Woe to americans who Are All Prisoners Now All Americans are now imprisoned in a world of lies and deception created by the Bush Regime and the two complicit parties of Congress, by federal judges too corrupt, timid or ignorant to recognize a rogue regime running roughshod over the Constitution, by a bought-and-paid-for media that serves as propagandists for a regime of war criminals, and by a gutless, ignorant public who have forsaken their self-respect.

Benazir Assassinated

CHEER: Ambrose Evans-Pritchard: Bank Crisis may make '29 look 'walk in park'...

Alexander Tytler: "The average age of the world's greatest civilizations has been two hundred years JonesReport.com | 12-4-07
"The average age of the world's greatest civilizations has been two
hundred years. These nations have progressed through this sequence: from
bondage to spiritual faith; from spiritual faith to great courage; from
courage to liberty; from liberty to abundance; from abundance to
selfishness; from selfishness to complacency; from complacency to
apathy; from apathy to dependence; from dependency back again into
bondage."-- Alexander Tytler

FDR: "They who seek to establish systems of government based on the regimentation of all human beings by a handful of individual rulers... call this a New Order. It is not new and it is not order."

Andrew Jackson: "There are no necessary evils in government. Its evils exist only in its abuses."

Congressman McFadden (1934) on the Fed: "This evil institution has impoverished and ruined the people of these United States, has bankrupted itself, and has practically bankrupted our Government."

AP: TOP 10 NEWS STORIES '07...

Former CIA Interrogator: We Carried Out Torture Because The White House Told Us To

Fire out at building next to White House

Kucinich's brother found dead

FBI agent threatened to arrest CIA interrogators in 2002.

Countdown: Bushed! Countdown's list of the top three Bush scandals you may have forgotten about because of all of the new Bush scandals. This week's scandals: Habeas Corpus-Gate, Air-Gate and NIE-Gate.

Bush administration: Back off says war criminal and strategist dumbya bush on CIA tape probe CNN

HUCKABEE SLAMS 'ARROGANT' BUSH WHITE HOUSE

Romney Proves to All He is Not as Smart as he appears to be by Hitting Huckabee for Appropriately Criticizing War Criminal Dumbya bush for the debacle in Iraq (, etc.,) Which Is the Greatest Foreign Policy Blunder in america’s short-lived history (while concomitantly destroying the republican party, etc.) - tush tush, bush bush Washington Post

Bill Clinton Says He Wasn’t Ready for White House When He Squandered the Cold War Victory and Consequent Peace Dividend and that by resisting the bushit team Obama isn't Ready For White House which is ridiculous based upon the substantial damage the bush-clinton-bush corrupt regimes have caused the nation and the world...

Bush-Clinton-Bush-Clinton : Two Families, Three Decades In The White House, The Very Best Of Times For Them and the Worst of Times and Decline For america are (and this should be the wake-up call) best Friends

WYOMING DEM CHIEF: CLINTON WOULD HURT PARTY...

LA's gangland culture spreading chaos, violence into America's heartland...

AT&T engineer says Bush Administration sought to implement domestic spying within two weeks of taking office

Dodd ready to mount filibuster to block telecom immunity

The End of America

Naomi Wolf - "There hasen't been a real investigation of 9/11."

Lee Hamilton Says the CIA Obstructed the 9/11 Commission

CIA Failed To Fully Inform Congress About Destroyed Tapes CBS News

More Evidence of Obstruction of Justice in 9/11 Investigation

Neocons Revise WMD Entry on Wikipedia Propaganda Portal

Pelosi and Harman Aided and Abetted 9/11 Cover Up

The White House and Congress Knew about the CIA Interrogation Videotapes

USATODAYGALLUP POLL: Approval of Congress sinks to new low...

9/11 Victims' Lawyers Blast Ground Zero Toxic Air Lies In Court

Bush Authorizes Full Access to U.S. Roads for Even More Mexico-Based NAFTA Trucks

What is the CFR?: The Bush Clinton Bush Clinton Administration

Olbermann: Bush is a BOLD faced LIAR about NIE/Iran

Russia's well-founded and rational deep suspicion of (particularly criminal america) the West

Hillary Campaign Tactic Backfires as Top Aide Quits

REPORT: FBI Videotape shows Sharpton cutting a deal...

Victim: Gang-Rape Cover-Up by U.S., Halliburton/KBR

Greenspan sees early signs of U.S. stagflation

Poland does not need U.S. missile defense base - ex-PM

Iran Is No Threat and That’s Official “They stole our threat” goes a headline in the Israeli daily Haaretz. The author is, of course, referring to the recently published US National Intelligence Estimate (NIE) composed by 16 American intelligence.....

Gov't official: No 'smoking gun' on Iran

Egypt Govt Accuses Israel of Meddling in Its Ties With US

Paul: Israel Demanding U.S. Further Its Self-destructive Pro-israel Mode and Invade Iran

Russia warns of US missile shield retaliation

PA Economy Worst Affected by Israeli Restrictions: WB

Israeli Airstrikes in Gaza Kill 7

NASA 'on target for return to the moon for the first time by 2020'…..riiiiight!.....UFOetry: We Never Went To The Moon - The Award-Winning Documentary/Music/Video by John Lee
'The Mother of All Frauds'

History Channel Admits WTC Tower Fell At Freefall Speed

FBI Now Admits Evidence Used to Connect Oswald to Kennedy Assasination Was Bogus

Food prices rising at highest rate for 14 years

Taj Mahal Won't Accept bushit american Dollars as India Laments Lost Value

THE HILL: Dems Cave On Spending...

China's Yuan at new high vs dollar...

YEAR-ENDER: Home Sales Plunge, Feed Recession Fears...

To Understand Business/Economics for the Coming Year The New Year Starts Here (scroll down for current date)

(1-7-08) With sloth-like reflexes and speed the lazy, fallible frauds on wall street now recognize, yes we’re already in a recession. Forget Bulls/Bears. Their new mascot:
The Prehistoric Sloth. Sloths all, the lunatic/frauds on wall street are slothish on america.

Recession in the US 'has arrived': Merrill Lynch

Morgan Stanley issues full US recession alert Ambrose Evans-Pritchard
Tuesday December 11, 2007 Morgan Stanley has issued a full recession alert for the US economy, warning of a sharp slowdown in business investment and a "perfect storm" for consumers as the housing slump spreads. In a report "Recession Coming" released today, the bank's US team said the credit crunch had started to inflict serious damage on US companies…..

Reuters House prices seen falling 30 pct 12- 6-07 By Julie Haviv NEW YORK (Reuters) - Housing markets from Punta Gorda, Florida, to Stockton, California, will crash and suffer price drops of more than 30 percent before the housing crisis is over, a report from Moody's Economy.com said on Thursday. On a national level, the housing market recession will continue through early 2009, said the report, co-authored by Mark Zandi, chief economist, and Celia Chen, director of housing economics. The report paints a worsening picture of the hard-hit housing sector, which is in the midst of its worst downturn since World War II. While activity will stabilize in 2009, it will not be until 2010 before a measurable improvement in sales, construction and pricing will emerge, the report said…..

Earnings Recession Has Arrived U.S. corporate profits are in a recession, and the entire economy can not be far behind. Slower sales and higher energy and labor costs are forcing companies from Bear Stearns Cos. to Pitney Bowes Inc. to reduce spending and hiring. Their efforts to keep earnings from eroding even further raise the risk that the economy, already weakened by the steepest housing slide since 1991, may shrink sometime next year. ‘The earnings recession has already arrived, says David Rosenberg, North America economist for Merrill Lynch & Co. in New York. We are going to see an economic recession in '08.…..’

BANK OF AMERICA Sees Bigger Writedowns (12-12-07).....

MORGAN STANLEY first loss ever; taps China for $5 Billion...

PAPER: Housing foreclosures largest since Great Depression...

Home Prices Fall for 10th Straight Month

Oil price spikes close to $97...

CITIGROUP and MERRILL face bigger writeoffs/dividend cuts, etc.....

CHEER: Ambrose Evans-Pritchard: Bank Crisis may make '29 look 'walk in park'...As central banks continue to splash their cash over the system, so far to little effect, Ambrose Evans-Pritchard argues things are rapidly spiralling out of their control Twenty billion dollars here, $20bn there, and a lush half-trillion from the European Central Bank at give-away rates for Christmas. Buckets of liquidity are being splashed over the North Atlantic banking system, so far with meagre or fleeting effects. "Liquidity doesn't do anything in this situation," says Anna Schwartz, the doyenne of US monetarism and life-time student (with Milton Friedman) of the Great Depression."It cannot deal with ….. that lots of firms are going bankrupt. The banks and the hedge funds have not fully acknowledged who is in trouble. That is the critical issue," she adds…..

NEWS FLASH: Direct from Lost Angeles Learning Annex – Presenting mobster t_rump of new yoke, new joyzey, and now caleefornia mob fame with his continuing message for the past several years: buy real estate (and watch the values go down…..riiiiight!).
Bank sues Trump over Chicago tower loan...
Trump casino to miss interest payment...

trump’s fired

Gunfire Erupts Inside trump Taj Mahal Casino, 1 Dead - Second Such Incident In A Year At N.J. Mainstay Ends With Employee Killed – What else would you you expect from a mobster’s casino in mob-infested jersey!

(11-23-09) Dow 10,451 +133 To stamp out fraud, no change from suckers’ rally worth reporting for second, third, fourth weeks of March and April -436 for the first week of March -12% for the month of February -8.8% (-775) for the month of January -1% for fourth week of January -2.5% for third week of January -4% for second week of January -5% for first full week of January -34% for the year -1% for the fourth week of December No change worth reporting for second and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October Nasdaq 2176 +30 To stamp out fraud, no change from suckers’ rally worth reporting for second, third, fourth weeks of March and April -84 for the first week of March -7% for the month of February -6.4% (-101) for the month of January -1% for fourth week of January -3.3% for third week of January -3% for second week of January -4% for first full week of January -41% for the year -2% for the fourth week of December No change worth reporting for second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October S&P 500 1,106 +14 To stamp out fraud, no change from suckers’ rally worth reporting for second, third, fourth weeks of March and April -52 for the first week of March -11% for the month of February -8.6% (-75) for the month of January -1% for fourth week of January -2.3% for third week of January - 5% for second week of January -4% for first full week of January -39% for the year -2% for the fourth week of December No change worth reporting for second and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $77.56 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $2.76 (reg. gas in LAND OF FRUITS AND NUTS $3.00 REG./ $3.26 MID-GRADE/ $3.35 PREM./ $3.05 DIESEL)/ GOLD $1,165 (New Record) [video] Gold Surges Stocks/Gold Comparison (+5.58% for year 2008) / SILVER $18.61 PLATINUM $1,468 / DOLLAR= .66 EURO, 88 YEN, .59 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.35% …..… AP Business Highlights … ...Yahoo Market Update... ] YAHOO - BRIEFING.COM Weekly Recap Trendsresearch.com forecast for 2009 . ‘WORST ECONOMIC COLLAPSE EVER’ Must Read Economic/Financial Data This Depression is just beginning The Next Wave of Collapse is Coming Sooner than you think ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME [Roubini: 'The worst is yet to come'... Top Eurobank prepares for 'global economic collapse'... Used home sales up (from record foreclosures…daaah! rallying stocks…riiiiight!)] WITH NEW BUBBLE IN THIS PREPOSTEROUS AND FRAUDULENT ENVIRONMENT WITH CONTINUED SUCKERS’ COMPUTER PROGRAMMED /SHORT-COVERING /BEAR MARKET RALLY (ON TRADE DEFICIT UNEXPECTEDLY UP MORE, CONSUMER CONFIDENCE UNEXPECTEDLY DOWN MORE, DYING DOLLAR, MUCH WORSE THAN EXPECTED 10.2% UNEMPLOYMENT RATE, EVEN MORE FAKE GOVERNMENT REPORTS, NEW RECORD DEFICIT 1.42 TRILLION, HIGHER OIL PRICES, EVER MORE WORTHLESS DOLLAR, CRASH IN COMMERCIAL REAL ESTATE, INCOME/CONFIDENCE DOWN, B.S. SERVICE SECTOR MEANINGLESS REPORT, LOTS OF FORECLOSURE SALES) BASED ON FAKE DATA [WATCH FOR CORRUPT GOV’T, IE., COMMERCE DEPT (GDP +3.5% BEATS ESTIMATES-HAS BEEN PREVIOUSLY DISCOUNTED MANY TIMES OVER), ETC., FALSE REPORTS TO FROTH MARKET], BAD DATA (JOB LOSSES UP, BANKRUPTCIES UP 41%, CAR SALES / MANUFACTURING DOWN, ETC.), BULL S**T (IE., MERGER MANTRA-LIKE CHURN AND EARN COMMISSIONS GREAT FOR WALL STREET FEES BUT BAD FOR EVERYONE ELSE ESPECIALLY SINCE LEADING INDICATORS WITH B.S. STOCK COMPONENT THE ULTIMATE BOOTSTRAP, MORE WORTHLESS WEIMAR DOLLAR, ETC.), BETTER THAN EXPECTATIONS MANTRA (Paul B. Farrell: America's soul is lost and collapse is inevitable Recession Will Be ‘Full-Blown Depression’:(10-17-09) Strategist/Analyst The History of the Future: Trends 2012 Autumn 2012, the “Greatest Depression” has spread worldwide … 5 DISTURBING FACTS FOR BULLS David Weidner's Writing on the Wall: Taking the inside path to new bubble and fraudulent gains wall street frauds as before they tout multinational currency translation for window dressing but quality of earnings and prospective growth and stability in doubt and already discounted and substantially overvalued s Another Financial Bubble Comes Into View Oil price hits new high for 2009 Gold at $2,000 Becomes Inflation-Adjusted Bullseye for ‘80 High ) [We Are in Deep Trouble: We are Going to See New Lows in The Markets The Recession Is Far from Over Portfolio Manager Says Dow Will Fall To 6,300 By Year End Classic Market Bubble October ‘Crash’ Still on the Way: CEO Max Keiser On JPMorgan, Goldman Sachs Et Al’s Fraud Goldman Sachs Operative Hired as SEC Unit COO October: High Risk for Bulls …The big, smart traders will use any buying from the public to sell into. After all, the stock market has rallied on fumes, hopes and expectations. It will be the typical case of "selling on the news."… U.S. Stock Markets Disconnected from Reality U.S. Foreclosure Filings Jump 23% to Record in Third Quarter 1929 And Today - Sobering Parallels Abound Dollar loses reserve status to yen & euro Dollar drops to 14-month low; commodities rise Rothschild Biographer: Dollar Will Suffer Long, Protracted Death Major U.S. banks and securities firms on route to award record pay in '09, despite the damage they caused from their yet unprosecuted fraud and the change back to old FASB fraud facilitator ‘mark to anything they want’ accounting: report Jim Rogers “Quite Sure” Gold Will Hit $2000, Dollar Will Lose Reserve Status Goldman Sachs 2009 bonuses to double 2008’s; $23 billion could send 460,000 to Harvard, buy insurance for 1.7 million families A second Great Depression is still probable Financial Times Gold Jumps to Record as Inflation/Worthless Dollar Outlook Fuels Investor Demand Robert Fisk on the Gulf ‘Ditching the Dollar’ AlJazeera | Report suggests a move to the Japanese Yen, Chinese Yuan, and the Euro. The 'Buy Anything' Market It's the "buy anything market" brought to you courtesy of the destruction of your currency… Defaults on Credit Cards Climbed to Record 11.49%... It Is Going To Be A Rocky Road Chuck Baldwin | America is on the verge of total financial collapse. The Economy is a Lie, too Paul Craig Roberts | The worst part of the decline is yet to come. BULLISH STANCE IS WEARING THIN WAY TOO MUCH RISK IN THE EQUITY MARKET Mark Hulbert (9-22-09): Corporate insiders selling at faster pace The stock market rally is just another bubble — and it’s set to pop Marc Faber Says U.S. Government Will Fail in 5 to 10 Years Push For New Global Currency At G20 HSBC bids farewell to dollar supremacy US To Face ‘Armageddon’: China, Japan Can’t Keep Buying Worthless Debt Senator Sanders: “Don’t Believe Anybody Who’s Telling You ‘The Recession is Over’ ” FDIC May Tap Fed Treasury Funds State Unemployment Keeps Rising; Three Hit Record Highs John Browne…And the markets just don't get it. Technically, S&P profits are down some 90 percent, but the Index has risen to push P/E ratios to levels not seen since 1929. Bernanke Says Recession Over. Should You Believe Him? Barry Ritholtz | Based on his track record as a forecaster and his acumen in identifying economic problems before they exploded, his views on starts and finishes of recessions are, to be blunt, irrelevant. Entering the Greatest Depression in History Andrew Gavin Marshall | The economic crisis is anything but over, the “solutions” have been akin to putting a band-aid on an amputated arm. Roubini Sees Stock Declines as Soros Warns on Economy Expect Economic Stagnancy, If Not Worse, for Years to Come Obama referred to Friday's jobs data, a loss of 263,000 jobs (roughly 100,000 more than economists expected) as sobering. Well, I agree, but to say it was unexpected is to buy into those that thinks we are in recovery phase. To me we are in the lull before the storm. By the way, of over 80 economists surveyed, none, not one, predicted the number to be as high as 263,000. That reality is sobering. But if you really want something sobering, I suggest the following link. As the author points out, if you are expecting consumers to start spending more money for an economic rebound then you are sadly mistaken. They are already spending at very high (record) levels in terms of a percentage of personal income and as a percentage of GDP. And even that is not really lifting us out of this recession absent government support. Even though consumers are pretty much spending as much as they can, the economy is still struggling. So I don't expect things to improve from here. And as this piece points out, we are in for a world of hurt due to the size of the private debt that has built up. Charts Predict Downside for the Markets Shorting the Double Dip The double dip has begun… The reported unemployment number is 9.8%; real unemployment is 20% if you include those who have stopped looking and part time workers wanting to work full time. And the labor force participation rate is at a 23 year low... The Recovery That Isn’t Peter Schiff | Americans are once again taking the government’s bait by spending money they don’t have to buy things they can’t afford. Dangers, Failures, Diversions and Shortfalls Bob Chapman | Yes, too big to fail is still in vogue, just as it was in the 1930s. The Real Reason the Giant, Insolvent Banks Aren’t Being Broken Up US Lost Credibility by Saying Banks Were Healthy, Audit Says World Bank and IMF join global attack on the dollar Larry Edelson | Washington has no choice but to devalue the dollar — and how global leaders and even the United Nations have joined the attack on the greenback by demanding it be replaced as the world’s reserve currency. US economic decline forges new world order Agence France-Presse | “The American engine is not as strong as it was before,” IMF managing director Dominique Strauss-Kahn said in a speech. Expert on Structured Finance and Derivatives Gives the Big Picture Wall Street disguised these toxic “investments” with new value-destroying securitizations and derivatives. Meanwhile, collapsing mortgage lenders paid high dividends to shareholders (old investors) and interest on credit lines to Wall Street (old investors) with money raised from new investors in doomed securities. New money allowed Wall Street to temporarily hide losses and pay enormous bonuses. This is a classic Ponzi scheme… 300 Members of The House Support Audit the Fed Roubini: Stocks, Commodities Have Risen 'Too Much, Too Soon, Too Fast'... TARP Boss Plays Soft Ball with the Banksters Kurt Nimmo | The “gigantic train of crime” is rolling again and it will be far worse than it was in 1929 and the 1930s. Study: Bernanke, Paulson misled public on bailouts Euro Banks May Have to Raise $78 Billion: JP Morgan U.S. Suffering Permanent Destruction of Jobs HSBC Chief Warns of Second Downturn: Report Unemployment to Rise Through Most of 2010: Roubini Key Reversals on September 23 Started the Return of the Bear Central Banks Continue to Reduce Their Share of Dollar Reserves IMF Growth Forecast: Cause for Concern, Not Optimism In a climate where economic planners and market participants are desperate Market Rally Exaggerates Reality Plunging Pensions: Taxpayers Below Some Scary Implications of US Debt Stiglitz Says Banking Problems Are Now Bigger Than Pre-Lehman “Everything the US has done since the crisis is wrong” – economist US credit shrinks at Great Depression rate prompting reality of double-dip recession Ron Paul: Federal government ‘one giant toxic asset’ Bankster Bailout Did Nothing to Solve Problem, Crisis Now Worse 16 Reasons for Equities Markets to Fall Soon WHY THE BULLS ARE SKATING ON THIN ICE Treasury: Millions more foreclosures coming Forbes Reports the Dollar Has Collapsed PAPER: AMERICA 'FACES ARGENTINA-STYLE FALL'... Forbes Reports the Dollar Has Collapsed Predicting Worse Ahead from America’s Economic Crisis 3 more bank failures bring 2009 total to 92 WHITE HOUSE ECON ADVISER: HIGH UNEMPLOYMENT FOR YEARS TO COME... The Coming Consequences of Banking Fraud Job losses slow if you believe their fake numbers (they revealed prior better than expected numbers which previously rallied stocks, were indeed not better than expected in fact, and then rallied them again); jobless rate at 26-year high We are reminded of Japan where rates were microscopic for years and the Nikkei certainly did enjoy no fewer than four 50% rallies and over 420,000 rally points in a market that is still more than 70% lower today than it was two decades ago , The market is basically discounting an earnings stream that even the consensus does not see for another two to three years ], EVER MORE WORTHLESS WEIMAR DOLLAR, INCREASED FORECLOSURE SALES AND BEN (HE STILL HAS A JOB - AS AMERICANS LOSE THEIRS) BERNANKE BULL S**T (REMEMBER HIS NO RECESSION TALKS, MANY OF THEM, TO FROTH THE MARKET THEN AS NOW AND HOW MANY SUCKERS’ POINTS TO THE UPSIDE THEREFROM – WHAT TOTAL BULL S**T, WHAT FRAUDS!) EVEN AS ECONOMIST KELLNER JOINS THE RATIONAL CROWD SAYING ECONOMY WILL COLLAPSE UNDER ITS OWN WEIGHT IN 2010 AND CONTINUED BAD NEWS [ INSIDERS ARE DUMPING STOCK Insiders Selling Stocks at Highest Level Since May 2008 (8-31-09) INSIDERS CONTINUE TO SELL, SELL, SELL (AT SEEKING ALPHA 8/13/09) PAPER: FRESH ALERT ON GLOBAL STOCK MARKETS... The Great Depression and Today - Sobering Parallels Abound 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 Oldest Swiss Bank Wisely Tells Clients to Sell U.S. Assets or Leave Looming Global Debt Crisis Congressman Grayson: Fed Secretly “Stuffed” $500 Billion into “Foreign Private Pockets” and Gave $230 Billion to Citi “As a Secret Bailout” Ron Paul: End the Fed, Save the Dollar Gerald Celente: There is No Recovery Madoff Files: A Chronicle of SEC Failure US jobless soars as companies squeeze workers US jobless soars as companies squeeze workers Food stamp list soars past 35 million... and New record; up 22% from '08... Fairy Tales of Recovery, Reality of More Failures Goldman Sachs Wrong on Economic Recovery, Macro Hedge Funds Say The Coming Deposit Insurance Bailout Five banks closed by U.S. regulators with 89 total closures 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 Commercial Real Estate Next Mortgage Crisis Federal Reserve made $14 billion on turmoil loans 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) Three more banks fail; 2009 total hits 84 Goldman "Trading Huddles" Expose Fiction of Level Playing Field 1,000 Banks to Fail In Next Two Years AP sources: $2 trillion higher deficit projected (AP) 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... "Artificially Sweetened" Market Could Face "Seismic Readjustment," Harrison Says Official: Real unemployment rate at 16%... WSJ: Dollar Steadily Losing Influence... Senator warns of hyperinflation... Failed banks mount; Ga, Ala, and large Texas banks shut Learn to Love the Depression US jobless claims in surprise jump for second week WHY DO EQUITY MARKETS DISAGREE WITH THE DATA? 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 CALPERS IS UNSUSTAINABLE What rebound? Foreclosures rise... Grab Your Shorts, The Correction Has Begun THE SECOND WAVE OF THE DEPRESSION: HYPERINFLATION IS LIKELY THE FDIC IS BROKE. NOW WHAT? (PART II) DOLLAR TO DECLINE AMID CONCERN AS IT 'LOSES RESERVE STATUS'... JOBLESS SPIKE COMPOUNDS FORECLOSURE CRISIS STOCKS SLIDE ON ECONOMY CONCERN WORLD STOCKS, OIL TUMBLE ON U.S. FRAUD EXPOSURE AND CONSUMER WORRIES Connecticut Not Learning the Right Lessons from California Weekly Market Outlook: Commercial Real Estate Continues to Deteriorate Retail sales fall, new jobless claims rise (Reuters) US Home Foreclosures Set Another Record in July Colonial BancGroup shut down by federal officials (largest bank failure this year) (AP) Economist: Claim that Economy Has Recovered “Is Like Somebody Borrowing Money from Their Uncle and Then Celebrating that Their Income Has Gone Up” ] PERSONAL & BUSINESS BANKRUPTCIES UP, WORTHLESS WEIMAR DOLLAR DOWN, FORECLOSURES UP (32% YOY AND 7% MOM AT NEW RECORD, 50% HOMES UNDERWATER, COMMERCIAL TO FOLLOW), CONFIDENCE REALISTICALLY DOWN, $100+ OIL AROUND CORNER (2010-HOGAN); HILLARY KRAMER-10% CORRECTION, CELENTE-DEPRESSION NOW UNDERWAY Bob Prechter Quite Sure Next Wave Down Will Be Bigger and March Lows Will Break Gerald Celente 2.5 Million Jobs Lost Since Obama’s Presidency PAPER: Fresh alert on global stock markets... TO KEEP SUCKERS SUCKERED [ Insiders Continue to Sell, Sell, Sell (at Seeking Alpha – 8/13/09) (7-29-09) Insiders Selling at Alarming Levels Insiders Exit Shares at the Fastest Pace in Two Years ] AND COMMISSION DOLLARS FLOWING [Tarp banks award billions in bonuses... Goldman Sachs on pace for record bonuses: report (Reuters) Cody Willard: Goldman Sachs Is A Ponzi Scheme, Should Be Punished Accordingly Max Keiser: Prosecute the Bankster Crime Syndicate The Market's Horoscope: Downside Correction ! [ Entering the Greatest Depression in History Andrew Gavin Marshall | The crisis has many bubbles, all of which dwarf the housing bubble burst of 2008. Geithner asks Congress for higher U.S. debt limit U.S. regulators close 3 banks, total now 72 US deficit climbs to 1.3 trillion dollars This Depression is just beginning 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 Bob Prechter "Quite Sure" Next Wave Down Will Be Bigger and March Lows Will Break 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… The Real Economy Versus the Make-Believe World of the Government and Financial Giants In the real economy, unemployment is at Depression-era levels. Top firms' pension funds plummet Consumer bankruptcies jump 34% Nine Of Ten Sectors Overbought This Depression is just beginning US companies axe 371,000 jobs in July Half of U.S. mortgages seen underwater by 2011... Recovery ‘not in sight’ says BMW ] CONTINUED FRAUD WITH PROGRAMMED SUCKERS’ RALLY DESPITE NEW RECORD FOR CONTINUING UNEMPLOYMENT CLAIMS AT 6.3 MILLION AND AS I WARNED, WATCH FOR FAKE REPORTS IN DESPERATION – AND LABOR DEPT. CAME THROUGH WITH FAKE REPORT AND NEW LIE BASED UPON PEOPLE STOPPED LOOKING FOR JOBS SO THEIR RATE 9.4 BUT OBAMA SAYS 10% - REALITY IS UNEMPLOYMENT RATE IS WELL OVER 10%, THEN AIG SOARS ON “PROFIT” WITH $87 BILLION IN TAXPAYER FUNDS TO PLAY WITH [ Max Keiser: Prosecute the Bankster Crime Syndicate Insiders Continue to Sell, Sell, Sell (at Seeking Alpha) PAPER: Fresh alert on global stock markets... Retail sales fall, new jobless claims rise (Reuters) US Home Foreclosures Set Another Record in July (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… Entering the Greatest Depression in History Andrew Gavin Marshall | The crisis has many bubbles, all of which dwarf the housing bubble burst of 2008. Geithner asks Congress for higher U.S. debt limit U.S. regulators close 3 banks, total now 72 US deficit climbs to 1.3 trillion dollars Causes of This Depression Yet To Be Addressed Further impoverishment is on the way. More and more will be laid off and they’ll be no new jobs available. Savings will be exhausted and most homes that have been financed will be under water. Some banks paid bonuses bigger than income: o 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. Bob Prechter "Quite Sure" Next Wave Down Will Be Bigger and March Lows Will Break The Real Economy Versus the Make-Believe World of the Government and Financial Giants In the real economy, unemployment is at Depression-era levels. Top firms' pension funds plummet Consumer bankruptcies jump 34% Nine Of Ten Sectors Overbought This Depression is just beginning 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 [$$] Why I Went Fully Into Cash US food stamp list tops 34 million for first time The Banks Own the Fed, and the Central Banks Own BIS AIG breakup nets Wall Street $1 billion bonanza: report ‘Underwater’ Mortgages to Hit 48%, Deutsche Bank Says Oil price hits $76, highest since October... US companies axe 371,000 jobs in July Half of U.S. mortgages seen underwater by 2011... Recovery ‘not in sight’ says BMW Half of U.S. mortgages seen underwater by 2011... Recovery ‘not in sight’ says BMW Recession Worse Than Prior Estimates, Revisions Show Bloomberg | The first 12 months of the U.S. recession saw the economy shrink more than twice as much as previously estimated, reflecting even bigger declines in consumer spending and housing, revised figures showed. DO YOU REALIZE HOW MANY SUCKERS’ RALLY POINTS WERE ADDED BY THE FAKE NUMBERS CONTRIBUTING TO THIS NEW COMMISSIONING BUBBLE! REVISED: ECONOMY 2X WORSE... The government plans big revisions to historical economic data... Developing... Regulators shut banks in Fla., NJ, Ohio, Okla... WASHINGTON (7-31-09) (AP) -- Regulators on Friday shut down banks in Florida, New Jersey, Ohio, Oklahoma and Illinois, boosting to 69 the number of federally insured banks to fail this year amid the pressures of the weak economy and mounting loan defaults. PhD Economist: Fed has Caused Soaring Unemployment, Millions of Foreclosures, Millions Losing Life Savings and More than $6 Trillion in Lost Output DOLLAR DROPS TO '09 LOW... Unemployment spreads distress in U.S. home loans Weak Treasury Auctions Raise Worries About Debt Burden... [$$] Senate Probes Banks for Meltdown Fraud (at The Wall Street Journal Online) Even Bernanke Admits this Could be Worse than the Great Depression Senate probes Goldman, Deutsche: report (Reuters) The Real Unemployment Rate Hits a 68-Year High 2009 Looking More Like 1929 Dollar Falls to 2009 Low... U.S. Markets Decline After Weaker Than Expected Data 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. ] AND NOTHING REAL OR POSITIVE AT ALL (IE., 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.) ( Max Keiser: Prosecute the Bankster Crime Syndicate Max Keiser: Goldman Sachs Are “Scum,” “Financial Terrorists” Bank profits not as impressive as they seem when you take into account TARP funding, changed accounting rules to fudge books, new stock issues, etc… um Cost Of Bailout Hits A Whopping $24 Trillion Dollars Entering the Greatest Depression in History Andrew Gavin Marshall | The crisis has many bubbles, all of which dwarf the housing bubble burst of 2008. Geithner asks Congress for higher U.S. debt limit U.S. regulators close 3 banks, total now 72 US deficit climbs to 1.3 trillion dollars Stearns Crucifies Paulson On Bailout Bait And Switch Fiscal ruin of the Western world beckons Foreign Embassies Urged to Stockpile Local Currencies Bailout Overseer Says Banks Misused TARP Funds Regulators shut banks in Calif., Ga. and SD ) TO KEEP SUCKERS SUCKERED [ (7-29-09) Insiders Selling at Alarming Levels Insiders Exit Shares at the Fastest Pace in Two Years Bob Prechter "Quite Sure" Next Wave Down Will Be Bigger and March Lows Will Break ] AND COMMISSION DOLLARS FLOWING [Tarp banks award billions in bonuses... Goldman Sachs on pace for record bonuses: report (Reuters) Cody Willard: Goldman Sachs Is A Ponzi Scheme, Should Be Punished Accordingly Max Keiser: Prosecute the Bankster Crime Syndicate Corporate Media Spotlights Distortion of Market by High Frequency Trading [$$] Big Pay Packages Return to Wall Street as new fraud gains steam (at The Wall Street Journal Online) Max Keiser: Goldman Sachs gang are ’scum’ who have co-opted U.S. gov’t 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 Spitzer: Federal Reserve is ‘a Ponzi scheme, an inside job’ 2009 Looking More Like 1929 AIG breakup nets Wall Street $1 billion bonanza: report ] BASED ON CONTINUED BAD NEWS ( ie., BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... Scams And Bailouts The Cause of World Depression Insiders Continue to Sell, Sell, Sell (at Seeking Alpha 8/13/09) PAPER: Fresh alert on global stock markets... Retail sales fall, new jobless claims rise (Reuters) US Home Foreclosures Set Another Record in July (7-29-09) Insiders Selling at Alarming Levels Entering the Greatest Depression in History Andrew Gavin Marshall | The crisis has many bubbles, all of which dwarf the housing bubble burst of 2008. The Market's Horoscope: Downside Correction Geithner asks Congress for higher U.S. debt limit U.S. regulators close 3 banks, total now 72 US deficit climbs to 1.3 trillion dollars Causes of Depression Yet To Be Addressed Further impoverishment is on the way. More and more will be laid off and they’ll be no new jobs available. Savings will be exhausted and most homes that have been financed will be under water. Some banks paid bonuses bigger than income: o 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 Bob Prechter "Quite Sure" Next Wave Down Will Be Bigger and March Lows Will Break The Real Economy Versus the Make-Believe World of the Government and Financial Giants In the real economy, unemployment is at Depression-era levels. US companies axe 371,000 jobs in July Half of U.S. mortgages seen underwater by 2011... Recovery ‘not in sight’ says BMW Top firms' pension funds plummet Consumer bankruptcies jump 34% Nine Of Ten Sectors Overbought This Depression is just beginning US food stamp list tops 34 million for first time The Banks Own the Fed, and the Central Banks Own BIS AIG breakup nets Wall Street $1 billion bonanza: report ‘Underwater’ Mortgages to Hit 48%, Deutsche Bank Says Oil price hits $76, highest since October... US companies axe 371,000 jobs in July Half of U.S. mortgages seen underwater by 2011... Recovery ‘not in sight’ says BMW Unemployment spreads distress in U.S. home loans Cities in the U.S. Sun Belt states of California, Florida, Nevada and Arizona dominated the record foreclosure spree in the first half of the year, but distress in other regions emerged as joblessness spread, RealtyTrac said on Thursday. Recession Worse Than Prior Estimates, Revisions Show Bloomberg | The first 12 months of the U.S. recession saw the economy shrink more than twice as much as previously estimated, reflecting even bigger declines in consumer spending and housing, revised figures showed. Do you realize how many suckers’ rally points were added by the fake numbers contributing to this new commissioning bubble! REVISED: ECONOMY 2X WORSE... The government plans big revisions to historical economic data... Developing... Regulators shut banks in Fla., NJ, Ohio, Okla... WASHINGTON (AP) -- Regulators on Friday shut down banks in Florida, New Jersey, Ohio, Oklahoma and Illinois, boosting to 69 the number of federally insured banks to fail this year amid the pressures of the weak economy and mounting loan defaults. PhD Economist: Fed has Caused Soaring Unemployment, Millions of Foreclosures, Millions Losing Life Savings and More than $6 Trillion in Lost Output DOLLAR DROPS TO '09 LOW... 75% Favor Auditing The Fed Tarp banks award billions in bonuses... The Real Unemployment Rate Hits a 68-Year High 2009 Looking More Like 1929 Dollar Falls to 2009 Low... Six Georgia banks fail, bringing year tally to 64.... Rally may cool on earnings reality check Dollar Falls to Near 2009 Low as Economy Pares Refuge Demand Ben Bernanke Was Wrong Wall Street’s Love Affair with Ben Bernanke Mike Whitney | bernanke knows that the country is in a Depression Scams And Bailouts The Cause of World Depression New US weekly jobless claims jump Its Official: U.S. Trapped in an Extended Depressionary Cycle MICROSOFT Profit Drops 29% as PC Slowdown Weighs on Revenue… they haven’t availed themselves of the fake assets/books legislation recently passed... AMAZON.COM Profit Drops 10%... Bernanke: “I Don’t Know” Which Foreign Banks Were Given Half a Trillion Paul Joseph Watson Grayson grills Fed chairman on destination of credit swaps. Fed: unemployment will top 10 percent this year... Foreclosures (those increased home sales that has been fueling suckers’ rally) rise 15 percent in first half of 2009 (7-17) Three more banks fail, bringing 2009 tally to more than double all of 2008 at a total thus far of 57 Lower Markets on the Horizon Cody Willard: Goldman Sachs Is A Ponzi Scheme, Should Be Punished Accordingly The Ultimate Insider Trading Scheme Max Keiser: Goldman Sachs gang are ’scum’ who have co-opted U.S. gov’t Cost Of Bailout Hits A Whopping $24 Trillion Dollars Stearns Crucifies Paulson On Bailout Bait And Switch Fiscal ruin of the Western world beckons Foreign Embassies Urged to Stockpile Local Currencies Bailout Overseer Says Banks Misused TARP Funds TARP watchdog says Treasury lacking bank data Goldman Sachs caused the problems in the first place… Who can deny that? Budget deficit tops $1 trillion for first time (AP) CIT Watch: Analysts Says Debt Load Isn't the Only Problem Geithner Refuses to Rule Out Continuing Using American Taxpayer as Piggy Bank for Derivatives Losses 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 “ ; less bad, not as bad as expected…riiiiight!, tarp money for the commission frauds on wall street in new manufactured bubble as actual/real manufacturing down again; consumer confidence down, commercial loans begin default phase of downturn, 6.9 million continuing unemployment claims for new record; retail sales down sharply 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. Economist: FDIC gearing up for bank closures Goldman Sachs Admits Its Software Can “Manipulate Markets in Unfair Ways and fraudulently generate commissions /trade volume” Max Keiser: Goldman Sachs gang are ’scum’ who have co-opted U.S. gov’t You Tube | Goldman Sachs are scum– that’s the bottom line. They have co-opted the government, the Treasury Department and the Federal Reserve’s functionality. They’ve co-opted the Obama administration & Barack Obama dances to Goldman Sachs’ tune. True unemployment rate already at 20% This Depression Will Last For Years Wyoming sees first bank failure since 1991 China criticizes dollar AIG Preparing to Pay New Round of Bonuses... While Talking About Keynesian Stimulus, Feds Are Really Just Giving Money to the Big Frauds FDIC Insurance Fund: It Doesn’t Actually Exist Replacing the dollar as reserve currency US loses 467,000 jobs, unemployment at 9.5% 'We're in the Middle of a Crash': Black Swan... Economic Expectations – Unemployment Rate Will Reach 15% David Tice: We are going into a depression-15% unemployment or more on horizon. U.S. consumers fall behind on loans at record pace FBI: Mortgage fraud 'rampant' and growing... Celente and Schiff Predict Food Panic This Year. Watch clips HERE. Fema Camps Built. Wall Street hits 10-week low amid talk of new stimulus (7-2)Seven more banks fail, bringing 2009 tally to more than double all of 2008 at a total thus far of 52; Private sector sheds another 473,000 jobs in June... US lurching towards ‘debt explosion’ with long-term interest rates on course to double Jim Rogers Sells Dollars, Plans to Short Treasuries ‘Sucker’s Rally Beginning To Unwind’ daaaah…? Calls grow to supplant dollar as global currency China officials call for displacing dollar, in time Tracking Two Depressions, 1929 and now this Mortgage applications fall to 7-month low... Private sector sheds another 473,000 jobs in June... 'Layoffs may be worsening'... AIG shares drop after 1-for-20 reverse-stock split (AP) Manhattan apartment prices skid 13 to 19 percent Job losses / job concerns realistically weigh on confidence, real estate values/prices continue downward trend as per Case / Shiller Index (-18.1%, -21% in california) Consumer confidence suffers steep fall... Home prices post 18% annual drop... Worldwide Depression: Review of Global Markets . Four banks fail, bringing 2009 tally to 19 more than all of 2008 at a total thus far of 44 Dollar Falls Most in Month as China Urges New Reserve Currency Gerald Celente speaks on Cap and Trade and other handicaps to the US economy HOW MANY TIMES CAN THE WALL STREET FRAUDS, WITH CYCLICAL REGULARITY, DO THE SAME OR SIMILAR FRAUD WITH IMPUNITY (STILL NOT ONE PROSECUTION IN THE MOST RECENT MASSIVE SECURITIES FRAUD, BUT PLENTY OF OBFUSCATION EMANATING FROM THE PERPETRATORS AS WELL AS THOSE WHO SHOULD BE PROSECUTING /PURSUING THEM) NOW REFLATING THE STOCK MARKET BUBBLE BASED UPON NOTHING AT ALL (BAD NEWS,FRAUD AND BULL S**T), CHANGING ACCOUNTING RULES TO FACILITATE THE COMMISSIONABLE BUBBLE FROM WHICH THE SOURCE OF FUNDS TO EVEN PAY BACK LOANS TO AVOID SCRUTINY OF THEIR NEW FRAUD IS GENERATED [SAVINGS AND LOAN DEBACLE, DOT.COM SELL THE SIZZLE BUST /DEBACLE, RECYCLED /REPACKAGED /RESOLD /RECOMMISSIONED WORTHLESS COLLATERALIZED SECURITIES /PAPER (IN THE TRILLIONS YET STILL NOT ADDRESSED), ETC., THE FRAUDS ARE GETTING LARGER, HENCE THE RIDICULOUS TOO BIG TO FAIL MANTRA … HOW PATHETIC! … THAT MONEY HAS TO COME FROM SOMEPLACE, IE., PRINTING, CREATING, YOUR POCKETS, … NOT OUT OF THIN AIR! ] TYPICAL END OF QUARTER FRAUD/WINDOW DRESSING TO KEEP SUCKERS SUCKERED [ Insiders Exit Shares at the Fastest Pace in Two Years ] AND COMMISSION DOLLARS FLOWING [ Goldman Sachs on pace for record bonuses: report (Reuters) ] BASED ON CONTINUED BAD NEWS ( ie., BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... 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. ,personal income up modest .2% and spending down, China calls for new reserve currency to supplant worthless dollar Dollar And Stocks Drop As China Calls For New Global Currency , continuing unemployment claims at or near record 627,000, weekly unemployment claims up 15,000, and GDP contraction –5.5%, all worse than expected (lennar wider than expected quarterly loss rallies stock…riiiiight!) Jobless claims rise; GDP dips in 1Q ; soothing words/b.s. from fed which previously predicted no recession that economy still contracting but that the contraction is somewhat slowing…what b**l s**t!…, analysts- buffet/economy in shambles, Hogan/negative GDP growth and inflation owing to debasement of the dollar as well as deficit spending/pump-priming in the trillions, joker stein/economy a mess and continued job losses, new home sales down .6%; U.S. Home Prices Drop 6.8 Percent in April as Foreclosures Rise foreclosure sales up 2.4%, prices down 17% year over year, [$$] Market Suffers Some Technical Damage Stocks tumble on bleak outlook for world economy U.S. regulators close their 40th bank of the year , Next Major Move In Stock Market Will Be Down world economy to shrink by worse than previously predicted 2.9% and big difference between not getting worse and getting better, market got ahead of itself, stalled out, still depression/more job losses, higher oil-gas prices / higher interest rates / heavy debt to pare down is 1-3 year drag on economy, even if believed (I don’t) the labor dept. far better than expected job numbers by increased debt (spending) to produce same is not economically sound or sustainable, viz., record spending with record low revenues, rating cuts for bank sector, analysts concur in significant 5-15% (reality says 15-25%) pullback/correction for stocks , institutional selling, industrial production/construction down 1.1%, housing starts allegedly up but if believed will only increase the plethora of unsold inventories, empire manufacturing index suffers unexpectedly severe decline…daaaah!, credit dard defaults at record high, analysts concur that fundamentals don’t support stock rally and that pac money(defacto bribes) might derail any meaningful reform/regulation which is of concern to the frauds on wall street who should be prosecuted, record loss of wealth, higher gas prices, job losses, higher interest rates / yields, higher commodity prices, higher deficits, hyperinflation, record continuing unemployment claims at 6.8 million, worthless Weimar dollar crashing, money supply exploding with hyperinflation/higher interest rates coming, budget deficit at new highs and trade deficit worse than expected, analyst who called crash says inflationary depression, banks passed stress tests only with the help of fraudulent change in accounting rules, banks still insolvent, toxic assets even more toxic, dollar falling and a lot lower to go, $100 + oil by end of year, Obama/bernanke continuing failed policies of bush greenspan, recommends getting out of Dodge and u.s. assets Jim Rogers: “The Worst is Not Over” 6/9/2009 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. Markets See a Breakdown in Technical Support Levels Roubini: USA sees double-dip recession... Jobless claims rise; GDP dips in 1Q Bernanke faces GOP-led (who are they kidding-bushies/paulsen went so far as threaten martial law- prosecute now! They continue to allow the wall street fraud and political theater doesn’t change their complicity) heat on BofA-Merrill deal Fed Tried to Cover-up Its Involvement in Bank of America-Merrill Deal U.S. Economy: Jobless Claims Rise in Sign Labor Market Stagnant Dollar drops on reserve currency doubts China sells US bonds to ’show concern’ BRICs May Buy Each Other’s Bonds in Shift From Dollar China’s holding of US bonds drops first time in 11 months Russia to Raise Reserve Currency Issue at BRIC International Demand for Worthless U.S. Assets Slowed in April IMF says worst not over Senator cashed out during big stock collapse -- after meeting with Fed, Treasury chiefs! America's AAA downgrade danger... Treasury faces pressure on price of TARP exit A depression so deep even teen shoppers scrimp US cities may have to be bulldozed in order to survive 1st quarter wiped out $1.3 trillion for Americans Get Ready for Inflation and Higher Interest Rates Oil prices near $73 as energy rally continues Fed Would Be Shut Down If It Were Audited Fed says economy weak, but sees signs the slide increasing Mounting deficits spark jitters about U.S. economy Wall Street falls as realities dent recovery hopes Bonds fall on worries about government's debt load (AP) Oil prices strike new high for 2009 (AP) The depression quietly deepens CHINA AIRS FEARS ON DOLLAR, DEBT... Oil hits 7-month high over $70... Yes, We’re STILL In a Depression China Bank Wants U.S. Bonds Issued in Yuan Fake government job loss report near 40% better than private forecasts…I don’t think so!…9.4% unemployment rate…try well over 10% and with stopped looking included over 20% , Jim Rogers CNBC - Jun 4th, 2009 - Currency Crisis Ahead U.S. unemployment hits record but job losses slow if you foolishly believe fake government reports near 40% better than private estimates - I don’t think so! …now China explores buying $50bn in IMF bonds US retailers report May sales declines Tiny Tim says dollar assets safe... Laughter from audience... Why The Chinese Laughed At Geithner ----- mortgage apps. down, service sector job losses/factory orders worse than expected, new record continuing unemployment claims, bernanke spend more money you don’t have but cut debilitating deficit…riiiiight…sounds like a plan with more job losses to come, etc., Economic data disappoint, indicate slow recovery Worse-than-expected economic data thwarts rally Jobless rates in U.S. cities zoom higher in April Sector Snap: Homebuilders tumble (AP) As the Dollar Falls Off the Cliff … Bernanke warns on deficits as Treasury rates rise ----- GOV'T OWES RECORD $63.8 TRILLION... The Big Collapse Is Very Near Dollar Declines as Nations Mull Reserve Currency Alternative Dollar Falls Most In A Month Since 1985 Leap in U.S. debt hits taxpayers with 12% more red ink Gold jumps above $970/oz as dollar weakens Double-Dip Depression , New Record Continuing Unemployment Claims, Marc Faber: “I Am 100% Sure that the U.S. Will Go Into Hyperinflation” Why We'll See Another Serious Equities Sell-Off Obama continuing Bush’s assault on the middle class Government will now own 72.5% of 'New GM'... Roubini: U.S. economy to dip again next year... Case-Shillers index shows new record decline in real estate prices, $80+ oil coming this year Dallas Federal Reserve: Unfunded Pension and Health-Care Liabilities Exceeds $99 Trillion Dollars Waterboard the Fed Obama: We Are Broke. Well, Duh! Russia Rationally Dumps Dollar as Reserve Currency - Adopts Euro , new record for continuing unemployment claims, fed downgrades outlook that previously provided b.s. for suckers’ rally, record low for new housing starts, etc.) AND BULL S**T ALONE (ie., BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... , world economy to shrink by worse than previously predicted 2.9% and big difference between not getting worse and getting better, leading indicators up far more than expected … bull s**t …based in large part on inflated stock price component … more bull s**t … new reform with same old frauds say increased capital requirements and oversight of the overseers/rating agencies (riiiiight!…same old,same old - already have but no will to enforce existing laws, etc.), analyst who called crash says inflationary depression, banks passed stress tests only with the help of fraudulent change in accounting rules, banks still insolvent, toxic assets even more toxic, dollar falling and a lot lower to go, $100 + oil by end of year, Obama/bernanke continuing failed policies of bush greenspan, recommends getting out of Dodge and u.s. assets Insiders Exit Shares at the Fastest Pace in Two Years BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... The Next Bubble Is Here. Have You Bought In? Here we go again! Barney Frank asks FANNIE and FREDDIE to relax Mortgage lending rules... Fed Tried to Cover-up Its Involvement in Bank of America-Merrill Deal Dollar And Stocks Drop As China Calls For New Global Currency Citigroup Ordered to Suspend Some Operations in Japan Bernanke Grilling May Weaken Case for Fed as Risk Regulator 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 [$$] Market Suffers Some Technical Damage Stocks tumble on bleak outlook for world economy U.S. Home Prices Drop 6.8 Percent in April as Foreclosures Rise [$$] Red Roof Inn Defaults on Mortgage Debt (at The Wall Street Journal Online) MySpace to cut two-thirds of global workforce GM to cut 4,000 more white-collar jobs by year end Oracle tops forecasts despite sales, profit dip; stated another way, bad news will be shilled as good news (AP) California Collapsing Bankster “Holiday” Planned for September? Recession Sparking Global Unrest Is Your Portfolio Ready for the Next Leg Down? S&P turns negative for year in broad sell-off (Reuters) Goldman Sachs on pace for record bonuses: report (Reuters) Numbers On Welfare See Sharp Increase Top Insiders Playing You For A Sucker? The death of the dollar. Who could deny it? Stanford indicted in massive U.S. fraud case which is small potatoes compared to ubiquitously massive wall street securities fraud which caused the ongoing financial debacle Venture Capital Bubble Set to Burst, Kedrosky Says Obama Plans to Cut Bank Regulators, Allow Fed to Supervise Financial Holding Companies – The old fox guarding the henhouse tricks Federal Reserve unwisely to gain power under plan Federal Reserve Foolishly To Be Given Sweeping New Powers Yen Strengthens Most in Month as Asian Stocks Drop, Gold Gains RUSSIA CHALLENGES WORTHLESS DOLLAR... AIG says former top exec plundered retirement plan [video] The Too-Big-to-Fail Problem [6.8 min] (at MarketWatch) [$$] Too Big to Solve? (at The Wall Street Journal Online) Buy and Hold Is Dead. Long Live Buy and Hold! Financial Bailout Plan Keeps Zombie Banks Alive Bernanke then as now in denial about looming crisis 2005-2007 Retail sales, drop in jobless claims to a very high even if believed 601,000 yielding record continuing claims of 6.8 million fuel hope…if you’re a dope Lawmakers blast Fed, Treasury for BofA "threats" Oil climbs over $73 on hopes for rising demand U.S. Household Worth Fell by $1.3 Trillion in First Quarter Predictions of $250 a barrel on oil ECB Fears Reality of Banking Crisis in 2010: Report Get Ready for Inflation and Higher Interest Rates Bill To Audit Federal Reserve Now Has 209 Co-Sponsors Russia May Swap Some U.S. Treasuries for IMF Debt Fed report shows losses on Bear Stearns, AIG holdings Congress subpoenas the Fed ... Finally! (AP) Brazil in recession, recovery unlikely this year What a “Jobless Recovery” Really Means: A Massive Redistribution of Wealth from the Little Guy to the Big Boys Obama Tells American Businesses to Drop Dead America’s Fed Addiction “87 Percent of [Chinese] Respondents Believe China’s u.s. Dollar-Assets are Unsafe” Fed Said to Retreat From Seeking Power to Sell Its Own Debt/Bills WIRE: Obama Tells American Businesses to Drop Dead... Long-Term Economic Memory Loss Obama’s economic model versus reality Reality bites Internet as 1Q ad sales fall 5 pct (AP) CHINA AIRS FEARS ON DOLLAR, DEBT government reports better than private estimates…riiiiight! President of the Federal Reserve Bank of Kansas City Warns of Oligarchy U.S. unemployment hits record but job losses slow if you foolishly believe fake government reports near 40% better than private estimates - I don’t think so! …now Benefit spending soars to new high $100 Billion Bailout For IMF Tagged On To War Funding Bill Economic recovery is wishful thinking Gold, Silver Climb as Dollar Falls OPEC: OIL COULD REACH $90... ----- Existing home foreclosure sales up, and no profit discount car sales better than expected Diluting like crazy through new stock bubble issues Market Manipulation/Fraud: How Financial Markets Really Work Economist Warns Fed Will Bring About Zimbabwe Style Hyperinflation The $4 trillion housing headache (at Fortune) foreclosure sales up, prices down , ‘SELL IN MAY AND GO AWAY’, so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!

ANALYST FORECASTS: BULLS AND BEARS By Richard Shaw [there were 3 bull forecasts which are bull s**t and not included in the following excerpt to preclude fraud and conserve space; even the neutrals are a stretch]
…..BEAR - May 30: Morgan Stanley equity analyst Jason Todd says sell this S&P 500 rally. He says Morgan Stanley does not see large upside above 825-850. He said, “In the rush to buy a cyclical recovery, it seems earnings or valuation no longer matters. We would be comfortable with this view if the earnings trough was closer, but it is not.”

BEAR - MAY 28: Berkshire Hathaway possible successor to Warren Buffet, David Sokol, says they see no evidence of the green shoots that been a stimulus to the stock market. He sees the most significant headwinds to the electric utility industry in his 30 years, and see continuing housing industry problems.

BEAR?/BULL? - May 28: PIMCO co-CEO Bill Gross (manager of world’s largest bond fund) portrays “new normal” including accelerating inflation toward the latter part of a three- to five-year cycle, and the need to reexamine accepted notions about investing. He said stocks have not and will not always outperform bonds, and having 60% to 80% of portfolio assets in stocks may not always make sense. He believes the dollar will lose its status as the reserve currency; Brazil, India and China (forget Russia) will offer the best growth. The U.S. government will be selling trillions in Treasuries; the US savings rate may rise significantly, and the consumer economy may be shrinking long term due to the aging of the population.

BULL?/BEAR? - May 28: GMO CEO Jeremy Grantham predicts higher US savings and lower consumption with many postponed retirements. He sees some reasonable values within the stock market now and sees the third year of the presidential cycle (2011) as the most promising. He is not certain that a robust rally will continune. Like John Bogle, he believes in the principle of having your age as the percentage of bonds in your portfolio. He expects a bubble in emerging market stocks to develop.

BEAR - MAY 26: Comstock Partners portfolio managers Charlie Minter and Marty Weiner, say P/E’s on “as reported earnings” are too high in consideration of the long-term trend in earnings (now in down phase). “Over the past 75 years, most market peaks topped at around 20 times reported earnings, and the troughs occurred at around 10 times earnings. The financial mania of the late 1990s pushed P/Es to over 40 times reported earnings, and the following bust never brought P/Es below 18 times reported earnings. … Going back to 1950, every instance where actual earnings rose above trend-line earnings was followed by a period where actual earnings went well below trend-line earnings. Comstock Partners believes that we have entered such a period now, and that the market is trading at such a high multiple of trend-line earnings that it will be difficult to make money.”

BEAR - May 19: Gluskin Sheff analyst David Rosenberg (formerly of Merill Lynch) says this rally is a sucker’s rally based on short covering. “The FTSE All-World market P/E ratio on forward earnings estimates is now around 15x, well above pre-Lehman collapse levels and nearly double the lows for the cycle … this was a rally built largely on short covering, pension fund rebalancing and the emergence of hope wrapped up in ‘green shoot’ data points. … On average, the S&P 500 undergoes a correction of more than 20% … at a minimum, take profits”

NEUTRAL (BEAR?) - May 11: Baring Asset Management portfolio manager Hayes Miller says “Estimates suggest there isn’t that much further to run because equities are fairly valued … Earnings growth for 2009 and 2010 can’t support prices too much higher than where we are today.”

BEAR - May 11: HSBC Global Asset Management chief investment officer Leon Goldfeld, chief investment officer at HSBC Global Asset Management said it’s “hard to see” enough profit growth to justify higher stock prices. The firm’s strategy will be to reduce its holdings of equities and move into bonds and cash, he said.Bloomberg TV on June 1, said HSBC forecasts 900 as the year-end price for the S&P 500 index.

NEUTRAL - May 11: Bloomberg compilation of analyst forecasts of 2009 earnings for the S&P 500 is at $57.17 (not stated whether “as reported” or “operating”). As of June 1, that puts the S&P at about 16.5 times forecasted earnings. Yale economist Robert Schiller said the historic average is a multiple of about 16.3. [we note that we are not in an average situation or stage of a market, however].

BEAR - May 11: Bank of America CIO for private wealth management expects a 10% correction. He said, “We’re going to be in a very volatile, chop-and-grind type of market. We’ve been shown that there is a small light at the end of the tunnel, it’s dim but getting brighter, and that’s why stock prices have come this far this fast. Now, it’s all about ‘show me.’”

BEAR?/ BULL? - May Letter: PIMCO co-CEO Bill Gross wrote: “Do not be deceived by the euphoric sightings of “green shoots” and the claims for new bull markets in a multitude of asset classes. Stable and secure income is still the order of the day. Shaking hands with the new government is still the prescribed strategy, although it should be done at a senior level of the balance sheet. If the government indeed becomes your investment partner, you should keep the big Uncle in clear sight and without back turned. Risk will not likely be rewarded until the global economy stabilizes and the Obama rules of order are more clearly defined.”

BEAR - April 17: Barclay’s analyst Barry Knapp forecasts S&P 500 at 757 by year-end 2009. He said, “The equity market has priced this recovery and then some. It looks pretty expensive to us.”

(7-1) SELL / TAKE ANY PROFITS IN THIS SECULAR BEAR MARKET SUCKERS’ RALLY PROGRAMMED TO KEEP SUCKERS SUCKERED [ Insiders Exit Shares at the Fastest Pace in Two Years ] AND COMMISSION DOLLARS FLOWING [ Goldman Sachs on pace for record bonuses: report (Reuters) [$$] Big Pay Packages Return to Wall Street as new fraud gains steam (at The Wall Street Journal Online) ] BASED ON CONTINUED BAD NEWS ( ie., BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... Job losses / job concerns realistically weigh on confidence, real estate values/prices continue downward trend as per Case / Shiller Index (-18.1%, -21% in california) Gerald Celente speaks on Cap and Trade and other handicaps to the US economy HOW MANY TIMES CAN THE WALL STREET FRAUDS, WITH CYCLICAL REGULARITY, DO THE SAME OR SIMILAR FRAUD WITH IMPUNITY (STILL NOT ONE PROSECUTION IN THE MOST RECENT MASSIVE SECURITIES FRAUD, BUT PLENTY OF OBFUSCATION EMANATING FROM THE PERPETRATORS AS WELL AS THOSE WHO SHOULD BE PROSECUTING /PURSUING THEM) NOW REFLATING THE STOCK MARKET BUBBLE BASED UPON NOTHING AT ALL (BAD NEWS,FRAUD AND BULL S**T), CHANGING ACCOUNTING RULES TO FACILITATE THE COMMISSIONABLE BUBBLE FROM WHICH THE SOURCE OF FUNDS TO EVEN PAY BACK LOANS TO AVOID SCRUTINY OF THEIR NEW FRAUD IS GENERATED [SAVINGS AND LOAN DEBACLE, DOT.COM SELL THE SIZZLE BUST /DEBACLE, RECYCLED /REPACKAGED /RESOLD /RECOMMISSIONED WORTHLESS COLLATERALIZED SECURITIES /PAPER (IN THE TRILLIONS YET STILL NOT ADDRESSED), ETC., THE FRAUDS ARE GETTING LARGER, HENCE THE RIDICULOUS TOO BIG TO FAIL MANTRA … HOW PATHETIC! … THAT MONEY HAS TO COME FROM SOMEPLACE, IE., PRINTING, CREATING, YOUR POCKETS, … NOT OUT OF THIN AIR! ] TYPICAL END OF QUARTER FRAUD/WINDOW DRESSING TO KEEP SUCKERS SUCKERED [ Insiders Exit Shares at the Fastest Pace in Two Years ] AND COMMISSION DOLLARS FLOWING [ Goldman Sachs on pace for record bonuses: report (Reuters) ] BASED ON CONTINUED BAD NEWS ( ie., BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... ,personal income up modest .2% and spending down, China calls for new reserve currency to supplant worthless dollar Dollar And Stocks Drop As China Calls For New Global Currency , continuing unemployment claims at or near record 627,000, weekly unemployment claims up 15,000, and GDP contraction –5.5%, all worse than expected (lennar wider than expected quarterly loss rallies stock…riiiiight!) Jobless claims rise; GDP dips in 1Q ; soothing words/b.s. from fed which previously predicted no recession that economy still contracting but that the contraction is somewhat slowing…what b**l s**t!…, analysts- buffet/economy in shambles, Hogan/negative GDP growth and inflation owing to debasement of the dollar as well as deficit spending/pump-priming in the trillions, joker stein/economy a mess and continued job losses, new home sales down .6%; U.S. Home Prices Drop 6.8 Percent in April as Foreclosures Rise foreclosure sales up 2.4%, prices down 17% year over year, [$$] Market Suffers Some Technical Damage Stocks tumble on bleak outlook for world economy U.S. regulators close their 40th bank of the year , Next Major Move In Stock Market Will Be Down world economy to shrink by worse than previously predicted 2.9% and big difference between not getting worse and getting better, market got ahead of itself, stalled out, still depression/more job losses, higher oil-gas prices / higher interest rates / heavy debt to pare down is 1-3 year drag on economy, even if believed (I don’t) the labor dept. far better than expected job numbers by increased debt (spending) to produce same is not economically sound or sustainable, viz., record spending with record low revenues, rating cuts for bank sector, analysts concur in significant 5-15% (reality says 15-25%) pullback/correction for stocks , institutional selling, industrial production/construction down 1.1%, housing starts allegedly up but if believed will only increase the plethora of unsold inventories, empire manufacturing index suffers unexpectedly severe decline…daaaah!, credit dard defaults at record high, analysts concur that fundamentals don’t support stock rally and that pac money(defacto bribes) might derail any meaningful reform/regulation which is of concern to the frauds on wall street who should be prosecuted, record loss of wealth, higher gas prices, job losses, higher interest rates / yields, higher commodity prices, higher deficits, hyperinflation, record continuing unemployment claims at 6.8 million, worthless Weimar dollar crashing, money supply exploding with hyperinflation/higher interest rates coming, budget deficit at new highs and trade deficit worse than expected, analyst who called crash says inflationary depression, banks passed stress tests only with the help of fraudulent change in accounting rules, banks still insolvent, toxic assets even more toxic, dollar falling and a lot lower to go, $100 + oil by end of year, Obama/bernanke continuing failed policies of bush greenspan, recommends getting out of Dodge and u.s. assets , new record for continuing unemployment claims, fed downgrades outlook that previously provided b.s. for suckers’ rally, record low for new housing starts, etc.) AND BULL S**T ALONE (ie., BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... , world economy to shrink by worse than previously predicted 2.9% and big difference between not getting worse and getting better, leading indicators up far more than expected … bull s**t …based in large part on inflated stock price component … more bull s**t … new reform with same old frauds say increased capital requirements and oversight of the overseers/rating agencies (riiiiight!…same old,same old - already have but no will to enforce existing laws, etc.), analyst who called crash says inflationary depression, banks passed stress tests only with the help of fraudulent change in accounting rules, banks still insolvent, toxic assets even more toxic, dollar falling and a lot lower to go, $100 + oil by end of year, Obama/bernanke continuing failed policies of bush greenspan, recommends getting out of Dodge and u.s. assets Insiders Exit Shares at the Fastest Pace in Two Years BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... foreclosure sales up, prices down , ‘SELL IN MAY AND GO AWAY’, so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!

(6-30) SECULAR BEAR MARKET SUCKERS’ RALLY TO END WELL OFF SESSION LOWS TYPICAL END OF QUARTER FRAUD/WINDOW DRESSING TO KEEP SUCKERS SUCKERED Job losses / job concerns realistically weigh on confidence, real estate values/prices continue downward trend as per Case / Shiller Index (-18.1%, -21% in california) Consumer confidence suffers steep fall... Home prices post 18% annual drop... Worldwide Depression: Review of Global Markets . Four banks fail, bringing 2009 tally to 19 more than all of 2008 at a total thus far of 44 Dollar Falls Most in Month as China Urges New Reserve Currency Gerald Celente speaks on Cap and Trade and other handicaps to the US economy HOW MANY TIMES CAN THE WALL STREET FRAUDS, WITH CYCLICAL REGULARITY, DO THE SAME OR SIMILAR FRAUD WITH IMPUNITY (STILL NOT ONE PROSECUTION IN THE MOST RECENT MASSIVE SECURITIES FRAUD, BUT PLENTY OF OBFUSCATION EMANATING FROM THE PERPETRATORS AS WELL AS THOSE WHO SHOULD BE PROSECUTING /PURSUING THEM) NOW REFLATING THE STOCK MARKET BUBBLE BASED UPON NOTHING AT ALL (BAD NEWS,FRAUD AND BULL S**T), CHANGING ACCOUNTING RULES TO FACILITATE THE COMMISSIONABLE BUBBLE FROM WHICH THE SOURCE OF FUNDS TO EVEN PAY BACK LOANS TO AVOID SCRUTINY OF THEIR NEW FRAUD IS GENERATED [SAVINGS AND LOAN DEBACLE, DOT.COM SELL THE SIZZLE BUST /DEBACLE, RECYCLED /REPACKAGED /RESOLD /RECOMMISSIONED WORTHLESS COLLATERALIZED SECURITIES /PAPER (IN THE TRILLIONS YET STILL NOT ADDRESSED), ETC., THE FRAUDS ARE GETTING LARGER, HENCE THE RIDICULOUS TOO BIG TO FAIL MANTRA … HOW PATHETIC! … THAT MONEY HAS TO COME FROM SOMEPLACE, IE., PRINTING, CREATING, YOUR POCKETS, … NOT OUT OF THIN AIR! ] TYPICAL END OF QUARTER FRAUD/WINDOW DRESSING TO KEEP SUCKERS SUCKERED [ Insiders Exit Shares at the Fastest Pace in Two Years ] AND COMMISSION DOLLARS FLOWING [ Goldman Sachs on pace for record bonuses: report (Reuters) ] BASED ON CONTINUED BAD NEWS ( ie., BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... ,personal income up modest .2% and spending down, China calls for new reserve currency to supplant worthless dollar Dollar And Stocks Drop As China Calls For New Global Currency , continuing unemployment claims at or near record 627,000, weekly unemployment claims up 15,000, and GDP contraction –5.5%, all worse than expected (lennar wider than expected quarterly loss rallies stock…riiiiight!) Jobless claims rise; GDP dips in 1Q ; soothing words/b.s. from fed which previously predicted no recession that economy still contracting but that the contraction is somewhat slowing…what b**l s**t!…, analysts- buffet/economy in shambles, Hogan/negative GDP growth and inflation owing to debasement of the dollar as well as deficit spending/pump-priming in the trillions, joker stein/economy a mess and continued job losses, new home sales down .6%; U.S. Home Prices Drop 6.8 Percent in April as Foreclosures Rise foreclosure sales up 2.4%, prices down 17% year over year, [$$] Market Suffers Some Technical Damage Stocks tumble on bleak outlook for world economy U.S. regulators close their 40th bank of the year , Next Major Move In Stock Market Will Be Down world economy to shrink by worse than previously predicted 2.9% and big difference between not getting worse and getting better, market got ahead of itself, stalled out, still depression/more job losses, higher oil-gas prices / higher interest rates / heavy debt to pare down is 1-3 year drag on economy, even if believed (I don’t) the labor dept. far better than expected job numbers by increased debt (spending) to produce same is not economically sound or sustainable, viz., record spending with record low revenues, rating cuts for bank sector, analysts concur in significant 5-15% (reality says 15-25%) pullback/correction for stocks , institutional selling, industrial production/construction down 1.1%, housing starts allegedly up but if believed will only increase the plethora of unsold inventories, empire manufacturing index suffers unexpectedly severe decline…daaaah!, credit dard defaults at record high, analysts concur that fundamentals don’t support stock rally and that pac money(defacto bribes) might derail any meaningful reform/regulation which is of concern to the frauds on wall street who should be prosecuted, record loss of wealth, higher gas prices, job losses, higher interest rates / yields, higher commodity prices, higher deficits, hyperinflation, record continuing unemployment claims at 6.8 million, worthless Weimar dollar crashing, money supply exploding with hyperinflation/higher interest rates coming, budget deficit at new highs and trade deficit worse than expected, analyst who called crash says inflationary depression, banks passed stress tests only with the help of fraudulent change in accounting rules, banks still insolvent, toxic assets even more toxic, dollar falling and a lot lower to go, $100 + oil by end of year, Obama/bernanke continuing failed policies of bush greenspan, recommends getting out of Dodge and u.s. assets Jim Rogers: “The Worst is Not Over” 6/9/2009 , new record for continuing unemployment claims, fed downgrades outlook that previously provided b.s. for suckers’ rally, record low for new housing starts, etc.) AND BULL S**T ALONE (ie., BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... , world economy to shrink by worse than previously predicted 2.9% and big difference between not getting worse and getting better, leading indicators up far more than expected … bull s**t …based in large part on inflated stock price component … more bull s**t … new reform with same old frauds say increased capital requirements and oversight of the overseers/rating agencies (riiiiight!…same old,same old - already have but no will to enforce existing laws, etc.), analyst who called crash says inflationary depression, banks passed stress tests only with the help of fraudulent change in accounting rules, banks still insolvent, toxic assets even more toxic, dollar falling and a lot lower to go, $100 + oil by end of year, Obama/bernanke continuing failed policies of bush greenspan, recommends getting out of Dodge and u.s. assets Insiders Exit Shares at the Fastest Pace in Two Years BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... The Next Bubble Is Here. Have You Bought In? foreclosure sales up, prices down , ‘SELL IN MAY AND GO AWAY’, so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!

Tiny Tim says dollar assets safe... Laughter from audience... Why The Chinese Laughed At Geithner Paul Craig Roberts | The red ink that Washington is generating is a far greater threat to Americans than any foreign “enemies.”

(6-3) ONLY MODEST LOSSES RELATIVE TO REALITY WITH PROGRAMMED SHORT-COVERING/SUCKERS RALLY INTO THE CLOSE TO KEEP SUCKERS SUCKERED BASED ON CONTINUED BAD NEWS ( ie., mortgage apps. down, service sector job losses/factory orders worse than expected, new record continuing unemployment claims, bernanke spend more money you don’t have but cut debilitating deficit…riiiiight…sounds like a plan with more job losses to come, etc., Economic data disappoint, indicate slow recovery Worse-than-expected economic data thwarts rally Jobless rates in U.S. cities zoom higher in April Sector Snap: Homebuilders tumble (AP) As the Dollar Falls Off the Cliff … Bernanke warns on deficits as Treasury rates rise ----- GOV'T OWES RECORD $63.8 TRILLION... The Big Collapse Is Very Near Dollar Declines as Nations Mull Reserve Currency Alternative AND BULL S**T ALONE (ie., $100 Billion Bailout For IMF Tagged On To War Funding Bill Economic recovery is wishful thinking Gold, Silver Climb as Dollar Falls OPEC: OIL COULD REACH $90... ----- , ‘SELL IN MAY AND GO AWAY’, so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!

(6-2) SUCKERS’ RALLY CONTINUES TO KEEP SUCKERS SUCKERED BASED ON CONTINUED BAD NEWS The Big Collapse Is Very Near U.S. auto sales drop, but rays of stability seen Economic crisis boosts distrust of business: watchdog Dollar Declines as Nations Mull Reserve Currency Alternative Grand Theft Auto: How Stevie the Rat bankrupted GM Gold, Silver Climb as Dollar Falls Home foreclosure sales up, no profit discount car sales better than expected

Diluting like crazy through new stock bubble issues YAHOO…To that point, Moody's stated that it expects U.S. rated banks will incur some $470 billion pretax loan losses and write-downs in 2009 and 2010, and also expects many banks will be unprofitable this year. Moody's is keeping a negative outlook on the banking industry rating and the industry's credit outlook. …Semiconductor stocks (-3.3%) showed weakness for the entire session. Their downturn came after Applied Materials (AMAT 11.61, -0.44) chief executive Mike Splinter stated that there will be more failures in the semiconductor equipment sector amid declining customers, according to Reuters... Sacrifices are needed to save GM, Obama tells Americans Guardian | “Difficult times lie ahead,” said Obama. “More jobs will be lost, more plants will close. More dealerships will shut their doors and so will many parts suppliers.” The Big Collapse Is Very Near Robert Wenzel | The end of the current financial system, as we know it, is imminent. Today we’re all prisoners in the USA Ted Rall | Obama wants to let government goons snatch you, me and anyone else they deem annoying off the street so if true, then It’s increasingly evident that Obama should resign Grand Theft Auto: How Stevie the Rat bankrupted GM Greg Palast | Stevie the Rat’s plan is nothing less than Grand Theft Auto Pension. (6-1) MORE CAN’T BE SAID, SO PREPOSTEROUS WAS THIS TYPICALLY FAKE BETTER THAN EXPECTED (RIIIIIGHT!) COMMERCE DEPARTMENT DATA SUCKERS’ RALLY TO KEEP SUCKERS SUCKERED BASED ON CONTINUED BAD NEWS AND BULL S**T ALONE ‘SELL IN MAY AND GO AWAY’, so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! Most U.S. retailers likely saw sales fall in May GM files for bankruptcy, urges quick action GM: A Mighty Icon Files for Bankruptcy Dow gets shake-up as GM, Citi kicked out of average GM removed from S&P 500 index (AP) Stocks Will Fall 37% and Gold Will Rally % Even in Crisis, Banks Dig In for Fight Against Rules New York Times | The nine biggest participants in the derivatives market — including JPMorgan Chase, Goldman Sachs, Citigroup and Bank of America — created a lobbying organization, the CDS Dealers Consortium, a month after five of its members accepted federal bailout money. Zoellick Warns Stimulus ‘Sugar High’ Won’t Stem Unemployment Bloomberg | World Bank President Robert Zoellick warned policy makers that fiscal-stimulus plans are insufficient to turn around the “real economy” (5-29) PROGRAMMED TRADES/SUCKERS’ HIGH OIL/LOW DOLLAR (RIIIIIGHT!) RALLY INTO THE CLOSE TO KEEP SUCKERS SUCKERED BASED ON BAD NEWS ( ie., `GOV'T OWES RECORD $63.8 TRILLION...` Dollar Falls Most In A Month Since 1985 Leap in U.S. debt hits taxpayers with 12% more red ink Gold jumps above $970/oz as dollar weakens Double-Dip Depression , New Record Continuing Unemployment Claims, Marc Faber: “I Am 100% Sure that the U.S. Will Go Into Hyperinflation” Why We'll See Another Serious Equities Sell-Off Obama continuing Bush’s assault on the middle class `Government will now own 72.5% of 'New GM'...` `Roubini: U.S. economy to dip again next year...` Case-Shillers index shows new record decline in real estate prices, $80+ oil coming this year Dallas Federal Reserve: Unfunded Pension and Health-Care Liabilities Exceeds $99 Trillion Dollars Waterboard the Fed Obama: We Are Broke. Well, Duh! Russia Rationally Dumps Dollar as Reserve Currency - Adopts Euro , new record for continuing unemployment claims, fed downgrades outlook that previously provided b.s. for suckers’ rally, record low for new housing starts, etc.) AND BULL S**T ALONE (ie., Market Manipulation/Fraud: How Financial Markets Really Work Economist Warns Fed Will Bring About Zimbabwe Style Hyperinflation The $4 trillion housing headache (at Fortune) foreclosure sales up, prices down , ‘SELL IN MAY AND GO AWAY’, so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! (5-28) Sowell: Government’s Current Role in Business the ‘Route’ to Fascism Foreclosure woes mount for those with good credit Fed Finds a Way to Use Stress Tests to Screw Bank Shareholders One More Time (at Seeking Alpha) Time Warner to spin off AOL, ending ill-fated deal [$$] Listen, But Don't Get Suckered `Faber: Inflation to 'Approach Zimbabwe Level'...` U.S. Weighs Single Agency to Regulate Banking Industry Yet Ignores Existing Laws, Prosecution, and Disgorgement in this Huge Fraud…Why (5-27) Britain's Debt Outlook Gets Bleaker: Same Implications for the U.S…how could anyone be surprised about that? Regulators shut 2 more, 35 and 36, failed banks this year in Illinois (AP) GM borrows $4 billion more, prepares for bankruptcy Job losses up in 44 states as recession drags on Florida's BankUnited fails, will cost FDIC $4.9B (AP) Regulators seize 34th bank failure of year Florida's BankUnited FSB (AP) Treasury Selloff Spiking Interest Rates GM bankruptcy seen near GM all but certain to file for Chapter 11 US Government to Take Up 70% Stake in GM FDIC Fund Running Dry Yahoo Finance | As the FDIC has had to step in to take over more and more insolvent banks, the fund has dwindled to dangerously low levels. At the same time, the number of problem banks continues to grow at a rapid pace. IRS tax revenue falls along with taxpayers’ income USA Today | Federal tax revenue plunged $138 billion, or 34%, in April vs. a year ago — the biggest April drop since 1981. (5-26) fake consumer confidence reading 30+% better than private estimate sucker-rallies stocks , Current Recession Is Tracking the 1930s Bear Market , Another Bottom for Stocks Coming: Rogers (at CNBC) , The Sleepwalkers' Rally , Rogers Echoes Warning Of “Sucker’s Rally” , don’t forget that the suckers rally stock prices accounted for the very modest but ephemeral uptick in leading indicators Dallas Federal Reserve: Unfunded Pension and Health-Care Liabilities Exceeds $99 Trillion Dollars ) , (5-22) Regulators shut 2 more, 35 and 36, failed banks this year in Illinois (AP) GM borrows $4 billion more, prepares for bankruptcy Job losses up in 44 states as recession drags on Bill to Audit Fed Wisely Gains Serious Momentum U.S. to Steer GM Toward Bankruptcy Gold tops $960 for first time in two months as dollar weakens South Afica gold coin demand hits all time high Peter Schiff called “Extremist” by Time Magazine Geithner Vows to Cut U.S. Deficit on Rating Concern…riiiiight!…con Gold Poised for Third Weekly Gain as Dollar Slumps Against Euro “The Odds on the Dollar, Treasury Bonds and the U.S. Government’s AAA Grade All Heading for the Dumpster are Shortening” (5-21) Britain's Debt Outlook Gets Bleaker: Same Implications for the U.S…how could anyone be surprised about that? GMAC receives $7.5 billion in new Treasury aid (AP) Dollar hits '09 low on rating fears; stocks dip (Reuters) U.K. to Lose AAA Rating at S&P as Finances Weaken U.S. Stocks Decline on Jobless Claims, greenspan, who helped create the debacle and should thereby know, Warning Gold May Test $1,200 (5-20) The Weimar Hyperinflation is Happening Again! With fed printing/creating like mad, what did they expect? Rogers Echoes Warning Of “Sucker’s Rally” Green Shoots: Too Small, Too Far Apart The Sleepwalkers' Rally Former head of pension agency takes the Fifth (AP) Global stocks slip, dollar tumbles after downbeat Fed Depression hits already defacto bankrupt Social Security hard Gold purchases up 36% as investors look to preserve wealth China Gold Reserves May Back Yuan Internationalization-Report 22 reasons why OBAMA will raise your taxes Federal debt is now $11.5 trillion. Add $1.4 trillion this year. That’s almost 100% of GDP. (5-19) Deficit surges at agency that insures pensions (AP) China and Brazil Plan to Dump Dollar HP's profit drops, more layoffs looming Japan logs record GDP drop Senator: More oversight needed at insolvent pension agency (AP) Inflating Our Way Out of This Mess? Why This Won't Work Japan's economy in record plunge Jim Rogers: Obama will Devastate the Economy This Economy Ain't Healed Yet (at Seeking Alpha) (5-18) Suckers’ rally (The Suckers Rally, Japan Style …high oil price rally…riiiiight! ) Bilderberg 2009 Attendee List (revised) Meanwhile: The Bilderbergers are advancing in Norway [ I realize that jones (who parenthetically it should be noted, hypocritically censored my comments) et als really overdoes this group’s (among others) effect on the u.s. , state of the world, etc.; truth be told, this group like most of the interest/pressure groups including the masses, in the u.s., etc., are no more than a just a bunch of fk-ups/vegetables who like the aforementioned multitudes have really ‘mucked things up’ (for lack of a more precise yet concise term) on this planet, probably irrevocably, and like the many home-grown fk-ups/vegetables, and in america particularly criminals, jones refuses to acknowledge as culpable for the many reasons he refuses to see, are but rather typically incompetent players contributing in there own very special eccentric, neurotic, sick, venal, corrupt, etc., way to this collective and cumulative result being this ever deflating (declining) ball of chaos /confusion /criminality called earth (there are exceptions to the foregoing, but in america, the same would be 5% or less) ]. Economy limiting services of local police Madoff Investors Probed by U.S. Prosecutors yet still not even one prosecution of the perpetrators of the largest scam/fraud in history foisted off on/funded by taxpayers Rep. Paul’s bill to audit Federal Reserve nets 165 co-sponsors is the first of what should be many necessary wise moves American Capitalism Gone With a Whimper The Shrinking American Consumer The Suckers Rally, Japan Style Gold likely to test $950 level this week `Blue collar males lose more ground; unemployment rate surges past national average...` (5-15)Highest credit card default rates in 26 years at 10+%, the real economy in terms of unemployment, income, and debt far worse than their rosy ‘green shoots’ scenario to help froth the market. Wall Street sags on oil; S&P ends worst week in 2 months Following Chrysler, GM slashing U.S. dealers “The Worst Is Yet to Come” Yahoo Finance | “If the consumer isn’t petrified, he or she is a damn fool.” (5-14)All news worse than expected, ie., weekly job losses higher than expected 637,000, wholesale inflation rate .3%, BEAR ALARM US ’sham’ bank bail-outs enrich speculators , The Secrets of the Federal Reserve Bob Chapman | A manmade disaster created by the Federal Reserve, banking and Wall Street, and these are the same corrupt group who our government has chosen to rectify the problem. The Economy Will Not Recover Until The Perpetrators Of Our Crises Are Held Accountable etc., It’s worth noting in a Wall Street Journal editorial hedge fund manager Andy Kessler said in no uncertain terms, “this sure smells to me a suckers rally,” largely because “there aren't sustainable, fundamental reasons for the market's continued rise.” I’m skeptical about this rally, reveals analyst Guy Adami. U.S. Economy: Retail Sales Unexpectedly Fall for Second Month GM, Chrysler to cut up to 3,000 dealers: sources (Reuters) U.S. Foreclosure Filings Hit Record for Second Straight Month Is Anyone Minding the Store at the Federal Reserve? Unemployment up to 8.9%, The Economy Will Not Recover Until The Perpetrators Of Our Crises Are Held Accountable , etc.. America is broke. How broke? NSN Money | Government obligations for Social Security and Medicare may soon exceed the combined net worth of every household and nonprofit organization in the country. Everyone is familiar with the old saying, "what goes up must come down." Certainly the stock market has mounted a serious challenge to this old saying since bouncing off its lows in March and continues to defy gravity…In the face of unrelenting bad news, the market has been climbing because the news is "less bad," Gentle Ben and his Merry Band of Feds see "green shoots" and the financial press continues an unrelenting mantra of "recovery lies just ahead." It seems like the markets will never stop climbing, but they will, because contrary to what you hear on CNBC and read in the financial press, the laws of gravity have not been repealed and it's still true that "what goes up, must come down."

…When measured in ounces of Gold, the DOW has been in a secular bear market since peaking in late 1999. (Click charts, courtesy of stockcharts.com, for full size image). The markets, measured by the S&P500 (S&P500 Charts) and DIJA (DJIA Charts), may have recovered to new highs in 2007, but the DOW:Gold ratio told a different, truer story of just how unhealthy the US economy was…

BEWARE OF THE SUCKER'S RALLY? ‘…Most recently, the S&P 500 soared 24 per cent over seven weeks ending in early January, only to plunge to a new low. It was a fairly typical sucker’s rally and bear markets often need more than one to create sufficient disillusionment for a definitive bottom. The 2000–2002 bear market had three, with average gains of 21 per cent in the Dow Jones Industrials over 45 days. The granddaddy of all bear markets, 1929 –1932, had six false alarms with an average gain of 47 per cent. And Japan’s ongoing bear saw the Nikkei rise by at least a third four times in its first four years with 10 more false dawns since then. Bear markets typically end with a whimper rather than a bang, casting doubt on the latest recovery according to Hussman Econometrics, which analysed numerous US market bottoms and bear market rallies. With the exception of the 1987 crash, the month before the lowest point of a downturn saw a gradual descent. By contrast, bear market rallies were preceded by steeper declines and had sharper rebounds. Another characteristic of bear market rallies has been modest volume on the rebound compared to the decline. The current recovery fits the pattern of bear market rallies in terms of volume and the “V” shape of the trough. Analysts at Bespoke Investment Group noted that there have been only seven other periods in the past 110 years with rallies of similar magnitude for the Dow. Three preceded the Great Depression, three came during the Depression and one in 1982…’
New record for continuing unemployment claims and as with all government data, adp data, etc., is fudged to whatever way necessary to help froth the market. Short-covering explaining part of what remains of this continuing suckers’ bear market rally and as admonished by analyst at Farr Miller is a bull trap. How about plain old bull crap! One analyst (Craig Brown) points out that we’re not at the bottom yet: excerpt-‘ I hate repeating myself, but I do not see the economy at bottom just yet, so in some respects I will keep repeating myself until either other people wake up to this reality or something changes to wake me up. The markets were down a bit yesterday and, according to Bloomberg, they were down due to fears of the stress test results. I don't fear them; I fear what they hide. I fear that a reported 10 out of 19 banks failed when the tests were not at all stringent enough. I fear that the government will soft-pedal the results to make them bad enough to have a tad of credibility but not so bad that people run for the exits. Don't buy my word for it, others are saying the same, including Nouriel Roubini. Nouriel has been complaining for weeks on how the worst case scenario in the stress tests is already rosier than reality.’ Some perspective from Sajal… Excerpts – ie., …Mark Hulbert: That bullish bandwagon. Commentary: Some sentiment measures showing too much optimism Art Cashin: "This rally is still somewhat suspect. Albert Edwards : "Despite one of the biggest economics and profit collapses in history, US stocks have failed to get cheap in the same way that they have in Europe or Japan. My concern is that the US equity bear market has not yet fully played out. "The current pop in the market is not dissimilar to the many bear market rallies between 1929-1933, where signs of economic stabilisation were met with 25% plus rallies... This optimism was subsequently crushed." Charles Allmon … He still thinks the stock market could decline to 3,200-4,200 on the Dow by 2011-2012 -- and that it could cross the price of gold. Jim Bianco: "I don't think we are getting out of this for a long while. This has been a lousy stock rally. … …traders living in a fool's paradise if they continue to drive the markets higher by buying stocks based on earnings that are down, say, 50 percent from this time last year, only because they're not down 75 percent… Diane Garnick, investment strategist at Invesco...In an interview on Tech Ticker, Garnick says that companies are beating earnings expectations in the first quarter by Draconian cost-cutting, an unsustainable strategy for long-term growth. More importantly, although companies are beating profit estimates, thanks to the cost-cutting, they are missing expectations for revenue, she says. Further, cost-cutting via layoffs hurts the economy as a whole, Garnick argues, because the unemployed spend less money… U.S. Economy: GDP Shrinks in Worst Slump in 50 Years "You have to balance hope with reality," says Doug Sandler, chief equity officer at Riverfront Investment Group. Sandler tells Andrew O'Day "this is a good example of a year where you probably have a lot of hope early, then the reality coming through…” …[The upshot is that the fraud continues in churn-and-earn fashion with investors, taxpayer, etc., getting burned for the sake of wall street greed/fraud. The lunatic wall street frauds’ desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc. - Analyst Andre Egleshion puts the amount at $600+trillion) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc.]. U.S. Economy in 2nd Straight Quarter of Steep Decline "You have to balance hope with reality," says Doug Sandler, chief equity officer at Riverfront Investment Group. Sandler tells Andrew O'Day "this is a good example of a year where you probably have a lot of hope early, then the reality coming through Wall Street sags on oil; S&P ends worst week in 2 months Following Chrysler, GM slashing U.S. dealers SEC lawyers probed for insider trading GM, Chrysler to drop 1,900 dealers by end of 2010 The Financial Storm Obama Says U.S. Long-Term Debt Load ‘Unsustainable’ “The Worst Is Yet to Come” China’s yuan ’set to usurp US dollar’ as world’s reserve currency Former Treasury Official who Devised Formula for Rate-Setting Based on Outlook for Inflation and Growth Warns that Inflation Looms, Slams Fed Policy Dr. Doom: Capitalism Could Fail Like Communism New York Fed: Most Powerful Financial Institution You’ve Never Heard Of along with the missing $4 trillion you’ve never heard of Home Prices Drop Most on Record... Federal Hiring Frenzy......average pay $75,419 A Coming Flood of Equity Issuance, aka The Dilution Solution Fed cut banks' deficits after negotiations: sounds like a plan…riiiiight!…report Buffett's Berkshire has first loss since 2001 Are stocks a loser's bet?YES! Deficits soar even with rosy assumptions in new Obama budget... America is broke. How broke? White House forecasts higher budget deficit US red ink rising even higher, to $1.8T Deficits soar even with rosy assumptions in new Obama budget... STIMULUS WATCH: Early road aid leaves out neediest; Auditors can't track transportation funds... Gas price jumps to 6-month high... Six GM executives sell more than 200,000 shares John Hussman: Post Crash Bubbles …Unfortunately, “fear” lows are only evident in hindsight, because as we saw in 2008, a deeply oversold market can become spectacularly more oversold before recovering, and the “fast, furious” spikes off of those lows are often followed by steep failures.... Fed Inspector General Claims She Does Not Know Where Trillions Went Rep. Alan Grayson | Inspector General Elizabeth Coleman responds that the IG does not know and is not tracking where this money is. Recovery? What Recovery? Newsweek | Don’t tell me that the economy is getting better, or has even hit rock bottom. Prospects of a quick economic recovery are but fool’s gold Boosting The Dying Dollar With A False Rally Suckers rally sets up the unwinding of the market, Rally just like in 1933, wealth producers becoming impoverished, Fed officer busted for fraud, troubles in the Economy are far beyond fixing, interdependence of banks around the world expected to worsen economic problems. New York Fed chairman Friedman abruptly resigns BEWARE OF THE SUCKER'S RALLY? Betrayal of the People By Wall Street, Banks, and Government FLASH: Treasury Borrows Record $361 Billion for 2nd Quarter... The Great Geithner Coverup Obama Maintains His Perfect Batting Average for Appointing Failed Insiders to Key Economic Posts Secretary of Labor Reich: Unemployment Numbers Show We’re Already In a Depression

Corporate CFR Members Get Most of the Bailout Money New American | Treasury Secretary Timothy Geithner served as a staff member of the New York City-based Council on Foreign Relations before being hired in 2003 to head the New York City branch of the Federal Reserve Bank.Watch out for the fake government stress tests (they lie about everything!). Note the delay in the rollout. Bank analyst Cassidy says bank plan a failure. Business week business analyst /reporter says (tongue in cheek) the optimism (irrational exuberance) must be the advent of spring and the birds chirping (in the heads of the wall street lunatic/frauds…cukoos). Analysts/Economists comments include: slow release of stress test results, details and accuracy of data crucial for stress tests (good luck!), things have not bottomed out but pace of decline has slowed somewhat, bleak outlook for GM, Chrysler and bankruptcy probably necessary because of legacy costs, and public pension funds with ridiculously rich benefits the next shoe to drop. Oxdown Gazette sums up the crucial story | ‘The 12 trillion that is being floated to insolvent US banks is essentially being looted in the paper economy’ (ie., churn and earn by wall street fraudsters who must be prosecuted and forced disgorgement/forfeiture in the massive securities fraud that still goes unmentioned though the source of this economic debacle, etc.). Four more banks closed by regulators, this years closures exceeding all of 2008 as depression continues John Letzing, MarketWatch April 24, 2009 SAN FRANCISCO (MarketWatch) -- Four banks in Georgia, Michigan, California and Idaho were closed by regulators Friday, costing the Federal Deposit Insurance Corp.'s deposit insurance fund nearly $700 million as the effects of the credit crisis continued rippling throughout the U.S. economy. Kennesaw, Ga.-based American Southern Bank marked the 26th bank failure of the year and the fifth in the state of Georgia, the FDIC said. Farmington Hills, Mich.-based Michigan Heritage Bank then became the 27th failure of 2009, followed by the closure of Calabasas, Ca.-based First Bank of Beverly Hills. Alpharetta, Ga.-based Bank of North Georgia has agreed to assume American Southern Bank's deposits, the FDIC said in a statement…

All reasons for previous reality plunge have been previously covered and warned of here in real time; ie., new meaningless FASB accounting standards which wall street frauds rallied on now have sold off on, worse to come in credit defaults/losses, leading indicators down again, etc.. April 17 (Bloomberg) -- David Tice, the chief portfolio strategist for bear markets at Federated Investors Inc., said the Standard & Poor’s 500 Index will probably plunge about 62 percent. He spoke during a Bloomberg Television interview today. The Federated Prudent Bear Fund that he founded returned 6.7 percent last year as the S&P 500 plunged 38 percent, the most since 1937. Tice said the benchmark index for U.S. stocks may slump to about 325. It closed today at 865.30. The measure has surged 28 percent since March 9, the most in five weeks since the 1930s. SUCKER'S RALLY APPROACHING AN END by Peter Cooper: Whatever the technical reason for the 25 percent rise in the S&P over the past five weeks, or a more modest eight percent bounce in GCC regional stock prices, the absurdness of this sucker’s rally ought to be obvious to all. Unemployment is still rising, house prices are still falling, and the fundamentals of bank balance sheets are still deteriorating with total bad debts unknown except that we know they must be getting worse. Global trade fell off a cliff in the first quarter of the year. Even Mercedes car sales to the oil rich of the GCC fell 23 per cent. The collapse of the world’s second largest economy, Japan, has been unprecedented.
Bad news coming … The stock market pattern in 2008-9 has so far been a mirror image of the crash of 1929-30 with a halving of prices from the autumn followed by a 25 per cent rally from March lows. In April 1930 stocks moved sideways and then they crashed another 50 per cent into the summer… New record continuing unemployment claims in excess of 6 million, -11% for new home sales (unexpected but stocks and even homebuilders rallied), Bloomberg reports $13 trillion (much unaccounted for) taxpayer/bailout funds spent/lent/stolen by who knows what/where/how (ie.,replace stolen funds?, etc.), second largest mall co. to bankruptcy with more to come along with more commercial real estate foreclosures. ‘…initial claims for the week ending April 11 totaled 610,000, which is down more than expected from the prior week, but continuing claims climbed more than expected to a new record of 6.02 million. Separately, housing starts disappointed investors hoping to find signs of a recovery in home building. Housing starts for March totaled 510,000, which was below the 540,000 starts that were expected and down from the prior month. Meanwhile, building permits in March totaled 513,000, which is below the 549,000 permits that were expected, down from February…’

SUCKER'S RALLY APPROACHING AN END by Peter Cooper: Whatever the technical reason for the 25 percent rise in the S&P over the past five weeks, or a more modest eight percent bounce in GCC regional stock prices, the absurdness of this sucker’s rally ought to be obvious to all. Unemployment is still rising, house prices are still falling, and the fundamentals of bank balance sheets are still deteriorating with total bad debts unknown except that we know they must be getting worse. Global trade fell off a cliff in the first quarter of the year. Even Mercedes car sales to the oil rich of the GCC fell 23 per cent. The collapse of the world’s second largest economy, Japan, has been unprecedented.
Bad news coming
… The stock market pattern in 2008-9 has so far been a mirror image of the crash of 1929-30 with a halving of prices from the autumn followed by a 25 per cent rally from March lows. In April 1930 stocks moved sideways and then they crashed another 50 per cent into the summer. What possible reason is there for optimism to believe that history will not repeat itself? Government stimulus packages have more than likely been too small and too late to prevent another down leg in stocks, and will take time to revive the real economy, if indeed they can do so. They might just stop the worst possible scenario but are they going to prevent the plunge downwards? Governments have not managed it so far.
Consumers and unemployment
…It will take more than weasel words from US bankers and ‘green shoots’ in the waffle of President Obama to put things right. Eventually global stock markets will reach a bottom but they are not close to having visited it just yet. Wall Street and its friends are playing investors as suckers but they are in danger of overdoing it. For once these guys are impoverished where will the next bunch of fools come from? Goldman Sachs' (GS) results this week might well mark the top of the rally, beyond that the only way is down.

Industrial production down –13%, most since WW2. The wall street frauds celebrate increase real estate sales…on increased foreclosures…riiiiight! U.S. foreclosure filings jump as moratoriums end US foreclosures up 24 percent in 1st quarter Jim Rogers Says Investors Should Expect More Bottoms Still not one prosecution as new churn and earn fraud/bubble begins with taxpayer bailout funds (old reliable foggy/sell the sizzle tech sector now the wall street frauds’ refuge-remember the dot com bust, etc.). BULL ST STORIES FOISTED AS B.S. TALKING POINTS FOR CONTINUING FRAUD/SPIKE IN STOCK PRICES FOR CHURN AND EARN COMMISSIONING: WELLS FARGO RECEIVED $25 BILLION TAXPAYER MONEY/BAILOUT FUNDS AND SHOWS (RECORD FOR THEM?) $3 BILLION QUARTERLY PROFIT- GOLDMAN RECEIVED $10 BILLION PLUS UNDISCLOSED FED/ ULTIMATELY TAXPAYER MONEY AND REPORTS QUARTERLY $1.8 BILLION PROFIT - MORGAN CHASE RECEIVED $25 BILLION AND REPORTS QUARTERLY $2+ BILLION PROFIT – CITI RECEIVED $25 BILLION AND REPORTS QUARTERLY $1 BILLION LOSS - BANK OF AMERICA RECEIVED $45 BILLION AND REPORTS QUARTERLY $3+ BILLION PROFIT AND SETS ASIDE $13 BILLION FOR LOAN LOSS RESERVES – MORGAN STANLEY RECEIVED $10 BILLION AND REPORTS QUARTERLY $1 BILLION LOSS - DO THE MATH (FIRST GRADE ELEMENTARY SCHOOL KIDS COULD DO AS WELL, AND FOR FAR LESS PAY) - AT THAT RATE, TAXPAYERS WILL SOON HAVE NOTHING LEFT FOR THEM TO TAX! WHAT FRAUDS! The Great Geithner Coverup WHAT TOTAL BULL ST! …[The upshot is that the fraud continues in churn-and-earn fashion with investors, taxpayer, etc., getting burned for the sake of wall street greed/fraud. The lunatic wall street frauds’ desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc. - Analyst Andre Egleshion puts the amount at $600+trillion) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc.]. U.S. Treasury asking banks keep quiet on stress tests New unemployment claims at high 654,000 praised as positive number… riiiiight! …as continuing unemployment claims at record 5.84 million (real numbers even worse). Economy so bad that consumers can’t buy goods so trade deficit shrank but this is a structural defect in u.s. economy so not good news and consistent with bad news of still plunging retail sector. Najarian points out that wall street always a circus, consolidation, robbing peter to pay paul, take profits; while economist cite Reich that we’re in depression and government as in land of fruits and nuts out of control. Earnings revised downward for first quarter –36.5%, more weakness, more unemployment, inflation to come on fast says Hogan, and insurance companies now que up at corporate welfare/taxpayer bailout lines. In positing (suckers’) bear market rally and advocating hold cash/sell stocks Hillary Kramer points to the preposterous on wall street where bad news greated as good vis-à-vis stocks (they call what wall street does ‘fraud’…in a rational world where they would already be in jail). Madman Cramer – the ultimate contrarian indicator - CRAMER'S CALL: ANOTHER RALLY TOP INDICATOR Greg Feirman Wow, the bulls are really feeling good. “Wells Fargo Carries The Day” and the S&P and Dow closed at 2 months high and the Nasdaq is near its highs for the year. On Mad Money this evening, Cramer went so far as to call “a turn in the economy”, saying “the facts have changed”, “the situation has clearly improved” and “things are getting better”. This isn’t the first time Cramer has called a bottom and he’s been wrong before (For example, see “Cramer Declares The End Of The Bear Market” , Top Gun FP, July 31, 2008). The market topped out a couple weeks later. On Monday October 6, Cramer went on the today show and told people to sell any stock money they might need in the next five years. The market bottomed that Friday. It could run another couple weeks but this rally is running thin. Methinks me smells a top….. Rational View Courtesy of ETF.COM: ‘…Due to our expectations of continued weakness in the financial sector, the looming deterioration of commercial real estate, the credit markets tepid backing of the equity rally, and the still very shaky and highly volatile global economy, it's our view at ETFdesk.com the recent run-up in stocks is unwarranted and presents an overly optimistic view of the months ahead. We believe investors should consider taking short term profits or use the recent run to reduce equity exposure they are weary of. We also believe investment grade debt (NYSEArca: LQD - News) represents an opportunity for investors seeking beaten down prices without the downside volatility of equities…

THE FOLLOWING AT LEAST TO PREVIOUS (7-6-09) IS MUST READ:

SELLER

Madman Cramer – the ultimate contrarian indicator - CRAMER'S CALL: ANOTHER RALLY TOP INDICATOR Greg Feirman Wow, the bulls are really feeling good. “Wells Fargo Carries The Day” and the S&P and Dow closed at 2 months high and the Nasdaq is near its highs for the year. On Mad Money this evening, Cramer went so far as to call “a turn in the economy”, saying “the facts have changed”, “the situation has clearly improved” and “things are getting better”. This isn’t the first time Cramer has called a bottom and he’s been wrong before (For example, see “Cramer Declares The End Of The Bear Market” , Top Gun FP, July 31, 2008). The market topped out a couple weeks later. On Monday October 6, Cramer went on the today show and told people to sell any stock money they might need in the next five years. The market bottomed that Friday. It could run another couple weeks but this rally is running thin. Methinks me smells a top…..

Rational View Courtesy of ETF.COM: ‘…Due to our expectations of continued weakness in the financial sector, the looming deterioration of commercial real estate, the credit markets tepid backing of the equity rally, and the still very shaky and highly volatile global economy, it's our view at ETFdesk.com the recent run-up in stocks is unwarranted and presents an overly optimistic view of the months ahead. We believe investors should consider taking short term profits or use the recent run to reduce equity exposure they are weary of. We also believe investment grade debt (NYSEArca: LQD - News) represents an opportunity for investors seeking beaten down prices without the downside volatility of equities…’

Art Hogan recently summed up choosing stocks in this environment thusly: ‘pick the best-looking horse at the glue factory’…..I think he was as a courtesy to his industry overly generous. The administration pitches hardballs to the auto industry while continuing to pitch powder puffs to the wall street frauds who have perpetrated the largest (securities) fraud in recorded history, turning a cyclical downturn into what is now unavoidably depression, putting beleagered taxpayers in the unfathomable position of funders/guarantors of the scam/fraud in bailing out the perpetrators of the crimes (bush’s infamous base) who have financially benefited enormously (fees, commissions, spreads, points, salaries, expenses, bonuses, etc.) from their fraud/crimes. Still not even one prosecution from this administration even though disgorgement, the legal remedy among other criminal penalties, would aid the defacto bankrupt u.s. treasury!
ON WHETHER BEN BERNANKE HAS REDEEMED HIMSELF AND WHAT THAT MEANS FOR STOCKS:

I do not think so. On the contrary, I think what the government is doing and its economic "dream team" under Mr. Bernanke and Mr. Geithner and Mr. Summers are going to be, from a longer term point of view, rather negative.
But, you understand, we can all sit here and say it will all end in disaster. That I'm sure. But, in the meantime, we can have big moves in markets.

On the new bad assets purchase plan:

I think he's doing the politically expedient thing from a very short term perspective. If you have cracks in your walls and just put paint on it, it will hide them and then you sell your house. But it won't solve the problems of the cracks - it's the next owner and these are the children of the current taxpayer who will pay for it. Marc Faber: 'It Will All End in Disaster'

China calls for new global currency (AP) Why Goldman Sachs Should Return Its TARP Money (at Seeking Alpha) Marc Faber: 'It Will All End in Disaster' Congresswoman presses Geithner on connections to Goldman Sachs Gerald Celente Predicts Economic Armageddon by 2012 Geithner Plan Will Rob US Taxpayers: Stiglitz

It bears repeating, so preposterous was 3-23-09 Pavlov dogs rally [conditioning to associate what’s good for fraudulent wall street, viz., privatizing profits – still not one prosecution for what now is the largest fraud/scam/swindle in the history of this planet – and socializing the losses, is somehow positive for america/the economy by the magnitude of this suckers’ bear market rally and prior market manipulations] when the same created the instant crisis in the first instance (don’t worry about the frauds on wall street, they’ll get their commissions again on the way down as they did in creating this financial debacle/fraud as they clamor for more taxpayer/treasury money). They’re still printing/creating those worthless Weimar dollars like mad, China Urges New Money Reserve to Replace Dollar ,don’t know what they’re doing, are clueless, and disingenuously seek to divert attention from the missing/stolen/bilked $14 trillion of taxpayer money with the subterfuge of outrage over the relatively miniscule though not unimportant million dollar bonuses (AIG, etc.), so-called fixes/plans, etc., so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! What the Pros Say: US Is Now ‘Bankrupt’ US is Already Bankrupt: Analyst U.S. Budget Office offers darker economic and deficit outlook The Geithner-Summers-Bernanke Plan to Prop Up Asset Prices Has Failed U.N. panel says world should ditch dollar

Fierman: How quickly things change…..
Some stats from today’s rally:
S&P: +54 (7.1%) to 823
Dow: +497 (+6.8%) to 7776
NYSE Up Volume: 1,866,836,012
NYSE Down Volume: 44,683,760
NYSE Total Volume: 1,914,836,622
It was just 2 weeks ago (March 9th) that the S&P closed at 12-year lows and the stock market felt like it was forecasting the end of the world. We’ve now rallied 22% in 2 weeks! But if we look at the catalysts for this rally, they really don’t seem to justify such an explosive move. Citi said they were profitable in the first two months of the year and JP Morgan (JPM) and Bank of America (BAC) said they were too. The Fed initiated some serious quantitative easing. And now Geithner’s toxic asset plan this morning. I agree with the Capital Spectator when he wrote this morning:

We’re skeptical largely because the rally this month has drawn power primarily from a new round of hope that Washington’s various experiments to right the economy will finally hit pay dirt. Perhaps, but it’s not the stuff that powers sustainable rallies, much less secular bull markets. We’re Sellers of This Rally!

Lawrence York

‘Treasury Secretary Geithner has released his plan to mop-up the toxic assets held by banks that threaten their solvency and the global financial system. Accordingly, the plan purposes that private equity firms partner with the Fed to purchase bank assets at some discount set by the private firms at auction. Then the Fed will leverage the purchase six-fold to buy more bank assets and assume all the risk of leverage. In other words, private firms will set the price and then put up half the initial purchase price. The Fed will then put up non-recourse loans to purchase six times more debt at the same price to be owned by the joint venture partners. If the deal works private equity splits the booty equally. If the deal fails, the government loses upwards to six times taxpayer's money and private equity loses only its original equity match equal to 1/6 the total loss.

Flabergasted? Don't be. How often can you cut a deal where you get to set the price and your partner puts in six times your money and you split the profit. IF THESE DEAL TERMS DON'T UNDERSCORE WHY THE GOVERNMENT SHOULD NOT HANDLE YOUR MONEY AND WHY THE GOVERNMENT SHOULD STAY OUT OF BUSINESS, WHAT DOES? Other deal terms are that the Fed will designate the private equity players, at least initially. Could it be that the Fed is creating another pass-through mechanism to simultaneously bail out or reward its friends? If so, look for Goldman Sachs (GS), Merrill, Blackstone (BX), Carlye Group, Texas Pacific Group, and perhaps Bear Stearns to be players. Look also for the typical MOS of some Structured Investment Vehicle, not much different from the Maiden Lane III SIV, to backstop or divert money where it needs to be--by gratuitous selection that is. Oh, and never mind that Private Equity may be joined by the Libyan Investment Authority (LIA and Private Equity article by Financial Times) as Private Equity at present is having a bit of a liquidity crunch with their own deflated, illiquid assets. In short, the Geithner Toxic Asset Plan is just another bank bailout and footnote to this era of 'Dark Capitalism" where profits are reaped and losses socialized in an ever transparent way.’

Trevisani: ’…The beginning of quantitative easing calls all three ideas in question; it increases the supply of dollars effectively lowering US interest rates well below Europe’s; the need for such an unprecedented step undermines the hope for a US recovery; and a devaluing dollar cannot be a safe haven. Add the projected Federal deficits and the dollar begins to look very vulnerable. If the Europeans go down the same quantitative road then the dollar’s disabilities may be matched by the euro’s. But if they are not, then the Bernanke dollar call may not be an option to buy but a call to sell…’ China and most of the financial world outside the u.s. agrees with the latter. China Urges New Money Reserve to Replace Dollar Kremlin to Pitch New Currency...

EMBRACE THE BEAR By Rev Shark There is an old saying that in a bear market, we slide down the slope of hope. Unfortunately, we have seen plenty of good examples of how that works over the past year. We have had dozens of new initiatives to try to bolster the economy that create hope for a few days. The market will get excited and we'll have some big point gains, but then doubts begin to surface about how easily it will be to turn this economic supertanker that is going over a waterfall. The buying stalls out, a few dip-buying attempts are made, but eventually we break support levels and more downside ensues. That is classic bear market action but the standard Wall Street reaction is to not accept it…[The upshot is that the fraud continues in churn-and-earn fashion with investors, taxpayer, etc., getting burned for the sake of wall street greed/fraud. The lunatic wall street frauds’ desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc. - Analyst Andre Egleshion puts the amount at $600+trillion] …INVESTORS …..FOOLED (at least today) By Rev Shark …..realization that economic stimulus isn't going to be nearly as simple or easy (or effective) as it sounds. We aren't going to spend our way out of this economic spiral …We'd probably be better off if the government did less rather than more. The great likelihood is that the unintended consequences we suffer will prolong the whole cycle. We have to let some bad businesses and financial institutions fail…

HERE’S THE REAL DEAL:
SUMMARY/RECAP OF LORIMER WILSON 3-17-09 ANALYSES/REVIEW
Harry Dent, Jr.
Economy will be in a Depression by 2011
The worst of this next depression is likely to hit between mid-2010 and mid-2013, especially around early 2011, but if the banking system continues to implode a deep downturn or depression could begin sometime in 2009 instead of 2010.
Dow will Fall to 3,800 – 4,500 by 2012
Nasdaq will Fall Below 1,100, its 2002 low, by late 2010 or mid-2012 at the latest.
Inflation will Increase until mid- 2010 and then turn to Deflation
Interest Rates will Increase
U.S. Dollar will Decline
Housing will Decline by 40 – 60% from Today’s Levels
Greatest Economic and Banking Crisis since the 1930s will Occur Between 2010 and 2012

Russell Napier is the author of the book “Anatomy of the Bear”, a professor at the Edinburgh Business School and a consultant to CLSA Ltd. which is one of the top research houses in Asia. Napier’s research indicates (and I paraphrase) that:
The S&P 500 will Decline to 400 by 2014 (the Dow 30 to 3800)
The S&P 500 will then undergo a major crash that will see U.S. equity prices bottom at almost 50% below current levels (i.e. to 400 or less; the Dow 30 to 3800 or less) sometime around 2014 as Tobin’s “q” drops to 0.3 signaling the end of the bear market, as it has done at the end of the four largest U.S. market declines in 1921, 1932, 1949 and 1982.
U.S. Treasury Sales Could Collapse Leading to End of U.S. Dollar as Reserve Currency

Robert R. Prechter Jr. is author of a number of newsletters and books including “Elliott Wave Principle” (1978) in which he predicted the super bull market of the 1980s; “At the Crest of the Tidal Wave – A Forecast of the Great Bear Market” (1995) in which he predicted a slow motion economic earthquake, brought about by a great asset mania, that would register 11 on the financial Richter scale causing a collapse of historic proportions; and “Conquer the Crash: You can Survive and Prosper in a Deflationary Depression” (2002) in which he described the economic cataclysm that we are just beginning to experience and advised how to position one’s self financially during that period of time.
Depression is Imminent
The Dow Jones Industrial Average will go down to at least 1000, most likely to below 777 which was the starting point of its mania back in August 1982, and quite likely drop below 400 at one or more times during the bear market.

Regulator: Before Banks Collapsed, They Pleaded With Feds To Let Them Fudge Their Books Ryan Grim | Before financial institutions collapsed, they went to the Financial Accounting Standards Board, pleading for a change in mark-to-market accounting rules so that they can continue to appear to be solvent on their balance sheets and hence, continue to defraud the public as they are now once again trying to do. This says it all! Will FASB remain viable by resisting fudge/fraud factor. Suckers’ bear market rally ( Citigroup Inspired Bear Market Suckers’ Rally ) to keep the suckers suckered and commission dollars flowing to the frauds on wall street

Why we think this is a (suckers’) bear market rally:

Citing 13 reasons that the bear will continue in spite of this rally seems appropriate.

1. Current P/E: the current 20+ P/E on trailing “as reported earnings” is too high for this set of negative sales, earnings and dividends growth conditions.

2. Forward P/E: the projected 2010 S&P 500 earnings by Standard and Poor’s at about $40 would only support 800 at best (20 P/E), and more likely would support 600 (15 P/E), assuming there was a general recovery under way — before that time, the current market should sell for less than 800, and perhaps less than 600.

3. Earnings: profits are still declining in the aggregate

4. Dividend Yield: banks and other companies continue to cut dividends, reducing stock appeal and putting total return in question until dividends stabilize and begin to grow (historically dividends generated about 1/3 of total return for the S&P 500)

5. Revenue: overall sales are down — declining sales, earnings and dividends are not reasons for bullish markets.

6. World GDP Growth: credible parties (Goldman Sachs, IMF, and noteworthy individuals, such as Nouriel Roubini, predict worsening global economies) — until forecasts for improvements within 12 months or less for the US or world economies become prevalent, the market is unlikely to “anticipate” with a sustainable trend reversal to a bull

7. Government Intervention: the US and global economies are currently highly government policy dependent, and while policies are becoming more clear, they are not all revealed, and there are suggestions more may be needed — the resulting uncertainty warrants low valuation until government policies to “save” and “stimulate” economies are no longer the centerpiece of investor hopes and earnings prospects

8. Real Estate: the US and global real estate asset deflation continues with waves of negative impact on household and institutional wealth — until property prices stabilize, or are believed to be about to stabilize, a new bull market will have difficulty gaining traction.

9. Other Bank Shoes to Drop: the major banks have not yet experienced likely future write-downs associated with non-mortgage asset types, such as credit cards and auto loans.

10. Auto Industry: the fate of GM, Chrysler and the entire supply chain is uncertain with unknown government involvement.

11. LBOs: private equity firms built on leverage may not be able to continue to service and rollover the debt they used to make recent optimistic acquisitions — those debts could be a further burden on the financial sector.

12. Retirees and Pre-Retirees: the 55 and over crowd who control the largest portion of US private assets are not as likely to risk their life accumulations in stocks relative to bonds as they were in the boom times of the last couple of decades — that will delay the onset of a bull and subdue the extent of a bull when it occurs

13. Credit Availability: the credit and leverage availability that helped the US stock market recover from the 2002-2003 bottom is not available at this time to increase household expenditures and corporate capital investment — even the US government may be put on credit rationing by China, which today said it is “worried” about the credit quality of their US Treasury holdings, which has implications about their willingness to support the borrowing our “stimulus” programs require and assume to be available. By Richard Shaw

Analyst Andre Egleshion points to continuing effect of credit default swaps and pegs the amount of the worthless, fraudulent (previously sold, commissioned, repackaged, resold, re-commissioned, etc.) securities at $600-$675 TRILLION, their continued effect on money pit AIG, that fed’s received $11.7 trillion since 2008 yet refuses transparency as to where funds spent, who received same, etc., agrees with comment that shockingly no prosecutions yet, economy re-tooling, need for stiffer regulation, points to historical fact that fiat currencies and private central banks have consistently failed, sees hyperinflation with dollar weakness (printed/created like mad) and higher oil. Hopes for funny assets [in addition to funny money, other fraud, relaxation of rules/laws/enforcement (real asset values) (remember the exemption from RICO garnered by fraudulent wall street-those campaign contributions really pay off, etc.) ], spur suckers’ bear market short-covering rally to keep the suckers suckered and commission dollars flowing to the frauds on wall street so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! NOW LISTEN HERE, FOR THIS IS TRUTH!: There is not enough money in the entire world to cover the fraudulent securities foisted/commissioned/ distributed/sold by the wall street frauds/perpetrators which if assumed/guaranteed by the u.s. government (don’t forget that social security/medicare are already technically insolvent/bankrupt - all monies/reserves going into the general account and already and continually spent) will only guaranty the insolvency of / worthlessness of the currency of the u.s. treasury. Cost to buy protection against U.S. government default surges Frank just said that he wants to prosecute those who’ve caused this crisis…waxman was supposedly doing just that in part (fog of war fraud-360 tons of $100 dollar bills stolen), etc…. If they don’t do this as said, among others, they should be forced resign as complicit. THERE IS NO MYSTERY HERE; HENCE, NONE SHOULD BE AFRAID TO LOOK, PROSECUTE, AND FORCE DISGORGEMENT! Celente: U.S. Has Entered “The Greatest Depression” …‘… Watch for fake reports and continued jawboning/spin/b.s. regarding bailout/stimulus as they are desperate yet remain protective of the criminals who caused the crisis with their fraud in staggering amounts far beyond the substantial scam by madoff ($50 billion) who now audaciously from his $7 million NYC penthouse seeks ownership of same along with $62 million (only in systemically fraudulent america). Why are they not seeking disgorgement from the criminals who benefited from the huge multi-trillion dollar fraud they perpetrated? No one yet has asked tiny tim geithner where the missing $4 trillion at the fed is…Why? Then there’s the $2 trillion in taxpayer money, the destination of which the fed refuses disclosure of…Fed Hides Destination Of $2 Trillion In Bailout Money …Why? How? This is criminal activity of monumental proportion, yet protected by the bureaucratic complicit frauds (I’ve experienced this directly in my RICO case), damaging lives here and abroad. Then there’s also the illegal wars, war-profiteering, war crimes, etc., that have bankrupted this nation, killed many innocents, etc., [remember, ie., the 360 tons of hundred dollar bills flown into Iraq that democrats/land of fruits and nuts henry waxman (doesn’t he look like a hedgehog or some other rodent) the lying fraud talked endlessly about while republicans were at the helm, yet nothing…no prosecutions…the frauds who stole that money should put same in the failed ‘stimulus fraud pot’…at the least, etc.]. An analyst previously said 2011-2014 earliest for bottoming at best. Another analyst previously pointed out there has been not one prosecution thus far and the frauds on wall street should be prosecuted and forced disgorgement. …[The upshot is that the fraud continues in churn-and-earn fashion with investors, taxpayer, etc., getting burned for the sake of wall street greed/fraud. The lunatic wall street frauds’ desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc. - Analyst Andre Egleshion puts the amount at $600+trillion) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc.]. Analyst Frank Cochrane looks ahead to 4,000 to 6,000 on the DOW, 700 to 900 on the NASDAQ, and 425 to 625 on the S&P, and says spending/stimulus programs will not work, a point on which he is correct and the low end of his ranges closer to reality. Not Just a Few Bad Apples - Corruption is Systemic in America In case you believe that there are only “a couple of bad apples” in the United States, here is an off-the-top-of-his-head (I could give many, many more including my RICO case) list of corruption by leading pillars of american society.

HOW MANY TIMES CAN THE WALL STREET FRAUDS, WITH CYCLICAL REGULARITY, DO THE SAME OR SIMILAR FRAUD WITH IMPUNITY (STILL NOT ONE PROSECUTION IN THE MOST RECENT MASSIVE SECURITIES FRAUD, BUT PLENTY OF OBFUSCATION EMANATING FROM THE PERPETRATORS AS WELL AS THOSE WHO SHOULD BE PROSECUTING /PURSUING THEM) NOW REFLATING THE STOCK MARKET BUBBLE BASED UPON NOTHING AT ALL (BAD NEWS,FRAUD AND BULL S**T), CHANGING ACCOUNTING RULES TO FACILITATE THE COMMISSIONABLE BUBBLE FROM WHICH THE SOURCE OF FUNDS TO EVEN PAY BACK LOANS TO AVOID SCRUTINY OF THEIR NEW FRAUD IS GENERATED [SAVINGS AND LOAN DEBACLE, DOT.COM SELL THE SIZZLE BUST /DEBACLE, RECYCLED /REPACKAGED /RESOLD /RECOMMISSIONED WORTHLESS COLLATERALIZED SECURITIES /PAPER (IN THE TRILLIONS YET STILL NOT ADDRESSED), ETC., THE FRAUDS ARE GETTING LARGER, HENCE THE RIDICULOUS TOO BIG TO FAIL MANTRA … HOW PATHETIC! … THAT MONEY HAS TO COME FROM SOMEPLACE, IE., PRINTING, CREATING, YOUR POCKETS, … NOT OUT OF THIN AIR! ]

PREVIOUS 7-6,2-09, PREPOSTEROUS WAS THIS SURGE IN THE LAST 20 MINUTES INTO THE CLOSE FOR SECULAR BEAR MARKET SUCKERS’ RALLY PROGRAMMED TO KEEP SUCKERS SUCKERED [ Insiders Exit Shares at the Fastest Pace in Two Years ] AND COMMISSION DOLLARS FLOWING [ Goldman Sachs on pace for record bonuses: report (Reuters) [$$] Big Pay Packages Return to Wall Street as new fraud gains steam (at The Wall Street Journal Online) ] BASED ON CONTINUED BAD NEWS ( ie., BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... America’s Effective Unemployment Rate at 18.7%? US loses 467,000 jobs, unemployment at 9.5% 'We're in the Middle of a Crash': Black Swan... (7-2)Seven more banks fail, bringing 2009 tally to more than double all of 2008 at a total thus far of 52; Private sector sheds another 473,000 jobs in June... US lurching towards ‘debt explosion’ with long-term interest rates on course to double Jim Rogers Sells Dollars, Plans to Short Treasuries ‘Sucker’s Rally Beginning To Unwind’ daaaah…? Calls grow to supplant dollar as global currency China officials call for displacing dollar, in time Tracking Two Depressions, 1929 and now this HOW MANY TIMES CAN THE WALL STREET FRAUDS, WITH CYCLICAL REGULARITY, DO THE SAME OR SIMILAR FRAUD WITH IMPUNITY (STILL NOT ONE PROSECUTION IN THE MOST RECENT MASSIVE SECURITIES FRAUD, BUT PLENTY OF OBFUSCATION EMANATING FROM THE PERPETRATORS AS WELL AS THOSE WHO SHOULD BE PROSECUTING /PURSUING THEM) NOW REFLATING THE STOCK MARKET BUBBLE BASED UPON NOTHING AT ALL (BAD NEWS,FRAUD AND BULL S**T), CHANGING ACCOUNTING RULES TO FACILITATE THE COMMISSIONABLE BUBBLE FROM WHICH THE SOURCE OF FUNDS TO EVEN PAY BACK LOANS TO AVOID SCRUTINY OF THEIR NEW FRAUD IS GENERATED [SAVINGS AND LOAN DEBACLE, DOT.COM SELL THE SIZZLE BUST /DEBACLE, RECYCLED /REPACKAGED /RESOLD /RECOMMISSIONED WORTHLESS COLLATERALIZED SECURITIES /PAPER (IN THE TRILLIONS YET STILL NOT ADDRESSED), ETC., THE FRAUDS ARE GETTING LARGER, HENCE THE RIDICULOUS TOO BIG TO FAIL MANTRA … HOW PATHETIC! … THAT MONEY HAS TO COME FROM SOMEPLACE, IE., PRINTING, CREATING, YOUR POCKETS, … NOT OUT OF THIN AIR! ] TYPICAL END OF QUARTER FRAUD/WINDOW DRESSING TO KEEP SUCKERS SUCKERED [ Insiders Exit Shares at the Fastest Pace in Two Years ] AND COMMISSION DOLLARS FLOWING [ Goldman Sachs on pace for record bonuses: report (Reuters) ] BASED ON CONTINUED BAD NEWS ( ie., BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... ,personal income up modest .2% and spending down, China calls for new reserve currency to supplant worthless dollar Dollar And Stocks Drop As China Calls For New Global Currency , continuing unemployment claims at or near record 627,000, weekly unemployment claims up 15,000, and GDP contraction –5.5%, all worse than expected (lennar wider than expected quarterly loss rallies stock…riiiiight!) Jobless claims rise; GDP dips in 1Q ; soothing words/b.s. from fed which previously predicted no recession that economy still contracting but that the contraction is somewhat slowing…what b**l s**t!…, analysts- buffet/economy in shambles, Hogan/negative GDP growth and inflation owing to debasement of the dollar as well as deficit spending/pump-priming in the trillions, joker stein/economy a mess and continued job losses, new home sales down .6%; U.S. Home Prices Drop 6.8 Percent in April as Foreclosures Rise foreclosure sales up 2.4%, prices down 17% year over year, [$$] Market Suffers Some Technical Damage Stocks tumble on bleak outlook for world economy U.S. regulators close their 40th bank of the year , Next Major Move In Stock Market Will Be Down world economy to shrink by worse than previously predicted 2.9% and big difference between not getting worse and getting better, market got ahead of itself, stalled out, still depression/more job losses, higher oil-gas prices / higher interest rates / heavy debt to pare down is 1-3 year drag on economy, even if believed (I don’t) the labor dept. far better than expected job numbers by increased debt (spending) to produce same is not economically sound or sustainable, viz., record spending with record low revenues, rating cuts for bank sector, analysts concur in significant 5-15% (reality says 15-25%) pullback/correction for stocks , institutional selling, industrial production/construction down 1.1%, housing starts allegedly up but if believed will only increase the plethora of unsold inventories, empire manufacturing index suffers unexpectedly severe decline…daaaah!, credit dard defaults at record high, analysts concur that fundamentals don’t support stock rally and that pac money(defacto bribes) might derail any meaningful reform/regulation which is of concern to the frauds on wall street who should be prosecuted, record loss of wealth, higher gas prices, job losses, higher interest rates / yields, higher commodity prices, higher deficits, hyperinflation, record continuing unemployment claims at 6.8 million, worthless Weimar dollar crashing, money supply exploding with hyperinflation/higher interest rates coming, budget deficit at new highs and trade deficit worse than expected, analyst who called crash says inflationary depression, banks passed stress tests only with the help of fraudulent change in accounting rules, banks still insolvent, toxic assets even more toxic, dollar falling and a lot lower to go, $100 + oil by end of year, Obama/bernanke continuing failed policies of bush greenspan, recommends getting out of Dodge and u.s. assets , new record for continuing unemployment claims, fed downgrades outlook that previously provided b.s. for suckers’ rally, record low for new housing starts, etc.) AND BULL S**T ALONE (ie., BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... , world economy to shrink by worse than previously predicted 2.9% and big difference between not getting worse and getting better, leading indicators up far more than expected … bull s**t …based in large part on inflated stock price component … more bull s**t … new reform with same old frauds say increased capital requirements and oversight of the overseers/rating agencies (riiiiight!…same old,same old - already have but no will to enforce existing laws, etc.), analyst who called crash says inflationary depression, banks passed stress tests only with the help of fraudulent change in accounting rules, banks still insolvent, toxic assets even more toxic, dollar falling and a lot lower to go, $100 + oil by end of year, Obama/bernanke continuing failed policies of bush greenspan, recommends getting out of Dodge and u.s. assets Insiders Exit Shares at the Fastest Pace in Two Years BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... foreclosure sales up, prices down , ‘SELL IN MAY AND GO AWAY’, so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!

PREVIOUS 7-1-09, SELL / TAKE ANY PROFITS IN THIS SECULAR BEAR MARKET SUCKERS’ RALLY PROGRAMMED TO KEEP SUCKERS SUCKERED [ Insiders Exit Shares at the Fastest Pace in Two Years ] AND COMMISSION DOLLARS FLOWING [ Goldman Sachs on pace for record bonuses: report (Reuters) [$$] Big Pay Packages Return to Wall Street as new fraud gains steam (at The Wall Street Journal Online) ] BASED ON CONTINUED BAD NEWS ( ie., BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... Job losses / job concerns realistically weigh on confidence, real estate values/prices continue downward trend as per Case / Shiller Index (-18.1%, -21% in california) Gerald Celente speaks on Cap and Trade and other handicaps to the US economy HOW MANY TIMES CAN THE WALL STREET FRAUDS, WITH CYCLICAL REGULARITY, DO THE SAME OR SIMILAR FRAUD WITH IMPUNITY (STILL NOT ONE PROSECUTION IN THE MOST RECENT MASSIVE SECURITIES FRAUD, BUT PLENTY OF OBFUSCATION EMANATING FROM THE PERPETRATORS AS WELL AS THOSE WHO SHOULD BE PROSECUTING /PURSUING THEM) NOW REFLATING THE STOCK MARKET BUBBLE BASED UPON NOTHING AT ALL (BAD NEWS,FRAUD AND BULL S**T), CHANGING ACCOUNTING RULES TO FACILITATE THE COMMISSIONABLE BUBBLE FROM WHICH THE SOURCE OF FUNDS TO EVEN PAY BACK LOANS TO AVOID SCRUTINY OF THEIR NEW FRAUD IS GENERATED [SAVINGS AND LOAN DEBACLE, DOT.COM SELL THE SIZZLE BUST /DEBACLE, RECYCLED /REPACKAGED /RESOLD /RECOMMISSIONED WORTHLESS COLLATERALIZED SECURITIES /PAPER (IN THE TRILLIONS YET STILL NOT ADDRESSED), ETC., THE FRAUDS ARE GETTING LARGER, HENCE THE RIDICULOUS TOO BIG TO FAIL MANTRA … HOW PATHETIC! … THAT MONEY HAS TO COME FROM SOMEPLACE, IE., PRINTING, CREATING, YOUR POCKETS, … NOT OUT OF THIN AIR! ] TYPICAL END OF QUARTER FRAUD/WINDOW DRESSING TO KEEP SUCKERS SUCKERED [ Insiders Exit Shares at the Fastest Pace in Two Years ] AND COMMISSION DOLLARS FLOWING [ Goldman Sachs on pace for record bonuses: report (Reuters) ] BASED ON CONTINUED BAD NEWS ( ie., BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... ,personal income up modest .2% and spending down, China calls for new reserve currency to supplant worthless dollar Dollar And Stocks Drop As China Calls For New Global Currency , continuing unemployment claims at or near record 627,000, weekly unemployment claims up 15,000, and GDP contraction –5.5%, all worse than expected (lennar wider than expected quarterly loss rallies stock…riiiiight!) Jobless claims rise; GDP dips in 1Q ; soothing words/b.s. from fed which previously predicted no recession that economy still contracting but that the contraction is somewhat slowing…what b**l s**t!…, analysts- buffet/economy in shambles, Hogan/negative GDP growth and inflation owing to debasement of the dollar as well as deficit spending/pump-priming in the trillions, joker stein/economy a mess and continued job losses, new home sales down .6%; U.S. Home Prices Drop 6.8 Percent in April as Foreclosures Rise foreclosure sales up 2.4%, prices down 17% year over year, [$$] Market Suffers Some Technical Damage Stocks tumble on bleak outlook for world economy U.S. regulators close their 40th bank of the year , Next Major Move In Stock Market Will Be Down world economy to shrink by worse than previously predicted 2.9% and big difference between not getting worse and getting better, market got ahead of itself, stalled out, still depression/more job losses, higher oil-gas prices / higher interest rates / heavy debt to pare down is 1-3 year drag on economy, even if believed (I don’t) the labor dept. far better than expected job numbers by increased debt (spending) to produce same is not economically sound or sustainable, viz., record spending with record low revenues, rating cuts for bank sector, analysts concur in significant 5-15% (reality says 15-25%) pullback/correction for stocks , institutional selling, industrial production/construction down 1.1%, housing starts allegedly up but if believed will only increase the plethora of unsold inventories, empire manufacturing index suffers unexpectedly severe decline…daaaah!, credit dard defaults at record high, analysts concur that fundamentals don’t support stock rally and that pac money(defacto bribes) might derail any meaningful reform/regulation which is of concern to the frauds on wall street who should be prosecuted, record loss of wealth, higher gas prices, job losses, higher interest rates / yields, higher commodity prices, higher deficits, hyperinflation, record continuing unemployment claims at 6.8 million, worthless Weimar dollar crashing, money supply exploding with hyperinflation/higher interest rates coming, budget deficit at new highs and trade deficit worse than expected, analyst who called crash says inflationary depression, banks passed stress tests only with the help of fraudulent change in accounting rules, banks still insolvent, toxic assets even more toxic, dollar falling and a lot lower to go, $100 + oil by end of year, Obama/bernanke continuing failed policies of bush greenspan, recommends getting out of Dodge and u.s. assets , new record for continuing unemployment claims, fed downgrades outlook that previously provided b.s. for suckers’ rally, record low for new housing starts, etc.) AND BULL S**T ALONE (ie., BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... , world economy to shrink by worse than previously predicted 2.9% and big difference between not getting worse and getting better, leading indicators up far more than expected … bull s**t …based in large part on inflated stock price component … more bull s**t … new reform with same old frauds say increased capital requirements and oversight of the overseers/rating agencies (riiiiight!…same old,same old - already have but no will to enforce existing laws, etc.), analyst who called crash says inflationary depression, banks passed stress tests only with the help of fraudulent change in accounting rules, banks still insolvent, toxic assets even more toxic, dollar falling and a lot lower to go, $100 + oil by end of year, Obama/bernanke continuing failed policies of bush greenspan, recommends getting out of Dodge and u.s. assets Insiders Exit Shares at the Fastest Pace in Two Years BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... foreclosure sales up, prices down , ‘SELL IN MAY AND GO AWAY’, so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!

PREVIOUS 7-1-09, 6-30-09, SECULAR BEAR MARKET SUCKERS’ RALLY TO END WELL OFF SESSION LOWS TYPICAL END OF QUARTER FRAUD/WINDOW DRESSING TO KEEP SUCKERS SUCKERED Job losses / job concerns realistically weigh on confidence, real estate values/prices continue downward trend as per Case / Shiller Index (-18.1%, -21% in california) Consumer confidence suffers steep fall... Home prices post 18% annual drop... Worldwide Depression: Review of Global Markets . Four banks fail, bringing 2009 tally to 19 more than all of 2008 at a total thus far of 44 Dollar Falls Most in Month as China Urges New Reserve Currency Gerald Celente speaks on Cap and Trade and other handicaps to the US economy HOW MANY TIMES CAN THE WALL STREET FRAUDS, WITH CYCLICAL REGULARITY, DO THE SAME OR SIMILAR FRAUD WITH IMPUNITY (STILL NOT ONE PROSECUTION IN THE MOST RECENT MASSIVE SECURITIES FRAUD, BUT PLENTY OF OBFUSCATION EMANATING FROM THE PERPETRATORS AS WELL AS THOSE WHO SHOULD BE PROSECUTING /PURSUING THEM) NOW REFLATING THE STOCK MARKET BUBBLE BASED UPON NOTHING AT ALL (BAD NEWS,FRAUD AND BULL S**T), CHANGING ACCOUNTING RULES TO FACILITATE THE COMMISSIONABLE BUBBLE FROM WHICH THE SOURCE OF FUNDS TO EVEN PAY BACK LOANS TO AVOID SCRUTINY OF THEIR NEW FRAUD IS GENERATED [SAVINGS AND LOAN DEBACLE, DOT.COM SELL THE SIZZLE BUST /DEBACLE, RECYCLED /REPACKAGED /RESOLD /RECOMMISSIONED WORTHLESS COLLATERALIZED SECURITIES /PAPER (IN THE TRILLIONS YET STILL NOT ADDRESSED), ETC., THE FRAUDS ARE GETTING LARGER, HENCE THE RIDICULOUS TOO BIG TO FAIL MANTRA … HOW PATHETIC! … THAT MONEY HAS TO COME FROM SOMEPLACE, IE., PRINTING, CREATING, YOUR POCKETS, … NOT OUT OF THIN AIR! ] TYPICAL END OF QUARTER FRAUD/WINDOW DRESSING TO KEEP SUCKERS SUCKERED [ Insiders Exit Shares at the Fastest Pace in Two Years ] AND COMMISSION DOLLARS FLOWING [ Goldman Sachs on pace for record bonuses: report (Reuters) ] BASED ON CONTINUED BAD NEWS ( ie., BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... ,personal income up modest .2% and spending down, China calls for new reserve currency to supplant worthless dollar Dollar And Stocks Drop As China Calls For New Global Currency , continuing unemployment claims at or near record 627,000, weekly unemployment claims up 15,000, and GDP contraction –5.5%, all worse than expected (lennar wider than expected quarterly loss rallies stock…riiiiight!) Jobless claims rise; GDP dips in 1Q ; soothing words/b.s. from fed which previously predicted no recession that economy still contracting but that the contraction is somewhat slowing…what b**l s**t!…, analysts- buffet/economy in shambles, Hogan/negative GDP growth and inflation owing to debasement of the dollar as well as deficit spending/pump-priming in the trillions, joker stein/economy a mess and continued job losses, new home sales down .6%; U.S. Home Prices Drop 6.8 Percent in April as Foreclosures Rise foreclosure sales up 2.4%, prices down 17% year over year, [$$] Market Suffers Some Technical Damage Stocks tumble on bleak outlook for world economy U.S. regulators close their 40th bank of the year , Next Major Move In Stock Market Will Be Down world economy to shrink by worse than previously predicted 2.9% and big difference between not getting worse and getting better, market got ahead of itself, stalled out, still depression/more job losses, higher oil-gas prices / higher interest rates / heavy debt to pare down is 1-3 year drag on economy, even if believed (I don’t) the labor dept. far better than expected job numbers by increased debt (spending) to produce same is not economically sound or sustainable, viz., record spending with record low revenues, rating cuts for bank sector, analysts concur in significant 5-15% (reality says 15-25%) pullback/correction for stocks , institutional selling, industrial production/construction down 1.1%, housing starts allegedly up but if believed will only increase the plethora of unsold inventories, empire manufacturing index suffers unexpectedly severe decline…daaaah!, credit dard defaults at record high, analysts concur that fundamentals don’t support stock rally and that pac money(defacto bribes) might derail any meaningful reform/regulation which is of concern to the frauds on wall street who should be prosecuted, record loss of wealth, higher gas prices, job losses, higher interest rates / yields, higher commodity prices, higher deficits, hyperinflation, record continuing unemployment claims at 6.8 million, worthless Weimar dollar crashing, money supply exploding with hyperinflation/higher interest rates coming, budget deficit at new highs and trade deficit worse than expected, analyst who called crash says inflationary depression, banks passed stress tests only with the help of fraudulent change in accounting rules, banks still insolvent, toxic assets even more toxic, dollar falling and a lot lower to go, $100 + oil by end of year, Obama/bernanke continuing failed policies of bush greenspan, recommends getting out of Dodge and u.s. assets Jim Rogers: “The Worst is Not Over” 6/9/2009 , new record for continuing unemployment claims, fed downgrades outlook that previously provided b.s. for suckers’ rally, record low for new housing starts, etc.) AND BULL S**T ALONE (ie., BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... , world economy to shrink by worse than previously predicted 2.9% and big difference between not getting worse and getting better, leading indicators up far more than expected … bull s**t …based in large part on inflated stock price component … more bull s**t … new reform with same old frauds say increased capital requirements and oversight of the overseers/rating agencies (riiiiight!…same old,same old - already have but no will to enforce existing laws, etc.), analyst who called crash says inflationary depression, banks passed stress tests only with the help of fraudulent change in accounting rules, banks still insolvent, toxic assets even more toxic, dollar falling and a lot lower to go, $100 + oil by end of year, Obama/bernanke continuing failed policies of bush greenspan, recommends getting out of Dodge and u.s. assets Insiders Exit Shares at the Fastest Pace in Two Years BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... The Next Bubble Is Here. Have You Bought In? foreclosure sales up, prices down , ‘SELL IN MAY AND GO AWAY’, so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!

PREVIOUS 6-29-09, Worthless dollar/High oil price stock rally…riiiiight!...Then there’s the madoff propaganda event Fraudster Madoff gets 150 years, with prosecutors patting themselves on the back when the reality is that there has been not even one prosecution in the massive securities fraud which benefited the wall street frauds greatly and make madoff look like a piker. Four banks fail, bringing 2009 tally to 19 more than all of 2008 at a total thus far of 44 Dollar Falls Most in Month as China Urges New Reserve Currency Gerald Celente speaks on Cap and Trade and other handicaps to the US economy HOW MANY TIMES CAN THE WALL STREET FRAUDS, WITH CYCLICAL REGULARITY, DO THE SAME OR SIMILAR FRAUD WITH IMPUNITY (STILL NOT ONE PROSECUTION IN THE MOST RECENT MASSIVE SECURITIES FRAUD, BUT PLENTY OF OBFUSCATION EMANATING FROM THE PERPETRATORS AS WELL AS THOSE WHO SHOULD BE PROSECUTING /PURSUING THEM) NOW REFLATING THE STOCK MARKET BUBBLE BASED UPON NOTHING AT ALL (BAD NEWS,FRAUD AND BULL S**T), CHANGING ACCOUNTING RULES TO FACILITATE THE COMMISSIONABLE BUBBLE FROM WHICH THE SOURCE OF FUNDS TO EVEN PAY BACK LOANS TO AVOID SCRUTINY OF THEIR NEW FRAUD IS GENERATED [SAVINGS AND LOAN DEBACLE, DOT.COM SELL THE SIZZLE BUST /DEBACLE, RECYCLED /REPACKAGED /RESOLD /RECOMMISSIONED WORTHLESS COLLATERALIZED SECURITIES /PAPER (IN THE TRILLIONS YET STILL NOT ADDRESSED), ETC., THE FRAUDS ARE GETTING LARGER, HENCE THE RIDICULOUS TOO BIG TO FAIL MANTRA … HOW PATHETIC! … THAT MONEY HAS TO COME FROM SOMEPLACE, IE., PRINTING, CREATING, YOUR POCKETS, … NOT OUT OF THIN AIR! ] TYPICAL END OF QUARTER FRAUD/WINDOW DRESSING TO KEEP SUCKERS SUCKERED [ Insiders Exit Shares at the Fastest Pace in Two Years ] AND COMMISSION DOLLARS FLOWING [ Goldman Sachs on pace for record bonuses: report (Reuters) ] BASED ON CONTINUED BAD NEWS ( ie., BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... ,personal income up modest .2% and spending down, China calls for new reserve currency to supplant worthless dollar Dollar And Stocks Drop As China Calls For New Global Currency , continuing unemployment claims at or near record 627,000, weekly unemployment claims up 15,000, and GDP contraction –5.5%, all worse than expected (lennar wider than expected quarterly loss rallies stock…riiiiight!) Jobless claims rise; GDP dips in 1Q ; soothing words/b.s. from fed which previously predicted no recession that economy still contracting but that the contraction is somewhat slowing…what b**l s**t!…, analysts- buffet/economy in shambles, Hogan/negative GDP growth and inflation owing to debasement of the dollar as well as deficit spending/pump-priming in the trillions, joker stein/economy a mess and continued job losses, new home sales down .6%; U.S. Home Prices Drop 6.8 Percent in April as Foreclosures Rise foreclosure sales up 2.4%, prices down 17% year over year, [$$] Market Suffers Some Technical Damage Stocks tumble on bleak outlook for world economy U.S. regulators close their 40th bank of the year , Next Major Move In Stock Market Will Be Down world economy to shrink by worse than previously predicted 2.9% and big difference between not getting worse and getting better, market got ahead of itself, stalled out, still depression/more job losses, higher oil-gas prices / higher interest rates / heavy debt to pare down is 1-3 year drag on economy, even if believed (I don’t) the labor dept. far better than expected job numbers by increased debt (spending) to produce same is not economically sound or sustainable, viz., record spending with record low revenues, rating cuts for bank sector, analysts concur in significant 5-15% (reality says 15-25%) pullback/correction for stocks , institutional selling, industrial production/construction down 1.1%, housing starts allegedly up but if believed will only increase the plethora of unsold inventories, empire manufacturing index suffers unexpectedly severe decline…daaaah!, credit dard defaults at record high, analysts concur that fundamentals don’t support stock rally and that pac money(defacto bribes) might derail any meaningful reform/regulation which is of concern to the frauds on wall street who should be prosecuted, record loss of wealth, higher gas prices, job losses, higher interest rates / yields, higher commodity prices, higher deficits, hyperinflation, record continuing unemployment claims at 6.8 million, worthless Weimar dollar crashing, money supply exploding with hyperinflation/higher interest rates coming, budget deficit at new highs and trade deficit worse than expected, analyst who called crash says inflationary depression, banks passed stress tests only with the help of fraudulent change in accounting rules, banks still insolvent, toxic assets even more toxic, dollar falling and a lot lower to go, $100 + oil by end of year, Obama/bernanke continuing failed policies of bush greenspan, recommends getting out of Dodge and u.s. assets Jim Rogers: “The Worst is Not Over” 6/9/2009 , new record for continuing unemployment claims, fed downgrades outlook that previously provided b.s. for suckers’ rally, record low for new housing starts, etc.) AND BULL S**T ALONE (ie., BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... , world economy to shrink by worse than previously predicted 2.9% and big difference between not getting worse and getting better, leading indicators up far more than expected … bull s**t …based in large part on inflated stock price component … more bull s**t … new reform with same old frauds say increased capital requirements and oversight of the overseers/rating agencies (riiiiight!…same old,same old - already have but no will to enforce existing laws, etc.), analyst who called crash says inflationary depression, banks passed stress tests only with the help of fraudulent change in accounting rules, banks still insolvent, toxic assets even more toxic, dollar falling and a lot lower to go, $100 + oil by end of year, Obama/bernanke continuing failed policies of bush greenspan, recommends getting out of Dodge and u.s. assets Insiders Exit Shares at the Fastest Pace in Two Years BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... The Next Bubble Is Here. Have You Bought In? , foreclosure sales up, prices down , ‘SELL IN MAY AND GO AWAY’, so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!

PREVIOUS 6-26-09, Worthless dollar/High oil price stock rally…riiiiight!...Then there’s the madoff propaganda event Fraudster Madoff gets 150 years, with prosecutors patting themselves on the back when the reality is that there has been not even one prosecution in the massive securities fraud which benefited the wall street frauds greatly and make madoff look like a piker. Four banks fail, bringing 2009 tally to 19 more than all of 2008 at a total thus far of 44 Dollar Falls Most in Month as China Urges New Reserve Currency Gerald Celente speaks on Cap and Trade and other handicaps to the US economy HOW MANY TIMES CAN THE WALL STREET FRAUDS, WITH CYCLICAL REGULARITY, DO THE SAME OR SIMILAR FRAUD WITH IMPUNITY (STILL NOT ONE PROSECUTION IN THE MOST RECENT MASSIVE SECURITIES FRAUD, BUT PLENTY OF OBFUSCATION EMANATING FROM THE PERPETRATORS AS WELL AS THOSE WHO SHOULD BE PROSECUTING /PURSUING THEM) NOW REFLATING THE STOCK MARKET BUBBLE BASED UPON NOTHING AT ALL (BAD NEWS,FRAUD AND BULL S**T), CHANGING ACCOUNTING RULES TO FACILITATE THE COMMISSIONABLE BUBBLE FROM WHICH THE SOURCE OF FUNDS TO EVEN PAY BACK LOANS TO AVOID SCRUTINY OF THEIR NEW FRAUD IS GENERATED [SAVINGS AND LOAN DEBACLE, DOT.COM SELL THE SIZZLE BUST /DEBACLE, RECYCLED /REPACKAGED /RESOLD /RECOMMISSIONED WORTHLESS COLLATERALIZED SECURITIES /PAPER (IN THE TRILLIONS YET STILL NOT ADDRESSED), ETC., THE FRAUDS ARE GETTING LARGER, HENCE THE RIDICULOUS TOO BIG TO FAIL MANTRA … HOW PATHETIC! … THAT MONEY HAS TO COME FROM SOMEPLACE, IE., PRINTING, CREATING, YOUR POCKETS, … NOT OUT OF THIN AIR! ] TYPICAL END OF QUARTER FRAUD/WINDOW DRESSING TO KEEP SUCKERS SUCKERED [ Insiders Exit Shares at the Fastest Pace in Two Years ] AND COMMISSION DOLLARS FLOWING [ Goldman Sachs on pace for record bonuses: report (Reuters) ] BASED ON CONTINUED BAD NEWS ( ie., BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... ,personal income up modest .2% and spending down, China calls for new reserve currency to supplant worthless dollar Dollar And Stocks Drop As China Calls For New Global Currency , continuing unemployment claims at or near record 627,000, weekly unemployment claims up 15,000, and GDP contraction –5.5%, all worse than expected (lennar wider than expected quarterly loss rallies stock…riiiiight!) Jobless claims rise; GDP dips in 1Q ; soothing words/b.s. from fed which previously predicted no recession that economy still contracting but that the contraction is somewhat slowing…what b**l s**t!…, analysts- buffet/economy in shambles, Hogan/negative GDP growth and inflation owing to debasement of the dollar as well as deficit spending/pump-priming in the trillions, joker stein/economy a mess and continued job losses, new home sales down .6%; U.S. Home Prices Drop 6.8 Percent in April as Foreclosures Rise foreclosure sales up 2.4%, prices down 17% year over year, [$$] Market Suffers Some Technical Damage Stocks tumble on bleak outlook for world economy U.S. regulators close their 40th bank of the year , Next Major Move In Stock Market Will Be Down world economy to shrink by worse than previously predicted 2.9% and big difference between not getting worse and getting better, market got ahead of itself, stalled out, still depression/more job losses, higher oil-gas prices / higher interest rates / heavy debt to pare down is 1-3 year drag on economy, even if believed (I don’t) the labor dept. far better than expected job numbers by increased debt (spending) to produce same is not economically sound or sustainable, viz., record spending with record low revenues, rating cuts for bank sector, analysts concur in significant 5-15% (reality says 15-25%) pullback/correction for stocks , institutional selling, industrial production/construction down 1.1%, housing starts allegedly up but if believed will only increase the plethora of unsold inventories, empire manufacturing index suffers unexpectedly severe decline…daaaah!, credit dard defaults at record high, analysts concur that fundamentals don’t support stock rally and that pac money(defacto bribes) might derail any meaningful reform/regulation which is of concern to the frauds on wall street who should be prosecuted, record loss of wealth, higher gas prices, job losses, higher interest rates / yields, higher commodity prices, higher deficits, hyperinflation, record continuing unemployment claims at 6.8 million, worthless Weimar dollar crashing, money supply exploding with hyperinflation/higher interest rates coming, budget deficit at new highs and trade deficit worse than expected, analyst who called crash says inflationary depression, banks passed stress tests only with the help of fraudulent change in accounting rules, banks still insolvent, toxic assets even more toxic, dollar falling and a lot lower to go, $100 + oil by end of year, Obama/bernanke continuing failed policies of bush greenspan, recommends getting out of Dodge and u.s. assets Jim Rogers: “The Worst is Not Over” 6/9/2009 , new record for continuing unemployment claims, fed downgrades outlook that previously provided b.s. for suckers’ rally, record low for new housing starts, etc.) AND BULL S**T ALONE (ie., BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... , world economy to shrink by worse than previously predicted 2.9% and big difference between not getting worse and getting better, leading indicators up far more than expected … bull s**t …based in large part on inflated stock price component … more bull s**t … new reform with same old frauds say increased capital requirements and oversight of the overseers/rating agencies (riiiiight!…same old,same old - already have but no will to enforce existing laws, etc.), analyst who called crash says inflationary depression, banks passed stress tests only with the help of fraudulent change in accounting rules, banks still insolvent, toxic assets even more toxic, dollar falling and a lot lower to go, $100 + oil by end of year, Obama/bernanke continuing failed policies of bush greenspan, recommends getting out of Dodge and u.s. assets Insiders Exit Shares at the Fastest Pace in Two Years BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... The Next Bubble Is Here. Have You Bought In? , foreclosure sales up, prices down , ‘SELL IN MAY AND GO AWAY’, so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!

PREVIOUS 6-26-09, SECULAR BEAR MARKET SUCKERS’ RALLY TO END MIXED. HOW MANY TIMES CAN THE WALL STREET FRAUDS, WITH CYCLICAL REGULARITY, DO THE SAME OR SIMILAR FRAUD WITH IMPUNITY (STILL NOT ONE PROSECUTION IN THE MOST RECENT MASSIVE SECURITIES FRAUD, BUT PLENTY OF OBFUSCATION EMANATING FROM THE PERPETRATORS AS WELL AS THOSE WHO SHOULD BE PROSECUTING /PURSUING THEM) NOW REFLATING THE STOCK MARKET BUBBLE BASED UPON NOTHING AT ALL (BAD NEWS,FRAUD AND BULL S**T), CHANGING ACCOUNTING RULES TO FACILITATE THE COMMISSIONABLE BUBBLE FROM WHICH THE SOURCE OF FUNDS TO EVEN PAY BACK LOANS TO AVOID SCRUTINY OF THEIR NEW FRAUD IS GENERATED [SAVINGS AND LOAN DEBACLE, DOT.COM SELL THE SIZZLE BUST /DEBACLE, RECYCLED /REPACKAGED /RESOLD /RECOMMISSIONED WORTHLESS COLLATERALIZED SECURITIES /PAPER (IN THE TRILLIONS YET STILL NOT ADDRESSED), ETC., THE FRAUDS ARE GETTING LARGER, HENCE THE RIDICULOUS TOO BIG TO FAIL MANTRA … HOW PATHETIC! … THAT MONEY HAS TO COME FROM SOMEPLACE, IE., PRINTING, CREATING, YOUR POCKETS, … NOT OUT OF THIN AIR! ] TYPICAL END OF QUARTER FRAUD/WINDOW DRESSING TO KEEP SUCKERS SUCKERED [ Insiders Exit Shares at the Fastest Pace in Two Years ] AND COMMISSION DOLLARS FLOWING [ Goldman Sachs on pace for record bonuses: report (Reuters) ] BASED ON CONTINUED BAD NEWS ( ie., BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... ,personal income up modest .2% and spending down, China calls for new reserve currency to supplant worthless dollar Dollar And Stocks Drop As China Calls For New Global Currency , continuing unemployment claims at or near record 627,000, weekly unemployment claims up 15,000, and GDP contraction –5.5%, all worse than expected AND BULL S**T ALONE (ie., BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... , world economy to shrink by worse than previously predicted 2.9% and big difference between not getting worse and getting better, leading indicators up far more than expected … bull s**t …based in large part on inflated stock price component … more bull s**t … new reform with same old frauds say increased capital requirements and oversight of the overseers/rating agencies (riiiiight!…same old,same old - already have but no will to enforce existing laws, etc.), analyst who called crash says inflationary depression, banks passed stress tests only with the help of fraudulent change in accounting rules, banks still insolvent, toxic assets even more toxic, dollar falling and a lot lower to go, $100 + oil by end of year, Obama/bernanke continuing failed policies of bush greenspan, recommends getting out of Dodge and u.s. assets Insiders Exit Shares at the Fastest Pace in Two Years BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... The Next Bubble Is Here. Have You Bought In? foreclosure sales up, prices down , ‘SELL IN MAY AND GO AWAY’, so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!

PREVIOUS 6-25-09, HOW MANY TIMES CAN THE WALL STREET FRAUDS, WITH CYCLICAL REGULARITY, DO THE SAME OR SIMILAR FRAUD WITH IMPUNITY (STILL NOT ONE PROSECUTION IN THE MOST RECENT MASSIVE SECURITIES FRAUD, BUT PLENTY OF OBFUSCATION EMANATING FROM THE PERPETRATORS AS WELL AS THOSE WHO SHOULD BE PROSECUTING /PURSUING THEM) NOW REFLATING THE STOCK MARKET BUBBLE BASED UPON NOTHING AT ALL (BAD NEWS,FRAUD AND BULL S**T), CHANGING ACCOUNTING RULES TO FACILITATE THE COMMISSIONABLE BUBBLE FROM WHICH THE SOURCE OF FUNDS TO EVEN PAY BACK LOANS TO AVOID SCRUTINY OF THEIR NEW FRAUD IS GENERATED [SAVINGS AND LOAN DEBACLE, DOT.COM SELL THE SIZZLE BUST /DEBACLE, RECYCLED /REPACKAGED /RESOLD /RECOMMISSIONED WORTHLESS COLLATERALIZED SECURITIES /PAPER (IN THE TRILLIONS YET STILL NOT ADDRESSED), ETC., THE FRAUDS ARE GETTING LARGER, HENCE THE RIDICULOUS TOO BIG TO FAIL MANTRA … HOW PATHETIC! … THAT MONEY HAS TO COME FROM SOMEPLACE, IE., PRINTING, CREATING, YOUR POCKETS, … NOT OUT OF THIN AIR! ] TYPICAL END OF QUARTER FRAUD/WINDOW DRESSING TO KEEP SUCKERS SUCKERED [ Insiders Exit Shares at the Fastest Pace in Two Years ] AND COMMISSION DOLLARS FLOWING [ Goldman Sachs on pace for record bonuses: report (Reuters) ] BASED ON CONTINUED BAD NEWS ( ie., BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... , continuing unemployment claims at or near record 627,000, weekly unemployment claims up 15,000, and GDP contraction –5.5%, all worse than expected (lennar wider than expected quarterly loss rallies stock…riiiiight!) Jobless claims rise; GDP dips in 1Q ; soothing words/b.s. from fed which previously predicted no recession that economy still contracting but that the contraction is somewhat slowing…what b**l s**t!…, analysts- buffet/economy in shambles, Hogan/negative GDP growth and inflation owing to debasement of the dollar as well as deficit spending/pump-priming in the trillions, joker stein/economy a mess and continued job losses, new home sales down .6%; U.S. Home Prices Drop 6.8 Percent in April as Foreclosures Rise foreclosure sales up 2.4%, prices down 17% year over year, [$$] Market Suffers Some Technical Damage Stocks tumble on bleak outlook for world economy U.S. regulators close their 40th bank of the year , Next Major Move In Stock Market Will Be Down world economy to shrink by worse than previously predicted 2.9% and big difference between not getting worse and getting better, market got ahead of itself, stalled out, still depression/more job losses, higher oil-gas prices / higher interest rates / heavy debt to pare down is 1-3 year drag on economy, even if believed (I don’t) the labor dept. far better than expected job numbers by increased debt (spending) to produce same is not economically sound or sustainable, viz., record spending with record low revenues, rating cuts for bank sector, analysts concur in significant 5-15% (reality says 15-25%) pullback/correction for stocks , institutional selling, industrial production/construction down 1.1%, housing starts allegedly up but if believed will only increase the plethora of unsold inventories, empire manufacturing index suffers unexpectedly severe decline…daaaah!, credit dard defaults at record high, analysts concur that fundamentals don’t support stock rally and that pac money(defacto bribes) might derail any meaningful reform/regulation which is of concern to the frauds on wall street who should be prosecuted, record loss of wealth, higher gas prices, job losses, higher interest rates / yields, higher commodity prices, higher deficits, hyperinflation, record continuing unemployment claims at 6.8 million, worthless Weimar dollar crashing, money supply exploding with hyperinflation/higher interest rates coming, budget deficit at new highs and trade deficit worse than expected, analyst who called crash says inflationary depression, banks passed stress tests only with the help of fraudulent change in accounting rules, banks still insolvent, toxic assets even more toxic, dollar falling and a lot lower to go, $100 + oil by end of year, Obama/bernanke continuing failed policies of bush greenspan, recommends getting out of Dodge and u.s. assets , new record for continuing unemployment claims, fed downgrades outlook that previously provided b.s. for suckers’ rally, record low for new housing starts, etc.) AND BULL S**T ALONE (ie., BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... , world economy to shrink by worse than previously predicted 2.9% and big difference between not getting worse and getting better, leading indicators up far more than expected … bull s**t …based in large part on inflated stock price component … more bull s**t … new reform with same old frauds say increased capital requirements and oversight of the overseers/rating agencies (riiiiight!…same old,same old - already have but no will to enforce existing laws, etc.), analyst who called crash says inflationary depression, banks passed stress tests only with the help of fraudulent change in accounting rules, banks still insolvent, toxic assets even more toxic, dollar falling and a lot lower to go, $100 + oil by end of year, Obama/bernanke continuing failed policies of bush greenspan, recommends getting out of Dodge and u.s. assets Insiders Exit Shares at the Fastest Pace in Two Years BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... foreclosure sales up, prices down , ‘SELL IN MAY AND GO AWAY’, so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!

PREVIOUS 6-24-09, SECULAR BEAR MARKET SUCKERS RALLY CONTINUES FOR MIXED CLOSE TO KEEP SUCKERS SUCKERED [ Insiders Exit Shares at the Fastest Pace in Two Years ] AND COMMISSION DOLLARS FLOWING [ Goldman Sachs on pace for record bonuses: report (Reuters) ] BASED ON CONTINUED BAD NEWS ( ie., BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... , soothing words/b.s. from fed which previously predicted no recession that economy still contracting but that the contraction is somewhat slowing…what b**l s**t!…, analysts- buffet/economy in shambles, Hogan/negative GDP growth and inflation owing to debasement of the dollar as well as deficit spending/pump-priming in the trillions, joker stein/economy a mess and continued job losses, new home sales down .6%; foreclosure sales up 2.4%, prices down 17% year over year, world economy to shrink by worse than previously predicted 2.9% and big difference between not getting worse and getting better, market got ahead of itself, stalled out, still depression/more job losses, higher oil-gas prices / higher interest rates / heavy debt to pare down is 1-3 year drag on economy, even if believed (I don’t) the labor dept. far better than expected job numbers by increased debt (spending) to produce same is not economically sound or sustainable, viz., record spending with record low revenues, rating cuts for bank sector, analysts concur in significant 5-15% (reality says 15-25%) pullback/correction for stocks , institutional selling, industrial production/construction down 1.1%, housing starts allegedly up but if believed will only increase the plethora of unsold inventories, empire manufacturing index suffers unexpectedly severe decline…daaaah!, credit dard defaults at record high, analysts concur that fundamentals don’t support stock rally and that pac money(defacto bribes) might derail any meaningful reform/regulation which is of concern to the frauds on wall street who should be prosecuted, record loss of wealth, higher gas prices, job losses, higher interest rates / yields, higher commodity prices, higher deficits, hyperinflation, record continuing unemployment claims at 6.8 million, worthless Weimar dollar crashing, money supply exploding with hyperinflation/higher interest rates coming, budget deficit at new highs and trade deficit worse than expected, analyst who called crash says inflationary depression, banks passed stress tests only with the help of fraudulent change in accounting rules, banks still insolvent, toxic assets even more toxic, dollar falling and a lot lower to go, $100 + oil by end of year, Obama/bernanke continuing failed policies of bush greenspan, recommends getting out of Dodge and u.s. assets Jim Rogers: “The Worst is Not Over” 6/9/2009 , new record for continuing unemployment claims, fed downgrades outlook that previously provided b.s. for suckers’ rally, record low for new housing starts, etc.) AND BULL S**T ALONE (ie., BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... , world economy to shrink by worse than previously predicted 2.9% and big difference between not getting worse and getting better, leading indicators up far more than expected … bull s**t …based in large part on inflated stock price component … more bull s**t … new reform with same old frauds say increased capital requirements and oversight of the overseers/rating agencies (riiiiight!…same old,same old - already have but no will to enforce existing laws, etc.), analyst who called crash says inflationary depression, banks passed stress tests only with the help of fraudulent change in accounting rules, banks still insolvent, toxic assets even more toxic, dollar falling and a lot lower to go, $100 + oil by end of year, Obama/bernanke continuing failed policies of bush greenspan, recommends getting out of Dodge and u.s. assets Insiders Exit Shares at the Fastest Pace in Two Years BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... The Next Bubble Is Here. Have You Bought In? foreclosure sales up, prices down , ‘SELL IN MAY AND GO AWAY’, so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!

PREVIOUS 6-23-09, SECULAR BEAR MARKET SUCKERS RALLY INTACT TO KEEP SUCKERS SUCKERED [ Insiders Exit Shares at the Fastest Pace in Two Years ] AND COMMISSION DOLLARS FLOWING [ Goldman Sachs on pace for record bonuses: report (Reuters) ] BASED ON CONTINUED BAD NEWS ( ie., U.S. Home Prices Drop 6.8 Percent in April as Foreclosures Rise foreclosure sales up 2.4%, prices down 17% year over year, [$$] Market Suffers Some Technical Damage Stocks tumble on bleak outlook for world economy U.S. regulators close their 40th bank of the year , Next Major Move In Stock Market Will Be Down world economy to shrink by worse than previously predicted 2.9% and big difference between not getting worse and getting better, market got ahead of itself, stalled out, still depression/more job losses, higher oil-gas prices / higher interest rates / heavy debt to pare down is 1-3 year drag on economy, even if believed (I don’t) the labor dept. far better than expected job numbers by increased debt (spending) to produce same is not economically sound or sustainable, viz., record spending with record low revenues, rating cuts for bank sector, analysts concur in significant 5-15% (reality says 15-25%) pullback/correction for stocks , institutional selling, industrial production/construction down 1.1%, housing starts allegedly up but if believed will only increase the plethora of unsold inventories, empire manufacturing index suffers unexpectedly severe decline…daaaah!, credit dard defaults at record high, analysts concur that fundamentals don’t support stock rally and that pac money(defacto bribes) might derail any meaningful reform/regulation which is of concern to the frauds on wall street who should be prosecuted, record loss of wealth, higher gas prices, job losses, higher interest rates / yields, higher commodity prices, higher deficits, hyperinflation, record continuing unemployment claims at 6.8 million, worthless Weimar dollar crashing, money supply exploding with hyperinflation/higher interest rates coming, budget deficit at new highs and trade deficit worse than expected, analyst who called crash says inflationary depression, banks passed stress tests only with the help of fraudulent change in accounting rules, banks still insolvent, toxic assets even more toxic, dollar falling and a lot lower to go, $100 + oil by end of year, Obama/bernanke continuing failed policies of bush greenspan, recommends getting out of Dodge and u.s. assets Jim Rogers: “The Worst is Not Over” 6/9/2009 , new record for continuing unemployment claims, fed downgrades outlook that previously provided b.s. for suckers’ rally, record low for new housing starts, etc.) AND BULL S**T ALONE (ie., world economy to shrink by worse than previously predicted 2.9% and big difference between not getting worse and getting better, leading indicators up far more than expected … bull s**t …based in large part on inflated stock price component … more bull s**t … new reform with same old frauds say increased capital requirements and oversight of the overseers/rating agencies (riiiiight!…same old,same old - already have but no will to enforce existing laws, etc.), analyst who called crash says inflationary depression, banks passed stress tests only with the help of fraudulent change in accounting rules, banks still insolvent, toxic assets even more toxic, dollar falling and a lot lower to go, $100 + oil by end of year, Obama/bernanke continuing failed policies of bush greenspan, recommends getting out of Dodge and u.s. assets , foreclosure sales up, prices down , ‘SELL IN MAY AND GO AWAY’, so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!

PREVIOUS 6-22-09, ONLY MODEST LOSSES RELATIVE TO REALITY IN THIS SECULAR BEAR MARKET TO KEEP SUCKERS SUCKERED AND COMMISSION DOLLARS FLOWING [ Goldman Sachs on pace for record bonuses: report (Reuters) ] BASED ON CONTINUED BAD NEWS ( ie., Insiders Exit Shares at the Fastest Pace in Two Years [$$] Market Suffers Some Technical Damage Stocks tumble on bleak outlook for world economy U.S. regulators close their 40th bank of the year , Next Major Move In Stock Market Will Be Down world economy to shrink by worse than previously predicted 2.9% and big difference between not getting worse and getting better, market got ahead of itself, stalled out, still depression/more job losses, higher oil-gas prices / higher interest rates / heavy debt to pare down is 1-3 year drag on economy, even if believed (I don’t) the labor dept. far better than expected job numbers by increased debt (spending) to produce same is not economically sound or sustainable, viz., record spending with record low revenues, rating cuts for bank sector, analysts concur in significant 5-15% (reality says 15-25%) pullback/correction for stocks , institutional selling, industrial production/construction down 1.1%, housing starts allegedly up but if believed will only increase the plethora of unsold inventories, empire manufacturing index suffers unexpectedly severe decline…daaaah!, credit dard defaults at record high, analysts concur that fundamentals don’t support stock rally and that pac money(defacto bribes) might derail any meaningful reform/regulation which is of concern to the frauds on wall street who should be prosecuted, record loss of wealth, higher gas prices, job losses, higher interest rates / yields, higher commodity prices, higher deficits, hyperinflation, record continuing unemployment claims at 6.8 million, worthless Weimar dollar crashing, money supply exploding with hyperinflation/higher interest rates coming, budget deficit at new highs and trade deficit worse than expected, analyst who called crash says inflationary depression, banks passed stress tests only with the help of fraudulent change in accounting rules, banks still insolvent, toxic assets even more toxic, dollar falling and a lot lower to go, $100 + oil by end of year, Obama/bernanke continuing failed policies of bush greenspan, recommends getting out of Dodge and u.s. assets Jim Rogers: “The Worst is Not Over” 6/9/2009 , new record for continuing unemployment claims, fed downgrades outlook that previously provided b.s. for suckers’ rally, record low for new housing starts, etc.) AND BULL S**T ALONE (ie., world economy to shrink by worse than previously predicted 2.9% and big difference between not getting worse and getting better, leading indicators up far more than expected … bull s**t …based in large part on inflated stock price component … more bull s**t … new reform with same old frauds say increased capital requirements and oversight of the overseers/rating agencies (riiiiight!…same old,same old - already have but no will to enforce existing laws, etc.), analyst who called crash says inflationary depression, banks passed stress tests only with the help of fraudulent change in accounting rules, banks still insolvent, toxic assets even more toxic, dollar falling and a lot lower to go, $100 + oil by end of year, Obama/bernanke continuing failed policies of bush greenspan, recommends getting out of Dodge and u.s. assets Insiders Exit Shares at the Fastest Pace in Two Years [$$] Market Suffers Some Technical Damage ----- Existing home foreclosure sales up, and no profit discount car sales better than expected Diluting like crazy through new stock bubble issues Market Manipulation/Fraud: How Financial Markets Really Work Economist Warns Fed Will Bring About Zimbabwe Style Hyperinflation The $4 trillion housing headache (at Fortune) foreclosure sales up, prices down , ‘SELL IN MAY AND GO AWAY’, so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!

PREVIOUS 6-19-09, SECULAR BEAR MARKET PROGRAMMED SUCKERS RALLY INTO THE CLOSE AS STOCKS END MIXED STILL IN DEFIANCE OF REALITY TO KEEP SUCKERS SUCKERED AND COMMISSION DOLLARS FLOWING BASED ON CONTINUED BAD NEWS ( ie., U.S. regulators close their 40th bank of the year , Next Major Move In Stock Market Will Be Down market got ahead of itself, stalled out, still depression/more job losses, higher oil-gas prices / higher interest rates / heavy debt to pare down is 1-3 year drag on economy, even if believed (I don’t) the labor dept. far better than expected job numbers by increased debt (spending) to produce same is not economically sound or sustainable, viz., record spending with record low revenues, rating cuts for bank sector, analysts concur in significant 5-15% (reality says 15-25%) pullback/correction for stocks , institutional selling, industrial production/construction down 1.1%, housing starts allegedly up but if believed will only increase the plethora of unsold inventories, empire manufacturing index suffers unexpectedly severe decline…daaaah!, credit dard defaults at record high, analysts concur that fundamentals don’t support stock rally and that pac money(defacto bribes) might derail any meaningful reform/regulation which is of concern to the frauds on wall street who should be prosecuted, record loss of wealth, higher gas prices, job losses, higher interest rates / yields, higher commodity prices, higher deficits, hyperinflation, record continuing unemployment claims at 6.8 million, worthless Weimar dollar crashing, money supply exploding with hyperinflation/higher interest rates coming, budget deficit at new highs and trade deficit worse than expected, analyst who called crash says inflationary depression, banks passed stress tests only with the help of fraudulent change in accounting rules, banks still insolvent, toxic assets even more toxic, dollar falling and a lot lower to go, $100 + oil by end of year, Obama/bernanke continuing failed policies of bush greenspan, recommends getting out of Dodge and u.s. assets , new record for continuing unemployment claims, fed downgrades outlook that previously provided b.s. for suckers’ rally, record low for new housing starts, etc.) AND BULL S**T ALONE (ie., leading indicators up far more than expected … bull s**t …based in large part on inflated stock price component … more bull s**t … new reform with same old frauds say increased capital requirements and oversight of the overseers/rating agencies (riiiiight!…same old,same old - already have but no will to enforce existing laws, etc.), analyst who called crash says inflationary depression, banks passed stress tests only with the help of fraudulent change in accounting rules, banks still insolvent, toxic assets even more toxic, dollar falling and a lot lower to go, $100 + oil by end of year, Obama/bernanke continuing failed policies of bush greenspan, recommends getting out of Dodge and u.s. assets, foreclosure sales up, prices down , ‘SELL IN MAY AND GO AWAY’, so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!

PREVIOUS 6-18-09, SECULAR BEAR MARKET PROGRAMMED SUCKERS RALLY INTO THE CLOSE AS STOCKS END MIXED STILL IN DEFIANCE OF REALITY TO KEEP SUCKERS SUCKERED AND COMMISSION DOLLARS FLOWING BASED ON CONTINUED BAD NEWS ( ie., U.S. regulators close their 40th bank of the year , Next Major Move In Stock Market Will Be Down market got ahead of itself, stalled out, still depression/more job losses, higher oil-gas prices / higher interest rates / heavy debt to pare down is 1-3 year drag on economy, even if believed (I don’t) the labor dept. far better than expected job numbers by increased debt (spending) to produce same is not economically sound or sustainable, viz., record spending with record low revenues, rating cuts for bank sector, analysts concur in significant 5-15% (reality says 15-25%) pullback/correction for stocks , institutional selling, industrial production/construction down 1.1%, housing starts allegedly up but if believed will only increase the plethora of unsold inventories, empire manufacturing index suffers unexpectedly severe decline…daaaah!, credit dard defaults at record high, analysts concur that fundamentals don’t support stock rally and that pac money(defacto bribes) might derail any meaningful reform/regulation which is of concern to the frauds on wall street who should be prosecuted, record loss of wealth, higher gas prices, job losses, higher interest rates / yields, higher commodity prices, higher deficits, hyperinflation, record continuing unemployment claims at 6.8 million, worthless Weimar dollar crashing, money supply exploding with hyperinflation/higher interest rates coming, budget deficit at new highs and trade deficit worse than expected, analyst who called crash says inflationary depression, banks passed stress tests only with the help of fraudulent change in accounting rules, banks still insolvent, toxic assets even more toxic, dollar falling and a lot lower to go, $100 + oil by end of year, Obama/bernanke continuing failed policies of bush greenspan, recommends getting out of Dodge and u.s. assets , new record for continuing unemployment claims, fed downgrades outlook that previously provided b.s. for suckers’ rally, record low for new housing starts, etc.) AND BULL S**T ALONE (ie., leading indicators up far more than expected … bull s**t …based in large part on inflated stock price component … more bull s**t … new reform with same old frauds say increased capital requirements and oversight of the overseers/rating agencies (riiiiight!…same old,same old - already have but no will to enforce existing laws, etc.), analyst who called crash says inflationary depression, banks passed stress tests only with the help of fraudulent change in accounting rules, banks still insolvent, toxic assets even more toxic, dollar falling and a lot lower to go, $100 + oil by end of year, Obama/bernanke continuing failed policies of bush greenspan, recommends getting out of Dodge and u.s. , foreclosure sales up, prices down , ‘SELL IN MAY AND GO AWAY’, so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!

PREVIOUS 6-18-09, MORE TALK OF NEW REGULATORY SCHEME WHEN PROSECUTION AND DISGORGEMENT WOULD REALLY BLUNT INCENTIVE FOR WALL STREET FRAUDS PROSPECTIVELY, SECULAR BEAR MARKET PROGRAMMED SUCKERS RALLY ON LEADING INDICATORS UP FAR MORE THAN EXPECTED … BULL S**T …BASED IN LARGE PART ON INFLATED STOCK PRICE COMPONENT … MORE BULL S**T … AS STOCKS END MIXED STILL IN DEFIANCE OF REALITY TO KEEP SUCKERS SUCKERED AND COMMISSION DOLLARS FLOWING BASED ON CONTINUED BAD NEWS ( ie., market got ahead of itself, stalled out, still depression/more job losses, higher oil-gas prices / higher interest rates / heavy debt to pare down is 1-3 year drag on economy, even if believed (I don’t) the labor dept. far better than expected job numbers by increased debt (spending) to produce same is not economically sound or sustainable, viz., record spending with record low revenues, rating cuts for bank sector, analysts concur in significant 5-15% (reality says 15-25%) pullback/correction for stocks , institutional selling, industrial production/construction down 1.1%, housing starts allegedly up but if believed will only increase the plethora of unsold inventories, empire manufacturing index suffers unexpectedly severe decline…daaaah!, credit dard defaults at record high, analysts concur that fundamentals don’t support stock rally and that pac money(defacto bribes) might derail any meaningful reform/regulation which is of concern to the frauds on wall street who should be prosecuted, record loss of wealth, higher gas prices, job losses, higher interest rates / yields, higher commodity prices, higher deficits, hyperinflation, record continuing unemployment claims at 6.8 million, worthless Weimar dollar crashing, money supply exploding with hyperinflation/higher interest rates coming, budget deficit at new highs and trade deficit worse than expected, analyst who called crash says inflationary depression, banks passed stress tests only with the help of fraudulent change in accounting rules, banks still insolvent, toxic assets even more toxic, dollar falling and a lot lower to go, $100 + oil by end of year, Obama/bernanke continuing failed policies of bush greenspan, recommends getting out of Dodge and u.s. assets Jim Rogers: “The Worst is Not Over” 6/9/2009 , new record for continuing unemployment claims, fed downgrades outlook that previously provided b.s. for suckers’ rally, record low for new housing starts, etc.) AND BULL S**T ALONE (ie., leading indicators up far more than expected … bull s**t …based in large part on inflated stock price component … more bull s**t … new reform with same old frauds say increased capital requirements and oversight of the overseers/rating agencies (riiiiight!…same old,same old - already have but no will to enforce existing laws, etc.), analyst who called crash says inflationary depression, banks passed stress tests only with the help of fraudulent change in accounting rules, banks still insolvent, toxic assets even more toxic, dollar falling and a lot lower to go, $100 + oil by end of year, Obama/bernanke continuing failed policies of bush greenspan, recommends getting out of Dodge and u.s. assets foreclosure sales up, prices down , ‘SELL IN MAY AND GO AWAY’, so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!

PREVIOUS 6-17-09, SECULAR BEAR MARKET PROGRAMMED SUCKERS RALLY INTO THE CLOSE AS STOCKS END MIXED IN DEFIANCE OF REALITY TO KEEP SUCKERS SUCKERED AND COMMISSION DOLLARS FLOWING BASED ON CONTINUED BAD NEWS ( ie., rating cuts for bank sector, analysts concur in significant 5-15% (reality says 15-25%) pullback/correction for stocks , institutional selling, industrial production/construction down 1.1%, housing starts allegedly up but if believed will only increase the plethora of unsold inventories, empire manufacturing index suffers unexpectedly severe decline…daaaah!, credit dard defaults at record high, analysts concur that fundamentals don’t support stock rally and that pac money(defacto bribes) might derail any meaningful reform/regulation which is of concern to the frauds on wall street who should be prosecuted, record loss of wealth, higher gas prices, job losses, higher interest rates / yields, higher commodity prices, higher deficits, hyperinflation, record continuing unemployment claims at 6.8 million, worthless Weimar dollar crashing, money supply exploding with hyperinflation/higher interest rates coming, budget deficit at new highs and trade deficit worse than expected, analyst who called crash says inflationary depression, banks passed stress tests only with the help of fraudulent change in accounting rules, banks still insolvent, toxic assets even more toxic, dollar falling and a lot lower to go, $100 + oil by end of year, Obama/bernanke continuing failed policies of bush greenspan, recommends getting out of Dodge and u.s. assets Jim Rogers: “The Worst is Not Over” 6/9/2009 Markets See a Breakdown in Technical Support Levels Roubini: USA sees double-dip recession... Dollar drops on reserve currency doubts China sells US bonds to ’show concern’ BRICs May Buy Each Other’s Bonds in Shift From Dollar China’s holding of US bonds drops first time in 11 months Russia to Raise Reserve Currency Issue at BRIC International Demand for Worthless U.S. Assets Slowed in April IMF says worst not over Senator cashed out during big stock collapse -- after meeting with Fed, Treasury chiefs! America's AAA downgrade danger... Treasury faces pressure on price of TARP exit A depression so deep even teen shoppers scrimp US cities may have to be bulldozed in order to survive 1st quarter wiped out $1.3 trillion for Americans Get Ready for Inflation and Higher Interest Rates Oil prices near $73 as energy rally continues Fed Would Be Shut Down If It Were Audited Fed says economy weak, but sees signs the slide increasing Mounting deficits spark jitters about U.S. economy Wall Street falls as realities dent recovery hopes Bonds fall on worries about government's debt load (AP) Oil prices strike new high for 2009 (AP) The depression quietly deepens CHINA AIRS FEARS ON DOLLAR, DEBT... Oil hits 7-month high over $70... Yes, We’re STILL In a Depression China Bank Wants U.S. Bonds Issued in Yuan Fake government job loss report near 40% better than private forecasts…I don’t think so!…9.4% unemployment rate…try well over 10% and with stopped looking included over 20% , Jim Rogers CNBC - Jun 4th, 2009 - Currency Crisis Ahead U.S. unemployment hits record but job losses slow if you foolishly believe fake government reports near 40% better than private estimates - I don’t think so! …now China explores buying $50bn in IMF bonds US retailers report May sales declines Tiny Tim says dollar assets safe... Laughter from audience... Why The Chinese Laughed At Geithner ----- mortgage apps. down, service sector job losses/factory orders worse than expected, new record continuing unemployment claims, bernanke spend more money you don’t have but cut debilitating deficit…riiiiight…sounds like a plan with more job losses to come, etc., Economic data disappoint, indicate slow recovery Worse-than-expected economic data thwarts rally Jobless rates in U.S. cities zoom higher in April Sector Snap: Homebuilders tumble (AP) As the Dollar Falls Off the Cliff … Bernanke warns on deficits as Treasury rates rise ----- GOV'T OWES RECORD $63.8 TRILLION... The Big Collapse Is Very Near Dollar Declines as Nations Mull Reserve Currency Alternative Dollar Falls Most In A Month Since 1985 Leap in U.S. debt hits taxpayers with 12% more red ink Gold jumps above $970/oz as dollar weakens Double-Dip Depression , New Record Continuing Unemployment Claims, Marc Faber: “I Am 100% Sure that the U.S. Will Go Into Hyperinflation” Why We'll See Another Serious Equities Sell-Off Obama continuing Bush’s assault on the middle class Government will now own 72.5% of 'New GM'... Roubini: U.S. economy to dip again next year... Case-Shillers index shows new record decline in real estate prices, $80+ oil coming this year Dallas Federal Reserve: Unfunded Pension and Health-Care Liabilities Exceeds $99 Trillion Dollars Waterboard the Fed Obama: We Are Broke. Well, Duh! Russia Rationally Dumps Dollar as Reserve Currency - Adopts Euro , new record for continuing unemployment claims, fed downgrades outlook that previously provided b.s. for suckers’ rally, record low for new housing starts, etc.) AND BULL S**T ALONE (ie., new reform with same old frauds say increased capital requirements and oversight of the overseers/rating agencies (riiiiight!…same old,same old - already have but no will to enforce existing laws, etc.), analyst who called crash says inflationary depression, banks passed stress tests only with the help of fraudulent change in accounting rules, banks still insolvent, toxic assets even more toxic, dollar falling and a lot lower to go, $100 + oil by end of year, Obama/bernanke continuing failed policies of bush greenspan, recommends getting out of Dodge and u.s. assets Venture Capital Bubble Set to Burst, Kedrosky Says Obama Plans to Cut Bank Regulators, Allow Fed to Supervise Financial Holding Companies – The old fox guarding the henhouse tricks Federal Reserve unwisely to gain power under plan Federal Reserve Foolishly To Be Given Sweeping New Powers Yen Strengthens Most in Month as Asian Stocks Drop, Gold Gains RUSSIA CHALLENGES WORTHLESS DOLLAR... AIG says former top exec plundered retirement plan [video] The Too-Big-to-Fail Problem [6.8 min] (at MarketWatch) [$$] Too Big to Solve? (at The Wall Street Journal Online) Buy and Hold Is Dead. Long Live Buy and Hold! Financial Bailout Plan Keeps Zombie Banks Alive Bernanke then as now in denial about looming crisis 2005-2007 Retail sales, drop in jobless claims to a very high even if believed 601,000 yielding record continuing claims of 6.8 million fuel hope…if you’re a dope Lawmakers blast Fed, Treasury for BofA "threats" Oil climbs over $73 on hopes for rising demand U.S. Household Worth Fell by $1.3 Trillion in First Quarter Predictions of $250 a barrel on oil ECB Fears Reality of Banking Crisis in 2010: Report Get Ready for Inflation and Higher Interest Rates Bill To Audit Federal Reserve Now Has 209 Co-Sponsors Russia May Swap Some U.S. Treasuries for IMF Debt Fed report shows losses on Bear Stearns, AIG holdings Congress subpoenas the Fed ... Finally! (AP) Brazil in recession, recovery unlikely this year What a “Jobless Recovery” Really Means: A Massive Redistribution of Wealth from the Little Guy to the Big Boys Obama Tells American Businesses to Drop Dead America’s Fed Addiction “87 Percent of [Chinese] Respondents Believe China’s u.s. Dollar-Assets are Unsafe” Fed Said to Retreat From Seeking Power to Sell Its Own Debt/Bills WIRE: Obama Tells American Businesses to Drop Dead... Long-Term Economic Memory Loss Obama’s economic model versus reality Reality bites Internet as 1Q ad sales fall 5 pct (AP) CHINA AIRS FEARS ON DOLLAR, DEBT government reports better than private estimates…riiiiight! President of the Federal Reserve Bank of Kansas City Warns of Oligarchy U.S. unemployment hits record but job losses slow if you foolishly believe fake government reports near 40% better than private estimates - I don’t think so! …now Benefit spending soars to new high $100 Billion Bailout For IMF Tagged On To War Funding Bill Economic recovery is wishful thinking Gold, Silver Climb as Dollar Falls OPEC: OIL COULD REACH $90... ----- Existing home foreclosure sales up, and no profit discount car sales better than expected Diluting like crazy through new stock bubble issues Market Manipulation/Fraud: How Financial Markets Really Work Economist Warns Fed Will Bring About Zimbabwe Style Hyperinflation The $4 trillion housing headache (at Fortune) foreclosure sales up, prices down , ‘SELL IN MAY AND GO AWAY’, so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!

PREVIOUS 6-16-09, SECULAR BEAR MARKET AND ONLY MODEST LOSSES RELATIVE TO REALITY TO KEEP SUCKERS SUCKERED AND COMMISSION DOLLARS FLOWING BASED ON CONTINUED BAD NEWS ( ie., analysts concur in significant 5-15% pullback/correction for stocks, institutional selling, industrial production/construction down 1.1%, housing starts allegedly up but if believed will only increase the plethora of unsold inventories, empire manufacturing index suffers unexpectedly severe decline…daaaah!, credit dard defaults at record high, analysts concur that fundamentals don’t support stock rally and that pac money(defacto bribes) might derail any meaningful reform/regulation which is of concern to the frauds on wall street who should be prosecuted, record loss of wealth, higher gas prices, job losses, higher interest rates / yields, higher commodity prices, higher deficits, hyperinflation, record continuing unemployment claims at 6.8 million, worthless Weimar dollar crashing, money supply exploding with hyperinflation/higher interest rates coming, budget deficit at new highs and trade deficit worse than expected, analyst who called crash says inflationary depression, banks passed stress tests only with the help of fraudulent change in accounting rules, banks still insolvent, toxic assets even more toxic, dollar falling and a lot lower to go, $100 + oil by end of year, Obama/bernanke continuing failed policies of bush greenspan, recommends getting out of Dodge and u.s. assets ----- mortgage apps. down, service sector job losses/factory orders worse than expected, new record continuing unemployment claims, bernanke spend more money you don’t have but cut debilitating deficit…riiiiight…sounds like a plan with more job losses to come, etc, new record for continuing unemployment claims, fed downgrades outlook that previously provided b.s. for suckers’ rally, record low for new housing starts, etc.) AND BULL S**T ALONE (ie., Analyst who called crash says inflationary depression, banks passed stress tests only with the help of fraudulent change in accounting rules, banks still insolvent, toxic assets even more toxic, dollar falling and a lot lower to go, $100 + oil by end of year, Obama/bernanke continuing failed policies of bush greenspan, recommends getting out of Dodge and u.s. foreclosure sales up, prices down , ‘SELL IN MAY AND GO AWAY’, so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!

PREVIOUS 6-15-09, SECULAR BEAR MARKET PROGRAMMED SUCKERS RALLY INTO THE CLOSE TO FINISH WELL OFF THE LOWS WITH MODEST LOSSES RELATIVE TO REALITY TO KEEP SUCKERS SUCKERED AND COMMISSION DOLLARS FLOWING BASED ON CONTINUED BAD NEWS ( ie., empire manufacturing index suffers unexpectedly severe decline…daaaah!, credit dard defaults at record high, analysts concur that fundamentals don’t support stock rally and that pac money(defacto bribes) might derail any meaningful reform/regulation which is of concern to the frauds on wall street who should be prosecuted, record loss of wealth, higher gas prices, job losses, higher interest rates / yields, higher commodity prices, higher deficits, hyperinflation, record continuing unemployment claims at 6.8 million, worthless Weimar dollar crashing, money supply exploding with hyperinflation/higher interest rates coming, budget deficit at new highs and trade deficit worse than expected, analyst who called crash says inflationary depression, banks passed stress tests only with the help of fraudulent change in accounting rules, banks still insolvent, toxic assets even more toxic, dollar falling and a lot lower to go, $100 + oil by end of year, Obama/bernanke continuing failed policies of bush greenspan, recommends getting out of Dodge and u.s., new record for continuing unemployment claims, fed downgrades outlook that previously provided b.s. for suckers’ rally, record low for new housing starts, etc.) AND BULL S**T ALONE (ie., Analyst who called crash says inflationary depression, banks passed stress tests only with the help of fraudulent change in accounting rules, banks still insolvent, toxic assets even more toxic, dollar falling and a lot lower to go, $100 + oil by end of year, Obama/bernanke continuing failed policies of bush greenspan, recommends getting out of Dodge and u.s. assets foreclosure sales up, prices down , ‘SELL IN MAY AND GO AWAY’, so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!

PREVIOUS 6-11,12-09, HOW MANY TIMES CAN THE WALL STREET FRAUDS, WITH CYCLICAL REGULARITY, DO THE SAME OR SIMILAR FRAUD WITH IMPUNITY (STILL NOT ONE PROSECUTION IN THE MOST RECENT MASSIVE SECURITIES FRAUD, BUT PLENTY OF OBFUSCATION EMANATING FROM THE PERPETRATORS AS WELL AS THOSE WHO SHOULD BE PROSECUTING /PURSUING THEM) NOW REFLATING THE STOCK MARKET BUBBLE BASED UPON NOTHING AT ALL (BAD NEWS,FRAUD AND BULL S**T), CHANGING ACCOUNTING RULES TO FACILITATE THE COMMISSIONABLE BUBBLE FROM WHICH THE SOURCE OF FUNDS TO EVEN PAY BACK LOANS TO AVOID SCRUTINY OF THEIR NEW FRAUD IS GENERATED [SAVINGS AND LOAN DEBACLE, DOT.COM SELL THE SIZZLE BUST /DEBACLE, RECYCLED /REPACKAGED /RESOLD /RECOMMISSIONED WORTHLESS COLLATERALIZED SECURITIES /PAPER (IN THE TRILLIONS YET STILL NOT ADDRESSED), ETC., THE FRAUDS ARE GETTING LARGER, HENCE THE RIDICULOUS TOO BIG TO FAIL MANTRA … HOW PATHETIC! … THAT MONEY HAS TO COME FROM SOMEPLACE, IE., PRINTING, CREATING, YOUR POCKETS, … NOT OUT OF THIN AIR! ] , 300 - 1,000+ % SWING TO THE UPSIDE INTO THE CLOSE IN THIS SECULAR BEAR MARKET PROGRAMMED SUCKERS RALLY TO KEEP SUCKERS SUCKERED AND COMMISSION DOLLARS FLOWING BASED ON CONTINUED BAD NEWS ( ie., record loss of wealth, higher gas prices, job losses, higher interest rates / yields, higher commodity prices, higher deficits, hyperinflation, record continuing unemployment claims at 6.8 million, worthless Weimar dollar crashing, money supply exploding with hyperinflation/higher interest rates coming, budget deficit at new highs and trade deficit worse than expected, analyst who called crash says inflationary depression, banks passed stress tests only with the help of fraudulent change in accounting rules, banks still insolvent, toxic assets even more toxic, dollar falling and a lot lower to go, $100 + oil by end of year, Obama/bernanke continuing failed policies of bush greenspan, recommends getting out of Dodge and u.s. assets Jim Rogers: “The Worst is Not Over” 6/9/2009 Treasury faces pressure on price of TARP exit A depression so deep even teen shoppers scrimp US cities may have to be bulldozed in order to survive 1st quarter wiped out $1.3 trillion for Americans Get Ready for Inflation and Higher Interest Rates Oil prices near $73 as energy rally continues Fed Would Be Shut Down If It Were Audited Fed says economy weak, but sees signs the slide increasing Mounting deficits spark jitters about U.S. economy Wall Street falls as realities dent recovery hopes Bonds fall on worries about government's debt load (AP) Oil prices strike new high for 2009 (AP) The depression quietly deepens CHINA AIRS FEARS ON DOLLAR, DEBT... Oil hits 7-month high over $70... Yes, We’re STILL In a Depression China Bank Wants U.S. Bonds Issued in Yuan Fake government job loss report near 40% better than private forecasts…I don’t think so!…9.4% unemployment rate…try well over 10% and with stopped looking included over 20% , Jim Rogers CNBC - Jun 4th, 2009 - Currency Crisis Ahead U.S. unemployment hits record but job losses slow if you foolishly believe fake government reports near 40% better than private estimates - I don’t think so! …now China explores buying $50bn in IMF bonds US retailers report May sales declines Tiny Tim says dollar assets safe... Laughter from audience... Why The Chinese Laughed At Geithner ----- mortgage apps. down, service sector job losses/factory orders worse than expected, new record continuing unemployment claims, bernanke spend more money you don’t have but cut debilitating deficit…riiiiight…sounds like a plan with more job losses to come, etc., Economic data disappoint, indicate slow recovery Worse-than-expected economic data thwarts rally Jobless rates in U.S. cities zoom higher in April Sector Snap: Homebuilders tumble (AP) As the Dollar Falls Off the Cliff … Bernanke warns on deficits as Treasury rates rise ----- GOV'T OWES RECORD $63.8 TRILLION... The Big Collapse Is Very Near Dollar Declines as Nations Mull Reserve Currency Alternative Dollar Falls Most In A Month Since 1985 Leap in U.S. debt hits taxpayers with 12% more red ink Gold jumps above $970/oz as dollar weakens Double-Dip Depression , New Record Continuing Unemployment Claims, Marc Faber: “I Am 100% Sure that the U.S. Will Go Into Hyperinflation” Why We'll See Another Serious Equities Sell-Off Obama continuing Bush’s assault on the middle class Government will now own 72.5% of 'New GM'... Roubini: U.S. economy to dip again next year... Case-Shillers index shows new record decline in real estate prices, $80+ oil coming this year Dallas Federal Reserve: Unfunded Pension and Health-Care Liabilities Exceeds $99 Trillion Dollars Waterboard the Fed Obama: We Are Broke. Well, Duh! Russia Rationally Dumps Dollar as Reserve Currency - Adopts Euro , new record for continuing unemployment claims, fed downgrades outlook that previously provided b.s. for suckers’ rally, record low for new housing starts, etc.) AND BULL S**T ALONE (ie., Analyst who called crash says inflationary depression, banks passed stress tests only with the help of fraudulent change in accounting rules, banks still insolvent, toxic assets even more toxic, dollar falling and a lot lower to go, $100 + oil by end of year, Obama/bernanke continuing failed policies of bush greenspan, recommends getting out of Dodge and u.s. assets Venture Capital Bubble Set to Burst, Kedrosky Says Buy and Hold Is Dead. Long Live Buy and Hold! Financial Bailout Plan Keeps Zombie Banks Alive Bernanke then as now in denial about looming crisis 2005-2007 Retail sales, drop in jobless claims to a very high even if believed 601,000 yielding record continuing claims of 6.8 million fuel hope…if you’re a dope Lawmakers blast Fed, Treasury for BofA "threats" Oil climbs over $73 on hopes for rising demand U.S. Household Worth Fell by $1.3 Trillion in First Quarter Predictions of $250 a barrel on oil ECB Fears Reality of Banking Crisis in 2010: Report Get Ready for Inflation and Higher Interest Rates Bill To Audit Federal Reserve Now Has 209 Co-Sponsors Russia May Swap Some U.S. Treasuries for IMF Debt Fed report shows losses on Bear Stearns, AIG holdings Congress subpoenas the Fed ... Finally! (AP) Brazil in recession, recovery unlikely this year What a “Jobless Recovery” Really Means: A Massive Redistribution of Wealth from the Little Guy to the Big Boys Obama Tells American Businesses to Drop Dead America’s Fed Addiction “87 Percent of [Chinese] Respondents Believe China’s u.s. Dollar-Assets are Unsafe” Fed Said to Retreat From Seeking Power to Sell Its Own Debt/Bills WIRE: Obama Tells American Businesses to Drop Dead... Long-Term Economic Memory Loss Obama’s economic model versus reality Reality bites Internet as 1Q ad sales fall 5 pct (AP) CHINA AIRS FEARS ON DOLLAR, DEBT government reports better than private estimates…riiiiight! President of the Federal Reserve Bank of Kansas City Warns of Oligarchy U.S. unemployment hits record but job losses slow if you foolishly believe fake government reports near 40% better than private estimates - I don’t think so! …now Benefit spending soars to new high $100 Billion Bailout For IMF Tagged On To War Funding Bill Economic recovery is wishful thinking Gold, Silver Climb as Dollar Falls OPEC: OIL COULD REACH $90... ----- Existing home foreclosure sales up, and no profit discount car sales better than expected Diluting like crazy through new stock bubble issues Market Manipulation/Fraud: How Financial Markets Really Work Economist Warns Fed Will Bring About Zimbabwe Style Hyperinflation The $4 trillion housing headache (at Fortune) foreclosure sales up, prices down , ‘SELL IN MAY AND GO AWAY’, so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!

PREVIOUS 6-10-09, MODEST LOSSES WITH SECULAR BEAR MARKET PROGRAMMED SUCKERS RALLY INTO THE CLOSE TO KEEP SUCKERS SUCKERED AND COMMISSION DOLLARS FLOWING BASED ON CONTINUED BAD NEWS ( ie., budget deficit at new highs and trade deficit worse than expected, analyst who called crash says inflationary depression, banks passed stress tests only with the help of fraudulent change in accounting rules, banks still insolvent, toxic assets even more toxic, dollar falling and a lot lower to go, $100 + oil by end of year, Obama/bernanke continuing failed policies of bush greenspan, recommends getting out of Dodge and u.s. assets Jim Rogers: “The Worst is Not Over” 6/9/2009 Fed Would Be Shut Down If It Were Audited Fed says economy weak, but sees signs the slide increasing Mounting deficits spark jitters about U.S. economy Wall Street falls as realities dent recovery hopes Bonds fall on worries about government's debt load (AP) Oil prices strike new high for 2009 (AP) The depression quietly deepens CHINA AIRS FEARS ON DOLLAR, DEBT... Oil hits 7-month high over $70... Yes, We’re STILL In a Depression China Bank Wants U.S. Bonds Issued in Yuan Fake government job loss report near 40% better than private forecasts…I don’t think so!…9.4% unemployment rate…try well over 10% and with stopped looking included over 20% , Jim Rogers CNBC - Jun 4th, 2009 - Currency Crisis Ahead U.S. unemployment hits record but job losses slow if you foolishly believe fake government reports near 40% better than private estimates - I don’t think so! …now China explores buying $50bn in IMF bonds US retailers report May sales declines Tiny Tim says dollar assets safe... Laughter from audience... Why The Chinese Laughed At Geithner ----- mortgage apps. down, service sector job losses/factory orders worse than expected, new record continuing unemployment claims, bernanke spend more money you don’t have but cut debilitating deficit…riiiiight…sounds like a plan with more job losses to come, etc., Economic data disappoint, indicate slow recovery Worse-than-expected economic data thwarts rally Jobless rates in U.S. cities zoom higher in April Sector Snap: Homebuilders tumble (AP) As the Dollar Falls Off the Cliff … Bernanke warns on deficits as Treasury rates rise ----- GOV'T OWES RECORD $63.8 TRILLION... The Big Collapse Is Very Near Dollar Declines as Nations Mull Reserve Currency Alternative Dollar Falls Most In A Month Since 1985 Leap in U.S. debt hits taxpayers with 12% more red ink Gold jumps above $970/oz as dollar weakens Double-Dip Depression , New Record Continuing Unemployment Claims, Marc Faber: “I Am 100% Sure that the U.S. Will Go Into Hyperinflation” Why We'll See Another Serious Equities Sell-Off Obama continuing Bush’s assault on the middle class Government will now own 72.5% of 'New GM'... Roubini: U.S. economy to dip again next year... Case-Shillers index shows new record decline in real estate prices, $80+ oil coming this year Dallas Federal Reserve: Unfunded Pension and Health-Care Liabilities Exceeds $99 Trillion Dollars Waterboard the Fed Obama: We Are Broke. Well, Duh! Russia Rationally Dumps Dollar as Reserve Currency - Adopts Euro , new record for continuing unemployment claims, fed downgrades outlook that previously provided b.s. for suckers’ rally, record low for new housing starts, etc.) AND BULL S**T ALONE (ie., Analyst who called crash says inflationary depression, banks passed stress tests only with the help of fraudulent change in accounting rules, banks still insolvent, toxic assets even more toxic, dollar falling and a lot lower to go, $100 + oil by end of year, Obama/bernanke continuing failed policies of bush greenspan, recommends getting out of Dodge and u.s. assets Get Ready for Inflation and Higher Interest Rates Bill To Audit Federal Reserve Now Has 209 Co-Sponsors Russia May Swap Some U.S. Treasuries for IMF Debt Fed report shows losses on Bear Stearns, AIG holdings Congress subpoenas the Fed ... Finally! (AP) Brazil in recession, recovery unlikely this year What a “Jobless Recovery” Really Means: A Massive Redistribution of Wealth from the Little Guy to the Big Boys Obama Tells American Businesses to Drop Dead America’s Fed Addiction “87 Percent of [Chinese] Respondents Believe China’s u.s. Dollar-Assets are Unsafe” Fed Said to Retreat From Seeking Power to Sell Its Own Debt/Bills WIRE: Obama Tells American Businesses to Drop Dead... Long-Term Economic Memory Loss Obama’s economic model versus reality Reality bites Internet as 1Q ad sales fall 5 pct (AP) CHINA AIRS FEARS ON DOLLAR, DEBT government reports better than private estimates…riiiiight! President of the Federal Reserve Bank of Kansas City Warns of Oligarchy U.S. unemployment hits record but job losses slow if you foolishly believe fake government reports near 40% better than private estimates - I don’t think so! …now Benefit spending soars to new high $100 Billion Bailout For IMF Tagged On To War Funding Bill Economic recovery is wishful thinking Gold, Silver Climb as Dollar Falls OPEC: OIL COULD REACH $90... ----- Existing home foreclosure sales up, and no profit discount car sales better than expected Diluting like crazy through new stock bubble issues Market Manipulation/Fraud: How Financial Markets Really Work Economist Warns Fed Will Bring About Zimbabwe Style Hyperinflation The $4 trillion housing headache (at Fortune) foreclosure sales up, prices down , ‘SELL IN MAY AND GO AWAY’, so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!

PREVIOUS 6-8,9-09, INFLATIONARY DEPRESSION IS THE CALL EVEN AS SECULAR BEAR MARKET PROGRAMMED SUCKERS RALLY CONTINUES TO KEEP SUCKERS SUCKERED AND COMMISSION DOLLARS FLOWING BASED ON CONTINUED BAD NEWS ( ie., Analyst who called crash says inflationary depression, banks passed stress tests only with the help of fraudulent change in accounting rules, banks still insolvent, toxic assets even more toxic, dollar falling and a lot lower to go, $100 + oil by end of year, Obama/bernanke continuing failed policies of bush greenspan, recommends getting out of Dodge and u.s. assets The depression quietly deepens CHINA AIRS FEARS ON DOLLAR, DEBT... Oil hits 7-month high over $70... Yes, We’re STILL In a Depression China Bank Wants U.S. Bonds Issued in Yuan Fake government job loss report near 40% better than private forecasts…I don’t think so!…9.4% unemployment rate…try well over 10% and with stopped looking included over 20% , Jim Rogers CNBC - Jun 4th, 2009 - Currency Crisis Ahead U.S. unemployment hits record but job losses slow if you foolishly believe fake government reports near 40% better than private estimates - I don’t think so! …now China explores buying $50bn in IMF bonds US retailers report May sales declines Tiny Tim says dollar assets safe... Laughter from audience... Why The Chinese Laughed At Geithner ----- mortgage apps. down, service sector job losses/factory orders worse than expected, new record continuing unemployment claims, bernanke spend more money you don’t have but cut debilitating deficit…riiiiight…sounds like a plan with more job losses to come, etc., Economic data disappoint, indicate slow recovery Worse-than-expected economic data thwarts rally Jobless rates in U.S. cities zoom higher in April Sector Snap: Homebuilders tumble (AP) As the Dollar Falls Off the Cliff … Bernanke warns on deficits as Treasury rates rise ----- GOV'T OWES RECORD $63.8 TRILLION... The Big Collapse Is Very Near Dollar Declines as Nations Mull Reserve Currency Alternative Dollar Falls Most In A Month Since 1985 Leap in U.S. debt hits taxpayers with 12% more red ink Gold jumps above $970/oz as dollar weakens Double-Dip Depression , New Record Continuing Unemployment Claims, Marc Faber: “I Am 100% Sure that the U.S. Will Go Into Hyperinflation” Why We'll See Another Serious Equities Sell-Off Obama continuing Bush’s assault on the middle class Government will now own 72.5% of 'New GM'... Roubini: U.S. economy to dip again next year... Case-Shillers index shows new record decline in real estate prices, $80+ oil coming this year Dallas Federal Reserve: Unfunded Pension and Health-Care Liabilities Exceeds $99 Trillion Dollars Waterboard the Fed Obama: We Are Broke. Well, Duh! Russia Rationally Dumps Dollar as Reserve Currency - Adopts Euro , new record for continuing unemployment claims, fed downgrades outlook that previously provided b.s. for suckers’ rally, record low for new housing starts, etc.) AND BULL S**T ALONE (ie., Analyst who called crash says inflationary depression, banks passed stress tests only with the help of fraudulent change in accounting rules, banks still insolvent, toxic assets even more toxic, dollar falling and a lot lower to go, $100 + oil by end of year, Obama/bernanke continuing failed policies of bush greenspan, recommends getting out of Dodge and u.s. assets Congress subpoenas the Fed ... Finally! (AP) Brazil in recession, recovery unlikely this year What a “Jobless Recovery” Really Means: A Massive Redistribution of Wealth from the Little Guy to the Big Boys Obama Tells American Businesses to Drop Dead America’s Fed Addiction “87 Percent of [Chinese] Respondents Believe China’s u.s. Dollar-Assets are Unsafe” Fed Said to Retreat From Seeking Power to Sell Its Own Debt/Bills WIRE: Obama Tells American Businesses to Drop Dead... Long-Term Economic Memory Loss Obama’s economic model versus reality Reality bites Internet as 1Q ad sales fall 5 pct (AP) CHINA AIRS FEARS ON DOLLAR, DEBT government reports better than private estimates…riiiiight! President of the Federal Reserve Bank of Kansas City Warns of Oligarchy U.S. unemployment hits record but job losses slow if you foolishly believe fake government reports near 40% better than private estimates - I don’t think so! …now Benefit spending soars to new high $100 Billion Bailout For IMF Tagged On To War Funding Bill Economic recovery is wishful thinking Gold, Silver Climb as Dollar Falls OPEC: OIL COULD REACH $90... ----- Existing home foreclosure sales up, and no profit discount car sales better than expected Diluting like crazy through new stock bubble issues Market Manipulation/Fraud: How Financial Markets Really Work Economist Warns Fed Will Bring About Zimbabwe Style Hyperinflation The $4 trillion housing headache (at Fortune) foreclosure sales up, prices down , ‘SELL IN MAY AND GO AWAY’, so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!

PREVIOUS 6-5-09, SECULAR BEAR MARKET PROGRAMMED SUCKERS RALLY INTO THE CLOSE TO KEEP SUCKERS SUCKERED BASED ON CONTINUED BAD NEWS ( ie., Yes, We’re STILL In a Depression China Bank Wants U.S. Bonds Issued in Yuan Fake government job loss report near 40% better than private forecasts…I don’t think so!…9.4% unemployment rate…try well over 10% and with stopped looking included over 20% , Jim Rogers CNBC - Jun 4th, 2009 - Currency Crisis Ahead U.S. unemployment hits record but job losses slow if you foolishly believe fake government reports near 40% better than private estimates - I don’t think so! …now China explores buying $50bn in IMF bonds US retailers report May sales declines Tiny Tim says dollar assets safe... Laughter from audience... Why The Chinese Laughed At Geithner ----- mortgage apps. down, service sector job losses/factory orders worse than expected, new record continuing unemployment claims, bernanke spend more money you don’t have but cut debilitating deficit…riiiiight…sounds like a plan with more job losses to come, etc., Economic data disappoint, indicate slow recovery Worse-than-expected economic data thwarts rally Jobless rates in U.S. cities zoom higher in April Sector Snap: Homebuilders tumble (AP) As the Dollar Falls Off the Cliff … Bernanke warns on deficits as Treasury rates rise ----- GOV'T OWES RECORD $63.8 TRILLION... The Big Collapse Is Very Near Dollar Declines as Nations Mull Reserve Currency Alternative Dollar Falls Most In A Month Since 1985 Leap in U.S. debt hits taxpayers with 12% more red ink Gold jumps above $970/oz as dollar weakens Double-Dip Depression , New Record Continuing Unemployment Claims, Marc Faber: “I Am 100% Sure that the U.S. Will Go Into Hyperinflation” Why We'll See Another Serious Equities Sell-Off Obama continuing Bush’s assault on the middle class Government will now own 72.5% of 'New GM'... Roubini: U.S. economy to dip again next year... Case-Shillers index shows new record decline in real estate prices, $80+ oil coming this year Dallas Federal Reserve: Unfunded Pension and Health-Care Liabilities Exceeds $99 Trillion Dollars Waterboard the Fed Obama: We Are Broke. Well, Duh! Russia Rationally Dumps Dollar as Reserve Currency - Adopts Euro , new record for continuing unemployment claims, fed downgrades outlook that previously provided b.s. for suckers’ rally, record low for new housing starts, etc.) AND BULL S**T ALONE (ie., Long-Term Economic Memory Loss Obama’s economic model versus reality Reality bites Internet as 1Q ad sales fall 5 pct (AP) CHINA AIRS FEARS ON DOLLAR, DEBT government reports better than private estimates…riiiiight! President of the Federal Reserve Bank of Kansas City Warns of Oligarchy U.S. unemployment hits record but job losses slow if you foolishly believe fake government reports near 40% better than private estimates - I don’t think so! …now Benefit spending soars to new high $100 Billion Bailout For IMF Tagged On To War Funding Bill Economic recovery is wishful thinking Gold, Silver Climb as Dollar Falls OPEC: OIL COULD REACH $90... ----- Existing home foreclosure sales up, and no profit discount car sales better than expected Diluting like crazy through new stock bubble issues Market Manipulation/Fraud: How Financial Markets Really Work Economist Warns Fed Will Bring About Zimbabwe Style Hyperinflation The $4 trillion housing headache (at Fortune) foreclosure sales up, prices down , ‘SELL IN MAY AND GO AWAY’, so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!

PREVIOUS 6-5-09, FAKE GOVERNMENT JOBS REPORT FUELS SECULAR BEAR MARKET PROGRAMMED SUCKERS RALLY TO KEEP SUCKERS SUCKERED BASED ON CONTINUED BAD NEWS ( ie., Fake government job loss report near 40% better than private forecasts…I don’t think so!…9.4% unemployment rate…try well over 10% and with stopped looking included over 20% , Jim Rogers CNBC - Jun 4th, 2009 - Currency Crisis Ahead U.S. unemployment hits record but job losses slow if you foolishly believe fake government reports near 40% better than private estimates - I don’t think so! …now China explores buying $50bn in IMF bonds US retailers report May sales declines Tiny Tim says dollar assets safe... Laughter from audience... Why The Chinese Laughed At Geithner ----- mortgage apps. down, service sector job losses/factory orders worse than expected, new record continuing unemployment claims, bernanke spend more money you don’t have but cut debilitating deficit…riiiiight…sounds like a plan with more job losses to come, etc., Economic data disappoint, indicate slow recovery Worse-than-expected economic data thwarts rally Jobless rates in U.S. cities zoom higher in April Sector Snap: Homebuilders tumble (AP) As the Dollar Falls Off the Cliff … Bernanke warns on deficits as Treasury rates rise ----- GOV'T OWES RECORD $63.8 TRILLION... The Big Collapse Is Very Near Dollar Declines as Nations Mull Reserve Currency Alternative Dollar Falls Most In A Month Since 1985 Leap in U.S. debt hits taxpayers with 12% more red ink Gold jumps above $970/oz as dollar weakens Double-Dip Depression , New Record Continuing Unemployment Claims, Marc Faber: “I Am 100% Sure that the U.S. Will Go Into Hyperinflation” Why We'll See Another Serious Equities Sell-Off Obama continuing Bush’s assault on the middle class Government will now own 72.5% of 'New GM'... Roubini: U.S. economy to dip again next year... Case-Shillers index shows new record decline in real estate prices, $80+ oil coming this year Dallas Federal Reserve: Unfunded Pension and Health-Care Liabilities Exceeds $99 Trillion Dollars Waterboard the Fed Obama: We Are Broke. Well, Duh! Russia Rationally Dumps Dollar as Reserve Currency - Adopts Euro , new record for continuing unemployment claims, fed downgrades outlook that previously provided b.s. for suckers’ rally, record low for new housing starts, etc.) AND BULL S**T ALONE (ie., government reports better than private estimates…riiiiight! President of the Federal Reserve Bank of Kansas City Warns of Oligarchy U.S. unemployment hits record but job losses slow if you foolishly believe fake government reports near 40% better than private estimates - I don’t think so! …now Benefit spending soars to new high $100 Billion Bailout For IMF Tagged On To War Funding Bill Economic recovery is wishful thinking Gold, Silver Climb as Dollar Falls OPEC: OIL COULD REACH $90... ----- Existing home foreclosure sales up, and no profit discount car sales better than expected Diluting like crazy through new stock bubble issues Market Manipulation/Fraud: How Financial Markets Really Work Economist Warns Fed Will Bring About Zimbabwe Style Hyperinflation The $4 trillion housing headache (at Fortune) foreclosure sales up, prices down , ‘SELL IN MAY AND GO AWAY’, so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!

PREVIOUS 6-4-09, SHORT-COVERING/SUCKERS RALLY TO KEEP SUCKERS SUCKERED BASED ON CONTINUED BAD NEWS ( ie., US retailers report May sales declines Tiny Tim says dollar assets safe... Laughter from audience... Why The Chinese Laughed At Geithner ----- mortgage apps. down, service sector job losses/factory orders worse than expected, new record continuing unemployment claims, bernanke spend more money you don’t have but cut debilitating deficit…riiiiight…sounds like a plan with more job losses to come, etc., Economic data disappoint, indicate slow recovery Worse-than-expected economic data thwarts rally Jobless rates in U.S. cities zoom higher in April Sector Snap: Homebuilders tumble (AP) As the Dollar Falls Off the Cliff … Bernanke warns on deficits as Treasury rates rise ----- GOV'T OWES RECORD $63.8 TRILLION... The Big Collapse Is Very Near Dollar Declines as Nations Mull Reserve Currency Alternative Dollar Falls Most In A Month Since 1985 Leap in U.S. debt hits taxpayers with 12% more red ink Gold jumps above $970/oz as dollar weakens Double-Dip Depression , New Record Continuing Unemployment Claims, Marc Faber: “I Am 100% Sure that the U.S. Will Go Into Hyperinflation” Why We'll See Another Serious Equities Sell-Off Obama continuing Bush’s assault on the middle class Government will now own 72.5% of 'New GM'... Roubini: U.S. economy to dip again next year... Case-Shillers index shows new record decline in real estate prices, $80+ oil coming this year Dallas Federal Reserve: Unfunded Pension and Health-Care Liabilities Exceeds $99 Trillion Dollars Waterboard the Fed Obama: We Are Broke. Well, Duh! Russia Rationally Dumps Dollar as Reserve Currency - Adopts Euro , new record for continuing unemployment claims, fed downgrades outlook that previously provided b.s. for suckers’ rally, record low for new housing starts, etc.) AND BULL S**T ALONE (ie., government reports slightly better than private estimates…riiiiight! Benefit spending soars to new high $100 Billion Bailout For IMF Tagged On To War Funding Bill Economic recovery is wishful thinking Gold, Silver Climb as Dollar Falls OPEC: OIL COULD REACH $90... ----- Existing home foreclosure sales up, and no profit discount car sales better than expected Diluting like crazy through new stock bubble issues Market Manipulation/Fraud: How Financial Markets Really Work Economist Warns Fed Will Bring About Zimbabwe Style Hyperinflation The $4 trillion housing headache (at Fortune) foreclosure sales up, prices down , ‘SELL IN MAY AND GO AWAY’, so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!

PREVIOUS 6-3-09, ONLY MODEST LOSSES RELATIVE TO REALITY WITH PROGRAMMED SHORT-COVERING/SUCKERS RALLY INTO THE CLOSE TO KEEP SUCKERS SUCKERED BASED ON CONTINUED BAD NEWS ( ie., mortgage apps. down, service sector job losses/factory orders worse than expected, new record continuing unemployment claims, bernanke spend more money you don’t have but cut debilitating deficit…riiiiight…sounds like a plan with more job losses to come, etc., Economic data disappoint, indicate slow recovery Worse-than-expected economic data thwarts rally Jobless rates in U.S. cities zoom higher in April Sector Snap: Homebuilders tumble (AP) As the Dollar Falls Off the Cliff … Bernanke warns on deficits as Treasury rates rise ----- GOV'T OWES RECORD $63.8 TRILLION... The Big Collapse Is Very Near Dollar Declines as Nations Mull Reserve Currency Alternative Dollar Falls Most In A Month Since 1985 Leap in U.S. debt hits taxpayers with 12% more red ink Gold jumps above $970/oz as dollar weakens Double-Dip Depression , New Record Continuing Unemployment Claims, Marc Faber: “I Am 100% Sure that the U.S. Will Go Into Hyperinflation” Why We'll See Another Serious Equities Sell-Off Obama continuing Bush’s assault on the middle class Government will now own 72.5% of 'New GM'... Roubini: U.S. economy to dip again next year... Case-Shillers index shows new record decline in real estate prices, $80+ oil coming this year Dallas Federal Reserve: Unfunded Pension and Health-Care Liabilities Exceeds $99 Trillion Dollars Waterboard the Fed Obama: We Are Broke. Well, Duh! Russia Rationally Dumps Dollar as Reserve Currency - Adopts Euro , new record for continuing unemployment claims, fed downgrades outlook that previously provided b.s. for suckers’ rally, record low for new housing starts, etc.) AND BULL S**T ALONE (ie., $100 Billion Bailout For IMF Tagged On To War Funding Bill Economic recovery is wishful thinking Gold, Silver Climb as Dollar Falls OPEC: OIL COULD REACH $90... ----- Existing home foreclosure sales up, and no profit discount car sales better than expected Diluting like crazy through new stock bubble issues Market Manipulation/Fraud: How Financial Markets Really Work Economist Warns Fed Will Bring About Zimbabwe Style Hyperinflation The $4 trillion housing headache (at Fortune) foreclosure sales up, prices down , ‘SELL IN MAY AND GO AWAY’, so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!

PREVIOUS 6-1-09, MORE CAN’T BE SAID, SO PREPOSTEROUS WAS THIS TYPICALLY FAKE BETTER THAN EXPECTED (RIIIIIGHT!) COMMERCE DEPARTMENT DATA SUCKERS’ RALLY TO KEEP SUCKERS SUCKERED BASED ON CONTINUED BAD NEWS ( ie., `GOV'T OWES RECORD $63.8 TRILLION...` Dollar Falls Most In A Month Since 1985 Leap in U.S. debt hits taxpayers with 12% more red ink Gold jumps above $970/oz as dollar weakens Double-Dip Depression , New Record Continuing Unemployment Claims, Marc Faber: “I Am 100% Sure that the U.S. Will Go Into Hyperinflation” Why We'll See Another Serious Equities Sell-Off Obama continuing Bush’s assault on the middle class `Government will now own 72.5% of 'New GM'...` `Roubini: U.S. economy to dip again next year...` Case-Shillers index shows new record decline in real estate prices, $80+ oil coming this year Dallas Federal Reserve: Unfunded Pension and Health-Care Liabilities Exceeds $99 Trillion Dollars Waterboard the Fed Obama: We Are Broke. Well, Duh! Russia Rationally Dumps Dollar as Reserve Currency - Adopts Euro , new record for continuing unemployment claims, fed downgrades outlook that previously provided b.s. for suckers’ rally, record low for new housing starts, etc.) AND BULL S**T ALONE (ie., Market Manipulation/Fraud: How Financial Markets Really Work Economist Warns Fed Will Bring About Zimbabwe Style Hyperinflation The $4 trillion housing headache (at Fortune) foreclosure sales up, prices down , ‘SELL IN MAY AND GO AWAY’, so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! Most U.S. retailers likely saw sales fall in May GM files for bankruptcy, urges quick action GM: A Mighty Icon Files for Bankruptcy Dow gets shake-up as GM, Citi kicked out of average GM removed from S&P 500 index (AP) Stocks Will Fall 37% and Gold Will Rally % Even in Crisis, Banks Dig In for Fight Against Rules New York Times | The nine biggest participants in the derivatives market — including JPMorgan Chase, Goldman Sachs, Citigroup and Bank of America — created a lobbying organization, the CDS Dealers Consortium, a month after five of its members accepted federal bailout money. Zoellick Warns Stimulus ‘Sugar High’ Won’t Stem Unemployment Bloomberg | World Bank President Robert Zoellick warned policy makers that fiscal-stimulus plans are insufficient to turn around the “real economy”

PROGRAMMED TRADES/SUCKERS’ HIGH OIL/LOW DOLLAR (RIIIIIGHT!) RALLY INTO THE CLOSE TO KEEP SUCKERS SUCKERED BASED ON BAD NEWS ( ie., GOV'T OWES RECORD $63.8 TRILLION... Dollar Falls Most In A Month Since 1985 Leap in U.S. debt hits taxpayers with 12% more red ink Gold jumps above $970/oz as dollar weakens Double-Dip Depression , New Record Continuing Unemployment Claims, Marc Faber: “I Am 100% Sure that the U.S. Will Go Into Hyperinflation” Why We'll See Another Serious Equities Sell-Off Obama continuing Bush’s assault on the middle class Government will now own 72.5% of 'New GM'... Roubini: U.S. economy to dip again next year... Case-Shillers index shows new record decline in real estate prices, $80+ oil coming this year Dallas Federal Reserve: Unfunded Pension and Health-Care Liabilities Exceeds $99 Trillion Dollars Waterboard the Fed Obama: We Are Broke. Well, Duh! Russia Rationally Dumps Dollar as Reserve Currency - Adopts Euro , new record for continuing unemployment claims, fed downgrades outlook that previously provided b.s. for suckers’ rally, record low for new housing starts, etc.) AND BULL S**T ALONE (ie., Market Manipulation/Fraud: How Financial Markets Really Work Economist Warns Fed Will Bring About Zimbabwe Style Hyperinflation The $4 trillion housing headache (at Fortune) foreclosure sales up, prices down , ‘SELL IN MAY AND GO AWAY’, so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!

PREVIOUS 5-29-09, PROGRAMMED TRADES/SUCKERS’ HIGH OIL/LOW DOLLAR (RIIIIIGHT!) RALLY INTO THE CLOSE TO KEEP SUCKERS SUCKERED BASED ON BAD NEWS ( ie., GOV'T OWES RECORD $63.8 TRILLION... Dollar Falls Most In A Month Since 1985 Leap in U.S. debt hits taxpayers with 12% more red ink Gold jumps above $970/oz as dollar weakens Double-Dip Depression , New Record Continuing Unemployment Claims, Marc Faber: “I Am 100% Sure that the U.S. Will Go Into Hyperinflation” Why We'll See Another Serious Equities Sell-Off Obama continuing Bush’s assault on the middle class Government will now own 72.5% of 'New GM'... Roubini: U.S. economy to dip again next year... Case-Shillers index shows new record decline in real estate prices, $80+ oil coming this year Dallas Federal Reserve: Unfunded Pension and Health-Care Liabilities Exceeds $99 Trillion Dollars Waterboard the Fed Obama: We Are Broke. Well, Duh! Russia Rationally Dumps Dollar as Reserve Currency - Adopts Euro , new record for continuing unemployment claims, fed downgrades outlook that previously provided b.s. for suckers’ rally, record low for new housing starts, etc.) AND BULL S**T ALONE (ie., Market Manipulation/Fraud: How Financial Markets Really Work Economist Warns Fed Will Bring About Zimbabwe Style Hyperinflation The $4 trillion housing headache (at Fortune) foreclosure sales up, prices down , ‘SELL IN MAY AND GO AWAY’, so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!

PREVIOUS 5-28-09, SUCKERS’ RALLY INTO THE CLOSE TO KEEP SUCKERS SUCKERED BASED ON BAD NEWS ( ie., Double-Dip Depression , New Record Continuing Unemployment Claims, Marc Faber: “I Am 100% Sure that the U.S. Will Go Into Hyperinflation” Why We'll See Another Serious Equities Sell-Off Obama continuing Bush’s assault on the middle class Government will now own 72.5% of 'New GM'... Roubini: U.S. economy to dip again next year... Case-Shillers index shows new record decline in real estate prices, $80+ oil coming this year Dallas Federal Reserve: Unfunded Pension and Health-Care Liabilities Exceeds $99 Trillion Dollars Waterboard the Fed Obama: We Are Broke. Well, Duh! Russia Rationally Dumps Dollar as Reserve Currency - Adopts Euro , new record for continuing unemployment claims, fed downgrades outlook that previously provided b.s. for suckers’ rally, record low for new housing starts, etc.) AND BULL S**T ALONE (ie., Economist Warns Fed Will Bring About Zimbabwe Style Hyperinflation The $4 trillion housing headache (at Fortune) foreclosure sales up, prices down , ‘SELL IN MAY AND GO AWAY’, so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! Foreclosure woes mount for those with good credit Fed Finds a Way to Use Stress Tests to Screw Bank Shareholders One More Time (at Seeking Alpha) Time Warner to spin off AOL, ending ill-fated deal [$$] Listen, But Don't Get Suckered Faber: Inflation to 'Approach Zimbabwe Level'... U.S. Weighs Single Agency to Regulate Banking Industry Yet Ignores Existing Laws, Prosecution, and Disgorgement in this Huge Fraud…Why

PREVIOUS 5-27-09, MODEST LOSSES RELATIVE TO REALITY TO KEEP SUCKERS SUCKERED BASED ON BAD NEWS ( ie., Double-Dip Depression Marc Faber: “I Am 100% Sure that the U.S. Will Go Into Hyperinflation” Why We'll See Another Serious Equities Sell-Off Case-Shillers index shows new record decline in real estate prices, $80+ oil coming this year Dallas Federal Reserve: Unfunded Pension and Health-Care Liabilities Exceeds $99 Trillion Dollars Waterboard the Fed Obama: We Are Broke. Well, Duh! Russia Rationally Dumps Dollar as Reserve Currency - Adopts Euro Britain's Debt Outlook Gets Bleaker: Same Implications for the U.S…how could anyone be surprised about that? Regulators shut 2 more, 35 and 36, failed banks this year in Illinois (AP) GM borrows $4 billion more, prepares for bankruptcy Job losses up in 44 states as recession drags on Florida's BankUnited fails, will cost FDIC $4.9B (AP) Regulators seize 34th bank failure of year Florida's BankUnited FSB (AP) , new record for continuing unemployment claims, fed downgrades outlook that previously provided b.s. for suckers’ rally, record low for new housing starts, etc.) AND BULL S**T ALONE (ie., Economist Warns Fed Will Bring About Zimbabwe Style Hyperinflation The $4 trillion housing headache (at Fortune) foreclosure sales up, prices down Treasury Selloff Spiking Interest Rates GM bankruptcy seen near GM all but certain to file for Chapter 11 US Government to Take Up 70% Stake in GM FDIC Fund Running Dry Yahoo Finance | As the FDIC has had to step in to take over more and more insolvent banks, the fund has dwindled to dangerously low levels. At the same time, the number of problem banks continues to grow at a rapid pace. IRS tax revenue falls along with taxpayers’ income USA Today | Federal tax revenue plunged $138 billion, or 34%, in April vs. a year ago — the biggest April drop since 1981. ‘SELL IN MAY AND GO AWAY’, so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME "You have to balance hope with reality," says Doug Sandler, chief equity officer at Riverfront Investment Group. Sandler tells Andrew O'Day "this is a good example of a year where you probably have a lot of hope early, then the reality coming through Wall Street sags on oil; S&P ends worst week in 2 months Following Chrysler, GM slashing U.S. dealers SEC lawyers probed for insider trading GM, Chrysler to drop 1,900 dealers by end of 2010 The Financial Storm Obama Says U.S. Long-Term Debt Load ‘Unsustainable’ “The Worst Is Yet to Come” China’s yuan ’set to usurp US dollar’ as world’s reserve currency Former Treasury Official who Devised Formula for Rate-Setting Based on Outlook for Inflation and Growth Warns that Inflation Looms, Slams Fed Policy Dr. Doom: Capitalism Could Fail Like Communism New York Fed: Most Powerful Financial Institution You’ve Never Heard Of along with the missing $4 trillion you’ve never heard of Home Prices Drop Most on Record... Federal Hiring Frenzy......average pay $75,419 A Coming Flood of Equity Issuance, aka The Dilution Solution Fed cut banks' deficits after negotiations: sounds like a plan…riiiiight!…report Buffett's Berkshire has first loss since 2001 Are stocks a loser's bet?YES! Deficits soar even with rosy assumptions in new Obama budget... America is broke. How broke? White House forecasts higher budget deficit US red ink rising even higher, to $1.8T Deficits soar even with rosy assumptions in new Obama budget... STIMULUS WATCH: Early road aid leaves out neediest; Auditors can't track transportation funds... Gas price jumps to 6-month high... Six GM executives sell more than 200,000 shares John Hussman: Post Crash Bubbles …Unfortunately, “fear” lows are only evident in hindsight, because as we saw in 2008, a deeply oversold market can become spectacularly more oversold before recovering, and the “fast, furious” spikes off of those lows are often followed by steep failures.... Fed Inspector General Claims She Does Not Know Where Trillions Went Rep. Alan Grayson | Inspector General Elizabeth Coleman responds that the IG does not know and is not tracking where this money is. Recovery? What Recovery? Newsweek | Don’t tell me that the economy is getting better, or has even hit rock bottom. Prospects of a quick economic recovery are but fool’s gold Boosting The Dying Dollar With A False Rally Suckers rally sets up the unwinding of the market, Rally just like in 1933, wealth producers becoming impoverished, Fed officer busted for fraud, troubles in the Economy are far beyond fixing, interdependence of banks around the world expected to worsen economic problems. New York Fed chairman Friedman abruptly resigns BEWARE OF THE SUCKER'S RALLY? Betrayal of the People By Wall Street, Banks, and Government FLASH: Treasury Borrows Record $361 Billion for 2nd Quarter... The Great Geithner Coverup Obama Maintains His Perfect Batting Average for Appointing Failed Insiders to Key Economic Posts Secretary of Labor Reich: Unemployment Numbers Show We’re Already In a Depression

PREVIOUS 5-26-09, suckers’ rally to keep suckers suckered based on bad news ( ie., Case-Shillers index shows new record decline in real estate prices, Dallas Federal Reserve: Unfunded Pension and Health-Care Liabilities Exceeds $99 Trillion Dollars Waterboard the Fed Obama: We Are Broke. Well, Duh! Russia Rationally Dumps Dollar as Reserve Currency - Adopts Euro Britain's Debt Outlook Gets Bleaker: Same Implications for the U.S…how could anyone be surprised about that? Regulators shut 2 more, 35 and 36, failed banks this year in Illinois (AP) GM borrows $4 billion more, prepares for bankruptcy Job losses up in 44 states as recession drags on Florida's BankUnited fails, will cost FDIC $4.9B (AP) Regulators seize 34th bank failure of year Florida's BankUnited FSB (AP) , new record for continuing unemployment claims, fed downgrades outlook that previously provided b.s. for suckers’ rally, record low for new housing starts, etc.) and bull s**t alone (ie., fake consumer confidence reading 30+% better than private estimate sucker-rallies stocks , Current Recession Is Tracking the 1930s Bear Market , Another Bottom for Stocks Coming: Rogers (at CNBC) , The Sleepwalkers' Rally , Rogers Echoes Warning Of “Sucker’s Rally” , don’t forget that the suckers rally stock prices accounted for the very modest but ephemeral uptick in leading indicators Dallas Federal Reserve: Unfunded Pension and Health-Care Liabilities Exceeds $99 Trillion Dollars ) , ‘SELL IN MAY AND GO AWAY’, so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! America is broke. How broke? White House forecasts higher budget deficit US red ink rising even higher, to $1.8T Deficits soar even with rosy assumptions in new Obama budget... STIMULUS WATCH: Early road aid leaves out neediest; Auditors can't track transportation funds... Gas price jumps to 6-month high... Six GM executives sell more than 200,000 shares John Hussman: Post Crash Bubbles …Unfortunately, “fear” lows are only evident in hindsight, because as we saw in 2008, a deeply oversold market can become spectacularly more oversold before recovering, and the “fast, furious” spikes off of those lows are often followed by steep failures.... Fed Inspector General Claims She Does Not Know Where Trillions Went Rep. Alan Grayson | Inspector General Elizabeth Coleman responds that the IG does not know and is not tracking where this money is. Recovery? What Recovery? Newsweek | Don’t tell me that the economy is getting better, or has even hit rock bottom. Prospects of a quick economic recovery are but fool’s gold Boosting The Dying Dollar With A False Rally Suckers rally sets up the unwinding of the market, Rally just like in 1933, wealth producers becoming impoverished, Fed officer busted for fraud, troubles in the Economy are far beyond fixing, interdependence of banks around the world expected to worsen economic problems. New York Fed chairman Friedman abruptly resigns BEWARE OF THE SUCKER'S RALLY? Betrayal of the People By Wall Street, Banks, and Government FLASH: Treasury Borrows Record $361 Billion for 2nd Quarter... The Great Geithner Coverup Obama Maintains His Perfect Batting Average for Appointing Failed Insiders to Key Economic Posts Secretary of Labor Reich: Unemployment Numbers Show We’re Already In a Depression

PREVIOUS 5-22-09, only very modest losses relative to reality based on bad news ( ie., Russia Rationally Dumps Dollar as Reserve Currency - Adopts Euro Britain's Debt Outlook Gets Bleaker: Same Implications for the U.S…how could anyone be surprised about that? Regulators shut 2 more, 35 and 36, failed banks this year in Illinois (AP) GM borrows $4 billion more, prepares for bankruptcy Job losses up in 44 states as recession drags on Florida's BankUnited fails, will cost FDIC $4.9B (AP) Regulators seize 34th bank failure of year Florida's BankUnited FSB (AP) , new record for continuing unemployment claims, fed downgrades outlook that previously provided b.s. for suckers’ rally, record low for new housing starts, etc.) and bull s**t alone (Current Recession Is Tracking the 1930s Bear Market , Another Bottom for Stocks Coming: Rogers (at CNBC) , The Sleepwalkers' Rally , Rogers Echoes Warning Of “Sucker’s Rally” , don’t forget that the suckers rally stock prices accounted for the very modest but ephemeral uptick in leading indicators ) , ‘SELL IN MAY AND GO AWAY’, so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! Regulators shut 2 more, 35 and 36, failed banks this year in Illinois (AP) GM borrows $4 billion more, prepares for bankruptcy Job losses up in 44 states as recession drags on Bill to Audit Fed Wisely Gains Serious Momentum U.S. to Steer GM Toward Bankruptcy Gold tops $960 for first time in two months as dollar weakens South Afica gold coin demand hits all time high Peter Schiff called “Extremist” by Time Magazine Geithner Vows to Cut U.S. Deficit on Rating Concern…riiiiight!…con Gold Poised for Third Weekly Gain as Dollar Slumps Against Euro SEC lawyers probed for insider trading GM, Chrysler to drop 1,900 dealers by end of 2010 The Financial Storm Obama Says U.S. Long-Term Debt Load ‘Unsustainable’ “The Worst Is Yet to Come” China’s yuan ’set to usurp US dollar’ as world’s reserve currency Former Treasury Official who Devised Formula for Rate-Setting Based on Outlook for Inflation and Growth Warns that Inflation Looms, Slams Fed Policy Dr. Doom: Capitalism Could Fail Like Communism New York Fed: Most Powerful Financial Institution You’ve Never Heard Of along with the missing $4 trillion you’ve never heard of Home Prices Drop Most on Record... Federal Hiring Frenzy......average pay $75,419 A Coming Flood of Equity Issuance, aka The Dilution Solution Fed cut banks' deficits after negotiations: sounds like a plan…riiiiight!…report Buffett's Berkshire has first loss since 2001 Are stocks a loser's bet?YES! Deficits soar even with rosy assumptions in new Obama budget... America is broke. How broke? White House forecasts higher budget deficit US red ink rising even higher, to $1.8T Deficits soar even with rosy assumptions in new Obama budget... STIMULUS WATCH: Early road aid leaves out neediest; Auditors can't track transportation funds... Gas price jumps to 6-month high... Six GM executives sell more than 200,000 shares John Hussman: Post Crash Bubbles …Unfortunately, “fear” lows are only evident in hindsight, because as we saw in 2008, a deeply oversold market can become spectacularly more oversold before recovering, and the “fast, furious” spikes off of those lows are often followed by steep failures.... Fed Inspector General Claims She Does Not Know Where Trillions Went Rep. Alan Grayson | Inspector General Elizabeth Coleman responds that the IG does not know and is not tracking where this money is. Recovery? What Recovery? Newsweek | Don’t tell me that the economy is getting better, or has even hit rock bottom. Prospects of a quick economic recovery are but fool’s gold Boosting The Dying Dollar With A False Rally Suckers rally sets up the unwinding of the market, Rally just like in 1933, wealth producers becoming impoverished, Fed officer busted for fraud, troubles in the Economy are far beyond fixing, interdependence of banks around the world expected to worsen economic problems. New York Fed chairman Friedman abruptly resigns BEWARE OF THE SUCKER'S RALLY? Betrayal of the People By Wall Street, Banks, and Government FLASH: Treasury Borrows Record $361 Billion for 2nd Quarter... The Great Geithner Coverup Obama Maintains His Perfect Batting Average for Appointing Failed Insiders to Key Economic Posts Secretary of Labor Reich: Unemployment Numbers Show We’re Already In a Depression

PREVIOUS 5-21-09, only modest losses relative to reality as rally into the close keeps suckers suckered based on bad news ( ie., Russia Rationally Dumps Dollar as Reserve Currency - Adopts Euro Florida's BankUnited fails, will cost FDIC $4.9B (AP) Regulators seize 34th bank failure of year Florida's BankUnited FSB (AP) , new record for continuing unemployment claims, fed downgrades outlook that previously provided b.s. for suckers’ rally, record low for new housing starts, etc.) and bull s**t alone (Current Recession Is Tracking the 1930s Bear Market , Another Bottom for Stocks Coming: Rogers (at CNBC) , The Sleepwalkers' Rally , Rogers Echoes Warning Of “Sucker’s Rally” , don’t forget that the suckers rally stock prices accounted for the very modest but ephemeral uptick in leading indicators ) , ‘SELL IN MAY AND GO AWAY’, so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! Britain's Debt Outlook Gets Bleaker: Same Implications for the U.S…how could anyone be surprised about that? GMAC receives $7.5 billion in new Treasury aid (AP) Dollar hits '09 low on rating fears; stocks dip (Reuters) U.K. to Lose AAA Rating at S&P as Finances Weaken U.S. Stocks Decline on Jobless Claims, greenspan, who helped create the debacle and should thereby know, Warning Gold May Test $1,200 (5-20) The Weimar Hyperinflation is Happening Again! With fed printing/creating like mad, what did they expect? Rogers Echoes Warning Of “Sucker’s Rally” Green Shoots: Too Small, Too Far Apart The Sleepwalkers' Rally Former head of pension agency takes the Fifth (AP) Global stocks slip, dollar tumbles after downbeat Fed Depression hits already defacto bankrupt Social Security hard Gold purchases up 36% as investors look to preserve wealth China Gold Reserves May Back Yuan Internationalization-Report 22 reasons why OBAMA will raise your taxes Federal debt is now $11.5 trillion. Add $1.4 trillion this year. That’s almost 100% of GDP. (5-19) Deficit surges at agency that insures pensions (AP) China and Brazil Plan to Dump Dollar HP's profit drops, more layoffs looming Japan logs record GDP drop Senator: More oversight needed at insolvent pension agency (AP) Inflating Our Way Out of This Mess? Why This Won't Work Japan's economy in record plunge Jim Rogers: Obama will Devastate the Economy This Economy Ain't Healed Yet (at Seeking Alpha) (5-18) Suckers’ rally (The Suckers Rally, Japan Style …high oil price rally…riiiiight! ) Bilderberg 2009 Attendee List (revised) Meanwhile: The Bilderbergers are advancing in Norway [ I realize that jones (who parenthetically it should be noted, hypocritically censored my comments) et als really overdoes this group’s (among others) effect on the u.s. , state of the world, etc.; truth be told, this group like most of the interest/pressure groups including the masses, in the u.s., etc., are no more than a just a bunch of f**k-ups/vegetables who like the aforementioned multitudes have really ‘mucked things up’ (for lack of a more precise yet concise term) on this planet, probably irrevocably, and like the many home-grown f**k-ups/vegetables, and in america particularly criminals, jones refuses to acknowledge as culpable for the many reasons he refuses to see, are but rather typically incompetent players contributing in there own very special eccentric, neurotic, sick, venal, corrupt, etc., way to this collective and cumulative result being this ever deflating (declining) ball of chaos /confusion /criminality called earth (there are exceptions to the foregoing, but in america, the same would be 5% or less) ]. Economy limiting services of local police Madoff Investors Probed by U.S. Prosecutors yet still not even one prosecution of the perpetrators of the largest scam/fraud in history foisted off on/funded by taxpayers Betrayal of the People By Wall Street, Banks, and Government FLASH: Treasury Borrows Record $361 Billion for 2nd Quarter... The Great Geithner Coverup Obama Maintains His Perfect Batting Average for Appointing Failed Insiders to Key Economic Posts Secretary of Labor Reich: Unemployment Numbers Show We’re Already In a Depression

PREVIOUS 5-20-09, only modest losses relative to reality based on bad news ( ie., fed downgrades outlook that previously provided b.s. for suckers’ rally, record low for new housing starts, etc.) and bull s**t alone (Current Recession Is Tracking the 1930s Bear Market , Another Bottom for Stocks Coming: Rogers (at CNBC) , The Sleepwalkers' Rally , Rogers Echoes Warning Of “Sucker’s Rally” ) , ‘SELL IN MAY AND GO AWAY’, so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! The Weimar Hyperinflation is Happening Again! With fed printing/creating like mad, what did they expect? Rogers Echoes Warning Of “Sucker’s Rally” Green Shoots: Too Small, Too Far Apart The Sleepwalkers' Rally Former head of pension agency takes the Fifth (AP) Global stocks slip, dollar tumbles after downbeat Fed Depression hits already defacto bankrupt Social Security hard Gold purchases up 36% as investors look to preserve wealth China Gold Reserves May Back Yuan Internationalization-Report 22 reasons why OBAMA will raise your taxes Federal debt is now $11.5 trillion. Add $1.4 trillion this year. That’s almost 100% of GDP. (5-19) Deficit surges at agency that insures pensions (AP) China and Brazil Plan to Dump Dollar HP's profit drops, more layoffs looming Japan logs record GDP drop Senator: More oversight needed at insolvent pension agency (AP) Inflating Our Way Out of This Mess? Why This Won't Work Japan's economy in record plunge Jim Rogers: Obama will Devastate the Economy This Economy Ain't Healed Yet (at Seeking Alpha) (5-18) Suckers’ rally (The Suckers Rally, Japan Style …high oil price rally…riiiiight! ) Bilderberg 2009 Attendee List (revised) Meanwhile: The Bilderbergers are advancing in Norway [ I realize that jones (who parenthetically it should be noted, hypocritically censored my comments) et als really overdoes this group’s (among others) effect on the u.s. , state of the world, etc.; truth be told, this group like most of the interest/pressure groups including the masses, in the u.s., etc., are no more than a just a bunch of f**k-ups/vegetables who like the aforementioned multitudes have really ‘mucked things up’ (for lack of a more precise yet concise term) on this planet, probably irrevocably, and like the many home-grown f**k-ups/vegetables, and in america particularly criminals, jones refuses to acknowledge as culpable for the many reasons he refuses to see, are but rather typically incompetent players contributing in there own very special eccentric, neurotic, sick, venal, corrupt, etc., way to this collective and cumulative result being this ever deflating (declining) ball of chaos /confusion /criminality called earth (there are exceptions to the foregoing, but in america, the same would be 5% or less) ]. Economy limiting services of local police Madoff Investors Probed by U.S. Prosecutors yet still not even one prosecution of the perpetrators of the largest scam/fraud in history foisted off on/funded by taxpayers Rep. Paul’s bill to audit Federal Reserve nets 165 co-sponsors is the first of what should be many necessary wise moves American Capitalism Gone With a Whimper The Shrinking American Consumer The Suckers Rally, Japan Style Gold likely to test $950 level this week Blue collar males lose more ground; unemployment rate surges past national average...

PREVIOUS 5-19-09, only modest losses relative to reality based on bad news ( ie., record low for new housing starts, etc.) and bull s**t alone (Current Recession Is Tracking the 1930s Bear Market , Another Bottom for Stocks Coming: Rogers (at CNBC) ) , ‘SELL IN MAY AND GO AWAY’, so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! Deficit surges at agency that insures pensions (AP) China and Brazil Plan to Dump Dollar HP's profit drops, more layoffs looming Japan logs record GDP drop Senator: More oversight needed at insolvent pension agency (AP) Inflating Our Way Out of This Mess? Why This Won't Work Japan's economy in record plunge Jim Rogers: Obama will Devastate the Economy This Economy Ain't Healed Yet (at Seeking Alpha) (5-18) Suckers’ rally (The Suckers Rally, Japan Style …high oil price rally…riiiiight! ) Bilderberg 2009 Attendee List (revised) Meanwhile: The Bilderbergers are advancing in Norway [ I realize that jones (who parenthetically it should be noted, hypocritically censored my comments) et als really overdoes this group’s (among others) effect on the u.s. , state of the world, etc.; truth be told, this group like most of the interest/pressure groups including the masses, in the u.s., etc., are no more than a just a bunch of f**k-ups/vegetables who like the aforementioned multitudes have really ‘mucked things up’ (for lack of a more precise yet concise term) on this planet, probably irrevocably, and like the many home-grown f**k-ups/vegetables, and in america particularly criminals, jones refuses to acknowledge as culpable for the many reasons he refuses to see, are but rather typically incompetent players contributing in there own very special eccentric, neurotic, sick, venal, corrupt, etc., way to this collective and cumulative result being this ever deflating (declining) ball of chaos /confusion /criminality called earth (there are exceptions to the foregoing, but in america, the same would be 5% or less) ]. Economy limiting services of local police Madoff Investors Probed by U.S. Prosecutors yet still not even one prosecution of the perpetrators of the largest scam/fraud in history foisted off on/funded by taxpayers Rep. Paul’s bill to audit Federal Reserve nets 165 co-sponsors is the first of what should be many necessary wise moves American Capitalism Gone With a Whimper The Shrinking American Consumer The Suckers Rally, Japan Style Gold likely to test $950 level this week New York Fed chairman Friedman abruptly resigns BEWARE OF THE SUCKER'S RALLY? Betrayal of the People By Wall Street, Banks, and Government FLASH: Treasury Borrows Record $361 Billion for 2nd Quarter... The Great Geithner Coverup Obama Maintains His Perfect Batting Average for Appointing Failed Insiders to Key Economic Posts Secretary of Labor Reich: Unemployment Numbers Show We’re Already In a Depression

PREVIOUS 5-18-09, suckers’ rally (The Suckers Rally, Japan Style …high oil price rally…riiiiight! ) accelerates into the close based on bad news and bull s**t alone (Current Recession Is Tracking the 1930s Bear Market ) , ‘SELL IN MAY AND GO AWAY’, so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! American Capitalism Gone With a Whimper The Shrinking American Consumer The Suckers Rally, Japan Style Bilderberg 2009 Attendee List (revised) Meanwhile: The Bilderbergers are advancing in Norway [ I realize that jones (who parenthetically it should be noted, hypocritically censored my comments) et als really overdoes this group’s (among others) effect on the u.s. , state of the world, etc.; truth be told, this group like most of the interest/pressure groups including the masses, in the u.s., etc., are no more than a just a bunch of f**k-ups/vegetables who like the aforementioned multitudes have really ‘mucked things up’ (for lack of a more precise yet concise term) on this planet, probably irrevocably, and like the many home-grown f**k-ups/vegetables, and in america particularly criminals, jones refuses to acknowledge as culpable for the many reasons he refuses to see, are but rather typically incompetent players contributing in there own very special eccentric, neurotic, sick, venal, corrupt, etc., way to this collective and cumulative result being this ever deflating (declining) ball of chaos /confusion /criminality called earth (there are exceptions to the foregoing, but in america, the same would be 5% or less) ]. Economy limiting services of local police Madoff Investors Probed by U.S. Prosecutors yet still not even one prosecution of the perpetrators of the largest scam/fraud in history foisted off on/funded by taxpayers Rep. Paul’s bill to audit Federal Reserve nets 165 co-sponsors is the first of what should be many necessary wise moves Gold likely to test $950 level this week Blue collar males lose more ground; unemployment rate surges past national average... (5-15)Highest credit card default rates in 26 years at 10+%, the real economy in terms of unemployment, income, and debt far worse than their rosy ‘green shoots’ scenario to help froth the market. Wall Street sags on oil; S&P ends worst week in 2 months Following Chrysler, GM slashing U.S. dealers “The Worst Is Yet to Come” Yahoo Finance | “If the consumer isn’t petrified, he or she is a damn fool.” (5-14)All news worse than expected, ie., weekly job losses higher than expected 637,000, wholesale inflation rate .3%, BEAR ALARM US ’sham’ bank bail-outs enrich speculators , The Secrets of the Federal Reserve Bob Chapman | A manmade disaster created by the Federal Reserve, banking and Wall Street, and these are the same corrupt group who our government has chosen to rectify the problem. The Economy Will Not Recover Until The Perpetrators Of Our Crises Are Held Accountable etc., It’s worth noting in a Wall Street Journal editorial hedge fund manager Andy Kessler said in no uncertain terms, “this sure smells to me a suckers rally,” largely because “there aren't sustainable, fundamental reasons for the market's continued rise.” I’m skeptical about this rally, reveals analyst Guy Adami. Wall Street sags on oil; S&P ends worst week in 2 months Following Chrysler, GM slashing U.S. dealers SEC lawyers probed for insider trading GM, Chrysler to drop 1,900 dealers by end of 2010 The Financial Storm Obama Says U.S. Long-Term Debt Load ‘Unsustainable’ “The Worst Is Yet to Come” China’s yuan ’set to usurp US dollar’ as world’s reserve currency Former Treasury Official who Devised Formula for Rate-Setting Based on Outlook for Inflation and Growth Warns that Inflation Looms, Slams Fed Policy Dr. Doom: Capitalism Could Fail Like Communism New York Fed: Most Powerful Financial Institution You’ve Never Heard Of along with the missing $4 trillion you’ve never heard of Home Prices Drop Most on Record... Federal Hiring Frenzy......average pay $75,419 A Coming Flood of Equity Issuance, aka The Dilution Solution Fed cut banks' deficits after negotiations: sounds like a plan…riiiiight!…report Buffett's Berkshire has first loss since 2001 Are stocks a loser's bet?YES! Deficits soar even with rosy assumptions in new Obama budget... America is broke. How broke? White House forecasts higher budget deficit US red ink rising even higher, to $1.8T Deficits soar even with rosy assumptions in new Obama budget... STIMULUS WATCH: Early road aid leaves out neediest; Auditors can't track transportation funds... Gas price jumps to 6-month high... Six GM executives sell more than 200,000 shares John Hussman: Post Crash Bubbles …Unfortunately, “fear” lows are only evident in hindsight, because as we saw in 2008, a deeply oversold market can become spectacularly more oversold before recovering, and the “fast, furious” spikes off of those lows are often followed by steep failures.... Fed Inspector General Claims She Does Not Know Where Trillions Went Rep. Alan Grayson | Inspector General Elizabeth Coleman responds that the IG does not know and is not tracking where this money is. Recovery? What Recovery? Newsweek | Don’t tell me that the economy is getting better, or has even hit rock bottom. Prospects of a quick economic recovery are but fool’s gold Boosting The Dying Dollar With A False Rally Suckers rally sets up the unwinding of the market, Rally just like in 1933, wealth producers becoming impoverished, Fed officer busted for fraud, troubles in the Economy are far beyond fixing, interdependence of banks around the world expected to worsen economic problems. New York Fed chairman Friedman abruptly resigns BEWARE OF THE SUCKER'S RALLY? Betrayal of the People By Wall Street, Banks, and Government FLASH: Treasury Borrows Record $361 Billion for 2nd Quarter... The Great Geithner Coverup Obama Maintains His Perfect Batting Average for Appointing Failed Insiders to Key Economic Posts Secretary of Labor Reich: Unemployment Numbers Show We’re Already In a Depression

PREVIOUS 5-15-09, only modest losses relative to reality as this suckers’ rally has been based on bad news and bull s**t alone, ‘SELL IN MAY AND GO AWAY’, so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! Highest credit card default rates in 26 years at 10+%, the real economy in terms of unemployment, income, and debt far worse than their rosy ‘green shoots’ scenario to help froth the market. Wall Street sags on oil; S&P ends worst week in 2 months Following Chrysler, GM slashing U.S. dealers “The Worst Is Yet to Come” Yahoo Finance | “If the consumer isn’t petrified, he or she is a damn fool.” (5-14)All news worse than expected, ie., weekly job losses higher than expected 637,000, wholesale inflation rate .3%, BEAR ALARM US ’sham’ bank bail-outs enrich speculators , The Secrets of the Federal Reserve Bob Chapman | A manmade disaster created by the Federal Reserve, banking and Wall Street, and these are the same corrupt group who our government has chosen to rectify the problem. The Economy Will Not Recover Until The Perpetrators Of Our Crises Are Held Accountable etc., It’s worth noting in a Wall Street Journal editorial hedge fund manager Andy Kessler said in no uncertain terms, “this sure smells to me a suckers rally,” largely because “there aren't sustainable, fundamental reasons for the market's continued rise.” I’m skeptical about this rally, reveals analyst Guy Adami. U.S. Economy: Retail Sales Unexpectedly Fall for Second Month GM, Chrysler to cut up to 3,000 dealers: sources (Reuters) U.S. Foreclosure Filings Hit Record for Second Straight Month Is Anyone Minding the Store at the Federal Reserve? Unemployment up to 8.9%, The Economy Will Not Recover Until The Perpetrators Of Our Crises Are Held Accountable , etc.. America is broke. How broke? NSN Money | Government obligations for Social Security and Medicare may soon exceed the combined net worth of every household and nonprofit organization in the country. "You have to balance hope with reality," says Doug Sandler, chief equity officer at Riverfront Investment Group. Sandler tells Andrew O'Day "this is a good example of a year where you probably have a lot of hope early, then the reality coming through Wall Street sags on oil; S&P ends worst week in 2 months Following Chrysler, GM slashing U.S. dealers SEC lawyers probed for insider trading GM, Chrysler to drop 1,900 dealers by end of 2010 The Financial Storm Obama Says U.S. Long-Term Debt Load ‘Unsustainable’ “The Worst Is Yet to Come” China’s yuan ’set to usurp US dollar’ as world’s reserve currency Former Treasury Official who Devised Formula for Rate-Setting Based on Outlook for Inflation and Growth Warns that Inflation Looms, Slams Fed Policy Dr. Doom: Capitalism Could Fail Like Communism New York Fed: Most Powerful Financial Institution You’ve Never Heard Of along with the missing $4 trillion you’ve never heard of Home Prices Drop Most on Record... Federal Hiring Frenzy......average pay $75,419 A Coming Flood of Equity Issuance, aka The Dilution Solution Fed cut banks' deficits after negotiations: sounds like a plan…riiiiight!…report Buffett's Berkshire has first loss since 2001 Are stocks a loser's bet?YES! Deficits soar even with rosy assumptions in new Obama budget... America is broke. How broke? White House forecasts higher budget deficit US red ink rising even higher, to $1.8T Deficits soar even with rosy assumptions in new Obama budget... STIMULUS WATCH: Early road aid leaves out neediest; Auditors can't track transportation funds... Gas price jumps to 6-month high... Six GM executives sell more than 200,000 shares John Hussman: Post Crash Bubbles …Unfortunately, “fear” lows are only evident in hindsight, because as we saw in 2008, a deeply oversold market can become spectacularly more oversold before recovering, and the “fast, furious” spikes off of those lows are often followed by steep failures.... Fed Inspector General Claims She Does Not Know Where Trillions Went Rep. Alan Grayson | Inspector General Elizabeth Coleman responds that the IG does not know and is not tracking where this money is. Recovery? What Recovery? Newsweek | Don’t tell me that the economy is getting better, or has even hit rock bottom. Prospects of a quick economic recovery are but fool’s gold Boosting The Dying Dollar With A False Rally Suckers rally sets up the unwinding of the market, Rally just like in 1933, wealth producers becoming impoverished, Fed officer busted for fraud, troubles in the Economy are far beyond fixing, interdependence of banks around the world expected to worsen economic problems. New York Fed chairman Friedman abruptly resigns BEWARE OF THE SUCKER'S RALLY? Betrayal of the People By Wall Street, Banks, and Government FLASH: Treasury Borrows Record $361 Billion for 2nd Quarter... The Great Geithner Coverup Obama Maintains His Perfect Batting Average for Appointing Failed Insiders to Key Economic Posts Secretary of Labor Reich: Unemployment Numbers Show We’re Already In a Depression

PREVIOUS 5-14-09, suckers’ rally has been based on bad news and bull s**t alone, ‘SELL IN MAY AND GO AWAY’, so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! Highest credit card default rates in 26 years at 10+%, the real economy in terms of unemployment, income, and debt far worse than their rosy ‘green shoots’ scenario to help froth the market. Wall Street sags on oil; S&P ends worst week in 2 months Following Chrysler, GM slashing U.S. dealers “The Worst Is Yet to Come” Yahoo Finance | “If the consumer isn’t petrified, he or she is a damn fool.” (5-14)All news worse than expected, ie., weekly job losses higher than expected 637,000, wholesale inflation rate .3%, BEAR ALARM US ’sham’ bank bail-outs enrich speculators , The Secrets of the Federal Reserve Bob Chapman | A manmade disaster created by the Federal Reserve, banking and Wall Street, and these are the same corrupt group who our government has chosen to rectify the problem. The Economy Will Not Recover Until The Perpetrators Of Our Crises Are Held Accountable etc., It’s worth noting in a Wall Street Journal editorial hedge fund manager Andy Kessler said in no uncertain terms, “this sure smells to me a suckers rally,” largely because “there aren't sustainable, fundamental reasons for the market's continued rise.” I’m skeptical about this rally, reveals analyst Guy Adami. U.S. Economy: Retail Sales Unexpectedly Fall for Second Month GM, Chrysler to cut up to 3,000 dealers: sources (Reuters) U.S. Foreclosure Filings Hit Record for Second Straight Month Is Anyone Minding the Store at the Federal Reserve? Unemployment up to 8.9%, The Economy Will Not Recover Until The Perpetrators Of Our Crises Are Held Accountable , etc.. America is broke. How broke? NSN Money | Government obligations for Social Security and Medicare may soon exceed the combined net worth of every household and nonprofit organization in the country Oil jumps above $60 on weak US currency U.S. Trade Deficit Widens First Time in Eight Months U.S. Federal Deficit to Worsen due to Dismal Economic Projections Median home prices fall in 88 percent of cities Freddie Mac seeks $6.1B in US aid after 1Q loss Higher Taxes Coming, Just Like Obama Promised New York Fed: Most Powerful Financial Institution You’ve Never Heard Of along with the missing $4 trillion you’ve never heard of Home Prices Drop Most on Record... Federal Hiring Frenzy......average pay $75,419 A Coming Flood of Equity Issuance, aka The Dilution Solution Fed cut banks' deficits after negotiations: sounds like a plan…riiiiight!…report Buffett's Berkshire has first loss since 2001 Are stocks a loser's bet?YES! Deficits soar even with rosy assumptions in new Obama budget... America is broke. How broke? White House forecasts higher budget deficit US red ink rising even higher, to $1.8T Deficits soar even with rosy assumptions in new Obama budget... STIMULUS WATCH: Early road aid leaves out neediest; Auditors can't track transportation funds... Gas price jumps to 6-month high... Six GM executives sell more than 200,000 shares John Hussman: Post Crash Bubbles …Unfortunately, “fear” lows are only evident in hindsight, because as we saw in 2008, a deeply oversold market can become spectacularly more oversold before recovering, and the “fast, furious” spikes off of those lows are often followed by steep failures.... Fed Inspector General Claims She Does Not Know Where Trillions Went Rep. Alan Grayson | Inspector General Elizabeth Coleman responds that the IG does not know and is not tracking where this money is. Recovery? What Recovery? Newsweek | Don’t tell me that the economy is getting better, or has even hit rock bottom. Prospects of a quick economic recovery are but fool’s gold Boosting The Dying Dollar With A False Rally Suckers rally sets up the unwinding of the market, Rally just like in 1933, wealth producers becoming impoverished, Fed officer busted for fraud, troubles in the Economy are far beyond fixing, interdependence of banks around the world expected to worsen economic problems. New York Fed chairman Friedman abruptly resigns BEWARE OF THE SUCKER'S RALLY? Betrayal of the People By Wall Street, Banks, and Government FLASH: Treasury Borrows Record $361 Billion for 2nd Quarter... The Great Geithner Coverup Obama Maintains His Perfect Batting Average for Appointing Failed Insiders to Key Economic Posts Secretary of Labor Reich: Unemployment Numbers Show We’re Already In a Depression

PREVIOUS 5-13-09, modest losses relative to reality, ‘SELL IN MAY AND GO AWAY’, so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! It’s worth noting in a Wall Street Journal editorial hedge fund manager Andy Kessler said in no uncertain terms, “this sure smells to me a suckers rally,” largely because “there aren't sustainable, fundamental reasons for the market's continued rise.” I’m skeptical about this rally, reveals analyst Guy Adami. U.S. Economy: Retail Sales Unexpectedly Fall for Second Month GM, Chrysler to cut up to 3,000 dealers: sources (Reuters) U.S. Foreclosure Filings Hit Record for Second Straight Month Is Anyone Minding the Store at the Federal Reserve? Unemployment up to 8.9%, The Economy Will Not Recover Until The Perpetrators Of Our Crises Are Held Accountable , etc.. America is broke. How broke? NSN Money | Government obligations for Social Security and Medicare may soon exceed the combined net worth of every household and nonprofit organization in the country. Everyone is familiar with the old saying, "what goes up must come down." Certainly the stock market has mounted a serious challenge to this old saying since bouncing off its lows in March and continues to defy gravity…In the face of unrelenting bad news, the market has been climbing because the news is "less bad," Gentle Ben and his Merry Band of Feds see "green shoots" and the financial press continues an unrelenting mantra of "recovery lies just ahead." It seems like the markets will never stop climbing, but they will, because contrary to what you hear on CNBC and read in the financial press, the laws of gravity have not been repealed and it's still true that "what goes up, must come down."

Oil jumps above $60 on weak US currency U.S. Trade Deficit Widens First Time in Eight Months U.S. Federal Deficit to Worsen due to Dismal Economic Projections Median home prices fall in 88 percent of cities Freddie Mac seeks $6.1B in US aid after 1Q loss Higher Taxes Coming, Just Like Obama Promised New York Fed: Most Powerful Financial Institution You’ve Never Heard Of along with the missing $4 trillion you’ve never heard of Home Prices Drop Most on Record... Federal Hiring Frenzy......average pay $75,419 A Coming Flood of Equity Issuance, aka The Dilution Solution Fed cut banks' deficits after negotiations: sounds like a plan…riiiiight!…report Buffett's Berkshire has first loss since 2001 Are stocks a loser's bet?YES! Deficits soar even with rosy assumptions in new Obama budget... America is broke. How broke? White House forecasts higher budget deficit US red ink rising even higher, to $1.8T Deficits soar even with rosy assumptions in new Obama budget... STIMULUS WATCH: Early road aid leaves out neediest; Auditors can't track transportation funds... Gas price jumps to 6-month high... Six GM executives sell more than 200,000 shares John Hussman: Post Crash Bubbles …Unfortunately, “fear” lows are only evident in hindsight, because as we saw in 2008, a deeply oversold market can become spectacularly more oversold before recovering, and the “fast, furious” spikes off of those lows are often followed by steep failures.... Fed Inspector General Claims She Does Not Know Where Trillions Went Rep. Alan Grayson | Inspector General Elizabeth Coleman responds that the IG does not know and is not tracking where this money is. Recovery? What Recovery? Newsweek | Don’t tell me that the economy is getting better, or has even hit rock bottom. Prospects of a quick economic recovery are but fool’s gold Boosting The Dying Dollar With A False Rally Suckers rally sets up the unwinding of the market, Rally just like in 1933, wealth producers becoming impoverished, Fed officer busted for fraud, troubles in the Economy are far beyond fixing, interdependence of banks around the world expected to worsen economic problems. New York Fed chairman Friedman abruptly resigns BEWARE OF THE SUCKER'S RALLY? Betrayal of the People By Wall Street, Banks, and Government FLASH: Treasury Borrows Record $361 Billion for 2nd Quarter... The Great Geithner Coverup Obama Maintains His Perfect Batting Average for Appointing Failed Insiders to Key Economic Posts Secretary of Labor Reich: Unemployment Numbers Show We’re Already In a Depression

PREVIOUS 5-12-09, It’s worth noting in a Wall Street Journal editorial hedge fund manager Andy Kessler said in no uncertain terms, “this sure smells to me a suckers rally,” largely because “there aren't sustainable, fundamental reasons for the market's continued rise.” I’m skeptical about this rally, reveals analyst Guy Adami. ‘SELL IN MAY AND GO AWAY’ so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! Unemployment up to 8.9%, The Economy Will Not Recover Until The Perpetrators Of Our Crises Are Held Accountable , etc.. Everyone is familiar with the old saying, "what goes up must come down." Certainly the stock market has mounted a serious challenge to this old saying since bouncing off its lows in March and continues to defy gravity…In the face of unrelenting bad news, the market has been climbing because the news is "less bad," Gentle Ben and his Merry Band of Feds see "green shoots" and the financial press continues an unrelenting mantra of "recovery lies just ahead." It seems like the markets will never stop climbing, but they will, because contrary to what you hear on CNBC and read in the financial press, the laws of gravity have not been repealed and it's still true that "what goes up, must come down."

BEWARE OF THE SUCKER'S RALLY? ‘…Most recently, the S&P 500 soared 24 per cent over seven weeks ending in early January, only to plunge to a new low. It was a fairly typical sucker’s rally and bear markets often need more than one to create sufficient disillusionment for a definitive bottom. The 2000–2002 bear market had three, with average gains of 21 per cent in the Dow Jones Industrials over 45 days. The granddaddy of all bear markets, 1929 –1932, had six false alarms with an average gain of 47 per cent. And Japan’s ongoing bear saw the Nikkei rise by at least a third four times in its first four years with 10 more false dawns since then. Bear markets typically end with a whimper rather than a bang, casting doubt on the latest recovery according to Hussman Econometrics, which analysed numerous US market bottoms and bear market rallies. With the exception of the 1987 crash, the month before the lowest point of a downturn saw a gradual descent. By contrast, bear market rallies were preceded by steeper declines and had sharper rebounds. Another characteristic of bear market rallies has been modest volume on the rebound compared to the decline. The current recovery fits the pattern of bear market rallies in terms of volume and the “V” shape of the trough. Analysts at Bespoke Investment Group noted that there have been only seven other periods in the past 110 years with rallies of similar magnitude for the Dow. Three preceded the Great Depression, three came during the Depression and one in 1982…’
New record for continuing unemployment claims and as with all government data, adp data, etc., is fudged to whatever way necessary to help froth the market. Short-covering explaining part of what remains of this continuing suckers’ bear market rally and as admonished by analyst at Farr Miller is a bull trap. How about plain old bull crap! One analyst (Craig Brown) points out that we’re not at the bottom yet: excerpt-‘ I hate repeating myself, but I do not see the economy at bottom just yet, so in some respects I will keep repeating myself until either other people wake up to this reality or something changes to wake me up. The markets were down a bit yesterday and, according to Bloomberg, they were down due to fears of the stress test results. I don't fear them; I fear what they hide. I fear that a reported 10 out of 19 banks failed when the tests were not at all stringent enough. I fear that the government will soft-pedal the results to make them bad enough to have a tad of credibility but not so bad that people run for the exits. Don't buy my word for it, others are saying the same, including Nouriel Roubini. Nouriel has been complaining for weeks on how the worst case scenario in the stress tests is already rosier than reality.’ Some perspective from Sajal… Excerpts – ie., …Mark Hulbert: That bullish bandwagon. Commentary: Some sentiment measures showing too much optimism Art Cashin: "This rally is still somewhat suspect. Albert Edwards : "Despite one of the biggest economics and profit collapses in history, US stocks have failed to get cheap in the same way that they have in Europe or Japan. My concern is that the US equity bear market has not yet fully played out. "The current pop in the market is not dissimilar to the many bear market rallies between 1929-1933, where signs of economic stabilisation were met with 25% plus rallies... This optimism was subsequently crushed." Charles Allmon … He still thinks the stock market could decline to 3,200-4,200 on the Dow by 2011-2012 -- and that it could cross the price of gold. Jim Bianco: "I don't think we are getting out of this for a long while. This has been a lousy stock rally. … …traders living in a fool's paradise if they continue to drive the markets higher by buying stocks based on earnings that are down, say, 50 percent from this time last year, only because they're not down 75 percent… Diane Garnick, investment strategist at Invesco...In an interview on Tech Ticker, Garnick says that companies are beating earnings expectations in the first quarter by Draconian cost-cutting, an unsustainable strategy for long-term growth. More importantly, although companies are beating profit estimates, thanks to the cost-cutting, they are missing expectations for revenue, she says. Further, cost-cutting via layoffs hurts the economy as a whole, Garnick argues, because the unemployed spend less money… U.S. Economy: GDP Shrinks in Worst Slump in 50 Years "You have to balance hope with reality," says Doug Sandler, chief equity officer at Riverfront Investment Group. Sandler tells Andrew O'Day "this is a good example of a year where you probably have a lot of hope early, then the reality coming through…” …[The upshot is that the fraud continues in churn-and-earn fashion with investors, taxpayer, etc., getting burned for the sake of wall street greed/fraud. The lunatic wall street frauds’ desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc. - Analyst Andre Egleshion puts the amount at $600+trillion) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc.]. U.S. Economy in 2nd Straight Quarter of Steep Decline "You have to balance hope with reality," says Doug Sandler, chief equity officer at Riverfront Investment Group. Sandler tells Andrew O'Day "this is a good example of a year where you probably have a lot of hope early, then the reality coming through Oil jumps above $60 on weak US currency U.S. Trade Deficit Widens First Time in Eight Months U.S. Federal Deficit to Worsen due to Dismal Economic Projections Median home prices fall in 88 percent of cities Freddie Mac seeks $6.1B in US aid after 1Q loss Higher Taxes Coming, Just Like Obama Promised New York Fed: Most Powerful Financial Institution You’ve Never Heard Of along with the missing $4 trillion you’ve never heard of Home Prices Drop Most on Record... Federal Hiring Frenzy......average pay $75,419 A Coming Flood of Equity Issuance, aka The Dilution Solution Fed cut banks' deficits after negotiations: sounds like a plan…riiiiight!…report Buffett's Berkshire has first loss since 2001 Are stocks a loser's bet?YES! Deficits soar even with rosy assumptions in new Obama budget... America is broke. How broke? White House forecasts higher budget deficit US red ink rising even higher, to $1.8T Deficits soar even with rosy assumptions in new Obama budget... STIMULUS WATCH: Early road aid leaves out neediest; Auditors can't track transportation funds... Gas price jumps to 6-month high... Six GM executives sell more than 200,000 shares John Hussman: Post Crash Bubbles …Unfortunately, “fear” lows are only evident in hindsight, because as we saw in 2008, a deeply oversold market can become spectacularly more oversold before recovering, and the “fast, furious” spikes off of those lows are often followed by steep failures.... Fed Inspector General Claims She Does Not Know Where Trillions Went Rep. Alan Grayson | Inspector General Elizabeth Coleman responds that the IG does not know and is not tracking where this money is. Recovery? What Recovery? Newsweek | Don’t tell me that the economy is getting better, or has even hit rock bottom. Prospects of a quick economic recovery are but fool’s gold Boosting The Dying Dollar With A False Rally Suckers rally sets up the unwinding of the market, Rally just like in 1933, wealth producers becoming impoverished, Fed officer busted for fraud, troubles in the Economy are far beyond fixing, interdependence of banks around the world expected to worsen economic problems. New York Fed chairman Friedman abruptly resigns BEWARE OF THE SUCKER'S RALLY? Betrayal of the People By Wall Street, Banks, and Government FLASH: Treasury Borrows Record $361 Billion for 2nd Quarter... The Great Geithner Coverup Obama Maintains His Perfect Batting Average for Appointing Failed Insiders to Key Economic Posts Secretary of Labor Reich: Unemployment Numbers Show We’re Already In a Depression

PREVIOUS 5-11-09, only modest losses relative to reality, ‘SELL IN MAY AND GO AWAY’ so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! Unemployment up to 8.9%, The Economy Will Not Recover Until The Perpetrators Of Our Crises Are Held Accountable , etc.. Everyone is familiar with the old saying, "what goes up must come down." Certainly the stock market has mounted a serious challenge to this old saying since bouncing off its lows in March and continues to defy gravity…In the face of unrelenting bad news, the market has been climbing because the news is "less bad," Gentle Ben and his Merry Band of Feds see "green shoots" and the financial press continues an unrelenting mantra of "recovery lies just ahead." It seems like the markets will never stop climbing, but they will, because contrary to what you hear on CNBC and read in the financial press, the laws of gravity have not been repealed and it's still true that "what goes up, must come down."

BEWARE OF THE SUCKER'S RALLY? ‘…Most recently, the S&P 500 soared 24 per cent over seven weeks ending in early January, only to plunge to a new low. It was a fairly typical sucker’s rally and bear markets often need more than one to create sufficient disillusionment for a definitive bottom. The 2000–2002 bear market had three, with average gains of 21 per cent in the Dow Jones Industrials over 45 days. The granddaddy of all bear markets, 1929 –1932, had six false alarms with an average gain of 47 per cent. And Japan’s ongoing bear saw the Nikkei rise by at least a third four times in its first four years with 10 more false dawns since then. Bear markets typically end with a whimper rather than a bang, casting doubt on the latest recovery according to Hussman Econometrics, which analysed numerous US market bottoms and bear market rallies. With the exception of the 1987 crash, the month before the lowest point of a downturn saw a gradual descent. By contrast, bear market rallies were preceded by steeper declines and had sharper rebounds. Another characteristic of bear market rallies has been modest volume on the rebound compared to the decline. The current recovery fits the pattern of bear market rallies in terms of volume and the “V” shape of the trough. Analysts at Bespoke Investment Group noted that there have been only seven other periods in the past 110 years with rallies of similar magnitude for the Dow. Three preceded the Great Depression, three came during the Depression and one in 1982…’
New record for continuing unemployment claims and as with all government data, adp data, etc., is fudged to whatever way necessary to help froth the market. Short-covering explaining part of what remains of this continuing suckers’ bear market rally and as admonished by analyst at Farr Miller is a bull trap. How about plain old bull crap! One analyst (Craig Brown) points out that we’re not at the bottom yet: excerpt-‘ I hate repeating myself, but I do not see the economy at bottom just yet, so in some respects I will keep repeating myself until either other people wake up to this reality or something changes to wake me up. The markets were down a bit yesterday and, according to Bloomberg, they were down due to fears of the stress test results. I don't fear them; I fear what they hide. I fear that a reported 10 out of 19 banks failed when the tests were not at all stringent enough. I fear that the government will soft-pedal the results to make them bad enough to have a tad of credibility but not so bad that people run for the exits. Don't buy my word for it, others are saying the same, including Nouriel Roubini. Nouriel has been complaining for weeks on how the worst case scenario in the stress tests is already rosier than reality.’ Some perspective from Sajal… Excerpts – ie., …Mark Hulbert: That bullish bandwagon. Commentary: Some sentiment measures showing too much optimism Art Cashin: "This rally is still somewhat suspect. Albert Edwards : "Despite one of the biggest economics and profit collapses in history, US stocks have failed to get cheap in the same way that they have in Europe or Japan. My concern is that the US equity bear market has not yet fully played out. "The current pop in the market is not dissimilar to the many bear market rallies between 1929-1933, where signs of economic stabilisation were met with 25% plus rallies... This optimism was subsequently crushed." Charles Allmon … He still thinks the stock market could decline to 3,200-4,200 on the Dow by 2011-2012 -- and that it could cross the price of gold. Jim Bianco: "I don't think we are getting out of this for a long while. This has been a lousy stock rally. … …traders living in a fool's paradise if they continue to drive the markets higher by buying stocks based on earnings that are down, say, 50 percent from this time last year, only because they're not down 75 percent… Diane Garnick, investment strategist at Invesco...In an interview on Tech Ticker, Garnick says that companies are beating earnings expectations in the first quarter by Draconian cost-cutting, an unsustainable strategy for long-term growth. More importantly, although companies are beating profit estimates, thanks to the cost-cutting, they are missing expectations for revenue, she says. Further, cost-cutting via layoffs hurts the economy as a whole, Garnick argues, because the unemployed spend less money… U.S. Economy: GDP Shrinks in Worst Slump in 50 Years "You have to balance hope with reality," says Doug Sandler, chief equity officer at Riverfront Investment Group. Sandler tells Andrew O'Day "this is a good example of a year where you probably have a lot of hope early, then the reality coming through…” …[The upshot is that the fraud continues in churn-and-earn fashion with investors, taxpayer, etc., getting burned for the sake of wall street greed/fraud. The lunatic wall street frauds’ desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc. - Analyst Andre Egleshion puts the amount at $600+trillion) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc.]. U.S. Economy in 2nd Straight Quarter of Steep Decline "You have to balance hope with reality," says Doug Sandler, chief equity officer at Riverfront Investment Group. Sandler tells Andrew O'Day "this is a good example of a year where you probably have a lot of hope early, then the reality coming through A Coming Flood of Equity Issuance, aka The Dilution Solution Fed cut banks' deficits after negotiations: sounds like a plan…riiiiight!…report Buffett's Berkshire has first loss since 2001 Are stocks a loser's bet?YES! Deficits soar even with rosy assumptions in new Obama budget... America is broke. How broke? White House forecasts higher budget deficit US red ink rising even higher, to $1.8T Deficits soar even with rosy assumptions in new Obama budget... STIMULUS WATCH: Early road aid leaves out neediest; Auditors can't track transportation funds... Gas price jumps to 6-month high... Six GM executives sell more than 200,000 shares John Hussman: Post Crash Bubbles …Unfortunately, “fear” lows are only evident in hindsight, because as we saw in 2008, a deeply oversold market can become spectacularly more oversold before recovering, and the “fast, furious” spikes off of those lows are often followed by steep failures.... Fed Inspector General Claims She Does Not Know Where Trillions Went Rep. Alan Grayson | Inspector General Elizabeth Coleman responds that the IG does not know and is not tracking where this money is. Recovery? What Recovery? Newsweek | Don’t tell me that the economy is getting better, or has even hit rock bottom. Prospects of a quick economic recovery are but fool’s gold Boosting The Dying Dollar With A False Rally Suckers rally sets up the unwinding of the market, Rally just like in 1933, wealth producers becoming impoverished, Fed officer busted for fraud, troubles in the Economy are far beyond fixing, interdependence of banks around the world expected to worsen economic problems. New York Fed chairman Friedman abruptly resigns BEWARE OF THE SUCKER'S RALLY? Betrayal of the People By Wall Street, Banks, and Government FLASH: Treasury Borrows Record $361 Billion for 2nd Quarter... The Great Geithner Coverup Obama Maintains His Perfect Batting Average for Appointing Failed Insiders to Key Economic Posts Secretary of Labor Reich: Unemployment Numbers Show We’re Already In a Depression

PREVIOUS 5-8-09, the flaming full moon and effect on lunatic wall street frauds and bull s**t alone (false data, not as bad as expected…riiiiight!…, etc.) irrationally exuberantly rally stocks so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! Unemployment up to 8.9%, US unemployment hits 25-year high China fears bond crisis as it slams quantitative easing The Economy Will Not Recover Until The Perpetrators Of Our Crises Are Held Accountable , etc.. BEWARE OF THE SUCKER'S RALLY? ‘…Most recently, the S&P 500 soared 24 per cent over seven weeks ending in early January, only to plunge to a new low. It was a fairly typical sucker’s rally and bear markets often need more than one to create sufficient disillusionment for a definitive bottom. The 2000–2002 bear market had three, with average gains of 21 per cent in the Dow Jones Industrials over 45 days. The granddaddy of all bear markets, 1929 –1932, had six false alarms with an average gain of 47 per cent. And Japan’s ongoing bear saw the Nikkei rise by at least a third four times in its first four years with 10 more false dawns since then. Bear markets typically end with a whimper rather than a bang, casting doubt on the latest recovery according to Hussman Econometrics, which analysed numerous US market bottoms and bear market rallies. With the exception of the 1987 crash, the month before the lowest point of a downturn saw a gradual descent. By contrast, bear market rallies were preceded by steeper declines and had sharper rebounds. Another characteristic of bear market rallies has been modest volume on the rebound compared to the decline. The current recovery fits the pattern of bear market rallies in terms of volume and the “V” shape of the trough. Analysts at Bespoke Investment Group noted that there have been only seven other periods in the past 110 years with rallies of similar magnitude for the Dow. Three preceded the Great Depression, three came during the Depression and one in 1982…’
New record for continuing unemployment claims and as with all government data, adp data, etc., is fudged to whatever way necessary to help froth the market. Short-covering explaining part of what remains of this continuing suckers’ bear market rally and as admonished by analyst at Farr Miller is a bull trap. How about plain old bull crap! One analyst (Craig Brown) points out that we’re not at the bottom yet: excerpt-‘ I hate repeating myself, but I do not see the economy at bottom just yet, so in some respects I will keep repeating myself until either other people wake up to this reality or something changes to wake me up. The markets were down a bit yesterday and, according to Bloomberg, they were down due to fears of the stress test results. I don't fear them; I fear what they hide. I fear that a reported 10 out of 19 banks failed when the tests were not at all stringent enough. I fear that the government will soft-pedal the results to make them bad enough to have a tad of credibility but not so bad that people run for the exits. Don't buy my word for it, others are saying the same, including Nouriel Roubini. Nouriel has been complaining for weeks on how the worst case scenario in the stress tests is already rosier than reality.’ Some perspective from Sajal… Excerpts – ie., …Mark Hulbert: That bullish bandwagon. Commentary: Some sentiment measures showing too much optimism Art Cashin: "This rally is still somewhat suspect. Albert Edwards : "Despite one of the biggest economics and profit collapses in history, US stocks have failed to get cheap in the same way that they have in Europe or Japan. My concern is that the US equity bear market has not yet fully played out. "The current pop in the market is not dissimilar to the many bear market rallies between 1929-1933, where signs of economic stabilisation were met with 25% plus rallies... This optimism was subsequently crushed." Charles Allmon … He still thinks the stock market could decline to 3,200-4,200 on the Dow by 2011-2012 -- and that it could cross the price of gold. Jim Bianco: "I don't think we are getting out of this for a long while. This has been a lousy stock rally. … …traders living in a fool's paradise if they continue to drive the markets higher by buying stocks based on earnings that are down, say, 50 percent from this time last year, only because they're not down 75 percent… Diane Garnick, investment strategist at Invesco...In an interview on Tech Ticker, Garnick says that companies are beating earnings expectations in the first quarter by Draconian cost-cutting, an unsustainable strategy for long-term growth. More importantly, although companies are beating profit estimates, thanks to the cost-cutting, they are missing expectations for revenue, she says. Further, cost-cutting via layoffs hurts the economy as a whole, Garnick argues, because the unemployed spend less money… U.S. Economy: GDP Shrinks in Worst Slump in 50 Years "You have to balance hope with reality," says Doug Sandler, chief equity officer at Riverfront Investment Group. Sandler tells Andrew O'Day "this is a good example of a year where you probably have a lot of hope early, then the reality coming through…” …[The upshot is that the fraud continues in churn-and-earn fashion with investors, taxpayer, etc., getting burned for the sake of wall street greed/fraud. The lunatic wall street frauds’ desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc. - Analyst Andre Egleshion puts the amount at $600+trillion) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc.]. U.S. Economy in 2nd Straight Quarter of Steep Decline "You have to balance hope with reality," says Doug Sandler, chief equity officer at Riverfront Investment Group. Sandler tells Andrew O'Day "this is a good example of a year where you probably have a lot of hope early, then the reality coming through [$$] Banks Won Concessions on Tests (at The Wall Street Journal Online) [$$] Hit by Mortgage Defaults, Fannie Needs $19 Billion (at The Wall Street Journal Online) [$$] Bank Shares Range-Bound Near Term (at Barron's Online) AP Sources: Obama wants Fed to be finance supercop which is one of the dumber things I’ve ever heard (very bushy) since the fed is the super criminal, capo, godfather, etc., in the criminal enterprise called american finance/scam the taxpayer/etc., in this fraud of monumental proportion … the bubble will again pop Fannie Mae seeks $19B in US aid after 1Q loss Buffett's Berkshire has first loss since 2001 Fed Sees Up to $599 Billion in Bank Losses Is Rupert Murdoch losing it? Already past tense; he’s lost it…so…..? EU Calls for “Internet G12″ for Global Internet Governance US unemployment hits 25-year high China fears bond crisis as it slams quantitative easing The Economy Will Not Recover Until The Perpetrators Of Our Crises Are Held Accountable New York Fed chairman Friedman abruptly resigns BEWARE OF THE SUCKER'S RALLY? Betrayal of the People By Wall Street, Banks, and Government FLASH: Treasury Borrows Record $361 Billion for 2nd Quarter... The Great Geithner Coverup Obama Maintains His Perfect Batting Average for Appointing Failed Insiders to Key Economic Posts Secretary of Labor Reich: Unemployment Numbers Show We’re Already In a Depression

PREVIOUS 5-7-09, yes, there is a flaming full moon which explains in large part only modest losses relative to reality by the lunatic frauds on wall street so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! New record for continuing unemployment claims and as with all government data, adp data, etc., is fudged to whatever way necessary to help froth the market. Short-covering explaining part of what remains of this continuing suckers’ bear market rally and as admonished by analyst at Farr Miller is a bull trap. How about plain old bull crap! One analyst (Craig Brown) points out that we’re not at the bottom yet: excerpt-‘ I hate repeating myself, but I do not see the economy at bottom just yet, so in some respects I will keep repeating myself until either other people wake up to this reality or something changes to wake me up. The markets were down a bit yesterday and, according to Bloomberg, they were down due to fears of the stress test results. I don't fear them; I fear what they hide. I fear that a reported 10 out of 19 banks failed when the tests were not at all stringent enough. I fear that the government will soft-pedal the results to make them bad enough to have a tad of credibility but not so bad that people run for the exits. Don't buy my word for it, others are saying the same, including Nouriel Roubini. Nouriel has been complaining for weeks on how the worst case scenario in the stress tests is already rosier than reality.’ Some perspective from Sajal… Excerpts – ie., …Mark Hulbert: That bullish bandwagon. Commentary: Some sentiment measures showing too much optimism Art Cashin: "This rally is still somewhat suspect. Albert Edwards : "Despite one of the biggest economics and profit collapses in history, US stocks have failed to get cheap in the same way that they have in Europe or Japan. My concern is that the US equity bear market has not yet fully played out. "The current pop in the market is not dissimilar to the many bear market rallies between 1929-1933, where signs of economic stabilisation were met with 25% plus rallies... This optimism was subsequently crushed." Charles Allmon … He still thinks the stock market could decline to 3,200-4,200 on the Dow by 2011-2012 -- and that it could cross the price of gold. Jim Bianco: "I don't think we are getting out of this for a long while. This has been a lousy stock rally. … …traders living in a fool's paradise if they continue to drive the markets higher by buying stocks based on earnings that are down, say, 50 percent from this time last year, only because they're not down 75 percent… Diane Garnick, investment strategist at Invesco...In an interview on Tech Ticker, Garnick says that companies are beating earnings expectations in the first quarter by Draconian cost-cutting, an unsustainable strategy for long-term growth. More importantly, although companies are beating profit estimates, thanks to the cost-cutting, they are missing expectations for revenue, she says. Further, cost-cutting via layoffs hurts the economy as a whole, Garnick argues, because the unemployed spend less money… U.S. Economy: GDP Shrinks in Worst Slump in 50 Years "You have to balance hope with reality," says Doug Sandler, chief equity officer at Riverfront Investment Group. Sandler tells Andrew O'Day "this is a good example of a year where you probably have a lot of hope early, then the reality coming through…” …[The upshot is that the fraud continues in churn-and-earn fashion with investors, taxpayer, etc., getting burned for the sake of wall street greed/fraud. The lunatic wall street frauds’ desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc. - Analyst Andre Egleshion puts the amount at $600+trillion) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc.]. U.S. Economy in 2nd Straight Quarter of Steep Decline "You have to balance hope with reality," says Doug Sandler, chief equity officer at Riverfront Investment Group. Sandler tells Andrew O'Day "this is a good example of a year where you probably have a lot of hope early, then the reality coming through U.S. banks race to fill $74.6 billion stress test hole NY Fed chair resigns amid stock purchase questions and while they’re at it ask him and tiny tim geithner about the missing $4 trillion at the N.Y. fed bank among other things BofA needs $33.9 billion, eyes stock and asset sales Cyberbullying Bill Not About Protecting Kids, It is About Shutting Down the Opposition Rupert Murdoch: “Internet Will Soon Be Over – in his wet dreams along with presidents hillary, rudy, and mccain – must be ancestral flashbacks to the penal colony days in australia” Taking on the banking cabal Looking Back on the Greatest Depression 401(k)s Hit by Withdrawal Freezes Taleb: Global Crisis “Vastly Worse” Than 1930s, Buy Gold and Copper Dollar Hovering at Cliff’s Edge Group names 25 lenders responsible for economic meltdown $58: Oil prices jump to new six-month high... GM posts $6 billion loss for first quarter... Betrayal of the People By Wall Street, Banks, and Government FLASH: Treasury Borrows Record $361 Billion for 2nd Quarter... The Great Geithner Coverup Obama Maintains His Perfect Batting Average for Appointing Failed Insiders to Key Economic Posts Secretary of Labor Reich: Unemployment Numbers Show We’re Already In a Depression

PREVIOUS 5-6-09, Yes, there is a full moon which explains inlarge part this ridiculous up move on bad news and bull s**t alone so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! Some short-covering explaining part of this continuing suckers’ bear market rally, the other as admonished by analyst at Farr Miller is a bull trap. How about plain old bull crap! One analyst (Craig Brown) points out that we’re not at the bottom yet: excerpt-‘ I hate repeating myself, but I do not see the economy at bottom just yet, so in some respects I will keep repeating myself until either other people wake up to this reality or something changes to wake me up. The markets were down a bit yesterday and, according to Bloomberg, they were down due to fears of the stress test results. I don't fear them; I fear what they hide. I fear that a reported 10 out of 19 banks failed when the tests were not at all stringent enough. I fear that the government will soft-pedal the results to make them bad enough to have a tad of credibility but not so bad that people run for the exits. Don't buy my word for it, others are saying the same, including Nouriel Roubini. Nouriel has been complaining for weeks on how the worst case scenario in the stress tests is already rosier than reality.’ Some perspective from Sajal… Excerpts – ie., …Mark Hulbert: That bullish bandwagon. Commentary: Some sentiment measures showing too much optimism Art Cashin: "This rally is still somewhat suspect. Albert Edwards : "Despite one of the biggest economics and profit collapses in history, US stocks have failed to get cheap in the same way that they have in Europe or Japan. My concern is that the US equity bear market has not yet fully played out. "The current pop in the market is not dissimilar to the many bear market rallies between 1929-1933, where signs of economic stabilisation were met with 25% plus rallies... This optimism was subsequently crushed." Charles Allmon … He still thinks the stock market could decline to 3,200-4,200 on the Dow by 2011-2012 -- and that it could cross the price of gold. Jim Bianco: "I don't think we are getting out of this for a long while. This has been a lousy stock rally. … …traders living in a fool's paradise if they continue to drive the markets higher by buying stocks based on earnings that are down, say, 50 percent from this time last year, only because they're not down 75 percent… Diane Garnick, investment strategist at Invesco...In an interview on Tech Ticker, Garnick says that companies are beating earnings expectations in the first quarter by Draconian cost-cutting, an unsustainable strategy for long-term growth. More importantly, although companies are beating profit estimates, thanks to the cost-cutting, they are missing expectations for revenue, she says. Further, cost-cutting via layoffs hurts the economy as a whole, Garnick argues, because the unemployed spend less money… U.S. Economy: GDP Shrinks in Worst Slump in 50 Years "You have to balance hope with reality," says Doug Sandler, chief equity officer at Riverfront Investment Group. Sandler tells Andrew O'Day "this is a good example of a year where you probably have a lot of hope early, then the reality coming through…” …[The upshot is that the fraud continues in churn-and-earn fashion with investors, taxpayer, etc., getting burned for the sake of wall street greed/fraud. The lunatic wall street frauds’ desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc. - Analyst Andre Egleshion puts the amount at $600+trillion) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc.]. U.S. Economy in 2nd Straight Quarter of Steep Decline "You have to balance hope with reality," says Doug Sandler, chief equity officer at Riverfront Investment Group. Sandler tells Andrew O'Day "this is a good example of a year where you probably have a lot of hope early, then the reality coming through BofA, Citi, Wells need capital under stress tests NEED BILLIONS AND BILLIONS MORE Bank stress tests show some banks need more funds Almost a Quarter of U.S. Homeowners Are Underwater Banks Need Billions More Globalizing the Internet Hedge Fund Leader Blasts Obama for “Bullying” and “Abuse of Power” About that “loan”: Obama team writes off $7 billion taxpayers loaned Chrysler $56: Oil prices jump to new high for year... US wants Israel, India, Iran to sign NPT Betrayal of the People By Wall Street, Banks, and Government FLASH: Treasury Borrows Record $361 Billion for 2nd Quarter... The Great Geithner Coverup Obama Maintains His Perfect Batting Average for Appointing Failed Insiders to Key Economic Posts Secretary of Labor Reich: Unemployment Numbers Show We’re Already In a Depression

PREVIOUS 5-5-09, So small were the losses relative to reality that to try and make sense of same (americans among other investors must love getting burned by the frauds on wall street who are commissioning the new bubble like mad and don’t worry since in america today they socialize their losses and privatize their gains) is but a fool’s errand so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! One analyst (Craig Brown) points out that we’re not at the bottom yet: excerpt-‘ I hate repeating myself, but I do not see the economy at bottom just yet, so in some respects I will keep repeating myself until either other people wake up to this reality or something changes to wake me up. The markets were down a bit yesterday and, according to Bloomberg, they were down due to fears of the stress test results. I don't fear them; I fear what they hide. I fear that a reported 10 out of 19 banks failed when the tests were not at all stringent enough. I fear that the government will soft-pedal the results to make them bad enough to have a tad of credibility but not so bad that people run for the exits. Don't buy my word for it, others are saying the same, including Nouriel Roubini. Nouriel has been complaining for weeks on how the worst case scenario in the stress tests is already rosier than reality.’ Some perspective from Sajal… Excerpts – ie., …Mark Hulbert: That bullish bandwagon. Commentary: Some sentiment measures showing too much optimism Art Cashin: "This rally is still somewhat suspect. Albert Edwards : "Despite one of the biggest economics and profit collapses in history, US stocks have failed to get cheap in the same way that they have in Europe or Japan. My concern is that the US equity bear market has not yet fully played out. "The current pop in the market is not dissimilar to the many bear market rallies between 1929-1933, where signs of economic stabilisation were met with 25% plus rallies... This optimism was subsequently crushed." Charles Allmon … He still thinks the stock market could decline to 3,200-4,200 on the Dow by 2011-2012 -- and that it could cross the price of gold. Jim Bianco: "I don't think we are getting out of this for a long while. This has been a lousy stock rally. … …traders living in a fool's paradise if they continue to drive the markets higher by buying stocks based on earnings that are down, say, 50 percent from this time last year, only because they're not down 75 percent… Diane Garnick, investment strategist at Invesco...In an interview on Tech Ticker, Garnick says that companies are beating earnings expectations in the first quarter by Draconian cost-cutting, an unsustainable strategy for long-term growth. More importantly, although companies are beating profit estimates, thanks to the cost-cutting, they are missing expectations for revenue, she says. Further, cost-cutting via layoffs hurts the economy as a whole, Garnick argues, because the unemployed spend less money… U.S. Economy: GDP Shrinks in Worst Slump in 50 Years "You have to balance hope with reality," says Doug Sandler, chief equity officer at Riverfront Investment Group. Sandler tells Andrew O'Day "this is a good example of a year where you probably have a lot of hope early, then the reality coming through…” …[The upshot is that the fraud continues in churn-and-earn fashion with investors, taxpayer, etc., getting burned for the sake of wall street greed/fraud. The lunatic wall street frauds’ desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc. - Analyst Andre Egleshion puts the amount at $600+trillion) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc.]. U.S. Economy in 2nd Straight Quarter of Steep Decline "You have to balance hope with reality," says Doug Sandler, chief equity officer at Riverfront Investment Group. Sandler tells Andrew O'Day "this is a good example of a year where you probably have a lot of hope early, then the reality coming through Bank of America to need $34 billion in capital: source Yen rises, stocks slip on Bank of America needs Moody's downgrades NYSE Euronext debt (AP) Auditors see SEC deficiencies Stress Test Results Seem to Be Changing Daily (at Seeking Alpha) We Haven't Reached the Bottom Yet About that “loan”: Obama team writes off $7 billion taxpayers loaned Chrysler US Fed rejects request to help credit card holders Fed Stress Tests to Show About 10 Banks Need Capital Gold Climbs to One-Week High as Dollar Declines; Platinum Gains Editorial: Bleak forecast for EU economies Michigan residents mine bodies for cash; Sellers offer hair, blood... GM plans 1-for-100 reverse stock split... The Economic Pain Ain't Over Yet Economic downturn ‘twice as bad as feared’ NEEDS MORE: House Dems seek $94.2 billion in 'emergency funds'... Betrayal of the People By Wall Street, Banks, and Government FLASH: Treasury Borrows Record $361 Billion for 2nd Quarter... The Great Geithner Coverup Obama Maintains His Perfect Batting Average for Appointing Failed Insiders to Key Economic Posts Secretary of Labor Reich: Unemployment Numbers Show We’re Already In a Depression

PREVIOUS 5-4-09, so preposterous was the day’s suckers’ rally that I cannot dignify same with my own commentary other than to say SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! Some perspective from Sajal… Excerpts – ie., …Mark Hulbert: That bullish bandwagon. Commentary: Some sentiment measures showing too much optimism Art Cashin: "This rally is still somewhat suspect. Albert Edwards : "Despite one of the biggest economics and profit collapses in history, US stocks have failed to get cheap in the same way that they have in Europe or Japan. My concern is that the US equity bear market has not yet fully played out. "The current pop in the market is not dissimilar to the many bear market rallies between 1929-1933, where signs of economic stabilisation were met with 25% plus rallies... This optimism was subsequently crushed." Charles Allmon … He still thinks the stock market could decline to 3,200-4,200 on the Dow by 2011-2012 -- and that it could cross the price of gold. Jim Bianco: "I don't think we are getting out of this for a long while. This has been a lousy stock rally. … …traders living in a fool's paradise if they continue to drive the markets higher by buying stocks based on earnings that are down, say, 50 percent from this time last year, only because they're not down 75 percent… Diane Garnick, investment strategist at Invesco...In an interview on Tech Ticker, Garnick says that companies are beating earnings expectations in the first quarter by Draconian cost-cutting, an unsustainable strategy for long-term growth. More importantly, although companies are beating profit estimates, thanks to the cost-cutting, they are missing expectations for revenue, she says. Further, cost-cutting via layoffs hurts the economy as a whole, Garnick argues, because the unemployed spend less money… U.S. Economy: GDP Shrinks in Worst Slump in 50 Years "You have to balance hope with reality," says Doug Sandler, chief equity officer at Riverfront Investment Group. Sandler tells Andrew O'Day "this is a good example of a year where you probably have a lot of hope early, then the reality coming through…” …[The upshot is that the fraud continues in churn-and-earn fashion with investors, taxpayer, etc., getting burned for the sake of wall street greed/fraud. The lunatic wall street frauds’ desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc. - Analyst Andre Egleshion puts the amount at $600+trillion) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc.]. U.S. Economy in 2nd Straight Quarter of Steep Decline "You have to balance hope with reality," says Doug Sandler, chief equity officer at Riverfront Investment Group. Sandler tells Andrew O'Day "this is a good example of a year where you probably have a lot of hope early, then the reality coming Georgia, N.J. and Utah banks fail The Economic Pain Ain't Over Yet Obama says financial sector to shrink (Reuters) Buffett dispenses gloom at Berkshire fest…daaaah! Warren Buffett warns inflation is on the horizon …daaah!(at Fortune) SHOCK CLAIM: WHITE HOUSE BULLY THREAT OVER AUTO BANKRUPTCY... China 'cutting down purchases of US Treasury bonds'... Obama: Wall Street will play less dominant role... ...financial sector to shrink European economy 'will shrink 4%' About 10 U.S. stress test banks to need more capital UBS remains cautious after confirming first-quarter loss AIG to post first-quarter loss, no new bailout: source Prepare for Another Round of U.S. 'Stimulus' Propaganda Swine Flu A Hoax, But Martial Law All Too Real U.S. families rely on handouts in world’s richest country Attack on the Chrysler Capitalists Obama Pushes ‘Crackdown’ on Legal Tax ‘Havens’ Economic downturn ‘twice as bad as feared’ NEEDS MORE: House Dems seek $94.2 billion in 'emergency funds'... Betrayal of the People By Wall Street, Banks, and Government FLASH: Treasury Borrows Record $361 Billion for 2nd Quarter... The Great Geithner Coverup Obama Maintains His Perfect Batting Average for Appointing Failed Insiders to Key Economic Posts Secretary of Labor Reich: Unemployment Numbers Show We’re Already In a Depression

PREVIOUS 5-1-09, suckers’ rally into the close to keep suckers sucked in based on very bad news [U.S. Economy: GDP Shrinks in Worst Slump in 50 Years , Georgia, N.J. banks fail, bringing '09 total to 31 , Auto sales plunge to near 30-year lows , Chrysler to close 5 more plants; court case begins , ‘China cancels America’s credit card’ , Mark Hulbert who tracks investment consensus says bear market rally and new lows before new highs , continuing claims for unemployment at new record 6.3 million, new claims at 631,000 for prior week, worse than expected are consumer spending -.2% and personal income -.3%, Chrysler receives additional $8 billion in taxpayer funds and files for bankruptcy, U.S. Economy in 2nd Straight Quarter of Steep Decline , leading economic indicators ( a forward looking guage of economic activity/growth) declined a much worse than expected –6.1% which one analyst commented was negative and getting worse, pandemic level raised to 5, banks need another trillion, new home sales down, durable goods sales down, 4 more bank failures to 27 for 2009 thus far, GM borrows $2 billion more/close dealers/many more layoffs, Ford loses almost $2 billion, Microsoft reports first decline in revenue ever, U.S. Initial Jobless Claims Rose to 640,000 Last Week as Continuing Claims Exceed 6.1 million for new record …k, etc. , home sales down 3%, prices down 12%, etc. ] and bull s**t ( fed says pace of decline slowing…riiiiight!, dilutive stock issues, not as bad as expected, Consumer confidence soars past forecasts (on fake conference board report) in April – riiiiight! Come on! Even americans are not that shortsighted /blind /dumb!… l , etc. ) alone to keep fraudulent wall street’s churn and earn commissionable bubble ( Interview with Peter Schiff: Reflating the Bubble ) fraud rolling (on the way up and on the way down) so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! ‘…economic conditions remain dour. Factory orders for March declined 0.9%, which is worse than the 0.6% decline that was widely expected, and February orders were revised lower to reflect an increase of 0.7%. Meanwhile, the ISM Manufacturing Index for April showed continued contraction. It came in at 40.1. However, that was better than the 38.4 that was expected, and was also up from 36.3 in March. With economic conditions continuing to challenge businesses and consumers, Ford (F 5.69, -0.29) announced April auto sales fell 31.6%, while General Motors (GM 1.81, -0.11) said its US sales fell 34% in April…’ …traders living in a fool's paradise if they continue to drive the markets higher by buying stocks based on earnings that are down, say, 50 percent from this time last year, only because they're not down 75 percent… Diane Garnick, investment strategist at Invesco...In an interview on Tech Ticker, Garnick says that companies are beating earnings expectations in the first quarter by Draconian cost-cutting, an unsustainable strategy for long-term growth. More importantly, although companies are beating profit estimates, thanks to the cost-cutting, they are missing expectations for revenue, she says. Further, cost-cutting via layoffs hurts the economy as a whole, Garnick argues, because the unemployed spend less money… U.S. Economy: GDP Shrinks in Worst Slump in 50 Years "You have to balance hope with reality," says Doug Sandler, chief equity officer at Riverfront Investment Group. Sandler tells Andrew O'Day "this is a good example of a year where you probably have a lot of hope early, then the reality coming through…” …[The upshot is that the fraud continues in churn-and-earn fashion with investors, taxpayer, etc., getting burned for the sake of wall street greed/fraud. The lunatic wall street frauds’ desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc. - Analyst Andre Egleshion puts the amount at $600+trillion) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc.]. U.S. Economy in 2nd Straight Quarter of Steep Decline Dollar falls on euro, up on yen on GDP hopes…riiiiight! "You have to balance hope with reality," says Doug Sandler, chief equity officer at Riverfront Investment Group. Sandler tells Andrew O'Day "this is a good example of a year where you probably have a lot of hope early, then the reality coming throughSocial Security: Bankrupt System Will Impact Markets Sooner Than Expected Georgia, N.J. banks fail, bringing '09 total to 31 U.S. Economy: GDP Shrinks in Worst Slump in 50 Years Auto sales plunge to near 30-year lows [$$] The Overvalued Market Needs a Healthy Pullback Major wholesale bank shuttered …Silverton, Ga…and then Ridgewood, n.j. for 31st bank failure this year (at CNNMoney.com) Manufacturing declines at slower rate in April … riiiiight!…(AP) Chrysler to close 5 more plants; court case begins Results delayed again on banks stress tests …the fudge factor!…(at bizjournals.com) Regulators close two more banks U.S. families rely on handouts in world’s formerly richest country Elliot Wave Theorists Claim Pandemics Always Happen In a Bear Market CITI Said to Need Up to $10 Billion; Bank Disputes 'Stress Test' Result... ‘China cancels America’s credit card’ China, wary of the troubled US economy, has ‘canceled America’s credit card’ by cutting down purchases of debt, a US congressman says. Top Senate Democrat: bankers “own” the U.S. Congress Stress-Test Results Are Delayed by Fed as Examiners, Banks Debate Findings... Economy shrinks at worse-than-expected pace... Metro Unemployment Skyrockets; Some Cities See Rates Comparable To Great Depression... STRESS: Fed Finds at Least 6 of 19 Biggest Banks Need to Raise More Capital... CITI scrambles... MSNBC's Washington HQ Can't Make Rent: Looking to Share Space with Local U... Betrayal of the People By Wall Street, Banks, and Government FLASH: Treasury Borrows Record $361 Billion for 2nd Quarter... The Great Geithner Coverup Obama Maintains His Perfect Batting Average for Appointing Failed Insiders to Key Economic Posts Secretary of Labor Reich: Unemployment Numbers Show We’re Already In a Depression

PREVIOUS 4-30-09, very modest losses relative to reality to keep suckers sucked in based on very bad news [Continuing claims for unemployment at new record 6.3 million, new claims at 631,000 for prior week, worse than expected are consumer spending -.2% and personal income -.3%, Chrysler receives additional $8 billion in taxpayer funds and files for bankruptcy, U.S. Economy in 2nd Straight Quarter of Steep Decline , leading economic indicators ( a forward looking guage of economic activity/growth) declined a much worse than expected –6.1% which one analyst commented was negative and getting worse, pandemic level raised to 5, banks need another trillion, new home sales down, durable goods sales down, 4 more bank failures to 27 for 2009 thus far, GM borrows $2 billion more/close dealers/many more layoffs, Ford loses almost $2 billion, Microsoft reports first decline in revenue ever, U.S. Initial Jobless Claims Rose to 640,000 Last Week as Continuing Claims Exceed 6.1 million for new record …k, etc. , home sales down 3%, prices down 12%, etc. ] and bull s**t ( fed says pace of decline slowing…riiiiight!, dilutive stock issues, not as bad as expected, Consumer confidence soars past forecasts (on fake conference board report) in April – riiiiight! Come on! Even americans are not that shortsighted /blind /dumb!… l , etc. ) alone to keep fraudulent wall street’s churn and earn commissionable bubble ( Interview with Peter Schiff: Reflating the Bubble ) fraud rolling (on the way up and on the way down) so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! …traders living in a fool's paradise if they continue to drive the markets higher by buying stocks based on earnings that are down, say, 50 percent from this time last year, only because they're not down 75 percent… Diane Garnick, investment strategist at Invesco...In an interview on Tech Ticker, Garnick says that companies are beating earnings expectations in the first quarter by Draconian cost-cutting, an unsustainable strategy for long-term growth. More importantly, although companies are beating profit estimates, thanks to the cost-cutting, they are missing expectations for revenue, she says. Further, cost-cutting via layoffs hurts the economy as a whole, Garnick argues, because the unemployed spend less money… U.S. Economy: GDP Shrinks in Worst Slump in 50 Years "You have to balance hope with reality," says Doug Sandler, chief equity officer at Riverfront Investment Group. Sandler tells Andrew O'Day "this is a good example of a year where you probably have a lot of hope early, then the reality coming through…” …[The upshot is that the fraud continues in churn-and-earn fashion with investors, taxpayer, etc., getting burned for the sake of wall street greed/fraud. The lunatic wall street frauds’ desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc. - Analyst Andre Egleshion puts the amount at $600+trillion) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc.]. U.S. Economy in 2nd Straight Quarter of Steep Decline Dollar falls on euro, up on yen on GDP hopes…riiiiight! "You have to balance hope with reality," says Doug Sandler, chief equity officer at Riverfront Investment Group. Sandler tells Andrew O'Day "this is a good example of a year where you probably have a lot of hope early, then the reality coming through…” Chrysler files for Chapter 11 bankruptcy Motorola loss widens; analysts see worrisome signs Dow Chemical 1Q profit tumbles 97 percent With earnings bar low, April fraudulently strong for stocks Will the Swine Flu Get the Same Response as the Financial Crisis - Protect the Status Quo without Really Changing Anything? U.S. Economy: GDP Shrinks in Worst Slump in 50 Years Top Senate Democrat: bankers “own” the U.S. Congress Stress-Test Results Are Delayed by Fed as Examiners, Banks Debate Findings... Economy shrinks at worse-than-expected pace... Metro Unemployment Skyrockets; Some Cities See Rates Comparable To Great Depression... STRESS: Fed Finds at Least 6 of 19 Biggest Banks Need to Raise More Capital... CITI scrambles... MSNBC's Washington HQ Can't Make Rent: Looking to Share Space with Local U... Betrayal of the People By Wall Street, Banks, and Government FLASH: Treasury Borrows Record $361 Billion for 2nd Quarter... The Great Geithner Coverup Obama Maintains His Perfect Batting Average for Appointing Failed Insiders to Key Economic Posts Secretary of Labor Reich: Unemployment Numbers Show We’re Already In a Depression

PREVIOUS 4-29-09, flagrant suckers’ rally to keep suckers sucked in based on very bad news [ U.S. Economy in 2nd Straight Quarter of Steep Decline leading economic indicators ( a forward looking guage of economic activity/growth) declined a much worse than expected –6.1% which one analyst commented was negative and getting worse, pandemic level raised to 5, banks need another trillion, new home sales down, durable goods sales down, 4 more bank failures to 27 for 2009 thus far, GM borrows $2 billion more/close dealers/many more layoffs, Ford loses almost $2 billion, Microsoft reports first decline in revenue ever, U.S. Initial Jobless Claims Rose to 640,000 Last Week as Continuing Claims Exceed 6.1 million for new record …k, etc. , home sales down 3%, prices down 12%, etc. ] and bull s**t ( fed says pace of decline slowing…riiiiight!, dilutive stock issues, not as bad as expected, Consumer confidence soars past forecasts (on fake conference board report) in April – riiiiight! Come on! Even americans are not that shortsighted /blind /dumb!… l , etc. ) alone to keep fraudulent wall street’s churn and earn commissionable bubble ( Interview with Peter Schiff: Reflating the Bubble ) fraud rolling (on the way up and on the way down) so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! …traders living in a fool's paradise if they continue to drive the markets higher by buying stocks based on earnings that are down, say, 50 percent from this time last year, only because they're not down 75 percent… Diane Garnick, investment strategist at Invesco...In an interview on Tech Ticker, Garnick says that companies are beating earnings expectations in the first quarter by Draconian cost-cutting, an unsustainable strategy for long-term growth. More importantly, although companies are beating profit estimates, thanks to the cost-cutting, they are missing expectations for revenue, she says. Further, cost-cutting via layoffs hurts the economy as a whole, Garnick argues, because the unemployed spend less money… "You have to balance hope with reality," says Doug Sandler, chief equity officer at Riverfront Investment Group. Sandler tells Andrew O'Day "this is a good example of a year where you probably have a lot of hope early, then the reality coming through…” …[The upshot is that the fraud continues in churn-and-earn fashion with investors, taxpayer, etc., getting burned for the sake of wall street greed/fraud. The lunatic wall street frauds’ desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc. - Analyst Andre Egleshion puts the amount at $600+trillion) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc.]. U.S. Economy in 2nd Straight Quarter of Steep Decline Dollar falls on euro, up on yen on GDP hopes…riiiiight! "You have to balance hope with reality," says Doug Sandler, chief equity officer at Riverfront Investment Group. Sandler tells Andrew O'Day "this is a good example of a year where you probably have a lot of hope early, then the reality coming through…” Economy shrinks at worse-than-expected pace... Metro Unemployment Skyrockets; Some Cities See Rates Comparable To Great Depression... STRESS: Fed Finds at Least 6 of 19 Biggest Banks Need to Raise More Capital... CITI scrambles... MSNBC's Washington HQ Can't Make Rent: Looking to Share Space with Local U... Betrayal of the People By Wall Street, Banks, and Government FLASH: Treasury Borrows Record $361 Billion for 2nd Quarter... The Great Geithner Coverup Obama Maintains His Perfect Batting Average for Appointing Failed Insiders to Key Economic Posts Secretary of Labor Reich: Unemployment Numbers Show We’re Already In a Depression

PREVIOUS 4-28-09, very modest losses relative to reality to keep suckers sucked in based on bad news (banks need another trillion, new home sales down, durable goods sales down, 4 more bank failures, GM borrows $2 billion more, Ford loses almost $2 billion, Microsoft reports first decline in revenue ever, U.S. Initial Jobless Claims Rose to 640,000 Last Week as Continuing Claims Exceed 6.1 million for new record …k, etc. , home sales down 3%, prices down 12%, etc. ) and bull s**t ( dilutive stock issues, not as bad as expected, Consumer confidence soars past forecasts (on fake conference board report) in April – riiiiight! Come on! Even americans are not that shortsighted /blind /dumb!… l etc. ) alone to keep fraudulent wall street’s churn and earn commissionable bubble ( Interview with Peter Schiff: Reflating the Bubble ) fraud rolling (on the way up and on the way down) so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! Sun's loss widens on restructuring, slumping sales Citi, BofA may need more capital after stress tests (Reuters) GM to force more than 1,000 dealers to close Douglas, Stone head back to `Wall Street' (AP) E-Trade Financial 1st-qtr loss widens, shares fall (AP) Textron's 1st-quarter profit falls 63 pct (AP) …traders living in a fool's paradise if they continue to drive the markets higher by buying stocks based on earnings that are down, say, 50 percent from this time last year, only because they're not down 75 percent… Diane Garnick, investment strategist at Invesco...In an interview on Tech Ticker, Garnick says that companies are beating earnings expectations in the first quarter by Draconian cost-cutting, an unsustainable strategy for long-term growth. More importantly, although companies are beating profit estimates, thanks to the cost-cutting, they are missing expectations for revenue, she says.Further, cost-cutting via layoffs hurts the economy as a whole, Garnick argues, because the unemployed spend less money… Betrayal of the People By Wall Street, Banks, and Government FLASH: Treasury Borrows Record $361 Billion for 2nd Quarter... The Great Geithner Coverup Obama Maintains His Perfect Batting Average for Appointing Failed Insiders to Key Economic Posts Secretary of Labor Reich: Unemployment Numbers Show We’re Already In a Depression

PREVIOUS 4-27-09, only modest losses relative to reality to keep suckers sucked in based on bad news (banks need another trillion, new home sales down, durable goods sales down, 4 more bank failures, GM borrows $2 billion more, Ford loses almost $2 billion, Microsoft reports first decline in revenue ever, U.S. Initial Jobless Claims Rose to 640,000 Last Week as Continuing Claims Exceed 6.1 million for new record …k, etc. , home sales down 3%, prices down 12%, etc. ) and bull s**t ( dilutive stock issues, not as bad as expected, etc. ) alone to keep fraudulent wall street’s churn and earn commissionable bubble ( Interview with Peter Schiff: Reflating the Bubble ) fraud rolling (on the way up and on the way down) so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! …traders living in a fool's paradise if they continue to drive the markets higher by buying stocks based on earnings that are down, say, 50 percent from this time last year, only because they're not down 75 percent… Diane Garnick, investment strategist at Invesco...In an interview on Tech Ticker, Garnick says that companies are beating earnings expectations in the first quarter by Draconian cost-cutting, an unsustainable strategy for long-term growth. More importantly, although companies are beating profit estimates, thanks to the cost-cutting, they are missing expectations for revenue, she says.Further, cost-cutting via layoffs hurts the economy as a whole, Garnick argues, because the unemployed spend less money… Betrayal of the People By Wall Street, Banks, and Government GM OFFERS ITSELF UP FOR NATIONALIZATION... FLASH: Treasury Borrows Record $361 Billion for 2nd Quarter... GM goes for broke Corporate CFR Members Get Most of the Bailout Money Flu fears dampen talk of tentative world recovery Raised pandemic risk, bank capital report fuels fresh fears US newspaper circulation sees biggest decline yet (AP) WSJ: Regulators urge BofA, Citi to boost capital

GM goes for broke CNNMoney | General Motors announced plans Monday to cut 23,000 U.S. jobs by 2011, drop its storied Pontiac brand and slash 40% of its dealer network in its latest bid to stay out of bankruptcy.

U.S. Initial Jobless Claims Rose to 640,000 Last Week

Gore Denies that Ken Lay, Goldman Sachs CEOs Helped Develop C02 Trading ‘Scheme’: VIDEO

PREVIOUS 4-24-09, suckers’ bear market rally to keep suckers sucked in based on bad news ( new home sales down, durable goods sales down, 4 more bank failures, GM borrows $2 billion more, Ford loses almost $2 billion, Microsoft reports first decline in revenue ever, U.S. Initial Jobless Claims Rose to 640,000 Last Week as Continuing Claims Exceed 6.1 million for new record …k, etc. , home sales down 3%, prices down 12%, etc. ) and bull s**t ( dilutive stock issues, not as bad as expected, etc. ) alone to keep fraudulent wall street’s churn and earn commissionable bubble ( Interview with Peter Schiff: Reflating the Bubble ) fraud rolling (on the way up and on the way down) so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! Watch out for the fake government stress tests (they lie about everything!). Note the delay in the rollout. Bank analyst Cassidy says bank plan a failure. Business week business analyst /reporter says (tongue in cheek) the optimism (irrational exuberance) must be the advent of spring and the birds chirping (in the heads of the wall street lunatic/frauds…cukoos). Analysts/Economists comments include: slow release of stress test results, details and accuracy of data crucial for stress tests (good luck!), things have not bottomed out but pace of decline has slowed somewhat, bleak outlook for GM, Chrysler and bankruptcy probably necessary because of legacy costs, and public pension funds with ridiculously rich benefits the next shoe to drop. Oxdown Gazette sums up the crucial story | ‘The 12 trillion that is being floated to insolvent US banks is essentially being looted in the paper economy’ (ie., churn and earn by wall street fraudsters who must be prosecuted and forced disgorgement/forfeiture in the massive securities fraud that still goes unmentioned though the source of this economic debacle, etc.).
Four more banks shuttered as credit crunch shakes out Why Housing Is Not Coming Back Obama Talks Credit Cards, Summers Nods Off This Volatility Is Off the Charts! Banks May Struggle After 'Stress Tests'; Bad Assets Triple...

R.I.P.: GM to pull the plug on Pontiac...

Four more banks closed by regulators, this years closures exceeding all of 2008 as depression continues John Letzing, MarketWatch April 24, 2009 SAN FRANCISCO (MarketWatch) -- Four banks in Georgia, Michigan, California and Idaho were closed by regulators Friday, costing the Federal Deposit Insurance Corp.'s deposit insurance fund nearly $700 million as the effects of the credit crisis continued rippling throughout the U.S. economy. Kennesaw, Ga.-based American Southern Bank marked the 26th bank failure of the year and the fifth in the state of Georgia, the FDIC said. Farmington Hills, Mich.-based Michigan Heritage Bank then became the 27th failure of 2009, followed by the closure of Calabasas, Ca.-based First Bank of Beverly Hills. Alpharetta, Ga.-based Bank of North Georgia has agreed to assume American Southern Bank's deposits, the FDIC said in a statement…
Germany’s slump risks ‘explosive’ mood as second banking crisis looms China Increases Gold Reserves 76% to Fifth-Largest

PREVIOUS 4-23-09, suckers’ rally in last 30 minutes to keep suckers sucked in based on bad news ( U.S. Initial Jobless Claims Rose to 640,000 Last Week as Continuing Claims Exceed 6.1 million for new record …k, etc. , home sales down 3%, prices down 12%, etc. ) and bull s**t ( dilutive stock issues, not as bad as expected, etc. ) alone to keep fraudulent wall street’s churn and earn commissionable bubble ( Interview with Peter Schiff: Reflating the Bubble ) fraud rolling (on the way up and on the way down) so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! Watch out for the fake government stress tests (they lie about everything!). Oxdown Gazette sums up the crucial story | ‘The 12 trillion that is being floated to insolvent US banks is essentially being looted in the paper economy’ (ie., churn and earn by wall street fraudsters who must be prosecuted and forced disgorgement/forfeiture in the massive securities fraud that still goes unmentioned though the source of this economic debacle, etc.). U.S. Initial Jobless Claims Rose to 640,000 Last Week as Continuing Claims Exceed 6.1 million for new record …k Russia’s economy shrank a staggering 9.5% in first quarter Truth About TARP Reports: GM to Shut Down Plants for the Summer President's financial adviser falls asleep while Obama talks! ON THE BRINK: Feds preparing bankruptcy filing for CHRYSLER... AMEX Profit Drops 58% as Defaults Rise, Consumers Cut Spending... Microsoft's sales show fallout of recession Normura posts record $7.3 billion annual loss Interview with Peter Schiff: Reflating the Bubble

Soaring U.S. Budget Deficit Will Mean Billions in Bond Sales Housing bubble smackdown: Huge “shadow inventory” portends a bigger crash ahead AP Sources:GM to shut many US plants up to 9 weeks - General Motors Corp. is planning to temporarily close most of its U.S. factories for up to nine weeks this summer because of slumping sales and growing inventories of unsold vehicles, three people bri… [$$] Morgan Stanley Still at Loss (at The Wall Street Journal Online) [$$] Gauging Stress: More Losses Likely (at The Wall Street Journal Online) No quick cybersecurity fix seen Banks still in distress, Geithner tells overseers…DAAAAAH! How ‘bout insolvent!…(AP) David Tice: S&P 500 To Plunge to 325 Housing Starts Fall Sharply... Wall Street loses 3,100 jobs in March … Should lose another 90% OF THEIR CHURN AND EARN JOBS (Reuters) Treasury Stress Test Won't Add Clarity or Transparency - Just Inconsistency … and lack of meaningful FASB standard (ie., mark to market abolition, etc.) means more fraud (at Seeking Alpha) Questions linger over Tarp funding... MAJOR MALL OPERATOR FILES FOR BANKRUPTCY... JPMorgan and Goldman trading profits unlikely to last Reuters The Great Geithner Coverup Obama Maintains His Perfect Batting Average for Appointing Failed Insiders to Key Economic Posts Secretary of Labor Reich: Unemployment Numbers Show We’re Already In a Depression

PREVIOUS 4-22-09, modest losses relative to reality in mixed market close so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! Oxdown Gazette sums up the crucial story | ‘The 12 trillion that is being floated to insolvent US banks is essentially being looted in the paper economy’(ie., churn and earn by wall street fraudsters who must be prosecuted and forced disgorgement/forfeiture in the massive securities fraud that still goes unmentioned though the source of this economic debacle, etc.). ‘For the second session in a row, stocks opened lower but buyers moved in to bid the major indices higher (based on nothing at all). However, upward momentum stalled as the S&P 500 approached the 850 level in the final hour of trading, which prompted sellers to re-enter the fold and hand stocks a sizeable loss. The late selling effort focused on financial stocks, which closed with a loss of 3.8%, worse than any other sector in the S&P 500. Shares of Morgan Stanley (MS 22.44, -2.21) weighed heavily on the financial sector after the company reported a larger-than-expected first quarter loss and a dividend cut.’

Gold Heading Above $2,000 by End of 2010: Strategist Soaring U.S. Budget Deficit Will Mean Billions in Bond Sales Housing bubble smackdown: Huge “shadow inventory” portends a bigger crash ahead AP Sources:GM to shut many US plants up to 9 weeks - General Motors Corp. is planning to temporarily close most of its U.S. factories for up to nine weeks this summer because of slumping sales and growing inventories of unsold vehicles, three people bri... Falling bank stocks unravel rally; Dow loses 83 - Nagging worries about banks upended a stock market rally Wednesday. [$$] Morgan Stanley Still at Loss (at The Wall Street Journal Online) Talks on mortgage relief plan hit a snag (AP) - Negotiations between the banking industry and Senate Democrats on a mortgage relief plan hit a snag Wednesday after a trade association representing credit unions said it could not endorse the proposa... [$$] Gauging Stress: More Losses Likely (at The Wall Street Journal Online) No quick cybersecurity fix seen Banks still in distress, Geithner tells overseers…DAAAAAH! How ‘bout insolvent!…(AP) David Tice: S&P 500 To Plunge to 325 Housing Starts Fall Sharply... Wall Street loses 3,100 jobs in March … Should lose another 90% OF THEIR CHURN AND EARN JOBS (Reuters) Treasury Stress Test Won't Add Clarity or Transparency - Just Inconsistency … and lack of meaningful FASB standard (ie., mark to market abolition, etc.) means more fraud (at Seeking Alpha) Questions linger over Tarp funding... MAJOR MALL OPERATOR FILES FOR BANKRUPTCY... JPMorgan and Goldman trading profits unlikely to last Reuters The Great Geithner Coverup Obama Maintains His Perfect Batting Average for Appointing Failed Insiders to Key Economic Posts Secretary of Labor Reich: Unemployment Numbers Show We’re Already In a Depression

PREVIOUS 4-21-09, Tiny Tim talks the talk in testimony tit for tat talking the talk, or stated another way, how much talk could tiny tim talk if a tiny tim could talk talk, said three times fast and you have the inspiration for a rally on fraudulent wall street based on bull s**t alone as bad news and bull s**t alone has kept the churn and earn commissionable bubble fraud rolling (on the way up and on the way down) so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! Even main stream business radio reporter Laura Gregory references the ‘rally based on nothing at all’, which of course is true. One analyst said all bank problems remain and reality would not limit the remaining problems to banks. IMF says $2.7 trillion in losses ahead for (u.s.) banks. judd greg says u.s. couldn’t meet the economic criteria for admission to EU. WOW! Given the economic state of the EU, that’s worse than bad! Seeking Alpha Analyst sums it up ‘…The six-week-long rally is over. It was huge. The Dow Jones is up almost 1500 points. But the party is over. The Dow Jones fell under its 13 day moving average, the same thing happened to the S&P 500 and the Nasdaq composite. I had some hope that the Naz could stay above its 13 day MA, but no such luck. Now what? According to the 1932 scenario, we might have a 2-3 months long slump, followed by another bull market. Or the market can go down big time, cross down its 50 day MA and test the March lows…’ - The latter is the scenario consonant with reality. - He assumes best case scenario as he concludes that ‘…means that either the March low holds or a new low will not be much lower. – Reality disagrees with that overly rosy scenario based upon his stated overly rosy assumption! Crimes suspected in 20 bailout cases — for starters AIG eats another $30 billion-ish Housing Bubble Smackdown: Bigger Crash Ahead U.S. Stocks To Fall at Least 6%: Doug Kass Key Points About the Coming Hyperinflation Wall St gains as banks lifted by tiny tim’s b.s NYT losses worsen as ad sales plunge 27%... Yahoo to cut 5 percent of jobs Wall St gains as banks lifted by tiny tim’s b.s. AMD posts deeper loss, shares fall (AP) [$$] Connecticut Treasurer Joins Critics of BofA CEO (at The Wall Street Journal Online) [$$] Citi Investors Vent About Losses (at The Wall Street Journal Online) Banks still in distress, Geithner tells overseers…DAAAAAH! How ‘bout insolvent!…(AP) David Tice: S&P 500 To Plunge to 325 Housing Starts Fall Sharply... Wall Street loses 3,100 jobs in March … Should lose another 90% OF THEIR CHURN AND EARN JOBS (Reuters) Treasury Stress Test Won't Add Clarity or Transparency - Just Inconsistency … and lack of meaningful FASB standard (ie., mark to market abolition, etc.) means more fraud (at Seeking Alpha) Questions linger over Tarp funding... MAJOR MALL OPERATOR FILES FOR BANKRUPTCY... JPMorgan and Goldman trading profits unlikely to last Reuters The Great Geithner Coverup Obama Maintains His Perfect Batting Average for Appointing Failed Insiders to Key Economic Posts Secretary of Labor Reich: Unemployment Numbers Show We’re Already In a Depression

PREVIOUS 4-20-09, Modest losses relative to reality as bad news and bull s**t alone has kept the churn and earn commissionable bubble fraud rolling (on the way up and on the way down) so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! All reasons for today’s reality plunge have been previously covered and warned of here in real time; ie., new meaningless FASB accounting standards which wall street frauds rallied on now have sold off on, worse to come in credit defaults/losses, leading indicators down again, etc.. David Tice: S&P 500 To Plunge to 325 `Housing Starts Fall Sharply...` Sony Ericsson posts Q1 loss, plans more cost cuts Wall Street loses 3,100 jobs in March … Should lose another 90% OF THEIR CHURN AND EARN JOBS (Reuters) Treasury Stress Test Won't Add Clarity or Transparency - Just Inconsistency … and lack of meaningful FASB standard (ie., mark to market abolition, etc.) means more fraud (at Seeking Alpha) `Questions linger over Tarp funding...` `MAJOR MALL OPERATOR FILES FOR BANKRUPTCY...` JPMorgan and Goldman trading profits unlikely to last Reuters The Great Geithner Coverup Obama Maintains His Perfect Batting Average for Appointing Failed Insiders to Key Economic Posts Secretary of Labor Reich: Unemployment Numbers Show We’re Already In a Depression Fed sees economy sliding further A Bear in Bull's Clothing: Why This Rally Will Fall Short Ron Paul: Reckless Spending And Taxation Prolonged Great Depression Goldman Sachs: Wall St Largest Crooks

Citigroup: The Beginning and End of the Current Rally (at Seeking Alpha) Why BAC Will Beat: Understanding a New Bull Market Is Not Underway (at Seeking Alpha) Government's Handling of Economic Crisis - Einstein Would Call It Insane (at Seeking Alpha) Bank of America net up, shares sink on bad loans GM cutting 1,600 U.S. salaried positions IBM sales fall more than expected, but b.s. up Wall Street sinks on banks' woes Wall Street tumbles as investors dump financials (AP) IBM shares slip as 1Q sales fall short (AP) New embrace of reality about bank health grip Wall Street Backdoor Path To Bank Nationalization (at CNBC) Zions Bancorp Swings To 1Q Loss; Moody's Cuts Ratings Economic Downturn Negatively Affecting Credit Markets in Varied Industries Celente: “America lives in a fascist state” Backdoor Nationalization? U.S. May Convert Banks’ Bailouts to Equity Share Why a 50% Drop in Housing Is Not the Bottom

PREVIOUS 4-17-09 (4-14,15,16,-09), Suckers’ rally into the close to keep the suckers’ suckered on bad news and bull s**t alone so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!

April 17 (Bloomberg) -- David Tice, the chief portfolio strategist for bear markets at Federated Investors Inc., said the Standard & Poor’s 500 Index will probably plunge about 62 percent. He spoke during a Bloomberg Television interview today. The Federated Prudent Bear Fund that he founded returned 6.7 percent last year as the S&P 500 plunged 38 percent, the most since 1937. Tice said the benchmark index for U.S. stocks may slump to about 325. It closed today at 865.30. The measure has surged 28 percent since March 9, the most in five weeks since the 1930s. SUCKER'S RALLY APPROACHING AN END by Peter Cooper: Whatever the technical reason for the 25 percent rise in the S&P over the past five weeks, or a more modest eight percent bounce in GCC regional stock prices, the absurdness of this sucker’s rally ought to be obvious to all. Unemployment is still rising, house prices are still falling, and the fundamentals of bank balance sheets are still deteriorating with total bad debts unknown except that we know they must be getting worse. Global trade fell off a cliff in the first quarter of the year. Even Mercedes car sales to the oil rich of the GCC fell 23 per cent. The collapse of the world’s second largest economy, Japan, has been unprecedented.
Bad news coming … The stock market pattern in 2008-9 has so far been a mirror image of the crash of 1929-30 with a halving of prices from the autumn followed by a 25 per cent rally from March lows. In April 1930 stocks moved sideways and then they crashed another 50 per cent into the summer… New record continuing unemployment claims in excess of 6 million, -11% for new home sales (unexpected but stocks and even homebuilders rallied), Bloomberg reports $13 trillion (much unaccounted for) taxpayer/bailout funds spent/lent/stolen by who knows what/where/how (ie.,replace stolen funds?, etc.), second largest mall co. to bankruptcy with more to come along with more commercial real estate foreclosures. ‘…initial claims for the week ending April 11 totaled 610,000, which is down more than expected from the prior week, but continuing claims climbed more than expected to a new record of 6.02 million. Separately, housing starts disappointed investors hoping to find signs of a recovery in home building. Housing starts for March totaled 510,000, which was below the 540,000 starts that were expected and down from the prior month. Meanwhile, building permits in March totaled 513,000, which is below the 549,000 permits that were expected, down from February…’

Industrial production down –13%, most since WW2. The wall street frauds celebrate increase real estate sales…on increased foreclosures…riiiiight! U.S. foreclosure filings jump as moratoriums end US foreclosures up 24 percent in 1st quarter Jim Rogers Says Investors Should Expect More Bottoms Still not one prosecution as new churn and earn fraud/bubble begins with taxpayer bailout funds (old reliable foggy/sell the sizzle tech sector now the wall street frauds’ refuge-remember the dot com bust, etc.). BULL ST STORIES FOISTED AS B.S. TALKING POINTS FOR CONTINUING FRAUD/SPIKE IN STOCK PRICES FOR CHURN AND EARN COMMISSIONING: WELLS FARGO RECEIVED $25 BILLION TAXPAYER MONEY/BAILOUT FUNDS AND SHOWS (RECORD FOR THEM?) $3 BILLION QUARTERLY PROFIT- GOLDMAN RECEIVED $10 BILLION PLUS UNDISCLOSED FED/ ULTIMATELY TAXPAYER MONEY AND REPORTS QUARTERLY $1.8 BILLION PROFIT - MORGAN CHASE RECEIVED $25 BILLION AND REPORTS QUARTERLY $2+ BILLION PROFIT – CITI RECEIVED $25 BILLION AND REPORTS QUARTERLY $__ BILLION PROFIT - DO THE MATH (FIRST GRADE ELEMENTARY SCHOOL KIDS COULD DO AS WELL, AND FOR FAR LESS PAY) - AT THAT RATE, TAXPAYERS WILL SOON HAVE NOTHING LEFT FOR THEM TO TAX! WHAT FRAUDS! The Great Geithner Coverup WHAT TOTAL BULL ST! …[The upshot is that the fraud continues in churn-and-earn fashion with investors, taxpayer, etc., getting burned for the sake of wall street greed/fraud. The lunatic wall street frauds’ desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc. - Analyst Andre Egleshion puts the amount at $600+trillion) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc.]. U.S. Treasury asking banks keep quiet on stress tests New unemployment claims at high 654,000 praised as positive number… riiiiight! …as continuing unemployment claims at record 5.84 million (real numbers even worse). Economy so bad that consumers can’t buy goods so trade deficit shrank but this is a structural defect in u.s. economy so not good news and consistent with bad news of still plunging retail sector. Najarian points out that wall street always a circus, consolidation, robbing peter to pay paul, take profits; while economist cite Reich that we’re in depression and government as in land of fruits and nuts out of control. Earnings revised downward for first quarter –36.5%, more weakness, more unemployment, inflation to come on fast says Hogan, and insurance companies now que up at corporate welfare/taxpayer bailout lines. In positing (suckers’) bear market rally and advocating hold cash/sell stocks Hillary Kramer points to the preposterous on wall street where bad news greated as good vis-à-vis stocks (they call what wall street does ‘fraud’…in a rational world where they would already be in jail). Madman Cramer – the ultimate contrarian indicator - CRAMER'S CALL: ANOTHER RALLY TOP INDICATOR Greg Feirman Wow, the bulls are really feeling good. “Wells Fargo Carries The Day” and the S&P and Dow closed at 2 months high and the Nasdaq is near its highs for the year. On Mad Money this evening, Cramer went so far as to call “a turn in the economy”, saying “the facts have changed”, “the situation has clearly improved” and “things are getting better”. This isn’t the first time Cramer has called a bottom and he’s been wrong before (For example, see “Cramer Declares The End Of The Bear Market” , Top Gun FP, July 31, 2008). The market topped out a couple weeks later. On Monday October 6, Cramer went on the today show and told people to sell any stock money they might need in the next five years. The market bottomed that Friday. It could run another couple weeks but this rally is running thin. Methinks me smells a top….. Rational View Courtesy of ETF.COM: ‘…Due to our expectations of continued weakness in the financial sector, the looming deterioration of commercial real estate, the credit markets tepid backing of the equity rally, and the still very shaky and highly volatile global economy, it's our view at ETFdesk.com the recent run-up in stocks is unwarranted and presents an overly optimistic view of the months ahead. We believe investors should consider taking short term profits or use the recent run to reduce equity exposure they are weary of. We also believe investment grade debt (NYSEArca: LQD - News) represents an opportunity for investors seeking beaten down prices without the downside volatility of equities…David Tice: S&P 500 To Plunge to 325 `Housing Starts Fall Sharply...` Sony Ericsson posts Q1 loss, plans more cost cuts Wall Street loses 3,100 jobs in March … Should lose another 90% OF THEIR CHURN AND EARN JOBS (Reuters) Toshiba expects bigger loss, contract job cuts Sony Ericsson posts loss, to cut 2,000 jobs Treasury Stress Test Won't Add Clarity or Transparency - Just Inconsistency … and lack of meaningful FASB standard (ie., mark to market abolition, etc.) means more fraud (at Seeking Alpha) `Questions linger over Tarp funding...` `MAJOR MALL OPERATOR FILES FOR BANKRUPTCY...` JPMorgan and Goldman trading profits unlikely to last Reuters The Great Geithner Coverup Obama Maintains His Perfect Batting Average for Appointing Failed Insiders to Key Economic Posts Secretary of Labor Reich: Unemployment Numbers Show We’re Already In a Depression Fed sees economy sliding further A Bear in Bull's Clothing: Why This Rally Will Fall Short Ron Paul: Reckless Spending And Taxation Prolonged Great Depression Goldman Sachs: Wall St Largest Crooks

PREVIOUS (4-14-09), Suckers’ rally into the close to keep the suckers’ suckered on bad news and bull s**t alone so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! Retail sales down –1.1%. ‘…The downward push came as financial stocks fell out of favor and disappointing retail sales data led some to second guess the prospects of retailers. Financial stocks weighed on the broader market for the entire session and finished with a 7.7% loss. The sector's weakness was widespread, but investment banks and brokerages (-10.7%) suffered some of the steepest declines after Goldman Sachs (GS 115.92, -14.23) announced a $5 billion common equity offering that was discounted from the prior session's closing price. The offering will also prove dilutive to existing shareholders…’ Jim Rogers Says Investors Should Expect More Bottoms BULL S**T STORIES FOISTED AS B.S. TALKING POINT FOR CONTINUING FRAUD/SPIKE IN STOCK PRICES FOR CHURN AND EARN COMMISSIONING: WELLS FARGO RECEIVES $25 BILLION TAXPAYER MONEY/BAILOUT FUNDS AND SHOWS (RECORD FOR THEM?) $3 BILLION QUARTERLY PROFIT- GOLDMAN RECEIVED $10 BILLION PLUS UNDISCLOSED FED/ ULTIMATELY TAXPAYER MONEY AND REPORTS QUARTERLY $1.8 BILLION PROFIT - DO THE MATH (FIRST GRADE ELEMENTARY SCHOOL KIDS COULD DO AS WELL, AND FOR FAR LESS PAY) - AT THAT RATE, TAXPAYERS WILL SOON HAVE NOTHING LEFT FOR THEM TO TAX! WHAT FRAUDS! The Great Geithner Coverup WHAT TOTAL BULL S**T! U.S. Treasury asking banks keep quiet on stress tests New unemployment claims at high 654,000 praised as positive number…riiiiight!…as continuing unemployment claims at record 5.84 million (real numbers even worse). Economy so bad that consumers can’t buy goods so trade deficit shrank but this is a structural defect in u.s. economy so not good news and consistent with bad news of still plunging retail sector. Najarian points out that wall street always a circus, consolidation, robbing peter to pay paul, take profits; while economist cite Reich that we’re in depression and government as in land of fruits and nuts out of control. Earnings revised downward for first quarter –36.5%, more weakness, more unemployment, inflation to come on fast says Hogan, and insurance companies now que up at corporate welfare/taxpayer bailout lines. In positing (suckers’) bear market rally and advocating hold cash/sell stocks Hillary Kramer points to the preposterous on wall street where bad news greated as good vis-à-vis stocks (they call what wall street does ‘fraud’…in a rational world where they would already be in jail). Madman Cramer – the ultimate contrarian indicator - CRAMER'S CALL: ANOTHER RALLY TOP INDICATOR Greg Feirman Wow, the bulls are really feeling good. “Wells Fargo Carries The Day” and the S&P and Dow closed at 2 months high and the Nasdaq is near its highs for the year. On Mad Money this evening, Cramer went so far as to call “a turn in the economy”, saying “the facts have changed”, “the situation has clearly improved” and “things are getting better”. This isn’t the first time Cramer has called a bottom and he’s been wrong before (For example, see “Cramer Declares The End Of The Bear Market” , Top Gun FP, July 31, 2008). The market topped out a couple weeks later. On Monday October 6, Cramer went on the today show and told people to sell any stock money they might need in the next five years. The market bottomed that Friday. It could run another couple weeks but this rally is running thin. Methinks me smells a top….. Rational View Courtesy of ETF.COM: ‘…Due to our expectations of continued weakness in the financial sector, the looming deterioration of commercial real estate, the credit markets tepid backing of the equity rally, and the still very shaky and highly volatile global economy, it's our view at ETFdesk.com the recent run-up in stocks is unwarranted and presents an overly optimistic view of the months ahead. We believe investors should consider taking short term profits or use the recent run to reduce equity exposure they are weary of. We also believe investment grade debt (NYSEArca: LQD - News) represents an opportunity for investors seeking beaten down prices without the downside volatility of equities…’ The Great Geithner Coverup Secretary of Labor Reich: Unemployment Numbers Show We’re Already In a Depression Fed sees economy sliding further A Bear in Bull's Clothing: Why This Rally Will Fall Short Goldman Sachs Q1: Pay Up, People Down Dealbreaker Afterdark: Fannie Mae CEO To Head Bailout Nation UBS cuts 8,700 more jobs Let's Keep Big Banks from Ruining America Forever (at Seeking Alpha) China's ICBC now world's largest bank by deposits (at MarketWatch) UBS faces $1.8 billion loss, will cut almost 9,000 more jobs World Economy Falling Faster Than in 1929-1930 The Geithner-Summers Plan is Even Worse Than Thought Author who predicted crisis sees hyperinflation ahead

PREVIOUS (4-13-09), ’ Jim Rogers Says Investors Should Expect More Bottoms BULL S**T STORIES FOISTED AS B.S. TALKING POINT FOR CONTINUING FRAUD/SPIKE IN STOCK PRICES FOR CHURN AND EARN COMMISSIONING: WELLS FARGO RECEIVES $25 BILLION TAXPAYER MONEY/BAILOUT FUNDS AND SHOWS (RECORD FOR THEM?) $3 BILLION QUARTERLY PROFIT- GOLDMAN RECEIVED $10 BILLION PLUS UNDISCLOSED FED/ ULTIMATELY TAXPAYER MONEY AND REPORTS QUARTERLY $1.8 BILLION PROFIT - DO THE MATH (FIRST GRADE ELEMENTARY SCHOOL KIDS COULD DO AS WELL, AND FOR FAR LESS PAY) - AT THAT RATE, TAXPAYERS WILL SOON HAVE NOTHING LEFT FOR THEM TO TAX! WHAT FRAUDS! The Great Geithner Coverup WHAT TOTAL BULL S**T! U.S. Treasury asking banks keep quiet on stress tests New unemployment claims at high 654,000 praised as positive number…riiiiight!…as continuing unemployment claims at record 5.84 million (real numbers even worse). Economy so bad that consumers can’t buy goods so trade deficit shrank but this is a structural defect in u.s. economy so not good news and consistent with bad news of still plunging retail sector. Najarian points out that wall street always a circus, consolidation, robbing peter to pay paul, take profits; while economist cite Reich that we’re in depression and government as in land of fruits and nuts out of control. Earnings revised downward for first quarter –36.5%, more weakness, more unemployment, inflation to come on fast says Hogan, and insurance companies now que up at corporate welfare/taxpayer bailout lines. In positing (suckers’) bear market rally and advocating hold cash/sell stocks Hillary Kramer points to the preposterous on wall street where bad news greated as good vis-à-vis stocks (they call what wall street does ‘fraud’…in a rational world where they would already be in jail). Madman Cramer – the ultimate contrarian indicator - CRAMER'S CALL: ANOTHER RALLY TOP INDICATOR Greg Feirman Wow, the bulls are really feeling good. “Wells Fargo Carries The Day” and the S&P and Dow closed at 2 months high and the Nasdaq is near its highs for the year. On Mad Money this evening, Cramer went so far as to call “a turn in the economy”, saying “the facts have changed”, “the situation has clearly improved” and “things are getting better”. This isn’t the first time Cramer has called a bottom and he’s been wrong before (For example, see “Cramer Declares The End Of The Bear Market” , Top Gun FP, July 31, 2008). The market topped out a couple weeks later. On Monday October 6, Cramer went on the today show and told people to sell any stock money they might need in the next five years. The market bottomed that Friday. It could run another couple weeks but this rally is running thin. Methinks me smells a top….. Rational View Courtesy of ETF.COM: ‘…Due to our expectations of continued weakness in the financial sector, the looming deterioration of commercial real estate, the credit markets tepid backing of the equity rally, and the still very shaky and highly volatile global economy, it's our view at ETFdesk.com the recent run-up in stocks is unwarranted and presents an overly optimistic view of the months ahead. We believe investors should consider taking short term profits or use the recent run to reduce equity exposure they are weary of. We also believe investment grade debt (NYSEArca: LQD - News) represents an opportunity for investors seeking beaten down prices without the downside volatility of equities…’ The Great Geithner Coverup China Slows Purchases of U.S. and Other Bonds Goldman Sachs hires law firm to shut blogger’s site for pointing to truth about the fraud firm e Singapore economy shrinks sharply more than expected WELLS FARGO 'May Need $50 Billion to Pay Feds, Cover Loan Losses'... Reporters threatened with arrest for filming private Federal Reserve building SURGE IN DELINQUENT TAXPAYERS; WASHINGTON VOWS SYMPATHY Warren Buffett's electric car venture; CEO drinks 'battery fluid'... Goldman Sachs mulls dilutive worthless stock sale to repay TARP money with other TARP money: now you know where the fed trillions in part are going: report GOLDMAN SACHS announces $5B public stock offering, reports $1.8B quarterly profit... Bailed-Out Banks Face Probe over Fees: Report You Know Things Are Bad When Even Newsweek Is Slamming the Obama Administration for Caving in to the Financial Status Quo Secretary of Labor Reich: Unemployment Numbers Show We’re Already In a Depression Fed sees economy sliding further A Bear in Bull's Clothing: Why This Rally Will Fall Short World Economy Falling Faster Than in 1929-1930 The Geithner-Summers Plan is Even Worse Than Thought Author who predicted crisis sees hyperinflation ahead

PREVIOUS (4-9-09), suckers’ bear market rally into the close on bad news and bull s**t alone so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! LATE-BREAKING BULL S**T STORY FOISTED AS B.S. TALKING POINT FOR CONTINUING FRAUD/SPIKE IN STOCK PRICES FOR COMMISSIONING: WELLS FARGO RECEIVES $25 BILLION TAXPAYER MONEY/BAILOUT FUNDS AND SHOWS (RECORD FOR THEM?) $3 BILLION QUARTERLY PROFIT - DO THE MATH (FIRST GRADE ELEMENTARY SCHOOL KIDS COULD DO AS WELL, AND FOR FAR LESS PAY) - AT THAT RATE, TAXPAYERS WILL SOON HAVE NOTHING LEFT FOR THEM TO TAX! WHAT FRAUDS! WHAT TOTAL BULL S**T! U.S. Treasury asking banks keep quiet on stress tests New unemployment claims at high 654,000 praised as positive number…riiiiight!…as continuing unemployment claims at record 5.84 million (real numbers even worse). Economy so bad that consumers can’t buy goods so trade deficit shrank but this is a structural defect in u.s. economy so not good news and consistent with bad news of still plunging retail sector. Najarian points out that wall street always a circus, consolidation, robbing peter to pay paul, take profits; while economist cite Reich that we’re in depression and government as in land of fruits and nuts out of control. Earnings revised downward for first quarter –36.5%, more weakness, more unemployment, inflation to come on fast says Hogan, and insurance companies now que up at corporate welfare/taxpayer bailout lines. In positing (suckers’) bear market rally and advocating hold cash/sell stocks Hillary Kramer points to the preposterous on wall street where bad news greated as good vis-à-vis stocks (they call what wall street does ‘fraud’…in a rational world where they would already be in jail). Rational View Courtesy of ETF.COM: ‘…Due to our expectations of continued weakness in the financial sector, the looming deterioration of commercial real estate, the credit markets tepid backing of the equity rally, and the still very shaky and highly volatile global economy, it's our view at ETFdesk.com the recent run-up in stocks is unwarranted and presents an overly optimistic view of the months ahead. We believe investors should consider taking short term profits or use the recent run to reduce equity exposure they are weary of. We also believe investment grade debt (NYSEArca: LQD - News) represents an opportunity for investors seeking beaten down prices without the downside volatility of equities…’ Secretary of Labor Reich: Unemployment Numbers Show We’re Already In a Depression Fed sees economy sliding further A Bear in Bull's Clothing: Why This Rally Will Fall Short World Economy Falling Faster Than in 1929-1930 The Geithner-Summers Plan is Even Worse Than Thought Market bear Roubini sticks to dour forecasts U.S. Treasury asking banks keep quiet on stress tests Boeing warns on Q1 profit, to cut plane output Wall Street sets 5th weekly gain on banks, Boeing off late U.S. Squeezes Auto Creditors (at The Wall Street Journal Online) Nikkei comes off 9,000, as banks hit by SMFG news Obama seeks $83.4 billion more in 2009 war funds Bank of Japan likely to cut economic outlook in next report Author who predicted crisis sees hyperinflation ahead

PREVIOUS (4-8-09), suckers’ bear market rally into the close on worse than expected bad news and bull s**t alone so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! LATE-BREAKING BULL S**T STORY FOR B.S. TALKING POINT FOR CONTINUING FRAUD/SPIKE IN STOCK PRICES FOR COMMISSIONING: WELLS FARGO RECEIVES $25 BILLION TAXPAYER MONEY/BAILOUT FUNDS AND SHOWS (RECORD FOR THEM?) $3 BILLION QUARTERLY PROFIT - DO THE MATH (FIRST GRADE ELEMENTARY SCHOOL KIDS COULD DO AS WELL, AND FOR FAR LESS PAY) - AT THAT RATE, TAXPAYERS WILL SOON HAVE NOTHING LEFT TO TAX! WHAT FRAUDS! WHAT TOTAL BULL S**T! Earnings revised downward for first quarter –36.5%, more weakness, more unemployment, inflation to come on fast says Hogan, and insurance companies now que up at corporate welfare/taxpayer bailout lines. In positing (suckers’) bear market rally and advocating hold cash/sell stocks Hillary Kramer points to the preposterous on wall street where bad news greated as good vis-à-vis stocks (they call what wall street does ‘fraud’…in a rational world where they would already be in jail). Rational View Courtesy of ETF.COM: ‘…Due to our expectations of continued weakness in the financial sector, the looming deterioration of commercial real estate, the credit markets tepid backing of the equity rally, and the still very shaky and highly volatile global economy, it's our view at ETFdesk.com the recent run-up in stocks is unwarranted and presents an overly optimistic view of the months ahead. We believe investors should consider taking short term profits or use the recent run to reduce equity exposure they are weary of. We also believe investment grade debt (NYSEArca: LQD - News) represents an opportunity for investors seeking beaten down prices without the downside volatility of equities…’ Secretary of Labor Reich: Unemployment Numbers Show We’re Already In a Depression Fed sees economy sliding further A Bear in Bull's Clothing: Why This Rally Will Fall Short World Economy Falling Faster Than in 1929-1930 [$$] Little Optimism From FOMC Fed sees no economic recovery until next year and then next year and year after that and next year Moody's strips Berkshire Hathaway of top rating Danger lurks behind banks' results Reality of worsening depression drove Fed action [$$] Morgan Stanley to Post a Loss From Volatile, Complex Bonds (at The Wall Street Journal Online) Bank Earnings Will Be Hit by Consumer Woes (at TheStreet.com) Financial Crisis ‘Far From Over,’ Panel Says A Bear in Bull's Clothing: Why This Rally Will Fall Short The Geithner-Summers Plan is Even Worse Than Thought SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!

PREVIOUS (4-7-09), Economics Professors: Global Crash Worse Than During First Year of Great Depression TRENDSRESEARCH.COM GERALD CELENTE points out that trillion dollar foreign banks got billions of taxpayer bailout funds and Goldman Sachs ceo’s, former ceo’s, board members were among the only few limited government personnel privy to the bailout cramdown/scheme/fraud and further, that new ‘regulation’ now permits valuation of bank assets at whatever they so choose…disaster and 25% unemployment and hyperinflation around the corner, DEPRESSION-level economic conditions already extent, already in depression. Bernanke’s Failed Financial Rescue Plan Fed chief Ben Bernanke has embarked on a radical and ruinous financial rescue plan. According to Bloomberg News, the Fed has already lent or committed $12.8 trillion trying to stabilize the financial system after the the bursting of Wall Street’s speculative mega-bubble, so still great opportunity to SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! Cat found alive after 5 weeks under rubble Fed's Fisher says U.S. economy grim AIG aircraft unit seeks $5 billion Fed credit line: report Sustainable Bull Market Unlikely More Correction on the Way in This Bear Market US Bancorp's Loan Losses Loom (at TheStreet.com) Asia Markets: Asian miners lead regional stock tumble Alex Jones interviewed by RT: U.S. is a puppet of private bankers `TARP panel: Financial Crisis 'Far From Over,' Govt. May Spend More than $4 Trillion...` Cities Collapsing throughout the USA Hundreds of Thousands of Unemployed Run Out of Benefits Larry Summers, Tim Geithner and Wall Street’s ownership of government Estimated U.S. taxpayer cost for bailout jumps Bernanke’s Failed Financial Rescue Plan The G20 moves the world a step closer to a global currency Soros: Dollar WIll Be Replaced By World Currency

PREVIOUS (4-6-09), suckers’ bear market rally into the close to finish off lows on bad news and bull s**t alone (ie., real bad numbers though favorably fudged greeted with reiteration ‘better than expected’, etc…riiiiight!), so still great opportunity to SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! Respected banking analyst Mayo brought the lunatic frauds on wall street back to earth predicting bank loan losses will exceed those of the Great Depression. Mayo Says Loan Losses Will Exceed Depression Levels... ‘Despite the absence of positive catalysts in afternoon trading, stocks were able to pare their losses. The stock market had been down as much as 2.3%, but was able to more than cut that loss in half. Financial Stocks Have Run Up Too Hard, Too Fast (at Seeking Alpha) Slow down: We're Not at the Bottom Yet U.S. deficit nearly $1 trillion in first half of FY2009 Americans Feel 15.6% Unemployment as Unemployment Surges SOROS SEES END OF DOLLAR AS WORLD CURRENCY... GM Speeds Up Bankruptcy Preparations... Bernanke ‘Green Shoots’ Signals False Spring Amid Job Losses Bush and Obama Administrations Both Broke Law By Refusing to Close Insolvent Banks Murdoch: Long-Term Economic Situation ‘Dangerous’; Recovery 2-3 Years Away Massive Checkpoint Operation in Tennessee Violated Posse Comitatus, Fourth Amendment Hundreds of Thousands of Unemployed Run Out of Benefits Larry Summers, Tiny Tim Geithner and Wall Street’s ownership of government ‘ Mayo Says Loan Losses Will Exceed Depression Levels... Obama Economic Advisors Linked to Bankers

PREVIOUS (4-3-09), suckers’ bear market rally continues on bad news and bull s**t alone (ie., real bad numbers though favorably fudged greeted with reiteration ‘better than expected’, etc…riiiiight!), so still great opportunity to SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! 5.1 million jobs lost, -663,000 in past month, unemployment rate jumps to 8.5% and 15% for underemployed/part time (I’m sure these data understate the far worse reality according to some who say 15% and 20+% respectively), credit card problems/defaults to worsen according to analyst, even service sector down, and providing insult to injury/damage Goldman, et als using taxpayer funds for toxic assets (the real boondoggle is the complicit multi-trillion dollar fraud concerning taxpayer funds to bailout/coverup massive securities law violations/crimes for which prosecution/disgorgement of gains should have already begun). Outrageous and preposterous! U.S. jobless rate hits 25-year high Lawmaker sees Fannie, Freddie bonus "insult" NYC protesters ask US to 'bail out the people' (AP) Soros: Global Depression Ahead Buchanan: We Should Kill the Fed One in 10 Americans gets help to buy food Ex-AIG chief: Bailout will not succeed Unemployment in U.S. Climbed in March to 25-Year High G-20 Shapes New World Order With Wisely Lesser Role for u.s., u.s. Markets -663,000: Unemployment Rate Reaches 25-Year High of 8.5%... 1 in every 10 Americans receive food stamps...

Buchanan: We Should Kill the Fed Patrick J. Buchanan | Hoover did what Obama is doing.

Watchdogs: Treasury won't disclose bank bailout details.(I think it’s obvious they’re covering up the substantial securities fraud, using taxpayer money to do so, as yet there’s not even one prosecution which makes the government complicit, after the fact, in consummating the fraud) ...

PREVIOUS (4-2-09), suckers’ bear market rally based upon decisively bad news (26 Year High as New US jobless claims hit 669,000 in week , except for fake government reports by corrupt scandal-scarred commerce department on manufacturing/index up 1.8% though almost all private forecasts saw decline, etc.), in addition to funny money the frauds on wall street applauded the funny assets courtesy of f.a.s.b. (there are no accounting standards in the u.s.), which makes for wall street style securities fraud as now and in the past (fed also pumped in another $23 billion in last 3 days to fuel same, despite earnings going down and stock prices soaring with stratospherically high p/e ratios). Analyst/fund manager Najarian ‘taking a lot off the table’ (selling), while Analyst/fund manager Farr/Miller who called this bear market rally see’s test of the lows, so if you don’t celebrate All Fools’ Day (you’re not a fool) you’ll continue to SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! New US jobless claims hit 669,000 in week WASHPOST: Before Crisis, Geithner Fell Short; He regulated banks... Outstanding Credit Default Swaps Down to “Only” About Twice America’s GDP Layoffs rise despite hope recession is easing (AP) G-20 to give $1 trillion to IMF, World Bank UN chief says crisis could result in failed states Tax dodgers multiply as underground economy cushions job cuts The Wall Street Journal Criticizes Capitol Hill Bonuses (and don’t forget the raises) (at Seeking Alpha) Inflationary Depression Dr. Marc Faber runs his own business, Marc Faber Limited, which acts as an investment advisor and fund manager. He publishes a widely read monthly investment newsletters The Gloom Boom & Doom report which highlights unusual investment opportunities, and is the author of several books including Tomorrow’s Gold – Asia’s Age of Discovery which was first published in 2002 and highlights future investment opportunities around the world.

PREVIOUS (4-1-09), suckers’ bear market rally into the close with 250 point swing to the upside based on decisively bad news and bull s**t alone, viz., better than dismal expectations…I don’t think so! …That dog don’t hunt no more…remember the last market burn and that similar refrain among others, and the ever indecipherable to most, that infamous tech sector will save us (bust)…riiiiight! Oh wait, I get it. April Fools Day, as in ‘fool you once, shame on them, fool you twice, thrice, etc., …shame on you’. How ‘bout all fools day. U.S. private sector axes 742,000 jobs in March March auto sales plunge... U.S. seen facing danger of 2nd recession next year or stated another more realistic way, the depression though flush with ever more worthless weimar dollars providing ephemeral b.s. talking points of happy days are here again will be exacerbated thereby and continue with a vengeance r So, SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!

AIG crisis could be the tip of an insurance iceberg U.S. Spending 100% of GDP on Bailouts and Related Programs Watchdogs: Treasury won't disclose bank bailout details.(I think it’s obvious they’re covering up the substantial securities fraud, using taxpayer money to do so, as yet there’s not even one prosecution which makes the government complicit, after the fact, in consummating the fraud) ... U.S. private sector axes 742,000 jobs in March March auto sales plunge... U.S. seen facing danger of 2nd recession next year or stated another more realistic way, the depression though flush with ever more worthless weimar dollars providing ephemeral b.s. talking points of happy days are here again will be exacerbated thereby and continue with a vengeance r Financial Rescue Nears GDP as Pledges Top $12.8 Trillion U.S. auto sales plunge, but bottom not yet near "Hurt, Frightened and Very Angry:" Risk of Social Unrest Rising, Says FT's Martin Wolf [$$] Accounting Rules Should Avoid Impairment (at The Wall Street Journal Online) Nightmare on Wall Street Destination Collapse Foreclosure Crisis Hits Warp Speed: 6 Million Families Face Losing Their Homes in the Next Three Years

PREVIOUS (3-31-09), suckers’ bear market rally continues to keep suckers suckered and commission dollars flowing by window-dressing this past month (and quarter) with gains based on bad news and hence bull s**t alone so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! Global Meltdown, Part III $$] It's Only Window-Dressing Why This Is Just Another Bear Market Rally All news decisively negative with prospectively negative implications as the jawboners/frauds talk up that ever elusive bottom for stocks/real estate despite reality indicating otherwise [have you noticed the wide divergence of private reports (though somewhat skewed to the upside because of flawed/fake data they must rely upon from the government) as opposed to false government reports]. Confidence near historically record lows and Case/Shiller index showing declining real estate values (-19.4%) Home Prices in 20 U.S. Cities Fell by a Record 19% with declines at highest rate on record Global Meltdown, Part III $$] It's Only Window-Dressing Why This Is Just Another Bear Market Rally An Autopsy of the Glass-Steagall Act U.S. Spending 100% of GDP on Bailouts and Related Programs TARP Watchdog: “We Do Not Seem To Be A Priority For The Treasury Department” NEWS BROKE: SUN-TIMES Files For Bankruptcy, Both Major Chicago Dailies Now In Chapter 11... Ontario, CA, Tent City Residents Required to Wear Wristbands Government website now offers ’suicide warning signs’ for victims of recession .

PREVIOUS (3-30-09), Art Hogan recently summed up choosing stocks in this environment thusly: ‘pick the best-looking horse at the glue factory’…..I think he was as a courtesy to his industry overly generous. The administration pitches hardballs to the auto industry while continuing to pitch powder puffs to the wall street frauds who have perpetrated the largest (securities) fraud in recorded history, turning a cyclical downturn into what is now unavoidably depression, putting beleagered taxpayers in the unfathomable position of funders/guarantors of the scam/fraud in bailing out the perpetrators of the crimes (bush’s infamous base) who have financially benefited enormously (fees, commissions, spreads, points, salaries, expenses, bonuses, etc.) from their fraud/crimes. Still not even one prosecution from this administration even though disgorgement, the legal remedy among other criminal penalties, would aid the defacto bankrupt u.s. treasury! Obama's tough auto stance may include bankruptcy Wall Street hits the brakes on autos, bank woes Workers say Obama treated autos worse than Wall St (AP) UBS shares fall as writedowns, job cuts expected (AP) Obama puts GM, Chrysler on short leash Stocks fall as automaker plans are rejected Russia backs return to Gold Standard to solve financial crisis Looting by U.S. Government at All-Time Highs White House to let Chrysler fail US Banks Operate Without Reserve Requirements GM, Peugeot CEOs forced out as auto woes deepen Geithner won't say if more bailout money needed AIG delays funds to some real-estate ventures: report Asian stocks tumble on auto, bank concerns (AP) UBS shares fall as more writedowns, job cuts seen (Reuters) GM, Chrysler have no 'viable' plans: US task force Pension insurer shifted to stocks to froth the fraudulent market Boston Globe | Just months before the start of last year’s stock market collapse, the federal agency that insures the retirement funds of 44 million Americans departed from its conservative investment strategy and decided to put much of its $64 billion insurance fund into stocks to froth the frudulent market at behest of frauds on wall street.

PREVIOUS (3-27-09), very modest losses relative to reality so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! Sugar coated though still bad numbers, usual suspects/concerns cited, ie., bankruptcies on rise, omni 22nd bank to fail this year, printing hyperinflationary funny money like mad, etc. (don’t forget, as now, in 2008 they predicted improvement in second half and no recession though we now know we were already in recession and now depression). Nobel Laureate Dr. Joseph Stiglitz Says “The Geithner Plan Amounts To Robbery Of The American People” Ninth Georgia bank collapses (at Atlanta Journal Constitution - 22nd this year) Economy shrinks most in 25 years; Unemployment continues climb Roubini Says Stocks Will Drop, Government Will Nationalize More Banks... Ron Paul Predicts 15-year Depression The Credit Bust Is Not Almost Over (at Seeking Alpha) Top bank regulator placed on leave pending review (AP) PAPER: Rahm Emanuel's Short FREDDIE MAC stay made him $320,000+... On PPIP and Geithner's Latest Power Grab (Linkfest) (at Seeking Alpha) Will SDRs Become World’s Reserve Currency? UN PANEL TOUTS NEW GLOBAL CURRENCY... Rep. to Geithner: Your Plan Is 'Radical'... The Bubble That Must Burst

PREVIOUS (3-26-09), all news decisively bad, viz., continuing unemployment claims at new record high 5.56 million, new unemployment claims at very bad 653,000, economic contraction a worse than previously reported –6.3%, corporate profits down and at worst levels in decades, J.D. Power and Associates reports auto sales decline of a whopping –40%, Economy shrinks most in 25 years; Unemployment continues climb Roubini Says Stocks Will Drop, Government Will Nationalize More Banks... Ron Paul Predicts 15-year Depression , yet suckers’ bear market rally to keep those suckers suckered so take this folly as a great opportunity to SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! The Credit Bust Is Not Almost Over (at Seeking Alpha) Top bank regulator placed on leave pending review (AP) PAPER: Rahm Emanuel's Short FREDDIE MAC stay made him $320,000+... On PPIP and Geithner's Latest Power Grab (Linkfest) (at Seeking Alpha) Will SDRs Become World’s Reserve Currency? UN PANEL TOUTS NEW GLOBAL CURRENCY... Rep. to Geithner: Your Plan Is 'Radical'... The Bubble That Must Burst

PREVIOUS (3-25-09), The corrupt, scandal-scarred commerce department notorious for institutionalized lying comes out with numbers three times/300% better than private forecasts for now into the third week in a row for such very forecastable data as used home sales, new home sales, and durable goods (mostly government/military with funny at that) in an attempt to froth that font of fraud called the american stock market/wall street which is how this financial/economic crisis came to be, with the parasitic churn-and-earn commisioning on the way up (and then down) based on bull s**t alone. Still not one prosecution of that huge collateralized securities fraud for which disgorgement would constitute substantial contribution to treasury as opposed to the just announced diversion to small potatoes (like madoff, which should be pursued but not a priority to the multi-trillion dollar collateralized securities fraud, etc.), viz., the sub-prime mortgage origination fraud (encouraged by actions of fed and government), etc.. With 80% debt-to-GDP ratio, the u.s. is now the leader of banana republic nations. Nobel Laureate Dr. Joseph Stiglitz Says “The Geithner Plan Amounts To Robbery Of The American People” IBM to cut 5,000 jobs in U.S. Wall St. rallies late as data offsets bond sale gloom [$$] Government-Debt Auctions Disappoint as Demand Subsides (at The Wall Street Journal Online) Asian Shares Mostly Lower, Mkts Overcooked; Nikkei Down 0.7% CDS ‘Godfather’ Says Blow ‘Em All Up’ Obama Denounces Global Currency While Creating The Very Means For Its Introduction Code Pink and Barney’s Bailout Circus One Small Problem With Geithner’s Plan: It Will Bankrupt The Banks White House to Hunt for New Tax Revenues Bank Of England warns Gordon Brown to stop the spending U.K. Bond Auction Fails for First Time Since 2002 Obama’s Economic Plan a “Road to Hell” Associated Press | The president of the European Union on Wednesday slammed U.S. plans to spend its way out of recession as “a road to hell.”

PREVIOUS (3-24-09): Modest losses relative to an increasingly grim reality so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!

ETF Death Watch: Why Are Funds Closing? The financial crisis isn’t just shrinking portfolios and profits. It’s also putting exchange-traded funds and notes out of business. According to State Street, 58 exchange-traded products closed last year and another 30 or so from companies like SPA, Credit Suisse and Northern Trust have stopped trading the last three months. With more on the way, the liquidation process is shaping up to be a prominent trend for investors to watch in 2009.
Geithner Plan Will Rob US Taxpayers: Stiglitz The U.S. government plan to rid banks of toxic assets will rob American taxpayers by exposing them to too much risk and is unlikely to work as long as the economy remains weak, Nobel Prize-winning economist Joseph Stiglitz said on Tuesday.
Geithner Grilled on Goldman Sachs Connections David Edwards | Geithner told Waters that Goldman Sachs could help manage the new program to help banks remove toxic assets from their books. Haven’t goldman and goldman people done enough damage? Their abilities and competence are vastly overrated and overstated. Be Gentle with the Bankers? No, Indict Them for Fraud/High Treason

U.S. woos investors to buy toxic assets Falling Japan land prices stir deflation worries China Telecom's annual profit plunges 96% on write-down Japan automakers' sales tumble in February China Urges New Money Reserve to Replace Dollar The Fed Did Indeed Cause the Housing Bubble China Voices Support For New Global Currency To Replace Dollar

US unveils public-private plan for toxic assets

Donating for dollars? Many bailed-out banks still contributing to campaign funds The federal bank bailouts may be giving new meaning to the term “kickback.” JPMorgan Chase To Spend Millions on New Jets and Luxury Airport Hangar YouTube Caught Censoring Obama Deception Video The Fed Did Indeed Cause the Housing Bubble

What the Pros Say: US Is Now ‘Bankrupt’ US Federal Reserve announces massive increase in government debt U.S. Budget Office offers darker economic and deficit outlook [$$] Market Overbought and Overbelieved Auditors project deeper deficits for Obama budget Rothschild: Economic crisis will leave governments with “enormous public debt” The Fed Did It, and Greenspan Should Admit It

Launching Lifeboats Before the Ship Sinks Paul Craig Roberts | If the US government is forced to print money to cover the high costs of its wars and bailouts, things could fall apart very quickly.

US Federal Reserve announces massive increase in government debt Barry Grey | The essence of all of the measures taken in response to the crisis is an effort to rescue the system and protect the wealth and power of the financial elite at the expense of the broad masses of the population.

Tax Time Covert Ops Catherine Austin Fitts | Hate. Divide and conquer. It’s a business. The media is pushing it. The people directing it are the same people who brought you the AIG bonuses.

PREVIOUS (3-23-09): So preposterous was today’s Pavlov dogs rally [conditioning to associate what’s good for fraudulent wall street, viz., privatizing profits – still not one prosecution for what now is the largest fraud/scam/swindle in the history of this planet – and socializing the losses, is somehow positive for america/the economy by the magnitude of this suckers’ bear market rally and prior market manipulations] when the same created the instant crisis in the first instance (don’t worry about the frauds on wall street, they’ll get their commissions again on the way down as they did in creating this financial debacle/fraud as they clamor for more taxpayer/treasury money). They’re still printing/creating those worthless Weimar dollars like mad, China Urges New Money Reserve to Replace Dollar ,don’t know what they’re doing, are clueless, and disingenuously seek to divert attention from the missing/stolen/bilked $14 trillion of taxpayer money with the subterfuge of outrage over the relatively miniscule though not unimportant million dollar bonuses (AIG, etc.), so-called fixes/plans, etc., so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! What the Pros Say: US Is Now ‘Bankrupt’ US is Already Bankrupt: Analyst U.S. Budget Office offers darker economic and deficit outlook The Geithner-Summers-Bernanke Plan to Prop Up Asset Prices Has Failed U.N. panel says world should ditch dollar

We’re skeptical largely because the rally this month has drawn power primarily from a new round of hope that Washington’s various experiments to right the economy will finally hit pay dirt. Perhaps, but it’s not the stuff that powers sustainable rallies, much less secular bull markets.

I’M A SELLER OF THIS RALLY AT THIS POINT…..

PREVIOUS (3-20-09), Modest losses relative to reality and their printing those worthless Weimar dollars like mad, don’t know what they’re doing, are clueless, and disingenuously seek to divert attention from the missing/stolen/bilked $14 trillion of taxpayer money with the subterfuge of outrage over the relatively miniscule though not unimportant million dollar bonuses (AIG, etc.) so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! What the Pros Say: US Is Now ‘Bankrupt’ US is Already Bankrupt: Analyst U.S. Budget Office offers darker economic and deficit outlook The Geithner-Summers-Bernanke Plan to Prop Up Asset Prices Has Failed U.N. panel says world should ditch dollar

PREVIOUS (3-19-09), ‘…Economic news remains uninspiring. Weekly initial claims dipped 12,000 to 646,000, which was better than the consensus estimate of 655,000. Continuing claims hit another record high, though, jumping to 5.47 million from 5.29 million. Leading indicators for February showed a 0.4% decline, which wasn't as bad as the 0.6% decline that was expected… Energy stocks (+1.4%) and materials stocks (+1.4%) were helped by stronger commodity prices. The CRB Commodity Index climbed more than 5% in this year's largest single-session advance by percent. Crude oil futures prices gained 6.5% to close pit trading at $51.25 per barrel, while gold prices advanced 7.8% to close at $958.50 per ounce. Underpinning the strength in commodity prices was a considerably weaker U.S. dollar. According to the Dollar Index, the greenback sank 1.7% this session, and more than 4% during the last two sessions. The dollar's weakness follows the Fed's latest policy directive…’

US is Already Bankrupt: Analyst The Geithner-Summers-Bernanke Plan to Prop Up Asset Prices Has Failed U.N. panel says world should ditch dollar Corporate Media Disses Gold Citigroup May Spend $10 Million for Executive Suite It’s Not Just AIG: Fannie Plans Exec Bonuses Gold Re-Couples with Euro, “Dollar Getting Destroyed” House passes tax to recoup most of AIG bonuses ($200 million); what about the $14 trillion in fraudulent bailouts and the missing $4 trillion at the New York fed… s Bank of America involved in Merrill Q4 writedowns: report Put/Call Ratio Indicates Overbought Market Condition SUPER PUMP: $1 TRILLION CREATED OUT OF THIN AIR... Oil Nears $52; Hits high for 2009...

PREVIOUS (3-18-09), absolute desperation by the fed as fed in panic mode buys bonds with even more fake money (ultimately you pay). Shot in the dark, they unequivocally do not know what they’re doing; don’t have even the slightest clue. Some well deserved guilt as greenspan, bernanke, paulson, geithner, etc., are authors of this debacle with compliant politics as usual facilitating same (wall street/hedge fund gamblers shouldn’t be bailed out, etc.), but the divergence of so-called opinion from stagflation to applauding same in light of fraudulent stock market up-tick (isn’t that how we got here, to this financial/economic disaster).

Depression Unrest Turmoil Instability Riots all coming and SOON As depression deepens, more americans go fishing (Reuters) It’s Not Just AIG: Fannie Plans Exec Bonuses Stimulus plan: Spend now, details later (promise) Dollar Plunges After Fed Announcement Senate quietly stripped measure restricting bonuses from bailout legislation Hedge funds could reap billions from AIG which should not reward soured bets/gambles with taxpayer funds as now slated. Citi, Morgan Stanley Looking to Issue More Diluting Shares for Bonus Payments (at Seeking Alpha) Editorials: Rewards instead of punishments

PREVIOUS (3-17-09), all private forecasts of the very forecastable housing starts defied the false report of the corrupt, scandal-scarred commerce department (remember the fake reports that spurred recent ralleys which ultimately burned the buyers) spurred suckers’ bear market ralley so great opportunity to SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!

Dent, Napier, and Prechter - Wise to Heed Their Predictions Is Mistrust in Wall Street Pointing to New Lows? RECORD: NATIONAL DEBT HITS $11 TRILLION... The Size of Derivatives Bubble = $190K Per Person on Planet Washington knew AIG was preparing to pay bonuses (AP) U.S. to claw back AIG bonuses, lawmakers eye tax House committee scrutinizes Merrill bonuses Bad year or good, fraud or just preparing for fraud with wall street, AIG employees got big bonuses (AP) Paulson Was Behind Bailout Martial Law Threat Fed Hides Destination Of $2 Trillion In Bailout Money World Bank cuts China GDP estimate again, to 6.5% Obama Confronts “Populist Anger” Over Bankster Giveaways IMF poised to print billions of dollars Jim Rogers Expects Civil Unrest in the US and all around the World

PREVIOUS 3-16-09, Very modest losses relative to reality so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! ‘…February industrial production declined 1.4%, which is essentially in-line with the consensus 1.3% decline. Capacity utilization dipped to 70.9% from 71.9%, as generally expected. The February report continues to reflect a weak demand environment that will ultimately drag on GDP...’’… The nation's industrial output fell for the fourth straight month in February, with factories operating at their lowest level in six decades of record keeping. Analysts forecast more production cuts to come as companies are battered by recessions at home and abroad. The Federal Reserve reported Monday that industrial output dropped by 1.4 percent last month, slightly larger than the 1.2 percent decline economists had expected. The weakness included a 0.7 percent fall in manufacturing output, which pushed the operating rate at the nation's factories down to 67.4 percent of capacity last month, the lowest level on records that go back to 1948…’

Treasury to rework AIG aid to recoup bonuses AIG massive payments to banks stoke bailout rage Hearst prints final Seattle PI Hearst hopes Web-only Seattle P-I will turn profit AIG Bonuses Add to Reality of Public Revolt against Wall Street, Federal Reserve Bracing for a Bailout Backlash Dollar Crisis In The Making Think recession’s bad? Try a cataclysm! Insurance giant AIG to pay $165 million in bonuses (AP) AP - American International Group is giving its executives tens of millions of dollars in new bonuses even though it received a taxpayer bailout of more than $170 billion dollars. AIG plans to disclose CDS counterparties: source Chrysler faces July cash crunch even with more aid Accounting Rule Changes Creating False Rally in Financials (at Seeking Alpha) Cash-hungry U.S. states turn to Web to auction goods Bernanke: recession could end in '09 and if his grandmother had wheels she could be a trolley car and as he previously said we could avoid recession though we were already in one which is now a depression with worse yet to come and most assuredly will not end in 2009 except in the b.s. talking points in their dreams (AP) Millions in AIG bonuses draw chorus of outrage (AP) AIG payments to banks stoke bailout rage White House says economy is sound despite 'mess’ or stated another way, a sound mess…..riiiiight!'

AIG Bonuses Add to Reality of Public Revolt against Wall Street, Federal Reserve Mike Adams | People will be marching in the streets, demanding the arrest of all the rich executives and corrupt bureaucrats who took part in this massive financial theft.

PREVIOUS 3-13-09, Suckers’ bear market rally ( Citigroup Inspired Bear Market Suckers’ Rally ) to keep the suckers suckered and commission dollars flowing to the frauds on wall street Regulator: Before Banks Collapsed, They Pleaded With Feds To Let Them Fudge Their Books Ryan Grim | Before financial institutions collapsed, they went to the Financial Accounting Standards Board, pleading for a change in mark-to-market accounting rules so that they can continue to appear to be solvent on their balance sheets and hence, continue to defraud the public as they are now once again trying to do. Unemployment in 7 States Has Exceeded 20% in February China Debates If It Should Continue to Foolish Buy Evermore Worthless U.S. Treasuries America faces new Depression misery as financial crisis worsens Tent Cities, Unemployment, Homelessness Growing Dmitry Orlov: “America will collapse” Warren Buffett's BERKSHIRE HATHAWAY stripped of its 'AAA' credit rating... THE INFLUENCE/BRIBE/PROTECTION RACKET: New record for number of PACs

PREVIOUS (3-12-09), the waning full moon still compounding the frivolity of the criminally insane; particularly the lunatic frauds on wall street, and truth be told, the lunatics who follow in lock-step behind them. Suckers’ bear market rally ( Citigroup Inspired Bear Market Suckers’ Rally ) to keep the suckers suckered and commission dollars flowing to the frauds on wall street so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! There are no bulls or bears on fraudulent wall street, just ostriches. One senile land of fruits and nuts analyst/ broker / master planner of the lost angeles failed paradigm quips with glee: it’s impressive to see the market ignore so much bad news and rally…riiiiight! Ron Paul, A Rare Voice of Reason on Capital Hill: Culprits Of Financial Collapse Should Be Arrested, Prosecuted, and Disgorgement Of Fraudulent Gains Would Inure to the Benefit of the Technically/Defacto Insolvent/Bankrupt u.s. Treasury in the Multi-Trillions as Recovered (Their greed and fraud has further bankrupted this country and damaged other nations and recoupment of their fraudulent gains must be required as the law already provides since taxpayers are bearing the brunt of government inaction. What they did is not ok. They must pay. This is not difficult to grasp and must be done or there is no hope prospectively for america since all will know of this government fostered/complicit fraud). ‘…Better-than-expected (but typically fake as per scandal scarred commerce department) retail sales data suggested consumers haven't completely rolled over. February retail sales declined just 0.1%, which is better than the 0.5% decline that was expected. Excluding autos, retail sales increased 0.7%. A decline of 0.1% was expected. Meanwhile, January total sales and sales less autos were revised to show an even larger increase. The upbeat retail sales data comes in the face of ongoing consumer headwinds, such as mounting job losses. Weekly initial claims climbed 9,000 to 654,000, which was worse than expected. Continuing claims jumped nearly 200,000 to 5.32 million, which was also worse than expected (new record). In other economic news, February business inventories declined 1.1%, which is essentially in-line with the consensus estimate...’
’…This week's rally got an extra dose of adrenaline after an accounting board told Congress Thursday it may recommend (more fraud as we’re currently experiencing by way of ) a let-up in financial reporting rules for troubled banks in three weeks… Fed reports record fall in household net worth WASHINGTON (AP) -- The net worth of American households fell by the largest amount in more than a half-century of record keeping during the fourth quarter of last year…The Federal Reserve said Thursday that household net worth dropped by a record 9 percent from the level in the third quarter. The decline was the sixth straight quarterly drop in net worth and underscored the battering that U.S. families are undergoing in the midst of a steep recession with unemployment surging and the value of their homes and investments plunging. Net worth represents total assets such as homes and checking accounts minus liabilities like mortgages and credit card debt. Jobless claims rise as retail sales slip WASHINGTON (AP) -- With layoffs spreading, the number of initial claims for jobless benefits rose last week, while the total number of people continuing to receive benefits set a record high, the government said Thursday. The Labor Department reported that first-time requests for unemployment insurance rose to 654,000 from the previous week's upwardly revised figure of 645,000, above analysts' expectations. The number of people receiving benefits for more than a week increased by 193,000 to 5.3 million, the most on records dating back to 1967. That's the sixth time in the past seven weeks that the jobless claims rolls have set a record high…’

Ron Paul, A Rare Voice of Reason on Capital Hill: Culprits Of Financial Collapse Should Be Arrested, Prosecuted, and Forced Disgorgement Of Fraudulent Gains Would Inure to the Benefit of the Technically/Defacto Insolvent/Bankrupt u.s. Treasury in the Multi-Trillions as Recovered - Compared to them, madoff was a mere piker Citigroup Inspired Bear Market Suckers’ Rally Unemployment in 7 States May Have Exceeded 20% in February 45 percent of world’s wealth destroyed: Blackstone CEO Madoff jailed after pleading guilty to $50-65 billion fraud and telling court: ‘I am deeply sorry and ashamed of my crimes’ Newmont CEO sees gold in range of $1,200 House prices to drop another 55% and leave Britain bankrupt Madoff sent to jail as furious victims applaud (AP) Madoff pleads guilty, is jailed for $65 billion fraud Don't Sweat Hypernflation Just Yet: Deflation/Depression "In the Cards" for 2009 and Beyond, Shilling Says More on Roubini and Shiller's Dour Outlook Pelosi dodges chance to end automatic pay raises Ron Paul: Culprits Of Financial Collapse Should Be Arrested SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!

PREVIOUS (3-11-09), Analyst chatter: Not through the worst of it, the worst (of depression) still ahead, investing in this market is like trying to catch a falling knife. Foreclosures up and spreading as unemployment also rises and will continue to rise. Freddy lost another $50 billion and wants another $31 billion, while Fanny lost another $60 billion and wants another $15 billion. Hillary Kramer says trading only, in-and-out, so if you can’t, don’t jump into market to try and catch the falling knife. Dividend cuts for 2009 have already surpassed that for all of 2008 at $46.8 billion.

53% of Americans (and Senator Specter) Think the U.S. Depression is Like the 1930’s This is a Depression! For Markets, What they call it does Not Matter Billionaire Stanford to take the 5th in fraud case (AP) Madoff mysteries remain as he nears guilty plea Merrill misled Congress on bonuses o Freddie Mac seeks $30.8B in US aid after 4Q loss Earnings Growth Estimates: The Bad, the Bad and the Ugly Japan's economy shrinks an annualized 12.1% in the fourth quarter Dell Cuts Staff Worldwide Last year REITs lost 38% - that's a bit worse than the S&P 500 Credit card delinquencies hit index record Thousands Line Up at Indiana Mall for Food Handouts The Fed Has Destroyed Your Retirement SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!

PREVIOUS (3-10-09), yes, indeed, a rally with power of a speeding locomotive based on….. b.s. talk point with early release of CITI showing a profit [not counting more writedowns, bad/worthless assets(loans)/securities, expenses, etc.] of $8 billion with receipt of $45 billion (plus loans/guarantees/investments in excess of $100 billion) taxpayer bailout … WOW!…at this rate the treasury will deplete even faster than originally projected. But the math is so simple that elementary school kids with a handle on third grade arithmetic can accomplish the same and hence, can and should replace top management at a much lower price and without delay. ‘…bernanke says regulatory overhaul needed…WASHINGTON (AP) -- The nation's financial rule book must be rewritten to prevent a repeat of the global economic crisis now gripping the United States and other countries, Federal Reserve Chairman Ben Bernanke said Tuesday…Bernanke offered new details on how to bolster mutual funds and a program that insures bank deposits. He also stressed the need for regulators to make sure financial companies have a sufficient capital cushion against potential losses…The Fed chief's remarks come as the Obama administration and Congress are crafting their overhaul strategies. For the administration, critical work will be carried out among global finance officials this weekend in London ahead of next month's meeting of leaders from the world's 20 major economic powers…Madoff's lawyer says client will plead guilty …NEW YORK (AP) -- In a courtroom surprise, it was revealed Tuesday that Bernard Madoff will plead guilty Thursday to securities fraud, perjury and other crimes, knowing that he could face up to 150 years in prison for one of the largest frauds in history…’ ‘…All three major indices registered fresh multiyear closing lows in the prior session, but came rallying back this session to log their best single-session performance by percent in months. The rebound came after Citigroup issued an encouraging update and reports indicated the uptick rule may be reinstated… Rep. Frank stated mark-to-market accounting rules must be improved, but Senator Shelby says any mark-to-market accounting changes should be made by the SEC. The SEC stated it will not seek to suspend such rules (since such would make valuations a fraud)... The stock market's advance was further helped by short-covering. Still, trading volume on the NYSE climbed above 2 billion shares…’

Cost to buy protection against U.S. government default surges Good News! Economist Sees GDP Down 7% in Q1 and 9.25% Unemployment in 2010 Madoff faces life in prison on 11 criminal charges Citi's fake profit view, uptick talk drive big rally Roubini: Depression Could Last beyond 36 Months; Dow at 5000... United Tech to cut 11,600 jobs Why Commodities Prices May Rise, Even In Deflation IMF warns of Great Depression, All Nations at risk Oil at $50 Looms as OPEC Plans Cut, Keeps to Quota 53% Say It’s Likely the U.S. Will Enter a Depression Similar to 1930’s even though we’re already in one worse than the 1930’s Washington plans for big bank failure SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!

PREVIOUS (3-9-09), …‘Despite a rebound by financial stocks and a batch of merger news, the stock market was unable to put together a sustainable advance. Stocks finished with a broad-based loss, a bit above session lows. Uncertainty in foreign indices fueled early losses in the headline indices. Financials were the focal point of the weakness, falling to a loss of 2.2%. The drop was short-lived, though. Financials rallied to a gain of 5.3%, but finished with a gain of 2.5%’… …’ Wall Street fell more than 1 percent Monday as uneasiness about the economy eclipsed a bounce in troubled financial stocks and news of a big drug company merger. Stocks rose in the early going but turned lower in a now familiar pattern where short-lived bursts of optimism give way to concerns about the country's economic woes’ (in the real world they call that mental illness, lunacy –note the full moon, manic depression/bipolar disorder, etc., or just plain fraudulent wall street )’
World Bank offers dire forecast for world economy Depression Dynamic Ensues as Markets Revisit 1930s Global Financial Assets Lost $50 Trillion Last Year SEC says money manager invented big accounts Who got AIG's bailout billions? ‘The collapse of America is unavoidable’ Regulators seize seventh bank in Georgia... Kerry: 'Animal House' Party Days Are Over for u.s. government... Bank stocks rally despite their insolvency (AP) Too big to fail? 5 biggest banks are 'dead men walking' (McClatchy Newspapers) [video] Next Dead Dividend (at TheStreet.com) Oil at $50 Looms as OPEC Plans Cut, Keeps to Quota Too Big Has Failed: KC Fed Prez Says We Need Temporary Nationalization (at Seeking Alpha) World Bank says global economy will shrink in 2009 (AP) Recession on track to be longest in postwar period (AP) Cash In A Mattress? No, Gold In The Closet Paulson Was Behind Bailout Martial Law Threat Fed Hides Destination Of $2 Trillion In Bailout Money

PREVIOUS (3-6-09), fudged in a manner most favorable to the frauds (we past these unemployment percentages quite some time ago and they were much worse then and still worse now, etc.), the news remains bleak and reality says even bleaker. Any economist who in discussing this depression mindlessly compares this Greatest Depression to any other contraction without pointing out crucial negative distinguishing characteristics; viz., insurmountable debt, increasingly worthless (Weimar) currency, irrevocable and unrelenting trade/budget deficits, global antipathy (stemming from illegal wars, war crimes, massive securities fraud, etc.), lack of significant manufacturing base, pervasive corruption/theft /plundering/incompetence, etc., cannot be considered a serious economist (just a joker who probably missed the call on recession/depression, etc.). …’Huge layoffs push joblessness toward double digits WASHINGTON (AP) -- Tolling grimly higher, the recession snatched more than 650,000 Americans' jobs for a record third straight month in February as unemployment climbed to a quarter-century peak of 8.1 percent and surged toward even more wrenching double digits.The human carnage from the recession, well into its second year, now stands at 4.4 million lost jobs. Some 12.5 million people are searching for work -- more than the population of the entire state of Pennsylvania. No one seems immune: The jobless rate for college graduates has hit its highest point on record, just like the rate for people lacking high school diplomas… GM shares reach 75-year low amid bankruptcy talk…’ The broader market turned in a modest gain, thanks to a late rally effort that overcame steep losses. Initial gains were broad-based as participants began buying in the wake of the February jobs report, which indicated nonfarm payrolls fell 651,000, in-line with expectations, and unemployment climbed more than expected to a 25-year high of 8.1%. Stocks were up as much as 2.4% in what resembled past trends that saw stocks sell off leading up to the monthly jobs report, but then rally in its wake as traders "bought the bad news."

Madoff expected to plead guilty to fraud charges How to Spot a Ponzi Con Artist? Follow the Yachts (Time.com) U.S. jobless rate hits 25-year high Goldman, others get AIG payouts: report US Bancorp CEO got pay package valued at $6.8M (AP) Huge layoffs push joblessness toward double digits AP source: Madoff guilty plea expected next week Stocks facing uphill battle; budget, retail sales loom $11 Trillion Wipeout: Wall Street's Year-and-a-Half of Dangerous Living Economy in 'Free-Fall': Unemployment Rate Surges to 8.1%, Highest in 25 Years GM shares reach 75-year low amid bankruptcy talk (AP) Fox Admits To Planting Political Brainwashing In Popular TV Shows Pelosi Backs Senate Facist Amendment to Censor Talk Radio Senate to Give FDIC up to $500 Billion Senator Bernie Sanders Slams Fed Boss Ben Bernanke Bailout Money - Instead of Being Used to Stabilize the Economy or Even the Bailed-Out Companies - is Just Going to Line the Pockets of the Wealthy Taxpayers Furious With Budget Cuts Take Frustration To Streets Of NYC AIG “Was Going to Bring Down Europe”: Lawmaker

PREVIOUS (3-5-09), Analyst/Economist Chatter: funny money (they’re printing worthless Weimar dollars like mad) and now they’re thinking funny assets (suspending reality based mark-to-market in favor of the failed fraudulent whatever they want so they can foist/spin/defraud which got us to this debacle); more bank takeovers; GM burning cash, bankruptcy probable; Merrill bonuses for jobs poorly done (my direct experience with Merril Lynch brokers was their total incompetence); higher taxes, higher inflation, $3 trillion new u.s. debt, dollar devaluation; more bank takeovers and far worse unemployment. “Few economists expect a turnaround in the battered labor market anytime soon with companies laying off thousands of workers weekly…Still, initial requests for unemployment benefits fell to 639,000 from the previous week's figure of 670,000, the Labor Department (fake number) said Thursday. Analysts expected a smaller drop to 650,000…Retailers report sales declines in February…GM concedes in the report filed Thursday that it's on the edge of bankruptcy and won't be able to avoid it unless it gets more government money and successfully executes a huge restructuring plan…Mortgage woes break records again in 4Q. NEW YORK (AP) -- A stunning 48 percent of the nation's homeowners who have a subprime, adjustable-rate mortgage are behind on their payments or in foreclosure, and the rate for homeowners with all mortgage types hit a new record, new data Thursday showed…” “The stock market logged new multiyear lows during the session, and closed at its worst level since the fourth quarter of 1996. Roughly 95% of the companies in the S&P 500 finished with a loss...Though losses were broad-based, financials were dealt the worst blow. The sector fell 9.9% with particular weakness among diversified banks (-16.5%) and other diversified financial services companies (-13.2%). Moody's announced it is reviewing the credit ratings of Bank of America (BAC 3.17, -0.42) and Wells Fargo (WFC 8.12, -1.54) for possible downgrade. Moody's lowered its outlook for JPMorgan Chase (JPM 16.60, -2.70) to negative from stable. Sellers pushed both WFC and JPM shares to new multiyear lows…Fourth quarter nonfarm productivity declined 0.4%, though it was expected to increase 1.2% after the prior reading showed a 3.2% increase. The lower reading was a result of lower economic output in the fourth quarter. Meanwhile, fourth quarter unit labor costs increased 5.7%. Economists expected a 3.8% increase. Factory orders for January fell 1.9% (fake number), which is a less severe drop than the 3.5% decline that was widely expected. The drop in factory orders reflects the retrenchment by businesses in the wake of softer spending…” Now As The Much Greater Depression Progresses Dow and S&P hit 12-year lows Bernanke Arrogantly Refuses To Disclose Which Banks Took Money Treasury secretary's choice for deputy withdraws (only little people pay taxes so take this job and shove it says tiny tim deputy designate) (AP) 22 Georgia legislators fail to pay income taxes... GM auditors raise doubt on viability One in 8 U.S. homeowners late paying or in foreclosure Citigroup stock falls below $1 a share (AP) $$] SVG Swings to a Loss on Markdowns Hits (at The Wall Street Journal Online) Why the Fed's TALF Is Bad for America Mortgage woes break records again in 4Q (AP) Stocks Fall Below 7,000 Again Fed Refuses to Release Bank Data, Insists on Secrecy

PREVIOUS (3-4-09), all news decisively worse than expected, fed beige book outlook grim, economist outlook for recovery bleak. Celente: U.S. Has Entered “The Greatest Depression” The spin: china bailout (the frauds on wall street spinning/foolishly banking on china buying more worthless u.s. paper – their domestic needs are substantial and they’re increasing military spending by 15% as well) and high oil price suckers’ bear market/short-covering rally to again keep suckers sucked in for their commissions sake. The great red hope! How preposterous! Who would have thunk it! ‘…strong gains overseas provided an excuse for buyers to enter the fold and short-sellers to cover their positions. Foreign indices upended their own losing streak after China announced it will add approximately $586 billion to the fiscal spending plan it announced late last year… According to the Fed's Beige Book, the Fed does not expect a significant economic recovery until late 2009 or early 2010 at best (remember, they also said no recession and now we’re in a depression). Meanwhile, the ISM Services Index for February dipped to 41.6% from 42.9%, indicating continued contraction for the services sector. The consensus estimate was pegged at 41.0%. Investors and economists got a glimpse of what may be lurking in the government's February nonfarm payroll report, which is due at the end of the week. According to the latest ADP Employment Report, 697,000 jobs were lost in February. The consensus estimate called for 630,000 job losses…’ ‘…fed survey: economy deteriorated in Jan., Feb. . After a dismal start to 2009, business people see more pain ahead, expecting no improvement in economic conditions till late this year at the earliest. Their pessimism was evident in the Federal Reserve's latest snapshot of business activity nationwide. It showed sharp cutbacks affecting both blue-collar jobs that once churned out construction equipment and white-collar professionals like business consultants and accountants. From factories in Cleveland to high-tech firms in Texas and California, the Fed's beige book reported widespread production declines. Services sector shrank in Feb., 5th straight month…’ U.S. private sector cuts 697,000 jobs in February FDIC’s Bair Says Insurance Fund Could Be Insolvent This Year The Never-Ending Bailout They Done Us Wrong: Spending Our Way Into Greater Depression Credit concerns pound GE shares in volatile trade China hopes, oil's jump, both negatives, end Wall St 5-day rout Warren Buffett's 'Fundamental Weakness' ETFs Suffer Outflows In February Celente: U.S. Has Entered “The Greatest Depression” The D-word: The depression has become something worse (AP) Obama Must Fire Geithner and Summers Gold Industry Officials Warn Of Depression Jim Rogers: Bailouts are destroying the US Economy Paulson Was Behind Bailout Martial Law Threat Fed Hides Destination Of $2 Trillion In Bailout Money PREVIOUS (3-3-09), modest losses relative to reality as bad and worse than expected news just keeps on coming along with suckers bear market/short-covering rallies as here into the close to keep the suckers suckered. Defaults/delinquencies up, home/car sales down… Celente: U.S. Has Entered “The Greatest Depression” … Helicopter ben ‘bernanke indicated the near-term outlook for the economy remains weak. Economists at Goldman Sachs concur; they expect the U.S. economy will fall 7.0% in the first quarter, according to Dow Jones. Despite housing stimulus provisions, pending home sales in January declined 7.7%. The consensus estimate called for a 3.5% decline. The data reflect the effects of ongoing job losses, lost wealth, and weak consumer confidence. Similar forces continue weighing heavily on auto sales. Ford Motor (F 1.81, -0.07) reported February sales in North America fell roughly 48%, which is steeper than the 42% drop that was expected. General Motors (GM 1.99, -0.02) reported February sales sank nearly 53%, exceeding the 45% fall that was widely forecast. Separate reports indicated GM's chief operating officer said that without government funds the company's European unit would run out of cash in the second quarter. Chrysler down 44%’…
ART HOGAN SAY’S ”IT’S A TOUGH ONE”… THAT’S A TRUE STATEMENT!

Celente: U.S. Has Entered “The Greatest Depression” The D-word: The depression has become something worse (AP) Obama Must Fire Geithner and Summers Gold Industry Officials Warn Of Depression Jim Rogers: Bailouts are destroying the US Economy Gold has longest losing streak since October U.S. auto sales fall as depression deepens Blockbuster seeks debt overhaul, shares halted MGM Mirage casino co. says it may default on debt (AP) A Banana Republic By 2012? Change for the Worse Obama Calls Bush On Troop Withdrawal Plan Geithner Says U.S. Financial Rescue ‘Might Cost More’ (maybe he can locate the $4 trillion missing at the fed and use that) Pension (substantial funding shortfalls) bombs going off Pennsylvania Rep. Rohrer Introduces Tenth Amendment Resolution Previous (3-2-09), analyst chatter: one analyst said investors just can’t take (the wall street fraud/bull sh_) it anymore and sees 5,000 on the DOW (too optimistic); another says worst levels not yet seen, but markets functioning…riiiiight…, more bad economic news, dividend cuts; another says the so-called plan changinging everyday, not stimulus but at best stabilization (doomed to fail), unrealistic expectations (that’s realistic), talks funny assets/accounting (that’s what helped get us here-the fraud), a world of hurt, hope for short-covering rallies…sounds like a plan…riiiiight; another who called the crash says worst bear market in history, if priced in gold market has fallen 80% and more decline to come, says stimulus/stabilization good money after bad and recipients with worst management (fraud, etc.) should rather be allowed to fail, treasury bond/dollar bubble, u.s. stocks still overvalued so sell, precious (money) metals and overseas markets better; and finally, mainstream analyst says gold/bonds but no stocks. Dow industrials fall below 7,000; lowest since ‘97 Buffett says economy in shambles losses on derivatives contracts tied to the stock market. Banks and economy to keep bears' grip on stocks Berkshire reports a 96 percent drop in 4Q profit Chart of the Week: GDP Worse than Expected (at Seeking Alpha) Time to Bury the Markets NYSE Suspends $1 Stock Price Minimum Economics of this Depression [$$] BofA Executive Got Housing Perks (at The Wall Street Journal Online) Madoff seeks to keep NYC penthouse, $62M in assets – Typical kike/jews Dow finishes below 7,000 for first time since '97 (AP) The D-word: The depression has become something worse (AP) [$$] At Merrill, Thinning Herd of Carrion (at The Wall Street Journal Online) AIG Will Receive More Aid, Bigger Loss... NYSE Euronext chief gets 2008 pay valued at $9.2M (AP) Asian stock markets tumble on worsening US slump Sources: AIG to get up to $30B more in Fed aid Moody's lowers ratings on Citi's Japan operations (at MarketWatch) Oil falls below $44 on bleak US GDP, AIG news States' budget woes will outlast the depression israeli media denounced for insulting the Prophet Israeli minister calls for assassination of top arab leader justifying action to eliminate/exterminate nazionist israel/israelis for the sake of world peace and justice as… 8 more civilians die in US drone raid Buffett Says Economy Will Be 'Shambles' in 2009, Likely 'Well Beyond'... BERKSHIRE has worst year... Iran says USA planning 'long-term stay' in Iraq... Kudlow: Obama Declares War on Investors, Entrepreneurs, Businesses, And More... Bankers: Stop trashing us... Wall Street slides after CITI-government deal... Sets Single-Day Trading Volume... STRUGGLING STATES LOOK TO UNORTHODOX TAXES... Iran says USA planning 'long-term stay' in Iraq... Warren Buffett Speaks: His Worst Year Ever – If you listened to him recently (I warned you not to) you’re down another 20-30% since his government shill/propaganda talk (did he really give away his fortune – maybe he just decided to lose it and bring everyone with him – senile, I say yes) r A Banana Republic By 2012? Change for the Worse Previous (2-27-09), modest losses relative to reality including news much worse than expected: ‘The economy contracted at a staggering 6.2 percent pace at the end of 2008, the worst showing in a quarter-century, as consumers and businesses ratcheted back spending, plunging the country deeper into depression. The report released Friday showed the economy sinking much faster than the 3.8 percent annualized drop for the October-December quarter first estimated last month which rallied stocks significantly to keep suckers suckered and commission dollars flowing. It also was considerably weaker than the 5.4 percent annualized decline economists expected’. ‘Economic data remains gloomy. Fourth quarter GDP was revised lower to reflect an annual rate of -6.2% versus a previously estimated -3.8%. The decrease in fourth quarter activity primarily reflected negative contributions from exports, personal consumption expenditures, equipment and software, and residential fixed investment’. US economy suffers sharp nosedive Economy moving in reverse faster than predicted Moody’s predicts default rate will exceed peaks hit in Great Depression Shares tumble across globe as figures reveal U.S. economy shrank 6% in last quarter - the fastest rate in 25 years Regulators close banks in Illinois, Nevada FDIC Approves ‘Emergency’ Fee on Banks to Bolster Reserves Banks and economy to keep bears' grip on stocks FDIC raising fees on banks, adds emergency fee (AP) AIG talks weigh securitizing life policies…..riiiiight!…: source BofA carries loans $44 billion above market value Citi, U.S. Reach Accord on a Third Bailout (at The Wall Street Journal Online) Tax hikes are coming -- but you already knew that Investors await Buffett letter as Berkshire hits 5-1/2 year lows Five reasons buying a home in 2009 is a bad idea Three Top Economists Agree 2009 Worst Financial Crisis/Depression Since Great Depression; Risks Increase if Right Steps are Not Taken (Business Wire) WORST MONTH SINCE 1933 Paulson Was Behind Bailout Martial Law Threat Urban Warfare Drills Linked To Coming Economic Rage CIA Adds Economy To Threat Updates Fed Hides Destination Of $2 Trillion In Bailout Money We Watch Now As Funds Get Vaporized Bob Chapman | Business will go on as usual in Washington and on Wall Street — as corrupt as ever. Moody’s predicts default rate will exceed peaks hit in Great Depression A bigger proportion of non-investment grade companies will go bust in the US and overseas in the coming years than during the Great Depression, according to Moody’s, one of the world’s foremost experts on credit. US economy suffers sharp nosedive BBC | The US economy shrank by 6.2% in the last three months of 2008, official figures have shown, a far sharper fall than had previously been reported. FDIC Approves ‘Emergency’ Fee on Banks to Bolster Reserves Bloomberg | The Federal Deposit Insurance Corp. will charge U.S. banks a one-time assessment and increase other fees to replenish its insurance fund, adding $27 billion in costs to an industry already hobbled by the financial crisis. Citigroup Shares Down 36% | The Treasury, which has provided a total of $45 billion to Citigroup, left the door open for the bank to seek additional government funding. Previous (2-26-09), Banks lost $26.2 billion last quarter, GM lost $10 billion past month, FDIC problem bank list grows to 252, u.s. broke but $3.5 trillion spending plan and $1.75 trillion budget deficit, etc., ‘FDIC reported that at the end of the fourth quarter its list of troubled institutions grew to 252 from 171 at the end of the third quarter. The latest data indicated January durable goods orders fell a more-than-expected 5.2%. Excluding transportation, durable goods fell 2.5%, which was also steeper than expected. January new home sales fell more than expected to an annualized rate of 309,000 units, which is a record low. Jobless claims continue to rise beyond expectations. Initial claims climbed 36,000 to 667,000 from the prior week. Continuing claims came in just below 5.03 million, up from nearly 5.00 million in the prior reading’. Americans receiving unemployment top 5 million Fannie Mae seeks $15.2B in US aid after 4Q loss $1.75T Deficit, Higher Taxes, "Bogus" Stimulus Obama’s Stimulus Bill is a Banker Contrived Debt Scam Obama’s War Machine Needs $800 Billion For 2009 A $1.75 TRILLION DEFICIT... Small Businesses To Suffer From Obama’s Tax Hike Obama’s Budget: Almost $1 Trillion in New Taxes Over Next 10 yrs, Starting 2011 ETF Advisers: Sell Into Market's Rally Paulson Was Behind Bailout Martial Law Threat Urban Warfare Drills Linked To Coming Economic Rage CIA Adds Economy To Threat Updates Fed Hides Destination Of $2 Trillion In Bailout Money US banks post first quarterly loss since 1990... Record Government Note Auction; Unprecedented amount of debt... More Fraud on Wall Street New York Times | WG Trading Company and Westridge Capital misappropriated funds from state and city pension funds, including Carnegie Mellon University and the University of Pittsburgh. Previous (2-25-09), suckers’ bear market/short-covering rally based on bull s**t/jawboning alone and bad news much worse than expected into the close to finish well off more realistic lows, to keep the suckers suckered so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! Economic/trends/demographics forecaster/analyst Harry S. Dent says this Great Depression will bottom out (with no cognizable uptick till) early 2020’s, unemployment 14%-17%, 50%-60% decline in real estate values, dollar (and market) crash, etc. (close but no cigar), is realistic and starkly dismal in light of the convergance of major bubbles which are deflating. New b.s. talking point the convertible preferreds (all real analysts know to treat as converted said securities to account for dilution - and quite possibly nationalization), and then the so-called ‘stress-tests’ for banks…riiiiight!…read those flat lines. Money managers accused of $550 million fraud (Reuters) TARP Said to Be Ripe for Fraud Existing U.S. home sales, prices drop in January Gannett slashes dividend 90 pct, saving $325M ETF Advisers: Sell Into Market's Rally Paulson Was Behind Bailout Martial Law Threat Urban Warfare Drills Linked To Coming Economic Rage Fed Hides Destination Of $2 Trillion In Bailout Money U.S. Consumer Confidence Collapsed to Record Low The Market Is Not Your Friend Bernanke says depression to linger Housing Prices in 20 U.S. Cities Fall a Record 18.5% U.S. Economy: Consumer Confidence In Record Slump Ron Paul Grills Bernanke: “You Can’t Reinflate The Bubble” Stocks drop as Obama speech and housing data weigh Gold investors make 120pc return in four months Bailout Bank Blows Millions Partying in L.A. How Credit Default Swaps Brought Down the World Economy ‘Black Swan’ Author Sees Trouble Exceeding 1930s Majority Of U.S. States Join Sovereignty Movement, Assert 10th Amendment Rights New World Liberty | With the economy collapsing, it is a very real and immediate danger that the federal government can turn into a completely criminal and fascist government. Rahm Emanuel Doesn’t Pay Taxes, So Why Should You? Kurt Nimmo | Don’t expect Rahm Emanuel, Nancy Pelosi, Tim Geithner, Evan Bayh, and other minions of the elite to pay their “fair share.” After all, taxes are for the little people. Previous (2-24-09), suckers’ bear market/short-covering rally based on bull s**t/jawboning alone and bad news much worse than expected, to keep the suckers suckered so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! Helicopter ben, the guy who said no recession even as now we know we were already in one (actually depression) told by handlers to be upbeat (how ‘bout just beat, burnt out, etc.) delivers still dire but sugar-coated for spin/consumption testimony/b.s.. Severe contraction…as in depression; recession/depression could end by end of year/beginning of 2010 if…and if his grandmother had wheels, she’d be a trolley car. Ridiculous bull s**t that got everyone here in the first place. Analyst chatter: talk about franchise value of banks ruined if nationalized, confidence at all-time low, end of 2010 before any recovery (if at all), orderly process of deleveraging, on defense till trends more believable; another-not there yet as contrarian indicators say otherwise and bearish industry view (newsletters); another- news bad as expected but confidence reading far worse than expected, downward momentum accelerated with occasional relief rallies at best; Housing Prices in 20 U.S. Cities Fall a Record 18.5% U.S. Economy: Consumer Confidence In Record Slump U.S. consumer confidence collapsed this month and home values plunged in December, the latest evidence of a deepening economic slump that will last well into 2010 and beyond. Analysts: New Era Of Chaos Has Taken Hold A wave of economists, investors and other financial experts issued a series of dire warnings concerning the global financial crisis over the weekend, stating that a new era of chaos has taken hold all over the globe. Paulson Was Behind Bailout Martial Law Threat Urban Warfare Drills Linked To Coming Economic Rage Fed Hides Destination Of $2 Trillion In Bailout Money U.S. Consumer Confidence Collapsed to Record Low The Market Is Not Your Friend Bernanke says depression to linger Get Ready for Mass Retail Closings Microsoft says no new cost cuts, shares hit 11-year low Stanford a cog in the U.S. intelligence dirty money laundering machine How the Economy was Lost Unemployment (already past 9% in reality) Will Pass 9% This Year: NABE SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! Previous (2-23-09), even the frauds on wall street who should be prosecuted are not buying the rhetoric/b.s. which is very, very, etc., short on detail, ie., spending money the broke u.s. doesn’t have for bailouts, while cutting the deficit in half in 4 years, etc.,…..riiiiiight! What economists / analysts are saying: Zandi - rapidly eroding economy; analyst – ugly…lots of bull s**t, no specifics/details, not pretty picture, equity holders of financials wiped out prospectively; Financial Times Editor – markets at new lows, nationalize or not (defacto they’re already nationalized), AIG trading at 50 cents has received $80 billion in bailout funds and just records loss of $60 billion, dire; bank analyst – downward pressure on financials particularly as dilution taken into account, write-offs, more capital needed, securitization market down, down, down and more capital necessary for writedowns; analyst – vicious bear, no faith in government plan, dismal! . One analyst previously pointed out there has been not one prosecution thus far and the frauds on wall street should be prosecuted and forced disgorgement. Analyst Frank Cochrane looks ahead to 4,000 to 6,000 on the DOW, 700 to 900 on the NASDAQ, and 425 to 625 on the S&P, and says spending/stimulus programs will not work, a point on which he is correct and the low end of his ranges closer to reality. Not Just a Few Bad Apples - Corruption is Systemic in America In case you believe that there are only “a couple of bad apples” in the United States, here is an off-the-top-of-his-head (I could give many, many more including my RICO case) list of corruption by leading pillars of american society. Wall Street slides to 12-year low New U.S. stake in Citigroup will not calm realities/doubts AIG in talks with U.S. government, sees $60 billion loss: source Pinnacle West shares fall on earnings, outlook (AP) LaSalle Hotel shares fall on analyst outlook (AP) Harley-Davidson shares fall on sales worries / realities (AP) Major stock market indexes fall to 1997 levels and much further down to go given realities Micron Tech to cut up to 2,000 more jobs in Idaho Asian shares slump after Dow hits 1997 low (at MarketWatch) The S&P 500's Incredibly Shrinking Market Cap The more they do, the worse it gets Paulson Was Behind Bailout Martial Law Threat Fed Hides Destination Of $2 Trillion In Bailout Money The Great “Global Crisis of Maturity” and the New World Order World Financial System In A State Of Insolvency Urban Warfare Drills Linked To Coming Economic Rage Britain faces summer of rage Get Ready for Mass Retail Closings Yahoo Finance | About 220,000 stores will close this year in America. Editorials: Rewriting rules of global finance GLOBAL MARKETS-US stocks slide as bear grips harder, oil falls BACK TO 1997... State sends $1 food stamp checks to 250,000... Obama pledges to slash deficit - after increase... Rosy assumptions... Philadelphia newspapers' owner files for bankruptcy... AIG Seeks More US Funds As Record Loss Looms... Advisers readying bankruptcy financing for automakers... BANK MESS: HSBC CONSIDERS $20B CASH CALL FROM INVESTORS... Sentiment Overview: Pessimists Increase by 18% Stocks: Horrible Start to 2008, Worse in 2009 Ex-Senate aide charged in Abramoff scandal THE FAILED INFLUENCE GAME: Stimulus still aiding K Street Swiss party wants to punish USA for UBS bank probe... Developing... Japan stocks fall after lender seeks bankruptcy (AP) Gov't reportedly mulls dilution, more obfuscation, and more money down the rabbit hole by taking larger stake in Citi (AP) RBS prepares to unveil global downsizing plan Richard Russell: Bear Market Remains in Force Summary of Global Investment Returns Yearbook 2009 The New Depression - The Lessons of the 1930s Markets May be Said to be Oversold (Again), But Decisive Rally Won’t Be Forthcoming as Much Worse and Much More Selling to Come Philly newspaper owner files for Chapter 11 (AP)

Previous (2-20-09), stocks tumbled around the world, sending the Standard & Poor’s 500 Index to its biggest weekly drop since November, on concern the deepening recession will force banks to seek more government aid. Europe’s Dow Jones Stoxx 600 Index slid to a six-year low, and Japan’s Topix Index declined to the worst level since 1984. Analysts saying impossible to predict bottom in this dismal scenario, nationalization concerns, not bottomed yet, new bear market lows. Art Hogan says greater than 50% is defacto nationalization anyway and nothing left for shareholders, pricing mechanism for toxic assets problematic along with negative capitalization ratios, new lows in offing, gold for capital preservation along with treasuries and money markets. Nader says depression. There’s no end/bottom in sight. One says 2011-2014 earliest for bottoming at best and that nationalization means politization. One analyst previously pointed out there has been not one prosecution thus far and the frauds on wall street should be prosecuted and forced disgorgement. Analyst Frank Cochrane looks ahead to 4,000 to 6,000 on the DOW, 700 to 900 on the NASDAQ, and 425 to 625 on the S&P, and says spending/stimulus programs will not work, a point on which he is correct and the low end of his ranges closer to reality. Not Just a Few Bad Apples - Corruption is Systemic in America In case you believe that there are only “a couple of bad apples” in the United States, here is an off-the-top-of-his-head (I could give many, many more including my RICO case) list of corruption by leading pillars of american society. SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! Major indexes fall more than 6 percent for week The Great Depression has Arrived- Collapsing American Dreams Defacto if not dejure nationalization realities hit Citi, BofA Soros sees no bottom for world financial "collapse" Trustee: Some Madoff stock trades were fiction Morgan Stanley offers $3 billion broker bonuses, Wells none (Reuters) Gold Hits $1,000 Ron Paul: Stimulus “Waste of Money” The Inconveninent Debt Gold Tops $1,000, First Time Since March as Depression Deepens Stocks Drop Around the World; Stoxx 600 Falls to 6-Year Low Fed Hides Destination Of $2 Trillion In Bailout Money “…The United States was in much better shape, economically, going into the Great Depression than it is now. Prosperity is not coming back to the U.S. as we know it. We are in a lot of trouble…”More Economists Say Crisis Is Worse Than Great Depression Previous (2-18-09), all news much worse than expected as new home starts plunge 17% (-56% year over year), fed/bernanke downgrades economic forecast (rallied stocks when he made same which was bull s**t then as pointed out here) predicting reality of contraction which he says will be protracted, prolonged and increased unemployment (9%) though reality is much worse than they’re once again (falsely) predicting (we’re already significantly past 9% unemployment) and as one economist points out, in an economic freefall. bernanke’s outlook realistically dismal which sentiment is shared by analysts/economists who envision no bottoming until well into 2010 at best because…..this is a DEPRESSION! Previous (2-19-09), ‘Initial jobless claims totaled 627,000, topping the 620,000 claims that were expected. Initial claims were unchanged week-over-week, while the four-week moving average moved up to 619,000 from 608,500. Continuing claims reached record highs of 4.99 million. Economists forecast 4.81 million continuing claims. The four-week moving average for continuing claims stands at 4.84 million, up from 4.75 million. Jobless claims were a drag on the January index of leading economic indicators, which increased 0.4%, exceeding the consensus forecast of a 0.1% increase. An increase in the money supply proved to be the main driver lifting the index, but the increased money supply contributes to inflationary concerns. Producer prices, which measure inflation, increased more than expected in January. The January PPI and core PPI were up 0.8% and 0.4%, respectively.’ Philly fed manufacturing index at 18 year low. The easiest to forecast leading economic indicator was fudged to the upside, though still marginal, with said fake number substantially exceeding all private forecasts (stock prices, auto, housing, employment, etc., all down sharply in subject month…..hence, I don’t think so and fake report). Analysts saying stimulus plan not stimulative, specter of bank nationalization (banks insolvent), loss of pricing power across most all industries, and then the plethora of very bad economic/financial data with breakthrough technical bottoms, looking for violent sell-off/capitulation to provide minimal/short-lived bear market rallies, with some ephemeral opportunities among defensive stock plays, ie., whole foods (pricing power), auto parts (refurbishing old cars). One analyst previously pointed out there has been not one prosecution thus far and the frauds on wall street should be prosecuted and forced disgorgement. Analyst Frank Cochrane looks ahead to 4,000 to 6,000 on the DOW, 700 to 900 on the NASDAQ, and 425 to 625 on the S&P, and says spending/stimulus programs will not work, a point on which he is correct and the low end of his ranges closer to reality. Not Just a Few Bad Apples - Corruption is Systemic in America In case you believe that there are only “a couple of bad apples” in the United States, here is an off-the-top-of-his-head (I could give many, many more including my RICO case) list of corruption by leading pillars of american society. SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! Jobless Claims Hit Record High; Inflation Jumps Dow falls to 6-year low as banks slide Wholesale inflation takes biggest jump in 6 months Dow Closes at New Bear-Market Low Dow Theorists spot a bear Rising debt will overwhelm Obama’s effort to rescue the economy Bank debt trades at distressed levels (at FT.com) 5 million Americans drawing jobless benefits AP IMPACT: Jobless hit with bank fees on benefits (AP) FBI tracks down Texas financier in fraud case (AP) FBI finds Allen Stanford in Virginia Stanford curried influence in DC: watchdog group PC makers' shares fall on worsening demand BofA and Citi shares fall on defacto or dejure nationalization near GE shares dip to lowest since 1995 Feb. could be worst month yet for jobless claims Fitch downgrades Marriott on lodging softness (AP) Fed downgrades economic forecast for this year “…The United States was in much better shape, economically, going into the Great Depression than it is now. Prosperity is not coming back to the U.S. as we know it. We are in a lot of trouble…”More Economists Say Crisis Is Worse Than Great Depression Previous (2-18-09), all news much worse than expected as new home starts plunge 17% (-56% year over year), fed/bernanke downgrades economic forecast (rallied stocks when he made same which was bull s**t then as pointed out here) predicting reality of contraction which he says will be protracted, prolonged and increased unemployment (9%) though reality is much worse than they’re once again (falsely) predicting (we’re already significantly past 9% unemployment) and as one economist points out, in an economic freefall. bernanke’s outlook realistically dismal which sentiment is shared by analysts/economists who envision no bottoming until well into 2010 at best because…..this is a DEPRESSION!

Not Just a Few Bad Apples - Corruption is Systemic in America Fed downgrades economic forecast for this year Fed says US economy will get worse in 2009 Bernanke cuts growth view, considers inflation target Hundreds seek their money as Stanford fallout spreads HP cuts full year outlook (Reuters) UBS to pay $780M, open secret Swiss bank records Billionaire's bank customers denied their deposits HP profit slumps 13 pct on weak PC and ink sales [$$] Dow ends little-changed amid slew of grim news (at The Wall Street Journal Online) The Bull's Case for Buying Gold ...starts, permits plunge to new record lows SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!

Previous (2-17-09), modest losses relative to reality so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! Analysts say not very encouraging, market saying stimulus will not work, lots of toxic assets still out their, nothing safe in bear market, oil to $80, gold appropriate hedge against deflation and inflation and deserves spot in portfolios, no turnaround anytime soon, and tough-sledding ahead. “…The United States was in much better shape, economically, going into the Great Depression than it is now. Prosperity is not coming back to the U.S. as we know it. We are in a lot of trouble…”More Economists Say Crisis Is Worse Than Great Depression Joint Chiefs chairman calls fiscal calamity a bigger threat than any war GM seeks up to $30B in aid, to cut 47,000 jobs (AP) GM and Chrysler seek nearly $22 billion more in aid Stocks sink to November lows on depression fears U.S. charges Allen Stanford with "massive" fraud Reality about expensive, flawed, failed stimulus drag stocks down sharply (AP) It’s Getting Ugly: Economist Says Hoard Gold & Scotch Paul Joseph Watson | Williams predicts hyperinflationary depression will mean a $100 dollar bill is worth less than toilet paper. 65 Trillion - U.S. Financial Obligations Exceed The Entire World’s GDP A “Monetary Stalingrad” is on its way to Europe Kansas suspends income tax refunds, may miss payroll Europe’s economic slump deeper than expected Total desperation by frauds on wall street. One analyst previously pointed out there has been not one prosecution thus far and the frauds on wall street should be prosecuted. Analyst Frank Cochrane looks ahead to 4,000 to 6,000 on the DOW, 700 to 900 on the NASDAQ, and 425 to 625 on the S&P, and says spending/stimulus programs will not work, a point on which he is correct and the low end of his ranges closer to reality. Indeed, the lunatic wall street frauds’ desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.- Analyst Andre Egleshion puts the amount at $600+trillion) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc., so SELL /SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! GM seeks up to $30B in aid, to cut 47,000 jobs (AP) America's Insolvent Banks (at Seeking Alpha) Gold Jumps to 7-Month High as Investors Seek to Preserve Wealth Stocks sink to 3-month lows GM and Chrysler seek nearly $22 billion more in aid Stocks sink to November lows on depression fears U.S. charges Allen Stanford with "massive" fraud Reality about expensive, flawed, failed stimulus drag stocks down sharply (AP) It’s Getting Ugly: Economist Says Hoard Gold & Scotch Paul Joseph Watson | Williams predicts hyperinflationary depression will mean a $100 dollar bill is worth less than toilet paper. 65 Trillion - U.S. Financial Obligations Exceed The Entire World’s GDP A “Monetary Stalingrad” is on its way to Europe Kansas suspends income tax refunds, may miss payroll Europe’s economic slump deeper than expected WORLD TO STAY IN SLUMP Previous(2-13-09), modest losses relative to reality inasmuch as outlook remains bleak with data (though sugar-coated, inflated, false to provide more favorable b.s. talk points) dismal as consumer confidence down sharply ((56.2 vs. 61.2 previous, job losses continue as do earnings declines/losses, bankruptcies, defaults, etc., so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! Analysts negative regarding level of uncertainty, skepticism regarding more stimulus/bailout money down the rabbit hole, longer-term considerations of deflation/hyperinflation, and particularly the valuation of assets in any of the bailouts, etc.. Oil inventories high but production cuts will weigh heavily later. [$$] Long-Term Dow Chart Suggests More Downside Large U.S. banks on edge of insolvency, experts say Regulators close banks in Neb., Fla., Ill., Ore. GOLD Separating from the US DOLLAR-Banks insolvent Another $3T of U.S. Debt: Don't Count on Foreigners to Pay for Our Bailouts U.S. auto suppliers seek $18.5 billion in government aid How Banks Are Worsening the Foreclosure Crisis Stocks fall as investors can't shake economic woes Huge stimulus bill only the beginning of the end, substantial investment in Weimar dollar printing presses/operators envisioned: Obama Will the stimulus actually stimulate? Economists say no This is 1930 all over again and far worse Federal obligations exceed world GDP... Euro Zone Sees Biggest Contraction on Record Previous (2-12-09), suckers’ bear market rally with 200+ point upswing into the close based on b**l s**t alone on continuing bad news including increasingly high job loss/unemployment numbers (though vastly understated), unexpected (euphemistic for false) +1% January retail, and leak of yet the new latest, greatest, economic “stimulus”/subsidy, etc., so especially great opportunity to SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! 23% decrease in wealth in u.s. and much further to go. Fed printing worthless Weimar dollars like mad (ultimately, inevitably hyperinflationary) while treasury securities bubble gets bigger (stay away from treasuries – TIPS/treasury inflation protected securities only). Total desperation by frauds on wall street. One analyst previously pointed out there has been not one prosecution thus far and the frauds on wall street should be prosecuted. Analyst Frank Cochrane looks ahead to 4,000 to 6,000 on the DOW, 700 to 900 on the NASDAQ, and 425 to 625 on the S&P, and says spending/stimulus programs will not work, a point on which he is correct and the low end of his ranges closer to reality. Indeed, the lunatic wall street frauds’ desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.- Analyst Andre Egleshion puts the amount at $600+trillion) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc.. Obama’s Stimulus Not Enough to Avert Biggest GDP Drop Since 1946 Bloomberg | Obama’s stimulus plan will be insufficient to avert the biggest U.S. economic decline since 1946 as consumer spending posts its longest slide on record. Marc Faber: U S will default on debt or enter hyperinflation YouTube | Mr. Faber predicts the Zimbabwe model for the United States. Home Prices Slide 12%, Most on Record, as Foreclosures Drain Value... Deluge of Financial Calamities Looming by Mid-March Retail sales rebound, jobless claims stay high ABCNEWS: CATERPILLAR CEO contradicts Obama: 'We're going to have more layoffs before we start hiring again'... Retail sales rise unexpectedly (false report) in January Wells Fargo charge boosts fourth quarter loss (Reuters) Oh yet another new mortgage plan news is bs purported reason for spurring late suckers bear market stock rally The Market and geithner's Empty Suit No Plan SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! Previous (2-11-09), suckers bear market rally into the close based upon the bailout/stimulus fairy tale. Reality speaks for itself so the following latest news links (job loss/cut anouncements too numerous for inclusion and real numbers/data worse than false/gov’t/shill reports) plus previous 2-10-09 assessment which follows. ‘WORST ECONOMIC COLLAPSE EVER’ In 2009 were going to see the worst economic collapse ever, the Greatest Depression, says Gerald Celente, U.S. trend forecaster. He believes its going to be very violent in the U.S., including there being a tax revolt. This DEPRESSION will last 23-26 YEARS! Government is POWERLESS! We are facing a Depression that will last 23-26 years. The response of government is going to seal our fate because they cannot learn from the past and will make the same mistakes that every politician has made before them. Economic Rescue Plan: More Debt, More Dollar Devaluation And More Government Larry Summers: Fox Guarding The Henhouse COMEX Crash To Send Gold To $3,000 Gold jumps 3 pct to 6-1/2 mth high on risk aversion Highest Unemployment in Three Decades Economic Rescue Plan: More Debt, More Dollar Devaluation And More Government PAPER: European banks sitting on $24 trillion of toxic assets...The Day After: Stocks Struggle to Overcome Geithner's Stumble, RIM's Warning Why Americans Should Care More About the $2-$5T Bailout vs. the $789B Stimulus Ireland to take control of banks... Popular Rage Grows as Global Crisis Worsens Previously (2-10-09) only modest drop relative to reality as pointed out by analyst Frank Cochrane who looks ahead to 4,000 to 6,000 on the DOW, 700 to 900 on the NASDAQ, and 425 to 625 on the S&P, and says spending/stimulus programs will not work, a point on which he is correct and the low end of his ranges closer to reality. There seems near unanimity by astute people in the know that timothy (only the little people pay taxes) geithner is just not up to the job. Indeed, his apparent Freudian slip “arrest it” must have been a manifestation of his guilt for purposely evading taxes [he still after audit and before confirmation has not paid the taxes he asserted as time-barred for collection (should have been arrested)], and then there’s the $4 trillion missing at the New York fed (and hence his prospective arrest), and now even more obfuscation with regard to taxpayer funds (possible future arrest?). A career bureaucrat, one economist/analyst points out that tiny tim geithner is not an economist and his so-called plan is without a plan yet we’re now talking in trillions. Helicopter ben bernanke paints realistically bleak outlook [though rosier than reality The Economist, a Widely Respected and Authoritative Financial/Economic Publication: U.S. In Depression, Not Recession Video: Crash Will be Worse than Great Depression Great Recession/Depression of 2008, et seq., Worse Than All Others IMF warns of Great Depression Stocks Could Drop 20%, No Safe Haven: Dr. Reality Celente Correctly Predicts Revolution, Food Riots, Tax Rebellions By 2012 Former chief economist: U.S. in a depression Merrill Lynch’s Chief Economist: We’re Already In a Depression Ray Dalio: A Long and Painful Depression - Barron's Interview Trendsresearch.com forecast for 2009 , job losses like mad, and don’t believe the understated unemployment rates] seems flustered, impotent but really should allow alan greenspan his due for the current debacle. How about charging, arresting, and prosecuting the perpetrators of the massive fraud instead of using taxpayer funds to bail them out (especially since they’re now buying the fraudulent, worthless securities as well as talking funny books – they already have the funny money being printed like mad). Especially great opportunity to SELL INTO RALLIES/STRENGTH/TAKE PROFITS/SELL WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! . UBS cuts jobs after fourth-quarter loss (Reuters) UBS to slash more jobs after reporting $7 billion loss Blue Chip poll cuts forecast for second half 2009 (Reuters) GM cuts 10000 salaried jobs, trims employees' pay Sirius preparing possible bankruptcy filing: report Stocks sink over 4 percent on bank plan apprehension U.S. offers $2 trillion bank plan but stocks slump GE transport unit to cut or furlough 1,550 workers Asia stocks fall amid skepticism over US bank plan (AP) $3 trillion! — Senate, Fed, Treasury attack crisis [$$] Foreclosure 'Tsunami' Hits Mortgage-Servicing Firms (at The Wall Street Journal Online) Senate Passes $819 Billion Economic Stimulus Bill Bernanke Begins ‘Thorough Review’ of Fed Disclosure Stocks Tumble as Bailout Plan Is Unveiled Previous (2-9-09), suckers’ bear market/short-covering rally into the close to end mixed based on continuing bad news including new job cuts/losses including 20,000 from Nissan, etc., so still great opportunity to SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! Barron’s: Economist/analyst says depression has long way to go and lot’s of prospective pain Ray Dalio: A Long and Painful Depression - Barron's Interview . Analysts talk up adage, ‘buy on rumor, sell on news’ regarding ie., bailouts, bailouts, bailouts, with money they don’t have as total now approaches $9.7 trillion (printing those worthless Weimar dollars like mad, ultimately/inevitably hyperinflationary), buy gold on dips; short-covering rally via irrational exuberance induced bailout news, downside volatility, dilution (stock issued will dilute EPS), stimulus won’t work, lottery stocks (financials) based on short-term blips based on b.s./bailout news alone. Ray Dalio: A Long and Painful Depression - Barron's Interview Financial plan won't include "bad bank": TV One in eight lenders may fail, RBC says One Scary Unemployment Chart Bring back the guillotine… for bankers Geithner says G7 should act ‘promptly’ on economy We’re moving close to ‘a bailout-based economy’ Protectionism, unemployment and riots as the global slump deepens Obama’s Change: Expanding the Power of the NSC and Shadow Government Fitch cuts BofA ratings (at bizjournals.com) House Appropriations Chairman on Stimulus Waste: 'So What'... CBO: Stimulus harmful over long haul... LG Elec to cut $2.2 billion costs as recession bites (Reuters) Previous (2-6-09), suckers’ bear market rally based on especially bad news, viz., ‘depression-battered employers eliminated 598,000 jobs in January, the most since the end of 1974, bringing unemployment rate to 7.6 percent, the grim figures being further proof that the nation's job climate is deteriorating at an alarming clip with no end in sight.’ Economy so weak oil demand and price down but oil stocks rallied in the alice-in-wonderland fraudulent world of wall street. The lunatic wall street frauds’ desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.- Analyst Andre Egleshion puts the amount at $600+trillion) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc., so especially great opportunity to SELL/TAKE PROFITS SINCE MUCH, MUCH WORSE TO COME! Real Unemployment Figures Double Those Reported By Labor Department Paul Joseph Watson | 7.6% is actually over 15% - just 9% shy of figure at height of great depression. Financial Coup d’Etat Rep. Kanjorski: $550 Billion Disappeared in “Electronic Run On the Banks” U.S. job losses accelerate Fed's Yellen sees dynamics similar to Depression Regulators close 3 more U.S. banks Consumer credit falls more than expected in Dec. Peter Schiff: Stimulus Bill Will Lead to “Unmitigated Disaster” Nearly 600K jobs lost in Jan.; more pain ahead Peter Schiff: Why I'm Right About the Substantial Further Decline and My Critics Are All Wrong There is a high chance a majority of the States within the United States of America could file for Chapter 9 bankruptcy. There are currently 46 states with high budget deficits, Arizona being one of them. The lunatic wall street frauds’ desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.- Analyst Andre Egleshion puts the amount at $600+trillion) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc., so great opportunity to SELL INTO RALLIES/STRENGTH/TAKE PROFITS/SELL WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! Previous day’s (2-5-09) news as bad, ie., record level monthly unemployment numbers much worse than expected 626,000, factory orders down, IMF says no breakthrough in stabilizing financial sector, etc., but irrational exuberance on bailout talk and prospect of not only funny money but now funny assets with proposed new accounting rules to hide financial reality (dismal) so great opportunity to SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! U.S. jobless claims surge in latest week to 626,000 Parallels With the Great Depression Obama Warns of ‘Catastrophe:’ What Happened to ‘Hope’ and ‘Change?’ NEWS CORP loses $6.4 billion... ...writedowns GE chief warns on USA depression threat... Watchdog: Treasury overpaid for bank stocks... USA Must Spend Trillions they don’t have to prevent a long-lasting Depression'... GERMAN BANK FIRST LOSS SINCE WWII OWING TO AMERICAN SECURITIES FRAUD DEBACLE; REJECTS STATE AID... MCCLATCHY reports loss on newspapers' decline, plans deep cost cuts... Treasury in plans for record debt sale... Accounting rule change for more cook the books fraud and bailout hopes spur Wall St. rally New jobless claims surge to 26-year high Auto suppliers seek rescue as crisis deepens Art Hogan refers to the prevalence of bailout rhetoric, financials (among others) under pressure because there have been twice as many downside surprises on the earnings front with either no guidance or bad outlook, and cites new trading range for oil at $40 - $50. Kraft, bank worries knock Wall St; Cisco hit late Cisco outlook misses expectations The Bad Bank Assets Proposal: Even Worse Than You Imagined TIMEWARNER the troubled, horribly managed media company swings to 4Q loss on hefty writedown... UBS Boosts ‘09 Gold Forecast to $1,000 One analyst previously pointed out there has been not one prosecution thus far and the frauds on wall street should be prosecuted. Indeed, the lunatic wall street frauds’ desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.- Analyst Andre Egleshion puts the amount at $600+trillion) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc.. Another Prominent Economist Forecasts Depression, Says Gold To Hit $2000 Auto sales hit 27-year low US auto sales plunge 37 percent to 26-year low Motorola's woes pile up in $3.6B quarterly loss Disney 1Q profits drop 32 percent; shares slide Wells Fargo defends, then cancels Vegas junket Electronic Arts posts wider loss, huge layoffs announced, hurt by charges Fed Secretly Lends $2 Trillion to Banksters without Oversight JAPAN: “There has never been data this bad for any major economy - even in the great Depression”; “We are literally looking at the unimaginable” Obama predicts more bank failures California goes broke, halts $3.5 billion in payments Previous, consumer spending down (-1%), manufacturing activity down, construction spending down 5.1% and much worse than expected. Problems ahead for bonds (currency risk, low yield, etc.) including treasuries (bubble), interest rates prospectively higher, bad real estate market into 2010 as banks play catch up on foreclosed properties, with top end getting hit and weaker rental market to boot. “…The United States was in much better shape, economically, going into the Great Depression than it is now. Prosperity is not coming back to the U.S. as we know it. We are in a lot of trouble…”. Personal bankruptcies soar 33% More Economists Say Crisis Is Worse Than Great Depression Steve Watson | Ominous headlines have prominent analysts spelling out disaster. Macy's cuts 7,000 jobs, slashes dividend Factory decline, consumer spending drops Morgan Stanley plans up to 4 percent in job cuts Joint Chiefs chairman calls fiscal calamity a bigger threat than any war WALL ST ALREADY DOWN 10% FOR YEAR... Folding dealers shock car buyers with unpaid liens (AP) GlaxoSmithkline to cut 6,000 jobs: report The New Economic Reality …do not think we should be incurring trillions in debt for an ill-conceived or even a properly conceived plan. We cannot spend that much. OUR PROBLEM WAS SPENDING MORE THAN WE MADE SO THE ANSWER CANNOT BE THE GOVERNMENT ALLOWING US TO SPEND MORE THAN WE MAKE. Joseph Stiglitz, a Nobel laureate, can tell you better than me, and he thinks we are asking for major problems. Florida, Maryland, Utah Banks Seized Amid Deepening Financial Crisis... Worse than the Great Depression Charts Predict: Oil May Whip Back up to $100 Previous session, 31st u.s. bank to fail, 6th this year, Economy's new plunge is worst in quarter-century (AP) as GDP falls 3.8% defying much worse/higher private/real forecasts/estimates; bad economy, bad economic data, bad real estate market; defensive non-equity investing recommended, ie., short-term bonds, single short ETF hedge funds, etc.. One analyst points out there has been not one prosecution thus far and they should be prosecuted. Indeed, the lunatic wall street frauds’ desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.- Analyst Andre Egleshion puts the amount at $600+trillion) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc.. GDP sees biggest drop in 27 years The Ugly Truth: The American Economy is Not Coming Back Economy, bank woes drag market to worst January ever Economy's new plunge is worst in quarter-century Stocks' January drop isn't welcome sign for 2009 [$$] January Was Dow's Worst In 113 Years (at The Wall Street Journal Online) Economy's new plunge is worst in quarter-century (AP) Worst January ever for Dow, S&P 500 US Stocks Drop, Capping Market’s Worst January, on Economy Bloomberg US Stocks Off; Financials, Industrials Lead DJIA Under 8000 MarketWatch US Economy Will Keep Sliding After Shrinking Most Since 1982 U.S. Eyes Two-Part Bailout for Banks 46 Of 50 States Could File Bankruptcy In 2009-2010 Economic crisis has put the world “on the road to serious social instability” Gold rallies 2 pct on haven buying, hits euro high Worst January on Record for Stocks... Previous session, at least Obama referred to the outrageousness of the wall street perps/frauds who created the crisis, got wealthier in so doing at other peoples expense/damage, received taxpayer bailout funds because of what crimes they did, and now reportedly took huge bonuses ($18 billion) for failed and fraudulent performance; but if he thinks shaming them into better behavior is effective, then he is a fool. One analyst points out there has been not one prosecution thus far and they should be prosecuted. Indeed, the lunatic wall street frauds’ desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.- Analyst Andre Egleshion puts the amount at $600+trillion) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc.. All bad news: all-time record continuing unemployment claims, durable goods orders down more than expected, new home sales down record levels (-37%), banking system insolvent, long-term treasuy bubble about to burst, DEPRESSION, etc.; December durable goods orders declined 2.6%, marking the fifth straight monthly decline. Excluding transportation, orders were down 3.6%. The drop in both readings was also steeper than expected. In other economic news, December new home sales declined more than expected, falling almost 15% from the prior month. The supply of new homes is at an all-time high of nearly 13 months, based on the pace of current sales. Demand for new homes remains weak as weak labor markets limit buyers. Initial jobless claims for the week ended Jan. 24 increased modestly to 588,000, which exceeded the 575,000 claims expected. Continuing claims climbed to 4.78 million, which is the highest level for continuing claims in 40 years. More Economists Say Crisis Is Worse Than Great Depression Steve Watson | Ominous headlines have prominent analysts spelling out disaster. Jobless Sheep Fed Reserve Fails to Reflate the US Banking System Signs of deepening economic woes slam Wall St. Americans receiving jobless benefits hits record... [$$] Ex-Merrill Executives Got Burned by Madoff (at The Wall Street Journal Online) Disney plans 5 pct job cuts at ABC group US new jobless claims up,continued claims a record Workers receiving unemployment at 25-year high Obama calls $18B in Wall Street bonuses 'shameful’ – Is that it? Is that all there is? What about illegal as the perpetrators of the massive fraud receive taxpayer bailout funds …for their bonuses.' Japanese output falls at record pace Ford posts $14.6B 2008 loss, near $6 billion loss for quarter, still won't seek aid Merrill Lynch’s Chief Economist: We’re Already In a Depression Stocks Could Drop 20%, No Safe Haven: Dr. Reality MURDOCH: Crisis Worsening, 'Drastic Action' Needed... Stiffed: Why are bailed-out banks helping Pfizer buy Wyeth? Previous, suckers’ bear market ralley based on b**l s**t alone, viz., the now fabled big bad wolf bank to eat all the so-called toxic debt at taxpayer expense (for the economy- what a fairy tale), etc., so especially great opportunity to SELL/SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! All bad news continues: Boeing to cut 10,000 jobs, AOL 700, Starbucks 6,700 , and on and on, the list is long, continues, and is growing, Warning over collapse in capital flows Telegraph | The world economy will shrink this year for the first time since the Second World War, warns the gloomiest forecast yet delivered by a major international institutional. MERRILL LYNCH’S CHIEF ECONOMIST: WE’RE ALREADY IN A DEPRESSION Stocks Could Drop 20%, No Safe Haven: Dr. Reality World growth ‘worst for 60 years’ Mass layoffs surge in 2008, continue at rapid pace (AP) 'American consumer can no longer act as motor of global economy'... Analyst Ciovacco sums it up thusly: …We have seen many of these bailout inspired "feel good" days during the bear market. The market cheered the bailout out of Bear Sterns, only to retrace all the gains while moving to lower lows. When Fannie and Freddie were bailed out by you and me (taxpayers), the market "felt good" only to move on to lower lows and more losses. When AIG was bailout out by - you guessed it, you and me, it was seen as a positive. Stocks went on to make new lows. TARP was hailed by the markets as the answer to all our problems - stocks moved higher in anticipation, then made new lows. When the formerly "big" three were given government loans, the market breathed a sigh of relief - then, you guessed it, moved lower.Here we go again. The “bad bank” is this morning’s feel good story. The futures are higher on “speculation” the government will set up a bad bank. The problem is a familiar one for money managers - we do not know what the rules are and how the "bad bank" will be set up. Will it be good for shareholders in banks? Will it be bad for shareholders in banks? We are not sure because we have no details on the latest bailout, only speculation and a few sound bites. The basic goal of the bad bank according to this morning’s news reports is to "get lending going again". In an overleveraged world, is more credit really the answer? I thought too much credit was the problem…Previous, what are they drinking, smoking, snorting on wall street with suckers’ bear market rally on decisively bad news; viz., consumer confidence at lowest level ever recorded (37.7) Consumer Confidence Slides to Record Low in January , 18% plunge in home prices as per highly regarded Case/Shiller Index, Retail Federation gives bad retail outlook, layoffs du jour galore, etc., and even as oil plunged on the bad economic data, oil stocks rallied…riiiiight! What, they worry…hell no…they work for wallstreet/government. They’ll still get their commissions on the way down and maybe stick you with their over-priced dogs as well. Same modus operandi as in January et seq, 2008 when they sucked in the suckers who this time (fool you twice, shame on you) will deserve to be burned for wall street commissions/ compensation/ bonuses’ sake as in the year just passed. The lunatic wall street frauds’ desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.- Analyst Andre Egleshion puts the amount at $600+trillion) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc., so great opportunity to SELL INTO RALLIES/STRENGTH/TAKE PROFITS/SELL WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! Bank bailout could cost $4 trillion CEO confidence plunges around the globe Consumer mood at record lows, house prices sag Corning slashes up to 4,900 jobs to cut costs Moody's says could cut GE's triple-A credit rating Target eliminates positions amid weak sales Nation's economic mood darkens as more jobs vanish S&P index shows plunge in November home prices Yahoo posts higher profit but outlook weak Yahoo suffers 4Q loss, but tops analyst views IBM quietly cuts thousands of jobs Economy in free fall in fourth quarter Companies in U.S. to Slash More Jobs, Business Economists Say military spending is crippling america Previously, wall street frauds’ nirvana (commissioning a large incline then decline then suckers’ bear market rally into the close incline) at just a program loop, button push, mouse click away based on bull s**t alone and ‘Little Shop of Horrors’ viz., wall street vegetables clamoring ‘feed me, feed me’ with hopes for taxpayer bailout funds and short-covering bear market rally.. Motek’s experts: One land of fruits and nuts politician too many for a business hour; there will be no further comments relative to Frank Motek’s knx1070am caleefornia business hour inasmuch as the show has become a bit too parochial and limited in scope. 68,000 new job cuts this day alone. Existing home sales on foreclosures up 6.5% so new home sellers rally…riiiight!...Preposterous!...Leading indicators allegedly up .3% on increase in money supply (hyperinflationary)…Riiiiight! NY financier arrested in purported $400 million scam Reuters Job-killing depression racks up more layoff victims Economy in free fall in fourth quarter FANNIE to Seek Up to $16 Billion in Emergency Treasury Aid to Stay Afloat... Gloom deepens as 75,000 global jobs go... Gold pushes above $900 in buying spree; Yellow metal posts all-time highs in euro and sterling... Economy in free fall in fourth quarter Previous, mixed finish on relatively light volume defies reality with another near 200 point swing to the upside on suckers’ bear market rally into the close to keep suckers suckered on decisively bad news so sell into rallies/strength/take profits/sell while you still can since much, much worse to come. Motek experts: Art Hogan points to volatility, lots of headwinds for market, magnitude of the worse than expected results, doubling underestimated earnings to downside and no guidance indicative of lack of belief in efficacy of stimulus, and lag effect concerning stimulus which will help but not soon enough. Investment analyst says P/E ratios for stocks much too pricey, cite S&P single digits in milder recessions past hence way over-valued at 15 P/E now. GE profit down 44 percent Earnings and depression batter world stocks Britain officially slips into recession Schlumberger 4Q tumbles; sees rough year ahead Harley to cut 1,100 jobs as 4Q profit falls Xerox 4Q profit plunges, misses Wall Street view (AP) 2009 Heralds “A New Age Of Rebellion” Geithner's failure to pay taxes completely intentional Misguided Spending Will Only Take Us Deeper Into Depression Poor earnings, opaque forecasts weigh on stocks (AP) Freddie Mac to ask for billions more in funds Freddie Mac to ask government for another $30-$35 billion Brower Piven Encourages Investors Who Have Losses in Excess of $500,000 From Investment in Bank of America Corporation to Inquire About the Lead Plaintiff Position in Securities Fraud Class Action Lawsuit Before the March 23, 2009 (Marketwire) Capital One results suggest gloomy 2009 for credit card industry Wall Street's culture of entitlement hard to shake “The stock market has been bluffing investors for decades. The market's indiscernible jolts have been particularly pronounced and painful in recent months.” Simon Maierhofer“Unprecedented” Job Cuts in Works at World’s Largest Automaker [video] Gold Surges VIDEO: THE GLOBAL FINANCIAL CRISIS - Montreal Lecture: The Great Depression of the 21st Century Motek experts: Discuss new unemployment claims at 589,000 match 26 year high, 4.6 million continuing u.e. claims, wall street strategist (actually just another wall street fraud) thain at last minutes before BofA bailout/takeover does compensation/bonuses/expenditures and gets axed, all-time low for housing starts with downsides well into 2010, job losses trend to accelerate well into second half 2009. Analyst says near term increased uncertainty, gamble, financials undercapitalized, recommends risk adjusted/barely below investment grade junk bund funds (high ror) and gold mining etf’s while warning long-term treasuries to take a hit. Reporter discusses negative I.T./pc market, spending and job cuts and absence of forward-looking guidance. Worsening signs for Apple with slowdown in pc sales and reliance on retail/pricing. Currency expert says problems serious, gov’t needs to raise $2 trillion, crowd out private sector, increase cost of money, fanny/freddy, government replacing private mortgage lending with negative implications. Frank congratulates Paul Kangus on Nightly Business Report 30 year anniversary where he began his business reporting career. Just The Early Stages of Economic and Financial Collapse Jobless claims surge, housing starts tumble Back In Reds After Economic Data... Bank results plummet... Angry customer rammed bank with pickup... GOOGLE PROFIT SLIPS FOR FIRST TIME... MICROSOFT stuns with profit miss, job cuts... Roubini: Banking System is “Bankrupt”, “Effectively Insolvent” Previous, wall street frauds’ nirvana (commissioning a huge decline then a huge incline) at just a program loop, button push, mouse click away based on bull s**t alone and ‘Little (wall street) Shop of Horrors’ viz., wall street vegetables clamoring ‘feed me, feed me’ with high (what are they smoking, drinking, snorting) hopes for taxpayer bailout funds and short-covering bear market rally. The lunatic wall street frauds’ desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc., so great opportunity to SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME. Motek’s experts: Analyst/options/speculator talks roller coaster ride on wall street regardless of results, banks still in trouble with dilution via government takeovers, talks lessons…please, give us a break…, then risky strategies, ie., risky bonds into riskier equities as if that isn’t that how we got into the continuing mess. Only-the-little-people-pay-taxes geithner, a co-architect of the current mess said food lines long and getting longer even as he dodges taxes (purposefully…after audit and as currently pending appointment, paid back taxes but scofflawed time-barred taxes owed), while economist says geithner a scofflaw and stimulus just more pork. Geithner was “involved in just about every flawed bailout” of the Bush era (On capital hill they were afraid to ask the question as to where is that missing $4 trillion at he ny federal reserve bank which is defacto complicity) Financial Times editor says dramatic prospective action will be very unpleasant for shareholders. S&P 500 Q408 Earnings Now Expected to Fall 28.2% Royal Bank of Scotland to Record $41 Billion loss, State Street profits down 71%, Bad news across the board as Worst Inauguration Day Drop in Dow Industrial History... Roubini Predicts U.S. Losses May Reach $3.6 Trillion Prominent Economist: Crisis Caused By Government Interventions Motek’s experts: Land of fruits and nuts actor/entertainer/speculator/sometimes economist Ben Stein [who previously took a page out of GM’s playbook by lambasting Fortune Magazine (you might recall some two decades ago that Fortune warned of GM managerial ineptitude to which GM responded with outrage and withdrew all advertising and revenue to Fortune thereby in retaliation - if only they had listened) for saying caleefornia is number 1, numero uno ….. as prospectively worse real estate market in the nation, the same Ben Stein who poo-pooed Peter Shiff’s correct prediction of market crash, but did correctly state fed policies hyperinflationary, and also just criticized Shiff’s recent prognostication ( he previously had to apologize to Shiff having done wrongly so before- his criticism of Peter Shiff for warning of this debacle years ago). He throws out a couple of economic terms (demand pull/cost push inflationary terms) to buttress his criticism of Shiff but he’s just out to lunch in citing the absence of demand as militating against Shiff’s inflationary argument since history (and even currently, i.e., zimbabwee) is replete with examples of low demand and or impoverished nations that have over-printed their currencies with hyperinflationary results as will occur in u.s.). Stein should be on the Strip doing stand-up (comedy). He is a joke!] while commenting on the inaugural address (who cares…what do you expect them to say…all talk is cheap in fraudulent america particularly) says in need of specifics, says because he can’t do taxes geithner doesn’t have to, talks gov’t guarantees on loans except for fraud, bad banks/financials, no bottom. Analyst says things getting worse not better, bad equity ratios, banks not sufficiently capitalized, unemployment/job losses yet to hit so worst to come. Economist says recession/depression with 500,000 job losses per month, housing/stock declines, bad bank bailouts with taxpayer money bad idea/bad deal, hopes on stimulus. Peter Shiff says they buy on rumor and sell on fact/reality, TARP/government spending the problem, new lows for financials, eventual dollar collapse, bailing out/subsidizing incompetent high paid executives, get out of any assets connected to u.s., buy gold. Roubini Predicts U.S. Losses May Reach $3.6 Trillion Bloomberg | U.S. financial losses from the credit crisis may reach $3.6 trillion, suggesting the banking system is effectively insolvent. Prominent Economist: Crisis Caused By Government Interventions Steve Watson | People who created the problem are now in charge. Previously, a big suckers’ depression era rally of near 200 points into the close to keep suckers sucked in while churning and earning those commission dollars on decisively bad news (ie., circuit city liquidates/sheds 30,000 jobs, more job cut announcements, manufacturing down 2%, cpi down .7% on lower gas/oil prices but watch for inevitable hyperinflationary effect of worthless Weimar dollars they’re printing like mad, Citigroup -- after suffering a loss of $8.29 billion, its fifth straight quarterly deficit -- is reorganizing into Citicorp and Citi Holdings—what a joke; first will focus on traditional banking around the world, while the second will hold the company's riskier assets and tougher-to-manage ventures; Bank of America slides to 4Q loss; gets more ‘down the rabbit hole’ taxpayer money; how pathetic, unemployment claims at 54,000 for week, 524,000 for prior month, 4.5 million collecting unemployment/64% increase, foreclosures for December up 17%/2nd worst on record and high for ordinarily slow December, etc.), U.S. foreclosure filings in 2008 rose 81% from 2007 , the lunatic wall street frauds’ desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc., so SELL INTO RALLIES/STRENGTH/TAKE PROFITS/SELL WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME. Retail sales much worse than expected -2.7% and double (100% worse) expected decline with financial sector usual suspects providing other dose of bad news, along with beige book which cites weakness in all districts. Job cuts, job cuts, job cuts, and Jobs cut work schedule with medical leave till June, 2009. Oil inventories up however since economy is so bad demand has substantially weakened. What usually either way would have derailed prospective nominees in past, viz., illegal nannies, failure to pay taxes, etc., has rallied defense of geithner TAX MESS: Panel delays hearing on Obama's Treasury choice..., the new york fed man ( Fed Mob Boss Geithner’s Confirmation Sidelined - too n.y. jewish to fail or be held accountable, in fairness there’s also trump and alito, and bush and clinton, etc., all of whom seem impervious to the laws and rules of civilized governance; owe, oh! how the mighty have fallen, including meaningfully lawless america). Given the state of the nation, who can rationally defend those experienced with having caused the crisis in the first instance (there is the matter of course of campaign finance bribery). HOW ABOUT ASKING GEITHNER ABOUT THE MISSING $4 TRILLION AT N.Y. FED BANK, WHO STOLE IT, ETC., AS A PRE-CONDITION TO HIM EVEN BEING CONSIDERED! THROW THEM, THE FED, WALL STREET FRAUDS, ETC., IN GITMO; THEY’RE CERTAINLY ECONOMIC TERRORISTS, FRAUDS, THIEVES WHO’VE DONE FAR GREATER DAMAGE TO AMERICA THAN ALL AMERICA’S ENEMIES COMBINED. Typical wall street jew madoff will just have to suffer his bail days in his $7.5 million n.y. penthouse apartment. $700-Billion Bailout Lacks Transparency, Accountability, Congressional Panel Says Motek’s (Frank still out but returns on Monday, but will his program still be there after decimating week) experts: Senile Wedbush from the land of fruits and nuts to his credit refers to the extent financial scenario by the “D” for Depression word (he very well may have been around to have experienced the first Great Depression) and borrows refrain from old Springfield song of ‘ Wishin’ and Hopin’ ’…riiiight…Start your own company, ie., apple stands (candy, caramel, or plain); land of fruits and nuts better stick with a taco or tamale stand; hot dog stands…riiiiight! (Previous) Hugh Johnson says earnings recession and lots of going out of business signs. Retail analyst says lots of bankruptcy filings and store closures particularly in select regional/female apparel/jewelry. Hugh Johnson, analyst, says Alcoa much worse than expected a wake up call, earnings below expectations, widespread downturn but much more difficult to forecast than ever (welcomed obfuscation so they can talk the talk and sucker you), oil speculators still in play, bailouts old news but enormous deficits/problems therefrom. Investors Business Daily editor, spend and cut taxes, TARP money not enough, $485.2 record deficit, deficits will continue to grow, will catch up to u.s., long term better…riiiiight…how ‘bout in long term as per keynes we’ll all be dead…if you’d have listened to equities oriented IBD you’d probably be broke by now even if you were as they seem to presume a trader. Analyst Gabriel Isdumb says eventually things will be better…yeah…riiiiight!…right after the depression has run it’s course. Autonation expert says the worst conditions he’s ever seen which he further describes as appalling. All news bad and worse than expected (ie., Alcoa, Citi which received $45 billion in bailout funds and lost $20 billion, etc.). Former chief economist: U.S. in a depression The U.S. Economy is being Marched to the Gallows Andrew Hughes | Predictions of hyperinflation, dollar decline and civil unrest. No Brainer: Bankster Bailout is Unconstitutional Kurt Nimmo | A world system of financial control in private hands will begin the process of delivering feudalism to the American people. The Economy Is in a Depression The economy contracted at about a 5% annual rate in the fourth quarter. Bank of America to receive additional $20 billion International Herald Tribune | The second lifeline brings the government’s total stake in Bank of America to $45 billion and makes it the bank’s largest shareholder, with a stake of about 6 percent. Counterfeiting? Bank of England able to print money without having legally to declare it Bank of America to Get Billions More From Treasury Washington Post | The Treasury Department plans to invest billions of dollars in Bank of America to help the company absorb troubled investment bank Merrill Lynch. Citigroup -- after suffering a loss of $8.29 billion, its fifth straight quarterly deficit -- is reorganizing into Citicorp and Citi Holdings. The first will focus on traditional banking around the world, while the second will hold the company's riskier assets and tougher-to-manage ventures. Bank of America slides to 4Q loss; gets more ‘down the rabbit hole’ taxpayer money. Bernanke: U.S. Financial Crisis Worse than Japan’s Lost Decade, but We’ll Still Copy the Japanese Playbook, Even Though It Didn’t Work Nortel files for bankruptcy, shares plunge , (Reuters) $700-Billion Bailout Lacks Transparency, Accountability, Congressional Panel Says U.S. Retail Sales Decline for a Sixth Month Dismal holidays over, but retail outlook still dim , CITIGROUP Stock Falls Below Critical $5 Level... 'Long-term transformation'... 'Swift decline in America's influence'... Stocks tumble as worries grow about banks... JPMorgan CEO predicts bleak year: report (Reuters) JPMorgan's chief executive predicts that the financial crisis will worsen this year, in an interview with the Financial Times newspaper published on Thursday. Sen Dorgan: Federal Reserve Refuses To Identify Recipients Of 2 Trillion In Emergency Loans Throw them, the fed, in gitmo; they’re certainly economic terrorists, frauds, thieves who’ve done far greater damage to america than all america’s enemies combined. Our Collapsing Economy According to the Bureau of Labor Statistics, nonfarm payroll employment declined by 3,445,000 from December 2007 through December 2008. Marc Faber: “I Think it Might Be Far Worse [Than the Great Depression] Precisely Because of the Interventions” by the Government The latest edition of Marc Faber’s latest newsletter fell off two separate trucks in my ‘hood, and I thought the most useful bits were Faber’s observations (honed from many years of seeing the world from Asia) that just because a market has gone down a ton doesn’t mean it can’t go down a great deal further. U.S. Economy May Shrink 1.5% in 2009 as Depression Stymies Fed Economists slashed forecasts for U.S. growth in 2009 and projected Federal Reserve policy makers won’t be able to start raising interest rates until 2010, according to a monthly Bloomberg News survey Treasury: Deficit hits new record in just 3 months...TREASURY PICK FAILED TO PAY TAXES Bond Bubble Looms ‘The key here is to stay the course and not to be sucked into the hype; don’t let your eyes deceive you. Printing money non-stop for a year (or longer, I don’t see him stopping any time soon) will have consequences (meaning hyperinflation/worthless dollar, etc.).’ Those commerce department job numbers in prior months revised upwards (I warned of the falsity of same even as wall street frauds rallied on the false data). 2.6 million jobs lost in 2008, worst since 1945. Motek’s experts: Financial analyst says treasuries at 0%, money markets near 0%, so seek companies with pristine balance sheets and dividends, negative doldrums as market (irrationally) shrugs off bad news, no magic wand from new president, cross your fingers and hope…..riiiiight! Economist discusses jobs report, says lagging indicator and rough time, savings up but spending down, weakness through at least first quarter of 2010, lots of pain ahead, real estate prices continue decline through coming year, -20% to –25% with land of fruits and nuts in worst case scenario. Another economist also discusses continued declines for real estate with land of fruits and nuts in worst case camp, foreclosures a lot higher with peak at 20%, and cites (probable) decade long stagnation as Japan in ‘90’s. US Debt is really 53 Trillion. Can you say Dollar Collapse then Massive Hyperinflation Coming? Roubini Joins Faber and Rogers in Saying Bubble in Treasuries Will Likely Burst Now the U.S. porn industry seeks $5billion bailout Citi, Morgan Stanley in brokerage talks; Rubin quits $$] Rubin Departs Citi on a Low Note (at The Wall Street Journal Online) Agency warns on automakers' pension funds: report Jobless rate at 16-year high as payrolls plunge Job losses hit 2.6 million as layoff pain deepens Wall Street falls on job woes, Citi Stocks slide after rise in unemployment rate (AP) Manufacturing slumps at fastest pace since 1981 More people collecting unemployment benefits Depression more severe than thought: Fed’s Rosengren Horrible data and again worse than expected but suckers’ bear market rally into the close based on bull s**t and bailouts (with money they don’t have) provides excuse for irrational exuberance and mixed close. Weak retail and unemployment at 26 year high.Motek’s experts: Analyst points to dire warnings across the board while real estate/housing/building analyst says 2009 will be bad year with 20% declines in real estate values as unemployment goes higher while another real estate analyst says not a good time to buy a home. U.S. companies face $409 billion pension deficit: study U.S. debt is losing its appeal in China LET'S PRINT MORE WORTHLESS MONEY! Obama Bets Big on Big Government... Dems Raise Doubts on Plan... A worse-than-expected ADP employment report indicated 693,000 jobs were lost in December far above the expected 493,000 and a warning from Intel (INTC 14.44, -0.93) underpinned early weakness with typical suckers’ rally into the close to finish off lows. Motek’s experts: Analyst says first 5 days of trading in January, 2009 historically a bad sign, gloomy employment scenario with 693,000 jobs lost in December, economic contraction in major way coupled with poor earnings, 1.2 trillion budget deficit at 6.8% of GDP or worse so tough to make bull case, defensive position, low allocation to equities with high capitalization/consumer staples. Oil analyst points to weak economy/jobs data, absence of leveraged money chasing oil and says $60 oil soon. Economist, part of the corrupt fed team discusses job losses. Final expert discusses demographic trends behind and causative of cycles as 1929, 1968, and now, baby boomers, bleak outlook, economically shot their wad in terms of ability to avoid depression. Analyst Predicts 40% Unemployment, No Recovery until 2015 Bear rally over, the great dying begins in corporate America Wall Street falls sharply on employment realities, realistically bleak corporate outlooks Budget deficit to hit $1.2 trillion in fiscal 2009 Intel warns second time on quarter U.S. says Madoff sent diamonds in violation of bail Profit warnings, poor job outlook weigh on stocks (AP) Yes, fed now using the ‘D’ for depression word which means we’re in a depression (after all, they were saying no recession when we were already in one). What are they still drinking, smoking, snorting on wall street with suckers’ bear market rally into the close. They’ll still get their commissions on the way down and maybe stick you with their over-priced dogs as well. Same modus operandi as in January et seq, 2008 when they sucked in the suckers who this time (fool you twice, shame on you) will deserve to be burned for wall street commissions/compensation/ bonuses’ sake as in the year just passed. Service sector (90% of american economy, viz., bull s**t), factory orders, pending home sales down (worst on record) and much worse than expected. Some reality: After a short modest rally in the stock markets, lasting at best if at all, 1 to 4 months after Obama is inaugurated as President, people will realize that Obama’s stimulus plan isn’t going to work. Specifically, it will become obvious that we’re in a Great Depression, and that nothing that Bushco or Obamaco did can get us out of it (it may take a while longer for people to realize that what both administrations did actually made the financial crisis much worse). At that point, the stock market will crash like a waterfall. Mish thinks the crash will leave the S&P at 600. Robert McHugh thinks the crash will drive the S&P to 500 or lower (in McHugh’s worst-case scenario, the S&P could end up at 50). At around the time of the crash, the bubble in long-term treasuries will burst. Retirees and other people who have socked away their money in treasuries will get hit hard. The government itself will start massively buying its own long-term treasuries. Motek’s experts: Art Hogan in straight-shootin’ mode (as opposed to wall street shill mode) focuses (but only briefly) on fed’s depression/deflation words, says quite correctly that the focus has been on the cure (ie., bailouts) rather than the illness, lots of badnews, dismal earnings, etc., only slightly better at best in second half (I don’t think so), stay away from consumer discretionary cos., metals higher, market may be higher at year end (not likely), but rocky road till then (and beyond). Financial times editor says shocked by fed’s 0% move, very scary scenario, the specter of depression/deflation looms large, much too much optimism over Obama prospective stimulus plan. Economy in grip of recession/depression, reports show Stocks end higher on hopes for economic rebound Alcoa to cut 13 pct of global work force The Secular Bear Market Continues Willem Buiter warns of massive dollar collapse Bank Of England Policymaker Predicts Unprecedented Dollar Collapse Car sales plunge heralding bleak 2009 but car stocks rally; construction numbers down but building stocks rally. Will We Have a Good 2009? Not If History Is Any Guide Stocks slip on telecom and financials; Apple jumps on ‘jobs alive’ news…riiiiight! Obama plunges into econ talks, borrows a page from bush economic strategy of spending money you don’t have and cutting taxes, and predicts approval Consumer bankruptcies jumped 33% in 2008 and much worse expected in 2009 including commercial bankruptcies far greater and larger than in 2008 [$$] Don't Get Too Happy About the New Year Check This Graph-Proof we are going into a Great Depression. Notice MASSIVE job losses. Is there really any doubt any longer? The Economist, a Widely Respected and Authoritative Financial/Economic Publication: U.S. In Depression, Not Recession Don’t forget their 2008 talk as now for 2009. The lunatic wall street frauds’ desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc., so great opportunity to SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME. More dismal news for lunatics on wall street to fraud on: ISM factory utilization index fell to the lowest level in over 28 years. Factories mired in worst slump in 28 years They’re printing worthless Weimar dollars like mad for the celebrated bailouts, bailouts, bailouts, and stimulus so stimulating. Motek’s experts: First expert talks up superstition, the so called ‘january effect’ saying if positive this month then the worst case scenario is –5% for DOW/S&P for the year, so the frauds on wall street are really shootin’ for the moon (lunatics) for the effect, still in recession but bear market rallies not bad but not for buy and hold crowd, dump non-performers, favors medical devices/health care related, disfavors autos/financials. Another expert who scans/digests newsletters says market/newsletter euphoria contra-indicated, new lows are coming, the best funds in 2008 were short or cash. News typically bad: Difficulty tracking and monitoring bailout money…Daaaaah! Understated unemployment numbers still at recession/depression levels (4.65 million); retail correction-bankruptcies, closings, fewer stores. Motek’s experts: Peter Shiff says it’s not the disease but the government cure that will kill us, dire forecast for 2009 and beyond-inflation, companies going out of business, commodity prices higher, world’s largest debtor america is bankrupt, more borrowing/spending their failed prescription, bleak picture for dollar the value of which will be halved and high probability that the decline will be 70-90%, gold higher and $2000 gold in not so distant future, oil much higher and $200 oil in next couple of years, stocks will continue to decline, on the long side he favors quality EU, Asia securities and precious metals particularly monetary metals gold, silver. Oil analyst says oil too cheap, geopolitical factors, (israel war mongering, war crimes, etc.; Russia/Ukraine dispute-cut gas supplies affecting Europe), oil to $60-70 rather quickly, gasoline demand anemic but oil price the factor. It’s time for ben stein to resign himself to just a land of fruits and nuts actor/entertainer/speculator as he lambasts Shiff’s prognostication ( he previously had to apologize to Shiff having done wrongly so before- his criticism of Peter Shiff for warning of this debacle years ago). He throws out a couple of economic terms (demand pull/cost push inflationary terms) to buttress his criticism of Shiff but he’s just out to lunch in citing the absence of demand as militating against Shiff’s inflationary argument since history (and even currently, i.e., zimbabwee) is replete with examples of low demand and or impoverished nations that have over-printed their currencies with hyperinflationary results as will occur in u.s.). Stein should be on the Strip doing stand-up (comedy). He is a joke! Suckers' bear market rally into the close to keep the suckers suckered on NEWS MUCH WORSE THAN ALREADY DISMAL EXPECTATIONS ACROSS THE BOARD: S&P/Case-Shiller Composite Index, October home prices were down 18% year-over-year, the largest drop on record. According to the U.S. Conference Board, consumer confidence dropped more than expected to an all-time low in December AT 38%. Record number of bankruptcies and particulary hard hit commercial sector in coming year, ie., malls, retail, etc.. Worse stock market declines for the year since 1931 (Great Depression) and worse to come in 2009 despite suckers’ bear market rallies to keep you sucked in. Put these wall street frauds in jail and force disgorgement of their fraudulent gains. There are loads of able new grads and job seekers who can take the place of the wall street frauds who caused the crisis owing to their own avarice and continue the coverup to get taxpayer bailout funds. The markets should be efficient and predicated on rational valuation which is totally absent in america’s fraudulent, manipulated markets. Absent prosecution and disgorgement in these ongoing multi-trillion dollar fraud schemes (new ponzi scheme uncovered in addition to madoff, which are just tips of the iceberg of multi-trillion dollar frauds), america will not be worth the paper the worthless Weimar dollars and worthless securities denominated in same are printed on. Non-Motek expert: markets to fall into 2010 or worse case, later. Motek experts: They discuss dismal news, for year DOW-35%, NASDAQ-42%, S&P-40%, $7-10 trillion in wealth destroyed, second-half inflation from printing worthless Weimar dollars/stagflation; another expert, consumer has collapsed, 2009 will be very tough year for autos; a real estate analyst says 2009 will be a very tough year and hopefully we’ll get through this…..riiiiight!…I don’t think so…Almost one in 10 Floridians are on food stamps Online holiday sales fall 3 percent Madoff liquidation trustee receives $28M for costs (AP) Charlotte, NC, home values post record decline (AP) Wrong Great Depression Lessons Will Haunt Equities in 2009 73,000 retailers to close in first half of 2009, Stocks Rally Bloomberg | U.S. retailers face a wave of store closings, bankruptcies and takeovers starting next month as holiday sales are shaping up to be the worst in 40 years There’s No Pain-Free Cure for Recession/Depression Schiff: Government Interference Only Makes The Problem Worse Paul Joseph Watson | Establishment talking heads still pushing useless and destructive bailout. A Ponzi Scheme Within A Ponzi Scheme Bob Chapman | Dwarfing the Madoff Ponzi scheme is the Social Security Ponzi scheme that has been looted (the iou’s) and is hopelessly insolvent. This on top of previous suckers' bear market rally into the close with 100+ point swing to the upside to keep the suckers suckered. Time for prosecutions of and disgorgement of ill-gotten multi-trillion dollar gains from the frauds on wall street; madoff is just the tip of the iceberg; all news decisively bad and worse than even dismal expectations except that the frauds on wall street continue their familiar suckers cheer for bailouts, bailouts, bailouts so SELL INTO STRENGTH/TAKE PROFITS/SELL! Motek experts: At best, bear market rally, his accounts 20-25% cash, can make bearish argument since still looking at writeoffs, government still must sell bonds to help finance bailouts, municipal bonds troublesome as iou’s might extend maturities, don’t try to catch falling knife in this market but some high quality bonds may offer value, dollar to take hit (they’re printing worthless weimar dollars like mad-hyper-inflationary); Oil expert says overshot to downside and will see turn-around in oil; U.N. Security Council condemns massacre by zionist israel. Pros Say: Employment Collapse is Coming Holiday Sales Slump to Force U.S. Store Closings, Bankruptcies Manufacturing, Home Prices Sank: U.S. Economy Preview Holiday Sales Tumble as US Consumers Reduce Luxury Purchases Bleak economic picture emerges from new data Retail Sales Plummet Holiday Sales Tumble as US Consumers Reduce Luxury Purchases Bleak economic picture emerges from new data The frauds on wall street say they are entitled to the obligatory santa claus rally and attempt to keep you suckered in for their commissions sake with small gains on bull s**t/fraud alone in holiday shortened light trading, but reality says every day the market’s above 2,000-5,000 on the DOW, 1,000-1,300 on the NASDAQ, and 500-600 on the S&P is a ‘santa clause rally, so SELL INTO STRENGTH/TAKE PROFITS/SELL as all news decisively bad and worse than even dismal expectations except that the frauds on wall street continue their familiar suckers cheer for bailouts, bailouts, bailouts, with ephemeral short-covering to lock in year-end gains for window dressing and much, much worse to come. Unemployment up more than expected at 26 year high and consumer spending down for fifth month in a row. In their typically corrupt way, scandal-scarred commerce department provides fake data for b.s. talking points far better than private economist estimates but still decline of 1% in durable goods new orders. Oil's slide came in the face of a surprise inventory draw, which suggests stronger-than-expected demand for the commodity as Department of Energy reported that oil inventories for the week ending Dec. 19 decreased by 3.10 million barrels. Analyst: One Third Of Banks To Collapse In 2009 U.S. Economy: Home Prices Fall At Depression Pace Recession/depression deepens, countries boost spending Previously, just modest losses relative to reality so SELL INTO STRENGTH/TAKE PROFITS/SELL as all news decisively bad and worse than even dismal expectations except that the frauds on wall street continue their familiar suckers cheer for bailouts, bailouts, bailouts, with much, much worse to come. Existing home sales plunged to a rate of 4.49 million last month, down 8.6 percent from October, and worse than economists predicted. Total sales, not calculated as an annual rate, fell 17 percent in November from a year earlier to 322,000, sales of newly built homes fell 2.9 percent from October to a pace of 407,000 units, the slowest rate in nearly 18 years. Madoff investor found dead of suicide. Standard & Poor's lowered the unsecured debt rating of General Motors (GM 3.01, -0.51) to C from CC, even though the government plans to provide GM with financing and Moody's lowered Ford's (F 2.19, -0.40) credit rating to Caa3. Final third quarter GDP data showed economy contracted at an annualized rate of 0.5%, unchanged from the prior reading though personal consumption component was down 3.8%. Motek’s experts: actor/speculator/entertainer/sometimes economist Ben Stein takes a page out of GM’s playbook by lambasting Fortune Magazine (you might recall some two decades ago that Fortune warned of GM managerial ineptitude to which GM responded with outrage and withdrew all advertising and revenue to Fortune thereby in retaliation - if only they had listened) for saying caleefornia is number 1, numero uno ….. as prospectively worse real estate market in the nation, the same Ben Stein who poo-pooed Peter Shiff’s correct prediction of market crash, but does correctly state fed policies hyperinflationary; LA economist jumps on the Ben Stein out-to-lunch bandwagon and says only 10%, not 25% (as consensus predicts), decline for caleefornia…..riiiiight…..take that to the bank; broad donates to MOCA; show biz expert- strike fear; and Shreve of IBD flips yet again-if only we were all traders…but if you had followed his every whim, only the frauds on wall street would have made out with substantial commissions in the ups/downs. IMF warns of Great Depression 100% chance of depression in US Depression Hits Detroit: Average home price $18,513 - Unemployment rate 21% U.S. Home Resales Fall; Prices Drop by Record 13.2% Congressman: “If We’re Not Very Lucky Or If We Don’t Do Everything Right, We Could Easily Have A Ten- Or Fifteen-Year Depression” World faces “total” financial meltdown: Bank of Spain chief Previous suckers bear market rally into the close with 150 point swing to the upside based on bull s**t and fraud in the inducement alone to keep the suckers sucked in and commission dollars flowing for modest losses relative to reality so SELL INTO STRENGTH/TAKE PROFITS/SELL as all news decisively bad and worse than even dismal expectations except that the frauds on wall street do their familiar suckers cheer for bailouts, bailouts, bailouts, with much, much worse to come. Motek’s experts:Economist says economy in full-out recession, aggregate demand down across the board, abusers are not lubrication for economy so should not get bailout, another 25% down for real estate prices as foreclosures also will continue but lower prices will eventually stimulate demand, fed focused now on long-rates, cites housing/finance/consumer debacles and no recovery till at least into 2010 at best (I don’t think so); oil expert says contract now February delivery on expiration of January contract and flood of selling on expiring contract temporarily depressed prices, oil more expensive in future, discusses boom/bust cycle (we’re in the bust part); another cites high redefault rate on modified mortgages and more foreclosures; auto analyst points to Toyota showing first loss since 1941 inception, global downturn with no nation spared, reckoning for 15-20 years of bad decision-making, 2009 very grim, 2010 at best for even minimal improvement (I don’t think so); Online e-commerce expert cites first flat to down year of online retail sales growth; downgrades GM, american Express, Ford, etc.. World faces “total” financial meltdown: Bank of Spain chief Housing crisis worsens as economy weakens Japan recession deepens, China cuts rates Great Recession/Depression of 2008, et seq., Worse Than All Others AP Impact: Wall Street still flying corporate jets; indeed, with all the bashing of auto rank and file employee pay, the reality is that american executives, among the least able, least talented in the world, along with fraudulent wall street are grossly overpaid and far exceeding that of their far more able foreign counterparts (AP) Where'd the bailout money go? Shhhh, it's a secret (AP) Housing crisis worsens as economy weakens Ratings Agencies Play Reality With Multiple Downgrades in Banking Sector (at Seeking Alpha) Previous mixed to modest losses relative to reality so sell into strength/take profits/sell as all news decisively bad and worse than even dismal expectations except that the frauds on wall street do their familiar suckers cheer for bailouts, bailouts, bailouts. Motek’s analyst/options expert predicts controlled bankruptcy for at least GM (maybe more), cites Fitch downgrade of GM’s credit/default rating and says GM within weeks of default. Oil analyst cites recession, week demand, over-supply also stating storage facilities full and resorting to offshore tankers to store excess oil. Media analyst says economic model for newspaper/media business broken. Rogers: The Incompetent Senile and Vegetables Have Turned A Recession Into A Depression He Saw the Crash Coming: What Gary Shilling Sees for 2009 Yes, Shilling’s using the d for depression word so If video unavailable, here for avi rendering SCROOGE BIDEN: ECONOMY IS 'ABSOLUTELY TANKING' Previously, recession/depression level 554,000 new unemployment claims (I’m sure in reality, far worse but still bad) pre-Christmas so wait till the post-Christmas numbers are out – nowhere to hide those but they’ll try. Motek scraping bottom of barrel for second day in a row and comes up with another land-of-fruits-and-nuts man, the senile wedbush who discusses his comrade madeoff with other peoples money, poo-poos the purported amount, says market not doing badly considering the dismal news (at least he is lucid enough to realize dismal - market should be between 2,000 to 5,000 on the DOW, 500-600 on S&P, 1,100 to 1,300 on NASDAQ based upon the dismal but real and probably far worse than reported data) and points to auto scenario, oil plunge, and madoff fraud for doldrums. Oil analyst says pressure on commodities generally, liquidation on expiration of January (2009) oil contracts and liquidation of positions, but February (2009) contracts back to $40+ rather quickly, and points to decreased current and prospective refinery capacity on thin to low margins. A Most Desperate Move by the Fed Dollar’s Slump Erases Months Of Solid Gains “The Biggest Bubble Of All . . . U.S. Government Debt” Video: Crash Will be Worse than Great Depression Editorial: What ails global financial system ‘The $50 billion investment fraud to which the respected New York financier and former NASDAQ Chairman Bernard L. Madoff has allegedly confessed, may prove to be the paradigm for all that has gone wrong with the international financial system. It points up the greed, incompetence and woeful wishful thinking that have all combined to produce economic meltdown and plunge the world into recession. Most staggering is the stupidity of both regulators (and government corruption/venality vis-à-vis wall street) and professional investors in failing to spot that for at least a decade, at the heart of his hedge fund operations, Madoff was running a pyramid scheme. This relied on new investment funds to pay out market-beating returns to existing investors…..’ THIS IS WALL STREET EVERY DAY WITH THEIR EATING AWAY AT OTHER PEOPLES MONEY TO THE TUNE OF HUNDREDS OF MILLIONS OF DOLLARS A DAY (BILLIONS A YEAR AND NOW BILLIONS IN TAXPAYER BAILOUT FUNDS FOR THEIR FRAUD) BASED ON NOTHING BUT BULL S**T AND FRAUD! U.S. Records Huge Current Account Deficit Fed unleashes greatest bubble of all Canadian Prime Minister Stephen Harper believes a depression is COMING Peter Schiff new VIDEO on the Coming Collapse Dec 16 Swiss gold bullion in huge demand as trust in banks dives Goldmine Sachs: Bank’s bonuses cut to a ‘mere’ £142,000 EACH Investment bank /taxpayer bailout funds recipient Goldman Sachs is to pay £4.3billion in bonuses to its City workers. Dollar Falls Most Against Euro Since 1999 Debut on Fed’s Rate Dollar Declines to 13-Year Low Against Yen After Fed Rate Cut Federal spending soars 25% -- even before bailout... Previous, building permits declining 15.6% to a seasonally adjusted annual rate of 616,000 (below the consensus of 700,000), housing starts data for November declined 18.9% from the prior month to an annualized rate of 625,000 units, which was below the consensus of 736,000 and are 47% below the year-ago level, fed desperation (they don’t know what they’re doing – remember their pronouncement -no recession- when we were already in one), Weimar dollar down sharply, Federal Reserve sets stage for Weimar-style Hyperinflation , etc., so sell into these suckers bear market rallies/strength/take profits while you can since much, much worse to come. Economist Brusca “the economy is sinking fast”, FOMC states that “data indicate deteriorating labor conditions and declining consumer spending, business investment, and industrial production, and the outlook for economic activity has weakened further”, F. William Engdahl “The US economy is in a depression free-fall of a scale not seen since the 1930’s”, Kellner cites ‘helicopter ben’ (bernanke), BILLIONS VANISH IN EPIC HEDGE FUND FRAUD Downturn Spurs “Survival Panic” for Some in the U.S. Motek Experts: Art Hogan more realistically candid than usual cites all bad news, very difficult times, near term lows but no recovery for economy, hope is that second half of 2009 is better than first half (NOT!), cites lost decade in Japan with 0% interest rates, negative growth through fourth quarter 2009, longest recession (depression) in modern times, market hopefully better in second half of 2009 anticipating better 2010 (NOT!), bottoming of energy/commodities, worth looking at consumer goods/staples focused on what you need versus what you want; economist points to bankruptcies up, housing starts down; Zandi of Moody’s says not getting better but worse, most credit card holders will not benefit from rate cut; currency expert says interest rate cuts increasingly irrelevant, fed buying bonds driving asset prices higher and displacing private sector with prospectively negative results; and finally, Peter Shiff cites fed action as irresponsible, destroying value of money, bear market, money not worth anything, negates any rise in paper dollar-denominated securities (SELL), says buy gold because of u.s. hyperinflation. Previous, news worse than bad and to get much worse but full moon manifest on lunatic asylum for the criminally insane wall street. More banks reveal Madoff exposure The ‘while you can’ part of sell/take profits manifests and will worsen Citadel suspends redemptions from two hedge funds Stupidity not limited to u.s. where fraud is rampant Geneva banks lost more than $4 billon to Madoff: report This modest retreat and previous suckers bearmarket rally on bull s**t alone with familiar mantra still ringing today; viz., everything but the facts: forget the layoffs Coming soon to U.S., 1 million jobs lost every month: Report , forget the foreclosures Foreclosure Storm Will Hit US in 2009 as Loan Changes Fail Bloomberg , forget declining retail sales Retail sales post big drop in November , forget the $1 trillion record budget deficit , trade deficits, worthless fraudulent securities, lower earnings/guidance/outlook, the topic (b.s. talking point) de jour for the lunatic (yes, full moon) frauds on wall street is bailouts, bailouts, bailouts (not to mention there’s no real money to pay for same – print/create more worthless Weimar dollars – hyperinflationary Federal Reserve sets stage for Weimar-style Hyperinflation – even now despite fake reports and worse to come), and from well respected wall street fraud madoff, "it's all just one big lie" and that it was "basically, a giant Ponzi scheme," which is fraudulent wall street in a nutshell. Madoff fraud case raises questions about SEC (AP) and even bigger questions about fraudulent wall street and their washingtonian/federal/state facilitators. Builders sentiment reading at 9 (anything less than 50 is negative/pessimistic). Motek’s legal expert correctly points to funds problems with meeting redemptions and paraphrases J.P. Morgan’s immortal words concerning investing by saying as is particularly relevant now, It’s not return on investment, but return of investment (that really counts). Banks hit worldwide by US 'fraud' . How are these frauds not being prosecuted and forced disgorgement and preposterously getting taxpayer dollars? Prosecute and throw them in jail and make them cough up their stolen multi-billion spoils. Not just super rich caught up in $50B Madoff case . The previous suckers bear market rally was/is based on bull s**t alone; namely, now it’s the prospective bailouts/spending programs with money that does not really exist (print/create more, borrow more, etc.). 1) Keynesian economics (government stimulus) does not work when a defacto bankrupt nation becomes more bankrupt to bailout frauds/perpetrators/creators of the problem and to create make-shift purported infrastructure jobs to enhance consumption 2) Inherent structural problems, i.e., trade/budget deficits will continue unabated and in the case of the latter, substantially increase – deeper hole 3) While spending on infrastructure is warranted, there is no productive enhancement in economic terms as in less modern times when, i.e., national highway system, etc., enhanced GDP growth and productivity. US Depression Likely -The Truth Is Here , Coming soon to U.S., 1 million jobs lost every month: Report , America Has No Means to Recover from a Depression FARRELL’S 15 GHOSTS OF WALLSTREET/ECONOMIC PAST/PRESENT/FUTURE Home values to lose well over $2 trillion during 2008: Zillow Homes in the United States have lost trillions of dollars in value during 2008, with nearly 11.7 million American households now owing more on their mortgage than their homes are worth, real estate website Zillow.com said on Monday. (Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which MUST be examined in light of computerization and decreased costs attendant to same especially since only AN EXTREMELY Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital via, ie., ipo’S), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades). Moreover, the ballooning taxpayer bailout funds for the perpetrators of the massive securities fraud are actually going toward multibillion dollar bonus/compensation packages. . How are these frauds not being prosecuted and forced disgorgement and preposterously getting taxpayer dollars? The lunatic wall street frauds’ desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc., so SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME. Renowned economist Mikhail Khazin : U.S. will soon face second “Great Depression” , IT’S A DEPRESSION , Grantham (who called the bubble) posits… 585 on the S&P 500 (versus today's frothy 879) There is more hurt in store for the U.S. equity markets. If you are still thinking of riding this one out, consider Japan. Japan's Nikkei 225 is our window into the future. From its 1990 high of 40,000 it fell as low as 7,800, an 80% drop. A similar correction in the U.S. would translate into Dow 2,500. , Billion-Dollar Fund Manager; Gold To Hit $2,000, Dow To Sink To 5,000 BILLIONS VANISH IN EPIC HEDGE FUND FRAUD All news worse than bad and to get much worse but full moon manifest on lunatic asylum for the criminally insane wall street. More banks reveal Madoff exposure The ‘while you can’ part of sell/take profits manifests and will worsen Citadel suspends redemptions from two hedge funds Stupidity not limited to u.s. where fraud is rampant Geneva banks lost more than $4 billon to Madoff: report This modest retreat and previous suckers bearmarket rally on bull s**t alone with familiar mantra still ringing today; viz., everything but the facts: forget the layoffs Coming soon to U.S., 1 million jobs lost every month: Report , forget the foreclosures Foreclosure Storm Will Hit US in 2009 as Loan Changes Fail Bloomberg , forget declining retail sales Retail sales post big drop in November , forget the $1 trillion record budget deficit , trade deficits, worthless fraudulent securities, lower earnings/guidance/outlook, the topic (b.s. talking point) de jour for the lunatic (yes, full moon) frauds on wall street is bailouts, bailouts, bailouts (not to mention there’s no real money to pay for same – print/create more worthless Weimar dollars – hyperinflationary – even now despite fake reports and worse to come), and from well respected wall street fraud madoff, "it's all just one big lie" and that it was "basically, a giant Ponzi scheme," which is fraudulent wall street in a nutshell. Madoff fraud case raises questions about SEC (AP) and even bigger questions about fraudulent wall street and their washingtonian/federal/state facilitators. Builders sentiment reading at 9 (anything less than 50 is negative/pessimistic). Motek’s legal expert correctly points to funds problems with meeting redemptions and paraphrases J.P. Morgan’s immortal words concerning investing by saying as is particularly relevant now, It’s not return on investment, but return of investment (that really counts). Banks hit worldwide by US 'fraud' . How are these frauds not being prosecuted and forced disgorgement and preposterously getting taxpayer dollars? Prosecute and throw them in jail and make them cough up their stolen multi-billion spoils. Not just super rich caught up in $50B Madoff case . The previous suckers bear market rally was/is based on bull s**t alone; namely, now it’s the prospective bailouts/spending programs with money that does not really exist (print/create more, borrow more, etc.). 1) Keynesian economics (government stimulus) does not work when a defacto bankrupt nation becomes more bankrupt to bailout frauds/perpetrators/creators of the problem and to create make-shift purported infrastructure jobs to enhance consumption 2) Inherent structural problems, i.e., trade/budget deficits will continue unabated and in the case of the latter, substantially increase – deeper hole 3) While spending on infrastructure is warranted, there is no productive enhancement in economic terms as in less modern times when, i.e., national highway system, etc., enhanced GDP growth and productivity. US Depression Likely -The Truth Is Here , Coming soon to U.S., 1 million jobs lost every month: Report , America Has No Means to Recover from a Depression FARRELL’S 15 GHOSTS OF WALLSTREET/ECONOMIC PAST/PRESENT/FUTURE Home values to lose well over $2 trillion during 2008: Zillow Homes in the United States have lost trillions of dollars in value during 2008, with nearly 11.7 million American households now owing more on their mortgage than their homes are worth, real estate website Zillow.com said on Monday. (Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which MUST be examined in light of computerization and decreased costs attendant to same especially since only AN EXTREMELY Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital via, ie., ipo’S), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades). Moreover, the ballooning taxpayer bailout funds for the perpetrators of the massive securities fraud are actually going toward multibillion dollar bonus/compensation packages. . How are these frauds not being prosecuted and forced disgorgement and preposterously getting taxpayer dollars? The lunatic wall street frauds’ desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc., so SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME. Renowned economist Mikhail Khazin : U.S. will soon face second “Great Depression” , IT’S A DEPRESSION , Grantham (who called the bubble) posits… 585 on the S&P 500 (versus today's frothy 879) There is more hurt in store for the U.S. equity markets. If you are still thinking of riding this one out, consider Japan. Japan's Nikkei 225 is our window into the future. From its 1990 high of 40,000 it fell as low as 7,800, an 80% drop. A similar correction in the U.S. would translate into Dow 2,500. , Billion-Dollar Fund Manager; Gold To Hit $2,000, Dow To Sink To 5,000 Previous session, modest decline relative to reality so still great opportunity to sell/take profits since much, much worse to come! All news decisively bad and much worse than expected with trade deficit up 1.1%, dollar down, unemployment claims up 573,000 a 26 year high, 28% increase in foreclosures, bailout recipient BofA to cut 35,000 jobs, many other prospective job cuts announced, economic group changes previous forecast to worse/long recession, Bernard Madoff arrested over alleged $50 billion fraud Madoff told senior employees of his firm on Wednesday that "it's all just one big lie" and that it was basically, a giant Ponzi scheme (the fraudulent wall street story in a nutshell) , BANK OF AMERICA to cut 35,000 jobs... , ...final could be higher , Shocking but true claim: Most big banks 'bankrupt'... , New unemployment claims surge unexpectedly , Ron Paul: Printing Money Only Prolongs The Pain Amidst the hand-wringing of the automaker bailout debate, Ron Paul took the opportunity on the House floor yesterday to remind Congress that the real culprit behind the financial crisis is the Federal Reserve, and that allowing the Fed to continue to print money without audit will only prolong the pain. , US budget deficit to reach USD 1 trillion , Jim Rogers calls most big U.S. banks “bankrupt” Jim Rogers, one of the world’s most prominent international investors, on Thursday called most of the largest U.S. banks “totally bankrupt,” and said government efforts to fix the sector are wrongheaded. CORRECTED - CORRECTED-(OFFICIAL)-UPDATE - Wells Fargo to take $40 bln Q4 charge , German FM criticises Britain’s ‘crass Keynesian’ policies: report and read again previous session, forget the layoffs Coming soon to U.S., 1 million jobs lost every month: Report , forget the foreclosures Foreclosure Storm Will Hit US in 2009 as Loan Changes Fail Bloomberg , forget declining retail sales Retail sales post big drop in November , forget the $1 trillion record budget deficit , trade deficits, worthless fraudulent securities, lower earnings/guidance/outlook, the topic (b.s. talking point) de jour for the lunatic (yes, full moon) frauds on wall street is bailouts, bailouts, bailouts (not to mention there’s no real money to pay for same – print/create more worthless Weimar dollars – hyperinflationary – even now despite fake reports and worse to come) , suckers bear market ralley to keep the suckers sucked in so great opportunity to sell/take profits since much, much worse to come! This suckers bear market rally is based on bull s**t alone; namely, now the prospective bailouts/spending programs with money that does not really exist (print/create more, borrow more, etc.). 1) Keynesian economics (government stimulus) does not work when a defacto bankrupt nation becomes more bankrupt to bailout frauds/perpetrators/creators of the problem and to create make-shift purported infrastructure jobs to enhance consumption 2) Inherent structural problems, i.e., trade/budget deficits will continue unabated and in the case of the latter, substantially increase – deeper hole 3) While spending on infrastructure is warranted, there is no productive enhancement in economic terms as in less modern times when, i.e., national highway system, etc., enhanced GDP growth and productivity. US Depression Likely -The Truth Is Here , Coming soon to U.S., 1 million jobs lost every month: Report , America Has No Means to Recover from a Depression (Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which MUST be examined in light of computerization and decreased costs attendant to same especially since only AN EXTREMELY Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital via, ie., ipo’S), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades). Moreover, the ballooning taxpayer bailout funds for the perpetrators of the massive securities fraud are actually going toward multibillion dollar bonus/compensation packages. . How are these frauds not being prosecuted and forced disgorgement and preposterously getting taxpayer dollars? The lunatic wall street frauds’ desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc., so SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME. Renowned economist Mikhail Khazin : U.S. will soon face second “Great Depression” , IT’S A DEPRESSION , Grantham (who called the bubble) posits… 585 on the S&P 500 (versus today's frothy 848) There is more hurt in store for the U.S. equity markets. If you are still thinking of riding this one out, consider Japan. Japan's Nikkei 225 is our window into the future. From its 1990 high of 40,000 it fell as low as 7,800, an 80% drop. A similar correction in the U.S. would translate into Dow 2,500. , Billion-Dollar Fund Manager; Gold To Hit $2,000, Dow To Sink To 5,000 Previous, modest decline relative to reality so still great time to sell/take profits since much, much worse to come. Wall Street stung by risk-aversion and realistically bleak outlooks , Point of no return: Interest on T-bills hits zero , Tightening Budgets Mean a Rough Ride for IT , FIRST TIME: Treasury Bills Trade at Negative Rates... . Previous, suckers bear market rally based on bull s**t alone; namely, now the prospective bailouts/spending programs with money that does not really exist (print/create more, borrow more, etc.). 1) Keynesian economics (government stimulus) does not work when a defacto bankrupt nation becomes more bankrupt to bailout frauds/perpetrators/creators of the problem and to create make-shift purported infrastructure jobs to enhance consumption 2) Inherent structural problems, i.e., trade/budget deficits will continue unabated and in the case of the latter, substantially increase – deeper hole 3) While spending on infrastructure is warranted, there is no productive enhancement in economic terms as in less modern times when, i.e., national highway system, etc., enhanced GDP growth and productivity. US Depression Likely -The Truth Is Here , Coming soon to U.S., 1 million jobs lost every month: Report , America Has No Means to Recover from a Depression (Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which MUST be examined in light of computerization and decreased costs attendant to same especially since only AN EXTREMELY Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital via, ie., ipo’S), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades). Moreover, the ballooning taxpayer bailout funds for the perpetrators of the massive securities fraud are actually going toward multibillion dollar bonus/compensation packages. . How are these frauds not being prosecuted and forced disgorgement and preposterously getting taxpayer dollars? The lunatic wall street frauds’ desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc., so SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME. Renowned economist Mikhail Khazin : U.S. will soon face second “Great Depression” , IT’S A DEPRESSION , Grantham (who called the bubble) posits… 585 on the S&P 500 (versus today's frothy 848) There is more hurt in store for the U.S. equity markets. If you are still thinking of riding this one out, consider Japan. Japan's Nikkei 225 is our window into the future. From its 1990 high of 40,000 it fell as low as 7,800, an 80% drop. A similar correction in the U.S. would translate into Dow 2,500. , Billion-Dollar Fund Manager; Gold To Hit $2,000, Dow To Sink To 5,000 Previous suckers’ bear market rally on far worse than expected and particularly significant bad news provides great opportunity to sell/take profits, especially considering fraudulent wall street’s previous modus operandi to keep suckers sucked into this market and their commission dollars flowing, suckers’ rallies into the close, reassuring rallies prior to weekends as this despite unexpectedly bad news as today, etc., which frauds perpetrated the yet unprosecuted crimes that have created this current financial debacle. Record 1.33 homes in foreclosure,15 year high for unemployment at 6.7% even as many no longer looking with things so depressed and worse to come in ’09, record level deficits both trade and particularly budget with money not there being spent with abandon (worthless Weimar dollars being printed created like mad which is and will continue to be hyperinflationary regardless of the current fake reports). Motek has actor/speculator/entertainer/sometimes economist Ben Stein points to loans in foreclosure hitting new records, paulson misconduct, lack of oversight/accontability in bailout funds, and the seriousness of the crisis, but his pointed barbs seem fleeting and is most memorable by his somewhat blind adherence to policy as indicated by his criticism of Peter Shiff for warning of this debacle years ago. Motek’s oil analyst says economy so bad that oil demand down, significant recession in 2009, and hedge funds liquidating positions putting pressure on oil prices. Finally, Motek elicits from Peter Shiff that jobs created are being destroyed as fast, phony jobs, bear market and government making worse by digging deeper hole, phony (worthless Weimar) dollar rally provides opportunity to get out with hyperinflation to come. GREAT OPPORTUNITY TO SELL INTO THIS SUCKERS’ BEAR MARKET RALLY/STRENGTH/TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME. 3 Tell Tale Signs Of This Sucker Rally , Half-million jobs vanish as economy deteriorates (AP) , Job losses worst since 1974 Employers cut 533K jobs in Nov., most in 34 years , Late mortgage payments and foreclosures hit record , 1 in 10 homeowners behind on mortgage payments, or in foreclosure... , Wall St financiers party like there's no tomorrow -- literally WHERE ARE THE CRIMINAL PROSECUTIONS AND DISGORGEMENT? It’s been wall street frauds’ nirvana (commissioning a huge decline then a huge incline) at just a program loop, button push, mouse click away. Previous session, modest declines relative to reality SO STILL GREAT OPPORTUNITY TO SELL INTO SUCKERS’ BEAR MARKET RALLIES/STRENGTH/TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME. CELENTE OF trendsresearch.com, having predicted the Panic of 2008 now preparing current prognostications for 2009 which will bear the consequential follow-up title to the Panic of 2008; namely, The Collapse of 2009, further stating there’s nothing they’ve done or prospectively can do to avoid the complete economic/financial collapse in the u.s., the seeds for which have already been sown, good money after bad notwithstanding, the die having been cast. All business/financial/economic news decisively bad; 26 year high for jobless rolls, orders to factories down sharply, job cuts current and prospective up sharply. Motek expert comments on auto bailout saying no new concesions with UAW cuts merely cosmetic, just down payment on failed business model/scenario, bankruptcy necessary as costs too high, and on economy says nation to go deeper into recession owing to intactable structural problems; i.e., deficits, etc.. Another Motek expert says very negative economic environment, sees deepening of more prolonged recession, discusses risk tolerance in such an environment recommending highest quality debt instruments but does note risk premium in lesser quality instruments. Food stamp use up 17% to 1 in 10 citizens, bankruptcies soaring, and re-default rates on mortgages rising. Employers shedding jobs as recession deepens , AP IMPACT: Some bailout holdings down $9 billion , Governments brace for long crisis ahead , High inventory is killing home builders; industry asks for help , It's Not a Great Time to Get Into Stocks , Long Term Investors Should Avoid Leveraged ETFs , Fixing the Enron Economy , US FEDERAL RESERVE to buy US DEBT? WITH WHAT? , Prepare For Depression Level Unemployment , Record number of Americans using food stamps: report , Whether We End Up Paying For It Through Taxes Or Hyperinflation, It Will Still Come Out Of Our Pockets , Corporate Debt Protection Costs Climb Amid Depression Concern , Shoppers ready to call it quits MarketWatch | More than one-third of consumers chose not to shop at all last month, except on Black Friday, according to Britt Beemer of America’s Research Group. Lawsuit claims Citigroup was running a “quasi-Ponzi scheme” Bloomberg | Citigroup Inc., the second-biggest U.S. bank by assets, was accused in a lawsuit of repackaging unmarketable collateralized debt obligations it held and re-selling them to itself in order to hide its exposure to the securities. WHERE ARE THE CRIMINAL PROSECUTIONS AND DISGORGEMENT? Previously, suckers’ bear market rally into the close on bad news with wall street frauds’ nirvana (commissioning a huge decline then a huge incline) at just a program loop, button push, mouse click away. Indeed, all news still realistically and decisively (and some deceptively otherwise spun to keep suckers suckered) bad: A Bleak Outlook: Nov. Job Loss at 250,000, Economic Weakness , US, China currency clash over worthless american currency..., 61% oppose auto bailout , Meredith Whitney Sees Plenty of Pain Ahead for Consumers (at BusinessWeek) , Desperate Times, Desperate Policies ) . One non-Motek expert says these suckers’ bear market rallies on bad news are at best wishful thinking and not sustainable along with realistically dire outlook. Motek expert says market for speculators/traders and points to volatility index while failing to point out that there are very, very few successful traders. [Close inspection of the data in past times far better than now (now we see insurmountable trade/budget deficits, lack of manufacturing base, global antipathy, etc.) disavows such heavily promoted failed strategies as dollar-cost averaging where stocks prices remain artificially (now fraudulently) high for far longer periods of time than lower prices (MBA Thesis, Albert L. Peia, NYU GBA, 1977), limited exceptions being ie., dollar-cost averaging in declining markets, but only when analysis indicates under-valuation in prospective terms which is certainly isn’t the case now of rampant over-valuation/fraud]. (Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which MUST be examined in light of computerization and decreased costs attendant to same especially since only AN EXTREMELY Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital via, ie., ipo’S), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades). Moreover, the ballooning taxpayer bailout funds for the perpetrators of the massive securities fraud are actually going toward multibillion dollar bonus/compensation packages. . How are these frauds not being prosecuted and forced disgorgement and preposterously getting taxpayer dollars? The lunatic wall street frauds’ desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc., so SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME. Renowned economist Mikhail Khazin : U.S. will soon face second “Great Depression” , IT’S A DEPRESSION , Grantham (who called the bubble) posits… 585 on the S&P 500 (versus today's frothy 848) There is more hurt in store for the U.S. equity markets. If you are still thinking of riding this one out, consider Japan. Japan's Nikkei 225 is our window into the future. From its 1990 high of 40,000 it fell as low as 7,800, an 80% drop. A similar correction in the U.S. would translate into Dow 2,500. , Billion-Dollar Fund Manager; Gold To Hit $2,000, Dow To Sink To 5,000 , Auditors Fault Oversight of Bailout Funds...Previous suckers’ bear market rally in the last minutes of the close on bad news with wall street frauds’ nirvana (commissioning a huge decline then a huge incline) at just a program loop, button push, mouse click away. Indeed, all news still realistically and decisively (and some deceptively otherwise spun to keep suckers suckered) bad: GE lowers guidance but maintains dividend , November US auto sales drop to 26-year low , Data signal deep global downturn Financial Times , US manufacturing hits 26-year low: ISM . How are these frauds not being prosecuted and forced disgorgement and preposterously getting taxpayer dollars? The lunatic wall street frauds’ desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc., so SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME. Renowned economist Mikhail Khazin : U.S. will soon face second “Great Depression” , IT’S A DEPRESSION , Grantham (who called the bubble) posits… 585 on the S&P 500 (versus today's frothy 848) There is more hurt in store for the U.S. equity markets. If you are still thinking of riding this one out, consider Japan. Japan's Nikkei 225 is our window into the future. From its 1990 high of 40,000 it fell as low as 7,800, an 80% drop. A similar correction in the U.S. would translate into Dow 2,500. , Billion-Dollar Fund Manager; Gold To Hit $2,000, Dow To Sink To 5,000 , Auditors Fault Oversight of Bailout Funds... , Governors to Seek Up to $100B in Social Aid... ,
Feds to expand rescue; reviewing applications from 'hundreds of banks'...
FDIC head: Gov't plan needs 'exit strategy'... , Metal prices fall further than during Great Depression... , they’re printing and spending worthless Weimar dollars and taxpayer funds like mad because they are mad as in crazy, incompetent, etc.. Previous session sees modest drop relative to reality [SO SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME], particularly when you factor in the reality that the prior 5 day rally of 1,300 points into the last trading week of the month (much like the end of the prior month) based on bull s**t alone was a typical fraudulent wall street programmed trade fraud to window dress the monthly numbers and keep suckers sucked in (and besides, they’ll get their commissions again on the way down). Upon the formal announcement that we’ve been in recession since DECEMBER, 2007 I was waiting for Amy Poehler of SNL Weekend Update to say, “REALLY!” [this site has reported/predicted this (these) debacle (s) for far longer and in advance of same, including this recession/depression]. The protracted reluctance (election year expedience) for some to use the R(ecession) word, spun in the most positive way is to say it is because this scenario is far worse than even would befit the D(epression) word in light of the fact that the u.s. like never before in its relatively short history is broke in every way. If you’ve been suckered, it’s not all your fault inasmuch as the enablers (politicians, economists, financial experts, news/media, etc., in receipt of substantial largesse from and) of these vegetable garden (poison ivy league schools, these “elite” clubs/frats, etc.) products (vegetables who not only have never done anything requiring skills or measurable results, but merely are master bull s**t artists and as in the case of wall street, criminal frauds) are similarly incompetent, corrupt/venal. After all, how are these frauds not being prosecuted and forced disgorgement and preposterously getting taxpayer dollars? The lunatic wall street frauds’ desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved; and hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc.. Motek’s expert cites retail liquidation prices (none to minimal profits, at best), inevitable GM bankruptcy, fed programs done with money out the door to little or no effect and now talking new programs…riiiiight…or, with rate at 1%, more rate cuts…riiiiight, big shake-out to come, credit-card co’s to pull back $2 trillion to survive what’s coming, retailers with big real estate exposure bust, and market will test lows then break through said lows to the downside. There was in addition to the ‘recession’ announcement more dismal news with construction down 1.2% and the supply/management manufacturing index at 26 year lows. I derive no pleasure in being a harbinger of bad but true news but reiterate SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU CAN AS THESE ARE STILL GREAT OPPORTUNITIES TO SELL/TAKE PROFITS SINCE MUCH, MUCH WORSE TO COME. Renowned economist Mikhail Khazin : U.S. will soon face second “Great Depression” , IT’S A DEPRESSION , Grantham (who called the bubble) posits… 585 on the S&P 500 (versus today's frothy 816) There is more hurt in store for the U.S. equity markets. If you are still thinking of riding this one out, consider Japan. Japan's Nikkei 225 is our window into the future. From its 1990 high of 40,000 it fell as low as 7,800, an 80% drop. A similar correction in the U.S. would translate into Dow 2,500. , Billion-Dollar Fund Manager; Gold To Hit $2,000, Dow To Sink To 5,000 Dow plunges on news recession began in Dec. 2007 (AP) , Down we go again: Fourth-worst drop ever for Dow , Recession declared; Wall Street tanks , Fourth-worst drop ever for Dow AP… as wall street snapped out of its daydream of a rally and once again faced the harsh reality… Report Concludes Recession Began A Year Ago | But the White House and the corporate media consistently continued to state otherwise. Previous session, this suckers’ bear market ralley remains an especially great opportunity to sell/take profits while you still can since much, much worse to come (sell into purported strength which is just more bull s**t for prospective churn and earn fraud – they’ll get those commissions again on the way down) IMF economist says worst of crisis to come: paper 'Crisis Only Just Beginning': Crisis/Video Right About the Crash, Peter Schiff Sees Much More Pain Ahead and this suckers’ bear market rally was based upon nothing related factually to finance/economics/business. How are these frauds not being prosecuted and forced disgorgement and preposterously getting taxpayer dollars? The lunatic wall street frauds’ desperation linked to their substantial crimes and booty which must be disgorged through prosecution, none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved and hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc., SO SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU CAN AS THIS IS AS GREAT AN OPPORTUNITY TO SELL/TAKE PROFITS AS YOU WILL SEE SINCE MUCH, MUCH WORSE TO COME. Indeed, all news still realistically and decisively (and some deceptively otherwise spun to keep suckers suckered) bad: SO SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU CAN AS THIS IS AS GREAT AN OPPORTUNITY TO SELL/TAKE PROFITS AS YOU WILL SEE SINCE MUCH, MUCH WORSE TO COME. IMF economist says worst of crisis to come: paper . Indeed, all news still realistically and decisively (and some deceptively otherwise spun to keep suckers suckered) bad: Biggest runnup in stock prices since 1932 and most know what happened to stock prices for over a decade thereafter (and america was not broke in every way as now), Ghost malls cropping up with retail closures/bankruptcies, as predicted by trendsresearch.com [CELENTE CORRECTLY PREDICTS REVOLUTION, FOOD RIOTS, TAX REBELLIONS BY 2012 Paul Joseph Watson | Trend forecaster, renowned for being accurate in the past, says that America will cease to be a developed nation within 4 years, crisis will be “worse than the great depression.”] , Motek expert from the land of fruits and nuts, the senile wedbush (if you had listened to his prior prognostications/recommendations several months ago said suckers might be wiped out by this day) lauds the bailouts (money u.s. doesn’t really have and taxpayer money the frauds shouldn’t get) and the b.s. talking points thereby but says workout much longer, while retail expert points to liquidation prices (but fails to even mention lack of profits thereby), and poverty now spreading to suburbs. Financial Disaster Will Lead to Civil Disorder in 2009 or 2010, Says Secret Citibank Memo An internal memo from a top Citibank analyst reveals what the banks really think about the global financial situation, and the outlook is grim. Citigroup Should Be Held Accountable Bloomberg Food Prices Will Rise, Causing Export Bans, Riots Bloomberg Rubin Clones and Other Fakers: The Obama “Dream Team” Citigroup says gold could rise above $2,000 next year as world unravels US debt triggered global crisis ‘Encouraged by a wicked wizard, Greenspan, Bernanke toils at his Weimar dollar printing press’ . Consumer spending down (-1%), consumer sentiment down, durable goods orders down (-6%), home sales/prices down to new lows and high supplies, yet suckers’ bear market market rally of 400+ points into the close nostalgically based (which got investors burned in the past) on bull s**t alone (i.e., more bureaucrats on more painels as per President-elect, etc.) and the so-called thanksgiving holiday rally. $600 billion plan to support housing lending ultimately hyperinflationary. New unemployment claims at recession level 529,000 for the week ended Nov. 22 yet unbelievably lower than private economist estimates. October durable goods orders plunged by a larger-than-expected amount, Chicago manufacturing in November contracted the most since 1982 according to a regional survey, and consumer confidence dropped to a 28 year low in November, according to the University of Michigan. One Motek expert in a nearly senile market moment cites pleasant market surprise (reality dictates otherwise) but in a lucid moment concedes lengthy period to work out (substantial) problems, while another expert (currencies) cautions the unintended consequences of creating/printing/flooding the markets with worthless (Weimar) dollars (a policy choice of inflation over fear of deflation) and the dollar devaluation and ultimately hyperinflationary effects thereof. FDIC Troubled Bank List Grows to 46% - Is Your Bank Safe? (at Seeking Alpha) , Consumers cut spending , Stocks on win streak amid more bad economic news , Cisco plans 4-day shutdown to cut costs , October home sales fall sharply (Reuters) . The lunatic wall street frauds’ desperation linked to their substantial crimes and booty which must be disgorged through prosecution, none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved and hence, virtually all problems remain, will continue to remain, and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc., SO GREAT OPPORTUNITY TO SELL/TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME. Federal deficit could hit $1 trillion this year , FDIC's list of 'problem' banks swells to 171 (AP) , Dollar falls on realistically discouraging u.s. economic data (AP) , Third quarter real GDP was revised to a 0.5% annual rate of decline from a previously reported 0.3% rate which had rallied stocks and, only in the fraudulent world of wall street, rallied stocks again though worse than expected Economy shrinks at fastest pace in seven years, Third quarter personal consumption expenditures were revised to a worse than expected -3.7% from -3.1%, which rallied stocks ….. riiiiight! , Consumer confidence remains at an extremely depressed state despite fake numbers ,The S&P/Case-Shiller Home Price Index of 20 US cities fell 17.4% year over year — most on record. 'Crisis Only Just Beginning': Crisis/Video Right About the Crash, Peter Schiff Sees More Pain Ahead Crisis Only Just Beginning': Right About the Crash, Peter Schiff Sees Much More Pain Ahead VIDEO Previously, from the outset the wall street frauds were again determined to keep the suckers suckered with a near 500 point rally into the close. Existing home sales down 3.1% and much worse than expected. Motek’s expert Peter Shiff correctly points out that the so-called policy-makers, economists, etc., don’t know what they’re doing, that they can’t borrow (or print worthless Weimar dollars) and spend (money they don’t have) their way out of this debacle, that the bailout funds are merely providing undue bonuses/compensation for failed (and fraudulent) performance, that crisis will be exascerbated with (unavoidable) hyperinflation (inevitable thereby owing to crashing/worthless Weimar dollar) and ultimately even deeper/worse/more protracted economic decline, that auto industry is over-paid (especially relative to competition, legacy/pension costs, etc.), and importantly, the government has no money so they either have to borrow or print same which will make the economy much worse. Cost of Bankster Bait and Switch Now $7.4 Trillion Another expert says quick bankruptcies would have been the preferred course for optimal results, while another emphasizes quite correctly that the so-called experts/team now cheered (wall street frauds’ b.s. talking/rallying point) are those whose experience is having created the very problems they are now called upon to solve (hence, cover-ups, etc., but ineffectual). [Good management dictates that a clean sweep was warranted]. Realize that the products of the vegetable gardens (the poison ivy league schools producing these vegetables) are vegetables who not only have never done anything requiring skills or measurable results, but merely are master bull s**t artists and in the case of wall street, criminal frauds enabled thereby. Downey Savings taken over by regulators [ Colossal Financial Collapse: The Truth behind the Citigroup Bank “Nationalization” ] over the weekend. Obama’s Economic Foxes To Guard Financial Henhouse Today President elect Obama officially introduces his economic team to the world. What many may fail to recognize however is the fact that those tasked with rescuing the economy are the very people who helped create the financial crisis in the first instance. CELENTE CORRECTLY PREDICTS REVOLUTION, FOOD RIOTS, TAX REBELLIONS BY 2012 Paul Joseph Watson | Trend forecaster, renowned for being accurate in the past, says that America will cease to be a developed nation within 4 years, crisis will be “worse than the great depression.” Budget deficit hits record; jobless claims surge Foreclosure rates up 25 percent year-over-year Banking crisis claims more u.s. victims How are these frauds not being prosecuted and forced disgorgement and preposterously getting taxpayer dollars? The lunatic wall street frauds’ desperation linked to their substantial crimes and booty which must be disgorged through prosecution, none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved and hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc., SO SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU CAN AS THIS IS AS GREAT AN OPPORTUNITY TO SELL/TAKE PROFITS AS YOU WILL SEE SINCE MUCH, MUCH WORSE TO COME. IMF economist says worst of crisis to come: paper . Previous, suckers’ bear market rally was based upon nothing whatsoever relevant to finance/economics/business , yet again the wall street frauds were determined to keep the suckers suckered through the weekend with a near 600 point rally into the close. All news was decisively bad Federal regulators shut 2 California thrifts and though looking for a reason to rally, they found none because there are none HU: World economic situation 'grim'... , based on valuation and prospective substantial deterioration in economic conditions exascerbated by their massive fraud; but the invented reason for the suckers’ rally was the appointment of Geithner, a quintessential bureaucrat ultimately dependant upon other bureaucrats who are dependant upon the very corrupt monied interests/frauds (and their lobbyists) who created (through their crimes) the current financial crisis. Moreover, as head of the N.Y. Fed he is no stranger to cover-ups/bailouts in light of the missing/unaccounted for $4+ TRILLION at the N.Y. Fed $4 trillion plus is missing through U.S. federal agency accounts managed by the NY Fed. Renowned economist Mikhail Khazin : U.S. will soon face second “Great Depression” , Grantham (who called the bubble) posits… 585 on the S&P 500 (versus today's frothy 852) There is more hurt in store for the U.S. equity markets. If you are still thinking of riding this one out, consider Japan. Japan's Nikkei 225 is our window into the future. From its 1990 high of 40,000 it fell as low as 7,800, an 80% drop. A similar correction in the U.S. would translate into Dow 2,500. , Billion-Dollar Fund Manager; Gold To Hit $2,000, Dow To Sink To 5,000 The lunatic wall street frauds’ desperation linked to their substantial crimes and booty which must be disgorged through prosecution, none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved and hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc., so great opportunity to sell/take profits while you can since much, much worse to come. Leading economic indicators fall again a more than expected .8%, new claims for unemployment a high more than expected 542,000 while continuing claims at 4,000,000 a 16 year high and more than expected, Philly Fed Index down to a worse than expected –39. Jobless Claims Hit 16-Year High, Above Forecast Congress extends jobless benefits; stocks fall 400 World stocks down amid reality of deep recession (AP) CELENTE CORRECTLY PREDICTS REVOLUTION, FOOD RIOTS, TAX REBELLIONS BY 2012 Paul Joseph Watson | Trend forecaster, renowned for being accurate in the past, says that America will cease to be a developed nation within 4 years, crisis will be “worse than the great depression.” Budget deficit hits record; jobless claims surge Foreclosure rates up 25 percent year-over-year Banking crisis claims more u.s. victims How are these frauds not being prosecuted and forced disgorgement and preposterously getting taxpayer dollars? The lunatic wall street frauds’ desperation linked to their substantial crimes and booty which must be disgorged through prosecution, none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved so sell into rallies/strength/take profits while you can since much, much worse to come. Previous session, modest losses relative to reality to keep the suckers’ suckered especially in light of grim economic/business/financial news so still great opportunity to sell/take profits while you can since much, much worse to come. Housing starts down a record 38%, building permits down 14.5%, and outlook grim. Motek’s expert discusses 30 reasons for Great Depression 2 by 2011 citing completion of first wave of the meltdown-dot.com bust, second wave-sub-prime debacle, and the on-going climactic financial/economic meltdown pointing to the 42,000 lobbyists, autos, etc., saying they just don’t get it, while another expert analyst says new lows across the board having broken through support levels. Motek’s p.r. expert says auto execs flying to d.c. in private jets to beg for taxpayer money bespeaks their stupidity, and his travel expert discusses the newly value-conscious consumer. Fed sharply lowers forecasts, hints of rate cut which ploy previously sparked b.s. suckers’ bear market rallies based upon nothing at all but reality says with only a point to zero and much worse to come is just plain b**l s**t . Deflation: Here, Now I’ve been warning of deflation for some time. Specifically, I predicted 1 1/2 to 2 years of deflation, followed by hyperinflation. Well, deflation is here.“Slush fund” … “Banana Republic” … “Keystone Kops.” Technical Economic Indicators Worsening Again Deflation: Here, Now I’ve been warning of deflation for some time. Specifically, I predicted 1 1/2 to 2 years of deflation, followed by hyperinflation Previous suckers’ bear market rally into the close with 300+ point swing to the upside [wall street frauds’ nirvana commissioning a huge decline then a huge incline just a program loop, button push, mouse click away] into the close to keep the suckers suckered as the lunatic wall street frauds’ desperation linked to their substantial crimes and booty which must be disgorged through prosecution, none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved and hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc., so great opportunity to sell/take profits while you can since much, much worse to come. Homebuilder reality-based sentiment index plunges to record low Economy so bad commodity prices plunge along with PPI. Grantham (who called the bubble) posits… 585 on the S&P 500 (versus today's frothy 859) There is more hurt in store for the U.S. equity markets. If you are still thinking of riding this one out, consider Japan. Japan's Nikkei 225 is our window into the future. From its 1990 high of 40,000 it fell as low as 7,800, an 80% drop. A similar correction in the U.S. would translate into Dow 2,500. , Forecasters: U.S. in at least, unrealistically optimistically, minimum 14 month recession The Great Depression of the 21st Century: Collapse of the Real Economy “The Dollar Standard Is Coming To An End” Financial Crisis Tab Already In The Trillions... Busted in Washington Housing starts expected to hit half-century low Washington is Powerless to Stop the Coming Economic Depression Whitehead sees slump worse than Depression Dollar’s Days Numbered, Buy Commodities: Jim Rogers America’s economic crisis is beyond the reach of traditional solutions U.S. Retail Sales Drop in October by Most on Record . (Banker Bailout Costs $5 Trillion So Far ), (Analysts Predict Hyper-Inflation To Push Gold To $2000, Oil to $300 Within Months ), (Soros says deep recession inevitable, depression likely ), CELENTE CORRECTLY PREDICTS REVOLUTION, FOOD RIOTS, TAX REBELLIONS BY 2012 Paul Joseph Watson | Trend forecaster, renowned for being accurate in the past, says that America will cease to be a developed nation within 4 years, crisis will be “worse than the great depression.” Budget deficit hits record; jobless claims surge Foreclosure rates up 25 percent year-over-year Banking crisis claims more u.s. victims How are these frauds not being prosecuted and forced disgorgement and preposterously getting taxpayer dollars? The lunatic wall street frauds’ desperation linked to their substantial crimes and booty which must be disgorged through prosecution, none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved so sell into rallies/strength/take profits while you can since much, much worse to come. 53,000 layoffs from Citigroup, and many more announced and may more to come from a multitude of companies to yield predicted 8-10% unemployment (conservative-some higher). Motek in a somewhat philosophical mood cites blue chips as cow chips (cow pies, manure, etc.), while his expert joins the metaphysical fray quoting ‘to save man from his folly is to people the world with fools’ and goes on to say everything looking bad, things are not good, how long the deep recession-don’t know, not there yet; while another expert says things have gone from bad to worse. Indeed, one expert says US To Lose Its ‘AAA’ Rating/face default/bankruptcy, while Motek’s expert says market poised to test new lows, points to uncertainty regarding bailout equivocation/changes and talks up, in a somewhat borderline senile fashion, some beaten down stocks on theory government will bail them out…riiiiight! Another Motek expert, actor/speculator/economist Ben Stein says hanky panky Paulsen perjured himself before congress and should be prosecuted, points to incompetence regarding bailout saying couldn’t have been handled worse and not mentally up to it. One Aspect of the Massive (Securities) Fraud/Fraudulent Wealth Transfer is Aptly Described/Illustrated in this Comment, [how are these frauds not being prosecuted and forced disgorgement and preposterously getting taxpayer dollars? The lunatic wall street frauds’ desperation linked to their substantial crimes and booty which must be disgorged through prosecution, none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved], Renowned economist Mikhail Khazin : U.S. will soon face second “Great Depression” , Grantham (who called the bubble) posits… 585 on the S&P 500 (versus today's frothy 852) There is more hurt in store for the U.S. equity markets. If you are still thinking of riding this one out, consider Japan. Japan's Nikkei 225 is our window into the future. From its 1990 high of 40,000 it fell as low as 7,800, an 80% drop. A similar correction in the U.S. would translate into Dow 2,500. , Billion-Dollar Fund Manager; Gold To Hit $2,000, Dow To Sink To 5,000 The immortal words of J.P.Morgan remain apposite as ’ it is not so much the return on the money as it is the return of the money’ , so sell/take profits while you can and preserve capital. Previously modest losses relative to reality with rally/programmed trades to the upside into the close to finish off substantially lower lows to keep the suckers’ suckered despite grim economic/business/financial news so still great opportunity to sell/take profits while you can since much, much worse to come. America is now a nation of bank holding companies (to take advantage of involuntary taxpayer bailouts), paper hanging wall street frauds (it’s the worthless multiplicity of securitized and heavily commissioned worthless paper that is the problem), and brazened ponzi’s (sic) (more, more, and more funds to keep their commission ball rolling) on wall street; and of course, their marks. Banking crisis claims more u.s. victims How are these frauds not being prosecuted and forced disgorgement and preposterously getting taxpayer dollars? The lunatic wall street frauds’ desperation linked to their substantial crimes and booty which must be disgorged through prosecution, none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved so sell into rallies/strength/take profits while you can since much, much worse to come. Previous suckers’ bear market rally/programmed trades to the upside into the close to keep the suckers’ suckered so still great opportunity to sell/take profits while you can since much, much worse to come, as stocks finish only modestly lower relative to reality on grim economic/business news across the board, viz., b.s. talking point gives way to reality that China stimulus plan lessens availability of funds for the purchase of worthless u.s./dollar denominated securities/assets and may even require sale/redemption of same, GM shares hit 62 year low at $3.36 as analyst says said shares will go to - 0- (nil, with Ford’s shares at $1.93), Motek expert points to employment contraction for 15 months in a row and Conference Board Report regarding said job losses; while another emphasizes the futility of the bailouts which are get worse/larger in reference to what he terms slush funds, the bank tax windfall initiated in the dark of night, things will get progressively worse in the upcoming administration, u.s. spending far beyond means, and rapidly depreciating u.s. dollars and assets; DHL ending u.s. ground ops and 9,500 jobs, Security Pacific the 19th u.s. bank failure, etc., Fed's bailout for AIG swells to more than $150B , Fannie posts $29B 3Q loss, $100B may not be enough , Renowned economist Mikhail Khazin : U.S. will soon face second “Great Depression” , bankruptcies, defaults, foreclosures, hyperinflation around corner on worthless Weimar dollars, etc.. Previous session, sell into these suckers’ bear market rallies/strength/take profits while you can as much, much worse to come. Much worse than expected jobs (240,000 lost, unemployment to 6.5%) and auto news (operating earnings losses of $4 billion for GM and $3 billion for Ford for 3rd quarter) rallies stocks (riiiiight!), in a largely forgettable Motek business hour even his oftimes wall street shill expert admitted to his credit that their was absolutely nothing to account for the rise in stock prices this day especially in light of the substantially bad and worse than expected news, says GM has enough cash to last to spring while Ford till summer, and says volatility for rest of the year. Economist says worse to come as very severe recession at least through 2009 and into 2010, and also there’s allusion to yet another taxpayer bailout of auto pension funds and auto co. bankruptcies. The wall street frauds must be prosecuted and disgorgement required. Jobless rate at 14-year high as above expectation losses continue GM, Ford losses worse than expected, burning cash Jobless ranks hit 10 million, most in 25 years Ford announces $129M 3Q loss, burns $7.7B in cash Jobless rate bolts to 14-year high of 6.5 percent Previous, another modest drop relative to reality [Grantham (who called the bubble) posits… 585 on the S&P 500 (versus today's frothy 904) There is more hurt in store for the U.S. equity markets. If you are still thinking of riding this one out, consider Japan. Japan's Nikkei 225 is our window into the future. From its 1990 high of 40,000 it fell as low as 7,800, an 80% drop. A similar correction in the U.S. would translate into Dow 2,500. ], downbeat economic data, first-time claims for unemployment at 25 year high and worse to come, abysmal retail sales worst in 3 decades, unit labor costs rose at a higher than expected 3.6% annual rate as the ultimately hyperinflationary effects of printing/creating like mad those worthless Weimar dollars, and weak business prospects, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc., so still great opportunity to sell/take profits while you can since much, much worse to come. Previous session sees modest drop relative to reality though record post-election plunge so still great opportunity to sell/take profits while you can since much, much worse to come. All news so bad (reality even worse) that even shill co. ADP can’t hide at least 157,000 lost private sector jobs where deep cuts are necessary, Challenger et als say layoffs will abound with cuts broad and deep, Motek expert says dismal market for at least next several weeks but cautious citing some oil, engineering, utilities, healthcare opportunities with caveat along with some emerging markets, service sector much weaker than expected and planned layoffs highest in three decades. Treasury wants to borrow record $550B...US-led strike kills 36 Afghan civilians U.S. as slowing economy/runaway spending balloons the budget deficit to a record level to Sell $55 Billion in Long-Term Debt Next Week Previous session, all news decisively bad with dollar down, oil up, factory orders declining 2.5% month-over-month after dropping 4.3% in August, much worse than the 0.8% decline that was expected, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc., so sell into rallies/strength/take profits while you can since much, much worse to come. Previous, ( Worst is yet to come for economy ) as economic/financial news so bad [ ISM index shows biggest downturn in economic activity since 1982, corrupt, scandal-scarred commerce department comes in with 40% better than expected false construction numbers though still down a hefty .3%, 90% of private economists say we’re in a recession and we’ll see much more lagging effect to the downside, realization that bad economic conditions going forward not frozen credit affecting lending despite their lies/fraud to buttress their fleecing of the treasury, Motek expert says another washout coming and we’ve not heard the last of those, ie., banks, companies, brokerages, etc., under the waves] , that lunatic frauds on wall street develop new b.s. talking point to keep suckers sucked in to this market so the wall street frauds can keep eating away at suckers’ money by commissioning same, the new talking point being ‘the election’. What total b**l s**t! They’re just a bunch of criminally insane vegetables who can’t do anything that they’re supposed to do well, ie, economics, finance, accounting, etc., and are hoping to escape accountability for their crimes. They must be prosecuted and disgorgement required because 1) It’s the law and to create a deterrent prospectively 2) Restore credibility and confidence in prosecutorial, regulatory, government/governmental bodies as opposed to their being accomplices, and the markets (which are just that; marketplaces, like fish markets, commodity markets, flea markets, etc., no big deal, particularly as the frauds operate them) 3) It’s the right thing to do because of the magnitude of the fraud (in the hundreds of trillions by some educated assessments) in the many trillions and the fraud on taxpayers (who have been damaged by their fraud and) by bailouts that are finding their way into compensation/bonus packages for the perpetrators . Previous session, suckers’ bear market rally for window dressing for dismal month and quarter to keep the suckers suckered in this secular bear market. Are you a sucker? One in five homeowners owe more than homes are worth, more unemployment to come, many more defaults personal/commercial, many trillions of previously commissioned worthless paper still carried/not written down, etc.. One of Motek’s experts, to his credit, points to reality in saying retreat to cash (take profits) in rallies as these (rallies on bad news), record declines in spending, economy has lots of negatives, insurance companies have lots of negatives, hedge funds liquidating, and importantly, 60% of trades computerized so great for generating commissions but bad for real value (as this week) and very volatile; while another expert echoes bear case as spending down across the board; while another empahasizes bad month on top of bad month for autos; while another says 2008 behind only 1929 and 1987 for bad; and another says no more room for rate cuts, more regulation, mortgage rates up; and finally, political and economic uncertainty cited. In sum, u.s. stocks over-priced and dollar will drop like a stone (excessive printing/creating/debt), Stocks: A Bear Case so sell into rallies/strength/take profits while you can as much, much worse to come. Don’t forget, THEY NEED YOUR MONEY TO COMMISSION and the lunatic wall street frauds’ desperation linked to their substantial crimes and booty which must be disgorged through prosecution . Despite another big advance on Friday, paper losses in the U.S. stock market came to $2.5 trillion for the month, according to the Dow Jones Wilshire 5000 Composite Index, which represents nearly all stocks traded in the United States. The 17.7 percent decline was the worst since the 23 percent drop in October 1987 and 1929. Previous day, suckers’ bear market rally on bad news. U.S. Economy: GDP Shrinks (even with fake better than expected GDP numbers from corrupt commerce department) at Fastest Pace Since 2001 The government falsely reported Thursday that the economy shrank only 0.3 percent in the July-September period, still a significant slowdown after growth of 2.8 percent in the prior quarter in the summer, sending the strongest signal yet that a deep recession has already begun. Consumer spending, which accounts for two-thirds of the economy, dropped by the largest amount in 28 years in the third quarter. One expert says multiple levels of things going wrong in u.s. recession, ie., consumer spending down and declining, housing recession, fraudulently worthless investments, worthless Weimar dollars that are being printed/created like mad, etc.. Another expert says fake GDP number in 3rd quarter does not capture slowdown which will be reflected in 4th quarter with minimum 2-4% decline. How are these frauds not being prosecuted and forced disgorgement and preposterously getting taxpayer dollars? The lunatic wall street frauds’ desperation linked to their substantial crimes and booty which must be disgorged through prosecution, none of the real problems (trillions of fraudulent/worthless securities, etc.) have been addressed much less solved so sell into rallies/strength/take profits while you can since much, much worse to come. Previous session, government (fake) numbers on durables (130% better than private estimates…I don’t think so!) and prospectively dollar-crushing 50 basis point rate cut (discounted b.s. talking point many times over by market in prior sucker session), 2.7% drop in the dollar, fed heads said the pace of economic activity has "markedly" slowed as consumer expenditures declined, while inflation pressures are expected (despite worthlessness of the Weimar dollar) to (temporarily) moderate due to the (temporary election year) drop in commodity prices and weaker economic prospects, so still great opportunity to sell into rallies/strength/take profits while you still can (like now) since much, much worse to come as all problems remain. Previous session, all news decisively bad with consumer sentiment far below expected 52% but realistically at 38%, personal bankruptcies/business bankruptcies up sharply (Euler Hermes ACI: Substantial Increase In Business Bankruptcies and worse in 2009 ... , Personal Bankruptcies Increase and 2009 expected to be worse ), Office Vacancy Rates Nationwide Keep Climbing; 2009 will be worse ... , US consumer debt reaches record levels , U.S. budget deficit swells to record $455 billion | Reuters , White House projects record deficit for 2009 - CNN.com , dollar down and dying, record trade deficits, (Lost growth is cumulative. Thanks to the record trade deficits accumulated over the last 10 years, the U.S. economy is about $1.5 trillion smaller. This comes to about $10000 per worker. The damage grows larger each month, as the Bush Administration and Democratic Congress dally and ignore the corrosive consequences of the trade deficit), war crimes/profiteering and global disdain for america and all things american and preposterously based on b.s. alone ie., dollar negative talking point of interest rate decrease (hyperinflationary as will be seen post-election), etc., suckers’ bear market rally on decidedly bad news, none of the real problems including many trillions of worthless paper, deficits budget/trade, hyperinflationary/worthless Weimar dollars being printed like mad, have even been addressed much less solved (election-year expedience), lunatic wall street frauds desperation linked to their substantial crimes and booty which must be disgorged through prosecution, so sell into rallies/strength/take profits while you can since much, much worse to come.

THE DOW JUMPS 900 POINTS. SO WHAT? BY MORGAN HOUSE

October 28, 2008 Only in today's market can the Dow have one of its biggest gains ever, on a day when consumer confidence logged its worst readings since it's been followed. After the Dow's nearly 900-point rally today, on what seemed like nothing but loads of bad news, you're right to stand back and wonder what in the world to make of this absurd volatility -- and more importantly, how to invest around it.The short, easy, and honest answer is that this volatility is spectacularly unreasonable, and you're foolhardy to try such an approach. Think about it: Only a few weeks ago, the Dow soared an equally impressive amount -- 936 points -- sending a wave of euphoria over markets, as if our troubles were behind us. Within days ... poof! The gains were gone. There's little reason to jump for joy over today's gain, either. Call me a party pooper, but the bad news in the economy hasn't disappeared, my friends…

Reality from Farrell: Bottom line: You've been scammed: This is total incompetence, … unethical and criminal. If you put your hard-earned $12,000 under the mattress for the last decade, it would have been worth more than the $11,671 accumulated in a mutual fund. But actually it's far, far worse! Now if you also deduct the fund's 5.75% load (and/or commissions) and inflation of more than 30% the past decade, you see the stock market's a real loser. In short, after 10 years of blindly trusting the Wall Street's advice about stocks, it turns out that investing in the stock market is not a money-making machine, but a big fat greedy black hole that gobbles up your money. ECONOMICS GURU: WORST IS YET TO COME; MARKETS WILL CLOSE FOR UP TO WEEK FROM PANIC... More from Grantham: S&P to 585. He called the bubble, how could anyone doubt his valuation (although even lower is more realistic)? Jeremy Grantham … (some) benefits to the crisis, including increasing personal savings, an end to the hedge fund era, a reminder that government officials are not to be trusted, …among others…Grantham posits… 585 on the S&P 500 (versus today's 877). Frank Motek (back from vacation to save his business hour … none too soon since his program suffered mightily in his absence) experts say: lack of liquidity, new homes and home prices downward trend to continue, expect revisions; another says other nations loaned to u.s. and getting burned, spending in Europe more difficult to ramp up, $2 TRILLION more debt, fed buying u.s. debt which is hyperinflationary, consumer maxed out, grim outlook; another, a wall street shill points to better than expected new home sales [from scandal scarred/corrupt commerce department…riiiiight …(Home sales rise according to discredited commerce department relative to revised downward prior months sales (riiiiiight…that’s the way to work the statistics…at least the prior months fake stats can still be good for something) but prices sharply fall)] but to his credit does say there are a pile of concerns including liquidation of positions, ‘n carry trades’ (sic), yen/dollar disparity; r.e. analyst says median price for homes still heading down and another says new home sales this month not sustainable, foreclosures high even with freeze; oil analyst says oil demand in China down, impacting price; finally, another analyst says temporary dollar spike because of unwinding of leveraged trades (in dollars), commodities/assets/metals decline as investors/traders/holders sell off assets (cover margin calls, redemptions, etc.), u.s. stocks still over-priced and dollar will drop like a stone (excessive printing/creating/debt), Stocks: A Bear Case so sell into rallies/strength/take profits while you can as much, much worse to come. Previous session: you know the worst is yet to come when the so-called wizards of fraudulent wall street laud the day’s 5-9% decline as a pyrrhic victory (coulda been worse…..riiiiight!) that is neither victory nor the end of the downward adjustment to reality and the scope of their fraud, indeed one expert now points to the realization that america has become the exporter of economic weakness/fraud as hedge funds, etc., continue to liquidate positions/assets (margin calls, redemptions, etc.) , sell into rallies/strength/take profits while you can as much worse to come. Markets Nosedive on Grim Economic News , World markets sink as recession realities spread , 79th anniversary of 1929 Wall Street Crash... , previous day suckers’ bear market rally/400 point swing/programmed trades to the upside into the close on decidedly bad news …I don’t think so!… sell into rallies/strength/take profits while you can since much, much worse to come Economist Roubini Predicts Hedge Fund Failures, Panic, Closed Markets , Job losses accelerating, and the worst is ahead , Banks borrow record amount from Fed... , on top of previous day’s near 200 point swing to the upside into the close to keep the suckers suckered as ‘experts’ say: earnings 11% below expectations, business bad and getting worse, recession, substantial job cuts, big problems in Europe including writedowns of u.s. originated worthless fraudulent paper / another says realization source of the now global problems is u.s., fed throwing money at problems (wall street frauds) but not making it to the economy, not enough money to cover the negative (fraud) and need for flush out and adjustment of inflatede/bubble/illusory values, and another says reality implies 25% decline which is worst since 1937, sell into rallies/strength/take profits while you can since much, much worse to come Recession Will Last At Least Two Years: Roubini , Recession Now: It's Deep and It's Going to Last a Long Time, Sonders Says ; previous day modest losses relative to reality as only 15% of americans believe the nation is going in the right direction (what dummies!) which is slightly more than congress’ approval rate and just slightly less than bushes’ approval rate, More banks may fail, IMF warns , Weak profit picture and weak/declining economy worries and fear of being held criminally accountable for their fraud hurt Wall Street , sell into rallies/strength/take profits while you can since much, much worse to come , previous day’s suckers’ bear market rally on bad or false news as ie., leading economic indicators up though all economists expected down since major components thereof (stock prices, manufacturing/industrial indices, employment, etc.) all down, economy so bad they’re going to print more worthless hyperinflationary Weimar dollars (that they don’t really have), gave another $12 billion to AIG on top of the other billions of taxpayer funds, yet none of the real problems including many trillions of worthless paper, deficits budget/trade, hyperinflationary/worthless Weimar dollars being printed like mad, have even been addressed much less solved (election-year expedience) so sell into rallies/strength/take profits while you can as much worse to come , The Crumbling U.S. Economy, Worse is Yet to Come , Worst slump since Great Depression , Rapid Downward Revisions in Expected Economic Growth , and all this b.s. despite reality on top of previous session suckers’ 500 point swing/programmed trades to the upside into the close to close modestly lower on much worse than expected news on top of previous suckers’ bear market rally/800 point swing/programmed trades to the upside into the close on decidedly bad news …I don’t think so!

The average investment-grade industrial company bond is yielding 4.95 percentage points over Treasuries with comparable maturities, Moody's says. That's about the long-term average for much riskier junk bonds. "It's the widest level since 1932-1933," says John Lonski, Moody's chief economist. That was during the, ahem, Great Depression.

There is more hurt in store for the U.S. equity markets. If you are still thinking of riding this one out, consider Japan. Japan's Nikkei 225 is our window into the future. From its 1990 high of 40,000 it fell as low as 7,800, an 80% drop. A similar correction in the U.S. would translate into Dow 2,500.

Searching for Mr. Goodlow [ While you certainly want to buy low (and sell high), in light of the crushing debt, deficits both budgetary/trade, global antipathy because of war crimes/profiteering, transfer of manufacturing base, and greedy frauds on wall street, corruption at all levels, etc., this time is like no other for america in the most negative sense, particularly since the average multiples for S&P for the past 5 years were based upon a huge fraud bubble and hardly a benchmark/guideline. The saying/axiom of J.P.Morgan remains apposite as ’ it is not so much the return on the money as it is the return of the money’. ]

Building starts/permits and new home sales down 8.3% and 6.3% to worst levels in 17 years, drop in consumer sentiment highest ever recorded so great opportunity to sell/take profits while you still can since smart money (and reality) say trend is much lower Billion-Dollar Fund Manager, Dow To Sink To 5,000 , Roubini: Dow 7,000 Likely 'Sometime Next Year' , Dow Jones Bloodbath Mirroring 1929 Rout Bottom should be around 27 per cent below “bailout bounce” according to analyst , since none of the real problems including many trillions of worthless paper, deficits budget/trade, hyperinflationary/worthless Weimar dollars being printed like mad, have even been addressed much less solved (election-year expedience) so sell into rallies/strength/take profits while you can as much worse to come, (they’re so desperate for b.s./fraudulent talking points/sizzle to sell that the rumor (Microsoft to buy/destroy Yahoo) sparks rally though denied by both companies, spin lower prices as positive when reality is that economic conditions/prospects so bad that demand has precipitously fallen, Philly fed Index down sharply indicating contraction, Real Estate/Builders’ Index lowest/Worst reading since inception, lunatic wall street frauds desperation linked to their substantial crimes and booty which must be disgorged through prosecution, volatility index at new record, previous session reality trumps the new fraud as markets can’t hide from the plethora of bad economic news albeit sugar-coated for election year purposes as retail sales down 1.2% for month and as well, year-over-year and in all regions, beige book says economic activity down in all regions Billion-Dollar Fund Manager; Gold To Hit $2,000, Dow To Sink To 5,000 sell into rallies/strength/take profits while you can as much worse to come and remember, fool you once, shame on the wall street frauds who should be in prison, fool you twice, shame on you and you’re screwed, one expert described the bailout as money down a black hole Total Bailout Cost Heads Towards $5 TRILLION , shreve of investors’ (shouldn’t that be traders’) business daily said became negative on market in August and all cash in September [but previously, 6-3-08, SHREVE OF INVESTORS BUSINESS DAILY NOW NEGATIVE ON MARKET (YA THINK), WAS BULLISH JUST RECENTLY ENOUGH FOR BULL TRAP (OR JUST PLAIN BULL CRAP) AND CITES HEDGE FUND SPECULATORS, SUPPLY/DAMAND FACTORS (OIL RISE, ETC), LEADERSHIP TURNED NEGATIVE WHICH FED MINUTES CONFIRMED, implying that somewhere in between he was positive ] but to his credit states we’re in a recession…some quarters of negative growth/contraction ahead…takes considerable time for fed steps/missteps to take effect…and 7-8% unemployment, while fed governor janet yellen says we’re in a recession…daaah!, while another cites consensus that the financial crisis won’t be over anytime soon US confronts reality of long, deep recession/depression ,
The global economy is going through a "profound shift" as it deals with the unwinding of debt leverage, which Todd Harrison, CEO of Minyanville.com calls "the mother of all bubbles."
As with the tech bubble before them, bubbles in housing, commodities and hedge funds were all made bigger because of the unfettered use of leverage. The unwinding process is going to result in a "prolonged period of socioeconomic malaise," he says, predicting unemployment will rise will into double-digits before the cycle turns.
The most recent batch of economic data certain support a grim outlook:

· · Industrial production plunged 2.8% in September, the biggest drop since September 1974.

· · The Philadelphia Fed's manufacturing index slumped to its lowest level since October 1990.

· · The National Association of Home Builders' housing market index hit a record low.

· · The Fed's October Beige Book showed across-the-board weakening of activity in all 12 reporting districts.

· · September retail sales fell 1.2%, the biggest drop since Aug. 2005.

previous session saw modest losses relative to reality with near 300 point upswing into the close on bad news (to keep the suckers in … were you a sucker?…the frauds on wall street are counting on it as today’s session proves) including record budget deficit at $454 billion and much worse next year, they’re treating symptoms not the problems so good money after bad, substantial unwinding of derivatives and market manipulation by programmed stock purchases, u.s. gov’t selling treasuries to finance debacle pushing interest rates higher so sell/take profits, The Wall Street Coup and the Bailout Scam Bailout $700 billion yet national debt increased by over $1 trillion,They socialize their losses and privatize their gains ….. How is this happening? Paulson Doles Out $125 Billion to Wall Street Elite What a total fraud/scam! A Trillion Dollar Bait and Switch: The Bailout and the Smell Test This is a secular bear market – check out the cycles. Roubini Sees Worst Recession in 40 Years, Rally’s End , previously Motek’s expert Art Hogan says crisis not over, daaaaah!, buuuttt and for the first time sounds like a typical wall street shill and loses all credibility thereby, while another non-Motek expert says will retest lows which is euphemistically correct while pointing to comparable spike/decline in 1929 et seq. Great Depression scenario , Billion-Dollar Fund Manager; Gold To Hit $2,000, Dow To Sink To 5,000 , b.s. talking points and all based upon other nations, Europe and Asia like lemmings again following america into the abyss (Iraq, etc.) since none of the real problems including many trillions of worthless paper, deficits budget/trade, hyperinflationary/worthless Weimar dollars being printed like mad, have even been addressed much less solved (election-year expedience) so sell into rallies/strength/take profits while you can as much worse to come and remember, fool you once, shame on the wall street frauds who should be in prison, fool you twice, shame on you and you’re screwed, as this and previous session’s programmed buy trades to keep the suckers sucked in and commission dollars flowing (the shameless wall street frauds made hundreds of millions last week and today on high then moderate volume as government/banks closed for holiday), thousand point swings to the upside- I don’t think so, as yet again those needful things on wall street get even MORE, MORE, MORE, MORE, MORE for the poor (not really, in light of the mega billions in fraudulently derived commissions, bonuses, compensation, which should and must be disgorged through prosecution) frauds on wall street, retail down, unemployment at recession levels, modest losses relative to reality so sell into strength/take profits, get your money out while you can and don’t forget that the worthless hyperinflationary Weimar dollars they’re printing like mad will, like the current fraud unraveling, come home to roost [Rogers: Global Bankers Have Unleashed Hyperinflationary Holocaust ] making, assuming arguendo there are, any wild-eyed purported gains to come illusory/non-existent at best and further, national (and consumer) debt and lack of industrial/manufacturing base/trade deficits make previous recovery comparisons preposterous, Motek’s expert says on-going bear market since 2000 (market down 75% as measured in gold) with continued massive liquidations to pay off debt and that attempts to reflate with bailouts will fail culminating in hyperinflationary depression, while another expert says stocks could slug around at bottom for extended period, while Financial Times Editor says most volatile day ever, not at tradable bottom, and this was a market crash at –40% from top. GM shares on credit watch with negative implications by S&P tumble 31 percent to 58-year low , Roubini: Rate Cuts Temporarily and Minimally Reduce Crash Risk, But Dow 7,000 Likely 'Sometime Next Year' , dollar down, oil up, Motek’s expert Bogel of Vanguard fame points to speculative measure for wall street in 1929 as 280 which is even below and not as bad as the current measure of 320 in year 2008 indicative of the ridiculousness of the wall street debacle, It's Not You, It's the Market - Now Officially the Worst S&P Decline in History ,on top of previous sessions needful things on wall street saying MORE, taxpayer money to bail them out for their consummate fraud, etc., MORE now EU/Asian/fed/taxpayers’ cooperation/contribution for their past, present and future frauds, etc., to keep their ponzi-like scheme of worthless paper moving; how about prosecution, prison, fines, and disgorgement for these mega billion dollar frauds, as 500 point swing to the upside into the close (get your money out while you can-sell into strength/rallies/take profits) on yet another b.s. talking point (I don’t think so and neither does Cramer says Get Out Of The Market ) as Motek’s expert apparently shell-shocked talks in terms of washout levels while another says bailout will take about 4 weeks to implement and not sure if same will work [WON’T! There are trillions (some say in the hundreds of trillions) of the fraudulent worthless paper out there] and points to negative economic fundamentals and says reduce exposure to equities in favor of ie., money market treasuries, previous day buy on rumor, sell on news (of fraud bailout) obtains, fundamentals horrendous as economy loses more than expected 159,000 jobs, Motek’s economist/expert/trader says serious economic issues remain and cites ’73 to ’74 when market fell 45% top to bottom while securities expert says now focus is on fundamentals and not a pretty picture and cautions about dilution, get your money out while you can-sell into strength/rallies/take profits-that’s what they did , previously hopes for fraudulent $4 trillion plus is missing through U.S. federal agency accounts managed by the NY Fed misguided Not One Dime! wall street fraud/criminal bailout “Grand Larceny” on a Monumental Scale: Does the Bailout Bill Mark the End of America as We Know It? can’t change reality as unemployment numbers highest in 7 years, factory orders decline to lowest level in 2 years, food prices with largest increase since 1990, previous 200 point swing to the upside on top of 485 point previous day gain with all seriously negative news including sales drops of 16% at GM and 35% at Ford so sell into these rallies/strength/take profits whil you can, economist Brusca points to grim economic/financial data and outlook even with bailout, Billion-Dollar Fund Manager; Gold To Hit $2,000, Dow To Sink To 5,000 , U.S. Sept. ISM manufacturing index plunges to 43.5% (worst since 1955), Bailout Would Only Prolong Crisis: Jim Rogers ,except for scandal-scarred corrupt commerce department which reported unexpected rise in consumer sentiment (riiiiight…things are so hunky-dory), all news decidedly negative with home prices falling an unexpected record 16.3 %, etc. Bailout marks Karl Marx’s comeback This is not brain surgery and the fraud, bonuses/compensation (mortgages, subprime and otherwise, are only a relatively small portion of the fraud/scam providing “cover/collateral” for the worthless but heavily commissioned paper over and over again in a multiplicity of different forms of worthless paper) in the mega-billions should first be disgorged before taxpayers are forced to pony up and pay the frauds again for their fraud which caused the problem in the first instance, must be prosecuted. It should also be noted that despite the rhetoric, the wall street bailout will NOT solve the crisis or eliminate the economic pain except to make permanent the fraudulent wealth transfer to the most well healed heals/frauds/criminals in the nation who caused the so-called crisis by their greed/corruption/fraud. All news decisively negative as WaMu becomes biggest bank to fail in US history (AP), GDP revised downward to 2.8% in second quarter (the market previously rallied on the false news and rallies again on the true bad news), only 30% at most support the taxpayer bailout of the wall street frauds so count on tax revolts as predicted by experts if the same passes , Sell into any rallies/take profits as all problems remain and will be exacerbated by the fact that the vast majority of taxpayers rationally and correctly opposed the bailout of the wall street criminals who benefited from the fraud. Reaction has been fast and furious 9-28-08[2:38 am]; take a look at some initial comments. Sell into any strength/take profits because with bank failures and raids on taxpayer funds and reckless printing like mad of worthless Weimar dollars and fake data/reports and lies this is worse than recession/bear market, New Home Sales Plunged 11.5% to 17-Year Low and home inventories up, jobless claims up and durable goods orders down far more than expected, home prices drop by record 9.5%, existing home sales down 2.2% as they continue to foist the wall street criminal/fraud bailout on taxpayers which Bloomberg now pegs at a cost of $5 trillion while other economists/experts say hundreds of trillions [which means $700 billion down the tubes into the pockets of the wall street criminals (make them pay) who created the mess through their greed/fraud/scams and who’ve already reaped huge financial sums in the many billions through compensation/bonuses (mortgages, subprime and otherwise, are only a relatively small portion of the fraud/scam providing “cover/collateral” for the worthless but heavily commissioned paper over and over again in a multiplicity of different forms of worthless paper]; Motek’s financial expert, Financial Times Business Editor cites thoroughly gloomy economic picture globally and u.s. particularly, record levels of borrowing from fed, even with passage of bailout dire economic/financial scenario will remain, and axiomatic ‘buy on the rumor, sell on the news’ picture for stocks while his expert/economist/investor/entertainer (Ben Stein) says outrageous to bail out wall street criminals who should be in prison [and who should pay back/disgorge the hundreds of billions they’ve been scamming by repackaging/recollateralizing commissioning and reselling of which fraud/bubble I’ve been warning for over 5 years on this site-indeed they even have been exempted by congress for RICO liability and meaningfully lawless application of other laws as I reiterate in my RICO Summary under penalty of perjury to the FBI at their request including RICO violations by Sam Alito, former u.s. attorney (District of new jersey) who parlayed obstruction of justice (I’ve sworn to this regarding drug-money laundering) into judicial appointments to the 3rd circuit court of appeals with maryanne trump (Barry) and now the so-called supreme court (he should have gone to jail) justice; how could anyone even listen to bush (WMD’s in Iraq-I also warned against that debacle/fraud/war crimes/profiteering) ] and he further says let the ceo’s go and some of the failed institutions fail condemning the outrageousness of the lack of oversight in this huge fraud/wealth transfer; and hanky panky paulson the wall street shill whose $50 million in blind trust and $20 million in vanguard benefits from this bailout by the taxpayers, The Fed is Making a Killing on Banking Crisis , so great opportunity to sell/take profits while you still can. One democrat said that with 3 months remaining in war criminal (remember the lies) bush’s lamentable failed presidency the grab based on fear that bailout of the criminals who caused the problem and made huge sums from their heavily commissioned fraud will avoid what already is can only be deemed another fraudulent wealth transfer akin to the war crimes in Iraq, which budget-busting conflict is also part of america’s problem, is preposterous on it’s face.A republican said that the so-called over-sight provision utilizes a standard of judicial review that would render impossible any purported review/abrogation (and after the fact at that) of paulson’s largesse to his bro’s on wall street and bush buddies. Mike Stathis The Market Oracle September 22, 2008… As far as I’m concerned, anyone who doesn’t conduct a full investigation of this charade leading to several CEOs and other executives in prison with all of their assets being shuttled into America’s bailout fund doesn’t have what it takes to lead America anywhere except on its current course – downward. But it doesn’t really matter at this point anyway. Washington and the greedy bankers have ensured the end of what was once a great and proud nation filled with hope and opportunity. … , Dollar Weakens Most Against Euro Since 2001 on U.S. Deficit , Financial terrorism: US taxpayers bail out Wall Street criminals , A Bailout to Nowhere ,…Cramer had said the astonishing 779-point rally over the past two days can only mean one thing: sell. , in this election year obfuscation/desperation to cover-up since all real news remains decisively negative as leading indicators fall, unemployment claims rise, but suckers’ bear market rally b**l s**t talking points without realistic, legitimate, sound foundation previously rallied stocks in nearly 600 point swing to the upside as wall street shill/fraud/pointman/incompetent paulson floats new fraudulent wealth transfer paid for by taxpayers (yet another bailout – tax revolts as predicted by trendsresearch.com are a coming – McCain is quite right that land of fruits and nuts man cox should be fired from the SEC; A New Resolution Trust Corp. for the Bankers? Kurt Nimmo | Congress critters, former Fed mob bosses want a public boondoggle along the line of the Resolution Trust Corp. to bailout the banksters) and insurmountably increasing the defacto bankrupt government’s debt in favor of the very well-healed perpetrators of the fraud who should be prosecuted and forced to disgorge their ill-gotten gains (bonuses, etc., in the multi-billions) before even broaching the ill-advised united soviet socialist states of america plan to have taxpayers pay for the wall street fraud, and then there was the ridiculous spike from fed’s announced printing/creating more worthless Weimar dollars ($180 billion - All Roads Lead To Hyperinflation ) which even coupled with foreign contributions does not even register a blip of difference in light of the magnitude of the amount of debt, $14 trillion private/$15 trillion public, much of which must be written down/off/non-performing . Don’t be wall street’s (churn and earn) fool; time for them to pay up; time for you to sell/take profits/cut losses! Housing construction plunges 6.2 pct. in August , Worst is yet to come, investment strategist warns (at MarketWatch) , more gov’t bailout taxpayer money with ever more worthless Weimar dollars (fed printing/creating them like mad) proves the only lunatics (yes, the full moon) are not limited to those lunatic fraudulent wall street needful things who should be prosecuted and forced to disgorge their ill-gotten gains, as united soviet socialist states of america (who built up communist china so who could have expected less) takes 80% stake in AIG, spreads widening as piles of worthless debt/securities/collateral unwind so sell into these suckers’ bear market rallies as all problems remain US Economy: Rudderless and Reeling From Direct Hits , Federal bank insurance fund dwindling , More Socialism for the Bankers: Fed to “Loan” AIG $85 Billion , economy so bad oil demand own, so cut your losses/take whatever gains/get your money out while you still can as industrial output down much greater than expected 1.1% (for the prior month) , Meltdown in US finance system pummels stock market , Rogers: Dollar To Lose World Reserve Status , AIG downgraded as financial meltdown spreads , Wall Street mauled by Lehman bankruptcy, AIG fears , highest year over year foreclosures on record, retail down .3% while inventories up, as bad news spurs over 150 point swing to the upside into the close which shows irrationally fraudulent markets trying to keep suckers sucked in for their commissioning pleasure, Bullish Sentiment Drops 30% , CBOE Put-Call Ratio Indicates Negative Outlook , Get Ready For the S&P 500 to Break Below 1200 , WaMu cut to "junk," sees $4.5 billion loss reserve (Reuters) , U.S. Trade Deficit Surges; Boosts Likelihood of Recession, Job Losses , August foreclosures hit another record high , federal/trade deficits among other bad news worse than expected which previously rallied stocks (riiiiight!) on over 300 point swing to the upside (I don’t think so) so sell into these ephemeral rallies/"strength”, Lehman shows wider than expected $3.9 billiion loss, Another bull joins the bears Peter Eliades now says Dow should drop below 9,000, election-year sugar/fake reports as Pending home sales fall more than expected 3.2% , Fannie/Freddie fail, federal takeover, taxpayer bailout (which the frauds on wall street cheer since they believe their fraudulent gains, many billions worth, might not be touched - they should be disgorged through prosecution) as defacto bankrupt government to commit $100 billion each to insolvent fannie/freddie ($200 billion they really don’t have to start with), very ridiculous so sell into ephemeral rallies/"strength" since the same and all is very bad news Top Investor: Fannie/Freddie Bailout Serves "Bunch Of Crooks And Incompetents" (more to follow this update on 9-7-08) suckers’ bear market/short-covering rally into the close on 200 point swing to the upside (riiiiight) on very bad news, nonfarm payrolls fell by 84,000 during August, bringing the unemployment rate to 6.1%, THE LATEST FRIDAY FAILURE FOR THE U.S. BANKING INDUSTRY: US to take control of mortgage giants: reports , Home foreclosures reach record high , and keep in mind frauds/scams like wall street today invariably unravel as reality bites with all news bad (except for fake news) and worse than expected with new unemployment claims up more than 15,000 on top of terrible back-to-school shopping/retail numbers, though still sugar-coated for election year as sales at GM down 20% Ford down 26%, bankruptcies up, credit union taken over by feds, August ISM Index down below 50 indicating contraction, construction spending fell a larger-than-expected 0.6%, and spending down to lowest level in 3 years with income declining .7% in contrast to previous day’s suckers’ bear market rally on light volume so great time to sell/take profits while you can since all problems remain] Election-year feel good typically false/embellished at best temporary report on GDP 58% better than private forecasts along with that bastion of american credibility, the scandal scarred prevaricating commerce department comes through with fraudulent talking point for the wall street frauds with durable goods numbers exceeding private economist estimates by 400% (I don’t think so!), as one of Motek’s experts says GDP number from government, at best temporary blip from rebate stimulous (those election-year monies/printed Weimar dollars debt-ridden u.s. doesn’t really have) and multi-national exports on weak dollar, seventh staight monthly decline in payrolls in this real recession, and continued problems in financial sector/real estate/defaults/writedowns; while another seasoned expert says doesn’t look good particularly for third and fourth quarters. Motek’s expert says FDIC might have to borrow from treasury [ FDIC may borrow money from Treasury ], second largest quarterly loss on record from thrifts at $5.4 billion, Fannie/Freddie fail the performance test, and precipitous fall in leading economic indicators indicative of deeper/longer recession that we’re already in so high allocation to cash/low allocation to stocks. The Real Rate of Inflation is 13% No way to credibly spin the record real estate price declines on high volume of foreclosure sales/high unsold inventories, high inflation as other than the economic debacle it is, Motek’s expert reiterates reality of this bear market, that stocks will resume slide, good time to sell since pricey/frothy at avg. 24 P/E, that Freddie/Fannie bailout/gov’t. takeover inevitable, more troubled banks [ FDIC's Problem Banks List Balloons (at TheStreet.com) ] as loan defaults extend losses in sub-prime, to now prime, commercial, student loans, credit cards, even as inflation up, and outlook very bleak. Previously, another bank failure, but they say existing home sales up greater than expected 3.1%…but from auction/foreclosure sales (40%), prices down 7% (-22% in land of fruits and nuts) and inventories of for sale/unsold homes at new record high since tracking began in 1968 and worse to come, Chicago index of manufacturing down indicating further economic weakness and Motek’s expert says ‘put’ activity indicates at least 10-15% more downside from here/government bailout ot fannie/freddie inevitable and f/f stock worthless as all news decisively bad beyond expectations though fudged to upside for election year and yet bernanke who is printing worthless hyperinflationary Weimar dollars like mad soothed (gives them fraudulent talking point) the frauds on wall street saying essentially the economy is so bad inflation less of a problem (and no interest rate hike-old news because of economic weakness and bad for dollar) sparking suckers bear market rally on light volume, Buffett: We're still in a recession, leading indicators down .7%, unemployment near record levels,Oil jumps $5 on US-Russia tensions, sliding dollar , hence great opportunity to sell/take profits since all problems remain and dollar mini-spike short-lived though some fluctuations to upside on speculation other economies will tank. Wholesale prices: Highest annual rate in 27 years . The Strong Dollar Illusion . Housing starts and building permits posted steep declines. That hub of global manufacturing buzzing (riiiiight!) as empire state index as measured by private economists expected to fall -4.2% but is reported up +2.8% (almost 300% better-I don’t think so, and don’t buy the Brooklyn bridge, watches, swamp land in jersey, etc.), inflation news double expectations Bracing for Inflation August 15, 2008 (BusinessWeek Growing evidence suggests American consumers, businesspeople, and political leaders should all be bracing for double-digit inflation, probably as early as 2009), real estate falling, U.S. Foreclosures Rise 55%, Bank Seizures Reach High , unemployment at recession levels, etc.,. Note the rotation into the obscure world of so-called tech which provides, as in prior such ploys (ie., dot-com bust, more recent bust, etc.) the world street frauds with the ability to sell the sizzle since investors and americans generally don’t understand it (ie., iphones are a joke where the so-called “computer” is merely a restrictor of usual computer functions now tied into apple products and government shill co att, and anyone who pays the premium for apple products is a fool), and all news bad albeit fudged to the upside in this election year. Fake trade figures, more writedowns/bad debt, still great opportunity to sell/take profits. Just another frothy day in the rabidly fraudulent lunatic world of wall street and great opportunity to sell/take profits since all problems remain and dollar mini-spike short-lived. Fog of war ( U.S. Attacks Russia Through Client State Georgia – don’t believe american lies/propaganda to the contrary) is frauds friend, repeat three times to understand fraudulent wall street euphoria over diversion (Georgia conflict) from their massive fraud which brought much greater than expected losses at fannie (U.S. Headed Toward Bankruptcy, Says Top Budget Committee Republican ) and triple-digit decline to triple digit upswing so especially great opportunity to sell/take profits as glass-half-full kind of frauds point to increase in (foreclosure/auction/forced) home sales (riiiiight!) while they can no longer hide substantially increased unemployment, etc., economy so bad oil demand declining which is shill point for next stage of (new) wall street fraud/commissioned churn and earn scam which the taxpayers just underwrote/paid for with complicit government, executive/legislative/judicial branches/fed. Great opportunity to sell/take profits since all problems remain as real numbers indicate previous decline in GDP though falsely reported as gain, greater unemployment (watch for fake numbers from government) and much more downside to come as stocks previously rallied on sharp increase in oil prices and ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I’M SURE FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS, and short-covering. The Dow Priced in Ounces of Gold: Secular Bear Market Since '99 by Lindstrom from Seeking Alpha AP Business Highlights A private research group says that Americans remain the most pessimistic about the economy since the tail end of the last prolonged recession 16 years ago. But economists warn that the slight uptick, which reverses a six-month slide since January, is likely to be only temporary and doesn't signal the beginning of a rally…Yahoo… the survey only has weak correlation with actual spending, so Briefing.com does not put too much stock in the report.] Quantifying Inflation by Zigler from Seeking Alpha, Housing report bruises frauds on wall street with reality but false report from corrupt, scandal-scarred, criminal commerce department (contrary to all expectations and contrary to all regional fed manufacturing indices which declined) provides fake report and fraudulent lift . Great Opportunity to Sell/Take Profits as Reality trumps bull s**t! Sell dollar denominated assets as all problems remain. El-Erian: Buy more foreign stocksEven in this century's darkest days of recession and war, U.S. households kept on spending. But one of the smartest investors on the planet says the American consumer is finally out of steam. Even if, and it is not, oil were the only problem, the same is just a disruption away from a spike. Suckers’ bear market/short-covering rally based on bull s**t alone, this time by wall street shill paulson whose bailout rhetoric brings ‘irrational exuberance’ since wall street frauds should be prosecuted, required to disgorge ill-gotten gains, and jailed since they’re the ones who benefited and are escaping accountability by the bailout. Except for multi-nationals and corporate welfare recipients (ie., Lockheed, etc.), greater than expected losses in not millions but billions rallied the stocks. Remember, these are huge financial institutions unlike the tiny S&Ls of the last banking fraud/wealth transfer (to frauds at expense of taxpayers). Leading indicators revised down (after ‘election year keep the incumbents’ fake report). What do you expect the wall street frauds/criminals who should be held accountable and the failed (and illegal- constitution would have to be amended to enable Fed to print those worthless Weimar dollars with now even failed Fannie and Freddie getting some with taxpayer bailout) Fed to say; admit they royally f**ked up, etc., better than expected very bad news, ie., Citibank loses only $2.5 billion, hyperinflation, over 200% more (suuuuure!) than expected oil inventories, GM cuts dividend, Intel monopoly eliminates AMD, economy so bad less oil use/demand, riiiiight! What total bull s**t! SELL INTO STRENGTH, TAKE PROFITS WHILE YOU CAN!] Similarities between 1929 and 2008 terrifying [In just the month of June, the Dow dropped 10.19%; the S&P fell 8.60%, and the Nasdaq lost 9.10%. For the quarter, the Dow fell 7.44%; the S&P lost 3.23%, while the Nasdaq had an anemic 0.61% gain. For the first half, the Dow is down 14.44%; the S&P lost 12.83%; and the Nasdaq has fallen 13.55%. Since their high point last October, the Dow gave up 19.87%; the S&P dropped 18.22%; and the Nasdaq is down 19.80%. A 20% drop from a market peak is considered the start of a bear market — although many analysts say Wall Street already has a bear market mentality (because the bear market already is. Some chart data/numbers on bear markets: first chart second chart).] FAKE GOV’T/ETC. ELECTION YEAR REPORTS THAT EXCEED ECONOMISTS/ANALYSTS FORECAST/EXPECTATIONS, EARNINGS NOT AS BAD AS EXPECTATIONS (SUUUUURE-SAME OLD FRAUD). GREAT OPPORTUNITY TO SELL (TAKE PROFITS) WHILE YOU CAN, ESPECIALLY WITH SUCKERS’ BEAR MARKET RALLIES ON NEGATIVE NEWS (PARTICULARLY SNEAKING INTO THE CLOSE). NOTHING HAS CHANGED REGARDING TRADE AND BUDGET DEFICITS, WORTHLESS WEIMAR DOLLAR AND THE HYPERINFLATION/STAGFLATION THEREBY, AND ELECTION YEAR (THIS IS AN EPHEMERAL GOOD AS IT GETS SCENARIO) ATTEMPTS TO REINFLATE THE BUBBLE, ETC., THAT HAS HELPED TO CREATE THIS FINANCIAL/ECONOMIC DEBACLE. THE FED/WALL STREET FOCUS/DEFLECTION ON CORE INFLATION IS A SHAM/FRAUD AND TANTAMOUNT TO SAYING IF YOUR MOTHER HAD WHEELS SHE’D BE A TROLLEY CAR. [eND OF FIRST QUARTER DOW –8%, nASDAQ-14%, AND S&P-10%. WALL STREET IS A JOKE THAT IS NOT FUNNY]. USA 2008: The Great Depression. High Likelihood of a Market Crash Similarities between 1929 and 2008 terrifying I WARNED AGAINST THE DEBACLE IN IRAQ, I WARNED AGAINST GIVING DUMBYA BUSH WAR POWERS, I WARNED OF THE BUBBLES IN REAL ESTATE AND STOCKS, AND NOW I WARN AGAINST INVESTING IN DOLLAR DENOMINATED SECURITIES OR HOLDING SAME (SELL INTO STRENGTH/TAKE PROFITS/SELL). SUCKERS’ BEAR MARKET/SHORT COVERING RALLY/NEW BUBBLE MODE (ALONG WITH MODEST DROPS RELATIVE TO REALITY) SO SELL (TAKE PROFITS) AS THE WALL STREET SCAM IS UNEARTHED BY REVELATION THAT OF 9 INVESTMENT VEHICLES S&P (MAJORITY OF 401K HOLDINGS, ETC.) WAS WORST PERFORMER (1% OR LESS AND IF YOU FACTOR IN DECLINING DOLLAR, NEGATIVE RELATIVE TO NON-DOLLAR DENOMINATED ALTERNATIVES OVER DECADE). JAWBONER BERNANKE SAYS THIS DOWNTURN IS DIFFERENT FROM THE GREAT DEPRESSION AND HE IS RIGHT INASMUCH AS AMERICA UNLIKE AFTER THE GREAT DEPRESSION WILL EMERGE FROM THIS DOWNTURN AS SOMETHING SIGNIFICANTLY AND SUBSTANTIALLY LESS FROM WHICH THERE WILL BE NO RETRACEMENT TO THE UPSIDE FINANCIALLY, ECONOMICALLY, GEOPOLITICALLY.Bank issues global stock and credit crash alert... Write Offs to Top $1.3 Trillion.Who didn’t see this coming?The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' . 5 REASONS WHY THE FED HAS FAILED. GREENSPAN: NO REGRETS; U.S. IN SEVERE RECESSION. UK, US, AND WORLD FACING THE BIGGEST FINANCIAL SHOCK SINCE THE GREAT DEPRESSION, SAYS IMF. VIX TO VXV RATIO IS GIVING A STRONG BEARISH SIGNAL YAHOO FINANCE SUMMARIZES THE ESSENCE OF THE TRADING DAY: [BEFORE THE YAHOO MAINSTREAM FLUFF, IT IS NOTEWORTHY THAT ALL THE PROBLEMS REMAIN FROM DEFICITS TO WORTHLESS WEIMAR DOLLAR TO FRAUD TO FAKE GOV’T REPORTS, suckers’ bear market rally into the close, Analysts say more U.S. banks will fail Jim Rogers: Dollar Doomed, Oil Will Go Over $200 per Barrel Soon Fannie Plan a `Disaster' to Rogers; Goldman Says Sell , why would anyone hold/invest in dollars (deficits, trade and budget substantial, economic growth declining) so sell/take profits, if you’re smart, as higher oil prices (7-10-08) sparks rally (riiiiight!) and investors were encouraged by the possibility of more contributions to their fraud, and Paulson says things are not as bad as the reports in this election year; he’s right; they’re much worse! Remember greenspan’s perpetual envy of all the world speeches; now Bernanke printing hyperinflationary Weimar dollars like mad; they’re dreaming. Similarities between 1929 and 2008 terrifying U.S. stocks post sharp weekly losses; bear market that already is now said nears , Stocks tumble as more bad economic news piles up, Wave of bad news sends Dow down nearly 360, Sales of new homes tumbled for the sixth time in seven months in May while median prices kept plunging, American Express sees worsening credit conditions, but fake government report of higher than expected oil inventories (riiiiight!) rallies stocks, Home prices fall in April at record rate, Consumer confidence sinks to 16-year-plus low , BlackRock sees global slowdown worsening in 2009 , DOWNGRADES OF BANKING/FINANCIAL SECTOR AND IN AUTO SECTOR ALONG WITH BOND INSURERS AMBAC, MBIA, AMERICA’S BLIND SUPPORT OF ISRAEL/ISRAELI AGGRESSION DEPRESSION CONTINUES ON COURSE, PHILADELPHIA FED INDEX REGIONAL ASSESSMENT OF MANUFACTURING ACTIVITY POSTED A BAD READING OF -17.1 FOR JUNE WITH JOBLESS CLAIMS MORE THAN EXPECTED AND ANALYST SAYS RAISING CHINA'S GASOLINE AND DIESEL PRICES BY 46 CENTS A GALLON NOT ENOUGH TO HAVE MUCH IMPACT ON EXISTING DEMAND, INFLATION UP AND PRODUCTION DOWN EQUALS STAGFLATION (EVEN WORSE WHEN REAL NUMBERS HIT HOME), NEW YORK MANUFACTURING INDEX DOWN AGAIN, REAL ESTATE PLUNGING, HOME BUILDERS’ CONFIDENCE AT/NEAR RECORD LOWS, BAD NEWS BULLS SCENARIO AS ALL NEWS BAD BUT STOCKS RALLIED (AT BEST GIVING THEM BENEFIT OF DOUBT, A SHORT-COVERING RALLY) AS CONSUMER CONFIDENCE AT LOWEST POINT IN 28 YEARS FOR GOOD REASONS, FORECLOSURES UP 50% TO RECORD HIGH LEVELS, COMMODITIES (IE., CORN, ETC.) UP SHARPLY OWING TO MIDWEST FLOODS WHICH WILL ALSO IMPACT OIL TO THE UPSIDE GOING FORWARD AS LESS ETHANOL SUPPLIES/HIGHER PRICES, ONE RADIO REPORTER INTERVIEWS ECONOMIST WHO INDICATES SCEPTICISM REGARDING (IE., INFLATION, ETC.) NUMBERS WHICH HE BELIEVES ARE WORSE THAN REPORTED (HE’S RIGHT) BUT STILL MORE THAN EXPECTED UP .6% AND UP MOST IN 6 MONTHS (INFLATION NUMBERS FUDGED FOR FED), ALL-TIME HIGH REPOSSESSIONS UP 158%, JOBLESS CLAIMS UP MORE THAN EXPECTED AT HEFTY 384,000, RETAIL SALES UP MORE THAN EXPECTED 1.4% (EXCLUDING AUTOS-SMART MOVE FOR NUMBERS SAKE AND WALL STREET FRAUD), BUT INVENTORIES OF GOODS ROSE (THERE’S A LITTLE COST-ACCOUNTING TRICK WHICH FRAUDS ON WALL STREET WOULD CELEBRATE/ENCOURAGE SINCE QUALITY OF EARNINGS IS APPARENTLY NO LONGER SOMETHING THEY VALUE-SELL THE SIZZLE/B**L S**T/AND WHAT IS LEAST UNDERSTOOD IS THERE MODUS POERANDI/MANTRA, VIZ., OVER-PRODUCE GOODS FOR SALE (THE HIGHER INVENTORIES JUST REPORTED) AND ATTRIBUTE FIXED COSTS TO GREATER NUMBER OF GOODS WHICH WOULD INCREASE PAPER PROFITS FOR THOSE GOODS SOLD IN THE QUARTER (BE ESPECIALLY WARY SINCE COMPUTERIZATION HAS MADE SUCH INVENTORY SURPLUSES AND THE CYCLICAL DOWNTURNS THEREBY RELATIVELY RARE/MINISCULE) AND THEIR RETAIL SALES INCLUDES THOSE HIGH OIL PRICES, BERNANKE JAWBONES DOLLAR UP, RIIIIIGHT, SOME REALITY CATCHES UP AS UNEMPLOYMENT RATE JUMPS TO 5.5% WHILE INTERNATIONAL LAW SCOFFLAW ISRAEL SAYS ATTACKING IRAN INEVITABLE AS OIL ANALYST SAYS $300 OIL IF UN RESOLUTION VIOLATOR/WAR CRIMINAL ISRAEL DOES, BELYING THE FALSE DATA, IE., 6-5-08 UNEMPLOYMENT CLAIMS DOWN UNEXPECTEDLY 18,000 TO STILL HIGH 357,000, ETC., REMAINING PROBLEMS INCLUDING HOME EQUITY AT LOWEST LEVELS SINCE WW2, DOWNGRADES ON FINANCIALS INCLUDING AMBAC AND MBIA, ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I’M SURE FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS, NET WORTH/WEALTH IN U.S. DOWN 11% ACROSS THE BOARD, DOLLAR DOWN AS EUROPE RATIONALLY CONFRONTS INFLATION AND HINTS AT RATE INCREASES, OIL UP SHARPLY, BIG DISCOUNTERS’ GAINS HARDLY MAKE FOR A POSITIVE RETAIL CLIMATE WITH SHOPPING LEVELS DOWN 12-16%, MANUFACTURING INDEX STILL BELOW 50 INDICATING CONTRACTION, CONSTRUCTION DOWN, INFLATION UP (THAT EQUALS STAGFLATION), AIRLINES EXPECTING $2.3 BILLION LOSS INSTEAD OF PREVIOUSLY PROJECTED PROFIT, LARGEST PRICE DECLINES FOR REAL ESTATE OF RECORD –14.4% (-22% IN THE LAND OF FRUITS AND NUTS) ACCORDING TO CASE-SHILLER INDEX, CONSUMER CONFIDENCE AT LOWEST LEVEL IN 16 YEARS, BUT BAD NEWS BULLS RALLY STOCKS ON THE BETTER THAN EXPECTED FAKE DATA ALONG WITH PLAIN BAD NEWS AS CONSUMER CONFIDENCE READING AT 28 YEAR LOW, CONSUMER SPENDING FLAT ADJUSTED FOR INFLATION, INFLATION EXPECTATIONS AT RECORD HIGHS WHILE 55% BELIEVE GOVERNMENT ECONOMIC POLICY IS POOR (I’M SURPRISED AT THE LOW PERCENTAGE RELATIVE TO REALITY), DROP IN OIL INVENTORIES (OIL DROPS) AND FAKE GOV’T REPORT REVISING FIRST QUARTER GROWTH TO .9% (SUUUUURE… YOU THINK THE ‘WHAT HAPPENED’ REVELATIONS, SUBSTANTIVELY REPORTED ON THIS WEBSITE LONG AGO (PRE-WAR), HAD SOMETHING TO DO WITH THE FUDGING ), AND THINGS ARE NOT AS BAD AS THEY REALLY ARE … GREAT … RIIIIIGHT. ANALYST EMPASIZES TREASURY YIELDS AT HIGHEST POINT THIS YEAR, WEAK CONSUMER CONFIDENCE (WHICH TRANSLATES INTO WEAK SPENDING), FINANCIAL MELT-DOWN FAR FROM OVER AS REGIONAL BANKS BEGIN TO TAKE HITS WHILE OIL ANALYST CITES UPWARD PRESSURE ON PRICES AND TOUGH ENVIRONMENT FOR REFINERS. DON’T FORGET: THIS ELECTION YEAR PRINT AND SPEND WORTHLESS WEIMAR DOLLARS, SPIKE IN GOVERNMENT PAYROLLS, FAKE/FUDGE DATA/REPORTS, ETC., CAN’T CONTINUE IN LIGHT OF SUBSTANTIAL DEFICITS AND THE FANTASY BUBBLE WILL BURST POST ELECTION.Bank issues global stock and credit crash alert... Write Offs to Top $1.3 Trillion.Who didn’t see this coming? The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' U.S. faces global funding crisis, warns Merrill Lynch More doom for global economy Visualizing Dow 6,000 ] ...Yahoo Market Update... ..… AP Business Highlights … U.S. Economy: The Worst is Yet to Come , U.S. Bank Failures Loom , New reports give bleak outlook on housing, economy, Foreclosures hit a record high — and more coming, Ford readies white-collar layoffs as sales tumble While GM Shutters 4 North american Factories/Lays off Workers (Reuters), April insured mortgage defaults rise (Reuters))

(11-20-09) Dow 10,318 -14 To stamp out fraud, no change from suckers’ rally worth reporting for second, third, fourth weeks of March and April -436 for the first week of March -12% for the month of February -8.8% (-775) for the month of January -1% for fourth week of January -2.5% for third week of January -4% for second week of January -5% for first full week of January -34% for the year -1% for the fourth week of December No change worth reporting for second and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October Nasdaq 2146 -11 To stamp out fraud, no change from suckers’ rally worth reporting for second, third, fourth weeks of March and April -84 for the first week of March -7% for the month of February -6.4% (-101) for the month of January -1% for fourth week of January -3.3% for third week of January -3% for second week of January -4% for first full week of January -41% for the year -2% for the fourth week of December No change worth reporting for second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October S&P 500 1,091 -4 To stamp out fraud, no change from suckers’ rally worth reporting for second, third, fourth weeks of March and April -52 for the first week of March -11% for the month of February -8.6% (-75) for the month of January -1% for fourth week of January -2.3% for third week of January - 5% for second week of January -4% for first full week of January -39% for the year -2% for the fourth week of December No change worth reporting for second and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $76.72 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $2.76 (reg. gas in LAND OF FRUITS AND NUTS $3.00 REG./ $3.26 MID-GRADE/ $3.35 PREM./ $3.05 DIESEL)/ GOLD $1,151 (New Record) [video] Gold Surges Stocks/Gold Comparison (+5.58% for year 2008) / SILVER $18.51 PLATINUM $1,445 / DOLLAR= .66 EURO, 88 YEN, .59 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.35% …..… AP Business Highlights … ...Yahoo Market Update... ] YAHOO - BRIEFING.COM Weekly Recap Trendsresearch.com forecast for 2009 . ‘WORST ECONOMIC COLLAPSE EVER’ Must Read Economic/Financial Data This Depression is just beginning The Next Wave of Collapse is Coming Sooner than you think ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME [Roubini: 'The worst is yet to come'... Top Eurobank prepares for 'global economic collapse'... ] WITH NEW BUBBLE IN THIS PREPOSTEROUS AND FRAUDULENT ENVIRONMENT WITH CONTINUED SUCKERS’ COMPUTER PROGRAMMED /SHORT-COVERING /BEAR MARKET RALLY (ON TRADE DEFICIT UNEXPECTEDLY UP MORE, CONSUMER CONFIDENCE UNEXPECTEDLY DOWN MORE, DYING DOLLAR, MUCH WORSE THAN EXPECTED 10.2% UNEMPLOYMENT RATE, EVEN MORE FAKE GOVERNMENT REPORTS, NEW RECORD DEFICIT 1.42 TRILLION, HIGHER OIL PRICES, EVER MORE WORTHLESS DOLLAR, CRASH IN COMMERCIAL REAL ESTATE, INCOME/CONFIDENCE DOWN, B.S. SERVICE SECTOR MEANINGLESS REPORT, LOTS OF FORECLOSURE SALES) BASED ON FAKE DATA [WATCH FOR CORRUPT GOV’T, IE., COMMERCE DEPT (GDP +3.5% BEATS ESTIMATES-HAS BEEN PREVIOUSLY DISCOUNTED MANY TIMES OVER), ETC., FALSE REPORTS TO FROTH MARKET], BAD DATA (JOB LOSSES UP, BANKRUPTCIES UP 41%, CAR SALES / MANUFACTURING DOWN, ETC.), BULL S**T (IE., MERGER MANTRA-LIKE CHURN AND EARN COMMISSIONS GREAT FOR WALL STREET FEES BUT BAD FOR EVERYONE ELSE ESPECIALLY SINCE LEADING INDICATORS WITH B.S. STOCK COMPONENT THE ULTIMATE BOOTSTRAP, MORE WORTHLESS WEIMAR DOLLAR, ETC.), BETTER THAN EXPECTATIONS MANTRA (Paul B. Farrell: America's soul is lost and collapse is inevitable Recession Will Be ‘Full-Blown Depression’:(10-17-09) Strategist/Analyst The History of the Future: Trends 2012 Autumn 2012, the “Greatest Depression” has spread worldwide …

(11-19-09) Dow 10,332 -94 To stamp out fraud, no change from suckers’ rally worth reporting for second, third, fourth weeks of March and April -436 for the first week of March -12% for the month of February -8.8% (-775) for the month of January -1% for fourth week of January -2.5% for third week of January -4% for second week of January -5% for first full week of January -34% for the year -1% for the fourth week of December No change worth reporting for second and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October Nasdaq 2156 -36 To stamp out fraud, no change from suckers’ rally worth reporting for second, third, fourth weeks of March and April -84 for the first week of March -7% for the month of February -6.4% (-101) for the month of January -1% for fourth week of January -3.3% for third week of January -3% for second week of January -4% for first full week of January -41% for the year -2% for the fourth week of December No change worth reporting for second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October S&P 500 1,094 -15 To stamp out fraud, no change from suckers’ rally worth reporting for second, third, fourth weeks of March and April -52 for the first week of March -11% for the month of February -8.6% (-75) for the month of January -1% for fourth week of January -2.3% for third week of January - 5% for second week of January -4% for first full week of January -39% for the year -2% for the fourth week of December No change worth reporting for second and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $77.45 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $2.76 (reg. gas in LAND OF FRUITS AND NUTS $3.00 REG./ $3.26 MID-GRADE/ $3.35 PREM./ $3.05 DIESEL)/ GOLD $1,141.90 (New Record) [video] Gold Surges Stocks/Gold Comparison (+5.58% for year 2008) / SILVER $18.45 PLATINUM $1,445 / DOLLAR= .66 EURO, 89 YEN, .59 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.33% …..… AP Business Highlights … ...Yahoo Market Update... ] YAHOO - BRIEFING.COM Weekly Recap Trendsresearch.com forecast for 2009 . ‘WORST ECONOMIC COLLAPSE EVER’ Must Read Economic/Financial Data This Depression is just beginning The Next Wave of Collapse is Coming Sooner than you think ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME [Roubini: 'The worst is yet to come'... Top Eurobank prepares for 'global economic collapse'... ] WITH NEW BUBBLE IN THIS PREPOSTEROUS AND FRAUDULENT ENVIRONMENT WITH CONTINUED SUCKERS’ COMPUTER PROGRAMMED /SHORT-COVERING /BEAR MARKET RALLY (ON TRADE DEFICIT UNEXPECTEDLY UP MORE, CONSUMER CONFIDENCE UNEXPECTEDLY DOWN MORE, DYING DOLLAR, MUCH WORSE THAN EXPECTED 10.2% UNEMPLOYMENT RATE, EVEN MORE FAKE GOVERNMENT REPORTS, NEW RECORD DEFICIT 1.42 TRILLION, HIGHER OIL PRICES, EVER MORE WORTHLESS DOLLAR, CRASH IN COMMERCIAL REAL ESTATE, INCOME/CONFIDENCE DOWN, B.S. SERVICE SECTOR MEANINGLESS REPORT, LOTS OF FORECLOSURE SALES) BASED ON FAKE DATA [WATCH FOR CORRUPT GOV’T, IE., COMMERCE DEPT (GDP +3.5% BEATS ESTIMATES-HAS BEEN PREVIOUSLY DISCOUNTED MANY TIMES OVER), ETC., FALSE REPORTS TO FROTH MARKET], BAD DATA (JOB LOSSES UP, BANKRUPTCIES UP 41%, CAR SALES / MANUFACTURING DOWN, ETC.), BULL S**T (IE., MERGER MANTRA-LIKE CHURN AND EARN COMMISSIONS GREAT FOR WALL STREET FEES BUT BAD FOR EVERYONE ELSE ESPECIALLY SINCE LEADING INDICATORS WITH B.S. STOCK COMPONENT THE ULTIMATE BOOTSTRAP, MORE WORTHLESS WEIMAR DOLLAR, ETC.), BETTER THAN EXPECTATIONS MANTRA (Paul B. Farrell: America's soul is lost and collapse is inevitable Recession Will Be ‘Full-Blown Depression’:(10-17-09) Strategist/Analyst The History of the Future: Trends 2012 Autumn 2012, the “Greatest Depression” has spread worldwide …

(11-18-09) Dow 10,426 -11 To stamp out fraud, no change from suckers’ rally worth reporting for second, third, fourth weeks of March and April -436 for the first week of March -12% for the month of February -8.8% (-775) for the month of January -1% for fourth week of January -2.5% for third week of January -4% for second week of January -5% for first full week of January -34% for the year -1% for the fourth week of December No change worth reporting for second and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October Nasdaq 2193 -11 To stamp out fraud, no change from suckers’ rally worth reporting for second, third, fourth weeks of March and April -84 for the first week of March -7% for the month of February -6.4% (-101) for the month of January -1% for fourth week of January -3.3% for third week of January -3% for second week of January -4% for first full week of January -41% for the year -2% for the fourth week of December No change worth reporting for second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October S&P 500 1,109 -1 To stamp out fraud, no change from suckers’ rally worth reporting for second, third, fourth weeks of March and April -52 for the first week of March -11% for the month of February -8.6% (-75) for the month of January -1% for fourth week of January -2.3% for third week of January - 5% for second week of January -4% for first full week of January -39% for the year -2% for the fourth week of December No change worth reporting for second and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $79.58 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $2.76 (reg. gas in LAND OF FRUITS AND NUTS $3.00 REG./ $3.26 MID-GRADE/ $3.35 PREM./ $3.05 DIESEL)/ GOLD $1,141 (New Record) [video] Gold Surges Stocks/Gold Comparison (+5.58% for year 2008) / SILVER $18.42 PLATINUM $1,453 / DOLLAR= .66 EURO, 89 YEN, .59 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.37% …..… AP Business Highlights … ...Yahoo Market Update... ] YAHOO - BRIEFING.COM Weekly Recap Trendsresearch.com forecast for 2009 . ‘WORST ECONOMIC COLLAPSE EVER’ Must Read Economic/Financial Data This Depression is just beginning The Next Wave of Collapse is Coming Sooner than you think ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME [Roubini: 'The worst is yet to come'... ] WITH NEW BUBBLE IN THIS PREPOSTEROUS AND FRAUDULENT ENVIRONMENT WITH CONTINUED SUCKERS’ COMPUTER PROGRAMMED /SHORT-COVERING /BEAR MARKET RALLY (ON TRADE DEFICIT UNEXPECTEDLY UP MORE, CONSUMER CONFIDENCE UNEXPECTEDLY DOWN MORE, DYING DOLLAR, MUCH WORSE THAN EXPECTED 10.2% UNEMPLOYMENT RATE, EVEN MORE FAKE GOVERNMENT REPORTS, NEW RECORD DEFICIT 1.42 TRILLION, HIGHER OIL PRICES, EVER MORE WORTHLESS DOLLAR, CRASH IN COMMERCIAL REAL ESTATE, INCOME/CONFIDENCE DOWN, B.S. SERVICE SECTOR MEANINGLESS REPORT, LOTS OF FORECLOSURE SALES) BASED ON FAKE DATA [WATCH FOR CORRUPT GOV’T, IE., COMMERCE DEPT (GDP +3.5% BEATS ESTIMATES-HAS BEEN PREVIOUSLY DISCOUNTED MANY TIMES OVER), ETC., FALSE REPORTS TO FROTH MARKET], BAD DATA (JOB LOSSES UP, BANKRUPTCIES UP 41%, CAR SALES / MANUFACTURING DOWN, ETC.), BULL S**T (IE., MERGER MANTRA-LIKE CHURN AND EARN COMMISSIONS GREAT FOR WALL STREET FEES BUT BAD FOR EVERYONE ELSE ESPECIALLY SINCE LEADING INDICATORS WITH B.S. STOCK COMPONENT THE ULTIMATE BOOTSTRAP, MORE WORTHLESS WEIMAR DOLLAR, ETC.), BETTER THAN EXPECTATIONS MANTRA (Paul B. Farrell: America's soul is lost and collapse is inevitable Recession Will Be ‘Full-Blown Depression’:(10-17-09) Strategist/Analyst The History of the Future: Trends 2012 Autumn 2012, the “Greatest Depression” has spread worldwide …

(11-17-09) Dow 10,437 +30 To stamp out fraud, no change from suckers’ rally worth reporting for second, third, fourth weeks of March and April -436 for the first week of March -12% for the month of February -8.8% (-775) for the month of January -1% for fourth week of January -2.5% for third week of January -4% for second week of January -5% for first full week of January -34% for the year -1% for the fourth week of December No change worth reporting for second and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October Nasdaq 2203 +5 To stamp out fraud, no change from suckers’ rally worth reporting for second, third, fourth weeks of March and April -84 for the first week of March -7% for the month of February -6.4% (-101) for the month of January -1% for fourth week of January -3.3% for third week of January -3% for second week of January -4% for first full week of January -41% for the year -2% for the fourth week of December No change worth reporting for second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October S&P 500 1,110 +1 To stamp out fraud, no change from suckers’ rally worth reporting for second, third, fourth weeks of March and April -52 for the first week of March -11% for the month of February -8.6% (-75) for the month of January -1% for fourth week of January -2.3% for third week of January - 5% for second week of January -4% for first full week of January -39% for the year -2% for the fourth week of December No change worth reporting for second and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $79.14 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $2.76 (reg. gas in LAND OF FRUITS AND NUTS $3.00 REG./ $3.26 MID-GRADE/ $3.35 PREM./ $3.05 DIESEL)/ GOLD $1,139 (New Record) [video] Gold Surges Stocks/Gold Comparison (+5.58% for year 2008) / SILVER $18.39 PLATINUM $1,462 / DOLLAR= .66 EURO, 89 YEN, .59 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.33% …..… AP Business Highlights … ...Yahoo Market Update... ] YAHOO - BRIEFING.COM Weekly Recap Trendsresearch.com forecast for 2009 . ‘WORST ECONOMIC COLLAPSE EVER’ Must Read Economic/Financial Data This Depression is just beginning The Next Wave of Collapse is Coming Sooner than you think ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME [Roubini: 'The worst is yet to come'... ] WITH NEW BUBBLE IN THIS PREPOSTEROUS AND FRAUDULENT ENVIRONMENT WITH CONTINUED SUCKERS’ COMPUTER PROGRAMMED /SHORT-COVERING /BEAR MARKET RALLY (ON TRADE DEFICIT UNEXPECTEDLY UP MORE, CONSUMER CONFIDENCE UNEXPECTEDLY DOWN MORE, DYING DOLLAR, MUCH WORSE THAN EXPECTED 10.2% UNEMPLOYMENT RATE, EVEN MORE FAKE GOVERNMENT REPORTS, NEW RECORD DEFICIT 1.42 TRILLION, HIGHER OIL PRICES, EVER MORE WORTHLESS DOLLAR, CRASH IN COMMERCIAL REAL ESTATE, INCOME/CONFIDENCE DOWN, B.S. SERVICE SECTOR MEANINGLESS REPORT, LOTS OF FORECLOSURE SALES) BASED ON FAKE DATA [WATCH FOR CORRUPT GOV’T, IE., COMMERCE DEPT (GDP +3.5% BEATS ESTIMATES-HAS BEEN PREVIOUSLY DISCOUNTED MANY TIMES OVER), ETC., FALSE REPORTS TO FROTH MARKET], BAD DATA (JOB LOSSES UP, BANKRUPTCIES UP 41%, CAR SALES / MANUFACTURING DOWN, ETC.), BULL S**T (IE., MERGER MANTRA-LIKE CHURN AND EARN COMMISSIONS GREAT FOR WALL STREET FEES BUT BAD FOR EVERYONE ELSE ESPECIALLY SINCE LEADING INDICATORS WITH B.S. STOCK COMPONENT THE ULTIMATE BOOTSTRAP, MORE WORTHLESS WEIMAR DOLLAR, ETC.), BETTER THAN EXPECTATIONS MANTRA (Paul B. Farrell: America's soul is lost and collapse is inevitable Recession Will Be ‘Full-Blown Depression’:(10-17-09) Strategist/Analyst The History of the Future: Trends 2012 Autumn 2012, the “Greatest Depression” has spread worldwide …

(11-16-09) Dow 10,406 +136 To stamp out fraud, no change from suckers’ rally worth reporting for second, third, fourth weeks of March and April -436 for the first week of March -12% for the month of February -8.8% (-775) for the month of January -1% for fourth week of January -2.5% for third week of January -4% for second week of January -5% for first full week of January -34% for the year -1% for the fourth week of December No change worth reporting for second and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October Nasdaq 2197 +29 To stamp out fraud, no change from suckers’ rally worth reporting for second, third, fourth weeks of March and April -84 for the first week of March -7% for the month of February -6.4% (-101) for the month of January -1% for fourth week of January -3.3% for third week of January -3% for second week of January -4% for first full week of January -41% for the year -2% for the fourth week of December No change worth reporting for second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October S&P 500 1,109 +15 To stamp out fraud, no change from suckers’ rally worth reporting for second, third, fourth weeks of March and April -52 for the first week of March -11% for the month of February -8.6% (-75) for the month of January -1% for fourth week of January -2.3% for third week of January - 5% for second week of January -4% for first full week of January -39% for the year -2% for the fourth week of December No change worth reporting for second and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $78.90(-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $2.76 (reg. gas in LAND OF FRUITS AND NUTS $3.09 REG./ $3.26 MID-GRADE/ $3.35 PREM./ $3.05 DIESEL)/ GOLD $1,139 (New Record) [video] Gold Surges Stocks/Gold Comparison (+5.58% for year 2008) / SILVER $18.40 PLATINUM $1,445 / DOLLAR= .66 EURO, 89 YEN, .59 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.35% …..… AP Business Highlights … ...Yahoo Market Update... ] YAHOO - BRIEFING.COM Weekly Recap Trendsresearch.com forecast for 2009 . ‘WORST ECONOMIC COLLAPSE EVER’ Must Read Economic/Financial Data This Depression is just beginning The Next Wave of Collapse is Coming Sooner than you think ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME [Roubini: 'The worst is yet to come'... ] WITH NEW BUBBLE IN THIS PREPOSTEROUS AND FRAUDULENT ENVIRONMENT WITH CONTINUED SUCKERS’ COMPUTER PROGRAMMED /SHORT-COVERING /BEAR MARKET RALLY (ON TRADE DEFICIT UNEXPECTEDLY UP MORE, CONSUMER CONFIDENCE UNEXPECTEDLY DOWN MORE, DYING DOLLAR, MUCH WORSE THAN EXPECTED 10.2% UNEMPLOYMENT RATE, EVEN MORE FAKE GOVERNMENT REPORTS, NEW RECORD DEFICIT 1.42 TRILLION, HIGHER OIL PRICES, EVER MORE WORTHLESS DOLLAR, CRASH IN COMMERCIAL REAL ESTATE, INCOME/CONFIDENCE DOWN, B.S. SERVICE SECTOR MEANINGLESS REPORT, LOTS OF FORECLOSURE SALES) BASED ON FAKE DATA [WATCH FOR CORRUPT GOV’T, IE., COMMERCE DEPT (GDP +3.5% BEATS ESTIMATES-HAS BEEN PREVIOUSLY DISCOUNTED MANY TIMES OVER), ETC., FALSE REPORTS TO FROTH MARKET], BAD DATA (JOB LOSSES UP, BANKRUPTCIES UP 41%, CAR SALES / MANUFACTURING DOWN, ETC.), BULL S**T (IE., MERGER MANTRA-LIKE CHURN AND EARN COMMISSIONS GREAT FOR WALL STREET FEES BUT BAD FOR EVERYONE ELSE ESPECIALLY SINCE LEADING INDICATORS WITH B.S. STOCK COMPONENT THE ULTIMATE BOOTSTRAP, MORE WORTHLESS WEIMAR DOLLAR, ETC.), BETTER THAN EXPECTATIONS MANTRA (Paul B. Farrell: America's soul is lost and collapse is inevitable Recession Will Be ‘Full-Blown Depression’:(10-17-09) Strategist/Analyst The History of the Future: Trends 2012 Autumn 2012, the “Greatest Depression” has spread worldwide …

(11-13-09) Dow 10,270 +73 To stamp out fraud, no change from suckers’ rally worth reporting for second, third, fourth weeks of March and April -436 for the first week of March -12% for the month of February -8.8% (-775) for the month of January -1% for fourth week of January -2.5% for third week of January -4% for second week of January -5% for first full week of January -34% for the year -1% for the fourth week of December No change worth reporting for second and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October Nasdaq 2168 +18 To stamp out fraud, no change from suckers’ rally worth reporting for second, third, fourth weeks of March and April -84 for the first week of March -7% for the month of February -6.4% (-101) for the month of January -1% for fourth week of January -3.3% for third week of January -3% for second week of January -4% for first full week of January -41% for the year -2% for the fourth week of December No change worth reporting for second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October S&P 500 1,093 +6 To stamp out fraud, no change from suckers’ rally worth reporting for second, third, fourth weeks of March and April -52 for the first week of March -11% for the month of February -8.6% (-75) for the month of January -1% for fourth week of January -2.3% for third week of January - 5% for second week of January -4% for first full week of January -39% for the year -2% for the fourth week of December No change worth reporting for second and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $76.35(-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $2.76 (reg. gas in LAND OF FRUITS AND NUTS $3.09 REG./ $3.26 MID-GRADE/ $3.35 PREM./ $3.05 DIESEL)/ GOLD $1,117 (New Record) [video] Gold Surges Stocks/Gold Comparison (+5.58% for year 2008) / SILVER $17.38 PLATINUM $1,386 / DOLLAR= .66 EURO, 89 YEN, .59 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.42% …..… AP Business Highlights … ...Yahoo Market Update... ] YAHOO - BRIEFING.COM Weekly Recap Trendsresearch.com forecast for 2009 . ‘WORST ECONOMIC COLLAPSE EVER’ Must Read Economic/Financial Data This Depression is just beginning The Next Wave of Collapse is Coming Sooner than you think ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME WITH NEW BUBBLE IN THIS PREPOSTEROUS AND FRAUDULENT ENVIRONMENT WITH CONTINUED SUCKERS’ COMPUTER PROGRAMMED /SHORT-COVERING /BEAR MARKET RALLY (ON TRADE DEFICIT UNEXPECTEDLY UP MORE, CONSUMER CONFIDENCE UNEXPECTEDLY DOWN MORE, DYING DOLLAR, MUCH WORSE THAN EXPECTED 10.2% UNEMPLOYMENT RATE, EVEN MORE FAKE GOVERNMENT REPORTS, NEW RECORD DEFICIT 1.42 TRILLION, HIGHER OIL PRICES, EVER MORE WORTHLESS DOLLAR, CRASH IN COMMERCIAL REAL ESTATE, INCOME/CONFIDENCE DOWN, B.S. SERVICE SECTOR MEANINGLESS REPORT, LOTS OF FORECLOSURE SALES) BASED ON FAKE DATA [WATCH FOR CORRUPT GOV’T, IE., COMMERCE DEPT (GDP +3.5% BEATS ESTIMATES-HAS BEEN PREVIOUSLY DISCOUNTED MANY TIMES OVER), ETC., FALSE REPORTS TO FROTH MARKET], BAD DATA (JOB LOSSES UP, BANKRUPTCIES UP 41%, CAR SALES / MANUFACTURING DOWN, ETC.), BULL S**T (IE., MERGER MANTRA-LIKE CHURN AND EARN COMMISSIONS GREAT FOR WALL STREET FEES BUT BAD FOR EVERYONE ELSE ESPECIALLY SINCE LEADING INDICATORS WITH B.S. STOCK COMPONENT THE ULTIMATE BOOTSTRAP, MORE WORTHLESS WEIMAR DOLLAR, ETC.), BETTER THAN EXPECTATIONS MANTRA (Paul B. Farrell: America's soul is lost and collapse is inevitable Recession Will Be ‘Full-Blown Depression’:(10-17-09) Strategist/Analyst The History of the Future: Trends 2012 Autumn 2012, the “Greatest Depression” has spread worldwide …

(11-12-09) Dow 10,197 -95 To stamp out fraud, no change from suckers’ rally worth reporting for second, third, fourth weeks of March and April -436 for the first week of March -12% for the month of February -8.8% (-775) for the month of January -1% for fourth week of January -2.5% for third week of January -4% for second week of January -5% for first full week of January -34% for the year -1% for the fourth week of December No change worth reporting for second and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October Nasdaq 2149 -18 To stamp out fraud, no change from suckers’ rally worth reporting for second, third, fourth weeks of March and April -84 for the first week of March -7% for the month of February -6.4% (-101) for the month of January -1% for fourth week of January -3.3% for third week of January -3% for second week of January -4% for first full week of January -41% for the year -2% for the fourth week of December No change worth reporting for second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October S&P 500 1,087 -11 To stamp out fraud, no change from suckers’ rally worth reporting for second, third, fourth weeks of March and April -52 for the first week of March -11% for the month of February -8.6% (-75) for the month of January -1% for fourth week of January -2.3% for third week of January - 5% for second week of January -4% for first full week of January -39% for the year -2% for the fourth week of December No change worth reporting for second and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $76.95(-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $2.76 (reg. gas in LAND OF FRUITS AND NUTS $3.09 REG./ $3.26 MID-GRADE/ $3.35 PREM./ $3.05 DIESEL)/ GOLD $1,106.59 (New Record) [video] Gold Surges Stocks/Gold Comparison (+5.58% for year 2008) / SILVER $17.26 PLATINUM $1,363 / DOLLAR= .66 EURO, 89 YEN, .59 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.45% …..… AP Business Highlights … ...Yahoo Market Update... ] YAHOO - BRIEFING.COM Weekly Recap Trendsresearch.com forecast for 2009 . ‘WORST ECONOMIC COLLAPSE EVER’ Must Read Economic/Financial Data This Depression is just beginning The Next Wave of Collapse is Coming Sooner than you think ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME WITH MODEST LOSSES RELATIVE TO REALITY WITH NEW BUBBLE IN THIS PREPOSTEROUS AND FRAUDULENT ENVIRONMENT WITH CONTINUED SUCKERS’ COMPUTER PROGRAMMED /SHORT-COVERING /BEAR MARKET RALLY (ON DYING DOLLAR, MUCH WORSE THAN EXPECTED 10.2% UNEMPLOYMENT RATE, EVEN MORE FAKE GOVERNMENT REPORTS, NEW RECORD DEFICIT 1.42 TRILLION, HIGHER OIL PRICES, EVER MORE WORTHLESS DOLLAR, CRASH IN COMMERCIAL REAL ESTATE, INCOME/CONFIDENCE DOWN, B.S. SERVICE SECTOR MEANINGLESS REPORT, LOTS OF FORECLOSURE SALES) BASED ON FAKE DATA [WATCH FOR CORRUPT GOV’T, IE., COMMERCE DEPT (GDP +3.5% BEATS ESTIMATES-HAS BEEN PREVIOUSLY DISCOUNTED MANY TIMES OVER), ETC., FALSE REPORTS TO FROTH MARKET], BAD DATA (JOB LOSSES UP, BANKRUPTCIES UP 41%, CAR SALES / MANUFACTURING DOWN, ETC.), BULL S**T (IE., MERGER MANTRA-LIKE CHURN AND EARN COMMISSIONS GREAT FOR WALL STREET FEES BUT BAD FOR EVERYONE ELSE ESPECIALLY SINCE LEADING INDICATORS WITH B.S. STOCK COMPONENT THE ULTIMATE BOOTSTRAP, MORE WORTHLESS WEIMAR DOLLAR, ETC.), BETTER THAN EXPECTATIONS MANTRA (Paul B. Farrell: America's soul is lost and collapse is inevitable Recession Will Be ‘Full-Blown Depression’:(10-17-09) Strategist/Analyst The History of the Future: Trends 2012 Autumn 2012, the “Greatest Depression” has spread worldwide …

(11-11-09) Dow 10,291 +45 To stamp out fraud, no change from suckers’ rally worth reporting for second, third, fourth weeks of March and April -436 for the first week of March -12% for the month of February -8.8% (-775) for the month of January -1% for fourth week of January -2.5% for third week of January -4% for second week of January -5% for first full week of January -34% for the year -1% for the fourth week of December No change worth reporting for second and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October Nasdaq 2167 +15 To stamp out fraud, no change from suckers’ rally worth reporting for second, third, fourth weeks of March and April -84 for the first week of March -7% for the month of February -6.4% (-101) for the month of January -1% for fourth week of January -3.3% for third week of January -3% for second week of January -4% for first full week of January -41% for the year -2% for the fourth week of December No change worth reporting for second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October S&P 500 1,098 +5 To stamp out fraud, no change from suckers’ rally worth reporting for second, third, fourth weeks of March and April -52 for the first week of March -11% for the month of February -8.6% (-75) for the month of January -1% for fourth week of January -2.3% for third week of January - 5% for second week of January -4% for first full week of January -39% for the year -2% for the fourth week of December No change worth reporting for second and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $79.29 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $2.76 (reg. gas in LAND OF FRUITS AND NUTS $3.09 REG./ $3.26 MID-GRADE/ $3.35 PREM./ $3.05 DIESEL)/ GOLD $1,114.59 (New Record) [video] Gold Surges Stocks/Gold Comparison (+5.58% for year 2008) / SILVER $17.54 PLATINUM $1,365 / DOLLAR= .66 EURO, 89 YEN, .59 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.47% …..… AP Business Highlights … ...Yahoo Market Update... ] YAHOO - BRIEFING.COM Weekly Recap Trendsresearch.com forecast for 2009 . ‘WORST ECONOMIC COLLAPSE EVER’ Must Read Economic/Financial Data This Depression is just beginning The Next Wave of Collapse is Coming Sooner than you think ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME WITH NEW BUBBLE IN THIS PREPOSTEROUS AND FRAUDULENT ENVIRONMENT WITH CONTINUED SUCKERS’ COMPUTER PROGRAMMED /SHORT-COVERING /BEAR MARKET RALLY (ON DYING DOLLAR, MUCH WORSE THAN EXPECTED 10.2% UNEMPLOYMENT RATE, EVEN MORE FAKE GOVERNMENT REPORTS, NEW RECORD DEFICIT 1.42 TRILLION, HIGHER OIL PRICES, EVER MORE WORTHLESS DOLLAR, CRASH IN COMMERCIAL REAL ESTATE, INCOME/CONFIDENCE DOWN, B.S. SERVICE SECTOR MEANINGLESS REPORT, LOTS OF FORECLOSURE SALES) BASED ON FAKE DATA [WATCH FOR CORRUPT GOV’T, IE., COMMERCE DEPT (GDP +3.5% BEATS ESTIMATES-HAS BEEN PREVIOUSLY DISCOUNTED MANY TIMES OVER), ETC., FALSE REPORTS TO FROTH MARKET], BAD DATA (JOB LOSSES UP, BANKRUPTCIES UP 41%, CAR SALES / MANUFACTURING DOWN, ETC.), BULL S**T (IE., MERGER MANTRA-LIKE CHURN AND EARN COMMISSIONS GREAT FOR WALL STREET FEES BUT BAD FOR EVERYONE ELSE ESPECIALLY SINCE LEADING INDICATORS WITH B.S. STOCK COMPONENT THE ULTIMATE BOOTSTRAP, MORE WORTHLESS WEIMAR DOLLAR, ETC.), BETTER THAN EXPECTATIONS MANTRA (Paul B. Farrell: America's soul is lost and collapse is inevitable Recession Will Be ‘Full-Blown Depression’:(10-17-09) Strategist/Analyst The History of the Future: Trends 2012 Autumn 2012, the “Greatest Depression” has spread worldwide …

(11-10-09) Dow 10,246 +20 To stamp out fraud, no change from suckers’ rally worth reporting for second, third, fourth weeks of March and April -436 for the first week of March -12% for the month of February -8.8% (-775) for the month of January -1% for fourth week of January -2.5% for third week of January -4% for second week of January -5% for first full week of January -34% for the year -1% for the fourth week of December No change worth reporting for second and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October Nasdaq 2151 -3 To stamp out fraud, no change from suckers’ rally worth reporting for second, third, fourth weeks of March and April -84 for the first week of March -7% for the month of February -6.4% (-101) for the month of January -1% for fourth week of January -3.3% for third week of January -3% for second week of January -4% for first full week of January -41% for the year -2% for the fourth week of December No change worth reporting for second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October S&P 500 1,093 -1 To stamp out fraud, no change from suckers’ rally worth reporting for second, third, fourth weeks of March and April -52 for the first week of March -11% for the month of February -8.6% (-75) for the month of January -1% for fourth week of January -2.3% for third week of January - 5% for second week of January -4% for first full week of January -39% for the year -2% for the fourth week of December No change worth reporting for second and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $79.05 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $2.76 (reg. gas in LAND OF FRUITS AND NUTS $3.09 REG./ $3.26 MID-GRADE/ $3.35 PREM./ $3.05 DIESEL)/ GOLD $1,103 [video] Gold Surges Stocks/Gold Comparison (+5.58% for year 2008) / SILVER $17.22 PLATINUM $1,351 / DOLLAR= .66 EURO, 89 YEN, .59 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.47% …..… AP Business Highlights … ...Yahoo Market Update... ] YAHOO - BRIEFING.COM Weekly Recap Trendsresearch.com forecast for 2009 . ‘WORST ECONOMIC COLLAPSE EVER’ Must Read Economic/Financial Data This Depression is just beginning The Next Wave of Collapse is Coming Sooner than you think ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN WITH MUCH WORSE TO COME WITH NEW BUBBLE IN THIS PREPOSTEROUS AND FRAUDULENT ENVIRONMENT WITH CONTINUED SUCKERS’ COMPUTER PROGRAMMED /SHORT-COVERING /BEAR MARKET RALLY (ON DYING DOLLAR, MUCH WORSE THAN EXPECTED 10.2% UNEMPLOYMENT RATE, EVEN MORE FAKE GOVERNMENT REPORTS, NEW RECORD DEFICIT 1.42 TRILLION, HIGHER OIL PRICES, EVER MORE WORTHLESS DOLLAR, CRASH IN COMMERCIAL REAL ESTATE, INCOME/CONFIDENCE DOWN, B.S. SERVICE SECTOR MEANINGLESS REPORT, LOTS OF FORECLOSURE SALES) BASED ON FAKE DATA [WATCH FOR CORRUPT GOV’T, IE., COMMERCE DEPT (GDP +3.5% BEATS ESTIMATES-HAS BEEN PREVIOUSLY DISCOUNTED MANY TIMES OVER), ETC., FALSE REPORTS TO FROTH MARKET], BAD DATA (JOB LOSSES UP, BANKRUPTCIES UP 41%, CAR SALES / MANUFACTURING DOWN, ETC.), BULL S**T (IE., MERGER MANTRA-LIKE CHURN AND EARN COMMISSIONS GREAT FOR WALL STREET FEES BUT BAD FOR EVERYONE ELSE ESPECIALLY SINCE LEADING INDICATORS WITH B.S. STOCK COMPONENT THE ULTIMATE BOOTSTRAP, MORE WORTHLESS WEIMAR DOLLAR, ETC.), BETTER THAN EXPECTATIONS MANTRA (Paul B. Farrell: America's soul is lost and collapse is inevitable Recession Will Be ‘Full-Blown Depression’:(10-17-09) Strategist/Analyst The History of the Future: Trends 2012 Autumn 2012, the “Greatest Depression” has spread worldwide …

(11-9-09) Dow 10,227 +203 To stamp out fraud, no change from suckers’ rally worth reporting for second, third, fourth weeks of March and April -436 for the first week of March -12% for the month of February -8.8% (-775) for the month of January -1% for fourth week of January -2.5% for third week of January -4% for second week of January -5% for first full week of January -34% for the year -1% for the fourth week of December No change worth reporting for second and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October Nasdaq 2154 +41 To stamp out fraud, no change from suckers’ rally worth reporting for second, third, fourth weeks of March and April -84 for the first week of March -7% for the month of February -6.4% (-101) for the month of January -1% for fourth week of January -3.3% for third week of January -3% for second week of January -4% for first full week of January -41% for the year -2% for the fourth week of December No change worth reporting for second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October S&P 500 1,093 +24 To stamp out fraud, no change from suckers’ rally worth reporting for second, third, fourth weeks of March and April -52 for the first week of March -11% for the month of February -8.6% (-75) for the month of January -1% for fourth week of January -2.3% for third week of January - 5% for second week of January -4% for first full week of January -39% for the year -2% for the fourth week of December No change worth reporting for second and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $79.62 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $2.76 (reg. gas in LAND OF FRUITS AND NUTS $3.09 REG./ $3.26 MID-GRADE/ $3.35 PREM./ $3.05 DIESEL)/ GOLD $1,101 [video] Gold Surges Stocks/Gold Comparison (+5.58% for year 2008) / SILVER $17.59 PLATINUM $1,368 / DOLLAR= .66 EURO, 89 YEN, .59 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.49% …..… AP Business Highlights … ...Yahoo Market Update... ] YAHOO - BRIEFING.COM Weekly Recap Trendsresearch.com forecast for 2009 . ‘WORST ECONOMIC COLLAPSE EVER’ Must Read Economic/Financial Data This Depression is just beginning The Next Wave of Collapse is Coming Sooner than you think ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN WITH MUCH WORSE TO COME WITH NEW BUBBLE IN THIS PREPOSTEROUS AND FRAUDULENT ENVIRONMENT WITH CONTINUED SUCKERS’ COMPUTER PROGRAMMED /SHORT-COVERING /BEAR MARKET RALLY (ON DYING DOLLAR, MUCH WORSE THAN EXPECTED 10.2% UNEMPLOYMENT RATE, EVEN MORE FAKE GOVERNMENT REPORTS, NEW RECORD DEFICIT 1.42 TRILLION, HIGHER OIL PRICES, EVER MORE WORTHLESS DOLLAR, CRASH IN COMMERCIAL REAL ESTATE, INCOME/CONFIDENCE DOWN, B.S. SERVICE SECTOR MEANINGLESS REPORT, LOTS OF FORECLOSURE SALES) BASED ON FAKE DATA [WATCH FOR CORRUPT GOV’T, IE., COMMERCE DEPT (GDP +3.5% BEATS ESTIMATES-HAS BEEN PREVIOUSLY DISCOUNTED MANY TIMES OVER), ETC., FALSE REPORTS TO FROTH MARKET], BAD DATA (JOB LOSSES UP, BANKRUPTCIES UP 41%, CAR SALES / MANUFACTURING DOWN, ETC.), BULL S**T (IE., MERGER MANTRA-LIKE CHURN AND EARN COMMISSIONS GREAT FOR WALL STREET FEES BUT BAD FOR EVERYONE ELSE ESPECIALLY SINCE LEADING INDICATORS WITH B.S. STOCK COMPONENT THE ULTIMATE BOOTSTRAP, MORE WORTHLESS WEIMAR DOLLAR, ETC.), BETTER THAN EXPECTATIONS MANTRA (Paul B. Farrell: America's soul is lost and collapse is inevitable Recession Will Be ‘Full-Blown Depression’:(10-17-09) Strategist/Analyst The History of the Future: Trends 2012 Autumn 2012, the “Greatest Depression” has spread worldwide …

(11-6-09) Dow 10,023 +17 To stamp out fraud, no change from suckers’ rally worth reporting for second, third, fourth weeks of March and April -436 for the first week of March -12% for the month of February -8.8% (-775) for the month of January -1% for fourth week of January -2.5% for third week of January -4% for second week of January -5% for first full week of January -34% for the year -1% for the fourth week of December No change worth reporting for second and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October Nasdaq 2112 +7 To stamp out fraud, no change from suckers’ rally worth reporting for second, third, fourth weeks of March and April -84 for the first week of March -7% for the month of February -6.4% (-101) for the month of January -1% for fourth week of January -3.3% for third week of January -3% for second week of January -4% for first full week of January -41% for the year -2% for the fourth week of December No change worth reporting for second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October S&P 500 1,069 +2 To stamp out fraud, no change from suckers’ rally worth reporting for second, third, fourth weeks of March and April -52 for the first week of March -11% for the month of February -8.6% (-75) for the month of January -1% for fourth week of January -2.3% for third week of January - 5% for second week of January -4% for first full week of January -39% for the year -2% for the fourth week of December No change worth reporting for second and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $79.62 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $2.76 (reg. gas in LAND OF FRUITS AND NUTS $3.09 REG./ $3.26 MID-GRADE/ $3.35 PREM./ $3.05 DIESEL)/ GOLD $1,089 [video] Gold Surges Stocks/Gold Comparison (+5.58% for year 2008) / SILVER $17.41 PLATINUM $1,362 / DOLLAR= .66 EURO, 90 YEN, .60 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.53% …..… AP Business Highlights … ...Yahoo Market Update... ] YAHOO - BRIEFING.COM Weekly Recap Trendsresearch.com forecast for 2009 . ‘WORST ECONOMIC COLLAPSE EVER’ Must Read Economic/Financial Data This Depression is just beginning The Next Wave of Collapse is Coming Sooner than you think ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN IN THIS PREPOSTEROUS AND FRAUDULENT ENVIRONMENT WITH CONTINUED SUCKERS’ COMPUTER PROGRAMMED /SHORT-COVERING /BEAR MARKET RALLY (ON MUCH WORSE THAN EXPECTED 10.2% UNEMPLOYMENT RATE, ON EVEN MORE FAKE GOVERNMENT REPORTS, NEW RECORD DEFICIT 1.42 TRILLION, HIGHER OIL PRICES, EVER MORE WORTHLESS DOLLAR, CRASH IN COMMERCIAL REAL ESTATE, INCOME/CONFIDENCE DOWN, B.S. SERVICE SECTOR MEANINGLESS REPORT, LOTS OF FORECLOSURE SALES) BASED ON FAKE DATA [WATCH FOR CORRUPT GOV’T, IE., COMMERCE DEPT (GDP +3.5% BEATS ESTIMATES-HAS BEEN PREVIOUSLY DISCOUNTED MANY TIMES OVER), ETC., FALSE REPORTS TO FROTH MARKET], BAD DATA (JOB LOSSES UP, BANKRUPTCIES UP 41%, CAR SALES / MANUFACTURING DOWN, ETC.), BULL S**T (IE., MERGER MANTRA-LIKE CHURN AND EARN COMMISSIONS GREAT FOR WALL STREET FEES BUT BAD FOR EVERYONE ELSE ESPECIALLY SINCE LEADING INDICATORS WITH B.S. STOCK COMPONENT THE ULTIMATE BOOTSTRAP, MORE WORTHLESS WEIMAR DOLLAR, ETC.), BETTER THAN EXPECTATIONS MANTRA (Paul B. Farrell: America's soul is lost and collapse is inevitable Recession Will Be ‘Full-Blown Depression’:(10-17-09) Strategist/Analyst The History of the Future: Trends 2012 Autumn 2012, the “Greatest Depression” has spread worldwide …

(11-5-09) Dow 10,005 +203 To stamp out fraud, no change from suckers’ rally worth reporting for second, third, fourth weeks of March and April -436 for the first week of March -12% for the month of February -8.8% (-775) for the month of January -1% for fourth week of January -2.5% for third week of January -4% for second week of January -5% for first full week of January -34% for the year -1% for the fourth week of December No change worth reporting for second and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October Nasdaq 2105 +49 To stamp out fraud, no change from suckers’ rally worth reporting for second, third, fourth weeks of March and April -84 for the first week of March -7% for the month of February -6.4% (-101) for the month of January -1% for fourth week of January -3.3% for third week of January -3% for second week of January -4% for first full week of January -41% for the year -2% for the fourth week of December No change worth reporting for second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October S&P 500 1,066 +20 To stamp out fraud, no change from suckers’ rally worth reporting for second, third, fourth weeks of March and April -52 for the first week of March -11% for the month of February -8.6% (-75) for the month of January -1% for fourth week of January -2.3% for third week of January - 5% for second week of January -4% for first full week of January -39% for the year -2% for the fourth week of December No change worth reporting for second and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $79.62 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $2.76 (reg. gas in LAND OF FRUITS AND NUTS $3.09 REG./ $3.26 MID-GRADE/ $3.35 PREM./ $3.05 DIESEL)/ GOLD $1,089 [video] Gold Surges Stocks/Gold Comparison (+5.58% for year 2008) / SILVER $17.41 PLATINUM $1,362 / DOLLAR= .66 EURO, 90 YEN, .60 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.53% …..… AP Business Highlights … ...Yahoo Market Update... ] YAHOO - BRIEFING.COM Weekly Recap Trendsresearch.com forecast for 2009 . ‘WORST ECONOMIC COLLAPSE EVER’ Must Read Economic/Financial Data This Depression is just beginning The Next Wave of Collapse is Coming Sooner than you think ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN IN THIS PREPOSTEROUS AND FRAUDULENT ENVIRONMENT WITH CONTINUED SUCKERS’ COMPUTER PROGRAMMED /SHORT-COVERING /BEAR MARKET RALLY (ON EVEN MORE FAKE GOVERNMENT REPORTS, NEW RECORD DEFICIT 1.42 TRILLION, HIGHER OIL PRICES, EVER MORE WORTHLESS DOLLAR, CRASH IN COMMERCIAL REAL ESTATE, INCOME/CONFIDENCE DOWN, B.S. SERVICE SECTOR MEANINGLESS REPORT, LOTS OF FORECLOSURE SALES) BASED ON FAKE DATA [WATCH FOR CORRUPT GOV’T, IE., COMMERCE DEPT (GDP +3.5% BEATS ESTIMATES-HAS BEEN PREVIOUSLY DISCOUNTED MANY TIMES OVER), ETC., FALSE REPORTS TO FROTH MARKET], BAD DATA (JOB LOSSES UP, BANKRUPTCIES UP 41%, CAR SALES / MANUFACTURING DOWN, ETC.), BULL S**T (IE., MERGER MANTRA-LIKE CHURN AND EARN COMMISSIONS GREAT FOR WALL STREET FEES BUT BAD FOR EVERYONE ELSE ESPECIALLY SINCE LEADING INDICATORS WITH B.S. STOCK COMPONENT THE ULTIMATE BOOTSTRAP, MORE WORTHLESS WEIMAR DOLLAR, ETC.), BETTER THAN EXPECTATIONS MANTRA (Paul B. Farrell: America's soul is lost and collapse is inevitable Recession Will Be ‘Full-Blown Depression’:(10-17-09) Strategist/Analyst The History of the Future: Trends 2012 Autumn 2012, the “Greatest Depression” has spread worldwide …

(11-4-09) Dow 9,802 +30 To stamp out fraud, no change from suckers’ rally worth reporting for second, third, fourth weeks of March and April -436 for the first week of March -12% for the month of February -8.8% (-775) for the month of January -1% for fourth week of January -2.5% for third week of January -4% for second week of January -5% for first full week of January -34% for the year -1% for the fourth week of December No change worth reporting for second and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October Nasdaq 2055 -2 To stamp out fraud, no change from suckers’ rally worth reporting for second, third, fourth weeks of March and April -84 for the first week of March -7% for the month of February -6.4% (-101) for the month of January -1% for fourth week of January -3.3% for third week of January -3% for second week of January -4% for first full week of January -41% for the year -2% for the fourth week of December No change worth reporting for second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October S&P 500 1,046 +1 To stamp out fraud, no change from suckers’ rally worth reporting for second, third, fourth weeks of March and April -52 for the first week of March -11% for the month of February -8.6% (-75) for the month of January -1% for fourth week of January -2.3% for third week of January - 5% for second week of January -4% for first full week of January -39% for the year -2% for the fourth week of December No change worth reporting for second and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $79.60 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $2.76 (reg. gas in LAND OF FRUITS AND NUTS $3.09 REG./ $3.26 MID-GRADE/ $3.35 PREM./ $3.05 DIESEL)/ GOLD $1,087 [video] Gold Surges Stocks/Gold Comparison (+5.58% for year 2008) / SILVER $17.40 PLATINUM $1,369 / DOLLAR= .66 EURO, 90 YEN, .60 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.52% …..… AP Business Highlights … ...Yahoo Market Update... ] YAHOO - BRIEFING.COM Weekly Recap Trendsresearch.com forecast for 2009 . ‘WORST ECONOMIC COLLAPSE EVER’ Must Read Economic/Financial Data This Depression is just beginning The Next Wave of Collapse is Coming Sooner than you think ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN IN THIS PREPOSTEROUS AND FRAUDULENT ENVIRONMENT WITH CONTINUED SUCKERS’ COMPUTER PROGRAMMED /SHORT-COVERING /BEAR MARKET RALLY INTO THE CLOSE OFF LOWS TO END MIXED (ON NEW RECORD DEFICIT 1.42 TRILLION, HIGHER OIL PRICES, EVER MORE WORTHLESS DOLLAR, CRASH IN COMMERCIAL REAL ESTATE, INCOME/CONFIDENCE DOWN, B.S. SERVICE SECTOR MEANINGLESS REPORT, LOTS OF FORECLOSURE SALES) BASED ON FAKE DATA [WATCH FOR CORRUPT GOV’T, IE., COMMERCE DEPT (GDP +3.5% BEATS ESTIMATES-HAS BEEN PREVIOUSLY DISCOUNTED MANY TIMES OVER), ETC., FALSE REPORTS TO FROTH MARKET], BAD DATA (JOB LOSSES UP, BANKRUPTCIES UP 41%, CAR SALES / MANUFACTURING DOWN, ETC.), BULL S**T (IE., MERGER MANTRA-LIKE CHURN AND EARN COMMISSIONS GREAT FOR WALL STREET FEES BUT BAD FOR EVERYONE ELSE ESPECIALLY SINCE LEADING INDICATORS WITH B.S. STOCK COMPONENT THE ULTIMATE BOOTSTRAP, MORE WORTHLESS WEIMAR DOLLAR, ETC.), BETTER THAN EXPECTATIONS MANTRA (Paul B. Farrell: America's soul is lost and collapse is inevitable Recession Will Be ‘Full-Blown Depression’:(10-17-09) Strategist/Analyst The History of the Future: Trends 2012 Autumn 2012, the “Greatest Depression” has spread worldwide …

(11-3-09) Dow 9,771 -17 To stamp out fraud, no change from suckers’ rally worth reporting for second, third, fourth weeks of March and April -436 for the first week of March -12% for the month of February -8.8% (-775) for the month of January -1% for fourth week of January -2.5% for third week of January -4% for second week of January -5% for first full week of January -34% for the year -1% for the fourth week of December No change worth reporting for second and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October Nasdaq 2057 +8 To stamp out fraud, no change from suckers’ rally worth reporting for second, third, fourth weeks of March and April -84 for the first week of March -7% for the month of February -6.4% (-101) for the month of January -1% for fourth week of January -3.3% for third week of January -3% for second week of January -4% for first full week of January -41% for the year -2% for the fourth week of December No change worth reporting for second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October S&P 500 1,045 +2 To stamp out fraud, no change from suckers’ rally worth reporting for second, third, fourth weeks of March and April -52 for the first week of March -11% for the month of February -8.6% (-75) for the month of January -1% for fourth week of January -2.3% for third week of January - 5% for second week of January -4% for first full week of January -39% for the year -2% for the fourth week of December No change worth reporting for second and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $79.60 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $2.76 (reg. gas in LAND OF FRUITS AND NUTS $3.09 REG./ $3.26 MID-GRADE/ $3.35 PREM./ $3.05 DIESEL)/ GOLD $1,085 [video] Gold Surges Stocks/Gold Comparison (+5.58% for year 2008) / SILVER $17.18 $1,356 / DOLLAR= .66 EURO, 90 YEN, .60 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.47% …..… AP Business Highlights … ...Yahoo Market Update... ] YAHOO - BRIEFING.COM Weekly Recap Trendsresearch.com forecast for 2009 . ‘WORST ECONOMIC COLLAPSE EVER’ Must Read Economic/Financial Data This Depression is just beginning The Next Wave of Collapse is Coming Sooner than you think ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN IN THIS PREPOSTEROUS AND FRAUDULENT ENVIRONMENT WITH CONTINUED SUCKERS’ COMPUTER PROGRAMMED /SHORT-COVERING /BEAR MARKET RALLY INTO THE CLOSE OFF LOWS TO END MIXED (ON NEW RECORD DEFICIT 1.42 TRILLION, HIGHER OIL PRICES, EVER MORE WORTHLESS DOLLAR, CRASH IN COMMERCIAL REAL ESTATE, INCOME/CONFIDENCE DOWN, B.S. SERVICE SECTOR MEANINGLESS REPORT, LOTS OF FORECLOSURE SALES) BASED ON FAKE DATA [WATCH FOR CORRUPT GOV’T, IE., COMMERCE DEPT (GDP +3.5% BEATS ESTIMATES-HAS BEEN PREVIOUSLY DISCOUNTED MANY TIMES OVER), ETC., FALSE REPORTS TO FROTH MARKET], BAD DATA (JOB LOSSES UP, BANKRUPTCIES UP 41%, CAR SALES / MANUFACTURING DOWN, ETC.), BULL S**T (IE., MERGER MANTRA-LIKE CHURN AND EARN COMMISSIONS GREAT FOR WALL STREET FEES BUT BAD FOR EVERYONE ELSE ESPECIALLY SINCE LEADING INDICATORS WITH B.S. STOCK COMPONENT THE ULTIMATE BOOTSTRAP, MORE WORTHLESS WEIMAR DOLLAR, ETC.), BETTER THAN EXPECTATIONS MANTRA (Paul B. Farrell: America's soul is lost and collapse is inevitable Recession Will Be ‘Full-Blown Depression’:(10-17-09) Strategist/Analyst The History of the Future: Trends 2012 Autumn 2012, the “Greatest Depression” has spread worldwide

(11-2-09) Dow 9,789 +76 To stamp out fraud, no change from suckers’ rally worth reporting for second, third, fourth weeks of March and April -436 for the first week of March -12% for the month of February -8.8% (-775) for the month of January -1% for fourth week of January -2.5% for third week of January -4% for second week of January -5% for first full week of January -34% for the year -1% for the fourth week of December No change worth reporting for second and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October Nasdaq 2049 +4 To stamp out fraud, no change from suckers’ rally worth reporting for second, third, fourth weeks of March and April -84 for the first week of March -7% for the month of February -6.4% (-101) for the month of January -1% for fourth week of January -3.3% for third week of January -3% for second week of January -4% for first full week of January -41% for the year -2% for the fourth week of December No change worth reporting for second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October S&P 500 1,042 +6 To stamp out fraud, no change from suckers’ rally worth reporting for second, third, fourth weeks of March and April -52 for the first week of March -11% for the month of February -8.6% (-75) for the month of January -1% for fourth week of January -2.3% for third week of January - 5% for second week of January -4% for first full week of January -39% for the year -2% for the fourth week of December No change worth reporting for second and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $78.13 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $2.76 (reg. gas in LAND OF FRUITS AND NUTS $3.09 REG./ $3.26 MID-GRADE/ $3.35 PREM./ $3.05 DIESEL)/ GOLD $1,054 [video] Gold Surges Stocks/Gold Comparison (+5.58% for year 2008) / SILVER $16.51 PLATINUM $1,339 / DOLLAR= .66 EURO, 90 YEN, .60 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.41% …..… AP Business Highlights … ...Yahoo Market Update... ] YAHOO - BRIEFING.COM Weekly Recap Trendsresearch.com forecast for 2009 . ‘WORST ECONOMIC COLLAPSE EVER’ Must Read Economic/Financial Data This Depression is just beginning The Next Wave of Collapse is Coming Sooner than you think ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN IN THIS PREPOSTEROUS AND FRAUDULENT ENVIRONMENT WITH CONTINUED SUCKERS’ COMPUTER PROGRAMMED /SHORT-COVERING /BEAR MARKET RALLY INTO THE CLOSE (ON NEW RECORD DEFICIT 1.42 TRILLION, HIGHER OIL PRICES, EVER MORE WORTHLESS DOLLAR, CRASH IN COMMERCIAL REAL ESTATE, INCOME/CONFIDENCE DOWN, B.S. SERVICE SECTOR MEANINGLESS REPORT, LOTS OF FORECLOSURE SALES) BASED ON FAKE DATA [WATCH FOR CORRUPT GOV’T, IE., COMMERCE DEPT (GDP +3.5% BEATS ESTIMATES-HAS BEEN PREVIOUSLY DISCOUNTED MANY TIMES OVER), ETC., FALSE REPORTS TO FROTH MARKET], BAD DATA (JOB LOSSES UP, BANKRUPTCIES UP 41%, CAR SALES / MANUFACTURING DOWN, ETC.), BULL S**T (IE., MERGER MANTRA-LIKE CHURN AND EARN COMMISSIONS GREAT FOR WALL STREET FEES BUT BAD FOR EVERYONE ELSE ESPECIALLY SINCE LEADING INDICATORS WITH B.S. STOCK COMPONENT THE ULTIMATE BOOTSTRAP, MORE WORTHLESS WEIMAR DOLLAR, ETC.), BETTER THAN EXPECTATIONS MANTRA (Paul B. Farrell: America's soul is lost and collapse is inevitable Recession Will Be ‘Full-Blown Depression’:(10-17-09) Strategist/Analyst The History of the Future: Trends 2012 Autumn 2012, the “Greatest Depression” has spread worldwide…

AUGUST 31, 2009 THROUGH SEPTEMBER 28, 2009 - BUSINESS UPDATES

Today

NOBEL PRIZE WINNING ECONOMIST: CRISIS AS BAD AS GREAT DEPRESSION OR WORSE Financial terrorism: US taxpayers bail out Wall Street criminals $4 trillion plus is missing through U.S. federal agency accounts managed by the NY Fed RICO Summary under penalty of perjury to the FBI at their request Reality overthrows ‘history’s actors’ Report confirms Israel’s nuclear arsenal Roubini: Rate Cuts Temporarily and Minimally Reduce Crash Risk, But Dow 7,000 Likely 'Sometime Next Year' Billion-Dollar Fund Manager; Gold To Hit $2,000, Dow To Sink To 5,000 The Crumbling U.S. Economy, Worse is Yet to Come Worst slump since Great Depression Rapid Downward Revisions in Expected Economic Growth Recession Will Last At Least Two Years: Roubini Recession Now: It's Deep and It's Going to Last a Long Time, Sonders Says Economist Roubini Predicts Hedge Fund Failures, Panic, Closed Markets Markets Nosedive on Grim Economic News Evil Wall Street Exports Boomed With `Fools’ Born to Buy Debt More from Grantham: S&P to 585. He called the bubble, how could anyone doubt his valuation (although even lower is more realistic)? U.S. Economy: GDP Shrinks (even with fake better than expected GDP numbers from corrupt commerce department) at Fastest Pace Since 2001 Credit-Default Swaps on US Treasuries Have Risen Nearly 40 Percent Since Bailout Law Signed; Now About the Same as on Mexican and Thai Government Debt america’s credit rating will be downgraded Where'd the bailout money go? Shhhh, it's a secret fraud (AP) ECONOMICS GURU: WORST IS YET TO COME; MARKETS WILL CLOSE FOR UP TO WEEK FROM PANIC... Washington is Powerless to Stop the Coming Economic Depression Whitehead sees slump worse than Depression Dollar’s Days Numbered, Buy Commodities: Jim Rogers America’s economic crisis is beyond the reach of traditional solutions Cost Of Bailout Hits $8.5 Trillion Worst is yet to come for economy 'Crisis Only Just Beginning': Crisis/Video Right About the Crash, Peter Schiff Sees More Pain Ahead The Great Depression of the 21st Century: Collapse of the Real Economy “The Dollar Standard Is Coming To An End” Busted in Washington CIA Adds Economy To Threat Updates Financial Disaster Will Lead to Civil Disorder in 2009 or 2010, Says Secret Citibank Memo Renowned economist Mikhail Khazin : U.S. will soon face second “Great Depression” America Has No Means to Recover from a Depression US budget deficit to reach USD 1 trillion Jim Rogers calls most big U.S. banks “bankrupt” BILLIONS VANISH IN EPIC HEDGE FUND FRAUD Citadel suspends redemptions from two hedge funds World faces “total” financial meltdown: Bank of Spain chief Check This Graph-Proof we are going into a Great Depression. Notice MASSIVE job losses. Is there really any doubt any longer? Paulson Was Behind Bailout Martial Law Threat Fed Hides Destination Of $2 Trillion In Bailout Money Another Prominent Economist Forecasts Depression, Says Gold To Hit $2000 Fed Secretly Lends $2 Trillion to Banksters without Oversight Depression Unrest Turmoil Instability Riots all coming and SOON JAPAN: “There has never been data this bad for any major economy - even in the great Depression”; “We are literally looking at the unimaginable” Obama predicts more bank failures California goes broke, halts $3.5 billion in payments It’s Getting Ugly: Economist Says Hoard Gold & Scotch Paul Joseph Watson | Williams predicts hyperinflationary depression will mean a $100 dollar bill is worth less than toilet paper WORLD TO STAY IN SLUMP US is Already Bankrupt: Analyst The Geithner-Summers-Bernanke Plan to Prop Up Asset Prices Has Failed U.N. panel says world should ditch dollar Not Just a Few Bad Apples - Corruption is Systemic in America 65 Trillion - U.S. Financial Obligations Exceed The Entire World’s GDP RECORD: NATIONAL DEBT HITS $11 TRILLION... US Depression -The Truth Is Here The Economist, a Widely Respected and Authoritative Financial/Economic Publication: U.S. In Depression, Not Recession Video: Crash Will be Worse than Great Depression Great Recession/Depression of 2008, et seq., Worse Than All Others IMF warns of Great Depression Stocks Could Drop 20%, No Safe Haven: Dr. Reality Celente Correctly Predicts Revolution, Food Riots, Tax Rebellions By 2012 Former chief economist: U.S. in a depression Merrill Lynch’s Chief Economist: We’re Already In a Depression Ray Dalio: A Long and Painful Depression - Barron's Interview Gerald Celente Predicts Economic Armageddon by 2012 This DEPRESSION will last 23-26 YEARS! Government is POWERLESS! Trendsresearch.com forecast for 2009 What the Pros Say: US Is Now ‘Bankrupt’ ‘WORST ECONOMIC COLLAPSE EVER’ Secretary of Labor Reich: Unemployment Numbers Show We’re Already In a Depression Celente: U.S. Has Entered “The Greatest Depression” Entering the Greatest Depression in History Andrew Gavin Marshall | The economic crisis is anything but over, the “solutions” have been akin to putting a band-aid on an amputated arm. November 30, 2009

11-23-09

The ‘Real’ Jobless Rate: 17.5% Of Workers Are Unemployed The Biggest Rip-off of All Time ‘End the Fed’ rally: Where did our money go? JPMorgan Chase Bankster Dimon Mentioned for Treasury Post Gold hits record high past $1,165 per ounce

Home sales at 2-1/2 year high with record foreclosure sales (Reuters) ‘…S&P sells on a price-to-earnings multiple of 88 after the recent financial results. That is a horrendous overvaluation. A reasonable p/e would be around 18-25…’ It's beginning to look a lot like a 'W' By Irwin Kellner, MarketWatch PORT WASHINGTON, N.Y. (MarketWatch) -- It's beginning to look a lot like a "W." After logging the fastest rate of growth in two years last quarter, the economy appears to be losing steam during the current period... 15 signs Wall Street pathology is spreading By Paul B. Farrell, MarketWatch ARROYO GRANDE, Calif. (MarketWatch) -- In "The Battle for the Soul of Capitalism" Jack Bogle no longer sees Adam Smith's "invisible hand" driving "capitalism in a healthy, positive direction." …Wall Street plus co-conspirators in Washington and Corporate America are spreading a contagious "pathological mutation of capitalism" driven by the new "invisible hands" of this new "mutant capitalism," serving their selfish agenda in a war to totally control America's democracy and capitalism. The "Goldman Conspiracy" is the perfect B-school case study of Wall Street's secret contagious pathology, with insiders like Lloyd Blankfein, Henry Paulson and others pocketing billions more of the firm's profits than shareholders, evidence the new "mutant capitalism" has replaced Adam Smith's 1776 version which historically endowed the soul of American democracy as well as our capitalistic system. Sadly for America Goldman's disease is rapidly becoming a pandemic spreading beyond Wall Street's too-greedy-to-fail banks, infecting our economy, markets and government as it metastasizes globally...

$50 Trillion Loophole In Derivatives Reform Bills Wells Fargo Says It Doesn’t Have to Reserve Against Its Off-Balance Sheet Residential Exposure Because the FHA (Meaning the Taxpayers) Will Pay For It

Hong Kong warns of bubble, does nothing

Market Reversal Already Happening ‘…First, the S&P sells on a price-to-earnings multiple of 88 after the recent financial results. That is a horrendous overvaluation. A reasonable p/e would be around 18-25. That leaves a 90 per cent downside! Secondly, the outlook for GDP growth is lackluster in 2010. It is therefore vulnerable to setbacks, and most particularly the impact of a stock market decline that would undo much of the data pointing to a recovery being in prospect. The market has been operating as a positive feedback loop since March, it also works the other way around. Thirdly, have markets not reached levels that would normally require a correction? Indeed, have they not overshot those levels, and now require a bigger than average correction?…’

GALLUP: Obama Job Approval Down to 48%...

Global Warming Meltdown: Climategate! Alan Caruba | The United Nations IPCC should be disbanded in disgrace. Were Swine Flu Death Projections Hyped? Adam Murdock, M.D. | The 2009 H1N1 swine flu “pandemic” may turn out to be one of the most overblown and expensive medical crises in modern history. Iraq report: Secret plans for war, no plans for peace In the bitter aftermath of the Iraq invasion, Tony Blair was many times accused of sending British troops to war on a deceit. U.S. Enlists Allies in New Blind Leading the Blind Surge Britain’s new Internet law — as bad as everyone’s been saying, and worse. Much, much worse. Is America Finally Starting to Stand Up To Wall Street in their albeit typically too little too late fashion? Washington’s Blog | Even Bernanke’s re-appointment is no longer certain.

Lord Monckton: Prosecute the Climate Change Criminals “Climategate”: Peer-Review System Was Hijacked By Warming Alarmists Emergency Viral: ClimateGate Fraud Exposes Dirty Tricks Agenda For Global Government

1. The ‘Global Warming’ Issue Has Been Revealed As The Scam It Always Was: Funneling Billions And Trillions Of Dollars Of Taxpayers Money Into Offshore Bank Accounts For The Ruling ‘Elite’ Utizing Little Understood Cyclical Temperature Shifts.You NWO Corporate Co&%Suckers Keep The Issue Right Up There On The Top Of Your Lists, And We’ll Keep Neutralizing You NWO Corporate Co&%Suckers On Ours. QMB

DRUDGEREPORT: Call for Congressional investigation into ClimateGate...
4 US service members die in Afghan attacks... Afghanistan decision? The 'Real' Jobless Rate: 17.5% Of Workers Are Unemployed... WAVE OF DEBT PAYMENTS FACING DEFACTO BANKRUPT U.S. GOVERNMENT...

israeli aircraft strike Gaza targets to keep conflict going (AP)

Palestinian nun takes step toward sainthood (AP)
Ahmadinejad rejects threats, embraces talks

Obama Approval Drops Below 50% For First Time

Obama Allies Want New Tax To Pay For Cost Of Protecting Afghan Opium Fields, Bribing Taliban Paul Joseph Watson | Despite the fact that 36 per cent of income tax already goes to national defense. Not content with savaging American taxpayers with two huge new financial burdens during an economic recession, in the form of health care reform and cap and trade, close allies of Barack Obama have proposed a new war surtax that will force Americans to foot the bill for the cost of protecting opium fields in Afghanistan, paying off drug lords, and bribing the Taliban.

DRUDGEREPORT: OBAMA DROPS BELOW 50% IN GALLUP
Senator: High-Income Tax May Be Needed for Afghan War Cost...
Germany warns US on market bubbles; Echoes China's fears...
Unemployment Rose in 29 States Last Month; Michigan Rate Highest at 15.1%... Video: Sen. Inhofe to Sen. Boxer on global warming: 'We Won, You Lost -- Get a Life!' EU president wants Copenhagen to give us 'global management'... Top Eurobank prepares for 'global economic collapse'... Geithner Under Fire on Economy...
Struggling Detroit unable to bury its dead...
Steep Revenue Drops Worry Mayors...

Israeli Army arrests five PA security officers Panetta meets Gilani; 10 die in drone attack

423 Palestinian kids suffering in Israeli jails Lifting the lid on UK’s Israel lobby

I Fought the Law. . . And I Won We often forget that the power wielded by government exists only because there are those willing to carry out its orders. The “Government” is not an Artificial Intelligence that exists in a science fiction movie.

Press TV | According to the latest opinion poll, an increasing majority of Britons want the country’s 9,000 troops out of Afghanistan within a year.

Sawasya: Israel uses Palestinian prisoners as guinea pigs to test drugs

Israelis demolish Palestinian home ‘New Israeli move major obstacle’ Kingdom and France call for resumption of Mideast talks

Little behind Obama's tough Mideast talk: analysts (AFP) Rejecting Obama, U.S. Jews push West Bank settlement (Reuters) Netanyahu has Oslo accords on brink of collapse: architect (AFP)

`Roubini: 'The worst is yet to come'...`

Maximum Alert: Establishment Launches Huge Purge Against Infowars/Prison Planet Patriot Community The Anti-Defamation League has launched a vicious new assault on Alex Jones and members of the patriot community in the form of a new report that equates skepticism and distrust of government with ”a toxic atmosphere of rage,” which is threatening to boil over in the form of violence, even as the real danger is manifest in those actually using violence in the “name of the people” such as u.s., israel, etc. Bill O’Reilly: “I Don’t Care About The Constitution”

UK's Standing Declines on Corruption Index The revelation earlier this year that members of the UK parliament milked the expense-claims system made a laughing stock of British politicians. New Zealand tops Denmark as world's least corrupt nation Reuters

White House: Israeli housing plans dismaying (AP) - The White House rebuked Israel with heavy criticism Tuesday after the Jerusalem city government moved toward the construction of 900 additional housing units in a Jewish neighborhood in East Jeru...

US rebukes Israel on settlement plans (AFP) - 6 hours agoAFP - The United States delivered an unusually strong rebuke of Israel, voicing dismay at the approval of new Jewish housing in annexed east Jerusalem as peace efforts hit a new low.

Palestinians, US, UK criticize Jerusalem plan (AP) - 8 hours agoAP - Israel moved Tuesday to approve a plan to build 900 more housing units in a Jewish neighborhood in the part of Jerusalem claimed by Palestinians, drawing harsh criticism from the United States.

Israel angers U.S. by approving new West Bank homes (Reuters) - 8 hours agoReuters - Israel triggered a fresh rift with Washington over settlement building on Tuesday by approving the building of 900 homes for Jews on West Bank land it occupied in a 1967 war and annexed to i...

Palestinians need 'control' of their people (AFP)

Jordan tells us jews to support Palestinian statehood

‘These people just want to be left alone’ Real News Network | In Afghaninstan the US soldiers are losing heart for a fight they feel their presence is only prolonging.

Attacking Iran over nuclear ambitions ‘would make world more dangerous’

Iraqi claims sexual abuse by British soldiers: report

Order Out of Chaos: CIA, Blackwater Responsible for Bombings, Assassinations in Pakistan (how ‘bout chaos and more chaos) Kurt Nimmo | CIA bombing campaigns and assassinations create a situation requiring a continuation and expansion of the contrived global war on terror. But, just like america, the result is chaos out of chaos and abject failure. Islamabad demands US end drone attacks Pakistan’s Chief of Army Staff tells visiting US advisor on National Security that Washington should put an end to drone attacks in his country.

Washington wisely hunts a way out of Afghanistan Finally, it seems, the penny has dropped. America’s ‘good war’ cannot be won militarily. Signs indicate that the US president, who was so gung ho on Afghanistan before taking office, has got the message....

Jackpot: Lawyers earn fees from law they wrote (AP)

Frauds/Liars (sic-lawyers)Covering Up for Other Frauds/Liars (sic-lawyers). In Productive Societies as China, Japan, etc., Fraudulent Liars (sic-lawyers) and the Fraudulent u.s. System They're a Part of Are Unheard Of/Non-existent. List of Files Regarding Filed Attorney Grievance Against Fraud coan et als

DRUDGEREPORT: Dollar decline continues as trade deficit widens... Treasury Confident Congress Will Increase $12.1 Trillion Debt Ceiling... Regulators shut 2 Fla. banks; 122 failures in '09... Trade Deficit Jumps Most in a Decade on Demand for Imported Cars, Oil... Army says morale down among troops in Afghanistan...
Suicides May Reach Record High This Year...

Riyadh urges UN to end double standard

israel: Clash at a Border Crossing New York Times - By REUTERS Israeli soldiers shot and killed a Palestinian and wounded two others in a confrontation near a Gaza Strip border crossing on Friday…

Gorbachev Says USA Can't Win in Afghanistan Even With Additional Troops...

Feds move to seize 4 mosques, tower linked to Iran (AP) - Federal prosecutors took steps Thursday to seize four U.S. mosques and a Fifth Avenue skyscraper owned by a nonprofit Muslim organization long suspected of being secretly controlled by the Irania...

Israel Lobby Routs Obama As Dollar Dies It did not take the Israel Lobby long to make mincemeat out of the Obama administration’s “no new settlements” position.

Israeli terrorist indicted

Envoy urges no US troop increase BBC News The US ambassador in Kabul has written to the White House arguing against sending thousands more American troops to Afghanistan. In a leaked cable, Karl Eikenberry expressed doubts about the competence of President Hamid Karzai's government.

More GWOT Grist: Taliban Support Murder of Soldiers at Fort Hood Kurt Nimmo | The Taliban help the U.S. government and corporate media in their demonization. Jury acquits ex-Bear Stearns hedge fund managers Reuters | The decision could make government prosecutors less likely to bring criminal charges against Wall Street executives for their role in the financial crisis. David Icke: The Global Spiritual Awakening Of Humanity Iconic author and lecturer speaks out on how the elite are attacking our immune systems through the use of vaccines, tocix food and electromagnetic pollution in exclusive interview. British soldier faces 10 years in jail after being arrested during anti-war demonstration A soldier facing charges of desertion for refusing to return to Afghanistan has been arrested and charged with five further offences after joining an anti-war demonstration. Shocking H1N1 Swine Flu Vaccine Miscarriage Stories From Pregnant Women – Tell Your Doctors That Vaccines And Pregnancy Do Not Mix! Miscarriage reports from pregnant women who have taken the H1N1 swine flu vaccine are starting to pour in from all over the nation. Perfect Inverse Correlation Between the Dollar and the Dow Karl Denninger – who is always worth reading – shares 2 stunning charts which show the inverse correlation between the dollar and the Dow. Broke! Infowars | u.s. government has FAILED in every “government service” they have shoved down our throats while overspending our tax dollars.

DRUDGEREPORT: `Chinese Artist Debuts 'Burning Man Obama'... RASMUSSEN POLL: OBAMA AT 46% APPROVAL... Asteroid passes just 8,700 miles from Earth -- with only 15 hours warning! Justice Dept. Asked For News Site's Visitor Lists... Ahmadinejad: Obama must choose between International War Crimes/Nuke Scofflaw israel and Iran... Race relations at Columbia University hit low; Prof punches white woman in face...`

At Arafat Memorial, Abbas Pushes Independence Fight Talks only after settlement freeze: Abbas

Iran's Ahmadinejad calls for nuclear cooperation

`Gorbachev Says USA Can't Win in Afghanistan Even With Additional Troops...`

`IRAN: 3 DETAINED AMERICANS CHARGED WITH ESPIONAGE...`

Texas Gov. Rick Perry: “There Were Three Shooters” Texas Gov. Rick Perry comments on the Ft. Hood shooting, noting that “there were three shooters”.

‘US using Iran as excuse to boost military budget’ Press TV | Iran’s army chief says by accusing the Islamic Republic of pursuing a military nuclear program the US government is seeking to escalate its military spending budget.

The billionaire bailout society Russia Today | “The president runs the US, but the President is unwilling to toss overboard the fundamental philosophy that the bankers live under.” Americans on food stamps tops 36 million Reuters | At the current rate, an estimated one in eight Americans receive benefits.

DRUDGEREPORT: PELOSI: Buy a $15,000 Policy or Go to Jail;
Failure to Comply, 5 Years in Prison...
Final vote could be delayed Sunday or beyond...
10% Unemployment Shows Objective Failure of Obama Stimulus
`237 millionaires in Congress... FREDDIE MAC posts $5 billion loss... China brands US 'protectionist'; Trade conflicts escalate... GOLD SETS RECORD: $1,100...... New Congressman breaks 4 campaign promises in first hour...`

George Soros Lauds Chinese Model Of Goverment – Wants Global Governance Under UN Security Council China’s economy will be the first to emerge from the financial crisis, and its model will soon take the leading position among the world’s economies, leaving behind the current leader the United States. This forecast was announced on Monday by leading financier George Soros.

Is Tony Blair CIA? Geoff Vasil | Tony Blair has been campaigning to be selected as the new leader of the post-Lisbon Treaty European Union. Gore Not Interested In Solutions To Climate Change That Don’t Line His Pockets Paul Joseph Watson Adviser proposed solution to CO2 emissions that would bypass need for carbon trading system that Gore owns, and was promptly told to shove it Former UK ambassador: CIA sent people to be ‘raped with broken bottles’ Daniel Tencer | Murray said he only realized after his stint as ambassador that the CIA was sending people to be tortured in Uzbekistan. Fort Hood Shooter Was Upset About Deployment To Iraq Hasan was a psychiatrist who previously worked at Walter Reed Army Medical Center but more recently was practicing at Darnall Army Medical Center at Fort Hood, according to professional records. Hasan was reportedly upset about his impending deployment to Iraq. Chomsky: Obama Continues Bush Policy “As Obama came into office, (former Secretary of State) Condoleezza Rice predicted he would follow the policies of Bush’s second term, and that is pretty much what happened, apart from a different rhetorical style,” Chomsky said.

DRUDGEREPORT: WHY DID HE DO IT?
Army Maj. Nidal Malik Hasan...
Was about to be deployed to Iraq, was 'upset about it'...
Gunman Made 'Outlandish' Comments Condemning Foreign Policy...
'Emotional carnage'...
Weapons used were handguns...
Dramatic photos from the scene...
SOLDIERS OPEN FIRE AT FT HOOD: 12 KILLED, 31 WOUNDED

Ex-diplomat says Afghanistan Now in ‘civil war,’ calls for US withdrawal When former U.S. diplomat to Afghanistan Matthew Hoh resigned on Sept. 10, 2009, he did so in a very public manner.

Stiglitz Says U.S. Recession ‘Nowhere Near’ End After GDP Jump Nobel Prize-winning economist Joseph E. Stiglitz said the U.S. recession is “nowhere near” an end and the economy’s third-quarter growth rate of 3.5 percent, the first expansion in more than a year, won’t carry into 2010. Roubini: Global Markets Could Soon Crash How Goldman secretly bet on the U.S. housing crash McClatchy Newspapers | Goldman Sachs Group peddled more than $40 billion in securities backed by at least 200,000 risky home mortgages. CIT files for Chapter 11 bankruptcy protection (AP) Federal Reserve Policy Audit Legislation ‘Gutted,’ Paul Says U.S. Inflation to Appear Next in Food and Agriculture Massive Government Spending Boosts US Economy, But Few Signs Private Sector Can Sustain Washington Post | There were few signs in the new data that the private sector will be able to sustain that growth once the government pulls back, or that the rise will soon translate into an improving job market.

CIT files for 5th largest U.S. bankruptcy What Is Money? Part 11: The Great Default Dollar Falls as Manufacturing Allegedly Grows; Oil, Copper, Gold Rally Bloomberg | Treasuries led declines in government bonds, with the yield on the 10-year note rising 3 basis points to 3.41 percent. Goldman takes on new role: taking away people’s homes McClatchy Newspapers | Goldman spent years buying hundreds of thousands of subprime mortgages, now the big banker that takes homes away.

IBM Knew About Pandemic in 2006 Kurt Nimmo | Document reveals IBM and other large corporations are on the inside track in relation to the orchestrated pandemic now unfolding. Three More Children Injected Against Parents’ Wishes Paul Joseph Watson | When does a “mistake” become a flagrant disregard for parental rights? Government Appoints Task Force To Handle H1N1 Vaccine Propaganda The U.S. government has appointed what the media is ludicrously billing as an “independent” group of health advisors whose job it will be to whitewash adverse reactions to the swine flu vaccine and “explain” them to the public as mere coincidence.

america: The Lawless State Today, in the land we like to think of as the most free on earth, government reaches into every level of our lives. It controls and it coerces, it bullies and it brags, it browbeats and it blusters. 1,600 are suggested daily for FBI’s list which should include themselves, the DOJ, congress, obama, federal employees/courts, etc.

Be Prepared for the Worst Ron Paul | The large-scale government intervention in the economy is going to end badly. We Can’t Solve Our Problems With More of the Same

DRUDGEREPORT: COUGH, COUGH: House health bill totals $1.2 trillion...
NYT: GORE'S BIG PROFITS FROM 'GLOBAL WARMING'...

NSA To Build $1.5 Billion Data Center...

NYT: In Iowa, Euphoria Gives Way to Second Thoughts on Obama...
CBO Puts House Health Bill Total Cost At $1.055 Trillion...
'Death Panel' Measure Survives...
Big Present to Trial Lawyers...
Calorie counts for Big Macs, vending machines... Pakistanis confront Clinton over drone attacks...

CLINTON FAILS TO WIN PALESTINIAN ASSENT TO ISRAELI PLAN...

`POLL: Canadians still 'distrust' USA...`

Ron Paul: Sanctions on Iran are an Act of War Infowars | Dr. Paul explained to his colleagues the reasons for his opposition to the Iranian sanctions legislation.

Afghan's Karzai effectively handed 2nd term as america’s tainted touch of corruption mars hopes for non-fraudulent election – america had too much drug money at stake to risk the loss (AP)

Occupiers involved in drug trade: Afghan minister The Afghan minister of counter narcotics says foreign troops are earning money from drug production in Afghanistan. Washington Post claims White House ‘appears committed’ to sending up to 15,000 more soldiers Afghan's Karzai effectively handed 2nd term as america’s tainted touch of corruption mars hopes for non-fraudulent election – america had too much drug money at stake to risk the loss (AP)

US scientist faces death for plot to spy for Israel A top US scientist who once worked for the Pentagon and Nasa could face execution for allegedly offering to sell secrets to Israel for $2 million (£1.2 million), according to documents filed in federal court.

Palestinians accuse U.S. of killing peace prospects

Palestinian officials criticize US over Israeli settlements Washington Post

Clinton in Pakistan encounters widespread distrust of US Palestinians accuse Clinton of hurting peace talks... Palestinians accuse U.S. of killing peace prospects - Pointing an accusing finger at the united states, the Palestinians on Sunday said washington's backing for israeli refusal to halt jewish settlement expansion had killed any hope of reviving peace neg...

FBI documents reveal secret CIA prisoners ‘manacled to the ceiling’

The hydraulics of Holocaust…The report says that Israel is denying water to Palestinian residents on the West Bank and has brought the sewage and water systems in Gaza to crisis point. Israel, the human rights group said, restricts availability of water in the Palestinian territories “by maintaining total control over the shared resources and pursuing discriminatory policies.” “Israel allows the Palestinians access to only a fraction of the shared water resources, which lie mostly in the occupied West Bank while the unlawful Israeli settlements there receive virtually unlimited supplies,” Amnesty researcher on Israel and the OPT Donatella Rovera said in a report. The three main natural water resources in the area are Lake Kinneret, the mountain aquifer and the coastal aquifer. The mountain aquifer runs almost entirely under the West Bank, and Amnesty slammed Israel for taking 80 percent of the water from the aquifer…

Nine U.S. banks seized in largest one-day haul (Reuters) Dow Drops Over 200 points Financial Bubbles: Why Do Fools Fall in Love? The Federal Reserve lies about United States Notes ‘Jobs Created or Saved’ Is White House Fantasy Bloomberg | Actual hiring seems to be lagging behind the model’s land of make-believe. Facing A Total Breakdown Of Financial Markets Bob Chapman | We have entered a phase where the Fed and the US Treasury recognize that they can no longer hold up the dollar. “Money Multipliers Have Collapsed Everywhere…Confidence Is Missing. I Don’t See Any Way To Stabilize M3 In Such Circumstances” Peter Schiff On Phony GDP Growth (Video) The US government has a technology, called a printing press… that allows it to produce as many US dollars as it wishes at essentially no cost.” – Ben Bernanke Bankers Expect Rising Bonus Pay to Break Records in Global Poll ABC: $160,000 Per Stimulus Job? White House Calls That 'Calculator Abuse'... MADOFF: SEC CHAIRMAN WAS 'DEAR FRIEND'... The Collapse of Detroit: Ground Zero for america’s inevitable decline and fall Aaron Dykes | Detroit is a case-in-point example of the staged-collapse of America’s economy which will be covered in a subsequent volume of ‘Fall of the Republic’ as detailed by an on-the-ground Infowars investigation. Biden: Job Stats 'Not Accurate'... WIRE: 'Jobs Created or Saved' Is White House Fantasy...

Soros: China Will Lead New World Order Paul Joseph Watson | Billionaire globalist warns Americans against resisting new global financial system. Billionaire globalist George Soros told the Financial Times during an interview that China will supplant the United States as the leader of the new world order and that America should not resist the country’s decline as the dollar weakens, living standards drop, and a new global currency is introduced.

Feds Post Monster Trillion dollar plus Obamacare Bill Merck Scientist Admits Cancer & AIDS Came From Vaccines This is an interview that was censored for obvious reasons. Dr. Maurice Hilleman who was a senior vaccine scientist at Merck reveals the real story behind AIDS and the SV40 virus which causes cancer and how they have been deliberately put in vaccines to infect people. SAY NO TO THE SWINE FLU VACCINE! FBI Demands Tattoo Shops Rat On Customers Kurt Nimmo | The FBI has launched a program that harks back to East Germany’s Stasi. Anything but prosecuting the major criminals on wall street and in all 3 branches of the u.s. government. Martha Stewart was another example of this and one must wonder how they justify their paychecks. Fall Of The Republic: Millions Of People Worldwide Take The Red Pill pelosi, a Typically Corrupt Guinea, Called “Nazi” While Announcing Health Care Bill pelosi, a Typically Incompetent and Corrupt Wop, Denies Public Access to Public Space for Public Plan Announcement `jeb bush, who like all untalented, incompetent bushes has lived off the bureaucratic tit his entire life, is wrong guy to be saying: Obama trying to 'attack capitalism'...` Gorbachev: bush 41 called Reagan ‘extreme,’ said GOP supporters ‘blockheads’

What a waste of money they don’t have! What frauds! NASA Rocket Takes Off as Clouds Break Lets get real! A broke and broken defacto bankrupt nation, the u.s. is criminals, frauds, war criminals and war profiteers!

MOON ROCK GIVEN BY U.S. PETRIFIED WOOD-APOLLO PROGRAM A FAKE/FRAUD

Fake Dutch 'moon rock' revealed A treasured piece at the Dutch national museum - a supposed moon rock from the first manned lunar landing - is nothing more than petrified wood, ...BBC News BBC NEWS | Europe | Fake Dutch 'moon rock' revealed Prized moon rock a fake - A PIECE of moon rock given to an overseas politician by the United States is actually a lump of petrified wood, museum authorities revealed yesterday. ... 'Moon Rock' in Dutch Museum Is Just Petrified Wood Aug 27, 2009 ... Fake moon rock at Dutch national museum. Rijksmuseum / AP. This rock, supposedly brought back from the moon by American astronauts, ... http://www.albertpeia.com/moonfraud.htm

In reality it is just a piece of petrified wood. ... The plaque does not specify that the rock came from the moon's surface. ... Another piece of evidence that shows again that Apollo program is indeed a fake and a fraud

Grantham: Overvalued Markets Due for an Adjustment Marc Faber, Dollar Will Eventually Go to Value of Zero U.S. Jobless Rates Rise Again in September; Large Divergence Between States UPDATE 2-US home price gains not sustainable-Shiller NEW YORK, Oct 27 (Reuters) - The gains in US home prices in recent months may not be sustainable and increases in some areas of the country appear to be in "bubble territory," an economist known for his property market expertise said on Tuesday. Is New York Facing a Financial China Syndrome? Jonathan Turley | We are now piling on debt faster than gross domestic product. Celente: Wall Street Criminals/Frauds have hijacked Washington DC U.S. Economy: Consumer Confidence Drops on Unemployment Concern Grayson calls Fed adviser ‘K street whore’ Galbraith: Fed is Unlawfully Withholding Information from Congress

Marc Faber, Dollar Will Eventually Go to Value of Zero

U.S. Jobless Rates Rise Again in September; Large Divergence Between States UPDATE 2-US home price gains not be sustainable-Shiller NEW YORK, Oct 27 (Reuters) - The gains in US home prices in recent months may not be sustainable and increases in some areas of the country appear to be in "bubble territory," an economist known for his property market expertise said on Tuesday.

Grantham: Overvalued Markets Due for an Adjustment U.S. Jobless Rates Rise Again in September; Large Divergence Between States UPDATE 2-US home price gains not be sustainable-Shiller Is New York Facing a Financial China Syndrome? Jonathan Turley | We are now piling on debt faster than gross domestic product. Celente: Wall Street Criminals/Frauds have hijacked Washington DC U.S. Economy: Consumer Confidence Drops on Unemployment Concern Grayson calls Fed adviser ‘K street whore’ Galbraith: Fed is Unlawfully Withholding Information from Congress

Grantham: Overvalued Markets Due for an Adjustment …First, economic and financial data will disappoint, revealing the longer-term troubles of the developed economies. This will put pressure on profit margins at a time when labour cuts are no longer a quick fix. Second, with U.S. stocks looking overvalued, gravitational force will at last kick in.“I have some modest hopes for a collective sensible resistance to the current Fed plot to have us all borrow and speculate again,” he said. “I would still guess (a well-informed guess, I hope) that before next year is out, the market will drop painfully from current levels.” For him, “painfully” implies a dip of 15%. But a drop below fair value is more likely, and that could bring a 22% setback…

Ron Paul Questions Why Obama Daughters Haven’t Taken Swine Flu Vaccine

Obama’s “National Emergency” Violates the Constitution Swine Flu Scam Reaches New Heights With Obama’s Emergency Declaration Another Government “Emergency” President Obama declares national emergency over swine flu pandemic, but why? Mike Adams | Declaring a national emergency immediately gives federal authorities dangerous new powers that can now be enforced at gunpoint. Obama’s H1N1 Emergency Declaration: Is Martial Law Unfolding? Kurt Nimmo | Are we about to see a move toward martial law, forced vaccination, and internment of those who refuse? Reuters | The White House statement was similar to disaster declarations issued before hurricanes hit coastal areas. CBS Reveals that Swine Flu Cases Seriously Overestimated US documentary depicts Obama as corporate puppet Chinese Join Worldwide Rejection Of Swine Flu Vaccine NYT: Bush’s cover-up of abuse turning into Obama’s cover-up

October deadliest month for US in Afghan war (AP) `U.S. official resigns over Afghan war; No longer knows why his nation is fighting... Eight U.S. troops killed in bomb attacks...` What’s Behind the False Flag Flu Emergency? Bill Sardi | Few news sources were critical of the declared emergency. Eureka! Government May Block Websites During Pandemic Ron Paul Questions Why Obama Daughters Haven’t Taken Swine Flu Vaccine

Ahmadinejad: Iran will keep nukes as long as israel does JTA | Iran will continue to progress in its nuclear program as long as Israel continues to have nuclear weapons, Mahmoud Ahmadinejad said, which is eminently reasonable and fair, particularly with israel’s scofflaw behavior including war crimes, illegal nukes, etc.. Iran: World shouldn’t block our atomic program while israel has nukes

Israel’s Al-Aqsa action condemned

Jeremy Grantham's Must Read Quarterly Letter Edward Harrison…Translation: THE MARKET IS SO OVERVALUED NOW THAT YOU SHOULD EXPECT PRETTY MEAGER LONG-TERM RETURNS IN EQUITIES. Does that mean a crash is right around the corner? Not necessarily – but a brutal correction is probably in the offing. Grantham says:

I would still guess (a well-informed guess, I hope) that before next year is out, the market will drop painfully from current levels. “Painfully” is arbitrarily deemed by me to start at -15%. My guess, though, is that the U.S. market will drop below fair value, which is a 22% decline (from the S&P 500 level of 1098 on October 19).

Unlike the really tough bears, though, I see no need for a new low. I think the history books will be happy enough with the 666 of last February.

The bottom line here is this: the market is significantly overvalued at present levels because of a technical rally super-charged by stimulus. This necessarily means lower returns over a longer-term horizon. The possibility of a major correction is high.

The full letter is embedded below with a lot more detail, market history and asset allocation recommendations.

Jeremy Grantham Third Quarter 2009 Letter

Fair Game Wall Street Follies: The Next Act New York Times - Gretchen Morgenson - ‎Mary Altaffer/AP By GRETCHEN MORGENSON Hoping, perhaps, to persuade a dubious public that curbing reckless business practices is indeed a Washington priority, the Obama administration and Congress produced a hat trick of financial reforms last week. COME ON! These were not reckless but typically criminally fraudulent practices which are continuing in the new bubble though not as pronounced with the churn and earn high frequency trading programs. How about the reporting/enforcement/prosecution follies.

Capitalism, Socialism or Fascism? How about corruptionism? What is the current American economy: capitalism, socialism or fascism? Looks like corruptionism/declinism/venalism?

Investor With Madoff Is Found Dead in His Pool New York Times - Diana B. Henriques - Jeffry Picower, a prominent philanthropist and one of the largest investors in the vast Ponzi scheme run by Bernard L. Madoff, was found dead in the pool at his Palm Beach, Fla. Madoff Associate Jeffry Picower Dies at 67 Wall Street Journal

5 DISTURBING FACTS FOR BULLS SEC eyes (IS THAT ALL CONSIDERING THEY CHOOSE NOT TO SEE) volatility in high-frequency trading

Photos of Military Deaths in Afghanistan Banned Ex-CIA agent confirms US ties with Jundullah Twin car bombs in Baghdad kill 147, injure over 700 Israeli police storm Al-Aqsa compound ‘We cannot have peace without justice’ 14 Americans killed in Afghanistan crashes Israel too ‘weak’ to attack Iran nuclear sites: Mottaki

Time to accept a nuclear Iran PRESS TV President George W. Bush, backed by a well-known neo-con crew as well as the gang in Tel Aviv, did all he could to formulate his war-loving foreign policy to force his successor manage a third military conflict in the Middle East.

Israel 'cuts Palestinian water'

DRUDGEREPORT: 14 AMERICANS KILLED IN AFGHANISTAN...
Obama plays more golf in 9 months than Bush did in nearly three years...
Troops hope Afghan sacrifices not in vain...
Morale dips...
War fatalities leave Obama with dilemma...

Remembering an American that supported the Palestinian cause
About 20 years ago, a guy burned himself to demonstrate and bring attention to the Palestinian cause. I think the man was from Boston, and there was a brief mention of him on Ted Koppel's ABC News show Nightline.
Palestine-Israel, Editorial, 10/20/2009

UN Human Rights Council condemns Israel, endorsing Gaza war report,
The Human Rights Council on Friday strongly condemned a host of Israeli measures in the occupied Palestinian territory and called on both sides to implement the recommendations of a United Nations commission that found evidence that Israel and the Palestinians committed serious war crimes in the three-week Gaza war nine months ago.
Palestine-Israel-UN, Politics, 10/20/2009

UNICEF Goodwill Ambassador Mia Farrow concludes visit to Palestine
"Children here are deeply traumatized and terrified of what will happen next," Farrow said. "Homes, hospitals, schools and whole communities have been devastated. This is unacceptable and defies the principles of human rights, in particular the Convention on the Rights of the Child, and common decency."
Palestine-Israel-UN, Politics, 10/20/2009

Germany urges Israel to take war crimes report very serious
German Foreign Ministry deputy spokesperson Andreas Peschke said it was "important to take this report very seriously."
Palestine-Israel-Germany, Politics, 10/20/2009

Haaretz: Israel pulls textbook over 'ethnic cleansing' of Palestinians in 1948
Israeli Ministry of Education has taken the unusual step of collecting all copies of the history textbook, "Nationalism: Building a State in the Middle East" which was published about two months ago by the Zalman Shazar Center, because of a passage alleging "ethnic cleansing" of Palestinians during the 1948 war,the Israeli daily Haaretz reported Monday.
Palestine-Israel, Politics, 10/20/2009

Jones reiterates US commitment to peace, Palestinian state
The US National Security Advisor, General James L. Jones, reiterated the Administration's commitment to establishing a Palestinian state and determination to move forward with peace talks.
Palestine-Israel-USA, Politics, 10/20/2009

German, US activists urge pressure on Israel over Palestinian rights
"We are now three generations from the Holocaust. When people in the Arab world are saying it is wrong for the problems of European anti-Semitism to be settled on the basis of the exploitation of Palestinians and destruction of Palestinian nation... They are right," Joseph Gerson of the American Friends Service Committee said.
Palestine-Israel-Germany, Politics, 10/20/2009

King of Jordan: Palestinian-Israeli conflict a priority
Jordan's King Abdullah II called on the international community, especially the United States and Europe to make an immediate and effective effort to launch negotiations to achieve comprehensive peace, noting that Palestinian-Israeli conflict is a priority.
Jordan-Palestine, Politics, 10/20/2009

Obama meets King Abdullah: Prospect of an Arab-Israeli peace exists, but will require difficult choices
At a brief White House news conference April 21, Obama said that achieving a lasting peace and the creation of a Palestinian state requires resolution on the part of all involved parties.
Jordan-Regional-USA, Politics, 10/20/2009

Obama praises democratic advances in Iraq, meets al-Maliki
The parliament is working to create a new law, but is finding the way ahead difficult and has postponed a vote on the law. Among other issues, the current law, used in the 2005 election, requires closed election lists
Iraq-USA, Politics, 10/20/2009

Hariri condemns Israeli breaches at meeting with new French Ambassador
At the meeting, the Prime Minister-designate condemned Israel's clear breach of UN Security Council Resolution 1701, by planting spying equipment in Lebanon and detonating them, and urged the international community to put an end to these breaches
Lebanon-Israel-France, Politics, 10/20/2009

Iran - Egypt ties stressed over support for the Palestinians
Iran's Majlis Speaker Ali Larijani said the Hague-based International Criminal Court and other respective bodies should investigate the crimes Israel has systematically perpetrated against defenseless Palestinians.
Egypt-Iran, Politics, 10/20/2009

US, EU accused of a state terrorism act in Iran
Iran's Speaker of the Iranian Parliament (Majlis) Ali Larijani strongly warned the US and European countries notably France against their support for terrorists.
Iran-Regional-USA, Politics, 10/20/2009

Iran to start higher grade uranium if nuclear talks fail
Shirzadian said Iran will start enrichment of uranium at 20 percent level if the talks in Vienna fail to provide Iran's desired outcomes
Regional-UN, Politics, 10/20/2009

Sudan policy aims at ending genocide, implementing peace accord
US Secretary of State Hillary Rodham Clinton unveiled a "comprehensive" US policy for resolving the conflicts in Sudan, focused on ending human rights abuses and genocide in the Darfur region, fully implementing the Comprehensive Peace Agreement (CPA) between the government and the Sudan People's Liberation Movement (SPLM) and ensuring Sudan does not become a haven for violent extremists.
Sudan-USA, Politics, 10/20/2009

ADC campaign exposing US organizations support against illegal settlement development
Each year billions of dollars are being funneled through American-based and registered non-profit organizations, also known as 501(c)(3)'s. Many of these organizations claim to be established for peaceful purposes, however through research conducted by ADC it was discovered that the resources are being used for programs, such as settlement development, that are outside of the organizations' mission
Palestine-Israel-USA, Politics, 10/20/2009

UK denies spying on Muslims
The British government Tuesday denied that one of its main counter-terrorism strategies is being used as a cover to carry out surveillance on the country's two million Muslim community, insisting there was clear guideline on sharing intelligence.
Regional-UK, Culture, 10/20/2009

UK 'license to kill' to private armies accusation
A protest demonstration was being held in central London Tuesday against UK government plan to allow private armies to effectively police themselves.
Regional-UK, Politics, 10/20/2009

News from around the web:

5 DISTURBING FACTS FOR THE BULLS By Simon Maierhofer

When seventeenth century French dramatist Pierre Corneille said that 'danger breeds best on too much confidence,' he wasn't talking about the stock market, but that doesn't mean it doesn't have a practical application for investors.

On Wednesday, October 21, 2009, the Volatility Index, also called the VIX or 'fear index', fell to levels not seen in well over a year. In fact, the last time the VIX dropped below Wednesday's reading of 20.10 was on August 28, 2009.

Just a few days later the Dow Jones (DJI: ^DJI), S&P 500 (SNP: ^GSPC), and Nasdaq (Nasdaq: ^IXIC) recorded mind boggling losses of about 30% in 30 days. No doubt there is more to investing than just the VIX. Nevertheless, a look at a composite of indicators shows that the party on Wall Street is close to an end, or may have ended already.

DISTURBING FACT NO. 1: BUYING CLIMAXES

Investors Intelligence (II) tracks buying and selling climaxes on a weekly basis. Buying climaxes take place when a stock makes a 12-month high, but closes the week with a loss. They are a sign of distribution and indicate that stocks are moving from strong hands to weak ones. According to II, investors who sell into buying climaxes are right about 80% of the time after four months.

This week, II recorded 253 buying climaxes and just 8 selling climaxes. The first two weeks of October saw 597 buying climaxes and only 41 selling climaxes. In total, there have been over 900 buying climaxes thus far in October, the most since the October 2007 all-time highs.

DISTURBING FACT NO. 2: DEFLATION

For good reason, deflation is an economy's worst enemy. Falling prices create the perception that any goods can be bought cheaper at a future time. This creates a waiting attitude which stifles spending and demand, ultimately resulting in a slower economy. A slower economy, on the other hand, forces consumers to turn every penny twice before spending it.

In September, the Producer Price Index (PPI) declined 0.6%. Even the core PPI, which excludes food and energy, was down 0.1%. Even though investors seem more concerned about inflation than deflation, it is deflation that has been showing its ugly head. The 1929 onset of the depression shows what deflation can do. This sad period of time came to be known as a deflationary depression.

DISTURBING FACT NO. 3: FORECLOSURES

Foreclosures used to be mainly confined to low income areas. The most recent figures from Zillow, however, reveals a concerning development. USNews reports that at the peak of the market, the top third of the property value spectrum made up just 16% of foreclosures. By July of this year, this most expensive segment of the market accounted for 30% of home foreclosures.

Based on future projections, this isn't just a flash in the pan type problem. Foreclosures are expected to rise from about 2 million currently, to 6.5 million by 2011. This cancer-like spreading of foreclosures even into the prior taboo-area of prime mortgages is directly correlated with a weak job market.

Not only is the 'official' unemployment rate quickly closing in on the foreboding 10% number, the average length of time unemployed, or without a job, has just reached an all-time record of 26 weeks or six months.

It seems like the real estate market is more aware of the seriousness of the issue than the stock market. While the S&P 500 (NYSEArca: SPY - News), Dow Jones (NYSEArca: DIA - News) and Nasdaq (Nasdaq: QQQQ - News) have all reached new highs recently, real estate ETFs like the Vanguard REIT ETF (NYSEArca: VNQ - News), iShares Cohen & Steers Reality Majors (NYSEArca: ICF - News), and SPDR Dow Jones REIT ETF (NYSEArca: RWR - News) are still trading significantly below their respective September recovery highs.

DISTURBING FACT NO. 4: OIL PRICES

The performance correlation between stocks and oil is tough to explain for proponents of the 'business as usual' notion. High oil prices are usually the scapegoat for a faltering economy, as we saw last year. As oil (NYSEArca: USO - News) rose to never before seen highs ($147/barrel), stock prices were plummeting.

Earlier this year in February , however, oil prices were hovering near lows of $30/barrel. At that time, the average price of gas was below $2 gallon. CNNMoney asked just recently: 'But how good did you feel about the economy back then? Fears about a massive wave of big bank failures and another depression were running rampant. So, cheaper oil and gas were little consolation.'

At precisely that time, when fears of another depression were running rampant, the ETF Profit Strategy Newsletter issued a Trend Change Alert predicting the onset of the most powerful rally since the October 2007 highs. While many were selling at the worst time, Profit Strategy subscribers started accumulating high octane leveraged ETFs, which racked up double and triple digit gains, since.

Earlier in 2008, the ETF Profit Strategy Newsletter introduced the 'red across the board scenario'; a scenario where all asset classes should move in the same direction. For most of 2008, the direction was down; beginning in March 2009, the direction was up.

The only economic environment that has the power to link the performance of various asset classes is a deflationary depression, such as the Great Depression. Aside from a 50% monster rally from 1929-1930 where all asset classes shot up (sound familiar) simultaneously, the predominant trend was down, down hard.

DISTURBING FACT NO. 5: (OVER) VALUATION

As a consumer, chances are you're always looking for the best deal. Why overpay if you can get the same item at a lower price elsewhere, or later on? Who, for example, would still pay the sticker price for a gas guzzling SUV like a Chevy Tahoe or Ford Explorer? Nobody! Even if the car served you well while you owned it, you know that its resale value would be sub-par at best.

If you wouldn't overpay for a car, why would you overpay for stocks?

Stocks are way overvalued; it just hasn't sunk in yet. Based on actual reported earnings, the P/E ratio for the S&P 500 is 138. This means that a stock sells for 138x its actual earnings. Of course, this is the average for the S&P. Many companies, such as Alcoa, aren't even in positive earnings territory. The earnings picture today is worse than it was in the year 2000 when dozens of tech companies (NYSEArca: XLK - News) with no earnings saw their stock prices soar into triple digits.

Even though stocks still trade 30% below their 2007 levels, dividend yields are within reach of their all-time lows. Dividends reflect a company's ability to share its profits with shareholders. Declining dividends are caused by declining profits. Dividend yields can increase either by a falling stock price or rising dividends.

In March, dividends for the broad market spiked briefly above 4%, due to the waterfall decline in stock prices. For a short time, the Select Sector Financial SPDRs (NYSEArca: XLF - News) offered a juicy yield of nearly 10%. With rising prices, dividends have dropped back down towards 2% for the broad market and only 2.52% for XLF.

Investors with an affinity for historical data know that the stock market has never reached a true bottom unless dividend yields are driven sky-high by falling prices, and P/E ratios are driven down to rock-bottom readings, also due to falling 'P' (prices). Once this valuation reset happens, the market will give a green signal for the next bull market.

Unfortunately, this reset did not happen at the 2002 lows. It also didn't happen in March 2009, and we are certainly far away from those levels with the Dow around 10,000 and P/E ratios of 138.

The October issue of the ETF Profit Strategy Newsletter includes a detailed analysis of P/E ratios, dividend yields, and two other indicators; mutual fund cash levels and the Dow measured in the only true currency - gold (NYSEArca: GLD - News). Since its 1999 peak, the gold-Dow has spearheaded the decline to new lows. If history's assessment of valuation is correct, the dollar-Dow will soon follow.

Confidence, reflected by the elevated investor optimism (a contrarian indicator) does not only breed danger, it also provides opportunities for savvy investors that know how to interpret the market's very own signals.

U.K. Economy Unexpectedly Shrinks in Longest Slump U.K. gross domestic product unexpectedly dropped in the third quarter as enduring slumps in services, manufacturing and construction kept the economy mired in its longest recession on record. The pound tumbled.

Aussie Senator: U.S. In Similar Economic Position To Germany Before WWII In unusually pessimistic comments for a senior political figure, Senator Joyce said the US Government was running such large deficits and building up so much debt that it was in a similar position to Iceland or Germany before World War II.

Barack Obama sees worst poll rating drop in 50 years The decline in Barack Obama’s popularity since July has been the steepest of any president at the same stage of his first term for more than 50 years. Hate Crime Bill Is A Trojan Horse Against Free Speech Obama 2011 Coup Game Lists Malkin, Beck, Limbaugh as Patriots Kurt Nimmo | It is difficult to believe (I agree) the game is the product of Ron Paul Libertarians. It appears to be the work of Republicans. US ‘botched’ raid inside Syria that killed seven civilians: Report Dems Worried About Obama’s Enemies List Rasmussen Poll Shows Strong Support for Immigration Enforcement Oil ty coon/mental case: Our Troops Died … We’re “Entitled” to Sweet Contracts in Iraq! senator boxer: Unemployment Is Great for the Climate…riiiiight!…sounds like a california dreamin’/hallucinatin’ plan

Berlin doctors worried they could have to pay compensation for “swine flu” jab damage Doctors in Berlin are concerned that they will be forced to pay compensation to patients who suffer death or damage from the “swine flu” shot because pharmacuetical companies have been given immunity under existing contracts. Poll: Doctors will not give H1N1 shots to their kids

DRUDGEREPORT: Boehner: Obama's 'Chicago-Style Politics'..
PRUDEN: Third World get-the-press rant...
NOONAN: It's His Rubble Now...
Soros calls Wall St profits 'gifts' from state...
House health care bill over $1 trillion...
Ex-FBI director Freeh granted Italian citizenship...
Affidavit: Mom told deputies balloon saga was hoax...
Obama sees worst poll rating drop in 50 years...
JULIUSTHE NATIONAL SOCIALIST/WOULD BE COMMUNIST AT FCC WANTS TO 'REGULATE'/CENSOR/BLOCK ACCESS TO THE TRUTH FROM THE INTERNET
Jobless claims rise 'more than expected'...
Senate to increase national debt above $13 trillion; Dems looking for political cover...
After Stimulus: 49 of 50 States Have Fewer Jobs!
*6 Million Jobs Shy of Administrations' Projections...
Obama trying to boost party money, morale...
RNC Beats DNC in Money Race...
Dems lock Republicans out of committee room: 'They don't know how to behave'...
HealthCare Propaganda On Govt. Website?
House Dems Want Medicare for Everyone...
Administration plans big pay cuts at bailout firms...
Salaries of top executives by 90%...
Deserted shopping mall bleak symbol of Fed bailout...
RASMUSSEN: Obama Ratings Sinking Again; Approval Index Nears All-Time Low...
WHITE HOUSE MASTER TO SLASH EXEC PAY

Israel warns against U.N. council seeing Gaza report (Reuters)

How Did America Fall So Fast? Looting and Fraud

U.S. Joins Ranks Of Failed States Paul Craig Roberts | Too politically weak to be able to advance its interests through diplomacy, the US relies on terrorism and military aggression. America’s Phoney War in Afghanistan F. William Engdahl | Control of the Afghan drug market is essential for the liquidity of the bankrupt and corrupt Wall Street financial mafia.

Volunteers wanted for simulated 520-day Mars mission…Brian Dipalma will direct since he has previous experience with Mars movies and can use some stock footage so america like the fake moon mission can now add a Mars landing as well though similarly fake but great for maintaining high budgets...

Images are released showing that the lunar mission may be more successful than it first appeared. Riiiiight! If you believe anything the u.s. government, agencies, employees, etc., say…then you are a fool! (No small wonder they’re captivated by the faked boy-in-balloon story) - Scientists are 'are blown away by the data returned. NASA finally sees plume from moon impact Fake Dutch 'moon rock' revealed A treasured piece at the Dutch national museum - a supposed moon rock from the first manned lunar landing - is nothing more than petrified wood, ...BBC News BBC NEWS | Europe | Fake Dutch 'moon rock' revealed Prized moon rock a fake - A PIECE of moon rock given to an overseas politician by the United States is actually a lump of petrified wood, museum authorities revealed yesterday. ... 'Moon Rock' in Dutch Museum Is Just Petrified Wood Aug 27, 2009 ... Fake moon rock at Dutch national museum. Rijksmuseum / AP. This rock, supposedly brought back from the moon by American astronauts, ... http://www.albertpeia.com/moonfraud.htm

IN REALITY IT IS JUST A PIECE OF PETRIFIED WOOD ... ANOTHER PIECE OF EVIDENCE THAT SHOWS AGAIN THAT APOLLO PROGRAM IS INDEED A FAKE AND A TYPICAL AMERICAN FRAUD

RASMUSSEN: Obama Ratings Sinking Again; Approval Index Nears All-Time Low Smashing The Lies And Tyranny With Fall Of The Republic Fall Of The Republic is now streaming live for Prison Planet.tv members in super high-quality flash format along with Windows Media, QuickTime and DivX downloads. Pentagon Used Psychological Operation on US Public, Documents Show US, Israel to launch largest war game

DRUDGEREPORT: After Stimulus: 49 of 50 States Have Fewer Jobs!
*6 Million Jobs Shy of Administrations' Projections...
Obama trying to boost party money, morale...
RNC Beats DNC in Money Race...
Dems lock Republicans out of committee room: 'They don't know how to behave'...
HealthCare Propaganda On Govt. Website?
House Dems Want Medicare for Everyone...
Administration plans big pay cuts at bailout firms...
Salaries of top executives by 90%...
Deserted shopping mall bleak symbol of Fed bailout...
RASMUSSEN: Obama Ratings Sinking Again; Approval Index Nears All-Time Low...

Rothschild Biographer: Dollar Will Suffer Long, Protracted Death Despite Surge in Unemployment, White House Says Economic Stimulus ‘Saved or Created’ 250,000 Jobs CNSNews | A total of 15 million people are unemployed and 2.6 million lost their jobs since the recovery bill was enacted. Gerald Celente On “Green Shoots” Infowars | “There is no recovery. It’s a cover-up. You only have to look at the facts.”

BUCHANAN: americans are losing their nation...…In their lifetimes, they have seen their Christian faith purged from schools their taxes paid for, and mocked in movies and on TV. They have seen their factories shuttered in the thousands and their jobs outsourced in the millions to Mexico and China. They have seen trillions of tax dollars go for Great Society programs, but have seen no Great Society, only rising crime, illegitimacy, drug use and dropout rates. They watch on cable TV as illegal aliens walk into their country, are rewarded with free educations and health care and take jobs at lower pay than American families can live on – then carry Mexican flags in American cities and demand U.S. citizenship. They see Wall Street banks bailed out as they sweat their next paycheck, then read that bank profits are soaring, and the big bonuses for the brilliant bankers are back. Neither they nor their kids ever benefited from affirmative action, unlike Barack and Michelle Obama. They see a government in Washington that cannot balance its books, win our wars or protect our borders. The government shovels out trillions to Fortune 500 corporations and banks to rescue the country from a crisis created by the government and Fortune 500 corporations and banks…

Gates: Afghan runoff won't solve corruption issues … That’s riiiiight bunglelow bob…the runoff will not affect american corruption issues one bit! The Associated Press

NASA boffin spied for Israel

US must show Israel to blame for Mideast impasse: Palestinian (AFP)

The History of the Future: Trends 2012 Autumn 2012, the “Greatest Depression” has spread worldwide. Billions are unemployed, homeless and desperate. Countries bankrupt, trade pacts broken, tariffs rise, borders close.

The Robber Barons Are Back — Hide Your Money! Scott Thill | We’re neck-deep in another Great Depression, which is unfurling into a devaluation nightmare. Twenty-Two Reasons Why this Recession is Different and Why it Will Endure SurvivalBlog | The Federal government’s debt, just by itself is cause for concern. Drop in foreclosures called ‘very scary’ Nobody is sure exactly how many bank walkaways are occurring. For various reasons, they can’t be identified in searches of public real estate and court data without individually pulling case files, experts say. Fall Of The Republic Exposes How Financial Terrorists Are Imposing Global Enslavement

U.S. must live within its means now that the huge wall street fraud has been consummated and continues without prosecution: says geithner, goldman sachs guy who could help by accounting for the 4 trillion missing at the n.y. fed (Reuters) Obama: 'deceptive and dishonest’ he says of health insurers while looking in the mirror' Washington afraid of opposing Wall Street bonuses: experts FDIC bank fund in the red until ... Mao and Rockefeller: Beck Fails to Call Out the Real Monsters Obama Surrendered To World Government Dollar Touches 14-Month Low on Outlook for Fed’s Target Rate Canadian Dollar Climbs Toward Parity With U.S.... Cap and Trader Demands Carbon Derivatives Bubble Kurt Nimmo | Lord Stern has launched a rating service for carbon credits. Unemployment. Now that’s sustainable Darren Weeks | Every time the media reports the unemployment numbers, it reminds me of George Orwell’s book, 1984. Freedom’s Destruction By Constitutional De-Construction Senator: USA a 'banana republic' situation... History Unfolding David Kaiser | I have never been so afraid for my country and for my children as I am now.

NOT SMART: Harvard Bet on Interest-Rate Swaps Backfires, Costing School $500 Million...

The Criminal american Frauds Have Stolen the Economy Paul Craig Roberts | Interest groups have exercised their power to monopolize the economy for the benefit of themselves, the American people be damned. Fox News Inspired Protesters Locked in Voodoo Trance Kurt Nimmo | Goldman Sachs and the banksters controlled the Bush administration the same way they now control the Obama administration.

wobama, war criminals/criminals dumbya, bush Snr Join Forces To Tout Failed Public Service

Agenda 21: The Death Knell of Liberty Jim O’Neill | Freedom is being replaced by servitude, capitalism by socialism, and property rights by “sustainable development.”

‘Oba Mao’: Chinese Grab Gear Depicting Obama as Communist

White House admits: We 'control' news media...
Escalates war on FOXNEWS...
...Urges rest of press to side with administration

DRUDGEREPORT:Poll: Only 34 percent of Californians approve of Pelosi's performance...
Chicago Faces Massive Furloughs...
Hawaii school's out for recession...
Massive layoffs expected for Pennsylvania state workers...
Colorado insurers say health care bill would lead to 'system collapse'...
Boy To Obama: 'Why Do People Hate You?'...
POLL: 43%t Would Vote To Re-Elect President Obama...
Foreclosures: 'Worst three months of all time'...
Sarkozy will send 'not a single soldier more' to Afghanistan...

Rabbi: Not to Vaccinate is a Sin … riiiiight!… Big Pharma Reaps Billions From Swine Flu Fearmongering Woman Blames Paralyzing Neurological Disease On Flu Shot Ten questions about flu vaccines that doctors and health authorities refuse to answer Europeans Reject Swine Flu Vaccine

Russian stand on Gaza lauded

Editorial: Goldstone Report THE UN Human Rights Council’s (UNHRC) backing of the Goldstone Report into the savage violence in Gaza this January offers a considerable opportunity to Hamas, but it must be doubted if the rulers...

Karzai set to announce decision on Afghan run-off the great american/karzai Afghanistan Vote fraud – they almost pulled it off; but Afghanistan is not criminal america. AP source: Karzai expected to accept he fell short (AP) Fraud inquiry slashes Karzai vote to 48%, setting stage for runoff

Gates: War strategy shouldn't depend on result of Afghan election. What strategy? Cultivate the poppy fields which the Taliban had all but eradicated to add to america’s already substantial gov’t ops illegal drug trade that all are afraid to talk about? New military industrial complex welfare program for defacto bankrupt/broke/broken nation america? (AP)

Iran Accuses Pakistan, Western Nations of Supporting Attackers Voice of America - ‎By VOA News The Iranian government has accused Pakistan, Britain and the United States of supporting rebels it says carried out Sunday's suicide bombing that killed six commanders of the elite Revolutionary Guards and at least 36 other people. Iran links US, UK, Pakistan to bombing AP TEHRAN: Iran accused the United States, Britain and Pakistan on Monday of having links with Sunni militants responsible for a suicide bombing that...

I BELIEVE IRAN!

U.S. Attacks Iran Via CIA-Funded Jundullah Terror Group Paul Joseph Watson | Bankrolling and arming Al-Qaeda offshoot part of 2007 White House directive to destabilize Iranian government

Video: Revolutionary Guard Commanders Killed in BombingThe Associated Press Video: Revolutionary Guard Commanders Killed in Bombing The Associated Press Russia ready to join Iran anti-terror fight PRESS TV

Report: Iran incapable of producing nuke within six to eight years A Washington Post report published Sunday is drawing a wave cheers across the Internet for revealing what is being hailed as “the truth” about Iran’s nuclear program.

Israel plans to devour the world: Hungarian MP A Hungarian lawmaker has voiced worry over Israel’s expansionist policies, saying Israel is trying to take over the world.

Tide is turning against Israel

Max Keiser On JPMorgan, Goldman Sachs Et Al’s Fraud “It’s not froth, it’s fraud. This is an incredible case of accounting fraud and the American peasants have got to be the stupidest people in the world today: they don’t mind becoming peasants, they don’t mind living like peasants, and if that’s the case, we should do nothing to step them from sliding into a peasant class.”

This is so incredible, outrageous, so brazen in their cover-ups/future frauds that time for action protest is now! Time to prosecute and put these criminally insane frauds in jail! The feds, and government employees generally, who pretend they are doing something to earn their overpayment relative to value with the recent paltry $20 million fraud case are a joke and complicit in the cover-up. There have been no prosecutions of the huge frauds whose frauds continue! Goldman Sachs Operative Hired as SEC Unit COO Los Angeles Times | The Securities and Exchange Commission hired a 29-year-old former employee in Goldman Sachs Group Inc.’s business intelligence unit as the first chief operating officer in the agency’s enforcement division.

Populist Rage at Government is Long Overdue Wall Street Journal | Anger is palpable in tea-party groups forming around the country. t Bailout Helps Fuel a New Era of Wall Street Wealth (at The New York Times) Ron Paul Warns of Violence from Pending Dollar Crisis, Says Israel Strike on Iran the Trigger

Order of Magnitude: Globalists Want Obama to Increase Troop Numbers in Afghanistan Kurt Nimmo | The global elite want to realize order out of chaos in Afghanistan, as they did in Iraq Charlie Sheen’s Video Contest: Get Involved in the Call for 9/11 Truth Infowars | It’s up to us to force the government’s hand on 9/11 and reverse the immense injustice perpetrated on the victims, their families, and the American people. Fiat Money: The Fuel of Government Richard Hoste | The government shouldn’t be allowed to print money for the same reason you or I aren’t allowed to counterfeit.

Images are released showing that the lunar mission may be more successful than it first appeared. Riiiiight! If you believe anything the u.s. government, agencies, employees, etc., say…then you are a fool! (No small wonder they’re captivated by the faked boy-in-balloon story) - Scientists are 'are blown away by the data returned. NASA finally sees plume from moon impact Fake Dutch 'moon rock' revealed A treasured piece at the Dutch national museum - a supposed moon rock from the first manned lunar landing - is nothing more than petrified wood, ...BBC News BBC NEWS | Europe | Fake Dutch 'moon rock' revealed Prized moon rock a fake - A PIECE of moon rock given to an overseas politician by the United States is actually a lump of petrified wood, museum authorities revealed yesterday. ... 'Moon Rock' in Dutch Museum Is Just Petrified Wood Aug 27, 2009 ... Fake moon rock at Dutch national museum. Rijksmuseum / AP. This rock, supposedly brought back from the moon by American astronauts, ... http://www.albertpeia.com/moonfraud.htm

In reality it is just a piece of petrified wood ... Another piece of evidence that shows again that Apollo program is indeed a fake and a typical american fraud

DISNEY upset by 'Ho White and Seven Dwarves' ad…ho.ho.ho...

Mexicans say Mexican-Americans Owe Loyalty to Mexico Over U.S.

Editorial: Carnage in Iraq – another criminal american success story……q

Amman warns Tel Aviv on Jerusalem ‘red line’

UN body endorses Gaza report

. The lying game: how we are prepared for another war of aggression John Pilger | Like Bush’s America, Obama’s America is run by some very dangerous people. United States to send ‘up to 45,000 more troops to Afghanistan’ Telegraph | Obama’s administration is understood to have told the British government that it could announce, as early as next week, the substantial increase to its 65,000 troops already serving there. US military spreading death Russia Today | Death rather than nation building — that’s what the U.S. army brought to Iraq and is bringing to Afghanistan according to former army sergeant and anti-war activist Matthis Chiroux. Deformed babies in Fallujah Uruknet | Young women in Fallujah in Iraq are terrified of having children because of the increasing number of babies born grotesquely deformed. Majority of Nobel jury ‘objected to Obama prize’

Spinwatch exposing neocon propaganda Government Propaganda To Infest Network TV Shows (I’ve already seen this in a big way by sampling same) An insidious brainwashing program set to be launched next week will “organically” weave the government’s political propaganda into prime time network television shows, with positive talking points about Obama’s environmental, bailout, health care and “servitude” agenda being seamlessly integrated into the content of dramas, reality shows and comedies. Photos of Military Deaths in Afghanistan Banned The U.S. military in eastern Afghanistan recently changed its media embed rules to ban pictures of troops killed in the war.

Pro-War U.S. Officials Play Up Taliban-al Qaeda Ties Gareth Porter | The Taliban leadership still blames Osama bin Laden and al Qaeda for their loss of power after 9/11. Russia says concerned over U.S. missile defense talks Russia expressed concern on Thursday about discussions on missile defense between U.S. officials and non-NATO members such as Ukraine, local news agencies reported. Barack Obama inherited capability for global nuclear strike A system developed under George Bush gives the Pentagon the capability to carry out pre-emptive nuclear strikes against countries with WMDs, says Ivan Oelrich from the Federation of American Scientists. NKorea says SKorea warships breach border, warns of clashes

DRUDGEREPORT: Boy To Obama: 'Why Do People Hate You?'...
POLL: 43%t Would Vote To Re-Elect President Obama...
Foreclosures: 'Worst three months of all time'...
Sarkozy will send 'not a single soldier more' to Afghanistan...
LEAKED MEMO: 'ORGANICALLY' PRODUCE NETWORK TV TO PROMOTE GOVERNMENT 'SERVICE' AGENDA...
...THEN WEBSITES POINT VIEWERS TO PLANNED PARENTHOOD, OTHER LEFT-WING ADVOCACY GROUPS
FLASHBACK: SALON 2000: Prime-time propaganda; How the White House secretly hooked network TV on its anti-drug message...
Majority of Nobel jury 'objected to Obama prize'...

British Security Services MI5 ‘planned to blow up Sinn Fein headquarters’

Go earn it now, Mr. President

Why US can’t be an honest broker

israel urges UN Rights Council to ignore reality of Gaza report and their war crimes (AFP)

Rational Russia Giving No Ground on Iran Sanctions CNSNews | Secretary of State Hillary Clinton found no support at the Kremlin for tightening sanctions against Iran.

PUTIN RATIONALLY DEFIANT: NO IRAN SANCTIONS
RUSSIA 'PRE-EMPTIVE NUKES'

War Criminals Are Becoming The Arbiters Of Law The double standard under which the israeli government operates is too much for everyone except the brainwashed americans. Russia says Iran sanctions ‘counterproductive’ Trailer 4: Fall of the Republic In just 8 days, ‘Fall of the Republic’ will reveal once and for all the nationwide heist and economic takeover that has been maneuvered through the Bailout and action taken by the private Federal Reserve. A second Great Depression is still probable Financial Times Illinois: 'People Afraid To Come Out Of Their Homes'...

New York Nurses Suing State Over Forced Vaccinations Steve Watson | They say more staff have become ill from vaccines than from the actual flu.

Palestinians: Hopes in Obama have 'evaporated'...

PA rejects netanayahu’s conditions

Editorial: EU and Mideast Today the Arab League and the European Union (EU) open a joint liaison office in Malta, that small but strategically important island at the center of the Mediterranean…

Bought and Paid For Lobbyists from the financial industry have paid hundreds of millions to Congress and the Obama administration.

Congresswoman Kaptur: There Has Been a Financial Coup D’Etat In Michael Moore’s new film Capitalism: A Love Story, Congresswoman Kaptur says there has been a financial coup d’etat, and that Wall Street – rather than Congress – is in charge.

What Is Money? Part 5: Fractional Reserve Banking The heart of the modern monetary system is fractional reserve banking. This system is based on fraud. At the very heart of the modern economy is fraud – fraud on a gigantic scale.

Top economist Obama ‘refused’ to fix bank system, now it’s too late

50 Ways the Federal Government Wastes Our Money

Classic Market Bubble John Lounsbury

The price to book ratio (P/B) is not a good valuation metric for individual stocks, because the price discounts future earnings and growth. A P/B ratio less than 1 for stock X with low earnings and no earnings growth does mean that stock X is undervalued. If stock Y, with P/B=2 has healthy and growing earnings, it may actually be undervalued and a much better buy than A.

However, P/B does have value when assessing the relative valuation of indexes over time. To that extent, I found the following chart from David Rosenberg, Chief Economist at Gluskin Sheff, which I have modified as indicated. [CHART]

Rosenberg suggests that the normal range for P/B ratios is between 1.5 and 2.4. The lower number is what is expected coming out of an economic trough and 2.4 is approximately the long-term average. By his analysis we have not had a P/B ratio consistent with economic reality since 1996. We came close on March 9 but quickly left that place.

Note: My reference lines are slightly above 1.5, 2.0 and 2.5 and are minimally above Rosenberg's reference numbers.

Rosenberg also discusses other valuation measurements at length, including price to earnings ratios (P/E). Read his entire post here.

A graph such as this reinforces the opinion that some have regarding when equities in the U.S. really topped. Looking at this graph, one would say the market topped in 2000. The same conclusion is drawn when the market indices are priced in inflation adjusted dollars or gold. (See here.)

The inference from the Rosenberg graph is that one of the following conditions must pertain:

1. We are well into recovery and should entering a maturing growth phase of the business cycle within a couple of years; or

2. We are still declining from the 2000 market high and the current rally will have to give back substantial portions of the gains before long-term market growth can be maintained; or

3. We are still declining from the 2000 market high and have not yet reached the bottom.

I give a greater than 50% probability to #2. The other two get much smaller probabilities: #1 Less than 10% and #3 less than 30%. (You can put the missing 10% into rounding errors. After all, guesses should have large rounding errors.)

The final thought I have from this chart is that it represents a classical picture of a bubble.

The Great Recession: The numbers tell the story

AP Business Writer Tim Paradis

NEW YORK – A year ago this weekend, the Dow Jones industrial average had just finished a slow-motion crash. Over eight days, it fell 2,400 points, or 22 percent, and stood at 8,451.

One year later, the Dow is at 9,865. It's up 51 percent from a 12-year low of 6,547 on March 9 — when some investors feared the financial world was coming to an end.

But the complete story of the Dow's journey since the economy soured goes back a little further. Two years ago this week, on Oct. 7, 2007, the Dow set its record high of 14,164.

What followed was a three-act play. For five months, from October 2007 through the collapse of investment bank Bear Stearns in mid-March 2008, the Dow fell 2,000 points in an orderly fashion as investors anticipated a garden-variety recession. From mid-March until Labor Day, the Dow rose and fell but was little changed. Right after Labor Day, Fannie Mae, Freddie Mac, Lehman Brothers and AIG failed over 10 days. The credit markets froze, and investors panicked, fearing another Great Depression. There were rallies amid the downward spiral that ensued, but over six months — until the low on March 9 — the Dow fell 5,000 points.

So where do we stand today?

The seven-month rally since March has yet to wipe away all the losses, but few expected that the Dow would be edging back to 10,000 so soon. Unemployment is close to 10 percent, but other parts of the economy are stabilizing. Consumers are still hunkered down, but retail sales showed a slight gain in September. The panic of last fall has been replaced by the resignation that the worst is over but it might be years before the economy booms again.

"The problems that we're dealing with — there's a little bit less urgency," says Alan Levenson, chief economist at T. Rowe Price Associates. "We've stopped what could have been fatal bleeding."

Here's a by-the-numbers look at the stock market and the economy since the eight-day crash one year ago:

• $11.2 trillion: Total losses in the stock market from the Dow's peak in October 2007 to the March 2009 bottom.

• $4.6 trillion: Total gains in the stock market since March 9.

• 6: The number of the 10 worst point drops in the 113-year history of the Dow that occurred in 2008. The 777-point drop on Sept. 29, 2008, ranks No. 1.

• 3: The number of the 10 worst percentage drops that occurred in 2008. The Sept. 29 decline of 9 percent is the third-biggest behind 22.6 percent on Oct. 19, 1987, and 10 percent on April 14, 2000.

• 92 percent: Decrease in Citigroup Inc.'s share price from Oct. 10, 2008, ($13.90) to March 9 ($1.05).

• 341 percent: Increase in Citigroup's share price from March 9 to Friday's close of $4.63.

• 18-20: The historical average for the Volatility Index of the Chicago Board Options Exchange, also known as the VIX, or "Fear Index."

• 89: Where the VIX peaked last October.

• 23: Where the VIX was on Friday.

• 16 percent: The amount by which the Dow's closing level on Friday was higher than its average close the previous 200 days. Earlier this month the number hit 20 percent, the highest since the early 1980s.

• $6.5 trillion: Value of assets in stock mutual funds at end of 2007.

• $3.7 trillion: Value at the end of 2008.

• $4.5 trillion: Value at the end of August.

• -$72 billion: Net cash flow (money put in minus money taken out) for stock mutual funds in October 2008.

• -$25 billion: Net cash flow in March.

• $4 billion: Net cash flow in August.

• $9: The amount, out of every $10 investors put into mutual funds in August, that went into bond funds.

• $855.40: The price of an ounce of gold on Oct. 10, 2008.

• $1,048.60: The price of an ounce of gold on Friday.

• 6.2 percent: Unemployment rate a year ago.

• 9.8 percent: Unemployment rate today.

• 95.2: Consumer confidence two years ago. Reading above 90 means the economy is on solid footing; above 100 signals strong growth.

• 25.3: Consumer confidence in February — record low.

• 53.1: Consumer confidence today.

• 2.8 percent: Decline in retail sales in October and December 2008.

• 2.7 percent: Increase in retail sales in August.

• 4.75 percent: Federal funds rate two years ago.

• 1 percent: Fed funds rate last October.

• 0 - 0.25 percent: Fed funds rate today.

• 4.81 percent: London interbank offered rate (LIBOR), the amount banks charge each other to borrow money for three months, at its peak, on Oct. 10, 2008.

_0.28 percent: Three-month LIBOR rate Friday.

• -0.5 percent: Personal savings rate in 2005 as home prices were soaring.

• 6.9 percent: Personal savings rate in May.

• $975 billion: Credit card debt held by Americans last September.

• $899 billion: Credit card debt held at the end of August, down 8 percent.

• 7 million: Home resales in 2005, a record year.

• 4.5 million: Home resales in January at annual rate.

• 5.1 million: Home resales in August at annual rate.

• $245,000: Median price of homes sold in 2006 — record high.

• $213,000: Median price of homes sold last October.

• $195,000: Median price of homes sold in August.

Government to Use Swine Flu for Another Control Mechanism Wayne Madsen: Why give Peace Award to man at helm of conflicts? Arizona Sheriff Vows to Enforce Immigration Law Whether ‘Feds’ Like It or Not Obama to Send More Troops to Iraq NYC CAN Verdict: 80,000 Silenced by State Supreme Court Woman imprisoned for selling to Saddam was working for CIA Billionaire EU campaigner ‘paid’ Tony Blair Police State Canada 2010 and the Dark Side of the Olympics Dem Apparatchik Describes Millions of Americans as Terrorists Kurt Nimmo | Every American who has a problem with Obama receiving the Nobel peace prize is a terrorist, according to the DNC. The Resistance Mounts Karen De Coster | I have never before witnessed this level of interest and awareness among the masses. No wonder the state hates the Internet. Waco Siege “Enforcer” To Rule Over Global Police Force Paul Joseph Watson | Man who both approved and covered-up government slaughter of 76 people, including 20 children, will lead move to establish international model of law enforcement. Actually, this was an op for cover-up of Clinton et als crimes - Died Feburary 28, 1993 by gunfire at Waco. All four were examined by a pathologist and died from identical wounds to the left temple. All four had been body guards for Bill Clinton, three while campaigning for President and when he was Governor of Arkansas.They also were the ONLY 4 BATF agents killed at Waco.

Obama and the Nobel Prize: When War Becomes Peace, When the Lie Becomes the Truth We are the crossroads of the most serious crisis in modern history. The US in partnership with NATO and Israel has launched a global military adventure which, in a very real sense, threatens the future of humanity.

DRUDGEREPORT: BBC: What happened to global warming?
Montana cold breaks records...
Record Cold temps in Idaho threaten potato crops...
Hundreds protest Gore in chilly Wisconsin...
Man has microphone cut off after asking about 'errors' in film...
Video...
Soros says aims to invest $1 Billion in green tech...
Video...
Poll: Top Dem has 50 percent unfav--in his own state...
BROKE: Recession-hit Britain to sell off state assets...
Francis Ford Coppola Sees Cinema World Falling Apart...
Nobel committee defends Obama choice...
Chavez says did 'nothing' to deserve it...
California Budget in the Red 10 Weeks After Passage...
'Major Blow' as Debt Sales Loom...
DIE IS CAST AS DOLLAR DEMISE ASSURED BY DEFACTO BANKRUPT AMERICA’S DECLINE AND CONCOMITANT POWER SHIFT

Mideast: Charade of a continuing peace process

Afghanistan a lost cause

Israel Forced Workers to Drink Uranium Russia Today | Nuclear plant workers “lured” into drinking uranium-laced fruit juice as part of a medical experiment.

Jonathan Elinoff: Israeli Art Students Had WTC Construction Passes Jonathan Elinoff | I was contacted by an individual who led me to this information about the art students living in WTC Tower 1 before 9/11.

Journalist vows to follow up on ‘Israel organ theft’ Six weeks after he caused a political storm over his article on alleged Israeli organ thefts, the Swedish journalist behind the controversy says he will not quit the story despite receiving hundreds of death threats.

netanayahu: No war crimes trials for israeli war criminals – so if he say so the world should obey- The World Court has jurisdiction to meet out justice lest they be branded cowards/hypocrits (AP)

Former israeli Deputy Defense Minister: iran Strike on Christmas Political Theatrics | Tis the season to be jolly… and mass murder innocents.

Iran: israel's threats inexplicable Iran's ambassador to UN demands Security Council take steps against comments made by Ephraim Sneh, who said israel would attack Iran if sanctions weren't in place by Christmas

Microsoft 7, Bill Gates, the CIA “The FREE SOFTWARE FOUNDATION (FSF) is to write to the leaders of 500 of the most influential non-governmental organizations (NGOs) worldwide to urge them to refuse Windows 7.”

FBI-Stung Terrorist Targeted Dallas Office Tower where CIA Agent/County Republican Party Chairman Works, CIA Cocaine and 9/11 Ties

Glenn Beck’s Slick Propaganda Segment on the H1N1 Vaccination Kurt Nimmo | The government wants a preponderant number of people to get vaccinated against a non-existent pandemic by a virus that has so far killed less people than the regular flu season. Former Lieutenant Colonel Sues Florida Over Forced Vaccination Policy Paul Joseph Watson | A former lieutenant colonel who almost died from taking a smallpox shot is suing the state of Florida over a law that allows the government to forcibly vaccinate the public in the event of a pandemic. Geithner’s Appointment Book: Taking Orders from the International Bankers Kurt Nimmo | Geithner is a key player in a long-running bankster plot Japan threatens to kick out US troops Telegraph | Resentment against their presence has grown in recent years due to a series of crimes committed by service personnel. Former White House Speechwriter Suggests Military Coup Could Oust Obama Former White House speechwriter John L. Perry has courted controversy by suggesting that the U.S. Military, upholding their oath to defend the Constitution against domestic enemies, could stage a bloodless coup to oust President Obama. WIRE: Obama's woes keep piling up around globe...

War Mongerers israel, u.s. to hold provocative maneuvers as Iran talks simmer

Israel foreign minister: Peace deal impossible now (AP)

Peer Pressure: Why Even Sophisticated Investors Succumb to Groupthink
8 Common Mistakes Investors Make

· Succumbing to tunnel vision.

· Being overly reliant on experts.

· Not realizing how much we're influenced by peer pressure.

· Viewing each problem as unique.

· Illusion of understanding.

· Assuming there's a definitive answer.

· Assuming all risks are factored in.

· Confusing luck versus skill.

The 'Buy Anything' Market It's the "buy anything market" brought to you courtesy of the destruction of your currency… [the following comments were so astute that I’ve included them hereafter]

1. MARK BERN: It's pretty scary to me when even companies that are significantly under-performing on revenue and earnings are keeping up with those companies that performing well. I suspect that this sort of action will end badly, with those companies that are undeserving getting slaughtered when fundamentals start to matter again. It's really kind of reminiscent of the good old dot com days when earnings didn't really matter. All such improprieties do end. The dream will end and we will all wake up hoping that we did pay attention to those silly things like revenue growth and earnings after all.

2. MARK ACE: This is the most honest article I have read in along time, but there may be a few reasons below the surface that are driving at least some of this insanity. The charts and technicals suddenly look better to the computers doing the trading as many of the big dips from last year have now fallen off of the charts and stats. The ETF mania causes stocks to be grouped by industries or indexes with little regard for individual performance or fundamentals and ETF buying is now a market force. Pure greed is overriding too many decisions with too many investors afraid of missing out and creating a psychology of panic buying and still pushing some short sellers into covering. However, I think a big driver is simply the notion that cash is trash and so with the dollar diving holding any other asset is a plus at the moment. Ultimately the falling dollar will cause other problems costing investors dearly in purchasing power, but the gains look good on paper and beat the losses possible from holding dollars and not investing them. Unfortunately, there are too many conflicting variables out there in the form of considerations like: government interventions, herd mentality buying and selling, quick moving currency valuations, artificial interest rates and potential inflation affecting investments decisions far more than individual fundamentals of individual companies I used to be an avid DD guy, but have now found it to be a waste of time.

Massive Ordnance Penetrator: Another Sign Obama Will Strike Iran TV Mind Control – A new trailer for ‘Fall of the Republic’ Infowars | As another new trailer reveals, ‘Fall of the Republic’ goes far beyond the words and actions of Barack Obama and his controllers to the TV-based mind control that allows their dark agenda to take hold in the minds of the general public. Obama Supports Speech Limits at United Nations … What an embarrassment he’s become …s

Gore Vidal’s United States of Fury The current spasming death of America was foretold at its birth, Vidal says, and it can only be understood by whirling back there. It has been his mission to explain the past to the “United States of Amnesia,” through his novels and essays. When he speaks, he sweeps over two millennia of history – from Caesar to Obama – as if he was there, forever spraying one-liners from the back row. Today, he was stopped time in Philadelphia, at the birth of the republic. “Benjamin Franklin saw all this coming,” he says. “I quote him because most Americans don’t even know who he was now. You’ll have to explain to your readers.” Franklin was a writer, scientist and soldier who became one of the founding fathers of the United States. “In Philadelphia in 1781, when the constitution was being put together, he was an observer. He didn’t want to have any part of it, and as he was leaving the Constitution Hall in Philadelphia a couple of old ladies said, ‘Ah, Mr Franklin, what is going to happen?’ He told them: ‘Well, you’re going to get a Republic, if you can keep it. But every constitution of this sort has failed since the beginning of time due to the corruption of the people.’”

SO THE AMERICAN PEOPLE ARE CORRUPT? AMERICANS WEREN’T GOOD ENOUGH FOR AMERICA? “PRECISELY. THEY WERE ONLY GOOD ENOUGH TO BE A RESTIVE COLONIAL POWER – OR THE DREGS OF ONE.”

Obama Under Fire Over Falling Dollar As Gold Nears $1050 The sharp fall in the US dollar is giving ammunition to the critics of the Obama administration and fuelling broader concerns about the erosion of America’s reserve currency status. Sellout: Code Pink Reconsiders Anti-War Stance Now Obama Is In Office Recession Spells End for Many Family Businesses

DRUDGEREPORT: `Obama under fire over falling dollar...`
`Alarm over debt draws together diverse coalition...`
`Budget deficit hits $1.4 trillion for '09...`
`GOLD $1,500?`
`Shouts of 'Stop printing money' greet Dem congressman at townhall...`

US Of Necessity Cedes Economic Independence To IMF Dick Morris discusses how the United States, at the G20 conference, put itself under the guidance and, ultimately, control of the International Monetary Fund even as it succeeded in turning more power in that organization over to debtor nations. The Declaration of Independence is being repealed before our eyes.

Entering the Greatest Depression in History Andrew Gavin Marshall | The economic crisis is anything but over, the “solutions” have been akin to putting a band-aid on an amputated arm. Roubini Sees Stock Declines as Soros Warns on Economy Expect Economic Stagnancy, If Not Worse, for Years to Come Obama referred to Friday's jobs data, a loss of 263,000 jobs (roughly 100,000 more than economists expected) as sobering. Well, I agree, but to say it was unexpected is to buy into those that thinks we are in recovery phase. To me we are in the lull before the storm. By the way, of over 80 economists surveyed, none, not one, predicted the number to be as high as 263,000. That reality is sobering. But if you really want something sobering, I suggest the following link. As the author points out, if you are expecting consumers to start spending more money for an economic rebound then you are sadly mistaken. They are already spending at very high (record) levels in terms of a percentage of personal income and as a percentage of GDP. And even that is not really lifting us out of this recession absent government support. Even though consumers are pretty much spending as much as they can, the economy is still struggling. So I don't expect things to improve from here. And as this piece points out, we are in for a world of hurt due to the size of the private debt that has built up. Charts Predict Downside for the Markets Shorting the Double Dip The double dip has begun… The reported unemployment number is 9.8%; real unemployment is 20% if you include those who have stopped looking and part time workers wanting to work full time. And the labor force participation rate is at a 23 year low... The Recovery That Isn’t Peter Schiff | Americans are once again taking the government’s bait by spending money they don’t have to buy things they can’t afford. Dangers, Failures, Diversions and Shortfalls Bob Chapman | Yes, too big to fail is still in vogue, just as it was in the 1930s. The Real Reason the Giant, Insolvent Banks Aren’t Being Broken Up US Lost Credibility by Saying Banks Were Healthy, Audit Says World Bank and IMF join global attack on the dollar Larry Edelson | Washington has no choice but to devalue the dollar — and how global leaders and even the United Nations have joined the attack on the greenback by demanding it be replaced as the world’s reserve currency. US economic decline forges new world order Agence France-Presse | “The American engine is not as strong as it was before,” IMF managing director Dominique Strauss-Kahn said in a speech. Expert on Structured Finance and Derivatives Gives the Big Picture Wall Street disguised these toxic “investments” with new value-destroying securitizations and derivatives. Meanwhile, collapsing mortgage lenders paid high dividends to shareholders (old investors) and interest on credit lines to Wall Street (old investors) with money raised from new investors in doomed securities. New money allowed Wall Street to temporarily hide losses and pay enormous bonuses. This is a classic Ponzi scheme… 300 Members of The House Support Audit the Fed Roubini: Stocks, Commodities Have Risen 'Too Much, Too Soon, Too Fast'... TARP Boss Plays Soft Ball with the Banksters Kurt Nimmo | The “gigantic train of crime” is rolling again and it will be far worse than it was in 1929 and the 1930s. Study: Bernanke, Paulson misled public on bailouts Euro Banks May Have to Raise $78 Billion: JP Morgan U.S. Suffering Permanent Destruction of Jobs HSBC Chief Warns of Second Downturn: Report Unemployment to Rise Through Most of 2010: Roubini

Dr. Oz Will Propagandize For H1N1 Vaccine, But He Won’t Give It To His Kids Doctors Concerned FluMist Vaccine Could Spread Live H1N1 Virus New Trailer for ‘Fall of the Republic’ FBI Veteran Executive Calls For Special Counsel Investigation, Prosecutions in Sibel Edmonds Case La Raza President Wants Health Care Reform for ‘Everyone,’ Including Illegal Aliens

Jerusalem provocations decried

Abbas Cancels israel War-Crimes Report, Boosting Hamas (Time.com) Time.com - The decision by Palestinian Authority President Mahmoud Abbas to suppress a U.N. investigation of documented war crimes in Gaza has presented a massive political gift to Hamas

Fall Of The Republic & The Rise Of The Resistance Autism Explodes As Childhood Vaccines Increase

First Order of Business for Post-Lisbon EU: Appoint War Criminal As President James Corbett | The coming weeks and months will be the most critical for the creation of this pumped-up regional superpower.

Obama agrees to keep Israel’s nukes secret Washington Times | Obama has reaffirmed a 4-decade-old secret understanding that has allowed Israel to keep a nuclear arsenal without opening it to international inspections which is just dandy for u.s. credibility, truth, and justice, all of which are foreign to america today.

us trying to downplay Iran’s Geneva achievements

Judge Napolitano on Iran War Rhetoric Infowar | Judge Andrew Napolitano talks about the troubling rise in war mongering rhetoric against Iran. Pepe Escobar | Brazilian President Lula is an island of common sense in an ocean of bomb Iran hysteria.

Mahmoud Ahmadinejad revealed to have Jewish past further lending credibility to his legitimate concerns over the zionist aspirations in the region and israel’s illegal acts in violation of international law, u.n. resolutions, genocide against the palestinians, war crimes, etc.t

RAMALLAH: Several Palestinian political factions and human rights organizations on Saturday harshly criticized the Palestinian Authority’s request to defer a UN Human Rights Council vote on a... Israel restricting Arab Americans' travel

8 US Troops Killed in Siege of Outpost Washington Post - KABUL, Oct. 4 -- US commanders had been planning since late last year to abandon the small combat outpost in mountainous eastern Afghanistan where eight US soldiers died Saturday in a fierce insurgent assault. U.S. troops call Afghan region ‘Vietnam without napalm’ Ten US soldiers killed in Afghanistan

UN: Iran Has Data to Make Nuclear Bomb but israel illegally already has many such nuclear bombs... US President Barack Obama will not pressure Israel to publicly disclose its suspected nuclear weapons program, nor will he pressure the Jewish state to sign the nuclear Non-Proliferation treaty, the Washington Times reported on Friday, which is just dandy for u.s. credibility, truth, and justice, all of which are foreign to america today. .

Israel names Russians helping Iran build nuclear bomb and rational world would say so what until israel identifies the operatives who stole the american nuke technology to build their bomb b

ElBaradei says nuclear Israel number one threat to Mideast...

wobama shows he stands for nothing, lacks courage, has done nothing of what he promised, has failed, and breaks precedent by not meeting Dalai Lama...
ARABS RATIONALLY, ALONG WITH WHAT REMAINS OF RATIONAL WORLD, PLAN TO DROP DOLLAR

SHORTING THE DOUBLE DIP 10-4-09 Michael Shulman

The double dip has begun.

Statistically, we will see a rise in GDP in Q3 and in Q4. This is anticipated and meaningless data, but the numbers will hit headlines.

In the real world, the double dip has begun. Here is why - no one seems to be willing to pull things together in one short argument, perhaps for fear of being bored by a bull wearing green shoots. Simply put, all the core factors in driving an economy upward are broken other than pundit comments talking about "it must turn upward base on historical data." ..

Unemployment: The reported unemployment number is 9.8%; real unemployment is 20% if you include those who have stopped looking and part time workers wanting to work full time. And the labor force participation rate is at a 23 year low.

National Income: Wages are falling and work hours are stagnant, according to Friday's jobs report, and combine these data with a shrinking work force and rising unemployment and you continue to have a sharp downturn in national income.

Consumer Spending: National income drives consumer spending, which is contracting due not just due to falling national income but rapidly contracting credit lines and a near 40% loss of accumulated wealth in the property and equity markets. And while consumer spending ostensibly is 70% of the economy, this includes spending on health care - love those government statisticians - so contraction has an incredibly outsized impact on consumer discretionary spending - luxury goods, travel, restaurants, unnecessary goods, expensive goods - anything you can trade down from to a lower level of price with equivalent functionality.

Credit Contraction: The credit contraction has been ferocious for consumers and small businesses as noted this morning by uber analyst Meredith Whitney (one of my favorites) in the Wall Street Journal. Depending on how you slice data, almost all increases in consumer spending since either 2002-2003 or 1997 has been due to credit. Trillions have been withdrawn and Ms. Whitney postulates another $1.5 trillion dollars will disappear in the coming months due to banking caution and changes in regulations. Given the total lack of credit to small business, and this segment is 38% of GDP and 50% of new job creation, there cannot be a recovery until credit begins to flow.

Zombie Banks: Nothing has changed with toxic assets and zombie banks - nothing, and even the IMF said this - and another $1.5 trillion needs to be written down, at least. Just because these assets are not in the headlines, and the Fed, the Treasury and the FASB faked stress tests and changed accounting rules, this does not mean the banks are or will be lending in a meaningful way in the near future. The Fed prints money, the banks sit on it to shore up busted balance sheets.
Business Investment: There are too many factories around the world, too many shopping malls an stores, too much commercial real estate - and at levels beyond all historical norms or comparisons. The first several legs of a rebound needed to absorb this capacity before we see any uptick in business investment that materially helps the economy.

The End of Stimulus: The buy gold and build a bomb shelter types have been screaming about the Fed printing money - what the Fed did was print enough money (they added a trillion to their balance sheet) to replace what was lost in the shadow and real banking systems - but not enough to replace what will be lost in the next 12-24 months. That being said, there is no political support for more stimulus. Deficits and a Congressional election preclude another stimulus package next year and the Fed and Uncle Sam have already said they are definitely pulling back, beginning November 1. We saw what happened to auto sales after Cash for Clunkers ended; ditto for home sales data in the coming weeks as the $8K tax credit expires. The bottom line: the economy will be much on its own next year.
Corporate Earnings: Corporate earnings follow the economy and they may be all right for Q3 and perhaps Q4 but they are going to disappoint the Street in 2010, big time. You can only cut costs so much - you need some top line growth - and it is only going to be there next year.

Markets: And one historical norm I like is the regressing of markets to the mean of corporate earnings. Translation - the market should be coming down next year or perhaps in 2011.

What to Do:

If you like to short, consider the following - short the S+P (puts on the SPY), long term; short consumer discretionary spending via puts on the XLY; short the companies making stuff know one needs, like Harley Davidson (HOG) and Brunswick (BC); short companies making things no one can get credit to buy, such as new homes, via puts on the XHB ETF; short business spending via travel companies, the first thing to be cut in a business cutback, via puts on Avis (CAR); short retailers with terrible balance sheets, notably Macys (M).

EXPECT ECONOMIC STAGNANCY, IF NOT WORSE, FOR YEARS TO COME by: Craig Brown October 04, 2009

Obama referred to Friday's jobs data, a loss of 263,000 jobs (roughly 100,000 more than economists expected) as sobering. Well, I agree, but to say it was unexpected is to buy into those that thinks we are in recovery phase. To me we are in the lull before the storm. By the way, of over 80 economists surveyed, none, not one, predicted the number to be as high as 263,000. That reality is sobering.

But if you really want something sobering, I suggest the following link. As the author points out, if you are expecting consumers to start spending more money for an economic rebound then you are sadly mistaken. They are already spending at very high (record) levels in terms of a percentage of personal income and as a percentage of GDP. And even that is not really lifting us out of this recession absent government support. Even though consumers are pretty much spending as much as they can, the economy is still struggling. So I don't expect things to improve from here.

And as this piece points out, we are in for a world of hurt due to the size of the private debt that has built up. We may do well in the short to medium term while government spending/stimulus props us up, but that will in time end and then we are all in for a world of hurt.

Now I hate repeating myself so much, but let's consider the math and see where it leads us:

· The unemployment rate is nearing a two decade high;

· Those with jobs are working the these least number of hours per week ever (roughly 33);

· Adjusted for inflation, hourly wages are at their lowest in three decades;

· Overall debt, government and private, is at record levels;

· Foreclosures are mounting on both a residential and commercial level;

· There are an estimated 13 months worth of shadow inventory of houses, i.e. those that will be for sale but are being held off the market for one reason or another;

· When closing costs are considered, nearly 50% of all homes are under water on their mortgages;

· We have now reached a record in terms of unemployed people who are staying unemployed beyond their unemployment benefits;

· We also have a record in terms of job availability for the unemployed with job openings only there for one in six who are unemployed;

· Our economy is over two thirds reliant on consumer spending, which is a totally unsustainable model going forward;

· Financial companies have doubled their GDP contribution in the past decade or so, though it is now obvious that they are not adding any benefit to the economy; and

· I am tired of repeating all this bad news with seemingly no one paying attention.

Folks, I am not saying when the problems will sink in and take hold, but they have to at some point. At the very best, our economy will be stagnant for years to come, probably over a decade. More likely, in my opinion, we have a world of hurt on the way with the only question in my mind being when will this reality sink in? …

DRUDGEREPORT: THE EGO HAS LANDED
WORLD REJECTS OBAMA: CHICAGO OUT IN FIRST ROUND
Rio erupts in celebration with 2016 Olympics...
America stunned...
UNEMPLOYMENT 9.8%: WORST SINCE JUNE 1983 ... -263,000 LOST JOBS...
17% rate including laid-off workers taking part-time work or given up...
Philippines Declares 'State of Calamity'; Typhoon Triggers Evacuations...
Frantic search as Indonesia quake toll tops 1,000...

Afghanistan: UN fires US envoy as US strategy stalls WASHINGTON: The top American official at the UN mission in Afghanistan was fired Wednesday after disagreeing with his boss on how to deal with widespread fraud charges from the presidential election....

U.S. troops call Afghan region ‘Vietnam without napalm’

Sec. State Clinton Repeats Obama Lie to Threaten Iran

Iran’s Nuclear Threat Is a Lie

Philippine rebels demand pullout of US troops

Russia urges world not to get too ‘emotional’ about Iran

Israeli Army jeep crushes Palestinian teen to death

DRUDGEREPORT: UPDATE: Powerful 8 mag quake strikes near Samoa...
Tsunami causes deaths...
Villages 'wiped out'...
Philippine death toll rises as new storms brew...
HEALTH CARE WORKERS REVOLT: 'NO FORCED SHOTS!'
Officials: Fed will need to boost interest rates quickly...
FDIC says bank failures to cost around $100B...
World Bank Head Sees Dollar's Role Diminishing...
OLYMPIC SPIRIT: VIDEO SHOWS BRUTAL GANG MURDER IN CHICAGO
American, EU , Israeli spies split on Iran's efforts to design nuke warhead...
RASMUSSEN POLL: Support for Health Care Plan Falls to New Low; 41% Favor 56% Oppose...
Liberal Dems seek access for illegals...
Senate committee scheduled for too-close-to-call vote to block use of insurance vouchers for abortions...
Obamacare: Buy insurance or go to jail!
Andy Williams accuses Barack Obama of following Marxist theory...
Michigan faces govt. shutdown...
Large-loan bank losses triple to $53 billion...
Fresh bailouts for smaller banks being weighed...
Defaults on Credit Cards Climbed to Record 11.49%...
British Delegates Walk Out Embarrassed By Their Balfour Blunder...
Czech president: Climate meeting was propaganda...
Commanders back Afghan troop hike assessment…What do you expect them to say? They’re always for budget bustin’ their way…After all, just tax money, not theirs…Remember the Iraq debacle…Remember, america’s defacto bankrupt!...
Obama to push for new economic world order…careful what you wish for-any new economic world order relegates u.s. to 3^rd world banana republic status, worthless currency/paper, deficits, gunboat diplomacy and all...
FBI arrests Jordanian for downtown Dallas bomb plot...
Illinois man charged in plot to bomb federal offices...
Terror suspects accused of targeting Marine base in Quantico...
Men vanish after taking photos of Philly subway system...
SHOCK VIDEO: School kids taught to praise Obama...
NEW PUSH FOR GLOBAL CURRENCY...
HSBC bids farewell to dollar supremacy...
K-9 Units Probe Schools To Stem Heroin Epidemic...
Teacher Stabbed to Death by Student...
Administration to Cut 384 Agents from Mexican Border…sounds like a plan...
Says Climate Change 'Irreversible Catastrophe' If Not Addressed...
UK Paper: 'Obama the impotent: The disappointment is tangible'...
Why is everyone saying no to him?
NY GOV BLAMES PRESIDENT FOR WOES
UN Climate Summit Leaves Large Carbon Footprint in NYC; 'Each foreign leader has a convoy of vehicles'...

Iran: US, UK, France deceiving world on their nukes

“The US wants to punish country that israel doesn’t like” Iran discloses location of nuclear site

Probe Gaza crimes, us perfunctorily tells fox in henhouse israel

Palestinians call for Israel to be ‘punished’ for Gaza offensive As it turns out that the Obama vision for a Middle East peace is a flop.

World Bank Head Sees Dollar's Role Diminishing... Fed didn’t bark at subprime loan abuses The Anti-Fed Revolution Is Happening Michigan faces govt. shutdown... Zoellick Says U.S. Shouldn’t Take Worthless Dollar’s Primacy for Granted Bloomberg | World Bank President Robert Zoellick said the U.S. shouldn’t take for granted the increasingly worthless dollar’s status as the world’s main reserve currency.

Congressman Sherman: Geithner’s Proposal is ‘TARP on Steroids’ Paul Volcker and senior Harvard economist Jeffrey Miron both testified to Congress this week that the government is trying to make bailouts for the giant banks permanent.

Merck employees had “hit list” of doctors they sought to “neutralize”, court documents reveal (opinion) Previously secret documents that surfaced at a Vioxx court case in April of this year reveal pharmaceutical giant Merck maintained a “hit list” of doctors to be “neutralized” for speaking out against Vioxx.

This Tuesday, Sept. 22, 2009 picture provided by the Pennsylvania Society for the Prevention of Cruelty to Animals' shows a female cat covered in duct tape from head to toe which was dumped in a yard in the Rhawnhurst section of Philadelphia, but found by the SPCA Tuesday. Medical staff at the Pennsylvania SPCA were able to successfully remove the tape. A $1,000 reward is being offered for information leading to the conviction of whoever wrapped the feline.

CDC Drafts “Isolation Order” for H1N1 School Kids Praise Obama and the State in Video Lawyer says Oklahoma City bombing tapes edited Provocateur Cops Caught Disguised As Anarchists At G20

U.S., NATO Poised For Most Massive War In Afghanistan’s History Rick Rozoff | America’s longest armed conflict since that in Indochina and NATO’s first ground war threatens to not only remain the world’s most dangerous conflagration but also one that plunges the 21st Century into a war without end.

Building a Pretext for Mass Murder: Iran’s “Secret” Enrichment Facility Kurt Nimmo | Iran’s sharia-compliant assets are a threat to the international bankers and their plan for a one-world government and global slave plantation.

G20 Police & Military Savagely Attack Peaceful Protesters In Pittsburgh Park Paul Joseph Watson | Police and military units savagely attacked peaceful protesters in a Pittsburgh park last night and Infowars reporter Rob Dew was arrested during the melee.

Obama’s Hell-Ride to War on Iran Daniel McAdams | Antiwar movement: largely silenced. Credible proof of outcome-changing fraud: none. Coming cost in death and destruction: priceless.

Scott Ritter: Obama Is Technically & Legally Wrong On Iran Nukes Simply put, Iran is no closer to producing a hypothetical nuclear weapon today than it was prior to Obama’s announcement concerning the Qom facility.

Italy: World won’t support Israel attack on Iran Italy’s foreign minister Franco Frattini says the global community will not support an Israeli attack on Iran, describing such a move as ‘catastrophic’.

Radical solutions needed to resolve global conflicts NEW YORK: Saudi Arabia yesterday called for radical solutions to global conflicts including the Arab-Israeli conflict on the basis of UN resolutions and international law.

Palestinian "moderate" government slams Israel on mosque (Reuters) Palestinian teens wounded by Israeli fire in Gaza: medics (AFP) In a speech before the UN General Assembly on September 24, International law violator israel Prime Minister netanayahu plays holocaust card to launch a blistering attack on Iran and Hamas.

US To Face ‘Armageddon’: China, Japan Can’t Keep Buying Worthless Debt Peter Schiff Says Gold to $5,000/ounce and US Market Rally Will Fade “The Federal Reserve is There to Accommodate the Politicians.”

When Housing Is Priced in Gold Pricing U.S. homes in gold reveals that housing has fallen by two-thirds from its 2005 peak.

Armored Police Seize University of Pittsburgh Campus, Attack Students, Then Claim They Were Stopping Anarchists Video From G20 the Corporate Media Will Never Show You Kurt Nimmo | Students learn what the New World Order and federalized and militarized police are all about. Military Police Kidnap G20 Protester, Shove Him Into Unmarked Car Paul Joseph Watson | A shocking scene that wouldn’t look out of place in the darkest days of Nazi Germany – welcome to Amerika in 2009.

DRUDGEREPORT: Obamacare: Buy insurance or go to jail!
Large-loan bank losses triple to $53 billion...
Fresh bailouts for smaller banks being weighed...
Defaults on Credit Cards Climbed to Record 11.49%...
British Delegates Walk Out Embarrassed By Their Balfour Blunder...
Czech president: Climate meeting was propaganda...
Commanders back Afghan troop hike assessment…What do you expect them to say? They’re always for budget bustin’ their way…After all, just tax money, not theirs…Remember the Iraq debacle…Remember, america’s defacto bankrupt!...
Obama to push for new economic world order…careful what you wish for-any new economic world order relegates u.s. to 3^rd world banana republic status, worthless currency/paper, deficits, gunboat diplomacy and all...
FBI arrests Jordanian for downtown Dallas bomb plot...
Illinois man charged in plot to bomb federal offices...
Terror suspects accused of targeting Marine base in Quantico...
Men vanish after taking photos of Philly subway system...
SHOCK VIDEO: School kids taught to praise Obama...
NEW PUSH FOR GLOBAL CURRENCY...
HSBC bids farewell to dollar supremacy...
K-9 Units Probe Schools To Stem Heroin Epidemic...
Teacher Stabbed to Death by Student...
Administration to Cut 384 Agents from Mexican Border…sounds like a plan...
Says Climate Change 'Irreversible Catastrophe' If Not Addressed...
UK Paper: 'Obama the impotent: The disappointment is tangible'...
Why is everyone saying no to him?
NY GOV BLAMES PRESIDENT FOR WOES
UN Climate Summit Leaves Large Carbon Footprint in NYC; 'Each foreign leader has a convoy of vehicles'...

Abbas rules out talks with Israel NEW YORK: The Palestinians cannot return to peace talks at this time because of “fundamental disagreements” with Israel on what should be on the agenda Middle East peace: Obama’s choice

Rational Brzezinski: Shoot Down Israeli Planes If They Attack Iran

Afghanistan: Where Empires Go to Die Dahr Jamail | Genghis Khan could not hold onto Afghanistan. Neither will the United States.

US General Warns 'Failure' in Afghanistan Without New Troops By VOA News The top US and NATO military commander in Afghanistan is warning that the mission "will likely result in failure" if more troops are not sent within the next year. Report: Troops needed to avoid Afghan failure The Associated Press US in Afghanistan failure warning BBC News Yeah! Cover the bases and you’re a** . Troops forever to preserve budgets and military industrial complex, war crimes, war profiteering while further bankrupting the nation. Most all honorable military having left the service in protest, retirement, passage of time, the u.s. military is now but a collection of past, current, or future felons and warmongering profiteers and war criminals, without any honor whatsoever.

Corporate Media Distorts Ahmadinejad Speech as Pretexts for Iran Attack Pile Up

RATIONAL MEDVEDEV: ISRAELI ATTACK ON IRAN WOULD BE 'WORST THING THAT CAN BE IMAGINED'...

Zbig Brzezinski: Obama Administration Should Tell Israel U.S. Will Attack Israeli Jets if They Try to Attack Iran The national security adviser for former President Jimmy Carter, Zbigniew Brzezinski, gave an interview to The Daily Beast in which he suggested President Obama should make it clear to Israel that if they attempt to attack Iran’s nuclear weapons sites the U.S. Air Force will stop them.

Kremlin says israel promised not to strike Iran

Gaza: Goldstone’s report…Except for the “usual suspects” (Gideon Levy, Amira Hass and their ilk), the condemnation of the report was unanimous, total and extreme, from Shimon Peres, that advocate of every abomination, down to the last scribbler in the newspapers. Nobody, but nobody, dealt with the subject itself. Nobody examined the detailed conclusions. The instinctive reaction in such a situation is denial. When a human being is faced with a situation which he cannot handle, denial is the first refuge. But with us it has been developed into an art form. But a profound debate on the Goldstone report is going on. Not about its content, But about the one point that is really important: Was our government right in deciding to boycott the commission? Why did the Israeli government boycott the commission? The real answer is quite simple: They knew full well that the commission, any commission, would have to reach the conclusions it did reach. In fact, the commission did not say anything new. Almost all the facts were already known: The bombing of civilian neighborhoods, the use of flechette rounds and white phosphorus against civilian targets, the bombing of mosques and schools, the blocking of rescue parties from reaching the wounded, the killing of fleeing civilians carrying white flags, the use of human shields, and more. The Israeli Army did not allow journalists near the action, but the war was amply documented by the international media in all its details, the entire world saw it in real time on the TV screens. The testimonies are so many and so consistent, that any reasonable person can draw their own conclusions…

Road to peace blocked by israel, says Abbas israel shuts Muslims out of Ibrahimi Mosque

UN body tells Israel to allow N-inspection VIENNA: The UN nuclear assembly voted on Friday to urge Israel to accede to the Non-Proliferation Treaty and place all atomic sites under UN inspections, in a surprise victory for Arab states. The...

Israel bars Muslim worshippers from reaching Al-Aqsa

Iran president says Holocaust “pretext” to form Israel Iranian President Mahmoud Ahmadinejad said Friday the Holocaust was a “lie” and a pretext to create a Jewish state that Iranians had a religious duty to confront.

Israel spurns call for Gaza war probe JERUSALEM: Israel has rejected call for an independent inquiry into its conduct in the Gaza war. UN-appointed investigators who concluded that Israel committed war crimes and crimes against humanity...

‘Israel committed war crimes in Gaza’

Israel defense chief: Iran not an existential threat

Ahmadinejad says Truth in Light of Actual Numbers of Other WW2 Casualties (Polish, Russian, etc.), Holocaust a lie, Israel has no future

‘Israel committed war crimes in Gaza’

Israel defense chief: Iran not an existential threat

BULLISH STANCE IS WEARING THIN John Browne…And the markets just don't get it. Technically, S&P profits are down some 90 percent, but the Index has risen to push P/E ratios to levels not seen since 1929. The financial media's cloying banter about ‘green shoots' is reminiscent of "Baghdad Bob," the comically delusional Iraqi information officer who denied the advances of American forces even as U.S. tanks overran Saddam's headquarters. Some talk of a “jobless recovery.” In the past, such an event could only occur when an asset boom (such as a real estate bubble) provided Americans with non-employment income. Today, there is little prospect of such a boom. Stock markets tend to reflect financial hope. Given today's situation, investors might be wise to prepare themselves for economic reality by investing selectively in more prudent economies abroad.

Bernanke Says Recession Over. Should You Believe Him? Barry Ritholtz | Based on his track record as a forecaster and his acumen in identifying economic problems before they exploded, his views on starts and finishes of recessions are, to be blunt, irrelevant.

“You Have to Learn Lessons from History” Cindy Sheehan | Our “leaders” are out of control and there is no mass movement of Americans who will be able to get out in the streets to stop the homicidal maniacs.

White House Mapping Internet Users’ Data For Mass Archives Obama Pushes For Renewal Of Warrantless Spying On Americans CIA-Linked Intel Center Releases Highly Suspicious Bin Laden Tape Former KGB Colonel: It’s America’s turn to lose in Afghanistan EU observers say 1.5m Afghan votes fraudulent/’suspicious’

BULLISH STANCE IS WEARING THIN John Browne Readers familiar with my views know that I believe that the current stock market rally is a bullish chapter in an otherwise bearish novel. In the spring of this year, I had said I would not be surprised if the Dow were to hit 10,000 by the end of summer. While I was a little too optimistic on that particular forecast, it now looks as if U.S. stock markets are a bit ‘toppy' and a reversal may be in the cards. Seven factors, five tactical and two strategic, cause me to see a change in the wind. Tactically, the employment situation, falling house prices, tight credit, a sliding U.S. dollar and depressed world trade are cause for deep concern. But as these factors could show rapid changes over the short term, I am less inclined to set my investment bearings by these readings. More troubling are the two strategic issues, the continued creation of excessive debt in the United States and the continued growth of consumer spending as the overwhelming driver of U.S. gross domestic product (GDP). In order for a bull market in U.S. stocks to be sustainable, these problems must be brought to heel. However, making a dent in these imbalances would require the sort of political courage that is vanishingly rare in D.C. For the tactical investor, the following portends a coming correction:

Unemployment

Recently, Wall Street cheerleaders seized on the falling rate of unemployment growth as a sign of economic recovery. In July, the official figures showed unemployment increasing by some 216,000. If this were a reflection of reality, it would be a sign of possible improvement. However, the often-ignored figure for employment, as opposed to unemployment, showed some 980,000 less people employed, or 4.5 times more than the unemployment figure! How could these two vitally important totals differ by some 764,000? The short answer is that the government excludes from the unemployment figures all those who have given up hope of finding a job and all those who have settled for part-time jobs. In other words: if you have stopped looking for a job, congratulations, you are no longer unemployed! So much for government statistics. The true level of unemployment has been estimated at 20 million, or double the official figure.

Home Prices

In recent days, reports have emerged to show that home prices have stabilized. Given the dismal fundamentals of the real estate market, we had projected that national home prices would have needed to fall an additional 20 percent from current levels in order to return to the Case-Schiller 100-year trend line. But given the massive and continued Federal involvement in every facet of the home buying process, there is nothing at all ‘fundamental' about home prices today. Absent this intervention, prices would continue to fall. Since the federal treasury does have its limits, the outlook for real estate subsidies, and therefore the entire sector, is still negative.

Tight Credit

Despite reckless federal efforts to boost liquidity, credit remains tight. This reality is the market's own discipline signaling that the fundamentals remain unsound. Meanwhile, the Fed is inhibiting liquidity to shore up the money center banks by, for the first time, paying interest on bank reserves it holds. The banks thus have little incentive to lend to small businesses, the largest job creators, or to individuals. As an aide, this may also be serving to hide the effects of the Fed's currency expansion by slowing the velocity of new cash.

Collapsing Dollar

Meanwhile, for Americans, the plummeting U.S. dollar is forcing up the price of most commodities, despite decreased demand. This stagflation is a dangerous recipe not only because it neuters any attempt at policy manipulation of the market, but because it hits the underemployed and unemployed with rising prices for everyday goods. While some investors fixate on the symptomatic issues above to determine their strategy, we choose to focus on the underlying malady itself. Keeping your eye on these unfortunately static conditions will provide a solid point of reference by which to navigate:

Conspicuous Consumption

The Obama Administration has shown no appetite for allowing consumers to reign in their spending habits. So, consumption still accounts for some 70 percent of American GDP. Where individuals have tried to reduce spending and increase savings, stimulus programs and quantitative easing have overridden their gains. Indeed, President Obama's massive expenditure plans for health and educational entitlements will serve to magnify this crucially damaging strategic imbalance.

Exploding Debt

Finally, contrary to election promises of “change,” the Administration shows no signs of controlling its expenditure and massive debt. Indeed, the ill-advised wars fostered by President Bush in Iraq and Afghanistan continue to drain blood and treasure. This Administration appears set to continue its predecessor's mission of unending debt expansion. Due to our failure to restructure, America is finding it harder and harder to compete globally. Instead of taking our lumps, Washington is lashing out with suicidal measures like this week's Chinese Tire Tariff, an ominous prelude to next week's Pittsburgh G-20 meetings. And the markets just don't get it. Technically, S&P profits are down some 90 percent, but the Index has risen to push P/E ratios to levels not seen since 1929. The financial media's cloying banter about ‘green shoots' is reminiscent of "Baghdad Bob," the comically delusional Iraqi information officer who denied the advances of American forces even as U.S. tanks overran Saddam's headquarters. Some talk of a “jobless recovery.” In the past, such an event could only occur when an asset boom (such as a real estate bubble) provided Americans with non-employment income. Today, there is little prospect of such a boom. Stock markets tend to reflect financial hope. Given today's situation, investors might be wise to prepare themselves for economic reality by investing selectively in more prudent economies abroad.

DRUDGEREPORT: Gold surges close to record high...
Dollar To Fall Further...
WHITE STUDENT BEATEN ON SCHOOL BUS; CROWD OF N****RS CHEER...

‘Israel committed war crimes in Gaza’

Israel defense chief: Iran not an existential threat

Israeli Government Ads Warn Against Marrying Non-Jews

‘Israel committed war crimes in Gaza’

The Obama Deception Barack Obama: The Naked Emperor Shocking but true revelations from David Icke (a must read) | Vast numbers of people across the world, including many who should know better, have been duped by the mind-game called Operation Obama.…. (excerpts) Obama has been the chosen one for a long time, a fact known only to a few in the deep inner circle, and his relationship with Brzezinski almost certainly goes back to the start of the 1980s when he attended the Ivy League, and big-time Illuminati, Columbia University where Brzezinski was head of the Institute for Communist Affairs. Obama simply will not talk in any detail about this period. He has been covertly funded and supported ever since by the Trilateral Commission and its network of foundations connecting into the Ford Foundation, for whom Obama’s mother worked. And a question: Does anyone really believe that someone, a ‘man of the people’, would simply appear from apparently nowhere to run the slickest and best-funded presidential campaign in American history? He was chosen long ago by those who wish to enslave the very people that Obama says he wants to ’set free’. The sources of Obama funding read like a Wall Street Who’s Who - Goldman Sachs, UBS, Citigroup, Credit Suisse, Deutsche Bank, J.P. Morgan Chase, Morgan Stanley, and so on. No wonder he went back on his pledge to accept the limitations of public funding for his campaign and instead took the no-limit option of ‘private’ funding…Then there is the Jewish financier, George Soros, the multi-billionaire associate of Brzezinski and closely involved with the funding and marketing of Obama. Soros is a former board member of the Illuminati’s Council on Foreign Relations and funds the European Council on Foreign Relations. In short, he is a major insider… You can certainly see the Soros/Brzezinski techniques in the Obama ‘revolution’ in the United States. It was the complex and secretive network of Soros foundations and organisations, connected to the intelligence agencies of the US and Israel, that trained and funded students in the Ukraine, Georgia and elsewhere in the art of mass protest and overthrowing governments. These manufactured protests were sold to the world as ‘peoples’ revolutions’, but it just so happened that when they were over and the old regime was removed the new leaders were those waiting in the wings all along - the puppets of Soros, Brzezinski and their associated networks. Obama is just more of the same, a big smile with strings attached, and controlled completely by the Illuminati networks that chose him, trained him, sold him and provided his record funding. It was they who kept his many skeletons under wraps, like the gay sex and crack cocaine allegations of Larry Sinclair (from affidavit: 1. Who is Ron Allen that claims to be with your Presidential camp, who is alleged to claim that someone claiming to represent me called asking for $100,000, to keep me from coming forward about our (Obama and I) November 1999 encounter of sex and cocaine use?…), and they will continue to do so as long as he jumps to their bidding. Obama is just another Banksters’ moll prostituting himself for fame and power, and that’s why he supported the grotesque bail-out of the banking system and why he will always put their interests before the people. His financial advisors are straight from the Wall Street ‘A’ list, including Paul Adolph Volker (Trilateral Commission, Council on Foreign Relations, Bilderberg Group), the head of the Federal Reserve from 1979 to 1987 and Illuminati to his fingertips. Obama has made him head of the Economic Recovery Advisory Board, which is dominated by insiders, including its staff director and chief economist, Austan Goolsbee, a close Obama associate from the University of Chicago. Goolsbee is an initiate of the infamous Illuminati Skull and Bones Society at Yale University, which also includes Boy and Father Bush. It was Goolsbee who told the Canadian government not to worry about Obama’s attacks on the economic effects of ‘free trade’ agreements because his words were just to win votes in the election campaign. Another Wall Street insider, the Zionist Timothy Geithner (Bilderberg Group, Trilateral Commission, Council on Foreign Relations), was appointed by Obama to be his Treasury Secretary. Geithner was the President of the New York Federal Reserve Bank, the most powerful in the private ‘Federal’ Reserve cartel that masquerades as America’s ‘central bank’, and he is a former employee of both the Council on Foreign Relations and the appalling Kissinger Associates. Obama’s Treasury team locks into the inner circle around the Zionist Robert Rubin, the Director and Senior Counselor of Citigroup, co-chairman of the Council on Foreign Relations, and economic advisor to Obama. Rubin, a member of the Illuminati Bilderberg Group, was the man behind Citigroup’s strategy of expanding its risk in debt markets which forced it to be rescued by taxpayers’ money. The very people who caused the financial crisis are being appointed by Obama to decide how to respond to it (more taxpayers’ money for them and their friends)…

TIME TO GET REAL ABOUT WOBAMA! 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!

Putin rationally warns against Iran attack BBC | Russian PM Vladimir Putin has warned against military action targeting Iran or imposing new sanctions to curb its nuclear program.

Taliban hold sway over in 97% of Afghanistan because murderous american/israeli alternative is always far worse n

The New Internationally Destructive israel Lobby OUT OF THE MAINSTREAM At work in J Street's offices in Washington, from left: Isaac Luria, campaigns director; Rachel Lerner; Daniel Kohl; Jeremy Ben-Ami…

Iran: israeli/neocon War Drums Begin Beating fast and furious again in Washington

Turki for tough stance on Israel ALKHOBAR: Prince Turki Al-Faisal, former ambassador to the United States and the United Kingdom, in an Op-Ed piece that appeared in Sunday’s New York Times, called on Israel to return Arab lands if...

Israel digging tunnel near Al-Aqsa Mosque

Israel and U.S. jointly target Sweden in propaganda blitzkrieg After the Swedish newspaper Aftonbladet published an expose of the Israeli Defense Forces harvesting the organs from young Palestinians killed by its forces in the West Bank, Israel’s propaganda machine, which has its tentacles in the world’s largest media companies and the Pentagon, went to work on demonizing Sweden.

Netanyahu draws fire in Israel over secret trip Prime Minister Benjamin Netanyahu drew the wrath of Israel’s most influential newspapers on Thursday over what they described as lies issued by his office about a secret flight to Russia.

Iran offers new proposals Afghanistan: Back Door to War on Iran

Over half of Gaza war dead civilians Israeli settlers attack Palestinian village (AFP) Israeli settlement plans violate international law: Ban (AFP)

16 REASONS FOR EQUITIES MARKETS TO FALL SOON David White

1. The equities markets have had a huge run up of over 50%. They are overbought. At approximately 18x 2009 Earnings, they are priced far above fair value. At the beginning of March 2009, they were price at only 11x 2009 Earnings. According to Art Cashin and others, fair value for the S&P500 is at about 850 to 880. At approximately 1020, the S&P500 is far from there.

2. The Insider Selling/Insider Buying ratio is 30.6. This is the highest that ratio has been since it has been tracked (2004). Those corporate officers probably know something.

3. Retail Sales are still decreasing. They were down about 4.4% for Aug. year over year according to Redbook. The much anticipated back to school season has been a bust so far. Even the Cash for Clunkers program, which gave automakers a shot in the arm, disappointed analysts. Plus it likely robbed future auto sales to record better numbers now. The national rate of auto loans that were 60 days past due was up 7.35 percent for the Quarter ended in June. That doesn’t sound like a lot of people are going to be able to afford to buy new cars soon.

4. The latest Factory Orders figures were a disappointing +1.3% vs. an expected +2.3%. July Factory Orders excluding transportation were a negative -0.7%.

5. Unemployment continues to grow. Last week’s announcement put it at 9.7%. With unemployment still rising, it is unlikely retail sales will improve soon. The lack of consumer buying may also help unemployment continue to grow.

6. Although a high percentage of companies beat earnings estimates for Q2, actual earnings were still down approximately -30% for the S&P500 stocks. Earnings predictions for the S&P500 for Q3 are still negative (approximately -20%). Much of this negativity is in the energy and the materials sectors. Q3 is likely the last high oil/commodity price quarter from last year. Future quarters should yield better results in these two areas. Still, most of the improvements to earnings this year have come through greater efficiencies. Very few companies have shown any revenue growth this year. That seems unlikely to change soon with still growing unemployment figures (and anemic retail sales). Companies will need to show revenue growth in order for the economy to really recover.

7. The “Flu Season” has started. Swine Flu is rampant in the UK. With respect to business, 72 percent of employers in the UK reported absenteeism due to Swine Flu. 38% of employers in the UK anticipated sales would be hit (Reuters). It is starting to take hold in the US. A presidential panel estimated that Swine Flu could infect 50% of the US population this fall and winter (Washington Post). This could cause 1.8M hospitalizations and as many as 90,000 deaths. I am not sure anyone would want to discount the negative effect this is likely to have on the US economy. This is a worldwide problem. The “real pandemic” is just beginning to take hold. It will have serious negative economic effects. One only has to think of the airline, cruise line, restaurant businesses, etc. to realize how true this is.

8. Inflation is starting to rear its ugly head. The ISM August Non-Manufacturing Prices Index rose to 63.1 from July's 41.3. The August ISM manufacturing data Prices index rose to 65 in Aug. from 55 in July. This looks like huge inflation. Fed Governor Hoenig was recently cited as worrying about inflation. He said that the Fed should not leave interest rates too low for too long. The fact that the Fed’s thinking is leaning this way is very bad news for businesses and for the real estate market. Hence it is bad news for the equities markets.

9. Both the residential real estate and the commercial real estate markets are still a problem. Residential real estate has shown some gains recently. Still, these gains are precarious. If inflation rears its ugly head soon, the increased interest rates could cause another downturn in residential real estate (i.e. make it effectively much more expensive). Commercial real estate seems to be worsening if anything. In fact, commercial loans are "going to be a bigger driver of bank failures towards the end of this year into next year," said Sheila Bair (FDIC).

10. We have had about 89 bank failures so far this year. Kanas predicts 1000 banks will fail in the next 2 years. If that happens, we have a lot of pain to come.

11. Wegelin & Co., Switzerland's oldest bank, is telling wealthy clients to sell their U.S. assets. Other Swiss banks may follow suit. Swiss banks account for 27% of the world's privately held offshore wealth (about $2T). If they sell all their US assets, US bonds and stocks will be hurt.

12. Consumer Sentiment in August was down to 65.7 vs. 66.0 in July. The Consumer Sentiment Current Index was worse. The August figure was only 66.6 vs. July’s 70.5.

13. The Fed is gradually ending stimulatory measures. The Fed is withdrawing money from the money supply after stuffing money in during the prior year. M2 has shrunk at a 3% pace since mid June, while MZM, the St. Louis Fed's measure of liquid money, is down by 2% over the same period. The Fed’s $300B Treasury buying program is set to end in October.

14. Prechter has called a bottom on the USD. He says that the only 3% bullish sentiment is a clear sign of a bottom. The charts seem to bear out that the USD is trying to bottom. If the USD starts going up, it likely will cause the US equities markets to go down.

15. Commodity prices have generally been going up since March. This will cut into businesses margins. This will make them less profitable, not more. It will be hard to raise prices of finished products appreciably in the current economic environment.

16. The charts are indicating a topping pattern. In fact we could be seeing another try at the famous head and shoulders pattern that failed a few weeks ago. It may not fail this time. The decreasing volume as the equities market rose is a strong indicator that the up trend is weakening. It may be in the first phases of a fairly strong reversal.

Swiss topple U.S. as most competitive economy: WEF

UN Calls For Bank Of The World, New Global Currency The United Nations has called for the establishment of a new global reserve currency to be overseen by a bank of the world in an effort to reduce the role of the ever more worthless Weimar us dollar in international trade.

Gold May Advance Toward $1,000 as Weakening Dollar Spurs Demand

Krugman: Most Economists, Including Nobel-Prize Winners, Are Idiots or Fools

Russia oil production overtakes Saudi Arabia

The Alex Jones Show: Charlie Sheen Requests Meeting with Obama Over 9/11 Cover-Up “Challenge Me On The Facts” – How Charlie Sheen Energized The 9/11 Truth Movement Charlie Sheen: Now is the Time to Demand the Truth Charlie Sheen Requests Meeting With Obama Over 9/11 Cover-Up Twenty Minutes with the President The Awful Truth The Media Hides: Highly Credible People Question 9/11

Krauthammer: How wobama lost his magic...

The Widening Gap In America’s Two Tiered Society Wall Street Cashes In On Death Barack Obama accused of making ‘Depression’ mistakes Telegraph | His policies even have the potential to consign the US to a similar fate as Argentina, which suffered a painful and humiliating slide from first to Third World status last century.

Lawmakers seek survival in unpopular, incompetent, and typically corrupt-american-style congress...

U.S. Hypocrisy Astonishes the World Paul Craig Roberts | Americans have lost their ability for introspection, thereby revealing their astounding hypocrisy to the world.

Animal House in Afghanistan

DRUDGEREPORT:Obama to seal US-UN relationship; First American president to chair Security Council...
UN wants new global currency to replace dollar...
NYC/NJ/CA, etc. american Building Inspectors caught on tape taking bribes, dealing drugs...
China alarmed by US money printing...
Switzerland topples America as most competitive economy...
Weakening...
Obama Asks Senate To Increase Debt Ceiling...

Obama space panel says faked moon landing return plan is a no go...

Zogby: Obama Approval Plummets to 42 Percent Newsmax | President Barack Obama’s job approval rating is down to 42%, with a decline in approval from Democrats the leading factor. SLIP SLIDING AWAY: OBAMA APPROVAL AT NEW LOW 45%... Obama is fast losing white voters’ support Where is the Anti-War Movement in the Age of Obama?

Critics march against socialist dictator chavez across Latin America...

Charity: US troops stormed through Afghan hospital (AP) Police: Car bomb in west Iraq kills 7, wounds 10 (AP) Ahmadinejad: Iran ready for nuclear talks (AP)

Israel OK for new settler homes outrages Palestinians (AFP) U.S., Israel on collision course over settlements (Reuters) Chavez tells Israelis to disobey 'genocidal' govt (AP) Israel plans new houses before settlement freeze Israel OKs WB houses

Sweden's rational foreign minister cancels war criminal nation israel visit (AP)

SHOWDOWN: WHITE HOUSE ATTACKS ISRAEL OVER WEST BANK SETTLEMENTS...

NATO commander tries to pacify Afghan anger

Karzai wins tainted poll Peter Graff I Reuters KABUL: Afghan election returns on Tuesday put incumbent Hamid Karzai on course for a first-round victory, but a UN-backed watchdog said it had “clear and convincing evidence of fraud american-style” and...

DRUDGEREPORT: JOBLESS RATE HITS 9.7%...
Teen rate at 25.5%; Highest level since records kept...
Families turn to food stamps as wages drop...

Editorial: Mideast peace It was not just among Americans that Barack Obama raised great expectations when he won last year’s US presidential elections. In this part of the world, people believed that he would solve the Palestinian holocaust at the hands of war criminal Israelis and global war crimes by u.s. but joker obama has become joker war criminal bush term 3.

Israelis kill Palestinian teenager in WB

POLL: 57% Would Vote to Replace Entire Congress...

Fake Dutch 'moon rock' revealed A treasured piece at the Dutch national museum - a supposed moon rock from the first manned lunar landing - is nothing more than petrified wood, ...BBC News BBC NEWS | Europe | Fake Dutch 'moon rock' revealed Prized moon rock a fake - A PIECE of moon rock given to an overseas politician by the United States is actually a lump of petrified wood, museum authorities revealed yesterday. ... 'Moon Rock' in Dutch Museum Is Just Petrified Wood Aug 27, 2009 ... Fake moon rock at Dutch national museum. Rijksmuseum / AP. This rock, supposedly brought back from the moon by American astronauts, ... http://www.albertpeia.com/moonfraud.htm

In reality it is just a piece of petrified wood ... Another piece of evidence that shows again that Apollo program is indeed a fake and a fraud

SOBERING STAT: ARMS INDEX INDICATES MARKET IS AT PEAK, NOT BOTTOM….Brett Steenbarger…What I can tell you with certainty is that two of the past historical occasions in which we've had 20-day price highs and ultra low median 20-day TRIN readings have been March 2000 and late May/early June, 2007. Both corresponded more or less to bull market peaks. The ultra low TRIN seemed to capture frothiness in those markets: lots of volume going into a few speculative, rising issues. Might we be seeing the same thing with the recent pops in such low priced stocks as AIG (AIG), Citigroup (C), Fannie Mae (FNM), Freddie Mac (FRE), CIT (CIT), and Bof A (BAC)? I note that about 2 billion of NYSE volume was concentrated in C, FNM, and FRE alone. Seems like lots of money chasing low-priced volatile financial stocks. Just like lots of money chasing volatile tech stocks or emerging market stocks. Not something you'd see at market bottoms. A bit of a sentiment caveat for this market shrink…

SEEKING ALPHA…Larry MacDonald…Correction…

From TrimTabs Investment Research:

1. selling by U.S. corporate insiders in August surged to $6.1 billion, highest amount since May 2008; the ratio of insider selling to insider buying hit 30.6, the highest level since TrimTabs began tracking the data in 2004

2. rally supported by short covering — short interest on NYSE stocks plummeted by 10.3% in the second half of July

From David Rosenberg of Gluskin Sheff:

1. signs of buyer fatigue appear to be emerging as signaled by the stock market’s lukewarm reception to recent good news (increases in house prices/sales, durable orders, and consumer confidence)

2. 50% gain in the S&P 500 since March has market trading at 130 times trailing (reported) earnings

3. Investors Intelligence survey shows 51.6% respondents in the bullish camp with just 19.8% in the bear camp — market sentiment hasn’t been this “smug” since the autumn of 2007 (right before the fall)

4. weakest periods of the year, September and October, just around the corner

5. car purchases to retrench in U.S. following end to cash-for-clunkers program

DRUDGEREPORT: RASMUSSEN POLL: Obama Approval New Low at 46%...
Obama ends frenetic vacation... Tortuous September...

Obama aides see need for more troops in Afghanistan... White House blames Bush for Afghan woes which is preposterous since obama foolishly bought into this war- there are many things joker bush should be accountable for but this is all joker obama...

Stocks Decline From Shanghai to New York as China Index Enters Bear Market...

AFL-CIO, Dems push new Wall Street tax...…The AFL-CIO, one of the Democratic Party’s most powerful allies, would like to assess a small tax — about a tenth of a percent — on every stock transaction…CLEARLY AN ALBEIT TINY STEP IN THE RIGHT DIRECTION TO DISCOURAGE THE CHURN-AND-EARN PROGRAMMED TRADES!…

Israeli planes hit Gaza building Israeli air raid on Gaza Strip (AFP) Israeli ex-PM Olmert indicted for graft: prosecutor (AFP)

Ganging up on Iran Linda Heard | US President Barack Obama is beginning to get a reputation for never failing to disappoint. People everywhere shared so many high hopes for the man who promised “change”, but after seven months into his now failed presidency, he’s just the joker

Coalition strategy in Afghanistan failing, admits US

Why Not Crippling Sanctions for israel and the u.s., war criminal, war profiteering nations they are? In israel, a country stolen from the Palestinians, fanatics control the government. One of the fanatics is the prime minister, benjamin netanayahuu.

DRUDGEREPORT: BILL WOULD GIVE OBAMA 'EMERGENCY' CONTROL OF INTERNET WHICH WOULD BE CRAZY IN LIGHT OF HIS BREACHES OF TRUST
'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...

CBS Correspondent Seriously Wounded...
SENATOR: 'We're almost reaching a revolution in this country'...

PAPER: Chairman of tax-writing committee failed to report millions...
Rangel Hides Income and Assets...

Weak dollar pushing energy prices higher...
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...

Stossel: Every Obama Critic Called a Racist...

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

Mounting joblessness fuels housing crisis...

GALLUP: OBAMA HITS NEW LOW...

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

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.

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...

Stossel: Every Obama Critic Called a Racist...

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

Mounting joblessness fuels housing crisis...

GALLUP: OBAMA HITS NEW LOW...

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%...

Mounting joblessness fuels housing crisis...

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'

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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…

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`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." …

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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

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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

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Crossings’ closure to hit Palestinians

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

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Israeli govt to grab more land

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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.

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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.

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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.

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Report: US dollars funding Israeli settlements

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`'Have the ability to create cartoons on the spot'...`
`UPDATE: Senator quashes department's bid for cartoonist...`

CRONKITE DIES
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Occupiers/jewish terrorists vow to burn down Hebron

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CIA death squads ‘copied Mosssad’

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Growing trade partner in Latin America...
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Brain-damaged/ Lobotomized biden, israel and Iran

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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’

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`NY City Apartment Sales Down Over 50%...`
`American soldier captured in Afghanistan...`
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`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:

11-20-09
Senator: High-Income Tax May Be Needed for Afghan War Cost... Germany warns US on market bubbles; Echoes China's fears... Unemployment Rose in 29 States Last Month; Michigan Rate Highest at 15.1%... Gold’s ‘Money’ Value is $4,000 to $11,000: Market Strategist Gold Market Breakdown Jim Willie | Accusation that the Clinton administration replaced perhaps the entire contents of Fort Knox gold with tungsten bars plated with gold.

US concerned about definition of aggression as international crime CIA Secret ‘Torture’ Prison Found at Fancy Horseback Riding Academy Fed Sicks Attack Dogs On Ron Paul After Audit Amendment Passes

Rush Limbaugh Censors Mention Of Prison Planet From His Own Archives Olbermann, Huffington Suggest “Teabaggers” Should Be Censored Kurt Nimmo | In order to stop the Tea Party and patriot movements, millions of Americans need to be demonized as violent and racist. Gold Market Breakdown Jim Willie | Accusation that the Clinton administration replaced perhaps the entire contents of Fort Knox gold with tungsten bars plated with gold.

11-19-09

Top Eurobank prepares for 'global economic collapse'... Geithner Savaged On Unemployment During Fiery Capitol Hill Hearing Paul Joseph Watson | Burgess tells former New York Fed chief, “You should never have been hired” as Brady calls on Treasury Secretary to resign over Obama’s 7 million jobs deficit. Congressman Michael Burgess scalded Treasury Secretary Tim Geithner during a fiery hearing on Capitol Hill this morning, telling the former New York Fed chief that he should never have been hired and demanding that the TARP program come to an abrupt end, shortly after GOP Rep. Kevin Brady had called on Geithner to resign. Geithner Sees “Economic Improvement” As Mortgage Delinquencies Hit All Time High Catherine Austin Fitts on Alex Jones TV Infowars | Catherine Austin Fitts talks about the hijacking of the economy by the banker cartel and Wall Street on the Alex Jones Show. Economists Opposing Fed Audit Have Undisclosed Fed Ties Americans Deserve a Transparent Fed Société Générale tells clients how to prepare for ‘global collapse’ Société Générale has advised clients to be ready for a “global economic collapse” over the next two years, mapping a strategy of defensive investments to avoid wealth destruction.

The Day the Dollar Died John Galt | Despite popular belief and promises from those who wish to rob you of your savings and investments, the collapse of the dollar might just be an event measured in hours, not days as their control is not what it seems. Calls rise for new global currency Is $6,300 fair value for gold?

Obama names Bush’s former spokeperson to Broadcast board Sounds like change you can’t believe in.

With Hurricanes At Thirty Year Low, Gore Turns To Photoshop Paul Joseph Watson | The King of cap and trade simply airbrushes them in to his new book to create a more scary earth. My boy’s agonising death after virus vaccination FDA openly allows criminally-convicted doctors, researchers to keep working on pharmaceuticals and clinical trials

11-18-09

Bank of America, UBS, JPMorgan Sued Over Derivatives Gold Hits Record as Dollar Drops Even after Madoff, investor scams abound, particularly on wall street where they feel impervious to prosecution

obama’s all things to all peple: Too much debt could fuel double-dip depression as he increases war and other spending simultaneously Reuters | With the U.S. unemployment rate at 10.2 percent, Obama says his administration faces a balance of trying to boost the economy and spur job creation while putting the economy on a path toward long-term deficit reduction. Obama popularity below 50 percent for first time: poll President Barack Obama’s job approval rating has dipped below 50 percent nationally for the first time, as Americans worry about the war in Afghanistan, a new poll released Wednesday found. Gen. Wesley Clark calls for exit from Afghanistan Retired Gen. Wesley Clark — the onetime Democratic candidate for president — told Congress Tuesday in little-reported remarks that the United States should begin planning for an exit from Afghanistan. Poll: Majority in US now see Afghan war as not worth fighting

DRUDGEREPORT: `Obama 'furious' about Afghanistan leaks...` Obama warns on public debt pile... `Obama: Too much debt could fuel double-dip recession...` `12,031,299,186,290.07...`

CNN Propaganda Segment on Oath Keepers Demonizes Fall of the Republic ADL Calls Alex Jones “Conspiracy King,” Insinuates He Should be Removed from Society

11-17-09
The worst is yet to come: Unemployed Americans should hunker down for more job losses Nouriel Roubini | Conditions in the U.S. labor markets are awful and worsening. Jobs ‘Saved or Created’ in Congressional Districts That Don’t Exist Buy gold, not miners: Jim Rogers

What investing map looks like without U.S. Stock markets outside the United States are recuperating much faster from the bear’s mauling.

`Roubini: 'The worst is yet to come'...` New Derivatives Legislation “Was Probably Written by JPMorgan and Goldman Sachs” Washington’s Blog | New derivatives legislation is so bad that it probably increases — rather than decreases — the risk to the financial system.

Former Vice President of Dallas Fed: Tarp Didn’t Restore Health of Banking System Newsweek has a one year retrospective on the Tarp bailouts which contains the following important quotes.

11-16-09

`Roubini: 'The worst is yet to come'...` New Derivatives Legislation “Was Probably Written by JPMorgan and Goldman Sachs” Washington’s Blog | New derivatives legislation is so bad that it probably increases — rather than decreases — the risk to the financial system. South African gold on final deathwatch Mineweb | South Africa’s Witwatersrand goldfields are around 95% exhausted and production rates should fall permanently below 100 tons a year within the coming decade. Dollar falls, sending gold to record high AFP | As the dollar dropped against the euro and yen, gold struck an all-time peak of 1,133.20 dollars an ounce. Tiny Mauritius Tells US To Shove Its Dollar, Buys 2 Metric Tons Of Gold From IMF At $1,115 An Ounce `China questions costs of U.S. healthcare reform...` A Very Busy Day For The Dollar Plunge Enforcement Team China is giddy that its $2.3 trillion in dollar denominated assets are worth another $10 billion less just today.

Former Vice President of Dallas Fed: Tarp Didn’t Restore Health of Banking System Newsweek has a one year retrospective on the Tarp bailouts which contains the following important quotes.

Equity fund boss: Unemployment at 20%, not 10% Bloomberg | Leo Hindery is managing director of InterMedia Partners LP. `Dollar decline continues as trade deficit widens...`

Illegal Alien Amnesty Thugs Attack Tea Party Protesters in Ft. Lauderdale Kurt Nimmo | The violence is a result of the incendiary comments of Chris Matthews, the SPLC, ADL, and others in the corporate media. Dobbs Was Forced Out Say Sources, CNN Insiders Steve Watson | Huge severance package was part of deal offered by higher ups who “wanted him out.” Obama Plays the al-Qaeda Card in Shanghai Kurt Nimmo | The Taliban and al-Qaeda are being used to push for an escalation in Pakistan and Afghanistan.

Obama Performs Another Botched Bow; Proving He Is Just Their Servant Infowars

China and US spar over currencies ahead of Obama visit The United States and China sparred over exchange rates at a meeting of Asia Pacific leaders today, pointing to tricky talks ahead for President Barack Obama when he flies to China to address economic tensions.

11-13-09

Gerald Celente — American public losing everything to fascist oligarchs Dprogram | US economy is no longer capitalism, it’s oligarchies and fascism. Trade Deficit in U.S. Increases by Most Since 1999 The trade deficit in the U.S. widened in September by the most in a decade, reflecting rising demand for imported oil and automobiles as the economy rebounded from the worst recession since the 1930s. Chart of the Day: The Dow priced in gold Gold’s recent behavior strikes me as similar to oil circa July ‘08. With it leaping to another new high today — $1,119 — I thought I’d offer the following chart for reader comments. 22 Percent of Florida Mortgages Non-Current A staggering 22 percent of all mortgages in the state of Florida are non-current, according to a new report from Lender Processing Services. `Dollar decline continues as trade deficit widens... Treasury Confident Congress Will Increase $12.1 Trillion Debt Ceiling... Regulators shut 2 Fla. banks; 122 failures in '09... Trade Deficit Jumps Most in a Decade on Demand for Imported Cars, Oil...` Bair calls U.S. bank bailout "not a good thing" (Reuters) Ron Paul: Bill To Audit Fed Would Pass Tomorrow If It Was Given The Opportunity Immortal Technique on Obama, 9/11 Truth & Corporate America Infowars | In an exclusive interview with RT’s Marina Portnaya he says america’s bad decisions are covered up with lame excuses/propaganda. World gold supply running out Telegraph | Total mine supply has dropped by 10pc as ore quality erodes, implying that the roaring bull market of the last eight years may have further to run.

Myths of Our Time Paul Craig Roberts The United States needs to be censured/held accountable for its illegal/fraudulent/immoral behavior, and not have such behavior rationalized as being in its material interests.

ADL and Holder Team Up to Fight “Hate Crimes” On October 17, Obama’s attorney general, Eric Holder, attended an Anti-Defamation League’s American Heritage Dinner. French Woman Gets Crippling Illness After H1N1 Vaccine Paul Joseph Watson | Another case of Guillain-Barre Syndrome before mass vaccination program has even begun. Boehner: 9/11 Show Trial an “Irresponsible Decision” Kurt Nimmo KSM and his band of fellow cave-dwellers were long ago convicted by the neocons and the government.

11-12-09

`Mortgage applications drop to lowest level in 9 years...` `In One Town, Nearly Half Of Residents Out Of Work...` "Running Out of Dollars": Obama Wants Jobs But Options Are Limited, Politico's Gordon Says Barney Frank vows to “wall off” Fed from monetary scrutiny, warns Bernanke to brace for audit Aaron Dykes | House Financial Chairman Barney Frank has met in private with Ben Bernanke to brace for the overwhelming popular demand to audit the private Federal Reserve, voiced in Rep. Ron Paul’s H.R. 1207 bill, now with some 300 co-sponsors. Goldman’s Global Oil Scam Passes the 50 Madoff Mark Phil’s Stock World | Maybe when they are charging you $80 a gallon for water and ten cents a breath you’ll want to do something about it. Military Spending is INCREASING Unemployment and REDUCING Economic Growth Bernanke Lobbying Hard for Status Quo Federal Reserve In today’s New York Times, reason enough for increased scrutiny of the Federal Reserve’s practices is illustrated. Barrick shuts hedge book as world gold supply runs out Global gold production is in terminal decline despite record prices and Herculean efforts by mining companies to discover fresh sources of ore in remote spots, according to the world’s top producer Barrick Gold.

Peter Costa: “The US Government Will Be Totally Bankrupt In A Year And A Half” Zero Hedge | Not much optimism from one of CNBC’s favorite bulls.

Chuck Norris: Copenhagen Talks To Forge “One World Order” Steve Watson | Says transfer of wealth will lower living standards while lining elitist pockets.

ADL and Holder Team Up to Fight “Hate Crimes” Kurt Nimmo | The “hate bill” will be used to go after individuals and organizations the Anti-Defamation League has targeted for elimination. Thought Police Drive Lou Dobbs Off CNN

The foundation liberals have finally done it. They have managed to get Lou Dobbs removed from CNN. On November 11, Dobbs announced his resignation, effective immediately. Liberals refuse to admit Obama’s policies look a lot like Bush’s During last year’s Republican National Convention, South Carolina GOP leaders were regularly calling in to talk radio station WTMA to provide event coverage.

DRUDGEREPORT: TEXAS GOV. SAYS USA HEADING TOWARD SOCIALISM
`World gold supply 'runs out'...`
`Hits record high above $1,123...Mortgage applications drop to lowest level in 9 years... In One Town, Nearly Half Of Residents Out Of Work...`

11-11-09

Gold Sets Records as Dollar Declines, Spurring Demand for Metal Bloomberg | Gold rose for an eighth straight session in New York, the longest rally since early 2006. S&P 500 Climbs to 13-Month High as Commodities Rally on China Bloomberg | Gold jumped to a record. Perfect Inverse Correlation Between the Dollar and the Dow Karl Denninger – who is always worth reading – shares 2 stunning charts which show the inverse correlation between the dollar and the Dow.

Peter Costa: “The US Government Will Be Totally Bankrupt In A Year And A Half” Zero Hedge | Not much optimism from one of CNBC’s favorite bulls.

11-10-09

Peter Costa: “The US Government Will Be Totally Bankrupt In A Year And A Half” Zero Hedge | Not much optimism from one of CNBC’s favorite bulls. Soros Calls for World Currency and “New World Architecture” C. Marlon Richardson | Soros calls for the Security Council, currently led by President Barack Obama, in direct violation of the U.S, Constitution, to serve as the overseeing enforcement body for a new financial system. Dow and gold hit the heights Financial Times | US blue-chip stocks hit a new high for the year. Gold price hits record high as dollar wanes AFP | Gold prices hit a record above 1,100 dollars on Monday with the dollar weakening after a pledge by G20 countries to keep economic recovery pumped up with easy money.

The Fed’s Lame Defense of Too Big To Fail Unemployment to dog US economy for years: Fed official US unemployment, now in the double digits, may remain “high” for several years and dampen economy recovery from a brutal recession, a regional central bank official warned Tuesday.

Nobel Peace Laureate Obama Will Send 40K More Troops To War Nobel Peace Prize winner Barack Obama has decided to send close to 40,000 more troops into Afghanistan over the course of 2010, according to insiders.

Justice Dept. Demands News Site Server Logs Declan McCullagh reports for CBS News that the Department of Justice sent a formal request to Indymedia ordering it to provide details of all reader visits on a certain day.

`Justice Dept. Asked For News Site's Visitor Lists...`

Brit state to spy on every phone call, email and web search Telegraph | They will not require the permission of a judge or a magistrate to obtain the information, but simply the authorisation of a senior police officer or the equivalent of a deputy head of department at a local authority.

11-9-09

Gold price hits record high as dollar wanes U.S. Joblessness May Reach 13 Percent, Rosenberg Says The U.S. unemployment rate may rise to a post-World War II high of 13 percent in the aftermath of the recession, said David Rosenberg, chief economist at Gluskin Sheff & Associates Inc. in Toronto. Why I Voted NO Dennis Kucinich | This health care bill continues the redistribution of wealth to Wall Street. Ron Paul: Health Care Bill Could Kill The Dollar Paul Joseph Watson | Universal health care will not be free – it will devastate the economy, warns Congressman. CNBC – Dollar Will be Utterly Destroyed, Global Currency, New World Order “If the global currency crisis unfolds, then inevitably you get an alignment of a global world government. A new global currency and a new world order, so we may be moving towards that,” he said.

`Paterson: New York State Will Be Broke Before Christmas...`

11-6-09

10% Unemployment Shows Objective Failure of Obama Stimulus The Heritage Foundation | If this recovery is going to include job growth along with GDP growth, then job killing initiatives like Obamacare and cap and trade will have to be abandoned. Flashback: Bernanke on Unemployment: ‘we don’t think it will get to 10 percent’ Mac Slavo | Given what we’ve been told so far, is it prudent to put our trust into the very officials who have gotten us to where we are today?

Personal bankruptcies surge 9% Freddie Mac posts $5 billion loss (Reuters) U.S. regulators close Gateway Bank, Prosperan Bank (Reuters) U.S. closes Home Federal Savings in Detroit (Reuters) U.S. stock market caught by discord about recovery another weeek of rough sailing awaits investors.... California bank failure to cost FDIC $1.4 billion San Francisco-based United Commercial Bank, which received federal bailout funds in 2008, and four ther…

Everything About Nidal Malik Hasan Screams “Patsy” Paul Joseph Watson | Killer’s pre-rampage behavior is completely at odds with the idea of him preparing to massacre more than a dozen of his colleagues.

Fort Hood Shooter Information Not Adding Up Corruption American Style | This tragedy reaks of a clandestine intelligence operation. The media had originally reported that witnesses had seen between 3 and 5 gunmen. Then that number went to 3, with Hasan being wounded and taken in to custody, and two other suspects allegedly being taken into custody and later released after being “cleared” and jumping into a Crown Victoria with US Government license plates on it (and men in suits inside). Now we are even being told that Hasan was yelling “Allahu Akbar” or (Allah is good) while he was gunning down victims. Hours ago witnesses remarked how methodical and stoic the accused gunman was.

11-5-09

Deficits Funded With Monetization And Hyperinflation Almost all the excessive hedge fund de-leveraging is over. Banks have continued to hold 40 to 1 leveraged positions, because they cannot exit them without a major economic recovery without going bankrupt. Four Reasons Hyperinflation Hasn’t Hit the US… Yet Everything we know about classic economic theory suggests the US economy should be experiencing Zimbabwe-like hyperinflation right now, thanks to the nearly $2.2 trillion the US Federal Reserve has pumped into the system.

11-4-09

Gold Spells Trouble for Greenback: Charts The value of gold and silver are on the rise, but this spells trouble for the declining dollar index which could push as low as 66 points, according to Chris Zwermann, strategist from Zwermann Financial. Conservatives’ Blind Support of Our Troops and Their Unintended Defense of the Big Lie Kevin Copenhagen | It’s not OK that we went into Iraq and killled over 1.3 million innocent civilians. Al Gore Admits CO2 Does Not Cause Majority Of Global Warming Paul Joseph Watson | Startling concession devastates legitimacy of carbon tax, cap and trade agenda. LBJ On JFK Assassination: ‘It’s All A Conspiracy’ Recently declassified testimony by Brigadier General Godfrey McHugh, President Kennedy’s military aide for his fateful Dallas trip in November 1963, reveals how Lyndon Baines Johnson thought the assassination of JFK was part of a wider conspiracy in the very hours after the event. Italian court convicts 23 Americans of kidnapping in CIA rendition case Twenty three Americans have been convicted in absentia, after an Italian court found them guilty of kidnapping in the CIA rendition of a Muslim cleric, the Associated Press reports. Karzai’s re-election ‘not legitimate’ Hamid Karzai’s main electoral rival has condemned election officials’ decision to declare him president, saying Karzai’s re-election lacks ‘legitimacy’. Editorials: Obama’s woes 05 November 2009IS it all going sour for Barack Obama? This was the president who a year ago seemed to have everything — a strong electoral mandate for change, a majority in both houses of Congress and a clear…

Al Gore Set To Become First “Carbon Billionaire” Paul Joseph Watson | CO2 tax agenda front man lining his pockets on the back of global warming fearmongering. The New York Times has lifted the lid on how Al Gore stands to benefit to the tune of billions of dollars if the carbon tax proposals he is pushing come to fruition in the United States, while documenting how he has already lined his pockets on the back of exaggerated fearmongering about global warming. Good Banks Fed Toxic Waste And Turned Into Zombies Bob Chapman | We see hyperinflation followed by decline and flat lining for some years to come. McChrystal Doesn’t Get It — Does Obama? Scott Ritter | There is a curious phenomenon taking place in the american media at the moment: the lionization of Gen. Stanley McChrystal, the American military commander in Afghanistan, despite the budget-busting debacle there for the sake of inside drug/heroin profits. Here Comes Stimulus 2.0 Zero Hedge | Another multi-trillion Treasury sinkhole is on the way. Largest Banks Reported Funding Production Of Internationally Banned Weapons Reuters | The top five loan providers were Bank of America, Citigroup , JP Morgan, Barclays and Goldman Sachs. Pakistani-Pashtuns Say Blackwater USA (Xe Services) Responsible for Peshawar Bomb Xinhua | The Chief of Pakistani-Pashtun Movement in Pakistan says Blackwater and Pakistani agencies are involved in attacks in public places. Occupiers involved in drug trade: Afghan minister Press TV | NATO forces are taxing the production of opium in the regions under their control.

1,600 names suggested daily for terror list Washington Post | During a 12-month period ended in March this year, the U.S. intelligence community suggested on a daily basis that 1,600 people qualified for the list because they presented a “reasonable suspicion.”

DRUDGEREPORT: REPUBLICAN TAKES VA BY 18%...
REPUBLICAN TAKES NJ BY 5%...
Dem Wins New York House Race...
ABCNEWS: Vast Economic Discontent Spells Trouble for Dems in 2010...
White House: Obama 'not watching returns'...
NYT: In Iowa, Euphoria Gives Way to Second Thoughts on Obama... GORE'S BIG PROFITS FROM 'GLOBAL WARMING'...

11-3-09

Estulin: G-20 Meeting in Scotland this Week about Dumping U.S. Dollar Currency crisis on way, says investor Jim Rogers, the international investor and chairman of Rogers Holdings, has warned of a currency crisis within the next couple of years. US gold hits record high $1,081.70/oz on IMF sale U.S. gold futures scaled an all-time high $1,081.70 an ounce on Tuesday, surpassing the previous record set Oct. 14, boosted by technical buying and news of a gold sale by the International Monetary Fund (IMF) to India. India, China, Russia and Some EU Central Banks Buying Gold India’s central bank is buying 200 metric tons of gold from the IMF.

Government Statistics and Lies

11-2-09

Stiglitz Says U.S. Recession ‘Nowhere Near’ End After GDP Jump Nobel Prize-winning economist Joseph E. Stiglitz said the U.S. recession is “nowhere near” an end and the economy’s third-quarter growth rate of 3.5 percent, the first expansion in more than a year, won’t carry into 2010. Roubini: Global Markets Could Soon Crash How Goldman secretly bet on the U.S. housing crash McClatchy Newspapers | Goldman Sachs Group peddled more than $40 billion in securities backed by at least 200,000 risky home mortgages. CIT files for Chapter 11 bankruptcy protection (AP) Federal Reserve Policy Audit Legislation ‘Gutted,’ Paul Says U.S. Inflation to Appear Next in Food and Agriculture Massive Government Spending Boosts US Economy, But Few Signs Private Sector Can Sustain Washington Post | There were few signs in the new data that the private sector will be able to sustain that growth once the government pulls back, or that the rise will soon translate into an improving job market.

9-11-09

3 more bank failures bring 2009 total to 92 WHITE HOUSE ECON ADVISER: HIGH UNEMPLOYMENT FOR YEARS TO COME... The Coming Consequences of Banking Fraud Gold Prices Rise Above $1,010 Taylor Say Fed May Have to Raise Rates Early in 2010

The Coming Consequences of Banking Fraud J. S. Kim | The Double Dip Depression should not be discussed in the realm of economics but rather in the more apropos realm of financial fraud.

Russia Today: “Stop the 9-11 cover-up” 9/11 Commission Members Doubt Official Story Fifty questions on 9/11 EU MP: U.S. Government Lied About 9/11 Sheen Challenges 9/11 Truth Debunkers To Larry King Live Debate Informant says FBI threw away chance to catch alleged 9/11 plotter

Peter Schiff: The Zero Down Cash for Clunkers Bubble Peter Schiff | The government tries to boost the economy with your tax money and debt into perpetuity.

PREPARE FOR A LOWER DOW TO GOLD RATIO…by Moses Kim – Seeking Alpha…That era of paper wealth is gone for now, as evidenced by the mass failure of financial institutions last fall, and we have entered into a period when hard assets are in vogue. The Dow to Gold ratio is a useful tool to track this process of asset reallocation, since gold is the ultimate hard asset. Usually, when hard assets enter into a bull market, the Dow to Gold ratio goes to under 5. For example, the ratio hit 1 in 1896, 2 in 1932, 3 in 1974, and 1 again in 1980. The current bull market in gold has brought the ratio from a high of 44 in 1999, to its current reading of 10. In addition, there seems to be a tendency for the ratio to "overshoot" on the downside based on how overextended the ratio becomes. For example, an 18 Dow:Gold ratio eventually fell to 2 in 1932, and a 27 Dow:Gold ratio eventually fell to 1 in 1980. Considering that the Dow:Gold ratio was at 44 prior to this move, it looks like we still have a long way to go on the downside… With stocks overpriced at over 100 times reported earnings, a decent-sized pullback is in order. Therefore, I expect the Dow to Gold ratio to decrease in the coming months and years…

Polls Reveal Obama’s Plummeting Approval Ratings Bush’s Third Term: You’re Living It Former High-Ranking Intelligence Officer: Cheney Responsible for 9/11 CDC H1N1 forced quarantine docs leak CDC Warns Neurologists To Watch For Nerve Disease Following Swine Flu Shots

Psychology Today Hit Piece Labels Conspiracy Thinking A Psychotic Illness, Which Shouldn’t Come as too Much of a Surprise when You Take Into Account Many of Their Certifiable, Mentally Troubled Heroes, ie., Freud, Watson, etc….s In an article entitled Dark Minds: When does incredulity become paranoia, Psychology Today writer John Gartner attempts to make the case that the concerns of “conspiracy theorists” are not based in reality but are a product of mental instability, while himself fulfilling every criteria for what he claims classifies such people as psychotics – ignoring evidence that contradicts his preconceptions while embracing the ludicrous “conspiracy theory” that powerful men and governments do not conspire to advance their power.

Chris Matthews Proclaims Criticizing Michelle Obama Having 26 Aides Is Racist Infowars | Comments on the corporate media’s contention that criticizing Obama is racist.

The U.S. Invades and Occupies Pakistan U.S. to send “trigger-pullers” to Afghanistan

Zogby: Obama Approval Plummets to 42 Percent Newsmax | President Barack Obama’s job approval rating is down to 42%, with a decline in approval from Democrats the leading factor. SLIP SLIDING AWAY: OBAMA APPROVAL AT NEW LOW 45%... Where is the Anti-War Movement in the Age of Obama? Oklahoma City Bombing Witness Linked to CIA Provocateurs At End The Fed Rally? Paul Joseph Watson | “Anarchists” tried to get protesters to commit crimes.

UK is ‘facing 70s-style blackouts’

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...

Stossel: Every Obama Critic Called a Racist...

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

Mounting joblessness fuels housing crisis...

GALLUP: OBAMA HITS NEW LOW...

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’?

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...

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...

Stossel: Every Obama Critic Called a Racist...

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

Mounting joblessness fuels housing crisis...

GALLUP: OBAMA HITS NEW LOW...

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%...

Mounting joblessness fuels housing crisis...

8-20-09

US jobless claims in surprise jump for second week A Little Humility Is in Order for Investors WHY DO EQUITY MARKETS DISAGREE WITH THE DATA? CALPERS IS UNSUSTAINABLE Mounting joblessness fuels housing crisis... What rebound? Foreclosures rise... Peter Schiff: OIL is going well above $200 Iceland Pushes Back Against Neolib Bankers

Social Networks Censoring Obama Joker Images Flickr Censors Political Image Critical of Obama Congressman Tells Constituents They Will Pay Even If They Don’t Want Obamacare Obama’s Well Organized Community Is Falling Apart Man Exercising Open Carry in Phoenix Explains Obamacare: Theft Plain and Simple Catherine Austin Fitz has weighed in commenting the health care cram down is an attempt to obfuscate, deflect attention from, and escape obligations under deficit ridden medicare programs, etc., and is not in the best interests of the citizenry La Raza Member Attacks Gene Green Towhall Attendees FBI Says Boston Cops Need M-16s to Prevent City from Becoming Next Mumbai Kurt Nimmo | Let’s hand it to Boston Mayor Tom Menino — he didn’t buy into the FBI’s malarkey about a terrorist event that will probably never happen. Ridge says Bush Administration pushed to raise terror alert for re-election Held In A Psychiatric Ward & Called “Delusional” For Saying 9/11 Was An Inside Job …attacks of 9/11 were orchestrated by criminal elements inside the US Administration. “Afghan drug trafficking brings US $50 billion a year (which is why they’re there, causing death to innocent civilians)”

DRUDGEREPORT: Mounting joblessness fuels housing crisis...

8-19-09

Grab Your Shorts, The Correction Has Begun How Deep Will the Market Pullback Be? Sentiment says get your scuba gear …y IMF Says U.S. Must “Rebalance” Its Dead Economy How the New York Stock Exchange really works David Kramer | Large brokerage houses, large banks, and the New York Stock exchange use dummy corporations as fronts to hold large portions of stocks in corporations to facilitate the computerized programmed churn and earn scams.

Obama Warns Soldiers Coming Days in Afghanistan Will Be “Bloody” GALLUP: OBAMA HITS NEW LOW... Firms with Obama ties profit from health push... PEW: Democratic Party ratings plummet... Honduras: Military Coup Engineered By Two US Companies? Gates: It’s A “Mystery” How Long US Forces Will Be In Afghanistan Poll: Most say Afghanistan war not worth fighting Cindy Sheehan To Lead Protest Against Obama Continuing Bush Wars Large Troop Deployment to Iraq Infowars | I found this a bit shocking considering the President’s promise to remove our troops from Iraq as quickly as possible. Why then are we deploying the most troops since WWII?

Transcript: Controller joked about barbecuing cat. What a mental case. The Cat’s laughing last cause he’s done! (AP)

DRUDGEREPORT: Dollar to Decline Amid Concern It 'Loses Reserve Status'...

GALLUP: OBAMA HITS NEW LOW...
Firms with Obama ties profit from health push...
PEW: Democratic Party ratings plummet...
SEE BARNEY SCREAM: Outbursts at Frank's Town Hall meeting...

8-18-09

The FDIC Is Broke. Now What? (Part II) Insiders Are Dumping Stock Dollar to Decline Amid Concern It 'May Lose Reserve Status'... Jobless spike compounds foreclosure crisis

GALLUP: OBAMA HITS NEW LOW... Gates: It’s A “Mystery” How Long US Forces Will Be In Afghanistan Large Troop Deployment to Iraq Attorney: FBI trained NJ blogger to incite others... Recession Shock! Chicken Farming in the City... City considers adult curfew after crime spate...

Corporate Media Demonizes Defenders of the Constitution Identity Of Obama Joker Designer Debunks Racism Smear China is Again Buying Long-Term U.S. Treasuries . . . Does That Mean China is Betting on Deflation?…No…it means china is, like the u.s. a worthless paper tiger…who woulda thunk it? Much Of Afghan Drug Money Going To ‘Our Friends’ Australia Proposes No Warrant “Terrorism” Raids Cindy Sheehan To Lead Protest Against Obama Continuing Bush Wars Gates: It’s A “Mystery” How Long US Forces Will Be In Afghanistan Large Troop Deployment to Iraq Infowars | I found this a bit shocking considering the President’s promise to remove our troops from Iraq as quickly as possible. Why then are we deploying the most troops since WWII?

DRUDGEREPORT: Dollar to Decline Amid Concern It 'May Lose Reserve Status'...

GALLUP: OBAMA HITS NEW LOW...
Attorney: FBI trained NJ blogger to incite others...
Recession Shock! Chicken Farming in the City...
City considers adult curfew after crime spate...

8-17-09

The Second Wave of The Depression: Hyperinflation is Likely Stocks Slide on Economy Concern; Yen, Dollar, Treasuries Gain World stocks, oil tumble on u.s. fraud exposure and consumer worries Connecticut Not Learning the Right Lessons from California Weekly Market Outlook: Commercial Real Estate Continues to Deteriorate Marc Faber Slams Central Banks The Great Flu Game, Brought to You by Big Pharma Infowars | GlaxoSmithKline and Solvay Biologicals present a slick propaganda device to get the kids ready for the contrived panemic. Equity Market: Things Look Ugly for the Bulls Cam Hui…Given some of my recent warnings about the equity market (see here and here), these additional data points are more indications of the precarious state of the US equity market… Will 'Self-Preservation' Work After Decades of Fiscal Suicide? Jeff Nielson …After decades of fiscal suicide, it is efforts at self-preservation which cement the fate of the U.S. economy. However, with a Ponzi-scheme economy which is now suffering the fate of all Ponzi-schemes, self-preservation is the only strategy left for Americans.

Equity Market: Things Look Ugly for the Bulls Cam Hui…Given some of my recent warnings about the equity market (see here and here), these additional data points are more indications of the precarious state of the US equity market…

The Second Wave of The Depression: Hyperinflation is Likely Webster Tarpley | We need to wipe out the derivatives bubble with the help of a 1% Tobin tax or securities transfer tax, on all speculative financial transactions, including futures, options, stocks, bonds, commodities, foreign exchange, and so forth.

The "Zimdollar:" Dead, but still used for bus fare (AP)

Cindy Sheehan To Lead Protest Against Obama Continuing Bush Wars Majority Of Americans Directly Oppose Obama Economic Policy Viral Success Of Obama Joker Posters Panics Authorities Obama Joker Contest San Francisco Bay Area Voodoo in Obama’s White House John Pilger: Obama Is A Corporate Marketing Creation Chavez says Obama “lost in space” on Latin America Mexican Army takes over customs on US border AFP | Mexico’s Army took control of customs Sunday on the busy US border, as federal authorities pulled agents off the job in a massive anti-corruption shakeup.

The Fairness Doctrine is Dead, Long Live the Fairness Doctrine Kurt Nimmo | Obama’s commissariat want to shut down the real threat to the global elite — independent patriot radio.

DRUDGEREPORT: Swine flu shot link to killer nerve disease; Concern over 25 deaths...

BUDGET BLOWOUT: CHICAGO GOV'T CLOSED ON MONDAY

BIG BANK DOWN...

IS RAHM RUNNING THE JOKER SHOW?
Dem: Bill without public option 'would be very, very difficult'...
Armey: Hyped up outbreak of swine flu could 'scare bed-wetters to vote for healthcare reform'...
Canada's top doctor: Health care system 'imploding'... 'We all agree that things are more precarious than perhaps Canadians realize'...
RETREAT: TEAM OBAMA DROPS 'PUBLIC OPTION'
Chavez says Obama 'lost in space'...
GALLUP: Conservatives Now Outnumber Liberals in All 50 States...
Israeli minister: Some of Obama's policies are 'borderline anti-Semitic'…which would be, if true, the only thing he has going for him in the most positive sense…but, it is just their typical “holocaust” card, without foundation...
Stocks Drop Around World on Economy Concern...
OBAMA PULLS PLUG ON [email protected]...
DID send unwanted e-mails...

8-14-09
Colonial BancGroup shut down by federal officials (AP) Economist: Claim that Economy Has Recovered “Is Like Somebody Borrowing Money from Their Uncle and Then Celebrating that Their Income Has Gone Up” Workers Slotted for Layoff Block Road Outside Wells Fargo Headquarters US preparing to prosecute 150 UBS account holders Toxic Loans May Push 150 Banks to Point of No Return Bloomberg | More than 150 publicly traded U.S. lenders own nonperforming loans that equal 5 percent or more of their holdings, a level that former regulators say can wipe out a bank’s equity and threaten its survival.

8-13-09
Insiders Continue to Sell, Sell, Sell (at Seeking Alpha) PAPER: Fresh alert on global stock markets... Retail sales fall, new jobless claims rise (Reuters) US Home Foreclosures Set Another Record in July Trade Deficit with China Continues to Expand: Why? Because america’s business is fraud, moving and commissioning worthless paper, war profiteering, bureaucratic growth, etc. ? Post-FOMC Outlook: Down and Out

Obama Approval Rating Sinks To Lowest Ever The Pentagon Wants Authority to Post Almost 400,000 Military Personnel in U.S. Ex-employees claim Blackwater pimped out young Iraqi girls Blackwater Founder Implicated in Murder Iraq Contractor KBR Cited By Oversight Commission Attacks Against Iran Intensify

8-12-09

Gerald Celente 2.5 Million Jobs Lost Since Obama’s Presidency You Tube | Trends Forecaster Gerald Celente speaks with Russia Today about the real effects of the economic downturn under Obama– starting with mass job loss. Fed to Hike Rates to 7% by Mid-2011: Strategist Analyst cuts YRC rating on financial concerns (AP) Foreclosures rise 7 percent in July from June Fed says economy leveling out; rates stay at lows ….. riiiiight…so that’s what’s going on…what do you expect them to say, that they failed (they did), that they bailed out their bud’s with taxpayer funds…this is a DEPRESSION…..It is Unexpected Auction, Predictable Fed Addicted to War: America’s Brutal Pipe Dream in Afghanistan The TARP Time Bomb the Media Missed Americans working much harder – for less pay Bob Prechter "Quite Sure" Next Wave Down Will Be Bigger and March Lows Will Break

Specter: Critics don’t “represent all of America” Riiiiight!…that old “silent majority trick”

A land of liberty destroyed by stealth Double Standard for Public Images of Obama Florida TV Station Removes Comments On Obama Joker Poster Story Infowars | Overwhelming support for political satire prompts TV station to remove comments on website. Offensive Targeting Liberty Movement Picks Up Steam
The TARP Time Bomb the Media Missed
Addicted to War: America’s Brutal Pipe Dream in Afghanistan
Gerald Celente 2.5 Million Jobs Lost Since Obama’s Presidency
“Safety Concerns” Cited In Removal of Obama Joker Posters in Tennessee

Offensive Targeting Liberty Movement Picks Up Steam Exercising First Amendment Now “Vandalism” As Corporate Media Attacks Obama Joker Contest

DRUDGEREPORT: Federal deficit higher in July, $1.27T this year; Record spending...
Fed extends bond buying; keeps rates steady...

GEMS BOSS KILLED BY N*****S IN SPEAR MOB AMBUSH IN KENYA...

PAGLIA: PELOSI MUST GO...

Man Gets 6 Months in Jail for... Yawning!

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

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

8-11-09

Bob Prechter "Quite Sure" Next Wave Down Will Be Bigger and March Lows Will Break Inflation May Drive Gold to Record High Court Throws Out FOIA Lawsuit Against Fed A report from Russia Today concerning the refusal by the courts in the US to follow up a freedom of information act request to determine where bailout money went. The Creeping Financial Lock-Up U.S. bailout panel: toxic assets may need more Treasury support

Florida News Report on Obama Joker “Vandalism” Kurt Nimmo | It will now be considered a racist crime to criticize and parody Obama. How long before this criticism and disagreement becomes a punishable crime? Critics Say White House Enemies List Illegal NY Times Reporter: I Was Fired For Criticizing Obama, Goldman Sachs Under Obamacare, The Government Would Indoctrinate Your Kids Paul Joseph Watson | Chuck Norris slams Stalinist “home intrusion and indoctrination” program. TV star and political commentator Chuck Norris points out in an editorial today that under the Obamacare legislation currently being vociferously opposed in town halls across the country, the government would empower itself to carry out home intrusions and state re-education of children under a Stalinist indoctrination program. Citizen Revolt to Obama Care Amid protests, Obama assails insurance companies Obama Caught Lying Again, Making Back Room Deals with Pharmaceutical Lobbyists This is No Recession, It’s a Depression: It’s a Planned Demolition Mike Whitney | The financial meltdown is the logical outcome of the Fed’s monetary policies. It’s a planned demolition. German Media Covers Obama Joker Poster Why Are Internment Camps Being Built? Chuck Baldwin | Why is the federal government constructing large numbers of internment camps, and who does the government plan on incarcerating in those camps? Judge Jails Man for Yawning in Court Sibel Edmonds Deposition: Deep Corruption Beneath the Surface Erik Larson | No so-called “mainstream” print or broadcast media showed up to cover the deposition. Torturing Children: Bush’s Legacy and Democracy’s Failure Blackwater linked to political murders and sex ring Attacks Against Iran Intensify Does the US Run the Iranian Opposition? Lew Rockwell | Hillary admits to the the funding and support, but it becomes clearer and clearer that the Green Revolution was just another Made in the USA color aggression.

Sen. Specter Shouted Down Over Health Care Sen. Arlen Specter (D-PA), who had his brain drained some years ago, was shouted down at a health care town hall meeting. The man accused Specter of having his pockets stuffed with money from lobbyists.

DRUDGEREPORT: PAGLIA: PELOSI MUST GO...

Man Gets 6 Months in Jail for... Yawning!

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

VIDEO: Sen. Specter Shouted Down Over Health Care...

SEE THEM SWEAT IN NEW JERSEY...

8-10-09

The Market's Horoscope: Downside Correction Employment Sinks to 25-Year Low: How Is This 'Good News'? Rise of the Part-Timer, Fall of the Labor Force Watchdog says bad assets still threaten banks Roubini: Reduced Selling of Gold by Central Banks Should Support Gold Prices `Tensions ahead of record $75B debt sale...` Entering the Greatest Depression in History Andrew Gavin Marshall | The crisis has many bubbles, all of which dwarf the housing bubble burst of 2008. Geithner asks Congress for higher U.S. debt limit `Afghanistan throws up tough choices for Obama; Cost of America's efforts soar…but america has the fastest printing presses on earth…and taxpayer dollars...` `Military deaths at 699...`

Paulson, Goldman CEO spoke often in heat of crisis to make sure goldman’s interests were protected at the expense of the taxpayers (Reuters)

Craig Stephen's This Week in China: Hong Kong money chief's latest warning

…James Pethokoukis at Reuters … cites four reasons that the report was worse than it appeared. In his view, the auto sector screwed up the seasonal adjustments, the federal government was on a hiring binge, weekly earnings popped up because of a lot of auto workers coming back to work and the increase in the minimum wage and the decline in the unemployment rate was a statistical fluke.

Here’s what he says about the unemployment rate:

To be sure, the drop in the unemployment rate was a surprise, but it was all due to the slide in the labor force — the employment-to-population ratio gives a more accurate picture of the slack in the labor market and the hidden secret in today’s report was that this metric slid to a 25-year low of 59.4% from 59.5% in June and 61.0% at the turn of the year. Of those unemployed, 33.8% of them have been unemployed now for over 27 weeks — a record amount (was at29.0% in June and was at 17.5% at the start of this recession).

Take your pick. For me, Tom Lindmark, I think that one month’s worth of data is just too skinny. If there were some discernible trends that would make a difference but the monthly number of jobs lost keeps jumping around and Pethokoukis makes some good points about the noise in those numbers.

The cliff dive may be over but I think it’s far from clear that we are even not getting worse.

White House Blocks Opposition From Staged Obama Town Hall Event Pelosi – Town Hall Protests/Free Speech Un-American Czech Republic Refuses Baxter Swine Flu Vaccine On Safety Grounds Government’s 9/11 Lies Continue To Affect People’s Health The federal government’s lies over the safety of toxic air at ground zero in the wake of the 9/11 attacks still continue to take their toll on the health of workers and residents caught up in the aftermath. Pro-Obamacare Thugs Threaten Father Of Handicapped Son After Confrontation “We’ve had a visit from them in the middle of the night.” Myanmar's Suu Kyi found guilty in security case State Spied On 500,000 People Last Year In 1917, international jewish supremacist organization b’nai b’rith masterminded the Bolshevik revolution. Government Case Against North Carolina “Jihadists” Falls Apart “Manufactured Protests” Myth Starts To Crack No Letup In Political Witch-Hunts Under Obama For Cost-Cutting States, Next Year Could Be Bleaker Still Robbery Victim Arrested for Using the N-Word Philadelphia Inquirer | A jury of five women and three men unanimously decided yesterday that the detective fabricated information to justify the June 19, 2004, arrest.

Psychopaths have faulty brain connections, scientists find

8-7-09

Entering the Greatest Depression in History Andrew Gavin Marshall | The crisis has many bubbles, all of which dwarf the housing bubble burst of 2008. Geithner asks Congress for higher U.S. debt limit U.S. regulators close 3 banks, total now 72 US deficit climbs to 1.3 trillion dollars

….. the surge in interest in riskier stocks carries with it a distinct whiff of “junk stock rally.” In a quick chat David Rosenberg, chief economist and strategist at Gluskin Sheff, said the rally in small caps, coupled with other speculative flutters in the market — such as the recent resurgence of share prices of certain companies left for dead during the financial crisis — reinforce his skepticism. For those excited about this rally, he says there’s only one that compares: “It was 1930,” Rosenberg says, referring to the famous bear market bounce stocks saw after the 1929 crash……David Lutz, managing director of equity trading at Stifel Nicolaus, remains unconvinced. “History dictates that bear market rallies act just good enough to lure everyone back in,” he wrote in an e-mail today. “Given the euphoria I see these days, I’m concerned that may be the case.”…..

The Start Of The Second American Revolution. Who can deny it? Paul Joseph Watson | Outraged Americans across the country get in the face of the system and yell, “Don’t Tread On Me” The Obama Joker $1000 Video Contest

Obama Connected Group Calls for Brownshirt Tactics Against Healthcare Opponents Kurt Nimmo | Influential Democrat pressure group calls for denying the First Amendment to opponents for totalitarian health care. Union Thugs Beat Patriot at Obamacare Town Hall in St. Louis Obama Continues To Pay BLACKWATER Millions To Be In Iraq

`Protests spread over Obama health reform plans...`
`White House to Dems: 'Punch back twice as hard'...`
`SUMMER SHOWDOWN...`
`VIDEO: UNION THUGS UNLEASHED... PHOTOS...`
`6 arrested after St. Louis meeting... VIDEO...`
`Physicians jam meeting in Houston: 'Don't want socialized medicine'...`
`Tempers flare in Michigan...`
`Citing safety concerns, officials cancel Sen. McCaskill event...`
`PEOPLE SHOUTING AT PELOSI IN DENVER...`
`Palin calls Dems healthcare plan 'evil,' cites threat to son...`

`UK General: Afghanistan will take 40 years...`

`US deficit climbs to $1.3 trillion... White House still warns of '10%' jobless rate…because the real rate is already over 10%...`

8-6-09

US food stamp list tops 34 million for first time The Banks Own the Fed, and the Central Banks Own BIS AIG breakup nets Wall Street $1 billion bonanza: report ‘Underwater’ Mortgages to Hit 48%, Deutsche Bank Says `Oil price hits $76, highest since October...` US companies axe 371,000 jobs in July `Half of U.S. mortgages seen underwater by 2011...` Recovery ‘not in sight’ says BMW

Ron Paul: american Government Is A Failure The Obama opiate: Crisis deepens, crowds cheer Nazi-Style Denunciation Campaign Urges Americans To Report Each Other Preparing for Martial Law: International Swine Flu Conference to Be Held in Washington Kurt Nimmo | “They’re going to hit us with a massive biological false flag attack.” Decline And Fall Of The american Empire Martial Law Under the Cover of Bush Era Quarantine Regulations ‘JOKER’ Obama Posters to go viral Ex-lawmaker Jefferson convicted in bribery scheme Blackwater Founder Implicated in Murder A former Blackwater employee and an ex-US Marine who has worked as a security operative for the company have made a series of explosive allegations in sworn statements filed on August 3 in federal court in Virginia. Possible National Guard Deployment in Alabama Result of Bankster Scam Kurt Nimmo Jefferson County’s woes stem directly from a credit default swap mega-scam. Obama approval rating sinks to 50%: poll US President Barack Obama’s approval rating has slumped to 50 percent, the lowest since his inauguration, according to a poll released Thursday on the eve of his 200th day in office. `Senator accuses White House of compiling 'enemies list'...`

`DRUDGEREPORT: TAMPA HEALTH CARE DEBATE ERUPTS...`
`RAW VIDEO...`
`Six arrested after St. Louis meeting turmoil...`
`VIDEO...`
`White House to Dems: 'Punch back twice as hard'...`

TOWN HALLS TURN VIOLENT!

`Senator accuses White House of compiling 'enemies list'...`

`Oil price hits $76, highest since October...`

`Half of U.S. mortgages seen underwater by 2011...`
`Crowd mocks lawmakers over Obama health plan in Arkansas...`
27 MILLION AMERICANS ON ANTIDEPRESSANTS
`VIDEO: Sen. Boxer: 'Well-dressed' protesters at Town Halls are out to 'hurt our president'...`
`Polls show growing doubt about Obama healthcare plans...`
`Feds Hit With Biggest Tax Revenue Drop Since 1932...`
`GALLUP: OBAMA HITS NEW LOW...`
`'This is a president who needs a vacation'...`
`House Orders Up 3 Elite Jets; $200 Million Cost... Gulfstreams For Ferrying Members of Congress...`
`FLASHBACK: Congress Members Criticize Auto Executives' Jet Travel...`

8-5-09

US companies axe 371,000 jobs in July `Half of U.S. mortgages seen underwater by 2011...` Recovery ‘not in sight’ says BMW Bailed out Buffett: Buffett firms got $95 billion of bailout cash Central Bank net gold sales show huge drop in first half 2009 US Bank Regulators Dig In Against Obama Shake-Up U.S. jobs, services data raise recovery worries Fibonnaci Calls: The 38.2% Retrace Is Approaching

Decline And Fall Of The american Empire Martial Law Under the Cover of Bush Era Quarantine Regulations ‘JOKER’ Obama Posters to go viral Ex-lawmaker Jefferson convicted in bribery scheme Blackwater Founder Implicated in Murder A former Blackwater employee and an ex-US Marine who has worked as a security operative for the company have made a series of explosive allegations in sworn statements filed on August 3 in federal court in Virginia. Possible National Guard Deployment in Alabama Result of Bankster Scam Kurt Nimmo Jefferson County’s woes stem directly from a credit default swap mega-scam. Hundreds Of ISPs Refuse To Go Along With Big Brother Spy System A group of over 300 internet service providers and telecommunications firms is fighting back against the British government’s plans to monitor all emails, phone calls and internet activity nationwide.

`DRUDGEREPORT: Half of U.S. mortgages seen underwater by 2011...`
`Crowd mocks lawmakers over Obama health plan in Arkansas...`
27 MILLION AMERICANS ON ANTIDEPRESSANTS
`VIDEO: Sen. Boxer: 'Well-dressed' protesters at Town Halls are out to 'hurt our president'...`
`Polls show growing doubt about Obama healthcare plans...`
`Feds Hit With Biggest Tax Revenue Drop Since 1932...`
`GALLUP: OBAMA HITS NEW LOW...`
`'This is a president who needs a vacation'...`
`House Orders Up 3 Elite Jets; $200 Million Cost... Gulfstreams For Ferrying Members of Congress...`
`FLASHBACK: Congress Members Criticize Auto Executives' Jet Travel...`

8-4-09
The Real Economy Versus the Make-Believe World of the Government and Financial Giants In the real economy, unemployment is at Depression-era levels. Top firms' pension funds plummet Consumer bankruptcies jump 34% Nine Of Ten Sectors Overbought This Depression is just beginning US Bank Regulators Dig In Against Obama Shake-Up Geithner Warns Regulators to Back Reform Plan U.K. Royal Mint Doubles Gold Output as Demand Swells

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 Inflation: An Intractable Political Phenomenon The price of U.S. recession is paid in jobs Double-Dip Recession in the Picture: Roubini

Chinese youth beaten to death at net addiction bootcamp MI5 and MI6 are ‘unaccountable’, report says Who is making a profit from swine flu? Ex-NASA official goes on trial over steering money Antidepressant use doubles in US, study finds london times smears 9/11 truth movement as racist, nazi like, stupid a vicious attack piece in the rupert murdoch owned london times has linked the so called “birther” phenomenon with 9/11 truth, in an effort to imply that the movement is inherently racist and “intellectually scary” (read stupid). Federal Influence Over Local Police in Texas Joey G. Dauben | Federal terrorism reports cite supporters of Congressman Ron Paul and the Constitution as “suspects” to watch out for. Civilian Toll Rising in Afghanistan New York Times | The widening war in Afghanistan is taking an increasingly heavy toll on civilians.

`DRUDGEREPORT: PITTSBURGH: Gunman walked into aerobics class, turned out lights and opened fire... FIVE CONFIRMED DEAD -- INCLUDING CULPRIT...` BLOODBATH AT GYM `'He Looked Out of Place in a Class Full of Women'...`
`27 MILLION AMERICANS ON ANTIDEPRESSANTS...`
`Mental illness tidal wave swamps the nation...`
`Tiny Tim geithner Vents at Regulators as Overhaul Stumbles...` `Lose His Drool Cool...`
`CONGRESSMAN WARNS RAHM: THIS ISN'T CHICAGO...`
`WHITE HOUSE, 2009: 'VERY FALSE IMPRESSION'...`
`West Wing Web Attack Against Drudge...`

8-3-09

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 Inflation: An Intractable Political Phenomenon The price of U.S. recession is paid in jobs Double-Dip Recession in the Picture: Roubini

…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 Russia to use force if Georgian shelling continues More War, Bring the nation Further Down Please Beck Exposes ‘Cash for Clunkers’ Language Giving Feds Authority to Take Control of Computers UK Government To Install Surveillance Cameras In Private Homes Isn’t it time for the U.S. to leave Iraq altogether? Obama Backtracks On Middle Class Taxes Photo of Combat Vehicles on the Streets of Springfield, Illinois

DRUDGEREPORT: 27 MILLION AMERICANS ON ANTIDEPRESSANTS
Feds Hit With Biggest Tax Revenue Drop Since 1932...
GALLUP: OBAMA HITS NEW LOW...
'This is a president who needs a vacation'...
DOLLAR DROPS TO '09 LOW...
Protesters Shout Down Obamacare in Austin...
Crowd Explodes When Sen. Specter Urges We 'Do This Fast'...
UPRISING BACK HOME: Constituents Make Congressman Sweat...
New HIV strain discovered in Cameroon...
'Leapt to humans from gorillas'...

3 Americans killed in Afghan attacks...

BRITS SLAM U.S. STRATEGY IN AFGHANISTAN

7-31-09

Recession Worse Than Prior Estimates, Revisions Show Bloomberg | The first 12 months of the U.S. recession saw the economy shrink more than twice as much as previously estimated, reflecting even bigger declines in consumer spending and housing, revised figures showed. Do you realize how many suckers’ rally points were added by the fake numbers contributing to this new commissioning bubble! REVISED: ECONOMY 2X WORSE... The government plans big revisions to historical economic data... Developing... Regulators shut banks in Fla., NJ, Ohio, Okla... WASHINGTON (AP) -- Regulators on Friday shut down banks in Florida, New Jersey, Ohio, Oklahoma and Illinois, boosting to 69 the number of federally insured banks to fail this year amid the pressures of the weak economy and mounting loan defaults. PhD Economist: Fed has Caused Soaring Unemployment, Millions of Foreclosures, Millions Losing Life Savings and More than $6 Trillion in Lost Output DOLLAR DROPS TO '09 LOW... The Doctrine of Preemptive Bailouts and the Biggest Bailout You Haven’t Heard About Recession Worse Than Prior Estimates, Revisions Show Hillary Out to Strong-Arm Swiss Japan: Unemployment hits six-year high Signs of weakness in economy boost Treasurys; Record amount of debt issuance... Biggest banks in US reward stars of failure with huge bonuses Five U.S. bank closures bring 2009 total to 69

Smoke and Mirrors: Obama Says “Recovery Act” Responsible for Improving Economy Kurt Nimmo | Obama once again prevaricates and deceives to get you to buy into the illusion he has fixed the economy.

Ron Paul: What Are They So Afraid Of?

Bombshell: Bin Laden worked for US until 9/11 Against All Enemies | “Intimate relations” with Bin Laden included operations in Central Asia, including Xinjiang, China. Civilian Toll Rising in Afghanistan Trilateral Member Hormats nominated to State Department What’s Really in Obama’s Health Care Reform Bill – A Plain English Translation Army National Guard Advertises for “Internment Specialists” H1N1 Pandemic: Pentagon Planning Deployment of Troops in Support of Nationwide Vaccination Equus ‘the mean bugger’ This is a photo provided by Horry County Dentition Center of Rodell Vereen, 50, who was arrested Monday July 27, 2009, and charged with buggery. Police said Vereen was captured on surveillance video having sex with a horse at a stable near his home in Longs, S.C.

DRUDGEREPORT: PELOSI: I DON'T CARE IF I'M DESPISED...
THEY ARE VILLAINS!: Pelosi lashes out at insurance companies...
UPDATE: Speaker Will Keep 'Villain' Money...
GALLUP: OBAMA HITS NEW LOW...
'This is a president who needs a vacation'...
DOLLAR DROPS TO '09 LOW...
REVISED: ECONOMY 2X WORSE... The government plans big revisions to historical economic data... Developing... Signs of weakness in economy boost Treasurys; Record amount of debt issuance...
Developing... Regulators shut banks in Fla., NJ, Ohio, Okla... WASHINGTON (AP) -- Regulators on Friday shut down banks in Florida, New Jersey, Ohio, Oklahoma and Illinois, boosting to 69 the number of federally insured banks to fail this year amid the pressures of the weak economy and mounting loan defaults.

7-30-09
Causes of Depression Yet To Be Addressed Further impoverishment is on the way. More and more will be laid off and they’ll be no new jobs available. Savings will be exhausted and most homes that have been financed will be under water. Some banks paid bonuses bigger than income: o 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.

Unemployment spreads distress in U.S. home loans Cities in the U.S. Sun Belt states of California, Florida, Nevada and Arizona dominated the record foreclosure spree in the first half of the year, but distress in other regions emerged as joblessness spread, RealtyTrac said on Thursday. 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.

75% Favor Auditing The Fed Tarp banks award billions in bonuses...

Congressman Paul: Millions Of Americans Have Had Enough Of The Fed

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…

Obama Now Has Presidential Approval Index Rating Of -12 Obama’s Approval Rating Keeps Sinking Health Officials Admit Fast Tracked H1N1 Vaccines Will Not Be Tested for Safety Martial Law and the Militarization of Public Health: The Worldwide H1N1 Flu Vaccination Program Statistical Deceptions We’ve only just begun Shawn Connors | The Democratic and Republican mob bosses have bartered your future.

Obama Now Has Presidential Approval Index Rating Of -12 Forty percent (40%) Strongly Disapprove giving Obama a Presidential Approval Index rating of -12. That’s the lowest rating yet recorded for President Obama.

Drop in crime coincides with exodus of illegal immigrants Bizjournals.com - Mike Sunnucks A marked drop in Phoenix-area crime coincides with the recession and a drop in the number of illegal immigrants in Arizona. Phoenix has seen a 25 percent decline in the number of crimes during the first five months of 2009 compared to the same time ... Bad Employer Bailout? Reform Could Fund Health Care for Illegal ... FOXNews Report: Illegal immigrant population drops by 1.7M The Hill

7-29-09
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… Weak Treasury Auctions Raise Worries About Debt Burden... [$$] Senate Probes Banks for Meltdown Fraud (at The Wall Street Journal Online) Even Bernanke Admits this Could be Worse than the Great Depression Senate probes Goldman, Deutsche: report (Reuters) The Coming Consumption Squeeze: We Ain't Seen Nothing Yet Closing Update for July 29, 2009: Modestly Red Bernanke Stutters, Stammers And Shakes His Way Through Questions On Audit The Fed Bill Even the Wall Street Journal Says “Break up the Fed”

Max Keiser: Prosecute the Bankster Crime Syndicate Max Keiser | The Wall Street scandals and rip-offs are getting larger and more obvious.

Military To Work With FEMA During Swine Flu Pandemic American troops return from Iraq with ‘criminal behavior’ Afghan war questioned as more bodies flown home Kurt Nimmo | Annex A, section B of Operation Garden Plot calls for “deadly force to be used against any extremist or dissident perpetrating any and all forms of civil disorder.” Catherine Austin Fitts: Purpose of Flu Vaccine is Depopulation Catherine Austin Fitts | I believe one of the goals of the swine flu vaccine is depopulation. Perhaps it is the goal of a swine flu epidemic as well, whether bio-warfare or hype around a flu season.

DRUDGEREPORT: PELOSI: I DON'T CARE IF I'M DESPISED...
GALLUP: OBAMA HITS NEW LOW...
'This is a president who needs a vacation'...
PAPER: No. 3 at Justice OK'd Black Panther reversal; Case involved polling place in Philadelphia...
Weak Treasury Auctions Raise Worries About Debt Burden...

Baby taken from slain mom's womb found; 2 arrested (AP) Mom of decapitated baby: 'I didn't mean to do it' (AP)

7-28-09

(7-28-09) Insiders Selling at Alarming Levels The Real Unemployment Rate Hits a 68-Year High 2009 Looking More Like 1929 `Dollar Falls to 2009 Low...` Two Big Bounces: 1929 vs. 2009 U.S. Markets Decline After Weaker Than Expected Data `LECTURE FROM REDS: CHINA WARNS USA ON SOARING DEFICITS...` Real Estate: Not Out of the Woods Yet Arizona Law Holds the Foreclosed Responsible for Debt Bribery and fraud at heart of defense contracting work in Iraq and Afghanistan Bank of America to close some branches China tells U.S. to manage flood of dollars with care 96% of Credit Derivative Risk Held by 5 Banks Computer Manufacturers in China Pre-installing Spyware

The Real Unemployment Rate Hits a 68-Year High John Miller | Although you have to dig into the statistics to know it, unemployment in the United States is now worse than at any time since the end of the Great Depression.

Gallup Poll: Americans Turning Against Federal Reserve As momentum builds for Ron Paul’s efforts to audit the Fed, a new Gallup poll shows that Americans are turning against the Federal Reserve, with just 30 per cent saying the agency is doing a good job.

U.S. Senator Slams Washington Post Defense Of Fed Secrecy Steve Watson | Sanders: “Absolute power corrupts absolutely.”

North Carolina Terror Arrests Timed to Coincide with NLE 09 Kurt Nimmo | Patsies, dupes, useful idiots and fanatics are integral to any false flag terror operation.

MSNBC’s Matthews: Leave the real news to us. That’s what we get paid not to report. The …Paul Joseph Watson | Chris Matthews and guests characterize concerns about Obama, gun control, open borders, 9/11 and the Bilderberg Group as a mental illness.

7-27-09

Dollar Falls to Near 2009 Low as Economy Pares Refuge Demand Spitzer: Federal Reserve is ‘a Ponzi scheme, an inside job’ Unemployment Not Just a Problem in America … Unemployment in Spain Forecast at 22% by Next Year ECRI vs. Roubini, Round Two BofA planning to cut 10 percent of branches: report (Reuters)

About That New Jersey Organ Scandal Wall Street Journal - Sally Satel - ‎Even by New Jersey standards, Thursday's roundup of three mayors, five rabbis and 36 others on charges of money laundering and public corruption was big. How Does Kidney Trafficking Work? TIME Rogue kidney brokers resell organs from poorest nations on black ... New York Daily News

Bond analyst skeptical of California's new budget

DRUDGEREPORT: `PELOSI: I DON'T CARE IF I'M DESPISED...`
`Toddler shot in head at wedding reception...`
`12 shot at Baltimore cookout in drug feud...`
`Nebraska Legislators seek to assert state sovereignty...`
`Six Georgia banks fail, bringing year tally to 64....`

Massive US Terrorism Simulation Involving Foreign Agencies Begins Today Steve Watson | Mainstream media AWOL again as huge drill begins nationwide.

FDR’s Failed Reform: He Left the Fed in Place Washington’s Blog | Remember that Milton Friedman and Ben Bernanke have both said that the Federal Reserve caused the Great Depression.

It Ain’t Over Until the Jobs Come Back — Period! To destroy america…nothing could or would have been more effective than the adoption of NAFTA and GATT.
British economic collapse rivals Great Depression | The current recession is now almost identical to the decline in Britain’s output between 1929 and 1931.

Brit Nanny State to Intervene in Lives of “Shameless” Families Telegraph | Under the Government scheme, members of “Shameless” families are given intensive 24-hour supervision to make sure children attend school, go to bed on time and eat proper meals.
Likely cover-up in UK military torture probe

Gates: Iran is possibly a threat to israel (depending how provocative nuke-toting israel is), but, truth be told, absolutely no threat to US

Stop killings in Afghanistan

304,569 occupiers in West Bank now

7-24-09

Scams And Bailouts The Cause of World Depression `Six Georgia banks fail, bringing year tally to 64....` Rally may cool on earnings reality check Ben Bernanke Was Wrong Corporate Media Spotlights Distortion of Market by High Frequency Trading New US weekly jobless claims jump Its Official: U.S. Trapped in an Extended Depressionary Cycle `MICROSOFT Profit Drops 29% as PC Slowdown Weighs on Revenue… they haven’t availed themselves of the fake assets/books legislation recently passed...` `AMAZON.COM Profit Drops 10%...` This Is Where Each of Your 1.421 Trillion Dollars Is Going In 2010 California’s biggest government pension funds lose almost $100 billion Think Tank Report: Obama Will “Press The Reset Button” On North American Union Agenda

International War Criminal Nation israel moves ahead with anti-Iran plan Obama Administration Begins Opposition To States Claiming Sovereignty And Gun Rights 12,000 U.S. Children To Be Swine Flu Vaccine Guinea Pigs Obama Escalates Afghanistan Quagmire Border Patrol Agent Shot and Killed Ben Bernanke Was Wrong For everyone who missed this, I’m reposting a compilation highlighting the Wisdom and Economic Sagacity of the man at the head of the Federal Reserve Bank. President European Commission Advocated World Government in 1992 Jurriaan Maessen | Invoking the famous New World Order-speech of incompetent and global criminal, bush senior, Delors spoke of the prospect of world government.

DRUDGEREPORT: `Obama says regrets remark...`
`Calls white policeman who arrested scholar...`
`WHITE HOUSE CLAIMS POLITICS: POLICE ENDORSED MCCAIN...`
`THE TAPES: 911, police audio key in Cambridge case; Officials mull release of recorded evidence...`
`Cop Not Ruling Out Defamation Lawsuit Against Professor...`
`Obama 'Regrets' The 'Obsession' Over His Comments...`
`BLACK POLICEMAN: I WAS THERE, GATES ACTED STRANGELY, SUPPORTS ARREST '100%'...`
HOT MESS
`SHOCK: 4 boys in Phoenix accused of raping 8-year-old girl...`
`AMAZON CEO apologizes for deleting Orwell books...`
`COOL TURNS COLD: OBAMA 'BELOW 50%'...`
`Six Georgia banks fail, bringing year tally to 64....`

7-23-09

Scams And Bailouts The Cause of World Depression New US weekly jobless claims jump Its Official: U.S. Trapped in an Extended Depressionary Cycle `MICROSOFT Profit Drops 29% as PC Slowdown Weighs on Revenue… they haven’t availed themselves of the fake assets/books legislation recently passed...` `AMAZON.COM Profit Drops 10%...` This Is Where Each of Your 1.421 Trillion Dollars Is Going In 2010 California’s biggest government pension funds lose almost $100 billion Think Tank Report: Obama Will “Press The Reset Button” On North American Union Agenda

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 Syrian 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...`

Scams And Bailouts The Cause of World Depression This Is Where Each of Your 1.421 Trillion Dollars Is Going In 2010 FEMA to Conduct Massive NLE 09 Martial Law Exercise Next Week The International Banking Cartel is the New World Order Senate narrowly rejects ‘radical’ concealed weapon measure Global Warming or Global Cooling? A New Trend in Climate Alarmism Obama on US economic crisis: ‘The fire is now’ 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

`DRUDGEREPORT: Police Officer denies he's a racist, won't apologize... Audio: 'I know what I did was right'... Says Obama 'way off base'... Video... Obama faces criticism in liberal Massachusetts... Police union condemns president's comments... White House qualifies remark... Republicans question Obama's police criticism... *Full Arrest Report... Feds have spent $79 billion on global warming policies,research...`
`Dems Block Republican Health Care Mailing; Attempt to censor chart...`
`GOVERNMENT MOTORS sales fall 22%...`
`Dirty Jersey: Feds Bust Dozens in Corruption Scandal...`
`...international money-laundering conspiracy`
`FBI ARRESTS MAYORS, RABBIS IN NEW JERSEY SWEEP...`

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...

7-22-09

Wall Street’s Love Affair with Ben Bernanke Mike Whitney | bernanke knows that the country is in a Depression. More bodies go unclaimed as families can’t afford funeral costs `GOVERNMENT MOTORS sales fall 22%...` Bernanke: “I Don’t Know” Which Foreign Banks Were Given Half a Trillion Paul Joseph Watson Grayson grills Fed chairman on destination of credit swaps. Detroit: The Post-Apocalyptic Future of American Cities…Who Can Deny That? Fiscal ruin of the Western world beckons

New Jersey, that Font of Garbage, Mob, and Corruption, has Governor Attack Concealed Carry and the Second Amendment Jay Rockefeller Can’t Deny His Connection to Modern Eugenics Detroit: The Post-Apocalyptic Future of American Cities…Who Can Deny That? Fiscal ruin of the Western world beckons European Court Ruling spells an end to water fluoridation Biden (aka ‘Lobotomy Joe’) Says His Trip Proves Iraq Remains Priority U.S. Deaths Hit A Record High In Afghanistan Kwiatkowski: “Operation in Afghanistan is rooted in Israel” Russia Today | The real reason why the U.S. continues its presence in Afghanistan is Iran the country which is an annoyance for Israel, said Karen Kwiatkowski, a writer and former U.S. Air Force officer.

`DRUDGEREPORT: Feds have spent $79 billion on global warming policies,research...`
`GOVERNMENT MOTORS sales fall 22%...`

7-21-09

CalPERS assets fall 23.4 percent in value for 2009 (AP) Morgan Stanley To Show Losses (at Forbes.com) People Working for Free During Economic Crisis Ron Paul: Establishment Can No Longer Ignore Calls To Audit The Fed China Politely Moves Away from Dollar: Strategist Global Demand For Gold Soars 38 Per Cent Cost Of Bailout Hits A Whopping $23.7 Trillion Dollars The wrong kind of transparency Power Line | The midsummer budget update will surely show higher deficits and unemployment, and slower growth, than that projected in the president’s budget and in a May update.

Alex Jones: america is a nation of crack-whore, brain-damaged prostitutes – can we ever recover? PIMP GAME: the degradation of america, and our inability to face our masters as anything but a controlling-pimp guaranteed to dominate us by force. Alan Grayson grills Ben Bernanke on Foreign Lending Senators Criticized for Not Grilling Holdren Over Eugenics Theories Billions of People Expected to Die Under Current Codex Alimentarius Guidelines German Man Who Protested Obama Deemed Insane 21st Century Traitors

Alex Jones: america — a nation of crack-whore, brain-damaged prostitutes Actually, america’s worse than that; america’s a nation of criminals and mentally ill people (criminally insane). americans, citizens of a defacto bankrupt nation, upbeat on “Progress” in Iraq, Afghanistan Feds Prepare To Tax Toilet Paper In Name Of Climate Change Billions of People Expected to Die Under Current Codex Alimentarius Guidelines EU666 Biodefense Stockpile and US666 Biodefense Stockpile German Man Who Protested Obama Deemed Insane Kurt Nimmo | A Berlin court says the man was protesting “injustice and poverty in the world” and is not guilty of any offenses for the reason of mental illness.

Tories want to give Bank of England greater powers over Britain’s financial system

7-20-09

Cost Of Bailout Hits A Whopping $24 Trillion Dollars Stearns Crucifies Paulson On Bailout Bait And Switch Fiscal ruin of the Western world beckons Foreign Embassies Urged to Stockpile Local Currencies Bailout Overseer Says Banks Misused TARP Funds TARP watchdog says Treasury lacking bank data Goldman Sachs caused the problems in the first place… Who can deny that? `Regulators shut banks in CA, GA and SD...` U.S. depression said to be easing but not over: survey Oil rises above $64 on weak dollar results CIT Group falls off S&P 500 index CIT gets $3 billion lifeline from bondholders (Reuters) The Race To $23.7 Trillion 25% Unemployment Will Doom the Recovery…Can there be any question about that? Exxon faces $1 billion fine for sabotaging Texas oil wells

Cost Of Bailout Hits A Whopping $24 Trillion Dollars According to the watchdog overseeing the federal government’s financial bailout program, the full exposure since 2007 amounts to a whopping $23.7 trillion dollars, or $80,000 for every American citizen.

Stearns Crucifies Paulson On Bailout Bait And Switch Republican Congressman Cliff Stearns completely crucified former Treasury Secretary Henry Paulson last week on everything from his bailout bait and switch to his tax dodging on $200 million in profits from Goldman Sachs. Paulson’s stuttering and embarrassing attempt to respond made him look guiltier than a kid caught with his hand in the cookie jar.

Foreign Embassies Urged to Stockpile Local Currencies A top investment advisor, Harry Schultz – who was MarketWatch’s Peter Brimelow pick for financial newsletter of the Year in 2008 – is now claiming.

TARP watchdog says Treasury lacking bank data The top watchdog over the financial bailout package said the Treasury Department is rejecting “common sense” by not requiring banks receiving billions of dollars in government money to say how they are using the money.

7-17-09

Max Keiser: Goldman Sachs Are “Scum,” “Financial Terrorists” Bank profits not as impressive as they seem when you take into account TARP funding, changed accounting rules to fudge books, new stock issues, etc… um Regulators shut banks in Calif., Ga. and SD Ron Paul: Opening Statement on Federal Reserve Role and Consumer Protection ‘Printing money will lead to serious problems down the road,’ says Jim Rogers Ron Paul: “Audit the Fed!” Swiss banks running out of storage space for gold bullion Paulson Threatened Great Depression, Food Riots, Martial Law To Get Bailout Bill Passed Bank of America credit losses soar, profit falls Citigroup losses masked by Smith Barney gain GE revenue trails estimates, CEO lowers outlook

`Federal Drug Agents Asked to Join Michael Jackson Death Probe...`
`Home prices post 18% annual drop...`
`Second autopsy completed at the request of Jackson's family...`
`Los Angeles Prepares for Massive Memorial Service...`
`Doctor hires an attorney...`
`Was taking up to 3 powerful narcotic pain relievers at same time... Developing...`
`PLOT THICKENS: Police focus on medical treatment...`
`A LETHAL JAB: 'Collapsed after an injection of potent Demerol'...`
`WEEKS AWAY FROM LONDON 'COMEBACK'...`
`Paramedics spent 42 minutes trying to resuscitate...`
`'Was home alone for some time before help arrived'...`
`JACKSON FAMILY SPOKESMAN: 'EVERYONE AROUND HIM WAS ENABLING HIM, ABUSE OF PRESCRIPTION DRUGS'...` `WIRE...` `FINAL PHOTO...`
JACKSON 'WAS UNABLE TO SING'

'I'm better off dead. I'm done': How Michael Jackson predicted his death six months ago By Ian Halperin
Last updated at 2:08 AM on 28th June 2009

Genetic condition had ruined his lungs and left him unable to sing
He became so skeletal, doctors believed he was anorexic
He had nightmares about being murdered – and wanted to die
He used swine flu as an excuse to avoid coming to England
He thought he was agreeing to 10 concerts – it was 50

Whatever the final autopsy results reveal, it was greed that killed Michael Jackson. Had he not been driven – by a cabal of bankers, agents, doctors and advisers – to commit to the gruelling 50 concerts in London’s O2 Arena, I believe he would still be alive today. During the last weeks and months of his life, Jackson made desperate attempts to prepare for the concert series scheduled for next month – a series that would have earned millions for the singer and his entourage, but which he could never have completed, not mentally, and not physically…

JACKSON 'WAS UNABLE TO SING'...
Grief turns to anger for fans...
NANNY REVEALS TRAGIC SECRET: 'I had to pump his stomach many times'...

"The horrifying state of pop superstar Michael Jackson in his final days can be revealed by The Sun today," the tabloid article began (disavowed by coroner). "Harrowing leaked autopsy details show the singer was a virtual skeleton -- barely eating and with only pills in his stomach at the time he died." According to The Sun, Jackson's hips, thighs and shoulders were riddled with needle wounds believed to be the result of injections of narcotic painkillers given three times a day for years. The newspaper also claimed that Jackson, at 5 feet 10, had become severely emaciated and weighed about 112 pounds. It said that pathologists found his stomach empty, aside from partially dissolved pills. Additionally, according to The Sun, Jackson was wearing a wig when he died. The newspaper quoted pathologists as saying little more than "peach fuzz" covered his scalp.

7-16-09

Max Keiser: Goldman Sachs gang are ’scum’ who have co-opted U.S. gov’t Faber: Next Stimulus Will Be Worse What Economy? There’s Nothing Left to Recover Oil falls towards $61 amid realistic pessimism on economy (Reuters) CIT shares plunge after govt refuses bailout (AP) Head of $25 Billion Templeton Fund: Derivatives Will Cause Another Crisis Asia Markets: China still buying U.S. assets despite rhetoric – the communist chinese are bull st! … they’re the real paper tigers/bullies like their business partners, the fake free-enterprise/capitalist americans c Roubini: Some People-- CNBC-- Have Taken My Statements Out Of Context Can The Economy Recover? Paul Craig Roberts** | There is no economy left to recover. The US manufacturing economy was lost to offshoring and free trade ideology. 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.” `Foreclosures at record high in first half 2009 despite aid...` `Rising unemployment accelerates foreclosure crisis...` `Foreign demand for long-term US financial assets fell sharply in May...`

Max Keiser: Goldman Sachs gang are ’scum’ who have co-opted U.S. gov’t You Tube | Goldman Sachs are scum– that’s the bottom line. They have co-opted the government, the Treasury Department and the Federal Reserve’s functionality. They’ve co-opted the Obama administration & Barack Obama dances to Goldman Sachs’ tune.

Obama Science Czar’s Plan To Sterilize Population Through Water Supply Already Happening

NASA lost moon footage (riiiiight!…and they also want to sell you swampland in jersey), but Hollywood restores the new fake version which is a much slicker fake (AP)

London Times Censors Mass Opposition to Mandatory Swine Flu Vaccine

DRUDGEREPORT: HELP WANTED: Dept of Treasury seeks contractors for 'power of humor'... 'Have the ability to create cartoons on the spot'...
CBO: Federal budget is on unsustainable path...
Buchanan: Socialist America sinking...
'WE HAVE TO SPEND MONEY TO KEEP FROM GOING BANKRUPT’ …..Riiiiight!…Sounds like a plan!'
VIDEO: Top black business leader Accuses zionist Sen. boxer Of Racism...
Foreclosures at record high in first half 2009 despite aid...
Rising unemployment accelerates foreclosure crisis...
Foreign demand for long-term US financial assets fell sharply in May...
Defacto Bankrupt Social Security spends $700,000 on Phoenix conference: Airfare, hotel entertainment, dancers...

7-15-09

Foreclosures at record high in first half 2009 despite aid Foreclosures (those increased home sales that has been fueling suckers’ rally) rise 15 percent in first half of 2009 BofA operating under secret regulatory sanction: report (Reuters) $5 Billion Hedge-Fund Firm Switches Holdings To Physical Gold Inflation, Deflation and “Got You” Prices Fed: unemployment will top 10 percent this year...

Ex-FBI Agent: Why I Support a New 9/11 Investigation

Obama’s Science Czar: Traditional family is obsolete, punish large families

June proves big month for border smuggling via truck

7-14-09

Lower Markets on the Horizon Cody Willard: Goldman Sachs Is A Ponzi Scheme, Should Be Punished Accordingly The Ultimate Insider Trading Scheme Obama Says Jobless Rate Likely to Tick Up for Several Months Economist: At Best, An Inverted Recovery…and that’s a stretch…y Justice Dept. wants UBS customer names U.S. Budget Gap Exceeds $1 Trillion Bloomberg | The shortfall for the fiscal year that began Oct. 1 totaled $1.1 trillion, the first time that the gap for the period surpassed $1 trillion, Treasury figures showed today in Washington.

US Warmongers want terrorists to take down Iran govt.

African Media: Obama Returned To “Continent Of His Birth” Paul Joseph Watson | Ghanaian news outlet claim sure to raise eyebrows of birth certificate skeptics.

William F. Buckley and the CIA New reports of massive spying, criminality by US government David Icke: ‘Don’t Take The Swine Flu Vaccine’ Dr. David Kelly killed because he knew too much…daaah?

CIA Assassination Program Revealed: Nothing New Under the Sun Kurt Nimmo | Corporate media engages in a feeding frenzy over the latest CIA revelations while ignoring the CIA’s long history of assassination.

Moody's cuts Calif rating, budget talks press on

Job cuts 'hit two in three' in UK Brits go to Switzerland for assisted suicides...

7-13-09

Budget deficit tops $1 trillion for first time CIT Watch: Analysts Says Debt Load Isn't the Only Problem Budget deficit tops $1 trillion for first time (AP) Geithner Refuses to Rule Out Continuing Using American Taxpayer as Piggy Bank for Derivatives Losses China criticizes dollar The Financial Flogging Continues We need to get people involved with protests. People must understand this is not a democratic or republican issue this is an american issue and we are getting our rights and wealth stolen. Bernanke May Explain Fed Exit Strategy in Testimony Next Week Federal Reserve Chairman Ben S. Bernanke probably will show how the central bank will exit the biggest monetary expansion in history when he reports to Congress next week, economists said.

Geithner Refuses to Rule Out Using American Taxpayer as Piggy Bank for Derivatives Losses Infowars | Goldman Sachs operative sidesteps Rep. Sherman’s questions several times.

Goldman Execs Sold $700M of Stock: Report TheStreet.com `GOLDMAN executives sold $700m of stock; Selling surge came amid bailout...`

CIT in 'Active' Talks With Government for Aid as Bonds Tumble Bloomberg - Pierre Paulden, Caroline Salas July 14 (Bloomberg) -- CIT Group Inc., the century-old lender that's been unable to persuade the government to back its debt sales, is in “active discussions” with regulators about a rescue before $1 billion of ... Video: CIT Prepares For Bankruptcy - Bloomberg

Retired General / American Intelligence Official Says 911 was an Inside Job

Egypt Calls for Establishing New World Order to Overcome Crises

Broadcasters Seek Federal Aid…that should help an already unobjective media/news charade become even more objective …riiiiight!...

Convicted Thought Criminals Seeking Asylum Jailed Los Angeles Times | Since arriving in America, they haven’t spent a single day as free men. Infowars | Video of AG Holder admitting the Hate Crime law will be used to go after politically incorrect enemies of the state.

Obama Science Czar’s Plan To Sterilize Population Through Water Supply Already Happening Paul Joseph Watson | Antiandrogens discovered in lakes and rivers are feminizing men as global sperm counts plummet.

UPDATE: Man gored to death at Pamplona bull run...

7-10-09

This Depression Will Last For Years Wyoming sees first bank failure since 1991 China criticizes dollar Medvedev Shows Off Sample Coin of New ‘World Currency’ at G-8 The Fed’s “Independence” Argument is False AIG Seeks Clearance For More Bonuses The ‘gold is bad in a deflationary environment’ myth

Uighurs claim 400 killed in unrest in western China CIA ‘often lied to congressmen’ Obama threatens to veto law decreasing White House secrecy

Obama’s Cap and Trade Carbon Emissions Bill – A Stealth Scheme to License Pollution and Fraud Stephen Lendman | “We are on the verge of creating a new trillion dollar market (through) financial assets that will be securitized, derivatized, and speculated by Wall Street like the mortgage-backed securities market.”

"It's Going to Be a Disaster": Associate Says Jackson Was Too Weak for Major Comeback - One of the dreamers who tried to reboot Michael Jackson's career says the late King of Pop wasn't fit enough to hit the stage for the "greatest comeback show ever" two years ago,...

7-9-09

AIG Preparing to Pay New Round of Bonuses... While Talking About Keynesian Stimulus, Feds Are Really Just Giving Money to the Big Frauds FDIC Insurance Fund: It Doesn’t Actually Exist Replacing the dollar as reserve currency Ron Paul On Fed Audit: We Will Not Be Stopped Paul Joseph Watson | Congressman says investigating private Federal Reserve would reveal where missing TARP funds went.

FDIC Insurance Fund: It Doesn’t Actually Exist Seeking Alpha | As a former FDIC chairman, Bill Isaac, points out here, the FDIC Insurance Fund is an accounting fiction.

Replacing the dollar as reserve currency Reuters | The U.S. dollar is in the line of fire as leaders from the largest developed and developing countries gather in Italy for talks, as China pushes for debate on an eventual shift to a new global reserve currency.

Senate Blocks Bill To Audit The Fed As Government Prepares For Second Round Of Looting A Senate amendment based on Congressman Ron Paul’s successful House bill to audit the Federal Reserve was blocked by the Senate yesterday evening on procedural grounds, as Jim DeMint slammed the Fed for refusing to disclose where trillions in bailout funds had gone, while a top Obama administration advisor called for a second “stimulus” package to be prepared.

OHIO: Black teens attack white family on 4th, shouting 'It's a black world'... LAPD's public database omits nearly 40% of this year's crimes…I knew this had to be so...

So This Is What Victory Looks Like? Scott Ritter | Many in the West continue to delude themselves into seeing progress—and therefore “victory”—when in fact the situation in Iraq has only regressed.

White House opposes increased CIA oversight; House intel chairman says CIA lied to Congress

New 7/7 Bombing Photo Contradicts Official Story A new photo released on the fourth anniversary of the 7/7 attacks in London appears to contradict the government’s official story that Muslims with backpack bombs were responsible for the Tube and bus bombings which killed 52 people.

Sarkozy: Israeli strike on Iran would be 'catastrophe'...

Blitz of “Cyber Attacks” as Rockefeller Bill Approaches Kurt Nimmo | A determined propaganda blitz is well underway as the government sets the stage for the passage of Cybersecurity Act of 2009.

John Boehner: Lobotomy Joe Biden’s lying about stimulus SECOND STIMULUS PACKAGE…BECAUSE THE FIRST WORKED SO WELL…RIIIIIGHT!

7-8-09

Economist: FDIC gearing up for bank closures Goldman Sachs Admits Its Software Can “Manipulate Markets in Unfair Ways and fraudulently generate commissions /trade volume” True unemployment rate already at 20% GE Stock Worth Just $2, Says Longtime Bear Charles Ortel Ron Paul Is Right! We Should Audit the Fed America's "War on Capitalism": Why More Govt. Stimulus Is a Bad Idea With $700 billion in TARP, $700 billion in Stimulus and a $1.5 trillion ($1500 billion) federal budget deficit it’s easy to get numb to big numbers. Replacing the dollar as reserve currency Bob Chapman | The Fed, banking and Wall Street are responsible for the destruction of about 40% of worldwide wealth.

Economist: FDIC gearing up for bank closures The Federal Deposit Insurance Corp. is gearing up to handle a large number of bank failures expected as a result of bad mortgages, both in residential and commercial real estate, an economist said Tuesday.

Economy In Turmoil Can’t Be Fixed With Farcical Regulation Bob Chapman | The Fed, banking and Wall Street are responsible for the destruction of about 40% of worldwide wealth.

U.S. Occupation of Iraq Continues Unabated

Blitz of “Cyber Attacks” as Rockefeller Bill Approaches Kurt Nimmo | A determined propaganda blitz is well underway as the government sets the stage for the passage of Cybersecurity Act of 2009.

John Boehner: Lobotomy Joe Biden’s lying about stimulus

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...

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

7-7-09

Economic Expectations – Unemployment Rate Will Reach 15% David Tice: We are going into a depression. 15% unemployment or more on horizon. U.S. consumers fall behind on loans at record pace `FBI: Mortgage fraud 'rampant' and growing...` Celente and Schiff Predict Food Panic This Year. Watch clips HERE. Fema Camps Built. Wall Street hits 10-week low amid talk of new stimulus

Long-Term Trends Point to Gold Above $1,000

U.S. consumers fall behind on loans at record pace Soaring U.S. unemployment and a shrinking economy drove delinquencies on credit card debt and home equity loans to all-time highs in the first quarter as a record number of cash-strapped consumers fell behind on their bills.

Senate Blocks Bill To Audit The Fed (Making them Complicit) As Government Prepares For Second Round Of Looting Paul Joseph Watson | Senator Jim DeMint slams Fed’s monopoly, questions where trillions in bailout funds has gone. A Senate amendment based on Congressman Ron Paul’s successful House bill to audit the Federal Reserve was blocked by the Senate yesterday evening on procedural grounds, as Jim DeMint slammed the Fed for refusing to disclose where trillions in bailout funds had gone, while a top Obama administration advisor called for a second “stimulus” package to be prepared. Senate Update on Audit the Fed legislation Campaign for Liberty | Earlier today, the first shot in our battle to pass Audit the Fed through the U.S. Senate was fired on the Senate floor by Senator Jim DeMint of South Carolina. Rothschild’s Federal Reserve Must Be Abolished

Western Governments Funding Taliban & Al-Qaeda To Kill U.S. Troops, Destabilize Countries Recent revelations concerning the U.S. importing Taliban members into Iraq to foster false flag terrorism is merely the tip of the iceberg when compared to the U.S. intelligence complex’s multi-decade history in sponsoring Sunni Al-Qaeda affiliated terrorist groups around the world.

Helen Thomas: Not Even Nixon Tried to Control the Media Like Obama

Chinese Troops Kill 140 in Xinjiang

7-6-09

US lurching towards ‘debt explosion’ with long-term interest rates on course to double Jim Rogers Sells Dollars, Plans to Short Treasuries ‘Sucker’s Rally Beginning To Unwind’ daaaah…? Calls grow to supplant dollar as global currency China officials call for displacing dollar, in time Tracking Two Depressions, 1929 and now this Lear Corp files for bankruptcy GM to get final $20 billion in U.S. funding this year Big Banks Don't Want California's IOUs (at The Wall Street Journal Online) Unemployment Worse with Stimulus than Without California’s Nightmare Will Kill Obamanomics Payrolls Fall More Than Forecast, Unemployment Rises

Calls grow to supplant dollar as global currency The call to find an alternative to the U.S dollar as the global reserve currency is gaining momentum as France joined calls by China, India and Russia for a review of the world’s currency practices.

Jim Rogers Sells Dollars, Plans to Short Treasuries The dollar and U.S. Treasuries are both likely to slide as soaring government debt in the world’s biggest economy undermines confidence in its assets, according to Jim Rogers, chairman of Rogers Holdings.

`Woman in Beverly Hills faces jail -- for feeding stray cats. No wonder rational, productive people are leaving caleefornia!`

Biden: ‘We misread how bad the economy was’

Bill Gives Attorney General Power To Designate Gun Owners, Tax Protesters As Terrorists Paul Joseph Watson | Amendments to H.R. 2647 empower Holder to demonize law-abiding American citizens as “extremists” under definitions already established by Homeland Security. Kurt Nimmo | The amendment would give Holder the authority to determine what persons are “associated or affiliated with hate groups.”

Biden, known for his verbal gaffs, uncontrolled off-the-cuff embarrassing remarks, has finally added a global dimension to his foot-in-mouth misdirection with potentially dire consequences outside this country as he purportedly gives Israel OK for Iran attack; it should be noted that some years ago biden had part of his brain surgically removed and much like other lobotomized mental cases, his outbursts are uncontrollable and often out of wack

Iran’s reaction to attack would be ‘very decisive’: official A senior Iranian official, reacting to comments by US Vice President Joe Biden, on Monday said his country would respond “in a very full-scale and very decisive way” if it were attacked by Israel.

Kelly Was Working On Book Exposing Government Before his murder which has been falsely called “Suicide”

7 US troops killed throughout Afghanistan

Cynthia McKinney: Letter from an Israeli Jail Cynthia McKinney | This is Cynthia McKinney, July 2nd 2009, also known as Ramle prisoner number 88794.

7-2-09

America’s Effective Unemployment Rate at 18.7%? US loses 467,000 jobs, unemployment at 9.5% `'We're in the Middle of a Crash': Black Swan...` U.S. job losses spike in June, dampen recovery hopes Bank earnings to be hit by higher bad loans `MORGAN STANLEY May Post Another Loss ...` Senate bill fines people refusing health coverage (AP) Banksters Love Cap-and-Trade An Economy Bigger than Russia, Brazil, Canada, India or Spain Is About to Default

7-1-09

`Mortgage applications fall to 7-month low...` `Private sector sheds another 473,000 jobs in June...` `'Layoffs may be worsening'...` AIG shares drop after 1-for-20 reverse-stock split (AP) Manhattan apartment prices skid 13 to 19 percent [$$] Big Pay Packages Return to Wall Street as new fraud gains steam (at The Wall Street Journal Online)

US private sector sheds 473,000 more jobs in June U.S. private employers cut 473,000 jobs in June, more than expected but down from the 485,000 jobs lost in May, a report by a private employment service said on Wednesday.

Stewart: CIA hopes Wall St. geniuses will help other ‘calm, stable countries to collapse’ Jon Stewart wants to know why the CIA is recruiting former Wall Street bankers.

Gerald Celente on the Cap and Trade Scam Infowars | Gerald Celente interviewed on FOX Business.

Homeland Security and U.S. Army Plan Invasion of States The CIA’s Swine Flu & Your Plastic FEMA Coffin Beck and Former CIA Employee Agree: U.S. Needs to be Hit by al-Qaeda

Color Revolutions, Old and New Stephen Lendman | Belgrade was the prototype for Washington-instigated color revolutions to follow.

Murdoch CEO Labels Bloggers “Political Extremists” Paul Joseph Watson | John Hartigan laments how bloggers are not sent to jail like in China or Burma.

FEMA, Israeli Defense Forces Home Front Command Partner for Martial Law Kurt Nimmo | The Israeli National Emergency Management Authority and FEMA partnership was established under a 2007 Memorandum of Understanding with the DHS.

Rasmussen: Obama Disapproval Rating Matches Lowest Level Recorded Rasmussen Reports | Thirty-three percent (33%) Strongly Disapprove giving Obama a Presidential Approval Index rating of -2. That matches the lowest level yet recorded.
US remains silent over McKinney arrest by Israel Nearly a day after the detention of former US lawmaker Cynthia McKinney by Israeli forces, Washington has yet to make a reaction.

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.

DRUDGEREPORT`: 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...`

`Federal Drug Agents Asked to Join Michael Jackson Death Probe...`
`Home prices post 18% annual drop...`
`Second autopsy completed at the request of Jackson's family...`
`Los Angeles Prepares for Massive Memorial Service...`
`Doctor hires an attorney...`
`Was taking up to 3 powerful narcotic pain relievers at same time... Developing...`
`PLOT THICKENS: Police focus on medical treatment...`
`A LETHAL JAB: 'Collapsed after an injection of potent Demerol'...`
`WEEKS AWAY FROM LONDON 'COMEBACK'...`
`Paramedics spent 42 minutes trying to resuscitate...`
`'Was home alone for some time before help arrived'...`
`JACKSON FAMILY SPOKESMAN: 'EVERYONE AROUND HIM WAS ENABLING HIM, ABUSE OF PRESCRIPTION DRUGS'...` `WIRE...` `FINAL PHOTO...`
JACKSON 'WAS UNABLE TO SING'

'I'm better off dead. I'm done': How Michael Jackson predicted his death six months ago By Ian Halperin
Last updated at 2:08 AM on 28th June 2009

Genetic condition had ruined his lungs and left him unable to sing
He became so skeletal, doctors believed he was anorexic
He had nightmares about being murdered – and wanted to die
He used swine flu as an excuse to avoid coming to England
He thought he was agreeing to 10 concerts – it was 50

JACKSON 'WAS UNABLE TO SING'...
Grief turns to anger for fans...
NANNY REVEALS TRAGIC SECRET: 'I had to pump his stomach many times'...

"The horrifying state of pop superstar Michael Jackson in his final days can be revealed by The Sun today," the tabloid article began (disavowed by coroner). "Harrowing leaked autopsy details show the singer was a virtual skeleton -- barely eating and with only pills in his stomach at the time he died." According to The Sun, Jackson's hips, thighs and shoulders were riddled with needle wounds believed to be the result of injections of narcotic painkillers given three times a day for years. The newspaper also claimed that Jackson, at 5 feet 10, had become severely emaciated and weighed about 112 pounds. It said that pathologists found his stomach empty, aside from partially dissolved pills. Additionally, according to The Sun, Jackson was wearing a wig when he died. The newspaper quoted pathologists as saying little more than "peach fuzz" covered his scalp.

6-30-09

`Consumer confidence suffers steep fall...` `Home prices post 18% annual drop...` Worldwide Depression: Review of Global Markets Can credit default swaps be abolished - Washington’s Blog | The U.S. economy is not “the most vibrant and flexible in the world”. It is the most broke in the world. Did you know that ?

Gloomy U.S. consumers clip housing recovery hopes Reuters | Billionaire investor George Soros added to the cautionary tone, saying fears of inflation would drive up borrowing costs and choke off growth once financial markets recover.

Debasing the Currency is Leading to Financial Collapse . . . Just As It Has for Thousands of Years In a fascinating 22-page study of money and currency, Christopher Weber shows that every government - from Athens, to pre-collapse Rome, to the Islamic countries in the Middle Ages - which stuck to the Greek standard of coins has been stable and prosperous.

Can credit default swaps be abolished? Washington’s Blog | The U.S. economy is not “the most vibrant and flexible in the world”. It is the most broke in the world.

Worldwide Depression: Review of Global Markets Bob Chapman | As you have already seen this is a worldwide depression and no one will escape.

Cap and Trade Will Lead to Capital Flight Ron Paul | The Cap and Trade Bill HR 2454 was voted on last Friday. Proponents claim this bill will help the environment, but what it really does is put another nail in the economy’s coffin.

Poll finds Alan Greenspan to blame for credit crisis Greedy bankers are routinely blamed for the credit crisis but one British-based poll of — well, financiers — spreads the blame more widely.

Ron Paul’s ‘Audit the Fed’ Bill Gathers Steam CQ | Paul’s legislation, popularly known as the “Audit the Fed” bill, has drawn 244 cosponsors, ranging from Republican floor leader John A. Boehner to Democratic chairman of the Judiciary Committee John Conyers Jr.

Alex Jones: Obama Breaks Promise Not to Raise Taxes on Middle Class Infowars | Obama reveals his contempt for the American people by issuing signing statements, even though he said during the election he would not.

Rasmussen: Obama Disapproval Rating Matches Lowest Level Recorded

International Bailout Brings Us Closer to Economic Collapse Ron Paul | In an affront to all those who thought they voted for a peace candidate, the current president will be sending another $106 billion to Afghanistan and Iraq.

The two party system has failed America Shawn Connors | Our ranking two party politicians can no longer be trusted because they are not making decisions in our interest. World bankers, corporations, and elitists with an agenda have infiltrated our government. These two party politicians are puppets.

The Truth Behind The Iraq “Sovereignty” Propaganda The corporate media is getting all giddy and affording blanket coverage to the story of Iraqis who are “regaining their sovereignty” as U.S. troops are pulled out from Iraqi cities. This is of course lurid and baseless propaganda - hundreds of thousands of U.S. troops will remain in Iraq stationed at the dozens of military bases that have been built across the country.

DRUDGEREPORT: NKorean Ship Reverses Course...
Zelaya vows return to Honduras despite arrest threat...
*Ousted leader likely to meet US officials...
**Zelaya accused of drug ties...
Ahmadinejad declares 'soft overthrow' failed...
Consumer confidence suffers steep fall...
'Unexpected'...
Stocks Slump as Quarter Ends...
Deficit forces California to issue IOUs...
States brace for shutdowns...
Home prices post 18% annual drop...
Second autopsy completed at the request of Jackson's family...
Los Angeles Prepares for Massive Memorial Service...
Doctor hires an attorney...
Was taking up to 3 powerful narcotic pain relievers at same time... Developing...
PLOT THICKENS: Police focus on medical treatment...
A LETHAL JAB: 'Collapsed after an injection of potent Demerol'...
WEEKS AWAY FROM LONDON 'COMEBACK'...
Paramedics spent 42 minutes trying to resuscitate...
'Was home alone for some time before help arrived'...
JACKSON FAMILY SPOKESMAN: 'EVERYONE AROUND HIM WAS ENABLING HIM, ABUSE OF PRESCRIPTION DRUGS'... WIRE... FINAL PHOTO...
JACKSON 'WAS UNABLE TO SING'

'I'm better off dead. I'm done': How Michael Jackson predicted his death six months ago By Ian Halperin
Last updated at 2:08 AM on 28th June 2009

Genetic condition had ruined his lungs and left him unable to sing
He became so skeletal, doctors believed he was anorexic
He had nightmares about being murdered – and wanted to die
He used swine flu as an excuse to avoid coming to England
He thought he was agreeing to 10 concerts – it was 50

JACKSON 'WAS UNABLE TO SING'...
Grief turns to anger for fans...
NANNY REVEALS TRAGIC SECRET: 'I had to pump his stomach many times'...

`California set to issue IOUs as fiscal crisis weighs...`
`State shutdowns loom...`

6-29-09

Four banks fail, bringing 2009 tally to 19 more than all of 2008 at a total thus far of 44 Dollar Falls Most in Month as China Urges New Reserve Currency Gerald Celente speaks on Cap and Trade and other handicaps to the US economy Top WH Advisor: Obama Won’t Rule Out Middle Class Tax Hike

Hyperinflation Nation Hyperinflation Nation starring Peter Schiff, Ron Paul, Jim Rogers, Tom Woods, Gerald Celente, and others. Prepare now before the US dollar is worthless.

BIS Sees Risk Central Banks Will Raise Interest Rates Too Late The Bank for International Settlements said there’s a risk central banks will raise interest rates and withdraw emergency liquidity too late, triggering inflation.

RED ALERT: The Total Takeover Of America Enters Its Final Phase The wholesale looting of America and the transfer of wealth and power over to a private banking elite who are setting up a world government, along with the complete obliteration of any remaining freedom to protest, resist, or even speak out against this agenda, is now entering its final phase as numerous different pieces of the jigsaw puzzle fall into place and portray a clear picture of tyranny.

Brookings Publication mentions possibility of ‘Horrific Provocation’ to Trigger Iran Invasion In a recent policy paper published by the influential Brookings Institute, the authors propose almost anything to guarantee dominance of Persia by the new world order, including bribery, lying, cheating and mass murdering by an all-out military assault of Iran.

More Obama Lies: Signing Statement on $106B War Bill President Obama signed the $106 billion war-spending bill into law Friday, but not without taking a page from his predecessor and ignoring a few elements in the legislation.

US, Israel behind Iran vote-rigging rumors: Ejei Iran’s Intelligence Minister has dismissed claims of vote-rigging in the presidential election, blaming the US and Israel for the spread of such rumors among the people.

RED ALERT: The Total Takeover Of America Enters Its Final Phase Paul Joseph Watson | Full frontal assault on every aspect of freedom kicks into high gear as the elite twist the knife into the rotting carcass of the United States.

Buchanan: Climate Bill Is Transfer Of Wealth To World Government Paul Joseph Watson| Former presidential advisor slams fearmongering that led to passage of nightmare legislation.

Deficit forces California to issue IOUs...

Shanghai activists 'save cats from being eaten' What a primitive, worthless, uncivilized and oppressive/repressive country china is. No wonder (kindred) america transferred their economic future to this dirty, polluted country, china, where if not for slave/prison labor they would have no workforce at all and certainly not one of paying but a few cents per hour…”their competitive edge”… Their products like america’s are junk and inferior in every way except price which reflects as well their worth… -0-. … "There is no law in China saying cats cannot be eaten," police officer Ma Yong was quoted as saying. "Cats are not a protected animal." Yang, who has traded cats for a decade, bought the animals from so-called hunters who trapped the cats in residential areas at night, the report said. Police could not charge him with possessing stolen property because, unlike dogs, a licence is not required for owning a cat in Shanghai, making ownership impossible to prove, the report said. Eating cat meat is a tradition in many parts of China, especially in southern regions, where some restaurants specialize in preparing the dishes, according to Chinese media reports.

DRUDGEREPORT: Second autopsy completed at the request of Jackson's family...
Los Angeles Prepares for Massive Memorial Service...
Doctor hires an attorney...
Was taking up to 3 powerful narcotic pain relievers at same time... Developing...
PLOT THICKENS: Police focus on medical treatment...
A LETHAL JAB: 'Collapsed after an injection of potent Demerol'...
WEEKS AWAY FROM LONDON 'COMEBACK'...
Paramedics spent 42 minutes trying to resuscitate...
'Was home alone for some time before help arrived'...
JACKSON FAMILY SPOKESMAN: 'EVERYONE AROUND HIM WAS ENABLING HIM, ABUSE OF PRESCRIPTION DRUGS'... WIRE... FINAL PHOTO...
JACKSON 'WAS UNABLE TO SING'

'I'm better off dead. I'm done': How Michael Jackson predicted his death six months ago By Ian Halperin
Last updated at 2:08 AM on 28th June 2009

Genetic condition had ruined his lungs and left him unable to sing
He became so skeletal, doctors believed he was anorexic
He had nightmares about being murdered – and wanted to die
He used swine flu as an excuse to avoid coming to England
He thought he was agreeing to 10 concerts – it was 50

JACKSON 'WAS UNABLE TO SING'...
Grief turns to anger for fans...
NANNY REVEALS TRAGIC SECRET: 'I had to pump his stomach many times'...

`California set to issue IOUs as fiscal crisis weighs...`
`State shutdowns loom...`

OBAMA WARNING ON SOCIAL SECURITY

TRENDSRESEARCH.COM GERALD CELENTE

Vol. XVII, No. 1

Top Trends of 2009

Winter 2009

THE COLLAPSE OF '09

The “Panic of ‘08” will be followed by “The Collapse of ‘09.” In 2008, when the world’s largest financial firms and equity markets crumbled, Wall Street’s woes preoccupied the media. In 2009, the focus will broaden to include a range of calamities that will leave no sector unscathed.....

THE REVOLUTION

It’s unprecedented. There is nothing like it in the history of the United States. No week goes by without the Government buying into or buying up another failing “too big to fail” using taxpayer money. In the process, a super-race of corporate giants is being created that will be declared “too big to tumble.” It is a matter of historical fact: When people are homeless, helpless, desperate, jobless and hungry, sooner or later they will rebel. And it won’t be any different in America.....

ECONOMIC SLIM-FAST

Like it or not, Americans are going on a diet: a spending diet and a food diet. Staying fit and living frugally was a mainstay of pre-World War II America, and it will be a major defining trend of 21st century America.....

LITTLE PEOPLE SQUEEZE

To keep local, state and federal governments running, and to finance stimulus packages and bailout programs, politicians will put the squeeze on the already squeezed. The biggest squeeze: property taxes. Historically, empires crash when taxes are raised beyond the capacity to pay.....

REGENERATIVE MEDICINE

The signs are clear that the time is ripe for stem cells to start coming out of the laboratory and into the clinic, to make the leap from theoretical to practical, from promise to product. The breathtaking promise, the wild hype, and the raging controversy has turned stem cell research into a political lightning rod, a scientific holy grail, and the last best hope for millions of people with otherwise untreatable diseases.....

THE GREATEST DEPRESSION

While we alone predicted the “Panic of ’08” (and even took out the domain name “Panicof08.com” on November 7, 2007), we are not alone in predicting a Depression. The “D” word is being uttered – in some cases by those who have the most to lose and whose best interests are not served by spreading gloom and doom.....

OBAMARAMA

Setting aside the only major question that remains unanswered (when, or if, Obama makes Supreme Court selections, will they reflect the liberal beliefs of his supporters?), we see nothing coming from his administration that can prevent The Collapse of ’09, the Greatest Depression or the brewing Revolution. From these macro-developments, a number of other significant trends — some promising, some foreboding — will emerge, accelerate and intensify.....

BUSH GARDENS

To cope with food shortages and food rationing during World War II, masses of people planted “Victory Gardens.” As America moves into the Greatest Depression, the need to put food on the table will again oblige people to grow their own.....

WHOLE HEALTH HEALING

Just as Greatest Depression economic conditions cannot be cured with financial stimulus pills or monetary painkillers, so too chronic degenerative disease cannot be cured by silver bullet drug therapies or through the magic of medical doctors. The philosophy and practice of Whole Health Healing, a first line of defense, requires that the individual responsibility for achieving and maintaining health.....

THAT'S ENTERTAINMENT

During the grim times of the Great Depression, arts and entertainment flourished, and with the repeal of Prohibition the good times rolled … and they’ll roll again. Lifting spirits, and drinking them, will be big businesses and major pastimes for both down-and-outs and the Uptown crowd during the Greatest Depression.....

COLLEGE CRASH

As the economy and the country unravel — closely following our forecast schedule — there is not a single major mitigating factor to forestall, much less reverse the process. Following the commercial real estate and retail cave-ins: College. Most will downsize, many will fail.....

WHAT DO THE TOP FINANCIAL ADVISORS SUGGEST FOR 2009?

George Washington’s Blog
Wednesday, Jan 7, 2008

Here’s a round up of what some of the top investment advisors who predicted the financial crisis are suggesting for 2009:

PhD economist Marc Faber suggests buying gold (and gold miners), silver, platinum, and industrial commodities, massively shorting long-term treasuries at the appropriate time, and - if one wants to buy stocks - to buy some resource company stocks such as Freeport McMoran, and some Asian stocks (but selling out of stocks at the top of the bear rally).

Jim Rogers likes agricultural and oil stocks.

Fund manager Peter Schiff thinks gold will go through the roof as runaway inflation kicks in and - as usual - urges people to buy stocks in solid, dividend-paying companies in Europe and Asia.

PhD economist Gary Schilling suggests the following:

1. Sell homebuilder stocks and bonds.

2. If you plan to sell your house, second home or investment houses anytime soon, do so yesterday.

3. Sell some housing-related stocks.

4. Sell some consumer discretionary spending companies.

5. Sell most commercial real estate.

6. Sell some commodities.

7. Sell emerging market equities.

8. Sell emerging market debt.

9. Buy the dollar.

10. Sell stocks in general. (S&P 500 to 600)

11. Sell consumer lenders’ equities.

12. Buy, carefully, high-grade bonds.

And its always worthwhile to look at what Mish is thinking.

Economy in grip of recession, reports show 1-6-08

Stocks end higher on hopes for economic rebound

Alcoa to cut 13 pct of global work force

The Secular Bear Market Continues

Willem Buiter warns of massive dollar collapse

Bank Of England Policymaker Predicts Unprecedented Dollar Collapse Steve Watson | Warns that within five years global dumping of dollar assets could be complete.

Value of 2008 Bailouts Exceeds Combined Costs of All Major U.S. Wars CNSNews | The total value of the bailouts undertaken by the federal government in 2008 now exceeds the combined cost of every major war the United States has ever engaged in.

Willem Buiter warns of massive dollar collapse Telegraph | The long-held assumption that US assets — particularly government bonds — are a safe haven will soon be overturned as investors lose their patience with the world’s biggest economy, according to Willem Buiter.

`Obama: Trillion-Dollar Deficits to Last...`
`...for years`

Unconventional Weapons against The People of Gaza Akram al-Sattari | The attack against Gaza is a carefully planned humanitarian catastrophe. How can anybody in their right mind support the actions of the Israeli government?

Israel Bombs Palestinian School, Kills 30 BBC | At least 30 people were killed and 55 injured when Israeli artillery shells landed outside a United Nations-run school in Gaza, UN officials have said.

Gaza’s worsening nightmare AlArab Online | The shelling is incessant, hospitals are overwhelmed, children are shell-shocked, the Gaza nights are miserably cold in the windowless homes. And residents fear their nightmare could worsen.

Remember that Britain’s SAS trained the Khmer Rouge At a time when the USA is supporting Israel’s actions in Palestine, we should remember that the USA and UK supported Pol Pot and his murderous Khmer Rouge.

CIA Preparing To Install Military Government In Greece?

Norwegian doctor: Israel intentionally targeting civilians Mads Gilbert, a Norwegian doctor working in Gaza, told Sky News on Monday that that he believes Israel is deliberately attacking the Palestinian population, not just targeting Hamas as Israeli authorities have said numerous times

The Gaza Bloodbath

Israel’s slaughter of innocent Palestinians is morally outrageous

Massacre at refugee shelter

Israeli terror in Gaza overshadows US-Gulf forum

`Al-Qaida No. 2 blames Obama for Gaza fight...`

UN SCHOOL HORROR IN GAZA; TANK FIRE KILLS DOZENS...

Car sales plunge heralding bleak 2009 1-5-09

Stocks slip on telecom and financials; Apple jumps on ‘jobs alive’ news…riiiiight!

Obama plunges into econ talks, borrows a page from bush economic strategy of spending money you don’t have and cutting taxes, and predicts approval

Consumer bankruptcies jumped 33% in 2008 and much worse expected in 2009 including commercial bankruptcies far greater and larger than in 2008

Will We Have a Good 2009? Not If History Is Any Guide

[$$] Don't Get Too Happy About the New Year
Some reality: After a short modest rally in the stock markets, lasting at best if at all, 1 to 4 months after Obama is inaugurated as President, people will realize that Obama’s stimulus plan isn’t going to work. Specifically, it will become obvious that we’re in a Great Depression, and that nothing that Bushco or Obamaco did can get us out of it (it may take a while longer for people to realize that what both administrations did actually made the financial crisis much worse).
Check This Graph-Proof we are going into a Great Depression. Notice MASSIVE job losses. Is there really any doubt any longer?

Israeli terror unleashed

Gaza hospital overwhelmed by dead, wounded (AP)

Fighting rages in Gaza as International war criminal nation israel spurns truce calls and should be sanctioned for their terrorism (AFP)

Diplomats seek truce as Gaza's civilian toll(over 25%) rises (AP)

UN contradicts Israel over depth of crisis in Gaza (AP) america/israel 21st century terrorists/nazis

Olmert rebuffs Sarkozy call for Gaza ceasefire (AFP)

Israel Using Depleted Uranium Against Gaza Victims Paul Joseph Watson | More evidence of war crimes being committed.

Financial Ruin and War For All Who Oppose The Rulers of the Economy Bob Chapman | The Quadrillion Dollar Derivative Death-Star is a world-class disaster made possible by the same group of deregulatory Clintonites who now infest Comrade Obama’s Cabinet.

Engines of Recovery Flame Out as Economy Seeks Obama-Fed Rescue Bloomberg | The engines that have lifted the U.S. economy out of every recession since World War II will be of little help this time around.

2009 is Going To Be a Bumpy Ride
George Washington’s Blog January 5, 2009
Here are my predictions for 2009. If these predictions sound too gloomy and you don’t buy them, bookmark this, and come back to it later in the year to see whether or not it was right.

After a short rally in the stock markets, lasting somewhere on the order of 1 to 4 months after Obama is inaugurated as President, people will realize that Obama’s stimulus plan isn’t going to work. Specifically, it will become obvious that we’re in a Great Depression, and that nothing that Bushco or Obamaco did can get us out of it (it may take a while longer for people to realize that what both administrations did actually made the financial crisis much worse). At that point, the stock market will crash like a waterfall. Mish thinks the crash will leave the S&P at 600. Robert McHugh thinks the crash will drive the S&P to 500 or lower (in McHugh’s worst-case scenario, the S&P could end up at 50). At around the time of the crash, the bubble in long-term treasuries will burst. Retirees and other people who have socked away their money in treasuries will get hit hard. The government itself will start massively buying its own long-term treasuries. Obama will institute numerous "emergency measures" to "restore stability". None of them will be pretty, and none of them will work . . . except to undermine our liberties still further. Its going to be a very bumpy ride.

OIC slams world silence on Gaza bloodbath

ISRAELI TANKS AND TROOPS LAUNCH ATTACK ON GAZA... 'Lengthy operation': Israeli official...
THOUSANDS OF RESERVISTS CALLED UP...
EU president: Israel ground op in Gaza IS offensive...
Schwarzenegger’s a dummy who really possesses no analytical skills whatsoever (probably roid brain damage) and is done: No nation has right to starve people in land they invaded (and blockaded) violating international law and created the very scenario they now use to buttress their killing of innocent children, women, and men... Then there’s also little tony villar, former gang member who changed his name, failed the bar exam 4 times, also a land of fruits and nuts dummy who embraces war criminal nation israel for lost angeles politics sake and yes…he’s lost angeles mayor, little tony ‘mecha man’ villargairosa.
FRANCE, LONE EUROPEAN VOICE OF REASON, CONDEMNS...

Israel Using america-funded Depleted Uranium Against Gaza Victims Medics have found traces of depleted uranium in victims of Israel’s brutal attack on Gaza, according to a Press TV report, meaning the ultimate death toll could be far higher as future generations are plagued by cancers and birth defects. Israel rains fire on Gaza with america-funded phosphorus shells - israel is using controversial white phosphorus shells to screen its assault on the heavily populated Gaza Strip yesterday.

Israeli forces kill five Palestinian children in Gaza

Top 5 Lies About Israel’s Assault on Gaza The Gaza Strip is one of the most densely populated pieces of property in the world. The presence of militants within a civilian population does not, under international law, deprive that population of their protected status, and hence any assault upon that population under the guise of targeting militants is, in fact, a war crime.

Israel rejects truce monitors

Kingdom denounces silence — Palestinian factions asked to unite JEDDAH: Saudi Arabia yesterday denounced the silence of the international community over the ferocious Israeli war on unarmed Palestinians in Gaza and the collective punishment inflicted on the inhabitants...
Foreign journalists barred from Gaza
`Bodies of Hamas leader's children paraded...`
`WIRE...`
`PHOTOS...`
`Obama, Looking More And More Like A Pre-Election Jive-Talker, Silent on war crimes by america funded israelis...`

DONOR AIDED BY SEN. CLINTON ALSO GAVE TO CLINTON CHARITY...

Victims with a legitimate grievance

Gaza: Never-ending tragedy

Civilians bear brunt of attack GAZA CITY: Dozens of civilians were killed yesterday as the Israeli war machine rolled on in the Gaza Strip.

RAIN OF FIRE ON GAZA...
ISRAELI TANKS, TROOPS SLICE THROUGH CITY... At least three children were among a dozen Palestinian civilians killed on Monday as Israeli troops pressed home a ground assault
PAPER: 'Obama's silence is damaging'...

journalists prevented from Arab free press forum
Authorities in Saudi Arabia, Syria and Tunisia prevented four Arab journalists and human rights activists from attending the Arab Free Press Forum, an annual gathering in Beirut, Lebanon organised by the World Association of Newspapers (WAN) and "An-Nahar" newspaper.
Regional, Politics, 12/24/2008
British minister describes Israeli settlements as tyranny
British Foreign Office Minister for the Middle East Bill Rammell toured the southern West Bank city of Hebron on Monday and called for removal of illegal Israeli settlements in the city.
Palestine-Israel-UK, Politics, 12/24/2008
No supplies enter Gaza
due to the shortage of wheat grain, all Gaza mills have been shut down, and more than half of Gaza's 47 bread bakeries have had to close.
Palestine-Israel, Politics, 12/24/2008
Israeli forces arrests Neta Golan, co-founder of ISM
Neta Golan, an Israeli citizen and co-founder of the International Solidarity Movement (ISM), has been arrested by Israeli police while attempting to leave the Gaza Strip through the Beit Hanoun (Erez) crossing.
Palestine-Israel, Politics, 12/24/2008
UN recognizes end of mandate of multinational force in Iraq - Yahoo! News
Iraq-UN, Politics, 12/24/2008
Official Report Faults Iraq Reconstruction - WashingtonPost.com
Iraq-USA, Politics, 12/24/2008
Iraq says power grid not fully restored until 2011 - Yahoo! News
Iraq, Politics, 12/24/2008
The Saturday Profile: Once a Political Riser, an Israeli Challenges His Country’s Identity - NY Times
Palestine-Israel, Politics, 12/24/2008
Hamas: Gaza will become 'cemetery' for Israeli army...
Bethlehem adapts to life in shadow of Israeli wall - WashingtonPost.com
Palestine-Israel, Politics, 12/24/2008
U.N. Rights Investigator Expelled by Israel - NY Times
Palestine-Israel-UN, Politics, 12/24/2008

2008NEWS

Top 2008 Predictions! Ask an Analyst! You Get This! The Coming Depression

Neocon Mental Case Bolton Has Wet Dream and Says Gaza Conflict May Result in U.S. Attack on Iran

Why should we bail out US automobile industry JEDDAH: According to reports published in Al-Seyassah, a Kuwaiti newspaper, and some other Gulf newspapers, the United States has asked four Gulf states for financial aid close to $300 billion to face...They’d be the dumbest people in the world to do so…war criminal americans who fund and support war criminal allies the war criminal israelis

‘Israeli assault of Gaza empowers Hamas objective’

The Manipulation of Gold and Silver Prices

Cynthia McKinney on CNN via YouTube - Speaks about USS Liberty

‘Key Ally In The War On Terror’ Breaks With U.S., Condemns Israel For Gaza Strikes

Israeli airstrikes kill 363 in four-day campaign in Gaza

Dollar Heads for Biggest Annual Drop Against Yen in Two Decades

Crude Oil Rises After Israeli Attacks on Gaza Roil Middle East

Poll: 75% glad Bush is done

Analyst: One Third Of Banks To Collapse In 2009
U.S. Economy: Home Prices Fall At Depression Pace

Recession/depression deepens, countries boost spending

New York University sues fund executive over Madoff

Wall St Santa rally small comfort after grim year; S&P set to end year down 40%...

Consumers cut spending, job outlook bleak

Borrowing from Peter to Pay Paul: The Wall Street Ponzi Scheme Called Fractional Reserve Banking

Half of middle class home owners realistically fear their properties could be repossessed next year

Almost one in 10 Floridians are on food stamps

Online holiday sales fall 3 percent

Madoff liquidation trustee receives $28M for costs (AP)

Charlotte, NC, home values post record decline (AP)

Wrong Great Depression Lessons Will Haunt Equities in 2009

73,000 retailers to close in first half of 2009, Stocks Rally Bloomberg | U.S. retailers face a wave of store closings, bankruptcies and takeovers starting next month as holiday sales are shaping up to be the worst in 40 years There’s No Pain-Free Cure for Recession/Depression

Schiff: Government Interference Only Makes The Problem Worse Paul Joseph Watson | Establishment talking heads still pushing useless and destructive bailout.

A Ponzi Scheme Within A Ponzi Scheme Bob Chapman | Dwarfing the Madoff Ponzi scheme is the Social Security Ponzi scheme that has been looted (the iou’s) and is hopelessly insolvent.

Corporate Media Notices War College Report on Economic Crisis Kurt Nimmo | It took a while for them to come around, but the corporate media has finally taken note of the U.S. Army War College report predicting civil unrest due to the private bank engineered economic crisis.

As if Things Weren’t Bad Enough, Professor Correctly Predicts End of U.S. Wall Street Journal | A polite and cheerful man with a buzz cut, Mr. Panarin insists he does not dislike Americans. But he warns that the outlook for them is dire.

CAIR says Israel has turned Gaza into a giant jail

No evidence to convict 10,000 detainees– U.S. commander

Editorial: Dismal lack of willpower The relatively muted response from the capitals of the Western world over the conflict in Gaza is a sad testament to a kind of collective failure of the will and imagination on all our parts, commented…

israeli rabid rabbis: Thou shalt kill civilians, the story of the self-destructive Christ-killing jews who through avarice, bloodthirst, and pure evil continue their fraud, murdering, plundering, stealing, corruption, etc., until fed up, people react in a drastic but effective and if you believe in the israeli eye-for-eye prescription, just way. Simply stated, israelis are 21st Century Nazis Press TV | Four leading Israeli rabbis have sanctioned the murder of civilian population in the Gaza Strip amid the Israeli massacre in the region.
BBC Video on Dignity, Gaza-bound Humanitarian Ship Rammed by Israelis BBC | An Israeli foreign ministry spokesman admitted there was “physical contact” with the boat but the Free Gaza Movement claims the boat was rammed.

Slaughter in Gaza: Another Chapter in the Global Master Plan

Israel warns america-funded Gaza blitz could last weeks

Kucinich: UN should investigate Israeli Gaza strikes

Obama adviser preposterously aligns with White House in criticism of rocket attacks on israel

israel: Don’t even speak about peace israel’s envoy to the United Nations says that there will be no negotiations about peace, as Tel Aviv attacks Gazan civilians for a third day leaving the complete elimination of Israel as the rational, civilized solution.

`BLAGO STRIKES BACK!`

`RNC accuses Bush of going socialist...`

`Iran sets up court to try Israelis...`
`Widening range, rockets hit kindergarten...`
`Israeli army launches YOUTUBE channel...`
`Cynthia McKinney 'relief boat' rammed by Israeli navy...`

Bankruptcies, Store Closings Loom at Retailers Amid Holiday Debacle...
CHANEL lays off staff as crunch hits lux brands...

Pros Say: Employment Collapse is Coming

Holiday Sales Slump to Force U.S. Store Closings, Bankruptcies

Manufacturing, Home Prices Sank: U.S. Economy Preview

israel declares 'all-out war'

US dumb bomb comes handy

Don’t fall for Israeli propaganda ONCE again Israel seeks to defend the indefensible in an attempt to cloak its crimes against humanity with the mantle of self-defense. As its American-manufactured bombs and missiles pound a virtually unarmed starving population, Israeli officials appear on just about every satellite news network singing from the same propagandist song sheet.

`CHINA: USA LOST STRENGTH IN 2008; RUSSIA GAINED`

`REDS: China, Russia military chiefs hold first phone call...`
`UPDATE: Professor Predicts End of USA...`

`Congress pay raise protested...`

FINAL WEEK: Wall St. faces record losses in 2008...
Sales Plummet; Discounts Don't Revive Holiday Spending; High-End Walloped...

Cash-strapped states weigh selling roads, parks (AP)

Holiday report: E-commerce dips, electronics plummet

OIC, GCC denounce massacre in Gaza

Gaza toll passes 350 in 3rd day of Israeli strikes

Israel rains death on Gaza

Israel set for ground invasion
Slaughter in Gaza: Another Chapter in the Global Elite Master Plan Kurt Nimmo | Bombing Gaza with deadly U.S. GBU-39 missiles is but a small detail in a larger plan to decimate Arab and Muslim societies.

Israel Accused Of Massive War Crime Atrocities

Israeli Troops Mass Along Border; Arab Anger Rises

World protests Israeli massacre in Gaza

Crude Oil Rises After Israeli Attacks on Gaza Roil Middle East

YouTube Places CIA Recruitment Ads on Alex Jones Search Results Kurt Nimmo | It is likely a psychological operation designed to discredit Alex Jones or a brazen attempt to recruit agents.

School Children Put in Solitary Confinement Cells, Practice Common

AIR STRIKES ON GAZA...
MORE THAN 1000 WOUNDED...
REACTION…THE REACTION SHOULD BE THE OVERWHELMING CONDEMNATION OF DEFACTO OEDIPAL EFFECT; THAT IS, ISRAEL CREATING EXACTLY WHAT THEY PURPORT TO BE DETERRING/AVOIDING/PREVENTING, A PLAY OUT OF AMERICA’S FAILED PLAYBOOK WHICH HAS BANKRUPTED THE NATION FINANCIALLY, ECONOMICALLY, AND GEOPOLITICALLY…DO THE PEACE…THEY TALK ABOUT SEPARATE STATE AND SEPARATE WOULD BE JUST FINE…BUT OF COURSE, THEY ARE NOT ABOUT PEACE AT ALL, BUT NEOCONS/ZIONISM/FOOLISHLY FLAWED STRATEGY…FORCE THE PEACE…LIKE AMERICA, THE COWARDLY MILITANT BULLY ISRAEL CHOOSES WEAKER/DEFENSELESS FOES INCLUDING INNOCENT CHILDREN, WOMEN, MEN…FORCE THE PEACE …..
Iran orders Muslims to defend Palestinians...
Islamic university bombed...
100 targets....
Escalate?
Israeli troops mobilize...
Fear of rockets sends hospital underground...
London: Violent protesters 'try to force their way in' to Embassy...

Israel mounts third day of Gaza raids, 307 killed

AIR STRIKES ON GAZA...
MORE THAN 700 WOUNDED...
REACTION...
Arab world slams Israel...
Mosque hit...
100 targets....
Panic...
Escalate?
Israel reinforces troops at border...

Russia braced for unrest; Moscow continues rouble devaluations...

Holiday Sales Tumble as US Consumers Reduce Luxury Purchases

Bleak economic picture emerges from new data

Retail Sales Plummet

Holiday Sales Tumble as US Consumers Reduce Luxury Purchases

Bleak economic picture emerges from new data

Wages, It all gets down to wages

Conflict Between Pakistan and India: Realizing RAND’s Plan for World War Three. Could people be so stupid as to be so self-destructively duped? Lamentably the answer is yes.

Israel attacks Gaza, more than 155 reported killed

Barack Obama: The Naked Emperor Shocking but true revelations from David Icke (a must read) | Vast numbers of people across the world, including many who should know better, have been duped by the mind-game called Operation Obama.…. (excerpts) Obama has been the chosen one for a long time, a fact known only to a few in the deep inner circle, and his relationship with Brzezinski almost certainly goes back to the start of the 1980s when he attended the Ivy League, and big-time Illuminati, Columbia University where Brzezinski was head of the Institute for Communist Affairs. Obama simply will not talk in any detail about this period. He has been covertly funded and supported ever since by the Trilateral Commission and its network of foundations connecting into the Ford Foundation, for whom Obama’s mother worked. And a question: Does anyone really believe that someone, a ‘man of the people’, would simply appear from apparently nowhere to run the slickest and best-funded presidential campaign in American history? He was chosen long ago by those who wish to enslave the very people that Obama says he wants to ’set free’. The sources of Obama funding read like a Wall Street Who’s Who - Goldman Sachs, UBS, Citigroup, Credit Suisse, Deutsche Bank, J.P. Morgan Chase, Morgan Stanley, and so on. No wonder he went back on his pledge to accept the limitations of public funding for his campaign and instead took the no-limit option of ‘private’ funding…Then there is the Jewish financier, George Soros, the multi-billionaire associate of Brzezinski and closely involved with the funding and marketing of Obama. Soros is a former board member of the Illuminati’s Council on Foreign Relations and funds the European Council on Foreign Relations. In short, he is a major insider… You can certainly see the Soros/Brzezinski techniques in the Obama ‘revolution’ in the United States. It was the complex and secretive network of Soros foundations and organisations, connected to the intelligence agencies of the US and Israel, that trained and funded students in the Ukraine, Georgia and elsewhere in the art of mass protest and overthrowing governments. These manufactured protests were sold to the world as ‘peoples’ revolutions’, but it just so happened that when they were over and the old regime was removed the new leaders were those waiting in the wings all along - the puppets of Soros, Brzezinski and their associated networks. Obama is just more of the same, a big smile with strings attached, and controlled completely by the Illuminati networks that chose him, trained him, sold him and provided his record funding. It was they who kept his many skeletons under wraps, like the gay sex and crack cocaine allegations of Larry Sinclair (from affidavit: 1. Who is Ron Allen that claims to be with your Presidential camp, who is alleged to claim that someone claiming to represent me called asking for $100,000, to keep me from coming forward about our (Obama and I) November 1999 encounter of sex and cocaine use?…), and they will continue to do so as long as he jumps to their bidding. Obama is just another Banksters’ moll prostituting himself for fame and power, and that’s why he supported the grotesque bail-out of the banking system and why he will always put their interests before the people. His financial advisors are straight from the Wall Street ‘A’ list, including Paul Adolph Volker (Trilateral Commission, Council on Foreign Relations, Bilderberg Group), the head of the Federal Reserve from 1979 to 1987 and Illuminati to his fingertips. Obama has made him head of the Economic Recovery Advisory Board, which is dominated by insiders, including its staff director and chief economist, Austan Goolsbee, a close Obama associate from the University of Chicago. Goolsbee is an initiate of the infamous Illuminati Skull and Bones Society at Yale University, which also includes Boy and Father Bush. It was Goolsbee who told the Canadian government not to worry about Obama’s attacks on the economic effects of ‘free trade’ agreements because his words were just to win votes in the election campaign. Another Wall Street insider, the Zionist Timothy Geithner (Bilderberg Group, Trilateral Commission, Council on Foreign Relations), was appointed by Obama to be his Treasury Secretary. Geithner was the President of the New York Federal Reserve Bank, the most powerful in the private ‘Federal’ Reserve cartel that masquerades as America’s ‘central bank’, and he is a former employee of both the Council on Foreign Relations and the appalling Kissinger Associates. Obama’s Treasury team locks into the inner circle around the Zionist Robert Rubin, the Director and Senior Counselor of Citigroup, co-chairman of the Council on Foreign Relations, and economic advisor to Obama. Rubin, a member of the Illuminati Bilderberg Group, was the man behind Citigroup’s strategy of expanding its risk in debt markets which forced it to be rescued by taxpayers’ money. The very people who caused the financial crisis are being appointed by Obama to decide how to respond to it (more taxpayers’ money for them and their friends)…

Angry Government Employees Protest Lay Offs

U.S. Army Ready If The Downturn Gets Out Of Hand

Russia to raise nuclear missile output fourfold

Russian probe accuses Georgia of genocide in conflict

Russia orders 70 strategic nuclear missiles by 2011: report

Russia, China warn of dire economic straits in 2009...
Russia to raise nuclear missile output fourfold; More tanks, ships and planes...
Beijing Considers Upgrades to Navy...

Existing home sales plunged to a rate of 4.49 million last month, down 8.6 percent from October, and worse than economists predicted. Total sales, not calculated as an annual rate, fell 17 percent in November from a year earlier to 322,000, sales of newly built homes fell 2.9 percent from October to a pace of 407,000 units, the slowest rate in nearly 18 years. Madoff investor found dead of suicide. Standard & Poor's lowered the unsecured debt rating of General Motors (GM 3.01, -0.51) to C from CC, even though the government plans to provide GM with financing and Moody's lowered Ford's (F 2.19, -0.40) credit rating to Caa3. Final third quarter GDP data showed economy contracted at an annualized rate of 0.5%, unchanged from the prior reading though personal consumption component was down 3.8%.

IMF warns of Great Depression
100% chance of depression in US
Depression Hits Detroit: Average home price $18,513 - Unemployment rate 21%
U.S. Home Resales Fall; Prices Drop by Record 13.2%
Congressman: “If We’re Not Very Lucky Or If We Don’t Do Everything Right, We Could Easily Have A Ten- Or Fifteen-Year Depression”

French Madoff investor found dead in NY office
No Christmas cheer as recession/depression gathers steam
Wall Street stumbles on economic data, retail anxiety (Reuters)
Dow falls for 5th straight session on grim data
Economy and housing sales post declines

FDNY Lieutenant Admitted Plan To ‘Take Down’ WTC 7
International criminals There is pressure building on the incoming Obama Justice Department to somehow adjudicate the war crimes committed by the George W. Bush administration, starting at the top. The political problem is that these crimes also implicate leading Democrats, thereby rendering true justice nearly impossible.

CIA warned Condi on Niger claim A high-ranking CIA official warned Condoleezza Rice in September 2002 that allegations about Iraq seeking yellowcake uranium from Niger were untrue and that she, as national security adviser, should stop President George W. Bush from citing the claim in making his case against Saddam Hussein’s regime, according to new evidence released by a House committee.

Credit crunch Britain must learn the lessons of Nazi Germany, warns Archbishop The Archbishop of Canterbury has risked new controversy after he appeared to draw parallels between Gordon Brown’s Government and the Nazis.

One-state solution gains supporters

`Obama wants Bush war team to stay...`
`...Gates to keep most Bush appointees`

`Barney Frank: Obama 'Overestimates' Ability to Charm ...`

Housing crisis worsens as economy weakens

Japan recession deepens, China cuts rates

Great Recession/Depression of 2008, et seq., Worse Than All Others

After Hours: GM, Ford ratings cut; CIT Group shares jump on more wall street bailout hype with hopes for taxpayer funds for nothing up nearly 8%

AP Impact: Wall Street still flying corporate jets; indeed, with all the bashing of auto rank and file employee pay, the reality is that american executives, among the least able, least talented in the world, along with fraudulent wall street are grossly overpaid and far exceeding that of their far more able foreign counterparts (AP)

Where'd the bailout money go? Shhhh, it's a secret (AP) AP - It's something any bank would demand to know before handing out a loan: Where's the money going? But after receiving billions in aid from U.S. taxpayers, the nation's largest banks say they can't track exactly how they're spending the money or they simply refuse to discuss it.

AP study finds $1.6B went to bailed-out bank execs

Ratings Agencies Play Reality With Multiple Downgrades in Banking Sector (at Seeking Alpha)
Archbishop warns of dangers with economic dogma...
Sees parallels in new politics and Nazi Germany...

Cheney: We Asked If We Needed Approval For Wiretapping, Congress Told Us ‘Absolutely Not’

Obama & Biden Make Big Mistake in Protecting Bush Administration Criminals

Mike Connell was warned not to fly before plane crash WMR | WMR has learned from our Ohio sources that five threats against Connell were conveyed to the election fraud plaintiff attorneys with the last tip being “Connell is in danger.”

Where’d the bailout money go? Shhhh, it’s a secret AP | After receiving billions in aid, the nation’s largest banks say they can’t track exactly how they’re spending the money or they simply refuse to discuss it.

World faces “total” financial meltdown: Bank of Spain chief AFP | The governor of the Bank of Spain issued a bleak assessment of the economic crisis, warning that the world faced a “total” financial meltdown unseen since the Great Depression.

IMF warns of ‘disturbing’ UK debt BBC | Public debt has risen to £650bn, 44.2% of UK gross domestic product. Consumer debt is more than £1.4 trillion.

Hedge funds gain access to $200bn Fed aid Financial Times | Hedge funds will be allowed to borrow from the Federal Reserve for the first time under a landmark $200bn programme intended to support consumer credit.

Obama will not prosecute Bush and Cheney for 9/11, war crimes Joseph Lopisi | Mark my words. Obama will not hold the Bush administration liable for violating the Constitution or for crimes including treason, 9/11, financial fraud, mass murder and war crimes.

US military ‘to defy’ Iraqi pact Gareth Porter | U.S. military leaders and Pentagon officials have made it clear that they plan to violate a central provision of the withdrawal agreement by reclassifying combat troops as support troops.

Madoff: “I’m very close with the regulators.”

Ex-Israeli Gen.: war criminal nation israel can’t defeat Iran

Mike Connell was warned not to fly before plane crash

Video: Crash Will be Worse than Great Depression Infowars | Interview with economist Nassim Nicholas Taleb and mathematician Dr. Mandelbrot who predict a depression far worse than anything we have ever seen.

Banks Keep Mum on What they Did with Bailout Cash

Rice: Obama will likely continue Bush’s failed approach to foreign policy despite promised change. Could he be that dumb? If so, then wobama y

Bush Insider Who Planned To Tell All Killed In Plane Crash, Non-Profit Demands Full Federal Investigation

cheney, Mr. Dead-Man-Walking, along with dumbya bush are at once the biggest jokes and the most destructive (of america and other nations, globally) purveyors of incompetence, decline, war crimes, etc., in american history and who should be in jail, is in no position to mock Biden or anyone else for that matter...

China blocks Internet access to New York Times

Senate-for-sale case threatens new chief of staff jewmanuel f

Gaza violence: israel at it again

Israel threatens major offensive against Gaza...
Egypt warns...

Closely Watched Hedge Fund Seen Cutting Back on Stocks

Get Ready to Scrimp and Save, Says Economist Shilling

Nazi Economics LewRockwell.com | Nearly every day brings new reports of the collapse of a large financial institution or the impending bankruptcy of a major company. Ron Paul: Fear Based Bailouts Constitute Economic Terrorism Steve Watson | Rep. Ron Paul has warned that fear-based politics are being used to promote the bailout culture in the same way they were used to sell the Iraq war.

He Saw the Crash Coming: What Gary Shilling Sees for 2009 Yes, he’s using the d for depression word so If video unavailable, here for avi rendering.

Rogers: The Incompetent Senile and Vegetables Have Turned A Recession Into A Depression

SCROOGE BIDEN: ECONOMY IS 'ABSOLUTELY TANKING'

SWINDLER'S LIST: Gov't Toughens Bail Conditions For Madoff...
CONGRESS GIVES ITSELF RAISE FOR JOBS POORLY DONE AND CAUSING NATIONAL AND GLOBAL DISASTER...

kissinger is Clearly Senile and Calls For New International System Out Of World Crises

Lebanon says israeli provocateurs invade Southern Lebanon and Take as hostages two
Lebanese men (AFP)

SWINDLER'S LIST: Gov't Toughens Bail Conditions For Madoff...

Anti-Semitism floods Internet...

JP Morgan CEO and Citi's Rubin won't seek bonuses; figure why press their luck/fraud/incompetence; they’ve stolen enough: report (Reuters)

A Most Desperate Move by the Fed

Dollar’s Slump Erases Months Of Solid Gains

“The Biggest Bubble Of All . . . U.S. Government Debt”

Video: Crash Will be Worse than Great Depression

U.S. Stocks Fall on Concern Fed Is Running Out of Ammunition

Career Army Officer Sues Cheney, Rumsfeld For 9/11 Complicity

Olbermann: ‘The president is just full of crap’

Book: Tenet drunkenly mocked Bush neocons, right-wing Israelis

Dick Cheney’s fantasy world

Cheney Lauds Obama Security Team; thats not a good thing

Psy-Ops in the Nick of Time

Assaults on border agents increase

PAPER: Rham Emanuel talked directly to Blago... Developing...

Pakistanis stage massive anti-US rally

Barak backs purposeful US-Iran dialogue

Gaza militants fire rockets after deadly Israeli raids (AFP)

Israel launches two more air strikes on Gaza: witnesses (AFP)

CAROLINE KENNEDY SEEKS AND SHOULD BE GRANTED CLINTON'S SENATE SEAT

Fed unleashes greatest bubble of all John Kemp | Like the sorcerer’s apprentice, Federal Reserve Chairman Ben Bernanke and his predecessor Alan Greenspan have unleashed a series of ever-larger asset bubbles they cannot control.
U.S. Records Huge Current Account Deficit
Canadian Prime Minister Stephen Harper believes a depression is COMING

Peter Schiff new VIDEO on the Coming Collapse Dec 16 We will follow in the footsteps of ARGENTINA not JAPAN.

Scholar: Cheney confessed to war crime

Russian treason bill, Neocon/bushesque and a throwback to the old failed soviet union (how regressive and pathetic), targets Kremlin critics Associated Press | New legislation backed by Putin would allow Russian authorities to label any government critic a traitor — a move that rights activists say is a chilling throwback to times of Soviet dictator Josef Stalin.

Blasts kill 18 and wound 53 in Baghdad

Swiss gold bullion in huge demand as trust in banks dives

Goldmine Sachs: Bank’s bonuses cut to a ‘mere’ £142,000 EACH Investment bank /taxpayer bailout funds recipient Goldman Sachs is to pay £4.3billion in bonuses to its City workers.

Dollar Falls Most Against Euro Since 1999 Debut on Fed’s Rate

Dollar Declines to 13-Year Low Against Yen After Fed Rate Cut

`Federal spending soars 25% -- even before bailout...`

Editorial: What ails global financial system ‘The $50 billion investment fraud to which the respected New York financier and former NASDAQ Chairman Bernard L. Madoff has allegedly confessed, may prove to be the paradigm for all that has gone wrong with the international financial system. It points up the greed, incompetence and woeful wishful thinking that have all combined to produce economic meltdown and plunge the world into recession. Most staggering is the stupidity of both regulators (and government corruption/venality vis-à-vis wall street) and professional investors in failing to spot that for at least a decade, at the heart of his hedge fund operations, Madoff was running a pyramid scheme. This relied on new investment funds to pay out market-beating returns to existing investors…..’ This is wall street every day with their eating away at other peoples money to the tune of hundreds of millions of dollars a day based on nothing but bull s**t and fraud!

Arizona Police Trained for Economic Civil Unrest
IMF Chief Warns Of Riots In Response To Economic Crisis

Neocon Gaffney: 4000 US Troops ‘Had To Die’ In Iraq Steve Watson | Renowned neocon says he is “delighted” the illegal invasion went ahead regardless of fabricated intelligence.

CAROLINE KENNEDY SEEKS AND SHOULD BE GRANTED CLINTON'S SENATE SEAT

Not just super rich caught up in $50B Madoff case

More banks reveal Madoff exposure
Army ‘Strategic Shock’ Report Says Troops May Be Needed To Quell U.S. Civil Unrest

Police State War Against Photojournalism

The Purpose of the Economic Meltdown Carolyn Harris | We all know economic depression here, and some of us have an inkling about what is coming.

U.S. Turns on the Printing Presses to Churn Out Worthless Weimar Dollars To Save Debtors While at the Same Time Destroy Creditors and Debtors

Federal Reserve sets stage for Weimar-style Hyperinflation , etc., so sell into these suckers bear market rallies/strength/take profits while you can since much, much worse to come. Economist Brusca “the economy is sinking fast”, FOMC states that “data indicate deteriorating labor conditions and declining consumer spending, business investment, and industrial production, and the outlook for economic activity has weakened further”, F. William Engdahl “The US economy is in a depression free-fall of a scale not seen since the 1930’s”, BILLIONS VANISH IN EPIC HEDGE FUND FRAUD Downturn Spurs “Survival Panic” for Some in the U.S.

Treasury Bills Trade at Negative Rates

Is the Fed Taking the First Steps to Selective Default and Devaluation? ABOLISH THE FED; THEY’RE PROVEN F**K UPS! Jesse’s Cafe Americain | The Fed is asking Congress about permission to issue their own debt directly, not tied to Treasuries. Fed Hides Destination Of $2 Trillion In Bailout Money

Obama Lies About Meeting Blagojevich

Countdown: Comment on the Bush Legacy Keith debunks the talking points memo put out by the Bush administration trying to rewrite his legacy of abject failure.

Real Cost Of Bailout So Far: ~~$5 TRILLION~~ - ~~$7.4 TRILLION~~ - $8.5 TRILLION!

Wall Street stung by risk-aversion and realistically bleak outlooks

Point of no return: Interest on T-bills hits zero

Tightening Budgets Mean a Rough Ride for IT

Economic crisis: US, China and the coming monetary storm

FIRST TIME: Treasury Bills Trade at Negative Rates...

Tortured Patsies “Confess” To 9/11 Paul Joseph Watson | And it has nothing to do with the waterboarding, cattle prods or sleep deprivation — they just wanted to get it off their chest.

Blagojevich Arrested On Corruption Charges After Going Up Against Bank of America

Zbigniew Brzezinski: Israel’s push for Iran strike may hurt U.S. ties Haaretz | Zbigniew Brzezinski, former national security adviser to Carter, told Haaretz that Israel will do harm to its relations with the U.S. if it insists on lobbying Washington for an American military strike on Iran.

Illinois Governor Arrested By Federal Agents...
Probe widens to vacant senate seat...

'A fu**ing valuable thing, you just don't give it away for nothing'...

'The breadth of corruption laid out in these charges is staggering'...

CROOK COUNTY

US Depression Likely -The Truth Is Here

Coming soon to U.S., 1 million jobs lost every month: Report

America Has No Means to Recover from a Depression Dustin Ensinger | Economist Peter Morici, a professor at the University of Maryland, said the job loss experienced in November “was much worse than was expected … The threat of a widespread depression is now real and present.”

Unemployed and hungry in the U.S.

Feeble-minded feds Could Take Stakes in Big 3... N A T I O N A L I Z A T I O N 'And now for a world government'...

'IT'S GOING TO GET WORSE'

NEWS IS BROKE: TRIBUNE, Others Prepare for Bankruptcy Filings...

NEWS IS BROKE: NYT MORTGAGES HQ IN CASH CRUNCH...
TRIBUNE FILES FOR BANKRUPTCY...
ZELL MEMO...
ZUCKER: NBC MAY SCALE DOWN PROGRAMMING HOURS...

Bag the Failed fed!

Filibuster Al Qaeda Founder Robert Gates Webster Griffin Tarpley | The nomination of Robert Gates to be Secretary of Defense must be rejected. Gates is deeply implicated in three decades of crimes by the intelligence community.

Former ISI Chief: Mumbai And 9/11 Both “Inside Jobs”

Bush Regime Declares Itself Above the Law The US government does not have a monopoly on hypocrisy, but no other government can match the hypocrisy of the US government.

New York governor shock: 'Once you go black, you don't go back'… I don’t think so!…..

Clinton builds loyalist empire

Israel's West Bank system like apartheid: rights group (AFP)

Jewish settlers set fire to Palestinian home (Reuters)

Israeli cops block aid boat bound for Gaza

‘Mossad fails in top anti-Iran agenda’

Chinese whistleblowers 'sent to mental wards'...

Don't Buy the 'Stocks Are Cheap' Hype: Weak Earnings Means a 'Washout' in '09 Mauldin predicts valuations will eventually fall to record low levels — meaning low single-digits price-to-earnings ratios… This is going to be a longer recession we've had in a long time [and] earnings are going to be impacted a lot more than people are currently thinking…..

3 Tell Tale Signs Of This Sucker Rally

Half-million jobs vanish as economy deteriorates (AP)

Job losses worst since 1974 Employers cut 533K jobs in Nov., most in 34 years

Late mortgage payments and foreclosures hit record

1 in 10 homeowners behind on mortgage payments, or in foreclosure...

Wall St financiers party like there's no tomorrow -- literally

Obama Doesn’t Plan to End Occupation of Iraq The New York Times is reporting about an “apparent evolution” in president-elect Barack Obama’s thinking on Iraq, citing his recent statements about his plan to keep a “residual force” in the country, despite campaign promises that helped get him elected to the contrary.

Bush reported to be drinking heavily With less than two months remaining in office, George W. Bush, witnessing a devastating defeat for the Republican Party, worse favorability ratings than those of Richard Nixon at the height of the Watergate scandal, and the most devastating economic situation since the Great Depression, is reported by a number of well-placed sources in Washington as drinking heavily.

Employers shedding jobs as recession deepens

AP IMPACT: Some bailout holdings down $9 billion

Governments brace for long crisis ahead

High inventory is killing home builders; industry asks for help

It's Not a Great Time to Get Into Stocks

Long Term Investors Should Avoid Leveraged ETFs

Fixing the Enron Economy

US FEDERAL RESERVE to buy US DEBT? WITH WHAT?

Prepare For Depression Level Unemployment

Record number of Americans using food stamps: report

Whether We End Up Paying For It Through Taxes Or Hyperinflation, It Will Still Come Out Of Our Pockets

Corporate Debt Protection Costs Climb Amid Depression Concern

Shoppers ready to call it quits MarketWatch | More than one-third of consumers chose not to shop at all last month, except on Black Friday, according to Britt Beemer of America’s Research Group.

Lawsuit claims Citigroup was running a “quasi-Ponzi scheme” Bloomberg | Citigroup Inc., the second-biggest U.S. bank by assets, was accused in a lawsuit of repackaging unmarketable collateralized debt obligations it held and re-selling them to itself in order to hide its exposure to the securities. Where are the criminal prosecutions and disgorgement?

Flashback: U.S. Counterinsurgency Manual Leaked, Calls for False Flag Operations, Suspension of Human Rights

Leaked Memos Reveal Holder’s Involvement In OKC Murder Cover-Up

The World View: U.S. ‘infected’ the world with the crisis – Putin

CNN Censors Sound Critique of Federal Reserve?

Pentagon: Obama to fire majority of 600 Bush appointees…A wise move!..

St. Louis City Leader Says Police Ineffective to Stem Rising Crime, Tells Residents to Get Armed

CFR-Brookings to Dominate Obama “Strategy” Kurt Nimmo | Meet the new boss, same as the old boss — and that boss is the Council on Foreign Relations.

A Bleak Outlook: Nov. Job Loss, Economic Weakness Housing Wire | Private sector employment decreased by 250,000 in November, according to a monthly National Employment Report released Wednesday by Automatic Data Processing Inc.

US, China currency clash over worthless american currency...

IT SEEMS ALMOST TOO INCREDIBLE FOR WORDS THAT BUSH MAN JEB BUSH LEAGUE OF CRIMINALS IS TALKING ABOUT RUNNING WHEN PRIOR SIMILARLY TALENTLESS BUSHES HAVE LITERALLY LEFT THIS AND OTHER NATIONS IN SHAMBLES (LOOK AT FLORIDA). CAN FLORIDIANS PARTICULARLY AND AMERICANS GENERALLY BE SO INCREDIBLY STUPID? THE ANSWER, SADLY, IS QUITE POSSIBLY INASMUCH AS OUTRAGE SHOULD BE THE APPROPRIATE RESPONSE. INDEED, SOUND MANAGEMENT PRINCIPLES WARRANTING A CLEAN SWEEP FOR THE INCOMING ADMINISTRATION SEEM TO HAVE BEEN TOTALLY IGNORED WHICH DOES NOT AUGUR WELL FOR THE ALREADY DISMAL FUTURE IN STORE FOR THE NATION. PARTICULARLY TROUBLING IS THE CLINTON APPOINTMENT IN LIGHT OF THEIR SQUANDERING THE PEACE DIVIDEND FOLLOWING THE END OF THE COLD WAR, FURTHER DECIMATED BY MORON WAR CRIMINAL BUSH, AND CLINTONS’ ROLE IN NAFTA, ‘UNPROTECTED’ PHONE (WHAT A PERVERT) AND OTHER SEX IN THE WHITE HOUSE, DEALS, CRIMES, ETC.. HOWEVER, TRUTH BE TOLD, HAVING DONE MY COLLEGIATE EDUCATION IN NEW YORK (BS, MBA, JD) I DO SHARE THE PREPONDERANT NEW YORK VIEW VIS-À-VIS THE CLINTONS; VIZ., GOOD RIDDANCE.

GM, Chrysler considering bankruptcy to get bailout: report

Stocks irrationally finish higher despite dismal economic data to keep fraud ball rolling and suckers sucked in (AP)

Meredith Whitney Sees Plenty of Pain Ahead for Consumers (at BusinessWeek)

Desperate Times, Desperate Policies )

61% oppose auto bailout CNNMoney | Survey shows that Americans think federal aid for the Big Three is unfair and won’t help the economy.

Credit Suisse posts $2.5 billion loss

Pakistani Security Consultant Calls Mumbai Attacks A “Botched” False Flag Steve Watson | Says Hindu zionists and Mossad behind attacks meant to imitate 9/11. Hemant Karkare - False Flag Investigator Killed in Mumbai Attack Homeland Security Council Warns of Preposterous Anthrax Attack Kurt Nimmo | An anthrax attack scenario envisioned by the Homeland Security Council is nothing but a transparent scare tactic. 100 nations sign treaty banning cluster bombs, US refuses

Libya complains of Israeli high sea 'piracy' to UN council (AFP)

November US auto sales drop to 26-year low

Fed said owing to things being so bad and strains in the financial markets it will extend three liquidity facilities through April 30, 2009, as they keep printing/creating more worthless Weimar dollars and spending money the government doesn’t really have.
US manufacturing hits 26-year low: ISM
November sales fall despite Friday's liquidation sale buying

GAO finds 'critical issues' in US Treasury's financial bailout

Auto sales plunge, slowdown spreads (Reuters)

The Cost of Hegemony is Beyond Reach Paul Craig Roberts | The “peace dividend” that the Reagan-Gorbachev accord provided has been squandered by an arrogant American government seeking world hegemony.
Alex Jones on Coast to Coast AM: Domestic Security Force
U.S. bailout monitor sees lack of a coherent plan International Herald Tribune | The head of a new congressional panel set up to monitor the gigantic U.S. government bailout says the government still does not seem to have a coherent strategy for easing the financial crisis, despite the billions it has already spent in that effort.

Data signal deep global downturn Financial Times | Evidence of a global slide towards a deep recession mounted on Monday with severe strain reported by manufacturing companies around the world, large falls in car sales across Europe and bad construction figures in the US.
Auditors Fault Oversight of Bailout Funds...
Governors to Seek Up to $100B in Social Aid...
Feds to expand rescue; reviewing applications from 'hundreds of banks'...
FDIC head: Gov't plan needs 'exit strategy'...
Metal prices fall further than during Great Depression...

Dow plunges on news recession began in Dec. 2007 (AP)
Down we go again: Fourth-worst drop ever for Dow

Recession declared; Wall Street tanks

JPMorgan cutting 9,200 jobs at Washington Mutual

Official Recession Drags Down ETFs

These Mutual Funds Are the Real Turkeys

Where Did the Fed’s Bailout Money Really Go? Chart Shows Illegal Money Trail

Fourth-worst drop ever for Dow Associated Press | The stock market suffered one of its worst days since the financial meltdown Monday, slicing 680 points off the Dow Jones industrial average as Wall Street snapped out of its daydream of a rally and once again faced the harsh reality of a recession.

Report Concludes Recession Began A Year Ago Steve Watson | But the White House and the corporate media consistently continued to state otherwise.
It’s a depression

Another Russian “expert” claims the US will break apart

Washington Post: 20,000 More U.S. Troops To Be Deployed For “Domestic Security” Paul Joseph Watson | As part of long term agenda to establish “military form of government,” combat likely with unrest following total economic collapse.

Mumbai attacks part of ‘blowback’ for CIA double-cross

Clinton staffers make up nearly two- thirds of Obama transition team

The New Obama Administration: A Lot of “More of the Same”
Barack Obama’s security team delights the war hawks Neocons Heart Obama

Obama’s National Security Team: Minions of the New World Failed Failures Order

American teens lie, steal, cheat at 'alarming' rates just like americans generally, inherent criminals that they are: study...

Opening/Closing/Holiday Bell: 11.28.08 - Worker Killed In Wal-Mart Stampede (NYP) You don't have to vacation to Mumbai to be savagely murdered, just position yourself in front of a throng of sale-crazed animals in Anytown America.
Rubin's Teflon Finally Wears Off (at Seeking Alpha)
Bank sues Trump over Chicago tower loan... Trump misses $53M interest payment...
Trump casino to miss interest payment...

Jewish settlers in violent Hebron protest (AFP)

Bush wants history to falsely see him as a liberator of million instead of reality of plunderer destroyer of a nation, war criminal, destroyer of his own country, and murderer of civilian men, women, and children in the millions

Mumbai attackers ‘non-state actors,’ says Pak president
Mossad role in Turkey coup plot revealed

BAILOUT MONITOR DECRIES LACK OF COHERENT PLAN...
PELOSI EYES $500B MORE...
Data signal deep global downturn...
Manufacturing hits 26-year low...
Schwarzenegger declares fiscal emergency in the land of fruits and nuts...
Bush: 'I'm sorry' for causing this crisis which is occurring...
Oil plunges below $50 because economy is so bad...
Treasury Yields Plunge to Lowest on Record...
Bernanke: 'No comparison' to Great Depression…and he is right because it is much worse, particularly in light of the fact that now, unlike then, america is broke in every way ...
Bank stocks suffer biggest one-day decline since crisis began...

Food Prices Will Rise, Causing Export Bans, Riots Bloomberg | Food prices will rise next year, prompting a revival of protectionism from food-growing nations and risking a renewed bout of rioting, according to Jochen Hitzfeld, an analyst at UniCredit SpA in Munich.

Citigroup Should Be Held Accountable Bloomberg | The U.S. government should demand accountability and changes at Citigroup Inc., as well as from automakers, in exchange for any financial assistance.

Rubin Clones and Other Fakers: The Obama “Dream Team” Things are getting crazier by the day. On Tuesday, Treasury Secretary Henry Paulson announced that the Fed would commit another $800 billion to fight the financial crisis which has spread to the broader economy and is causing sharp declines in consumer spending.

Citigroup says gold could rise above $2,000 next year as world unravels

US debt triggered global crisis

‘Encouraged by a wicked wizard, Greenspan, Bernanke toils at his Weimar dollar printing press’

Wal-Mart worker dies in rush; two killed at toy store CNN International (CNN) -- Three violent deaths in two stores marred the opening of the Christmas shopping season Friday. Two people were killed in a shooting at a Palm Desert, California, Toys "R" Us store on Friday. 2 men dead after shots fired in SoCal Toys 'R' Us The Associated Press

HOW TYPICALLY UNCIVILIZED THE INHERENTLY CRIMINAL AMERICAN ANIMALS/CATTLE ARE AS THEY STAMPEDE AND TRAMPLE AN EMPLOYEE RUSHING TO GET LIQUIDATION PRICE BARGAINS. HOW PATHETIC!

MALL MADNESS! MAN KILLED...
...throng of shoppers physically broke down doors
Video...

Microsoft Corporation government shill/censor/propagandistCensors 9/11 among other Dissent

Media Forced To Backtrack On Al-Qaeda Link To Mumbai Attacks

India’s Leaders Need to Look Closer to Home: The Assault on Mumbai

Americans’ Food Stamp Use Nears All-Time High

For stores, the holiday season may already be over

Meltdown far from over, new mortgage crisis looms

Experts Warn of Food Shortages One of the top experts on derivatives warns that supermarkets may not be able to borrow against their inventory and will thus be forced to shut down.

Experts doubt Al Qaeda link in Mumbai attacks

Evidence Mumbai Attackers were Anglo-American Intel Operatives

Mumbai Attacks Blamed On Al-Qaeda As Pretext For U.S. Military Response

FM: No Israelis in Mumbai Hospitals Foreign Ministry Spokesman Yossi Levi said, mid-morning Thursday, that according to the data received by Israel’s control center for the Mombai terrorist attacks there are no Israelis among the wounded or dead in Mombai hospitals, the mossad/cia, israel/u.s. connection

India, Corporate Media Moves To Frame Pakistan For Suspicious Attacks As we predicted would happen in our early report yesterday, Indian government authorities are now blaming Pakistan for being behind the ongoing attacks in Mumbai, providing a perfect pretext for expanded U.S. military aggression against a country that is also a target for President elect Barack Obama.

Microsoft Corporation Censors 9/11 Among Other Dissent as government shill which suppression has brought u.s. unequivocal decline
Merkel finally, though better late than never, criticises US over crises

Merkel criticises USA over crisis; hits out at use of 'cheap money'...

U.S. eyes “surge” of over 20,000 for Afghanistan

Iraq told: Keep US troops or face martial law

UPDATE: TERROR AT THE TAJ...
Mumbai gunmen besiege hotels, kill 119 in 2 days...
'Still not under control'...

Mexican Interpol Official Involved with Narcotics Trafficking Former Mexican President Calls Border Fence ‘Offensive’

Hillary of State Wall Street Journal - By KIMBERLEY A. STRASSEL One rule of employee relations? Never hire someone you can't afford to fire. The Obama-Clinton soap opera is set to run for another few years Economist

u.s. will not balance budget by 2012: white house DAAAAAH!

More Proof That Uncle Sam Is In Trouble PhD economist Marc Faber thinks the U.S. will go bankrupt. He’s not alone. Glass-Steagall and other Depression-era legislation was repealed based upon the claim that the modern financial system was totally stable.

Column: Impeach before Bush leaves office

Take away the president's power to grant pardons

Editorial: Implications of Citibank bailout CITIGROUP bailout slammed by New Yorkers...
U.S., Mexico Mostly Silent About Deaths of American Tourists South of the Border CNSNews | According to the U.S. Department of State, more than 1,300 Americans have died in Mexico in the past six years.

A look at Obama’s “economic team” President-elect Barack Obama’s choices for top economic positions underscore the fact that his administration’s overriding priority will be to cover up the crimes of and to secure the interests of the financial elite. Obama beats record for press conferences/jawbone/bull s**t sessions to give wall street frauds b.s. talking/fraud points...

Federal deficit could hit $1 trillion this year

FDIC's list of 'problem' banks swells to 171 (AP)
Dollar falls on realistically discouraging u.s. economic data (AP)

Third quarter real GDP was revised to a 0.5% annual rate of decline from a previously reported 0.3% rate which had rallied stocks and, only in the fraudulent world of wall street, rallied stocks again though worse than expected

Third quarter personal consumption expenditures were revised to a worse than expected -3.7% from -3.1%, which rallied stocks…..riiiiight!.

Consumer confidence remains at an extremely depressed state despite fake numbers.

Rogers Says Dollar to Be `Devalued,’ Buys Commodities
The S&P/Case-Shiller Home Price Index of 20 US cities fell 17.4% year over year — most on record.

Economy shrinks at fastest pace in seven years Reuters | The economy contracted at its fastest pace in seven years in the third quarter as consumer spending plunged to a 28-year low, data showed on Tuesday, raising the reality of a deeper recession.

Citigroup collapses! Banking Shutdown Probable Dr. Martin D. Weiss | It pains me deeply to announce that, despite the massive government rescue, yesterday’s collapse of Citigroup could ultimately lead to a shutdown of the global banking system if they get sucked into america’s black hole.

Russian Analyst Correctly Predicts Decline and Defacto, and Quite Possibly Dejure, Breakup of U.S.A.

The Fed and Its Lies

Home Prices for 20 U.S. Cities Decline Most on Record

Bush: Give More Money to the Bankers

The Citigroup Deal is Lousy for America The verdict on the Citigroup bailout is pretty much unanimous: its a terrible deal for America.

Peter Schiff - Was Right Again and Again

Russian “Infowar” Analyst Says U.S. Will Break Apart A renowned Russian political analyst has repeated a prediction he made ten years ago that the economic and political turmoil in the U.S. will lead the country to collapse and divide into separate parts

Bush Hands Over Reins of U.S. Economy to EU

Attorney general nominee Holder represented firm that hired right-wing paramilitaries who killed union activists

Russia says U.S. mercenaries, others fought for Georgia

China Scrambles to Stave Off Economic Meltdown
Israel seals off Gaza crossings again

FED PUMPS $800B MORE TAXPAYER MONEY TO THE RICH AND INFAMOUS, COMPOUNDING THE WASTE/FRAUD/CRIME...

WOODWARD: Obama must be 'smoking something'...
Federal deficit could hit $1 trillion this year...
FDIC adds 54 more banks to its 'problem list'...

Struggling Banks Paid Clinton $2.1 million for Speeches/hillary favors/bull s**t; CITI, GOLDMAN, LEHMAN, MERRILL...

Cynthia McKinney Prevented From Leaving U.S. Former Congresswoman and presidential candidate Cynthia McKinney has been prevented from leaving the country after she planned to give a speech in Damascus Syria at a Conference being held to commemorate the 60th Anniversary of the Universal Declaration of Human Rights.
Sovereign wealth funds flee the West... Sovereign wealth funds in the Gulf are switching their focus away from Western stock markets to shore up ailing economies in the Middle East and protect themselves from losses in the City and on Wall Street.

Dow falls below 8,000, S&P at 5-year low
Fed sharply lowers forecasts, hints of rate cut which ploy previously sparked b.s. suckers’ bear market rallies based upon nothing at all but reality says with only a point to zero and much worse to come is just plain b**l s**t
Now Buffett the senile in stock slump!
Conditions so bad that consumer prices drop record 1 percent in October
[$$] Mall Owner Lines Up Bankruptcy Law Firm as ghost malls predict by Celente of trendsresearch.com over a year ago begin (at The Wall Street Journal Online)
[$$] Stocks, Bonds Tumble to New Crisis Lows (at The Wall Street Journal Online)
Deflation: Here, Now I’ve been warning of deflation for some time. Specifically, I predicted 1 1/2 to 2 years of deflation, followed by hyperinflation. Well, deflation is here.
“Slush fund” … “Banana Republic” … “Keystone Kops.”
Technical Economic Indicators Worsening Again Even after the trillions spent by the feds, the technical economic indicators are getting worse

'Crisis Only Just Beginning': Crisis/Video Right About the Crash, Peter Schiff Sees More Pain Ahead Crisis Only Just Beginning': Right About the Crash, Peter Schiff Sees Much More Pain Ahead

Cost of Bankster Bait and Switch Now $7.4 Trillion Kurt Nimmo | Congress critters are wary of the wrath of their constituents as the bankster giveaway rockets through the stratosphere.

Colossal Financial Collapse: The Truth behind the Citigroup Bank “Nationalization” F. William Engdahl | The 2009 year will be one of titanic shocks.

Rubin Protégé Selected to Head Obama’s Council of Economic Advisers

Obama’s jobs plan: A band-aid for an economic catastrophe

Will The US Government Accept Responsibility For The Slaughter Of Over 1,000,000 Iraqis.

Obama’s Economic Foxes To Guard Financial Henhouse Today President elect Obama officially introduces his economic team to the world. What many may fail to recognize however is the fact that those tasked with rescuing the economy are the very people who helped create the financial crisis in the first instance. WOODWARD: Obama must be 'smoking something'...

All US Financials Will be Nationalized in a Year: Manager

US to Inject $20 Billion into Citigroup, Back Assets The U.S. government has agreed to guarantee over $300 billion of Citigroup’s troubled assets — loans and securities backed by residential and commercial real estate and other such assets — with conditions attached. These conditions are being hammered out.

Bush: A disgraceful legacy

Bumbling, bungling, war criminal bush consulting Obama on bailouts Now we can all breathe a sigh of relief…..riiiiight! This Is Change? ...tax hike for the rich may be delayed Another $700 billion?

Bush pleased with Iraq war outcome The Age | Bush apparently pleased with over a million dead Iraqis and millions more suffering due to a decimated civilian infrastructure based on lies.

US is on the decline, report says

US National Intelligence Council Predicts Further and Complete Decline of America ...

Worst of financial crisis yet to come: IMF chief economist...

FBI arrests eight New York mafia men: prosecutor

POLL: Most Correctly Consider Web Most Reliable Source of News in light of propaganda, censorships, veiled bribes, etc...

UK TOP INCOME TAX RATES COULD HIT 61%... FED PLEDGES TOP $7.4 TRILLION... London, Midtown Manhattan, Tokyo Office Rents Post First Drop Since 2002...

Mugabe bars door to top-level humanitarian mission

NewsWatch: Stocks look cheap, but that doesn't mean you should buy

Economic Preview: Harsh economic data expected for coming week

OBAMA: 'MILLIONS OF JOBS' IN DANGER NEXT YEAR

Downey Seized, Sold to US Bancorp as Mortgage Fallout Spreads

IMF economist says worst of crisis to come: paper

Robert Gates: As Bad as Rumsfeld?

Federal regulators shut 2 California thrifts

This Is Not A Normal Recession, Rome is burning. It’s time to stop tinkering with a failed system : Moving on to Plan B
Use of nuclear weapons more likely in future: us unintelligence

Paulson’s Cascade of Lies

US to see end of an ‘aura’ by or before 2025

The Third Clinton Administration

WOODWARD: Obama must be 'smoking something'...

Antiwar groups fear Barack Obama is creating hawkish Cabinet Activists note that most of the candidates for top security posts voted for the 2002 resolution authorizing President Bush to invade Iraq or otherwise supported launching the war.

Zimbabwe refuses Annan group visa

U.S. economic and military dominance ’set to wane’, warns spy agency through corruption, greed, fraud, incompetence, etc.
Mobsters seize control of Israeli public's imagination...
HU: World economic situation 'grim'...

ROMNEY: 'Let Detroit Go Bankrupt'... Finger-pointing begins as Senate nixes auto vote...
CEOs Flew Private Jets to Plead for Public Funds...

World stocks down amid reality of deep recession (AP)

Congress extends jobless benefits; stocks fall 400

Aids: Obama on track to nominate Clinton (AP)

Attorney general collapses

Sharp decline seen in holiday shoppers

Bank of America Bailout Recipient Buys Stake in China Construction

China to Buy 4,000 Tons of Gold Jason Hommel | China wants 4000 tons of gold, to help “diversify” their $1.9 trillion in U.S. bonds.

Massachusetts Foreclosures Up Nearly 70-Percent This Year

The Imperialism You Can Believe In While naive, giddy and myopic establishment leftists have been celebrating the great “change” heralded by the election of Barack Obama, the President elect has been busy appointing people to key positions who advocate the same Neo-Con imperialist foreign policy crafted during eight years of the Bush administration.

Ron Paul Warns That U.S. Will Support Israeli Attack On Iran

Army shreds documents on friendly fire deaths

Paulson Was Behind Bailout Martial Law Threat Senator James Inhofe has revealed that Henry Paulson was behind the threats of martial law and a new great depression prior to the passage of the bailout bill, having made such warnings during a conference call on September 19th, around two weeks before the legislation was eventually approved by both the Senate and Congress.

Head of Interpol Mexico arrested for drug ties Mexico arrested its head of Interpol on Tuesday for allegedly working for a powerful drug cartel and sent the military to take over police duties in the city of Tijuana in another step to flush out corrupt law enforcement.

Jobless Claims Hit 16-Year High, Above Forecast

Fed Signals Ready to Cut Rates with only a point to zero, calls urgent extended December meeting by a day Amid Glum Outlook

Obama and the Great Depression

President-elect promised change, picking insiders...

Iran Censors, Cracks Down On Internet

Jewish settlers desecrate Hebron mosque, graves

SUN SETS ON USA POWER: REPORT PREDICTS END OF DOMINANCE...

Raw: Attorney General Michael Mukasey Collapses During Speech in Washington AG COLLAPSE ON STAGE IN DC

America’s Moronic Iraqi Policy
Israel refuses to ease blockade
Will The US Government Accept Responsibility For The Slaughter Of Over 1,000,000 Iraqis.
America’s moronic hegemonic policy spells disaster
ENDGAME Economic Predictions - 2006 Bilderberg
Inside Home Affairs: The recession – and the crime wave that goes with it
Naomi Klein: Bailout is ‘multi-trillion-dollar crime scene’
Head of Interpol Mexico arrested for drug ties
Crimes by air marshals raise questions about hiring
Port of Los Angeles security under control of Chinese President’s son
Former CIA Employee Zawahri Threatens America
Al Zawahiri is used to counter Obama’s growing unpopularity Al Zawahiri has sent a new message. (1) to gain sympathy for Obama, (and his various billionaire cronies.) (2) to gain sympathy for US military action (in the event of any false flag terror operations by the CIA and Mossad). (3) to gain sympathy for a US takeover, or destruction, of Pakistan. (4) to turn world opinion against Moslems.

Arraignment set for Cheney, Gonzales in Texas (AP)

Ron Paul Confronts Bernanke On Global Currency Plans
Congressman Ron Paul confronted Federal Reserve chairman Ben Bernanke this morning about plans to replace the dollar with a new global currency during the House Financial Services Committee meeting on Capitol Hill.
Banker Manipulation Of Gold And Silver Prices Further Exposed
US planning Velvet Revolution in Iran?
Russia warns Georgia against military build-up
‘US not after Taliban leaders under Bush’
Uranium at Syria site come from Israeli missiles: FM
No Signs of Change in Obama’s Middle East Policies
China Passes Japan as Biggest U.S. Treasuries Holder

Israeli forces launch fresh Gaza incursion

CHENEY INDICTMENT: Vice president, former AG, state senator indicted [in Texas]... Willacy County Grand Jury... Arraignment set for Cheney, Gonzales in Texas (AP)

The G-20 Economic Summit Won’t Change the “Financial Crime Scene” Richard C. Cook | For the immediate future people could fight back by doing everything possible to get out of debt, convert their cash reserves to tangible holdings, and start their own local currency and barter systems.
Inhofe: Billions Given Away to Bankers and Their “Friends” Kurt Nimmo | Senator Inhofe admits Congress was told lies about the bailout and says Congress should take back what is left of the “blank check” it gave the Treasury and its coterie of ex-Goldman Sachs manipulators.
Forecasters: U.S. in 14 month recession
Fed has done "as much as it can": Fed's Hoenig
Stocks finish lower as recession worries deepen
The Great Depression of the 21st Century: Collapse of the Real Economy

Japan's Economy Shrinks 0.4%, Confirming Recession (Update2)
Ken Clarke warns Britain is on the brink of ‘meltdown’
Japan's economy shrinks in 3Q; enters recession
Europe in recession, U.S. in pain as world leaders meet
ECRI: Economy Falling At Fastest Pace in 60 Years
Rep. Neugebauer: American People May “Rise Up and Stop Us”
DOWNTURN DRAGS MORE CONSUMERS INTO BANKRUPTCY...Unremitting gloom and capital flight

Four Palestinians killed in Israeli air strike (AFP)
Israeli minister openly calls for assassinating Hamas leaders
Gaza: No respite from suffering
Ahmadinejad aide: Obama must ‘replace Bush’s war-mongering approach’
Neocon John Bolton Grilled on BBC EVTV1 | Bolton’s neocon explanations for the mass murder of more than a million Iraqis are dismissed for what they are — criminal lies.

Los Angeles ringed by wildfires...
STATE OF EMERGENCY...
LIVE FEED... SHARP KNIVES: STATE BUDGETS IN SHORTFALL; CUT SERVICES OR RAISE TAXES?...drudge DEVELOPING...
600 mobile homes burned...
Updates, Maps, Details...
Wildfire chases patients from hospital...CALIFORNIA DREAMIN’ A NIGHTMARE: THOUSANDS EVACUATE

Record numbers of American students are studying abroad...Libertarian Talk Radio Activist Jailed For 100 Days For Having A Couch In His Yard
“The Dollar Standard Is Coming To An End”
Busted in Washington As expected, the G-20 Economic Summit in Washington turned out to be a total bust. None of the problems which have pushed the global economy to the brink of disaster were resolved and none of the main players who gamed the system with their toxic securities was held accountable.

Obama’s Intelligence Agenda: More of the Same from the so-called “Change Administration” as names as clinton (some have dismissed her owing to her’s and bill’s deals on the come which voters foiled) and as well, jokin joe lieberman, the independent who is not independent at all but rather a bush administration/israeli shill. Could he be so foolish as to relinquish his mandate? ”

Housing starts expected to hit half-century low
G-20 Wants Quick Action on Credit Default Swaps, But Bush Talks Them Into Toothless Regulation

Washington is Powerless to Stop the Coming Economic Depression Barbara L. Minton | The unwinding of the Great Depression took 10 years and the debt overhang was nothing like it is today.
Whitehead sees slump worse than Depression The economy faces a slump deeper than the Great Depression and a growing deficit threatens the credit of the United States itself, former Goldman Sachs chairman John Whitehead, said at the Reuters Global Finance Summit on Wednesday.
Dollar’s Days Numbered, Buy Commodities: Jim Rogers Commodities are one of the only viable investment opportunities left and are set to rebound as demand problems take hold, while the outlook for the dollar is bleak, famed investor Jim Rogers said Friday.
U.S. cities seek federal help to ease economic crisis
America’s economic crisis is beyond the reach of traditional solutions By most accounts the US economy is in serious trouble. Robert Reich, an adviser to President-elect Obama, calls it a “mini-depression,”and that designation might be optimistic. The Russian economist, Mikhail Khazin says that the “U.S. will soon face a second ‘Great Depression’.” It is possible that even Khazin is optimistic.
U.S. Retail Sales Drop in October by Most on Record
With Its Failed Policies, Government Triggers “A Return of Systematic Risk to Credit Markets”
Retail sales fall by record amount in October... CITIGROUP to cut 10% of jobs...110 banks have asked for $170B under bailout planFACE SLUMP...New alarm over economy as retail sales plummet
Freddie seeks gov't aid after $25.3B loss (AP)
Wall Street ends turbulent week sharply lower

Kashkari Accused Of Bailout “Bait and Switch” During Angry Hearing
A Ticket to The Hague for Dick Cheney? I now believe that some international human rights organization ought to open an investigation of the Bush Administration.
Sarkozy to Putin: ‘Do you want to end up like Bush?’
A Dumbed Down Society is What the New World Order Wants
Lawmaker Joins Fight To Outlaw Human Microchip Implants
Liberals Start Supporting War After Obama Is Elected
Italian police officers convicted of violence at 2001 G8 Genoa Summit
Switzerland says Israel breaking international law (AP)
U.N. agency says runs out of Gaza food supplies (Reuters)French, Palestinians call US Mideast role crucial (AP)
Israel shuts down Gaza border crossing

Iraq - US security agreement initial approval
The Iraqi cabinet yesterday approved a security agreement with the USA that calls for a full withdrawal of the American forces from the country by the end of 2011.
Iraq-USA, Politics, 11/17/2008
Abbas: No partial peace agreements to be made
Palestinian President Mahmoud Abbas said today that Israel had decided to release 250 Palestinian prisoners before Al-Adha Holiday and affirmed the necessity of a continued ceasefire between the Gaza Strip and Israel, to help ease the suffering of Palestinian citizens in Gaza Strip.
Palestine-Israel, Politics, 11/17/2008
Palestinians denied press freedom, official
Representative of Palestinian Islamic Resistance Movement (Hamas) today said that Palestinian newspapers are prevented from publishing the truth.
Palestine-Israel, Politics, 11/17/2008
Israel kills four Palestinians, Gaza humanitarian crisis
Hamas said that Israel is violating the ceasefire. Aid agencies say Gaza faces a humanitarian crisis if Israel's blockade continues.
Palestine-Israel, Politics, 11/17/2008
Israel forbid Muslims to enter the Ibrahimi Mosque
Hebron Rehabilitation Committee (HRC) denounced today the Israeli Occupation Authorities decision to forbid Muslims from entering Al-Ibrahimi Mosque in the city of Hebron on Friday and Saturday, November 21-22 2008 to enable Jewish settlers to perform their rituals on the
Palestine-Israel, Politics, 11/17/2008
Iran's new missile is for deterrence: minister
Iran's Commander of the Islamic Revolution Guards Corps (IRGC) Navy Force Rear Admiral Morteza Saffari said today that forces under his command are ready to repel any threat in the Persian Gulf.
Iran-Regional-USA, Politics, 11/17/2008
Ahmadi-Nejad's letter to Obama covers key issues
As for the establishment of a US interest section in Iran, Hosseini said, "If the request comes from official channels in the US, Iranian officials will follow it up."
Iran-USA, Politics, 11/17/2008
Ahmadi-Nejad meets with Israeli-freed Lebanese
Iran's President Mahmoud Ahmadi-Nejad said yesterday that Lebanon was a source of honor and respect for regional states for its victory over the Israeli forces during their 33-day war against Lebanon in 2006.
Lebanon-Israel, Politics, 11/17/2008
Saudi-UN interfaith conference condemned for presence of Israelis
Elham reiterated that the "Zionist regime" has a secular nature.
The issue of Judaism is completely different from Zionism, he said
Saudi Arabia-Iran, Politics, 11/17/2008
Iraq Head, Top Cleric Back 2011 Exit by U.S.: Agreement Gives Pact Better Odds of Passing - WashingtonPost.com
Iraq-USA, Politics, 11/17/2008
Iran judiciary chief lauds US-Iraqi security pact - WashingtonPost.com
Iraq-Iran-USA, Politics, 11/17/2008
Cleric Calls for Resistance to U.S. Presence in Iraq - NY Times
Iraq-USA, Politics, 11/17/2008
Iraqi Soldier Reportedly Kills 2 G.I.’s - NY Times
Iraq-USA, Politics, 11/17/2008
Iraq Signs $3.5 Billion Deal for China to Develop Oil Field - NY Times
Iraq-China, Politics, 11/17/2008
Mideast Negotiators Vow Talks Will Go On: Transitions in Israel, U.S. Spur Concerns - WashingtonPost.com
Palestine-Israel, Politics, 11/17/2008
Israeli troops face abuse trial - BBC
Palestine-Israel, Politics, 11/17/2008

Rick Biggs KERRY KILLINGER CAN’T SAY HE WASN’T WARNED. From my hometown Seattle Times:

Two months before Washington Mutual failed, Treasury Secretary Henry Paulson warned then-CEO Kerry Killinger that he ought to sell the Seattle-based thrift before it deteriorated further.

"Paulson said, 'You should have sold to JPMorgan Chase in the spring, and you should do so now. Things could get a lot more difficult for you,' " said one of several current and former high-ranking WaMu executives familiar with details of the call.

"Sopranos" flashbacks, anyone? Good lord. Here’s today’s lesson for bank and thrift CEOs: When the Secretary of the Treasury tells you point blank that “things could get a lot more difficult for you,” you should take it to the bank (sorry) that things will in fact get more difficult. That should be easy to remember. . .

I have refrained thus far from commenting on Sarah Palin who aside from breathing new life into Saturday Night Live, seems to serve no useful purpose whatsoever. Indeed, she is so pathetically and embarrassingly dumb that it should come as no surprise to hear her sing paeans of praise to kindred dimwit criminal dumbya bush, certainly a failed president and the worst of modern times, the absurdity of her assertion being evidenced by the current disaster of a nation he leaves in his wake, economically, politically, and geopolitically. She is a dope and, like the bushes, is done.

Turley: Late bush move ‘almost sign of contempt’ for election results

Wall Street rally defies rationality, odds, economic indicators but is explainable in terms of full moon and lunatic wall street frauds The Miami Herald
Dow sees 911-point swing to close on third-biggest point gain on ... MarketWatch
MARKET SLAPCRAPSHOT: US Stocks Close Crazed Session With Large Surge ... CNNMoney.com
Jobless claims hit 25-year high, weak economy causes imports plunge
Analysts Predict Hyper-Inflation To Push Gold To $2000, Oil to $300 Within Months Economic experts have predicted that rampant inflation caused by government stimulus packages will soon take hold of the economy and force precious commodity prices to all time highs.
Sarkozy Pushes for Abandonment of Dollar as World Reserve Currency There have been many previous indications that the dollar would not remain the world’s reserve currency for long. But this is a dramatic statement by a close American ally.

Banker Bailout Costs $5 Trillion So Far
Bailout Lacks Oversight Despite Billions Pledged
Soros says deep recession inevitable, depression likely

Foreclosures up 25 percent: RealtyTrac
Foreclosure Filings Rose 25 Percent in October as Prices Fell
Alabama foreclosures rise 15 percent in October

Germany falls into recession, Japan to boost IMF
Asian shares hit as grim news abounds
Oil falls to $55 on grim US economic outlook

Australia the former and apparently present penal colony uses web filter to block 10,000 internet sites
Rahmn Emanuel’s Compulsory “Circle of Love” Kurt Nimmo | Is it possible the ruling elite will need a legion of inducted slaves to stand against their fellow citizens as the economy further disintegrates and social chaos unfolds?
What Wayne Madsen Said About Rahm The Truth Will Set You Free | WMR has learned from US intelligence sources that Emanuel was discovered to be part of a political intelligence and blackmail operation directed against the very blackmailable and compromised criminal clinton by Israel.
Israeli Blockade Creates Food Shortages in Gaza

The Insanity of the $700 Billion Giveaway
Stock Market Has Fallen Steadily Since Bailout Bill Signed

The Wall Street Coup and the Bailout Scam
Paulson Doles Out $125 Billion to Wall Street Elite
Treasury Blacks Out Key Parts of Private Bailout Contracts
The Evil of Bailout One of the burning questions regarding the recently passed bailout, and the one that almost no one has bothered to answer, is how the government intends to pay for it. Bailout $700 billion yet national debt increased by over $1 trillion.They socialize their losses and privatize their gains ….. How is this happening? What a total fraud/scam!Roubini Sees Worst Recession in 40 Years, Rally’s End
Government of Thieves: When Greed is Rewarded

EDITORIAL ON BUSH’S FAILED PRESIDENCY
Thanks for the Depression

Renowned economist Mikhail Khazin : U.S. will soon face second “Great Depression”
Fannie Mae Posts Record $29 Billion Quarterly Loss
Fannie posts $29B 3Q loss, $100B may not be enough
China Blames Wall Street Meltdown On Fraud and Fed Overissuance Of Currency
Government to Grant AIG New, Larger Bailout
Real Cost Of Bailout So Far With Much More To Come: $5 TRILLION+
Fed's bailout for AIG swells to more than $150B
GM says GM may not survive (AP)
...US to assume toxic mortgage assets
Wall Street Should Slash 70,000 Jobs, Be Prosecuted for Securities Fraud, Disgorgement Mandated: Report
Buffett's senility showing as government/wall street shill, BERKSHIRE HATHAWAY Net Falls 77%...
U.S. Weekly Leading Index Now at Six Decade Low

3rd UPDATE: Intel Cuts 4Q View; Stock At 12-Year Low CNNMoney.com Intel Cuts $1 Billion From Sales Forecast Amid Slump Intel slashes 4Q outlook on dimming PC demand Technology stocks hit after Intel warns of sales shortfall
Fed Covers Up Financial Crisis
Federal Reserve Seeks Oversight of CDS Clearinghouse The Federal Reserve is seeking to become the lead regulator for clearing trades in the $33 trillion credit-default swap market, according to people with knowledge of the proposal.
U.S. Slump May Be Longest in Decades as Growth Fell Off `Cliff’ The U.S. downturn will be the longest in three decades, and the drought in consumer spending may be the worst ever, according to economists surveyed by Bloomberg News.
AmEx Said to Request $3.5 Billion in U.S. Aid
Lobbyists Swarm the Treasury for Piece of the Dwindling Bailout Pie When the government said it would spend $700 billion to rescue the nation’s financial industry, it seemed to be an ocean of money. But after one of the biggest lobbying free-for-alls in memory, it suddenly looks like a dwindling pool.
Dimon: Recession could be worse than market crisis (AP)
Intel's shock warning sounds alarm for tech sector

One Aspect of the Massive (Securities) Fraud/Fraudulent Wealth Transfer is Aptly Described/Illustrated in this Comment

Obama Won’t Be Able to Stop the Collapse of the Fallen american Empire
Paulson Says Troubled Assets Will Not Be Purchased Associated Press | Hank Paulson really didn’t mean it when he promised the $700 billion government rescue program would be used to purchase troubled assets. U.S. backs away from plan to buy bad assets
US To Lose Its ‘AAA’ Rating CNBC | The United States is on course to lose its ‘AAA’ rating due to the large amount of debt it has accumulated, according to Martin Hennecke, senior manager of private clients at Tyche. "The U.S. might really have to look at a default on the bankruptcy reorganization of the present financial system" and the bankruptcy of the government is not out of the realm of possibility, Hennecke said. "In the United States there is already a funding crisis, and they will have to sell a lot more bonds next year to fund the bailout packages that have already been signed off," Hennecke told CNBC. In order to solve or stem the economic slowdown, Hennecke suggested the US would have to radically reduce spending across all sectors and recall all its troops from around the world. As for a stimulus package, there is not much of an industry left to stimulate back into life, Hennecke said.

Obama’s Bailout Bunch Brings Us More of the Same
Editorial: End the scandal of Guantanamo
Obama’s pick for White House chief unsettles Arabs
What is Obama thinking? Barack, my brother. Mr. President-elect, what is going through your head? Rahm Israel Emmanuel for White House Chief of Staff? Rahm, who fought with the Israeli Army in the Gulf war, whose father Benjamin fought with the Irgun gang, the Zionist terror bombers of the King David Hotel; Rahm, the 2001 Freddie Mac board member involved with campaign scandals and contributions, personally raking in $231,655. I mean, just look in that guy’s eyes, scary. And that’s just the tip of the iceberg.
We can’t defeat Taleban, says Brigadier Mark Carleton-Smith

MAG: WASHINGTON'S $5 TRILLION TAB...
STOCKS IN FREEFALL; DOW SHEDS ANOTHER 400...
NEAR FIVE-YEAR LOWS...
RUSSIAN TRADING HALTED AFTER 12% DROP...
ECONOMIC WOES INCREASE, CRISIS DEALS IN TROUBLE...
AS MORE COMPANIES SEEK AID, 'WHERE DO YOU STOP?'...
EMBATTLED BANKS STILL PLANNING BIG BONUSES...
FLU: GOOGLE SHARES BELOW $300 FOR FIRST TIME SINCE '05...
GE SAYS FEDS WILL GUARANTEE UP TO $139 BILLION IN DEBT...
Bank of England: We'll slash interest rates to ZERO...WANT SOME GOVERNMENT MONEY? APPLY NOW!
Boehner Demands Fed Identify Recipients of Loans... Democrats prepare to move forward with investigations of the Bush administration... drudge Developing... ALL SWIPED OUT: AMEX SEEKS BILLIONS FROM TAXPAYERS...

Consumer spending worries send stocks lower (AP)

GM shares hit 65-year low amid liquidity concerns

Banking crisis claims more U.S. victims Financial Times | The credit storm swept through Wall Street and Main Street with renewed virulence on Monday as AIG and Fannie Mae reported huge losses, a leading US retailer filed for bankruptcy and multinationals such as DHL cut thousands of jobs.

Worries about housing, consumers send stocks lower Associated Press | Homebuilder Toll Brothers Inc. and coffee chain Starbucks Corp. helped send Wall Street sharply but modestly relative to reality lower Tuesday after giving investors more evidence that the housing market and consumer spending are getting weaker.

Goldman urged bets against California bonds it helped sell Los Angeles Times | Goldman, Sachs & Co. urged some of its big clients to place investment bets against California bonds this year despite having collected millions of dollars in fees to help the state sell some of those same bonds. California faces $28 billion deficit...

Government To Confiscate 401(k)s and IRAs For Mandatory Savings Tax? Paul Joseph Watson | Proposals to implement additional form of income tax while seizing private pensions raised in Congress.

Chinese activists tell UN of communist state torture

Blogger jailed for 20 years for cheeky poem that mocked Burma's leader...

Obama plans Gitmo closure
Georgia Rep. Issues Warning on National Security Force, Gun Ban
Government To Confiscate 401(k)s and IRAs For Mandatory Savings Tax? Under the pretext of combating the financial crisis, Democrats in Congress have been conducting hearings on proposals to confiscate private retirement accounts and turn them into government-controlled accounts managed by the Social Security Administration, by implementing a new tax in the guise of mandatory savings scheme.
Ex-KGB general cautions US against Iran war A former KGB general and Russian prime minister says a war on Iran would produce a question mark over the Republican Party’s sanity.
Fed Hides Destination Of $2 Trillion In Bailout Money The Federal Reserve is facing a lawsuit after it failed to comply with congressional demands for transparency and disclose the destination of at least $2 trillion dollars in bailout funds, underscoring once again the failure of top down socialism and the folly of trusting the foxes to guard the henhouse.
Obama, Rahm-bo and the End of the New American Century: Conned Again? If the change President-elect Obama has promised includes a halt to America’s wars of aggression and an end to the rip-off of taxpayers by powerful financial interests, what explains Obama’s choice of foreign and economic policy advisors?
Biden told not to change Iran policy Israeli Foreign Minister Tzipi Livni has warned the US vice president-elect against changing the Bush White House policies toward Iran.
Documents linking Iran to nuclear weapons push may have been fabricated
Obama’s Afghan War Plans May Run Into Weary Public, Deficits
Project for No American Century The Project for a New American Century cut America’s stability short by almost a century.
Ruble Devaluation Concern Triggers 13% Plunge in Russian Stocks
US Banks Will Lose $450 Billion More in 2 Years: Analyst
Asian economists warn Barack Obama policies could make downturn worse
$150 billion more for AIG: US gov’t
Government Soaks Up AIG’s Toxic Credit Default Swaps On Our Dime

World business leaders see more fiscal pain
Credit Suisse reportedly shuts down bond fund
Top hedge fund managers 'funereal' in midst of financial crisis
Worst retail sales trend since 1974 expected
Cisco warning signals trouble ahead in tech sector
Stocks Slump as Earnings Concern Overshadows Stimulus...
Growing credit crisis claims more victims...
STARBUCKS profit drops 97%...
GM needs federal aid in coming weeks...
BAILOUT? Fed gives AMERICAN EXPRESS full bank status...

Blackouts in Gaza as fuel supply cut off
NYT: SECRET ORDER LETS U.S. RAID AL-QAIDA IN MANY COUNTRIES... Gorbachev calls on Obama to carry out 'perestroika' in USA... NYC To Toll Every Major Bridge Into Manhattan...
Bloomberg: Spending cuts, layoffs...Obama Consigliere “Rahmbo” Emanuel Sent Dead Fish to Foe Kurt Nimmo | Rahmbo’s services may be required after the economy crashes and new total war fronts open in Pakistan and Iran.
A quiet windfall for U.S. banks MSNBC | Corporate tax lawyers quickly realized the enormous implications of the document: Administration officials had just given American banks a windfall of as much as $140 billion
Fed Defies Transparency Aim in Refusal to Disclose Bloomberg | The Federal Reserve is refusing to identify the recipients of almost $2 trillion of emergency loans from American taxpayers or the troubled assets the central bank is accepting as collateral.

Jobless rate at 14-year high as above expectation losses continue

GM, Ford losses worse than expected, burning cash

Jobless ranks hit 10 million, most in 25 years

Ford announces $129M 3Q loss, burns $7.7B in cash

Jobless rate bolts to 14-year high of 6.5 percent

Wells Fargo Earnings-diluting Offering Disappoints Street (at TheStreet.com)

Dollar falls after U.S. job losses top forecasts

Holiday Outlook Gloomier After Weak October Sales

Unemployed Nation: America’s Shrinking Payroll ABC News | In the first ten months of this year, the nation’s employers have cut nearly 1.2 million jobs and the unemployment rate is now at 6.5 percent

GM reports $2.5B 3Q loss, says running out of cash (AP) General Motors Corp. reported a $2.5 billion loss in the third quarter and warned Friday that it could run out of cash in 2009.

GM operating loss $4 billion, Ford operating loss $3 billiion

Obama’s Council On Foreign Relations Crew Steve Watson | Out with the old regime, in with the old regime.

14 more civilians die in US strike in Waziristan

Barack Obama: Brought to you by the New World Order

Obama’s Anti-Gun Agenda Spurs Record Firearms Sales

No “Change” In Israeli Manipulation Of U.S. Foreign Policy Under Obama President elect Barack Obama’s first act of “change” upon winning the Democratic presidential nomination back in June was to don a joint US-Israeli label pin, head on over to AIPAC and prostrate himself in front of the Israeli lobby, vowing to keep military action in mind for Iran and promising to hand over another $30 billion of American taxpayers’ money in military assistance to the Zionist state.

Obama’s American Dream: Servitude Kurt Nimmo | Obama’s American dream includes forced labor and mandatory servitude for all Americans, including the elderly.

Emanuel’s father: His son will not “clean the floors of the White House” like an Arab Jerusalem Post | Dr. Benjamin Emanuel said he was convinced that his son’s appointment would be good for Israel. “Obviously he will influence the president to be pro-Israel,” he was quoted as saying. “Why wouldn’t he be? What is he, an Arab? He’s not going to clean the floors of the White House.”

GM Reports $2.5B Loss... ...May Not Have Enough Cash to Finish Year Stock Rocked...

Wall St. has worst week of a presidential election... ...

Bloomberg wants more taxes; would raise millions for cash-strapped NYC...

Schwarzenegger: $4.4B in tax hikes...
States consider billions in cuts...

Holiday Outlook Gloomier After Weak October Sales

World markets tumble on renewed economic fears

Who’s going to Finance the rising US National Debt?

Troops hope Obama brings them home as ‘Commander in Chief’

Wall St extends losses on economic gloom Stocks extended their sell-off on Thursday as concerns of a worsening economic downturn were fueled by a disappointing revenue outlook from Cisco Systems and bleak sales from major U.S. retailers.
STOCKS CONTINUE POST-ELECTION PLUNGE...
Dow, S&P 500 Post Worst Two-Day Decline Since 1987...

Editorial: Don’t pin much hope on Obama 7 November 2008 …..But a president whose deputy is Joe Biden, a man who last year said that israel is “the single greatest strength america has in the Middle East (oh yes…suuuure…can’t you see the economic and geopolitical benefits america has derived from following israeli policy in the middle east)” and who is proud to call himself a Zionist, is not going to turn his back on the Israelis. His appointment of Rahm Emanual as his chief of staff makes that doubly certain. Emanual is an even more convinced Zionist (his father was a member of the Zionist terror organization Irgun), not to mention a prominent figure in the US Jewish lobby. Far from challenging Israel, the new team may turn out to be as pro-Israeli as the one it is replacing….. Barack Obama, Neocon

Obama’s Treasury Candidates: Old Guard Of The Corporate Elite

Obama Supporter Waves Communist Flag at Victory Celebration Outside White House

Ron Paul: Republicans Have Lost All Credibility; But Obama’s Core Policies Mirror Bush

Will Obama Keep His Promise To Reverse Bush Executive Orders?
VOTER TURN-OUT SAME AS 2004... Day One: Obama faces Cold War threat and warning from Israel...

Rahm Emanuel and Obama’s Civilian Security Force Kurt Nimmo | If Obama’s soon-to-be chief of staff stabs a knife into a table while denouncing the enemies of his former boss, Bill Clinton, it does not take a lot of imagination to predict how Obama’s Civilian Security Force will be used.

Obama’s First Appointment Is Son Of Zionist Terrorist Buckling to terrorist israeli pressure President elect Barack Obama’s first appointment, Rahm Emanuel, who is set to become chief-of-staff, is the son of a member of the Zionist terrorist group Irgun, which was responsible for bombing hotels, marketplaces as well as the infamous Deir Yassin massacre, in which hundreds of Palestinian villagers including women, children, and babies were slaughtered.

U.S. to Sell $55 Billion in Long-Term Debt Next Week The U.S. Treasury said it plans to sell $55 billion in long-term government debt this quarter and bring back auctions of three-year notes, as a slowing economy/runaway spending balloons the budget deficit to a record level.

Treasury wants to borrow record $550B...

U.S. Stocks Drop on Economic Concern

Fresh U.S. air raid kills Afghan civilians: officials

Stocks Have Biggest Post-Election Slump.... History List...

U.S. border police arrest Mexican troops

Mexican officials held for selling intel to drug cartels

US-led strike kills 36 Afghan civilians

General Motors Bankruptcy? An Economic Nightmare

Ex-Bear Stearns exec now at Fed (AP) The former chief risk officer at investment bank Bear Stearns Cos., which nearly collapsed in March, is now a senior official of the Federal Reserve division that supervises U.S. banks. Brilliant….riiiiight!

Some owners deserting factories in China

UPDATE - Japan seen slipping into recession in Q3

Czech opposition demands top court examine U.S. missile deal

EXIT POLLS CLAIM 'OBAMA +15' IN PA... drudge DEVELOPING...
TOO CLOSE TO CALL AT CLOSE: FL, IN, OH...
MCCAIN KEEPING AZ... drudge DEVELOPING...
DEM EARTHQUAKE...
'LANDSLIDE'
1 President, 35 Senate Seats, 435 House, 11 Govs... drudge DEVELOPING...
SENATE: DEMS SEE 58 SEATS; EXIT POLLS SHOW OBAMA BIG

US defense secretary insanely and incompetently expands pre-emptive war doctrine to include nuclear strikes

Israeli troops kill civilian in Gaza raid: Hamas (Reuters)

US military raid inside Syria's border

Flashback: Max Keiser Calls Paulson and the Bankers “Financial Terrorists”

They Made a Killing: The Use of Knowledge of Covert Operations in the Stock Market

Worst is yet to come for economy

Uses for $700 billion bailout money ever shifting

Alan Greenspan’s 18 year crime spree was “a mistake”

Thousands of hedge funds, banks, companies on brink of failure

Americans Don’t Want a Corporate Bailout U.S. News & World Report | Americans want the free market and not Washington to decide which companies live or die.

Medvedev: US to blame for global financial crisis

Debt linked to huge buyouts is tightening the vise

Inflation, Stagflation, Are Looming Threat

Evidence of a recession piles higher with new data

Ex-CIA Man Warned Top Executives To Leave New York On 9/11

AP IMPACT: Flood of wounded GIs swamps care units (AP)

Prince Turki accuses US government of doublespeak

Israeli security chief warns of assassination by israelis to thwart peace...

Pakistan warns US over missile strikes Pakistan’s Defense Minister Chaudhry Ahmad Mukhtar has warned the US General David Petraeus of growing anti-American sentiments in the country.

RAND (think stink tank with new plan based upon the Iraq plan debacle that worked so well for the u.s. and the deficit laden economy) Lobbies Pentagon: Start War To Save U.S. Economy Paul Joseph Watson | EXCLUSIVE: Shocking proposal urges military leaders to attack major foreign power.

Lies and Audiotape: Morgan Chase Exec Brags Bailout Is for Compensation/Bonuses, Takeovers, Restructuring, Not Lending Boston Globe | Congressional investigators demanded State Street Corp., Citigroup Inc., and seven other banks justify billions of dollars in pay and bonuses after they accepted $125 billion as part of a taxpayer-funded bailout.
U.S. Economy: GDP Shrinks (even with fake better than expected GDP numbers from corrupt commerce department) at Fastest Pace Since 2001 The government falsely reported Thursday that the economy shrank only 0.3 percent in the July-September period, still a significant slowdown after growth of 2.8 percent in the prior quarter in the summer, sending the strongest signal yet that a deep recession has already begun. Consumer spending, which accounts for two-thirds of the economy, dropped by the largest amount in 28 years in the third quarter. One expert says multiple levels of things going wrong in u.s. recession, ie., consumer spending down and declining, housing recession, fraudulently worthless investments, worthless Weimar dollars that are being printed/created like mad, etc.. Another expert says fake GDP number in 3rd quarter does not capture slowdown which will be reflected in 4th quarter with minimum 2-4% decline.
Asian shares fall, to post worst month ever

Consumer Confidence and Dollar Plunge; Oil Prices Soar

Georgia accused of targeting civilians

The 2008 land grab for food and financial security
Israel demolishes dozens of West Bank shacks (AP)
Spector killed actress in fit of rage: prosecutor

11-06-08 Barack Obama wins american presidency (by what is close to but dare not be called landslide) ….. Congratulations! … (dated 10-31-08)

It's Year Five, Do You Know Where Your Senators Are? OpEdNews

Airstrike Kills 7 Afghan Children

International law breaker israel to Get $30bn US aid (money that u.s. doesn’t really have) cementing america’s global decline even as defacto bankrupt u.s is in drastic need of aid

U.S. far down the list of most peaceful nations, study shows The Associated Press Published: May 30, 2007

US Air Strike Kills 7 Afghan Children, Army Says (Update2) Bloomberg - By Ed Johnson June 18 (Bloomberg) -- Seven Afghan schoolchildren were killed yesterday in a coalition air strike against a suspected al-Qaeda safe house in eastern Paktika province that also left several militants dead, the US military said.
Children die in Afghan bombing ABC Online
Airstrike on al Qaeda kills 7 children CNN

Karzai Calls Coalition ‘Careless’ New York Times - By BARRY BEARAK KABUL, Afghanistan, June 23 - Somber, impatient and angry, President Hamid Karzai of Afghanistan on Saturday accused the United States military and its NATO allies of carrying out “careless operations” that lead to civilian casualties, ...
Afghan President angry over civilian deaths ABC Online
Karzai says US and NATO are careless Houston Chronicle

US charges two soldiers with premeditated murder Taipei Times

Canada among world's most peaceful nations The United States and Iran finished in a virtual dead heat, and way down the list, in a magazine's assessment of the peacefulness of 121 countries. Meaningfully lawless uncivilized criminal nation america has added their tainted touch to bring Iraq down to dead last on the list; and, don’t forget war criminal nation america has probably played a role in Iran’s status in light of criminal america’s op’s to destabilize Iran. In sum, the study/ranking confirms if not understates my own direct observation and experience with meaningfully lawless criminal america.
Finland ranks as world's sixth most peaceful country Helsingin Sanomat
Norway tops peaceful nation list, Iraq rates lowest Radio Australia
Magazine's 'peace index' puts US, Iran near bottom of list, Canada ...
Norway tops peaceful nation list, Iraq (thanks to america) rates lowest Iraq (thanks to criminal nation america) was in last place, with Sudan and international war criminal nation israel just above. Some two-dozen indicators were used, including wars fought in the past five years, arms sales, prison populations and incidence of crime.
Britain drops down peace table Metro, UK - May 30, 2007
The wars in Iraq and Afghanistan have pushed Britain down into criminal america’s league of violent/unpeaceful nations.
Ghana: World's 40th most peaceful The Statesman Online, Ghana - Scandinavian countries are the most peaceful in the world. New Zealand ranks second and Denmark third on the list, which notably puts Japan near the top and ...
UAE Ranks Among World's Top 50 Peaceful Countries Bernama, Malaysia - ABU DHABI, May 31 (Bernama) -- The UAE is in the top 50 of the world's more peaceful nations, and is the third most peaceful Gulf country,
Iran, US have something in common: Both rank high in violence Detroit Free Press
The United States and Iran finished in a virtual dead heat, and way down the list, in a magazine's assessment of the peacefulness of 121 countries. Meaningfully lawless uncivilized criminal nation america has added their tainted touch to bring Iraq down to dead last on the list; and, don’t forget war criminal nation america has probably played a role in Iran’s status in light of criminal america’s op’s to destabilize Iran. In sum, the study/ranking confirms if not understates my own direct observation and experience with meaningfully lawless criminal america.
New Peace Index Ranks US Among Worst Nations Chosun Ilbo, South Korea - A new study has ranked Norway as the most peaceful country in the world, while placing the US near the bottom.
US ranks low, just above Iran on peace index China Daily, China - WASHINGTON - The United States is among the least peaceful nations in the world, ranking 96th between Yemen and Iran, according to a new index released on 5-31-07.
The data were drawn from the United Nations, the World Bank, peace groups and the magazine researchers' own assessments, Williamson said. "We are just mechanics and technicians behind the index," he said. Norway was rated as the country most at peace, followed by New Zealand, Denmark, Ireland and Japan. Canada placed eighth, behind Finland and Sweden. Iraq was in last place, with Sudan and international war criminal nation israel just above. The united states is among the least peaceful nations in the world. Some two-dozen indicators were used, including wars fought in the past five years, violence, organized crime, arms sales, prison populations and incidence of crime.
In sum, the study/ranking confirms if not understates my own direct observation and experience with meaningfully lawless criminal america.

10 Most peaceful

1. Norway
2. New Zealand
3. Denmark
4. Ireland
5. Japan
6. Finland
7. Sweden
8. Canada
9. Portugal
10. Austria

The least peaceful

97. united states Violent Crime Up For Second Year
112: Angola
113. Ivory Coast
114. Lebanon
115. Pakistan
116. Colombia
117. Nigeria
118. Russia
119. Israel 'COUNTDOWN' TO ISRAEL'S END Yeah!
120. Sudan
121. Iraq

Former FBI head louie freeh, considered the most corrupt (and also the dumbest) director in FBI history, realizing it’s all coming back on him, the corrupt, incompetent jersey city boy, with few legitimate marketable skills, bought and paid for, cashed out and who endorses mob man Giuliani for 2008...

Judicial Watch
... friendly page For Immediate Release Oct 8, 2002 Contact: Press Office 202-646-5188 LOUIS FREEH WILL NOT ESCAPE ACCOUNTABILITY Judicial Watch Lawsuits and Investigations Seek To Hold Him ...
Description: Judicial Watch is a non-profit, public interest law firm dedicated to fighting government corruption.
http://www.judicialwatch.org/2619.shtml - Click here

LOUIS FREEH WILL NOT ESCAPE ACCOUNTABILITY
... For Immediate Release Oct 8, 2002 Contact: Press Office 202-646-5188 LOUIS FREEH WILL NOT ESCAPE ACCOUNTABILITY Judicial Watch Lawsuits and Investigations Seek To Hold Him Accountable ...
Description: no description
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Judicial Watch
... CASE BY ENERGY DEPARTMENT WHISTLEBLOWER TO PROCEED AGAINST FORMER FBI DIRECTOR LOUIS FREEH NOTRA TRULOCK ALLEGES ILLEGAL FBI SEARCH AND SEIZURE IN RETALIATION FOR ARTICLE CRITICAL OF ...
Description: Judicial Watch is a non-profit, public interest law firm dedicated to fighting government corruption.
http://www.judicialwatch.org/1107.shtml - Click here

JUDICIAL WATCH VICTORY: APPEALS COURT ALLOWS CIVIL RIGHTS CASE BY ENERGY DEPARTMENT WHISTLEBLOWER TO PROCEED AGAINST FORMER FBI DIRECTOR LOUIS FREEH
... CASE BY ENERGY DEPARTMENT WHISTLEBLOWER TO PROCEED AGAINST FORMER FBI DIRECTOR LOUIS FREEH NOTRA TRULOCK ALLEGES ILLEGAL FBI SEARCH AND SEIZURE IN RETALIATION FOR ARTICLE CRITICAL OF ...
Description: no description
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Judicial Watch
... BUSH ADMINISTRATION EFFORT TO BLOCK CIVIL RIGHTS SUIT AGAINST FORMER FBI DIRECTOR LOUIS FREEH BY ENERGY DEPARTMENT WHISTLEBLOWER NOTRA TRULOCK (Washington, DC) Judicial Watch also announced ...
Description: Judicial Watch is a non-profit, public interest law firm dedicated to fighting government corruption.
http://www.judicialwatch.org/1761.shtml - Click here

Judicial Watch
... Contact: Press Office 202-646-5188 SUPREME COURT RULES AGAINST FORMER FBI DIRECTOR LOUIS FREEH Judicial Watch Wins Victory on Behalf of Client Notra Trulock Case to Proceed to Discovery ...
Description: Judicial Watch is a non-profit, public interest law firm dedicated to fighting government corruption.
http://www.judicialwatch.org/2814.shtml - Click here

JUDICIAL WATCH VICTORIES
... BUSH ADMINISTRATION EFFORT TO BLOCK CIVIL RIGHTS SUIT AGAINST FORMER FBI DIRECTOR LOUIS FREEH BY ENERGY DEPARTMENT WHISTLEBLOWER NOTRA TRULOCK (Washington, DC) Judicial Watch also announced ...
Description: no description
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SUPREME COURT RULES AGAINST FORMER FBI DIRECTOR LOUIS FREEH
... Contact: Press Office 202-646-5188 SUPREME COURT RULES AGAINST FORMER FBI DIRECTOR LOUIS FREEH Judicial Watch Wins Victory on Behalf of Client Notra Trulock Case to Proceed to Discovery ...
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Judicial Watch
... directed against him by Clinton administration officials, former FBI Director Louis Freeh, and the now thoroughly discredited FBI. Trulock’s First Amendment rights were violated by ...
Description: Judicial Watch is a non-profit, public interest law firm dedicated to fighting government corruption.
http://www.judicialwatch.org/3431.shtml - Click here

JUDICIAL WATCH VICTORY: JUDGE ORDERS CIA TO PRODUCE TRULOCK DOCUMENTS FOR REVIEW
... directed against him by Clinton administration officials, former FBI Director Louis Freeh, and the now thoroughly discredited FBI. Trulock’s First Amendment rights were violated by ...
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Judicial Watch
... Circuit. This reinstated case involves Trulock's claims against former FBI Director Louis Freeh for violating his constitutional rights. “The Bush Justice Department feared that if the Trulock ...
Description: Judicial Watch is a non-profit, public interest law firm dedicated to fighting government corruption.
http://www.judicialwatch.org/1431.shtml - Click here

Judicial Watch
... wiretap warrant applications by FBI agents (signed-off by the former FBI Director, Louis Freeh) to the Foreign Intelligence Surveillance Act (FISA) Court. Prior to September 11th, SA Wright ...
Description: Judicial Watch is a non-profit, public interest law firm dedicated to fighting government corruption.
http://www.judicialwatch.org/2469.shtml - Click here

Judicial Watch
... waiting for documents to be produced by the government. Notra Trulock’s case against Louis Freeh was settled in early 2004. Notra Trulock’s case against Wen Ho Lee ended with a summary judgment ...
Description: Judicial Watch is a non-profit, public interest law firm dedicated to fighting government corruption.
http://www.judicialwatch.org/ntrulock.shtml - Click here

TRULOCK CASE AGAINST WEN HO LEE DISMISSED AT REQUEST OF PRESIDENT BUSH
... Circuit. This reinstated case involves Trulock's claims against former FBI Director Louis Freeh for violating his constitutional rights. “The Bush Justice Department feared that if the Trulock ...
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FBI AGENT ROBERT WRIGHT SAYS FBI AGENTS ASSIGNED TO INTELLIGENCE OPERATIONS CONTINUE TO PROTECT TERRORISTS FROM CRIMINAL INVESTIGATIONS AND PROSECUTIONS
... wiretap warrant applications by FBI agents (signed-off by the former FBI Director, Louis Freeh) to the Foreign Intelligence Surveillance Act (FISA) Court. Prior to September 11th, SA Wright ...
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Notra Trulock v. Wen Ho Lee, et al.
... waiting for documents to be produced by the government. Notra Trulock’s case against Louis Freeh was settled in early 2004. Notra Trulock’s case against Wen Ho Lee ended with a summary judgment ...
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It's Year Five, Do You Know Where Your Senators Are? OpEdNews

(1-7-08) With sloth-like reflexes and speed the lazy, fallible frauds on wall street now recognize, yes we’re already in a recession. Forget Bulls/Bears. Their new mascot: The Prehistoric Sloth. Sloths all, the lunatic/frauds on wall street are slothish on america.

SELLER

Lawrence York

· · Industrial production plunged 2.8% in September, the biggest drop since September 1974.

· · The Philadelphia Fed's manufacturing index slumped to its lowest level since October 1990.

· · The National Association of Home Builders' housing market index hit a record low.

· · The Fed's October Beige Book showed across-the-board weakening of activity in all 12 reporting districts.

· · September retail sales fell 1.2%, the biggest drop since Aug. 2005.

UK's Standing Declines on Corruption Index The revelation earlier this year that members of the UK parliament milked the expense-claims system made a laughing stock of British politicians. New Zealand tops Denmark as world's least corrupt nation Reuters

‘These people just want to be left alone’ Real News Network | In Afghaninstan the US soldiers are losing heart for a fight they feel their presence is only prolonging.

Washington wisely hunts a way out of Afghanistan Finally, it seems, the penny has dropped. America’s ‘good war’ cannot be won militarily. Signs indicate that the US president, who was so gung ho on Afghanistan before taking office, has got the message....

israel: Clash at a Border Crossing New York Times - By REUTERS Israeli soldiers shot and killed a Palestinian and wounded two others in a confrontation near a Gaza Strip border crossing on Friday…

Israel Lobby Routs Obama As Dollar Dies It did not take the Israel Lobby long to make mincemeat out of the Obama administration’s “no new settlements” position.

Envoy urges no US troop increase BBC News The US ambassador in Kabul has written to the White House arguing against sending thousands more American troops to Afghanistan. In a leaked cable, Karl Eikenberry expressed doubts about the competence of President Hamid Karzai's government.

Texas Gov. Rick Perry: “There Were Three Shooters” Texas Gov. Rick Perry comments on the Ft. Hood shooting, noting that “there were three shooters”.

‘US using Iran as excuse to boost military budget’ Press TV | Iran’s army chief says by accusing the Islamic Republic of pursuing a military nuclear program the US government is seeking to escalate its military spending budget.

Be Prepared for the Worst Ron Paul | The large-scale government intervention in the economy is going to end badly. We Can’t Solve Our Problems With More of the Same

Ron Paul: Sanctions on Iran are an Act of War Infowars | Dr. Paul explained to his colleagues the reasons for his opposition to the Iranian sanctions legislation.

US scientist faces death for plot to spy for Israel A top US scientist who once worked for the Pentagon and Nasa could face execution for allegedly offering to sell secrets to Israel for $2 million (£1.2 million), according to documents filed in federal court.

Palestinian officials criticize US over Israeli settlements Washington Post

Capitalism, Socialism or Fascism? How about corruptionism? What is the current American economy: capitalism, socialism or fascism? Looks like corruptionism/declinism/venalism?

Time to accept a nuclear Iran PRESS TV President George W. Bush, backed by a well-known neo-con crew as well as the gang in Tel Aviv, did all he could to formulate his war-loving foreign policy to force his successor manage a third military conflict in the Middle East.

DRUDGEREPORT: 14 AMERICANS KILLED IN AFGHANISTAN... Obama plays more golf in 9 months than Bush did in nearly three years... Troops hope Afghan sacrifices not in vain... Morale dips... War fatalities leave Obama with dilemma...

5 DISTURBING FACTS FOR THE BULLS By Simon Maierhofer

Bought and Paid For Lobbyists from the financial industry have paid hundreds of millions to Congress and the Obama administration.

Congresswoman Kaptur: There Has Been a Financial Coup D’Etat In Michael Moore’s new film Capitalism: A Love Story, Congresswoman Kaptur says there has been a financial coup d’etat, and that Wall Street – rather than Congress – is in charge.

What Is Money? Part 5: Fractional Reserve Banking The heart of the modern monetary system is fractional reserve banking. This system is based on fraud. At the very heart of the modern economy is fraud – fraud on a gigantic scale.

1. We are well into recovery and should entering a maturing growth phase of the business cycle within a couple of years; or

2. We are still declining from the 2000 market high and the current rally will have to give back substantial portions of the gains before long-term market growth can be maintained; or

3. We are still declining from the 2000 market high and have not yet reached the bottom.

Iran: israel's threats inexplicable Iran's ambassador to UN demands Security Council take steps against comments made by Ephraim Sneh, who said israel would attack Iran if sanctions weren't in place by Christmas

· Succumbing to tunnel vision.

· Being overly reliant on experts.

· Not realizing how much we're influenced by peer pressure.

· Viewing each problem as unique.

· Illusion of understanding.

· Assuming there's a definitive answer.

· Assuming all risks are factored in.

· Confusing luck versus skill.

(1-7-08) With sloth-like reflexes and speed the lazy, fallible frauds on wall street now recognize, yes we’re already in a recession. Forget Bulls/Bears. Their new mascot:
The Prehistoric Sloth. Sloths all, the lunatic/frauds on wall street are slothish on america.

DRUDGEREPORT: 14 AMERICANS KILLED IN AFGHANISTAN...
Obama plays more golf in 9 months than Bush did in nearly three years...
Troops hope Afghan sacrifices not in vain...
Morale dips...
War fatalities leave Obama with dilemma...