Free Speech: ‘This Ain’t America No More’ ‘The Joker’ is back, this time in Longview Rasmussen: Obama Approval Rating Falls To New Low Overall, 46% of voters say they at least somewhat approve of the President’s performance. That’s the lowest level of total approval yet measured for Obama. Fifty-three percent (53%) now disapprove. Eighty-one percent (81%) of Democrats approve while 83% of Republicans disapprove. As for those not affiliated with either major party, 66% disapprove. See other recent demographic highlights from the tracking polls.

8-28-09

Roubini: “When Governments Reach the Point Where They Are Borrowing to Pay the Interest on Their Borrowing They Are … Running a Ponzi Scheme” Economic Collapse: Bank Runs, China, Peter Schiff, Gerald Celente, Max Keiser Three more banks fail; 2009 total hits 84 The Federal Reserve: Instigating Crisis Since 1913

Roubini: “When Governments Reach the Point Where They Are Borrowing to Pay the Interest on Their Borrowing They Are … Running a Ponzi Scheme” The interest charge alone on that increased debt will be in the region of $300 billion to $400 billion a year.

Meltdown 101: Why banks' struggles have worsened The Associated Press - Marcy Gordon - ‎WASHINGTON - Despite signs of an improving economy, the nation's banks are still struggling - in fact, the pace of bank failures has accelerated.

Bill would give president emergency control of Internet Forced vaccinations, quarantine camps, health care interrogations and mandatory “decontaminations” Mike Adams | The United States of America is devolving into medical fascism. Fox News Poll: Majority Think Swine Flu Vaccine Deadlier Than Virus Dictator, communist, and walking dead man Castro, ‘the opposition killer/jailer’, Calls Obama Opposition Racist…riiight mr. totalitarian communist, anything you say Sheehan returns to rebuke Obama 'US not living up to wobama message' ABC Hypocrisy Over Ad Critical Of Nationalized Healthcare China, ‘the paper tiger’: US should end naval patrol in China sea

8-27-09

The Great Depression and Today - Sobering Parallels Abound Goldman "Trading Huddles" Expose Fiction of Level Playing Field 1,000 Banks to Fail In Next Two Years U.S. problem bank list hits 416, insurance fund falls Racketeering 101: Bailed Out Banks Threaten Systemic Collapse If Fed Discloses Information [$$] FDIC Insurance Fund Shrinks to $10.4 Billion (at The Wall Street Journal Online) Japan's unemployment rate hits record high in July Real US unemployment rate at 16 pct: Fed official 1,000 Banks to Fail In Next Two Years: Bank CEO Green Shoots is Greater Depression? Relief Rallies Are Never Made To Last Since March we have watched a stock market rally borne by low volume and short covering. The gains are reminiscent of the rallies of 1930 and 1932.

MySpace Denies Removing Obama Joker Images Pentagon caught lying about profiling journalists CINDY SHEEHAN TAKES TO MARTHA'S VINEYARD TO PROTEST OBAMA'S WAR...

DRUDGEREPORT: '1,000 BANKS TO FAIL'

CINDY SHEEHAN TAKES TO MARTHA'S VINEYARD TO PROTEST OBAMA'S WAR... BRIT PAPERS SOUND ALARM ON AFGHAN WAR... July, August deadliest months for US... SENATOR: 'We're almost reaching a revolution in this country'...
Obama Predicts Unemployment, Deficits Far Worse Than Previously Stated...
Grim... Official: Real unemployment rate at 16%...
Rhode Island to shut down gov't for 12 days...
FT: Deficit fears put Obama's reforms in jeopardy...
WSJ: Dollar Steadily Losing Influence...

Vegas jobless rate hits all-time high of 13.1%...
California at record 11.9%...
NYC 9.6%...

PEW: Democratic Party ratings plummet... What rebound? Foreclosures rise, income down...

8-26-09

"Artificially Sweetened" Market Could Face "Seismic Readjustment," Harrison Says Official: Real unemployment rate at 16%... Toyota Will Cut Domestic Production as Sales Plummet Charts: Gold to Hit $1,040 ‘Very Quickly’; S&P to Weaken

8-25-09

Judge Orders Fed To Disclose Who Received Bailout Trillions Zero Hedge Claims that the Federal Reserve ITSELF Traded Over a Trillion Dollars Worth of Derivatives in March Alone Geithner: Auditing the Fed is a “line that we don’t want to cross” The Federal Reserve Must Die “True Deleveraging Has Not Begun Yet Because Losses of Financial Institutions Have Been Socialized” Obama Predicts Unemployment, Deficits Far Worse Than Previously Stated... Grim... FT: Deficit fears put Obama's agenda in jeopardy... WSJ: Dollar Steadily Losing Influence... Senator warns of hyperinflation...

“True Deleveraging Has Not Begun Yet Because Losses of Financial Institutions Have Been Socialized” Washington’s Blog | “This is a crisis of solvency, not just liquidity, but true deleveraging has not begun yet because the losses of financial institutions have been socialized and put on government balance sheets.”

Fall Of The Republic Exposes How Brand Obama Is Destroying America Every Obama Critic Called a Racist Obama Depicted as Zombie in Comic Book

Evidence Reveals Libyan Convicted of Lockerbie Bombing Innocent Kurt Nimmo | Corporate media in U.S. ignores story that Abdelbaset al-Megrahi is innocent.

Alex Jones website blocked under filter for ‘criminal skills’ content Aaron Dykes | Was panicked controversy over the ‘Obama-as-Joker’ Poster the reason the website JonesReport.com was restricted for ‘promoting criminal skills’?

Scientists Debunk UN “Global Warming”

DRUDGEREPORT: Obama Predicts Unemployment, Deficits Far Worse Than Previously Stated...
Grim...
Rhode Island to shut down gov't for 12 days...
FT: Deficit fears put Obama's reforms in jeopardy...
WSJ: Dollar Steadily Losing Influence...

Vegas jobless rate hits all-time high of 13.1%...
California at record 11.9%...
NYC 9.6%...

PEW: Democratic Party ratings plummet... What rebound? Foreclosures rise, income down...

8-24-09

Brookings “Experts” Admit Stimulus a Bust Analyst warns of 150-200 more U.S. bank failures Government Revises Deficit Estimates Again: We Will Exceed Expectations Manufacturing Jobs Drop To Lowest Level Since 1941 What rebound? Foreclosures rise as jobs and income drop Fed to Steal State Pension Funds IMF Says You’ll Have to Pay More Taxes The risk of continuing depression rising

Unemployment Edges Up to Great Depression Level Kurt Nimmo | A dizzy corporate media tells us there is now light at the end of the tunnel.

H.R. 645 and The FEMA Concentration Camps Byron Tripp | Ladies and Gentlemen, there is a plan that is in place to be executed by the Federals to lock down the cities and towns across our land and to begin gun confiscation.

Gun Propaganda and the Health Care Reform Illusion Szandor Blestman | I really don’t believe that any of this theater is about health care. It seems to me that it’s about control. It’s about power.

Congressman: Obama violating law by not investigating Bush officials Lynching of Cynthia McKinney urged by ‘journalist’ trained and paid by FBI Iranians Seek Out the Many Abuses By U.S.

Hurricane Wave Pulls 20 to Sea in Maine...
SWEPT AWAY...

8-21-09

AP sources: $2 trillion higher deficit projected (AP) Failed banks mount; Ga, Ala, and large Texas banks shut Learn to Love the Depression 3 Reasons to Sell Citigroup Today (at Motley Fool) Oil surges to 10-month high Stiglitz Sees Risk to Dollar, Need for Reserve System The dollar’s role as a good store of value is “questionable” and the currency has a high degree of risk, said Nobel Prize-winning economist Joseph Stiglitz.

Learn to Love the Depression A V-shaped recovery? A W-shaped recovery? Forget it…there ain’t no letter in the alphabet that describes a “recovery” we’re likely to have.

Bush As The Joker – Acceptable, Obama As The Joker – Offensive/Violent Blackwater role in hit squad unconstitutional: expert

AP SOURCES: $2 TRILLION HIGHER DEFICIT PROJECTED By Jim Kuhnhenn and Andrew Taylor, Associate Press Writer On Friday August 21, 2009, 6:48 pm EDT WASHINGTON (AP) -- The Obama administration expects the federal deficit over the next decade to be $2 trillion bigger than previously estimated, White House officials said Friday, a setback for a president already facing a Congress and public wary over spending. The new projection, to be announced on Tuesday, is for a cumulative 2010-2019 deficit of $9 trillion instead of the $7 trillion previously estimated. The new figure reflects slumping revenues from a worse economic picture than was expected earlier this year. The officials spoke only on the condition of anonymity ahead of next week's announcement. Ten-year forecasts are volatile figures subject to change over time. But the higher number will likely create political difficulties for President Barack Obama in Congress and could create anxiety with foreign buyers of U.S. debt.

“You know I think if you talk to most economists they're going to say that, "well the Fed doesn't really need it." Most economists are saying, "Well we're going to get at least 3% growth, recovery is here, everything's fantastic." I'm looking at rising foreclosures, house prices are down. And even if house prices level out here they're not rising, which means homeowners' balance sheets aren't improving. The other part of consumers' balance sheet is their 401Ks and their stock portfolios. I'm not particularly bullish on stocks because the earnings, the companies that beat earnings and the latest earnings season did it by cutting down expenses. Not a positive development. Actually if you're a restaurant and you turn out all the lights and shut off the oven, you can cut your expenses to zero. The problem is that you're now out of business. So the fact that companies are meeting very, very low expectations from analysts by cutting expenses is not a positive development.”

Toll of failed banks mounts as many small banks fall; regulators close banks in Ga, Ala. WASHINGTON (AP) -- The toll of failed banks is mounting, with 80 institutions closed by regulators so far this year (more than double all of 2008)… The latest came Friday with the seizures of two small banks in Georgia and one in Alabama: ebank, located in Atlanta, with $143 million in assets and $130 million in deposits; First Coweta, based in Newnan, Ga., with $167 million in assets and $155 million in deposits; and CapitalSouth Bank, based in Birmingham, Ala., with $617 million in assets and $546 million in deposits. The Federal Deposit Insurance Corp. was appointed receiver of the failed banks, and approved the sale of some or all of their assets and deposits to other institutions. In contrast to the big bank failures early in the financial crisis, many of the recently shuttered banks were undone not by exotic mortgage products but by garden-variety loans…

Vegas jobless rate hits all-time high of 13.1%...
California at record 11.9%...
NYC 9.6%...