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PAST/CURRENT EVENTS AFFECTING FUTURE EVENTS

Israel’s 60 years of nuclear proliferation May 13, 2008
Unnecessary Wars as is bush’s Iraq Debacle: How Empires Such as Britain and Now america Fall
Bugliosi: George W. Bush Should be Tried for Mass Murder
Einstein letter: Belief in God 'childish,' Jews not chosen people...
Obama promises no let-up in his competition with other candidates as to who can be the most american-self-destructively supportive of International war criminal nation israel
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http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm

What a pathetic, propagandist rag and failed paper usa today most assuredly is! The truth really hurts controlled media/government shills like the declining usa today. Easily replaceable.

(8-18-08) DOW -180.51 NASDAQ - 35.54 S&P - 19.60 [Still great opportunity to sell/take profits since all problems remain and dollar mini-spike short-lived. 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., all news bad though fudged to upside for election year. 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).] [CLOSE- OIL $112.87 (RECORD TRADING HIGH $147.27) GAS $3.83(reg. gas in LAND OF FRUITS AND NUTS $3.98 REG./ $4.91 MID-GRADE/ $5.00 PREM./ $4.66 DIESEL)/ GOLD $800/ SILVER $13.05 / PLATINUM $1,377/ DOLLAR= .67 EURO, 109 YEN, .53 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.82% 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… News flow was relatively light Monday, but participants still found an excuse to take money off the table. Their selling efforts pushed the major indices substantially lower; each finished a bit above their session lows. The early morning mood had been generally upbeat, but as oil prices reversed declines, stocks were sent lower. Stocks then stayed there for the rest of the session as focus returned to the troubles of government-sponsored enterprises Fannie Mae (FNM 6.15, -1.76) and Freddie Mac (FRE 4.39, -1.46), even though crude settled lower below the $113 per barrel mark. The two were spotlighted in a weekend Barron's article that suggests the Treasury may need to recapitalize the duo sooner rather than later. Trading volume climbed in the two, but the increase was not reflected in the broader market. The lack of volume in the broader market suggests there is no real fear in the market for this matter. Instead, it provided an excuse for participants to take profits. Despite the session's decline the stock market is still up 6.5% and the financial sector is up 22% since the July 15 low. The financial sector finished the session 3.6% lower. Other news stories were given secondary status. In the tech sector (-1.3%), video game maker Electronic Arts (ERTS 47.76, -0.48) is letting its offer for Take-Two Interactive (TTWO 23.75, -1.09) expire tonight. However, Electronic Arts will join in Take-Two's review of strategic alternatives. Home improvement retailer Lowe's (LOW 24.54, +0.04) posted better-than-expected earnings per share results for its latest quarter, but issued a mixed outlook. Meanwhile, mining outfit BHP Billiton (BHP 65.48, +0.26) posted its sixth record full-year profit and offered an upbeat outlook, according to an article in this morning's edition of The Wall Street Journal. Still, without any clear leader and selling abounding, only one sector was able to finish the session with any sort of gain: the defensive-orientated utilities sector (+0.1%). Utilities hit a 52-week low earlier this month and are up little more than 2% since. DJ30 -180.51 NASDAQ -35.54 NQ100 -1.3% R2K -1.5% SP400 -1.3% SP500 -19.60 NASDAQ Adv/Vol/Dec 880/1.68 bln/1935 NYSE Adv/Vol/Dec 888/984 mln/2228.… AP Business Highlights … U.S. Economy: The Worst is Yet to Come ,

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. [END OF FIRST QUARTER DOW –8%, NASDAQ-14%, AND S&P-10%. WALL STREET IS A JOKE THAT IS NOT FUNNY]. ISRAEL STILL TRYING TO MAKE THEIR SELF-CREATED PROBLEMS AMERICA’S PROBLEMS (THEY CHEERED THE 911 TWIN TOWERS BOMBING, THEY’RE STILL IN VIOLATION OF AND HAVE NOT SIGNED THE NUCLEAR NON-PROLIFERATION TREATY, ISRAEL REMAINS IN VIOLATION OF UN RESOLUTIONS 242, 338, ETC., AND VIOLATES INTERNATIONAL LAW REGULARLY, ETC.) AS OIL HITS NEW RECORD INTRA-DAY HIGH AT $123.80 AS FOOD PRICES DOUBLED YEAR 0VER YEAR. AN ECONOMIST CITES INFLATION AS THE KEY CONCERN SAYING THIS IS THE 70’S ALL OVER AGAIN, VIZ., STAGFLATION, ETC., AND THAT FOOD, ENERGY, AND HEALTH CARE COSTS UP SHARPLY WHILE THE BELEAGUERED CONSUMER IS PRESSED AND TAKING ON DEBT (UP $15 BILLION). ONE ANALYST SAYS HIGH OIL WILL BE IMPACTING BUSINESSES AS WELL AS CONSUMERS (DAAAAAH!) AND REFINERS SAY THEY CAN’T MAKE MONEY IN THIS ENVIRONMENT. FAKE BETTER THAN EXPECTED PRODUCTIVITY GAIN TO 2.2% (1.5% EXPECTED) ACTUALLY ATTRIBUTABLE IF AT ALL TO JOB LOSSES AND NO OVERTIME OR RAISES. MEANWHILE, FOLLOWING AMERICA’S LEAD, CALIFORNIA CITY FILES BANKRUPTCY JOINING MANY AND MANY TO COME. (5-6-08) (DOW +51, NASDAQ +19, S&P +10) [CLOSE- OIL $121.84 (NEW RECORD) GAS $3.66 (NEW NATIONWIDE AVG. RECORD)/ GOLD $877.70/ SILVER $16.86/ PLATINUM $1969.80/ DOLLAR= .64 EURO, 104 YEN, .506 POUND STERLING, ETC. (HOW LOW CAN YOU GO - LOWER)/ 10 YR NOTE YIELD 3.92%]. 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. [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. RECORD DAY IN TERMS OF BAD NEWS WITH NEW MOON BRINGS THE BAD NEWS BULLS OUT IN DROVES TO KEEP THE COMMISSION FRAUD ROLLING AS OIL HITS $122.73 INTRA-DAY HIGH, FANNIE MAE REPORTS SHARP ($2.2 BILLION) LOSSES/DIVIDEND CUT/FLOAT OF NEW DILUTING STOCK, D.H. HORTON WITH SHARP LOSSES, AND UBS WITH $11.4 BILLION LOSS/JOB CUTS AND STOCKS RALLY…..RIIIIIGHT!…ONE ECONOMIST SAYS ALL INDICATORS DOWN YEAR OVER YEAR, WE’RE CLEARLY SLIDING INTO RECESSION (THAT WE’RE ALREADY IN). ANOTHER ECONOMIST SAYS THE HIGH OIL/WEAK DOLLAR IS DISASTEROUS, RISING FOOD AND ENERGY COSTS IN THE 7-10 YEAR PERIOD OF HIGH COMMODITY PRICES AS DOLLAR DECLINES, SUPPLIERS/RETAILERS RAISE PRICES, ETC., BUT IS PURPLEXED AS TO WHY SAME IS NOT BEING REFLECTED IN GOVERNMENT/INFLATION REPORTS/DATA WHICH WINS NAIVETY AWARD IN LIGHT OF THE REALITY OF THIS TYPICAL GOVERNMENT LIE/FRAUD PARTICULARLY IN THIS ELECTION YEAR. AN OIL ANALYST SAYS BAD NEWS KEEPS ON COMING, THAT BETWEEN SUPPLY PROBLEMS AND MONETARY POLICY (THEY’RE PRINTING THOSE WORTHLESS DOLLARS LIKE MAD, THAT ALTHOUGH U.S. DEMAND IS DOWN CHINA DEMAND IS UP, THAT THE $150-$200 OIL PRICE PREDICTED BY GOLDMAN IS REALISTIC AND THAT WE’LL BLOW THROUGH THE $4.00/GALLON GAS TO $4.25-$4.50 AND SEES NO BREAK IN PRICES. SHREVE OF IBD GETS OUT THE POM POMS AND CHEERS THE WALL STREET LUNACY SAYING ROSY WITH THE MARKET SHRUGGING OFF THE BAD NEWS (IRRATIONAL EXUBERANCE WE BEEN TOLD IN THE PAST WHICH GOT US TO THIS CRISIS) BECAUSE THE MARKET WANTS TO GO HIGHER (YES, IN SHREVE’S MIND THE MARKET’S A LIVING ENTITY WITH A MIND OF IT’S OWN WHICH FOR A SHORT TIME CAN IGNORE REALITY TO SUCK IN THEIR ‘MARKS’ AND PERPETRATE THEIR CONTINUING FRAUD). YES, STAGGERING LOSSES, TRADE/BUDGET DEFICITS, WORTHLESS WEIMAR DOLLAR, AND AN OIL CRISIS MEAN HIGHER STOCK PRICES IN THE ALICE-IN-WONDERLAND FRAUDULENT WORLD OF WALL STREET. REALITY: THIS IS A BEAR MARKET IN A SECULAR BEAR MARKET IN A RECESSIVE ECONOMY IN A SECULAR (AND QUITE PERMANENT-THEY’VE MADE ALL THE WRONG CHOICES) ECONOMIC DOWNTREND IN THE U.S. ONE ANALYST/REPORTER/ JOURNALIST FROM INSIDE SOURCES PEGS THE SUB-PRIME DOLLAR VALUE OF THE SHILLED WORTHLESS PAPER AT $516 TRILLION (EVEN A PERCENTAGE OF SAME RENDERS THE PROBLEM UNFIXABLE-HENCE, CULPABLE PARTIES MUST BE HELD ACCOUNTABLE AND DISGORGE THEIR ILL-GOTTEN GAINS FROM, IE., COMMISSIONING WORTHLESS PAPER, TAKING A POINT HERE OR THERE AND FRAUDULENTLY PASSING SAME ON, AD INFINITUM, ETC.). TIME TO PUT THE WALL STREET AMONG OTHER CORPORATE FRAUDS IN JAIL AND REQUIRE FINES, PENALTIES AND DISGORGEMENT OF THEIR ILL-GOTTEN GAINS. WALL STREET’S PROGRAMMED TRADE FRAUD SHOULD BE PROSECUTED VIGOROUSLY AND HARSHLY AS THEY START NEW BUBBLE AND ABSENT PROSECUTION, IT IS THE PROSECUTORS WHO BEAR COMPLICITY IN THE FRAUD. [PLEASE NOTE: I SELDOM NAME ANALYSTS/REPORTERS/JOURNALISTS BEARING NOT SO GLAD TIDINGS FOR FEAR THEY’LL BE CRUCIFIED BY THE FRAUDS ON WALL STREET].

· The largest casino is in Macao, which overtook Las Vegas in gambling revenues last year.

· America no longer dominates even its favorite sport, shopping. The Mall of America in Minnesota once boasted that it was the largest shopping mall in the world. Today it wouldn't make the top ten.

· In the most recent rankings, only two of the world's ten richest people are American. These lists are arbitrary and a bit silly, but consider that only ten years ago, the United States would have serenely topped almost every one of these categories.These factoids reflect a seismic shift in power and attitudes. It is one that I sense when I travel around the world.....

LEE IACOCCA SPEAKS OUT ABOUT AMERICA Kipper Mathews These words by Lee Iacocca are excerpts from his new book and have been circulating the net lately. I couldn’t help but spread the word as his opinions are my feelings as well.

I am not taking any responsibility for their accuracy, I’m just passing on the information received.

‘Am I the only guy in this country who’s fed up with what’s happening? Where the hell is our outrage?

We should be screaming bloody murder. We’ve got a gang of clueless bozos steering our ship of state right over a cliff, we’ve got corporate gangsters stealing us blind, and we can’t even clean up after a hurricane much less build a hybrid car.

But instead of getting mad, everyone sits around and nods their heads when the politicians say, ‘Stay the course’. Stay the course? You’ve got to be kidding. This is America , not the damned ‘Titanic’. I’ll give you a sound bite: ‘Throw all the bums out!’

You might think I’m getting senile, that I’ve gone off my rocker, and maybe I have. But someone has to speak up. I hardly recognize this country anymore.

The most famous business leaders are not the innovators but the guys in handcuffs. While we’re fiddling in Iraq , the Middle East is burning and nobody seems to know what to do. And the press is waving ‘pom-poms’ instead of asking hard questions. That’s not the promise of the ‘America’ my parents and yours traveled across the ocean for. I’ve had enough. How about you?

I’ll go a step further. You can’t call yourself a patriot if you’re not outraged. This is a fight I’m ready and willing to have.

Leaders are made, not born. Leadership is forged in times of crisis. It’s easy to sit there with your feet up on the desk and talk theory. Or send someone else’s kids off to war when you’ve never seen a battlefield yourself. It’s another thing to lead when your world comes tumbling down.On September 11, 2001, we needed a strong leader more than any other time in our history. We needed a steady hand to guide us out of the ashes. A HELL OF A MESS, SO HERE’S WHERE WE STAND. WE’RE IMMERSED IN A BLOODY WAR WITH NO PLAN FOR WINNING AND NO PLAN FOR LEAVING. WE’RE RUNNING THE BIGGEST DEFICIT IN THE HISTORY OF THE COUNTRY. WE’RE LOSING THE MANUFACTURING EDGE TO ASIA, WHILE OUR ONCE-GREAT COMPANIES ARE GETTING SLAUGHTERED BY HEALTH CARE COSTS. GAS PRICES ARE SKYROCKETING, AND NOBODY IN POWER HAS A COHERENT ENERGY POLICY. OUR SCHOOLS ARE IN TROUBLE. OUR BORDERS ARE LIKE SIEVES. THE MIDDLE CLASS IS BEING SQUEEZED EVERY WHICH WAY. THESE ARE TIMES THAT CRY OUT FOR LEADERSHIP…..

AMERICANS BECOMING MORE CROOKED By LARA JAKES JORDAN, Associated Press Writer Thu Apr 17, 7:39 PM ET WASHINGTON - The FBI is grappling with growing numbers of public corruption cases and a surge in mortgage fraud investigations, FBI Director Robert Mueller said Thursday, wondering aloud whether Americans are "becoming more crooked." In a speech to the American Bar Association, Mueller asked the assembled defense lawyers for help in "creating a culture of integrity" by reporting evidence of wrongdoing by politicians and corporate executives alike." Anyone who follows the news these days and sees repeated references to corporate fraud and public corruption might think the nation is in the midst of a moral crisis," Mueller told the defense attorneys. "Have we as a society become more corrupt? [The answer is YES] Or have we in the FBI simply become more adept at rooting out fraud and corruption? [While high regard for the FBI is warranted, the fact is that they are so infinitesimally small a portion of the U.S. population that relative thereto, they are but a genetic aberration (in the most positive sense) when juxtaposed to the inherently criminal american populace at all levels of american society]."…..
SUCH ARE ALSO THE PONDERINGS, MUSINGS EXTANT AT THIS STAGE OF DECLINE/FALL OF ANY SOCIETY/NATION IN AGES PAST; IE., ROME, ETC..

CONGRESS WITH approval ratings of 11% (with similarly low ratings for incompetents, war criminals bush/cheney) for glaring incompetence/corruption still had audacity enough to misuse/fraudulently use their congressional credit cards even as the nation/citizens are drowning in congressionally/executively accumulated debt.
Stephen Barr - OMB Gets Tough on Misuse of Government Credit Cards ...By Stephen Barr Thursday, April 10, 2008; Page D04
A crackdown on the misuse of government credit cards is underway.
The Office of Management and Budget said yesterday that it would welcome Congress's help in disciplining federal employees who misuse their cards, pointing to a Senate bill that would authorize agencies to fire employees for egregious abuse of government credit cards. Employees suspected of fraud would have their cases referred to federal prosecutors. ….. An investigative report released by senators Tuesday showed that government employees used their credit cards in 2005 and 2006 to buy cameras, laptop computers, iPods, high-end suits, lingerie, and steak and booze dinners. The inquiry by the Government Accountability Office was not the first to discover abuse in federal credit card and travel programs. Previous reports by the GAO and inspectors general have documented federal employees using their government cards to buy baseball tickets, jewelry, cellphones, escort services and, in one instance, breast enhancement surgery for a girlfriend. "Here We Go Again," was the headline yesterday on a news release from the Project on Government Oversight, a nonprofit group that investigates corruption in government. It noted that the group uncovered similar problems in 2002.

NEW JERSEY JEW CAUGHT SPYING FOR ISRAEL, GIVING ISRAELIS CLASSIFIED NUKE/SYSTEMS/DEFENSE DOCS (PROBABLE BLACKMAIL POINTS OR JEWS TURN SAME OVER TO, IE., CHINA, ETC.), AND HENCE, IS PROBABLE NOMINEE FOR THE CONGRESSIONAL MEDAL OF HONOR (AND RECIPIENT OF THE GOLDEN MENORAH AWARD FOR IRRATIONAL, SELFLESS, SELF-DESTRUCTIVE AMERICAN SACRIFICE FOR ISRAEL).
American arrested as nuclear spy for Israel By Randall Mikkelsen (Reuters)
U.S. authorities arrested an 84-year-old American on Tuesday suspected of giving Israel secrets on nuclear weapons, fighter jets and missiles in the 1980s in a case with links to imprisoned spy Jonathan Pollard. Ben-Ami Kadish acknowledged his spying in FBI interviews and said he acted out of a belief he was helping Israel, according to court documents. Kadish was accused of reporting to an Israeli government handler who was also a main contact for Pollard, an American citizen serving a life term on a 1985 charge of spying for Israel…..

ISRAEL STILL TRYING TO MAKE THEIR SELF-CREATED PROBLEMS AMERICA’S PROBLEMS (THEY CHEERED THE 911 TWIN TOWERS BOMBING, THEY’RE STILL IN VIOLATION OF AND HAVE NOT SIGNED THE NUCLEAR NON-PROLIFERATION TREATY, ISRAEL REMAINS IN VIOLATION OF UN RESOLUTIONS 242, 338, ETC., AND VIOLATES INTERNATIONAL LAW REGULARLY, ETC.) AS OIL HITS NEW RECORD INTRA-DAY HIGH AT $123.80 AS FOOD PRICES DOUBLED YEAR 0VER YEAR. AMERICA CONTINUES TO SACRIFICE SELF AND SOVEREIGNTY FOR INTERNATIONAL WAR CRIMINAL NATION AND PROVOCATEUR ISRAEL.

‘Ally’ Caught Spying on U.S. Yet Again
The arrest of a New Jersey engineer on charges of conspiracy to pass U.S. military secrets to Israel shows a consistent, continued pattern of spying on its major benefactor, the United States, according to espionage experts.

Daily Mail | Merrill Lynch might not pay any corporation tax for the next 60 years, it emerged today.

Russians 'Seize US Weapons Depot' August 15, 2008 Russia claims to have seized a large depot of US-made arms near the Georgian town of Senaki, as the US Secretary of State flies to Tiblisi for urgent talks to try to bring the conflict with Russia to an end.

The Neocons Do Georgia Paul Craig Roberts | The neoconservatives represent the greatest danger ever faced by the United States and the world. Humanity has no greater enemy.

Just imagine what u.s. reaction would be if Russia did same on canadian or mexican borders.

Flashback: U.S. Troops in Georgia to Stay BBC | U.S. used the bogus war on terror to bulk up Georgia’s military years prior to its rape of South Ossetia.

Russia had no choice but counterattack in S.Ossetia - Gorbachev Former Soviet leader Mikhail Gorbachev said Russia had no choice but to launch a counterattack to Georgia's offensive in breakaway South Ossetia, but it is still possible to find a political solution to the crisis.

This War Has Been Approved By Your Government We Americans got a graphic illustration of the demise of any independent American corporate news media these past few days as the coverage on TV and in print was saturated with reports about John Edwards’ infidelity and, equally important, Russia’s invasion of Georgia.

McCain: Worse than you think He's despised by fellow Vets, especially fellow POWs, not only for cooperating with the enemy, but also for blocking every effort to make sure all American POWs were returned after the war.

Is there some parallel universe where gates says there must be consequences for Russia’s defense of ethnic Russians in Ossetia under attack/killed by u.s./israeli puppet shockvilli/Georgia but not for u.s. war crimes in/illegal invasion of Iraq AND WAR CRIMINAL BUSH REFERS TO RUSSIAN DEFENSE AND RESISTANCE TO AMERICAN/ISRAELI/GEORGIAN INCURSION/KILLINGS AS BULLYING (NOTE GRANADA, IRAQ, ETC., AMONG AMERICAN MARKS).

WHAT A DESPERATE, MEANINGFULLY LAWLESS, AND FAILED NATION IN DECLINE AMERICA MOST ASSUREDLY IS!

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 wall 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).

What way of life is that? Being client state to the meaningfully lawless and first war criminal nationof the 21st century, america which sports by far the highest crime rates in the world? Wake up world!

Russian Cameraman: CNN Aired Misleading Footage Paul Joseph Watson | Broadcaster showed Georgian forces attacking South Ossetia, claimed it was Russians attacking Gori.

The BBC is deliberately distorting the News from the Georgia Region Chimes of Freedom | While the Ossetians claimed over 1000 dead the BBC neither reported this or any newsreel coming out of Ossetia showing the destruction caused by the Georgian shelling of the breakaway republic.

U.S. Arms Cache Found in Kyrgyzstan Kommersant | Observers are both pointing out reasons to be alarmed at the incident and reasoning that the United States has little reason to create a provocation in Kyrgyzstan but rationality is not the test and doesn’t rule out the bloodthirsty war criminal acts of american criminals.

Using Georgia to Target Russia Stephen Lendman | Welcome to the new wasteful Cold War and new Great Scam to fleece/fraud through continued/higher wasteful budgets/spending for same, what a new administration will inherit next year.

Russia: US gave nod to Georgia Russia says that Georgia's attack on the independence-seeking region of South Ossetia was likely executed with the United States' approval.

LA Times: A classic example of Disinformation The opinion piece in the online version of the Los Angeles Times (2008.08.12) is a clear and classic example of the type of material western readers are being bombarded with in what appears to be an orchestrated campaign of disinformation to shape public opinion against Russia. As was the case in Iraq, the Western public is being duped by what amounts to a perverse act of manipulation... and is guzzling the bait hook, line and sinker.

Largest International War Criminal Deployment Since 1991 Heads For Persian Gulf

Attacks damaged or destroyed 70% of buildings - Tskhinvali mayor Around 70% of buildings in Tskhinvali, the capital of South Ossetia, have been damaged or destroyed since Georgia attacked the republic early last Friday, the city's mayor said on Tuesday.

Stratfor acknowledges Russia defeated US, not Georgian army in South Ossetia The USA acknowledged that Russia had virtually defeated the US, but not the Georgian army in South Ossetia.

Civilians perish as Georgian troops torch church The Regnum news agency is reporting that Georgian troops burned down a 10th century Orthodox church while terrified civilians perished inside.

Israel and the US behind the Georgian aggression. What else is new in the world? There is an obvious Israeli involvement in the present conflict between Georgia and Russia. There are hundreds of Israeli military advisers in Georgia and this is not just the claim of the rather unreliable DebkaFile but also the more respected Ha'aretz expert Yossi Melman, the daily Ma'ariv and also the rather reliable website "News First Class" (NFC).

Civilian Genocide, Dead Americans Cost Of U.S.-Russia Proxy War The truth behind who is primarily responsible for the bloodshed unfolding in South Ossetia and surrounding areas has been buried by the western corporate media. Georgian forces, with a green light from NATO and the support of American and Ukrainian mercenaries, launched a brutal attack targeting civilians and Russian peacekeepers timed to coincide with the opening of the Beijing Olympics so as to temporarily deflect attention before the inevitable Russian response, by which time the global media machine kicked into high gear to smear Russia as the villains of the entire piece.

War criminals bush/cheney/america have no credibility vis-à-vis Russia especially since U.S. Attacked Russia Through Client State Georgia Indeed, Russia need only invoke the bush/cheney/israeli/american doctrine of preemptive war which has been tacitly and overtly endorsed worldwide even when tenuous premises are used to buttress same and even when proven blatantly and knowingly false.

American Mercenary Captured By Russians An American mercenary has been captured by Russian forces along with a number of Georgian soldiers according to a report from the Russian news website Izvestia, providing more evidence that the U.S. and NATO are covertly supporting the Georgian army in a proxy war with Russia.

Did the U.S. Prep Georgia for War with Russia? Georgia and Russia are careening towards war. And the U.S. isn't exactly a detached observer in the fight. The American military has been training and equipping Georgian troops for years.

US hampering Russian peace efforts – Putin The Prime Minister has accused Washington of undermining Russia’s attempts to restore peace in the South Ossetian conflict zone. Vladimir Putin said a decision by the US military to fly 800 Georgian soldiers from Iraq to Georgia showed America was ‘trying to get in the way’.

American Mercenary Captured By Russians cia and mercenaries, americans/israelis stoking flames of war…Paul Joseph Watson | NATO instructor taken hostage with Georgians amid reports of U.S. military commanding thousands of mercs in proxy war.

The BBC is deliberately distorting the News from the Georgia Region Chimes of Freedom | While the Ossetians claimed over 1000 dead the BBC neither reported this or any newsreel coming out of Ossetia showing the destruction caused by the Georgian shelling of the breakaway republic.

U.S. Arms Cache Found in Kyrgyzstan Kommersant | Observers are both pointing out reasons to be alarmed at the incident and reasoning that the United States has little reason to create a provocation in Kyrgyzstan but rationality is not the test and doesn’t rule out the bloodthirsty war criminal acts of american criminals.

Using Georgia to Target Russia Stephen Lendman | Welcome to the new wasteful Cold War and new Great Scam to fleece/fraud through continued/higher wasteful budgets/spending for same, what a new administration will inherit next year.

Russia: US gave nod to Georgia Russia says that Georgia's attack on the independence-seeking region of South Ossetia was likely executed with the United States' approval.

Civilians perish as Georgian troops torch church The Regnum news agency is reporting that Georgian troops burned down a 10th century Orthodox church while terrified civilians perished inside.

Civilian Genocide, Dead Americans Cost Of U.S.-Russia Proxy War The truth behind who is primarily responsible for the bloodshed unfolding in South Ossetia and surrounding areas has been buried by the western corporate media. Georgian forces, with a green light from NATO and the support of American and Ukrainian mercenaries, launched a brutal attack targeting civilians and Russian peacekeepers timed to coincide with the opening of the Beijing Olympics so as to temporarily deflect attention before the inevitable Russian response, by which time the global media machine kicked into high gear to smear Russia as the villains of the entire piece.

War criminals bush/cheney/america have no credibility vis-à-vis Russia especially since U.S. Attacked Russia Through Client State Georgia Indeed, Russia need only invoke the bush/cheney/israeli/american doctrine of preemptive war which has been tacitly and overtly endorsed worldwide even when tenuous premises are used to buttress same and even when proven blatantly and knowingly false.

American Mercenary Captured By Russians cia and mercenaries, americans/israelis stoking flames of war…Paul Joseph Watson | NATO instructor taken hostage with Georgians amid reports of U.S. military commanding thousands of mercs in proxy war.

America is in decline. Our standard of living is descending to reconnect with our means and more resemble Western Europe’s. We’ve been living on a borrowed standard of living ever since we started replacing organic growth with financial engineering, some 40 years ago.

Although they’re becoming ubiquitous, step back and notice the warning signs of a nation losing its way;

Housing starts expected to head lower again MarketWatch - By Rex Nutting, MarketWatch WASHINGTON (MarketWatch) -- The economic news in the coming week will probably confirm just what you'd expect: higher prices, weaker home building and a Federal Reserve that's stuck in a tricky position.

Israeli gunships fire at fishing boats Israel's naval gunships opened fire yesterday at fishing boats near Rafah shores in southern Gaza Strip, witnesses said. Palestine-Israel, Politics, 8/11/2008

EU: Israel's decision for more settlements undermines peace The construction of settlements anywhere in the Occupied Palestinian territories, including East Jerusalem is illegal under international law, the French EU Presidency statement read. Palestine-Israel-European Union, Politics, 8/11/2008

More Arrows Seen Pointing to a Depression The American economy expanded more slowly than expected from April to June, the government reported Thursday, while numbers for the last three months of 2007 were revised downward to show a contraction — the first official slide backward since the last recession in 2001.
IMF predicts no end in sight to credit crisis Radio Australia | The IMF has a particularly gloomy assessment of the US economy.

The war has been as I warned, a failure ab initio and there is nothing that can change that or the fact they were and remain war crimes/profiteering.

Stressed banks borrow record amount– $16B per day– from Fed Reuters | Banks’ primary credit borrowings averaged $17.45 billion per day in the latest week, the second straight week this had hit a record and up from $16.38 billion the previous week, Fed data showed.

The Military-Industrial Complex: It’s Much Later Than You Think Most Americans have a rough idea what the term “military-industrial complex” means when they come across it in a newspaper or hear a politician mention it. President Dwight D. Eisenhower introduced the idea to the public in his farewell address of January 17, 1961.

The Lie of the Century Michael Rivero | The Downing Street Memo is only the beginning of the proof we were all lied to.

We Are Change Confronts Pelosi on Not Pursuing Impeachment We Are Change | Nancy Pelosi was brought into the House in order to push for impeachment as well as an end to the war in Iraq… to date, she has done none of this.

Quantifying Inflation by Zigler 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.
Acts of War The war between the United States and Iran is on. American taxpayer dollars are being used, with the permission of Congress, to fund activities which result in Iranians being killed and wounded, and Iranian property destroyed.

The U.S. budget deficit will widen to a record of about US$490-billion next year, an administration official said, leaving a deep budget hole for the next president.

If Iran is Attacking It Might Really be Israel Philip Giraldi | Israel is willing to behave with complete ruthlessness towards the US if they feel that the stakes are high enough, witness the attack on the USS Liberty and the bombing of the US Consulate in Alexandria in the 1950s.

Are You Ready to Face the Facts About Israel? On October 21 (1948) the Government of Israel took a decision that was to have a lasting and divisive effect on the rights and status of those Arabs who lived within its borders: the official establishment of military government in the areas where most of the inhabitants were Arabs.”

The Real Reason that the U.S. Tortures People The U.S. has embarked on a coordinated policy of torture. The U.S. has rounded up scores of innocent farmers and other civilians -- including children -- in Iraq, Afghanistan and elsewhere and tortured them until they died, went crazy, or were disabled.

U.S. regulators seize two more banks, engineer sale WASHINGTON (Reuters) - U.S. regulators took over two banks on Friday and sold them to Mutual of Omaha Bank, the sixth and seventh bank failures this year as financial institutions struggle with a housing bust and credit crunch.

Dow Drops 200 Points On Housing Data Associated Press | The major indexes fell more than 1 percent, including the Dow Jones industrial average, which fell more than 200 points.

GM, Ford ‘On the Verge of Bankruptcy’ Bloomberg | The Z-scores for GM and Ford give both a bond rating equivalent to a CCC ranking, though GM is in slightly worse condition than Ford.

Swan Song for Fannie Mike Whitney | Fannie and Freddie have written hundreds of billions of dollars worth of mortgages that have not yet defaulted, but will certainly default within the next two years.

Analyst: WaMu's unsecured creditors pulling out (AP) On the heels of reporting a $3 billion quarterly loss, Washington Mutual Inc. is said to have yet another problem on its hands: an exodus of its unsecured creditors, according to an analyst report.

SF Illegal Murders Three In AK-47 Road Rage Associated Press | The deaths immediately drew public outrage, which intensified when authorities revealed that the shooter is an illegal immigrant who managed to avoid deportation.

Slate: Gonzales’ fingerprints on every White House scandal Raw Story | Slate has created a handy visual aide– including Bush, Vice President Dick Cheney, former Attorney General Alberto Gonzales– of those implicated in various scandals.

Turley fears Dems will let alleged ‘Bush crimes’ stay buried forever Raw Story | “I don’t understand why some Democrats can’t just simply accept a very straightforward proposition, that we’ll prosecute any crimes committed by this administration, an Obama administration, a McCain administration. Because they’re crimes. They’re all egregious.”

Ford Posts Loss of $8.7 Billion on Asset Woes The Ford Motor Company, stunned by abysmal sales of its most profitable vehicles and a sudden shift in consumers’ tastes, said Thursday that it lost $8.7 billion in the quarter, its worst ever, and would overhaul its North American plants to focus on small cars.

(8-15-08) DOW +43.97 NASDAQ –1.15 S&P +5.27 [Absolutely, Absurdly, Riduculous! 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., all news bad though fudged to upside for election year, and great opportunity to sell/take profits since all problems remain and dollar mini-spike short-lived. 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).] [CLOSE- OIL $113.77 (RECORD TRADING HIGH $147.27) GAS $3.85(reg. gas in LAND OF FRUITS AND NUTS $4.07 REG./ $4.91 MID-GRADE/ $5.00 PREM./ $4.66 DIESEL)/ GOLD $792.10/ SILVER $12.82/ PLATINUM $1,388.20/ DOLLAR= .665 EURO, 109 YEN, .53 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.86% 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… The week's final trading session concluded in mixed fashion as results were mixed across the major indices. The Dow and the S&P 500 closed the session up 0.4%, yet the Nasdaq posted a modest decline of 0.1%. For the week, the Dow closed 0.6% lower and the S&P 500 finished 0.1% higher, while the Nasdaq posted a healthy gain of 1.6%. Participants initially pushed the major indices higher as several retailers provided better-than-expected earnings per share results and a strong dollar helped undercut commodity prices further. Yet the sense of bullishness during the early going waned in afternoon trade as retailers lacked the strength to help the broader market and no market-moving leader emerged. Kohl's (KSS 51.79, +3.52), Nordstrom (JWN 31.54, +1.32), JCPenney (JCP 39.94, +3.11), and Abercrombie & Fitch (ANF 52.59, +0.02) each announced earnings per share results that exceeded analysts' dour estimates. The upside surprise is indicative that the consumer has not rolled over. However, the retailers did issue cautious guidance, indicating a lack of confidence in the coming quarters. In the end, retailers finished the session 1.8% higher, besting the major indices again. Helping improve investors' outlook for retailers was another drop in oil prices, thanks largely to a stronger dollar. The dollar index climbed nearly 0.7% as crude shed more than 1% to settle below $114 per barrel. Strength in the greenback also helped push the CRB Commodity Index roughly 1.8% lower. Crude prices are still up more than 18% year-to-date and the CRB is up 6.6% year-to-date. The weakness in commodities pushed the energy sector 1.8% lower and materials 0.4% lower. The financial sector was unable to sustain hefty gains from early in the session. Though settling 1.1% higher, the sector was touting a 2.6% advance shortly after opening bell. Financials have been mired somewhat during recent sessions by uncertainty surrounding auction rate securities settlements. Allegations have been made against several major Wall Street firms that clients were duped into purchasing what were marketed as safe investment vehicles, but they later proved to be risky and illiquid. Participants looked past a batch of economic data that indicated manufacturing activity is holding up better than anticipated. Industrial production climbed 0.2% during July, which follows a 0.4% increase in June. Economists expected the latest reading to be flat. Additionally, the Empire State Manufacturing Index, a regional survey of manufacturers conducted by the New York Fed, came in at 2.8. It was expected to come in at -4.2. DJ30 +43.97 NASDAQ -1.15 NQ100 -0.4% R2K -0.1% SP400 -0.1% SP500 +5.27 NASDAQ Adv/Vol/Dec 1347/1.77 bln/1463 NYSE Adv/Vol/Dec 1639/1.17 bln/1455 .… 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)

(8-19-08) DOW -130.84 NASDAQ – 32.62 S&P – 11.91 [Wholesale prices: Highest annual rate in 27 years .Still great opportunity to sell/take profits since all problems remain and dollar mini-spike short-lived. 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., all news bad though fudged to upside for election year. 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).] [CLOSE- OIL $114.53 (RECORD TRADING HIGH $147.27) GAS $3.83(reg. gas in LAND OF FRUITS AND NUTS $4.01 REG./ $4.91 MID-GRADE/ $5.00 PREM./ $4.66 DIESEL)/ GOLD $817/ SILVER $13.10 / PLATINUM $1,351/ DOLLAR= .67 EURO, 109 YEN, .53 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.8420% 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… The stock market posted a 0.9% loss Tuesday, as continued concerns regarding financials, an increase in wholesale inflation and a rebound in crude oil prices weighed on investor sentiment.The July Producer Price Index brought disappointing news, although the CPI report last week showed some cost-push inflation pressures, so the PPI reading is not a complete surprise. Total PPI rose 1.2% in July (consensus 0.6%) and core PPI, which excludes food and energy, rose 0.7% (consensus 0.2%). That leaves the year-over-year increase for total PPI at 9.8% -- the highest since 1981. Core PPI is up 3.5% year-over-year, the highest level since 1991.In other economic news, July housing starts and building permits posted steep declines, although this was partially due to a change in permit applications requirements during June. Starts fell 11% to a 965,000 annual rate (consensus 960,000) and building permits dropped 17.7% to a 937,000 annual rate (consensus 970,000). Homebuilding stocks fell 3.6%.Eight of the ten economic sectors posted a loss in broad-based weakness.The financial sector (-3.0%) acted as the main drag. AIG (AIG 20.37, -1.23) tumbled 5.7% after Goldman Sachs said there is an increased chance that the insurance giant may need to raise more capital, according to Reuters. Lehman Brothers (LEH 13.10, -1.93) fell 12.8% following several negative media reports, including a Wall Street Journal article that said Lehman's third quarter has turned ugly.Meanwhile, Fannie Mae (FNM 6.04, -0.11) and Freddie Mac (FRE 4.18, -0.21) were unable to recover from the previous session's steep decline. Freddie sold new five-year notes at 4.172%, which is 113 basis points more than the five-year Treasury Note. The large spread over Treasuries indicates market participants continue to show some apprehension regarding debt from Freddie, despite the implied guarantee from the U.S. government.Consumer discretionary stocks (-2.2%) also came under pressure, with the rise in crude prices and discouraging news from several retailers (-2.7%) prompting the selling interest. Home Depot (HD 26.05, -0.91) and Target (TGT 49.74, -0.31) both reported year-over-year declines in quarterly net earnings, although the results topped Wall Street's forecast. Still, the companies' stocks posted a decline. Meanwhile, department store operator Saks (SKS 10.32, -0.90) tumbled 8.0% after posting a larger-than-expected quarterly loss. Staples (SPLS 23.56, -1.02) fell 4.2% in response to its second quarter profit outlook that fell short of estimates.The energy sector (+2.8%) received a boost, with oil and gas exploration stocks (+4.3%) benefiting from the 2.2% rise in crude prices.With regard to crude, prices traded in a volatile manner on no specific news. Oil posted a loss of 1.1% at session lows, and was up 3.4% at session highs. Tomorrow, oil will once again be in focus with the government's weekly energy data set for release at 10:35 AM ET. DJ30 -130.84 NASDAQ -32.62 NQ100 -1.2% R2K -1.6% SP400 -1.0% SP500 -11.91 NASDAQ Adv/Vol/Dec 755/1.74 bln/2035 NYSE Adv/Vol/Dec 855/1.01 bln/2274.… 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)

Peacekeepers to stay’ in Georgia as Russia Wisely Perceives Neocon/american/israeli Militant Aspirations in the Region Including Georgia

A more correct statement is that america, israel, and client-state georgia are likely to commit false flag ops/terror attacks, etc..

Assuming meaningfully lawless war criminal nations america/israel/their allies, etc., will do their worst is a rational position that warrants rational preparation/response by Russia.

Given the magnitude of the american war crimes in Iraq, to the americans/israelis/neocons/their allies, this is nothing, small potatoes, etc.

August 19,2008 Putin is playing the hand he was dealt by the U.S. And Israeli criminal Governments perfectly. In every case Russia has been proven to be “The Good Guy” in most international media at this point. Even EU countries are condemning Georgia. I’m glad the Neocons just ran themselves into a brick wall, at high speed might i add. The whole educated world see’s the Neocons as warmongering, lying, pyschopathic murderers with no regard to human life. The only thing i’m worried about now is Bush getting desperate and trying something incredibily stupid, especially if impeachment hearings proceed and he gets nervous.

I quite agree with the foregoing comment, except don't hold your breath for impeachment.

Peacekeepers to stay’ in Georgia as Russia Wisely Perceives Neocon/american/israeli Militant Aspirations in the Region Including Georgia

A correct statement is that america, israel, and client-state georgia are likely to commit false flag ops/terror attacks, etc..

Assuming meaningfully lawless war criminal nations america/israel/their allies, etc., will do their worst is a rational position that warrants rational preparation/response by Russia.

Given the magnitude of the american war crimes in Iraq, to the americans/israelis/neocons/their allies, this is nothing, small potatoes, etc.

Condoleezza Rice: Russia playing 'dangerous game' What has she been smoking/drinking/popping…..Ah eureka, the same as bush since everyone knows they were playing the safe game of war crimes in Iraq’

Meet the Economist Who Correctly Thinks We’re Doomed August 19, 2008 New York Times | In 2006, economist Nouriel Roubini said the United States would likely face a once-in-a-lifetime housing bust, an oil shock, sharply declining consumer confidence and, ultimately, a deep recession/depression.

Bracing for Inflation BusinessWeek - by John K. Castle Growing evidence suggests American consumers, businesspeople, and political leaders should all be bracing for double-digit inflation, probably as early as 2009.

The Strong Dollar Illusion ‘Economists who now see American troubles spreading around the world are predicting that foreign central banks will ignore the gathering inflation threat and follow the Fed down the rate cutting path. Similarly, they argue that since the downturn began here, the U.S. recovery will likely be underway while the rest of world is still decelerating. These assumptions have prompted a rally in the dollar, a sell-off in gold, commodities and foreign stocks, and have cast doubts on the ability of foreign economies to “decouple” from the United States. Investors should not take the bait. America does indeed pose a global threat, but not for the reasons these economists suppose. Foreign economies are suffering not because Americans have slowed their voracious spending, but because they are defaulting on hundreds of billions of dollars of existing loans underwritten by lenders around the world’…..

Large U.S. bank collapse seen ahead August 19, 2008 Reuters | The worst of the global financial crisis is yet to come and a large U.S. bank will fail in the next few months, former IMF chief economist Kenneth Rogoff said.

‘Peacekeepers to stay’ in Georgia SBS | Russia plans to deploy a peacekeeping force like those of the u.s. abroad/Iraq, etc., of unspecified size that will protect those targeted by u.s/israel/georgia.

There are scores of these detention/concentration camps throughout the country

News crew crashes Denver’s DNC concentration camp Stephen C. Webster | Police are preparing what a local political organizer calls a ‘concentration camp,’ laying in wait for mass arrests anticipated during the upcoming Democratic National Convention.

NSA Security Officer: We Should Just Kill Troublesome Bloggers OpEd News | Wayne Madsen claims to have an executive level NSA staff person on record saying that significant sentiment exists within the NSA to kill troublesome bloggers and journalists.

Are You Ready For Nuclear War? August 19, 2008 Paul Craig Roberts | In order to keep the billions of dollars in profits flowing to its contributors in the US military-security complex, the Bush Regime has rekindled the cold war.